<SEC-DOCUMENT>0001104659-22-082799.txt : 20220726
<SEC-HEADER>0001104659-22-082799.hdr.sgml : 20220726
<ACCEPTANCE-DATETIME>20220726162826
ACCESSION NUMBER:		0001104659-22-082799
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		8
FILED AS OF DATE:		20220726
DATE AS OF CHANGE:		20220726
EFFECTIVENESS DATE:		20220726

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CELESTICA INC
		CENTRAL INDEX KEY:			0001030894
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTED CIRCUIT BOARDS [3672]
		IRS NUMBER:				980185558
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-266330
		FILM NUMBER:		221107420

	BUSINESS ADDRESS:	
		STREET 1:		5140 YONGE STREET, SUITE 1900
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M2N 6L7
		BUSINESS PHONE:		416-448-5800

	MAIL ADDRESS:	
		STREET 1:		5140 YONGE STREET, SUITE 1900
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M2N 6L7
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>tm2221627d1_s8.htm
<DESCRIPTION>FORM S-8
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange Commission
on July&nbsp;26, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;333-</B>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0 auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0 auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CELESTICA INC</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center; width: 49%"><B>ONTARIO, CANADA</B></TD><TD STYLE="width: 2%; text-align: left">&nbsp;</TD><TD STYLE="text-align: center; width: 49%"><B>98-0185558</B></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(STATE OR OTHER JURISDICTION OF INCORPORATION
OR ORGANIZATION)</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S.
EMPLOYER IDENTIFICATION NO.)</FONT></TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center"><B>5140 Yonge Street, Suite&nbsp;1900</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center"><B>Toronto, Ontario, Canada</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center"><B>M2N
                                            6L7</B></TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(ADDRESS OF PRINCIPAL
EXECUTIVE OFFICES)</FONT></TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(ZIP
CODE)</FONT></TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>LONG-TERM INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(FULL TITLE OF THE PLAN)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Arnold&nbsp;&amp; Porter Kaye Scholer LLP<BR>
Attention: Managing Attorney<BR>
250 West 55th Street, New York, New York 10019-9710</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(NAME AND ADDRESS OF AGENT FOR SERVICE)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 836-8000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(T<FONT STYLE="text-transform: uppercase">elephone
number, including area code, of agent for service</FONT>)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">copies to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Joel I. Greenberg,&nbsp;Esq.<BR>
Arnold&nbsp;&amp; Porter Kaye Scholer LLP<BR>
250 West 55th Street<BR>
New York, N.Y. 10019-9710<BR>
(212) 836-8000</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 49%; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Matthew Merkley,&nbsp;Esq.<BR>
Blake, Cassels&nbsp;&amp; Graydon LLP<BR>
199 Bay Street, Suite&nbsp;4000<BR>
Commerce Court West<BR>
Toronto, Ontario M5L 1A9 Canada<BR>
(416) 863-2400</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a&nbsp;non-accelerated&nbsp;filer, a smaller reporting company or an emerging growth
company. See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company,&rdquo;
and &ldquo;emerging growth company&rdquo; in Rule&nbsp;12b-2&nbsp;of the&nbsp;Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 21%"><FONT STYLE="font-family: Times New Roman, Times, Serif">Large accelerated filer</FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 27%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 34%"><FONT STYLE="font-family: Times New Roman, Times, Serif">Accelerated filer</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Non-accelerated&nbsp;filer</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Smaller reporting company</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Emerging growth company</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section&nbsp;7(a)(2)(B)&nbsp;of the Securities Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">EXPLANATORY NOTE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Registration Statement is being filed by Celestica Inc. (the &ldquo;Company&rdquo;),
in accordance with General Instruction E of Form&nbsp;S-8, to register 9,768,852 additional subordinate voting shares issuable to eligible
persons under the Company&rsquo;s amended and restated Long-Term Incentive Plan (the &ldquo;LTIP&rdquo;). The contents of the Company&rsquo;s
Registration Statement on Form&nbsp;S-8 (No.&nbsp;333-9500) filed with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
on October&nbsp;8, 1998, its Registration Statement on Form&nbsp;S-8 <FONT STYLE="color: #0563C1">(<A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000091205701520039/a2050986zs-8.txt" STYLE="-sec-extract: exhibit">No.&nbsp;333-63112</A></FONT>) filed with
the Commission on June&nbsp;15, 2001, and its Registration Statement on Form&nbsp;S-8 <FONT STYLE="color: #0563C1">(<A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000091205702020241/a2078435zs-8.txt" STYLE="-sec-extract: exhibit">No.&nbsp;333-88210</A></FONT>)
filed with the Commission on May&nbsp;14, 2002, are incorporated by reference into this Registration Statement, except to the extent supplemented,
amended or superseded by the information set forth herein, or by any subsequently filed document that is incorporated by reference herein
or therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PART&nbsp;II</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in">Item 3.</TD><TD>Incorporation of Documents by Reference</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company hereby incorporates
by reference into this Registration Statement the following documents:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">the Company&rsquo;s <FONT STYLE="color: #0563C1"><A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1030894/000103089422000008/cls-20211231.htm" STYLE="-sec-extract: exhibit">Annual Report on Form&nbsp;20-F</A></FONT> for the year ended
December&nbsp;31, 2021 filed with the Commission on March&nbsp;14, 2022;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0563C1"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000103089422000003/cls-20211231xfs.htm" STYLE="-sec-extract: exhibit">Exhibit&nbsp;99.1</A></FONT> to the Company&rsquo;s Report on Form&nbsp;6-K furnished
to the Commission on January&nbsp;27, 2022, containing the Company&rsquo;s Unaudited Condensed Consolidated Financial Statements for the
quarter and year ended December&nbsp;31, 2021, and the accompanying notes thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(c)</TD><TD STYLE="text-align: justify"><FONT STYLE="color: #0563C1"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000103089422000012/cls-2022331xmda.htm" STYLE="-sec-extract: exhibit">Exhibit&nbsp;99.1</A></FONT> and <FONT STYLE="color: #0563C1"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000103089422000012/cls-2022331xfs.htm" STYLE="-sec-extract: exhibit">Exhibit&nbsp;99.2</A></FONT>
to the Company&rsquo;s Report on Form&nbsp;6-K furnished to the Commission on April&nbsp;28, 2022, containing the Company&rsquo;s Management&rsquo;s
Discussion and Analysis of Financial Condition and Results of Operations for the three months ended March&nbsp;31, 2022, and its Unaudited
Interim Condensed Consolidated Financial Statements for the three months ended March&nbsp;31, 2022 and the accompanying notes thereto,
respectively;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(d)</TD><TD STYLE="text-align: justify"><FONT><A HREF="http://www.sec.gov/Archives/edgar/data/1030894/000103089422000019/cls-2022630xmda.htm" STYLE="-sec-extract: exhibit">Exhibit&nbsp;99.1</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/1030894/000103089422000019/cls-2022630xfs.htm">Exhibit&nbsp;99.2</A></FONT> to the Company&rsquo;s
Report on Form&nbsp;6-K furnished to the Commission on July&nbsp;25, 2022, containing the Company&rsquo;s Management&rsquo;s Discussion
and Analysis of Financial Condition and Results of Operations for the three and six months ended June&nbsp;30, 2022, and its Unaudited
Interim Condensed Consolidated Financial Statements for the three and six months ended June&nbsp;30, 2022 and the accompanying notes thereto,
respectively; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(e)</TD><TD STYLE="text-align: justify">The description of the Company&rsquo;s subordinate voting shares contained in its Registration Statement
on Form&nbsp;8-A, effective as of June&nbsp;29, 1998.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each of the following documents
filed with or furnished to the Commission after the date of this Registration Statement and prior to the filing of a post-effective amendment
which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, are deemed
to be incorporated by reference in the Registration Statement and to be a part thereof from the date of filing or furnishing such documents:
(i)&nbsp;all Annual Reports on Form&nbsp;20-F the Company files with the Commission; and (ii)&nbsp;those portions of any Reports on Form&nbsp;6-K
the Company furnishes to the Commission that the Company indicates in such reports are to be deemed incorporated by reference into this
Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any statement contained herein,
or in any document (or portion thereof) incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed
or furnished document (or portion thereof) which also is or is deemed to be incorporated by reference herein modifies or supersedes such
statement. Any such statement so modified or superseded shall not be deemed to constitute a part of this Registration Statement, except
as so modified or superseded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in">Item 6.</TD><TD>Indemnification of Directors and Officers</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under the Business Corporations
Act (Ontario), a registrant may indemnify a present or former director or officer or a person who acts or acted at the registrant&rsquo;s
request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs, charges and expenses,
including an amount paid to settle an action or satisfy a judgment, reasonably incurred by that individual in respect of any civil, criminal,
administrative, investigative or other proceeding in which the individual is involved because of that association with the registrant
or other entity; provided that the individual acted honestly and in good faith with a view to the best interests of the registrant or,
as the case may be, to the best interests of such other entity and, in the case of a criminal or administrative action or proceeding that
is enforced by a monetary penalty, had reasonable grounds for believing that the individual&rsquo;s conduct was lawful. Such indemnification
may be made in connection with a derivative action only with court approval. An individual is entitled to indemnification from a registrant
as a matter of right if the individual was not judged by a court or other competent authority to have committed any fault or omitted to
