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    <link:label id="lab_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents_575570EC5EE55EA87FA4B285CCDA5EB7_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentRestrictedCashAndCashEquivalents_575570EC5EE55EA87FA4B285CCDA5EB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash (Note 28)</link:label>
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    <link:label id="lab_ifrs-full_NoncurrentPrepayments_270D10CE6422E8B8B297B285CCDA5FB7_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentPrepayments_270D10CE6422E8B8B297B285CCDA5FB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Prepaid rent to a portfolio investment</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="loc_ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_166AC352534574375DA649BF39AE3487" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_96C546B018953170373549BF39CBC5AB_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember_96C546B018953170373549BF39CBC5AB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Later than 5 years</link:label>
    <link:label id="lab_ifrs-full_LaterThanFiveYearsMember_96C546B018953170373549BF39CBC5AB_label_en-US" xlink:label="lab_ifrs-full_LaterThanFiveYearsMember_96C546B018953170373549BF39CBC5AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than five years [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="loc_ifrs-full_LaterThanFiveYearsMember_96C546B018953170373549BF39CBC5AB" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanFiveYearsMember_96C546B018953170373549BF39CBC5AB" xlink:to="lab_ifrs-full_LaterThanFiveYearsMember_96C546B018953170373549BF39CBC5AB" xlink:type="arc" />
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    <link:label id="lab_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems_57B5A6777AE966328CD049BF390E5E45_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems_57B5A6777AE966328CD049BF390E5E45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of finance lease and operating lease by lessor [line items]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems" xlink:label="loc_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems_57B5A6777AE966328CD049BF390E5E45" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems_57B5A6777AE966328CD049BF390E5E45" xlink:to="lab_ifrs-full_DisclosureOfFinanceLeaseAndOperatingLeaseByLessorLineItems_57B5A6777AE966328CD049BF390E5E45" xlink:type="arc" />
    <link:label id="lab_ifrs-full_GrossInvestmentInFinanceLease_69B06D76018FA6BAF9C349BF392BF5F5_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossInvestmentInFinanceLease_69B06D76018FA6BAF9C349BF392BF5F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gross investment in finance lease</link:label>
    <link:label id="lab_ifrs-full_GrossInvestmentInFinanceLease_69B06D76018FA6BAF9C349BF392BF5F5_label_en-US" xlink:label="lab_ifrs-full_GrossInvestmentInFinanceLease_69B06D76018FA6BAF9C349BF392BF5F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross investment in finance lease</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossInvestmentInFinanceLease" xlink:label="loc_ifrs-full_GrossInvestmentInFinanceLease_69B06D76018FA6BAF9C349BF392BF5F5" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_F71829B89049CAD1B29F49BF39445FA2_terseLabel_en-US" xlink:label="lab_ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_F71829B89049CAD1B29F49BF39445FA2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Present value of future minimum lease payment receivables</link:label>
    <link:label id="lab_ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_F71829B89049CAD1B29F49BF39445FA2_label_en-US" xlink:label="lab_ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_F71829B89049CAD1B29F49BF39445FA2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum finance lease payments receivable, at present value</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue" xlink:label="loc_ifrs-full_MinimumFinanceLeasePaymentsReceivableAtPresentValue_F71829B89049CAD1B29F49BF39445FA2" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_16540BFD3B9BB03C9D9B1E8CBD540E24_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_16540BFD3B9BB03C9D9B1E8CBD540E24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [table]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_16540BFD3B9BB03C9D9B1E8CBD540E24_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_16540BFD3B9BB03C9D9B1E8CBD540E24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [table]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_16540BFD3B9BB03C9D9B1E8CBD540E24" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_16540BFD3B9BB03C9D9B1E8CBD540E24" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentTable_16540BFD3B9BB03C9D9B1E8CBD540E24" xlink:type="arc" />
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_CA6B967A0D309459830B1E8CBD542973_terseLabel_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_CA6B967A0D309459830B1E8CBD542973" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:label id="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_CA6B967A0D309459830B1E8CBD542973_label_en-US" xlink:label="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_CA6B967A0D309459830B1E8CBD542973" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_CA6B967A0D309459830B1E8CBD542973" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_CA6B967A0D309459830B1E8CBD542973" xlink:to="lab_ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_CA6B967A0D309459830B1E8CBD542973" xlink:type="arc" />
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_085BB6AE6E87152A24401E8CBD544035_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember_085BB6AE6E87152A24401E8CBD544035" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentMember_085BB6AE6E87152A24401E8CBD544035_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentMember_085BB6AE6E87152A24401E8CBD544035" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentMember_085BB6AE6E87152A24401E8CBD544035" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentMember_085BB6AE6E87152A24401E8CBD544035" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentMember_085BB6AE6E87152A24401E8CBD544035" xlink:type="arc" />
    <link:label id="lab_ifrs-full_LandMember_444A3CC325613155B2211E8CBD559719_terseLabel_en-US" xlink:label="lab_ifrs-full_LandMember_444A3CC325613155B2211E8CBD559719" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Land</link:label>
    <link:label id="lab_ifrs-full_LandMember_444A3CC325613155B2211E8CBD559719_label_en-US" xlink:label="lab_ifrs-full_LandMember_444A3CC325613155B2211E8CBD559719" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Land [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LandMember" xlink:label="loc_ifrs-full_LandMember_444A3CC325613155B2211E8CBD559719" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LandMember_444A3CC325613155B2211E8CBD559719" xlink:to="lab_ifrs-full_LandMember_444A3CC325613155B2211E8CBD559719" xlink:type="arc" />
    <link:label id="lab_ifrs-full_BuildingsMember_471D128B9692EFB34F0B1E8CBD55AAF9_terseLabel_en-US" xlink:label="lab_ifrs-full_BuildingsMember_471D128B9692EFB34F0B1E8CBD55AAF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buildings and improvements</link:label>
    <link:label id="lab_ifrs-full_BuildingsMember_471D128B9692EFB34F0B1E8CBD55AAF9_label_en-US" xlink:label="lab_ifrs-full_BuildingsMember_471D128B9692EFB34F0B1E8CBD55AAF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buildings [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_BuildingsMember" xlink:label="loc_ifrs-full_BuildingsMember_471D128B9692EFB34F0B1E8CBD55AAF9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_BuildingsMember_471D128B9692EFB34F0B1E8CBD55AAF9" xlink:to="lab_ifrs-full_BuildingsMember_471D128B9692EFB34F0B1E8CBD55AAF9" xlink:type="arc" />
    <link:label id="lab_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6_terseLabel_en-US" xlink:label="lab_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Simulators</link:label>
    <link:label id="lab_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6_label_en-US" xlink:label="lab_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Simulators [Member]</link:label>
    <link:label id="lab_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6_documentation_en-US" xlink:label="lab_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Simulators [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_SimulatorsMember" xlink:label="loc_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6" xlink:to="lab_cae_SimulatorsMember_AD9BE72DFA675463299C1E8CBD5544E6" xlink:type="arc" />
    <link:label id="lab_ifrs-full_MachineryMember_2B2D36D081D9395E5D111E8CBD556075_terseLabel_en-US" xlink:label="lab_ifrs-full_MachineryMember_2B2D36D081D9395E5D111E8CBD556075" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Machinery and equipment</link:label>
    <link:label id="lab_ifrs-full_MachineryMember_2B2D36D081D9395E5D111E8CBD556075_label_en-US" xlink:label="lab_ifrs-full_MachineryMember_2B2D36D081D9395E5D111E8CBD556075" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Machinery [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MachineryMember" xlink:label="loc_ifrs-full_MachineryMember_2B2D36D081D9395E5D111E8CBD556075" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_MachineryMember_2B2D36D081D9395E5D111E8CBD556075" xlink:to="lab_ifrs-full_MachineryMember_2B2D36D081D9395E5D111E8CBD556075" xlink:type="arc" />
    <link:label id="lab_cae_AircraftAndAircraftEnginesMember_F47EE880A0DB57452C531E8CBD55438E_terseLabel_en-US" xlink:label="lab_cae_AircraftAndAircraftEnginesMember_F47EE880A0DB57452C531E8CBD55438E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Aircraft and aircraft engines</link:label>
    <link:label id="lab_cae_AircraftAndAircraftEnginesMember_F47EE880A0DB57452C531E8CBD55438E_label_en-US" xlink:label="lab_cae_AircraftAndAircraftEnginesMember_F47EE880A0DB57452C531E8CBD55438E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aircraft And Aircraft Engines [Member]</link:label>
    <link:label id="lab_cae_AircraftAndAircraftEnginesMember_F47EE880A0DB57452C531E8CBD55438E_documentation_en-US" xlink:label="lab_cae_AircraftAndAircraftEnginesMember_F47EE880A0DB57452C531E8CBD55438E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Aircraft And Aircraft Engines [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_AircraftAndAircraftEnginesMember" xlink:label="loc_cae_AircraftAndAircraftEnginesMember_F47EE880A0DB57452C531E8CBD55438E" xlink:type="locator" />
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    <link:label id="lab_cae_AssetsUnderFinanceLeaseMember_81CF816709B2A1E4842B1E8CBD5678DD_terseLabel_en-US" xlink:label="lab_cae_AssetsUnderFinanceLeaseMember_81CF816709B2A1E4842B1E8CBD5678DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets under finance lease</link:label>
    <link:label id="lab_cae_AssetsUnderFinanceLeaseMember_81CF816709B2A1E4842B1E8CBD5678DD_label_en-US" xlink:label="lab_cae_AssetsUnderFinanceLeaseMember_81CF816709B2A1E4842B1E8CBD5678DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets Under Finance Lease [Member]</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_AssetsUnderFinanceLeaseMember" xlink:label="loc_cae_AssetsUnderFinanceLeaseMember_81CF816709B2A1E4842B1E8CBD5678DD" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_ConstructionInProgressMember_27084B3AD291D8E16FE41E8CBD56ABB1_terseLabel_en-US" xlink:label="lab_ifrs-full_ConstructionInProgressMember_27084B3AD291D8E16FE41E8CBD56ABB1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets under construction</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="loc_ifrs-full_ConstructionInProgressMember_27084B3AD291D8E16FE41E8CBD56ABB1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ConstructionInProgressMember_27084B3AD291D8E16FE41E8CBD56ABB1" xlink:to="lab_ifrs-full_ConstructionInProgressMember_27084B3AD291D8E16FE41E8CBD56ABB1" xlink:type="arc" />
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember_ED7EF6E080D9EB5CD3DD1E8CBD563B6F_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember_ED7EF6E080D9EB5CD3DD1E8CBD563B6F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Simulators under operating lease</link:label>
    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember_ED7EF6E080D9EB5CD3DD1E8CBD563B6F_label_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember_ED7EF6E080D9EB5CD3DD1E8CBD563B6F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, plant and equipment under operating leases [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember" xlink:label="loc_ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember_ED7EF6E080D9EB5CD3DD1E8CBD563B6F" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember_ED7EF6E080D9EB5CD3DD1E8CBD563B6F" xlink:to="lab_ifrs-full_PropertyPlantAndEquipmentUnderOperatingLeasesMember_ED7EF6E080D9EB5CD3DD1E8CBD563B6F" xlink:type="arc" />
    <link:label id="lab_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2_terseLabel_en-US" xlink:label="lab_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Simulators under finance lease</link:label>
    <link:label id="lab_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2_label_en-US" xlink:label="lab_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Simulators Under Finance Lease [Member]</link:label>
    <link:label id="lab_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2_documentation_en-US" xlink:label="lab_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Simulators Under Finance Lease</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_SimulatorsUnderFinanceLeaseMember" xlink:label="loc_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2" xlink:to="lab_cae_SimulatorsUnderFinanceLeaseMember_E9A4589235C2BA5840D71E8CBD561ED2" xlink:type="arc" />
    <link:label id="lab_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64_terseLabel_en-US" xlink:label="lab_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Buildings under finance lease</link:label>
    <link:label id="lab_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64_label_en-US" xlink:label="lab_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Buildings Under Finance Lease [Member]</link:label>
    <link:label id="lab_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64_documentation_en-US" xlink:label="lab_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Buildings Under Finance Lease</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_BuildingsUnderFinanceLeaseMember" xlink:label="loc_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64" xlink:to="lab_cae_BuildingsUnderFinanceLeaseMember_27A5F9DF6669D2689F471E8CBD56AF64" xlink:type="arc" />
    <link:label id="lab_cae_PropertyPlantandEquipmentUnderFinanceLeaseMember_092A5DF5EFCA7837421C1E8CBD56416E_terseLabel_en-US" xlink:label="lab_cae_PropertyPlantandEquipmentUnderFinanceLeaseMember_092A5DF5EFCA7837421C1E8CBD56416E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment under finance lease</link:label>
    <link:label id="lab_cae_PropertyPlantandEquipmentUnderFinanceLeaseMember_092A5DF5EFCA7837421C1E8CBD56416E_label_en-US" xlink:label="lab_cae_PropertyPlantandEquipmentUnderFinanceLeaseMember_092A5DF5EFCA7837421C1E8CBD56416E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment Under Finance Lease [Member]</link:label>
