INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Net income	$ 800	$ 590
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	225	210
Deferred income tax expense (recovery) (Note 4)	24	(1)
Pension recovery and funding (Note 12)	(77)	(72)
Equity earnings of Kansas City Southern (Note 8, 9)	(204)	(198)
Dividend from Kansas City Southern (Note 9)	300	334
Other operating activities, net	(47)	(83)
Change in non-cash working capital balances related to operations	(140)	(167)
Cash provided by operating activities	881	613
Investing activities
Additions to properties	(405)	(226)
Proceeds from sale of properties and other assets	4	15
Other	0	5
Cash used in investing activities	(401)	(206)
Financing activities
Dividends paid	(177)	(177)
Issuance of Common Shares	18	8
Repayment of long-term debt, excluding commercial paper (Note 10)	(486)	(542)
Net issuance of commercial paper (Note 10)	0	320
Cash used in financing activities	(645)	(391)
Effect of foreign currency fluctuations on U.S. dollar-denominated cash and cash equivalents	4	0
Cash position
(Decrease) increase in cash, cash equivalents, and restricted cash	(161)	16
Cash, cash equivalents, and restricted cash at beginning of period	451	82
Cash, cash equivalents, and restricted cash at end of period	290	98
Supplemental disclosures of cash flow information:
Income taxes paid	184	159
Interest paid	$ 147	$ 150