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Consolidated statements of comprehensive income - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of comprehensive income [abstract]        
Net earnings $ 629 $ 644 $ 1,296 $ 1,327
Items that will be subsequently reclassified to net earnings        
Net change in value of derivatives designated as cash flow hedges, net of income taxes of $53 million and ($70) million for the three months ended June 30, 2026 and 2025, respectively, and $56 million and ($150) million for the six months ended June 30, 2026 and 2025, respectively (144) 193 (153) 410
Gain on cumulative translation adjustment 148 0 272 0
Items that will not be reclassified to net earnings        
Actuarial gains on post-employment benefit plans, net of income taxes of $XX million and ($30) million for the three months ended June 30, 2026 and 2025, respectively, and $XX million and  ($56) million for the six months ended June 30, 2026 and 2025, respectively [1] 323 78 338 151
Net change in value of publicly-traded and privately-held investments, net of income taxes of ($6) million and ($5) million for the three months ended June 30, 2026 and 2025, respectively, and ($8) million and ($5) million for the six months ended June 30, 2026 and 2025, respectively 41 32 57 34
Net change in value of derivatives designated as cash flow hedges, net of income taxes of ($4) million and $10 million for the three months ended June 30, 2026 and 2025, respectively, and ($9) million and $9 million for the six months ended June 30, 2026 and 2025, respectively 12 (29) 24 (25)
Other comprehensive income 380 274 538 570
Total comprehensive income 1,009 918 1,834 1,897
Total comprehensive income attributable to:        
Common shareholders 937 854 1,710 1,782
Preferred shareholders 39 40 76 81
Non-controlling interest 33 24 48 34
Total comprehensive income $ 1,009 $ 918 $ 1,834 $ 1,897
[1] The discount rate used to value our post-employment benefit obligations at June 30, 2026 was 4.9% compared to 5.0% at March 31, 2026 and 4.9% at December 31, 2025. The discount rate used to value our post-employment benefit obligations at June 30, 2025 was 4.8% compared to 4.7% at March 31, 2025 and December 31, 2024.