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

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
3M CO	COM	88579Y101	217	1,240	SH		SOLE		1,240	0	0
AGNICO EAGLE MINES LTD	COM	008474108	45,265	643,685	SH		SOLE		643,685	0	0
ALGONQUIN PWR UTILS CORP	COM	015857105	20,307	1,234,899	SH		SOLE		1,234,899	0	0
ALPHABET INC	CAP STK CL A	02079K305	1,467	837	SH		SOLE		837	0	0
ALPHABET INC	CAP STK CL C	02079K107	955	545	SH		SOLE		545	0	0
AMERICAN INTL GROUP INC	*W EXP 01/19/202	026874156	12	100,000	SH		SOLE		100,000	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	1,661	43,875	SH		SOLE		43,875	0	0
AMPHENOL CORP NEW	CL A	032095101	9,706	74,221	SH		SOLE		74,221	0	0
ANALOG DEVICES INC	COM	032654105	9,062	61,340	SH		SOLE		61,340	0	0
APPLE INC	COM	037833100	3,066	23,110	SH		SOLE		23,110	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	17,308	346,230	SH		SOLE		346,230	0	0
AT&T INC	COM	00206R102	212	7,359	SH		SOLE		7,359	0	0
B2GOLD CORP	COM	11777Q209	386	69,000	SH		SOLE		69,000	0	0
BANK MONTREAL QUE	COM	063671101	70,041	922,014	SH		SOLE		922,014	0	0
BANK NOVA SCOTIA B C	COM	064149107	73,783	1,366,270	SH		SOLE		1,366,270	0	0
BARRICK GOLD CORP	COM	067901108	17,526	769,944	SH		SOLE		769,944	0	0
BCE INC	COM NEW	05534B760	4,416	103,369	SH		SOLE		103,369	0	0
BERKSHIRE HATHAWAY INC DEL	CL A	084670108	2,783	8	SH		SOLE		8	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	294	1,270	SH		SOLE		1,270	0	0
BK OF AMERICA CORP	COM	060505104	452	14,900	SH		SOLE		14,900	0	0
BLACKSTONE STRATEGIC CREDIT	COM SHS BEN IN	09257R101	1,019	81,631	PRN		SOLE		81,631	0	0
BROADRIDGE FINL SOLUTIONS IN	COM	11133T103	2,646	17,271	SH		SOLE		17,271	0	0
BROOKFIELD ASSET MGMT INC	CL A LTD VT SH	112585104	43,924	1,063,462	SH		SOLE		1,063,462	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	13,548	274,052	SH		SOLE		274,052	0	0
BRP INC	COM SUN VTG	05577W200	7,932	120,173	SH		SOLE		120,173	0	0
CAMECO CORP	COM	13321L108	2,282	170,535	SH		SOLE		170,535	0	0
CANADIAN IMP BK COMM	COM	136069101	32,225	377,621	SH		SOLE		377,621	0	0
CANADIAN NAT RES LTD	COM	136385101	19,813	825,172	SH		SOLE		825,172	0	0
CANADIAN NATL RY CO	COM	136375102	98,507	896,796	SH		SOLE		896,796	0	0
CANADIAN PAC RY LTD	COM	13645T100	59,114	170,568	SH		SOLE		170,568	0	0
CGI INC	CL A SUB VTG	12532H104	13,472	169,955	SH		SOLE		169,955	0	0
CHARLES RIV LABS INTL INC	COM	159864107	250	1,000	SH		SOLE		1,000	0	0
CHUBB LIMITED	COM	H1467J104	13,348	86,720	SH		SOLE		86,720	0	0
CISCO SYS INC	COM	17275R102	202	4,510	SH		SOLE		4,510	0	0
CITIGROUP INC	COM NEW	172967424	925	15,000	SH		SOLE		15,000	0	0
COLLIERS INTL GROUP INC	SUB VTG SHS	194693107	31,407	353,221	SH		SOLE		353,221	0	0
COMCAST CORP NEW	CL A	20030N101	943	18,000	SH		SOLE		18,000	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	313	1,430	SH		SOLE		1,430	0	0
