03:43 PM EST - Canadian Pacific Railway Limited : set the record straight on a number of misleading and inaccurate statements made by Pershing Square, including claims in its proxy circular filed on April 5, in connection with CP's annual meeting of shareholders to take place on May 17. CP's management team is aggressively and successfully executing on the Company's Multi-Year Plan to deliver a 70 to 72 operating ratio for 2014, and is targeting an operating ratio of 68.5 to 70.5 for 2016. The Multi-Year Plan is already yielding record operating metrics that are expected to translate into improved financial results beginning in the first quarter 2012. Canadian Pacific Railway Limited
shares T.CP are trading down $1.50 at $73.16.
