# EDGAR Filing Document

**Accession Number:** 0001443077
**File Stem:** 0001062993-23-003464
**Filing Date:** 2023-2
**Character Count:** 28810
**Document Hash:** fe51aa298a368661e5b33923ff0055c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-23-003464.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001062993-23-003464

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTACT INVESTMENT MANAGEMENT INC.
- **CENTRAL INDEX KEY:** 0001443077
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13194
- **FILM NUMBER:** 23631338

**BUSINESS ADDRESS:**
- **STREET 1:** 2020 ROBERT-BOURASSA BLVD
- **STREET 2:** SUITE 1400
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 2A5
- **BUSINESS PHONE:** (514) 350-8541

**MAIL ADDRESS:**
- **STREET 1:** 2020 ROBERT-BOURASSA BLVD
- **STREET 2:** SUITE 1400
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 2A5

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ING INVESTMENT MANAGEMENT, INC.
- **DATE OF NAME CHANGE:** 20080814

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** INTACT INVESTMENT MANAGEMENT INC.<br>**Address:** 2020 ROBERT-BOURASSA BLVD<br>SUITE 1400<br>MONTREAL, A8 H3A 2A5

**Form 13F File Number:** 028-13194

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Edith Rathe<br>**Title:** Chief Compliance Officer and Director of Governance<br>**Phone:** 514-350-8541

**Signature, Place, and Date of Signing:**

Edith Rathe  Montreal, A8  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 259

