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Canadian Pacific Railway

The Canadian Pacific Railway company was incorporated in 1881. Its original purpose was the construction of a transcontinental railway, a promise to British Columbia upon its entry into Confederation. The railway — completed in 1885 — connected Eastern Canada to BC and played an important role in the development of the nation. Built in dangerous conditions by thousands of labourers (including 15,000 Chinese temporary workers), the railway facilitated communications and transportation across the country. Over its long history, CPR diversified, establishing hotels, shipping lines and airlines, and developed mining and telecommunications industries. In 2001, Canadian Pacific separated into five separate and independent companies, with Canadian Pacific Railway returning to its origins as a railway company. CP, as it is branded today, has over 22,500 km of track across Canada and the United States. It is a public company and trades on the Toronto Stock Exchange and New York Stock Exchange under the symbol CP. In 2016, CP had $6.2 billion in revenue and $1.6 billion in profit and held assets valued at $19.2 billion.