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SHARE-BASED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Share-based payment transaction  
Summary of share-based compensation expense recorded during the year

Years ended December 31, 

    

2022

    

2021

Share option plan expense (i)

$

0.1

$

0.3

Restricted share unit plan expense, including restricted performance shares (ii)

 

13.2

 

19.2

Deferred share units expense (iii)

 

1.4

 

1.4

Employer portion of employee share purchase plan (iv)

 

2.5

 

2.8

Total share-based compensation expense

$

17.2

$

23.7

Share option  
Share-based payment transaction  
Summary of status of the share option plan and changes during the year

2022

2021

    

    

    

Weighted average

    

    

    

Weighted average

Number of options

exercise price

Number of options

exercise price

(000’s)

(C$/option)

(000’s)

(C$/option)

Balance at January 1

 

3,764

$

4.47

 

5,601

$

4.68

Issued on acquisition of Great Bear(a)

9,880

1.93

Exercised

 

(6,368)

 

2.36

 

(1,624)

 

5.13

Forfeited

 

 

 

(213)

 

4.97

Expired

 

(90)

 

4.69

 

 

Outstanding at end of period

 

7,186

$

2.84

 

3,764

$

4.47

Exercisable at end of period

7,186

$

2.84

3,273

$

4.47

(a)

See Note 6i for details of the options issued on acquisition of Great Bear.

Summary of information about the stock options outstanding and exercisable

Options outstanding and exercisable

Weighted

Weighted

average

    

Number of

average

remaining

options

exercise price

contractual life

Exercise price range in C$:

    

(000’s)

    

(C$)

    

(years)

0.10

0.32

 

1,051

0.13

 

0.15

0.33

 

1.17

 

1,523

0.58

 

0.15

1.18

4.20

1,749

3.44

0.16

4.21

4.77

1,653

4.43

1.59

4.78

 

5.06

 

1,210

4.99

 

1.70

 

  

 

7,186

2.84

 

0.74

Summary of weighted average assumptions used in computing the fair value of stock options using the Black-Scholes option pricing model

Weighted average share price (C$)

$

7.01

Expected dividend yield

 

2.8

%

Expected volatility

 

36.3

%

Risk-free interest rate

 

2.5

%

Expected option life (in years)

 

1.0

Weighted average fair value per stock option granted (C$)

$

5.09

RSUs  
Share-based payment transaction  
Summary of information about number of units of other equity instruments and their weighted average fair value

2022

2021

    

    

    

Weighted average

    

    

    

Weighted average

Number of units

fair value

Number of units

fair value

(000’s)

(C$/unit)

(000’s)

(C$/unit)

Balance at January 1

 

5,293

$

7.81

 

6,475

$

5.86

Granted

 

3,928

 

6.85

 

3,017

 

8.80

Reinvested

170

7.50

175

6.82

Redeemed

 

(2,871)

 

7.18

 

(3,748)

 

5.36

Forfeited

 

(1,615)

 

7.68

 

(626)

 

6.84

Outstanding at end of period

 

4,905

$

7.44

 

5,293

$

7.81

RPSUs  
Share-based payment transaction  
Summary of information about number of units of other equity instruments and their weighted average fair value

2022

2021

    

    

    

Weighted average

    

    

    

Weighted average

Number of units

fair value

Number of units

fair value

(000’s)

(C$/unit)

(000’s)

(C$/unit)

Balance at January 1

 

3,781

$

7.25

 

4,459

$

5.95

Granted

 

1,638

 

6.53

 

1,378

 

8.37

Reinvested

110

7.57

77

6.90

Redeemed

 

(1,319)

 

4.74

 

(1,739)

 

4.92

Forfeited

 

(816)

 

6.54

 

(394)

 

6.66

Outstanding at end of period

 

3,394

$

8.06

 

3,781

$

7.25

DSUs  
Share-based payment transaction  
Summary of information about number of units of other equity instruments and their weighted average fair value

Years ended December 31, 

    

2022

    

2021

DSUs granted (000’s)

 

329

 

234

Weighted average grant-date fair value (C$/ unit)

$

5.47

$

7.55