Intact Investment Management 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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
3M CO	COM	88579Y101	4,363	21,000	SH		SOLE		21,000	0	0
ABBOTT LABS	COM	002824100	584	7,300	SH		SOLE		7,300	0	0
ABBVIE INC	COM	00287Y109	3,667	45,500	SH		SOLE		45,500	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	332	7,300	SH		SOLE		7,300	0	0
ADOBE INC	COM	00724F101	426	1,600	SH		SOLE		1,600	0	0
AES CORP	COM	00130H105	3,034	167,800	SH		SOLE		167,800	0	0
AIR PRODS & CHEMS INC	COM	009158106	2,540	13,300	SH		SOLE		13,300	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	265	3,700	SH		SOLE		3,700	0	0
ALAMOS GOLD INC NEW	COM CL A	011532108	6,970	1,029,500	SH		SOLE		1,029,500	0	0
ALEXION PHARMACEUTICALS INC	COM	015351109	487	3,600	SH		SOLE		3,600	0	0
ALGONQUIN PWR UTILS CORP	COM	015857105	98,012	6,529,760	SH		SOLE		6,529,760	0	0
ALITHYA GROUP INC	CL A SUB VTG	01643B106	2,051	547,000	SH		SOLE		547,000	0	0
ALLERGAN PLC	SHS	G0177J108	366	2,500	SH		SOLE		2,500	0	0
ALLSTATE CORP	COM	020002101	537	5,700	SH		SOLE		5,700	0	0
ALPHABET INC	CAP STK CL A	02079K305	2,000	1,700	SH		SOLE		1,700	0	0
ALTRIA GROUP INC	COM	02209S103	14,703	256,100	SH		SOLE		256,100	0	0
AMAZON COM INC	COM	023135106	2,315	1,300	SH		SOLE		1,300	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	323	7,500	SH		SOLE		7,500	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	386	3,700	SH		SOLE		3,700	0	0
AMERISOURCEBERGEN CORP	COM	03073E105	207	2,600	SH		SOLE		2,600	0	0
AMGEN INC	COM	031162100	8,356	44,000	SH		SOLE		44,000	0	0
ANADARKO PETE CORP	COM	032511107	1,806	39,700	SH		SOLE		39,700	0	0
APPLE INC	COM	037833100	2,279	12,000	SH		SOLE		12,000	0	0
APPLIED MATLS INC	COM	038222105	365	9,200	SH		SOLE		9,200	0	0
AT&T INC	COM	00206R102	14,330	457,100	SH		SOLE		457,100	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	2,988	18,700	SH		SOLE		18,700	0	0
AUTOZONE INC	COM	053332102	307	300	SH		SOLE		300	0	0
AVALONBAY CMNTYS INC	COM	053484101	4,215	21,000	SH		SOLE		21,000	0	0
BANK AMER CORP	COM	060505104	9,674	350,900	SH		SOLE		350,900	0	0
BANK MONTREAL QUE	COM	063671101	11,253	112,700	SH		SOLE		112,700	0	0
BANK N S HALIFAX	COM	064149107	142,723	2,006,790	SH		SOLE		2,006,790	0	0
BARRICK GOLD CORPORATION	COM	067901108	15,754	860,400	SH		SOLE		860,400	0	0
BAUSCH HEALTH COS INC	COM	071734107	922	28,100	SH		SOLE		28,100	0	0
BB&T CORP	COM	054937107	3,889	83,600	SH		SOLE		83,600	0	0
BCE INC	COM NEW	05534B760	76,059	1,284,998	SH		SOLE		1,284,998	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	864	4,300	SH		SOLE		4,300	0	0
BIOGEN INC	COM	09062X103	213	900	SH		SOLE		900	0	0
BLACKBERRY LTD	COM	09228F103	5,067	376,700	SH		SOLE		376,700	0	0
BLACKROCK INC	COM	09247X101	5,556	13,000	SH		SOLE		13,000	0	0
