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
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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
3M CO	COM	88579Y101	3,105,928	25,900	SH		SOLE		25,900	0	0
ABBOTT LABS	COM	002824100	570,908	5,200	SH		SOLE		5,200	0	0
ABBVIE INC	COM	00287Y109	17,356,914	107,400	SH		SOLE		107,400	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	00B4BNMY3	800,520	3,000	SH		SOLE		3,000	0	0
ADOBE SYSTEMS INCORPORATED	COM	00724F101	706,713	2,100	SH		SOLE		2,100	0	0
ADVANCE AUTO PARTS INC	COM	00751Y106	3,602,235	24,500	SH		SOLE		24,500	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	825,882	12,751	SH		SOLE		12,751	0	0
AGNICO EAGLE MINES LTD	COM	008474108	13,242,646	254,840	SH		SOLE		254,840	0	0
AIR PRODS & CHEMS INC	COM	009158106	6,966,676	22,600	SH		SOLE		22,600	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	434,145	5,150	SH		SOLE		5,150	0	0
ALAMOS GOLD INC NEW	COM CL A	011532108	2,650,238	262,120	SH		SOLE		262,120	0	0
ALASKA AIR GROUP INC	COM	011659109	360,696	8,400	SH		SOLE		8,400	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	3,233,874	22,200	SH		SOLE		22,200	0	0
ALGONQUIN PWR UTILS CORP	COM	015857105	26,234,022	4,027,309	SH		SOLE		4,027,309	0	0
ALIGN TECHNOLOGY INC	COM	016255101	379,620	1,800	SH		SOLE		1,800	0	0
ALLSTATE CORP	COM	020002101	732,240	5,400	SH		SOLE		5,400	0	0
ALPHABET INC	CAP STK CL C	02079K107	593,604	6,690	SH		SOLE		6,690	0	0
ALPHABET INC	CAP STK CL A	02079K305	2,666,311	30,220	SH		SOLE		30,220	0	0
ALTRIA GROUP INC	COM	02209S103	13,726,713	300,300	SH		SOLE		300,300	0	0
AMAZON COM INC	COM	023135106	3,309,600	39,400	SH		SOLE		39,400	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	2,778,908	92,200	SH		SOLE		92,200	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	746,232	11,800	SH		SOLE		11,800	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	2,605,878	12,300	SH		SOLE		12,300	0	0
AMGEN INC	COM	031162100	9,323,720	35,500	SH		SOLE		35,500	0	0
ANALOG DEVICES INC	COM	032654105	6,840,051	41,700	SH		SOLE		41,700	0	0
APPLE INC	COM	037833100	6,639,423	51,100	SH		SOLE		51,100	0	0
APPLIED MATLS INC	COM	038222105	370,044	3,800	SH		SOLE		3,800	0	0
AT&T INC	COM	00206R102	6,791,449	368,900	SH		SOLE		368,900	0	0
AVALONBAY CMNTYS INC	COM	053484101	2,196,672	13,600	SH		SOLE		13,600	0	0
B2GOLD CORP	COM	11777Q209	12,063,366	3,395,800	SH		SOLE		3,395,800	0	0
BAKER HUGHES COMPANY	CL A	05722G100	2,046,429	69,300	SH		SOLE		69,300	0	0
BANK MONTREAL QUE	COM	063671101	75,385,441	832,153	SH		SOLE		832,153	0	0
BANK NEW YORK MELLON CORP	COM	064058100	5,776,488	126,900	SH		SOLE		126,900	0	0
BANK NOVA SCOTIA HALIFAX	COM	064149107	41,909,340	855,370	SH		SOLE		855,370	0	0
