April 20, 2012 | CP, Headlines
(Source: Reuters Canada, April 20, 2012) TORONTO — Canadian Pacific Railway Ltd. said on Friday that first-quarter profits more than quadrupled and that it operating ratio improved to 80.1 percent from 90.6 percent in the same period of 2011. Full story: Reuters...
April 19, 2012 | CP, Headlines
(Source: Canadian Press, April 18, 2012) CALGARY — An activist investor’s push to improve efficiency at Canadian Pacific Railway Ltd. may come at the expense of customer relationships, former federal cabinet minister Chuck Strahl says. Strahl, who once held the...
April 18, 2012 | CP, Headlines
(Source: Globe and Mail, April 16, 2012) TORONTO — As Bill Ackman’s campaign to win voter support for a revamped board at Canadian Pacific Railway Ltd. moves into its final month, the New York activist is stepping up pressure with a shareholder letter faulting the...
April 17, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, April 16, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited today issued the following statement in response to Pershing Square’s letter to shareholders: “As evidenced by the Company’s last...
April 16, 2012 | CP, Headlines
(Source: Globe and Mail, April 16, 2012) TORONTO — Canadian Pacific Railway Ltd. is hoping to gather momentum in a proxy fight when it releases its first-quarter results on Friday, counting on shareholders to warm up to the freight carrier’s turnaround strategy. Full...
April 13, 2012 | CP, Headlines
(Source: Financial Post, April 12, 2012) OTTAWA — With just over a month to go until its annual meeting, Canadian Pacific Railway Ltd. was upgraded to buy from neutral by an analyst at Bank of America Merrill Lynch. Full story: Financial Post
April 12, 2012 | CP, Headlines
(Source: Globe and Mail, April 11, 2012) TORONTO — The drawn-out proxy fight between Pershing Square’s Bill Ackman and Canadian Pacific Railway Ltd. management may become more complicated when the railway announces upbeat first-quarter results on April 20, says...
April 11, 2012 | CP, Headlines
(Source: Canadian Pacific Railway press release, April 10, 2012) CALGARY, Alberta — Canadian Pacific Railway Limited today announced that the Company expects to report first-quarter 2012 diluted earnings per share (EPS) in the range of 80 to 83 cents. This exceeds our...
April 9, 2012 | CP, Headlines
(Source: Vancouver Sun, April 5, 2012) VANCOUVER, B.C. — Activist investor William Ackman argued once again on Thursday that only a new chief executive can lead Canadian Pacific Railway to recovery, in a proxy pitch to shareholders that also seeks support for his...
March 29, 2012 | CP, Headlines
(Source: Financial Post, March 29, 2012) CALGARY, Alberta — Canadian Pacific Railway Ltd. might have made some sound arguments at its investor day in Toronto this week, but some questioned whether it would be enough to sway shareholders. Full story: Calgary...
