UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2005
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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: Sun Life Assurance Company of Canada
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Address: 150 King Street West
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Toronto, Ontario, Canada, M5H 1J9
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Form 13F File Number: 28-05799
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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: Candace Shaw
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Title: Vice-President, Investments
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Phone: 416-979-6188
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Signature, Place, and Date of Signing:
/s/ Candace Shaw Ontario, Canada 5-12-2005
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[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 reported are 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).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 318
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Form 13F Information Table Value Total: $ 1,994,980
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(thousands)
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
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
---------------------- ---------------- --------- --------- ---------------------- ------------ ---------- -------------------------
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
---------------------- ---------------- --------- --------- --------- ----- ------ ------------ ---------- --------- -------- ------
U.S. OPERATIONS -
AMOUNTS SHOWN ARE IN
U.S. DOLLARS
AGERE SYS INC CLB 00845V209 8,899 6,266,750 SH SOLE 6,266,750
ALEXANDRIA REAL ESTATE
EQ IN COM 015271109 11,759 182,647 SH SOLE 182,647
AMERICAN EXPRESS CO COM 025816109 8,604 167,490 SH SOLE 167,490
AMERICAN FINL RLTY TR COM 02607P305 13,688 935,617 SH SOLE 935,617
AMGEN INC COM 031162100 8,244 141,623 SH SOLE 141,623
AMR CORP COM 001765106 353 32,953 SH SOLE 32,953
ARCHER DANIELS MIDLAND
CO COM 039483102 4,182 170,153 SH SOLE 170,153
ARCHSTONE SMITH TR COM 039583109 13,248 388,389 SH SOLE 388,389
ARRIS GROUP INC COM 04269Q100 6,808 985,248 SH SOLE 985,248
AVALONBAY CMNTYS INC COM 053484101 6,245 93,361 SH SOLE 93,361
AVAYA INC COM 053499109 8,354 715,220 SH SOLE 715,220
BANK OF AMERICA
CORPORATION COM 060505104 8,515 193,084 SH SOLE 193,084
BAXTER INTL INC COM 071813109 8,280 243,685 SH SOLE 243,685
BLOCKBUSTER INC CLA 093679108 8,716 987,110 SH SOLE 987,110
BOSTON SCIENTIFIC CORP COM 101137107 13,032 444,941 SH SOLE 444,941
BRE PROPERTIES INC CLA 05564E106 10,787 305,587 SH SOLE 305,587
BROCADE COMMUNICATIONS
SYS I COM 111621108 9,209 1,555,550 SH SOLE 1,555,550
