<SEC-DOCUMENT>0000919859-25-000001.txt : 20250204
<SEC-HEADER>0000919859-25-000001.hdr.sgml : 20250204
<ACCEPTANCE-DATETIME>20250204143715
ACCESSION NUMBER:		0000919859-25-000001
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250204

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAE INC
		CENTRAL INDEX KEY:			0001173382
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-80449
		FILM NUMBER:		25587189

	BUSINESS ADDRESS:	
		STREET 1:		8585 COTE DE LIESSE
		CITY:			ST-LAURENT
		STATE:			A8
		ZIP:			H4T 1G6
		BUSINESS PHONE:		514-341-6780

	MAIL ADDRESS:	
		STREET 1:		8585 COTE DE LIESSE
		CITY:			ST-LAURENT
		STATE:			A8
		ZIP:			H4T 1G6

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MACKENZIE FINANCIAL CORP
		CENTRAL INDEX KEY:			0000919859
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		180 QUEEN STREET WEST
		CITY:			TORONTO ONTARIO
		STATE:			A6
		ZIP:			M5V 3K1
		BUSINESS PHONE:		4169225322

	MAIL ADDRESS:	
		STREET 1:		180 QUEEN STREET WEST
		CITY:			TORONTO ONTARIO
		STATE:			A6
		ZIP:			M5V 3K1
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000919859</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>8</amendmentNo>
      <securitiesClassTitle>Common Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>01/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001173382</issuerCik>
        <issuerName>CAE INC</issuerName>
        <issuerCusip>124765108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>8585 COTE DE LIESSE</com:street1>
          <com:city>ST-LAURENT</com:city>
          <com:stateOrCountry>A8</com:stateOrCountry>
          <com:zipCode>H4T 1G6</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>MACKENZIE FINANCIAL CORP</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>A6</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>17637699.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>17637699.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>17637699.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>5.5</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>CAE INC</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>8585 COTE DE LIESSE, ST-LAURENT, QUEBEC, CANADA, H4T 1G6</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Mackenzie Financial Corporation</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>180 Queen Street West, Toronto, Ontario M5V 3K1</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Organized in Toronto, Ontario, Canada</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>17,637,699
</amountBeneficiallyOwned>
        <classPercent>5.5%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>17,637,699</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>NIL</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>17,637,699</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>NIL</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <exhibitInfo>Schedule 13G Amendment No. Eight, CAE Inc.</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>MACKENZIE FINANCIAL CORP</reportingPersonName>
      <signatureDetails>
        <signature>Gillian Seidler</signature>
        <title>Vice-President &amp; Chief Compliance Officer</title>
        <date>02/04/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>       After reasonable inquiry and to the best of my knowledge and belief,
 I certify that the information set forth in this statement is true,
complete and correct.


Date    February 4, 2025


        "Gillian Seidler"


	Signature
	Gillian Seidler
        Vice-President &amp; Chief Compliance Officer

	Name/Title



       The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative.
If the statement is signed on behalf of a person by his authorized
representative other than an executive officer or general partner of
the filing person, evidence of the representative's authority to sign
on behalf of such person shall be filed with the statement, provided,
however, that a power of attorney for this purpose which is already on
file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be
typed or printed beneath his signature.



</signatureComments>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
