Canadian Pacific rolls C$650m into pensions

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CANADA - The Canadian Pacific Railway Company is to raise $350m through a debt offering and put the proceeds towards a C$650m ($630.6m) pension payment.

The company will issue 4.45% notes due March 15, 2023 in the US. It said proceeds of  $346m, combined with company coffers, will go towards pre-funding its defined benefit pension plan. The comp...

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