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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABB LTD. SPON ADR 000375204 2,600 120,053 SH   SOLE 0 120,053 0 0
AMERICAN INT'L GROUP INC. COM 026874784 5,947 133,050 SH   SOLE 0 133,050 0 0
ASTRAZENECA PLC SPON ADR 046353108 2,034 43,020 SH   SOLE 0 43,020 0 0
ATLANTIC POWER CORP. COM 04878Q863 57 13,190 SH   SOLE 0 13,190 0 0
BANK OF AMERICA CORPORATION COM 060505104 5,165 401,642 SH   SOLE 0 401,642 0 0
BANK MONTREAL QUE COM 063671101 26,656 415,655 SH   SOLE 0 415,655 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 23,612 399,495 SH   SOLE 0 399,495 0 0
BARCLAYS PLC ADR 06738E204 2,948 172,225 SH   SOLE 0 172,225 0 0
BARRICK GOLD INC. COM 067901108 20,138 1,153,919 SH   SOLE 0 1,153,919 0 0
BCE INC COM 05534B109 30,307 668,560 SH   SOLE 0 668,560 0 0
BROOKFIELD PPTYS CORP. COM 112900105 25,652 1,395,078 SH   SOLE 0 1,395,078 0 0
CAE INC. COM 124765108 14,244 1,241,851 SH   SOLE 0 1,241,851 0 0
CAMECO CORP. COM 13321L108 1,079 47,245 SH   SOLE 0 47,245 0 0
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101 13,281 169,255 SH   SOLE 0 169,255 0 0
CANADIAN NATIONAL RAILWAY COM 136375102 807 7,500 SH   SOLE 0 7,500 0 0
CANADIAN NATURAL RESOURCES LTD. COM 136385101 29,097 965,317 SH   SOLE 0 965,317 0 0
CHINA MOBILE LIMITED SPON ADR 16941M109 2,610 50,414 SH   SOLE 0 50,414 0 0
CISCO SYSTEMS INC. COM 17275R102 6,933 284,880 SH   SOLE 0 284,880 0 0
CITIGROUP INC. COM 172967424 5,798 120,865 SH   SOLE 0 120,865 0 0
COACH INC. COM 189754104 10,156 177,900 SH   SOLE 0 177,900 0 0
COCA-COLA COMPANY COM 191216100 1,049 26,165 SH   SOLE 0 26,165 0 0
CORNING INC. COM 219350105 9,259 650,641 SH   SOLE 0 650,641 0 0
DEVON ENERGY CORP. COM 25179M103 4,651 89,643 SH   SOLE 0 89,643 0 0
EMERSON ELECTRIC COMPANY COM 291011104 5,239 96,053 SH   SOLE 0 96,053 0 0
ENCANA CORP COM 292505104 28,903 1,545,427 SH   SOLE 0 1,545,427 0 0
EXFO INC. SUB VTG 302046107 53 10,590 SH   SOLE 0 10,590 0 0
EXXON MOBIL CORP. COM 30231G102 42,636,149 47,184 SH   SOLE 0 47,184 0 0
GENERAL MOTORS CORP. COM 37045V100 11,195 336,090 SH   SOLE 0 336,090 0 0
GLAXOSMITHKLINE PLC SPON ADR 37733W105 3,960 79,245 SH   SOLE 0 79,245 0 0
GOLDCORP INC. COM 380956409 15,701 571,780 SH   SOLE 0 571,780 0 0
HONEYWELL INTL INC COM 438516106 4,875 61,443 SH   SOLE 0 61,443 0 0
HUDBAY MINERALS INC. COM 443628102 115 15,785 SH   SOLE 0 15,785 0 0
ING GROEP N V SPON ADR 456837103 3,189 350,805 SH   SOLE 0 350,805 0 0
JOHNSON & JOHNSON COM 478160104 11,415 132,950 SH   SOLE 0 132,950 0 0
JP MORGAN CHASE & CO COM 46625H100 9,599 181,838 SH   SOLE 0 181,838 0 0
LAKE SHORE GOLD CORP COM 510728108 55 164,525 SH   SOLE 0 164,525 0 0
MAGNA INTL INC COM 559222401 29,413 373,740 SH   SOLE 0 373,740 0 0
MANULIFE FINL CORP COM 56501R106 43,574 2,462,750 SH   SOLE 0 2,462,750 0 0
MERCK & CO. INC. COM 58933Y105 1,241 26,720 SH   SOLE 0 26,720 0 0
METLIFE INC. COM 59156R108 9,481 207,196 SH   SOLE 0 207,196 0 0