C COR INC COM 125010108 5,276 867,783 SH SOLE 867,783
CALPINE CORP COM 131347106 8,951 3,196,712 SH SOLE 3,196,712
CHEVRONTEXACO CORP COM 166764100 4,349 74,580 SH SOLE 74,580
CHIRON CORP COM 170040109 10,116 288,540 SH SOLE 288,540
CIT GROUP INC COM 125581108 8,263 217,447 SH SOLE 217,447
CLEAN HARBORS INC COM 184496107 11,763 641,390 SH SOLE 641,390
CLEAR CHANNEL
COMMUNICATIONS COM 184502102 9,026 261,856 SH SOLE 261,856
COMCAST CORP NEW CLA 20030N101 9,498 281,164 SH SOLE 281,164
CONCORD COMMUNICATIONS
INC COM 206186108 5,119 505,806 SH SOLE 505,806
DEVELOPERS DIVERSIFIED
RLTY COM 251591103 13,290 334,339 SH SOLE 334,339
DYCOM INDS INC COM 267475101 8,052 350,228 SH SOLE 350,228
DYNEGY INC NEW CLA 26816Q101 8,817 2,254,880 SH SOLE 2,254,880
EASTGROUP PPTY INC COM 277276101 9,052 240,115 SH SOLE 240,115
EASTMAN KODAK CO COM 277461109 9,092 279,318 SH SOLE 279,318
ECHOSTAR
COMMUNICATIONS NEW CLA 278762109 10,618 363,002 SH SOLE 363,002
EQUITY RESIDENTIAL SH BEN INT 29476L107 8,142 252,767 SH SOLE 252,767
EXIDE TECHNOLOGIES COM NEW 302051206 5,437 421,440 SH SOLE 421,440
EXXON MOBIL CORP COM 30231G102 12,719 213,400 SH SOLE 213,400
FEDERAL REALTY INVT TR SH BEN INT NEW 313747206 377 7,797 SH SOLE 7,797
GATX CORP COM 361448103 12,315 371,057 SH SOLE 371,057
GENERAL ELEC CO COM 369604103 8,460 234,600 SH SOLE 234,600
GOLDMAN SACHS GROUP
INC COM 38141G104 11,347 103,165 SH SOLE 103,165
GRAMERCY CAP CORP COM 384871109 4,807 246,537 SH SOLE 246,537
HCA INC COM 404119109 5,507 102,795 SH SOLE 102,795
HILTON HOTELS CORP COM 432848109 7,302 326,728 SH SOLE 326,728
HOST MARRIOTT CORP NEW COM 44107P104 7,360 444,418 SH SOLE 444,418
IMCLONE SYS INC COM 45245W109 7,910 229,271 SH SOLE 229,271
ISHARES INC MSCI AUSTRALIA 464286103 1,247 73,498 SH SOLE 73,498
ISHARES INC MSCI BELGIUM 464286301 244 12,969 SH SOLE 12,969
ISHARES INC MSCI SINGAPORE 464286673 244 33,739 SH SOLE 33,739
ISHARES INC MSCI UTD KINGD 464286699 6,155 339,492 SH SOLE 339,492
ISHARES INC MSCI FRANCE 464286707 2,073 85,725 SH SOLE 85,725
ISHARES INC MSCI SWITZERLD 464286749 1,541 91,331 SH SOLE 91,331
ISHARES INC MSCI SWEDEN 464286756 1,023 50,258 SH SOLE 50,258
ISHARES INC MSCI SPAIN 464286764 1,087 31,549 SH SOLE 31,549
ISHARES INC MSCI GERMAN 464286806 1,481 81,933 SH SOLE 81,933
ISHARES INC MSCI NETHERLND 464286814 1,129 59,958 SH SOLE 59,958
ISHARES INC MSCI JAPAN 464286848 4,905 467,581 SH SOLE 467,581
ISHARES INC MSCI ITALY 464286855 957 37,121 SH SOLE 37,121
ISHARES INC MSCI HONG KONG 464286871 775 67,290 SH SOLE 67,290
ISTAR FINL INC COM 45031U101 9,509 230,910 SH SOLE 230,910
JDS UNIPHASE CORP COM 46612J101 8,931 5,347,855 SH SOLE 5,347,855
KIMCO REALTY CORP COM 49446R109 11,086 205,676 SH SOLE 205,676
KNIGHT TRADING GROUP
INC COM 499063105 8,175 848,023 SH SOLE 848,023
LUCENT TECHNOLOGIES
INC COM 549463107 13,000 4,727,242 SH SOLE 4,727,242
