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INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues (Note 3)        
Total revenues $ 3,661 $ 3,549 $ 11,155 $ 10,672
Operating expenses        
Compensation and benefits 619 644 1,960 1,946
Fuel 415 419 1,301 1,343
Materials 114 99 362 290
Equipment rents 109 89 311 253
Depreciation and amortization 503 472 1,500 1,412
Purchased services and other 565 623 1,725 1,809
Total operating expenses 2,325 2,346 7,159 7,053
Operating income 1,336 1,203 3,996 3,619
Less:        
Other expense (income) 8 1 (1) (41)
Other components of net periodic benefit recovery (Note 12) (107) (89) (321) (265)
Net interest expense 222 192 646 598
Gain on sale of equity investment (Note 4) 0 0 (333) 0
Income before income taxes 1,213 1,099 4,005 3,327
Income before income tax expense        
Current income tax expense 307 257 921 773
Deferred income tax (recovery) expense (11) 5 24 40
Income tax expense (Note 5) 296 262 945 813
Net income 917 837 3,060 2,514
Net loss attributable to non-controlling interest (3) 0 (4) (3)
Net income attributable to controlling shareholders $ 920 $ 837 $ 3,064 $ 2,517
Earnings per share (Note 6)        
Basic earnings per share (in dollars per share) $ 1.01 $ 0.90 $ 3.32 $ 2.70
Diluted earnings per share (in dollars per share) $ 1.01 $ 0.90 $ 3.32 $ 2.69
Weighted-average number of shares (millions) (Note 6)        
Basic (in shares) 910.4 933.2 922.4 932.8
Diluted (in shares) 911.4 935.3 923.4 934.8
Dividends declared per share (in dollars per share) $ 0.228 $ 0.190 $ 0.646 $ 0.570
Freight        
Revenues (Note 3)        
Total revenues $ 3,589 $ 3,461 $ 10,945 $ 10,422
Non-freight        
Revenues (Note 3)        
Total revenues $ 72 $ 88 $ 210 $ 250