do anything that the individual ought to have done and the individual fulfilled the conditions set forth above. Under such Act, a registrant
may advance money to a director, officer or other individual for the costs, charges and expenses of a proceeding referred to above, but
the individual must repay the money if the individual does not fulfil the conditions set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In accordance with and subject
to the Business Corporations Act (Ontario), the by-laws of the Company provide for indemnification of a director or officer of the Company,
a former director or officer of the Company, or a person who acts or acted at the Company&rsquo;s request as a director or officer, or
an individual acting in a similar capacity, of another entity, and his heirs and legal representatives, against all costs, charges and
expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by him in respect of any civil, criminal,
administrative, investigative or other proceeding in which the individual is involved because of that association with the Company or
other entity, if he acted honestly and in good faith with a view to the best interests of the Company or, as the case may be, to the best
interests of the other entity for which he acted as a director or officer or in a similar capacity at the Company&rsquo;s request. Also,
the by-laws provide that the Company may advance money to a director, officer or other person for the costs, charges and expenses of a
proceeding referred to above, but the person shall repay the money if the person does not fulfil the conditions set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The directors and officers
of the Company are covered by directors&rsquo; and officers&rsquo; insurance policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">Item 8.</TD><TD>Exhibits.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="border-bottom: black 1pt solid; width: 10%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>EXHIBIT NUMBER</B></FONT></TD>
<TD STYLE="width: 2%">&nbsp;</TD>
<TD STYLE="border-bottom: black 1pt solid; width: 88%"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>DESCRIPTION</B></FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000110465917064049/a17-22993_1ex4d1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.1</FONT></A></FONT></TD>
<TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000110465917064049/a17-22993_1ex4d1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">Form&nbsp;of
Subordinate Voting Share Certificate (1)</FONT></A></FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000104746910002628/a2196681zex-1_10.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.2</FONT></A></FONT></TD>
<TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000104746910002628/a2196681zex-1_10.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">Certificate
and Restated Articles of Incorporation effective June&nbsp;25, 2004 (2)</FONT></A></FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000104746910002628/a2196681zex-1_11.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.3</FONT></A></FONT></TD>
<TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000104746910002628/a2196681zex-1_11.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-family: Times New Roman, Times, Serif">Bylaw
No.&nbsp;1 (2)</FONT></A></FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000104746917001519/a2230659zex-4_7.htm" STYLE="-sec-extract: exhibit">4.4</A></FONT></TD>
<TD><FONT STYLE="color: Blue">&nbsp;</FONT></TD>
<TD STYLE="vertical-align: top"><FONT STYLE="color: Blue"><A HREF="https://www.sec.gov/Archives/edgar/data/1030894/000104746917001519/a2230659zex-4_7.htm" STYLE="-sec-extract: exhibit">Amended
and Restated Celestica Long-Term Incentive Plan (3)</A></FONT></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><A HREF="tm2221627d1_ex5-1.htm">5.1</A></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: top"><A HREF="tm2221627d1_ex5-1.htm">Opinion of Blake, Cassels&nbsp;&amp; Graydon LLP*</A></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><A HREF="tm2221627d1_ex5-1.htm">5.2</A></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: top"><A HREF="tm2221627d1_ex5-1.htm">Consent of Blake, Cassels&nbsp;&amp; Graydon LLP (included in opinion filed as Exhibit&nbsp;5.1)*</A></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><A HREF="tm2221627d1_ex23-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.1</FONT></A></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom"><A HREF="tm2221627d1_ex23-1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">Consent of KPMG LLP, independent registered public accounting firm*&nbsp;&nbsp;</FONT></A></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><A HREF="#a_001"><FONT STYLE="font-family: Times New Roman, Times, Serif">24.1</FONT></A></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: bottom"><A HREF="#a_001"><FONT STYLE="font-family: Times New Roman, Times, Serif">Power of Attorney (included in the signature page&nbsp;to this Registration Statement)* </FONT></A></TD></TR>
<TR>
<TD STYLE="vertical-align: top"><A HREF="tm2221627d1_ex-fillingfees.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">107</FONT></A></TD>
<TD>&nbsp;</TD>
<TD STYLE="vertical-align: top"><A HREF="tm2221627d1_ex-fillingfees.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">Filing Fee Table* </FONT></A></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* Filed herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Incorporated by reference to Registration Statement on Form&nbsp;F-3ASR (File No.&nbsp;333-221144) filed on October&nbsp;26, 2017.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; width: 5%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 95%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Incorporated by reference to Annual Report on Form&nbsp;20-F filed on March&nbsp;23, 2010 (File No.&nbsp;001-14832).</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif">(3)</FONT></TD><TD STYLE="text-align: justify; width: 95%"><FONT STYLE="font-family: Times New Roman, Times, Serif">Incorporated by reference to Annual Report on
