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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AECOM COM 00766T100 1,141 17,500 SH   SOLE 1 17,500 0 0
AGNICO EAGLE MINES LTD COM 008474108 1,522 33,257 SH   SOLE 1 33,257 0 0
ALGOMA STL GROUP INC COM 015658107 2,274 254,100 SH   SOLE 1 254,100 0 0
BANK MONTREAL QUE COM 063671101 5,691 59,181 SH   SOLE 1 59,181 0 0
BANK NOVA SCOTIA B C COM 064149107 5,158 87,167 SH   SOLE 1 87,167 0 0
BARRICK GOLD CORP COM 067901108 2,013 113,870 SH   SOLE 1 113,870 0 0
BCE INC COM NEW 05534B760 4,199 85,440 SH   SOLE 1 85,440 0 0
BCE INC COM NEW 05534B760 121 2,470 SH   SOLE _ 2,470 0 0
BERKLEY W R CORP COM 084423102 1,707 25,000 SH   SOLE 1 25,000 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 4,187 94,118 SH   SOLE 1 94,118 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 334 7,500 SH   SOLE _ 7,500 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 1,147 30,000 SH   SOLE 1 30,000 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 178 4,650 SH   SOLE _ 4,650 0 0
CAE INC COM 124765108 4,925 199,990 SH   SOLE 1 199,990 0 0
CAMECO CORP COM 13321L108 1,290 61,350 SH   SOLE 1 61,350 0 0
CANADIAN IMP BK COMM COM 136069101 4,093 84,280 SH   SOLE 1 84,280 0 0
CANADIAN NAT RES LTD COM 136385101 3,082 57,365 SH   SOLE 1 57,365 0 0
CANADIAN NATL RY CO COM 136375102 4,825 42,900 SH   SOLE 1 42,900 0 0
CANADIAN NATL RY CO COM 136375102 179 1,590 SH   SOLE _ 1,590 0 0
CANADIAN PAC RY LTD COM 13645T100 4,950 70,870 SH   SOLE 1 70,870 0 0
CANADIAN PAC RY LTD COM 13645T100 220 3,150 SH   SOLE _ 3,150 0 0
CENOVUS ENERGY INC COM 15135U109 3,099 162,910 SH   SOLE 1 162,910 0 0
CRESCENT PT ENERGY CORP COM 22576C101 588 82,780 SH   SOLE 1 82,780 0 0
CSX CORP COM 126408103 363 12,500 SH   SOLE 1 12,500 0 0
DENISON MINES CORP COM 248356107 1,924 1,950,000 SH   SOLE 1 1,950,000 0 0
DESCARTES SYS GROUP INC COM 249906108 1,267 20,390 SH   SOLE 1 20,390 0 0
DOCEBO INC COM 25609L105 2,275 79,210 SH   SOLE 1 79,210 0 0
DOCEBO INC COM 25609L105 35 1,210 SH   SOLE _ 1,210 0 0
DOLLAR TREE INC COM 256746108 3,917 25,130 SH   SOLE 1 25,130 0 0
ELEVANCE HEALTH INC COM 036752103 2,413 5,000 SH   SOLE 1 5,000 0 0
ENBRIDGE INC COM 29250N105 4,484 106,178 SH   SOLE 1 106,178 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 942 300,000 SH   SOLE 1 300,000 0 0
ENERGY FUELS INC COM NEW 292671708 1,704 346,000 SH   SOLE 1 346,000 0 0
ENERPLUS CORP COM 292766102 5,558 420,580 SH   SOLE 1 420,580 0 0
FIRSTSERVICE CORP NEW COM 33767E202 257 2,120 SH   SOLE 1 2,120 0 0
FRANCO NEV CORP COM 351858105 5,974 45,410 SH   SOLE 1 45,410 0 0
GENERAL MTRS CO COM 37045V100 1,588 50,000 SH   SOLE 1 50,000 0 0
HUMANA INC COM 444859102 3,042 6,500 SH   SOLE 1 6,500 0 0
I-80 GOLD CORP COM 44955L106 721 400,000 SH   SOLE 1 400,000 0 0
JACOBS ENGR GROUP INC COM 469814107 636 5,000 SH   SOLE 1 5,000 0 0
LIGHTSPEED COMMERCE INC SUB VTG SHS 53229C107 2,431 109,020 SH   SOLE 1 109,020 0 0
LIGHTSPEED COMMERCE INC SUB VTG SHS 53229C107 57 2,550 SH   SOLE _ 2,550 0 0
MAGNA INTL INC COM 559222401 2,422 44,111 SH   SOLE 1 44,111 0 0
MANULIFE FINL CORP COM 56501R106 2,146 123,771 SH   SOLE 1 123,771 0 0
