Canadian Pacific Profits Leap Despite US Tariffs and Looming Merger Prospect

Canadian Pacific Profits Leap Despite US Tariffs and Looming Merger Prospect
A CPKC locomotive is seen on a train at the Canadian Pacific Kansas City train yard in Mexico City, on Sept. 19, 2025. The Canadian Press/Adrian Wyld
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Canadian Pacific Kansas City Ltd. reported a big profit boost in its latest quarter despite U.S. tariff disruption and fears over fallout from a potential merger of rivals down the line.

The railway saw net income for the quarter ended Sept. 30 rise 10 percent year-over-year to $917 million. Revenues increased three percent to $3.66 billion on the back of higher shipping volumes.