    <link:label id="lab_cae_PropertyPlantandEquipmentUnderFinanceLeaseMember_092A5DF5EFCA7837421C1E8CBD56416E_documentation_en-US" xlink:label="lab_cae_PropertyPlantandEquipmentUnderFinanceLeaseMember_092A5DF5EFCA7837421C1E8CBD56416E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment Under Finance Lease [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_PropertyPlantandEquipmentUnderFinanceLeaseMember" xlink:label="loc_cae_PropertyPlantandEquipmentUnderFinanceLeaseMember_092A5DF5EFCA7837421C1E8CBD56416E" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_9BA429AD852EFB343D791E8CBD57B957_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_9BA429AD852EFB343D791E8CBD57B957" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_9BA429AD852EFB343D791E8CBD57B957_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_9BA429AD852EFB343D791E8CBD57B957" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="loc_ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_9BA429AD852EFB343D791E8CBD57B957" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CarryingAmountMember_DA0D0773CCFA2E6898331E8CBD57040A_terseLabel_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember_DA0D0773CCFA2E6898331E8CBD57040A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:label id="lab_ifrs-full_CarryingAmountMember_DA0D0773CCFA2E6898331E8CBD57040A_label_en-US" xlink:label="lab_ifrs-full_CarryingAmountMember_DA0D0773CCFA2E6898331E8CBD57040A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CarryingAmountMember" xlink:label="loc_ifrs-full_CarryingAmountMember_DA0D0773CCFA2E6898331E8CBD57040A" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_46605E56A7BBC24499261E8CBD577868_terseLabel_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember_46605E56A7BBC24499261E8CBD577868" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cost</link:label>
    <link:label id="lab_ifrs-full_GrossCarryingAmountMember_46605E56A7BBC24499261E8CBD577868_label_en-US" xlink:label="lab_ifrs-full_GrossCarryingAmountMember_46605E56A7BBC24499261E8CBD577868" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="loc_ifrs-full_GrossCarryingAmountMember_46605E56A7BBC24499261E8CBD577868" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_78EF7A16C4F2D803AD881E8CBD585F58_terseLabel_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_78EF7A16C4F2D803AD881E8CBD585F58" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accumulated depreciation</link:label>
    <link:label id="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_78EF7A16C4F2D803AD881E8CBD585F58_label_en-US" xlink:label="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_78EF7A16C4F2D803AD881E8CBD585F58" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated depreciation and amortisation [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="loc_ifrs-full_AccumulatedDepreciationAndAmortisationMember_78EF7A16C4F2D803AD881E8CBD585F58" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AccumulatedDepreciationAndAmortisationMember_78EF7A16C4F2D803AD881E8CBD585F58" xlink:to="lab_ifrs-full_AccumulatedDepreciationAndAmortisationMember_78EF7A16C4F2D803AD881E8CBD585F58" xlink:type="arc" />
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_9D7655D3457016E09C9C1E8CBD595CCE_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_9D7655D3457016E09C9C1E8CBD595CCE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_9D7655D3457016E09C9C1E8CBD595CCE_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_9D7655D3457016E09C9C1E8CBD595CCE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of detailed information about property, plant and equipment [line items]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems" xlink:label="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_9D7655D3457016E09C9C1E8CBD595CCE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_9D7655D3457016E09C9C1E8CBD595CCE" xlink:to="lab_ifrs-full_DisclosureOfPropertyPlantAndEquipmentLineItems_9D7655D3457016E09C9C1E8CBD595CCE" xlink:type="arc" />
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract_7D15832E9CEC5BFA24641E8CBD59224D_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract_7D15832E9CEC5BFA24641E8CBD59224D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of changes in property, plant and equipment [abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract" xlink:label="loc_ifrs-full_ReconciliationOfChangesInPropertyPlantAndEquipmentAbstract_7D15832E9CEC5BFA24641E8CBD59224D" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_PropertyPlantAndEquipment_1B71AD1DDA5E3133DC461E8CBD59AF2C_periodStartLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipment_1B71AD1DDA5E3133DC461E8CBD59AF2C" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, start</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PropertyPlantAndEquipment" xlink:label="loc_ifrs-full_PropertyPlantAndEquipment_1B71AD1DDA5E3133DC461E8CBD59AF2C" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_1534D85ECD8CA0C8A3871E8CBD5A7824_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationPropertyPlantAndEquipment_1534D85ECD8CA0C8A3871E8CBD5A7824" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
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    <link:label id="lab_ifrs-full_PropertyPlantAndEquipmentPledgedAsSecurity_C04CA29A7FF50D5DBC0A1E8CBD5B2AC9_terseLabel_en-US" xlink:label="lab_ifrs-full_PropertyPlantAndEquipmentPledgedAsSecurity_C04CA29A7FF50D5DBC0A1E8CBD5B2AC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, plant and equipment, pledged as security</link:label>
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    <link:label id="lab_cae_CurrencyPairingAxis_CAC8D35E5ADD25B79D7C22F3C512E324_documentation_en-US" xlink:label="lab_cae_CurrencyPairingAxis_CAC8D35E5ADD25B79D7C22F3C512E324" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency Pairing [Axis]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_CurrencyPairingAxis" xlink:label="loc_cae_CurrencyPairingAxis_CAC8D35E5ADD25B79D7C22F3C512E324" xlink:type="locator" />
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    <link:label id="lab_cae_CurrencyPairingDomain_37B17EED16E84F75212222F3C51308B6_terseLabel_en-US" xlink:label="lab_cae_CurrencyPairingDomain_37B17EED16E84F75212222F3C51308B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency Pairing [Domain]</link:label>
    <link:label id="lab_cae_CurrencyPairingDomain_37B17EED16E84F75212222F3C51308B6_label_en-US" xlink:label="lab_cae_CurrencyPairingDomain_37B17EED16E84F75212222F3C51308B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency Pairing [Domain]</link:label>
    <link:label id="lab_cae_CurrencyPairingDomain_37B17EED16E84F75212222F3C51308B6_documentation_en-US" xlink:label="lab_cae_CurrencyPairingDomain_37B17EED16E84F75212222F3C51308B6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Currency Pairing [Axis]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_CurrencyPairingDomain" xlink:label="loc_cae_CurrencyPairingDomain_37B17EED16E84F75212222F3C51308B6" xlink:type="locator" />
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    <link:label id="lab_cae_USDCDNMember_8415623F6C0E79FCC51C22F3C51385B9_terseLabel_en-US" xlink:label="lab_cae_USDCDNMember_8415623F6C0E79FCC51C22F3C51385B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">USD/CDN</link:label>
    <link:label id="lab_cae_USDCDNMember_8415623F6C0E79FCC51C22F3C51385B9_label_en-US" xlink:label="lab_cae_USDCDNMember_8415623F6C0E79FCC51C22F3C51385B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">USD/CDN [Member]</link:label>
    <link:label id="lab_cae_USDCDNMember_8415623F6C0E79FCC51C22F3C51385B9_documentation_en-US" xlink:label="lab_cae_USDCDNMember_8415623F6C0E79FCC51C22F3C51385B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">USD/CDN [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_USDCDNMember" xlink:label="loc_cae_USDCDNMember_8415623F6C0E79FCC51C22F3C51385B9" xlink:type="locator" />
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    <link:label id="lab_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2_terseLabel_en-US" xlink:label="lab_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CDN/EUR</link:label>
    <link:label id="lab_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2_label_en-US" xlink:label="lab_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CDN/EUR [Member]</link:label>
    <link:label id="lab_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2_documentation_en-US" xlink:label="lab_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CDN/EUR [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_CDNEURMember" xlink:label="loc_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2" xlink:to="lab_cae_CDNEURMember_6BD7E93FBF1E38AD3AA122F3C51479B2" xlink:type="arc" />
    <link:label id="lab_cae_EURCDNMember_694E4C87D6296A8C153122F3C5143924_terseLabel_en-US" xlink:label="lab_cae_EURCDNMember_694E4C87D6296A8C153122F3C5143924" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EUR/CDN</link:label>
    <link:label id="lab_cae_EURCDNMember_694E4C87D6296A8C153122F3C5143924_label_en-US" xlink:label="lab_cae_EURCDNMember_694E4C87D6296A8C153122F3C5143924" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EUR/CDN [Member]</link:label>
    <link:label id="lab_cae_EURCDNMember_694E4C87D6296A8C153122F3C5143924_documentation_en-US" xlink:label="lab_cae_EURCDNMember_694E4C87D6296A8C153122F3C5143924" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">EUR/CDN [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_EURCDNMember" xlink:label="loc_cae_EURCDNMember_694E4C87D6296A8C153122F3C5143924" xlink:type="locator" />
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    <link:label id="lab_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B_terseLabel_en-US" xlink:label="lab_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">GBP/CDN</link:label>
    <link:label id="lab_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B_label_en-US" xlink:label="lab_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">GBP/CDN [Member]</link:label>
    <link:label id="lab_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B_documentation_en-US" xlink:label="lab_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">GBP/CDN [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_GBPCDNMember" xlink:label="loc_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B" xlink:to="lab_cae_GBPCDNMember_99BD4B710A4E9031659222F3C5154F1B" xlink:type="arc" />
    <link:label id="lab_cae_CDNGBPMember_44BEFA03D3B9957617D422F3C515E5A8_terseLabel_en-US" xlink:label="lab_cae_CDNGBPMember_44BEFA03D3B9957617D422F3C515E5A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CDN/GBP</link:label>
    <link:label id="lab_cae_CDNGBPMember_44BEFA03D3B9957617D422F3C515E5A8_label_en-US" xlink:label="lab_cae_CDNGBPMember_44BEFA03D3B9957617D422F3C515E5A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CDN/GBP [Member]</link:label>
    <link:label id="lab_cae_CDNGBPMember_44BEFA03D3B9957617D422F3C515E5A8_documentation_en-US" xlink:label="lab_cae_CDNGBPMember_44BEFA03D3B9957617D422F3C515E5A8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CDN/GBP [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_CDNGBPMember" xlink:label="loc_cae_CDNGBPMember_44BEFA03D3B9957617D422F3C515E5A8" xlink:type="locator" />
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    <link:label id="lab_cae_CDNUSDMember_8D1CF3D366B3E7E9700F22F3C515C539_terseLabel_en-US" xlink:label="lab_cae_CDNUSDMember_8D1CF3D366B3E7E9700F22F3C515C539" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CDN/USD</link:label>
    <link:label id="lab_cae_CDNUSDMember_8D1CF3D366B3E7E9700F22F3C515C539_label_en-US" xlink:label="lab_cae_CDNUSDMember_8D1CF3D366B3E7E9700F22F3C515C539" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CDN/USD [Member]</link:label>
    <link:label id="lab_cae_CDNUSDMember_8D1CF3D366B3E7E9700F22F3C515C539_documentation_en-US" xlink:label="lab_cae_CDNUSDMember_8D1CF3D366B3E7E9700F22F3C515C539" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">CDN/USD [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_CDNUSDMember" xlink:label="loc_cae_CDNUSDMember_8D1CF3D366B3E7E9700F22F3C515C539" xlink:type="locator" />
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    <link:label id="lab_cae_GBPUSDMember_08A2AF9422C6DC2B685C22F3C5161FEE_terseLabel_en-US" xlink:label="lab_cae_GBPUSDMember_08A2AF9422C6DC2B685C22F3C5161FEE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">GBP/USD</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_GBPUSDMember" xlink:label="loc_cae_GBPUSDMember_08A2AF9422C6DC2B685C22F3C5161FEE" xlink:type="locator" />
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    <link:label id="lab_cae_OtherCurrenciesMember_3D4A2D6C7FDCB6008D4222F3C51633BE_terseLabel_en-US" xlink:label="lab_cae_OtherCurrenciesMember_3D4A2D6C7FDCB6008D4222F3C51633BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Currencies</link:label>
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    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_E96DD782DF58346FA58222F3C5179731_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_E96DD782DF58346FA58222F3C5179731" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Between 1 and 3 years</link:label>
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    <link:label id="lab_ifrs-full_TypesOfRisksAxis_69E31CADA1A5B3C8FF4022F3C518953A_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksAxis_69E31CADA1A5B3C8FF4022F3C518953A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Types of risks [axis]</link:label>
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    <link:label id="lab_ifrs-full_TypesOfRisksMember_9E0251A53C085F5B531322F3C5188C5B_terseLabel_en-US" xlink:label="lab_ifrs-full_TypesOfRisksMember_9E0251A53C085F5B531322F3C5188C5B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Risks [member]</link:label>
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    <link:label id="lab_ifrs-full_TradeReceivablesMember_288DD1B0D66F4F55E5B5FF7C20A6243A_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember_288DD1B0D66F4F55E5B5FF7C20A6243A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable</link:label>
    <link:label id="lab_ifrs-full_TradeReceivablesMember_288DD1B0D66F4F55E5B5FF7C20A6243A_label_en-US" xlink:label="lab_ifrs-full_TradeReceivablesMember_288DD1B0D66F4F55E5B5FF7C20A6243A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trade receivables [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeReceivablesMember" xlink:label="loc_ifrs-full_TradeReceivablesMember_288DD1B0D66F4F55E5B5FF7C20A6243A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeReceivablesMember_288DD1B0D66F4F55E5B5FF7C20A6243A" xlink:to="lab_ifrs-full_TradeReceivablesMember_288DD1B0D66F4F55E5B5FF7C20A6243A" xlink:type="arc" />
    <link:label id="lab_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A_terseLabel_en-US" xlink:label="lab_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contracts in progress: assets</link:label>
    <link:label id="lab_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A_label_en-US" xlink:label="lab_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets, Contracts in Progress [Member]</link:label>
    <link:label id="lab_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A_documentation_en-US" xlink:label="lab_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Assets, Contracts in Progress [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_AssetsContractsinProgressMember" xlink:label="loc_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A" xlink:to="lab_cae_AssetsContractsinProgressMember_E43339CB789DB7B547C6FF7C20A6826A" xlink:type="arc" />
    <link:label id="lab_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1_terseLabel_en-US" xlink:label="lab_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in finance leases</link:label>
    <link:label id="lab_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1_label_en-US" xlink:label="lab_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment In Finance Leases [Member]</link:label>
    <link:label id="lab_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1_documentation_en-US" xlink:label="lab_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment In Finance Leases [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_InvestmentInFinanceLeasesMember" xlink:label="loc_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1" xlink:to="lab_cae_InvestmentInFinanceLeasesMember_BFE45E6DF08A3238CF8DFF7C20A6C7D1" xlink:type="arc" />
    <link:label id="lab_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9_terseLabel_en-US" xlink:label="lab_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Advances to a portfolio investment</link:label>
    <link:label id="lab_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9_label_en-US" xlink:label="lab_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Advances to a Portfolio Investment [Member]</link:label>