BARRICK GOLD CORP	COM	067901108	65,820,406	3,839,760	SH		SOLE		3,839,760	0	0
BATH & BODY WORKS INC	COM	070830104	404,544	9,600	SH		SOLE		9,600	0	0
BAXTER INTL INC	COM	071813109	147,813	2,900	SH		SOLE		2,900	0	0
BCE INC	COM NEW	05534B760	36,631,605	833,740	SH		SOLE		833,740	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,606,280	5,200	SH		SOLE		5,200	0	0
BIOGEN INC	COM	09062X103	498,456	1,800	SH		SOLE		1,800	0	0
BK OF AMERICA CORP	COM	060505104	11,572,128	349,400	SH		SOLE		349,400	0	0
BLACKROCK INC	COM	09247X101	2,976,246	4,200	SH		SOLE		4,200	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	768,082	16,600	SH		SOLE		16,600	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	13,598,550	189,000	SH		SOLE		189,000	0	0
BROADCOM INC	COM	11135F101	11,573,991	20,700	SH		SOLE		20,700	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	0	0	SH		SOLE		0	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	00B2NR6V4	27,027,449	872,560	SH		SOLE		872,560	0	0
BROOKFIELD RENEWABLE CORP	CL A SUB VTG	11284V105	0	0	SH		SOLE		0	0	0
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	00B712JY0	15,920,199	628,820	SH		SOLE		628,820	0	0
BRP INC	COM SUN VTG	05577W200	53,369	700	SH		SOLE		700	0	0
CAMECO CORP	COM	13321L108	2,696,368	118,960	SH		SOLE		118,960	0	0
CANADIAN IMPERIAL BK COMM TO	COM	136069101	26,165,538	646,853	SH		SOLE		646,853	0	0
CANADIAN NAT RES LTD	COM	136385101	51,718,947	931,340	SH		SOLE		931,340	0	0
CANADIAN NATL RY CO	COM	136375102	31,793,103	267,644	SH		SOLE		267,644	0	0
CANADIAN PAC RY LTD	COM	13645T100	27,178,215	364,530	SH		SOLE		364,530	0	0
CAPITAL ONE FINL CORP	COM	14040H105	483,392	5,200	SH		SOLE		5,200	0	0
CATALENT INC	COM	148806102	553,623	12,300	SH		SOLE		12,300	0	0
CATERPILLAR INC	COM	149123101	2,754,940	11,500	SH		SOLE		11,500	0	0
CELESTICA INC	SUB VTG SHS	15101Q108	6,296,835	558,710	SH		SOLE		558,710	0	0
CENOVUS ENERGY INC	COM	15135U109	42,465,785	2,188,758	SH		SOLE		2,188,758	0	0
CENTERRA GOLD INC	COM	152006102	1,532,467	296,000	SH		SOLE		296,000	0	0
CHEVRON CORP NEW	COM	166764100	10,033,491	55,900	SH		SOLE		55,900	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	554,996	400	SH		SOLE		400	0	0
CI FINL CORP	COM	125491100	30,318,655	3,038,598	SH		SOLE		3,038,598	0	0
CISCO SYS INC	COM	17275R102	12,305,412	258,300	SH		SOLE		258,300	0	0
CITIGROUP INC	COM NEW	172967424	1,433,791	31,700	SH		SOLE		31,700	0	0
CITIZENS FINL GROUP INC	COM	174610105	3,204,718	81,400	SH		SOLE		81,400	0	0
CMS ENERGY CORP	COM	125896100	2,482,536	39,200	SH		SOLE		39,200	0	0
COCA COLA CO	COM	191216100	19,254,747	302,700	SH		SOLE		302,700	0	0
COLGATE PALMOLIVE CO	COM	194162103	5,231,656	66,400	SH		SOLE		66,400	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	6,212,019	67,624	SH		SOLE		67,624	0	0
