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 3,191 120,133 SH   SOLE 0 120,133 0 0
AMERICAN INT'L GROUP INC. COM 026874784 8,746 171,315 SH   SOLE 0 171,315 0 0
ASTRAZENECA PLC SPON ADR 046353108 3,034 51,100 SH   SOLE 0 51,100 0 0
ATLANTIC POWER CORP. COM 04878Q863 42 12,585 SH   SOLE 0 12,585 0 0
BANK OF AMERICA CORPORATION COM 060505104 6,228 400,032 SH   SOLE 0 400,032 0 0
BANK MONTREAL QUE COM 063671101 224,996 550,710 SH   SOLE 0 550,710 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 34,660 554,215 SH   SOLE 0 554,215 0 0
BARCLAYS PLC ADR 06738E204 3,274 180,593 SH   SOLE 0 180,593 0 0
BARRICK GOLD INC. COM 067901108 18,300 1,038,959 SH   SOLE 0 1,038,959 0 0
BCE INC COM 05534B109 35,482 819,350 SH   SOLE 0 819,350 0 0
BROOKFIELD PPTYS CORP. COM 112900105 25,501 1,247,028 SH   SOLE 0 1,247,028 0 0
CAE INC. COM 124765108 16,424 1,291,341 SH   SOLE 0 1,291,341 0 0
CAMECO CORP. COM 13321L108 1,041 50,180 SH   SOLE 0 50,180 0 0
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101 19,948 233,565 SH   SOLE 0 233,565 0 0
CANADIAN NATURAL RESOURCES LTD. COM 136385101 23,389 691,277 SH   SOLE 0 691,277 0 0
CHINA MOBILE LIMITED SPON ADR 16941M109 2,810 53,734 SH   SOLE 0 53,734 0 0
CISCO SYSTEMS INC. COM 17275R102 6,510 290,255 SH   SOLE 0 290,255 0 0
CITIGROUP INC. COM 172967424 6,434 123,465 SH   SOLE 0 123,465 0 0
COACH INC. COM 189754104 10,160 181,015 SH   SOLE 0 181,015 0 0
COCA-COLA COMPANY COM 191216100 1,179 28,545 SH   SOLE 0 28,545 0 0
CORNING INC. COM 219350105 11,569 649,196 SH   SOLE 0 649,196 0 0
DEVON ENERGY CORP. COM 25179M103 5,544 89,608 SH   SOLE 0 89,608 0 0
EMERSON ELECTRIC COMPANY COM 291011104 3,376 48,098 SH   SOLE 0 48,098 0 0
ENCANA CORP COM 292505104 25,064 1,388,112 SH   SOLE 0 1,388,112 0 0
ENERPLUS CORP. COM 292766102 6,442 354,555 SH   SOLE   354,555 0 0
EXFO INC. SUB VTG 302046107 50 10,590 SH   SOLE 0 10,590 0 0
EXXON MOBIL CORP. COM 30231G102 4,653 45,979 SH   SOLE 0 45,979 0 0
GENERAL MOTORS CORP. COM 37045V100 13,996 342,460 SH   SOLE 0 342,460 0 0
GLAXOSMITHKLINE PLC SPON ADR 37733W105 3,423 64,105 SH   SOLE 0 64,105 0 0
GOLDCORP INC. COM 380956409 12,327 568,320 SH   SOLE 0 568,320 0 0
HONEYWELL INTL INC COM 438516106 5,567 60,928 SH   SOLE 0 60,928 0 0
HUDBAY MINERALS INC. COM 443628102 125 15,270 SH   SOLE 0 15,270 0 0
ING GROEP N V SPON ADR 456837103 5,012 357,720 SH   SOLE 0 357,720 0 0
JOHNSON & JOHNSON COM 478160104 11,843 129,300 SH   SOLE 0 129,300 0 0
JP MORGAN CHASE & CO COM 46625H100 10,868 185,843 SH   SOLE 0 185,843 0 0
LAKE SHORE GOLD CORP COM 510728108 53 115,855 SH   SOLE 0 115,855 0 0
MAGNA INTL INC COM 559222401 18,098 220,710 SH   SOLE 0 220,710 0 0
MANULIFE FINL CORP COM 56501R106 41,319 2,094,003 SH   SOLE 0 2,094,003 0 0
MERCK & CO. INC. COM 58933Y105 1,337 26,720 SH   SOLE 0 26,720 0 0
METLIFE INC. COM 59156R108 11,326 210,061 SH   SOLE 0 210,061 0 0
