# EDGAR Filing Document

**Accession Number:** 0001443077
**File Stem:** 0001062993-26-002419
**Filing Date:** 2026-5
**Character Count:** 30302
**Document Hash:** 2f3ee34f4ddcecd445c845ba6e026c0f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-26-002419.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001062993-26-002419

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**EFFECTIVENESS DATE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INTACT INVESTMENT MANAGEMENT INC.
- **CENTRAL INDEX KEY:** 0001443077

**ORGANIZATION NAME:**
- **EIN:** 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:** 26956821

**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:** 03-31-2026

**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:**

/s/ Edith Rathe  Montreal, A8  05-07-2026<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:** 269

**Form 13F Information Table Value Total:** $3508759611

      (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 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 9589378 | 93400 | SH |  | SOLE |  | 93400 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 23408449 | 107630 | SH |  | SOLE |  | 107630 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 6722031 | 33900 | SH |  | SOLE |  | 33900 | 0 | 0 |
| AES CORP | COM | 00130H105 |  | 2744732 | 194800 | SH |  | SOLE |  | 194800 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 32290019 | 159123 | SH |  | SOLE |  | 133423 | 0 | 25700 |
| AIR PRODUCTS AND CHEMICALS I | COM | 009158106 |  | 8540406 | 29400 | SH |  | SOLE |  | 29400 | 0 | 0 |
| ALGONQUIN POWER  UTILITIES | COM | 015857105 |  | 20218508 | 3302119 | SH |  | SOLE |  | 3302119 | 0 | 0 |
| ALLIED GOLD CORP | COM NEW | 01921D204 |  | 548490 | 17700 | SH |  | SOLE |  | 6100 | 0 | 11600 |
| ALLSTATE CORP | COM | 020002101 |  | 622020 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ALMONTY INDS INC | COM NEW | 020398707 |  | 2248727 | 154600 | SH |  | SOLE |  | 53300 | 0 | 101300 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2352252 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 20618052 | 71700 | SH |  | SOLE |  | 71700 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 8162963 | 123700 | SH |  | SOLE |  | 123700 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7476893 | 35900 | SH |  | SOLE |  | 35900 | 0 | 0 |
| AMERICAN HOMES 4 RENT | CL A | 02665T306 |  | 3515407 | 125910 | SH |  | SOLE |  | 125910 | 0 | 0 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 496650 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 3658696 | 21200 | SH |  | SOLE |  | 21200 | 0 | 0 |
| AMERICAS GOLD AND SILVER COR | COM NEW | 03062D803 |  | 5190470 | 994840 | SH |  | SOLE |  | 509100 | 0 | 485740 |
| AMGEN INC | COM | 031162100 |  | 5383305 | 15300 | SH |  | SOLE |  | 15300 | 0 | 0 |
| AMPHENOL CORP | CL A | 032095101 |  | 7252490 | 57400 | SH |  | SOLE |  | 57400 | 0 | 0 |
| ANALOG DEVICES INC | COM | 032654105 |  | 1145304 | 3600 | SH |  | SOLE |  | 3600 | 0 | 0 |
| APOLLO GLOBAL MGMT INC | COM | 03769M106 |  | 757656 | 6800 | SH |  | SOLE |  | 6800 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 18628186 | 73400 | SH |  | SOLE |  | 73400 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 8408034 | 24600 | SH |  | SOLE |  | 24600 | 0 | 0 |
| APPLOVIN CORP | COM CL A | 03831W108 |  | 1540260 | 3870 | SH |  | SOLE |  | 3870 | 0 | 0 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 1252356 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 12158406 | 419400 | SH |  | SOLE |  | 419400 | 0 | 0 |
| ATS CORPORATION | COM | 00217Y104 |  | 1504407 | 53389 | SH |  | SOLE |  | 18385 | 0 | 35004 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 3474378 | 17100 | SH |  | SOLE |  | 17100 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 1351112 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 2825955 | 17300 | SH |  | SOLE |  | 17300 | 0 | 0 |