COMCAST CORP NEW	CL A	20030N101	10,116,821	289,300	SH		SOLE		289,300	0	0
CONAGRA BRANDS INC	COM	205887102	3,397,860	87,800	SH		SOLE		87,800	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	556,200	2,400	SH		SOLE		2,400	0	0
CONSTELLATION ENERGY CORP	COM	21037T109	172	2	SH		SOLE		2	0	0
CORNING INC	COM	219350105	4,129,842	129,300	SH		SOLE		129,300	0	0
CORTEVA INC	COM	22052L104	352,680	6,000	SH		SOLE		6,000	0	0
COSTCO WHSL CORP NEW	COM	22160K105	5,614,950	12,300	SH		SOLE		12,300	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	30,049,449	4,211,900	SH		SOLE		4,211,900	0	0
CRONOS GROUP INC	COM	22717L101	2,940,666	1,157,460	SH		SOLE		1,157,460	0	0
CROWN CASTLE INC	COM	22822V101	6,063,108	44,700	SH		SOLE		44,700	0	0
CUMMINS INC	COM	231021106	3,949,327	16,300	SH		SOLE		16,300	0	0
CVS HEALTH CORP	COM	126650100	8,592,118	92,200	SH		SOLE		92,200	0	0
DANAHER CORPORATION	COM	235851102	265,420	1,000	SH		SOLE		1,000	0	0
DEERE & CO	COM	244199105	385,884	900	SH		SOLE		900	0	0
DIGITAL RLTY TR INC	COM	253868103	4,662,555	46,500	SH		SOLE		46,500	0	0
DISNEY WALT CO	COM	254687106	903,552	10,400	SH		SOLE		10,400	0	0
DOMINION ENERGY INC	COM	25746U109	6,708,408	109,400	SH		SOLE		109,400	0	0
DOW INC	COM	260557103	1,184,165	23,500	SH		SOLE		23,500	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	6,519,267	63,300	SH		SOLE		63,300	0	0
DUPONT DE NEMOURS INC	COM	26614N102	553,570	8,066	SH		SOLE		8,066	0	0
EASTMAN CHEM CO	COM	277432100	1,995,280	24,500	SH		SOLE		24,500	0	0
EATON CORP PLC	SHS	00B8KQN82	2,040,350	13,000	SH		SOLE		13,000	0	0
EDWARDS LIFESCIENCES CORP	COM	28176E108	634,185	8,500	SH		SOLE		8,500	0	0
ELEVANCE HEALTH INC	COM	036752103	974,643	1,900	SH		SOLE		1,900	0	0
EMERSON ELEC CO	COM	291011104	5,590,692	58,200	SH		SOLE		58,200	0	0
ENBRIDGE INC	COM	29250N105	48,395,262	1,238,231	SH		SOLE		1,238,231	0	0
ENERPLUS CORP	COM	292766102	1,347,685	76,350	SH		SOLE		76,350	0	0
EOG RES INC	COM	26875P101	6,463,048	49,900	SH		SOLE		49,900	0	0
EXELON CORP	COM	30161N101	6,458,562	149,400	SH		SOLE		149,400	0	0
EXXON MOBIL CORP	COM	30231G102	4,831,140	43,800	SH		SOLE		43,800	0	0
F5 INC	COM	315616102	172,212	1,200	SH		SOLE		1,200	0	0
FEDERAL RLTY INVT TR NEW	SH BEN INT NEW	313745101	2,819,016	27,900	SH		SOLE		27,900	0	0
FEDEX CORP	COM	31428X106	0	0	SH		SOLE		0	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	2,788,635	41,100	SH		SOLE		41,100	0	0
FIRSTSERVICE CORP NEW	COM	33767E202	4,091,123	33,408	SH		SOLE		33,408	0	0
FORD MTR CO DEL	COM	345370860	1,513,063	130,100	SH		SOLE		130,100	0	0
FORTIS INC	COM	349553107	6,490,396	162,200	SH		SOLE		162,200	0	0
FRANCO NEV CORP	COM	351858105	6,903,654	50,645	SH		SOLE		50,645	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	1,881,000	49,500	SH		SOLE		49,500	0	0
