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OMB APPROVAL




UNITED STATES


OMB Number:     3235-0145



SECURITIES AND EXCHANGE COMMISSION

Expires:      October 31,2002




Washington, D.C. 20549


Estimated average burden
hours per response.... 14.90







































SCHEDULE  13G


















Under the Securities Exchange Act of 1934


















(Amendment No.

) *

















Celestica Inc





(Name of Issuer)

















Subordinate Voting





(Title of Class of Securities)




















15101Q108









(CUSIP Number)


















12/31/2007




(Date of Event Which Requires Filing of this Statement)
















Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:














0
Rule 13d-1 (b)




















0
Rule 13d-1(c)





















1
Rule 13d-1(d)

































* 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.














The information required in the remainder of this
cover page shall not be deemed to be "filed"  for
the purpose of Section 18 of 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
(however, see the Notes).















Potential persons who are to respond to the
collection of information contained in this form
are not required to respond unless the form displays
a currently valid OMB control number.


SEC 1745 (6-00)

Page 1 of 6 pages






CUSIP No.
 15101Q108





























1.
Names of Reporting Persons.
 Phillips, Hager & North Investment Management Ltd.

I.R.S. Identification Nos. of above persons
(entities only).





2.
Check the Appropriate Box if a Member of a
Group (See Instructions)












(a) 0





















(b) 1




















3.
SEC Use Only


















4.
Citizenship or Place of Organization
 Vancouver, British Columbia, Canada











Number of
5.
Sole Voting Power
16,657,587
Shares Bene-



ficially owned
6.
Shared Voting Power

by Each



Reporting
7.
Sole Dispositive Power
16,657,587
Person With:




8.
Shared Dispositive Power












9.
Aggregate Amount Beneficially Owned by Each
Reporting Person
16,657,587











10.
Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions)
0











11.
Percent of Class Represented by Amount in Row (11)
8.4%

12.
Type of Reporting Person (See Instructions)






IA

























































































































Page 2 of 6 pages


INSTRUCTIONS FOR SCHEDULE 13G
Instructions for Cover Page
(1) Names and I.R.S. Identification Numbers
of Reporting Persons- Furnish the full legal
name of each person for whom the report is
filed-i.e., each person required to sign the
schedule itself-including each member of a
group. Do not include the name of a person
required to be identified in the report but
who is not a reporting person. Reporting persons
that are entities are also requested to furnish
their I.R.S. identification numbers, although
disclosure of such numbers is voluntary, not
mandatory (see "SPECIAL INSTRUCTIONS
FOR COMPLYING WITH SCHEDULE 13G" below).

(2) If any of the shares beneficially owned by
a reporting person are held as a member of a
group and that membership is expressly affirmed,
please check row 2(a). If the reporting person
disclaims membership in a group or describes
a relationship with other persons but does not
affirm the existence of a group, please check
row 2(b) [unless a joint filing pursuant to
Rule 13d-1(k)(1) in which case it may not be
necessary to check row 2(b)].

(3) The third row is for SEC internal use;
please leave blank.

(4) Citizenship or Place of Organization-Furnish
citizenship if the named reporting person is a
natural person. Otherwise, furnish place of
organization.

(5)-(9), (11) Aggregate Amount Beneficially
Owned By Each Reporting Person, Etc.-Rows
(5) through (9) inclusive, and (11) are to
be completed in accordance with the provisions
of Item 4 of Schedule 13G. All percentages are
to be rounded off to the nearest tenth
(one place after the decimal point).

(10) Check if the aggregate amount reported as
beneficially owned in row (9) does not include
shares as to which beneficial ownership
is disclaimed pursuant to Rule 13d-4
[17 CFR 240.13d-4] under the Securities
Exchange Act of 1934.