BOEING CO	COM	097023105	496	1,300	SH		SOLE		1,300	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	449	11,700	SH		SOLE		11,700	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	2,600	54,500	SH		SOLE		54,500	0	0
BROADCOM INC	COM	11135F101	11,995	39,900	SH		SOLE		39,900	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	70,415	1,133,160	SH		SOLE		1,133,160	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	58,004	1,042,300	SH		SOLE		1,042,300	0	0
BROOKFIELD PPTY PARTNERS L P	UNIT LTD PARTN	G16249107	49,828	1,812,590	SH		SOLE		1,812,590	0	0
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	G16258108	3,075	72,200	SH		SOLE		72,200	0	0
BRP INC	COM SUN VTG	05577W200	241	6,500	SH		SOLE		6,500	0	0
CANADIAN NATL RY CO	COM	136375102	100,393	840,883	SH		SOLE		840,883	0	0
CANADIAN NAT RES LTD	COM	136385101	57,179	1,560,550	SH		SOLE		1,560,550	0	0
CANADIAN PAC RY LTD	COM	13645T100	13,403	48,800	SH		SOLE		48,800	0	0
CAPITAL ONE FINL CORP	COM	14040H105	449	5,500	SH		SOLE		5,500	0	0
CARNIVAL CORP	UNIT 99/99/9999	143658300	5,006	98,700	SH		SOLE		98,700	0	0
CATERPILLAR INC DEL	COM	149123101	5,066	37,400	SH		SOLE		37,400	0	0
CBS CORP NEW	CL B	124857202	276	5,800	SH		SOLE		5,800	0	0
CDN IMPERIAL BK COMM TORONTO	COM	136069101	106,412	1,007,880	SH		SOLE		1,007,880	0	0
CELGENE CORP	COM	151020104	528	5,600	SH		SOLE		5,600	0	0
CENOVUS ENERGY INC	COM	15135U109	18,192	1,575,100	SH		SOLE		1,575,100	0	0
CENTURYLINK INC	COM	156700106	2,288	190,800	SH		SOLE		190,800	0	0
CGI INC	CL A SUB VTG	12532H104	18,543	202,300	SH		SOLE		202,300	0	0
CHEVRON CORP NEW	COM	166764100	10,715	87,000	SH		SOLE		87,000	0	0
CIGNA CORP NEW	COM	125523100	370	2,300	SH		SOLE		2,300	0	0
CISCO SYS INC	COM	17275R102	10,685	197,900	SH		SOLE		197,900	0	0
CITIGROUP INC	COM NEW	172967424	7,792	125,200	SH		SOLE		125,200	0	0
CITIZENS FINL GROUP INC	COM	174610105	3,819	117,500	SH		SOLE		117,500	0	0
COCA COLA CO	COM	191216100	12,518	267,200	SH		SOLE		267,200	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	406	5,600	SH		SOLE		5,600	0	0
COLGATE PALMOLIVE CO	COM	194162103	5,578	81,400	SH		SOLE		81,400	0	0
COMCAST CORP NEW	CL A	20030N101	10,861	271,800	SH		SOLE		271,800	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	368	2,100	SH		SOLE		2,100	0	0
COSTCO WHSL CORP NEW	COM	22160K105	726	3,000	SH		SOLE		3,000	0	0
COTT CORP QUE	COM	22163N106	6,631	340,900	SH		SOLE		340,900	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	612	141,400	SH		SOLE		141,400	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	6,041	47,200	SH		SOLE		47,200	0	0
CUBESMART	COM	229663109	224	7,000	SH		SOLE		7,000	0	0
CVS HEALTH CORP	COM	126650100	7,768	144,100	SH		SOLE		144,100	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	4,799	92,900	SH		SOLE		92,900	0	0