GENERAC HLDGS INC	COM	368736104	362,376	3,600	SH		SOLE		3,600	0	0
GENERAL MTRS CO	COM	37045V100	531,512	15,800	SH		SOLE		15,800	0	0
GFL ENVIRONMENTAL INC	SUB VTG SHS	36168Q104	21,056,364	721,050	SH		SOLE		721,050	0	0
GILEAD SCIENCES INC	COM	375558103	8,026,975	93,500	SH		SOLE		93,500	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	343,380	1,000	SH		SOLE		1,000	0	0
GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	387437114	6,990,651	137,020	SH		SOLE		137,020	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	652,138	8,600	SH		SOLE		8,600	0	0
HEALTHPEAK PROPERTIES INC	COM	42250P103	3,567,461	142,300	SH		SOLE		142,300	0	0
HOME DEPOT INC	COM	437076102	16,424,720	52,000	SH		SOLE		52,000	0	0
HONEYWELL INTL INC	COM	438516106	9,836,370	45,900	SH		SOLE		45,900	0	0
I-80 GOLD CORP	COM	44955L106	1,855,383	664,600	SH		SOLE		664,600	0	0
IMPERIAL OIL LTD	COM NEW	453038408	9,744,088	200,053	SH		SOLE		200,053	0	0
INCYTE CORP	COM	45337C102	449,792	5,600	SH		SOLE		5,600	0	0
INGERSOLL RAND INC	COM	45687V106	182,875	3,500	SH		SOLE		3,500	0	0
INTEL CORP	COM	458140100	5,674,521	214,700	SH		SOLE		214,700	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	902,792	8,800	SH		SOLE		8,800	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	12,546,255	89,050	SH		SOLE		89,050	0	0
IQVIA HLDGS INC	COM	46266C105	573,692	2,800	SH		SOLE		2,800	0	0
JACOBS SOLUTIONS INC	COM	46982L108	360,210	3,000	SH		SOLE		3,000	0	0
JOHNSON & JOHNSON	COM	478160104	11,658,900	66,000	SH		SOLE		66,000	0	0
JOHNSON CTLS INTL PLC	SHS	00BY7QL61	4,640,000	72,500	SH		SOLE		72,500	0	0
JPMORGAN CHASE & CO	COM	46625H100	11,411,910	85,100	SH		SOLE		85,100	0	0
JUNIPER NETWORKS INC	COM	48203R104	265,268	8,300	SH		SOLE		8,300	0	0
KEURIG DR PEPPER INC	COM	49271V100	435,052	12,200	SH		SOLE		12,200	0	0
KKR & CO INC	COM	48251W104	464,200	10,000	SH		SOLE		10,000	0	0
KLA CORP	COM NEW	482480100	546,694	1,450	SH		SOLE		1,450	0	0
KRAFT HEINZ CO	COM	500754106	3,313,794	81,400	SH		SOLE		81,400	0	0
LAMB WESTON HLDGS INC	COM	513272104	196,592	2,200	SH		SOLE		2,200	0	0
LIGHTSPEED COMMERCE INC	SUB VTG SHS	53229C107	7,722,708	540,390	SH		SOLE		540,390	0	0
LILLY ELI & CO	COM	532457108	585,344	1,600	SH		SOLE		1,600	0	0
LOCKHEED MARTIN CORP	COM	539830109	6,421,668	13,200	SH		SOLE		13,200	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	00B3SPXZ3	4,500,226	54,200	SH		SOLE		54,200	0	0
M & T BK CORP	COM	55261F104	377,156	2,600	SH		SOLE		2,600	0	0
MAG SILVER CORP	COM	55903Q104	3,903,534	249,900	SH		SOLE		249,900	0	0
MAGNA INTL INC	COM	559222401	12,315,709	219,241	SH		SOLE		219,241	0	0
MANULIFE FINL CORP	COM	56501R106	82,788,126	4,641,620	SH		SOLE		4,641,620	0	0
MARATHON PETE CORP	COM	56585A102	349,170	3,000	SH		SOLE		3,000	0	0
