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Share Capital (Tables)
 12 Months Ended
Dec. 31, 2024
Share Capital, Reserves And Other Equity Interest [Abstract]  
Schedule of Classes of Share Capital
Changes in common shares issued and outstanding for the years ended December 31 were as follows:
20242023
Common shares (in millions of shares)Number of
shares		AmountNumber of
shares		Amount
Balance, beginning of year584.6 $8,327 586.4 $8,311 
Stock options exercised (Note 18)
0.8 47 1.0 56 
Common shares purchased for cancellation(11.5)(182)(2.8)(40)
Balance, end of year573.9 $8,192 584.6 $8,327 
Further information on the preferred shares outstanding as at December 31, 2024, is as follows:

(in millions of shares)		Issue dateAnnual
dividend
rate		Annual
dividend
per share
Earliest par call or
redemption date(1)
Number
of shares		Face
amount
Net
amount(2)
Class A Preferred shares
Series 3January 13, 20064.45%$1.11 Any time10.0 $250 $245 
Series 4October 10, 20064.45%$1.11 Any time12.0 300 293 
Series 5February 2, 20074.50%$1.13 Any time10.0 250 245 
Series 8R(3)
May 25, 20101.825%
(3)
$0.46 
June 30, 2025
(4)
6.2 155 152 
Series 9QR(5)
June 30, 2015Floating
(6)
Floating
June 30, 2025
(7)
5.0 125 122 
Series 10R(3)
August 12, 20112.967%
(3)
$0.74 
September 30, 2026
(4)
6.8 171 167 
Series 11QR(5)
September 30, 2016Floating
(6)
Floating
September 30, 2026
(7)
1.2 29 28 
Other equity instruments
Series 2021-1(8)
June 30, 20213.600%n/aJune 30, 20261.0 1,000 987 
Total preferred shares and other equity instruments52.2 $2,280 $2,239 

(1)    Redemption of all preferred shares and other equity instruments is subject to regulatory approval.
(2)    Net of after-tax issuance costs.
(3)    On the earliest redemption date and every five years thereafter, the dividend rate will reset to an annual rate equal to the 5-year Government of Canada bond yield plus a spread specified for each series. The specified spread for Class A shares is: Series 8R – 1.41% and Series 10R – 2.17%. On the earliest redemption date and every five years thereafter, holders will have the right, at their option, to convert their shares into the series that is one number higher than their existing series.
(4)    Redeemable on the redemption date and every five years thereafter, in whole or in part, at $25.00 per share.
(5)    On the earliest redemption date and every five years thereafter, holders will have the right, at their option, to convert those shares into the series that is one number lower than their existing series.
(6)    Holders are entitled to receive quarterly floating rate non-cumulative dividends at an annual rate equal to the then 3-month Government of Canada treasury bill yield plus a spread specified for each series. The specified spread for Class A shares is: Series 9QR – 1.41% and Series 11QR – 2.17%.
(7)    Redeemable on the redemption date and every five years thereafter, in whole or in part, at $25.00 per share, and on any other date at $25.50 per share.
(8)    On the earliest redemption date and every five years thereafter, the interest rate will reset to an annual rate equal to the Government of Canada bond yield plus 2.604%.