CANADIAN PACIFIC RAILWAY LTD. $39 (Toronto symbol CP, Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 153.8 million; Market cap: $6.0 billion; Price-to-sales ratio: 1.2; SI Rating: Above average) is down 48.0% from $75.00 in May, 2008 on fears that falling prices for coal and agricultural products will hurt its earnings. However, CP should gain from lower fuel prices. CP Rail is a buy.