Canadian Pacific Railway Ltd.
▪ Canadian companyprivately owned company that operates one of Canada's two transcontinental railroad systems. The company was established to complete a transcontinental railroad that the government had begun under the agreement by which British Columbia entered the confederation in 1871. The main line from Montreal to Port Moody, British Columbia (a Vancouver suburb), was completed on Nov. 7, 1885. The company later absorbed other railroads, including several in the United States, and operated maritime interests that ranged from paddle wheelers and steamships on interior waterways to a Pacific Ocean shipping fleet.Canadian Pacific initially received a land grant of 25 million acres (10 million hectares). Over the years it acquired assets in mining and smelting and in timber. In 1956 it set out to develop these assets, establishing subsidiaries in oil and gas, minerals, fertilizers, food products, forest products, real estate, hotels, finance, trucking, telecommunications, shipping lines, and airlines. These assets were centralized in a holding company, Canadian Pacific Investments Ltd., in 1962 (renamed Canadian Pacific Ltd. in 1971). Canadian Pacific's passenger services were taken over in 1978 by the crown corporation VIA Rail Canada (VIA Rail Canada, Inc.).For much of the company's history, most of its owners lived outside Canada, but this began to change after World War II as more Canadians began to invest in the company. By the late 20th century, about two-thirds of the voting rights were held by Canadian investors.In 1980 the company became Canadian Pacific Enterprises Ltd., whose subsidiaries included Canadian Pacific Hotels (merged with Fairmont Hotels in 1999), CP Ships, PanCanadian Energy, and Fording Coal. The parent company divested its remaining interests in 2001, with Canadian Pacific Railway being spun off as a separate business. At the beginning of the 21st century, the railroad's transcontinental network served ports in Montreal and Vancouver, and it extended into U.S. cities such as Chicago, Washington, D.C., Philadelphia, and Buffalo, New York. See also Canadian National Railway (Canadian National Railway Company).
* * *
Look at other dictionaries:
Canadian Pacific Railway Ltd. — Canadian Pacific Railway Limited (tsx|CP NYSE|CP) is a Canadian rail transportation company that operates the Canadian Pacific Railway. It was created in 2001 when the CPR s former parent company, Canadian Pacific Limited, spun off its railway… … Wikipedia
Canadian Pacific Railway Ltd. (CPR) — Privately owned company that operates one of Canada s two transcontinental railroad systems. The company was created in 1881 to complete a railroad from Montreal to Port Moody in British Columbia. Its passenger services were taken over by VIA… … Universalium
Canadian Pacific Railway — Ltd. Rechtsform Aktiengesellschaft (Kanada) ISIN CA13645T1003 Gründung 1881 Sitz … Deutsch Wikipedia
Canadian Pacific Railway — Тип публичная компания Год основания 1881 Расположение … Википедия
Canadian Pacific Railway — Infobox SG rail railroad name=Canadian Pacific Railway logo filename=Canadian Pacific Logo 1996.png logo size=162 system map size=300 map caption=Canadian Pacific system map as of 2004 (does not include DM E and IC E trackage). old gauge=… … Wikipedia
Canadian Pacific Limited — was created in 1971 to own properties formerly owned by Canadian Pacific Railway, a transportation and mining giant in Canada. In October 2001, CP decided to spin off the remaining businesses it had not recently sold off, thus creating separate… … Wikipedia
Canadian National Railway Company — ▪ Canadian company corporation created by the Canadian government in 1918 to operate a number of nationalized railroads (including the old Grand Trunk lines, the Intercolonial Railway, the National Transcontinental Railway, and the Canadian … Universalium
Canadian National Railway — Canadian National system map … Wikipedia
Canadian Pacific Steamship Company — Trois bateaux à vapeur de la CPSC, le canadienne dont le siège était situé à la Cité de Westminster, à Londres. Fondée en 1891 à partir d une branche du Canadien Pacifique (CP), elle devient en 1971 la CP Ships Ltd.. En 2001, la compagnie est… … Wikipédia en Français
Duluth, Winnipeg and Pacific Railway — Reporting mark DWP Locale northern Minnesota Dates of ope … Wikipedia