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Financing costs and additional notes and loans payable information
9 Months Ended
Sep. 30, 2016
Financing costs and additional notes and loans payable information

5.  Financing costs and additional notes and loans payable information

 

         Third Quarter      Nine Months    
to September 30
 
 millions of Canadian dollars    2016         2015      2016      2015  

 Debt-related interest

          32           30              95            73   

 Capitalized interest

     (11     (20      (37      (58

 Net interest expense

     21        10         58         15   

 Other interest

     (2     2         (6      5   

 Total financing costs

     19        12         52         20   

In March 2016, the company extended the maturity date of its existing $500 million 364-day short-term unsecured committed bank credit facility to March 2017. The company has not drawn on the facility.