| BAKER HUGHES COMPANY | CL A | 05722G100 |  | 6923070 | 113400 | SH |  | SOLE |  | 113400 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 13001625 | 266700 | SH |  | SOLE |  | 266700 | 0 | 0 |
| BANK MONTREAL MEDIUM | COM | 063671101 |  | 52742028 | 389505 | SH |  | SOLE |  | 332424 | 0 | 57081 |
| BANK NOVA SCOTIA B C | COM | 064149107 |  | 27181662 | 392073 | SH |  | SOLE |  | 342251 | 0 | 49822 |
| BARRICK MNG CORP | COM SHS | 06849F108 |  | 37714245 | 923120 | SH |  | SOLE |  | 784220 | 0 | 138900 |
| BAUSCH HEALTH COS INC | COM | 071734107 |  | 946282 | 175100 | SH |  | SOLE |  | 60404 | 0 | 114696 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 29083138 | 6506300 | SH |  | SOLE |  | 5937400 | 0 | 568900 |
| BCE INC | COM NEW | 05534B760 |  | 90499731 | 3587760 | SH |  | SOLE |  | 3340360 | 0 | 247400 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1533440 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| BLACKBERRY LTD | COM | 09228F103 |  | 1306490 | 403100 | SH |  | SOLE |  | 139000 | 0 | 264100 |
| BLACKROCK INC | COM | 09290D101 |  | 8078364 | 8400 | SH |  | SOLE |  | 8400 | 0 | 0 |
| BLACKSTONE INC | COM | 09260D107 |  | 3587688 | 31200 | SH |  | SOLE |  | 31200 | 0 | 0 |
| BLOCK INC | CL A | 852234103 |  | 355062 | 5900 | SH |  | SOLE |  | 5900 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1731561 | 8700 | SH |  | SOLE |  | 8700 | 0 | 0 |
| BOSTON SCIENTIFIC CORP | COM | 101137107 |  | 1587575 | 25300 | SH |  | SOLE |  | 25300 | 0 | 0 |
| BOYD GROUP SERVICES INC | COM | 103310108 |  | 8012289 | 62780 | SH |  | SOLE |  | 62780 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 6350055 | 104700 | SH |  | SOLE |  | 104700 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 20443136 | 66050 | SH |  | SOLE |  | 66050 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 73836321 | 1661168 | SH |  | SOLE |  | 1495568 | 0 | 165600 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 16309625 | 402605 | SH |  | SOLE |  | 228343 | 0 | 174262 |
| BROOKFIELD INFRASTRUCTURE CO | COM SUB VTG A | 11276H106 |  | 4764198 | 120600 | SH |  | SOLE |  | 120600 | 0 | 0 |
| BROOKFIELD INFRASTRUCTURE PA | LP INT UNIT | G16252101 |  | 108743792 | 2834584 | SH |  | SOLE |  | 2834584 | 0 | 0 |
| BROOKFIELD RENEWABLE CORP | CL A EX SUB VTG | 11285B108 |  | 836680 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| BROOKFIELD RENEWABLE ENERGY | PARTNERSHIP UNIT | G16258108 |  | 25540216 | 783147 | SH |  | SOLE |  | 783147 | 0 | 0 |
| CAE INC | COM | 124765108 |  | 17758472 | 682245 | SH |  | SOLE |  | 563329 | 0 | 118916 |
| CAMECO CORP | COM | 13321L108 |  | 19252731 | 177090 | SH |  | SOLE |  | 121750 | 0 | 55340 |
| CANADIAN IMPERIAL BANK OF CO | COM | 136069101 |  | 30775615 | 324820 | SH |  | SOLE |  | 266020 | 0 | 58800 |
| CANADIAN NAT RES LTD MED TER | COM | 136385101 |  | 40343416 | 827260 | SH |  | SOLE |  | 787160 | 0 | 40100 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 98926422 | 961420 | SH |  | SOLE |  | 838420 | 0 | 123000 |
| CANADIAN PACIFIC KANSAS CITY | COM | 13646K108 |  | 5396482 | 68596 | SH |  | SOLE |  | 42596 | 0 | 26000 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 1331739 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 676192 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 399801 | 7100 | SH |  | SOLE |  | 7100 | 0 | 0 |
| CELESTICA INC | COM | 15101Q207 |  | 6672409 | 23660 | SH |  | SOLE |  | 17060 | 0 | 6600 |
| CELSIUS HLDGS INC | COM NEW | 15118V207 |  | 415116 | 11700 | SH |  | SOLE |  | 11700 | 0 | 0 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 99522417 | 3750960 | SH |  | SOLE |  | 3464460 | 0 | 286500 |
| CENTERRA GOLD INC | COM | 152006102 |  | 5785409 | 325400 | SH |  | SOLE |  | 220300 | 0 | 105100 |
