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
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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	234,050	2,500	SH		SOLE		2,500	0	0
ABBOTT LABS	COM	002824100	6,982,885	72,100	SH		SOLE		72,100	0	0
ABBVIE INC	COM	00287Y109	11,090,064	74,400	SH		SOLE		74,400	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	00B4BNMY3	1,028,819	3,350	SH		SOLE		3,350	0	0
ADOBE INC	COM	00724F101	1,121,780	2,200	SH		SOLE		2,200	0	0
ADVANCED MICRO DEVICES INC	COM	007903107	673,574	6,551	SH		SOLE		6,551	0	0
AES CORP	COM	00130H105	3,021,760	198,800	SH		SOLE		198,800	0	0
AGILENT TECHNOLOGIES INC	COM	00846U101	156,548	1,400	SH		SOLE		1,400	0	0
AIR PRODS & CHEMS INC	COM	009158106	6,433,180	22,700	SH		SOLE		22,700	0	0
AKAMAI TECHNOLOGIES INC	COM	00971T101	543,354	5,100	SH		SOLE		5,100	0	0
ALBEMARLE CORP	COM	012653101	3,332,784	19,600	SH		SOLE		19,600	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	2,002,000	20,000	SH		SOLE		20,000	0	0
ALGOMA STL GROUP INC	COM	015658107	7,347,387	1,083,600	SH		SOLE		907,900	0	175,700
ALGONQUIN PWR UTILS CORP	COM	015857105	28,697,047	4,848,159	SH		SOLE		4,848,159	0	0
ALLSTATE CORP	COM	020002101	713,024	6,400	SH		SOLE		6,400	0	0
ALPHABET INC	CAP STK CL C	02079K107	854,388	6,480	SH		SOLE		6,480	0	0
ALPHABET INC	CAP STK CL A	02079K305	4,022,636	30,740	SH		SOLE		30,740	0	0
ALTRIA GROUP INC	COM	02209S103	7,173,730	170,600	SH		SOLE		170,600	0	0
AMAZON COM INC	COM	023135106	4,144,112	32,600	SH		SOLE		32,600	0	0
AMERICAN EXPRESS CO	COM	025816109	3,416,451	22,900	SH		SOLE		22,900	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	618,120	10,200	SH		SOLE		10,200	0	0
AMERICAN TOWER CORP NEW	COM	03027X100	4,900,610	29,800	SH		SOLE		29,800	0	0
AMGEN INC	COM	031162100	4,810,804	17,900	SH		SOLE		17,900	0	0
APPLE INC	COM	037833100	7,875,660	46,000	SH		SOLE		46,000	0	0
AT&T INC	COM	00206R102	13,947,572	928,600	SH		SOLE		928,600	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	3,861,309	16,050	SH		SOLE		16,050	0	0
AVALONBAY CMNTYS INC	COM	053484101	3,829,802	22,300	SH		SOLE		22,300	0	0
B2GOLD CORP	COM	11777Q209	32,302,067	11,250,230	SH		SOLE		10,487,430	0	762,800
BANK AMERICA CORP	COM	060505104	7,105,110	259,500	SH		SOLE		259,500	0	0
BANK MONTREAL QUE	COM	063671101	54,260,880	643,241	SH		SOLE		544,081	0	99,160
BANK NEW YORK MELLON CORP	COM	064058100	4,218,085	98,900	SH		SOLE		98,900	0	0
BANK NOVA SCOTIA HALIFAX	COM	064149107	19,737,302	440,361	SH		SOLE		412,934	0	27,427
BARRICK GOLD CORP	COM	067901108	41,273,365	2,841,440	SH		SOLE		2,437,440	0	404,000
BAXTER INTL INC	COM	071813109	434,010	11,500	SH		SOLE		11,500	0	0
BAYTEX ENERGY CORP	COM	07317Q105	0	0	SH		SOLE		0	0	0