MASTEC INC	COM	576323109	383,985	4,500	SH		SOLE		4,500	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	1,616,945	4,650	SH		SOLE		4,650	0	0
MCDONALDS CORP	COM	580135101	11,410,849	43,300	SH		SOLE		43,300	0	0
MEDTRONIC PLC	SHS	00BTN1Y11	6,272,004	80,700	SH		SOLE		80,700	0	0
MERCK & CO INC	COM	58933Y105	14,356,930	129,400	SH		SOLE		129,400	0	0
META PLATFORMS INC	CL A	30303M102	1,143,230	9,500	SH		SOLE		9,500	0	0
METLIFE INC	COM	59156R108	506,590	7,000	SH		SOLE		7,000	0	0
MICROCHIP TECHNOLOGY INC.	COM	595017104	505,800	7,200	SH		SOLE		7,200	0	0
MICROSOFT CORP	COM	594918104	9,173,115	38,250	SH		SOLE		38,250	0	0
MOLINA HEALTHCARE INC	COM	60855R100	594,396	1,800	SH		SOLE		1,800	0	0
MONDELEZ INTL INC	CL A	609207105	8,604,515	129,100	SH		SOLE		129,100	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	467,038	4,600	SH		SOLE		4,600	0	0
MORGAN STANLEY	COM NEW	617446448	8,621,028	101,400	SH		SOLE		101,400	0	0
NETAPP INC	COM	64110D104	2,852,850	47,500	SH		SOLE		47,500	0	0
NETFLIX INC	COM	64110L106	575,016	1,950	SH		SOLE		1,950	0	0
NEW GOLD INC CDA	COM	644535106	3,176,382	3,233,700	SH		SOLE		3,233,700	0	0
NEW YORK CMNTY BANCORP INC	COM	649445103	1,154,980	134,300	SH		SOLE		134,300	0	0
NEWMONT CORP	COM	651639106	2,190,080	46,400	SH		SOLE		46,400	0	0
NEXGEN ENERGY LTD	COM	65340P106	4,918,967	1,111,900	SH		SOLE		1,111,900	0	0
NEXTERA ENERGY INC	COM	65339F101	11,779,240	140,900	SH		SOLE		140,900	0	0
NORTH AMERN CONSTR GROUP LTD	COM	656811106	1,738,124	130,167	SH		SOLE		130,167	0	0
NUTRIEN LTD	COM	67077M108	52,212,293	715,179	SH		SOLE		715,179	0	0
NUVEI CORPORATION	SUB VTG SHS	67079A102	202,292	7,960	SH		SOLE		7,960	0	0
NVIDIA CORPORATION	COM	67066G104	1,110,664	7,600	SH		SOLE		7,600	0	0
OBSIDIAN ENERGY LTD	COM	674482203	3,317,427	500,200	SH		SOLE		500,200	0	0
OPEN TEXT CORP	COM	683715106	13,663,912	461,140	SH		SOLE		461,140	0	0
ORACLE CORP	COM	68389X105	294,264	3,600	SH		SOLE		3,600	0	0
ORGANIGRAM HLDGS INC	COM	68620P101	1,062,629	1,308,000	SH		SOLE		1,308,000	0	0
ORLA MNG LTD NEW	COM	68634K106	5,546,153	1,370,345	SH		SOLE		1,370,345	0	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	8,302,227	688,800	SH		SOLE		688,800	0	0
PARKER-HANNIFIN CORP	COM	701094104	523,800	1,800	SH		SOLE		1,800	0	0
PAYCHEX INC	COM	704326107	2,022,300	17,500	SH		SOLE		17,500	0	0
PAYPAL HLDGS INC	COM	70450Y103	551,955	7,750	SH		SOLE		7,750	0	0
PEMBINA PIPELINE CORP	COM	706327103	28,135,531	828,884	SH		SOLE		828,884	0	0
PEPSICO INC	COM	713448108	9,773,706	54,100	SH		SOLE		54,100	0	0
PFIZER INC	COM	717081103	16,996,308	331,700	SH		SOLE		331,700	0	0
PHILIP MORRIS INTL INC	COM	718172109	10,070,395	99,500	SH		SOLE		99,500	0	0
PHILLIPS 66	COM	718546104	5,099,920	49,000	SH		SOLE		49,000	0	0
