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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,
20242023
Options$0.8 $0.9 
Share units5.4 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 year5.2 $4.77 4.7 $4.86 
Granted0.8 3.67 1.0 3.70 
Exercised2
(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 year3.1 $4.13 5.2 $4.77 
Exercisable, end of the year1.4 $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,
20242023
Weighted average risk-free interest rate3.7 %3.5 %
Weighted average expected volatility1
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,
20242023
Granted during the year (in millions)0.20.5
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)20242023
Outstanding, beginning of the year6.1 6.3 
Granted2.7 3.4 
Issued(1.4)(2.1)
Forfeited and withheld for tax(0.7)(1.5)
Outstanding, end of the year6.7 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,
20242023
Granted during the year (in millions) 1.82.1
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,
20242023
Granted during the year (in millions) 0.70.8
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.