Canadian Pacific Kansas City (CP) risk factors

Item 1A of every Canadian Pacific Kansas City Ltd. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
24 risks7 reworded
Tariff, quota, and trade-agreement risks now specifically include the scheduled 2026 USMCA review and potential North American supply-chain disruption.
Filed Feb 26, 2026
FY2024 10-K risk factors
8 risks
Integration costs and STB conditions from the KCS acquisition dominate the risk profile. Regulatory vulnerability in Mexico centers on the SICT concession termination risk. Carbon pricing regulations and environmental laws pose substantial cost threats.
Filed Feb 27, 2025