PIONEER NAT RES CO	COM	723787107	7,559,709	33,100	SH		SOLE		33,100	0	0
PROCTER AND GAMBLE CO	COM	742718109	15,898,644	104,900	SH		SOLE		104,900	0	0
PROLOGIS INC.	COM	74340W103	4,227,375	37,500	SH		SOLE		37,500	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	4,154,106	67,800	SH		SOLE		67,800	0	0
PULTE GROUP INC	COM	745867101	400,664	8,800	SH		SOLE		8,800	0	0
QUALCOMM INC	COM	747525103	3,490,595	31,750	SH		SOLE		31,750	0	0
RAYTHEON TECHNOLOGIES CORP	COM	75513E101	11,024,299	109,238	SH		SOLE		109,238	0	0
REGENCY CTRS CORP	COM	758849103	3,593,750	57,500	SH		SOLE		57,500	0	0
REPUBLIC SVCS INC	COM	760759100	2,605,598	20,200	SH		SOLE		20,200	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	23,353,574	361,091	SH		SOLE		361,091	0	0
RITCHIE BROS AUCTIONEERS	COM	767744105	43,404,066	751,427	SH		SOLE		751,427	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	73,288,294	1,565,920	SH		SOLE		1,565,920	0	0
ROYAL BK CDA	COM	780087102	29,283,795	311,471	SH		SOLE		311,471	0	0
SALESFORCE INC	COM	79466L302	543,619	4,100	SH		SOLE		4,100	0	0
SCHWAB CHARLES CORP	COM	808513105	1,148,988	13,800	SH		SOLE		13,800	0	0
SEMPRA	COM	816851109	5,362,538	34,700	SH		SOLE		34,700	0	0
SERVICENOW INC	COM	81762P102	407,684	1,050	SH		SOLE		1,050	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	31,280,604	1,085,720	SH		SOLE		1,085,720	0	0
SHOPIFY INC	CL A	82509L107	11,188,068	322,243	SH		SOLE		322,243	0	0
SIGNATURE BK NEW YORK N Y	COM	82669G104	1,405,684	12,200	SH		SOLE		12,200	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	2,349,600	20,000	SH		SOLE		20,000	0	0
SKECHERS U S A INC	CL A	830566105	570,520	13,600	SH		SOLE		13,600	0	0
SKEENA RES LTD NEW	COM	83056P715	2,661,283	499,775	SH		SOLE		499,775	0	0
SOUTHERN CO	COM	842587107	9,661,773	135,300	SH		SOLE		135,300	0	0
SPDR SER TR	GLB DOW ETF	78464A706	11,549,743	114,286	SH		SOLE		114,286	0	0
SPROTT INC	COM NEW	852066208	1,094,399	32,900	SH		SOLE		32,900	0	0
SSR MNG INC	COM	784730103	6,364,199	406,660	SH		SOLE		406,660	0	0
STANLEY BLACK & DECKER INC	COM	854502101	1,412,256	18,800	SH		SOLE		18,800	0	0
STANTEC INC	COM	85472N109	11,885,882	248,050	SH		SOLE		248,050	0	0
STARBUCKS CORP	COM	855244109	4,761,600	48,000	SH		SOLE		48,000	0	0
STRYKER CORPORATION	COM	863667101	782,368	3,200	SH		SOLE		3,200	0	0
SUN LIFE FINANCIAL INC.	COM	866796105	11,378,264	245,126	SH		SOLE		245,126	0	0
SUNCOR ENERGY INC NEW	COM	867224107	91,928,987	2,898,064	SH		SOLE		2,898,064	0	0
SVB FINANCIAL GROUP	COM	78486Q101	230,140	1,000	SH		SOLE		1,000	0	0
SYNCHRONY FINANCIAL	COM	87165B103	1,596,996	48,600	SH		SOLE		48,600	0	0
SYNOPSYS INC	COM	871607107	606,651	1,900	SH		SOLE		1,900	0	0
SYSCO CORP	COM	871829107	856,240	11,200	SH		SOLE		11,200	0	0
