Canadian Pacific Railway Limited (TSX:CP) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 3,331,921 shares, representing 2.5% of the issued and outstanding share capital. The repurchased shares will be cancelled. The bid is valid up to January 28, 2022. As of January 15, 2021, the company had 133,276,879 shares issue and outstanding.