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
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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
3M Company Common Stock 88579Y101   10,584 100,698 SH   SOLE   100,298 400 0
Abbott Laboratories Common Stock 002824100   228,664 2,258,191 SH   SOLE   2,008,846 249,345 0
Abbvie Inc Common Stock 00287Y109   23,329 146,385 SH   SOLE   146,385 0 0
Abcam PLC - ADR ADR 000380204   56,231 4,177,645 SH   SOLE   2,715,418 1,462,227 0
Accenture Plc Common Stock G1151C101   1,261 4,415 SH   SOLE   4,415 0 0
Aflac Incorporated Common Stock 001055102   1,722 26,700 SH   SOLE   26,700 0 0
Air Products & Chemicals Inc. Common Stock 009158106   430 1,500 SH   SOLE   1,500 0 0
Alarm.com Holdings Inc. Common Stock 011642105   22,070 438,949 SH   SOLE   413,667 25,282 0
Alcon Inc. Common Stock H01301128   17,962 254,637 SH   SOLE   254,637 0 0
Alibaba Group Holding-SP ADR ADR 01609W102   708 6,932 SH   SOLE   6,932 0 0
Alithya Group Inc. Common Stock 01643B106   4,249 2,130,027 SH   SOLE   2,130,027 0 0
Allstate Corporation Common Stock 020002101   3,827 34,537 SH   SOLE   34,537 0 0
Alphabet Inc - A Common Stock 02079K305   196,367 1,893,063 SH   SOLE   1,550,208 342,855 0
Alphabet Inc - C Common Stock 02079K107   193,078 1,856,520 SH   SOLE   1,836,525 19,995 0
Altria Group Inc. Common Stock 02209S103   4,287 96,087 SH   SOLE   96,087 0 0
Amazon.Com Inc Common Stock 023135106   290,749 2,814,882 SH   SOLE   2,378,821 436,061 0
Ambev SA ADR ADR 02319V103   74 26,553 SH   SOLE   26,553 0 0
American Financial Group Inc/OH Common Stock 025932104   44,317 364,756 SH   SOLE   344,919 19,837 0
AMETEK Inc Common Stock 031100100   100,031 688,306 SH   SOLE   582,557 105,749 0
Anheuser-Busch Inbev NV ADR ADR 03524A108   663 9,945 SH   SOLE   9,945 0 0
Apple Inc. Common Stock 037833100   10,609 64,340 SH   SOLE   64,340 0 0
ASML Holding NV-NY Reg Shs NY Reg Shrs N07059210   20,407 29,979 SH   SOLE   29,979 0 0
Automatic Data Processing Inc. Common Stock 053015103   27,437 123,242 SH   SOLE   123,242 0 0
Axos Financial Inc Common Stock 05465C100   31,991 866,507 SH   SOLE   816,201 50,306 0
Bank of America Corporation Common Stock 060505104   538 18,843 SH   SOLE   18,843 0 0
Bank of Montreal Common Stock 063671101   28,099 315,909 SH   SOLE   315,909 0 0
Bank of New York Mellon Corp Common Stock 064058100   239 5,264 SH   SOLE   5,264 0 0
Bank of Nova Scotia Common Stock 064149107   675,436 13,428,850 SH   SOLE   10,214,845 3,214,005 0
Bank OZK Common Stock 06417N103   61,220 1,790,084 SH   SOLE   1,408,367 381,717 0
Baxter International Inc. Common Stock 071813109   1,095 27,014 SH   SOLE   27,014 0 0
BCE Inc. Common Stock 05534B760   10,876 243,136 SH   SOLE   241,607 1,529 0
Becton Dickinson and Company Common Stock 075887109   212,559 858,688 SH   SOLE   748,689 109,999 0
Berkshire Hathaway Inc - A Common Stock 084670108   465 1 SH   SOLE   1 0 0
Berkshire Hathaway Inc - B Common Stock 084670702   84,753 274,488 SH   SOLE   274,438 50 0
Berry Global Group Inc Common Stock 08579W103   42,759 725,975 SH   SOLE   685,554 40,421 0
Booking Holdings Inc Common Stock 09857L108   120,981 45,612 SH   SOLE   37,752 7,860 0
Boston Scientific Corporation Common Stock 101137107   162,664 3,251,345 SH   SOLE   2,815,777 435,568 0
Bristol-Myers Squibb Company Common Stock 110122108   355 5,125 SH   SOLE   5,125 0 0