BCE INC	COM NEW	05534B760	23,749,537	622,160	SH		SOLE		622,160	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	1,611,380	4,600	SH		SOLE		4,600	0	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	424,704	4,800	SH		SOLE		4,800	0	0
BOEING CO	COM	097023105	191,680	1,000	SH		SOLE		1,000	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	855,360	16,200	SH		SOLE		16,200	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	3,412,752	58,800	SH		SOLE		58,800	0	0
BROADCOM INC	COM	11135F101	15,274,366	18,390	SH		SOLE		18,390	0	0
BROOKFIELD ASSET MANAGMT LTD	CL A LMT VTG SHS	113004105	1,395,853	41,891	SH		SOLE		41,891	0	0
BROOKFIELD CORP	CL A LTD VT SH	11271J107	49,283,710	1,576,220	SH		SOLE		1,361,645	0	214,575
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	00B2NR6V4	23,833,950	812,184	SH		SOLE		812,184	0	0
BROOKFIELD INFRASTRUCTURE CO	COM SB VTG SHS A	11275Q107	756,555	21,400	SH		SOLE		21,400	0	0
BROOKFIELD RENEWABLE PARTNER	PARTNERSHIP UNIT	00B712JY0	4,359,042	200,640	SH		SOLE		200,640	0	0
BRP INC	COM SUN VTG	05577W200	2,240,553	29,570	SH		SOLE		21,600	0	7,970
CAMECO CORP	COM	13321L108	3,771,467	95,060	SH		SOLE		59,860	0	35,200
CANADIAN IMPERIAL BK COMM TO	COM	136069101	99,427,977	2,575,873	SH		SOLE		2,339,573	0	236,300
CANADIAN NAT RES LTD	COM	136385101	35,599,677	550,490	SH		SOLE		477,290	0	73,200
CANADIAN NATL RY CO	COM	136375102	36,698,755	338,894	SH		SOLE		306,983	0	31,911
CANADIAN PACIFIC KANSAS CITY	COM	13646K108	29,163,414	392,360	SH		SOLE		257,060	0	135,300
CASELLA WASTE SYS INC	CL A	147448104	244,160	3,200	SH		SOLE		3,200	0	0
CATERPILLAR INC	COM	149123101	2,959,320	10,840	SH		SOLE		10,840	0	0
CELESTICA INC	SUB VTG SHS	15101Q108	1,578,429	64,500	SH		SOLE		39,400	0	25,100
CENOVUS ENERGY INC	COM	15135U109	56,597,247	2,718,389	SH		SOLE		2,428,917	0	289,472
CENTERRA GOLD INC	COM	152006102	10,579,124	2,164,100	SH		SOLE		1,857,700	0	306,400
CHEVRON CORP NEW	COM	166764100	10,016,028	59,400	SH		SOLE		59,400	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	457,958	250	SH		SOLE		250	0	0
CISCO SYS INC	COM	17275R102	14,684,544	273,150	SH		SOLE		273,150	0	0
CMS ENERGY CORP	COM	125896100	3,117,557	58,700	SH		SOLE		58,700	0	0
COCA COLA CO	COM	191216100	14,319,684	255,800	SH		SOLE		255,800	0	0
COLGATE PALMOLIVE CO	COM	194162103	1,045,317	14,700	SH		SOLE		14,700	0	0
COMCAST CORP NEW	CL A	20030N101	7,245,156	163,400	SH		SOLE		163,400	0	0
CONAGRA BRANDS INC	COM	205887102	0	0	SH		SOLE		0	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	527,793	2,100	SH		SOLE		2,100	0	0
CONSTELLATION ENERGY CORP	COM	21037T109	218	2	SH		SOLE		2	0	0
CORNING INC	COM	219350105	3,689,917	121,100	SH		SOLE		121,100	0	0
