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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Bank of Nova Scotia Common 64149107 655,653 14,378,076 SH   SOLE   12,185,807 0 2,192,269
Cameco Corp. Common 13321L108 276,147 12,542,907 SH   SOLE   10,692,807 0 1,850,100
CIBC Common 136069101 403,461 6,641,887 SH   SOLE   5,577,186 0 1,064,701
CDN National Railway Common 136375102 244,466 4,105,614 SH   SOLE   3,494,794 0 610,820
Cdn. Natural Resources Common 136385101 459,313 16,061,642 SH   SOLE   13,610,672 0 2,450,970
CDN Pacific Railway Common 13645T100 140,177 2,219,108 SH   SOLE   1,912,448 0 306,660
Cenovus Energy Inc. Common 15135U109 254,053 8,577,382 SH   SOLE   7,288,977 0 1,288,405
Encana Common 292505104 209,473 8,159,412 SH   SOLE   7,078,312 0 1,081,100
Magna Intl Inc. Common 559222401 280,495 7,983,709 SH   SOLE   6,765,094 0 1,218,615
Manulife Financial Common 56501R106 487,615 28,893,415 SH   SOLE   24,553,660 0 4,339,755
Molson Coors Canada ExchNonVot CLB 608711206 261,974 6,530,113 SH   SOLE   5,468,195 0 1,061,918
Open Text Common 683715106 110,595 2,305,292 SH   SOLE   1,992,892 0 312,400
Potash Corp. of Sask. Common 73755L107 308,743 7,838,785 SH   SOLE   6,632,885 0 1,205,900
Rogers Communications Class BNonVoting 775109200 367,081 11,143,922 SH   SOLE   9,401,246 0 1,742,676
Royal Bank CDA Common 780087102 573,343 11,882,256 SH   SOLE   9,996,317 0 1,885,939
Talisman Energy Inc Common 87425E103 240,111 19,623,991 SH   SOLE   16,874,257 0 2,749,734
Teck Resources Ltd. Class B Sub Vtg 878742204 175,913 6,081,178 SH   SOLE   5,136,453 0 944,725
Telus Corp. Common 87971M103 385,095 16,435,623 SH   SOLE   13,922,223 0 2,513,400
Thomson Reuters Corp. Common 884903105 177,282 5,179,452 SH   SOLE   4,394,287 0 785,165
Toronto Dominion Bank Common 891160509 643,847 11,251,156 SH   SOLE   9,452,494 0 1,798,662