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
AGRIUM INC. Common 008916108 48,219 493,293 SH   SOLE NONE 493,293 0 0
BANK OF NOVA SCOTIA Common 064149107 182,501 2,565,374 SH   SOLE NONE 2,565,374 0 0
BAYTEX ENERGY CORPORATION Common 07317Q105 15,614 317,033 SH   SOLE NONE 317,033 0 0
CAE INC. Common 124765108 50,877 3,644,450 SH   SOLE NONE 3,644,450 0 0
CANADIAN NATIONAL RAILWAY CO Common 136375102 81,839 1,179,233 SH   SOLE NONE 1,179,233 0 0
CANADIAN NATURAL RESOURCES Common 136385101 131,436 2,680,723 SH   SOLE NONE 2,680,723 0 0
CELESTICA INC. Common 15101Q108 28,602 2,131,283 SH   SOLE NONE 2,131,283 0 0
CORUS ENTERTAINMENT INC. Common 220874101 349 13,987 SH   SOLE NONE 13,987 0 0
ENBRIDGE INC Common 29250N105 6,349 125,394 SH   SOLE NONE 125,394 0 0
ENCANA CORPORATION Common 292505104 84,155 3,328,906 SH   SOLE NONE 3,328,906 0 0
GENWORTH MI CANADA INC. Common 37252B102 6,729 177,043 SH   SOLE NONE 177,043 0 0
GOLDCORP INC Common 380956409 54,916 1,844,052 SH   SOLE NONE 1,844,052 0 0
LUNDIN MINING CORPORATION Common 550372106 10,229 1,742,598 SH   SOLE NONE 1,742,598 0 0
MAGNA INTERNATIONAL CLASS A Class A 559222401 92,173 802,485 SH   SOLE NONE 802,485 0 0
MANULIFE FINANCIAL CORP Common 56501R106 165,270 7,792,101 SH   SOLE NONE 7,792,101 0 0
OPEN TEXT CORP Common 683715106 76,198 1,488,236 SH   SOLE NONE 1,488,236 0 0
POTASH CORP Common 73755L107 6,044 148,930 SH   SOLE NONE 148,930 0 0
PRECISION DRILLING TRUST UNIT Common 740215108 88,214 5,838,146 SH   SOLE NONE 5,838,146 0 0
ROYAL BANK OF CANADA Common 780087102 230,395 3,020,391 SH   SOLE NONE 3,020,391 0 0
SHAW COMMUNICATIONS INC B Class B 82028K200 59,816 2,186,254 SH   SOLE NONE 2,186,254 0 0
SUNCOR ENERGY INC Common 867224107 184,353 4,051,722 SH   SOLE NONE 4,051,722 0 0
TECK RESOURCES LTD. CLASS B class B 878742204 67,688 2,778,672 SH   SOLE NONE 2,778,672 0 0
THOMSON REUTERS COPR Common 884903105 93,455 2,405,526 SH   SOLE NONE 2,405,526 0 0
TORONTO-DOMINION BANK Common 891160509 233,576 4,252,242 SH   SOLE NONE 4,252,242 0 0
VALEANT PHARMACEUTICALS INTERNATIONAL Common 91911K102 68,220 505,557 SH   SOLE NONE 505,557 0 0
3M CO Common 88579Y101 265 1,731 SH   SOLE NONE 1,731 0 0
ACCENTURE PLC - CL A Class A G1151C101 252 2,921 SH   SOLE NONE 2,921 0 0
AFLAC INC Common 001055102 56,599 852,132 SH   SOLE NONE 852,132 0 0
ALLEGHENY TECHNOLOGIES INC Common 01741R102 21,485 446,482 SH   SOLE NONE 446,482 0 0
AMERICAN ELECTRIC POWER Common 025537101 132 2,226 SH   SOLE NONE 2,226 0 0
AMERICAN INTERNATIONAL GROUP Common 026874784 69,290 1,189,801 SH   SOLE NONE 1,189,801 0 0
ANADARKO PETROLEUM CORP Common 032511107 52,448 449,026 SH   SOLE NONE 449,026 0 0
APACHE CORP Common 037411105 43,273 403,063 SH   SOLE NONE 403,063 0 0
APPLIED MATERIALS INC Common 038222105 31,446 1,306,922 SH   SOLE NONE 1,306,922 0 0
AUTOMATIC DATA PROCESSING Common 053015103 68 800 SH   SOLE NONE 800 0 0
BLACKROCK INC Common 09247X101 131 385 SH   SOLE NONE 385 0 0
BOEING CO Common 097023105 63,842 470,275 SH   SOLE NONE 470,275 0 0
CHECK POINT SOFTWARE TECHNOLOGIES LTD. Common M22465104 36,725 513,488 SH   SOLE NONE 513,488 0 0
CHEVRON CORPORATION Common 166764100 250 1,797 SH   SOLE NONE 1,797 0 0
CISCO SYSTEMS INC Common 17275R102 51,492 1,942,000 SH   SOLE NONE 1,942,000 0 0
CITIGROUP INC. Common 172967424 67,884 1,350,769 SH   SOLE NONE 1,350,769 0 0