| CHEVRON CORPORATION | COM | 166764100 |  | 20123508 | 97262 | SH |  | SOLE |  | 97262 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC | COM | 169656105 |  | 1478862 | 46200 | SH |  | SOLE |  | 46200 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 12173871 | 156900 | SH |  | SOLE |  | 156900 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1485671 | 13100 | SH |  | SOLE |  | 13100 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 6260706 | 80700 | SH |  | SOLE |  | 80700 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 16221465 | 213300 | SH |  | SOLE |  | 213300 | 0 | 0 |
| COLLIERS INTL GROUP INC | SUB VTG SHS | 194693107 |  | 8170263 | 76440 | SH |  | SOLE |  | 60540 | 0 | 15900 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 3126519 | 108900 | SH |  | SOLE |  | 108900 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 5016000 | 38000 | SH |  | SOLE |  | 38000 | 0 | 0 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 |  | 225000 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 363584 | 1302 | SH |  | SOLE |  | 1302 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 698376 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 1644110 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 6096790 | 173500 | SH |  | SOLE |  | 173500 | 0 | 0 |
| CROWN CASTLE INC | COM | 22822V101 |  | 7195935 | 88500 | SH |  | SOLE |  | 88500 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 12906054 | 179700 | SH |  | SOLE |  | 179700 | 0 | 0 |
| DANAHER CORP DEL | COM | 235851102 |  | 701520 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| DATADOG INC | CL A COM | 23804L103 |  | 790935 | 6700 | SH |  | SOLE |  | 6700 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1592061 | 9700 | SH |  | SOLE |  | 9700 | 0 | 0 |
| DENISON MINES CORP | COM | 248356107 |  | 4174645 | 1178300 | SH |  | SOLE |  | 451600 | 0 | 726700 |
| DEXCOM INC | COM | 252131107 |  | 1099000 | 17500 | SH |  | SOLE |  | 17500 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 9165738 | 95100 | SH |  | SOLE |  | 95100 | 0 | 0 |
| DOLLAR GEN CORP | COM | 256677105 |  | 6055230 | 51000 | SH |  | SOLE |  | 51000 | 0 | 0 |
| DOLLAR TREE INC | COM | 256746108 |  | 558501 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 10841832 | 82800 | SH |  | SOLE |  | 82800 | 0 | 0 |
| E L F BEAUTY INC | COM | 26856L103 |  | 169708 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| EASTMAN CHEM CO | COM | 277432100 |  | 3762576 | 49300 | SH |  | SOLE |  | 49300 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 5436584 | 15200 | SH |  | SOLE |  | 15200 | 0 | 0 |
| ELDORADO GOLD CORP NEW | COM | 284902509 |  | 18645920 | 543140 | SH |  | SOLE |  | 466940 | 0 | 76200 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 986568 | 3370 | SH |  | SOLE |  | 3370 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 2924869 | 3180 | SH |  | SOLE |  | 3180 | 0 | 0 |
| EMERA INC | COM | 290876101 |  | 92995471 | 1794525 | SH |  | SOLE |  | 1736805 | 0 | 57720 |
| EMERSON ELEC CO | COM | 291011104 |  | 720610 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 39929256 | 736793 | SH |  | SOLE |  | 665793 | 0 | 71000 |
| ENDEAVOUR SILVER CORP | COM | 29258Y103 |  | 706134 | 75700 | SH |  | SOLE |  | 23108 | 0 | 52592 |
| ENERFLEX LTD | COM | 29269R105 |  | 4993949 | 238800 | SH |  | SOLE |  | 101500 | 0 | 137300 |
| EOG RES INC | COM | 26875P101 |  | 5797257 | 40100 | SH |  | SOLE |  | 40100 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 8822160 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 1462553 | 54900 | SH |  | SOLE |  | 18900 | 0 | 36000 |
| EXELON CORP | COM | 30161N101 |  | 5421612 | 110600 | SH |  | SOLE |  | 110600 | 0 | 0 |
