In October 2001, CPR completed the corporate spin-offs of each of the remaining businesses it had not sold, including Canadian Pacific Railway Limited.
The first hotels were originally built in 1886 primarily to provide meal service for passengers in the Rocky Mountains where railway grades were too severe to justify the operation of Dining Cars.
CPR's hotel network later expanded to include the Château Frontenac in Quebec City, Quebec, Chateau Lake Louise on Lake Louise in Alberta, the Banff Springs Hotel in Banff, Alberta, The Empress in Victoria, British Columbia, the Royal York in Toronto, Ontario, and The Algonquin in St. Andrews, New Brunswick among others.
Formed by a group of businessmen, the company was formally established in May 1881 under President George Stephen.
Changes brought on by deregulation caused great difficulties for all major trucking companies in Canada and eventually employees bought out CP in 1994 to form Interlink Freight Systems.
However, competition from non-union companies and owner-operators was relentless, this and other difficulties on the US side finally brought about its demise.
CP purchased ten "bush plane" companies in the early 1940s and merged them to establish Canadian Pacific Air Lines in 1942 to service western Canada and the Far East routes.
In 1883, a CPR crew accidentally discovered natural gas near Medicine Hat, Alberta.
In 1912, CPR set up its Department of Natural Resources in Calgary to manage its timber, oil, gas, and mineral rights as well as land sales and immigration and colonization activities.
[4] PanCanadian was spun off by CP in 2002 and later merged with Alberta Energy Corporation to form EnCana (now Ovintiv).
Until the end of their history right before they were bought by Hapag Lloyd, almost all the acquisitions were retained as separate brands.
In 1998, acquisitions of Ivaran (which was not retained as a separate brand) and Australia New Zealand Direct Line were completed.