<SEC-DOCUMENT>0001062993-24-018874.txt : 20241112
<SEC-HEADER>0001062993-24-018874.hdr.sgml : 20241112
<ACCEPTANCE-DATETIME>20241112131919
ACCESSION NUMBER:		0001062993-24-018874
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20241112

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]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1229

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-56253
		FILM NUMBER:		241446420

	BUSINESS ADDRESS:	
		STREET 1:		600 BOULEVARD DE MAISONNEUVE OUEST
		STREET 2:		33RD FLOOR
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3A 3J2
		BUSINESS PHONE:		5147352023

	MAIL ADDRESS:	
		STREET 1:		600 BOULEVARD DE MAISONNEUVE OUEST
		STREET 2:		33RD FLOOR
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3A 3J2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GILDAN ACTIVEWEAR INC
		DATE OF NAME CHANGE:	19980515

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JARISLOWSKY, FRASER Ltd
		CENTRAL INDEX KEY:			0001123778
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A8
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		1010 SHERBROOKE STREET WEST
		STREET 2:		20TH FLOOR
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3A 2R7
		BUSINESS PHONE:		5148422727

	MAIL ADDRESS:	
		STREET 1:		1010 SHERBROOKE STREET WEST
		STREET 2:		20TH FLOOR
		CITY:			MONTREAL
		STATE:			A8
		ZIP:			H3A 2R7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Jarislowsky, Fraser Ltd
		DATE OF NAME CHANGE:	20130812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JARISLOWSKY , FRASER Ltd
		DATE OF NAME CHANGE:	20090415

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JARISLOWSKY FRASER LTD
		DATE OF NAME CHANGE:	20000925
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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		<submissionType>SCHEDULE 13G/A</submissionType>
		<previousAccessionNumber>0001123778-24-000003</previousAccessionNumber>
		<filerInfo>
			<filer>
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		<coverPageHeader>
			<amendmentNo>1</amendmentNo>
			<securitiesClassTitle>Common Shares</securitiesClassTitle>
			<eventDateRequiresFilingThisStatement>09/30/2024</eventDateRequiresFilingThisStatement>
			<issuerInfo>
				<issuerCik>0001061894</issuerCik>
				<issuerName>GILDAN ACTIVEWEAR INC.</issuerName>
				<issuerCusip>375916103</issuerCusip>
				<issuerPrincipalExecutiveOfficeAddress>
					<com:street1>600 De Maisonneuve Blvd. West</com:street1>
					<com:street2>33rd Floor</com:street2>
					<com:city>Montreal</com:city>
					<com:stateOrCountry>A8</com:stateOrCountry>
					<com:zipCode>H3A 3J2</com:zipCode>
				</issuerPrincipalExecutiveOfficeAddress>
			</issuerInfo>
			<designateRulesPursuantThisScheduleFiled>
				<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
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			<reportingPersonName>1832 Asset Management L.P.</reportingPersonName>
			<citizenshipOrOrganization>A6</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>707264</soleVotingPower>
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				<sharedDispositivePower>600</sharedDispositivePower>
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			<classPercent>0.44411</classPercent>
			<typeOfReportingPerson>FI</typeOfReportingPerson>
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		<coverPageHeaderReportingPersonDetails>

			<reportingPersonName>MD Financial Management Inc.</reportingPersonName>
			<citizenshipOrOrganization>A6</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>143064</soleVotingPower>
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				<sharedDispositivePower>0</sharedDispositivePower>
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			<classPercent>0.08976</classPercent>
			<typeOfReportingPerson>FI</typeOfReportingPerson>
		</coverPageHeaderReportingPersonDetails>
		<coverPageHeaderReportingPersonDetails>

			<reportingPersonName>Scotia McLeod, a division of
 Scotia Capital Inc.</reportingPersonName>
			<citizenshipOrOrganization>A6</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>138971</soleVotingPower>
				<sharedVotingPower>0</sharedVotingPower>
				<soleDispositivePower>138971</soleDispositivePower>
				<sharedDispositivePower>0</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>138971</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>0.08719</classPercent>
			<typeOfReportingPerson>FI</typeOfReportingPerson>
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		<coverPageHeaderReportingPersonDetails>

