OREANDA-NEWS. Canadian Pacific Railway Limited company expects revenue growth to be 2-3 percent, operating ratio to be below 62 percent, and 2015 annual adjusted diluted EPS of CAD 10.00 to CAD 10.40.

Key assumptions for the updated full year 2015 financial expectations include:
* Canadian to U.S. dollar average exchange rate of CAD 1.25
* An effective income tax rate (excluding discrete items) of 27.5 percent
* Defined benefit pension expense of approximately CAD 35 million, compared with 2014 pension income of CAD 52 million
* Capital expenditures of approximately CAD 1.5 billion
* Average On Highway Diesel ("OHD") price of US  USD 2.80- USD 2.90
* Current share repurchase plan expected to be completed by calendar year-end

Further, CP will no longer be exempt from the regular SEC reporting requirements in 2016 because a majority of its board was comprised of U.S. citizens or residents as of June 30, 2015 (the relevant date for determining foreign private issuer status for U.S. SEC reporting purposes in 2016). This follows a determination that the resignation of Stephen Tobias from the board occurred on July 3, 2015.

Accordingly, CP plans to follow the regular SEC reporting requirements effective January 1, 2016, file an annual report on Form 10-K for the year ended December 31, 2015 and file regular periodic reports under both Canadian and U.S. law thereafter.