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<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">As filed with the Securities and Exchange Commission on February 14, 2006</FONT></B>
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      <font size="2"><B><FONT BASESIZE=2 BASEFACE="serif" face="serif">Registration No. 333-</FONT></B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        </font></TD>
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<FONT BASESIZE=5 size=4 BASEFACE="serif" face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT>
        </TD>
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        <TD align=center width=99%>
<FONT size="3" face="serif" BASEFACE="serif">Washington, D.C. 20549</FONT>
        </TD>
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        <TD colspan=1 width=100%>
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<FONT BASESIZE=5 size=4 BASEFACE="serif" face="serif">FORM S-8</FONT>
        </TD>
</TR>
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        <TD align=center width=99%>
<FONT size="3" face="serif" BASEFACE="serif">REGISTRATION STATEMENT</FONT>
        </TD>
</TR>
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        <TD align=center width=99%>
<FONT size="3" face="serif" BASEFACE="serif">UNDER</FONT>
        </TD>
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        <TD align=center width=99%>
<FONT size="3" face="serif" BASEFACE="serif">THE SECURITIES ACT OF 1933</FONT>
        </TD>
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  <TD align=center>&nbsp;</TD>
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        <TD width=99% align=center>
<FONT BASESIZE=5 size=5 BASEFACE="serif" face="serif">CANADIAN NATIONAL RAILWAY COMPANY</FONT>
        </TD>
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        <TD align=center width=99%>
<FONT BASESIZE=1 size=2 BASEFACE="serif" face="serif">(Exact Name of Registrant as Specified in Its Charter)</FONT>
        </TD>
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</TABLE>
<div align="center"><BR>
  <TABLE border=0 width=85% cellspacing=0 cellpadding=0>
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      <TD width=33% align=center>
    <B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">CANADA</FONT></B>
      </TD>
      <TD width=32%><font size="2">&nbsp;</font>
      </TD>
      <TD width=35% align=center>
    <B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">980018609</FONT></B>
      </TD>
    </TR>
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      <TD width=33% align=center>
    <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(State or other jurisdiction of</FONT>
      </TD>
      <TD width=32%><font size="2">&nbsp;</font>
      </TD>
      <TD width=35% align=center>
    <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(I.R.S. Employer</FONT>
      </TD>
    </TR>
    <TR valign="bottom">
      <TD width=33% align=center>
    <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">incorporation or organization)</FONT>
      </TD>
      <TD width=32%><font size="2">&nbsp;</font>
      </TD>
      <TD width=35% align=center>
    <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Identification Number)</FONT>
      </TD>
    </TR>
  </TABLE>
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        <TD GUTTER width=100% align=center> <b><font basesize=2 size=2 baseface="serif" face="serif">935
              de La Gaucheti&egrave;re St. West</font></b>

        </TD>
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        <TD align=center width=100%>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Montr&eacute;al, Qu&eacute;bec</FONT></B>
        </TD>
  </TR>
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        <TD align=center width=100%>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Canada H3B 2M9</FONT></B>
        </TD>
  </TR>
<TR valign="bottom">
        <TD GUTTER width=100% align=center> <font basesize=1 size=2 baseface="serif" face="serif">(Address,
            including zip code, and telephone number, including area code, of Registrant's
            principal executive offices)</font>

        </TD>
  </TR>
<TR valign="bottom">
  <TD GUTTER align=center><HR align="center" width="15%" size=1 noshade></TD>
</TR>
<TR valign="bottom">
        <TD GUTTER width=100% align=center> <b><font size="4" face="serif" baseface="serif">1996
              MANAGEMENT LONG-TERM INCENTIVE PLAN</font></b>

