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April 24 (Reuters) - Canadian Pacific Railway Ltd, Canada's No. 2 rail carrier, reported a 53 percent rise in first-quarter profit as freight revenue rose and it improved its efficiency.
Net income rose to C$217 million ($212 million), or C$1.24 per share, from C$142 million, or 82 Canadian cents per share, a year earlier.
Revenue rose 9 percent to C$1.50 billion.