MICROSOFT CORP. COM 594918104 11,603 310,156 SH   SOLE 0 310,156 0 0
MORGAN STANLEY COM 617446448 9,917 316,217 SH   SOLE 0 316,217 0 0
NTT DOCOMO INC. SPON ADR 62942M201 4,027 243,934 SH   SOLE 0 243,934 0 0
NATIONAL GRID PLC SPON ADR 636274300 461 7,065 SH   SOLE 0 7,065 0 0
NEW GOLD INC. COM 644535106 12,856 2,456,090 SH   SOLE 0 2,456,090 0 0
NORTH AMERICAN PALLADIUM LTD. COM 656912102 35 51,780 SH   SOLE 0 51,780 0 0
ORACLE CORP COM 68389X105 3,685 96,310 SH   SOLE 0 96,310 0 0
ORANGE SPON ADR 684060106 8,201 664,036 SH   SOLE 0 664,036 0 0
PETROLEO BRASILEIRO SPON ADR 71654V408 1,403 101,835 SH   SOLE 0 101,835 0 0
PFIZER INC COM 717081103 8,125 265,263 SH   SOLE 0 265,263 0 0
POTASH CORP SASK INC COM 73755L107 11,194 339,535 SH   SOLE 0 339,535 0 0
PROCTER & GAMBLE CO COM 742718109 4,793 58,872 SH   SOLE 0 58,872 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 29,077 642,515 SH   SOLE 0 642,515 0 0
ROYAL BANK OF CANADA COM 780087102 50,878 756,808 SH   SOLE 0 756,808 0 0
ROYAL DUTCH SHELL SPON ADR A 780259206 2,994 42,010 SH   SOLE 0 42,010 0 0
RUBICON MINERALS CORP. COM 780911103 76 82,690 SH   SOLE 0 82,690 0 0
SANOFI AVENTIS SPON ADR 80105N105 2,532 47,218 SH   SOLE 0 47,218 0 0
SAP AG SPON ADR 803054204 2,809 32,240 SH   SOLE 0 32,240 0 0
SHAW COMMUNICATIONS CL B CONV 82028K200 22,758 935,160 SH   SOLE 0 935,160 0 0
SIEMENS AG SPON ADR 826197501 3,234 23,349 SH   SOLE 0 23,349 0 0
STAPLES INC. COM 855030102 9,216 579,970 SH   SOLE 0 579,970 0 0
SUN LIFE FINL INC. COM 866796105 39,348 1,113,975 SH   SOLE 0 1,113,975 0 0
SUNCOR ENERGY INC COM 867229106 21,810 622,110 SH   SOLE 0 622,110 0 0
SYMANTEC CORP. COM 871503108 2,208 93,655 SH   SOLE 0 93,655 0 0
TALISMAN ENERGY INC COM 87425E103 27,541 2,368,858 SH   SOLE 0 2,368,858 0 0
TECK RESOURCES LTD. CL B 878742204 20,076 771,240 SH   SOLE 0 771,240 0 0
TELUS CORP. NON -VTG 87971M202 7,528 218,700 SH   SOLE 0 218,700 0 0
TEVA PHARMACEUTICAL INDS LTD. ADR 881624209 3,210 80,098 SH   SOLE 0 80,098 0 0
THOMSON CREEK METALS CO INC COM 884768102 57 26,270 SH   SOLE 0 26,270 0 0
THOMSON REUTERS CORP COM 884903105 27,254 720,695 SH   SOLE 0 720,695 0 0
TIM HORTONS INC COM 88706M103 4,813 82,490 SH   SOLE 0 82,490 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 55,324 587,028 SH   SOLE 0 587,028 0 0
TOTAL S A SPON ADR 89151E109 3,193 52,106 SH   SOLE 0 52,106 0 0
VERIZON COMMUNICATIONS COM 92343V104 8,163 166,117 SH   SOLE 0 166,117 0 0
VODAFONE GROUP PLC SPON ADR 92857W209 2,628 66,850 SH   SOLE 0 66,850 0 0
WAL MART STORES INC COM 931142103 2,630 33,425 SH   SOLE 0 33,425 0 0
WALGREEN CO. COM 931422109 13,916 242,269 SH   SOLE 0 242,269 0 0
WELLS FARGO & CO NEW COM 949746101 11,712 257,970 SH   SOLE 0 257,970 0 0
WI-LAN INC. COM 928972108 73 22,185 SH   SOLE 0 22,185 0 0
ZIMMER HOLDINGS INC. COM 98956P102 6,382 68,485 SH   SOLE 0 68,485 0 0