WASHINGTON, D.C. 20549

                                    FORM F-X


A.   Name of issuer or person filing ("Filer"): CANADIAN PACIFIC RAILWAY COMPANY

B.   This is [check one]

     [X] an original filing for the Filer

     [ ] an amended filing for the Filer

C.   Identify the filing in conjunction with which this Form is being filed:

     Name of registrant:           CANADIAN PACIFIC RAILWAY COMPANY

     Form type:                    FORM F-9

     File Number (if known):       (NOT AVAILABLE)

     Filed by:                     CANADIAN PACIFIC RAILWAY COMPANY

     Date Filed (if filed
     concurrently, so indicate):   APRIL 24, 2007 (CONCURRENTLY WITH
                                                   THIS FORM F-X)

D.   The Filer is  incorporated  or organized  under the laws of CANADA and has
its principal place of business at

                  SUITE 500, 401-9TH AVENUE S.W.
                  CALGARY, ALBERTA
                  CANADA T2P 4Z4
                  TELEPHONE: (403) 319-7000

E.   The Filer designates and appoints CT CORPORATION SYSTEM ("Agent"), located

                  111-8TH AVENUE
                  NEW YORK, NEW YORK 10011
                  TELEPHONE: (212) 894-8940

as the agent of the  Filer  upon whom may be  served  any  process,  pleadings,
subpoenas, or other papers in

     (a)    any  investigation or  administrative  proceeding  conducted by the
            Commission; and

     (b)    any civil suit or action brought  against the Filer or to which the
            Filer  has  been  joined  as  defendant  or   respondent,   in  any
            appropriate  court in any place subject to the  jurisdiction of any
            state or of

            the United States, or of any of its territories or possessions,  or
            of the District of Columbia, where the investigation, proceeding or
            cause of action  arises out of or relates  to or  concerns  (i) any
            offering  made  or  purported  to be made in  connection  with  the
            securities registered by the Filer on Form F-9 on April 24, 2007 or
            any  purchases  or sales of any security in  connection  therewith;
            (ii) the  securities in relation to which the obligation to file an
            annual  report on Form 40-F  arises,  or any  purchases or sales of
            such  securities;  (iii) any tender offer for the  securities  of a
            Canadian issuer with respect to which filings are made by the Filer
            with the Commission on Schedule 13E-4F,  14D-1F or 14D-9F;  or (iv)
            the  securities  in  relation  to which the Filer  acts as  trustee
            pursuant to an exemption under Rule 10a-5 under the Trust Indenture
            Act of 1939.  The Filer  stipulates  and agrees that any such civil
            suit or action or administrative proceeding may be commenced by the
            service  of process  upon,  and that  service of an  administrative
            subpoena  shall be effected by service  upon such agent for service
            of process,  and that service as aforesaid  shall be taken and held
            in all courts and administrative  tribunals to be valid and binding
            as if personal service thereof had been made.

F.   The Filer  stipulates and agrees to appoint a successor  agent for service
of process and file an amended  Form F-X if the Filer  discharges  the Agent or
the Agent is  unwilling  or unable to accept  service on behalf of the Filer at
any time  until  six years  have  elapsed  from the date the  Filer has  ceased
reporting  under  the  Securities  Exchange  Act of  1934.  The  Filer  further
undertakes to advise the Commission  promptly of any change to the Agent's name
or address during the applicable period by amendment of this Form,  referencing
the file number of the relevant form in conjunction with which the amendment is
being filed.

G.   The  Filer  undertakes  to make  available,  in  person  or by  telephone,
representatives  to respond to inquiries made by the Commission  staff,  and to
furnish promptly, when requested to do so by the Commission staff,  information
relating to the Form F-9, the securities to which the Form F-9 relates, and the
transactions in such securities.


     The  Filer  certifies  that it has duly  caused  this  power of  attorney,
consent,  stipulation  and  agreement  to  be  signed  on  its  behalf  by  the
undersigned,  thereunto duly  authorized,  in the City of Calgary,  Province of
Alberta, Country of Canada, on this 24th day of April, 2007.

                                    CANADIAN PACIFIC RAILWAY COMPANY

                                    By: /s/ Tracy Robinson
                                        Name:  Tracy Robinson
                                        Title: Vice President & Treasurer


     This statement has been signed by the following person in the capacity and
on the date indicated.

                                    CT CORPORATION SYSTEM

                                    As Agent for Service of Process for
                                    Canadian Pacific Railway Company

                                    By: /s/ M.J. Mitchell
                                        Name:  M.J. Mitchell
                                        Title: Vice President

                                    Date:  April 24, 2007