        </TD>
  </TR>
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        <TD align=center width=100%>
<FONT BASESIZE=1 size=1 BASEFACE="serif" face="serif">(Full title of the plan)</FONT>
        </TD>
  </TR>
<TR>
        <TD width=100% align="center">
      <HR align="center" width="15%" size=1 noshade>
        </TD>
  </TR>
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        <TD align=center width=100%>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Sean Finn</FONT></B>
        </TD>
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        <TD align=center width=100%>
<B><FONT size="2" face="serif" BASEFACE="serif">Canadian National Railway Company</FONT></B>
        </TD>
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        <TD align=center width=100%>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">935 de La Gaucheti&egrave;re St. West</FONT></B>
        </TD>
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<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Montr&eacute;al, Qu&eacute;bec</FONT></B>
        </TD>
  </TR>
<TR valign="bottom">
        <TD align=center width=100%>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Canada H3B 2M9</FONT></B>
        </TD>
  </TR>
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        <TD GUTTER width=100% align=center>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(514)
<B>399-7091</B> </FONT></B>
        </TD>
  </TR>
<TR valign="bottom">
        <TD GUTTER width=100% align=center> <b><font basesize=1 size=2 baseface="serif" face="serif">(Name,
              address, including zip code, and telephone number, including area code,
              of agent for service)</font></b>

        </TD>
  </TR>
<TR valign="bottom">
        <TD align=center width=100%>&nbsp;</TD>
  </TR>
</TABLE>
<div align="center"><B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">CALCULATION OF REGISTRATION
FEE</FONT></B></div>
<TABLE border=1 width=100% cellspacing=5 cellpadding=5>
<TR valign="bottom">
        <TD width=32% align=center>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Title of Each Class<br>
of Securities to be
Registered</FONT></B></TD>
        <TD width=17% align=center>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Amount to be<br>
Registered(1)</FONT></B></TD>
        <TD width=17% align=center>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Proposed<br>
Maximum<br>
Offering
Price<br>
Per Share(2)</FONT></B></TD>
        <TD width=17% align=center>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Proposed<br>
Maximum<br>
Aggregate<br>
Offering Price(2)</FONT></B></TD>
        <TD width=17% align=center>
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Amount of<br>
Registration<br>
Fee</FONT></B></TD>
</TR>
<TR valign="bottom">
        <TD width=32% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Common Stock</FONT></TD>
        <TD width=17% align=center>
      <font size="2"><FONT BASESIZE=2 BASEFACE="serif" face="serif">7,500,000</FONT></font>
        </TD>
        <TD width=17% align=center>
<FONT BASESIZE=1 size=2 BASEFACE="serif" face="serif">&#36;89.61</FONT></TD>
        <TD width=17% align=center>
<FONT BASESIZE=1 size=2 BASEFACE="serif" face="serif">&#36;672,075,000</FONT>
        </TD>
        <TD width=17% align=center>
<FONT BASESIZE=1 size=2 BASEFACE="serif" face="serif">&#36;71,912.03</FONT>
        </TD>
</TR>
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<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
        <TD width="5%" valign=top nowrap>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(1)</FONT>&nbsp; &nbsp; &nbsp;    </TD>
        <TD width=95%>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Plus an indeterminate number of additional shares which may be offered and issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.</FONT>        </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
        <TD width="5%" valign=top nowrap>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(2)</FONT>&nbsp; &nbsp; &nbsp;    </TD>
        <TD width=95%>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Estimated pursuant to Rules 457(h) and 457(c) under the Securities Act of 1933, as amended (the &#147;1933 Act&#148;), solely for the purpose of computing the registration fee, based
on the average of the high and low prices of the securities being registered hereby on the New York Stock Exchange on February 8, 2006.</FONT>  </TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>

<BR>
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<PAGE><BR>
<BR>


<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">EXPLANATORY NOTE</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">A Registration Statement was filed on July 11, 1996 (Registration No. 333-3258) (the &#147;Prior Registration Statement&#148;), to register under the 1933 Act shares
of Canadian National Railway Company (the &#147;Company&#148;) common stock (the &#147;Common Stock&#148;), issuable under the Management Long-Term Incentive Plan (the &#147;Plan&#148;). This Registration Statement has been prepared and filed
pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of effecting the registration under the 1933 Act of an additional 7,500,000 shares of Common Stock that have been issued or are issuable under
the Plan at any time or from time to time.</FONT></P>

