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
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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
AMETEK Inc. COM 031100100 299 5,800 SH   SOLE NONE 5,800 0 0
ARM Holdings PLC ADR ADR 042068106 112 2,200 SH   SOLE NONE 2,200 0 0
Agilent Technologies Inc. COM 00846U101 419 7,500 SH   SOLE NONE 7,500 0 0
Agnico Eagle Mines Ltd. COM 008474108 551 18,200 SH   SOLE NONE 18,200 0 0
Agrium Inc. COM 008916108 634 6,500 SH   SOLE NONE 6,500 0 0
Altria Group Inc. COM 02209S103 1,497 40,000 SH   SOLE NONE 40,000 0 0
Amgen Inc. COM 031162100 358 2,900 SH   SOLE NONE 2,900 0 0
Analog Devices Inc. COM 032654105 106 2,000 SH   SOLE NONE 2,000 0 0
Apple Inc. COM 037833100 590 1,100 SH   SOLE NONE 1,100 0 0
Archer-Daniels-Midland Company COM 039483102 117 2,700 SH   SOLE NONE 2,700 0 0
BCE Inc. COM 05534B760 17 400 SH   SOLE NONE 400 0 0
BHP Billiton Limited ADR ADR 088606108 1,783 26,300 SH   SOLE NONE 26,300 0 0
Baker Hughes Inc. COM 057224107 663 10,200 SH   SOLE NONE 10,200 0 0
Bank of Montreal COM 063671101 6,174 92,250 SH   SOLE NONE 92,250 0 0
Bank of Nova Scotia COM 064149107 13,251 228,675 SH   SOLE NONE 228,675 0 0
Barrick Gold Corporation COM 067901108 613 34,400 SH   SOLE NONE 34,400 0 0
Baytex Energy Corp COM 07317Q105 1,969 47,800 SH   SOLE NONE 47,800 0 0
Becton, Dickinson and Company COM 075887109 258 2,200 SH   SOLE NONE 2,200 0 0
Bellatrix Exploration Limited COM 078314101 837 98,900 SH   SOLE NONE 98,900 0 0
Berkshire Hathaway Inc. 'B' COM 084670702 19 150 SH   SOLE NONE 0 0 150
Bristol-Myers Squibb Company COM 110122108 166 3,200 SH   SOLE NONE 3,200 0 0
Brookfield Asset Management Inc. 'A' COM 112585104 2,266 55,600 SH   SOLE NONE 55,600 0 0
CAE Inc. COM 124765108 1,535 116,600 SH   SOLE NONE 116,600 0 0
CGI Group Inc. 'A' COM 39945C109 843 27,300 SH   SOLE NONE 27,300 0 0
CSX Corporation COM 126408103 368 12,700 SH   SOLE NONE 12,700 0 0
CVS Caremark Corporation COM 126650100 524 7,000 SH   SOLE NONE 7,000 0 0
Cameco Corporation COM 13321L108 220 9,600 SH   SOLE NONE 9,600 0 0
Canadian Imperial Bank of Commerce COM 136069101 7,066 81,975 SH   SOLE NONE 81,975 0 0
Canadian National Railway Co. COM 136375102 5,166 91,900 SH   SOLE NONE 91,900 0 0
Canadian Natural Resources Ltd. COM 136385101 5,188 135,300 SH   SOLE NONE 135,300 0 0
Canadian Pacific Railway Limited COM 13645T100 1,724 11,500 SH   SOLE NONE 11,500 0 0
Catamaran Corp COM 148887102 497 11,100 SH   SOLE NONE 11,100 0 0
Celestica Inc. COM 15101Q108 392 35,800 SH   SOLE NONE 35,800 0 0
Cemex SAB De CV 4.875% March 15, 2015 CCB 151290AV5 1,057 860,000 PRN   SOLE NONE 0 0 860,000
Chevron Corporation COM 166764100 381 3,200 SH   SOLE NONE 3,200 0 0
Citigroup Inc. COM 172967424 838 17,600 SH   SOLE NONE 17,600 0 0
Cliffs Natural Resources Inc. COM 18683K101 430 21,000 SH   SOLE NONE 21,000 0 0
