CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating activities
Net income	$ 1,951	$ 2,405	$ 1,599
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	696	661	640
Deferred income taxes	256	(210)	320
Pension recovery and funding	(321)	(237)	(138)
Foreign exchange loss (gain) on long-term debt	168	(186)	(79)
Settlement of forward starting swaps on debt issuance	(24)	0	0
Other operating activities, net	(79)	(113)	(198)
Change in non-cash working capital related to operations	65	(138)	(55)
Cash provided by operating activities	2,712	2,182	2,089
Investing activities
Additions to properties	(1,551)	(1,340)	(1,182)
Proceeds from sale of properties and other assets	78	42	116
Other	15	3	(3)
Cash used in investing activities	(1,458)	(1,295)	(1,069)
Financing activities
Dividends paid	(348)	(310)	(255)
Issuance of CP Common Shares	24	45	21
Purchase of CP Common shares	(1,103)	(381)	(1,210)
Issuance of long-term debt, excluding commercial paper	638	0	0
Repayment of long-term debt, excluding commercial paper	(753)	(32)	(38)
Net repayment of commercial paper	0	0	(8)
Settlement of forward starting swaps on de-designation	0	(22)	0
Other	0	0	(3)
Cash used in financing activities	(1,542)	(700)	(1,493)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	11	(13)	(13)
Cash position
(Decrease) increase in cash and cash equivalents	(277)	174	(486)
Cash and cash equivalents at beginning of year	338	164	650
Cash and cash equivalents at end of year	61	338	164
Supplemental disclosures of cash flow information:
Income taxes paid	318	425	322
Interest paid	$ 463	$ 475	$ 488