SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of ~~January~~April, 2009

CANADIAN PACIFIC RAILWAY LIMITED
(Commission File No. 1-01342)
CANADIAN PACIFIC RAILWAY COMPANY
(Commission File No. 1-15272)
(translation of each Registrant’s name into English)

Suite 500, Gulf Canada Square, 401 – 9th Avenue, S.W., Calgary, Alberta, Canada, T2P 4Z4
(address of principal executive offices)

Indicate by check mark whether the registrants file or will file annual reports under cover Form 20-F or Form 40-F.


Form 20-F o		Form 40-F x

Indicate by check mark whether the registrants by furnishing the information contained in this Form are also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes o		No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

This Report furnished on Form 6-K shall be incorporated by reference into each of the following Registration Statements under the Securities Act of 1933 of the registrant: Form S-8 No. 333-140955 (Canadian Pacific Railway Limited), Form S-8 No. 333-127943 (Canadian Pacific Railway Limited), and Form S-8 No. 333-13962 (Canadian Pacific Railway Limited).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CANADIAN PACIFIC RAILWAY LIMITED CANADIAN PACIFIC RAILWAY COMPANY (Registrants)
Date: January 28, 2009	By:	Signed: Karen L. Fleming
Date: April 1, 2009	By:	Signed: G.A. Feigel
		Name:	~~Karen L~~G.A. ~~Fleming~~Feigel
		Title:	Assistant Corporate Secretary

Release: Immediate, ~~January~~April 281, 2009

~~CORRECTION~~CANADIAN ~~FROM~~PACIFIC ~~SOURCE:~~AND ~~CANADIAN~~BOREALIS ~~PACIFIC~~INFRASTRUCTURE ~~ANNOUNCES~~ANNOUNCE ~~COMMON~~CHANGES ~~EQUITY~~TO ~~OFFERING~~THEIR DETROIT RIVER TUNNEL PARTNERSHIP AGREEMENT

CALGARY, ~~ALBERTA—~~– Canadian Pacific Railway Limited (~~Marketwire~~TSX/NYSE: —CP) ~~Jan~~and Borealis Infrastructure Management Inc. ~~28,~~announced ~~2009)~~that —they Ahave ~~correction~~entered ~~from~~into ~~source~~a istransaction ~~being~~that, ~~issued~~subject ~~with~~to regulatory ~~respect~~approval, towill ~~the~~change ~~release~~their ~~which~~joint ~~was~~ownership ~~disseminated~~of onthe ~~January~~Detroit River Tunnel Partnership (DRTP) ~~27,~~to ~~2009~~a majority atposition ~~17:46~~for ETBorealis. InCP retains its exclusive right to operate and maintain the ~~second~~Detroit ~~paragraph~~River tunnel; however, itCP’s ~~should~~interest ~~read~~will ~~“approximately~~decrease ~~C$463 million”~~to ~~instead~~16.5 ofper ~~“approximately~~cent ~~C$463,050,000~~from 50 per cent with the ~~million”~~completion ~~and~~of ~~“approximately~~this Ctransaction. CP’s proceeds from the transaction will be $~~511~~110 million” ~~instead~~plus additional proceeds of “C$~~510,825,000~~22 million”. ~~The~~based ~~complete~~on ~~and corrected~~future ~~version~~freight ~~follows~~volume through the tunnel.

~~Calgary~~The ~~— Canadian~~DRTP ~~Pacific~~owns ~~Railway~~the ~~Limited~~Detroit ~~(TSX/NYSE:CP)~~River ~~today~~Rail ~~announced~~Tunnel ~~that~~which itcarries ~~has~~CP’s ~~entered~~rail ~~into an~~line ~~agreement~~from ~~with~~Windsor ~~a syndicate of underwriters who have agreed~~ to ~~purchase~~Detroit. The 12tunnel,~~600,000~~ CPwhich ~~common shares~~transports atrail atraffic ~~price~~across ~~of C$36.75 per share for sale to~~ the ~~public, primarily in~~ Canada-US ~~and the United States. CP has also granted to the underwriters an option to purchase~~border, onis ~~the same terms, up to~~ a ~~further~~ ~~1,300,000~~vital ~~common~~link ~~shares. The option is exercisable,~~ in ~~whole~~the ~~or in part, up to 30 days~~North ~~after~~American ~~the~~transportation ~~closing, which is scheduled to occur on February 10, 2009.~~ infrastructure

