INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Operating activities
Net income	$ 622	$ 510	$ 1,406	$ 1,421
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	174	162	516	493
Deferred income taxes	77	77	155	168
Pension funding in excess of expense	(84)	(59)	(238)	(178)
Foreign exchange (gain) loss on long-term debt	(38)	(105)	55	(200)
Settlement of forward starting swaps on debt issuance	0	0	(24)	0
Other operating activities, net	(6)	(1)	(23)	(88)
Change in non-cash working capital balances related to operations	(72)	(57)	(66)	(167)
Cash provided by operating activities	673	527	1,781	1,449
Investing activities
Additions to properties	(430)	(319)	(1,084)	(895)
Proceeds from sale of properties and other assets	7	13	16	29
Other investing activities	0	0	(1)	5
Cash used in investing activities	(423)	(306)	(1,069)	(861)
Financing activities
Dividends paid	(92)	(83)	(255)	(229)
Issuance of CP Common Shares	4	2	16	39
Purchase of CP Common Shares	0	(226)	(559)	(368)
Issuance of long-term debt, excluding commercial paper	0	0	638	0
Repayment of long-term debt, excluding commercial paper	(5)	(3)	(744)	(17)
Net repayment of commercial paper	(53)	0	0	0
Settlement of forward starting swaps on de-designation	0	0	0	(22)
Cash (used in) provided by financing activities	(146)	(310)	(904)	(597)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	(5)	(7)	4	(13)
Cash position
Increase (decrease) in cash and cash equivalents	99	(96)	(188)	(22)
Cash and cash equivalents at beginning of period	51	238	338	164
Cash and cash equivalents at end of period	150	142	150	142
Supplemental disclosures of cash flow information:
Income taxes paid	74	78	230	364
Interest paid	$ 147	$ 140	$ 380	$ 385