CALGARY, May 3 /PRNewswire-FirstCall/ -- Brian Grassby, Acting Chief Financial Officer & Comptroller, Canadian Pacific Railway (TSX/NYSE: CP) will address the Bear Stearns Global Transportation Conference in New York at 9:45 a.m. ET on May 9, 2006. Mr. Grassby will present CPR's performance, strategy and growth opportunities. A live audio Webcast of the presentation, as well as the supporting slides, will be available on CPR's website at http://www.cpr.ca/. To listen to the Webcast, go to the Investors section of CPR's website. CPR recommends logging in 10 minutes prior to the scheduled start. Canadian Pacific Railway is a transcontinental carrier operating in Canada and the U.S. Its 14,000-mile rail network serves the principal centres of Canada, from Montreal to Vancouver, and the U.S. Northeast and Midwest regions. CPR feeds directly into America's heartland from the East and West coasts. Alliances with other carriers extend its market reach throughout the U.S. and into Mexico. Canadian Pacific Logistics Solutions provides logistics and supply chain expertise worldwide. Canadian Pacific Railway is marking its 125th anniversary in 2006. For more information, visit CPR's website at http://www.cpr.ca/. DATASOURCE: Canadian Pacific Railway CONTACT: Media: Leslie Pidcock, Tel.: (403) 319-6878, e-mail: ; Investment Community: Paul Bell, Vice-President Investor Relations, Tel.: (403) 319-3591, e-mail:

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