Brookfield Asset Management Ltd Common Stock 113004105   5,063 154,791 SH   SOLE   154,791 0 0
Brookfield Corp Common Stock 11271J107   688,772 21,170,729 SH   SOLE   14,958,060 6,212,669 0
Brookfield Infrastructure Partners LP Ltd Part G16252101   580 17,202 SH   SOLE   17,202 0 0
Brookfield Renewable Energy Partners MLP G16258108   436 13,878 SH   SOLE   13,878 0 0
Brown-Forman Corp - A Common Stock 115637100   2,834 43,482 SH   SOLE   43,482 0 0
Brown-Forman Corp - B Common Stock 115637209   2,635 41,010 SH   SOLE   41,010 0 0
CAE Inc. Common Stock 124765108   318,642 14,111,076 SH   SOLE   9,648,287 4,462,789 0
Canadian Imperial Bank of Commerce Common Stock 136069101   1,405 33,199 SH   SOLE   33,199 0 0
Canadian National Railway Company Common Stock 136375102   1,126,080 9,556,511 SH   SOLE   6,937,625 2,618,886 0
Canadian Natural Resources Common Stock 136385101   545 9,866 SH   SOLE   9,866 0 0
Canadian Pacific Railway Limited Common Stock 13645T100   4,332 56,340 SH   SOLE   56,340 0 0
CarMax Inc. Common Stock 143130102   205 3,190 SH   SOLE   3,190 0 0
Caterpillar Inc. Common Stock 149123101   251 1,097 SH   SOLE   1,097 0 0
CDW Corp/DE Common Stock 12514G108   379 1,949 SH   SOLE   1,949 0 0
Cenovus Energy Inc. Common Stock 15135U109   339 19,477 SH   SOLE   19,477 0 0
CGI Inc. Common Stock 12532H104   645,431 6,706,286 SH   SOLE   4,883,470 1,822,816 0
Chevron Corporation Common Stock 166764100   14,208 87,086 SH   SOLE   87,056 30 0
Chubb Limited Common Stock H1467J104   121,470 625,558 SH   SOLE   511,898 113,660 0
Cintas Corporation Common Stock 172908105   370 800 SH   SOLE   800 0 0
Cisco Systems Inc. Common Stock 17275R102   583 11,155 SH   SOLE   11,155 0 0
Clorox Company Common Stock 189054109   662 4,185 SH   SOLE   4,185 0 0
Coca-Cola Company Common Stock 191216100   7,361 118,673 SH   SOLE   118,673 0 0
Cognizant Technology Solutions Corp Common Stock 192446102   6,741 110,639 SH   SOLE   110,639 0 0
Colgate-Palmolive Company Common Stock 194162103   54,397 723,856 SH   SOLE   723,056 800 0
Colliers International Group Inc Common Stock 194693107   220,593 2,093,112 SH   SOLE   1,499,678 593,434 0
Comcast Corp - A Common Stock 20030N101   23,550 621,234 SH   SOLE   617,634 3,600 0
Cooper Cos Inc/the Common Stock 216648402   1,530 4,100 SH   SOLE   4,100 0 0
Copart Inc Common Stock 217204106   187,506 2,493,105 SH   SOLE   2,185,668 307,437 0
Costco Wholesale Corporation Common Stock 22160K105   37,543 75,559 SH   SOLE   75,534 25 0
Credicorp Ltd ADR Common Stock G2519Y108   4,711 35,585 SH   SOLE   35,585 0 0
Credit Acceptance Corp. Common Stock 225310101   17,140 39,309 SH   SOLE   37,148 2,161 0
CVS Health Corporation Common Stock 126650100   8,893 119,684 SH   SOLE   119,684 0 0
CyberArk Software Ltd ADR Common Stock M2682V108   37,799 255,434 SH   SOLE   181,126 74,308 0
Danaher Corporation Common Stock 235851102   99,819 396,048 SH   SOLE   322,375 73,673 0
Descartes Systems Group Inc Common Stock 249906108   377,691 4,685,998 SH   SOLE   3,770,816 915,182 0
Diageo Plc ADR ADR 25243Q205   130,895 722,460 SH   SOLE   722,460 0 0
Dollar Tree Inc Common Stock 256746108   1,838 12,805 SH   SOLE   12,805 0 0
Dominion Energy Common Stock 25746U109   2,697 48,254 SH   SOLE   48,254 0 0
Duke Energy Corporation Common Stock 26441C204   3,544 36,744 SH   SOLE   36,744 0 0
Eli Lilly & Company Common Stock 532457108   20,420 59,463 SH   SOLE   59,463 0 0