CORTEVA INC	COM	22052L104	306,960	6,000	SH		SOLE		6,000	0	0
CRESCENT PT ENERGY CORP	COM	22576C101	14,389,522	1,735,816	SH		SOLE		1,735,816	0	0
CRONOS GROUP INC	COM	22717L101	2,211,215	1,108,300	SH		SOLE		735,010	0	373,290
CROWN CASTLE INC	COM	22822V101	4,113,741	44,700	SH		SOLE		44,700	0	0
CSX CORP	COM	126408103	4,360,350	141,800	SH		SOLE		141,800	0	0
CUMMINS INC	COM	231021106	4,340,740	19,000	SH		SOLE		19,000	0	0
CVS HEALTH CORP	COM	126650100	9,795,746	140,300	SH		SOLE		140,300	0	0
DANAHER CORPORATION	COM	235851102	1,116,450	4,500	SH		SOLE		4,500	0	0
DEERE & CO	COM	244199105	358,511	950	SH		SOLE		950	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	214,600	5,800	SH		SOLE		5,800	0	0
DENISON MINES CORP	COM	248356107	2,773,586	1,689,400	SH		SOLE		1,032,800	0	656,600
DEXCOM INC	COM	252131107	634,440	6,800	SH		SOLE		6,800	0	0
DIAMONDBACK ENERGY INC	COM	25278X109	3,500,288	22,600	SH		SOLE		22,600	0	0
DIGITAL RLTY TR INC	COM	253868103	5,615,328	46,400	SH		SOLE		46,400	0	0
DISNEY WALT CO	COM	254687106	757,818	9,350	SH		SOLE		9,350	0	0
DOMINION ENERGY INC	COM	25746U109	3,828,219	85,700	SH		SOLE		85,700	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	2,744,886	31,100	SH		SOLE		31,100	0	0
DUPONT DE NEMOURS INC	COM	26614N102	223,770	3,000	SH		SOLE		3,000	0	0
EASTMAN CHEM CO	COM	277432100	2,516,416	32,800	SH		SOLE		32,800	0	0
EATON CORP PLC	SHS	00B8KQN82	1,642,256	7,700	SH		SOLE		7,700	0	0
ELDORADO GOLD CORP NEW	COM	284902509	582,667	65,300	SH		SOLE		39,800	0	25,500
ELEVANCE HEALTH INC	COM	036752103	827,298	1,900	SH		SOLE		1,900	0	0
ELI LILLY & CO	COM	532457108	859,408	1,600	SH		SOLE		1,600	0	0
EMERSON ELEC CO	COM	291011104	8,623,701	89,300	SH		SOLE		89,300	0	0
ENBRIDGE INC	COM	29250N105	59,808,775	1,803,291	SH		SOLE		1,461,791	0	341,500
ENERFLEX LTD	COM	29269R105	1,123,802	195,700	SH		SOLE		119,300	0	76,400
ENERPLUS CORP	COM	292766102	23,281,517	1,323,150	SH		SOLE		1,114,250	0	208,900
ENPHASE ENERGY INC	COM	29355A107	294,368	2,450	SH		SOLE		2,450	0	0
EOG RES INC	COM	26875P101	4,246,460	33,500	SH		SOLE		33,500	0	0
ESSEX PPTY TR INC	COM	297178105	3,796,411	17,900	SH		SOLE		17,900	0	0
EXELON CORP	COM	30161N101	5,252,810	139,000	SH		SOLE		139,000	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	1,738,594	14,300	SH		SOLE		14,300	0	0
EXXON MOBIL CORP	COM	30231G102	2,469,180	21,000	SH		SOLE		21,000	0	0
FEDERAL RLTY INVT TR NEW	SH BEN INT NEW	313745101	2,120,742	23,400	SH		SOLE		23,400	0	0
FIDELITY NATL INFORMATION SV	COM	31620M106	4,001,548	72,400	SH		SOLE		72,400	0	0
FORD MTR CO DEL	COM	345370860	1,179,900	95,000	SH		SOLE		95,000	0	0
FORTIS INC	COM	349553107	3,304,373	87,000	SH		SOLE		87,000	0	0
FRANCO NEV CORP	COM	351858105	4,903,373	36,730	SH		SOLE		22,760	0	13,970