MANULIFE FINL CORP COM 56501R106 43 2,500 SH   SOLE _ 2,500 0 0
MAVERIX METALS INC COM NEW 57776F405 1,968 454,000 SH   SOLE 1 454,000 0 0
NEXGEN ENERGY LTD COM 65340P106 1,436 400,000 SH   SOLE 1 400,000 0 0
NUTRIEN LTD COM 67077M108 3,118 39,155 SH   SOLE 1 39,155 0 0
NUTRIEN LTD COM 67077M108 56 700 SH   SOLE _ 700 0 0
OBSIDIAN ENERGY LTD COM 674482203 1,506 195,000 SH   SOLE 1 195,000 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 2,622 260,000 SH   SOLE 1 260,000 0 0
PEMBINA PIPELINE CORP COM 706327103 2,845 80,490 SH   SOLE 1 80,490 0 0
PRECISION DRILLING CORP COM NEW 74022D407 10,453 162,760 SH   SOLE 1 162,760 0 0
PROFOUND MED CORP COM NEW 74319B502 791 108,309 SH   SOLE 1 108,309 0 0
PROFOUND MED CORP COM NEW 74319B502 20 2,690 SH   SOLE _ 2,690 0 0
PROGRESSIVE CORP COM 743315103 1,453 12,500 SH   SOLE 1 12,500 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 1,221 80,000 SH   SOLE 1 80,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 239 4,760 SH   SOLE 1 4,760 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 44 870 SH   SOLE _ 870 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 6,911 144,250 SH   SOLE 1 144,250 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 86 1,800 SH   SOLE _ 1,800 0 0
ROYAL BK CDA COM 780087102 10,882 112,389 SH   SOLE 1 112,389 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 2,121 357,300 SH   SOLE 1 357,300 0 0
SANGOMA TECHNOLOGIES CORP COM NEW 80100R408 1,007 119,154 SH   SOLE 1 119,154 0 0
SHOPIFY INC CL A 82509L107 1,191 38,120 SH   SOLE 1 38,120 0 0
SHOPIFY INC CL A 82509L107 50 1,600 SH   SOLE _ 1,600 0 0
SILVERCREST METALS INC COM 828363101 1,223 200,000 SH   SOLE 1 200,000 0 0
SSR MNG INC COM 784730103 1,503 90,000 SH   SOLE 1 90,000 0 0
STANTEC INC COM 85472N109 488 11,140 SH   SOLE 1 11,140 0 0
STANTEC INC COM 85472N109 127 2,890 SH   SOLE _ 2,890 0 0
SUNCOR ENERGY INC NEW COM 867224107 3,794 108,135 SH   SOLE 1 108,135 0 0
SVB FINANCIAL GROUP COM 78486Q101 1,580 4,000 SH   SOLE 1 4,000 0 0
SYSCO CORP COM 871829107 2,330 27,500 SH   SOLE 1 27,500 0 0
TC ENERGY CORP COM 87807B107 2,463 47,555 SH   SOLE 1 47,555 0 0
TECK RESOURCES LTD CL B 878742204 483 15,800 SH   SOLE 1 15,800 0 0
TELUS INTL CDA INC SUB VTG SHS 87975H100 1,889 75,290 SH   SOLE 1 75,290 0 0
TELUS INTL CDA INC SUB VTG SHS 87975H100 79 3,150 SH   SOLE _ 3,150 0 0
TFI INTL INC COM 87241L109 1,461 18,200 SH   SOLE 1 18,200 0 0
THOMSON REUTERS CORP. COM NEW 884903709 5,472 52,500 SH   SOLE 1 52,500 0 0
THOMSON REUTERS CORP. COM NEW 884903709 104 1,000 SH   SOLE _ 1,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 8,445 128,794 SH   SOLE 1 128,794 0 0
TRANSALTA CORP COM 89346D107 7,129 625,000 SH   SOLE 1 625,000 0 0
TREX CO INC COM 89531P105 544 10,000 SH   SOLE 1 10,000 0 0
TRICON RESIDENTIAL INC COM NPV 89612W102 3,802 375,000 SH   SOLE 1 375,000 0 0
UNITED RENTALS INC COM 911363109 2,942 12,110 SH   SOLE 1 12,110 0 0
VERMILION ENERGY INC COM 923725105 1,412 74,200 SH   SOLE 1 74,200 0 0
VISA INC COM CL A 92826C839 2,953 15,000 SH   SOLE 1 15,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 634 17,610 SH   SOLE 1 17,610 0 0