INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Operating activities
Net income	$ 618	$ 622	$ 1,776	$ 1,406
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	185	174	528	516
Deferred income tax (recovery) expense	96	77	116	155
Pension recovery and funding	(94)	(84)	(271)	(238)
Foreign exchange loss (gain) on debt and lease liabilities	25	(38)	(57)	55
Settlement of forward starting swaps on debt issuance	0	0	0	(24)
Other operating activities, net	24	(6)	87	(23)
Change in non-cash working capital balances related to operations	(31)	(72)	(222)	(66)
Cash provided by operating activities	823	673	1,957	1,781
Investing activities
Additions to properties	(464)	(430)	(1,147)	(1,084)
Proceeds from sale of properties and other assets	4	7	18	16
Other investing activities	(1)	0	(6)	(1)
Cash used in investing activities	(461)	(423)	(1,135)	(1,069)
Financing activities
Dividends paid	(116)	(92)	(298)	(255)
Issuance of CP Common Shares	6	4	20	16
Purchase of CP Common Shares	(500)	0	(964)	(559)
Issuance of long-term debt, excluding commercial paper	0	0	397	638
Repayment of long-term debt, excluding commercial paper	(6)	(5)	(491)	(744)
Net issuance of commercial paper	355	(53)	601	0
Other financing activities	(2)	0	(2)	0
Cash used in financing activities	(263)	(146)	(737)	(904)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	1	(5)	(1)	4
Cash position
Increase (decrease) in cash and cash equivalents	100	99	84	(188)
Cash and cash equivalents at beginning of period	45	51	61	338
Cash and cash equivalents at end of period	145	150	145	150
Supplemental disclosures of cash flow information:
Income taxes paid	122	74	379	230
Interest paid	$ 141	$ 147	$ 373	$ 380