Canadian Pacific Railway Ltd. (CP, CP.TO) said its wholly-owned subsidiary, Canadian Pacific Railway Company, is issuing C$400 million of 6.45% Notes due November 17, 2039. The transaction is expected to close November 17, 2009. The net proceeds from the offering of approximately C$398 million would be used for general corporate purposes which may include the funding of pension plan obligations as well as the reduction and restructuring of indebtedness.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.