TAKE-TWO INTERACTIVE SOFTWAR	COM	874054109	426,933	4,100	SH		SOLE		4,100	0	0
TARGET CORP	COM	87612E106	238,464	1,600	SH		SOLE		1,600	0	0
TC ENERGY CORP	COM	87807B107	95,376,361	2,392,360	SH		SOLE		2,392,360	0	0
TECK RESOURCES LTD	CL B	878742204	24,985,094	661,126	SH		SOLE		661,126	0	0
TELUS CORPORATION	COM	87971M103	43,389,540	2,248,352	SH		SOLE		2,248,352	0	0
TELUS INTL CDA INC	SUB VTG SHS	87975H100	158,320	8,000	SH		SOLE		8,000	0	0
TESLA INC	COM	88160R101	1,207,164	9,800	SH		SOLE		9,800	0	0
TEXAS INSTRS INC	COM	882508104	5,980,964	36,200	SH		SOLE		36,200	0	0
TEXTRON INC	COM	883203101	2,619,600	37,000	SH		SOLE		37,000	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	1,101,380	2,000	SH		SOLE		2,000	0	0
THOMSON REUTERS CORP.	COM NEW	884903709	16,182,366	141,855	SH		SOLE		141,855	0	0
TJX COS INC NEW	COM	872540109	636,800	8,000	SH		SOLE		8,000	0	0
T-MOBILE US INC	COM	872590104	350,000	2,500	SH		SOLE		2,500	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	118,161,613	1,824,921	SH		SOLE		1,824,921	0	0
TRANSALTA CORP	COM	89346D107	29,084,392	3,251,880	SH		SOLE		3,251,880	0	0
TRICON RESIDENTIAL INC	COM NPV	89612W102	6,750,586	875,507	SH		SOLE		875,507	0	0
TRUIST FINL CORP	COM	89832Q109	6,226,441	144,700	SH		SOLE		144,700	0	0
TYSON FOODS INC	CL A	902494103	3,660,300	58,800	SH		SOLE		58,800	0	0
UNION PAC CORP	COM	907818108	993,936	4,800	SH		SOLE		4,800	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	8,778,920	50,500	SH		SOLE		50,500	0	0
UNITED RENTALS INC	COM	911363109	568,672	1,600	SH		SOLE		1,600	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	1,219,414	2,300	SH		SOLE		2,300	0	0
V F CORP	COM	918204108	3,150,301	114,100	SH		SOLE		114,100	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	13,636,340	346,100	SH		SOLE		346,100	0	0
VERMILION ENERGY INC	COM	923725105	13,000,096	734,340	SH		SOLE		734,340	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	693,072	2,400	SH		SOLE		2,400	0	0
VISA INC	COM CL A	92826C839	831,040	4,000	SH		SOLE		4,000	0	0
WALMART INC	COM	931142103	368,654	2,600	SH		SOLE		2,600	0	0
WASTE CONNECTIONS INC	COM	94106B101	1,307,924	9,867	SH		SOLE		9,867	0	0
WELLS FARGO CO NEW	COM	949746101	4,430,417	107,300	SH		SOLE		107,300	0	0
WEST FRASER TIMBER CO LTD	COM	952845105	2,716,475	37,620	SH		SOLE		37,620	0	0
WESTROCK CO	COM	96145D105	3,294,492	93,700	SH		SOLE		93,700	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	1,767,000	57,000	SH		SOLE		57,000	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	54,697	1,400	SH		SOLE		1,400	0	0
WILLIAMS COS INC	COM	969457100	3,540,040	107,600	SH		SOLE		107,600	0	0
WYNDHAM HOTELS & RESORTS INC	COM	98311A105	285,240	4,000	SH		SOLE		4,000	0	0
ZOETIS INC	CL A	98978V103	732,750	5,000	SH		SOLE		5,000	0	0