(12) Type of Reporting Person- Please classify
each "reporting person" according to the following
breakdown (see Item 3 of Schedule 13G) and
place the appropriate symbol on the form:
      Category			Symbol
Broker Dealer			BD
Bank				BK
Insurance Company		IC
Investment Company		IV
Investment Adviser		IA
Employee Benefit Plan, Pension Fund,
or Endowment Fund		EP
Parent Holding Company		HC
Savings Association		SA
Church Plan			CP
Corporation			CO
Partnership			PN
Individual			IN
Other				OO
Notes:
Attach as many copies of the second part of the
cover pages as are needed, one reporting person
per page.


Filing persons may, in order to avoid unnecessary
duplication, answer items on the schedules
(Schedule 13D, 13G, or 14D-1) by appropriate
cross references to an item or items on the
cover pages(s). This approach may only be used
where the cover page item or items provide all
the disclosure required by the schedule item.
Moreover, such a use of a cover page item will
result in the item becoming a part of the
schedule and accordingly being considered as
"filed" for purposes of Section 18 of the
Securities Exchange Act or otherwise subject
to the liabilities of that section of the Act.



Reporting persons may comply with their cover
page filing requirements by filing either
completed copies of the blank forms available
from the Commission, printed or typed facsimiles,
or computer printed facsimiles, provided the
documents filed have identical formats to the
forms prescribed in the Commission's regulations
and meet existing Securities Exchange Act rules
as to such matters as clarity and size
(Securities Exchange Act Rule 12b-12).

SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE
13GUnder Sections 13(d), 13(g), and 23 of the
Securities Exchange Act of 1934 and the rules
and regulations thereunder, the Commission is
authorized to solicit the information required
to be supplied by this schedule by certain
security holders of certain issuers.
Page 3 of 6 pages


Disclosure of the information specified in this
schedule is mandatory, except for I.R.S.
identification numbers, disclosure of which
is voluntary.  The information will be used
for the primary purpose of determining and
disclosing the holdings of certain beneficial
owners of certain equity securities. This
statement will be made a matter of public record.
Therefore, any information given will be
available for inspection by any member of the
public.

Because of the public nature of the information,
the Commission can use it for a variety of
purposes, including referral to other governmental
authorities or securities self-regulatory
organizations for investigatory purposes or in
connection with litigation involving the Federal
securities laws or other civil, criminal or
regulatory statutes or provisions. I.R.S.
identification numbers, if furnished, will
assist the Commission in identifying security
holders and, therefore, in promptly processing
statements of beneficial ownership of securities.

Failure to disclose the information requested by
this schedule, except for I.R.S. identification
numbers, may result in civil or criminal action
against the persons involved for violation of the
Federal securities laws and rules promulgated
thereunder.


GENERAL INSTRUCTIONS


A. Statements filed pursuant to Rule 13d-1(b)
containing the information required by this schedule
shall be filed not later than February 14 following
the calendar  year covered by the statement or within
the time specified in Rules 13d-1(b)(2) and 13d-2(c).
Statements filed pursuant to Rule 13d-1(c) shall be
filed within the time specified in Rules 13d-1(c),
13d-2(b) and 13d-2(d). Statements filed pursuant to
Rule 13d-1(d) shall be filed not later than February
14 following the calendar year covered by the
statement pursuant to Rules 13d-1(d) and 13d-2(b).

B. Information contained in a form which is required
to be filed by rules under section 13(f) (15 U.S.C.
78m(f)) for the same calendar  year as that covered
by a statement on this schedule may be incorporated
by reference in response to any of the items of this
schedule. If such information is incorporated by
reference in this schedule, copies of the relevant
pages of such form shall be filed as an exhibit to
this schedule.

C. The item numbers and captions of the items shall be
included but the text of the items is to be omitted.
The answers to the items shall be so prepared as to
indicate clearly the coverage of the items without
referring to the text of the items. Answer every item.
If an item is inapplicable or the answer is in the
negative, so state.
Item 1.
(a) Name of Issuer
 Celestica Inc
(b) Address of Issuer's Principal  Executive Offices
1150 Eglinton Ave East

Toronto, ON, M3C 1H7, Canada










Item 2.









