##### 



EXHIBIT C Certificates Pursuant to 18 U.S.C. Section 1350,
As Adopted Pursuant toSection 906 of the Sarbanes-Oxley Act of 2002  Canadian Pacific Railway Limited In connection with the Annual Report of Canadian Pacific Railway Limited (the Company) on Form
40-F for the period ended December 31, 2004 (the Report) to which this certificate is an exhibit,
I, Robert J. Ritchie, President and Chief Executive Officer of the Company, hereby certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:  1.
    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and  2.
    The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company. Date:  March 7, 2005
    Signed Robert J. RitchieRobert J. Ritchie
President and Chief Executive Officer In connection with the Annual Report of Canadian Pacific Railway Limited (the Company) on Form
40-F for the period ended December 31, 2004 (the Report) to which this certificate is an exhibit,
I, Michael T. Waites, Executive Vice President and Chief Financial Officer of the Company, hereby
certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:  1.
    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and  2.
    The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company. Date:  March 7, 2005
    Signed Michael T. WaitesMichael T. Waites
Executive Vice President and
Chief Financial Officer C-1




---



##### 



Canadian Pacific Railway Company In connection with the Annual Report of Canadian Pacific Railway Company (the Company) on Form
40-F for the period ended December 31, 2004 (the Report) to which this certificate is an exhibit,
I, Robert J. Ritchie, President and Chief Executive Officer of the Company, hereby certify,
pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, that:  1.
    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and  2.
    The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company. Date:  March 7, 2005
    Signed Robert J. RitchieRobert J. Ritchie
President and Chief Executive Officer In connection with the Annual Report of Canadian Pacific Railway Company (the Company) on Form
40-F for the period ended December 31, 2004 (the Report) to which this certificate is an exhibit,
I, Michael T. Waites, Executive Vice President and Chief Financial Officer of the Company, hereby
certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, that:  1.
    The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934; and  2.
    The information contained in the Report fairly presents, in all material respects, the
financial condition and results of operations of the Company. Date:  March 7, 2005
    Signed Michael T. WaitesMichael T. Waites
Executive Vice President and
Chief Financial Officer C-2