exists:CL.%{i}.FR.%{l}.F2.%{o}.spf.nssi.telus.com
Reading RFC 7208, that would be expanded to exists:CL.69.64.35.11.FR.reply.F2.telus.com.spf.nssi.telus.com
which means if that any record exists at that name, it will pass. dig +short cl.69.64.35.11.fr.reply.f2.telus.com.spf.nssi.telus.com
127.0.0.1
trying a few other values, it seems that telus.com is saying ALL IP addresses are allowed to send for it.