MACERICH CO COM 554382101 12,920 242,486 SH SOLE 242,486
MASTEC INC COM 576323109 4,686 570,810 SH SOLE 570,810
MEDIMMUNE INC COM 584699102 9,069 380,890 SH SOLE 380,890
MERISTAR HOSPITALITY
CORP COM 58984Y103 6,332 904,507 SH SOLE 904,507
MILLENNIUM
PHARMACEUTICALS I COM 599902103 9,847 1,169,496 SH SOLE 1,169,496
MONSANTO CO NEW COM 61166W101 9,729 150,833 SH SOLE 150,833
NEW YORK CMNTY BANCORP
INC COM 649445103 8,400 462,535 SH SOLE 462,535
PARAMETRIC TECHNOLOGY
CORP COM 699173100 8,933 1,597,993 SH SOLE 1,597,993
PENNSYLVANIA RL ESTATE
INVT SH BEN INT 709102107 8,746 216,903 SH SOLE 216,903
PROCTER & GAMBLE CO COM 742718109 13,005 245,378 SH SOLE 245,378
PROLOGIS SH BEN INT 743410102 11,268 303,728 SH SOLE 303,728
PUBLIC STORAGE INC COM 74460D109 612 10,741 SH SOLE 10,741
RECKSON ASSOCS RLTY
CORP COM 75621K106 9,612 313,082 SH SOLE 313,082
REGENCY CTRS CORP COM 758849103 9,240 193,996 SH SOLE 193,996
RELIANT ENERGY INC COM 75952B105 8,525 749,095 SH SOLE 749,095
REVLON INC CL A 761525500 10,714 3,720,166 SH SOLE 3,720,166
SHURGARD STORAGE CTRS
INC COM 82567D104 13,239 323,061 SH SOLE 323,061
SIMON PPTY GROUP INC
NEW COM 828806109 13,928 229,911 SH SOLE 229,911
SIX FLAGS INC COM 83001P109 5,204 1,263,060 SH SOLE 1,263,060
SL GREEN RLTY CORP COM 78440X101 10,994 195,546 SH SOLE 195,546
TELLABS INC COM 879664100 9,168 1,255,876 SH SOLE 1,255,876
TYCO INTL LTD NEW COM 902124106 8,466 250,461 SH SOLE 250,461
UNITED DOMINION REALTY
TR IN COM 910197102 5,480 262,572 SH SOLE 262,572
UNOVA INC COM 91529B106 11,748 568,895 SH SOLE 568,895
VICOR CORP COM 925815102 5,338 511,297 SH SOLE 511,297
VORNADO RLTY TR SH BEN INT 929042109 14,319 206,708 SH SOLE 206,708
WAL MART STORES INC COM 931142103 8,228 164,200 SH SOLE 164,200
WELLS FARGO & CO NEW COM 949746101 4,232 70,765 SH SOLE 70,765
CANADIAN OPERATIONS -
AMOUNTS SHOWN ARE IN
U.S. DOLLARS
ABB Ltd COM 000375204 1,662 268,000 SH SOLE 268,000
Agco Corp COM 001084102 1,586 86,900 SH SOLE 86,900
ATI Technologies Inc COM 001941103 133 7,800 SH SOLE 7,800
Abbot Laboratories COM 002824100 326 7,000 SH SOLE 7,000
Aber Diamond
Corporation COM 002893105 439 14,600 SH SOLE 14,600
Abitibi-Consolidated
Inc COM 003924107 162 35,300 SH SOLE 35,300
Agrium Inc COM 008916108 382 21,000 SH SOLE 21,000
Ajinomoto COM 009707100 1,538 12,500 SH SOLE 12,500
Electrolux AB COM 010198208 2,295 49,300 SH SOLE 49,300
Alcan Inc COM 013716105 24,494 649,625 SH SOLE 649,625
Alcoa Inc COM 013817101 407 13,400 SH SOLE 13,400
Alliance Atlantis Comm
Inc COM 01853E204 398 16,200 SH SOLE 16,200
Altria Group COM 02209S103 2,177 33,300 SH SOLE 33,300
American Express Co COM 025816109 154 3,000 SH SOLE 3,000
American International
Group COM 026874107 2,571 46,400 SH SOLE 46,400
Ameritrade Holding
Corp COM 03074K100 39 3,800 SH SOLE 3,800
Amvescap PLC COM 03235E100 850 67,000 SH SOLE 67,000
