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 3,207 143,128 SH   SOLE 0 143,128 0 0
AMERICAN INT'L GROUP INC. COM 026874784 9,982 184,775 SH   SOLE 0 184,775 0 0
ASTRAZENECA PLC SPON ADR 046353108 3,426 52,800 SH   SOLE 0 52,800 0 0
ATLANTIC POWER CORP. COM 04878Q863 39 12,710 SH   SOLE 0 12,710 0 0
BANK OF AMERICA CORPORATION COM 060505104 8,918 523,055 SH   SOLE 0 523,055 0 0
BANK MONTREAL QUE COM 063671101 47,237 505,200 SH   SOLE 0 505,200 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 48,322 635,695 SH   SOLE 0 635,695 0 0
BARCLAYS PLC ADR 06738E204 3,173 214,267 SH   SOLE 0 214,267 0 0
BARRICK GOLD INC. COM 067901108 16,022 857,649 SH   SOLE 0 857,649 0 0
BCE INC COM 05534B109 41,773 768,990 SH   SOLE 0 768,990 0 0
BED BATH & BEYOND COM 075896100 10,826 164,455 SH   SOLE 0 164,455 0 0
CAE INC. COM 124765108 16,242 1,054,411 SH   SOLE 0 1,054,411 0 0
CAMECO CORP. COM 13321L108 12,480 556,770 SH   SOLE 0 556,770 0 0
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101 25,166 220,563 SH   SOLE 0 220,563 0 0
CANADIAN NATURAL RESOURCES LTD. COM 136385101 28,895 585,477 SH   SOLE 0 585,477 0 0
CENOVUS ENERGY INC. COM 15135U109 3,151 921,950 SH   SOLE 0 921,950 0 0
CHINA MOBILE LIMITED SPON ADR 16941M109 2,255 38,384 SH   SOLE 0 38,384 0 0
CISCO SYSTEMS INC. COM 17275R102 3,393 134,811 SH   SOLE 0 134,811 0 0
CITIGROUP INC. COM 172967424 6,624 127,824 SH   SOLE 0 127,824 0 0
COACH INC. COM 189754104 1,451 40,735 SH   SOLE 0 40,735 0 0
COCA-COLA COMPANY COM 191216100 10,953 256,745 SH   SOLE 0 256,745 0 0
CORNING INC. COM 219350105 13,192 682,087 SH   SOLE 0 682,087 0 0
DEERE & CO COM 244199105 697 8,505 SH   SOLE 0 8,505 0 0
DEVON ENERGY CORP. COM 25179M103 2,447 35,892 SH   SOLE 0 35,892 0 0
EMERSON ELECTRIC COMPANY COM 291011104 3,807 60,828 SH   SOLE 0 60,828 0 0
ENCANA CORP COM 292505104 23,073 855,367 SH   SOLE 0 855,367 0 0
ENERPLUS CORP. COM 292766102 6,678 276,905 SH   SOLE   276,905 0 0
EXFO INC. SUB VTG 302046107 78 14,725 SH   SOLE 0 14,725 0 0
EXXON MOBIL CORP. COM 30231G102 4,865 51,728 SH   SOLE 0 51,728 0 0
GENERAL MOTORS CORP. COM 37045V100 8,011 250,828 SH   SOLE 0 250,828 0 0
GLAXOSMITHKLINE PLC SPON ADR 37733W105 3,747 81,520 SH   SOLE 0 81,520 0 0
GOLDCORP INC. COM 380956409 13,939 475,955 SH   SOLE 0 475,955 0 0
HONEYWELL INTL INC COM 438516106 6,667 71,596 SH   SOLE 0 71,596 0 0
HUDBAY MINERALS INC. COM 443628102 104 9,650 SH   SOLE 0 9,650 0 0
ING GROEP N V SPON ADR 456837103 5,547 390,874 SH   SOLE 0 390,874 0 0
JOHNSON & JOHNSON COM 478160104 14,635 137,298 SH   SOLE 0 137,298 0 0
JP MORGAN CHASE & CO COM 46625H100 11,381 188,921 SH   SOLE 0 188,921 0 0
LAKE SHORE GOLD CORP COM 510728108 78 60,565 SH   SOLE 0 60,565 0 0
MAGNA INTL INC COM 559222401 16,424 136,205 SH   SOLE 0 136,205 0 0
MANULIFE FINL CORP COM 56501R106 42,208 1,727,548 SH   SOLE 0 1,727,548 0 0
MERCK & CO. INC. COM 58933Y105 1,069 18,025 SH   SOLE 0 18,025 0 0
METLIFE INC. COM 59156R108 11,976 222,928 SH   SOLE 0 222,928 0 0