<BR><BR><HR noshade align="center" width="100%" size=3><PAGE><BR><BR>


<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">PART II</FONT></B></P>
<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></B></P>
<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Pursuant to General Instruction E to Form S-8, the Company incorporates by reference the contents of the Prior Registration Statement.</FONT></P>
<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Certain legal matters with respect to the offering of the shares of Common Stock registered hereby have been passed upon by Sean Finn, Esq., Senior Vice-President
Public Affairs, Chief Legal Officer and Corporate Secretary of the Company. Mr. Finn owns Company Common Stock and holds employee stock options to purchase Company Common Stock.</FONT></P>
<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">ITEM 8. EXHIBITS.</FONT></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD width=5% align=left>&nbsp;</TD>
        <TD width=7% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Exhibit<br>
<U>Number</U></FONT></TD>
        <TD width=4%>&nbsp;
        </TD>
        <TD width=60% align=center> <U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Exhibit</FONT></U></TD>
    <TD width=24% align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD width=5% align=left>&nbsp;</TD>
        <TD width=7% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">5</FONT>
        </TD>
        <TD width=4%>&nbsp;
        </TD>
        <TD width=60% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Opinion of Sean Finn, Senior
Vice-President Public Affairs, Chief Legal Officer</FONT>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">&amp; Corporate</FONT><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif"> Secretary</FONT>     </TD>
    <TD width=24% align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD width=5% align=left>&nbsp;</TD>
        <TD width=7% align=left>&nbsp;

        </TD>
        <TD width=4%>&nbsp;
        </TD>
        <TD width=60% align=left>&nbsp;</TD>
    <TD width=24% align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD width=5% align=left>&nbsp;</TD>
        <TD width=7% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">23.1</FONT>
        </TD>
        <TD width=4%>&nbsp;
        </TD>
        <TD width=60% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Consent of KPMG LLP</FONT>
        </TD>
    <TD width=24% align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD width=5% align=left>&nbsp;</TD>
        <TD width=7% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">23.2</FONT>
        </TD>
        <TD width=4%>&nbsp;
        </TD>
        <TD width=60% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Consent of Sean Finn, Senior
Vice-President Public Affairs, Chief Legal Officer</FONT>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">&amp; Corporate</FONT><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif"> Secretary
(included in Exhibit 5)</FONT>  </TD>
    <TD width=24% align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD width=5% align=left>&nbsp;</TD>
        <TD width=7% align=left>&nbsp;

        </TD>
        <TD width=4%>&nbsp;
        </TD>
        <TD width=60% align=left>&nbsp;</TD>
    <TD width=24% align=left>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD width=5% align=left>&nbsp;</TD>
        <TD width=7% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">24</FONT>
        </TD>
        <TD width=4%>&nbsp;
        </TD>
        <TD width=60% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Power of attorney (included on the signature page of this Registration Statement)</FONT>
        </TD>
    <TD width=24% align=left>&nbsp;</TD>
</TR>
</TABLE>
<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">ITEM 9. UNDERTAKINGS</FONT></B></P>
<P align="left">
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">A. The undersigned registrant hereby undertakes:</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(1) That, for the purpose of determining liability under the 1933 Act to any purchaser:</FONT></P>
<blockquote>
  <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(i) If the registrant is relying on Rule 430B:</FONT></p>
  <blockquote>
    <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus
      was deemed part of and included in the registration statement; and </FONT></p>
    <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(B)
        Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5),
        or (b)(7) as part of a registration statement in reliance on Rule 430B
        relating to an  offering made pursuant to Rule 415(a)(1)(i), (vii), or
        (x) for the purpose of providing the information required by section
        10(a) of the 1933 Act shall be deemed to be part of and included in the
        registration statement as of the  earlier of the date such form of prospectus
        is first used after effectiveness or the date of the first contract of
        sale of securities in the offering described in the prospectus. As provided
        in Rule 430B, for liability purposes of the issuer and any  person that
        is at that date an underwriter, such date shall be deemed to be a new
        effective date of the registration statement relating to the securities
        in the registration statement to which that prospectus relates, and the
        offering of such  securities at that time shall be deemed to be the initial <I>bona
        fide</I> offering
        thereof. <I>Provided, however</I>,
        that no statement made in a </FONT></p>
  </blockquote>
</blockquote>
<BR><BR><HR noshade align="center" width="100%" size=3><PAGE><BR><BR>