Anglo American PLC COM 03485P102 91 3,800 SH SOLE 3,800
Angiotech
Pharmaceuticals Inc COM 034918102 456 29,800 SH SOLE 29,800
Apache Corporation COM 037411105 226 3,690 SH SOLE 3,690
Astrazeneca PLC COM 046353108 87 2,200 SH SOLE 2,200
Avery Dennison Corp COM 053611109 1,499 24,200 SH SOLE 24,200
Avery Dennison Corp COM 053611109 1,499 24,200 SH SOLE 24,200
BCE Inc COM 05534B109 44,563 1,797,242 SH SOLE 1,797,242
BG Group COM 055434203 79 2,000 SH SOLE 2,000
BP PLC COM 055622104 3,301 52,900 SH SOLE 52,900
Bank of America Corp COM 060505104 57 1,300 SH SOLE 1,300
Bank of Montreal COM 063671101 23,619 512,917 SH SOLE 512,917
Bank of Nova Scotia COM 064149107 31,479 971,020 SH SOLE 971,020
Barclays PLC COM 06738E204 1,484 35,800 SH SOLE 35,800
Barrick Gold Corp COM 067901108 21,553 906,700 SH SOLE 906,700
Beckman Coulter Inc COM 075811109 120 1,800 SH SOLE 1,800
Bema Gold Corp COM 08135F107 142 53,300 SH SOLE 53,300
Boston Scientific COM 101137107 1,722 58,800 SH SOLE 58,800
Bowater Inc COM 102183100 185 4,900 SH SOLE 4,900
Brascan Corporation COM 10549P606 133 3,550 SH SOLE 3,550
Burlington North Santa
Fe COM 12189T104 1,742 32,300 SH SOLE 32,300
CAE Inc COM 124765108 6,620 1,350,600 SH SOLE 1,350,600
CHC Helicopter Corp COM 12541C203 141 3,100 SH SOLE 3,100
CIT Group Inc COM 125581108 61 1,600 SH SOLE 1,600
CVS Corp COM 126650100 63 1,200 SH SOLE 1,200
Cameco Corp COM 13321L108 242 5,500 SH SOLE 5,500
Cdn Imp Bank of
Commerce COM 136069101 16,391 272,590 SH SOLE 272,590
Cdn National Railways COM 136375102 26,629 425,510 SH SOLE 425,510
Canadian Nat Resources
Ltd COM 136385101 812 14,500 SH SOLE 14,500
Canadian Pacific
Railway COM 13645T100 18,777 523,620 SH SOLE 523,620
Canon Inc COM 138006309 3,012 56,200 SH SOLE 56,200
Capital One Fin Corp COM 14040H105 30 400 SH SOLE 400
Caremark Rx Inc COM 141705103 107 2,700 SH SOLE 2,700
Caterpillar Inc COM 149123101 137 1,500 SH SOLE 1,500
Cendant Corp COM 151313103 53 2,600 SH SOLE 2,600
ChevronTexaco Corp COM 166764100 23 400 SH SOLE 400
Citigroup Inc COM 172967101 5,346 118,950 SH SOLE 118,950
Clear Channel Comm COM 184502102 186 5,400 SH SOLE 5,400
Cognos Inc COM 19244C109 271 6,500 SH SOLE 6,500
Colgate Palmolive COM 194162103 2,389 45,800 SH SOLE 45,800
Cia De Minas
Buenaventur COM 204448104 175 7,700 SH SOLE 7,700
ConocoPhillips Inc COM 20825C104 129 1,200 SH SOLE 1,200
Corus Entertainment COM 220874101 264 11,000 SH SOLE 11,000
Cott Corp COM 22163N106 185 7,700 SH SOLE 7,700
CP Ships Ltd COM 22409V102 14,588 1,039,600 SH SOLE 1,039,600
Datamirror Corporation COM 237926100 92 11,500 SH SOLE 11,500
John Deere & Co. COM 244199105 134 2,000 SH SOLE 2,000
Dell Inc COM 24702R101 231 6,000 SH SOLE 6,000
Diageo PLC COM 25243Q205 3,909 68,700 SH SOLE 68,700
Dollar General Corp COM 256669102 33 1,500 SH SOLE 1,500
Domtar Inc. COM 257561100 12,476 1,480,600 SH SOLE 1,480,600
