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 154,529 1,495,208 SH   SOLE   1,300,723 0 194,485
Bank of Nova Scotia Common 64149107 1,125,185 15,925,064 SH   SOLE   13,657,539 0 2,267,525
Cameco Corp. Common 13321L108 304,847 13,004,462 SH   SOLE   11,217,762 0 1,786,700
CIBC Common 136069101 768,420 7,963,748 SH   SOLE   6,788,247 0 1,175,501
CDN National Railway Common 136375102 454,432 7,055,117 SH   SOLE   6,055,772 0 999,345
Cdn. Natural Resources Common 136385101 652,470 17,068,837 SH   SOLE   14,649,412 0 2,419,425
CDN Pacific Railway Common 13645T100 346,378 2,027,180 SH   SOLE   1,760,425 0 266,755
Cenovus Energy Inc. Common 15135U109 507,673 15,701,172 SH   SOLE   13,520,067 0 2,181,105
Encana Common 292505104 165,934 8,134,102 SH   SOLE   7,109,502 0 1,024,600
Halliburton Common 406216101 125,829 2,331,134 SH   SOLE   2,128,759 0 202,375
JP Morgan Chase & Co Common 46625H100 127,012 2,042,020 SH   SOLE   1,711,020 0 331,000
Magna Intl Inc. Common 559222401 490,137 5,290,788 SH   SOLE   4,538,588 0 752,200
Manulife Financial Common 56501R106 649,009 29,112,607 SH   SOLE   25,061,467 0 4,051,140
Merck & Co Inc. Common 58933Y105 113,572 2,133,488 SH   SOLE   1,611,543 0 521,945
Molson Coors Canada ExchNonVot CLB 608711206 405,469 6,390,996 SH   SOLE   5,404,678 0 986,318
Open Text Common 683715106 163,474 1,573,007 SH   SOLE   1,371,607 0 201,400
Oracle Corp. Common 68389X105 140,607 3,455,280 SH   SOLE   2,979,870 0 475,410
Potash Corp. of Sask. Common 73755L107 302,722 8,127,346 SH   SOLE   6,969,116 0 1,158,230
Rogers Communications Class BNonVoting 775109200 872,820 17,071,521 SH   SOLE   14,681,940 0 2,389,581
Royal Bank CDA Common 780087102 1,036,378 13,645,231 SH   SOLE   11,657,397 0 1,987,834
Symantec Corp. Common 871503108 134,511 5,363,375 SH   SOLE   3,999,805 0 1,363,570
TRW Automotive Hldgs Corp. Common 87264S106 120,407 1,521,800 SH   SOLE   1,383,440 0 138,360
Teck Resources Ltd. Class B Sub Vtg 878742204 187,016 6,359,258 SH   SOLE   5,444,798 0 914,460
Telus Corp. Common 87971M103 617,035 15,868,098 SH   SOLE   13,580,198 0 2,287,900
Thomson Reuters Corp. Common 884903105 233,177 5,457,667 SH   SOLE   4,696,577 0 761,090
Toronto Dominion Bank Common 891160509 1,282,104 12,041,139 SH   SOLE   10,272,137 0 1,769,002