INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Operating activities
Net income	$ 917	$ 837	$ 3,060	$ 2,514
Reconciliation of net income to cash provided by operating activities:
Depreciation and amortization	503	472	1,500	1,412
Deferred income tax (recovery) expense	(11)	5	24	40
Pension recovery and funding (Note 12)	(93)	(79)	(283)	(230)
Gain on sale of equity investment (Note 4)	0	0	(333)	0
Settlement of Mexican taxes (Note 5)	0	(2)	(12)	(2)
Settlement of foreign currency forward contracts (Note 10)	0	0	0	(65)
Other operating activities, net	(55)	59	(27)	(9)
Changes in non-cash working capital balances related to operations	13	(20)	(144)	(95)
Net cash provided by operating activities	1,274	1,272	3,785	3,565
Investing activities
Additions to properties	(860)	(748)	(2,314)	(2,083)
Additions to Meridian Speedway properties	(7)	(9)	(31)	(29)
Proceeds from sale of properties and other assets	1	9	16	19
Proceeds from sale of equity investment (Note 4)	0	0	493	0
Other investing activities, net	(16)	(12)	(67)	9
Net cash used in investing activities	(882)	(760)	(1,903)	(2,084)
Financing activities
Dividends paid	(205)	(177)	(592)	(532)
Issuance of Common Shares	14	13	52	55
Purchase of Common Shares (Note 11)	(1,805)	0	(3,545)	0
Repayment of long-term debt, excluding commercial paper (Note 9)	(5)	(89)	(945)	(309)
Issuance of long-term debt, excluding commercial paper (Note 9)	0	0	3,102	0
Net issuance (repayment) of commercial paper (Note 9)	1,221	(343)	46	(705)
Net repayment of short term borrowings (Note 9)	0	0	(277)	0
Other financing activities, net	(2)	0	(8)	0
Net cash used in financing activities	(782)	(596)	(2,167)	(1,491)
Effect of foreign currency fluctuations on foreign-denominated cash and cash equivalents	2	(10)	(43)	9
Cash position
Net decrease in cash and cash equivalents	(388)	(94)	(328)	(1)
Cash and cash equivalents at beginning of period	799	557	739	464
Cash and cash equivalents at end of period	411	463	411	463
Supplemental cash flow information
Income taxes paid	204	173	850	724
Interest paid	$ 192	$ 157	$ 606	$ 563