Emerson Electric Co. Common Stock 291011104   7,600 87,225 SH   SOLE   87,225 0 0
Enbridge Inc Common Stock 29250N105   112,446 2,953,186 SH   SOLE   2,950,186 3,000 0
EOG Resources Inc. Common Stock 26875P101   4,589 40,040 SH   SOLE   39,990 50 0
Exxon Mobil Corporation Common Stock 30231G102   32,438 295,809 SH   SOLE   295,769 40 0
Fiserv Inc. Common Stock 337738108   228,073 2,017,811 SH   SOLE   1,820,235 197,576 0
Fomento Econ.Mexicano SAB de CV ADR ADR 344419106   7,178 75,412 SH   SOLE   75,412 0 0
Fortis Inc. Common Stock 349553107   1,336 31,475 SH   SOLE   31,475 0 0
Franco Nevada Corporation Common Stock 351858105   455,328 3,125,949 SH   SOLE   2,175,389 950,560 0
Fresenius Medical Care AG&Co KGAa ADR ADR 358029106   304 14,345 SH   SOLE   14,345 0 0
Gildan Activewear Inc. Common Stock 375916103   437,362 13,182,717 SH   SOLE   9,482,991 3,699,726 0
GlaxoSmithKline PLC ADR 37733W204   578 16,248 SH   SOLE   16,248 0 0
Guidewire Software Inc Common Stock 40171V100   129,544 1,578,845 SH   SOLE   1,357,352 221,493 0
Haleon PLC Common Stock 405552100   131 16,200 SH   SOLE   16,200 0 0
Hartford Financial Services Grp Inc. Common Stock 416515104   259 3,725 SH   SOLE   3,725 0 0
HDFC Bank Ltd ADR ADR 40415F101   97,872 1,468,013 SH   SOLE   1,024,275 443,738 0
Hilton Worldwide Holdings Inc. Common Stock 43300A203   1,211 8,601 SH   SOLE   8,601 0 0
Home Depot Inc. Common Stock 437076102   806 2,732 SH   SOLE   2,732 0 0
Honeywell International Inc. Common Stock 438516106   579 3,031 SH   SOLE   3,031 0 0
HSBC Holdings Sponsored ADR ADR 404280406   535 15,685 SH   SOLE   15,685 0 0
Illinois Tool Works Inc. Common Stock 452308109   331 1,363 SH   SOLE   1,363 0 0
Imperial Oil Limited Common Stock 453038408   2,346 46,203 SH   SOLE   46,203 0 0
Infosys Ltd ADR ADR 456788108   3,843 220,409 SH   SOLE   220,409 0 0
ING Groep N.V. ADR ADR 456837103   862 72,700 SH   SOLE   72,700 0 0
Interactive Brokers Group Inc Common Stock 45841N107   176,093 2,132,919 SH   SOLE   1,793,193 339,726 0
Intercontinental Hotels-ADR ADR 45857P806   765 11,496 SH   SOLE   11,496 0 0
International Business Machines Corp Common Stock 459200101   662 5,050 SH   SOLE   5,050 0 0
International Flavors & Fragrances Common Stock 459506101   3,409 37,071 SH   SOLE   37,071 0 0
IQVIA Holdings Inc Common Stock 46266C105   144,014 724,092 SH   SOLE   646,235 77,857 0
iShares Core 1-5 Year USD Bond ETF ETP 46432F859   303 6,430 SH   SOLE   6,430 0 0
iShares MSCI EAFE Index Fund ETP 464287465   1,054 14,750 SH   SOLE   14,750 0 0
Johnson & Johnson Common Stock 478160104   109,524 706,607 SH   SOLE   705,809 798 0
JPMorgan Chase & Co. Common Stock 46625H100   152,302 1,168,767 SH   SOLE   1,167,267 1,500 0
Kimberly-Clark Corporation Common Stock 494368103   9,498 70,770 SH   SOLE   70,770 0 0
LCI Industries Common Stock 50189K103   69,070 628,655 SH   SOLE   505,341 123,314 0
Lowe's Companies Inc. Common Stock 548661107   783 3,920 SH   SOLE   3,920 0 0
Lululemon Athletica Inc Common Stock 550021109   269 740 SH   SOLE   740 0 0
M&T Bank Corporation Common Stock 55261F104   2,920 24,425 SH   SOLE   24,425 0 0
Magna International Inc - A Common Stock 559222401   411,341 7,690,099 SH   SOLE   5,538,374 2,151,725 0
Manulife Financial Corporation Common Stock 56501R106   428,368 23,376,295 SH   SOLE   17,054,358 6,321,937 0
Markel Corporation Common Stock 570535104   421 330 SH   SOLE   330 0 0
