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EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(Millions of Canadian dollars)
(shares in millions)
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First Quarter Ended |
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BASIC |
2000 |
1999 |
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Weighted average shares outstanding |
743.5 |
743.5 |
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Income (loss) from operations in accordance with U.S. GAAP |
$(10.0) |
$9.8 |
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Basic earnings (loss) per share in accordance with U.S. GAAP |
$(0.01) |
$0.01 |
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DILUTED |
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Diluted earnings per share are not computed as the effect of the conversions of convertible debentures and the exercise of stock options are antidilutive. The convertible debentures are convertible at U.S.$0.35 per common share. |
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