Form&nbsp;20-F filed on March&nbsp;13, 2017 (File No.&nbsp;001-14832).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.5in">Item 9.</TD><TD>Undertakings.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
undersigned registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">(1)&nbsp;&nbsp;To file, during any period in
which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
include any prospectus required by Section&nbsp;10(a)(3)&nbsp;of the Securities Act of 1933;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration
Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities
offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b)&nbsp;if, in the aggregate, the changes
in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &quot;Calculation of
Registration Fee&quot; table in the effective Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">Provided, however,
that paragraphs (a)(1)(i)&nbsp;and (a)(1)(ii)&nbsp;above do not apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or
Section&nbsp;15(d)&nbsp;of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(2)&nbsp; That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(3)&nbsp; To remove
from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Securities Exchange Act of 1934 (and, where applicable, each filing
of an employee benefit plan's annual report pursuant to Section&nbsp;15(d)&nbsp;of the Securities Exchange Act of 1934) that is incorporated
by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions or otherwise, the Registrant has been advised that in the opinion of
the Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of
expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action,
suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered,
the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act
of 1933 and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Toronto, Province of Ontario, Country of Canada, on the 26th day of July, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD COLSPAN="2" STYLE="text-align: left">CELESTICA INC.</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="text-align: left; width: 3%">&nbsp;</TD><TD STYLE="text-align: justify; width: 47%">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">By:</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Robert A. Mionis</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: left">Robert A. Mionis</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD COLSPAN="2" STYLE="text-align: left">President and Chief Executive
Officer</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><A NAME="a_001"></A><B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">KNOW ALL PERSONS BY THESE
PRESENTS, that each person whose signature appears below constitutes and appoints Robert A. Mionis, Mandeep Chawla and Robert Ellis, and
each of them, as such individual&rsquo;s true and lawful attorney in fact and agent with full power of substitution, for such individual
in any and all capacities, to sign any and all amendments to this Registration Statement on Form&nbsp;S-8 (including post-effective amendments),
and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, granting unto said attorney
in fact, proxy and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in
connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming
all that said attorney in fact, proxy and agent, or the individual&rsquo;s substitute, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date
indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%"><B>SIGNATURE</B></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%; text-align: center"><B>TITLE</B></TD>
    <TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%; text-align: center"><B>DATE</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Robert A. Mionis</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Director, President and Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Robert A. Mionis</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Principal Executive Officer)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Mandeep Chawla</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Chief Financial Officer</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Mandeep Chawla</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Principal Financial Officer and principal accounting officer)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Michael Wilson</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Chair of Board and Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Michael Wilson</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Robert A. Cascella</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Robert A. Cascella</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Deepak Chopra</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Deepak Chopra</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; width: 32%">/s/ Daniel P. DiMaggio</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 32%">Director</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 32%">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Daniel P. DiMaggio</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Laurette T. Koellner</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Laurette T. Koellner</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Luis A. M&uuml;ller</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Luis A. M&uuml;ller</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Carol S. Perry</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Carol S. Perry</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Tawfiq Popatia</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">Director</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">July&nbsp;26, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Tawfiq Popatia</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AUTHORIZED REPRESENTATIVE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of Section&nbsp;6(a)&nbsp;of
