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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Share-Based Payment Arrangements [Abstract] |
Share-based compensation plans |
|  | Years ended December 31,
|  |  | 2024 | 2023
Options |  |  | $ | 0.8 |  | $ | 0.9 |
Share units |  |  | 5.4 |  | 5.6 |
|  |  | $ | 6.2 |  | $ | 6.5 |
Share option award plan |
| Year ended December 31, 2024 | Year ended December 31, 2023
| Options (in millions) | Weighted average exercise price (CAD/share)1 | Options (in millions) | Weighted average exercise price (CAD/share)
Outstanding, beginning of the year | 5.2 |  | $ | 4.77 |  | 4.7 |  | $ | 4.86 |
Granted | 0.8 |  | 3.67 |  | 1.0 |  | 3.70 |
Exercised 2 | (1.6) |  | 5.36 |  | (0.2) |  | 3.26 |
Forfeited | (0.3) |  | 3.93 |  | (0.1) |  | 3.94 |
Expired | (1.0) |  | 5.24 |  | (0.2) |  | 3.26 |
Outstanding, end of the year | 3.1 |  | $ | 4.13 |  | 5.2 |  | $ | 4.77 |
Exercisable, end of the year | 1.4 |  | $ | 4.57 |  | 3.0 |  | $ | 5.38 |
1.Exercise prices are denominated in Canadian dollars. The USDCAD exchange rate at December 31, 2024 was $1.4404/CAD. 2.The weighted average share price on date of options exercised was CAD$6.56.
Disclosure of number and weighted average remaining contractual life of outstanding share options | The following table summarizes information related to options outstanding at December 31, 2024:
Range of Prices CAD$/share | Number Outstanding (millions) | Weighted Average Remaining Contractual Life (years) | Weighted Average Exercise Price (CAD$/share)
1.01 - 5.00 | 2.9 |  | 4.4 | $ | 3.94 |
5.01 - 10.00 | 0.2 |  | 0.2 | $ | 6.84 |
| 3.1 |  | 4.1 | $ | 4.13 |
Inputs used in determining the fair value of the options granted | The following were the weighted average inputs to the Black-Scholes model used in determining the fair value of the options granted during the year. The estimated fair value of the options is expensed over their expected life.
| Years ended December 31,
| 2024 | 2023
Weighted average risk-free interest rate | 3.7 | % | 3.5 | %
Weighted average expected volatility 1 | 58.3 | % | 57.7 | %
Weighted average dividend yield | — | % | — | %
Weighted average expected life of options issued (years) | 4.5 |  | 5.0 |
Weighted average grant-date fair value (CAD per share) | $ | 1.73 |  | $ | 1.88 |
Weighted average share price at grant date (CAD per share) | $ | 3.50 |  | $ | 3.63 |
Weighted average exercise price (CAD per share) | $ | 3.67 |  | $ | 3.70 |
1.Expected volatility is estimated by considering historical average share price volatility based on the average expected life of the options The estimated fair value of the awards is expensed over their vesting period.
| Years ended December 31,
| 2024 | 2023
Granted during the year (in millions) | 0.2 | 0.5
Grant-date fair value (CAD per share)1 | $ | 5.71 | $ | 3.55
1.The grant-date fair value is equal to the share price on grant date.
Full value awards consisting of restricted share units | A summary of the status of the Company’s outstanding share units issued to directors and employees under the Company's share incentive plan and changes during the year is presented below.
| Years ended December 31,
(in millions) | 2024 | 2023
Outstanding, beginning of the year | 6.1 |  | 6.3 |
Granted | 2.7 |  | 3.4 |
Issued | (1.4) |  | (2.1) |
Forfeited and withheld for tax | (0.7) |  | (1.5) |
Outstanding, end of the year | 6.7 |  | 6.1 |
Inputs used in determining fair value of restricted share units | The estimated fair value of the awards is expensed over their vesting period.
| Years ended December 31,
| 2024 | 2023
Granted during the year (in millions) | 1.8 | 2.1
Grant-date fair value (CAD per share)1 | $ | 3.69 | $ | 3.69
1.The grant-date fair value is equal to the share price on grant date. The estimated fair value of the awards is expensed over their vesting period.
| Years ended December 31,
| 2024 | 2023
Granted during the year (in millions) | 0.7 | 0.8
Grant-date fair value (CAD per share)1 | $ | 3.50 | $ | 3.65
1.The grant-date fair value was determined using a Monte Carlo model.

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_47_b&doctype=Standard -URIDate 2024-03-27 + Details
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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 47 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_47_a&doctype=Standard -URIDate 2024-03-27 + Details
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- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_45&doctype=Standard -URIDate 2024-03-27 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 45 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_45_b&doctype=Standard -URIDate 2024-03-27 + Details
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- Definition The disclosure of the number and weighted average remaining contractual life of outstanding share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2024-01-01 -Paragraph 45 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2024-en-r&anchor=para_45_d&doctype=Standard -URIDate 2024-03-27 + Details
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