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April 28, 2010 8:30 AM, EDT

Canadian Pacific’s 1Q Profit Improves

Canadian freight railroad Canadian Pacific’s first-quarter net income jumped 74% to C$99.8 million, or 59 cents per share, from C$57.3 million, or 36 cents, a year earlier.

Revenue rose 5.2% to C$1.17 billion, the rail line said in a statement.

Intermodal revenue rose to C$312.3 million from C$212.5 million, CP said.