the Securities Act, the undersigned has signed this Registration Statement, solely in the capacity of the duly authorized representative
of Celestica Inc. in the United States, on the 26th day of July, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CELESTICA INC.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Authorized U.S. Representative)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD STYLE="width: 4%; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 46%; padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Robert Ellis</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Robert Ellis</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt">&nbsp;</TD>
    <TD STYLE="padding-top: 0.25pt; padding-right: 0.25pt; padding-left: 0.25pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Legal Officer and Corporate Secretary</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT&nbsp;INDEX</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
<TD STYLE="border-bottom: Black 1pt solid; width: 10%">Exhibit<BR>
 Number </TD>
<TD STYLE="padding-bottom: 1pt; width: 2%">&nbsp;</TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 88%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Description of Exhibit</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2221627d1_ex5-1.htm">5.1</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2221627d1_ex5-1.htm">Opinion of Blake, Cassels&nbsp;&amp; Graydon LLP </A></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2221627d1_ex5-1.htm">5.2</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2221627d1_ex5-1.htm">Consent of Blake, Cassels&nbsp;&amp; Graydon LLP (included in opinion filed as Exhibit&nbsp;5.1)</A></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2221627d1_ex23-1.htm">23.1 </A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2221627d1_ex23-1.htm">Consent of KPMG LLP, independent registered public accounting firm </A></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><A HREF="tm2221627d1_ex-fillingfees.htm">107</A></TD>
<TD>&nbsp;</TD>
<TD><A HREF="tm2221627d1_ex-fillingfees.htm">Filing Fee Table</A></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 8; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>tm2221627d1_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; width: 43%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT> <IMG SRC="tm2221627d1_ex5-1img01.jpg" ALT=""></TD>
    <TD STYLE="text-align: right; width: 57%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><IMG SRC="tm2221627d1_ex5-1img03.jpg" ALT=""> </P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 47%; padding-right: 7.9pt; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 53%; padding-right: 7.9pt; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Reference: 57738/17</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 7.9pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">July&nbsp;26, 2022</FONT></TD>
    <TD STYLE="padding-right: 7.9pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-right: 7.9pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 7.9pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="vertical-align: top; padding-right: 7.9pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Celestica Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5140 Yonge Street, Suite&nbsp;1900</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, Ontario</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Canada M2N 6L7</P></TD>
    <TD STYLE="padding-right: 7.9pt; font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 7.9pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">Re:</TD><TD>Celestica Inc.</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>Registration Statement on Form&nbsp;F-3</TD></TR>
                                                                                       </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Sirs/Mesdames:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have acted as Canadian counsel to Celestica
Inc. (the &ldquo;Company&rdquo;) in connection with the Registration Statement on Form&nbsp;F-3 (the &ldquo;Registration Statement&rdquo;)
filed on July&nbsp;26, 2022 by the Company with the U.S. Securities and Exchange Commission (the &ldquo;Commission&rdquo;) under the U.S.
Securities Act of 1933, as amended (the &ldquo;Act&rdquo;), relating to the registration by the Company for its issue and sale from time
to time of subordinate voting shares (the &ldquo;SVS&rdquo;) in its capital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This opinion letter is being provided at the request
of the Company. As Canadian counsel for the Company, we have examined a copy of the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are solicitors qualified to practice law in
the Province of Ontario and the opinions expressed herein relate only to the laws of the Province of Ontario and the laws of Canada applicable
therein as in effect on the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the opinions expressed in this
opinion letter, we have considered such questions of law, examined originals or copies of such statutes, regulations, documents, records,