FREEPORT-MCMORAN INC	CL B	35671D857	261,030	7,000	SH		SOLE		7,000	0	0
GEN DIGITAL INC	COM	668771108	2,880,072	162,900	SH		SOLE		162,900	0	0
GENERAL MTRS CO	COM	37045V100	2,271,633	68,900	SH		SOLE		68,900	0	0
GFL ENVIRONMENTAL INC	SUB VTG SHS	36168Q104	15,002,464	472,475	SH		SOLE		387,457	0	85,018
GILDAN ACTIVEWEAR INC	COM	375916103	2,811,176	100,300	SH		SOLE		100,300	0	0
GILEAD SCIENCES INC	COM	375558103	9,255,090	123,500	SH		SOLE		123,500	0	0
GOLDMAN SACHS GROUP INC	COM	38141G104	4,303,481	13,300	SH		SOLE		13,300	0	0
GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	387437114	14,185,692	267,320	SH		SOLE		267,320	0	0
HALLIBURTON CO	COM	406216101	3,195,450	78,900	SH		SOLE		78,900	0	0
HAMMERHEAD ENERGY INC	CLASS A COM	408302107	364,125	30,343	SH		SOLE		18,400	0	11,943
HARTFORD FINL SVCS GROUP INC	COM	416515104	510,552	7,200	SH		SOLE		7,200	0	0
HEALTHPEAK PROPERTIES INC	COM	42250P103	3,413,124	185,900	SH		SOLE		185,900	0	0
HOME DEPOT INC	COM	437076102	10,152,576	33,600	SH		SOLE		33,600	0	0
HONEYWELL INTL INC	COM	438516106	5,579,148	30,200	SH		SOLE		30,200	0	0
HUDBAY MINERALS INC	COM	443628102	4,245,914	872,500	SH		SOLE		533,400	0	339,100
HUMANA INC	COM	444859102	583,824	1,200	SH		SOLE		1,200	0	0
IAMGOLD CORP	COM	450913108	916,340	424,800	SH		SOLE		259,700	0	165,100
IMPERIAL OIL LTD	COM NEW	453038408	5,934,545	96,353	SH		SOLE		96,353	0	0
INGERSOLL RAND INC	COM	45687V106	175,230	2,750	SH		SOLE		2,750	0	0
INTEL CORP	COM	458140100	2,692,913	75,750	SH		SOLE		75,750	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	836,152	7,600	SH		SOLE		7,600	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	8,460,090	60,300	SH		SOLE		60,300	0	0
JACOBS SOLUTIONS INC	COM	46982L108	546,000	4,000	SH		SOLE		4,000	0	0
JOHNSON & JOHNSON	COM	478160104	13,532,962	86,889	SH		SOLE		86,889	0	0
JOHNSON CTLS INTL PLC	SHS	00BY7QL61	3,884,330	73,000	SH		SOLE		73,000	0	0
JPMORGAN CHASE & CO	COM	46625H100	7,555,542	52,100	SH		SOLE		52,100	0	0
KENVUE INC	COM	49177J102	2,633,874	131,169	SH		SOLE		131,169	0	0
KEURIG DR PEPPER INC	COM	49271V100	4,744,971	150,300	SH		SOLE		150,300	0	0
KEYCORP	COM	493267108	2,541,512	236,200	SH		SOLE		236,200	0	0
KKR & CO INC	COM	48251W104	135,520	2,200	SH		SOLE		2,200	0	0
KLA CORP	COM NEW	482480100	619,191	1,350	SH		SOLE		1,350	0	0
KRAFT HEINZ CO	COM	500754106	2,738,296	81,400	SH		SOLE		81,400	0	0
L3HARRIS TECHNOLOGIES INC	COM	502431109	2,420,268	13,900	SH		SOLE		13,900	0	0
LAMB WESTON HLDGS INC	COM	513272104	2,052,612	22,200	SH		SOLE		22,200	0	0
LAUDER ESTEE COS INC	CL A	518439104	2,876,545	19,900	SH		SOLE		19,900	0	0
LIGHTSPEED COMMERCE INC	SUB VTG SHS	53229C107	2,432,935	173,200	SH		SOLE		105,700	0	67,500