Draxis Health Inc COM 26150J101 311 60,700 SH SOLE 60,700
Duke Energy
Corporation COM 264399106 4,582 163,600 SH SOLE 163,600
E*Trade Financial Corp COM 269246104 43 3,600 SH SOLE 3,600
Embraer Empresa
Brasileira COM 29081M102 94 3,000 SH SOLE 3,000
EnCana Corporation COM 292505104 45,458 649,172 SH SOLE 649,172
Enbridge Inc COM 29250N105 8,300 162,800 SH SOLE 162,800
Ericsson (LM) Tel-SP
ADR COM 294821608 169 6,000 SH SOLE 6,000
Extendicare Inc COM 30224T871 59 3,700 SH SOLE 3,700
Exxon Mobil Corp COM 30231G102 298 5,000 SH SOLE 5,000
Fairmont Hotels COM 305204109 210 6,400 SH SOLE 6,400
Federal National Mtge
Assoc COM 313586109 937 17,200 SH SOLE 17,200
First Data Corp COM 319963104 1,674 42,574 SH SOLE 42,574
Fiserv Inc COM 337738108 32 800 SH SOLE 800
Fluor Corporation COM 343412102 1,657 29,900 SH SOLE 29,900
France Telecom
SA-Spons ADR COM 35177Q105 2,419 81,000 SH SOLE 81,000
Franklin Resources Inc COM 354613101 124 1,800 SH SOLE 1,800
Freeport McMoran
Copper COM 35671D857 448 11,300 SH SOLE 11,300
Freescale
Semiconductor - B COM 35687M206 112 6,500 SH SOLE 6,500
GSI Lumonics Inc COM 36229U102 82 9,200 SH SOLE 9,200
General Elec Co COM 369604103 1,266 35,100 SH SOLE 35,100
Gildan Activewear Inc COM 375916103 866 20,600 SH SOLE 20,600
Glamis Gold COM 376775102 159 10,300 SH SOLE 10,300
Glaxosmithkline Plc COM 37733W105 4,440 96,700 SH SOLE 96,700
Gold Fields Ltd COM 38059T106 2,244 195,300 SH SOLE 195,300
Goldcorp Inc COM 380956409 403 28,500 SH SOLE 28,500
Group CGI COM 39945C109 14,396 2,295,800 SH SOLE 2,295,800
HSBC Holdings Plc COM 404280406 1,517 19,100 SH SOLE 19,100
Halliburton Co COM 406216101 125 2,900 SH SOLE 2,900
HBOS PLC COM 42205M106 3,098 65,700 SH SOLE 65,700
Hewlett Packard Co COM 428236103 2,530 115,300 SH SOLE 115,300
High Liner Foods COM 429695109 73 9,100 SH SOLE 9,100
Home Depot Inc COM 437076102 229 6,000 SH SOLE 6,000
Honeywell
International Inc COM 438516106 2,445 65,700 SH SOLE 65,700
Hydrogenics
Corporation COM 448882100 102 23,700 SH SOLE 23,700
Imperial Oil Ltd COM 453038408 15,493 205,400 SH SOLE 205,400
Inco Ltd COM 453258402 1,012 25,700 SH SOLE 25,700
Intel Corp COM 458140100 451 19,400 SH SOLE 19,400
I B M Corp COM 459200101 34 375 SH SOLE 375
Intuit Inc COM 461202103 118 2,700 SH SOLE 2,700
Ishares COM 464286608 756 10,500 SH SOLE 10,500
Ishares COM 464286665 1,025 11,400 SH SOLE 11,400
Ishares COM 464286699 1,886 104,000 SH SOLE 104,000
Ishares COM 464286707 2,445 100,500 SH SOLE 100,500
Ishares COM 464286806 533 29,500 SH SOLE 29,500
Ishares COM 464286822 941 39,000 SH SOLE 39,000
Ishares COM 464286848 7,416 707,000 SH SOLE 707,000
Ishares Tr COM 464287465 184,804 1,163,241 SH SOLE 1,163,241
Johnson & Johnson COM 478160104 1,872 27,874 SH SOLE 27,874
Johnson Matthey PLC COM 479142309 2,103 56,000 SH SOLE 56,000
