v3.26.3
RISK MANAGEMENT AND FINANCIAL INSTRUMENTS - Schedule of Derivative Assets and Liabilities Measured at Fair Value (Details) - CAD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Fair Value of Derivatives    
Total net derivative asset/(liability) $ (1,678) $ (823)
Fair Value    
Fair Value of Derivatives    
Current derivative assets 1,407 591
Long-term derivative assets 860 293
Current derivative liabilities (1,813) (712)
Long-term derivative liabilities (2,132) (995)
Total net derivative asset/(liability) (1,678) (823)
Level 1 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 444 70
Long-term derivative assets 33 0
Current derivative liabilities (575) (55)
Long-term derivative liabilities (43) 0
Total net derivative asset/(liability) (141) 15
Level 2 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 335 192
Long-term derivative assets 724 176
Current derivative liabilities (763) (480)
Long-term derivative liabilities (2,018) (914)
Total net derivative asset/(liability) (1,722) (1,026)
Level 3    
Fair Value of Derivatives    
Total net derivative asset/(liability) 185  
Level 3 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 628 329
Long-term derivative assets 103 117
Current derivative liabilities (475) (177)
Long-term derivative liabilities (71) (81)
Total net derivative asset/(liability) 185 188
Foreign exchange contracts    
Fair Value of Derivatives    
Total net derivative asset/(liability) (1,616) (1,104)
Foreign exchange contracts | Fair Value    
Fair Value of Derivatives    
Current derivative assets 81 27
Long-term derivative assets 28 52
Current derivative liabilities (664) (364)
Long-term derivative liabilities (1,061) (819)
Total net derivative asset/(liability) (1,616) (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 81 27
Long-term derivative assets 28 52
Current derivative liabilities (664) (364)
Long-term derivative liabilities (1,061) (819)
Total net derivative asset/(liability) (1,616) (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) (97) 91
Interest rate contracts | Fair Value    
Fair Value of Derivatives    
Current derivative assets 187 106
Long-term derivative assets 691 117
Current derivative liabilities (30) (48)
Long-term derivative liabilities (945) (84)
Total net derivative asset/(liability) (97) 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 187 106
Long-term derivative assets 691 117
Current derivative liabilities (30) (48)
Long-term derivative liabilities (945) (84)
Total net derivative asset/(liability) (97) 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) 35 190
Commodity contracts | Fair Value    
Fair Value of Derivatives    
Current derivative assets 1,139 458
Long-term derivative assets 141 124
Current derivative liabilities (1,119) (300)
Long-term derivative liabilities (126) (92)
Total net derivative asset/(liability) 35 190
Commodity contracts | Level 1 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 444 70
Long-term derivative assets 33 0
Current derivative liabilities (575) (55)
Long-term derivative liabilities (43) 0
Total net derivative asset/(liability) (141) 15
Commodity contracts | Level 2 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 67 59
Long-term derivative assets 5 7
Current derivative liabilities (69) (68)
Long-term derivative liabilities (12) (11)
Total net derivative asset/(liability) (9) (13)
Commodity contracts | Level 3 | Fair Value    
Fair Value of Derivatives    
Current derivative assets 628 329
Long-term derivative assets 103 117
Current derivative liabilities (475) (177)
Long-term derivative liabilities (71) (81)
Total net derivative asset/(liability) $ 185 $ 188