The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108   3,005,402 60,197 SH   SOLE 1 60,197 0 0
AMAZON COM INC COM 023135106   977,700 7,500 SH   SOLE 1 7,500 0 0
ATS CORPORATION COM 00217Y104   5,820,885 126,525 SH   SOLE 1 126,525 0 0
BANK AMERICA CORP COM 060505104   2,151,750 75,000 SH   SOLE 1 75,000 0 0
BANK MONTREAL QUE COM 063671101   3,490,980 38,661 SH   SOLE 1 38,661 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107   1,619,134 32,367 SH   SOLE 1 32,367 0 0
BARRICK GOLD CORP COM 067901108   565,934 33,460 SH   SOLE 1 33,460 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   4,265,174 126,708 SH   SOLE 1 126,708 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101   4,616,472 126,350 SH   SOLE 1 126,350 0 0
CAE INC COM 124765108   8,282,042 370,075 SH   SOLE 1 370,075 0 0
CAMECO CORP COM 13321L108   2,795,974 89,260 SH   SOLE 1 89,260 0 0
CANADIAN NAT RES LTD COM 136385101   4,660,065 82,895 SH   SOLE 1 82,895 0 0
CANADIAN NATL RY CO COM 136375102   1,435,472 11,856 SH   SOLE 1 11,856 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   20,360,882 252,100 SH   SOLE 1 252,100 0 0
CELESTICA INC SUB VTG SHS 15101Q108   2,552,374 175,860 SH   SOLE 1 175,860 0 0
CENOVUS ENERGY INC COM 15135U109   1,214,699 71,530 SH   SOLE 1 71,530 0 0
CGI INC CL A SUB VTG 12532H104   2,214,183 21,000 SH   SOLE 1 21,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101   2,799,096 415,790 SH   SOLE 1 415,790 0 0
DENISON MINES CORP COM 248356107   1,810,146 1,444,800 SH   SOLE 1 1,444,800 0 0
DOCEBO INC COM 25609L105   7,260,776 183,452 SH   SOLE 1 183,452 0 0
ENBRIDGE INC COM 29250N105   3,653,092 98,298 SH   SOLE 1 98,298 0 0
ENDEAVOUR SILVER CORP COM 29258Y103   1,252,931 431,190 SH   SOLE 1 431,190 0 0
ENERFLEX LTD COM 29269R105   1,796,569 263,900 SH   SOLE 1 263,900 0 0
ENERGY FUELS INC COM NEW 292671708   1,978,990 318,600 SH   SOLE 1 318,600 0 0
ENERPLUS CORP COM 292766102   4,868,115 335,940 SH   SOLE 1 335,940 0 0
ERO COPPER CORP COM 296006109   2,550,531 126,095 SH   SOLE 1 126,095 0 0
FEDEX CORP COM 31428X106   1,611,350 6,500 SH   SOLE 1 6,500 0 0
FRANCO NEV CORP COM 351858105   2,113,314 14,830 SH   SOLE 1 14,830 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104   3,402,912 87,650 SH   SOLE 1 87,650 0 0
HOWMET AEROSPACE INC COM 443201108   2,725,800 55,000 SH   SOLE 1 55,000 0 0
HUDBAY MINERALS INC COM 443628102   1,485,037 309,860 SH   SOLE 1 309,860 0 0
IAMGOLD CORP COM 450913108   794,742 300,000 SH   SOLE 1 300,000 0 0
MANULIFE FINL CORP COM 56501R106   2,132,739 112,851 SH   SOLE 1 112,851 0 0
NEXGEN ENERGY LTD COM 65340P106   1,199,047 254,190 SH   SOLE 1 254,190 0 0
NUTRIEN LTD COM 67077M108   1,494,596 25,320 SH   SOLE 1 25,320 0 0
ORLA MNG LTD NEW COM 68634K106   1,540,853 367,188 SH   SOLE 1 367,188 0 0
OSISKO DEVELOPMENT CORP COM NEW 68828E809   898,913 194,930 SH   SOLE 1 194,930 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   6,522,967 424,492 SH   SOLE 1 424,492 0 0
PEMBINA PIPELINE CORP COM 706327103   1,497,561 47,640 SH   SOLE 1 47,640 0 0
PRECISION DRILLING CORP COM NEW 74022D407   2,020,697 41,400 SH   SOLE 1 41,400 0 0
PRIMO WATER CORPORATION COM 74167P108   130,674 10,430 SH   SOLE 1 10,430 0 0
QUANTA SVCS INC COM 74762E102   1,964,500 10,000 SH   SOLE 1 10,000 0 0
RB GLOBAL INC COM 74935Q107   9,346,868 155,780 SH   SOLE 1 155,780 0 0
RENTOKIL INITIAL PLC SPONSORED ADR 760125104   1,950,500 50,000 SH   SOLE 1 50,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103   2,647,297 34,150 SH   SOLE 1 34,150 0 0
ROGERS COMMUNICATIONS INC CL B 775109200   12,422,870 272,240 SH   SOLE 1 272,240 0 0
ROYAL BK CDA COM 780087102   10,963,091 114,809 SH   SOLE 1 114,809 0 0
SANDSTORM GOLD LTD COM NEW 80013R206   1,700,593 331,843 SH   SOLE 1 331,843 0 0
SHOPIFY INC CL A 82509L107   4,409,085 68,230 SH   SOLE 1 68,230 0 0
STANTEC INC COM 85472N109   2,554,398 39,160 SH   SOLE 1 39,160 0 0
SUN LIFE FINANCIAL INC. COM 866796105   3,282,148 62,970 SH   SOLE 1 62,970 0 0
SUNCOR ENERGY INC NEW COM 867224107   2,210,104 75,355 SH   SOLE 1 75,355 0 0
SUNOPTA INC COM 8676EP108   1,389,626 207,810 SH   SOLE 1 207,810 0 0
TC ENERGY CORP COM 87807B107   7,512,344 185,905 SH   SOLE 1 185,905 0 0
TECK RESOURCES LTD CL B 878742204   1,130,401 26,870 SH   SOLE 1 26,870 0 0
THOMSON REUTERS CORP. COM 884903808   1,818,355 13,470 SH   SOLE 1 13,470 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   9,089,225 146,661 SH   SOLE 1 146,661 0 0
TRANSALTA CORP COM 89346D107   3,359,038 358,910 SH   SOLE 1 358,910 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102   3,560,882 403,940 SH   SOLE 1 403,940 0 0
TRIPLE FLAG PRECIOUS METAL COM 89679M104   3,735,672 271,509 SH   SOLE 1 271,509 0 0
UBER TECHNOLOGIES INC COM 90353T100   2,806,050 65,000 SH   SOLE 1 65,000 0 0
UNITED RENTALS INC COM 911363109   7,869,688 17,670 SH   SOLE 1 17,670 0 0
VALVOLINE INC COM 92047W101   2,625,700 70,000 SH   SOLE 1 70,000 0 0
VERMILION ENERGY INC COM 923725105   1,867,500 150,000 SH   SOLE 1 150,000 0 0
VISA INC COM CL A 92826C839   1,187,400 5,000 SH   SOLE 1 5,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105   3,480,863 40,500 SH   SOLE 1 40,500 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   1,923,275 44,480 SH   SOLE 1 44,480 0 0
XPO INC COM 983793100   1,675,600 28,400 SH   SOLE 1 28,400 0 0