    <link:label id="lab_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9_documentation_en-US" xlink:label="lab_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Advances to a Portfolio Investment [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_AdvancestoaPortfolioInvestmentMember" xlink:label="loc_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9" xlink:to="lab_cae_AdvancestoaPortfolioInvestmentMember_C8F56F6F2045AB522EBBFF7C20A713C9" xlink:type="arc" />
    <link:label id="lab_ifrs-full_OtherAssetsMember_FC377FB89A67CE7402C8FF7C20A7E554_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember_FC377FB89A67CE7402C8FF7C20A7E554" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
    <link:label id="lab_ifrs-full_OtherAssetsMember_FC377FB89A67CE7402C8FF7C20A7E554_label_en-US" xlink:label="lab_ifrs-full_OtherAssetsMember_FC377FB89A67CE7402C8FF7C20A7E554" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other assets [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherAssetsMember" xlink:label="loc_ifrs-full_OtherAssetsMember_FC377FB89A67CE7402C8FF7C20A7E554" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherAssetsMember_FC377FB89A67CE7402C8FF7C20A7E554" xlink:to="lab_ifrs-full_OtherAssetsMember_FC377FB89A67CE7402C8FF7C20A7E554" xlink:type="arc" />
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_8CECC67B308D5476CE31FF7C20A7B95A_terseLabel_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_8CECC67B308D5476CE31FF7C20A7B95A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:label id="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_8CECC67B308D5476CE31FF7C20A7B95A_label_en-US" xlink:label="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_8CECC67B308D5476CE31FF7C20A7B95A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="loc_ifrs-full_LevelsOfFairValueHierarchyAxis_8CECC67B308D5476CE31FF7C20A7B95A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LevelsOfFairValueHierarchyAxis_8CECC67B308D5476CE31FF7C20A7B95A" xlink:to="lab_ifrs-full_LevelsOfFairValueHierarchyAxis_8CECC67B308D5476CE31FF7C20A7B95A" xlink:type="arc" />
    <link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_4DBFB3F788FF2610C0D5FF7C20A76E4C_terseLabel_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_4DBFB3F788FF2610C0D5FF7C20A76E4C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
    <link:label id="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_4DBFB3F788FF2610C0D5FF7C20A76E4C_label_en-US" xlink:label="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_4DBFB3F788FF2610C0D5FF7C20A76E4C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All levels of fair value hierarchy [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllLevelsOfFairValueHierarchyMember" xlink:label="loc_ifrs-full_AllLevelsOfFairValueHierarchyMember_4DBFB3F788FF2610C0D5FF7C20A76E4C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AllLevelsOfFairValueHierarchyMember_4DBFB3F788FF2610C0D5FF7C20A76E4C" xlink:to="lab_ifrs-full_AllLevelsOfFairValueHierarchyMember_4DBFB3F788FF2610C0D5FF7C20A76E4C" xlink:type="arc" />
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_2DB8A5F213BAD67819EFFF7C20A75E2E_terseLabel_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember_2DB8A5F213BAD67819EFFF7C20A75E2E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 1</link:label>
    <link:label id="lab_ifrs-full_Level1OfFairValueHierarchyMember_2DB8A5F213BAD67819EFFF7C20A75E2E_label_en-US" xlink:label="lab_ifrs-full_Level1OfFairValueHierarchyMember_2DB8A5F213BAD67819EFFF7C20A75E2E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level1OfFairValueHierarchyMember_2DB8A5F213BAD67819EFFF7C20A75E2E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level1OfFairValueHierarchyMember_2DB8A5F213BAD67819EFFF7C20A75E2E" xlink:to="lab_ifrs-full_Level1OfFairValueHierarchyMember_2DB8A5F213BAD67819EFFF7C20A75E2E" xlink:type="arc" />
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_166A7A0DA523087415E3FF7C20A8317E_terseLabel_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember_166A7A0DA523087415E3FF7C20A8317E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 2</link:label>
    <link:label id="lab_ifrs-full_Level2OfFairValueHierarchyMember_166A7A0DA523087415E3FF7C20A8317E_label_en-US" xlink:label="lab_ifrs-full_Level2OfFairValueHierarchyMember_166A7A0DA523087415E3FF7C20A8317E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level2OfFairValueHierarchyMember_166A7A0DA523087415E3FF7C20A8317E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level2OfFairValueHierarchyMember_166A7A0DA523087415E3FF7C20A8317E" xlink:to="lab_ifrs-full_Level2OfFairValueHierarchyMember_166A7A0DA523087415E3FF7C20A8317E" xlink:type="arc" />
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_80B63B5DFA97B8D797D9FF7C20A86479_terseLabel_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember_80B63B5DFA97B8D797D9FF7C20A86479" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Level 3</link:label>
    <link:label id="lab_ifrs-full_Level3OfFairValueHierarchyMember_80B63B5DFA97B8D797D9FF7C20A86479_label_en-US" xlink:label="lab_ifrs-full_Level3OfFairValueHierarchyMember_80B63B5DFA97B8D797D9FF7C20A86479" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="loc_ifrs-full_Level3OfFairValueHierarchyMember_80B63B5DFA97B8D797D9FF7C20A86479" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Level3OfFairValueHierarchyMember_80B63B5DFA97B8D797D9FF7C20A86479" xlink:to="lab_ifrs-full_Level3OfFairValueHierarchyMember_80B63B5DFA97B8D797D9FF7C20A86479" xlink:type="arc" />
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_511894427011530BBB72FF7C20A824C8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_511894427011530BBB72FF7C20A824C8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_511894427011530BBB72FF7C20A824C8_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_511894427011530BBB72FF7C20A824C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:label="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_511894427011530BBB72FF7C20A824C8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_511894427011530BBB72FF7C20A824C8" xlink:to="lab_ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_511894427011530BBB72FF7C20A824C8" xlink:type="arc" />
    <link:label id="lab_ifrs-full_FinancialAssets_15F5D4E100E3C93354A3FF7C20A81ED5_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssets_15F5D4E100E3C93354A3FF7C20A81ED5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
    <link:label id="lab_ifrs-full_FinancialAssets_15F5D4E100E3C93354A3FF7C20A81ED5_label_en-US" xlink:label="lab_ifrs-full_FinancialAssets_15F5D4E100E3C93354A3FF7C20A81ED5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssets" xlink:label="loc_ifrs-full_FinancialAssets_15F5D4E100E3C93354A3FF7C20A81ED5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssets_15F5D4E100E3C93354A3FF7C20A81ED5" xlink:to="lab_ifrs-full_FinancialAssets_15F5D4E100E3C93354A3FF7C20A81ED5" xlink:type="arc" />
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_E4FB906B95D7F6F38640FF7C20A82FF1_terseLabel_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue_E4FB906B95D7F6F38640FF7C20A82FF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:label id="lab_ifrs-full_FinancialAssetsAtFairValue_E4FB906B95D7F6F38640FF7C20A82FF1_label_en-US" xlink:label="lab_ifrs-full_FinancialAssetsAtFairValue_E4FB906B95D7F6F38640FF7C20A82FF1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="loc_ifrs-full_FinancialAssetsAtFairValue_E4FB906B95D7F6F38640FF7C20A82FF1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinancialAssetsAtFairValue_E4FB906B95D7F6F38640FF7C20A82FF1" xlink:to="lab_ifrs-full_FinancialAssetsAtFairValue_E4FB906B95D7F6F38640FF7C20A82FF1" xlink:type="arc" />
    <link:label id="lab_ifrs-full_FinancialLiabilities_CD433270281EDA28A801FF7C20A98A81_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities_CD433270281EDA28A801FF7C20A98A81" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:label id="lab_ifrs-full_FinancialLiabilities_CD433270281EDA28A801FF7C20A98A81_label_en-US" xlink:label="lab_ifrs-full_FinancialLiabilities_CD433270281EDA28A801FF7C20A98A81" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial liabilities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinancialLiabilities" xlink:label="loc_ifrs-full_FinancialLiabilities_CD433270281EDA28A801FF7C20A98A81" xlink:type="locator" />
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    <link:label id="lab_cae_IntangibleAssetsAbstract_6FCDD90ECFD7D388EB2D1E8CBD3CDA05_label_en-US" xlink:label="lab_cae_IntangibleAssetsAbstract_6FCDD90ECFD7D388EB2D1E8CBD3CDA05" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intangible Assets [Abstract]</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_IntangibleAssetsAbstract" xlink:label="loc_cae_IntangibleAssetsAbstract_6FCDD90ECFD7D388EB2D1E8CBD3CDA05" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_MethodsOfGenerationAxis_A0B0C27EABD2F804CC301E8CBD3C4E3B_terseLabel_en-US" xlink:label="lab_ifrs-full_MethodsOfGenerationAxis_A0B0C27EABD2F804CC301E8CBD3C4E3B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Methods of generation [axis]</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_MethodsOfGenerationMember" xlink:label="loc_ifrs-full_MethodsOfGenerationMember_BB870AEB6B999250FAB61E8CBD3C6F96" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_InternallyGeneratedMember_DE185DEBB1A5BD16533A1E8CBD3D8257_terseLabel_en-US" xlink:label="lab_ifrs-full_InternallyGeneratedMember_DE185DEBB1A5BD16533A1E8CBD3D8257" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Internally generated</link:label>
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    <link:label id="lab_ifrs-full_CapitalisedDevelopmentExpenditureMember_854C99036BA5D641A31F1E8CBD3ED5BC_terseLabel_en-US" xlink:label="lab_ifrs-full_CapitalisedDevelopmentExpenditureMember_854C99036BA5D641A31F1E8CBD3ED5BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalized development costs</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CapitalisedDevelopmentExpenditureMember" xlink:label="loc_ifrs-full_CapitalisedDevelopmentExpenditureMember_854C99036BA5D641A31F1E8CBD3ED5BC" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_713E7B0DAE1BB92638931E8CBD3EBACE_terseLabel_en-US" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_713E7B0DAE1BB92638931E8CBD3EBACE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Customer relationships</link:label>
    <link:label id="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_713E7B0DAE1BB92638931E8CBD3EBACE_label_en-US" xlink:label="lab_ifrs-full_CustomerrelatedIntangibleAssetsMember_713E7B0DAE1BB92638931E8CBD3EBACE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer-related intangible assets [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="loc_ifrs-full_CustomerrelatedIntangibleAssetsMember_713E7B0DAE1BB92638931E8CBD3EBACE" xlink:type="locator" />
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    <link:label id="lab_cae_ERPandOtherSoftwareMember_8C513BF2760A02BE88C71E8CBD3EDC0B_terseLabel_en-US" xlink:label="lab_cae_ERPandOtherSoftwareMember_8C513BF2760A02BE88C71E8CBD3EDC0B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ERP and other software</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_ERPandOtherSoftwareMember" xlink:label="loc_cae_ERPandOtherSoftwareMember_8C513BF2760A02BE88C71E8CBD3EDC0B" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_TechnologybasedIntangibleAssetsMember_DA78CAC7FBBC96B18D751E8CBD3E7BEC_terseLabel_en-US" xlink:label="lab_ifrs-full_TechnologybasedIntangibleAssetsMember_DA78CAC7FBBC96B18D751E8CBD3E7BEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Technology</link:label>
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    <link:label id="lab_ifrs-full_OtherIntangibleAssetsMember_C8F10E86B65C7644E89C1E8CBD3F361A_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherIntangibleAssetsMember_C8F10E86B65C7644E89C1E8CBD3F361A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other intangible assets</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfMaturityAnalysisForNonderivativeFinancialLiabilitiesTable_D82AB54B676E9DEB9F4922F3C5399E37_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfMaturityAnalysisForNonderivativeFinancialLiabilitiesTable_D82AB54B676E9DEB9F4922F3C5399E37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of maturity analysis for non-derivative financial liabilities [table]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfMaturityAnalysisForNonderivativeFinancialLiabilitiesTable" xlink:label="loc_ifrs-full_DisclosureOfMaturityAnalysisForNonderivativeFinancialLiabilitiesTable_D82AB54B676E9DEB9F4922F3C5399E37" xlink:type="locator" />
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    <link:label id="lab_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A_terseLabel_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward foreign currency contracts, outflow</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A_label_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Foreign Currency Contracts, Outflow [Member]</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A_documentation_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Forward Foreign Currency Contracts, Outflow [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_ForwardForeignCurrencyContractsOutflowMember" xlink:label="loc_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A" xlink:to="lab_cae_ForwardForeignCurrencyContractsOutflowMember_9D99E4FB060656374F5C22F3C53B547A" xlink:type="arc" />
    <link:label id="lab_cae_ForwardForeignCurrencyContractsInflowMember_345FADBC8F55DB66AC3022F3C53BA7C3_terseLabel_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsInflowMember_345FADBC8F55DB66AC3022F3C53BA7C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Forward foreign currency contracts, inflow</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsInflowMember_345FADBC8F55DB66AC3022F3C53BA7C3_label_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsInflowMember_345FADBC8F55DB66AC3022F3C53BA7C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Foreign Currency Contracts, Inflow [Member]</link:label>
    <link:label id="lab_cae_ForwardForeignCurrencyContractsInflowMember_345FADBC8F55DB66AC3022F3C53BA7C3_documentation_en-US" xlink:label="lab_cae_ForwardForeignCurrencyContractsInflowMember_345FADBC8F55DB66AC3022F3C53BA7C3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Forward Foreign Currency Contracts, Inflow [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_ForwardForeignCurrencyContractsInflowMember" xlink:label="loc_cae_ForwardForeignCurrencyContractsInflowMember_345FADBC8F55DB66AC3022F3C53BA7C3" xlink:type="locator" />
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    <link:label id="lab_cae_SwapDerivativesMember_F1289191086AFD7E327D22F3C53B2B62_terseLabel_en-US" xlink:label="lab_cae_SwapDerivativesMember_F1289191086AFD7E327D22F3C53B2B62" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Swap derivatives</link:label>
    <link:label id="lab_cae_SwapDerivativesMember_F1289191086AFD7E327D22F3C53B2B62_label_en-US" xlink:label="lab_cae_SwapDerivativesMember_F1289191086AFD7E327D22F3C53B2B62" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Swap Derivatives [Member]</link:label>
    <link:label id="lab_cae_SwapDerivativesMember_F1289191086AFD7E327D22F3C53B2B62_documentation_en-US" xlink:label="lab_cae_SwapDerivativesMember_F1289191086AFD7E327D22F3C53B2B62" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Swap Derivatives [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_SwapDerivativesMember" xlink:label="loc_cae_SwapDerivativesMember_F1289191086AFD7E327D22F3C53B2B62" xlink:type="locator" />
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    <link:label id="lab_cae_BalanceSheetLocation1Axis_FC0FFE299829C125D0E022F3C53CEC20_terseLabel_en-US" xlink:label="lab_cae_BalanceSheetLocation1Axis_FC0FFE299829C125D0E022F3C53CEC20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:label id="lab_cae_BalanceSheetLocation1Axis_FC0FFE299829C125D0E022F3C53CEC20_label_en-US" xlink:label="lab_cae_BalanceSheetLocation1Axis_FC0FFE299829C125D0E022F3C53CEC20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location1 [Axis]</link:label>
