|Exhibit
      3Consent of Pricewaterhouse Coopers LLP                                                                                                                                                                                                                                                                                                                                                                                                                            
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|[
      Pricewaterhouse Coopers LLP Logo]                                                                                                                                                                                                                                                                                                                                                                                                                                        
|PricewaterhouseCoopers LLPChartered Accountants1250
      Ren ́ ̄L ́vesque Boulevard WestSuite 2800Montreal, QuebecCanada
      H3B 2G4Telephone +1 (514) 205 5000Facsimile +1 (514) 876
      1502                                                                                                                                                                                                                                                                                 
|CONSENT OF INDEPENDENT
      ACCOUNTANTS                                                                                                                                                                                                                                                                                                                                                                                                                                         
|We hereby consent to the inclusion
      in the 2003 Annual Report on Form 40 ̄F of CAE Inc. and the incorporation
      by reference in the Registration Statement on Form S ̄8 (No. 333 ̄97185) of
      CAE Inc. of our Auditors' Report dated May 6, 2003 and our Comments by
      Auditor for U.S. Readers on Canada ̄U.S. Reporting Difference dated May 6,
      2003 relating to the consolidated financial statements of CAE Inc. which
      appear in such Annual Report.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|/s/
      PricewaterhouseCoopers LLPChartered
      AccountantsMontreal, QuebecAugust 7, 2003                                                                                                                                                                                                                                                                                                                                                                                    
|PricewaterhouseCoopers refers to the Canadian firm of
      PricewaterhouseCoopers LLP and other members of the worldwide
      PricewaterhouseCoopers organization.                                                                                                                                                                                                                                                                                                             



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