DIGITAL RLTY TR INC	COM	253868103	5,010	42,100	SH		SOLE		42,100	0	0
DISNEY WALT CO	COM DISNEY	254687106	255	2,300	SH		SOLE		2,300	0	0
DOLLAR TREE INC	COM	256746108	315	3,000	SH		SOLE		3,000	0	0
DOMINION ENERGY INC	COM	25746U109	7,850	102,400	SH		SOLE		102,400	0	0
DOWDUPONT INC	COM	26078J100	9,871	185,200	SH		SOLE		185,200	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	4,373	48,600	SH		SOLE		48,600	0	0
DUKE REALTY CORP	COM NEW	264411505	1,113	36,400	SH		SOLE		36,400	0	0
EASTMAN CHEMICAL CO	COM	277432100	4,014	52,900	SH		SOLE		52,900	0	0
EATON CORP PLC	SHS	G29183103	5,357	66,500	SH		SOLE		66,500	0	0
EMERSON ELEC CO	COM	291011104	1,403	20,500	SH		SOLE		20,500	0	0
ENBRIDGE INC	COM	29250N105	127,742	2,639,851	SH		SOLE		2,639,851	0	0
ENCANA CORP	COM	292505104	31,820	3,287,200	SH		SOLE		3,287,200	0	0
ENERPLUS CORP	COM	292766102	27,510	2,458,450	SH		SOLE		2,458,450	0	0
EOG RES INC	COM	26875P101	305	3,200	SH		SOLE		3,200	0	0
EQUINIX INC	COM	29444U700	272	600	SH		SOLE		600	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	3,329	44,200	SH		SOLE		44,200	0	0
EXELON CORP	COM	30161N101	5,602	111,800	SH		SOLE		111,800	0	0
EXXON MOBIL CORP	COM	30231G102	5,057	62,600	SH		SOLE		62,600	0	0
FACEBOOK INC	CL A	30303M102	1,200	7,200	SH		SOLE		7,200	0	0
FEDEX CORP	COM	31428X106	454	2,500	SH		SOLE		2,500	0	0
FIRSTENERGY CORP	COM	337932107	4,211	101,200	SH		SOLE		101,200	0	0
FORD MTR CO DEL	COM	345370860	3,452	393,600	SH		SOLE		393,600	0	0
FORTIS INC	COM	349553107	46,453	941,300	SH		SOLE		941,300	0	0
FRANCO NEVADA CORP	COM	351858105	3,316	44,200	SH		SOLE		44,200	0	0
GENERAL ELECTRIC CO	COM	369604103	182	18,200	SH		SOLE		18,200	0	0
GENERAL MLS INC	COM	370334104	3,188	61,600	SH		SOLE		61,600	0	0
GENERAL MTRS CO	COM	37045V100	6,211	167,400	SH		SOLE		167,400	0	0
GILDAN ACTIVEWEAR INC	COM	375916103	436	9,100	SH		SOLE		9,100	0	0
GILEAD SCIENCES INC	COM	375558103	7,627	117,300	SH		SOLE		117,300	0	0
GOLDCORP INC NEW	COM	380956409	12,004	786,100	SH		SOLE		786,100	0	0
GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	387437114	11,354	178,600	SH		SOLE		178,600	0	0
GRAN TIERRA ENERGY INC	COM	38500T101	9,052	2,977,500	SH		SOLE		2,977,500	0	0
HALLIBURTON CO	COM	406216101	2,610	89,100	SH		SOLE		89,100	0	0
HCP INC	COM	40414L109	1,666	53,200	SH		SOLE		53,200	0	0
HOME DEPOT INC	COM	437076102	14,888	77,600	SH		SOLE		77,600	0	0
HONEYWELL INTL INC	COM	438516106	3,385	21,300	SH		SOLE		21,300	0	0
HP INC	COM	40434L105	4,830	248,600	SH		SOLE		248,600	0	0
HUDBAY MINERALS INC	COM	443628102	4,429	468,700	SH		SOLE		468,700	0	0
IAMGOLD CORP	COM	450913108	15,720	3,402,700	SH		SOLE		3,402,700	0	0
IHS MARKIT LTD	SHS	G47567105	288	5,300	SH		SOLE		5,300	0	0
ILLINOIS TOOL WKS INC	COM	452308109	1,378	9,600	SH		SOLE		9,600	0	0
IMV INC	COM	44974L103	1,279	242,218	SH		SOLE		242,218	0	0
