Cidel Asset 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

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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
AGNICO EAGLE MINES LTD	COM	008474108	42,918	1,087,351	SH		SOLE		1,087,351	0	0
ALGONQUIN PWR UTILS CORP	COM	015857105	26,231	1,970,250	SH		SOLE		1,970,250	0	0
ALPHABET INC	CAP STK CL C	02079K107	633	544	SH		SOLE		544	0	0
ALPHABET INC	CAP STK CL A	02079K305	973	837	SH		SOLE		837	0	0
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	80	100,000	SH		SOLE		100,000	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	1,064	43,875	SH		SOLE		43,875	0	0
AMPHENOL CORP NEW	CL A	032095101	13,872	190,338	SH		SOLE		190,338	0	0
APPLE INC	COM	037833100	1,474	5,795	SH		SOLE		5,795	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	33,452	749,048	SH		SOLE		749,048	0	0
AURORA CANNABIS INC	COM	05156X108	21	23,916	SH		SOLE		23,916	0	0
BANK MONTREAL	COM	063671101	61,389	1,229,644	SH		SOLE		1,229,644	0	0
BANK NOVA SCOTIA B C	COM	064149107	76,326	1,890,353	SH		SOLE		1,890,353	0	0
BCE INC	COM NEW	05534B760	3,469	85,533	SH		SOLE		85,533	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	2,176	8	SH		SOLE		8	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	2,975	16,270	SH		SOLE		16,270	0	0
BK OF AMERICA CORP	COM	060505104	717	33,750	SH		SOLE		33,750	0	0
BLACKSTONE GSO STRATEGIC CR	COM SHS BEN IN	09257R101	349	33,483	SH		SOLE		33,483	0	0
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	1,662	17,527	SH		SOLE		17,527	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	65,532	1,495,271	SH		SOLE		1,495,271	0	0
BRP INC	COM SUN VTG	05577W200	166	10,309	SH		SOLE		10,309	0	0
CAMECO CORP	COM	13321L108	1,286	170,535	SH		SOLE		170,535	0	0
CANADA GOOSE HOLDINGS INC	SHS SUB VTG	135086106	13,176	666,476	SH		SOLE		666,476	0	0
CANADIAN IMP BK COMM	COM	136069101	41,765	724,952	SH		SOLE		724,952	0	0
CANADIAN NAT RES LTD	COM	136385101	198	14,634	SH		SOLE		14,634	0	0
CANADIAN NATL RY CO	COM	136375102	109,237	1,413,095	SH		SOLE		1,413,095	0	0
CANADIAN PAC RY LTD	COM	13645T100	62,390	285,955	SH		SOLE		285,955	0	0
CGI INC	CL A SUB VTG	12532H104	15,179	283,567	SH		SOLE		283,567	0	0
CHESAPEAKE ENERGY CORP	COM	165167107	41	239,000	SH		SOLE		239,000	0	0
CHUBB LIMITED	COM	H1467J104	18,895	169,176	SH		SOLE		169,176	0	0
CITIGROUP INC	COM NEW	172967424	632	15,000	SH		SOLE		15,000	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	12,460	263,446	SH		SOLE		263,446	0	0
COMCAST CORP NEW	CL A	20030N101	629	18,300	SH		SOLE		18,300	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	205	1,430	SH		SOLE		1,430	0	0
COSTCO WHSL CORP NEW	COM	22160K105	201	706	SH		SOLE		706	0	0
CREDICORP LTD	COM	G2519Y108	19,979	139,648	SH		SOLE		139,648	0	0
CVS HEALTH CORP	COM	126650100	27,361	461,159	SH		SOLE		461,159	0	0
DEERE & CO	COM	244199105	18,546	134,238	SH		SOLE		134,238	0	0
DISNEY WALT CO	COM DISNEY	254687106	1,922	19,900	SH		SOLE		19,900	0	0
DOLLAR TREE INC	COM	256746108	221	3,010	SH		SOLE		3,010	0	0
ENBRIDGE INC	COM	29250N105	51,110	1,775,202	SH		SOLE		1,775,202	0	0
EXXON MOBIL CORP	COM	30231G102	304	8,000	SH		SOLE		8,000	0	0
FORTIS INC	COM	349553107	74,897	1,964,334	SH		SOLE		1,964,334	0	0
FRANCO NEVADA CORP	COM	351858105	26,794	271,224	SH		SOLE		271,224	0	0
GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	387437114	13,548	331,734	SH		SOLE		331,734	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	431	3,888	SH		SOLE		3,888	0	0
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	259	2,805	SH		SOLE		2,805	0	0
INVESCO EXCHANGE-TRADED FD T	FTSE RAFI EMNG	46138E727	773	50,115	SH		SOLE		50,115	0	0
INVESCO EXCHANGE-TRADED FD T	FTSE RAFI DEV	46138E743	226	7,455	SH		SOLE		7,455	0	0
ISHARES TR	CORE US AGGBD ET	464287226	624	5,413	SH		SOLE		5,413	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	550	4,450	SH		SOLE		4,450	0	0
ISHARES TR	MSCI ACWI ETF	464288257	202	3,225	SH		SOLE		3,225	0	0
ISHARES TR	IBOXX HI YD ETF	464288513	428	5,585	SH		SOLE		5,585	0	0