Marsh & McLennan Companies Inc. Common Stock 571748102   283 1,700 SH   SOLE   1,700 0 0
Mastercard Inc - A Common Stock 57636Q104   262,694 722,860 SH   SOLE   651,736 71,124 0
McCormick & Company Incorporated Common Stock 579780206   499 6,000 SH   SOLE   6,000 0 0
McDonald's Corporation Common Stock 580135101   5,367 19,198 SH   SOLE   19,198 0 0
Medtronic Inc. Plc Common Stock G5960L103   909 11,280 SH   SOLE   11,280 0 0
Merck & Co. Inc. Common Stock 58933Y105   5,330 50,105 SH   SOLE   50,105 0 0
Meta Platforms Inc Common Stock 30303M102   141,647 668,340 SH   SOLE   547,151 121,189 0
MetLife Inc. Common Stock 59156R108   4,417 76,250 SH   SOLE   76,250 0 0
Microsoft Corporation Common Stock 594918104   563,281 1,947,252 SH   SOLE   1,681,227 266,025 0
Mondelez International Inc. Common Stock 609207105   86,603 1,242,161 SH   SOLE   1,203,794 38,367 0
Monster Beverage Corp Common Stock 61174X109   72,585 1,343,933 SH   SOLE   1,038,597 305,336 0
National Grid Plc ADR ADR 636274409   2,072 30,489 SH   SOLE   30,489 0 0
NIKE Inc Common Stock 654106103   9,702 79,116 SH   SOLE   79,116 0 0
Novartis AG ADR ADR 66987V109   7,436 80,829 SH   SOLE   80,829 0 0
Novo Nordisk A/S Sponsored ADR ADR 670100205   11,081 69,631 SH   SOLE   69,631 0 0
NU Holdings Ltd/Cayman Islands Common Stock G6683N103   3,305 694,366 SH   SOLE   694,366 0 0
Nutrien Ltd Common Stock 67077M108   30,051 407,470 SH   SOLE   406,795 675 0
NVIDIA Corporation Common Stock 67066G104   214 773 SH   SOLE   773 0 0
Open Text Corporation Common Stock 683715106   647,296 16,804,467 SH   SOLE   12,371,613 4,432,854 0
Oracle Corporation Common Stock 68389X105   166,653 1,793,513 SH   SOLE   1,675,279 118,234 0
Parker Hannifin Corporation Common Stock 701094104   1,941 5,777 SH   SOLE   5,777 0 0
Pembina Pipeline Corporation Common Stock 706327103   19,456 601,441 SH   SOLE   601,441 0 0
PepsiCo Inc. Common Stock 713448108   202,706 1,111,941 SH   SOLE   1,098,113 13,828 0
Pfizer Inc. Common Stock 717081103   13,796 338,157 SH   SOLE   336,657 1,500 0
Philip Morris International Inc. Common Stock 718172109   5,287 54,370 SH   SOLE   54,370 0 0
Procter & Gamble Company Common Stock 742718109   102,856 691,752 SH   SOLE   691,120 632 0
Progressive Corp/The Common Stock 743315103   25,350 177,201 SH   SOLE   167,308 9,893 0
Public Service Enterprises Group Common Stock 744573106   425 6,820 SH   SOLE   6,820 0 0
Quest Diagnostics Incorporated Common Stock 74834L100   297 2,100 SH   SOLE   2,100 0 0
Relx Plc ADR ADR 759530108   44,969 1,386,230 SH   SOLE   1,386,230 0 0
Restaurant Brands International Inc. Common Stock 76131D103   519,363 7,746,940 SH   SOLE   5,557,393 2,189,547 0
Ritchie Bros. Auctioneers Common Stock 767744105   840 14,955 SH   SOLE   14,955 0 0
Rogers Communications Inc - B Common Stock 775109200   1,553 33,571 SH   SOLE   33,571 0 0
Royal Bank of Canada Common Stock 780087102   219,172 2,294,906 SH   SOLE   1,995,556 299,350 0
Sanofi ADR ADR 80105N105   985 18,100 SH   SOLE   18,100 0 0
SAP AG ADR ADR 803054204   25,292 199,858 SH   SOLE   199,858 0 0
Sea Ltd ADR 81141R100   6,052 69,926 SH   SOLE   69,926 0 0
ServisFirst Bancshares Inc Common Stock 81768T108   15,131 276,980 SH   SOLE   261,197 15,783 0
Shaw Communications Inc - B Common Stock 82028K200   6,553 219,319 SH   SOLE   219,319 0 0
Shell PLC - ADR ADR 780259305   2,838 49,332 SH   SOLE   49,332 0 0