<blockquote>
  <blockquote>
    <p align="left">
      <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">registration statement
      or prospectus that is part of the registration statement or made in a document
      incorporated or deemed incorporated by reference into the registration
      statement or prospectus that is part of the registration statement will,
      as to a purchaser with a time of contract of sale prior to such effective
      date, supersede or modify any statement that was made in the registration
      statement or prospectus that was part of the registration statement or
      made in any such document immediately prior to such effective date; or</FONT></p>
  </blockquote>
  <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(ii) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than
  registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. </FONT><I><FONT
BASESIZE=2 size=2 BASEFACE="serif" face="serif">Provided, however</FONT></I><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">, that no statement made in a registration statement or prospectus that is part of the registration statement or made
  in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or
  modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.</FONT></p>
</blockquote>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(2) That, for the purpose of determining liability of the registrant under the 1933 Act to any purchaser in the initial distribution of the
securities:</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of
the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of the following communications, the undersigned registrant will be a seller to the purchaser and will be
considered to offer or sell such securities to such purchaser:</FONT></P>
<blockquote>
  <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(i) any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</FONT></p>
  <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned
    registrant;</FONT></p>
  <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities
    provided by or on behalf of the undersigned registrant; and</FONT></p>
  <p align="left"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(iv) any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</FONT></p>
</blockquote>
<BR><BR><HR noshade align="center" width="100%" size=3><PAGE><BR><BR>


<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">SIGNATURES</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">The
Registrant. </FONT></I><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Pursuant
to the requirements of the 1933 Act, the registrant, Canadian National Railway
Company, certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned duly authorized representative,
in Montreal, Quebec, Canada, on this 14th day of February, 2006.</FONT></P>
<div align="right">
  <table width="50%" border="0" cellspacing="0" cellpadding="0">
    <tr valign="top">
      <td colspan="3"> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">CANADIAN
      NATIONAL RAILWAY COMPANY</FONT> </td>
    </tr>
    <tr valign="top">
      <td colspan="3"> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">(Registrant)</FONT> </td>
    </tr>
    <tr valign="top">
      <td width="7%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="10%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td width="83%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    </tr>
    <tr valign="top">
      <td width="7%"><font size="2" face="Times New Roman, Times, serif">By:</font></td>
      <td colspan="2"><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/
      Sean Finn</FONT> </td>
    </tr>
    <tr valign="top">
      <td width="7%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td colspan="2"><hr align="left" width=60% size=1 noshade color="#000000"></td>
    </tr>
    <tr valign="top">
      <td width="7%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td colspan="2"><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">      Sean Finn</FONT></td>
    </tr>
    <tr valign="top">
      <td width="7%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
      <td colspan="2"><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Senior
      Vice-President Public Affairs,</FONT></td>
    </tr>
    <tr valign="top">
      <td>&nbsp;</td>
      <td colspan="2"><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Chief
          Legal Officer &amp;</FONT></td>
    </tr>
    <tr valign="top">
      <td>&nbsp;</td>
      <td colspan="2"><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Corporate
          Secretary</FONT></td>
    </tr>
  </table>
</div>
<P align="left">&nbsp;</P>
<BR>

