CP 2020 ANNUAL REPORT 136 Pursuant to the requirements of Section 13 or 15(d) of the  Securities Exchange Act of 1934 , the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Each of the undersigned do hereby appoint each of Nadeem Velani and Jeffrey J. Ellis, his or her true and lawful attorney-in-fact and agent, to sign on his or her behalf the Company’s Annual Report on Form 10-K, for the year ended December 31, 2020, and any and all amendments thereto, and to file the same, with all exhibits thereto, with the Securities and Exchange Commission. Dated: February 18, 2021 Pursuant to the requirements of the  Securities Exchange Act of 1934 , this report has been signed below by the following persons on behalf of the Company and in the capacities indicated on February 18, 2021. Signature Title /s/ KEITH CREEL Chief Executive Officer and Director Keith Creel (Principal Executive Officer) /s/ NADEEM VELANI Executive Vice-President and Chief Financial Officer Nadeem Velani (Principal Financial Officer) /s/ ISABELLE COURVILLE Chair of the Board of Directors Isabelle Courville /s/ JOHN R. BAIRD Director John R. Baird /s/ GILLIAN H. DENHAM Director Gillian H. Denham /s/ EDWARD R. HAMBERGER Director Edward R. Hamberger /s/ REBECCA MACDONALD Director Rebecca MacDonald /s/ EDWARD L. MONSER Director Edward L. Monser /s/ MATTHEW H. PAULL Director Matthew H. Paull /s/ JANE L. PEVERETT Director Jane L. Peverett /s/ ANDREA ROBERTSON Director Andrea Robertson /s/ GORDON T. TRAFTON Director Gordon T. Trafton (Registrant) By: /s/ KEITH CREEL Keith Creel Chief Executive Officer CANADIAN PACIFIC RAILWAY LIMITED POWER OF ATTORNEY SIGNATURES