MICROSOFT CORP. COM 594918104 9,037 194,940 SH   SOLE 0 194,940 0 0
MORGAN STANLEY COM 617446448 11,999 347,107 SH   SOLE 0 347,107 0 0
NTT DOCOMO INC. SPON ADR 62942M201 4,580 273,619 SH   SOLE 0 273,619 0 0
NATIONAL GRID PLC SPON ADR 636274300 395 5,490 SH   SOLE 0 5,490 0 0
NEW GOLD INC. COM 644535106 13,351 2,075,900 SH   SOLE 0 2,075,900 0 0
NORTH AMERICAN PALLADIUM LTD. COM 656912102 16 65,860 SH   SOLE 0 65,860 0 0
ORACLE CORP COM 68389X105 4,352 113,694 SH   SOLE 0 113,694 0 0
ORANGE SPON ADR 684060106 10,350 702,196 SH   SOLE 0 702,196 0 0
PENN WEST PETROLEUM LTD. COM 707887105 13,752 1,597,371 SH   SOLE 0 1,597,371 0 0
PETROLEO BRASILEIRO SPON ADR 71654V408 1,759 123,962 SH   SOLE 0 123,962 0 0
PFIZER INC COM 717081103 7,016 237,279 SH   SOLE 0 237,279 0 0
POTASH CORP SASK INC COM 73755L107 6,320 143,690 SH   SOLE 0 143,690 0 0
PROCTER & GAMBLE CO COM 742718109 5,781 69,035 SH   SOLE 0 69,035 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 39,403 829,400 SH   SOLE 0 829,400 0 0
ROYAL BANK OF CANADA COM 780087102 67,097 738,953 SH   SOLE 0 738,953 0 0
ROYAL DUTCH SHELL SPON ADR A 780259206 3,647 47,905 SH   SOLE 0 47,905 0 0
RUBICON MINERALS CORP. COM 780911103 88 51,255 SH   SOLE 0 51,255 0 0
SANOFI AVENTIS SPON ADR 80105N105 3,171 56,187 SH   SOLE 0 56,187 0 0
SAP AG SPON ADR 803054204 2,761 38,263 SH   SOLE 0 38,263 0 0
SHAW COMMUNICATIONS CL B CONV 82028K200 27,822 893,570 SH   SOLE 0 893,570 0 0
STAPLES INC. COM 855030102 4,851 400,925 SH   SOLE 0 400,925 0 0
SUN LIFE FINL INC. COM 866796105 39,318 853,780 SH   SOLE 0 853,780 0 0
SUNCOR ENERGY INC COM 867229106 23,998 552,025 SH   SOLE 0 552,025 0 0
SYMANTEC CORP. COM 871503108 2,591 110,220 SH   SOLE 0 110,220 0 0
TALISMAN ENERGY INC COM 87425E103 23,217 2,112,328 SH   SOLE 0 2,112,328 0 0
TECK RESOURCES LTD. CL B 878742204 28,581 1,187,960 SH   SOLE 0 1,187,960 0 0
TELUS CORP. NON -VTG 87971M202 11,880 273,885 SH   SOLE 0 273,885 0 0
TEVA PHARMACEUTICAL INDS LTD. ADR 881624209 4,350 80,923 SH   SOLE 0 80,923 0 0
THOMSON CREEK METALS CO INC COM 884768102 66 23,395 SH   SOLE 0 23,395 0 0
THOMSON REUTERS CORP COM 884903105 33,595 725,915 SH   SOLE 0 725,915 0 0
TIM HORTONS INC COM 88706M103 3,979 39,775 SH   SOLE 0 39,775 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 68,693 1,095,716 SH   SOLE 0 1,095,716 0 0
TOTAL S A SPON ADR 89151E109 4,042 62,710 SH   SOLE 0 62,710 0 0
UNILEVER PLC SPON ADR 904767704 280 6,700 SH   SOLE 0 6,700 0 0
VERIZON COMMUNICATIONS COM 92343V104 11,007 220,192 SH   SOLE 0 220,192 0 0
VODAFONE GROUP PLC SPON ADR 92857W209 2,577 78,360 SH   SOLE 0 78,360 0 0
WAL MART STORES INC COM 931142103 3,049 39,875 SH   SOLE 0 39,875 0 0
WALGREEN CO. COM 931422109 14,563 245,710 SH   SOLE 0 245,710 0 0
WELLS FARGO & CO NEW COM 949746101 13,956 269,055 SH   SOLE 0 269,055 0 0
WI-LAN INC. COM 928972108 98 21,170 SH   SOLE 0 21,170 0 0
ZIMMER HOLDINGS INC. COM 98956P102 7,553 75,120 SH   SOLE 0 75,120 0 0