Instuitional Investor - Pcj Investment Counsel Ltd.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Brookfield Business Corp		978,912	$30,967,615	8.8%
2.	C A E Inc	CAE	782,693	$20,405,110	5.8%
3.	Enerflex Ltd.	EFXT	661,252	$13,835,166	3.93%
4.	Royal Bank Canada Montreal Que	RY	83,840	$13,555,842	3.85%
5.	Baytex Energy Trust	BTE	2,805,993	$12,548,729	3.56%