| EXTRA SPACE STORAGE INC | COM | 30225T102 |  | 1560447 | 11900 | SH |  | SOLE |  | 11900 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 8499966 | 50100 | SH |  | SOLE |  | 50100 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 6701851 | 63100 | SH |  | SOLE |  | 63100 | 0 | 0 |
| FIRSTSERVICE CORP NEW | COM | 33767E202 |  | 333775 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| FLOWSERVE CORP | COM | 34354P105 |  | 911524 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 2846165 | 51030 | SH |  | SOLE |  | 42130 | 0 | 8900 |
| FORTUNA MNG CORP | COM NEW | 349942102 |  | 1462014 | 147100 | SH |  | SOLE |  | 50700 | 0 | 96400 |
| FRANCO NEV CORP | COM | 351858105 |  | 34867796 | 140858 | SH |  | SOLE |  | 115458 | 0 | 25400 |
| FREEPORT MCMORAN INC | CL B | 35671D857 |  | 4943398 | 84100 | SH |  | SOLE |  | 84100 | 0 | 0 |
| GALLAGHER ARTHUR J  CO | COM | 363576109 |  | 346528 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 3173700 | 42600 | SH |  | SOLE |  | 42600 | 0 | 0 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 60368978 | 1084335 | SH |  | SOLE |  | 995945 | 0 | 88390 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 7052122 | 50600 | SH |  | SOLE |  | 50600 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 740976 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 2030376 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| HEALTHPEAK PROPERTIES INC | COM | 42250P103 |  | 3851192 | 234400 | SH |  | SOLE |  | 234400 | 0 | 0 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 3304828 | 138800 | SH |  | SOLE |  | 138800 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 19009842 | 57800 | SH |  | SOLE |  | 57800 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 5899383 | 26100 | SH |  | SOLE |  | 26100 | 0 | 0 |
| HUDBAY MINERALS INC | COM | 443628102 |  | 13465115 | 643210 | SH |  | SOLE |  | 496510 | 0 | 146700 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 4256800 | 272000 | SH |  | SOLE |  | 272000 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 21682645 | 1153341 | SH |  | SOLE |  | 925751 | 0 | 227590 |
| IMPERIAL OIL LTD | COM NEW | 453038408 |  | 261890 | 2000 | SH |  | SOLE |  | 2000 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 608536 | 2900 | SH |  | SOLE |  | 2900 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 707760 | 4500 | SH |  | SOLE |  | 4500 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 5720404 | 23600 | SH |  | SOLE |  | 23600 | 0 | 0 |
| IQVIA HLDGS INC | COM | 46266C105 |  | 648052 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| IRON MTN INC DEL | COM | 46284V101 |  | 7313224 | 71600 | SH |  | SOLE |  | 71600 | 0 | 0 |
| ISOENERGY LTD | COM NEW | 46500E867 |  | 1150186 | 108581 | SH |  | SOLE |  | 46580 | 0 | 62001 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 13377957 | 54729 | SH |  | SOLE |  | 54729 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 13148952 | 44700 | SH |  | SOLE |  | 44700 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 6872130 | 261000 | SH |  | SOLE |  | 261000 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 8441125 | 87500 | SH |  | SOLE |  | 87500 | 0 | 0 |
| KINROSS GOLD CORP | COM | 496902404 |  | 48171804 | 1576089 | SH |  | SOLE |  | 1332180 | 0 | 243909 |
| KKR  CO INC | COM | 48251W104 |  | 536500 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 897390 | 2600 | SH |  | SOLE |  | 2600 | 0 | 0 |
| LIGHTSPEED COMMERCE INC | SUB VTG SHS | 53229C107 |  | 3255945 | 364200 | SH |  | SOLE |  | 175100 | 0 | 189100 |
