Royal Bank Canada Montreal Que (RY)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Addenda Capital Inc.	745,760	$167,706,509	4.72%
2.	Cardinal Capital Management, Inc.	895,739	$144,349,034	3.89%
3.	Cidel Asset Management Inc	553,471	$89,190,040	4.87%
4.	Rempart Asset Management Inc.	169,556	$27,323,559	5.75%
5.	Pbu - The Pension Fund Of Early Childhood & Youth Educators	158,735	$25,578,844	0.38%