Jones Apparel Group COM 480074103 49 1,450 SH SOLE 1,450
Kimberly Clark COM 494368103 38 575 SH SOLE 575
Kohls Corporation COM 500255104 145 2,800 SH SOLE 2,800
Kyocera Corporation COM 501556203 179 2,500 SH SOLE 2,500
Estee Lauder COM 518439104 94 2,100 SH SOLE 2,100
LEXMARK INTERNATIONAL
INC COM 529771107 32 400 SH SOLE 400
Lilly (Eli) and Co COM 532457108 146 2,800 SH SOLE 2,800
Lincoln National Corp COM 534187109 39 870 SH SOLE 870
Mbna corp COM 55262L100 43 1,750 SH SOLE 1,750
MDS Inc COM 55269P302 19,328 1,342,100 SH SOLE 1,342,100
Magna International
Inc COM 559222401 21,790 328,200 SH SOLE 328,200
Manulife Financial
Corp COM 56501R106 203 4,242 SH SOLE 4,242
Manulife Financial
Corp COM 56501R106 33,405 705,700 SH SOLE 705,700
Masco Corp COM 574599106 35 1,000 SH SOLE 1,000
Masonite International
Corp COM 575384102 212 6,150 SH SOLE 6,150
Methanex Corp COM 59151K108 126 6,600 SH SOLE 6,600
Microsoft Corp COM 594918104 2,748 113,682 SH SOLE 113,682
Morgan Stanley Co COM 617446448 3,189 55,700 SH SOLE 55,700
Motorola Inc COM 620076109 876 58,500 SH SOLE 58,500
Nasdaq 100 COM 631100104 10,375 284,000 SH SOLE 284,000
National Grid Transco
PLC COM 636274102 3,801 81,300 SH SOLE 81,300
Navistar International
Corp COM 63934E108 113 3,100 SH SOLE 3,100
Neurochem Inc COM 64125K101 197 16,700 SH SOLE 16,700
New York Times Co COM 650111107 110 3,000 SH SOLE 3,000
Nippon Tel & Tel Co COM 654624105 4,621 211,500 SH SOLE 211,500
Nokia Corp COM 654902204 154 10,000 SH SOLE 10,000
Nomura Holdings Inc COM 65535H208 2,827 204,000 SH SOLE 204,000
Noranda Inc COM 655422103 1,062 53,300 SH SOLE 53,300
Nortel Networks Corp COM 656568102 7,350 2,725,700 SH SOLE 2,725,700
North Am Palladium COM 656912102 172 23,000 SH SOLE 23,000
North Fork
Bancorporation COM 659424105 53 1,900 SH SOLE 1,900
Northgate Minerals
Corp COM 666416102 113 80,100 SH SOLE 80,100
Nova Chemicals Corp COM 66977W109 123 2,900 SH SOLE 2,900
Novartis AG COM 66987V109 1,731 37,000 SH SOLE 37,000
Novelis Inc COM 67000X106 7,361 338,905 SH SOLE 338,905
Oracle Systems Corp COM 68389X105 114 9,156 SH SOLE 9,156
PPG Industries COM 693506107 215 3,000 SH SOLE 3,000
Pearson Plc COM 705015105 86 7,000 SH SOLE 7,000
Pepsico Inc COM 713448108 191 3,600 SH SOLE 3,600
Petro Canada Limited COM 71644E102 705 12,250 SH SOLE 12,250
Petsmart Inc COM 716768106 104 3,600 SH SOLE 3,600
Pfizer Inc COM 717081103 5,651 215,112 SH SOLE 215,112
Phelps Dodge Corp COM 717265102 519 5,100 SH SOLE 5,100
Placer Dome Inc COM 725906101 21,426 1,336,400 SH SOLE 1,336,400
Potash Corp of Sask
Inc COM 73755L107 722 8,300 SH SOLE 8,300
Precision Drilling
Corp COM 74022D100 356 4,800 SH SOLE 4,800
Procter & Gamble Co COM 742718109 212 4,000 SH SOLE 4,000
Prudential Financial
Inc COM 744320102 3,289 57,300 SH SOLE 57,300
PULTE HOMES INC COM 745867101 26 350 SH SOLE 350
QLT Inc COM 746927102 262 20,600 SH SOLE 20,600