			<reportingPersonName>Jarislowsky, Fraser Limited</reportingPersonName>
			<citizenshipOrOrganization>A8</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>10328349</soleVotingPower>
				<sharedVotingPower>0</sharedVotingPower>
				<soleDispositivePower>10328349</soleDispositivePower>
				<sharedDispositivePower>0</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>10328349</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<classPercent>6.47999</classPercent>
			<typeOfReportingPerson>IA</typeOfReportingPerson>
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		<items>
			<item1>
				<issuerName>GILDAN ACTIVEWEAR INC.</issuerName>
				<issuerPrincipalExecutiveOfficeAddress>600 De Maisonneuve Blvd. West, 33rd Floor, Montreal, QUEBEC, CANADA H3A 3J2</issuerPrincipalExecutiveOfficeAddress>
			</item1>
			<item2>
				<filingPersonName>1832 Asset Management L.P.
MD Financial Management Inc.
Scotia McLeod, a division of Scotia Capital Inc.
Jarislowsky, Fraser Limited</filingPersonName>
				<principalBusinessOfficeOrResidenceAddress>Scotiabank North, 40 Temperance Street, 16th Floor, Toronto, Ontario, M5H 0B4, Canada
1870 Alta Vista Drive, Ottawa, Ontario, K1G 6R7, Canada
40 King St. West, Scotia Plaza, 52nd Floor, toronto, Ontario, M5W 2X6, Canada
1010 Sherbrooke St. West, 20th Floor, Montreal, Quebec, Canada, H3A 2R7</principalBusinessOfficeOrResidenceAddress>
				<citizenship>Canadian
Canadian
Canadian
Canadian</citizenship>
			</item2>
			<item3>
				<notApplicableFlag>N</notApplicableFlag>
				<typeOfPersonFiling>FI</typeOfPersonFiling>
				<typeOfPersonFiling>IA</typeOfPersonFiling>
				<otherTypeOfPersonFiling>Investment Adviser and Broker Dealer</otherTypeOfPersonFiling>
			</item3>
			<item4>
				<amountBeneficiallyOwned>11318248</amountBeneficiallyOwned>
				<classPercent>7.10105</classPercent>
				<numberOfSharesPersonHas>
					<solePowerOrDirectToVote>11317648</solePowerOrDirectToVote>
					<sharedPowerOrDirectToVote>600</sharedPowerOrDirectToVote>
					<solePowerOrDirectToDispose>11317648</solePowerOrDirectToDispose>
					<sharedPowerOrDirectToDispose>600</sharedPowerOrDirectToDispose>
				</numberOfSharesPersonHas>
			</item4>
			<item5>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item6>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item7>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item8>
				<notApplicableFlag>Y</notApplicableFlag>
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			<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 foreign regulatory scheme applicable to Investment Fund Manager and Portfolio Manager is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.</certifications>
			</item10>
		</items>
		<exhibitInfo>Exhibit 1 - Filing Joint Agreement
Exhibit 2 - Power of Attorney</exhibitInfo>
		<signatureInformation>
			<reportingPersonName>1832 Asset Management L.P.</reportingPersonName>
			<signatureDetails>
				<signature>/s/ Kevin Brown</signature>
				<title>Vice President, Asset Management Compliance, Bank of Nova Scotia</title>
				<date>11/07/2024</date>
			</signatureDetails>
		</signatureInformation>
		<signatureInformation>
			<reportingPersonName>MD Financial Management Inc.</reportingPersonName>
			<signatureDetails>
				<signature>/s/ Kevin Brown</signature>
				<title>Vice President, Asset Management Compliance, Bank of Nova Scotia</title>
				<date>11/07/2024</date>
			</signatureDetails>
		</signatureInformation>
		<signatureInformation>
			<reportingPersonName>Scotia McLeod, a division of
 Scotia Capital Inc.</reportingPersonName>
			<signatureDetails>
				<signature>/s/ Kevin Brown</signature>
				<title>Vice President, Asset Management Compliance, Bank of Nova Scotia</title>
				<date>11/07/2024</date>
			</signatureDetails>
		</signatureInformation>
		<signatureInformation>
			<reportingPersonName>Jarislowsky, Fraser Limited</reportingPersonName>
			<signatureDetails>
				<signature>/s/ Kevin Brown</signature>
				<title>Vice President, Asset Management Compliance, Bank of Nova Scotia</title>
				<date>11/07/2024</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.</signatureComments>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EXHIBIT 1
<TEXT>
<html>