COSTCO WHSL CORP NEW	COM	22160K105	336	891	SH		SOLE		891	0	0
CREDICORP LTD	COM	G2519Y108	11,447	69,788	SH		SOLE		69,788	0	0
CVS HEALTH CORP	COM	126650100	18,857	276,086	SH		SOLE		276,086	0	0
DEERE & CO	COM	244199105	7,676	28,531	SH		SOLE		28,531	0	0
DESCARTES SYS GROUP INC	COM	249906108	12,331	211,011	SH		SOLE		211,011	0	0
DISNEY WALT CO	COM	254687106	13,447	74,219	SH		SOLE		74,219	0	0
DOLLAR TREE INC	COM	256746108	325	3,010	SH		SOLE		3,010	0	0
ENBRIDGE INC	COM	29250N105	45,771	1,432,388	SH		SOLE		1,432,388	0	0
EXXON MOBIL CORP	COM	30231G102	330	8,000	SH		SOLE		8,000	0	0
FEDEX CORP	COM	31428X106	396	1,526	SH		SOLE		1,526	0	0
FORTIS INC	COM	349553107	37,835	926,957	SH		SOLE		926,957	0	0
FRANCO NEV CORP	COM	351858105	17,544	140,041	SH		SOLE		140,041	0	0
GILEAD SCIENCES INC	COM	375558103	646	11,092	SH		SOLE		11,092	0	0
GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	387437114	22,508	368,103	SH		SOLE		368,103	0	0
INTEL CORP	COM	458140100	241	4,830	SH		SOLE		4,830	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	489	3,888	SH		SOLE		3,888	0	0
INVESCO EXCH TRADED FD TR II	FTSE RAFI DEV	46138E743	350	8,239	SH		SOLE		8,239	0	0
INVESCO EXCH TRADED FD TR II	FTSE RAFI EMNG	46138E727	996	47,051	SH		SOLE		47,051	0	0
INVESCO EXCHANGE TRADED FD T	FTSE RAFI 1000	46137V613	436	3,272	SH		SOLE		3,272	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	224	715	SH		SOLE		715	0	0
ISHARES TR	CORE US AGGBD ET	464287226	424	3,587	PRN		SOLE		3,587	0	0
ISHARES TR	ESG SCRND S&P500	46436E569	918	32,021	SH		SOLE		32,021	0	0
ISHARES TR	IBOXX INV CP ETF	464287242	1,184	8,575	PRN		SOLE		8,575	0	0
ISHARES TR	MBS ETF	464288588	286	2,600	PRN		SOLE		2,600	0	0
ISHARES TR	MSCI ACWI ETF	464288257	335	3,689	SH		SOLE		3,689	0	0
ISHARES U S ETF TR	BLACKROCK ST MAT	46431W507	502	10,000	PRN		SOLE		10,000	0	0
JOHNSON & JOHNSON	COM	478160104	17,531	111,394	SH		SOLE		111,394	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,464	11,520	SH		SOLE		11,520	0	0
KANSAS CITY SOUTHERN	COM NEW	485170302	599	2,935	SH		SOLE		2,935	0	0
KIRKLAND LAKE GOLD LTD	COM	49741E100	14,268	345,585	SH		SOLE		345,585	0	0
MAGNA INTL INC	COM	559222401	12,594	178,063	SH		SOLE		178,063	0	0
MANULIFE FINL CORP	COM	56501R106	32,066	1,803,609	SH		SOLE		1,803,609	0	0
MEDTRONIC PLC	SHS	G5960L103	10,763	91,878	SH		SOLE		91,878	0	0
MICRON TECHNOLOGY INC	COM	595112103	1,030	13,700	SH		SOLE		13,700	0	0
MICROSOFT CORP	COM	594918104	23,348	104,973	SH		SOLE		104,973	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	381	3,009	SH		SOLE		3,009	0	0
MONDELEZ INTL INC	CL A	609207105	16,764	286,707	SH		SOLE		286,707	0	0
NETFLIX INC	COM	64110L106	305	564	SH		SOLE		564	0	0
NEWMONT CORP	COM	651639106	270	4,509	SH		SOLE		4,509	0	0
NEXTERA ENERGY INC	COM	65339F101	15,563	201,729	SH		SOLE		201,729	0	0