**Form 13F Information Table Value Total:** $2306703037

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 3105928 | 25900 | SH |  | SOLE |  | 25900 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 570908 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 17356914 | 107400 | SH |  | SOLE |  | 107400 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | 00B4BNMY3 |  | 800520 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 706713 | 2100 | SH |  | SOLE |  | 2100 | 0 | 0 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 3602235 | 24500 | SH |  | SOLE |  | 24500 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 825882 | 12751 | SH |  | SOLE |  | 12751 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 13242646 | 254840 | SH |  | SOLE |  | 254840 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 6966676 | 22600 | SH |  | SOLE |  | 22600 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | COM | 00971T101 |  | 434145 | 5150 | SH |  | SOLE |  | 5150 | 0 | 0 |
| ALAMOS GOLD INC NEW | COM CL A | 011532108 |  | 2650238 | 262120 | SH |  | SOLE |  | 262120 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 360696 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 |  | 3233874 | 22200 | SH |  | SOLE |  | 22200 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 26234022 | 4027309 | SH |  | SOLE |  | 4027309 | 0 | 0 |
| ALIGN TECHNOLOGY INC | COM | 016255101 |  | 379620 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| ALLSTATE CORP | COM | 020002101 |  | 732240 | 5400 | SH |  | SOLE |  | 5400 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 593604 | 6690 | SH |  | SOLE |  | 6690 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2666311 | 30220 | SH |  | SOLE |  | 30220 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 13726713 | 300300 | SH |  | SOLE |  | 300300 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 3309600 | 39400 | SH |  | SOLE |  | 39400 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 2778908 | 92200 | SH |  | SOLE |  | 92200 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 746232 | 11800 | SH |  | SOLE |  | 11800 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2605878 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 9323720 | 35500 | SH |  | SOLE |  | 35500 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 6840051 | 41700 | SH |  | SOLE |  | 41700 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 6639423 | 51100 | SH |  | SOLE |  | 51100 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 370044 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 6791449 | 368900 | SH |  | SOLE |  | 368900 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 2196672 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| B2GOLD CORP | COM | 11777Q209 |  | 12063366 | 3395800 | SH |  | SOLE |  | 3395800 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 2046429 | 69300 | SH |  | SOLE |  | 69300 | 0 | 0 |
| BANK MONTREAL QUE | COM | 063671101 |  | 75385441 | 832153 | SH |  | SOLE |  | 832153 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 5776488 | 126900 | SH |  | SOLE |  | 126900 | 0 | 0 |
| BANK NOVA SCOTIA HALIFAX | COM | 064149107 |  | 41909340 | 855370 | SH |  | SOLE |  | 855370 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 65820406 | 3839760 | SH |  | SOLE |  | 3839760 | 0 | 0 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 404544 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| BAXTER INTL INC | COM | 071813109 |  | 147813 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| BCE INC | COM NEW | 05534B760 |  | 36631605 | 833740 | SH |  | SOLE |  | 833740 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1606280 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| BIOGEN INC | COM | 09062X103 |  | 498456 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| BK OF AMERICA CORP | COM | 060505104 |  | 11572128 | 349400 | SH |  | SOLE |  | 349400 | 0 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 2976246 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 768082 | 16600 | SH |  | SOLE |  | 16600 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 13598550 | 189000 | SH |  | SOLE |  | 189000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 11573991 | 20700 | SH |  | SOLE |  | 20700 | 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 |  | 27027449 | 872560 | SH |  | SOLE |  | 872560 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A SUB VTG | 11284V105 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| BROOKFIELD RENEWABLE PARTNER | PARTNERSHIP UNIT | 00B712JY0 |  | 15920199 | 628820 | SH |  | SOLE |  | 628820 | 0 | 0 |
| BRP INC | COM SUN VTG | 05577W200 |  | 53369 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 2696368 | 118960 | SH |  | SOLE |  | 118960 | 0 | 0 |
| CANADIAN IMPERIAL BK COMM TO | COM | 136069101 |  | 26165538 | 646853 | SH |  | SOLE |  | 646853 | 0 | 0 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 51718947 | 931340 | SH |  | SOLE |  | 931340 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 31793103 | 267644 | SH |  | SOLE |  | 267644 | 0 | 0 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 27178215 | 364530 | SH |  | SOLE |  | 364530 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 483392 | 5200 | SH |  | SOLE |  | 5200 | 0 | 0 |
| CATALENT INC | COM | 148806102 |  | 553623 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 2754940 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| CELESTICA INC | SUB VTG SHS | 15101Q108 |  | 6296835 | 558710 | SH |  | SOLE |  | 558710 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 42465785 | 2188758 | SH |  | SOLE |  | 2188758 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 1532467 | 296000 | SH |  | SOLE |  | 296000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 10033491 | 55900 | SH |  | SOLE |  | 55900 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 554996 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| CI FINL CORP | COM | 125491100 |  | 30318655 | 3038598 | SH |  | SOLE |  | 3038598 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 12305412 | 258300 | SH |  | SOLE |  | 258300 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1433791 | 31700 | SH |  | SOLE |  | 31700 | 0 | 0 |
