CONSOLIDATED STATEMENTS OF CASH FLOWS - CAD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating activities
Earnings	$ 3,867	$ 2,664
Adjustments to reconcile earnings to net cash provided by operating activities:
Depreciation and amortization	2,283	2,119
Deferred income tax expense	919	469
Unrealized derivative fair value (gain)/loss, net	(1,135)	415
Income from equity investments	(995)	(1,001)
Distributions from equity investments	1,066	878
Other	72	67
Changes in operating assets and liabilities	1,228	(138)
Net cash provided by operating activities	7,305	5,473
Investing activities
Capital expenditures	(2,093)	(2,002)
Long-term investments and restricted long-term investments	(472)	(388)
Distributions from equity investments in excess of cumulative earnings	752	296
Additions to intangible assets	(104)	(91)
Acquisitions	(487)	0
Affiliate loans, net	71	65
Net cash used in investing activities	(2,333)	(2,120)
Financing activities
Net change in short-term borrowings	(1,148)	105
Net change in commercial paper and credit facility draws	(2,847)	1,031
Debenture and term note issues, net of issue costs	5,598	2,642
Debenture and term note repayments	(2,281)	(1,333)
Contributions from noncontrolling interests	8	8
Distributions to noncontrolling interests	(195)	(127)
Common shares issued	0	3
Common shares repurchased	(125)	(151)
Preference share dividends	(171)	(173)
Common share dividends	(3,595)	(3,485)
Redemption of preference shares	0	(1,003)
Affiliate loans, net	50	0
Other	(64)	(122)
Net cash used in financing activities	(4,770)	(2,605)
Effect of translation of foreign denominated cash and cash equivalents and restricted cash	(19)	20
Net change in cash and cash equivalents and restricted cash	183	768
Cash and cash equivalents and restricted cash at beginning of period	907	320
Cash and cash equivalents and restricted cash at end of period	$ 1,090	$ 1,088