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 910 13,310 SH   SOLE 1 13,310 0 0
AGNICO EAGLE MINES LTD COM 008474108 3,812 90,297 SH   SOLE 1 90,297 0 0
ALGOMA STL GROUP INC COM 015658107 1,474 229,100 SH   SOLE 1 229,100 0 0
ALGONQUIN PWR UTILS CORP COM 015857105 1,637 150,000 SH   SOLE 1 150,000 0 0
AUTOZONE INC COM 053332102 1,114 520 SH   SOLE 1 520 0 0
BANK MONTREAL QUE COM 063671101 12,057 137,661 SH   SOLE 1 137,661 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 1,640 34,517 SH   SOLE 1 34,517 0 0
BARRICK GOLD CORP COM 067901108 1,628 105,200 SH   SOLE 1 105,200 0 0
BCE INC COM NEW 05534B760 3,178 75,900 SH   SOLE 1 75,900 0 0
BCE INC COM NEW 05534B760 103 2,470 SH   SOLE _ 2,470 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 6,324 154,758 SH   SOLE 1 154,758 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 368 9,000 SH   SOLE _ 9,000 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 3,766 105,000 SH   SOLE 1 105,000 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 211 5,900 SH   SOLE _ 5,900 0 0
CAMECO CORP COM 13321L108 858 32,370 SH   SOLE 1 32,370 0 0
CANADIAN NAT RES LTD COM 136385101 4,590 98,745 SH   SOLE 1 98,745 0 0
CANADIAN NATL RY CO COM 136375102 5,074 47,036 SH   SOLE 1 47,036 0 0
CANADIAN NATL RY CO COM 136375102 159 1,470 SH   SOLE _ 1,470 0 0
CANADIAN PAC RY LTD COM 13645T100 4,661 69,920 SH   SOLE 1 69,920 0 0
CANADIAN PAC RY LTD COM 13645T100 210 3,150 SH   SOLE _ 3,150 0 0
CENOVUS ENERGY INC COM 15135U109 1,917 124,930 SH   SOLE 1 124,930 0 0
CGI INC CL A SUB VTG 12532H104 971 12,920 SH   SOLE 1 12,920 0 0
CGI INC CL A SUB VTG 12532H104 68 900 SH   SOLE _ 900 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 3,987 43,520 SH   SOLE 1 43,520 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 44 480 SH   SOLE _ 480 0 0
COMERICA INC COM 200340107 1,778 25,000 SH   SOLE 1 25,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 1,185 192,890 SH   SOLE 1 192,890 0 0
DENISON MINES CORP COM 248356107 2,270 1,950,000 SH   SOLE 1 1,950,000 0 0
DOCEBO INC COM 25609L105 5,423 201,110 SH   SOLE 1 201,110 0 0
DOCEBO INC COM 25609L105 52 1,940 SH   SOLE _ 1,940 0 0
DOLLAR GEN CORP NEW COM 256677105 2,638 11,000 SH   SOLE 1 11,000 0 0
DOLLAR TREE INC COM 256746108 1,034 7,600 SH   SOLE 1 7,600 0 0
ENBRIDGE INC COM 29250N105 3,633 98,098 SH   SOLE 1 98,098 0 0
ENERGY FUELS INC COM NEW 292671708 2,109 346,000 SH   SOLE 1 346,000 0 0
ENERPLUS CORP COM 292766102 4,156 293,870 SH   SOLE 1 293,870 0 0
ERO COPPER CORP COM 296006109 552 50,000 SH   SOLE 1 50,000 0 0
FRANCO NEV CORP COM 351858105 4,787 40,100 SH   SOLE 1 40,100 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104 2,457 97,240 SH   SOLE 1 97,240 0 0
GRIFFON CORP COM 398433102 2,556 86,580 SH   SOLE 1 86,580 0 0
HUMANA INC COM 444859102 4,367 9,000 SH   SOLE 1 9,000 0 0
I-80 GOLD CORP COM 44955L106 353 200,000 SH   SOLE 1 200,000 0 0
LIGHTSPEED COMMERCE INC SUB VTG SHS 53229C107 1,587 90,270 SH   SOLE 1 90,270 0 0
