INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net income	$ 1,246	$ 635	$ 1,848	$ 1,044
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	200	195	402	387
Deferred income tax expense	9	49	60	88
Pension recovery and funding	(65)	(62)	(126)	(127)
Foreign exchange (gain) loss on debt and lease liabilities	(52)	(86)	(85)	129
Other operating activities, net	52	27	(36)	(45)
Change in non-cash working capital balances related to operations	564	77	473	(152)
Cash provided by operating activities	1,954	835	2,536	1,324
Investing activities
Additions to properties	(416)	(502)	(739)	(857)
Investment in Central Maine & Quebec Railway	0	19	0	19
Proceeds from sale of properties and other assets	12	5	49	7
Other investing activities	(1)	10	(1)	1
Cash used in investing activities	(405)	(468)	(691)	(830)
Financing activities
Dividends paid	(126)	(112)	(253)	(226)
Issuance of CP Common Shares	8	5	16	29
Purchase of CP Common Shares	0	(44)	0	(545)
Issuance of long-term debt, excluding commercial paper	0		0	958
Issuance of long-term debt, excluding commercial paper		(1)
Repayment of long-term debt, excluding commercial paper	(10)	(10)	(31)	(25)
Net repayment of commercial paper	(872)	(20)	(779)	(573)
Net (decrease) increase in short-term borrowings	0	(140)	0	5
Acquisition-related financing fees	(12)	0	(45)	0
Other financing activities	(4)	0	(4)	11
Cash used in financing activities	(1,016)	(322)	(1,096)	(366)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	(1)	(15)	(4)	16
Cash position
Increase in cash and cash equivalents	532	30	745	144
Cash and cash equivalents at beginning of period	360	247	147	133
Cash and cash equivalents at end of period	892	277	892	277
Supplemental disclosures of cash flow information:
Income taxes paid	139	5	272	144
Interest paid	$ 57	$ 63	$ 212	$ 220