LOCKHEED MARTIN CORP	COM	539830109	4,048,704	9,900	SH		SOLE		9,900	0	0
LOWES COS INC	COM	548661107	6,837,936	32,900	SH		SOLE		32,900	0	0
LYONDELLBASELL INDUSTRIES N	SHS - A -	00B3SPXZ3	4,384,610	46,300	SH		SOLE		46,300	0	0
MAG SILVER CORP	COM	55903Q104	3,105,070	300,400	SH		SOLE		183,500	0	116,900
MAGNA INTL INC	COM	559222401	10,586,034	197,541	SH		SOLE		197,541	0	0
MANULIFE FINL CORP	COM	56501R106	34,303,056	1,877,270	SH		SOLE		1,789,570	0	87,700
MASTERCARD INCORPORATED	CL A	57636Q104	1,346,094	3,400	SH		SOLE		3,400	0	0
MCDONALDS CORP	COM	580135101	10,405,880	39,500	SH		SOLE		39,500	0	0
MEDTRONIC PLC	SHS	00BTN1Y11	2,805,288	35,800	SH		SOLE		35,800	0	0
MERCK & CO INC	COM	58933Y105	13,249,665	128,700	SH		SOLE		128,700	0	0
META PLATFORMS INC	CL A	30303M102	2,011,407	6,700	SH		SOLE		6,700	0	0
METHANEX CORP	COM	59151K108	8,246,654	183,000	SH		SOLE		183,000	0	0
METLIFE INC	COM	59156R108	440,370	7,000	SH		SOLE		7,000	0	0
MICROCHIP TECHNOLOGY INC.	COM	595017104	546,350	7,000	SH		SOLE		7,000	0	0
MICROSOFT CORP	COM	594918104	7,783,238	24,650	SH		SOLE		24,650	0	0
MONDELEZ INTL INC	CL A	609207105	6,259,880	90,200	SH		SOLE		90,200	0	0
MORGAN STANLEY	COM NEW	617446448	6,598,936	80,800	SH		SOLE		80,800	0	0
NETAPP INC	COM	64110D104	2,663,388	35,100	SH		SOLE		35,100	0	0
NETFLIX INC	COM	64110L106	434,240	1,150	SH		SOLE		1,150	0	0
NEW GOLD INC CDA	COM	644535106	2,569,572	2,792,200	SH		SOLE		1,666,900	0	1,125,300
NEW YORK CMNTY BANCORP INC	COM	649445103	1,170,288	103,200	SH		SOLE		103,200	0	0
NEXGEN ENERGY LTD	COM	65340P106	2,425,293	405,200	SH		SOLE		246,900	0	158,300
NEXTERA ENERGY INC	COM	65339F101	8,318,508	145,200	SH		SOLE		145,200	0	0
NIKE INC	CL B	654106103	439,852	4,600	SH		SOLE		4,600	0	0
NORTHROP GRUMMAN CORP	COM	666807102	484,209	1,100	SH		SOLE		1,100	0	0
NUTRIEN LTD	COM	67077M108	43,091,027	697,789	SH		SOLE		618,432	0	79,357
NVIDIA CORPORATION	COM	67066G104	3,088,429	7,100	SH		SOLE		7,100	0	0
OPEN TEXT CORP	COM	683715106	46,146,160	1,314,880	SH		SOLE		1,177,280	0	137,600
OSISKO GOLD ROYALTIES LTD	COM	68827L101	7,626,127	649,440	SH		SOLE		425,830	0	223,610
PAN AMERN SILVER CORP	COM	697900108	17,369	1,200	SH		SOLE		1,200	0	0
PARKER-HANNIFIN CORP	COM	701094104	701,136	1,800	SH		SOLE		1,800	0	0
PAYPAL HLDGS INC	COM	70450Y103	596,292	10,200	SH		SOLE		10,200	0	0
PEMBINA PIPELINE CORP	COM	706327103	18,742,683	623,364	SH		SOLE		623,364	0	0
PEPSICO INC	COM	713448108	6,675,936	39,400	SH		SOLE		39,400	0	0
PFIZER INC	COM	717081103	11,118,584	335,200	SH		SOLE		335,200	0	0
PHILIP MORRIS INTL INC	COM	718172109	15,442,344	166,800	SH		SOLE		166,800	0	0
PHILLIPS 66	COM	718546104	4,529,655	37,700	SH		SOLE		37,700	0	0
