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CP units to start trading on TSE Tuesday

Published on August 20th, 2001; Published on January 24th, 2011

Shares of Canadian Pacific Ltd.'s components begin trading on the Toronto Stock Exchange on Tuesday, although they will not break off and officially become separate companies until the fall.

Topics :: TSE , Revenue Canada , PanCanadian Energy

The Calgary-based conglomerate is still awaiting approval from a shareholder vote and a tax ruling from Revenue Canada.

Analysts remain unsure as to how much success will come from the five units -- PanCanadian Energy Corp., Fairmont Hotels & Resorts Inc., Canadian Pacific Railway Co., CP Ships Holdings Inc. and coal miner Fording Inc. -- but most agree it may initially be a rocky few months.

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