| CITIZENS FINL GROUP INC | COM | 174610105 |  | 3204718 | 81400 | SH |  | SOLE |  | 81400 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 2482536 | 39200 | SH |  | SOLE |  | 39200 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 19254747 | 302700 | SH |  | SOLE |  | 302700 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 5231656 | 66400 | SH |  | SOLE |  | 66400 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 6212019 | 67624 | SH |  | SOLE |  | 67624 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 10116821 | 289300 | SH |  | SOLE |  | 289300 | 0 | 0 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 3397860 | 87800 | SH |  | SOLE |  | 87800 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 556200 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 172 | 2 | SH |  | SOLE |  | 2 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 4129842 | 129300 | SH |  | SOLE |  | 129300 | 0 | 0 |
| CORTEVA INC | COM | 22052L104 |  | 352680 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 5614950 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 30049449 | 4211900 | SH |  | SOLE |  | 4211900 | 0 | 0 |
| CRONOS GROUP INC | COM | 22717L101 |  | 2940666 | 1157460 | SH |  | SOLE |  | 1157460 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 6063108 | 44700 | SH |  | SOLE |  | 44700 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 3949327 | 16300 | SH |  | SOLE |  | 16300 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 8592118 | 92200 | SH |  | SOLE |  | 92200 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 265420 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 385884 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 4662555 | 46500 | SH |  | SOLE |  | 46500 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 903552 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 6708408 | 109400 | SH |  | SOLE |  | 109400 | 0 | 0 |
| DOW INC | COM | 260557103 |  | 1184165 | 23500 | SH |  | SOLE |  | 23500 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 6519267 | 63300 | SH |  | SOLE |  | 63300 | 0 | 0 |
| DUPONT DE NEMOURS INC | COM | 26614N102 |  | 553570 | 8066 | SH |  | SOLE |  | 8066 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 1995280 | 24500 | SH |  | SOLE |  | 24500 | 0 | 0 |
| EATON CORP PLC | SHS | 00B8KQN82 |  | 2040350 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 634185 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 974643 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 5590692 | 58200 | SH |  | SOLE |  | 58200 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 48395262 | 1238231 | SH |  | SOLE |  | 1238231 | 0 | 0 |
| ENERPLUS CORP | COM | 292766102 |  | 1347685 | 76350 | SH |  | SOLE |  | 76350 | 0 | 0 |
| EOG RES INC | COM | 26875P101 |  | 6463048 | 49900 | SH |  | SOLE |  | 49900 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 6458562 | 149400 | SH |  | SOLE |  | 149400 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4831140 | 43800 | SH |  | SOLE |  | 43800 | 0 | 0 |
| F5 INC | COM | 315616102 |  | 172212 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 2819016 | 27900 | SH |  | SOLE |  | 27900 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 0 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 2788635 | 41100 | SH |  | SOLE |  | 41100 | 0 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 4091123 | 33408 | SH |  | SOLE |  | 33408 | 0 | 0 |
| FORD MTR CO DEL | COM | 345370860 |  | 1513063 | 130100 | SH |  | SOLE |  | 130100 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 6490396 | 162200 | SH |  | SOLE |  | 162200 | 0 | 0 |
| FRANCO NEV CORP | COM | 351858105 |  | 6903654 | 50645 | SH |  | SOLE |  | 50645 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1881000 | 49500 | SH |  | SOLE |  | 49500 | 0 | 0 |
| GENERAC HLDGS INC | COM | 368736104 |  | 362376 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 531512 | 15800 | SH |  | SOLE |  | 15800 | 0 | 0 |
| GFL ENVIRONMENTAL INC | SUB VTG SHS | 36168Q104 |  | 21056364 | 721050 | SH |  | SOLE |  | 721050 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 8026975 | 93500 | SH |  | SOLE |  | 93500 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 343380 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| GRANITE REAL ESTATE INVT TR | UNIT 99/99/9999 | 387437114 |  | 6990651 | 137020 | SH |  | SOLE |  | 137020 | 0 | 0 |
| HARTFORD FINL SVCS GROUP INC | COM | 416515104 |  | 652138 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 3567461 | 142300 | SH |  | SOLE |  | 142300 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 16424720 | 52000 | SH |  | SOLE |  | 52000 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 9836370 | 45900 | SH |  | SOLE |  | 45900 | 0 | 0 |
| I-80 GOLD CORP | COM | 44955L106 |  | 1855383 | 664600 | SH |  | SOLE |  | 664600 | 0 | 0 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 9744088 | 200053 | SH |  | SOLE |  | 200053 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 449792 | 5600 | SH |  | SOLE |  | 5600 | 0 | 0 |
| INGERSOLL RAND INC | COM | 45687V106 |  | 182875 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 5674521 | 214700 | SH |  | SOLE |  | 214700 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 902792 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 12546255 | 89050 | SH |  | SOLE |  | 89050 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 573692 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| JACOBS SOLUTIONS INC | COM | 46982L108 |  | 360210 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 11658900 | 66000 | SH |  | SOLE |  | 66000 | 0 | 0 |