<head>
    <title>1832 Asset Management L.P.: Exhibit 1 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;">Exhibit 1</p>
    <p style="text-align: center;">JOINT FILING AGREEMENT</p>
    <p style="text-align: justify;">In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned entities, as applicable, pursuant to a duly executed power of attorney, hereby agrees to this and any future joint filing of Schedule 13G (including any and all amendments thereto) to be made on their behalf and further agrees to the filing of this Agreement as an Exhibit to such filing(s). In addition, each party to this Agreement consents to the filing of this and any future Schedule 13G (including any and all amendments to such filings) by each and any of the undersigned entities.</p>
    <p style="text-align: justify;">This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.</p>
    <p style="text-align: justify;">IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 28th day of October, 2024.</p>
    <p style="text-align: justify; margin-bottom: 0pt;"><u>/s/ Kevin Brown</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Kevin Brown</p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Vice President, Asset Management Compliance</p>
    <p style="text-align: justify; margin-top: 0pt;">The Bank of Nova Scotia</p>
    <p style="text-align: justify;">1832 ASSET MANAGEMENT L.P.</p>
    <p style="text-align: justify;"><u>/s/ Kevin Brown*</u></p>
    <p style="text-align: justify;">MD FINANCIAL MANAGEMENT INC.</p>
    <p style="text-align: justify;"><u>/s/ Kevin Brown*</u></p>
    <p style="text-align: justify;">SCOTIA MCLEOD (A DIVISION OF SCOTIA CAPITAL INC.)</p>
    <p style="text-align: justify;"><u>/s/ Kevin Brown*</u></p>
    <p style="text-align: justify;">MD LIFE INSURANCE COMPANY</p>
    <p style="text-align: justify;"><u>/s/ Kevin Brown*</u></p>
    <p style="text-align: justify;">JARISLOWSKY, FRASER LIMITED</p>
    <p style="text-align: justify;"><u>/s/ Kevin Brown*</u></p>
    <p style="text-align: justify;">*Pursuant to Power of Attorney filed herewith.</p>
    <hr width="100%" size="5" color="black" noshade="noshade">
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<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EXHIBIT 2
<TEXT>
<html>