    <link:label id="lab_cae_BalanceSheetLocation1Axis_FC0FFE299829C125D0E022F3C53CEC20_documentation_en-US" xlink:label="lab_cae_BalanceSheetLocation1Axis_FC0FFE299829C125D0E022F3C53CEC20" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_BalanceSheetLocation1Axis" xlink:label="loc_cae_BalanceSheetLocation1Axis_FC0FFE299829C125D0E022F3C53CEC20" xlink:type="locator" />
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    <link:label id="lab_cae_BalanceSheetLocation1Domain_5E8DC05169BAA0F91CAA22F3C53C21E3_terseLabel_en-US" xlink:label="lab_cae_BalanceSheetLocation1Domain_5E8DC05169BAA0F91CAA22F3C53C21E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</link:label>
    <link:label id="lab_cae_BalanceSheetLocation1Domain_5E8DC05169BAA0F91CAA22F3C53C21E3_label_en-US" xlink:label="lab_cae_BalanceSheetLocation1Domain_5E8DC05169BAA0F91CAA22F3C53C21E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location1 [Domain]</link:label>
    <link:label id="lab_cae_BalanceSheetLocation1Domain_5E8DC05169BAA0F91CAA22F3C53C21E3_documentation_en-US" xlink:label="lab_cae_BalanceSheetLocation1Domain_5E8DC05169BAA0F91CAA22F3C53C21E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Balance Sheet Location [Axis]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_BalanceSheetLocation1Domain" xlink:label="loc_cae_BalanceSheetLocation1Domain_5E8DC05169BAA0F91CAA22F3C53C21E3" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_NotLaterThanOneYearMember_3F4355EECA8E67BE9A3022F3C53E155E_verboseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneYearMember_3F4355EECA8E67BE9A3022F3C53E155E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">0-12 Months</link:label>
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    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_2859439FCC2FA440A04122F3C53E5C00_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_2859439FCC2FA440A04122F3C53E5C00" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">13-24 Months</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_2859439FCC2FA440A04122F3C53E5C00_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_2859439FCC2FA440A04122F3C53E5C00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one year and not later than two years [member]</link:label>
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    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_358E89E499447E5D661722F3C53EE012_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_358E89E499447E5D661722F3C53EE012" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">25-36 Months</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_358E89E499447E5D661722F3C53EE012_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_358E89E499447E5D661722F3C53EE012" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two years and not later than three years [member]</link:label>
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    <link:label id="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod_2A9804A0FE1CF0330187145701C1ECDC_terseLabel_en-US" xlink:label="lab_ifrs-full_InvestmentAccountedForUsingEquityMethod_2A9804A0FE1CF0330187145701C1ECDC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment in equity accounted investees</link:label>
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    <link:label id="lab_ifrs-full_EquityAndLiabilitiesAbstract_9B7F8A4F19D5CED931CA145701C391FF_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAndLiabilitiesAbstract_9B7F8A4F19D5CED931CA145701C391FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Liabilities and equity</link:label>
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    <link:label id="lab_ifrs-full_CurrentContractLiabilities_92DF5E1A52386F7C9B99145701CDD087_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentContractLiabilities_92DF5E1A52386F7C9B99145701CDD087" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contracts in progress: liabilities</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentContractLiabilities" xlink:label="loc_ifrs-full_CurrentContractLiabilities_92DF5E1A52386F7C9B99145701CDD087" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_38D9F7E4B937060A1DBD145701CE82E3_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_38D9F7E4B937060A1DBD145701CE82E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current portion of long-term debt</link:label>
    <link:label id="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_38D9F7E4B937060A1DBD145701CE82E3_label_en-US" xlink:label="lab_ifrs-full_CurrentPortionOfLongtermBorrowings_38D9F7E4B937060A1DBD145701CE82E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current portion of non-current borrowings</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentPortionOfLongtermBorrowings" xlink:label="loc_ifrs-full_CurrentPortionOfLongtermBorrowings_38D9F7E4B937060A1DBD145701CE82E3" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_F7F000710E20D6BC3BC0145701D0A2D2_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_F7F000710E20D6BC3BC0145701D0A2D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_F7F000710E20D6BC3BC0145701D0A2D2_label_en-US" xlink:label="lab_ifrs-full_CurrentDerivativeFinancialLiabilities_F7F000710E20D6BC3BC0145701D0A2D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current derivative financial liabilities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:label="loc_ifrs-full_CurrentDerivativeFinancialLiabilities_F7F000710E20D6BC3BC0145701D0A2D2" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CurrentLiabilities_299F01E44423F2D34061145701D24AAE_totalLabel_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities_299F01E44423F2D34061145701D24AAE" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
    <link:label id="lab_ifrs-full_CurrentLiabilities_299F01E44423F2D34061145701D24AAE_label_en-US" xlink:label="lab_ifrs-full_CurrentLiabilities_299F01E44423F2D34061145701D24AAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentLiabilities" xlink:label="loc_ifrs-full_CurrentLiabilities_299F01E44423F2D34061145701D24AAE" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_ED9BFD58B3226B48AB9A145701D31318_label_en-US" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract_ED9BFD58B3226B48AB9A145701D31318" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current liabilities [abstract]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentLiabilitiesAbstract" xlink:label="loc_ifrs-full_NoncurrentLiabilitiesAbstract_ED9BFD58B3226B48AB9A145701D31318" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_OtherLongtermProvisions_0D6C5955C68D66CAA18F145701D7D9EA_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherLongtermProvisions_0D6C5955C68D66CAA18F145701D7D9EA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term portion</link:label>
    <link:label id="lab_ifrs-full_OtherLongtermProvisions_0D6C5955C68D66CAA18F145701D7D9EA_label_en-US" xlink:label="lab_ifrs-full_OtherLongtermProvisions_0D6C5955C68D66CAA18F145701D7D9EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other non-current provisions</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherLongtermProvisions" xlink:label="loc_ifrs-full_OtherLongtermProvisions_0D6C5955C68D66CAA18F145701D7D9EA" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_LongtermBorrowings_6EE3C0D9AFB83419E5DA145701D8DCAD_terseLabel_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings_6EE3C0D9AFB83419E5DA145701D8DCAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt</link:label>
    <link:label id="lab_ifrs-full_LongtermBorrowings_6EE3C0D9AFB83419E5DA145701D8DCAD_label_en-US" xlink:label="lab_ifrs-full_LongtermBorrowings_6EE3C0D9AFB83419E5DA145701D8DCAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current portion of non-current borrowings</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LongtermBorrowings" xlink:label="loc_ifrs-full_LongtermBorrowings_6EE3C0D9AFB83419E5DA145701D8DCAD" xlink:type="locator" />
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    <link:label id="lab_cae_NonCurrentRoyaltyObligations_9870FF6D0454251BA2AF145701D90EC2_terseLabel_en-US" xlink:label="lab_cae_NonCurrentRoyaltyObligations_9870FF6D0454251BA2AF145701D90EC2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Royalty obligations</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_NonCurrentRoyaltyObligations" xlink:label="loc_cae_NonCurrentRoyaltyObligations_9870FF6D0454251BA2AF145701D90EC2" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits_6CFC5B1CEA63B7CF8303145701DA4531_verboseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits_6CFC5B1CEA63B7CF8303145701DA4531" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Employee benefits obligations</link:label>
    <link:label id="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits_6CFC5B1CEA63B7CF8303145701DA4531_label_en-US" xlink:label="lab_ifrs-full_NoncurrentProvisionsForEmployeeBenefits_6CFC5B1CEA63B7CF8303145701DA4531" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current provisions for employee benefits</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentProvisionsForEmployeeBenefits" xlink:label="loc_ifrs-full_NoncurrentProvisionsForEmployeeBenefits_6CFC5B1CEA63B7CF8303145701DA4531" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_OtherNoncurrentLiabilities_59B2529B21761AE88676145701DA472C_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherNoncurrentLiabilities_59B2529B21761AE88676145701DA472C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred gains and other non-current liabilities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="loc_ifrs-full_OtherNoncurrentLiabilities_59B2529B21761AE88676145701DA472C" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_DE9E343702DF90E31A73145701DB6455_terseLabel_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities_DE9E343702DF90E31A73145701DB6455" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label id="lab_ifrs-full_DeferredTaxLiabilities_DE9E343702DF90E31A73145701DB6455_label_en-US" xlink:label="lab_ifrs-full_DeferredTaxLiabilities_DE9E343702DF90E31A73145701DB6455" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="loc_ifrs-full_DeferredTaxLiabilities_DE9E343702DF90E31A73145701DB6455" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_B2473A7D33E4355DC858145701DC1C2A_terseLabel_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_B2473A7D33E4355DC858145701DC1C2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative financial liabilities</link:label>
    <link:label id="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_B2473A7D33E4355DC858145701DC1C2A_label_en-US" xlink:label="lab_ifrs-full_NoncurrentDerivativeFinancialLiabilities_B2473A7D33E4355DC858145701DC1C2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current derivative financial liabilities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NoncurrentDerivativeFinancialLiabilities" xlink:label="loc_ifrs-full_NoncurrentDerivativeFinancialLiabilities_B2473A7D33E4355DC858145701DC1C2A" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_Liabilities_01DF5CB6C34881472502145701E104BC_totalLabel_en-US" xlink:label="lab_ifrs-full_Liabilities_01DF5CB6C34881472502145701E104BC" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:label id="lab_ifrs-full_Liabilities_01DF5CB6C34881472502145701E104BC_label_en-US" xlink:label="lab_ifrs-full_Liabilities_01DF5CB6C34881472502145701E104BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Liabilities" xlink:label="loc_ifrs-full_Liabilities_01DF5CB6C34881472502145701E104BC" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_EquityAbstract_A1C1AC0F2DCCA5856E59145701E39646_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAbstract_A1C1AC0F2DCCA5856E59145701E39646" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
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    <link:label id="lab_ifrs-full_IssuedCapital_D9D90560ECB872AE1F86145701E30A8A_terseLabel_en-US" xlink:label="lab_ifrs-full_IssuedCapital_D9D90560ECB872AE1F86145701E30A8A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share capital</link:label>
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    <link:label id="lab_ifrs-full_SharePremium_571CA7FEC4998F9167DC145701E41CBD_terseLabel_en-US" xlink:label="lab_ifrs-full_SharePremium_571CA7FEC4998F9167DC145701E41CBD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contributed surplus</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_DisclosureOfRecognisedRevenueFromConstructionContractsExplanatoryTableTextBlock" xlink:label="loc_cae_DisclosureOfRecognisedRevenueFromConstructionContractsExplanatoryTableTextBlock_137767D3DBAE2BF96C95F9668BD4D065" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFairValueOfPlanAssetsTable" xlink:label="loc_ifrs-full_DisclosureOfFairValueOfPlanAssetsTable_85EE495BDB7ED7E100C5FF7C2247D76B" xlink:type="locator" />
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    <link:loc xlink:href="cae-20180331.xsd#cae_TypeofDebtInstrumentAxis" xlink:label="loc_cae_TypeofDebtInstrumentAxis_B85D5D015C278273E5A5FF7C22482932" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TypeofDebtInstrumentAxis_B85D5D015C278273E5A5FF7C22482932" xlink:to="lab_cae_TypeofDebtInstrumentAxis_B85D5D015C278273E5A5FF7C22482932" xlink:type="arc" />
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    <link:label id="lab_cae_TypeofDebtInstrumentDomain_3397780F4E43E97CD358FF7C22496342_label_en-US" xlink:label="lab_cae_TypeofDebtInstrumentDomain_3397780F4E43E97CD358FF7C22496342" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Type of Debt Instrument [Domain]</link:label>
    <link:label id="lab_cae_TypeofDebtInstrumentDomain_3397780F4E43E97CD358FF7C22496342_documentation_en-US" xlink:label="lab_cae_TypeofDebtInstrumentDomain_3397780F4E43E97CD358FF7C22496342" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for Type of Debt Instrument [Axis]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_TypeofDebtInstrumentDomain" xlink:label="loc_cae_TypeofDebtInstrumentDomain_3397780F4E43E97CD358FF7C22496342" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TypeofDebtInstrumentDomain_3397780F4E43E97CD358FF7C22496342" xlink:to="lab_cae_TypeofDebtInstrumentDomain_3397780F4E43E97CD358FF7C22496342" xlink:type="arc" />
    <link:label id="lab_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE_terseLabel_en-US" xlink:label="lab_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Municipal</link:label>
    <link:label id="lab_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE_label_en-US" xlink:label="lab_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Municipal Debt [Member]</link:label>
    <link:label id="lab_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE_documentation_en-US" xlink:label="lab_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Municipal [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_MunicipalDebtMember" xlink:label="loc_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE" xlink:to="lab_cae_MunicipalDebtMember_D7D64DA3F59E67089FB4FF7C224951FE" xlink:type="arc" />
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    <link:label id="lab_cae_CorporateDebtMember_A63AE6AAA38D46DD249BFF7C2249CED2_documentation_en-US" xlink:label="lab_cae_CorporateDebtMember_A63AE6AAA38D46DD249BFF7C2249CED2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Corporate [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_CorporateDebtMember" xlink:label="loc_cae_CorporateDebtMember_A63AE6AAA38D46DD249BFF7C2249CED2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_CorporateDebtMember_A63AE6AAA38D46DD249BFF7C2249CED2" xlink:to="lab_cae_CorporateDebtMember_A63AE6AAA38D46DD249BFF7C2249CED2" xlink:type="arc" />
    <link:label id="lab_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911_terseLabel_en-US" xlink:label="lab_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911_label_en-US" xlink:label="lab_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Debt [Member]</link:label>
