<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <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>39318</noOfUnitsSold>
            <aggregateMarketValue>2862350.40</aggregateMarketValue>
            <noOfUnitsOutstanding>931790690</noOfUnitsOutstanding>
            <approxSaleDate>11/10/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>11/10/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of Stock Options</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>39318</amountOfSecuritiesAcquired>
            <paymentDate>11/10/2023</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>10/10/2023</saleDate>
            <amountOfSecuritiesSold>39318</amountOfSecuritiesSold>
            <grossProceeds>2879999.70</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>09/11/2023</saleDate>
            <amountOfSecuritiesSold>39318</amountOfSecuritiesSold>
            <grossProceeds>3049733.29</grossProceeds>
        </securitiesSoldInPast3Months>
        <remarks>Sales that were executed on November 10th, 2023 are being reported on this Form 144 filed on November 13th, 2023 given the EDGAR system was not accepting filings on November 10th in observance of the federal holiday.</remarks>
        <noticeSignature>
            <noticeDate>11/10/2023</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>08/02/2022</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Keith Creel</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
[{"type": "144", "sequence": "1", "filename": "primary_doc.xml", "secsgml_size_bytes": 5011}]
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
39318
2862350.40
931790690
11/10/2023
NYSE
Common
11/10/2023
Exercise of Stock Options
Issuer
N
39318
11/10/2023
Cash
N
10b5-1 Sales Plan for KEITH CREEL
7550 Ogden Dale Road S.E.
Calgary,
A0
T2C 4X9
Common
10/10/2023
39318
2879999.70
10b5-1 Sales Plan for KEITH CREEL
7550 Ogden Dale Road S.E.
Calgary,
A0
T2C 4X9
Common
09/11/2023
39318
3049733.29
Sales that were executed on November 10th, 2023 are being reported on this Form 144 filed on November 13th, 2023 given the EDGAR system was not accepting filings on November 10th in observance of the federal holiday.
11/10/2023
08/02/2022
/s/ Keith Creel