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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000898286-04-000064.txt : 20041214
<SEC-HEADER>0000898286-04-000064.hdr.sgml : 20041214
<ACCEPTANCE-DATETIME>20041214104157
ACCESSION NUMBER:		0000898286-04-000064
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20041214
DATE AS OF CHANGE:		20041214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GILDAN ACTIVEWEAR INC
		CENTRAL INDEX KEY:			0001061894
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1003

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-56253
		FILM NUMBER:		041200449

	BUSINESS ADDRESS:	
		STREET 1:		725 MONTEE DE LIESSE
		STREET 2:		VILLE SAINT LAURENT
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			00000
		BUSINESS PHONE:		5147352023

	MAIL ADDRESS:	
		STREET 1:		725 MONTEE DE LIESSE
		STREET 2:		ST LAURENT QUE
		CITY:			CANADA
		STATE:			A8
		ZIP:			00000

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
		CENTRAL INDEX KEY:			0000898286
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		1000 PLACE JEAN-PAUL RIOPELLE
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H2Z2B3
		BUSINESS PHONE:		5148472130

	MAIL ADDRESS:	
		STREET 1:		1000 PLACE JEAN-PAUL RIOPELLE
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H2Z2B3
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>gildan-13ga.htm
<TEXT>
<HTML>
<HEAD>
<META NAME="Generator" CONTENT="Microsoft Word 97">
<TITLE>AMENDMENT NO 2</TITLE>
</HEAD>
<BODY LINK="#0000ff" VLINK="#800080">

<B><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>
<P ALIGN="CENTER"></P>
</B><P ALIGN="CENTER">SCHEDULE 13G/A<BR>
(Amendment No. 1)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">UNDER THE SECURITIES EXCHANGE ACT OF 1934</P>
<B><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">GILDAN ACTIVEWEAR INC.<BR>
</B>(Name of Issuer)</P>
<B><P ALIGN="CENTER">Common Shares<BR>
</B>(Title of Class of Securities)</P>
<B><P ALIGN="CENTER">375&nbsp;916&nbsp;103<BR>
</B>(CUSIP Number)</P>
<B><P ALIGN="CENTER">Ginette Depelteau<BR>
Caisse de d&eacute;p&ocirc;t et placement du Qu&eacute;bec<BR>
1000 place Jean-Paul-Riopelle, Montreal (Quebec), H2Z 2B3<BR>
Tel.: (514) 847-5901<BR>
</B>(Name, Address and Telephone Number of Person<BR>
Authorized to Receive Notices and Communications)</P>
<B><P ALIGN="CENTER">December 6, 2004<BR>
</B>(Date of Event which Requires Filing of this Statement)</P>
<P ALIGN="CENTER"></P>
<P>&nbsp;</P>
<P>Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</P>

<P>[ ] &#9;Rule 13d-1(b)<BR>
[ <B>X</B> ] &#9;Rule 13d-1(c)<BR>
[ ] &#9;Rule 13d-1(d)</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act </P>

<P>(however, see the Notes).</P>

<OL>

<LI>Name Of Reporting Persons<BR>
I.R.S. Identification nos. of above persons (entities only)<BR>
<B>Caisse de d&eacute;p&ocirc;t et placement du Qu&eacute;bec<BR>
</B>-------------------------------------------------------------------------------------------------------------</LI>
<LI>Check the Appropriate Box if a Member of a Group (See Instructions)<BR>
(a) [     ]<BR>
(b) [     ]<BR>
- -------------------------------------------------------------------------------------------------------------</LI>
<LI>SEC USE ONLY<BR>
- -------------------------------------------------------------------------------------------------------------</LI>
<LI>Citizenship or Place of Organization<BR>
<B>Montreal (Quebec) Canada<BR>
</B>-------------------------------------------------------------------------------------------------------------</LI>
<LI>Sole Voting Power<BR>
<B>1,268,818 Common Shares<BR>
</B>-------------------------------------------------------------------------------------------------------------</LI>
<LI>Shared Voting Power<BR>
- -------------------------------------------------------------------------------------------------------------</LI>
<LI>Sole Dispositive Power<BR>
<B>1,268,818 Common Shares </B><BR>
- -------------------------------------------------------------------------------------------------------------</LI>
<LI>Shared Dispositive Power<BR>
- -------------------------------------------------------------------------------------------------------------</LI>
<LI>Aggregate Amount Beneficially Owned by Each Reporting Person<BR>
<B>1,268,818 Common Shares</B><BR>
- -------------------------------------------------------------------------------------------------------------</LI>
<LI>Check if the Aggregate Amount In Row (9) Excludes Certain Shares<BR>
(See Instructions) [      ]<BR>
- -------------------------------------------------------------------------------------------------------------</LI>
<LI>Percent of Class Represented by Amount in Row (9)<BR>
<B>4.27%<BR>
</B>-------------------------------------------------------------------------------------------------------------</LI>
<LI>Type of Reporting Person (See Instructions)<BR>
<B>CO<BR>
</B>-------------------------------------------------------------------------------------------------------------</LI></OL>