| LITHIUM ARGENTINA AG | COM SHS | H5012F103 |  | 3322336 | 497100 | SH |  | SOLE |  | 497100 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 10153752 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV | SHS - A - | N53745100 |  | 1562864 | 19400 | SH |  | SOLE |  | 19400 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 69232035 | 1240010 | SH |  | SOLE |  | 1200810 | 0 | 39200 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 84964278 | 2467191 | SH |  | SOLE |  | 2235185 | 0 | 232006 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 699524 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 4584996 | 90900 | SH |  | SOLE |  | 90900 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 6017205 | 19361 | SH |  | SOLE |  | 19361 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 5095020 | 58800 | SH |  | SOLE |  | 58800 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 20870315 | 173500 | SH |  | SOLE |  | 173500 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 13959972 | 24400 | SH |  | SOLE |  | 24400 | 0 | 0 |
| METHANEX CORP | COM | 59151K108 |  | 17834902 | 299400 | SH |  | SOLE |  | 253323 | 0 | 46077 |
| METLIFE INC | COM | 59156R108 |  | 820352 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1738009 | 26900 | SH |  | SOLE |  | 26900 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 3243264 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 24024033 | 64900 | SH |  | SOLE |  | 64900 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 12029468 | 208700 | SH |  | SOLE |  | 208700 | 0 | 0 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 9561517 | 58100 | SH |  | SOLE |  | 58100 | 0 | 0 |
| MOTOROLA SOLUTIONS INC | COM NEW | 620076307 |  | 1735880 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| NETAPP INC | COM | 64110D104 |  | 2897637 | 28300 | SH |  | SOLE |  | 28300 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 1749930 | 18200 | SH |  | SOLE |  | 18200 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 238150 | 2200 | SH |  | SOLE |  | 2200 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 12557376 | 135200 | SH |  | SOLE |  | 135200 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 5097130 | 96500 | SH |  | SOLE |  | 96500 | 0 | 0 |
| NORTH AMERN CONSTR GROUP LTD | COM | 656811106 |  | 2805720 | 208000 | SH |  | SOLE |  | 208000 | 0 | 0 |
| NOVAGOLD RESOURCES INC | COM NEW | 66987E206 |  | 6303 | 700 | SH |  | SOLE |  | 700 | 0 | 0 |
| NUTRIEN LTD | COM | 67077M108 |  | 64585867 | 855835 | SH |  | SOLE |  | 808878 | 0 | 46957 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 15936672 | 91380 | SH |  | SOLE |  | 91380 | 0 | 0 |
| OMNICOM GROUP INC | COM | 681919106 |  | 4096864 | 54400 | SH |  | SOLE |  | 54400 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 7276395 | 80500 | SH |  | SOLE |  | 80500 | 0 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 22098556 | 991940 | SH |  | SOLE |  | 991940 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712129 |  | 3529 | 5814 | SH |  | SOLE |  | 5814 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | COM | 683712103 |  | 2882131 | 615840 | SH |  | SOLE |  | 615840 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712145 |  | 1369 | 5814 | SH |  | SOLE |  | 5814 | 0 | 0 |
| OPENDOOR TECHNOLOGIES INC | *W EXP 11/20/202 | 683712137 |  | 1430 | 5814 | SH |  | SOLE |  | 5814 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 9360609 | 63630 | SH |  | SOLE |  | 63630 | 0 | 0 |
| OVINTIV INC | COM | 69047Q102 |  | 40409450 | 680830 | SH |  | SOLE |  | 625430 | 0 | 55400 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 277932 | 1900 | SH |  | SOLE |  | 1900 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 641280 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 76140973 | 1701464 | SH |  | SOLE |  | 1701464 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 10233611 | 65900 | SH |  | SOLE |  | 65900 | 0 | 0 |
| PERFORMANCE FOOD GROUP CO | COM | 71377A103 |  | 342640 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| PERPETUA RESOURCES CORP | COM | 714266103 |  | 3188962 | 113200 | SH |  | SOLE |  | 45450 | 0 | 67750 |
