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. COM 008916108 35 350 SH   SOLE   350 0 0
Bank of America Corp. COM 060505104 44 2,000 SH   SOLE   2,000 0 0
Bank of Montreal COM 063671101 58,119 808,084 SH   SOLE   808,084 0 0
Bank of Nova Scotia COM 064149107 58,988 1,059,428 SH   SOLE   1,059,428 0 0
Baytex Energy Corp. COM 07317Q105 9 1,900 SH   SOLE   1,900 0 0
BCE Inc. COM 05534B760 42,490 983,119 SH   SOLE   983,119 0 0
Canadian Imperial Bank of Comm COM 136069101 54,358 666,186 SH   SOLE   666,186 0 0
Canadian National Railway Co. COM 136375102 37,450 556,475 SH   SOLE   556,475 0 0
Canadian Natural Resources Ltd COM 136385101 49,461 1,552,033 SH   SOLE   1,552,033 0 0
Cenovus Energy Inc. COM 15135U109 36,692 2,426,909 SH   SOLE   2,426,909 0 0
Cisco Systems Inc. COM 17275R102 12,922 427,584 SH   SOLE   427,584 0 0
Comcast Corp. Class A COM 20030N101 596 8,625 SH   SOLE   8,625 0 0
CVS Health Corp. COM 126650100 92 967 SH   SOLE 967 0 0 0
Deere & Co. COM 244199105 11,520 111,798 SH   SOLE   111,798 0 0
Enbridge Inc. COM 29250N105 39,518 939,134 SH   SOLE   939,134 0 0
Encana Corp. COM 292505104 35 3,000 SH   SOLE   3,000 0 0
General Electric Co. COM 369604103 13,272 419,995 SH   SOLE   419,995 0 0
General Mills Inc. COM 370334104 11,295 182,849 SH   SOLE   182,849 0 0
Gildan Activeware Inc. COM 375916103 221 8,700 SH   SOLE   8,700 0 0
Granite Real Estate Investment UNIT 387437114 1,194 35,775 SH   SOLE   35,775 0 0
Highlands REIT, Inc. COM 43199G105 3 7,248 SH   SOLE   7,248 0 0
Honeywell International Inc. COM 438516106 12,846 110,883 SH   SOLE   110,883 0 0
Intel Corporation COM 458140100 13,527 372,942 SH   SOLE   372,942 0 0
InvenTrust Properties Corp. COM 45599R102 23 7,248 SH   SOLE   7,248 0 0
Johnson & Johnson COM 478160104 13,030 113,098 SH   SOLE   113,098 0 0
JPMorgan Chase & Co. COM 46625H100 4,399 50,985 SH   SOLE   50,985 0 0
Manulife Financial Corp. COM 56501R106 45 2,500 SH   SOLE   2,500 0 0
Microsoft Corp. COM 594918104 14,679 236,230 SH   SOLE   236,230 0 0
NextEra Energy Inc. COM 65339F101 10,205 85,423 SH   SOLE   85,423 0 0
Novartis AG ADR SPONSORED ADR 66987V109 4,754 65,270 SH   SOLE   65,270 0 0
Oracle Corp COM 68389X105 9,500 247,078 SH   SOLE   247,078 0 0
PNC Financial Services Group I COM 693475105 16,021 136,979 SH   SOLE   136,979 0 0
Potash Corp of Saskatchewan In COM 73755L107 42 2,300 SH   SOLE   2,300 0 0
QUALCOMM Inc. COM 747525103 104 1,600 SH   SOLE   1,600 0 0
Royal Bank of Canada COM 780087102 60,746 897,589 SH   SOLE   897,589 0 0
Sanofi ADR SPONSORED ADR 80105N105 2,627 64,970 SH   SOLE   64,970 0 0
SAP SE ADR SPONSORED ADR 803054204 3,904 45,170 SH   SOLE   45,170 0 0
Stantec Inc. COM 85472N109 245 9,700 SH   SOLE   9,700 0 0
Sun Life Financial Inc. COM 866796105 52,185 1,359,246 SH   SOLE   1,359,246 0 0
Suncor Energy Inc. COM 867224107 49,955 1,527,881 SH   SOLE   1,527,881 0 0
TELUS Corp. COM 87971M103 45,222 1,420,333 SH   SOLE   1,420,333 0 0
The JM Smucker Co. COM 832696405 11,449 89,405 SH   SOLE   89,405 0 0
Toronto-Dominion Bank COM 891160509 62,028 1,257,696 SH   SOLE   1,257,696 0 0
TransCanada Corp. COM 89353D107 49,738 1,103,113 SH   SOLE   1,103,113 0 0
Unilever PLC ADR SPONSORED ADR 904767704 4,278 105,120 SH   SOLE   105,120 0 0
United Technologies Corp. COM 913017109 12,266 111,895 SH   SOLE   111,895 0 0
US Bancorp COM 902973304 14,842 288,915 SH   SOLE   288,915 0 0
Verizon Communications Inc. COM 92343V104 11,705 219,285 SH   SOLE   219,285 0 0
Vermilion Energy Inc. COM 923725105 46 1,100 SH   SOLE   1,100 0 0
VF Corporation COM 918204108 8,172 153,180 SH   SOLE   153,180 0 0
Wal-Mart Stores Inc. COM 931142103 14 200 SH   SOLE   200 0 0
WPP PLC ADR SPONSORED ADR 453038408 1,206 10,900 SH   SOLE   10,900 0 0
Whirlpool Corp. COM 963320106 618 3,400 SH   SOLE   3,400 0 0
Wells Fargo & Co. COM 949746101 13,620 247,140 SH   SOLE   247,140 0 0