<head>
    <title>1832 Asset Management L.P.: Exhibit 2 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt;">
    <hr style="text-align: center;" width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;">Exhibit 2</p>
    <p style="text-align: center;">POWER OF ATTORNEY</p>
    <p style="text-align: justify;">For executing Schedules 13G and 13D, 13G/D Joint Filing Agreement, Form 13F, Form N-PX and Form SHO</p>
    <p style="text-align: justify;">Each of the undersigned entities represents that the individuals signing on behalf of the entity is duly authorized to do so, and hereby constitutes and appoints Kevin Brown, Vice President, Asset Management Compliance of the Bank of Nova Scotia, and Mary Ingarao, Vice President, Canadian Wealth Distribution Compliance of the Bank of Nova Scotia, his or her true and lawful attorneys-in-fact and agents with full power for him or her and in his or her name, place, and stead, and in his or her capacity as identified under his or her name below, to:</p>
    <p style="text-align: justify; margin-left: 24pt;">(1)<font style="width: 3pt; display: inline-block;">&#160;</font>execute for and on behalf of the undersigned filings on Schedules 13G and 13D in accordance with Section 13(d) or Section 13(g) of the Securities Exchange Act of 1934, as amended (the Act) and the rules and regulations promulgated thereunder, or any successor laws and regulations;</p>
    <p style="text-align: justify; margin-left: 24pt;">(2)<font style="width: 3pt; display: inline-block;">&#160;</font>execute for and on behalf of the undersigned a joint filing agreement to provide for the joint filing on Schedules 13G or 13D in accordance with Section 13(d) or Section 13(g) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;</p>
    <p style="text-align: justify; margin-left: 24pt;">(3)<font style="width: 3pt; display: inline-block;">&#160;</font>execute for and on behalf of the undersigned filings on Form 13F as required by Section 13(f)(1) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;</p>
    <p style="text-align: justify; margin-left: 24pt;">(4)<font style="width: 3pt; display: inline-block;">&#160;</font>execute for and on behalf of the undersigned filings on Form N-PX as required by Section 14A(d) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;</p>
    <p style="text-align: justify; margin-left: 24pt;">(5)<font style="width: 3pt; display: inline-block;">&#160;</font>execute for and on behalf of the undersigned filings on Form SHO as required by Section 13(f)(2) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;</p>
    <p style="text-align: justify; margin-left: 24pt;">(6)<font style="width: 3pt; display: inline-block;">&#160;</font>do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete the execution of any such Schedules 13G and 13D, joint filing agreement, Forms 13F, Forms N-PX, and Forms SHO, and the timely filing of such forms and agreements with the United States Securities and Exchange Commission and any other authority; and</p>
    <p style="text-align: justify; margin-left: 24pt;">(7)<font style="width: 3pt; display: inline-block;">&#160;</font>take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorneys-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorneys-in-fact on behalf of the undersigned pursuant to the Power of Attorney shall be in such form and shall contain such terms and conditions as such attorneys-in-fact may approve in his or her discretion.</p>
    <p style="text-align: justify; margin-left: 24pt;">&#160;</p>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a><br>
    <p style="text-align: justify;">Each of the undersigned entities grants to said attorneys-in-fact and agents full power and authority to do and perform each and every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as it might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or substitute or substitutes, may lawfully do or cause to be done by virtue hereof. The undersigned acknowledge that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 13(d), Section 13(g), Section 13(f)(1), Section 14A(d), Section 13(f)(2) of the Act and the rules and regulations promulgated thereunder.</p>
    <p style="text-align: justify;">This Power of Attorney shall remain in effect until the undersigned entity is no longer required to file Schedules 13G, 13D, 13G/D Joint Filing Agreements, Form 13Fs, Form N- PXs and/or Form SHOs, unless earlier revoked by a duly authorized officer of the undersigned entity in writing and delivered to the foregoing attorneys-in-fact.</p>
    <p style="text-align: justify;">This Power of Attorney Signature Page may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. A facsimile or portable document format (.pdf) copy, or an electronic copy by way of reliable electronic signature technology, of the signature of a party to this Power of Attorney on any such counterpart shall be fully effective as in an original signature.</p>
    <p style="text-align: justify;">IN WITNESS WHEREOF, the undersigned duly authorized individuals have caused this Power of Attorney to be executed as of October 28, 2024, on behalf of the respective entities.</p>
    <p style="text-align: justify; margin-bottom: 0pt;">1832 ASSET MANAGEMENT L.P.</p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><u>/s/ Jim Morris</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Name: Jim Morris</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: Director, 1823 Asset Management L.P., by its general partner, 1832 Asset Management G.P. Inc.</p>
    <p style="text-align: justify; margin-bottom: 0pt;">MD FINANCIAL MANAGEMENT INC.</p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><u>/s/ Pamela Allen</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Name: Pamela Allen</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: Chief Executive Officer</p>
    <p style="text-align: justify; margin-bottom: 0pt;"><u>/s/ Emily Tan</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Name: Emily Tan</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: Corporate Secretary</p>
    <hr style="page-break-after: always;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: justify; margin-bottom: 0pt;">SCOTIA CAPITAL INC. (Scotia McLeod division) <br><u>/s/ Todd Barnes</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Name: Todd Barnes</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: Director</p>
    <p style="text-align: justify; margin-bottom: 0pt;"><u>/s/ Sanam Nazir</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Name: Sanam Nazir</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: Corporate Secretary</p>
    <p style="text-align: justify; margin-bottom: 0pt;">MD LIFE INSURANCE COMPANY <br><u>/s/ Jeff Coughlan</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Name: Jeff Coughlan</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: President and Chief Executive Officer</p>
    <p style="text-align: justify; margin-bottom: 0pt;"><u>/s/ Emily Tan</u> <br>Name: Emily Tan</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: Corporate Secretary</p>
    <p style="text-align: justify; margin-bottom: 0pt;">JARISLOWSKY, FRASER LIMITED</p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;"><u>/s/ Neal Kerr</u></p>
    <p style="text-align: justify; margin-top: 0pt; margin-bottom: 0pt;">Name: Neal Kerr</p>
    <p style="text-align: justify; margin-top: 0pt;">Title: Vice Chair and Ultimate Designated Person</p>
    <p style="text-align: justify;"><u>/s/ Christine Anderson</u> <br>Name: Christine Anderson <br>Title: Corporate Secretary</p>
    <hr style="text-align: center;" width="100%" size="5" color="black">
</body>

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</SEC-DOCUMENT>