| JOHNSON CTLS INTL PLC | SHS | 00BY7QL61 |  | 4640000 | 72500 | SH |  | SOLE |  | 72500 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 11411910 | 85100 | SH |  | SOLE |  | 85100 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 265268 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 435052 | 12200 | SH |  | SOLE |  | 12200 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 464200 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| KLA CORP | COM NEW | 482480100 |  | 546694 | 1450 | SH |  | SOLE |  | 1450 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 3313794 | 81400 | SH |  | SOLE |  | 81400 | 0 | 0 |
| LAMB WESTON HLDGS INC | COM | 513272104 |  | 196592 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| LIGHTSPEED COMMERCE INC | SUB VTG SHS | 53229C107 |  | 7722708 | 540390 | SH |  | SOLE |  | 540390 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 585344 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 6421668 | 13200 | SH |  | SOLE |  | 13200 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | 00B3SPXZ3 |  | 4500226 | 54200 | SH |  | SOLE |  | 54200 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 377156 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| MAG SILVER CORP | COM | 55903Q104 |  | 3903534 | 249900 | SH |  | SOLE |  | 249900 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 12315709 | 219241 | SH |  | SOLE |  | 219241 | 0 | 0 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 82788126 | 4641620 | SH |  | SOLE |  | 4641620 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 349170 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| MASTEC INC | COM | 576323109 |  | 383985 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1616945 | 4650 | SH |  | SOLE |  | 4650 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 11410849 | 43300 | SH |  | SOLE |  | 43300 | 0 | 0 |
| MEDTRONIC PLC | SHS | 00BTN1Y11 |  | 6272004 | 80700 | SH |  | SOLE |  | 80700 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 14356930 | 129400 | SH |  | SOLE |  | 129400 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1143230 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| METLIFE INC | COM | 59156R108 |  | 506590 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 505800 | 7200 | SH |  | SOLE |  | 7200 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 9173115 | 38250 | SH |  | SOLE |  | 38250 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 594396 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 8604515 | 129100 | SH |  | SOLE |  | 129100 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 467038 | 4600 | SH |  | SOLE |  | 4600 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 8621028 | 101400 | SH |  | SOLE |  | 101400 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 2852850 | 47500 | SH |  | SOLE |  | 47500 | 0 | 0 |
| NETFLIX INC | COM | 64110L106 |  | 575016 | 1950 | SH |  | SOLE |  | 1950 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 3176382 | 3233700 | SH |  | SOLE |  | 3233700 | 0 | 0 |
| NEW YORK CMNTY BANCORP INC | COM | 649445103 |  | 1154980 | 134300 | SH |  | SOLE |  | 134300 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 2190080 | 46400 | SH |  | SOLE |  | 46400 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 65340P106 |  | 4918967 | 1111900 | SH |  | SOLE |  | 1111900 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 11779240 | 140900 | SH |  | SOLE |  | 140900 | 0 | 0 |
| NORTH AMERN CONSTR GROUP LTD | COM | 656811106 |  | 1738124 | 130167 | SH |  | SOLE |  | 130167 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 52212293 | 715179 | SH |  | SOLE |  | 715179 | 0 | 0 |
| NUVEI CORPORATION | SUB VTG SHS | 67079A102 |  | 202292 | 7960 | SH |  | SOLE |  | 7960 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1110664 | 7600 | SH |  | SOLE |  | 7600 | 0 | 0 |
| OBSIDIAN ENERGY LTD | COM | 674482203 |  | 3317427 | 500200 | SH |  | SOLE |  | 500200 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 13663912 | 461140 | SH |  | SOLE |  | 461140 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 294264 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| ORGANIGRAM HLDGS INC | COM | 68620P101 |  | 1062629 | 1308000 | SH |  | SOLE |  | 1308000 | 0 | 0 |
| ORLA MNG LTD NEW | COM | 68634K106 |  | 5546153 | 1370345 | SH |  | SOLE |  | 1370345 | 0 | 0 |
| OSISKO GOLD ROYALTIES LTD | COM | 68827L101 |  | 8302227 | 688800 | SH |  | SOLE |  | 688800 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 523800 | 1800 | SH |  | SOLE |  | 1800 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 2022300 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 551955 | 7750 | SH |  | SOLE |  | 7750 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 28135531 | 828884 | SH |  | SOLE |  | 828884 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 9773706 | 54100 | SH |  | SOLE |  | 54100 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 16996308 | 331700 | SH |  | SOLE |  | 331700 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 10070395 | 99500 | SH |  | SOLE |  | 99500 | 0 | 0 |
| PHILLIPS 66 | COM | 718546104 |  | 5099920 | 49000 | SH |  | SOLE |  | 49000 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 7559709 | 33100 | SH |  | SOLE |  | 33100 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 15898644 | 104900 | SH |  | SOLE |  | 104900 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 4227375 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 4154106 | 67800 | SH |  | SOLE |  | 67800 | 0 | 0 |
| PULTE GROUP INC | COM | 745867101 |  | 400664 | 8800 | SH |  | SOLE |  | 8800 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 3490595 | 31750 | SH |  | SOLE |  | 31750 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 11024299 | 109238 | SH |  | SOLE |  | 109238 | 0 | 0 |