MICROSOFT CORP. COM 594918104 10,525 304,666 SH   SOLE 0 304,666 0 0
MORGAN STANLEY COM 617446448 9,192 388,537 SH   SOLE 0 388,537 0 0
NTT DOCOMO INC. SPON ADR 62942M201 2,682 171,345 SH   SOLE 0 171,345 0 0
NATIONAL GRID PLC SPON ADR 636274300 409 7,220 SH   SOLE 0 7,220 0 0
NEW GOLD INC. COM 644535106 12,351 1,725,115 SH   SOLE 0 1,725,115 0 0
NORTH AMERICAN PALLADIUM LTD. COM 656912102 57 51,780 SH   SOLE 0 51,780 0 0
ORACLE CORP COM 68389X105 2,995 97,510 SH   SOLE 0 97,510 0 0
PENGROWTH ENERGY CORP. COM 7006P104 312 57,415 SH   SOLE 0 57,415 0 0
PENN WEST PETE LTD NEW COM 707887105 304 26,025 SH   SOLE 0 26,025 0 0
PETROLEO BRASILEIRO SPON ADR 71654V408 1,686 125,710 SH   SOLE 0 125,710 0 0
PFIZER INC COM 717081103 7,870 280,958 SH   SOLE 0 280,958 0 0
POTASH CORP SASK INC COM 73755L107 5,641 133,760 SH   SOLE 0 133,760 0 0
PROCTER & GAMBLE CO COM 742718109 4,566 59,312 SH   SOLE 0 59,312 0 0
RESEARCH IN MOTION LTD. COM 760975102 20,600 866,045 SH   SOLE 0 866,045 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 23,473 541,935 SH   SOLE 0 541,935 0 0
ROYAL BANK OF CANADA COM 780087102 42,440 658,763 SH   SOLE 0 658,763 0 0
ROYAL DUTCH SHELL SPON ADR A 780259206 2,535 39,735 SH   SOLE 0 39,735 0 0
RUBICON MINERALS CORP. COM 780911103 35 24,140 SH   SOLE 0 24,140 0 0
SANOFI AVENTIS SPON ADR 80105N105 2,465 47,853 SH   SOLE 0 47,853 0 0
SAP AG SPON ADR 803054204 2,100 28,840 SH   SOLE 0 28,840 0 0
SHAW COMMUNICATIONS CL B CONV 82028K200 20,385 768,255 SH   SOLE 0 768,255 0 0
SIEMENS AG SPON ADR 826197501 3,236 31,944 SH   SOLE 0 31,944 0 0
STAPLES INC. COM 855030102 9,066 571,245 SH   SOLE 0 571,245 0 0
SUN LIFE FINL INC. COM 866796105 32,564 994,370 SH   SOLE 0 994,370 0 0
SUNCOR ENERGY INC COM 867229106 30,861 946,950 SH   SOLE 0 946,950 0 0
SYMANTEC CORP. COM 871503108 2,123 94,450 SH   SOLE 0 94,450 0 0
TALISMAN ENERGY INC COM 87425E103 34,428 2,729,018 SH   SOLE 0 2,729,018 0 0
TECK RESOURCES LTD. CL B 878742204 13,442 569,045 SH   SOLE 0 569,045 0 0
TELUS CORP. NON -VTG 87971M202 2,196 70,365 SH   SOLE 0 70,365 0 0
THOMSON CREEK METALS CO INC COM 884768102 54 16,260 SH   SOLE 0 16,260 0 0
THOMSON REUTERS CORP COM 884903105 29,020 804,325 SH   SOLE 0 804,325 0 0
TIM HORTONS INC COM 88706M103 1,645 27,510 SH   SOLE 0 27,510 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 44,402 499,998 SH   SOLE 0 499,998 0 0
TOTAL S A SPON ADR 89151E109 2,588 53,141 SH   SOLE 0 53,141 0 0
TRANSCANADA CORP COM 89353D107 861 18,100 SH   SOLE 0 18,100 0 0
VERIZON COMMUNICATIONS COM 92343V104 8,684 172,507 SH   SOLE 0 172,507 0 0
VODAFONE GROUP PLC SPON ADR 92857W209 8,473 294,775 SH   SOLE 0 294,775 0 0
WAL MART STORES INC COM 931142103 2,509 33,680 SH   SOLE 0 33,680 0 0
WALGREEN CO. COM 931422109 10,495 237,454 SH   SOLE 0 237,454 0 0
WELLS FARGO & CO NEW COM 949746101 10,398 251,945 SH   SOLE 0 251,945 0 0
ZIMMER HOLDINGS INC. COM 98956P102 5,151 68,735 SH   SOLE 0 68,735 0 0