In 2012, Canadian Pacific Railway Ltd. announced that it would make investments totaling $1.2 billion in order to improve its operating ratio, which in 2011 was the worst among North America's Big Six railways. This activity is CPR's

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The investment plan of Canadian Pacific Railway Ltd. to improve its operating ratio can be categorized as a financial plan. A financial plan outlines a company's financial objectives and strategies over a specified period to achieve those objectives. In this case, CPR's objective was to improve its operating ratio, and it planned to do so by investing $1.2 billion.