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
Estimated average burden
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108   37,925,871 744,946 SH   OTR 1 731,662 13,284 0
ALPHABET INC CLASS A CAP STK CL A 02079K305   435,666 4,200 SH   SOLE   4,200 0 0
ALPHABET INC CLASS C CAP STK CL C 02079K107   988,208 9,502 SH   SOLE   9,502 0 0
APPLE INC. COM 037833100   2,715,573 16,468 SH   SOLE   16,468 0 0
AXS SHORT INNOVATION ETF AXS SHORT INNOV 46144X628   1,162,320 29,000 SH   SOLE   29,000 0 0
BANK OF NOVA SCOTIA COM 064149107   26,403,626 524,948 SH   OTR 1 515,484 9,464 0
BERKSHIRE HATHAWAY INC. - CL B CL B NEW 084670702   1,521,619 4,928 SH   SOLE   4,928 0 0
CAE INC COM 124765108   28,573,162 1,265,358 SH   OTR 1 1,242,545 22,813 0
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101   28,563,683 674,516 SH   OTR 1 662,564 11,952 0
CANADIAN NATIONAL RAILWAY CO COM 136375102   259,235 2,200 SH   SOLE   2,200 0 0
CANADIAN NATURAL RESOURCES LTD COM 136385101   23,012,928 416,425 SH   OTR 1 408,907 7,518 0
CANADIAN PACIFIC RAILWAY LTD COM 13645T100   38,965,708 506,717 SH   OTR 1 497,661 9,056 0
CENOVUS ENERGY INC COM 15135U109   27,122,427 1,556,658 SH   OTR 1 1,528,576 28,082 0
CENOVUS ENERGY INC - WARRANT *W EXP 01/01/202 15135U117   200,704 15,875 SH   SOLE   15,875 0 0
CGI INC CL A SUB VTG 12532H104   34,094,574 354,255 SH   OTR 1 347,871 6,384 0
CISCO SYSTEMS INC COM 17275R102   873,829 16,716 SH   SOLE   16,716 0 0
COLGATE PALMOLIVE CO COM 194162103   90,180 1,200 SH   SOLE   1,200 0 0
DIAGEO PLC - SPONSORED ADR SPONSORED ADR 25243Q205   1,213,906 6,700 SH   SOLE   6,700 0 0
DISNEY COMPANY COM 254687106   1,422,647 14,208 SH   SOLE   14,208 0 0
ENBRIDGE INC COM 29250N105   19,509,892 512,393 SH   OTR 1 503,160 9,233 0
GENERAC HOLDINGS INC COM 368736104   4,653,611 43,085 SH   SOLE   43,085 0 0
GENERAL MOTORS CO COM 37045V100   1,175,227 32,040 SH   SOLE   32,040 0 0
HENRY SCHEIN INC. COM 806407102   3,545,033 43,476 SH   SOLE   43,476 0 0
HUDBAY MINERALS INC COM 443628102   1,887,262 360,242 SH   SOLE   360,242 0 0
ING GROEP NV - ADR SPONSORED ADR 456837103   940,448 79,229 SH   SOLE   79,229 0 0
ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF IBOXX HI YD ETF 464288513   94,438 1,250 SH   SOLE   1,250 0 0
JPMORGAN CHASE & CO COM 46625H100   1,135,000 8,710 SH   SOLE   8,710 0 0
MANULIFE FINANCIAL CORP COM 56501R106   38,263,724 2,088,065 SH   OTR 1 2,050,439 37,626 0
NIKE INC CL B 654106103   327,449 2,670 SH   SOLE   2,670 0 0
NUTRIEN LTD COM 67077M108   27,539,140 373,409 SH   OTR 1 366,664 6,745 0
OSHKOSH CORP. COM 688239201   4,785,262 57,529 SH   SOLE   57,529 0 0
RESTAURANT BRANDS INTERNATIONAL INC. COM 76131D103   27,278,973 406,898 SH   OTR 1 399,629 7,269 0
ROGERS COMMUNICATIONS INC CLASS B CL B 775109200   30,455,927 658,004 SH   OTR 1 646,095 11,909 0
ROYAL BANK OF CANADA COM 780087102   373,421 3,910 SH   SOLE   3,910 0 0
SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF BLOOMBERG HIGH Y 78468R622   94,676 1,020 SH   SOLE   1,020 0 0
TARGET CORP COM 87612E106   1,442,969 8,712 SH   SOLE   8,712 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   959,656 1,665 SH   SOLE   1,665 0 0
TRUIST FINANCIAL CORP COM 89832Q109   1,331,503 39,047 SH   SOLE   39,047 0 0
WABTEC CORP COM 929740108   1,305,190 12,915 SH   SOLE   12,915 0 0