INTERIM CONSOLIDATED STATEMENTS OF INCOME - CAD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Revenues (Note 3)
Total revenues	$ 3,795	$ 3,520
Operating expenses
Compensation and benefits	682	690
Fuel	481	458
Materials	124	94
Equipment rents	99	82
Depreciation and amortization	504	467
Purchased services and other	588	580
Total operating expenses	2,478	2,371
Operating income	1,317	1,149
Less:
Other expense (income)	7	(2)
Other components of net periodic benefit recovery (Note 11)	(107)	(88)
Net interest expense	216	206
Income before income taxes	1,201	1,033
Income before income tax expense
Current income tax expense	266	242
Deferred income tax expense	26	17
Income tax expense (Note 4)	292	259
Net income	909	774
Net loss attributable to non-controlling interest	(1)	(1)
Net income attributable to controlling shareholders	$ 910	$ 775
Earnings per share (Note 5)
Basic earnings per share (in dollars per share)	$ 0.98	$ 0.83
Diluted earnings per share (in dollars per share)	$ 0.97	$ 0.83
Weighted-average number of shares (millions) (Note 5)
Basic (in shares)	933.2	932.4
Diluted (in shares)	934.3	934.4
Dividends declared per share (in dollars per share)	$ 0.19	$ 0.19
Freight
Revenues (Note 3)
Total revenues	$ 3,727	$ 3,427
Non-freight
Revenues (Note 3)
Total revenues	$ 68	$ 93