INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net income	$ 598	$ 618	$ 1,642	$ 1,776
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	195	185	582	528
Deferred income tax expense	45	96	133	116
Pension recovery and funding	(65)	(94)	(192)	(271)
Foreign exchange (gain) loss on debt and lease liabilities	(40)	25	89	(57)
Other operating activities, net	56	24	11	87
Change in non-cash working capital balances related to operations	(296)	(31)	(448)	(222)
Cash provided by operating activities	493	823	1,817	1,957
Investing activities
Additions to properties	(484)	(464)	(1,341)	(1,147)
Investment in Central Maine & Quebec Railway	0	0	19	0
Proceeds from sale of properties and other assets	2	4	9	18
Other investing activities	(1)	(1)	0	(6)
Cash used in investing activities	(483)	(461)	(1,313)	(1,135)
Financing activities
Dividends paid	(113)	(116)	(339)	(298)
Issuance of CP Common Shares	3	6	32	20
Purchase of CP Common Shares	(400)	(500)	(945)	(964)
Issuance of long-term debt, excluding commercial paper	0	0	958	397
Repayment of long-term debt, excluding commercial paper	(49)	(6)	(74)	(491)
Net (repayment) issuance of commercial paper	459	355	(114)	601
Net increase in short-term borrowings	0	0	5	0
Other financing activities	0	(2)	11	(2)
Cash used in financing activities	(100)	(263)	(466)	(737)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	(4)	1	12	(1)
Cash position
(Decrease) increase in cash and cash equivalents	(94)	100	50	84
Cash and cash equivalents at beginning of period	277	45	133	61
Cash and cash equivalents at end of period	183	145	183	145
Supplemental disclosures of cash flow information:
Income taxes paid	311	122	455	379
Interest paid	$ 163	$ 141	$ 383	$ 373