CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating activities
Earnings	$ 1,866	$ 2,057
Adjustments to reconcile earnings to net cash provided by operating activities:
Depreciation and amortization	1,146	1,055
Deferred income tax expense	484	423
Unrealized derivative fair value loss, net	(520)	(369)
Income from equity investments	(517)	(491)
Distributions from equity investments	453	394
Other	40	47
Changes in operating assets and liabilities	914	(177)
Net cash provided by operating activities	3,866	2,939
Investing activities
Capital expenditures	(1,129)	(1,048)
Long-term investments and restricted long-term investments	(413)	(314)
Distributions from equity investments in excess of cumulative earnings	100	97
Additions to intangible assets	(66)	(53)
Affiliate loans, net	71	0
Net cash used in investing activities	(1,437)	(1,318)
Financing activities
Net change in short-term borrowings	(559)	89
Net change in commercial paper and credit facility draws	(2,921)	(283)
Debenture and term note issues, net of issue costs	4,111	2,643
Debenture and term note repayments	(968)	(1,155)
Contributions from noncontrolling interests	4	6
Distributions to noncontrolling interests	(92)	(60)
Common shares issued	0	2
Common shares repurchased	0	(50)
Preference share dividends	(84)	(91)
Common share dividends	(1,798)	(1,742)
Redemption of preference shares	0	(750)
Affiliate loans, net	51	0
Other	(33)	(92)
Net cash used in financing activities	(2,289)	(1,483)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash	4	(4)
Net change in cash and cash equivalents and restricted cash	144	134
Cash and cash equivalents and restricted cash at beginning of period	907	320
Cash and cash equivalents and restricted cash at end of period	$ 1,051	$ 454