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 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.