certificates and instruments and conducted such other examinations as we have considered necessary. In such examinations, we have assumed
the legal capacity of all individuals, the genuineness of all signatures, the authenticity of all documents submitted to us as originals
and the conformity to authentic original documents of all documents submitted to us as certified, conformed, photostatic or facsimile
copies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have also assumed that at all relevant times:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">the Company is validly existing under the Business Corporations Act (Ontario) and has the necessary corporate
power and capacity to own its property and assets and to carry on its business;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">the Company has the necessary corporate power and capacity to execute, deliver and perform its obligations
under the terms and conditions of any grant, purchase, underwriting or other agreement, plan or instrument relating to the Company&rsquo;s
creation, authentication, issuance, sale and/or delivery of the SVS to which the Company is party (any such agreement, the &ldquo;Agreement&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2221627d1_ex5-1img02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 50%; text-align: left"><IMG SRC="tm2221627d1_ex5-1img01.jpg" ALT="">&nbsp;</TD><TD STYLE="vertical-align: middle; text-align: right; width: 50%">Page 2</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">the Company has the necessary corporate power and capacity to authorize, create, authenticate, validly
issue, sell and deliver the SVS and perform its obligations under the terms and conditions of the SVS;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">all necessary corporate action has been taken by the Company to duly authorize the execution and delivery
by the Company of the Agreement and the performance of its obligations under the terms and conditions thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">all necessary corporate action has been taken by the Company to duly authorize, create, authenticate,
sell, deliver and validly issue the SVS and to perform its obligations under the terms and conditions of the SVS;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">all necessary corporate action has been taken by the Company to duly authorize the terms of the offering
of the SVS and related matters;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">7.</TD><TD STYLE="text-align: justify">the Agreement: (i)&nbsp;has been duly authorized, executed and delivered by all parties thereto and such
parties had the capacity to do so; (ii)&nbsp;constitutes a legal, valid and binding obligation of all parties thereto; and (iii)&nbsp;is
enforceable in accordance with its terms against all parties thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">8.</TD><TD STYLE="text-align: justify">the SVS have been duly authorized, created, authenticated, sold and delivered and validly issued by the
Company and any other person signing or authenticating the SVS, as applicable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">9.</TD><TD STYLE="text-align: justify">the terms of the offering of the SVS and related matters have been duly authorized by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.</TD><TD STYLE="text-align: justify">the Company shall have received, in respect of any issue of SVS not issued for money, property or past
service that is not less in value than the fair equivalent of the money that the Company would have received if the SVS had been issued
for money;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">11.</TD><TD STYLE="text-align: justify">the execution and delivery of the Agreement and the performance by the Company of its obligations under
the terms and conditions thereunder do not and will not conflict with and do not and will not result in a breach of or default under,
and do not and will not create a state of facts which, after notice or lapse of time or both, will conflict with or result in a breach
of or default under any of the terms or conditions of the articles or by-laws of the Company, any resolutions of the Board of Directors
or shareholders of the Company, any agreement or obligation of the Company, or applicable law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">12.</TD><TD STYLE="text-align: justify">the authorization, creation, authentication, sale, delivery and issuance of the SVS and the Company&rsquo;s
performance of its obligations under the terms and conditions of the SVS do not and will not conflict with and do not and will not result
in a breach of or default under, and do not and will not create a state of facts which, after notice or lapse of time or both, will conflict
with or result in a breach of or default under any of the terms or conditions of the articles or by-laws of the Company, any resolutions
of the Board of Directors or shareholders of the Company, any agreement or obligation of the Company, or applicable law; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">13.</TD><TD STYLE="text-align: justify">the terms of the offering of the SVS and related matters do not and will not conflict with and do not
and will not result in a breach of or default under, and do not and will not create a state of facts which, after notice or lapse of time
or both, will conflict with or result in a breach of or default under any of the terms or conditions of the articles or by-laws of the
Company, any resolutions of the Board of Directors or shareholders of the Company, any agreement or obligation of the Company, or applicable