    <link:label id="lab_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911_documentation_en-US" xlink:label="lab_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_OtherDebtMember" xlink:label="loc_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911" xlink:to="lab_cae_OtherDebtMember_75C0F271A2CC550F7E0AFF7C2249D911" xlink:type="arc" />
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_2AB69B08F4609B5B8917FF7C224A2021_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis_2AB69B08F4609B5B8917FF7C224A2021" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_2AB69B08F4609B5B8917FF7C224A2021_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis_2AB69B08F4609B5B8917FF7C224A2021" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="loc_ifrs-full_GeographicalAreasAxis_2AB69B08F4609B5B8917FF7C224A2021" xlink:type="locator" />
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    <link:label id="lab_cae_TermLoanJanuary2020Member_F020956DF4FCEF465F4022F3C997A8B1_terseLabel_en-US" xlink:label="lab_cae_TermLoanJanuary2020Member_F020956DF4FCEF465F4022F3C997A8B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term Loan, January 2020</link:label>
    <link:label id="lab_cae_TermLoanJanuary2020Member_F020956DF4FCEF465F4022F3C997A8B1_label_en-US" xlink:label="lab_cae_TermLoanJanuary2020Member_F020956DF4FCEF465F4022F3C997A8B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term Loan, January 2020 [Member]</link:label>
    <link:label id="lab_cae_TermLoanJanuary2020Member_F020956DF4FCEF465F4022F3C997A8B1_documentation_en-US" xlink:label="lab_cae_TermLoanJanuary2020Member_F020956DF4FCEF465F4022F3C997A8B1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Term Loan, January 2020 [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_TermLoanJanuary2020Member" xlink:label="loc_cae_TermLoanJanuary2020Member_F020956DF4FCEF465F4022F3C997A8B1" xlink:type="locator" />
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    <link:label id="lab_cae_OtherDebtMarch2024Member_BFB405611A77F14DC1E422F3C99880FC_terseLabel_en-US" xlink:label="lab_cae_OtherDebtMarch2024Member_BFB405611A77F14DC1E422F3C99880FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Debt, March 2024</link:label>
    <link:label id="lab_cae_OtherDebtMarch2024Member_BFB405611A77F14DC1E422F3C99880FC_label_en-US" xlink:label="lab_cae_OtherDebtMarch2024Member_BFB405611A77F14DC1E422F3C99880FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Debt, March 2024 [Member]</link:label>
    <link:label id="lab_cae_OtherDebtMarch2024Member_BFB405611A77F14DC1E422F3C99880FC_documentation_en-US" xlink:label="lab_cae_OtherDebtMarch2024Member_BFB405611A77F14DC1E422F3C99880FC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other Debt, March 2024 [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_OtherDebtMarch2024Member" xlink:label="loc_cae_OtherDebtMarch2024Member_BFB405611A77F14DC1E422F3C99880FC" xlink:type="locator" />
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    <link:label id="lab_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06_terseLabel_en-US" xlink:label="lab_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term Loan, December 2021</link:label>
    <link:label id="lab_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06_label_en-US" xlink:label="lab_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term Loan, December 2021 [Member]</link:label>
    <link:label id="lab_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06_documentation_en-US" xlink:label="lab_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Term Loan, December 2021 [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_TermLoanDecember2021Member" xlink:label="loc_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06" xlink:to="lab_cae_TermLoanDecember2021Member_A0A89380BE46E970033022F3C998FC06" xlink:type="arc" />
    <link:label id="lab_cae_RDProjectTerm_F51446E9D7DCE8D1CCB622F3C99E973F_terseLabel_en-US" xlink:label="lab_cae_RDProjectTerm_F51446E9D7DCE8D1CCB622F3C99E973F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">R&amp;D, project term</link:label>
    <link:label id="lab_cae_RDProjectTerm_F51446E9D7DCE8D1CCB622F3C99E973F_label_en-US" xlink:label="lab_cae_RDProjectTerm_F51446E9D7DCE8D1CCB622F3C99E973F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">R&amp;D, Project Term</link:label>
    <link:label id="lab_cae_RDProjectTerm_F51446E9D7DCE8D1CCB622F3C99E973F_documentation_en-US" xlink:label="lab_cae_RDProjectTerm_F51446E9D7DCE8D1CCB622F3C99E973F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">R&amp;D, Project Term</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_RDProjectTerm" xlink:label="loc_cae_RDProjectTerm_F51446E9D7DCE8D1CCB622F3C99E973F" xlink:type="locator" />
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    <link:label id="lab_cae_BorrowingsAggregateAmountRecognized_FBF8AB4E3139888DCC6822F3C99FCCB1_terseLabel_en-US" xlink:label="lab_cae_BorrowingsAggregateAmountRecognized_FBF8AB4E3139888DCC6822F3C99FCCB1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">R&amp;D obligation, recognized</link:label>
    <link:label id="lab_cae_BorrowingsAggregateAmountRecognized_FBF8AB4E3139888DCC6822F3C99FCCB1_label_en-US" xlink:label="lab_cae_BorrowingsAggregateAmountRecognized_FBF8AB4E3139888DCC6822F3C99FCCB1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Borrowings, Aggregate Amount Recognized</link:label>
    <link:label id="lab_cae_BorrowingsAggregateAmountRecognized_FBF8AB4E3139888DCC6822F3C99FCCB1_documentation_en-US" xlink:label="lab_cae_BorrowingsAggregateAmountRecognized_FBF8AB4E3139888DCC6822F3C99FCCB1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Borrowings, Aggregate Amount Recognized</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_BorrowingsAggregateAmountRecognized" xlink:label="loc_cae_BorrowingsAggregateAmountRecognized_FBF8AB4E3139888DCC6822F3C99FCCB1" xlink:type="locator" />
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    <link:label id="lab_cae_DebtInstrumentBasisSpreadonFloatingInterestRate_F8D885B0AD0BE694868022F3C9A1F3F5_terseLabel_en-US" xlink:label="lab_cae_DebtInstrumentBasisSpreadonFloatingInterestRate_F8D885B0AD0BE694868022F3C9A1F3F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt instrument, basis spread on floating interest rate</link:label>
    <link:label id="lab_cae_DebtInstrumentBasisSpreadonFloatingInterestRate_F8D885B0AD0BE694868022F3C9A1F3F5_label_en-US" xlink:label="lab_cae_DebtInstrumentBasisSpreadonFloatingInterestRate_F8D885B0AD0BE694868022F3C9A1F3F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Floating Interest Rate</link:label>
    <link:label id="lab_cae_DebtInstrumentBasisSpreadonFloatingInterestRate_F8D885B0AD0BE694868022F3C9A1F3F5_documentation_en-US" xlink:label="lab_cae_DebtInstrumentBasisSpreadonFloatingInterestRate_F8D885B0AD0BE694868022F3C9A1F3F5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Debt Instrument, Basis Spread on Floating Interest Rate</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_DebtInstrumentBasisSpreadonFloatingInterestRate" xlink:label="loc_cae_DebtInstrumentBasisSpreadonFloatingInterestRate_F8D885B0AD0BE694868022F3C9A1F3F5" xlink:type="locator" />
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    <link:label id="lab_cae_NotionalAmountRemaining_594242B8A6D41241EEBC22F3C9A25BA2_terseLabel_en-US" xlink:label="lab_cae_NotionalAmountRemaining_594242B8A6D41241EEBC22F3C9A25BA2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notional Amount, remaining</link:label>
    <link:label id="lab_cae_NotionalAmountRemaining_594242B8A6D41241EEBC22F3C9A25BA2_label_en-US" xlink:label="lab_cae_NotionalAmountRemaining_594242B8A6D41241EEBC22F3C9A25BA2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notional Amount, Remaining</link:label>
    <link:label id="lab_cae_NotionalAmountRemaining_594242B8A6D41241EEBC22F3C9A25BA2_documentation_en-US" xlink:label="lab_cae_NotionalAmountRemaining_594242B8A6D41241EEBC22F3C9A25BA2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Notional Amount, Remaining</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_NotionalAmountRemaining" xlink:label="loc_cae_NotionalAmountRemaining_594242B8A6D41241EEBC22F3C9A25BA2" xlink:type="locator" />
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    <link:label id="lab_cae_CouponRatePostSwapDebt_5F9DA6321DD8963532E122F3C9A3A39D_terseLabel_en-US" xlink:label="lab_cae_CouponRatePostSwapDebt_5F9DA6321DD8963532E122F3C9A3A39D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Coupon rate, post swap debt</link:label>
    <link:label id="lab_cae_CouponRatePostSwapDebt_5F9DA6321DD8963532E122F3C9A3A39D_label_en-US" xlink:label="lab_cae_CouponRatePostSwapDebt_5F9DA6321DD8963532E122F3C9A3A39D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Coupon Rate, Post Swap Debt</link:label>
    <link:label id="lab_cae_CouponRatePostSwapDebt_5F9DA6321DD8963532E122F3C9A3A39D_documentation_en-US" xlink:label="lab_cae_CouponRatePostSwapDebt_5F9DA6321DD8963532E122F3C9A3A39D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Coupon Rate, Post Swap Debt</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_CouponRatePostSwapDebt" xlink:label="loc_cae_CouponRatePostSwapDebt_5F9DA6321DD8963532E122F3C9A3A39D" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_DisclosureOfRecognisedRevenueFromConstructionContractsExplanatory_92A12F1515534191331549A8B04ABDB7_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfRecognisedRevenueFromConstructionContractsExplanatory_92A12F1515534191331549A8B04ABDB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CONTRACTS IN PROGRESS</link:label>
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    <link:label id="lab_cae_LongtermDebtGross_0CAFA1CDE910A118930A1D7F7813E037_terseLabel_en-US" xlink:label="lab_cae_LongtermDebtGross_0CAFA1CDE910A118930A1D7F7813E037" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt</link:label>
    <link:label id="lab_cae_LongtermDebtGross_0CAFA1CDE910A118930A1D7F7813E037_label_en-US" xlink:label="lab_cae_LongtermDebtGross_0CAFA1CDE910A118930A1D7F7813E037" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Gross</link:label>
    <link:label id="lab_cae_LongtermDebtGross_0CAFA1CDE910A118930A1D7F7813E037_documentation_en-US" xlink:label="lab_cae_LongtermDebtGross_0CAFA1CDE910A118930A1D7F7813E037" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Long-term Debt, Gross</link:label>
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    <link:label id="lab_ifrs-full_CashAndCashEquivalents_5D4B566A9BE10B7826791D7F7814E240_negatedLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents_5D4B566A9BE10B7826791D7F7814E240" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: cash and cash equivalents</link:label>
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    <link:label id="lab_cae_NonCurrentBorrowingsLessCashandCashEquivalents_D751B4204184CD85A38B1D7F78142107_totalLabel_en-US" xlink:label="lab_cae_NonCurrentBorrowingsLessCashandCashEquivalents_D751B4204184CD85A38B1D7F78142107" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net debt</link:label>
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    <link:label id="lab_ifrs-full_Equity_6D5004434B72D1EC22491D7F7814118C_terseLabel_en-US" xlink:label="lab_ifrs-full_Equity_6D5004434B72D1EC22491D7F7814118C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity</link:label>
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    <link:label id="lab_ifrs-full_FinanceCosts_198810E77E333F3618C9CB12F7A5671C_label_en-US" xlink:label="lab_ifrs-full_FinanceCosts_198810E77E333F3618C9CB12F7A5671C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance costs</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceCosts" xlink:label="loc_ifrs-full_FinanceCosts_198810E77E333F3618C9CB12F7A5671C" xlink:type="locator" />
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    <link:label id="lab_cae_FinanceincomeAbstract_6C91219A9073D490A75CCB12F7A5AF87_label_en-US" xlink:label="lab_cae_FinanceincomeAbstract_6C91219A9073D490A75CCB12F7A5AF87" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income [Abstract]</link:label>
    <link:label id="lab_cae_FinanceincomeAbstract_6C91219A9073D490A75CCB12F7A5AF87_documentation_en-US" xlink:label="lab_cae_FinanceincomeAbstract_6C91219A9073D490A75CCB12F7A5AF87" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income [Abstract]</link:label>
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    <link:label id="lab_cae_FinanceIncomeOnLoansAndFinanceLeaseContracts_42C5F08DD6212BFA9E26CB12F7A5513F_negatedTerseLabel_en-US" xlink:label="lab_cae_FinanceIncomeOnLoansAndFinanceLeaseContracts_42C5F08DD6212BFA9E26CB12F7A5513F" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Loans and finance lease contracts</link:label>
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    <link:label id="lab_ifrs-full_OtherFinanceIncome_AD41543E2016DB3276C6CB12F7A52367_label_en-US" xlink:label="lab_ifrs-full_OtherFinanceIncome_AD41543E2016DB3276C6CB12F7A52367" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other finance income</link:label>
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    <link:label id="lab_ifrs-full_FinanceIncome_2C15ABC39E92553D5EFECB12F7A6BF7E_label_en-US" xlink:label="lab_ifrs-full_FinanceIncome_2C15ABC39E92553D5EFECB12F7A6BF7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceIncome" xlink:label="loc_ifrs-full_FinanceIncome_2C15ABC39E92553D5EFECB12F7A6BF7E" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_FinanceIncomeCost" xlink:label="loc_ifrs-full_FinanceIncomeCost_B2F14BF7EA92EFDAFB29CB12F7A68AA8" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_22CFA8CFBF82D11A554FCB12F7A6763D_terseLabel_en-US" xlink:label="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_22CFA8CFBF82D11A554FCB12F7A6763D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Capitalisation rate of borrowing costs eligible for capitalisation</link:label>
    <link:label id="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_22CFA8CFBF82D11A554FCB12F7A6763D_label_en-US" xlink:label="lab_ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_22CFA8CFBF82D11A554FCB12F7A6763D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capitalisation rate of borrowing costs eligible for capitalisation</link:label>
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    <link:label id="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_7B28B30A91C0BE14F511BBBFC9ABAFF3_terseLabel_en-US" xlink:label="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_7B28B30A91C0BE14F511BBBFC9ABAFF3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:label id="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_7B28B30A91C0BE14F511BBBFC9ABAFF3_label_en-US" xlink:label="lab_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_7B28B30A91C0BE14F511BBBFC9ABAFF3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:label="loc_ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_7B28B30A91C0BE14F511BBBFC9ABAFF3" xlink:type="locator" />
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    <link:label id="lab_cae_RestructuringIntegrationAndAcquisitionCosts_ACC3C3E9169F7A8467BAFF7C1FC4EBB9_negatedTerseLabel_en-US" xlink:label="lab_cae_RestructuringIntegrationAndAcquisitionCosts_ACC3C3E9169F7A8467BAFF7C1FC4EBB9" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Restructuring, integration and acquisition costs</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_RestructuringIntegrationAndAcquisitionCosts" xlink:label="loc_cae_RestructuringIntegrationAndAcquisitionCosts_ACC3C3E9169F7A8467BAFF7C1FC4EBB9" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_7B505CBF21B8B98B4594F93AA71EAD2F_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory_7B505CBF21B8B98B4594F93AA71EAD2F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:label>
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    <link:label id="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_3D4BD2F29E2B004DCDDB4E769DB05CF0_verboseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_3D4BD2F29E2B004DCDDB4E769DB05CF0" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">EMPLOYEE COMPENSATION</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_3D4BD2F29E2B004DCDDB4E769DB05CF0_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfEmployeeBenefitsExplanatory_3D4BD2F29E2B004DCDDB4E769DB05CF0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of employee benefits [text block]</link:label>