CITRIX SYSTEMS INC. Common 177376100 40,156 601,669 SH   SOLE NONE 601,669 0 0
CORNING INC Common 219350105 40,147 1,714,158 SH   SOLE NONE 1,714,158 0 0
DEERE & CO. Common 244199105 18,634 192,867 SH   SOLE NONE 192,867 0 0
DOW CHEMICAL Common 260543103 60,368 1,099,448 SH   SOLE NONE 1,099,448 0 0
FLUOR CORP Common 343412102 45,321 552,345 SH   SOLE NONE 552,345 0 0
FORD MOTOR CO Common 345370860 40,665 2,210,644 SH   SOLE NONE 2,210,644 0 0
GOLDMAN SACHS GROUP INC Common 38141G104 100,534 562,720 SH   SOLE NONE 562,720 0 0
GOOGLE INC CLASS A Class A 38259P508 34,432 55,193 SH   SOLE NONE 55,193 0 0
GOOGLE INC CLASS C Class C 38259P706 42,861 69,827 SH   SOLE NONE 69,827 0 0
HCA INC Common 40412C101 42,294 703,050 SH   SOLE NONE 703,050 0 0
INTEL CORP Common 458140100 77,382 2,347,035 SH   SOLE NONE 2,347,035 0 0
JOHNSON & JOHNSON Common 478160104 92,579 829,348 SH   SOLE NONE 829,348 0 0
JOHNSON CONTROLS INC Common 478366107 45,385 851,900 SH   SOLE NONE 851,900 0 0
JPMORGAN CHASE & CO Common 46625H100 49,842 810,700 SH   SOLE NONE 810,700 0 0
LOCKHEED MARTIN CORP Common 539830109 267 1,559 SH   SOLE NONE 1,559 0 0
MCDONALD'S CORP Common 580135101 248 2,311 SH   SOLE NONE 2,311 0 0
MICROSOFT CORPORATION Common 594918104 78,375 1,761,494 SH   SOLE NONE 1,761,494 0 0
NORFOLK SOUTHERN CORP Common 655844108 73,630 669,776 SH   SOLE NONE 669,776 0 0
NORTEL NETWORKS CORP Common 656568508 0 28 SH   SOLE NONE 28 0 0
NUVEEN ARIZONA MUNICIPAL BOND FUND Common 67065L401 224 19,651 SH   SOLE NONE 19,651 0 0
ORACLE CORP Common 68389X105 45,723 1,057,302 SH   SOLE NONE 1,057,302 0 0
PEABODY ENERGY CORP Common 704549104 30,713 1,760,534 SH   SOLE NONE 1,760,534 0 0
PFIZER INC Common 717081103 246 7,780 SH   SOLE NONE 7,780 0 0
PRINCIPAL HIGH YIELD FUND Common 74255L845 253 29,836 SH   SOLE NONE 29,836 0 0
PROCTER & GAMBLE Common 742718109 27,841 332,013 SH   SOLE NONE 332,013 0 0
PROSHARES ULTRA MSCI JAPAN Common 74347X708 9 100 SH   SOLE NONE 100 0 0
ROYAL DUTCH SHELL PLC-ADR ADR 780259107 254 2,740 SH   SOLE NONE 2,740 0 0
SANDRIDGE ENERGY INC. Common 80007P307 4 500 SH   SOLE NONE 500 0 0
SCHLUMBERGER LTD Common 806857108 102,024 810,663 SH   SOLE NONE 810,663 0 0
STATE STREET CORP Common 857477103 80,676 1,124,147 SH   SOLE NONE 1,124,147 0 0
SUNCOR ENERGY INC Common 867224107 48,783 1,144,328 SH   SOLE NONE 1,144,328 0 0
TARGET CORP Common 87612E106 40,413 653,581 SH   SOLE NONE 653,581 0 0
THE WALT DISNEY CO. Common 254687106 31,096 339,907 SH   SOLE NONE 339,907 0 0
THERMO FISHER SCIENTIFIC INC. Common 883556102 44,486 353,330 SH   SOLE NONE 353,330 0 0
UNITED PARCEL SVC-CL B Class B 911312106 252 2,301 SH   SOLE NONE 2,301 0 0
UNITED RENTALS INC. Common 911363109 31,854 285,056 SH   SOLE NONE 285,056 0 0
UNITEDHEALTH GROUP INC. Common 91324P102 71,299 817,401 SH   SOLE NONE 817,401 0 0
VANGUARD INTM TERM INV G-ADM Common 922031810 227 21,418 SH   SOLE NONE 21,418 0 0
VANGUARD INTRM TRM BOND INDEX Common 921937306 669 54,702 SH   SOLE NONE 54,702 0 0
VANGUARD MSCI EAFE ETF Common 921943858 149 3,275 SH   SOLE NONE 3,275 0 0
VERIZON COMMUNICATIONS INC. Common 92343V104 248 4,741 SH   SOLE NONE 4,741 0 0
WAL-MART STORES INC Common 931142103 237 2,958 SH   SOLE NONE 2,958 0 0
WELLS FARGO & COMPANY Common 949746101 46,102 822,050 SH   SOLE NONE 822,050 0 0
WYNDHAM WORLDWIDE CORP Common 98310W108 10,686 132,263 SH   SOLE NONE 132,263 0 0