LIGHTSPEED COMMERCE INC SUB VTG SHS 53229C107 33 1,900 SH   SOLE _ 1,900 0 0
M & T BK CORP COM 55261F104 2,204 12,500 SH   SOLE 1 12,500 0 0
MANULIFE FINL CORP COM 56501R106 1,672 106,681 SH   SOLE 1 106,681 0 0
MAVERIX METALS INC COM NEW 57776F405 1,672 503,700 SH   SOLE 1 503,700 0 0
NEXGEN ENERGY LTD COM 65340P106 1,665 457,750 SH   SOLE 1 457,750 0 0
NUTRIEN LTD COM 67077M108 3,674 44,115 SH   SOLE 1 44,115 0 0
NUTRIEN LTD COM 67077M108 58 700 SH   SOLE _ 700 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 5,786 568,800 SH   SOLE 1 568,800 0 0
PEMBINA PIPELINE CORP COM 706327103 1,841 60,700 SH   SOLE 1 60,700 0 0
PRECISION DRILLING CORP COM NEW 74022D407 6,196 122,510 SH   SOLE 1 122,510 0 0
PROGRESSIVE CORP COM 743315103 2,168 18,660 SH   SOLE 1 18,660 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 491 52,090 SH   SOLE 1 52,090 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 2,995 77,810 SH   SOLE 1 77,810 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 69 1,800 SH   SOLE _ 1,800 0 0
ROYAL BK CDA COM 780087102 11,269 125,309 SH   SOLE 1 125,309 0 0
SANDSTORM GOLD LTD COM NEW 80013R206 4,511 872,683 SH   SOLE 1 872,683 0 0
SHOPIFY INC CL A 82509L107 1,016 37,800 SH   SOLE 1 37,800 0 0
SHOPIFY INC CL A 82509L107 43 1,590 SH   SOLE _ 1,590 0 0
SOUTHWEST AIRLS CO COM 844741108 1,234 40,000 SH   SOLE 1 40,000 0 0
SSR MNG INC COM 784730103 734 50,000 SH   SOLE 1 50,000 0 0
STANTEC INC COM 85472N109 4,090 93,340 SH   SOLE 1 93,340 0 0
STANTEC INC COM 85472N109 107 2,450 SH   SOLE _ 2,450 0 0
SUN LIFE FINANCIAL INC. COM 866796105 737 18,550 SH   SOLE 1 18,550 0 0
SUNCOR ENERGY INC NEW COM 867224107 2,468 87,755 SH   SOLE 1 87,755 0 0
T-MOBILE US INC COM 872590104 1,342 10,000 SH   SOLE 1 10,000 0 0
TC ENERGY CORP COM 87807B107 1,810 45,005 SH   SOLE 1 45,005 0 0
TECK RESOURCES LTD CL B 878742204 351 11,560 SH   SOLE 1 11,560 0 0
TELUS INTL CDA INC SUB VTG SHS 87975H100 522 19,980 SH   SOLE 1 19,980 0 0
TELUS INTL CDA INC SUB VTG SHS 87975H100 42 1,600 SH   SOLE _ 1,600 0 0
TFI INTL INC COM 87241L109 452 5,000 SH   SOLE 1 5,000 0 0
THOMSON REUTERS CORP. COM NEW 884903709 4,739 46,210 SH   SOLE 1 46,210 0 0
THOMSON REUTERS CORP. COM NEW 884903709 103 1,000 SH   SOLE _ 1,000 0 0
TJX COS INC NEW COM 872540109 777 12,500 SH   SOLE 1 12,500 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 9,299 151,811 SH   SOLE 1 151,811 0 0
TRANSALTA CORP COM 89346D107 8,829 1,000,000 SH   SOLE 1 1,000,000 0 0
UBER TECHNOLOGIES INC COM 90353T100 1,060 40,000 SH   SOLE 1 40,000 0 0
UNITED RENTALS INC COM 911363109 8,601 31,840 SH   SOLE 1 31,840 0 0
UNITEDHEALTH GROUP INC COM 91324P102 3,788 7,500 SH   SOLE 1 7,500 0 0
WASTE CONNECTIONS INC COM 94106B101 1,351 10,000 SH   SOLE 1 10,000 0 0
WASTE CONNECTIONS INC COM 94106B101 55 410 SH   SOLE _ 410 0 0
WEST FRASER TIMBER CO LTD COM 952845105 1,087 15,000 SH   SOLE 1 15,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,010 31,230 SH   SOLE 1 31,230 0 0