<BR><BR><HR noshade align="center" width="100%" size=3><PAGE><BR><BR>


<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">POWER OF ATTORNEY</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below, constitutes and appoints Claude Mongeau and Sean Finn, and each of them, our true and
lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which said attorneys-in-fact and agents may deem
necessary or advisable in order to enable Canadian National Railway Company to comply with the 1933 Act and any requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing with the Securities and Exchange
Commission of the Registration Statement on Form S-8 under the 1933 Act, including specifically but without limitation, power and authority to sign the name of the undersigned to such Registration Statement, and any amendments to such Registration
Statement (including post-effective amendments), and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, to sign any and all applications, Registration Statements,
notices or other documents in connection therewith with the appropriate state securities authorities, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and to perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them, or
their substitutes, may lawfully do or cause to be done by virtue hereof.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed by the following persons in the capacities and on the dates
indicated.</FONT></P>
<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
<TR valign="bottom">
        <TD width=35% align=left>
<U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Signature</FONT></U>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Title</FONT></U>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=center nowrap> <U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Date</FONT></U>

        </TD>
</TR>
<TR valign="bottom">
  <TD width=35% align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD width=15% align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ E. Hunter Harrison</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">President, and Chief Executive</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">February 6,
2006</FONT>
        </TD>
</TR>
<TR>
        <TD width="35%">
<HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width=40% align=left valign="bottom"> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Officer
            and Director (Principal</FONT> </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">E. Hunter Harrison</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Executive
            Officer)</FONT> </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;</TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Claude Mongeau</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Executive Vice-President and Chief</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">February
        6, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width=40% align=left valign="bottom"> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Financial
            Officer (Principal Financial</FONT> </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Claude Mongeau</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Officer
            and Principal Accounting</FONT> </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Officer)</FONT> </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;</TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ David G.A. McLean</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Chairman of the Board of Directors</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">David G.A. McLean</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Michael R. Armellino</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Michael R. Armellino</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ A. Charles Baillie</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">A. Charles Baillie</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Hugh J. Bolton</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Hugh J. Bolton</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Purdy Crawford</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Purdy Crawford</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ J.V. Raymond Cyr</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">J.V. Raymond Cyr</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
</TABLE>
<BR>

<BR><BR><HR noshade align="center" width="100%" size=3><PAGE><BR>
<br>
<BR>


<TABLE border=0 width=95% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD align=left> <U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Signature</FONT></U> </TD>
    <TD>&nbsp; </TD>
    <TD align=left> <U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Title</FONT></U> </TD>
    <TD>&nbsp; </TD>
    <TD align=center nowrap> <U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Date</FONT></U> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Gordon D. Giffin</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Gordon D. Giffin</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ James K. Gray</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">James K. Gray</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Edith E. Holiday</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Edith E. Holiday</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Maureen Kempston Darkes</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">February
        10, 2006</FONT></TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Maureen Kempston Darkes</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Denis Losier</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Denis Losier</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Edward C. Lumley</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Edward C. Lumley</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Robert Pace</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Director</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">January
        24, 2006</FONT> </TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Robert Pace</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">/s/ Michael Novak</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Authorized U.S. Representative</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">February
        10, 2006</FONT></TD>
</TR>
<TR>
        <TD width="35%">
      <HR align="left" width="80%" size=1 noshade>
        </TD>
        <TD width="5%">
        </TD>
        <TD width="40%">
        </TD>
        <TD width="5%">
        </TD>
        <TD width="15%" nowrap>
        </TD>
</TR>
<TR valign="bottom">
        <TD width=35% align=left>
<FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Michael Novak</FONT>
        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=40% align=left>&nbsp;

        </TD>
        <TD width=5%>&nbsp;
        </TD>
        <TD width=15% align=left nowrap>&nbsp;

