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Press release from CNW Group

Canadian Pacific Railway Limited Declares Dividend

Friday, November 30, 2012

Canadian Pacific Railway Limited Declares Dividend13:11 EST Friday, November 30, 2012CALGARY, Nov. 30, 2012 /CNW/ - The Board of Directors of Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today declared a quarterly dividend of thirty-five cents ($0.35) Canadian per share on the outstanding Common Shares.  The dividend is payable on January 28, 2013 to holders of record at the close of business on December 28, 2012, and is an "eligible" dividend for purposes of the Income Tax Act (Canada) and any similar provincial/territorial legislation.About Canadian PacificCanadian Pacific (CP: TSX)(NYSE: CP) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency. Visit www.cpr.ca to learn more.SOURCE: Canadian PacificFor further information: Contacts:Media Ed Greenberg Tel:  612 849-4717 24/7 Media Pager:  855-242-3674 ed_greenberg@cpr.ca Investor Relations Janet Weiss Tel:  403 319-3591 investor@cpr.ca