Notes to Consolidated Financial Statements [in thousands of Canadian dollars, except per share amounts] December 31, 2012 and 2011 Options outstanding and exercisable as at December 31, 2012 are as follows: Number of Weighted average  Number of  Exercise price  options outstanding  remaining contractual life  options exercisable $ [in thousands]  [years]  [in thousands] 11.60 503 1.2 503 12.57 153 0.9 153 15.59 120 1.3 120 18.20 135 1.4 135 19.48 89 2.4 24 21.27 1,714 2.2 1,029 21.55 1,081 3.1 331 21.73 243 4.4 –– 21.98 1,956 4.1 –– 22.45 370 3.2 123 11.60 to 22.45  6,364  2.9  2,418 71