INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - CAD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating activities
Net income	$ 765	$ 1,246	$ 1,355	$ 1,848
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	211	200	421	402
Deferred income tax (recovery) expense	114	9	113	60
Pension recovery and funding	(72)	(65)	(144)	(126)
Equity earnings of Kansas City Southern	(208)	0	(406)	0
Foreign exchange gain on debt and lease liabilities	0	(52)	0	(85)
Dividend from Kansas City Southern	0	0	334	0
Other operating activities, net	(16)	52	(99)	(36)
Change in non-cash working capital balances related to operations	(87)	564	(254)	473
Cash provided by operating activities	707	1,954	1,320	2,536
Investing activities
Additions to properties	(370)	(416)	(596)	(739)
Proceeds from sale of properties and other assets	11	12	26	49
Other	(3)	(1)	2	(1)
Cash used in investing activities	(362)	(405)	(568)	(691)
Financing activities
Dividends paid	(176)	(126)	(353)	(253)
Issuance of CP Common Shares	1	8	9	16
Repayment of long-term debt, excluding commercial paper	(10)	(10)	(552)	(31)
Repayment of term loan	(132)	0	(132)	0
Net issuance of commercial paper	20	(872)	340	(779)
Acquisition-related financing fees	0	(12)	0	(45)
Other financing activities	0	(4)	0	(4)
Cash used in financing activities	(297)	(1,016)	(688)	(1,096)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	8	(1)	8	(4)
Cash position
Increase in cash, cash equivalents, and restricted cash	56	532	72	745
Cash, cash equivalents at beginning of period	98	360	82	147
Cash and cash equivalents at end of period	154	892	154	892
Supplemental disclosures of cash flow information:
Income taxes paid	93	139	252	272
Interest paid	$ 169	$ 57	$ 319	$ 212