| REGENCY CTRS CORP | COM | 758849103 |  | 3593750 | 57500 | SH |  | SOLE |  | 57500 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 2605598 | 20200 | SH |  | SOLE |  | 20200 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 23353574 | 361091 | SH |  | SOLE |  | 361091 | 0 | 0 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 43404066 | 751427 | SH |  | SOLE |  | 751427 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 73288294 | 1565920 | SH |  | SOLE |  | 1565920 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 29283795 | 311471 | SH |  | SOLE |  | 311471 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 543619 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 1148988 | 13800 | SH |  | SOLE |  | 13800 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 5362538 | 34700 | SH |  | SOLE |  | 34700 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 407684 | 1050 | SH |  | SOLE |  | 1050 | 0 | 0 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 31280604 | 1085720 | SH |  | SOLE |  | 1085720 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 11188068 | 322243 | SH |  | SOLE |  | 322243 | 0 | 0 |
| SIGNATURE BK NEW YORK N Y | COM | 82669G104 |  | 1405684 | 12200 | SH |  | SOLE |  | 12200 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 2349600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 570520 | 13600 | SH |  | SOLE |  | 13600 | 0 | 0 |
| SKEENA RES LTD NEW | COM | 83056P715 |  | 2661283 | 499775 | SH |  | SOLE |  | 499775 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 9661773 | 135300 | SH |  | SOLE |  | 135300 | 0 | 0 |
| SPDR SER TR | GLB DOW ETF | 78464A706 |  | 11549743 | 114286 | SH |  | SOLE |  | 114286 | 0 | 0 |
| SPROTT INC | COM NEW | 852066208 |  | 1094399 | 32900 | SH |  | SOLE |  | 32900 | 0 | 0 |
| SSR MNG INC | COM | 784730103 |  | 6364199 | 406660 | SH |  | SOLE |  | 406660 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 1412256 | 18800 | SH |  | SOLE |  | 18800 | 0 | 0 |
| STANTEC INC | COM | 85472N109 |  | 11885882 | 248050 | SH |  | SOLE |  | 248050 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 4761600 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 782368 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 11378264 | 245126 | SH |  | SOLE |  | 245126 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 91928987 | 2898064 | SH |  | SOLE |  | 2898064 | 0 | 0 |
| SVB FINANCIAL GROUP | COM | 78486Q101 |  | 230140 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1596996 | 48600 | SH |  | SOLE |  | 48600 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 606651 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 856240 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 426933 | 4100 | SH |  | SOLE |  | 4100 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 238464 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| TC ENERGY CORP | COM | 87807B107 |  | 95376361 | 2392360 | SH |  | SOLE |  | 2392360 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 24985094 | 661126 | SH |  | SOLE |  | 661126 | 0 | 0 |
| TELUS CORPORATION | COM | 87971M103 |  | 43389540 | 2248352 | SH |  | SOLE |  | 2248352 | 0 | 0 |
| TELUS INTL CDA INC | SUB VTG SHS | 87975H100 |  | 158320 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1207164 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 5980964 | 36200 | SH |  | SOLE |  | 36200 | 0 | 0 |
| TEXTRON INC | COM | 883203101 |  | 2619600 | 37000 | SH |  | SOLE |  | 37000 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1101380 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| THOMSON REUTERS CORP. | COM NEW | 884903709 |  | 16182366 | 141855 | SH |  | SOLE |  | 141855 | 0 | 0 |
| TJX COS INC NEW | COM | 872540109 |  | 636800 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 350000 | 2500 | SH |  | SOLE |  | 2500 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 118161613 | 1824921 | SH |  | SOLE |  | 1824921 | 0 | 0 |
| TRANSALTA CORP | COM | 89346D107 |  | 29084392 | 3251880 | SH |  | SOLE |  | 3251880 | 0 | 0 |
| TRICON RESIDENTIAL INC | COM NPV | 89612W102 |  | 6750586 | 875507 | SH |  | SOLE |  | 875507 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 6226441 | 144700 | SH |  | SOLE |  | 144700 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 3660300 | 58800 | SH |  | SOLE |  | 58800 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 993936 | 4800 | SH |  | SOLE |  | 4800 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 8778920 | 50500 | SH |  | SOLE |  | 50500 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 568672 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1219414 | 2300 | SH |  | SOLE |  | 2300 | 0 | 0 |
| V F CORP | COM | 918204108 |  | 3150301 | 114100 | SH |  | SOLE |  | 114100 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 13636340 | 346100 | SH |  | SOLE |  | 346100 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 13000096 | 734340 | SH |  | SOLE |  | 734340 | 0 | 0 |
| VERTEX PHARMACEUTICALS INC | COM | 92532F100 |  | 693072 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 831040 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 368654 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 1307924 | 9867 | SH |  | SOLE |  | 9867 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 4430417 | 107300 | SH |  | SOLE |  | 107300 | 0 | 0 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 |  | 2716475 | 37620 | SH |  | SOLE |  | 37620 | 0 | 0 |
| WESTROCK CO | COM | 96145D105 |  | 3294492 | 93700 | SH |  | SOLE |  | 93700 | 0 | 0 |
| WEYERHAEUSER CO MTN BE | COM NEW | 962166104 |  | 1767000 | 57000 | SH |  | SOLE |  | 57000 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 54697 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 3540040 | 107600 | SH |  | SOLE |  | 107600 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 285240 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 732750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |

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