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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINERA ALAMOS INC</name>
        <lei>254900I6L38EFNS8Z440</lei>
        <title>MINERA ALAMOS INC (4 MONTH LOCKUP)</title>
        <cusip>60283L600</cusip>
        <identifiers>
          <isin value="CA60283L6008"/>
        </identifiers>
        <balance>2816000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>793069.77000000</valUSD>
        <pctVal>0.074813385113</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRP INC</name>
        <lei>529900EPQGESIRCPY551</lei>
        <title>BRP INC</title>
        <cusip>05577W200</cusip>
        <identifiers>
          <isin value="CA05577W2004"/>
        </identifiers>
        <balance>147500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>9252468.72000000</valUSD>
        <pctVal>0.872821700924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAMIESON WELLNESS INC</name>
        <lei>254900EIXJ4NHQFFRO95</lei>
        <title>JAMIESON WELLNESS INC</title>
        <cusip>470748104</cusip>
        <identifiers>
          <isin value="CA4707481046"/>
        </identifiers>
        <balance>188400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>4677257.85000000</valUSD>
        <pctVal>0.441224096599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>STELLA JONES INC</name>
        <lei>549300EDZUTGQ9YWOW90</lei>
        <title>STELLA JONES INC</title>
        <cusip>85853F105</cusip>
        <identifiers>
          <isin value="CA85853F1053"/>
        </identifiers>
        <balance>99023.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>5620634.58000000</valUSD>
        <pctVal>0.530216527377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOLLARAMA INC</name>
        <lei>5493002GJ0NJP1HI0C79</lei>
        <title>DOLLARAMA INC</title>
        <cusip>25675T107</cusip>
        <identifiers>
          <isin value="CA25675T1075"/>
        </identifiers>
        <balance>285000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>37045631.17000000</valUSD>
        <pctVal>3.494659834917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CANADA GOOSE HOLDINGS INC</name>
        <lei>529900891XBE6RV8JR07</lei>
        <title>CANADA GOOSE HOLDINGS INC</title>
        <cusip>135086106</cusip>
        <identifiers>
          <isin value="CA1350861060"/>
        </identifiers>
        <balance>142176.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>1979749.23000000</valUSD>
        <pctVal>0.186757517655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALSOFT CORP</name>
        <lei>N/A</lei>
        <title>VALSOFT CORP SER A-1.2 PC PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="LBR973000"/>
        </identifiers>
        <balance>126.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1399963.32000000</valUSD>
        <pctVal>0.132064036439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APPLYBOARD</name>
        <lei>N/A</lei>
        <title>APPLYBOARD INC SER D PFD PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="HGE624000"/>
        </identifiers>
        <balance>4504.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49228.72000000</valUSD>
        <pctVal>0.004643938436</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUN LIFE FINL INC</name>
        <lei>549300V040JZX5S66Z78</lei>
        <title>SUN LIFE FINANCIAL INC</title>
        <cusip>866796105</cusip>
        <identifiers>
          <isin value="CA8667961053"/>
        </identifiers>
        <balance>454600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>27651011.37000000</valUSD>
        <pctVal>2.608428464510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>THE TORONTO DOMINION BANK</name>
        <lei>PT3QB789TSUIDF371261</lei>
        <title>TORONTO-DOMINION BANK</title>
        <cusip>891160509</cusip>
        <identifiers>
          <isin value="CA8911605092"/>
        </identifiers>
        <balance>575000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>47211864.10000000</valUSD>
        <pctVal>4.453680501344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINERA ALAMOS INC</name>
        <lei>254900I6L38EFNS8Z440</lei>
        <title>MINERA ALAMOS INC WT 08/11/28 (4 MONTH LOCKUP)</title>
        <cusip>60283L113</cusip>
        <identifiers>
          <isin value="CA60283L1132"/>
        </identifiers>
        <balance>2816000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>138937.49000000</valUSD>
        <pctVal>0.013106518920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>QUEBECOR INC</name>
        <lei>N/A</lei>
        <title>QUEBECOR INC CL A MULTI VTG DTC ELIGIBLE</title>
        <cusip>748193109</cusip>
        <identifiers>
          <isin value="CA7481931094"/>
        </identifiers>
        <balance>353900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>11228512.35000000</valUSD>
        <pctVal>1.059229654782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CCL INDUSTRIES INC</name>
        <lei>549300TD3EMSRRC0YH75</lei>
        <title>CCL INDUSTRIES INC CL A</title>
        <cusip>124900200</cusip>
        <identifiers>
          <isin value="CA1249002009"/>
        </identifiers>
        <balance>25900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>1444808.38000000</valUSD>
        <pctVal>0.136294447017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST QUANTUM MINERALS LTD</name>
