From Reuters: Canadian Pacific posts 20.4 percent rise in profit, appoints new CEO

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Canadian Pacific Railway Ltd (CP.TO) (CP.N), Canada’s No. 2 railroad operator, reported a 20.4 percent jump in quarterly profit on Wednesday, and said Keith Creel will become the company’s chief executive, replacing Hunter Harrison.

CP’s profit rose to C$384 million ($290 million), or C$2.61 per share, in the three months ended Dec. 31, from C$319 million, or C$2.08 per share, a year earlier.

Revenue fell about 3 percent to C$1.6 billion.

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