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July 28, 2010 8:30 AM, EDT

Canadian Pacific’s 2Q Profit Rises

Canadian freight railroad Canadian Pacific’s second-quarter net income gained 23% to C$166.6 million, or 98 cents per share, from C$135.5 million, or 80 cents, a year earlier.

Revenue rose 19.7% to C$1.23 billion, the rail line said in a statement.

Intermodal revenue rose to C$335.8 million from C$293.3 million, CP said.