(a) Name of Person  Filing
 Phillips, Hager & North Investment Management Ltd.
(b) Address of Principal Business Office or, if none,
Residence
21st Floor, 200 Burrard Street, Vancouver, B.C. V6C 3N5
(c) Citizenship
Canada
(d) Title of Class of Securities
Subordinate Voting
(e) CUSIP Number
15101Q108










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)
0
Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).



(b)
0
Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).



(c)
0
Insurance company as defined in section 3(a)(19)
of the Act (15 U.S.C. 78c).



(d)
0
Investment company registered under section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8).



(e)
1
An investment adviser in accordance with
?240.13d-1(b)(1)(ii)(E);



(f)
0
An employee benefit plan or endowment fund in
accordance with ?240.13d-1(b)(1)(ii)(F);



(g)
0
A parent holding company or control person in
accordance with ?240.13d-1(b)(1)(ii)(G);



(h)
0
A savings associations as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C.
1813);



(i)
0
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)
0
Group, in accordance with ?240.13d-1(b)(1)(ii)(J);






















Page 4 of 6 pages








Item 4. Ownership.
    Provide the following information regarding the
aggregate number and percentage of the class of
securities of the issuer identified in Item 1.










(a) Amount beneficially owned:

  16,657,587










(b) Percent of class:

    8.4%










(c) Number of shares as to which such person has:
16,657,587










  (i)  Sole power to vote or to direct the vote
  16,657,587











  (ii) Shared power to vote or to direct the vote













  (iii) Sole power to dispose or to direct the
disposition of

  16,657,587







  (iv) Shared power to dispose or to direct
the disposition of













Instruction. For computations regarding securities
which represent a right to acquire an underlying
security see  ?240.13d-3(d)(1).

Item 5.	Ownership of Five Percent or Less of a Class
   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  0.

Instruction: Dissolution of a group requires a
response to this item.

Item 6.	Ownership of More than Five Percent on
Behalf of Another Person.
   If any other person is known to have the right to
receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of,
such securities, a statement to that effect should
be included in response to this item and, if such
interest relates to more than five percent of the
class, such person should be identified. A listing
of the shareholders of an investment company
registered under the Investment Company Act of 1940
or the beneficiaries of employee benefit plan, pension
fund or endowment fund is not required.

Item 7. 	Identification and Classification of
the Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company.
 If a parent holding company has filed this schedule,
pursuant to Rule 13d-1(b)(ii)(G), so indicate under
Item 3(g) and attach an exhibit stating the identity
and the Item 3 classification of the relevant subsidiary.
If a parent holding company has filed this schedule
pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach
an exhibit stating the identification of the relevant
subsidiary.



0  EXHIBIT ATTACHED
Item 8.	Identification and Classification of Members
of the Group
   If a group has filed this schedule pursuant to
? 240.13d-1(b)(ii)(J), so indicate under Item 3(j)
and attach an exhibit stating the identity and Item 3
classification of each member of the group. If a
group has filed this schedule pursuant to ?240.13d-1(c)
or ?240.13d-1(d), attach an exhibit stating the
identity of each member of the group.



0  EXHIBIT ATTACHED
Item 9.	Notice of Dissolution of Group
    Notice of dissolution of a group may be
furnished as an exhibit stating the date of the
dissolution and that all further filings with respect
to transactions in the security reported on will be
filed, if required, by members of the group, in
their individual capacity.  See Item 5.



0  EXHIBIT ATTACHED











Page 5 of 6 pages





Item 10.	  Certification
(a)	The following certification shall be included
if the statement filed pursuant to ?240.13d-1(b):

	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.

	The following certification shall be included
if the statement filed pursuant to ?240.13d-1(c):

(b)	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.


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.






February 6, 2008







Date

























Signature

















Michael R Wallberg, Vice President







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.

Note: Schedules filed in paper format shall include
a signed original and five copies of the schedule,
including all exhibits. See ?240.13d-7 for other
parties for whom copies are to be sent.

	Attention:  Intentional misstatements or
omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)






Page 6 of 6 pages


2001 ProFormWare 561-330-7645