Letko, Brosseau & Associates 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AGRIUM INC	COM	008916108	193,537	2,231,257	SH		SOLE		2,231,257	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	143,595	3,035,839	SH		SOLE		3,035,839	0	0
AT&T INC	COM	00206R102	227,098	6,415,201	SH		SOLE		6,415,201	0	0
BANK MONTREAL QUE	COM	063671101	313,006	5,393,958	SH		SOLE		5,393,958	0	0
BANK NOVA SCOTIA HALIFAX	COM	064149107	129,582	2,422,914	SH		SOLE		2,422,914	0	0
BANK OF AMERICA CORPORATION	COM	060505104	193,114	15,016,658	SH		SOLE		15,016,658	0	0
BARRICK GOLD CORP	COM	067901108	1,506	95,350	SH		SOLE		95,350	0	0
BCE INC	COM NEW	05534B760	380,452	9,274,832	SH		SOLE		9,274,832	0	0
BROOKFIELD OFFICE PPTYS INC	COM	112900105	132,621	7,970,881	SH		SOLE		7,970,881	0	0
CAE INC	COM	124765108	111,988	10,790,237	SH		SOLE		10,790,237	0	0
CAMECO CORP	COM	13321L108	107,257	5,193,404	SH		SOLE		5,193,404	0	0
CANADIAN NAT RES LTD	COM	136385101	400,534	14,200,363	SH		SOLE		14,200,363	0	0
CANADIAN NATL RY CO	COM	136375102	653	6,700	SH		SOLE		6,700	0	0
CANADIAN PAC RY LTD	COM	13645T100	72,421	596,948	SH		SOLE		596,948	0	0
CELESTICA INC	SUB VTG SHS	15101Q108	180,544	19,151,123	SH		SOLE		19,151,123	0	0
CENOVUS ENERGY INC	COM	15135U109	443	15,532	SH		SOLE		15,532	0	0
CHEVRON CORP NEW	COM	166764100	39,916	337,297	SH		SOLE		337,297	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	11,793	227,800	SH		SOLE		227,800	0	0
CISCO SYS INC	COM	17275R102	214,419	8,811,153	SH		SOLE		8,811,153	0	0
CITIGROUP INC	COM NEW	172967424	198,561	4,139,267	SH		SOLE		4,139,267	0	0
COMCAST CORP NEW	CL A	20030N101	3,257	78,003	SH		SOLE		78,003	0	0
COMCAST CORP NEW	CL A SPL	20030N200	199,596	5,031,402	SH		SOLE		5,031,402	0	0
COMPANHIA DE SANEAMENTO BASI	SPONSORED ADR	20441A102	25,490	2,448,623	SH		SOLE		2,448,623	0	0
COMPANHIA PARANAENSE ENERG C	SPON ADR PFD	20441B407	33,672	2,711,143	SH		SOLE		2,711,143	0	0
CONOCOPHILLIPS	COM	20825C104	213,030	3,521,150	SH		SOLE		3,521,150	0	0
DEVON ENERGY CORP NEW	COM	25179M103	149,186	2,875,595	SH		SOLE		2,875,595	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	104,486	1,990,215	SH		SOLE		1,990,215	0	0
ENCANA CORP	COM	292505104	57,087	3,373,204	SH		SOLE		3,373,204	0	0
ERICSSON	ADR B SEK 10	294821608	89,593	7,942,653	SH		SOLE		7,942,653	0	0
EXAR CORP	COM	300645108	154	14,281	SH		SOLE		14,281	0	0
FIRST SOLAR INC	COM	336433107	41,174	918,867	SH		SOLE		918,867	0	0
FRESH DEL MONTE PRODUCE INC	ORD	G36738105	94,711	3,397,096	SH		SOLE		3,397,096	0	0
GENERAL ELECTRIC CO	COM	369604103	236,027	10,177,960	SH		SOLE		10,177,960	0	0
GERDAU S A	SPON ADR REP PFD	373737105	3,972	695,600	SH		SOLE		695,600	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,122	22,450	SH		SOLE		22,450	0	0
GOODYEAR TIRE & RUBR CO	COM	382550101	102,252	6,683,590	SH		SOLE		6,683,590	0	0
GROUPE CGI INC	CL A SUB VTG	39945C109	110,482	3,770,730	SH		SOLE		3,770,730	0	0
HESS CORP	COM	42809H107	158,309	2,380,950	SH		SOLE		2,380,950	0	0
HUDBAY MINERALS INC	COM	443628102	87,297	13,184,815	SH		SOLE		13,184,815	0	0
ICICI BK LTD	ADR	45104G104	7,076	185,000	SH		SOLE		185,000	0	0
INDIA FD INC	COM	454089103	4,543	236,977	SH		SOLE		236,977	0	0
INFOSYS LTD	SPONSORED ADR	456788108	7,414	180,000	SH		SOLE		180,000	0	0
ING GROEP N V	SPONSORED ADR	456837103	4,021	442,326	SH		SOLE		442,326	0	0
INTEL CORP	COM	458140100	113,740	4,694,194	SH		SOLE		4,694,194	0	0
ISHARES TR	MSCI EAFE INDEX	464287465	3,121	54,475	SH		SOLE		54,475	0	0
ISHARES TR	MSCI EMERG MKT	464287234	13,229	343,600	SH		SOLE		343,600	0	0
JOHNSON & JOHNSON	COM	478160104	178,500	2,078,961	SH		SOLE		2,078,961	0	0
JOHNSON CTLS INC	COM	478366107	70,893	1,980,795	SH		SOLE		1,980,795	0	0
KB FINANCIAL GROUP INC	SPONSORED ADR	48241A105	3,101	104,662	SH		SOLE		104,662	0	0
