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Share Capital and Employee Compensation Plans (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Disclosure of number and weighted average exercise prices of share options | The following table summarizes changes in stock options for the years ended December 31,:
| Stock Options Outstanding
| Shares | Weighted Average Exercise Price CAD$
As at December 31, 2021 | 279.0 |  | $ | 21.38 |
Granted | 191.6 |  | 22.95 |
Exercised | (79.5) |  | 15.12 |
Expired | (4.3) |  | 41.62 |
Forfeited | (9.8) |  | 31.32 |
As at December 31, 2022 | 377.0 |  | $ | 23.01 |
Granted | 167.1 |  | 21.18 |
Expired | (14.4) |  | 23.61 |
Forfeited | (16.5) |  | 25.39 |
As at December 31, 2023 | 513.2 |  | $ | 22.32 |
Disclosure of range of exercise prices of outstanding share options | The following table summarizes information about the Company's stock options outstanding at December 31, 2023:
| Options Outstanding | Options Exercisable
Range of Exercise Prices CAD$ | Number Outstanding as at December 31, 2023 | Weighted Average Remaining Contractual Life (years) | Weighted Average Exercise Price CAD$ | Number Outstanding as at December 31, 2023 | Weighted Average Exercise Price CAD$
$17.53 - $23.03 | 446.4 |  | 5.4 | $ | 21.13 |  | 159.1 |  | $ | 19.70 |
$23.04 - $28.54 | 21.1 |  | 2.9 | $ | 26.54 |  | 21.1 |  | $ | 26.54 |
$28.55 - $34.04 | 38.8 |  | 4.9 | $ | 30.07 |  | 25.9 |  | $ | 30.70 |
$34.05 - $39.48 | 6.9 |  | 3.9 | $ | 39.48 |  | 6.9 |  | $ | 39.48 |
| 513.2 |  | 5.3 | $ | 22.32 |  | 213.0 |  | $ | 22.35 |
Disclosure of assumptions used in determining fair value of options granted | The following assumptions were used in the Black-Scholes option pricing model in determining the fair value of options granted during the years ended December 31,:
| 2023 | 2022
Expected life (years) | 4.5 |  | 4.5 |
Expected volatility | 30.1 | % | 44.3 | %
Expected dividend yield | 2.7 | % | 2.7 | %
Risk-free interest rate | 3.8 | % | 3.4 | %
Weighted average exercise price (CAD$) | $ | 21.18 |  | $ | 22.95 |
Weighted average fair value (CAD$) | $ | 6.01 |  | $ | 7.69 |
Disclosure of dividends | The Company declared the following dividends for the years ended December 31, 2023 and 2022:
Declaration date | Record date | Dividend per common share
February 21, 2024 (1) | March 4, 2024 | $ | 0.10 |
November 7, 2023 | November 20, 2023 | $ | 0.10 |
August 9, 2023 | August 21, 2023 | $ | 0.10 |
March 23, 2023 | April 14, 20023 | $ | 0.10 |
February 22, 2023 | March 6, 2023 | $ | 0.10 |
November 9, 2022 | November 21, 2022 | $ | 0.10 |
August 10, 2022 | August 22, 2022 | $ | 0.11 |
May 11, 2022 | May 24, 2022 | $ | 0.12 |
February 23, 2022 | March 7, 2022 | $ | 0.12 |
(1)These dividends were declared subsequent to the year end and have not been recognized as distributions to owners during the period presented.
PSUs |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Disclosure of number and aggregate fair value of other equity instruments | The following table summarizes changes in PSUs for the years ended December 31, 2023 and 2022:
PSU | Number Outstanding | Fair Value
As at December 31, 2021 | 217.6 |  | $ | 5.5 |
Granted | 150.5 |  | $ | 2.4 |
Paid out | (80.1) |  | $ | (0.8) |
Change in value | — |  | $ | (2.3) |
As at December 31, 2022 | 288.0 |  | $ | 4.8 |
Granted | 534.9 |  | $ | 8.7 |
Paid out | (66.0) |  | $ | — |
Change in value | — |  | $ | (1.0) |
As at December 31, 2023 | 756.9 |  | $ | 12.5 |
RSUs |
Disclosure of terms and conditions of share-based payment arrangement [line items] |
Disclosure of number and aggregate fair value of other equity instruments | The following table summarizes changes in RSUs for the years ended December 31, 2023 and 2022:
RSU | Number Outstanding | Fair Value
As at December 31, 2021 | 426.4 |  | $ | 10.7 |
Granted | 341.1 |  | $ | 5.6 |
Paid out | (198.4) |  | $ | (3.4) |
Forfeited | (17.3) |  | $ | (0.3) |
Change in value | — |  | $ | (3.5) |
As at December 31, 2022 | 551.8 |  | $ | 9.1 |
Granted | 516.2 |  | $ | 8.4 |
Paid out | (237.3) |  | $ | (3.9) |
Forfeited | (25.7) |  | $ | (0.4) |
Change in value | — |  | $ | (0.1) |
As at December 31, 2023 | 805.0 |  | $ | 13.1 |

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