<P ALIGN="JUSTIFY"></P>
<P>&nbsp;</P>
<B><U><P>Item 1</P>

<OL TYPE="a">

</U><LI>Name of Issuer</B>:  Gildan Activewear Inc. ("Gildan") </LI>

<B><LI>Address of Issuer's Principal Executive Offices: </B>725 Mont&eacute;e de Liesse, Montreal, Quebec, Canada, H4T 1P5.</LI></OL>

<B><U><P>Item 2</P>

<OL TYPE="a">

</U><LI>Name of person filing: </B>Caisse de d&eacute;p&ocirc;t et placement du Qu&eacute;bec ("Caisse")</LI>

<B><LI>Address or principal business office or, if none, residence: </B>1000, place Jean-Paul-Riopelle, Montr&eacute;al, Qu&eacute;bec, H2Z 2B3</LI>

<B><LI>Citizenship: </B>Canada</LI>

<B><LI>Title of class of securities: </B>Common<B> </B>Shares</LI>

<B><LI>CUSIP No.: 375&nbsp;916&nbsp;103<BR>
</LI></OL>

</B>
<B><U><P>Item 3</P>
</B></U>
<P>Not applicable.</P>

<B><U><P>Item 4 - Ownership</P>

<OL TYPE="a">

</U><LI>Amount Beneficially Owned: </B>1,268,818 </LI>

<B><LI>Percent of Class: </B>4.27%</LI>

<B><LI>Number of shares as to which the Reporting Person has:</LI>

<OL TYPE="i">

</B><LI>sole power to vote or direct the vote:  1,268,818 </LI>
<LI>shared power to vote or direct the vote:</LI>
<LI>sole power to dispose or to direct the disposition:  1,268,818</LI>
<LI>shared power to dispose or to direct the disposition:</LI></OL>
</OL>


<B><U><P>Item 5 - Ownership of Five Percent or Less of a Class</P>

</B></U><P>If this statement is being filed to report the fact that as of  the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ X ].</P>

<B><U><P>Item 6 - Ownership of More Than Five Percent on Behalf of Another Person</P>

</B></U><P>Not applicable.</P>

<B><U><P ALIGN="JUSTIFY">Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on By the Parent Holding Company</P>
<P ALIGN="JUSTIFY"></P>
</B></U><P>Not applicable.</P>

<B><U><P>Item 8 - Identification and Classification of Members of the Group</P>

</B></U><P>Not applicable.</P>

<B><U><P>Item 9 - Notice of Dissolution of Group</P>
</B></U>
<P>Not applicable.</P>

<B><U><P>Item 10 - Certification</P>
</B></U>
<P>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.</P>

<P ALIGN="JUSTIFY">After reasonable inquiry and to the best of the signatory's knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>
<P ALIGN="JUSTIFY"></P>
<U><P>Signature</P>
</U>
<P>Date: December 10, 2004</P>

<P>s/ Ginette Depelteau<BR>
- -----------------------------------------------------------------------<BR>
Signature</P>
<P ALIGN="JUSTIFY"></P>
<U><P>Ginette Depelteau, Vice-President and Corporate Secretary <BR>
</U>Name / Title</P>
<P ALIGN="JUSTIFY"></P></BODY>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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