CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating activities
Net income	$ 2,852	$ 2,444	$ 2,440
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	811	779	706
Deferred income tax expense	242	221	181
Pension recovery and funding	(249)	(250)	(360)
Equity loss of Kansas City Southern	141	0	0
Foreign exchange gain on debt and lease liabilities	(7)	(14)	(94)
Other operating activities, net	(36)	11	143
Change in non-cash working capital related to operations	(66)	(389)	(26)
Cash provided by operating activities	3,688	2,802	2,990
Investing activities
Additions to properties	(1,532)	(1,671)	(1,647)
Investment in Kansas City Southern	(12,299)	0	0
Investment in Detroit River Tunnel Partnership	0	(398)	0
Investment in Central Maine & Quebec Railway	0	19	(174)
Proceeds from sale of properties and other assets	96	22	26
Other investing activities	5	(2)	(8)
Cash used in investing activities	(13,730)	(2,030)	(1,803)
Financing activities
Dividends paid	(507)	(467)	(412)
Issuance of CP Common Shares	25	52	26
Purchase of CP Common shares	0	(1,509)	(1,134)
Issuance of long-term debt, excluding commercial paper	10,673	958	397
Repayment of long-term debt, excluding commercial paper	(359)	(84)	(500)
Proceeds from term loan	633	0	0
Net (repayment) issuance of commercial paper	(454)	270	524
Net increase in short-term borrowings	0	5	0
Acquisition-related financing fees	(51)	0	0
Other financing activities	(24)	11	(12)
Cash used in financing activities	9,936	(764)	(1,111)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	41	6	(4)
Cash position
(Decrease) increase in cash, cash equivalents, and restricted cash	(65)	14	72
Cash and cash equivalents at beginning of year	147	133	61
Cash and cash equivalents at end of year	82	147	133
Supplemental disclosures of cash flow information:
Income taxes paid	552	582	506
Interest paid	$ 426	$ 443	$ 444