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RBC Dominion Securities maintains Canadian Pacific Railway's outperform rating with C$115 target, takes 'highly positive view' on CP's combination with Kansas City Southern, and views C$1B in announced synergies as achievable

Iowa's Clinton City Council approves consideration of US$1M for its support of Canadian Pacific and Kansas City Southern railroad merger; if agreement is reached, funds to go toward equipping railroad crossings with flashing lights, gates at all quadrants

Canadian Pacific Railway receives necessary regulatory approval from the Committee on Foreign Investment in the US for its proposed merger with Kansas City Southern; US Surface Transportation Board is expected to complete its proposal review in early 2023

US Surface Transportation Board drafts Environmental Impact Statement for Canadian Pacific, Kansas City Southern merger; EIS analyzes impacts of increases in rail traffic of up to approximately 14.4 trains/day on lines between Chicago and Laredo, Texas

Aldermen in Davenport, Iowa, to vote on US$10M proposal from Canadian Pacific, which would prevent city from opposing merger with Kansas City Southern; funds to go to infrastructure upgrades to combat noise, safety issues and a bridge for vehicle traffic

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