INTEL CORP	COM	458140100	13,742	255,900	SH		SOLE		255,900	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	228	3,000	SH		SOLE		3,000	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	13,204	93,600	SH		SOLE		93,600	0	0
INTL PAPER CO	COM	460146103	2,341	50,600	SH		SOLE		50,600	0	0
INVESCO LTD	SHS	G491BT108	2,404	124,500	SH		SOLE		124,500	0	0
JOHNSON & JOHNSON	COM	478160104	11,588	82,900	SH		SOLE		82,900	0	0
JPMORGAN CHASE & CO	COM	46625H100	9,791	96,700	SH		SOLE		96,700	0	0
JUST ENERGY GROUP INC	COM	48213W101	4,612	1,018,000	SH		SOLE		1,018,000	0	0
KEYCORP NEW	COM	493267108	268	17,000	SH		SOLE		17,000	0	0
KIMCO RLTY CORP	COM	49446R109	2,018	109,100	SH		SOLE		109,100	0	0
KRAFT HEINZ CO	COM	500754106	5,519	169,100	SH		SOLE		169,100	0	0
LILLY ELI & CO	COM	532457108	1,738	13,400	SH		SOLE		13,400	0	0
LINCOLN NATL CORP IND	COM	534187109	235	4,000	SH		SOLE		4,000	0	0
LOCKHEED MARTIN CORP	COM	539830109	7,414	24,700	SH		SOLE		24,700	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	N53745100	933	11,100	SH		SOLE		11,100	0	0
MAGNA INTL INC	COM	559222401	24,242	372,960	SH		SOLE		372,960	0	0
MAG SILVER CORP	COM	55903Q104	3,057	215,000	SH		SOLE		215,000	0	0
MANULIFE FINL CORP	COM	56501R106	69,381	3,074,025	SH		SOLE		3,074,025	0	0
MARATHON OIL CORP	COM	565849106	169	10,100	SH		SOLE		10,100	0	0
MARATHON PETE CORP	COM	56585A102	3,920	65,500	SH		SOLE		65,500	0	0
MARRIOTT INTL INC NEW	CL A	571903202	325	2,600	SH		SOLE		2,600	0	0
MAXAR TECHNOLOGIES INC	COM	57778K105	492	91,800	SH		SOLE		91,800	0	0
MCDONALDS CORP	COM	580135101	9,624	50,700	SH		SOLE		50,700	0	0
MEDTRONIC PLC	SHS	G5960L103	6,067	66,600	SH		SOLE		66,600	0	0
MERCK & CO INC	COM	58933Y105	13,369	160,800	SH		SOLE		160,800	0	0
METHANEX CORP	COM	59151K108	4,738	62,500	SH		SOLE		62,500	0	0
METLIFE INC	COM	59156R108	306	7,200	SH		SOLE		7,200	0	0
MICROSOFT CORP	COM	594918104	2,548	21,600	SH		SOLE		21,600	0	0
MOLSON COORS BREWING CO	CL B	60871R209	2,828	47,400	SH		SOLE		47,400	0	0
MONDELEZ INTL INC	CL A	609207105	5,339	107,000	SH		SOLE		107,000	0	0
MORGAN STANLEY	COM NEW	617446448	4,892	115,900	SH		SOLE		115,900	0	0
MOUNTAIN PROV DIAMONDS INC	COM NEW	62426E402	623	532,200	SH		SOLE		532,200	0	0
MYLAN N V	SHS EURO	N59465109	295	10,400	SH		SOLE		10,400	0	0
NEKTAR THERAPEUTICS	COM	640268108	202	6,000	SH		SOLE		6,000	0	0
NEW GOLD INC CDA	COM	644535106	2,103	1,845,100	SH		SOLE		1,845,100	0	0
NEXGEN ENERGY LTD	COM	65340P106	1,565	727,800	SH		SOLE		727,800	0	0
NEXTERA ENERGY INC	COM	65339F101	3,749	19,400	SH		SOLE		19,400	0	0
NORBORD INC	COM NEW	65548P403	10,875	297,300	SH		SOLE		297,300	0	0
NORTH AMERN CONSTR GROUP LTD	COM	656811106	3,458	224,567	SH		SOLE		224,567	0	0
NORTHROP GRUMMAN CORP	COM	666807102	405	1,500	SH		SOLE		1,500	0	0
