Mr. Myron Becker reports

CANADIAN PACIFIC AND BROTHERHOOD OF RAILWAY CARMEN REACH TENTATIVE DEAL

Canadian Pacific Railway Ltd. has reached a tentative five-year agreement with the Brotherhood of Railway Carmen (BRC-TCU), a division of the Transportation and Communications Union/International Association of Machinists. The BRC represents employees on its wholly owned subsidiary, Soo Line Railroad Company.

Full details of the tentative agreement are being withheld pending ratification by the BRC membership.

"After months of negotiating, we have agreed on a deal that is fair to all stakeholders," said Myron Becker, CP's assistant vice-president, labour relations. "We look forward to a successful ratification vote and to working together with our BRC colleagues."

We seek Safe Harbor.