Shopify Inc. Class - A Common Stock 82509L107   494,066 10,318,555 SH   SOLE   7,155,181 3,163,374 0
Silvercorp Metals Inc. Common Stock 82835P103   119 31,500 SH   SOLE   31,500 0 0
Smith & Nephew Plc ADR ADR 83175M205   1,256 45,034 SH   SOLE   45,034 0 0
SPDR Gold Trust ETP 78463V107   1,376 7,514 SH   SOLE   7,514 0 0
SPDR S&P 500 ETF Trust ETP 78462F103   19,077 46,601 SH   SOLE   46,601 0 0
Stantec Inc Common Stock 85472N109   502,310 8,603,988 SH   SOLE   6,240,978 2,363,010 0
Stryker Corporation Common Stock 863667101   1,128 3,952 SH   SOLE   3,952 0 0
Sun Life Financial Inc. Common Stock 866796105   12,147 260,372 SH   SOLE   260,372 0 0
Suncor Energy Inc. Common Stock 867224107   5,050 162,892 SH   SOLE   162,892 0 0
Taiwan Semiconductor Manufactng ADR ADR 874039100   33,016 354,943 SH   SOLE   354,943 0 0
TC Energy Corp. Common Stock 87807B107   481,187 12,387,569 SH   SOLE   8,616,973 3,770,596 0
TELUS Corp Common Stock 87971M103   19,922 1,004,875 SH   SOLE   1,004,875 0 0
Texas Instruments Incorporated Common Stock 882508104   297 1,600 SH   SOLE   1,600 0 0
The Sherwin-Williams Company Common Stock 824348106   96,391 428,845 SH   SOLE   360,391 68,454 0
Thomson Reuters Corp. Common Stock 884903709   711,027 5,472,372 SH   SOLE   4,163,813 1,308,559 0
TJX Companies Inc. Common Stock 872540109   89,686 1,144,542 SH   SOLE   1,117,292 27,250 0
Toronto-Dominion Bank Common Stock 891160509   122,048 2,040,434 SH   SOLE   2,035,234 5,200 0
TotalEnergies SE - ADR ADR 89151E109   4,441 75,222 SH   SOLE   75,222 0 0
Trip.com Group Ltd - ADR Common Stock 89677Q107   7,418 196,947 SH   SOLE   196,947 0 0
Triple Flag Precious Metals Corp Common Stock 89679M104   4,149 278,982 SH   SOLE   278,982 0 0
Unilever Plc ADR ADR 904767704   30,885 594,757 SH   SOLE   594,757 0 0
Union Pacific Corporation Common Stock 907818108   212 1,055 SH   SOLE   1,055 0 0
UnitedHealth Group Incorporated Common Stock 91324P102   313,050 662,414 SH   SOLE   567,568 94,846 0
US Bancorp Common Stock 902973304   5,733 159,043 SH   SOLE   159,043 0 0
Valero Energy Corporation Common Stock 91913Y100   278 1,992 SH   SOLE   1,992 0 0
Verisk Analytics Inc - A Common Stock 92345Y106   67,927 354,046 SH   SOLE   353,496 550 0
Verizon Communications Inc. Common Stock 92343V104   1,139 29,288 SH   SOLE   29,288 0 0
Visa Inc - A Common Stock 92826C839   3,063 13,587 SH   SOLE   13,587 0 0
Vodafone Group Plc-Sponsored ADR ADR 92857W308   187 16,975 SH   SOLE   16,975 0 0
Walgreens Boots Alliance Common Stock 931427108   514 14,878 SH   SOLE   14,878 0 0
Wal-Mart Stores Inc. Common Stock 931142103   1,485 10,077 SH   SOLE   10,036 41 0
Walt Disney Company Common Stock 254687106   546 5,460 SH   SOLE   5,460 0 0
Waste Connections Inc. Common Stock 94106B101   201 1,452 SH   SOLE   1,452 0 0
Wells Fargo & Company Common Stock 949746101   5,572 149,081 SH   SOLE   148,081 1,000 0
West Fraser Timber Co. Ltd. Common Stock 952845105   213 3,000 SH   SOLE   3,000 0 0
Xcel Energy Inc. Common Stock 98389B100   3,459 51,300 SH   SOLE   51,300 0 0
XP Inc Common Stock G98239109   4,022 338,888 SH   SOLE   338,888 0 0
Yum China Holdings Inc Common Stock 98850P109   7,756 122,358 SH   SOLE   122,358 0 0
Zimmer Biomet Holdings Inc Common Stock 98956P102   4,341 33,600 SH   SOLE   33,600 0 0
Zoetis Inc. Common Stock 98978V103   20,329 122,146 SH   SOLE   122,146 0 0