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
Agrium Inc. Common 008916108 177,216 1,488,283 SH   SOLE   1,303,778 0 184,505
Bank of Nova Scotia Common 64149107 1,126,584 15,918,414 SH   SOLE   13,706,064 0 2,212,350
Baxter International Inc Common 071813109 174,581 2,146,625 SH   SOLE   1,551,160 0 595,465
BB&T Corporation Common 054937107 115,477 2,600,845 SH   SOLE   2,396,725 0 204,120
Cameco Corp. Common 13321L108 355,712 12,715,282 SH   SOLE   11,205,182 0 1,510,100
CIBC Common 136069101 841,060 7,988,808 SH   SOLE   6,852,607 0 1,136,201
CDN National Railway Common 136375102 479,119 6,979,128 SH   SOLE   6,116,763 0 862,365
Cdn. Natural Resources Common 136385101 800,332 17,089,602 SH   SOLE   14,789,627 0 2,299,975
CDN Pacific Railway Common 13645T100 378,496 2,067,235 SH   SOLE   1,816,680 0 250,555
Cenovus Energy Inc. Common 15135U109 656,298 18,572,862 SH   SOLE   16,017,107 0 2,555,755
Encana Common 292505104 213,183 8,169,142 SH   SOLE   7,195,042 0 974,100
Halliburton Common 406216101 156,118 2,398,454 SH   SOLE   2,194,954 0 203,500
Magna Intl Inc. Common 559222401 707,178 6,020,008 SH   SOLE   5,249,258 0 770,750
Manulife Financial Common 56501R106 685,671 29,097,017 SH   SOLE   25,236,177 0 3,860,840
Merck & Co Inc. Common 58933Y105 137,635 2,193,463 SH   SOLE   1,672,818 0 520,645
Molson Coors Canada ExchNonVot CLB 608711206 451,203 6,309,396 SH   SOLE   5,369,678 0 939,718
Open Text Common 683715106 185,474 3,176,894 SH   SOLE   2,799,094 0 377,800
Oracle Corp. Common 68389X105 153,870 3,402,865 SH   SOLE   3,058,955 0 343,910
Potash Corp. of Sask. Common 73755L107 363,455 8,222,781 SH   SOLE   7,026,301 0 1,196,480
Rogers Communications Class BNonVoting 775109200 934,186 18,449,866 SH   SOLE   15,939,085 0 2,510,781
Royal Bank CDA Common 780087102 1,097,136 13,617,976 SH   SOLE   11,688,417 0 1,929,559
Symantec Corp. Common 871503108 141,869 6,427,295 SH   SOLE   4,501,625 0 1,925,670
Target Corporation Common 87612E106 109,436 1,636,260 SH   SOLE   1,463,520 0 172,740
TRW Automotive Hldgs Corp. Common 87264S106 142,934 1,584,375 SH   SOLE   1,444,090 0 140,285
Teck Resources Ltd. Class B Sub Vtg 878742204 167,708 6,359,238 SH   SOLE   5,463,978 0 895,260
Telus Corp. Common 87971M103 628,849 14,356,292 SH   SOLE   12,363,592 0 1,992,700
Thomson Reuters Corp. Common 884903105 230,116 5,509,217 SH   SOLE   4,721,577 0 787,640
Toronto Dominion Bank Common 891160509 1,381,219 24,110,233 SH   SOLE   20,741,879 0 3,368,354