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Equity (Tables)
12 Months Ended
Dec. 31, 2020
Equity [abstract]  
Summary of Class A Common Shares and Class B Subordinate Voting Shares Issued and Outstanding Class A Common Shares and Class B Subordinate Voting Shares Issued and Outstanding
Shares (in 000’s)Class A
Common Shares
Class B Subordinate Voting
Shares
As at January 1, 2019
7,768 562,925 
Class A common shares conversion(3)
Shares issued on options exercised (c)— 1,239 
Acquired and cancelled pursuant to normal course issuer bid (h)— (24,639)
As at December 31, 20197,765 539,528 
Shares issued on options exercised (c)— 145 
Acquired and cancelled pursuant to normal course issuer bid (h)— (16,292)
As at December 31, 20207,765 523,381 
Summary of Weighted Average Assumptions
The weighted average fair value of share options granted in the year was estimated at $4.76 per option (2019 – $10.73) at the grant date based on the Black-Scholes option-pricing model using the following assumptions:

20202019
Weighted average exercise price$14.42 $28.62 
Dividend yield2.13 %1.05 %
Risk-free interest rate1.19 %1.81 %
Expected option life6.1 years5.9 years
Expected volatility41 %41 %
Forfeiture rate1.16 %0.55 %
Summary of Outstanding Share Options
Outstanding share options are as follows:

 20202019
Share
Options
(in 000’s)
Weighted
Average
Exercise Price
Share
Options
(in 000’s)
Weighted
Average
Exercise Price
Outstanding at beginning of year20,152 $23.02 19,775 $21.75 
Granted6,314 14.421,940 28.62
Exercised(156)8.33(1,239)8.17
Forfeited(293)20.97(110)32.52
Expired(767)35.14(214)38.24
Outstanding at end of year25,250 $20.61 20,152 $23.02 
Vested and exercisable at end of year17,368 $21.76 16,617 $21.32 
Summary of Information Relating to Share Options Outstanding
Information relating to share options outstanding at December 31, 2020, is as follows:

Outstanding Share Options (in 000’s)Exercise
Price Range
Weighted Average Remaining Life
of Outstanding Options (months)
10,699
 $ 5.34 — $ 15.35
84
4,135
$ 15.36 — $ 24.97
60
2,127
 $ 24.98 — $ 26.79
36
5,339
 $ 26.80 — $ 36.85
67
2,950
 $ 36.86 — $ 58.80
46
25,250
$ 5.34 — $ 58.80
68
Summary of Exercise Price Range for Share Options
Information relating to share options outstanding at December 31, 2020, is as follows:

Outstanding Share Options (in 000’s)Exercise
Price Range
Weighted Average Remaining Life
of Outstanding Options (months)
10,699
 $ 5.34 — $ 15.35
84
4,135
$ 15.36 — $ 24.97
60
2,127
 $ 24.98 — $ 26.79
36
5,339
 $ 26.80 — $ 36.85
67
2,950
 $ 36.86 — $ 58.80
46
25,250
$ 5.34 — $ 58.80
68
Summary of Outstanding Units
The outstanding Units are summarized in the following table:

(in 000’s)20202019
 OutstandingVestedOutstandingVested
DSUs2,555 2,555 2,463 2,463 
RSUs1,408 484 892 — 
PSUs1,449  741 — 
PDSUs213 70 177 65 
5,625 3,109 4,273 2,528 
Summary of Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income
(CAD$ in millions)20202019
Accumulated other comprehensive income – beginning of year$309 $584 
Currency translation differences:
Unrealized losses on translation of foreign subsidiaries(197)(449)
Foreign exchange differences on debt designated as a hedge of our
   investment in foreign subsidiaries (net of taxes of $(17) and $(26)) (Note 30(b))
111 167 
(86)(282)
Gain on marketable equity and debt securities (net of taxes of $(3) and $(1))
24 
Remeasurements of retirement benefit plans (net of taxes of $29 and $(31))
(50)74 
Total other comprehensive income (loss)(112)(201)
Less remeasurements of retirement benefit plans recorded in retained earnings50 (74)
Accumulated other comprehensive income – end of year$247 $309 
Summary of Basic and Diluted Earnings Per Share
The following table reconciles our basic and diluted earnings (loss) per share:

(CAD$ in millions, except per share data)20202019
Net basic and diluted profit (loss) attributable to shareholders of the company$(864)$(605)
Weighted average shares and diluted shares outstanding (000’s)534,378 559,765 
Basic earnings (loss) per share$(1.62)$(1.08)
Diluted earnings (loss) per share$(1.62)$(1.08)