Canadian Duty Free Industry Applauds Government Decision to Increase Canadian Duty Free Allowances
Decision will foster more efficient border traffic flows, benefiting upcoming summer tourism season OTTAWA, March 30, 2012 /PRNewswire/ - The Frontier Duty Free Association -- which represents Canada's land border duty free industry -- applauds the Government of Canada's decision to harmonize Canada's duty free purchase allowances to United States levels. The industry appreciates recent government efforts to create and implement policies that will positively impact the future of Canadian border operations.

Pershing Square Responds to Canadian Pacific Proxy Circular Filing
NEW YORK, March 22, 2012 /PRNewswire/ -- Pershing Square Capital Management, L.P. ("Pershing Square") issued the following statement in response to the management information circular filed today by Canadian Pacific Railway Limited (TSX: CP; NYSE: CP) in respect of its annual meeting of shareholders to be held on May 17, 2012: "Over recent weeks, CP's management and directors have held several dozen meetings with our fellow shareholders. They have also met most of the investment research analysts covering the company, and had full access to the reports those analysts have published.  Nevertheless, this filing makes clear that this Board still does not understand the fundamental Board and management changes that the overwhelming majority ...

Pershing Square Files Proxy Circular for Shareholders of Canadian Pacific
NEW YORK, April 5, 2012 /PRNewswire/ -- Pershing Square Capital Management, L.P. ("Pershing Square") today filed a proxy circular and accompanying letters to shareholders for the election of the Nominees for Management Change to the Board of Directors of Canadian Pacific Railway Limited ("Canadian Pacific") (TSX: CP; NYSE: CP), in connection with Canadian Pacific's upcoming annual meeting of shareholders to be held on May 17th.

Pershing Square Announces Distinguished Railroad Veteran as Seventh Nominee for Management Change
NEW YORK, April 2, 2012 /PRNewswire/ -- Pershing Square Capital Management, L.P. ("Pershing Square") today announced that distinguished North American railroad operations executive, Stephen Tobias, will become the seventh Nominee for Management Change.