Canadian National Railway Co (CNI)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Jarislowsky, Fraser Ltd	9,241,703	$961,016,928	5.49%
2.	Canoe Financial Lp	2,612,255	$272,313,093	3.88%
3.	Cardinal Capital Management, Inc.	731,350	$76,178,084	2.38%
4.	Addenda Capital Inc.	469,260	$66,583,301	2.39%
5.	Value Partner Investments Inc.	553,945	$57,611,417	4.5%