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    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_103C7255A7CABC048C0E67C29D076678_verboseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_103C7255A7CABC048C0E67C29D076678" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable (Note 4)</link:label>
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_103C7255A7CABC048C0E67C29D076678_label_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_103C7255A7CABC048C0E67C29D076678" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current receivables due from related parties</link:label>
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    <link:label id="lab_cae_Contractsinprogressassetsrelatedpartytransactions_1B66603623900F06E18667DD25656794_terseLabel_en-US" xlink:label="lab_cae_Contractsinprogressassetsrelatedpartytransactions_1B66603623900F06E18667DD25656794" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contracts in progress: assets</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_Contractsinprogressassetsrelatedpartytransactions" xlink:label="loc_cae_Contractsinprogressassetsrelatedpartytransactions_1B66603623900F06E18667DD25656794" xlink:type="locator" />
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    <link:label id="lab_cae_Otherassetsrelatedpartytransactions_AFB7C3E1AA57E2D812DC67DB95C97C23_terseLabel_en-US" xlink:label="lab_cae_Otherassetsrelatedpartytransactions_AFB7C3E1AA57E2D812DC67DB95C97C23" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other assets</link:label>
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    <link:label id="lab_cae_Otherassetsrelatedpartytransactions_AFB7C3E1AA57E2D812DC67DB95C97C23_documentation_en-US" xlink:label="lab_cae_Otherassetsrelatedpartytransactions_AFB7C3E1AA57E2D812DC67DB95C97C23" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other assets, related party transactions</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_Otherassetsrelatedpartytransactions" xlink:label="loc_cae_Otherassetsrelatedpartytransactions_AFB7C3E1AA57E2D812DC67DB95C97C23" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable" xlink:label="loc_ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsTable_068229D7FFBEEDB3989F19767EB683DE" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_4353EBA244AFE45E4B5F19767EBFB0A3_label_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_4353EBA244AFE45E4B5F19767EBFB0A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [axis]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis" xlink:label="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsAxis_4353EBA244AFE45E4B5F19767EBFB0A3" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_3A51AB866ADE62030ECF19767EC0C3DD_terseLabel_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_3A51AB866ADE62030ECF19767EC0C3DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [member]</link:label>
    <link:label id="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_3A51AB866ADE62030ECF19767EC0C3DD_label_en-US" xlink:label="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_3A51AB866ADE62030ECF19767EC0C3DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ranges of exercise prices for outstanding share options [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember" xlink:label="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_3A51AB866ADE62030ECF19767EC0C3DD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_3A51AB866ADE62030ECF19767EC0C3DD" xlink:to="lab_ifrs-full_RangesOfExercisePricesForOutstandingShareOptionsMember_3A51AB866ADE62030ECF19767EC0C3DD" xlink:type="arc" />
    <link:label id="lab_cae_ExercisePriceRangeOneMember_2F7C55A940FF597EB18D19767EC005BE_terseLabel_en-US" xlink:label="lab_cae_ExercisePriceRangeOneMember_2F7C55A940FF597EB18D19767EC005BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$9.60 to $11.02</link:label>
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    <link:label id="lab_cae_ExercisePriceRangeOneMember_2F7C55A940FF597EB18D19767EC005BE_documentation_en-US" xlink:label="lab_cae_ExercisePriceRangeOneMember_2F7C55A940FF597EB18D19767EC005BE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range One [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_ExercisePriceRangeOneMember" xlink:label="loc_cae_ExercisePriceRangeOneMember_2F7C55A940FF597EB18D19767EC005BE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ExercisePriceRangeOneMember_2F7C55A940FF597EB18D19767EC005BE" xlink:to="lab_cae_ExercisePriceRangeOneMember_2F7C55A940FF597EB18D19767EC005BE" xlink:type="arc" />
    <link:label id="lab_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23_terseLabel_en-US" xlink:label="lab_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$12.65 to $14.66</link:label>
    <link:label id="lab_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23_label_en-US" xlink:label="lab_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:label id="lab_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23_documentation_en-US" xlink:label="lab_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Two [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_ExercisePriceRangeTwoMember" xlink:label="loc_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23" xlink:to="lab_cae_ExercisePriceRangeTwoMember_53163A7474804B3364FE19767EC1FC23" xlink:type="arc" />
    <link:label id="lab_cae_ExercisePriceRangeThreeMember_8A2E8F054160FC22376919767EC13CAD_terseLabel_en-US" xlink:label="lab_cae_ExercisePriceRangeThreeMember_8A2E8F054160FC22376919767EC13CAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">$15.00 to $16.15</link:label>
    <link:label id="lab_cae_ExercisePriceRangeThreeMember_8A2E8F054160FC22376919767EC13CAD_label_en-US" xlink:label="lab_cae_ExercisePriceRangeThreeMember_8A2E8F054160FC22376919767EC13CAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
    <link:label id="lab_cae_ExercisePriceRangeThreeMember_8A2E8F054160FC22376919767EC13CAD_documentation_en-US" xlink:label="lab_cae_ExercisePriceRangeThreeMember_8A2E8F054160FC22376919767EC13CAD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exercise Price Range Three [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_ExercisePriceRangeThreeMember" xlink:label="loc_cae_ExercisePriceRangeThreeMember_8A2E8F054160FC22376919767EC13CAD" xlink:type="locator" />
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    <link:loc xlink:href="cae-20180331.xsd#cae_ExercisePriceRangeFourMember" xlink:label="loc_cae_ExercisePriceRangeFourMember_D8AE5F67C8526142E3EB19767EC217D3" xlink:type="locator" />
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    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentMember_8C2AAD07E5CC5D1284F9B285CED99717" xlink:to="lab_ifrs-full_CurrentMember_8C2AAD07E5CC5D1284F9B285CED99717" xlink:type="arc" />
    <link:label id="lab_ifrs-full_NotLaterThanOneMonthMember_CC079A2059AFE613D7AEB285CEDA3351_terseLabel_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneMonthMember_CC079A2059AFE613D7AEB285CEDA3351" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">1-30 days</link:label>
    <link:label id="lab_ifrs-full_NotLaterThanOneMonthMember_CC079A2059AFE613D7AEB285CEDA3351_label_en-US" xlink:label="lab_ifrs-full_NotLaterThanOneMonthMember_CC079A2059AFE613D7AEB285CEDA3351" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Not later than one month [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_NotLaterThanOneMonthMember" xlink:label="loc_ifrs-full_NotLaterThanOneMonthMember_CC079A2059AFE613D7AEB285CEDA3351" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NotLaterThanOneMonthMember_CC079A2059AFE613D7AEB285CEDA3351" xlink:to="lab_ifrs-full_NotLaterThanOneMonthMember_CC079A2059AFE613D7AEB285CEDA3351" xlink:type="arc" />
    <link:label id="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_D033EEC47E50F733870CB285CEDADF34_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_D033EEC47E50F733870CB285CEDADF34" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">31-60 days</link:label>
    <link:label id="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_D033EEC47E50F733870CB285CEDADF34_label_en-US" xlink:label="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_D033EEC47E50F733870CB285CEDADF34" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than one month and not later than two months [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:label="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_D033EEC47E50F733870CB285CEDADF34" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_D033EEC47E50F733870CB285CEDADF34" xlink:to="lab_ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_D033EEC47E50F733870CB285CEDADF34" xlink:type="arc" />
    <link:label id="lab_ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_0DD3CBADCE6967CE1A63B285CEDA2DE3_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_0DD3CBADCE6967CE1A63B285CEDA2DE3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">61-90 days</link:label>
    <link:label id="lab_ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_0DD3CBADCE6967CE1A63B285CEDA2DE3_label_en-US" xlink:label="lab_ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_0DD3CBADCE6967CE1A63B285CEDA2DE3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than two months and not later than three months [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" xlink:label="loc_ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_0DD3CBADCE6967CE1A63B285CEDA2DE3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_0DD3CBADCE6967CE1A63B285CEDA2DE3" xlink:to="lab_ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_0DD3CBADCE6967CE1A63B285CEDA2DE3" xlink:type="arc" />
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsMember_3EF0F9D932151FD2E18AB285CEDAD3A2_terseLabel_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember_3EF0F9D932151FD2E18AB285CEDAD3A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Greater than 90 days</link:label>
    <link:label id="lab_ifrs-full_LaterThanThreeMonthsMember_3EF0F9D932151FD2E18AB285CEDAD3A2_label_en-US" xlink:label="lab_ifrs-full_LaterThanThreeMonthsMember_3EF0F9D932151FD2E18AB285CEDAD3A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Later than three months [member]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_LaterThanThreeMonthsMember" xlink:label="loc_ifrs-full_LaterThanThreeMonthsMember_3EF0F9D932151FD2E18AB285CEDAD3A2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LaterThanThreeMonthsMember_3EF0F9D932151FD2E18AB285CEDAD3A2" xlink:to="lab_ifrs-full_LaterThanThreeMonthsMember_3EF0F9D932151FD2E18AB285CEDAD3A2" xlink:type="arc" />
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_C70B372B7DD5AEB61E64B285CEDA6130_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_C70B372B7DD5AEB61E64B285CEDA6130" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:label id="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_C70B372B7DD5AEB61E64B285CEDA6130_label_en-US" xlink:label="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_C70B372B7DD5AEB61E64B285CEDA6130" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:label="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems_C70B372B7DD5AEB61E64B285CEDA6130" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DisclosureOfFinancialAssetsLineItems_C70B372B7DD5AEB61E64B285CEDA6130" xlink:to="lab_ifrs-full_DisclosureOfFinancialAssetsLineItems_C70B372B7DD5AEB61E64B285CEDA6130" xlink:type="arc" />
    <link:label id="lab_ifrs-full_CurrentTradeReceivables_1D3574A5C423D05C29C6B285CEDA0CD5_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentTradeReceivables_1D3574A5C423D05C29C6B285CEDA0CD5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable</link:label>
    <link:label id="lab_ifrs-full_CurrentTradeReceivables_1D3574A5C423D05C29C6B285CEDA0CD5_label_en-US" xlink:label="lab_ifrs-full_CurrentTradeReceivables_1D3574A5C423D05C29C6B285CEDA0CD5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current trade receivables</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentTradeReceivables" xlink:label="loc_ifrs-full_CurrentTradeReceivables_1D3574A5C423D05C29C6B285CEDA0CD5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentTradeReceivables_1D3574A5C423D05C29C6B285CEDA0CD5" xlink:to="lab_ifrs-full_CurrentTradeReceivables_1D3574A5C423D05C29C6B285CEDA0CD5" xlink:type="arc" />
    <link:label id="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_DC8E79402EC33478FEB7B285CEDA4DD3_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_DC8E79402EC33478FEB7B285CEDA4DD3" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Allowance for doubtful accounts</link:label>
    <link:label id="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_DC8E79402EC33478FEB7B285CEDA4DD3_label_en-US" xlink:label="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_DC8E79402EC33478FEB7B285CEDA4DD3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Allowance account for credit losses of financial assets</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="loc_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_DC8E79402EC33478FEB7B285CEDA4DD3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_DC8E79402EC33478FEB7B285CEDA4DD3" xlink:to="lab_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_DC8E79402EC33478FEB7B285CEDA4DD3" xlink:type="arc" />
    <link:label id="lab_ifrs-full_CurrentAccruedIncome_CF2B8012A003BA34617FB285CEDA38F6_terseLabel_en-US" xlink:label="lab_ifrs-full_CurrentAccruedIncome_CF2B8012A003BA34617FB285CEDA38F6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued receivables</link:label>
    <link:label id="lab_ifrs-full_CurrentAccruedIncome_CF2B8012A003BA34617FB285CEDA38F6_label_en-US" xlink:label="lab_ifrs-full_CurrentAccruedIncome_CF2B8012A003BA34617FB285CEDA38F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current accrued income</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CurrentAccruedIncome" xlink:label="loc_ifrs-full_CurrentAccruedIncome_CF2B8012A003BA34617FB285CEDA38F6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAccruedIncome_CF2B8012A003BA34617FB285CEDA38F6" xlink:to="lab_ifrs-full_CurrentAccruedIncome_CF2B8012A003BA34617FB285CEDA38F6" xlink:type="arc" />
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_0E9E2B2B9D9B59CABB4AB285CEDAADA4_terseLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_0E9E2B2B9D9B59CABB4AB285CEDAADA4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Receivables from related parties (Note 32)</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_0E9E2B2B9D9B59CABB4AB285CEDAADA4" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_0E9E2B2B9D9B59CABB4AB285CEDAADA4" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivablesDueFromRelatedParties_0E9E2B2B9D9B59CABB4AB285CEDAADA4" xlink:type="arc" />
    <link:label id="lab_ifrs-full_OtherCurrentReceivables_5184E320554EF7066890B285CEDAC2E6_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherCurrentReceivables_5184E320554EF7066890B285CEDAC2E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other receivables</link:label>
    <link:label id="lab_ifrs-full_OtherCurrentReceivables_5184E320554EF7066890B285CEDAC2E6_label_en-US" xlink:label="lab_ifrs-full_OtherCurrentReceivables_5184E320554EF7066890B285CEDAC2E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other current receivables</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherCurrentReceivables" xlink:label="loc_ifrs-full_OtherCurrentReceivables_5184E320554EF7066890B285CEDAC2E6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherCurrentReceivables_5184E320554EF7066890B285CEDAC2E6" xlink:to="lab_ifrs-full_OtherCurrentReceivables_5184E320554EF7066890B285CEDAC2E6" xlink:type="arc" />
