A total of 600 dream reports were collected from 300 Canadian university students, 150 female and 150 male, and their content analyzed with the Hall and Van de Castle (1966) system of categories. The main dream content categories were characters, aggressive and friendly interactions, positive and negative emotions, and dream outcomes. The main purpose of the analysis was to provide normative data for a large sample of young Canadians to determine (a) whether negative elements prevail over positive ones, as assumed by the threat simulation theory and (b) whether dream gender differences are consistent with differences in waking life, in accordance with the continuity hypothesis. Overall, findings support both theories. The final objective was to compare the Canadian data, relative to gender differences, with normative data established in 1966 with the original American sample. Findings for males and females and gender differences remain consistent with the American normative data for most categories despite a 50 years interval. Similarities in Canadian and American dream content reflect similarities between the respective cultures. They also attest to fundamental structural dimensions of dream content that transcend cultures. Other types of content analysis relative to themes, for instance, might be appropriate to highlight cultural differences.