        </TD>
</TR>
</TABLE>
<BR>

<BR><BR><HR noshade align="center" width="100%" size=3><PAGE><BR><BR>


<P align="center">
<B><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">EXHIBIT INDEX</FONT></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
  <TR valign="bottom">
    <TD width=5% align=left>&nbsp;</TD>
    <TD width=7% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Exhibit<br>
          <U>Number</U></FONT></TD>
    <TD width=4%>&nbsp; </TD>
    <TD width=60% align=center> <U><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Exhibit</FONT></U></TD>
    <TD width=24% align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width=5% align=left>&nbsp;</TD>
    <TD width=7% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">5</FONT> </TD>
    <TD width=4%>&nbsp; </TD>
    <TD width=60% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Opinion
        of Sean Finn, Senior Vice-President Public Affairs, Chief Legal Officer</FONT> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">&amp; Corporate</FONT><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif"> Secretary</FONT> </TD>
    <TD width=24% align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width=5% align=left>&nbsp;</TD>
    <TD width=7% align=left>&nbsp; </TD>
    <TD width=4%>&nbsp; </TD>
    <TD width=60% align=left>&nbsp;</TD>
    <TD width=24% align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width=5% align=left>&nbsp;</TD>
    <TD width=7% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">23.1</FONT> </TD>
    <TD width=4%>&nbsp; </TD>
    <TD width=60% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Consent
        of KPMG LLP</FONT> </TD>
    <TD width=24% align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width=5% align=left>&nbsp;</TD>
    <TD width=7% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">23.2</FONT> </TD>
    <TD width=4%>&nbsp; </TD>
    <TD width=60% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Consent
        of Sean Finn, Senior Vice-President Public Affairs, Chief Legal Officer</FONT> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">&amp; Corporate</FONT><FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif"> Secretary
        (included in Exhibit 5)</FONT> </TD>
    <TD width=24% align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width=5% align=left>&nbsp;</TD>
    <TD width=7% align=left>&nbsp; </TD>
    <TD width=4%>&nbsp; </TD>
    <TD width=60% align=left>&nbsp;</TD>
    <TD width=24% align=left>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width=5% align=left>&nbsp;</TD>
    <TD width=7% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">24</FONT> </TD>
    <TD width=4%>&nbsp; </TD>
    <TD width=60% align=left> <FONT BASESIZE=2 size=2 BASEFACE="serif" face="serif">Power
        of attorney (included on the signature page of this Registration Statement)</FONT> </TD>
    <TD width=24% align=left>&nbsp;</TD>
  </TR>
</TABLE>
<BR>

