EXHIBIT 3 - INVESTMENT TERMS
INSTRUMENT	ISSUER	INT_RATE	DATE_BGT	DATE_SOLD	BOUGHT	SOLD	BANK	LENGTH	W AVG LENGTH	DAYS to MAT	W AVG MAT	31/12/2006
BA	RBC	4.28	18-Dec-2006	15-Jan-2007	4,983,650.00	5,000,000.00	TD	28	139,542,200	15	74,754,750
BA	RBC	4.30	22-Aug-2006	16-Jan-2007	19,660,000.00	20,000,000.00	TD	147	2,890,020,000	16	314,560,000
BOND	FARM CREDIT	4.09	24-Jul-2006	24-Jan-2007	1,000,000.00	1,000,000.00	WG	184	184,000,000	24	24,000,000
BOND	BNS	4.30	25-Jan-2006	25-Jan-2007	1,000,000.00	1,000,000.00	WG	365	365,000,000	25	25,000,000
				Less than 1 month	26,643,650	12.9%
CD	MANULIFE	4.17	17-Feb-2006	16-Feb-2007	8,000,000.00	8,332,686.03	CAN	364	2,912,000,000	47	376,000,000
BA	RBC	4.29	17-Nov-2006	16-Feb-2007	18,798,980.00	19,000,000.00	TD	91	1,710,707,180	47	883,552,060
BA	BNS	4.28	22-Nov-2006	21-Feb-2007	11,873,280.00	12,000,000.00	TD	91	1,080,468,480	52	617,410,560
BOND	BNS	4.30	22-Feb-2006	22-Feb-2007	1,500,000.00	1,500,000.00	WG	365	547,500,000	53	79,500,000
BOND	BNS	4.14	24-Feb-2006	24-Feb-2007	1,000,000.00	1,000,000.00	BMO	365	365,000,000	55	55,000,000
BOND	ONT	3.11	07-Jan-2005	08-Mar-2007	2,085,000.00	2,000,000.00	MER	790	1,647,150,000	67	139,695,000
BOND	ONT	3.88	15-Dec-2005	08-Mar-2007	4,064,400.00	4,000,000.00	RBC	448	1,820,851,200	67	272,314,800
BDN	HONGKONG	4.31	13-Dec-2006	15-Mar-2007	4,946,250.00	5,000,000.00	HK	92	455,055,000	74	366,022,500
BOND	RBC	4.65	20-Sep-2006	20-Mar-2007	2,000,000.00	2,000,000.00	WG	181	362,000,000	79	158,000,000
				Between 1 and 3 months	54,267,910	26.3%
BDN	HONGKONG	4.35	25-Oct-2006	30-Apr-2007	7,825,600.00	8,000,000.00	HK	187	1,463,387,200	120	939,072,000
CD	MANULIFE	4.27	27-Nov-2006	30-Apr-2007	10,000,000.00	10,180,158.90	CAN	154	1,540,000,000	120	1,200,000,000
BOND	BMO	4.55	14-Jun-2006	14-Jun-2007	3,000,000.00	3,000,000.00	BMO	365	1,095,000,000	165	495,000,000
BOND	BNS	4.70	21-Aug-2006	15-Jun-2007	3,400,000.00	3,400,000.00	WG	298	1,013,200,000	166	564,400,000
BOND	FARM CREDIT	4.40	16-Jun-2006	16-Jun-2007	5,000,000.00	5,000,000.00	BMO	365	1,825,000,000	167	835,000,000
BOND	ONT	3.58	11-Feb-2004	21-Jun-2007	2,079,000.00	2,000,000.00	WG	1,226	2,548,854,000	172	357,588,000
BOND	FARM CREDIT	4.55	28-Jun-2006	28-Jun-2007	3,000,000.00	3,000,000.00	WG	365	1,095,000,000	179	537,000,000
CD	MANULIFE	4.65	28-Jun-2006	28-Jun-2007	8,000,000.00	8,372,000.00	CAN	365	2,920,000,000	179	1,432,000,000
BOND	BMO	4.65	25-Jul-2006	25-Jul-2007	1,000,000.00	1,000,000.00	BMO	365	365,000,000	206	206,000,000