Quebecor World Inc COM 748203106 8,154 350,900 SH SOLE 350,900
Radian Group Inc COM 750236101 55 1,150 SH SOLE 1,150
Reed Elsevier NV COM 758204101 1,618 53,400 SH SOLE 53,400
Research In Motion COM 760975102 1,429 18,800 SH SOLE 18,800
Rexam plc COM 761655406 1,427 31,200 SH SOLE 31,200
Rogers Communication
Class B COM 775109200 359 13,300 SH SOLE 13,300
Royal Bank of Canada COM 780087102 49,123 814,706 SH SOLE 814,706
SBC Communications COM 78387G103 4,546 191,900 SH SOLE 191,900
SPDR Trust COM 78462F103 349,485 2,962,743 SH SOLE 2,962,743
SPX Corp COM 784635104 56 1,300 SH SOLE 1,300
SAP Aktiengesellschaft COM 803054204 80 2,000 SH SOLE 2,000
Schlumberger Ltd COM 806857108 240 3,400 SH SOLE 3,400
Select Sector SPDR COM 81369Y308 5,064 220,000 SH SOLE 220,000
Select Sector SPDR COM 81369Y506 2,508 58,500 SH SOLE 58,500
Siemens AG COM 826197501 2,237 28,300 SH SOLE 28,300
Sierra Wireless Inc COM 826516106 125 15,400 SH SOLE 15,400
Smurfit Stone
Container COM 832727101 62 4,000 SH SOLE 4,000
Statoil ASA COM 85771P102 1,027 59,900 SH SOLE 59,900
Sun Life Financial Inc COM 866796105 867 26,800 SH SOLE 26,800
Suncor Energy Inc COM 867229106 1,568 39,250 SH SOLE 39,250
TLC Vision Corp COM 872549100 96 10,200 SH SOLE 10,200
Talisman Energy Inc COM 87425E103 1,533 45,200 SH SOLE 45,200
Telefonos de Mexico S
A de C V COM 879403780 266 7,700 SH SOLE 7,700
Telus Corp COM 87971M202 1,053 34,510 SH SOLE 34,510
Telesystems Intl
Wireless Inc COM 879946606 179 11,800
Tesco Corp COM 88157K101 257 22,500
Thomson Corp COM 884903105 399 12,000
3M Company COM 88579Y101 103 1,200
Timberland Company COM 887100105 723 10,200
Time Warner Inc COM 887317105 806 45,900
Tomkins PLC COM 890030208 2,094 102,400
Toronto Dominion Bank COM 891160509 13,137 319,900
Total SA COM 89151E109 106 900
Toyota Motor
Corporation COM 892331307 3,012 40,500
Toyota Motor
Corporation COM 892331307 3,012 40,500
TransAlta Corp COM 89346D107 10,702 709,600
TransCanada Corp COM 89353D107 30,512 1,248,321
Tribune Co COM 896047107 32 800
Tyco Intl Ltd COM 902124106 3,809 112,700
United Technologies
Corp COM 913017109 3,304 32,500
UPM Kymmene
Corporation COM 915436109 2,077 93,000
Valero Energy Corp COM 91913Y100 1,758 24,000
Vasogen Inc COM 92232F103 291 72,400
Verizon Comm COM 92343V104 3,067 86,400
Viacom Inc COM 925524308 3,668 105,300
Viacom Inc COM 925524308 3,668 105,300
Vodafone Group Plc COM 92857W100 309 11,650
Volvo AB COM 928856400 1,554 35,000
WPP Group PLC COM 929309300 170 3,000
Wal Mart Stores Inc COM 931142103 200 4,000
Walmart De Mexico COM 93114W107 90 2,600
Wellpoint Inc COM 94973V107 53 425
Wendys International
Inc COM 950590109 2,393 61,300
Westwood One COM 961815107 22 1,100
Wyeth COM 983024100 2,489 59,000
Yamana Gold Inc COM 98462Y100 51 15,500
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1,994,980