Pershing Square Capital Management, L.P. issued the following statement in response to the management information circular filed today by Canadian Pacific Railway Limited (CP,CP.TO) in respect of its annual meeting of shareholders to be held on May 17, 2012:
Canadian Pacific filing makes clear that this Board still does not understand the fundamental Board and management changes that the overwhelming majority of CP's shareholders require, and that the investment research community has called for. Fortunately, Canadian Pacific opportunity to restructure this Board and reset its culture is now only weeks away.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.