| PFIZER INC | COM | 717081103 |  | 17283240 | 615500 | SH |  | SOLE |  | 615500 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 4722816 | 268800 | SH |  | SOLE |  | 268800 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 23263338 | 140700 | SH |  | SOLE |  | 140700 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 7553667 | 36300 | SH |  | SOLE |  | 36300 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 5465408 | 290250 | SH |  | SOLE |  | 290250 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 17838340 | 123500 | SH |  | SOLE |  | 123500 | 0 | 0 |
| PROGRESSIVE CORP | COM | 743315103 |  | 475776 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 2868306 | 21700 | SH |  | SOLE |  | 21700 | 0 | 0 |
| QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 |  | 2463363 | 21350 | SH |  | SOLE |  | 21350 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 2163504 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 1165200 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| RAYMOND JAMES FINL INC | COM | 754730109 |  | 796345 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| RB GLOBAL INC | COM | 74935Q107 |  | 26929549 | 280882 | SH |  | SOLE |  | 237912 | 0 | 42970 |
| REALTY INCOME CORP | COM | 756109104 |  | 3322074 | 54300 | SH |  | SOLE |  | 54300 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 2325646 | 3010 | SH |  | SOLE |  | 3010 | 0 | 0 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 1661232 | 63600 | SH |  | SOLE |  | 63600 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 6242070 | 28500 | SH |  | SOLE |  | 28500 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 47986463 | 648661 | SH |  | SOLE |  | 648661 | 0 | 0 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 68114016 | 1771601 | SH |  | SOLE |  | 1771601 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 177554032 | 1098659 | SH |  | SOLE |  | 941661 | 0 | 156998 |
| RTX CORPORATION | COM | 75513E101 |  | 3568650 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 4551138 | 10700 | SH |  | SOLE |  | 10700 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 5861438 | 31400 | SH |  | SOLE |  | 31400 | 0 | 0 |
| SANGOMA TECHNOLOGIES CORP | COM NEW | 80100R408 |  | 2825360 | 717425 | SH |  | SOLE |  | 397468 | 0 | 319957 |
| SBA COMMUNICATIONS CORP | CL A | 78410G104 |  | 740073 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 8618979 | 88700 | SH |  | SOLE |  | 88700 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 1519112 | 14530 | SH |  | SOLE |  | 14530 | 0 | 0 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 29144270 | 245694 | SH |  | SOLE |  | 140313 | 0 | 105381 |
| SILVERCORP METALS INC | COM | 82835P103 |  | 1749186 | 162700 | SH |  | SOLE |  | 56100 | 0 | 106600 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 3018572 | 31300 | SH |  | SOLE |  | 31300 | 0 | 0 |
| SOUTH BOW CORP | COM | 83671M105 |  | 35449515 | 1065860 | SH |  | SOLE |  | 1065860 | 0 | 0 |
| SOUTHERN CO | COM | 842587107 |  | 3098292 | 32100 | SH |  | SOLE |  | 32100 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A706 |  | 12422082 | 73266 | SH |  | SOLE |  | 73266 | 0 | 0 |
| SPROTT INC | COM NEW | 852066208 |  | 13153822 | 92200 | SH |  | SOLE |  | 79500 | 0 | 12700 |
| STARBUCKS CORP | COM | 855244109 |  | 9120262 | 101800 | SH |  | SOLE |  | 101800 | 0 | 0 |
| STATE STR CORP | COM | 857477103 |  | 3834768 | 30300 | SH |  | SOLE |  | 30300 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 7143985 | 10985 | SH |  | SOLE |  | 10985 | 0 | 0 |
| SUN LIFE FINANCIAL INC. | COM | 866796105 |  | 25535044 | 407711 | SH |  | SOLE |  | 407711 | 0 | 0 |
| SUNBELT RENTALS HOLDINGS INC | SHS | 866966104 |  | 2470737 | 39300 | SH |  | SOLE |  | 39300 | 0 | 0 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 132421004 | 2002650 | SH |  | SOLE |  | 1802850 | 0 | 199800 |
| SYNOPSYS INC | COM | 871607107 |  | 475776 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 3801889 | 53300 | SH |  | SOLE |  | 53300 | 0 | 0 |