PIONEER NAT RES CO	COM	723787107	4,200,765	18,300	SH		SOLE		18,300	0	0
PRECISION DRILLING CORP	COM NEW	74022D407	5,490,885	81,950	SH		SOLE		61,350	0	20,600
PRIMO WATER CORPORATION	COM	74167P108	5,869,837	425,000	SH		SOLE		425,000	0	0
PROCTER AND GAMBLE CO	COM	742718109	13,317,018	91,300	SH		SOLE		91,300	0	0
PROLOGIS INC.	COM	74340W103	4,118,107	36,700	SH		SOLE		36,700	0	0
PUBLIC SVC ENTERPRISE GRP IN	COM	744573106	3,858,498	67,800	SH		SOLE		67,800	0	0
PULTE GROUP INC	COM	745867101	311,010	4,200	SH		SOLE		4,200	0	0
QUALCOMM INC	COM	747525103	4,947,723	44,550	SH		SOLE		44,550	0	0
R1 RCM INC	COM	77634L105	204,952	13,600	SH		SOLE		13,600	0	0
RB GLOBAL INC	COM	74935Q107	45,507,513	726,868	SH		SOLE		668,668	0	58,200
REALTY INCOME CORP	COM	756109104	1,623,050	32,500	SH		SOLE		32,500	0	0
REGENCY CTRS CORP	COM	758849103	3,417,800	57,500	SH		SOLE		57,500	0	0
RESMED INC	COM	761152107	4,376,952	29,600	SH		SOLE		29,600	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	60,671,620	911,114	SH		SOLE		818,211	0	92,903
ROGERS COMMUNICATIONS INC	CL B	775109200	55,989,396	1,458,301	SH		SOLE		1,320,301	0	138,000
ROYAL BK CDA	COM	780087102	49,407,357	565,375	SH		SOLE		422,777	0	142,598
RTX CORPORATION	COM	75513E101	8,334,126	115,800	SH		SOLE		115,800	0	0
SALESFORCE INC	COM	79466L302	853,704	4,210	SH		SOLE		4,210	0	0
SANDSTORM GOLD LTD	COM NEW	80013R206	1,349,661	288,700	SH		SOLE		175,400	0	113,300
SCHWAB CHARLES CORP	COM	808513105	658,800	12,000	SH		SOLE		12,000	0	0
SEMPRA	COM	816851109	1,523,872	22,400	SH		SOLE		22,400	0	0
SERVICENOW INC	COM	81762P102	715,469	1,280	SH		SOLE		1,280	0	0
SHOPIFY INC	CL A	82509L107	31,643,638	579,735	SH		SOLE		366,370	0	213,365
SIMON PPTY GROUP INC NEW	COM	828806109	2,160,600	20,000	SH		SOLE		20,000	0	0
SKECHERS U S A INC	CL A	830566105	176,220	3,600	SH		SOLE		3,600	0	0
SKEENA RES LTD NEW	COM	83056P715	2,406,986	526,475	SH		SOLE		319,175	0	207,300
SOUTHERN CO	COM	842587107	4,349,184	67,200	SH		SOLE		67,200	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	4,695,868	10,985	SH		SOLE		10,985	0	0
SPDR SER TR	GLB DOW ETF	78464A706	7,991,540	73,266	SH		SOLE		73,266	0	0
SPROTT INC	COM NEW	852066208	697,470	22,900	SH		SOLE		22,900	0	0
SSR MINING IN	COM	784730103	14,710,111	1,107,580	SH		SOLE		912,280	0	195,300
STARBUCKS CORP	COM	855244109	3,723,816	40,800	SH		SOLE		40,800	0	0
SUN LIFE FINANCIAL INC.	COM	866796105	52,316,855	1,072,310	SH		SOLE		977,210	0	95,100
SUNCOR ENERGY INC NEW	COM	867224107	81,307,106	2,364,364	SH		SOLE		2,208,338	0	156,026
SYNOPSYS INC	COM	871607107	642,558	1,400	SH		SOLE		1,400	0	0
SYSCO CORP	COM	871829107	1,578,595	23,900	SH		SOLE		23,900	0	0
TARGET CORP	COM	87612E106	3,681,981	33,300	SH		SOLE		33,300	0	0