KIMBERLY CLARK CORP	COM	494368103	159,164	1,638,496	SH		SOLE		1,638,496	0	0
LIFE TECHNOLOGIES CORP	COM	53217V109	11,857	160,235	SH		SOLE		160,235	0	0
LIFEPOINT HOSPITALS INC	COM	53219L109	99,764	2,042,665	SH		SOLE		2,042,665	0	0
MAGNA INTL INC	COM	559222401	165,735	2,327,289	SH		SOLE		2,327,289	0	0
MANULIFE FINL CORP	COM	56501R106	330,641	20,651,810	SH		SOLE		20,651,810	0	0
MARATHON OIL CORP	COM	565849106	82,310	2,380,281	SH		SOLE		2,380,281	0	0
MEDTRONIC INC	COM	585055106	37,612	730,760	SH		SOLE		730,760	0	0
METLIFE INC	COM	59156R108	460	10,049	SH		SOLE		10,049	0	0
MINDRAY MEDICAL INTL LTD	SPON ADR	602675100	2,509	67,000	SH		SOLE		67,000	0	0
MOBILE TELESYSTEMS OJSC	SPONSORED ADR	607409109	7,650	403,900	SH		SOLE		403,900	0	0
MORGAN STANLEY INDIA INVS FD	COM	61745C105	4,724	306,550	SH		SOLE		306,550	0	0
OPEN TEXT CORP	COM	683715106	47,813	699,046	SH		SOLE		699,046	0	0
PEPSICO INC	COM	713448108	124,656	1,524,099	SH		SOLE		1,524,099	0	0
PFIZER INC	COM	717081103	224,058	7,999,232	SH		SOLE		7,999,232	0	0
PHOTRONICS INC	COM	719405102	19,783	2,454,455	SH		SOLE		2,454,455	0	0
POTASH CORP SASK INC	COM	73755L107	84,664	2,218,326	SH		SOLE		2,218,326	0	0
PRECISION DRILLING CORP	COM 2010	74022D308	31,653	3,717,750	SH		SOLE		3,717,750	0	0
PROCTER & GAMBLE CO	COM	742718109	105,405	1,369,068	SH		SOLE		1,369,068	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	234,060	5,971,940	SH		SOLE		5,971,940	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	216,883	3,720,426	SH		SOLE		3,720,426	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,002	15,120	SH		SOLE		15,120	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	169,841	2,662,082	SH		SOLE		2,662,082	0	0
SANOFI	SPONSORED ADR	80105N105	364	7,075	SH		SOLE		7,075	0	0
SEMICONDUCTOR MFG INTL CORP	SPONSORED ADR	81663N206	27,440	7,517,891	SH		SOLE		7,517,891	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	7,280	303,211	SH		SOLE		303,211	0	0
SIEMENS A G	SPONSORED ADR	826197501	825	8,140	SH		SOLE		8,140	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,365	20,975	SH		SOLE		20,975	0	0
STATE STR CORP	COM	857477103	149,113	2,286,654	SH		SOLE		2,286,654	0	0
STATOIL ASA	SPONSORED ADR	85771P102	10,633	513,927	SH		SOLE		513,927	0	0
SUN LIFE FINL INC	COM	866796105	331,102	11,173,479	SH		SOLE		11,173,479	0	0
SUNCOR ENERGY INC NEW	COM	867224107	433,161	14,688,343	SH		SOLE		14,688,343	0	0
TALISMAN ENERGY INC	COM	87425E103	328,701	28,794,204	SH		SOLE		28,794,204	0	0
TECK RESOURCES LTD	CL B	878742204	158,705	7,424,593	SH		SOLE		7,424,593	0	0
TELEFLEX INC	COM	879369106	458	5,904	SH		SOLE		5,904	0	0
TELEFONICA S A	SPONSORED ADR	879382208	397	30,970	SH		SOLE		30,970	0	0
TELUS CORP	COM	87971M103	396,763	13,585,582	SH		SOLE		13,585,582	0	0
THOMPSON CREEK METALS CO INC	COM	884768102	44,360	14,617,824	SH		SOLE		14,617,824	0	0
THOMSON REUTERS CORP	COM	884903105	271,998	8,331,124	SH		SOLE		8,331,124	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	243,621	3,031,776	SH		SOLE		3,031,776	0	0
TOTAL S A	SPONSORED ADR	89151E109	204	4,189	SH		SOLE		4,189	0	0
TRANSALTA CORP	COM	89346D107	211,557	15,432,926	SH		SOLE		15,432,926	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	133,660	1,545,558	SH		SOLE		1,545,558	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	23,859	615,000	SH		SOLE		615,000	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	114,967	2,283,819	SH		SOLE		2,283,819	0	0
VODAFONE GROUP PLC NEW	SPONS ADR NEW	92857W209	270,151	9,398,205	SH		SOLE		9,398,205	0	0
WAL-MART STORES INC	COM	931142103	174,101	2,337,240	SH		SOLE		2,337,240	0	0
WALGREEN CO	COM	931422109	221	5,000	SH		SOLE		5,000	0	0
WUXI PHARMATECH CAYMAN INC	SPONS ADR SHS	929352102	7,169	341,401	SH		SOLE		341,401	0	0