law.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2221627d1_ex5-1img02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 50%; text-align: left"><IMG SRC="tm2221627d1_ex5-1img01.jpg" ALT="">&nbsp;</TD><TD STYLE="vertical-align: middle; text-align: right; width: 50%">Page 3 </TD>
</TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based upon the foregoing, and subject to the qualifications,
assumptions and limitations stated herein, we are of the opinion that, upon payment for the applicable SVS provided for in the applicable
Agreement and otherwise in accordance with such Agreement, the SVS will be validly issued, fully paid and non-assessable shares in the
capital of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We hereby consent to the filing of this opinion
letter as Exhibit&nbsp;5.1 to the Registration Statement and to the use of our name under the caption &ldquo;Legal Matters&rdquo; in the
Prospectus included in the Registration Statement. In giving this opinion, we do not thereby admit that we are within the category of
persons whose consent is required under Section&nbsp;7 of the Act or the rules&nbsp;and regulations of the Commission thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Yours very truly,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">/s/ Blake, Cassels&nbsp;&amp; Graydon LLP</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="tm2221627d1_ex5-1img02.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>tm2221627d1_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0">Exhibit&nbsp;23.1</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left"><IMG SRC="tm2221627d1_ex23-1img01.jpg" ALT=""></P>

<P STYLE="margin-top: 0; margin-right: 0; margin-bottom: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">KPMG LLP&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Bay Adelaide Centre&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">333 Bay Street, Suite&nbsp;4600&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Toronto, Ontario, M5H 2S5&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Telephone (416) 777-8500&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Fax (416) 777-8818<FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; color: #0563C1"><FONT STYLE="color: Black"><U>www.kpmg.ca</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Consent of Independent Registered Public Accounting
Firm</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Board of Directors&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Celestica Inc.:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We consent to the use of our report dated March&nbsp;10, 2022, on the
consolidated financial statements of Celestica Inc. (the &ldquo;Company&rdquo;), which comprise the consolidated balance sheets as of
December&nbsp;31, 2021 and December&nbsp;31, 2020, the related consolidated statements of operations, comprehensive income, changes in
equity and cash flows for each of the years in the three-year period ended December&nbsp;31, 2021, and the related notes, and our report
dated March&nbsp;10, 2022 on the effectiveness of internal control over financial reporting as of December&nbsp;31, 2021, which are incorporated
by reference in this Registration Statement on Form&nbsp;S-8 of the Company and are included in the Company&rsquo;s Annual Report on Form&nbsp;20-F
filed with the United States Securities and Exchange Commission on March&nbsp;14, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ KPMG LLP&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Chartered Professional Accountants, Licensed Public Accountants&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July&nbsp;26, 2022&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Toronto, Canada</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">KPMG LLP, an Ontario limited liability partnership
and member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English
company limited by guarantee.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">KPMG Canada provides services to KPMG LLP.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>4
<FILENAME>tm2221627d1_ex-fillingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit&nbsp;107</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Calculation of Filing Fee Table</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form&nbsp;S-8</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Form&nbsp;Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Celestica Inc.</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Table 1: Newly Registered Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Security<BR>
 Type</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Security<BR>
 Class Title</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fee<BR>
 Calculation<BR>
 Rule</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount<BR>
 Registered(1)</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Proposed </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maximum </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Offering<BR>
 Price Per<BR>
 Unit (2)</B></P></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maximum </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Aggregate </B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Offering Price (2)</B></P></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Fee Rate</B></FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Amount of<BR>
 Registration<BR>