BOND	RBC	4.09	24-Aug-2006	24-Aug-2007	5,000,000.00	5,000,000.00	WG	365	1,825,000,000	236	1,180,000,000
BOND	BMO	4.55	25-Sep-2006	25-Sep-2007	4,000,000.00	4,000,000.00	BMO	365	1,460,000,000	268	1,072,000,000
BOND	MANITOBA	4.09	01-Oct-2006	01-Oct-2007	3,000,000.00	3,000,000.00	WG	365	1,095,000,000	274	822,000,000
BOND	BMO	4.35	27-Oct-2006	27-Oct-2007	2,000,000.00	2,000,000.00	BMO	365	730,000,000	300	600,000,000
BOND	ACFA	4.30	30-Oct-2006	30-Oct-2007	2,000,000.00	2,000,000.00	WG	365	730,000,000	303	606,000,000
BOND	ONT	3.73	04-Nov-2005	04-Nov-2007	1,000,000.00	1,000,000.00	WG	730	730,000,000	308	308,000,000
BOND	MANITOBA	4.09	01-Dec-2006	01-Dec-2007	2,000,000.00	2,000,000.00	BMO	365	730,000,000	335	670,000,000
BOND	FARM CREDIT	4.24	01-Dec-2006	01-Dec-2007	1,000,000.00	1,000,000.00	WG	365	365,000,000	335	335,000,000
BOND	FARM CREDIT	4.05	05-Dec-2006	05-Dec-2007	1,000,000.00	1,000,000.00	WG	365	365,000,000	339	339,000,000
BOND	FARM CREDIT	4.05	05-Dec-2006	05-Dec-2007	1,000,000.00	1,000,000.00	WG	365	365,000,000	339	339,000,000
BOND	BNS	4.19	10-Dec-2006	10-Dec-2007	2,000,000.00	2,000,000.00	WG	365	730,000,000	344	688,000,000
BOND	RBC	4.20	12-Jan-2006	16-Dec-2007	1,495,500.00	1,500,000.00	WG	703	1,051,336,500	350	523,425,000
BOND	FARM CREDIT	4.14	20-Dec-2006	20-Dec-2007	1,000,000.00	1,000,000.00	CAN	365	365,000,000	354	354,000,000
BOND	FARM CREDIT	4.14	20-Dec-2006	20-Dec-2007	1,000,000.00	1,000,000.00	WG	365	365,000,000	354	354,000,000
BOND	MANITOBA	4.14	29-Dec-2006	31-Dec-2007	1,000,000.00	1,000,000.00	WG	367	367,000,000	365	365,000,000
				Between three months and one year	71,800,100	34.8%
BOND	ONT	4.53	17-Nov-2003	19-Nov-2008	996,500.00	1,000,000.00	CAN	1,829	1,822,598,500	689	686,588,500
BOND	ONT	4.57	17-Nov-2003	19-Nov-2008	497,295.00	500,000.00	CAN	1,829	909,552,555	689	342,636,255
BOND	ONT	4.19	22-Nov-2006	22-Nov-2008	1,000,000.00	1,000,000.00	WG	731	731,000,000	692	692,000,000
BOND	ONT	3.22	15-Jun-2005	01-Dec-2008	3,244,932.00	3,000,000.00	MER	1,265	4,104,838,980	701	2,274,697,332
BOND	CHT	3.61	17-Mar-2004	15-Mar-2009	998,780.00	1,000,000.00	WG	1,824	1,821,774,720	805	804,017,900
BOND	CHT	4.30	24-Apr-2006	15-Mar-2009	2,947,500.00	3,000,000.00	BMO	1,056	3,112,560,000	805	2,372,737,500
BOND	CIBC	4.38	26-Mar-2004	26-Mar-2009	10,365,000.00	10,000,000.00	RBC	1,826	18,926,490,000	816	8,457,840,000
BOND	ONT	4.19	03-May-2004	19-May-2009	2,980,260.00	3,000,000.00	RBC	1,842	5,489,638,920	870	2,592,826,200
BOND	GOV CAN	4.20	10-Jul-2003	01-Jun-2009	2,138,920.00	2,000,000.00	RBC	2,153	4,605,094,760	883	1,888,666,360
