INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - CAD CAD in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net income	CAD 328	CAD 390	CAD 868	CAD 710
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	161	145	323	291
Deferred income taxes	90	74	183	106
Pension funding in excess of expense	(37)	(20)	(79)	(30)
Foreign exchange (gain) loss on long-term debt	(18)	(10)	(199)	54
Other operating activities, net	(47)	(28)	(113)	(69)
Change in non-cash working capital balances related to operations	35	34	(253)	78
Cash provided by operating activities	512	585	730	1,140
Investing activities
Additions to properties	(330)	(355)	(608)	(618)
Proceeds from sale of properties and other assets	11	8	71	60
Other	(2)	(7)	(2)	13
Cash used in investing activities	(321)	(354)	(539)	(545)
Financing activities
Dividends paid	(53)	(57)	(107)	(115)
Issuance of CP Common Shares	4	11	9	27
Purchase of CP Common Shares	(788)	(543)	(788)	(1,072)
Issuance of long-term debt, excluding commercial paper	0	0	0	810
Repayment of long-term debt, excluding commercial paper	(7)	(9)	(18)	(67)
Net issuance (repayment) of commercial paper (Note 8)	176	369	176	(224)
Other	(1)	0	(3)	0
Cash used in financing activities	(669)	(229)	(731)	(641)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	(1)	(1)	(18)	5
Cash position
(Decrease) increase in cash and cash equivalents	(479)	1	(558)	(41)
Cash and cash equivalents at beginning of period	571	184	650	226
Cash and cash equivalents at end of period	92	185	92	185
Supplemental disclosures of cash flow information:
Income taxes paid	65	62	257	59
Interest paid	CAD 92	CAD 94	CAD 247	CAD 161