NUTRIEN LTD	COM	67077M108	47,225	982,447	SH		SOLE		982,447	0	0
OPEN TEXT CORP	COM	683715106	41,344	910,662	SH		SOLE		910,662	0	0
ORACLE CORP	COM	68389X105	366	5,655	SH		SOLE		5,655	0	0
PEMBINA PIPELINE CORP	COM	706327103	23,980	1,014,958	SH		SOLE		1,014,958	0	0
PFIZER INC	COM	717081103	430	11,688	SH		SOLE		11,688	0	0
PRIMO WATER CORPORATION	COM	74167P108	167	10,669	SH		SOLE		10,669	0	0
RELX PLC	SPONSORED ADR	759530108	472	19,138	SH		SOLE		19,138	0	0
RESTAURANT BRANDS INTL INC	COM	76131D103	46,627	763,237	SH		SOLE		763,237	0	0
ROGERS COMMUNICATIONS INC	CL B	775109200	607	13,047	SH		SOLE		13,047	0	0
ROSS STORES INC	COM	778296103	13,997	113,970	SH		SOLE		113,970	0	0
ROYAL BK CDA	COM	780087102	128,043	1,559,684	SH		SOLE		1,559,684	0	0
SANOFI	SPONSORED ADR	80105N105	6,803	140,016	SH		SOLE		140,016	0	0
SHAW COMMUNICATIONS INC	CL B CONV	82028K200	9,589	546,813	SH		SOLE		546,813	0	0
SHOPIFY INC	CL A	82509L107	65,462	58,024	SH		SOLE		58,024	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	179	60,000	SH		SOLE		60,000	0	0
SPDR GOLD TR	GOLD SHS	78463V107	2,497	14,000	SH		SOLE		14,000	0	0
SPROTT PHYSICAL GOLD TR	UNIT	85207H104	382	25,351	SH		SOLE		25,351	0	0
SSR MNG INC	COM	784730103	11,760	586,144	SH		SOLE		586,144	0	0
STANTEC INC	COM	85472N109	22,132	683,038	SH		SOLE		683,038	0	0
STARBUCKS CORP	COM	855244109	244	2,282	SH		SOLE		2,282	0	0
STRYKER CORPORATION	COM	863667101	236	963	SH		SOLE		963	0	0
SUN LIFE FINANCIAL INC.	COM	866796105	21,838	491,537	SH		SOLE		491,537	0	0
SUNCOR ENERGY INC NEW	COM	867224107	33,778	2,015,601	SH		SOLE		2,015,601	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	28,236	258,947	SH		SOLE		258,947	0	0
TC ENERGY CORP	COM	87807B107	43,597	1,073,292	SH		SOLE		1,073,292	0	0
TELUS CORPORATION	COM	87971M103	59,162	2,989,801	SH		SOLE		2,989,801	0	0
TESLA INC	COM	88160R101	11,527	16,335	SH		SOLE		16,335	0	0
THOMSON REUTERS CORP.	COM NEW	884903709	15,902	194,469	SH		SOLE		194,469	0	0
TORONTO DOMINION BK ONT	COM NEW	891160509	129,882	2,300,742	SH		SOLE		2,300,742	0	0
US BANCORP DEL	COM NEW	902973304	313	6,719	SH		SOLE		6,719	0	0
VAIL RESORTS INC	COM	91879Q109	439	1,573	SH		SOLE		1,573	0	0
VANECK VECTORS ETF TR	GOLD MINERS ETF	92189F106	4,382	121,651	SH		SOLE		121,651	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	553	1,609	SH		SOLE		1,609	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	6,757	19,100	SH		SOLE		19,100	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	3,166	53,891	SH		SOLE		53,891	0	0
VISA INC	COM CL A	92826C839	11,918	54,489	SH		SOLE		54,489	0	0
WASTE CONNECTIONS INC	COM	94106B101	17,898	174,702	SH		SOLE		174,702	0	0
WELLS FARGO CO NEW	COM	949746101	244	8,100	SH		SOLE		8,100	0	0
WHEATON PRECIOUS METALS CORP	COM	962879102	600	14,373	SH		SOLE		14,373	0	0