<BR><BR><HR noshade align="center" width="100%" size=3><BR><BR>
</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "feb1306_s8.htm", "secsgml_size_bytes": 54129}]
{"company-data": {"conformed-name": "CANADIAN NATIONAL RAILWAY CO", "cik": "0000016868", "assigned-sic": "4011", "irs-number": "980018609", "state-of-incorporation": "A8", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-131856", "film-number": "06617733"}, "business-address": {"street1": "935 DE LA GAUCHETIERE ST W", "street2": "MONTREAL QUEBEC", "city": "CANADA", "state": "A8", "zip": "H3B 2M9", "phone": "5143996569"}, "mail-address": {"street1": "935 DE LA GAUCHETIERE ST WEST", "street2": "MONTREAL QUEBEC", "city": "CANADA H3B 2M9", "state": "A8", "zip": "00000"}}
As filed with the Securities and Exchange Commission on February 14, 2006
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
CANADIAN NATIONAL RAILWAY COMPANY
(Exact Name of Registrant as Specified in Its Charter)
CANADA
980018609
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification Number)
935
              de La Gauchetière St. West
Montréal, Québec
Canada H3B 2M9
(Address,
            including zip code, and telephone number, including area code, of Registrant's
            principal executive offices)
1996
              MANAGEMENT LONG-TERM INCENTIVE PLAN
(Full title of the plan)
Sean Finn
Canadian National Railway Company
935 de La Gauchetière St. West
Montréal, Québec
Canada H3B 2M9
(514)
399-7091
(Name,
              address, including zip code, and telephone number, including area code,
              of agent for service)
CALCULATION OF REGISTRATION
FEE
Title of Each Class
of Securities to be
Registered
Amount to be
Registered(1)
Proposed
Maximum
Offering
Price
Per Share(2)
Proposed
Maximum
Aggregate
Offering Price(2)
Amount of
Registration
Fee
Common Stock
7,500,000
$89.61
$672,075,000
$71,912.03
(1)
Plus an indeterminate number of additional shares which may be offered and issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.
(2)
Estimated pursuant to Rules 457(h) and 457(c) under the Securities Act of 1933, as amended (the "1933 Act"), solely for the purpose of computing the registration fee, based
on the average of the high and low prices of the securities being registered hereby on the New York Stock Exchange on February 8, 2006.
EXPLANATORY NOTE
A Registration Statement was filed on July 11, 1996 (Registration No. 333-3258) (the "Prior Registration Statement"), to register under the 1933 Act shares
of Canadian National Railway Company (the "Company") common stock (the "Common Stock"), issuable under the Management Long-Term Incentive Plan (the "Plan"). This Registration Statement has been prepared and filed
pursuant to and in accordance with the requirements of General Instruction E to Form S-8 for the purpose of effecting the registration under the 1933 Act of an additional 7,500,000 shares of Common Stock that have been issued or are issuable under
the Plan at any time or from time to time.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
Pursuant to General Instruction E to Form S-8, the Company incorporates by reference the contents of the Prior Registration Statement.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Certain legal matters with respect to the offering of the shares of Common Stock registered hereby have been passed upon by Sean Finn, Esq., Senior Vice-President
Public Affairs, Chief Legal Officer and Corporate Secretary of the Company. Mr. Finn owns Company Common Stock and holds employee stock options to purchase Company Common Stock.
ITEM 8. EXHIBITS.
Exhibit
Number
Exhibit
5
Opinion of Sean Finn, Senior
Vice-President Public Affairs, Chief Legal Officer
& Corporate
Secretary
23.1
Consent of KPMG LLP
23.2
Consent of Sean Finn, Senior
Vice-President Public Affairs, Chief Legal Officer
& Corporate
Secretary
(included in Exhibit 5)
24
Power of attorney (included on the signature page of this Registration Statement)
ITEM 9. UNDERTAKINGS
A. The undersigned registrant hereby undertakes:
(1) That, for the purpose of determining liability under the 1933 Act to any purchaser:
(i) If the registrant is relying on Rule 430B:
(A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus
      was deemed part of and included in the registration statement; and
(B)
        Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5),
        or (b)(7) as part of a registration statement in reliance on Rule 430B
        relating to an  offering made pursuant to Rule 415(a)(1)(i), (vii), or
        (x) for the purpose of providing the information required by section
        10(a) of the 1933 Act shall be deemed to be part of and included in the
        registration statement as of the  earlier of the date such form of prospectus
        is first used after effectiveness or the date of the first contract of
        sale of securities in the offering described in the prospectus. As provided
        in Rule 430B, for liability purposes of the issuer and any  person that
        is at that date an underwriter, such date shall be deemed to be a new
        effective date of the registration statement relating to the securities
        in the registration statement to which that prospectus relates, and the
        offering of such  securities at that time shall be deemed to be the initial
bona
        fide
offering
        thereof.
Provided, however
,