BOND	CMHC	4.20	20-Sep-2004	15-Sep-2009	1,020,270.00	1,000,000.00	WG	1,821	1,857,911,670	989	1,009,047,030
BOND	LONDON	4.58	19-Sep-2003	19-Sep-2009	498,830.00	500,000.00	WG	2,192	1,093,435,360	993	495,338,190
BOND	TORONTO	4.59	25-Sep-2003	25-Sep-2009	499,100.00	500,000.00	WG	2,192	1,094,027,200	999	498,600,900
BOND	TORONTO	4.59	25-Sep-2003	25-Sep-2009	499,100.00	500,000.00	MER	2,192	1,094,027,200	999	498,600,900
BOND	CHT	3.63	27-Sep-2005	15-Sep-2010	998,910.00	1,000,000.00	WG	1,814	1,812,022,740	1,354	1,352,524,140
BOND	CHT	4.04	09-Dec-2005	15-Sep-2010	1,964,800.00	2,000,000.00	BMO	1,741	3,420,716,800	1,354	2,660,339,200
BOND	CHT	4.02	18-Jan-2006	15-Sep-2010	2,945,340.00	3,000,000.00	BMO	1,701	5,010,023,340	1,354	3,987,990,360
BOND	CHT	4.31	06-Apr-2006	15-Sep-2010	2,913,900.00	3,000,000.00	BMO	1,623	4,729,259,700	1,354	3,945,420,600
BOND	TORONTO	4.80	25-Sep-2003	25-Sep-2010	499,900.00	500,000.00	WG	2,557	1,278,244,300	1,364	681,863,600
BOND	CHT	4.26	29-Mar-2006	15-Mar-2011	1,984,980.00	2,000,000.00	WG	1,812	3,596,783,760	1,535	3,046,944,300
BOND	YORK	4.21	25-May-2005	25-May-2011	997,900.00	1,000,000.00	WG	2,191	2,186,398,900	1,606	1,602,627,400
BOND	HALTON	4.68	13-Feb-2004	12-Feb-2012	989,018.00	991,000.00	WG	2,921	2,888,921,578	1,869	1,848,474,642
BOND	BCMFA	5.03	22-Apr-2004	22-Apr-2013	998,900.00	1,000,000.00	CAN	3,287	3,283,384,300	2,304	2,301,465,600
BOND	YORK	4.04	27-Sep-2005	27-Sep-2013	1,986,000.00	2,000,000.00	WG	2,922	5,803,092,000	2,462	4,889,532,000
BOND	ONT	5.18	09-Aug-2004	08-Mar-2014	991,630.00	1,000,000.00	CAN	3,498	3,468,721,740	2,624	2,602,037,120
BOND	ON	5.05	08-Oct-2004	08-Mar-2014	1,000,830.00	1,000,000.00	CAN	3,438	3,440,853,540	2,624	2,626,177,920
BOND	CIBC	4.84	14-Mar-2005	22-Dec-2014	1,994,880.00	2,000,000.00	WG	3,570	7,121,721,600	2,913	5,811,085,440
BOND	ONT	4.28	22-Jul-2005	08-Mar-2015	1,021,050.00	1,000,000.00	WG	3,516	3,590,011,800	2,989	3,051,918,450
BOND	ONT	4.32	24-Oct-2005	08-Mar-2015	3,052,200.00	3,000,000.00	RBC	3,422	10,444,628,400	2,989	9,123,025,800
BOND	TORONTO	4.68	20-May-2005	20-May-2015	1,292,473.00	1,300,000.00	WG	3,652	4,720,111,396	3,062	3,957,552,326
				Over 1 year	53,319,198	25.8%
		Portfolio excluding Bonds			$         94,087,760			Average Length of Investment (days)	743.0
		Bond Portfolio			$       111,943,098
								Weighted Average Days to Maturity	459.2
		Portfolio Balance Dec 31, 2005			$       206,030,858
		General Fund and Other Reserves
		(not including DCA)