        <lei>549300I7UVBGWRYMYZ18</lei>
        <title>FIRST QUANTUM MINERALS LTD</title>
        <cusip>335934105</cusip>
        <identifiers>
          <isin value="CA3359341052"/>
        </identifiers>
        <balance>168800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>3504656.52000000</valUSD>
        <pctVal>0.330608009333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>LUNDIN MINING CORP</name>
        <lei>549300FQDIM6C8HTN269</lei>
        <title>LUNDIN MINING CORP</title>
        <cusip>550372106</cusip>
        <identifiers>
          <isin value="CA5503721063"/>
        </identifiers>
        <balance>618400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>9946956.61000000</valUSD>
        <pctVal>0.938335470250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ANDLAUER HEALTHCARE GROUP INC</name>
        <lei>549300FEFF2VDKFOGG32</lei>
        <title>ANDLAUER HEALTHCARE GROUP INC</title>
        <cusip>034223107</cusip>
        <identifiers>
          <isin value="CA0342231077"/>
        </identifiers>
        <balance>214359.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>8314234.50000000</valUSD>
        <pctVal>0.784314383304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONSTELLATION SOFTWARE INC</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>CONSTELLATION SOFTWARE INC</title>
        <cusip>21037X100</cusip>
        <identifiers>
          <isin value="CA21037X1006"/>
        </identifiers>
        <balance>18600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>48949476.31000000</valUSD>
        <pctVal>4.617596283237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOYD GROUP SERVICES INC</name>
        <lei>549300FVHMLW88VSTP09</lei>
        <title>BOYD GROUP SVCS INC</title>
        <cusip>103310108</cusip>
        <identifiers>
          <isin value="CA1033101082"/>
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        <balance>51000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>8146255.04000000</valUSD>
        <pctVal>0.768468221330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TFI INTERNATIONAL INC</name>
        <lei>5493007R9W7KO7SJN678</lei>
        <title>TFI INTERNATIONAL INC</title>
        <cusip>87241L109</cusip>
        <identifiers>
          <isin value="CA87241L1094"/>
        </identifiers>
        <balance>49900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>4484257.96000000</valUSD>
        <pctVal>0.423017659229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRIPLE FLAG PRECIOUS METALS CORP</name>
        <lei>254900R7NJ1TEYIM4E61</lei>
        <title>TRIPLE FLAG PRECIOUS METALS CORP</title>
        <cusip>89679M104</cusip>
        <identifiers>
          <isin value="CA89679M1041"/>
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        <balance>193300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>5368104.52000000</valUSD>
        <pctVal>0.506394375347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IVANHOE ELECTRIC INC</name>
        <lei>N/A</lei>
        <title>IVANHOE ELECTRIC INC WT</title>
        <cusip>46578C116</cusip>
        <identifiers>
          <isin value="US46578C1163"/>
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        <balance>150319.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1182804.84000000</valUSD>
        <pctVal>0.111578624424</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>INTACT FINANCIAL CORP</name>
        <lei>5493009LXGE7Y4U9OY43</lei>
        <title>INTACT FINL CORP</title>
        <cusip>45823T106</cusip>
        <identifiers>
          <isin value="CA45823T1066"/>
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        <balance>140525.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
        <valUSD>26213365.48000000</valUSD>
        <pctVal>2.472809683295</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APPLYBOARD</name>
        <lei>N/A</lei>
        <title>APPLYBOARD INC VOTING COMMON SHARES PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="HGE619000"/>
        </identifiers>
        <balance>1677.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8753.94000000</valUSD>
        <pctVal>0.000825793529</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VALSOFT CORP</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="LBR971000"/>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>PET VALU HOLDINGS LTD</name>
        <lei>2549004F77OUH5ES5L44</lei>
        <title>PET VALU HOLDINGS LTD</title>
        <cusip>71584R105</cusip>
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          <isin value="CA71584R1055"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MONTREAL EXCHANGE (THE)</name>
        <lei>549300DKBYNOI0B1NP44</lei>
        <title>CAMECO CORP CALL 130 11/21/2025</title>
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          <ticker value="CCO11C130"/>
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        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>MONTREAL EXCHANGE (THE)</counterpartyName>
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            <putOrCall>Call</putOrCall>
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                <issuerName>CAMECO CORP</issuerName>
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      <invstOrSec>
        <name>GURU ORGANIC ENERGY CORP</name>
