ITEM 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal


           Year.

Effective May 5, 2021, Canadian Pacific Railway Limited (the "Company") amended its Restated Certificate and Articles of Incorporation pursuant to the Canada Business Corporations Act to subdivide each of the issued and outstanding common shares of the Company (the "Common Shares") on a five for one basis, such that each Common Share became five Common Shares. The Articles of Amendment are attached as Exhibit 3.1 to this Current Report on Form 8-K and are incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits.




(d) Exhibits



  Exhibit
    No.         Exhibit Description

Exhibit 3.1       Articles of Amendment to Restated Certificate and Articles of
                Incorporation.

Exhibit 104     Cover Page Interactive Data File (embedded within the Inline XBRL
                document).

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