RBC Asset Management SC13G 12-31-2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
______________________________
 
SCHEDULE 13G
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

(Initial Filing)
 
METHANEX CORPORATION
(Name of Issuer)

Common Stock
(Title of Class of Securities)

59151K108
(CUSIP Number)
 
December 31, 2005
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

____________________
1The 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 pur-pose 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).


CUSIP NO. 59151K108
13G
Page 2 of 7 Pages
 
1. 
_______
NAME OF REPORTING PERSON:
 
RBC Asset Management Inc. (1)
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
2. 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o  
(b) o  
3. 
 
SEC USE ONLY
 
 
4. 
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
The jurisdiction of organization is Canada (federally incorporated company).
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
___________________
5.
_______
SOLE VOTING POWER
N/A
 
6.
 
SHARED VOTING POWER
 
10,373,088
 
7.
 
SOLE DISPOSITIVE POWER
N/A
 
8.
 
SHARED DISPOSITIVE POWER
 
10,373,088
 
9. 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
10,373,088
 
10. 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
11. 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
8.89%
 
12. 
 
TYPE OF REPORTING PERSON
Foreign Investment Advisor which received SEC no-action relief to file on Schedule 13G as a “Qualified Investment Investor”.
 
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP NO. 59151K108
13G
Page 3 of 7 Pages
 
1. 
_______
NAME OF REPORTING PERSON:
 
The Royal Trust Company
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
2. 
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) o  
(b) o  
3. 
 
SEC USE ONLY
 
 
4. 
 
CITIZENSHIP OR PLACE OF ORGANIZATION:
The jurisdiction of organization is Canada (federally incorporated company).
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
___________________
5.
_______
SOLE VOTING POWER
N/A
 
6.
 
SHARED VOTING POWER
 
10,151, 738
 
7.
 
SOLE DISPOSITIVE POWER
N/A
 
8.
 
SHARED DISPOSITIVE POWER
 
10,151, 738
 
9. 
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
10,151,738
 
10. 
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
 
11. 
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
8.70%
 
12. 
 
TYPE OF REPORTING PERSON
Foreign Trust Company which received SEC no-action relief to file on Schedule 13G as a “Qualified Investment Investor”.
 
 
*SEE INSTRUCTIONS BEFORE FILLING OUT!
 

Item 1 (a).
Name of Issuer:
   
 
Methanex Corporation
   
Item 1 (b).
Address of Issuer’s Principal Executive Offices:
   
 
1800 Waterfront Centre, 200 Burrard Street, Vancouver, BC, CANADA, V6C 3M1
   
Item 2(a).
Name of Person Filing:
   
 
RBC Asset Management Inc. (“RBC AM”)
 
The Royal Trust Company (“RT”)
   
Item 2 (b).
Address of Principal Business Office or, if none, Residence:
   
 
RBC Asset Management (“RBC AM”)
 
Royal Trust Tower, Suite 3800
 
77 King Street West
 
Toronto, Ontario M5K 1H1
   
 
The Royal Trust Company
 
Royal Trust Tower, P.O. Box 7500, Station A
 
77 King Street West, 6th Floor
 
Toronto, Ontario M5W 1P9
   
Item 2 (c).
Citizenship:
   
 
Canada
   
Item 2 (d).
Title of Class of Securities:
   
 
Common Stock
   
Item 2(e).
CUSIP Number:
   
 
59151K108

Item 3.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
 
1.    RBC Asset Management Inc. is a Foreign Investment Advisor which received SEC no-action relief on Schedule 13G as a Qualified Institutional Investor
 
2.    Royal Trust is a Foreign Trust Company which received SEC no-action relief to file on Schedule 13G as a Qualified Institutional Investor.
 
Page 4 of 7

Item 4.
Ownership
 
 
(a)   
Amount beneficially owned:
   
1.     RBC AM - 10,373,088
   
2.     RT- 10,151, 738
     
 
(b)
Percent of class:
   
1.     RBC AM - 8.89%
   
2.     RT- 8.70%
     
 
(c)
Number of shares as to which such person has:
     
 
(i)
sole power to vote or to direct the vote: N/A
     
 
(ii)
shared power to vote or to direct the vote:
     
   
1.     RBC AM - 10,373,088
   
2.     RT- 10,151,738
     
 
(iii)
sole power to dispose or to direct the disposition of: N/A
     
 
(iv)
shared power to dispose or to direct the disposition of:
     
   
1.     RBC AM - 10,373,088
   
2.     RT- 10,151,738

Item 5.
Ownership of Five Percent or Less of a Class: N/A

Item 6.
Ownership of More Than Five Percent on Behalf of Another Person.
 
 
1.
RBC Asset Management Inc. is a Foreign Investment Advisor which received SEC no-action relief on Schedule 13G as a Qualified Institutional Investor
 
 
2.
Royal Trust is a Foreign Trust Company which received SEC no-action relief to file on Schedule 13G as a Qualified Institutional Investor.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

N/A

Item 8.
Identification and Classification of Members of the Group.

N/A

Item 9.
Notice of Dissolution of Group.

N/A

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.

(1) RBC Asset Management Inc. is the successor in interest to RBC Global Investment Management Inc. and RBC Funds Inc., which were amalgamated in 2003.

Page 5 of 7

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 8, 2006
  
 
(Date)
   
   
 
“M. George Lewis”
  
 
(Signature)
   
 
M. George Lewis / Head, Brokerage, Asset Management & Products Canada
 
(Name/Title)
   
   
   
 
“M. George Lewis”
 
(Signature)
   
 
M. George Lewis / Authorized Signatory, The Royal Trust Company
 
(Name/Title)
 
Page 6 of 7

EXHIBIT A TO SCHEDULE 13G
JOINT FILING AGREEMENT

Each of the undersigned persons hereby agrees and consents to this joint filing of Schedule 13G on such person’s behalf, pursuant to Section 13 (d) and (g) of the Securities and Exchange Act of 1934, as amended, and the rules promulgated thereunder. Each of these persons is not responsible for the completeness or accuracy of the information concerning the other persons making this filing, unless such persons know or have reason to believe that such information is inaccurate.
 
  Dated: February 8, 2006
     
     
  RBC Asset Management Inc.
     
  By:
  “M. George Lewis”`
   
Head, Brokerage, Asset Management & Products - Canada
     
     
  The Royal Trust Company
     
  By:
“M. George Lewis”
   
Authorized Signatory
 
 
Page 6 of 7