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          <isin value="CA36260M1005"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>APPLYBOARD</name>
        <lei>N/A</lei>
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          <other otherDesc="Internal" value="HGE621000"/>
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        <balance>1615.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>TERRAVEST INDUSTRIES INC</name>
        <lei>254900H4S2STHU44PM25</lei>
        <title>TERRAVEST INDUSTRIES INC</title>
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          <isin value="CA88105G1037"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>METRO INC</name>
        <lei>549300KQ7DCG4IXSNW78</lei>
        <title>METRO INC</title>
        <cusip>59162N109</cusip>
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          <isin value="CA59162N1096"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CARCETTI CAPITAL CORP</name>
        <lei>N/A</lei>
        <title>CARCETTI CAPITAL CORP (4-MO LOCKUP) SR PP</title>
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          <isin value="CA1413851124"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>RESTAURANT BRANDS INTL INC</name>
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        <title>RESTAURANT BRANDS INTERNATIONAL INC</title>
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          <isin value="CA76131D1033"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CANADIAN PACIFIC KANSAS CITY LTD</name>
        <lei>N/A</lei>
        <title>CANADIAN PACIFIC KANSAS CITY LTD</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KITS EYECARE LTD</name>
        <lei>254900QPUEPAYH33G850</lei>
        <title>KITS EYECARE LTD</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BROOKFIELD ASSET MANAGEMENT LTD</name>
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        <title>BROOKFIELD ASSET MANAGEMENT LTD A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>G MINING VENTURES CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CINEPLEX INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PARKLAND CORP</name>
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        <name>APPLYBOARD</name>
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        <name>Fidelity Revere Street Trust</name>
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        <name>BROOKFIELD CORP</name>
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        <name>GFL ENVIRONMENTAL INC</name>
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        <name>TELUS CORPORATION</name>
        <lei>894500WE70KKZRQMBU11</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>IMPERIAL OIL LTD</name>
        <lei>549300MO45LTBPAU4Z27</lei>
        <title>IMPERIAL OIL LTD</title>
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        <fairValLevel>1</fairValLevel>
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        <lei>5493002QQ7GD21OWF963</lei>
        <title>NUTRIEN LTD</title>
        <cusip>67077M108</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PASON SYSTEMS INC</name>
        <lei>984500DC6T2FLR969F65</lei>
        <title>PASON SYSTEMS INC</title>
        <cusip>702925108</cusip>
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          <isin value="CA7029251088"/>
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        <balance>631400.00000000</balance>
        <units>NS</units>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTH BOW CORP</name>
        <lei>2549000XS5TAFA3YF943</lei>
        <title>SOUTH BOW CORP</title>
        <cusip>83671M105</cusip>
        <identifiers>
          <isin value="CA83671M1059"/>
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        <balance>552400.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONSTELLATION SOFTWARE INC</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>CONSTELLATION SOFTWARE INC WT 08/22/28</title>
        <cusip>21037X134</cusip>
        <identifiers>
          <isin value="CA21037X1345"/>
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        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CCL INDUSTRIES INC</name>
        <lei>549300TD3EMSRRC0YH75</lei>
        <title>CCL INDUSTRIES INC B NON VTG</title>
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          <isin value="CA1249003098"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>APPLYBOARD</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="HHF702000"/>
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        <balance>414.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2161.08000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLYBOARD</name>
        <lei>N/A</lei>
        <title>APPLYBOARD INC SER SEED PFD PP</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal" value="HGE623000"/>
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        <balance>617.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3233.08000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARITZIA INC</name>
        <lei>549300U83HKFRL1EX527</lei>
        <title>ARITZIA INC</title>
        <cusip>04045U102</cusip>
        <identifiers>
          <isin value="CA04045U1021"/>
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        <balance>96326.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHOPIFY INC</name>