TC ENERGY CORP	COM	87807B107	68,556,373	1,993,580	SH		SOLE		1,993,580	0	0
TECK RESOURCES LTD	CL B	878742204	27,874,957	647,666	SH		SOLE		507,280	0	140,386
TELUS CORPORATION	COM	87971M103	68,493,662	4,194,542	SH		SOLE		3,989,742	0	204,800
TESLA INC	COM	88160R101	1,851,628	7,400	SH		SOLE		7,400	0	0
TEXAS INSTRS INC	COM	882508104	8,777,352	55,200	SH		SOLE		55,200	0	0
THOMSON REUTERS CORP.	COM	884903808	7,908,350	64,648	SH		SOLE		64,648	0	0
TJX COS INC NEW	COM	872540109	319,968	3,600	SH		SOLE		3,600	0	0
T-MOBILE US INC	COM	872590104	630,225	4,500	SH		SOLE		4,500	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	121,088,218	2,009,949	SH		SOLE		1,706,331	0	303,618
TRACTOR SUPPLY CO	COM	892356106	4,588,930	22,600	SH		SOLE		22,600	0	0
TRANSALTA CORP	COM	89346D107	22,090,128	2,536,350	SH		SOLE		2,423,850	0	112,500
TRICON RESIDENTIAL INC	COM NPV	89612W102	6,673,181	902,807	SH		SOLE		844,407	0	58,400
TRUIST FINL CORP	COM	89832Q109	6,222,675	217,500	SH		SOLE		217,500	0	0
UNION PAC CORP	COM	907818108	6,047,811	29,700	SH		SOLE		29,700	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	7,606,456	48,800	SH		SOLE		48,800	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	957,961	1,900	SH		SOLE		1,900	0	0
US BANCORP DEL	COM NEW	902973304	7,064,922	213,700	SH		SOLE		213,700	0	0
V F CORP	COM	918204108	2,583,354	146,200	SH		SOLE		146,200	0	0
VALERO ENERGY CORP	COM	91913Y100	1,927,256	13,600	SH		SOLE		13,600	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	9,693,831	299,100	SH		SOLE		299,100	0	0
VERMILION ENERGY INC	COM	923725105	12,298,247	840,700	SH		SOLE		734,300	0	106,400
VERTEX PHARMACEUTICALS INC	COM	92532F100	869,350	2,500	SH		SOLE		2,500	0	0
VISA INC	COM CL A	92826C839	1,104,048	4,800	SH		SOLE		4,800	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	1,410,016	63,400	SH		SOLE		63,400	0	0
WALMART INC	COM	931142103	1,167,489	7,300	SH		SOLE		7,300	0	0
WARNER BROS DISCOVERY INC	COM SER A	934423104	305,166	28,100	SH		SOLE		28,100	0	0
WASTE CONNECTIONS INC	COM	94106B101	3,674,387	27,367	SH		SOLE		27,367	0	0
WASTE MGMT INC DEL	COM	94106L109	3,163,130	20,750	SH		SOLE		20,750	0	0
WELLS FARGO CO NEW	COM	949746101	7,959,528	194,800	SH		SOLE		194,800	0	0
WEST FRASER TIMBER CO LTD	COM	952845105	4,065,494	56,000	SH		SOLE		56,000	0	0
WESTROCK CO	COM	96145D105	2,928,440	81,800	SH		SOLE		81,800	0	0
WEYERHAEUSER CO MTN BE	COM NEW	962166104	2,382,282	77,700	SH		SOLE		77,700	0	0
WILLIAMS COS INC	COM	969457100	3,402,690	101,000	SH		SOLE		101,000	0	0
WYNDHAM HOTELS & RESORTS INC	COM	98311A105	278,160	4,000	SH		SOLE		4,000	0	0
XCEL ENERGY INC	COM	98389B100	4,028,288	70,400	SH		SOLE		70,400	0	0
ZOETIS INC	CL A	98978V103	226,174	1,300	SH		SOLE		1,300	0	0