Content

Consolidated Statements of Comprehensive Income

Year ended December 31,   2008   2007   2006    

(millions of Canadian dollars)

               
Earnings   1,327.7   707.1   622.3    
Other Comprehensive Income/(Loss)                
  Change in unrealized gains/(losses) on cash flow hedges, net of tax   (127.4 ) 96.4      
  Reclassification to earnings of realized cash flow hedges, net of tax   (1.3 ) (6.7 )    
  Other comprehensive gain/(loss) from equity investees   49.2   (19.8 )    
  Non-controlling interest in other comprehensive income   (19.6 ) 4.9      
  Change in foreign currency translation adjustment   576.8   (447.1 ) 87.6    
  Change in unrealized gains/(losses) on net investment hedges, net of tax   (159.9 ) 174.9   (51.6 )  
Other Comprehensive Income/(Loss)   317.8   (197.4 ) 36.0    
Comprehensive Income (Note 2)   1,645.5   509.7   658.3    

The accompanying notes are an integral part of these consolidated financial statements.