        that no statement made in a
registration statement
      or prospectus that is part of the registration statement or made in a document
      incorporated or deemed incorporated by reference into the registration
      statement or prospectus that is part of the registration statement will,
      as to a purchaser with a time of contract of sale prior to such effective
      date, supersede or modify any statement that was made in the registration
      statement or prospectus that was part of the registration statement or
      made in any such document immediately prior to such effective date; or
(ii) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than
  registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness.
Provided, however
, that no statement made in a registration statement or prospectus that is part of the registration statement or made
  in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or
  modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
(2) That, for the purpose of determining liability of the registrant under the 1933 Act to any purchaser in the initial distribution of the
securities:
The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of
the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of the following communications, the undersigned registrant will be a seller to the purchaser and will be
considered to offer or sell such securities to such purchaser:
(i) any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii) any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned
    registrant;
(iii) the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities
    provided by or on behalf of the undersigned registrant; and
(iv) any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
SIGNATURES
The
Registrant.
Pursuant
to the requirements of the 1933 Act, the registrant, Canadian National Railway
Company, certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned duly authorized representative,
in Montreal, Quebec, Canada, on this 14th day of February, 2006.
CANADIAN
      NATIONAL RAILWAY COMPANY
(Registrant)
By:
/s/
      Sean Finn
Sean Finn
Senior
      Vice-President Public Affairs,
Chief
          Legal Officer &
Corporate
          Secretary
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below, constitutes and appoints Claude Mongeau and Sean Finn, and each of them, our true and
lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which said attorneys-in-fact and agents may deem
necessary or advisable in order to enable Canadian National Railway Company to comply with the 1933 Act and any requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing with the Securities and Exchange
Commission of the Registration Statement on Form S-8 under the 1933 Act, including specifically but without limitation, power and authority to sign the name of the undersigned to such Registration Statement, and any amendments to such Registration
Statement (including post-effective amendments), and to file the same with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, to sign any and all applications, Registration Statements,
notices or other documents in connection therewith with the appropriate state securities authorities, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and to perform each and every act and thing
requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them, or
their substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed by the following persons in the capacities and on the dates
indicated.
Signature
Title
Date
/s/ E. Hunter Harrison
President, and Chief Executive
February 6,
2006
Officer
            and Director (Principal
E. Hunter Harrison
Executive
            Officer)
/s/ Claude Mongeau
Executive Vice-President and Chief
February
        6, 2006
Financial
            Officer (Principal Financial
Claude Mongeau
Officer
            and Principal Accounting
Officer)
/s/ David G.A. McLean
Chairman of the Board of Directors
January
        24, 2006
David G.A. McLean
/s/ Michael R. Armellino
Director
January
        24, 2006
Michael R. Armellino
/s/ A. Charles Baillie
Director
January
        24, 2006
A. Charles Baillie
/s/ Hugh J. Bolton
Director
January
        24, 2006
Hugh J. Bolton
/s/ Purdy Crawford
Director
January
        24, 2006
Purdy Crawford
/s/ J.V. Raymond Cyr
Director
January
        24, 2006
J.V. Raymond Cyr
Signature
Title
Date
/s/ Gordon D. Giffin
Director
January
        24, 2006
Gordon D. Giffin
/s/ James K. Gray
Director
January
        24, 2006
James K. Gray
/s/ Edith E. Holiday
Director
January
        24, 2006
Edith E. Holiday
/s/ Maureen Kempston Darkes
Director
February
        10, 2006
Maureen Kempston Darkes
/s/ Denis Losier
Director
January
        24, 2006
Denis Losier
/s/ Edward C. Lumley
Director
January
        24, 2006
Edward C. Lumley
/s/ Robert Pace
Director
January
        24, 2006
Robert Pace
/s/ Michael Novak
Authorized U.S. Representative
February
        10, 2006
Michael Novak
EXHIBIT INDEX
Exhibit
Number
Exhibit
5
Opinion
        of Sean Finn, Senior Vice-President Public Affairs, Chief Legal Officer
& Corporate
Secretary
23.1
Consent
        of KPMG LLP
23.2
Consent
        of Sean Finn, Senior Vice-President Public Affairs, Chief Legal Officer
& Corporate
Secretary
        (included in Exhibit 5)
24
Power
        of attorney (included on the signature page of this Registration Statement)