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    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001662188</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000016875</issuerCik>
            <issuerName>Canadian Pacific Kansas City Limited</issuerName>
            <secFileNumber>001-01342</secFileNumber>
            <issuerAddress>
                <ns2:street1>7550 Ogden Dale Road S.E. </ns2:street1>
                <ns2:city>Calgary,</ns2:city>
                <ns2:stateOrCountry>A0</ns2:stateOrCountry>
                <ns2:zipCode>T2C 4X9</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>403-319-7000</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>KEITH CREEL</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>COMMON</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Fl.</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>78638</noOfUnitsSold>
            <aggregateMarketValue>6162073.68</aggregateMarketValue>
            <noOfUnitsOutstanding>931059385</noOfUnitsOutstanding>
            <approxSaleDate>07/10/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>07/10/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of Stock Options</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>78638</amountOfSecuritiesAcquired>
            <paymentDate>07/10/2023</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales Plan for KEITH CREEL</name>
                <address>
                    <ns2:street1>7550 Ogden Dale Road S.E. </ns2:street1>
                    <ns2:city>Calgary,</ns2:city>
                    <ns2:stateOrCountry>A0</ns2:stateOrCountry>
                    <ns2:zipCode>T2C 4X9</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>06/14/2023</saleDate>
            <amountOfSecuritiesSold>39319</amountOfSecuritiesSold>
            <grossProceeds>3059210.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales Plan for KEITH CREEL</name>
                <address>
                    <ns2:street1>7550 Ogden Dale Road S.E. </ns2:street1>
                    <ns2:city>Calgary,</ns2:city>
                    <ns2:stateOrCountry>A0</ns2:stateOrCountry>
                    <ns2:zipCode>T2C 4X9</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>06/12/2023</saleDate>
            <amountOfSecuritiesSold>39319</amountOfSecuritiesSold>
            <grossProceeds>2988840.35</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales Plan for KEITH CREEL</name>
                <address>
                    <ns2:street1>7550 Ogden Dale Road S.E. </ns2:street1>
                    <ns2:city>Calgary,</ns2:city>
                    <ns2:stateOrCountry>A0</ns2:stateOrCountry>
                    <ns2:zipCode>T2C 4X9</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/10/2023</saleDate>
            <amountOfSecuritiesSold>78638</amountOfSecuritiesSold>
            <grossProceeds>6414324.27</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales Plan for KEITH CREEL</name>
                <address>
                    <ns2:street1>7550 Ogden Dale Road S.E. </ns2:street1>
                    <ns2:city>Calgary,</ns2:city>
                    <ns2:stateOrCountry>A0</ns2:stateOrCountry>
                    <ns2:zipCode>T2C 4X9</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>04/11/2023</saleDate>
            <amountOfSecuritiesSold>78638</amountOfSecuritiesSold>
            <grossProceeds>6005076.98</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>07/10/2023</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>08/02/2022</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Keith Creel</signature>
        </noticeSignature>
    </formData>
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144
0001662188
XXXXXXXX
LIVE
0000016875
Canadian Pacific Kansas City Limited
001-01342
7550 Ogden Dale Road S.E.
Calgary,
A0
T2C 4X9
403-319-7000
KEITH CREEL
Officer
COMMON
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Fl.
New York
NY
10004
78638
6162073.68
931059385
07/10/2023
NYSE
Common
07/10/2023
Exercise of Stock Options
Issuer
N
78638
07/10/2023
Cash
N
10b5-1 Sales Plan for KEITH CREEL
7550 Ogden Dale Road S.E.
Calgary,
A0
T2C 4X9
Common
06/14/2023
39319
3059210.00
10b5-1 Sales Plan for KEITH CREEL
7550 Ogden Dale Road S.E.
Calgary,
A0
T2C 4X9
Common
06/12/2023
39319
2988840.35
10b5-1 Sales Plan for KEITH CREEL
7550 Ogden Dale Road S.E.
Calgary,
A0
T2C 4X9
Common
05/10/2023
78638
6414324.27
10b5-1 Sales Plan for KEITH CREEL
7550 Ogden Dale Road S.E.
Calgary,
A0
T2C 4X9
Common
04/11/2023
78638
6005076.98
07/10/2023
08/02/2022
/s/ Keith Creel