 Fee</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subordinate Voting Shares (SVS) without par value</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,768,852 SVS </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$10.51</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$102,670,634.52</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$0.0000927</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$9,517.57</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total Offering Amounts</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$102,670,634.52</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$9,517.57</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total Fee Offsets</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">--</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Net Fee Due</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$9,517.57</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 0"></TD><TD STYLE="font-size: 10pt; width: 0.5in"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">This
                                            registration statement covers an additional 9,768,852 SVS issuable under Celestica&rsquo;s
                                            amended and restated Long-Term Incentive Plan. Pursuant to Rule&nbsp;416(a)&nbsp;under the
                                            Securities Act of 1933, as amended (Securities Act), this Registration Statement shall also
                                            cover any additional SVS which become issuable under the pursuant to anti-dilution and adjustment
                                            provisions thereof resulting from stock splits, stock dividends or similar transactions.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="font-size: 10pt; vertical-align: top">
<TD STYLE="font-size: 10pt; width: 0"></TD><TD STYLE="font-size: 10pt; width: 0.5in"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="font-size: 10pt; text-align: justify"><FONT STYLE="font-size: 10pt">Estimated
                                            solely for the purpose of calculating the registration fee pursuant to Rules&nbsp;457(c)&nbsp;and
                                            457(h)&nbsp;promulgated under the Securities Act. The &ldquo;Proposed Maximum Offering Price
                                            Per Unit&rdquo; and &ldquo;Maximum Aggregate Offering Price&rdquo; are based on the average
                                            high and low prices of the SVS reported on the New York Stock Exchange on July&nbsp;22, 2022.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>tm2221627d1_ex5-1img01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2221627d1_ex5-1img01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !8 /0# 2(  A$! Q$!_\0
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M0!TM%1PSQ7,*S02I+$XRKHP96'J".M24 %%%% !1110 4444 %%%% !1110
M4444 %%,EFC@B:6618XU&69S@ >YKB]3^+?@[3[@6L.I'4;MCM2WTZ,SLQ]
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MJ:G(NM2;S-A_V$^Z@^@_&NM  &!TKS.X^+RWJ74OA;PYJ&M6MJK-+>DBWMU
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MEC>15; [!>I_ 4 ?/-E#;7W[2\%K:01Q6EI?>5%%&H"HL$9P /JF:^GZ^/O
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M%[I$MQ/;QW<9C:6!L.H[X)]>GT)KC/#'P4\)>&KR.]\F;4+J/E'O&#*I]0H
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M(?+BMUME;U9FW']%'YU]&5B^%O"NE^#]%32M)A9(%8NS.<O(QZLQ[GI^5;5
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !5'5='T[7+%[+5+*"[MGZQS(&&?4>A]Q110!Y%J7[.NG&]:YT/7KS3OF
MW*C1^9L]@P*G\\UN>'?@[%87D5UX@\0ZAKQA8/%;W#L(0PZ$J6;=_*BB@#T^
6BBB@ HHHH **** "BBB@ HHHH __V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>tm2221627d1_ex5-1img03.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2221627d1_ex5-1img03.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" "  /(# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W_-&:2BD,
M7-&:2B@!<T9I** *VH:A;Z99O=W3,L*8W%49SR0!@*"3R1TJC%XGTR4SKOGB
M:"%IW2XM986\M>K!74%@/;-5_&AD'ABX\D(9?,AV!R0I;S4QDCMFN;U9M6^T
MW+:[#9QL=+NX[3['(SKDJ&<-N (.%7! QU]J ._M[B.ZMHKB%MT4J!T;&,@C
M(-,M[V&Z>986W>3(8WX(PPQD?K7F\]Q<(UC?6UUJQ6QCLXWCAD5+0%@A*R N
M"Y(<?='&1G-:,-[,-7U6#?)#%:7$MV@1B&NV51E!V*CC<.IRO3J2X'?9I&<(
MI9B  ,DD]*\Z\+76H27^F:G)/JLYU-=US%,3]EBW1EP8<MQ@@#OD$GBNK\5B
M23P=K @#%VLY0 .I^4YQ[XHN%A;?Q9I%U<QPPW#L)7\N.7R9!%(WHLA783]#
M6UFLJ.ZTH:1;3)-;"P(3R'X"'ILV^_3 '>N'L[V]_M$7EG?:E,FI07#0R7TH
M2UR$+(T4>\NHR!DGL>* /3<T9KSJ#3[ZRL;JR76M5;4;N!&\J]N,L@WJ':%P
MVT'#8 SU*Y.*;<>;I=D=$CU;6[B2ZNT25I7+W=NAC=OD<'!W>60".!\W6BX'
MH$]Y#;26\<K8>XD,40P3N;:S8]N%8\^E3@YKS_3&N(;S3+.:34)(H-1)BFU
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MT420Q)%&H5$4*JCL!T%<S%XFU"YO8+&VTJ,WA,PN$DNMJ0F,QYPP0E@1*I'
M[9 YQ8T[7[R^U,VTEE#!%ND +70,R[3@%XBHP#U!!/44Q'14444Q"4444AA1
M110 4444 %%%% !29'J*&&17F\U]=_:=0N+77-3?4X;Z5(=/5 \+@/A5(V<
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M:1X=FT^_-Y>:M=ZC*L/D1&=578F03]T#<20,D\\4S4O#$UUJ$]U8ZQ=Z?]J
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MXJ]I_B!=2N_*AT^]6$LZ)=.J^6Q0X(X8LO0XW 9Q2 VZ***H0E%%%(84444
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M>7EXDSG[JR1NSJ?J5WC_ ("M9EY8WM[!K+I$#J&HZ?:W+1NX3!:=]J9) &U
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1X4%CCC+$GDT ;U%%%,1__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>tm2221627d1_ex5-1img02.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2221627d1_ex5-1img02.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  U FH# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M5A&95C,L<$T9BDMT8!&4EVQTR,&1L8(Q^%-/A;39FD:\5[UI P)N-K=0HS@
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
5110 4444 %%%% !1110 4444 ?_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>tm2221627d1_ex23-1img01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2221627d1_ex23-1img01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !# ),# 2(  A$! Q$!_\0
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M"6)09).*T/\ A&="_P"@-I__ (#)_A3%J:?F)_>'YT"13T(_.LS_ (1G0O\
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JBF,0=:/2BBI0=!>])WHHIR 4TE%%4]AB"G&BBD#%'2EHHIB"BBB@#__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