NUTRIEN LTD	COM	67077M108	57,339	815,637	SH		SOLE		815,637	0	0
NVIDIA CORP	COM	67066G104	557	3,100	SH		SOLE		3,100	0	0
OCCIDENTAL PETE CORP	COM	674599105	1,370	20,700	SH		SOLE		20,700	0	0
OPEN TEXT CORP	COM	683715106	32,673	637,640	SH		SOLE		637,640	0	0
ORACLE CORP	COM	68389X105	569	10,600	SH		SOLE		10,600	0	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	21,936	1,462,400	SH		SOLE		1,462,400	0	0
PAN AMERICAN SILVER CORP	COM	697900108	15,283	865,900	SH		SOLE		865,900	0	0
PARKER HANNIFIN CORP	COM	701094104	223	1,300	SH		SOLE		1,300	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	50,701	1,739,904	SH		SOLE		1,739,904	0	0
PAYPAL HLDGS INC	COM	70450Y103	322	3,100	SH		SOLE		3,100	0	0
PEMBINA PIPELINE CORP	COM	706327103	79,673	1,624,644	SH		SOLE		1,624,644	0	0
PEPSICO INC	COM	713448108	6,996	57,100	SH		SOLE		57,100	0	0
PFIZER INC	COM	717081103	12,728	299,700	SH		SOLE		299,700	0	0
PHILIP MORRIS INTL INC	COM	718172109	9,987	113,000	SH		SOLE		113,000	0	0
PIONEER NAT RES CO	COM	723787107	335	2,200	SH		SOLE		2,200	0	0
POINTS INTL LTD	COM NEW	730843208	2,081	117,000	SH		SOLE		117,000	0	0
PPL CORP	COM	69351T106	4,485	141,300	SH		SOLE		141,300	0	0
PRETIUM RES INC	COM	74139C102	2,927	257,000	SH		SOLE		257,000	0	0
PROCTER AND GAMBLE CO	COM	742718109	14,763	141,900	SH		SOLE		141,900	0	0
PROLOGIS INC	COM	74340W103	4,065	56,500	SH		SOLE		56,500	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	4,164	70,100	SH		SOLE		70,100	0	0
QUALCOMM INC	COM	747525103	9,011	158,000	SH		SOLE		158,000	0	0
QUANTA SVCS INC	COM	74762E102	279	7,400	SH		SOLE		7,400	0	0
RAYTHEON CO	COM NEW	755111507	273	1,500	SH		SOLE		1,500	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	46,834	539,062	SH		SOLE		539,062	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	33,260	463,430	SH		SOLE		463,430	0	0
ROYAL BK CDA MONTREAL QUE	COM	780087102	48,041	476,600	SH		SOLE		476,600	0	0
RYANAIR HLDGS PLC	SPONSORED ADS	783513203	517	6,900	SH		SOLE		6,900	0	0
SALESFORCE COM INC	COM	79466L302	634	4,000	SH		SOLE		4,000	0	0
SCHLUMBERGER LTD	COM	806857108	1,691	38,800	SH		SOLE		38,800	0	0
SEALED AIR CORP NEW	COM	81211K100	217	4,700	SH		SOLE		4,700	0	0
SEMPRA ENERGY	COM	816851109	4,796	38,100	SH		SOLE		38,100	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	44,876	1,616,000	SH		SOLE		1,616,000	0	0
SHOPIFY INC	CL A	82509L107	7,377	26,780	SH		SOLE		26,780	0	0
SILVERCREST METALS INC	COM	828363101	1,296	300,000	SH		SOLE		300,000	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	7,052	38,700	SH		SOLE		38,700	0	0
SKECHERS U S A INC	CL A	830566105	373	11,100	SH		SOLE		11,100	0	0
SL GREEN RLTY CORP	COM	78440X101	2,159	24,000	SH		SOLE		24,000	0	0
SOUTHERN CO	COM	842587107	6,358	123,100	SH		SOLE		123,100	0	0
SPDR SERIES TRUST	GLB DOW ETF	78464A706	9,086	109,334	SH		SOLE		109,334	0	0