~~The~~“I ~~offering~~am ispleased ~~expected~~with tothe ~~provide~~latest CPdevelopment ~~gross~~in ~~proceeds~~our oflong-standing ~~approximately~~partnership ~~C$463 million~~with (Borealis and its parent, in the ~~case~~ ofOMERS apension ~~full~~fund,” ~~exercise~~said ofKathryn ~~the~~McQuade, ~~underwriters~~Canadian Pacific’s ~~option,~~Chief ~~approximately~~Financial ~~C$511 million)~~Officer. “This ~~The~~transaction ~~net~~allows ~~proceeds of~~us ~~the~~to ~~offering~~realize ~~may~~value befor ~~used~~our toasset ~~reduce~~and ~~indebtedness,~~strengthen ~~contribute~~our tobalance ~~funding~~sheet ofwhile preserving ~~capital~~our ~~projects~~right ~~and for~~to ~~general~~operate ~~corporate~~the ~~purposes~~tunnel. ”

~~Canadian~~“The ~~Pacific,~~Detroit ~~through~~River ~~the~~Tunnel ~~ingenuity~~is ofan ~~its~~investment ~~employees~~that ~~located~~fits ~~across~~into ~~Canada~~our ~~and~~long-term instrategy ~~the~~of ~~United~~securing ~~States,~~infrastructure ~~remains~~assets ~~committed~~that tocan ~~being~~generate ~~the~~stable ~~safest,~~and ~~most~~sustainable ~~fluid~~returns ~~railway~~for inOMERS ~~North~~plan ~~America. Our people are~~members,” ~~the~~commented ~~key~~OMERS toPresident ~~delivering innovative transportation solutions to our customers~~ and toCEO ~~ensuring~~Michael ~~the safe operation of our trains through the more than 900 communities where we operate~~Nobrega. ~~Canadian Pacific is proud to be the official rail freight services provider for the Vancouver 2010 Olympic and Paralympic Winter Games. Contacts:~~

Media		Investment Community
Leslie Pidcock		Janet Weiss, Assistant Vice-President
Tel.: (403) 319-6878		Investor Relations
email: leslie_pidcock@cpr.ca		Tel.: (403) 319-3591 email: investor@cpr.ca

About Canadian Pacific

ACanadian ~~preliminary~~Pacific, ~~prospectus~~through ~~containing important information relating to~~ the ~~common~~ingenuity ~~shares has been filed with securities commissions or similar authorities in all~~ of ~~the~~its ~~provinces~~employees ~~and~~located ~~territories~~across of Canada ~~(the “Canadian Securities Commissions”)~~ and ain ~~registration statement relating to~~ the ~~common shares has been filed with the~~ United States, ~~Securities~~remains ~~and~~committed ~~Exchange Commission (the “SEC”). The preliminary prospectus is still subject~~ to ~~completion~~being ~~or amendment and~~ the ~~registration~~safest, ~~statement has~~most ~~not~~fluid ~~yet~~railway ~~become effective. There will not be any sale or any acceptance of an offer to buy the securities~~ in ~~Canada~~North ~~until~~America. aOur ~~receipt~~people ~~for~~ are the ~~final~~key ~~prospectus~~to ~~has~~delivering ~~been~~innovative ~~issued~~transportation ~~and~~solutions ~~the common shares may not be sold in the United States or~~ to ~~U.S.~~our ~~persons~~customers and ~~offers~~ to ~~buy~~ensuring the ~~common shares may not~~safe beoperation ~~accepted~~of ~~from~~our ~~persons~~trains inthrough the ~~United~~more ~~States~~than or900 ~~U.S.~~communities ~~persons~~where ~~prior~~we ~~to the time that the registration statement becomes effective~~operate. ~~Before you invest you should read the prospectus and the other documents CP has filed with the~~ Canadian ~~Securities Commissions and the SEC for more complete~~Pacific ~~information~~is ~~about~~proud CPto ~~and~~be the ~~offering.~~official ~~You~~rail ~~may~~freight ~~obtain~~services ~~these~~provider ~~documents~~ for ~~free by visiting SEDAR at www.sedar.com or~~ the ~~SEC’s~~Vancouver ~~website~~2010 atOlympic ~~www.sec.gov. You may also obtain copies of these~~and ~~documents~~Paralympic byWinter ~~calling CP’s Investor Relations department at the telephone number listed above~~Games.

About Borealis Infrastructure

Borealis Infrastructure identifies, invests in and manages infrastructure assets on behalf of OMERS. Borealis has been in the infrastructure business since 1999 and has developed a diversified portfolio of infrastructure assets in Canada and globally with an enterprise value of over $40 billion.

About OMERS

OMERS is one of Canada’s largest pension funds with an established track record of strong and steady performance and with investments in a wide range of companies and assets around the world. OMERS provides retirement benefits to over 390,000 members from the local government sector in Ontario.

Contacts:


Media Canadian Pacific Mike LoVecchio Tel.: (778) 772-9636 email: mike_lovecchio@cpr.ca		Investment Community Janet Weiss, Assistant Vice-President Investor Relations Tel.: (403) 319-3591 email: investor@cpr.ca

Borealis and OMERS John Pierce Tel: (416) 350-6784 Email: jpierce@omers.com

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