Canadian Pacific Railway Ltd (CP)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Canoe Financial Lp	2,226,842	$192,873,520	2.39%
2.	Cardinal Capital Management, Inc.	1,702,045	$147,273,884	3.56%
3.	Addenda Capital Inc.	832,895	$102,608,496	2.79%
4.	Value Partner Investments Inc.	724,607	$62,700,687	4.38%
5.	Investec Asset Management Ltd	633,494	$54,903,540	0.12%