S&P GLOBAL INC	COM	78409V104	569	2,700	SH		SOLE		2,700	0	0
SSR MNG INC	COM	784730103	3,948	234,600	SH		SOLE		234,600	0	0
STANTEC INC	COM	85472N109	3,791	120,200	SH		SOLE		120,200	0	0
STARBUCKS CORP	COM	855244109	3,166	42,600	SH		SOLE		42,600	0	0
STATE STR CORP	COM	857477103	336	5,100	SH		SOLE		5,100	0	0
SUMMIT MATLS INC	CL A	86614U100	170	10,700	SH		SOLE		10,700	0	0
SUNCOR ENERGY INC NEW	COM	867224107	45,336	1,047,016	SH		SOLE		1,047,016	0	0
SUN LIFE FINL INC	COM	866796105	14,104	274,725	SH		SOLE		274,725	0	0
TARGET CORP	COM	87612E106	3,595	44,800	SH		SOLE		44,800	0	0
TECK RESOURCES LTD	CL B	878742204	20,919	678,100	SH		SOLE		678,100	0	0
TELUS CORP	COM	87971M103	64,818	1,312,380	SH		SOLE		1,312,380	0	0
TEXAS INSTRS INC	COM	882508104	4,062	38,300	SH		SOLE		38,300	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	575	2,100	SH		SOLE		2,100	0	0
THOMSON REUTERS CORP	COM NEW	884903709	5,970	75,665	SH		SOLE		75,665	0	0
TJX COS INC NEW	COM	872540109	341	6,400	SH		SOLE		6,400	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	144,452	1,991,895	SH		SOLE		1,991,895	0	0
TRANSALTA CORP	COM	89346D107	8,247	845,000	SH		SOLE		845,000	0	0
TRANSCANADA CORP	COM	89353D107	75,587	1,259,580	SH		SOLE		1,259,580	0	0
TYSON FOODS INC	CL A	902494103	1,916	27,600	SH		SOLE		27,600	0	0
UNION PACIFIC CORP	COM	907818108	6,703	40,100	SH		SOLE		40,100	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	816	3,300	SH		SOLE		3,300	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	7,621	68,200	SH		SOLE		68,200	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	7,992	62,000	SH		SOLE		62,000	0	0
VALERO ENERGY CORP NEW	COM	91913Y100	212	2,500	SH		SOLE		2,500	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	9,653	163,300	SH		SOLE		163,300	0	0
VERMILION ENERGY INC	COM	923725105	32,555	988,000	SH		SOLE		988,000	0	0
V F CORP	COM	918204108	3,312	38,100	SH		SOLE		38,100	0	0
VISA INC	COM CL A	92826C839	1,437	9,200	SH		SOLE		9,200	0	0
VORNADO RLTY TR	SH BEN INT	929042109	2,691	39,900	SH		SOLE		39,900	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	3,150	49,800	SH		SOLE		49,800	0	0
WALMART INC	COM	931142103	10,727	110,000	SH		SOLE		110,000	0	0
WASTE CONNECTIONS INC	COM	94106B101	10,422	88,216	SH		SOLE		88,216	0	0
WASTE MGMT INC DEL	COM	94106L109	3,251	31,300	SH		SOLE		31,300	0	0
WELLS FARGO CO NEW	COM	949746101	7,330	151,700	SH		SOLE		151,700	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	18,937	595,500	SH		SOLE		595,500	0	0
WHIRLPOOL CORP	COM	963320106	2,073	15,600	SH		SOLE		15,600	0	0
WILLIAMS COS INC DEL	COM	969457100	3,688	128,400	SH		SOLE		128,400	0	0
XEROX CORP	COM NEW	984121608	2,273	71,100	SH		SOLE		71,100	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	358	2,800	SH		SOLE		2,800	0	0