| TAPESTRY INC | COM | 876030107 |  | 1580432 | 11200 | SH |  | SOLE |  | 11200 | 0 | 0 |
| TASEKO MINES LTD | COM | 876511106 |  | 5238944 | 809100 | SH |  | SOLE |  | 372661 | 0 | 436439 |
| TC ENERGY CORP | COM | 87807B107 |  | 28648642 | 457635 | SH |  | SOLE |  | 335230 | 0 | 122405 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 839396 | 16200 | SH |  | SOLE |  | 16200 | 0 | 0 |
| TELESAT CORP | CL A  CL B SHS | 879512309 |  | 2661992 | 73700 | SH |  | SOLE |  | 38700 | 0 | 35000 |
| TELUS CORPORATION | COM | 87971M103 |  | 53112685 | 4133462 | SH |  | SOLE |  | 4133462 | 0 | 0 |
| TERADYNE INC | COM | 880770102 |  | 444690 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1858750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 |  | 14249876 | 73400 | SH |  | SOLE |  | 73400 | 0 | 0 |
| THOMSON REUTERS CORP | COM | 884903808 |  | 18744127 | 207729 | SH |  | SOLE |  | 207729 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 12643806 | 60200 | SH |  | SOLE |  | 60200 | 0 | 0 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 117281487 | 1256136 | SH |  | SOLE |  | 1033862 | 0 | 222274 |
| TRANSALTA CORP | COM | 89346D107 |  | 19045785 | 1449000 | SH |  | SOLE |  | 1449000 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 927168 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| TRANSFORCE INC | COM | 87241L109 |  | 8226627 | 75600 | SH |  | SOLE |  | 75600 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 791230 | 11000 | SH |  | SOLE |  | 11000 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 13974912 | 57600 | SH |  | SOLE |  | 57600 | 0 | 0 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 6591460 | 67000 | SH |  | SOLE |  | 67000 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 4152792 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 11878901 | 43900 | SH |  | SOLE |  | 43900 | 0 | 0 |
| UNIVERSAL HLTH SVCS INC | CL B | 913903100 |  | 536910 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| US BANCORP | COM NEW | 902973304 |  | 8675268 | 166800 | SH |  | SOLE |  | 166800 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 914196 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| VENTAS INC | COM | 92276F100 |  | 3017682 | 36900 | SH |  | SOLE |  | 36900 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 17188480 | 342400 | SH |  | SOLE |  | 342400 | 0 | 0 |
| VERMILION ENERGY INC | COM | 923725105 |  | 20207370 | 1466800 | SH |  | SOLE |  | 1436800 | 0 | 30000 |
| VERSANT MEDIA GROUP INC | COM CL A | 925283103 |  | 161259 | 4356 | SH |  | SOLE |  | 4356 | 0 | 0 |
| VICI PPTYS INC | COM | 925652109 |  | 2445140 | 89500 | SH |  | SOLE |  | 89500 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 2327248 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| WABTEC | COM | 929740108 |  | 1924307 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 385268 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| WASTE CONNECTIONS INC | COM | 94106B101 |  | 18659360 | 114877 | SH |  | SOLE |  | 93117 | 0 | 21760 |
| WELLS FARGO  CO | COM | 949746101 |  | 5079118 | 63800 | SH |  | SOLE |  | 63800 | 0 | 0 |
| WEST FRASER TIMBER LTD | COM | 952845105 |  | 12928696 | 198000 | SH |  | SOLE |  | 198000 | 0 | 0 |
| WEYERHAEUSER CO | COM NEW | 962166104 |  | 4397400 | 180000 | SH |  | SOLE |  | 180000 | 0 | 0 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 32630482 | 248660 | SH |  | SOLE |  | 192260 | 0 | 56400 |
| XCEL ENERGY INC | COM | 98389B100 |  | 5910336 | 74400 | SH |  | SOLE |  | 74400 | 0 | 0 |
| XYLEM INC | COM | 98419M100 |  | 991850 | 8300 | SH |  | SOLE |  | 8300 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 673797 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |

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