SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

(Last)

(First)

(Middle)

CENTRE CDP CAPITAL,

1000 PLACE JEAN-PAUL RIOPELLE

(Street)

MONTREAL

H2Z2B3

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SMTC CORP [ SMTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/12/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	07/12/2007		S		1,162	D	$7.31	1,551,838	D
Common Stock⁽¹⁾	07/12/2007		S		100	D	$7.4	1,551,738	D
Common Stock⁽¹⁾	07/12/2007		S		300	D	$7.41	1,551,438	D
Common Stock⁽¹⁾	07/12/2007		S		1,675	D	$7.42	1,549,763	D
Common Stock⁽¹⁾	07/12/2007		S		550	D	$7.43	1,549,213	D
Common Stock⁽¹⁾	07/12/2007		S		665	D	$7.44	1,548,548	D
Common Stock⁽¹⁾	07/12/2007		S		1,548	D	$7.45	1,547,000	D
Common Stock⁽¹⁾	07/12/2007		S		6,850	D	$7.46	1,540,150	D
Common Stock⁽¹⁾	07/12/2007		S		3,500	D	$7.47	1,536,650	D
Common Stock⁽¹⁾	07/12/2007		S		150	D	$7.48	1,536,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. In December 2005, the Reporting Person exchanged 1,700,000 exchangeable shares in SMTC Manufacturing Corporation of Canada, a wholly owned subsidiary of the issuer, for 1,700,000 shares of common stock of the issuer. The exchangeable shares were exchangeable, without further payment, at any time at the option of the holder on a one-for-one basis for shares of common stock of the issuer.

	/s/ Sophie Lussier, Senior Legal Counsel and Attorney-in-Fact	07/16/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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