11 unchanged sentences
A hypothetical 10% change in the U.S.
−Removed: dollar against the Canadian dollar compared to the exchange rate at December 31, 2021, would affect the carrying value of net assets by approximately $63.9 million, with a corresponding impact to the foreign currency translation account within accumulated other comprehensive income (loss).
−Removed: A hypothetical 10% change in the euro against the Canadian dollar compared to the exchange rate at December 31, 2021, would affect the carrying value of net assets by approximately $15.3 million, with a corresponding impact to the foreign currency translation account within accumulated other comprehensive income (loss).
+Added: dollar against the Canadian dollar compared to the exchange rate at June 30, 2022, would affect the carrying value of net assets by approximately $1.6 million, with a corresponding impact to the foreign currency translation account within accumulated other comprehensive income (loss).
+Added: A hypothetical 10% change in the euro against the Canadian dollar compared to the exchange rate at June 30, 2022, would affect the carrying value of net assets by approximately $24.2 million, with a corresponding impact to the foreign currency translation account within accumulated other comprehensive income (loss).
We also have exposure to changes in foreign exchange rates associated with transactions which are undertaken by our subsidiaries in currencies other than their functional currency.
7 unchanged sentences
Additionally, a falling-rate environment creates reinvestment risk because as securities mature, the proceeds are reinvested at a lower rate, generating less interest income.
−Removed: As at December 31, 2021, our cash and cash equivalents, and short-term investments consisted of $1.0 billion, in interest rate sensitive instruments (March 31, 2021 – $1.9 billion).
+Added: As at June 30, 2022, our cash and cash equivalents, and short-term investments consisted of $0.8 billion, in interest rate sensitive instruments (March 31, 2022 – $0.9 billion).
Our financial liabilities consist of long-term fixed rate debt and floating-rate debt.
2 unchanged sentences
Decrease in Fair Value - Hypothetical 1% Rate Increase
−Removed: December 31, 2021
+Added: June 30, 2022
March 31, 2022
−Removed: December 31, 2021
+Added: June 30, 2022
March 31, 2022
−Removed: December 31, 2021
+Added: June 30, 2022
March 31, 2022
−Removed: Convertible Notes
+Added: Convertible senior notes
Fixed interest rate debt
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.