SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TFI International Inc.
(Name of Issuer)
Common Shares
(Title of Class of Securities)
87241L109
(CUSIP Number)
06/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
87241L109
1
Names of Reporting Persons
1832 Asset Management L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,104,647.00
6
Shared Voting Power
12,965.00
7
Sole Dispositive Power
1,104,647.00
8
Shared Dispositive Power
12,965.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,117,612.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.3387 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
87241L109
1
Names of Reporting Persons
MD Financial Management Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
46,075.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
46,075.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
46,075.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0552 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
87241L109
1
Names of Reporting Persons
Scotia McLeod, a division of
Scotia Capital Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
436,279.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
436,279.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
436,279.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.5226 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP No.
87241L109
1
Names of Reporting Persons
Jarislowsky, Fraser Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
QUEBEC, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
3,304,033.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
3,304,033.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,304,033.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9577 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
TFI International Inc.
(b)
Address of issuer's principal executive offices:
8801 Trans-Canada Highway, Suite 500, Saint-Laurent, QUEBEC, CANADA H4S 1Z6
Item 2.
(a)
Name of person filing:
1832 Asset Management L.P.
MD Financial Management Inc.
Scotia McLeod, a division of Scotia Capital Inc.
Jarislowsky, Fraser Limited
(b)
Address or principal business office or, if none, residence:
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
(c)
Citizenship:
Canadian
Canadian
Canadian
Canadian
(d)
Title of class of securities:
Common Shares
(e)
CUSIP No.:
87241L109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
If filing in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: investment adviser and broker dealer
Item 4.
Ownership
(a)
Amount beneficially owned:
4,903,999
(b)
Percent of class:
5.8742 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
4,891,034
(ii) Shared power to vote or to direct the vote:
12,965
(iii) Sole power to dispose or to direct the disposition of:
4,891,034
(iv) Shared power to dispose or to direct the disposition of:
12,965
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
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 ?? 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.
SIGNATURE
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.
1832 Asset Management L.P.
Signature:
/s/ Kevin Brown
Name/Title:
Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:
07/31/2025
MD Financial Management Inc.
Signature:
/s/ Kevin Brown
Name/Title:
Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:
07/31/2025
Scotia McLeod, a division of
Scotia Capital Inc.
Signature:
/s/ Kevin Brown
Name/Title:
Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:
07/31/2025
Jarislowsky, Fraser Limited
Signature:
/s/ Kevin Brown
Name/Title:
Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:
07/31/2025
Comments accompanying signature: 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.
Exhibit Information
Exhibit 1 - Joint Filing Agreement
Exhibit 2 - Power of Attorney
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