|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |
|---------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|--------|------------------|--------|--------|-----------------------|--------|--------|-----------------------|--------|--------|------------------|---------|--------|------------------|--------|
| (CAD      in millions)                                                                                                                |   |  Predecessor |   |   |  Successor  |   |
|                                                                                                                                  |   | Year      Ended   |   |   | Year      Ended  |   |   | Ten      Months Ended |   |   | Two      Months Ended |   |   | Year      Ended  |    |   | Year      Ended  |   |
|                                                                                                                                  |   | December      31  |   |   | December      31 |   |   | October      30       |   |   | December      31      |   |   | December      31 |    |   | December      31 |   |
|                                                                                                                                  |   | 2005              |   |   | 2006             |   |   | 2007                  |   |   | 2007                  |   |   | 2008             |    |   | 2009             |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |
| Earnings:                                                                                                                             |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |
| Income      (loss) from continuing operations before income taxes,      equity in net losses of affiliates and      minorityinterests |   |              | 141.4  |   |             |   | 125.7  |                  |   |   | 138.8                 |   |   |             | (66.2   | )      |             |   | (987.3 | ) |   |   | 419.0 |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |
| Pre-tax      dividends requirements                                                                                                   |   |              | (2.8   | )      |             |   | (2.3   | )                     |   |   | -                     |   |   |             | (2.6    | )      |             |   | (14.8 | ) |   |   | (19.9 | ) |
| Fixed      charges                                                                                                                    |   |              | 36.9   |   |             |   | 31.4   |                  |   |   | 21.7                  |   |   |             | 51.8    |   |             |   | 311.8 |   |   |   | 307.9 |   |
| Amortization      of capitalized interest                                                                                             |   |              | 15.0   |   |             |   | 11.9   |                  |   |   | 8.9                   |   |   |             | 2.4     |   |             |   | 13.8 |   |   |   | 17.0 |   |
| Capitalized      interest                                                                                                             |   |              | (15.0  | )      |             |   | (12.2  | )                     |   |   | (9.5                  | )      |   |             | (5.4    | )      |             |   | (39.0 | ) |   |   | (19.4 | ) |
| Earnings      adjusted for fixed charges                                                                                              |   |              | 175.5  |   |             |   | 154.5  |                  |   |   | 159.9                 |   |   |             | (20.0   | )      |             |   | (715.5 | ) |   |   | 704.6 |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |
| Fixed      charges:                                                                                                                   |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |
| Pre-tax      preferred dividends                                                                                                      |   |              | 2.8    |   |             |   | 2.3    |                  |   |   | -                     |   |   |             | 2.6     |   |             |   | 14.8 |   |   |   | 19.9 |   |
| Interest      expensed and capitalized, including amortization of capitalized expenses      related to indebtedness              |   |              | 29.5   |   |             |   | 24.6   |                  |   |   | 18.1                  |   |   |             | 47.5    |   |             |   | 286.8 |   |   |   | 279.4 |   |
| Portion      or rent expense representative of interest (1)                                                                           |   |              | 4.6    |   |             |   | 4.5    |                  |   |   | 3.6                   |   |   |             | 1.7     |   |             |   | 10.2 |   |   |   | 8.6 |   |
| Total      fixed charges                                                                                                              |   |              | 36.9   |   |             |   | 31.4   |                  |   |   | 21.7                  |   |   |             | 51.8    |   |             |   | 311.8 |   |   |   | 307.9 |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |
| Ratio      of earnings to fixed charges (2)                                                                                           |   |              | 4.8    |   |             |   | 4.9    |                  |   |   | 7.4                   |   |   |             | — |   |             |   | — |   |   |   | 2.3 |   |
|                                                                                                                                  |   |              |   |   |             |   |   |                  |   |   |                  |   |   |             |    |   |             |   |   |   |   |   |   |   |

| (1) | One      quarter of rent expense is deemed to be representative of      interest. |
|-----|-----------------------------------------------------------------------------------|

| (2) | For      purposes of calculating the ratio of earnings to fixed charges, earnings      represent income from continuing operations before income taxes, less      capitalized interest and pre-tax preferred dividends, plus amortization of      capitalized interest and fixed charges. Fixed charges include interest      expense (including amortization of debt issuance costs), pre-tax preferred      dividends, capitalized interest and the portion of operating rental      expense that our management believes is representative of the interest      component of rent expense. The ratio of earnings to fixed charges is not      presented for the two months ended December 31, 2007, and the year ended      December 31, 2008 as the earnings were inadequate to cover fixed charges      during those periods by $71.8 and $1,027.3  respectively. |
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