    <link:label id="lab_ifrs-full_TradeAndOtherCurrentReceivables_2111DB5866511ADD491CB285CEDA75B6_totalLabel_en-US" xlink:label="lab_ifrs-full_TradeAndOtherCurrentReceivables_2111DB5866511ADD491CB285CEDA75B6" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total accounts receivable</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_TradeAndOtherCurrentReceivables" xlink:label="loc_ifrs-full_TradeAndOtherCurrentReceivables_2111DB5866511ADD491CB285CEDA75B6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_TradeAndOtherCurrentReceivables_2111DB5866511ADD491CB285CEDA75B6" xlink:to="lab_ifrs-full_TradeAndOtherCurrentReceivables_2111DB5866511ADD491CB285CEDA75B6" xlink:type="arc" />
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_3D129C5CA07ABE2AF62BB285CEDAD9B1_terseLabel_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_3D129C5CA07ABE2AF62BB285CEDAD9B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of changes in allowance account for credit losses of financial assets [abstract]</link:label>
    <link:label id="lab_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_3D129C5CA07ABE2AF62BB285CEDAD9B1_label_en-US" xlink:label="lab_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_3D129C5CA07ABE2AF62BB285CEDAD9B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of changes in allowance account for credit losses of financial assets [abstract]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xlink:label="loc_ifrs-full_ReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_3D129C5CA07ABE2AF62BB285CEDAD9B1" xlink:type="locator" />
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="loc_ifrs-full_AllowanceAccountForCreditLossesOfFinancialAssets_A119A70DD2C06C64028DB285CEDABC46" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_ChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_7CCEF562EC48F06834A2B285CEDA4D0E_terseLabel_en-US" xlink:label="lab_ifrs-full_ChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_7CCEF562EC48F06834A2B285CEDA4D0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Changes in allowance account for credit losses of financial assets [abstract]</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract" xlink:label="loc_ifrs-full_ChangesInAllowanceAccountForCreditLossesOfFinancialAssetsAbstract_7CCEF562EC48F06834A2B285CEDA4D0E" xlink:type="locator" />
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    <link:loc xlink:href="cae-20180331.xsd#cae_AdjustmentsForDecreaseIncreaseToAccountsPayableAndAccruedLiabilities" xlink:label="loc_cae_AdjustmentsForDecreaseIncreaseToAccountsPayableAndAccruedLiabilities_7842223BF762528CD3F2F94E7B70C604" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_AdjustmentsForProvisions_3C93541C3D0077DCAAEFF94E7B708F93_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForProvisions_3C93541C3D0077DCAAEFF94E7B708F93" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Provisions</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForProvisions_3C93541C3D0077DCAAEFF94E7B708F93_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForProvisions_3C93541C3D0077DCAAEFF94E7B708F93" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for provisions</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForProvisions" xlink:label="loc_ifrs-full_AdjustmentsForProvisions_3C93541C3D0077DCAAEFF94E7B708F93" xlink:type="locator" />
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    <link:label id="lab_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A_terseLabel_en-US" xlink:label="lab_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income taxes payable</link:label>
    <link:label id="lab_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A_label_en-US" xlink:label="lab_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Decrease (Increase) To Income Taxes Payable</link:label>
    <link:label id="lab_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A_documentation_en-US" xlink:label="lab_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) To Income Taxes Payable</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable" xlink:label="loc_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A" xlink:to="lab_cae_AdjustmentsForDecreaseIncreaseToIncomeTaxesPayable_C05E1254F24C8F98F307F94E7B70AB2A" xlink:type="arc" />
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome_531EF0B822110EA20D8DF94E7B70F1D1_terseLabel_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome_531EF0B822110EA20D8DF94E7B70F1D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Deferred revenue</link:label>
    <link:label id="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome_531EF0B822110EA20D8DF94E7B70F1D1_label_en-US" xlink:label="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome_531EF0B822110EA20D8DF94E7B70F1D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments for increase (decrease) in deferred income</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome" xlink:label="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome_531EF0B822110EA20D8DF94E7B70F1D1" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome_531EF0B822110EA20D8DF94E7B70F1D1" xlink:to="lab_ifrs-full_AdjustmentsForIncreaseDecreaseInDeferredIncome_531EF0B822110EA20D8DF94E7B70F1D1" xlink:type="arc" />
    <link:label id="lab_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A_terseLabel_en-US" xlink:label="lab_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contracts in progress: liabilities</link:label>
    <link:label id="lab_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A_label_en-US" xlink:label="lab_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) Due To Customers For Contract Work As Liability</link:label>
    <link:label id="lab_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A_documentation_en-US" xlink:label="lab_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments For Increase (Decrease) Due To Customers For Contract Work As Liability</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability" xlink:label="loc_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A" xlink:to="lab_cae_AdjustmentsForIncreaseDecreaseDueToCustomersForContractWorkAsLiability_B32FCACBE816326ECDC1F94E7B707B9A" xlink:type="arc" />
    <link:label id="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_DDD2B20316B028179089F94E7B76786E_negatedTotalLabel_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_DDD2B20316B028179089F94E7B76786E" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Changes in non-cash working capital</link:label>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_DDD2B20316B028179089F94E7B76786E_label_en-US" xlink:label="lab_ifrs-full_IncreaseDecreaseInWorkingCapital_DDD2B20316B028179089F94E7B76786E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Increase (decrease) in working capital</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_IncreaseDecreaseInWorkingCapital" xlink:label="loc_ifrs-full_IncreaseDecreaseInWorkingCapital_DDD2B20316B028179089F94E7B76786E" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions_1A967FDE19318E3EE0F567C2ADCB2A54_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions_1A967FDE19318E3EE0F567C2ADCB2A54" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue</link:label>
    <link:label id="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions_1A967FDE19318E3EE0F567C2ADCB2A54_label_en-US" xlink:label="lab_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions_1A967FDE19318E3EE0F567C2ADCB2A54" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue from sale of goods, related party transactions</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions" xlink:label="loc_ifrs-full_RevenueFromSaleOfGoodsRelatedPartyTransactions_1A967FDE19318E3EE0F567C2ADCB2A54" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_E9F61E00E3C16EF8399867C2ADCD1CDD_terseLabel_en-US" xlink:label="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_E9F61E00E3C16EF8399867C2ADCD1CDD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Purchases</link:label>
    <link:label id="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_E9F61E00E3C16EF8399867C2ADCD1CDD_label_en-US" xlink:label="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_E9F61E00E3C16EF8399867C2ADCD1CDD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Purchases of goods, related party transactions</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PurchasesOfGoodsRelatedPartyTransactions" xlink:label="loc_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_E9F61E00E3C16EF8399867C2ADCD1CDD" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_E9F61E00E3C16EF8399867C2ADCD1CDD" xlink:to="lab_ifrs-full_PurchasesOfGoodsRelatedPartyTransactions_E9F61E00E3C16EF8399867C2ADCD1CDD" xlink:type="arc" />
    <link:label id="lab_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7_terseLabel_en-US" xlink:label="lab_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other income</link:label>
    <link:label id="lab_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7_label_en-US" xlink:label="lab_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other income, related party transactions</link:label>
    <link:label id="lab_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7_documentation_en-US" xlink:label="lab_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other income, related party transactions</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_Otherincomerelatedpartytransactions" xlink:label="loc_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7" xlink:to="lab_cae_Otherincomerelatedpartytransactions_5B97B5375391DD43E55D67C2ADCD8ED7" xlink:type="arc" />
    <link:label id="lab_ifrs-full_GrossInvestmentInFinanceLease_FC8EAA666F253A22D3D049BE5403FB08_totalLabel_en-US" xlink:label="lab_ifrs-full_GrossInvestmentInFinanceLease_FC8EAA666F253A22D3D049BE5403FB08" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Gross investment in finance lease contracts</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_GrossInvestmentInFinanceLease" xlink:label="loc_ifrs-full_GrossInvestmentInFinanceLease_FC8EAA666F253A22D3D049BE5403FB08" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_UnearnedFinanceIncomeOnFinanceLease_1CC5E238DCE453E7FBFD49BE540621EE_verboseLabel_en-US" xlink:label="lab_ifrs-full_UnearnedFinanceIncomeOnFinanceLease_1CC5E238DCE453E7FBFD49BE540621EE" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Less: unearned finance income</link:label>
    <link:label id="lab_ifrs-full_UnearnedFinanceIncomeOnFinanceLease_1CC5E238DCE453E7FBFD49BE540621EE_label_en-US" xlink:label="lab_ifrs-full_UnearnedFinanceIncomeOnFinanceLease_1CC5E238DCE453E7FBFD49BE540621EE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unearned finance income on finance lease</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_UnearnedFinanceIncomeOnFinanceLease" xlink:label="loc_ifrs-full_UnearnedFinanceIncomeOnFinanceLease_1CC5E238DCE453E7FBFD49BE540621EE" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_UnearnedFinanceIncomeOnFinanceLease_1CC5E238DCE453E7FBFD49BE540621EE" xlink:to="lab_ifrs-full_UnearnedFinanceIncomeOnFinanceLease_1CC5E238DCE453E7FBFD49BE540621EE" xlink:type="arc" />
    <link:label id="lab_ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_32459A8F2C62BAB8825B49BE54088B38_verboseLabel_en-US" xlink:label="lab_ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_32459A8F2C62BAB8825B49BE54088B38" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Less: discounted unguaranteed residual values of leased assets</link:label>
    <link:label id="lab_ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_32459A8F2C62BAB8825B49BE54088B38_label_en-US" xlink:label="lab_ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_32459A8F2C62BAB8825B49BE54088B38" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Discounted unguaranteed residual value of assets subject to finance lease</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease" xlink:label="loc_ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_32459A8F2C62BAB8825B49BE54088B38" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_B48A6E417EABB7E4009C6D2266B305D8_terseLabel_en-US" xlink:label="lab_ifrs-full_DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory_B48A6E417EABB7E4009C6D2266B305D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Disclosure of reconciliation of changes in intangible assets and goodwill</link:label>
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    <link:label id="lab_ifrs-full_Borrowings_439E3AEF80555FC81C1922F3C9CE6145_totalLabel_en-US" xlink:label="lab_ifrs-full_Borrowings_439E3AEF80555FC81C1922F3C9CE6145" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Debt</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_Borrowings" xlink:label="loc_ifrs-full_Borrowings_439E3AEF80555FC81C1922F3C9CE6145" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Borrowings_439E3AEF80555FC81C1922F3C9CE6145" xlink:to="lab_ifrs-full_Borrowings_439E3AEF80555FC81C1922F3C9CE6145" xlink:type="arc" />
    <link:label id="lab_cae_LongtermDebtCurrentPortionExcludingCurrentPortionofFinanceLeases_61727A50BA83BA4EF9DB22F3C9CE0221_negatedTerseLabel_en-US" xlink:label="lab_cae_LongtermDebtCurrentPortionExcludingCurrentPortionofFinanceLeases_61727A50BA83BA4EF9DB22F3C9CE0221" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: current portion of long-term debt</link:label>
    <link:label id="lab_cae_LongtermDebtCurrentPortionExcludingCurrentPortionofFinanceLeases_61727A50BA83BA4EF9DB22F3C9CE0221_label_en-US" xlink:label="lab_cae_LongtermDebtCurrentPortionExcludingCurrentPortionofFinanceLeases_61727A50BA83BA4EF9DB22F3C9CE0221" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term Debt, Current Portion, Excluding Current Portion of Finance Leases</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_612BA0E05D75228E0C34B698AA049435_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_612BA0E05D75228E0C34B698AA049435" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Functional currency</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_9DABA023151FC83CEA89B698AA0493AF_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_9DABA023151FC83CEA89B698AA0493AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Subsidiaries</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures_E35395E78111EFE85933B698AA0414FB_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForInvestmentsInJointVentures_E35395E78111EFE85933B698AA0414FB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Joint arrangements</link:label>
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    <link:label id="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_FF6D2EC41EC795F0C819B698AA046882_terseLabel_en-US" xlink:label="lab_ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory_FF6D2EC41EC795F0C819B698AA046882" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business combinations</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_OtherAsianCountriesMember" xlink:label="loc_cae_OtherAsianCountriesMember_19D5F0EB568D428B5DE59C9D29538B8B" xlink:type="locator" />
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    <link:loc xlink:href="cae-20180331.xsd#cae_OtherCountriesMember" xlink:label="loc_cae_OtherCountriesMember_E3B9ECE70DA3407E46DB9C9D2953586F" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_EquityAttributableToOwnersOfParent_5C24EF08B35CEB48502EFBCFFD8D6E93_terseLabel_en-US" xlink:label="lab_ifrs-full_EquityAttributableToOwnersOfParent_5C24EF08B35CEB48502EFBCFFD8D6E93" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity attributable to owners of parent</link:label>
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    <link:label id="lab_cae_TSRQuartileAxis_040A4EC5F6CDC7A00D33D0AE143BE1F1_terseLabel_en-US" xlink:label="lab_cae_TSRQuartileAxis_040A4EC5F6CDC7A00D33D0AE143BE1F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TSR Quartile [Axis]</link:label>
    <link:label id="lab_cae_TSRQuartileAxis_040A4EC5F6CDC7A00D33D0AE143BE1F1_label_en-US" xlink:label="lab_cae_TSRQuartileAxis_040A4EC5F6CDC7A00D33D0AE143BE1F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TSR Quartile [Axis]</link:label>
    <link:label id="lab_cae_TSRQuartileAxis_040A4EC5F6CDC7A00D33D0AE143BE1F1_documentation_en-US" xlink:label="lab_cae_TSRQuartileAxis_040A4EC5F6CDC7A00D33D0AE143BE1F1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">TSR Quartile [Axis]</link:label>
