10:02 AM EST - Canadian Pacific Railway Limited : welcomed the joint announcement by Prime Minister Stephen Harper and Japanese Prime Minister Yoshihiko Noda, that Canada and Japan will launch negotiations for a free trade agreement between the two countries. Japan is the world's third-largest national economy and was Canada's largest source of job-creating investment from Asia. It is also Canada's fourth-largest merchandise export market, with exports totaling $10.7 billion in 2011 -- an increase of 16.1% over 2010. Total merchandise trade in 2011 was valued at $23.7 billion. CP and its supply chain partners enable these trade flows. Canadian Pacific Railway Limited
shares T.CP are trading up $0.79 at $78.11.