        <lei>549300HGQ43STJLLP808</lei>
        <title>SHOPIFY INC CL A</title>
        <cusip>82509L107</cusip>
        <identifiers>
          <isin value="CA82509L1076"/>
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        <balance>379300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THOMSON REUTERS CORP</name>
        <lei>549300561UZND4C7B569</lei>
        <title>THOMSON REUTERS CORP</title>
        <cusip>884903808</cusip>
        <identifiers>
          <isin value="CA8849038085"/>
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        <balance>160800.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
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        <pctVal>2.323543168671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CANADIAN NATURAL RESOURCES LTD</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>CANADIAN NATL RESOURCES LTD</title>
        <cusip>136385101</cusip>
        <identifiers>
          <isin value="CA1363851017"/>
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        <balance>1279896.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Securities Lending Cash Central Fund</title>
        <cusip>31635A303</cusip>
        <identifiers>
          <isin value="US31635A3032"/>
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        <balance>40188361.06600000</balance>
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        <curCd>USD</curCd>
        <valUSD>40192379.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="40192379.90000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>ALIMENTATION COUCHE-TARD INC</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>ALIMENTATION COUCHE-TARD INC</title>
        <cusip>01626P148</cusip>
        <identifiers>
          <isin value="CA01626P1484"/>
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        <balance>843200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DEFINITY FINANCIAL CORP</name>
        <lei>984500D5F3FC49D00C44</lei>
        <title>DEFINITY FINANCIAL CORP</title>
        <cusip>24477T100</cusip>
        <identifiers>
          <isin value="CA24477T1003"/>
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        <balance>482313.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TMX GROUP LTD</name>
        <lei>549300N65GFVKSHGJW59</lei>
        <title>TMX GROUP LTD</title>
        <cusip>87262K105</cusip>
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          <isin value="CA87262K1057"/>
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        <balance>475300.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF MONTREAL QUE</name>
        <lei>NQQ6HPCNCCU6TUTQYE16</lei>
        <title>BANK OF MONTREAL</title>
        <cusip>063671101</cusip>
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          <isin value="CA0636711016"/>
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        <balance>224400.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAMECO CORP</name>
        <lei>N4BHALMXL3GMZKCUON55</lei>
        <title>CAMECO CORP</title>
        <cusip>13321L108</cusip>
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          <isin value="CA13321L1085"/>
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        <balance>224900.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FRANCO NEVADA CORP</name>
        <lei>98450064C1B5D3E94864</lei>
        <title>FRANCO-NEVADA CORP</title>
        <cusip>351858105</cusip>
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          <isin value="CA3518581051"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>NORTH WEST CO INC</name>
        <lei>254900VT1HQAZR3IVM76</lei>
        <title>NORTH WEST COMPANY INC</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VALSOFT CORP</name>
        <lei>N/A</lei>
        <title>VALSOFT CORP SER A-1.4 PC PP</title>
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          <other otherDesc="Internal" value="LBR975000"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>ROYAL BANK OF CANADA</name>
        <lei>ES7IP3U3RHIGC71XBU11</lei>
        <title>ROYAL BANK OF CANADA</title>
        <cusip>780087102</cusip>
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          <isin value="CA7800871021"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APPLYBOARD</name>
        <lei>N/A</lei>
        <title>APPLYBOARD INC SER A-3 PFD PP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="HGE622000"/>
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        <balance>92.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SUNCOR ENERGY INC</name>
        <lei>549300W70ZOQDVLCHY06</lei>
        <title>SUNCOR ENERGY INC</title>
        <cusip>867224107</cusip>
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        <balance>696900.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>WHEATON PRECIOUS METALS CORP</name>
        <lei>549300XSFG5ZCGVYD886</lei>
        <title>WHEATON PRECIOUS METALS CORP</title>
        <cusip>962879102</cusip>
        <identifiers>
          <isin value="CA9628791027"/>
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        <balance>343200.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="As of March 2025, monthly returns presented in Item B.5.a. have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
