ITEM 8.01. Other Events.

On July 27, 2020, Canadian Pacific Railway Limited (the "Corporation") filed with Canadian securities regulators an updated version of the Corporation's Code of Business Ethics (the "Code"), dated July 2020. A copy of the Code is attached as Exhibit 99.1.

ITEM 9.01. Financial Statements and Exhibits.






(d) Exhibits



Exhibit No.                                Exhibit Description
Exhibit 99.1     Code of Business Ethics
Exhibit 104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

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