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    <link:label id="lab_cae_TSRQuartileDomain_A19365D4FBE2706B49E2D0AE143C9F14_terseLabel_en-US" xlink:label="lab_cae_TSRQuartileDomain_A19365D4FBE2706B49E2D0AE143C9F14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">TSR Quartile [Domain]</link:label>
    <link:label id="lab_cae_TSRQuartileDomain_A19365D4FBE2706B49E2D0AE143C9F14_label_en-US" xlink:label="lab_cae_TSRQuartileDomain_A19365D4FBE2706B49E2D0AE143C9F14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TSR Quartile [Domain]</link:label>
    <link:label id="lab_cae_TSRQuartileDomain_A19365D4FBE2706B49E2D0AE143C9F14_documentation_en-US" xlink:label="lab_cae_TSRQuartileDomain_A19365D4FBE2706B49E2D0AE143C9F14" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">[Domain] for TSR Quartile [Axis]</link:label>
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    <link:label id="lab_cae_FirstQuartileMember_1AD153EA6FBF26FAE250D0AE143C018B_terseLabel_en-US" xlink:label="lab_cae_FirstQuartileMember_1AD153EA6FBF26FAE250D0AE143C018B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">First Quartile</link:label>
    <link:label id="lab_cae_FirstQuartileMember_1AD153EA6FBF26FAE250D0AE143C018B_label_en-US" xlink:label="lab_cae_FirstQuartileMember_1AD153EA6FBF26FAE250D0AE143C018B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Quartile [Member]</link:label>
    <link:label id="lab_cae_FirstQuartileMember_1AD153EA6FBF26FAE250D0AE143C018B_documentation_en-US" xlink:label="lab_cae_FirstQuartileMember_1AD153EA6FBF26FAE250D0AE143C018B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">First Quartile [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_FirstQuartileMember" xlink:label="loc_cae_FirstQuartileMember_1AD153EA6FBF26FAE250D0AE143C018B" xlink:type="locator" />
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    <link:label id="lab_cae_TwoQuartileMember_AF7DFF3001EFD31D7D24D0AE143C41F4_terseLabel_en-US" xlink:label="lab_cae_TwoQuartileMember_AF7DFF3001EFD31D7D24D0AE143C41F4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Two Quartile</link:label>
    <link:label id="lab_cae_TwoQuartileMember_AF7DFF3001EFD31D7D24D0AE143C41F4_label_en-US" xlink:label="lab_cae_TwoQuartileMember_AF7DFF3001EFD31D7D24D0AE143C41F4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Two Quartile [Member]</link:label>
    <link:label id="lab_cae_TwoQuartileMember_AF7DFF3001EFD31D7D24D0AE143C41F4_documentation_en-US" xlink:label="lab_cae_TwoQuartileMember_AF7DFF3001EFD31D7D24D0AE143C41F4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two Quartile [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_TwoQuartileMember" xlink:label="loc_cae_TwoQuartileMember_AF7DFF3001EFD31D7D24D0AE143C41F4" xlink:type="locator" />
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    <link:label id="lab_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E_terseLabel_en-US" xlink:label="lab_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Three Quartile</link:label>
    <link:label id="lab_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E_label_en-US" xlink:label="lab_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three Quartile [Member]</link:label>
    <link:label id="lab_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E_documentation_en-US" xlink:label="lab_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Three Quartile [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_ThreeQuartileMember" xlink:label="loc_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E" xlink:to="lab_cae_ThreeQuartileMember_5C2EC57D30F6BCF2DB1DD0AE143C267E" xlink:type="arc" />
    <link:label id="lab_cae_FourthQuartileMember_DA0F4DD2F9B693D815D0D0AE143C0258_terseLabel_en-US" xlink:label="lab_cae_FourthQuartileMember_DA0F4DD2F9B693D815D0D0AE143C0258" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fourth Quartile</link:label>
    <link:label id="lab_cae_FourthQuartileMember_DA0F4DD2F9B693D815D0D0AE143C0258_label_en-US" xlink:label="lab_cae_FourthQuartileMember_DA0F4DD2F9B693D815D0D0AE143C0258" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fourth Quartile [Member]</link:label>
    <link:label id="lab_cae_FourthQuartileMember_DA0F4DD2F9B693D815D0D0AE143C0258_documentation_en-US" xlink:label="lab_cae_FourthQuartileMember_DA0F4DD2F9B693D815D0D0AE143C0258" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fourth Quartile [Member]</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_FourthQuartileMember" xlink:label="loc_cae_FourthQuartileMember_DA0F4DD2F9B693D815D0D0AE143C0258" xlink:type="locator" />
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    <link:label id="lab_cae_TSRPercentilePercentage_BF11478103CC76E06D03D0AE143C177D_terseLabel_en-US" xlink:label="lab_cae_TSRPercentilePercentage_BF11478103CC76E06D03D0AE143C177D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentile percentage</link:label>
    <link:label id="lab_cae_TSRPercentilePercentage_BF11478103CC76E06D03D0AE143C177D_label_en-US" xlink:label="lab_cae_TSRPercentilePercentage_BF11478103CC76E06D03D0AE143C177D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TSR Percentile Percentage</link:label>
    <link:label id="lab_cae_TSRPercentilePercentage_BF11478103CC76E06D03D0AE143C177D_documentation_en-US" xlink:label="lab_cae_TSRPercentilePercentage_BF11478103CC76E06D03D0AE143C177D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">TSR Percentile Percentage</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_TSRPercentilePercentage" xlink:label="loc_cae_TSRPercentilePercentage_BF11478103CC76E06D03D0AE143C177D" xlink:type="locator" />
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    <link:label id="lab_cae_TSRFactorPercentage_51613B19BF82DB536926D0AE143CFAB3_terseLabel_en-US" xlink:label="lab_cae_TSRFactorPercentage_51613B19BF82DB536926D0AE143CFAB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Factor percentage</link:label>
    <link:label id="lab_cae_TSRFactorPercentage_51613B19BF82DB536926D0AE143CFAB3_label_en-US" xlink:label="lab_cae_TSRFactorPercentage_51613B19BF82DB536926D0AE143CFAB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">TSR Factor Percentage</link:label>
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    <link:loc xlink:href="cae-20180331.xsd#cae_TSRFactorPercentage" xlink:label="loc_cae_TSRFactorPercentage_51613B19BF82DB536926D0AE143CFAB3" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_EFDCFCD659DFA599868367C5DECB810A_terseLabel_en-US" xlink:label="lab_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_EFDCFCD659DFA599868367C5DECB810A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Salaries and other short-term employee benefits</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:label="loc_ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_EFDCFCD659DFA599868367C5DECB810A" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_StatementOfCashFlowsAbstract_A952E3E54F3D1236FBE323E87B188785_label_en-US" xlink:label="lab_ifrs-full_StatementOfCashFlowsAbstract_A952E3E54F3D1236FBE323E87B188785" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_FB6AD043A14DBF8D2FC923E87B2148A3_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_FB6AD043A14DBF8D2FC923E87B2148A3" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in investing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_FB6AD043A14DBF8D2FC923E87B2148A3_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_FB6AD043A14DBF8D2FC923E87B2148A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_FB6AD043A14DBF8D2FC923E87B2148A3" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities_FB6AD043A14DBF8D2FC923E87B2148A3" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_FB6AD043A14DBF8D2FC923E87B2148A3" xlink:type="arc" />
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_90CEE2647DFA18AB0E5A23E87B22DF60_terseLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_90CEE2647DFA18AB0E5A23E87B22DF60" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_90CEE2647DFA18AB0E5A23E87B22DF60_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_90CEE2647DFA18AB0E5A23E87B22DF60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_90CEE2647DFA18AB0E5A23E87B22DF60" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_31A382C4F547099EFA6323E87B226741_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_31A382C4F547099EFA6323E87B226741" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from borrowing under revolving unsecured credit facilities</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_31A382C4F547099EFA6323E87B226741_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_31A382C4F547099EFA6323E87B226741" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from borrowings, classified as financing activities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_31A382C4F547099EFA6323E87B226741" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_31A382C4F547099EFA6323E87B226741" xlink:to="lab_ifrs-full_ProceedsFromBorrowingsClassifiedAsFinancingActivities_31A382C4F547099EFA6323E87B226741" xlink:type="arc" />
    <link:label id="lab_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_54C00C5D3D005224950F23E87B23B736_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_54C00C5D3D005224950F23E87B23B736" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of borrowing under revolving unsecured credit facilities</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_54C00C5D3D005224950F23E87B23B736_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_54C00C5D3D005224950F23E87B23B736" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of borrowings, classified as financing activities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_54C00C5D3D005224950F23E87B23B736" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_54C00C5D3D005224950F23E87B23B736" xlink:to="lab_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities_54C00C5D3D005224950F23E87B23B736" xlink:type="arc" />
    <link:label id="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_8198653F2B3BF8E6E1E723E87B230917_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_8198653F2B3BF8E6E1E723E87B230917" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from long-term debt</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_8198653F2B3BF8E6E1E723E87B230917_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromNoncurrentBorrowings_8198653F2B3BF8E6E1E723E87B230917" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from non-current borrowings</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromNoncurrentBorrowings" xlink:label="loc_ifrs-full_ProceedsFromNoncurrentBorrowings_8198653F2B3BF8E6E1E723E87B230917" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings_6CBB6ADE45E2194E865D23E87B2313E7_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings_6CBB6ADE45E2194E865D23E87B2313E7" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of long-term debt</link:label>
    <link:label id="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings_6CBB6ADE45E2194E865D23E87B2313E7_label_en-US" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings_6CBB6ADE45E2194E865D23E87B2313E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Repayments of non-current borrowings</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:label="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings_6CBB6ADE45E2194E865D23E87B2313E7" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities_64DBCF3F2005EA1930AD23E87B24C89C_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities_64DBCF3F2005EA1930AD23E87B24C89C" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Repayment of finance lease</link:label>
    <link:label id="lab_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities_64DBCF3F2005EA1930AD23E87B24C89C_label_en-US" xlink:label="lab_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities_64DBCF3F2005EA1930AD23E87B24C89C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Payments of finance lease liabilities, classified as financing activities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities_64DBCF3F2005EA1930AD23E87B24C89C" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_5872B9ACA90A562A74A923E87B256915_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_5872B9ACA90A562A74A923E87B256915" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</link:label>
    <link:label id="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_5872B9ACA90A562A74A923E87B256915_label_en-US" xlink:label="lab_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_5872B9ACA90A562A74A923E87B256915" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividends paid, classified as financing activities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidClassifiedAsFinancingActivities_5872B9ACA90A562A74A923E87B256915" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_ProceedsFromIssuingShares_B754FE2E926C656F02BE23E87B25B7D6_terseLabel_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingShares_B754FE2E926C656F02BE23E87B25B7D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common stock issuance</link:label>
    <link:label id="lab_ifrs-full_ProceedsFromIssuingShares_B754FE2E926C656F02BE23E87B25B7D6_label_en-US" xlink:label="lab_ifrs-full_ProceedsFromIssuingShares_B754FE2E926C656F02BE23E87B25B7D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from issuing shares</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_ProceedsFromIssuingShares" xlink:label="loc_ifrs-full_ProceedsFromIssuingShares_B754FE2E926C656F02BE23E87B25B7D6" xlink:type="locator" />
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    <link:label id="lab_cae_StockRepurchasedandRetiredDuringPeriodValue1_C4051EF3F20121AE8D9A23E87B259882_terseLabel_en-US" xlink:label="lab_cae_StockRepurchasedandRetiredDuringPeriodValue1_C4051EF3F20121AE8D9A23E87B259882" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repurchase of common shares</link:label>
    <link:loc xlink:href="cae-20180331.xsd#cae_StockRepurchasedandRetiredDuringPeriodValue1" xlink:label="loc_cae_StockRepurchasedandRetiredDuringPeriodValue1_C4051EF3F20121AE8D9A23E87B259882" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_9255E91D23B840DB413323E87B26353F_terseLabel_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_9255E91D23B840DB413323E87B26353F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other</link:label>
    <link:label id="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_9255E91D23B840DB413323E87B26353F_label_en-US" xlink:label="lab_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_9255E91D23B840DB413323E87B26353F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other inflows (outflows) of cash, classified as financing activities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities_9255E91D23B840DB413323E87B26353F" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_1326CF5FE271BA39371E23E87B268AEC_totalLabel_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_1326CF5FE271BA39371E23E87B268AEC" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in financing activities</link:label>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_1326CF5FE271BA39371E23E87B268AEC_label_en-US" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_1326CF5FE271BA39371E23E87B268AEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities_1326CF5FE271BA39371E23E87B268AEC" xlink:type="locator" />
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    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_7F69612C8EF60F263A1823E87B2634A2_terseLabel_en-US" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_7F69612C8EF60F263A1823E87B2634A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Effect of foreign exchange rate changes on cash and cash equivalents</link:label>
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    <link:loc xlink:href="http://xbrl.ifrs.org/taxonomy/2017-03-09/full_ifrs/full_ifrs-cor_2017-03-09.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_7F69612C8EF60F263A1823E87B2634A2" xlink:type="locator" />
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