ConocoPhillips COM 20825C104 1,337 19,000 SH   SOLE NONE 19,000 0 0
Crescent Point Energy Corporation COM 22576C101 1,399 38,300 SH   SOLE NONE 38,300 0 0
Cummins Inc. COM 231021106 507 3,400 SH   SOLE NONE 3,400 0 0
Dealertrack Technologies Inc. 1.50% March 15, 2017 CCB 242309AB8 579 405,000 PRN   SOLE NONE 405,000 0 0
Devry Education Group Inc. COM 251893103 144 3,400 SH   SOLE NONE 3,400 0 0
Discover Financial Services COM 254709108 652 11,200 SH   SOLE NONE 11,200 0 0
ENSCO PLC Class A COM G3157S106 1,858 35,200 SH   SOLE NONE 35,200 0 0
EOG Resources Inc. COM 26875P101 59 300 SH   SOLE NONE 300 0 0
Eaton Corporation PLC COM G29183103 120 1,600 SH   SOLE NONE 1,600 0 0
Enbridge Inc. COM 29250N105 14 300 SH   SOLE NONE 300 0 0
Encana Corporation COM 292505104 1,908 89,300 SH   SOLE NONE 89,300 0 0
Endo International PLC 1.75% April 15, 2015 CCB 29264FAB2 1,405 597,000 PRN   SOLE NONE 597,000 0 0
Fifth Third Bancorp COM 316773100 60 2,600 SH   SOLE NONE 2,600 0 0
Foot Locker Inc. COM 344849104 103 2,200 SH   SOLE NONE 2,200 0 0
Ford Motor Credit Co. 4.25% November 15, 2016 CCB 345370CN8 480 265,000 PRN   SOLE NONE 265,000 0 0
Frontier Communications Corporation COM 35906A108 2,622 460,000 SH   SOLE NONE 460,000 0 0
General Electric Company COM 369604103 119 4,600 SH   SOLE NONE 4,600 0 0
Gildan Activewear Inc. COM 375916103 454 9,000 SH   SOLE NONE 9,000 0 0
Gilead Sciences Inc. COM 375558103 92 1,300 SH   SOLE NONE 1,300 0 0
Gilead Sciences Inc. 1.625% May 1, 2016 CCB 375558AP8 2,292 735,000 PRN   SOLE NONE 735,000 0 0
GlaxoSmithKline PLC ADR ADR 37733W105 64 1,200 SH   SOLE NONE 1,200 0 0
Goldcorp Inc. COM 380956409 1,213 49,700 SH   SOLE NONE 49,700 0 0
Gran Tierra Energy Inc. COM 38500T101 1,851 246,400 SH   SOLE NONE 246,400 0 0
Halliburton Company COM 406216101 658 11,181 SH   SOLE NONE 11,181 0 0
Intel Corporation COM 458140100 1,995 77,300 SH   SOLE NONE 77,300 0 0
Invesco Limited COM G491BT108 821 22,200 SH   SOLE NONE 22,200 0 0
JPMorgan Chase & Co COM 46625H100 838 13,800 SH   SOLE NONE 13,800 0 0
Janus Capital Group Inc. COM 47102X105 1,787 164,400 SH   SOLE NONE 164,400 0 0
Kimberly-Clark Corporation COM 494368103 55 500 SH   SOLE NONE 500 0 0
Kohl's Corporation COM 500255104 85 1,500 SH   SOLE NONE 1,500 0 0
L-3 Communications Holdings Inc. COM 502424104 520 4,400 SH   SOLE NONE 4,400 0 0
Lowe's Companies Inc. COM 548661107 342 7,000 SH   SOLE NONE 7,000 0 0
LyondellBasell Industries NV 'A' COM N53745100 2,286 25,700 SH   SOLE NONE 25,700 0 0
MGM Resorts International 4.25% April 15, 2015 CCB 55303QAE0 387 265,000 PRN   SOLE NONE 265,000 0 0
Macy's Inc. COM 55616P104 504 8,500 SH   SOLE NONE 8,500 0 0
Magna International Inc. COM 559222401 3,347 34,800 SH   SOLE NONE 34,800 0 0
Manulife Financial Corporation COM 56501R106 3,629 188,100 SH   SOLE NONE 188,100 0 0
Market Vectors High Yield Municipal Index ETF ETF 57060U878 1,764 59,700 SH   SOLE NONE 59,700 0 0