ISHARES TR	MBS ETF	464288588	287	2,600	SH		SOLE		2,600	0	0
ISHARES TR	SHORT TREAS BD	464288679	1,013	9,120	SH		SOLE		9,120	0	0
ISHARES TR	0-5YR INVT GR CP	46434V100	241	4,799	SH		SOLE		4,799	0	0
JOHNSON & JOHNSON	COM	478160104	27,405	208,994	SH		SOLE		208,994	0	0
JPMORGAN CHASE & CO	COM	46625H100	601	6,680	SH		SOLE		6,680	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	373	2,935	SH		SOLE		2,935	0	0
KIRKLAND LAKE GOLD LTD	COM	49741E100	10,426	358,029	SH		SOLE		358,029	0	0
MAGNA INTL INC	COM	559222401	9,480	300,454	SH		SOLE		300,454	0	0
MANULIFE FINL CORP	COM	56501R106	39,543	3,185,301	SH		SOLE		3,185,301	0	0
MEDTRONIC PLC	SHS	G5960L103	20,534	227,695	SH		SOLE		227,695	0	0
MICRON TECHNOLOGY INC	COM	595112103	576	13,700	SH		SOLE		13,700	0	0
MICROSOFT CORP	COM	594918104	34,852	220,991	SH		SOLE		220,991	0	0
MID AMER APT CMNTYS INC	COM	59522J103	15,748	152,846	SH		SOLE		152,846	0	0
MONDELEZ INTL INC	CL A	609207105	23,454	468,330	SH		SOLE		468,330	0	0
NETFLIX INC	COM	64110L106	216	574	SH		SOLE		574	0	0
NEWMONT CORP	COM	651639106	292	6,595	SH		SOLE		6,595	0	0
NEXTERA ENERGY INC	COM	65339F101	27,521	114,374	SH		SOLE		114,374	0	0
NUTRIEN LTD	COM	67077M108	44,515	1,317,001	SH		SOLE		1,317,001	0	0
OPEN TEXT CORP	COM	683715106	54,196	1,567,558	SH		SOLE		1,567,558	0	0
ORACLE CORP	COM	68389X105	271	5,615	SH		SOLE		5,615	0	0
OSISKO GOLD ROYALTIES LTD	COM	68827L101	287	38,872	SH		SOLE		38,872	0	0
PEMBINA PIPELINE CORP	COM	706327103	22,732	1,225,579	SH		SOLE		1,225,579	0	0
PFIZER INC	COM	717081103	215	6,599	SH		SOLE		6,599	0	0
PRIMO WATER CORPORATION	COM	74167P108	22,976	2,560,963	SH		SOLE		2,560,963	0	0
RAYTHEON CO	COM NEW	755111507	18,000	137,251	SH		SOLE		137,251	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	35,686	895,670	SH		SOLE		895,670	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	16,973	411,274	SH		SOLE		411,274	0	0
ROSS STORES INC	COM	778296103	20,050	230,534	SH		SOLE		230,534	0	0
ROYAL BK CDA	COM	780087102	133,709	2,183,269	SH		SOLE		2,183,269	0	0
SANOFI	SPONSORED ADR	80105N105	439	10,030	SH		SOLE		10,030	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	14,575	908,719	SH		SOLE		908,719	0	0
SHOPIFY INC	CL A	82509L107	40,690	98,226	SH		SOLE		98,226	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	101	60,000	SH		SOLE		60,000	0	0
SPDR GOLD TRUST	GOLD SHS	78463V107	2,073	14,000	SH		SOLE		14,000	0	0
SSR MNG INC	COM	784730103	2,271	201,400	SH		SOLE		201,400	0	0
STANTEC INC	COM	85472N109	40,793	1,612,852	SH		SOLE		1,612,852	0	0
STARBUCKS CORP	COM	855244109	12,999	197,734	SH		SOLE		197,734	0	0
SUN LIFE FINL INC	COM	866796105	25,458	800,445	SH		SOLE		800,445	0	0
SUNCOR ENERGY INC NEW	COM	867224107	51,130	3,240,265	SH		SOLE		3,240,265	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	26,709	558,886	SH		SOLE		558,886	0	0
TC ENERGY CORP	COM	87807B107	83,333	1,896,276	SH		SOLE		1,896,276	0	0
TELUS CORPORATION	COM	87971M103	61,576	3,939,074	SH		SOLE		3,939,074	0	0
TESLA INC	COM	88160R101	2,155	4,113	SH		SOLE		4,113	0	0
THOMSON REUTERS CORP	COM NEW	884903709	20,646	306,494	SH		SOLE		306,494	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	89,085	2,119,329	SH		SOLE		2,119,329	0	0
US BANCORP DEL	COM NEW	902973304	9,451	274,348	SH		SOLE		274,348	0	0
VAIL RESORTS INC	COM	91879Q109	2,821	19,098	SH		SOLE		19,098	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	12,416	538,902	SH		SOLE		538,902	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	432	1,824	SH		SOLE		1,824	0	0
VANGUARD INDEX FDS	GROWTH ETF	922908736	434	2,770	SH		SOLE		2,770	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	2,336	43,470	SH		SOLE		43,470	0	0
VISA INC	COM CL A	92826C839	11,293	70,091	SH		SOLE		70,091	0	0
WASTE CONNECTIONS INC	COM	94106B101	19,322	251,851	SH		SOLE		251,851	0	0
WELLS FARGO CO NEW	COM	949746101	237	8,258	SH		SOLE		8,258	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	474	17,430	SH		SOLE		17,430	0	0