v3.26.1
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Schedule of Derivative Assets and Liabilities Measured at Fair Value (Details) - CAD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value of Derivatives    
Total net derivative asset/(liability) $ (1,828) $ (823)
Fair Value    
Fair Value of Derivatives    
Current derivative assets 1,598 591
Long-term derivative assets 254 293
Current derivative liabilities (2,361) (712)
Long-term derivative liabilities (1,319) (995)
Total net derivative asset/(liability) (1,828) (823)
Level 1 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 884 70
Long-term derivative assets 4 0
Current derivative liabilities (1,212) (55)
Long-term derivative liabilities (8) 0
Total net derivative asset/(liability) (332) 15
Level 2 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 189 192
Long-term derivative assets 183 176
Current derivative liabilities (638) (480)
Long-term derivative liabilities (1,243) (914)
Total net derivative asset/(liability) (1,509) (1,026)
Level 3    
Fair Value of Derivatives    
Total net derivative asset/(liability) 13  
Level 3 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 525 329
Long-term derivative assets 67 117
Current derivative liabilities (511) (177)
Long-term derivative liabilities (68) (81)
Total net derivative asset/(liability) 13 188
Foreign exchange contracts    
Fair Value of Derivatives    
Total net derivative asset/(liability) (1,532) (1,104)
Foreign exchange contracts | Fair Value    
Fair Value of Derivatives    
Current derivative assets 30 27
Long-term derivative assets 33 52
Current derivative liabilities (508) (364)
Long-term derivative liabilities (1,087) (819)
Total net derivative asset/(liability) (1,532) (1,104)
Foreign exchange contracts | Level 1 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 0 0
Long-term derivative assets 0 0
Current derivative liabilities 0 0
Long-term derivative liabilities 0 0
Total net derivative asset/(liability) 0 0
Foreign exchange contracts | Level 2 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 30 27
Long-term derivative assets 33 52
Current derivative liabilities (508) (364)
Long-term derivative liabilities (1,087) (819)
Total net derivative asset/(liability) (1,532) (1,104)
Foreign exchange contracts | Level 3 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 0 0
Long-term derivative assets 0 0
Current derivative liabilities 0 0
Long-term derivative liabilities 0 0
Total net derivative asset/(liability) (0) 0
Interest rate contracts    
Fair Value of Derivatives    
Total net derivative asset/(liability) 69 91
Interest rate contracts | Fair Value    
Fair Value of Derivatives    
Current derivative assets 71 106
Long-term derivative assets 145 117
Current derivative liabilities (28) (48)
Long-term derivative liabilities (119) (84)
Total net derivative asset/(liability) 69 91
Interest rate contracts | Level 1 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 0 0
Long-term derivative assets 0 0
Current derivative liabilities 0 0
Long-term derivative liabilities 0 0
Total net derivative asset/(liability) 0 0
Interest rate contracts | Level 2 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 71 106
Long-term derivative assets 145 117
Current derivative liabilities (28) (48)
Long-term derivative liabilities (119) (84)
Total net derivative asset/(liability) 69 91
Interest rate contracts | Level 3 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 0 0
Long-term derivative assets 0 0
Current derivative liabilities 0 0
Long-term derivative liabilities 0 0
Total net derivative asset/(liability) 0 0
Commodity contracts    
Fair Value of Derivatives    
Total net derivative asset/(liability) (365) 190
Commodity contracts | Fair Value    
Fair Value of Derivatives    
Current derivative assets 1,497 458
Long-term derivative assets 76 124
Current derivative liabilities (1,825) (300)
Long-term derivative liabilities (113) (92)
Total net derivative asset/(liability) (365) 190
Commodity contracts | Level 1 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 884 70
Long-term derivative assets 4 0
Current derivative liabilities (1,212) (55)
Long-term derivative liabilities (8) 0
Total net derivative asset/(liability) (332) 15
Commodity contracts | Level 2 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 88 59
Long-term derivative assets 5 7
Current derivative liabilities (102) (68)
Long-term derivative liabilities (37) (11)
Total net derivative asset/(liability) (46) (13)
Commodity contracts | Level 3 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 525 329
Long-term derivative assets 67 117
Current derivative liabilities (511) (177)
Long-term derivative liabilities (68) (81)
Total net derivative asset/(liability) $ 13 $ 188