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Canadian Pacific Railway Limited

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Canadian Pacific has continud to focus on effective expense management to boost its bottom line. The company however is facing challneges in top line growth due to low coal volumes and foreign exchange rates. However, the company's policy to reward shareholders through dividends/buybacks pleases us. The company recently announced that Bill Ackman’s Pershing Square Capital Management sold its entire stake in the company, but no reason was shared behind this move . Canadian Pacific has announced that the company will release third quarter results on Oct 19. The company expects to post double-digit growth in fiscal 2016 despite challenenges.

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