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Cash and Cash Equivalents
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Cash and Cash Equivalents

9. Cash and Cash Equivalents

The Company’s policy is to invest cash in excess of operating requirements in highly liquid investments. For the purpose of the consolidated statements of cash flows, cash and cash equivalents consist of the following:

  

 

 

 

        December 31

 

 

              December 31  
     2018      2017  
      $      $  

Cash

      176.5        234.7  

Unrestricted investments

      8.7        4.8  

Cash and cash equivalents

      185.2        239.5  

Unrestricted investments consist of short-term bank deposits with initial maturities of three months or less.

At December 31, 2018, no funds were held in escrow accounts (2017 – $7.9 (US$6.2)). In 2017, these escrow funds covered potential indemnification claims from acquisitions and were settled in accordance with an escrow agreement.