Canadian Pacific Railway Limited (CP.TO) said its fourth-quarter net income increased to C$194.1 million from C$188.1 million last year. However, earnings per share for the quarter declined to C$1.15 from C$1.21 a year ago.
Excluding these items, adjusted earnings per share were C$0.94, down 12% from C$1.07 in fourth-quarter 2008.
Revenues for the fourth quarter of 2009 decreased 16% to C$1.12 billion from restated C$1.30 billion in the year earlier quarter. CP plans to spend in the range of $680 million - $730 million on capital programs in 2010.
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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.