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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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
Agrium Inc. COM 008916108 39,650 441,256 SH   SOLE   441,256 0 0
Bank of Montreal COM 063671101 53,711 852,593 SH   SOLE   852,593 0 0
Bank of Nova Scotia COM 064149107 53,298 1,095,135 SH   SOLE   1,095,135 0 0
BCE Inc. COM 05534B760 47,445 1,009,474 SH   SOLE   1,009,474 0 0
Canadian National Railway Co. COM 136375102 27,373 466,755 SH   SOLE   466,755 0 0
Canadian Natural Resources Ltd COM 136385101 54,100 1,765,591 SH   SOLE   1,765,591 0 0
Cenovus Energy Inc. COM 15135U109 35,356 2,573,734 SH   SOLE   2,573,734 0 0
Sun Life Financial Inc. COM 866796105 40,022 1,226,712 SH   SOLE   1,226,712 0 0
Suncor Energy Inc. COM 867224107 42,293 1,535,063 SH   SOLE   1,535,063 0 0
TELUS Corp. COM 87971M103 44,899 1,403,993 SH   SOLE   1,403,993 0 0
Toronto-Dominion Bank COM 891160509 55,865 1,309,864 SH   SOLE   1,309,864 0 0
TransCanada Corp. COM 89353D107 53,816 1,197,517 SH   SOLE   1,197,517 0 0
Vermilion Energy Inc. COM 923725105 9,889 312,650 SH   SOLE   312,650 0 0
Baytex Energy Corp. COM 07317Q105 20 3,500 SH   SOLE   3,500 0 0
Canadian Imperial Bank of Comm COM 136069101 50,959 683,128 SH   SOLE   683,128 0 0
Enbridge Inc. COM 29250N105 22,812 542,233 SH   SOLE   542,233 0 0
Encana Corp. COM 292505104 23 3,000 SH   SOLE   3,000 0 0
Magna International Inc. COM 559222401 56 1,600 SH   SOLE   1,600 0 0
Manulife Financial Corp. COM 56501R106 34 2,500 SH   SOLE   2,500 0 0
Potash Corp of Saskatchewan In COM 73755L107 98 6,100 SH   SOLE   6,100 0 0
Royal Bank of Canada COM 780087102 53,936 919,077 SH   SOLE   919,077 0 0
Becton Dickinson and Co. COM 075887109 12,590 74,237 SH   SOLE   74,237 0 0
Cisco Systems Inc. COM 17275R102 11,813 411,739 SH   SOLE   411,739 0 0
Deere & Co. COM 244199105 9,720 119,938 SH   SOLE   119,938 0 0
General Electric Co. COM 369604103 12,624 401,025 SH   SOLE   401,025 0 0
PrairieSky Royalty Ltd. COM 739721108 2 84 SH   SOLE   84 0 0
General Mills Inc. COM 370334104 13,518 189,544 SH   SOLE   189,544 0 0
Honeywell International Inc. COM 438516106 12,308 105,813 SH   SOLE   105,813 0 0
Intel Corporation COM 458140100 11,955 364,491 SH   SOLE   364,491 0 0
Johnson & Johnson COM 478160104 13,191 108,749 SH   SOLE   108,749 0 0
Microsoft Corp. COM 594918104 11,992 234,350 SH   SOLE   234,350 0 0
NextEra Energy Inc. COM 65339F101 10,687 81,958 SH   SOLE   81,958 0 0
Oracle Corp COM 68389X105 9,951 243,128 SH   SOLE   243,128 0 0
PNC Financial Services Group I COM 693475105 10,700 131,464 SH   SOLE   131,464 0 0
The JM Smucker Co. COM 832696405 12,179 79,910 SH   SOLE   79,910 0 0
United Technologies Corp. COM 913017109 10,819 105,500 SH   SOLE   105,500 0 0
US Bancorp COM 902973304 11,069 274,450 SH   SOLE   274,450 0 0
VF Corporation COM 918204108 7,213 117,300 SH   SOLE   117,300 0 0
Verizon Communications Inc. COM 92343V104 12,886 230,775 SH   SOLE   230,775 0 0
Wells Fargo & Co. COM 949746101 10,984 232,070 SH   SOLE   232,070 0 0
Novartis AG ADR SPONSORED ADR 66987V109 4,975 60,290 SH   SOLE   60,290 0 0
Sanofi ADR SPONSORED ADR 80105N105 2,924 69,870 SH   SOLE   69,870 0 0
SAP SE ADR SPONSORED ADR 803054204 3,071 40,935 SH   SOLE   40,935 0 0
Unilever PLC ADR SPONSORED ADR 904767704 4,662 97,315 SH   SOLE   97,315 0 0
Granite Real Estate Investment UNIT 387437114 1,697 56,975 SH   SOLE   56,975 0 0