Mattel Inc. COM 577081102 277 6,900 SH   SOLE NONE 6,900 0 0
McKesson Corporation COM 58155Q103 600 3,400 SH   SOLE NONE 3,400 0 0
Medtronic Inc. COM 585055106 431 7,000 SH   SOLE NONE 7,000 0 0
Merck & Company Inc. COM 58933Y105 380 6,700 SH   SOLE NONE 6,700 0 0
MetLife Inc. COM 59156R108 438 8,300 SH   SOLE NONE 8,300 0 0
Microchip Technology Inc. 2.125% December 15, 2037 CCB 595017AB0 1,729 932,000 PRN   SOLE NONE 932,000 0 0
Microsoft Corporation COM 594918104 20 500 SH   SOLE NONE 500 0 0
Morgan Stanley COM 617446448 106 3,400 SH   SOLE NONE 3,400 0 0
NTELOS Holdings Corporation COM 67020Q305 1,242 92,000 SH   SOLE NONE 92,000 0 0
NVIDIA Corporation COM 67066G104 374 20,900 SH   SOLE NONE 20,900 0 0
NetApp Inc. COM 64110D104 314 8,500 SH   SOLE NONE 8,500 0 0
Noble Energy Inc. COM 655044105 326 4,586 SH   SOLE NONE 4,586 0 0
Norfolk Southern Corporation COM 655844108 107 1,100 SH   SOLE NONE 1,100 0 0
Novellus Systems Inc. 2.625% May 15, 2041 CCB 670008AD3 1,381 812,000 PRN   SOLE NONE 812,000 0 0
Open Text Corporation COM 683715106 1,582 33,100 SH   SOLE NONE 33,100 0 0
Peabody Energy Corp. COM 704549104 438 26,800 SH   SOLE NONE 26,800 0 0
Pfizer Inc. COM 717081103 1,005 31,300 SH   SOLE NONE 31,300 0 0
Phillips 66 COM 718546104 301 3,900 SH   SOLE NONE 3,900 0 0
Potash Corp. of Saskatchewan Inc. COM 73755L107 1,871 51,700 SH   SOLE NONE 51,700 0 0
Precision Drilling Corporation COM 74022D308 4,400 367,200 SH   SOLE NONE 367,200 0 0
Progressive Waste Solutions Limited COM 74339G101 448 17,700 SH   SOLE NONE 17,700 0 0
QUALCOMM Inc. COM 747525103 2,051 26,000 SH   SOLE NONE 26,000 0 0
Randgold Resources Limited ADR ADR 752344309 165 2,200 SH   SOLE NONE 2,200 0 0
ResMed Inc. COM 761152107 134 3,000 SH   SOLE NONE 3,000 0 0
Robert Half International Inc. COM 770323103 415 9,900 SH   SOLE NONE 9,900 0 0
Rock-Tenn Company 'A' COM 772739207 338 3,200 SH   SOLE NONE 3,200 0 0
Rockwell Automation Inc. COM 773903109 411 3,300 SH   SOLE NONE 3,300 0 0
Rogers Communications Inc. 'B' COM 775109200 1,144 27,600 SH   SOLE NONE 0 0 27,600
Royal Bank of Canada COM 780087102 14,713 223,050 SH   SOLE NONE 223,050 0 0
SAP AG ADR ADR 803054204 8 100 SH   SOLE NONE 0 0 100
Seagate Technology PLC COM G7945M107 601 10,700 SH   SOLE NONE 10,700 0 0
Silver Wheaton Corporation COM 828336107 781 34,400 SH   SOLE NONE 34,400 0 0
Stantec Inc. COM 85472N109 1,266 20,700 SH   SOLE NONE 20,700 0 0
Suncor Energy Inc. COM 867224107 8,306 237,712 SH   SOLE NONE 237,712 0 0
Tahoe Resources Inc. COM 873868103 182 8,600 SH   SOLE NONE 8,600 0 0
Taiwan Semiconductor Manufacturing Company Limited ADR ADR 874039100 78 3,900 SH   SOLE NONE 3,900 0 0
Teck Resources Limited 'B' COM 878742204 4,103 190,000 SH   SOLE NONE 190,000 0 0
Texas Instruments Inc. COM 882508104 306 6,500 SH   SOLE NONE 6,500 0 0
The Blackstone Group Limited Partnership COM 09253U108 622 18,700 SH   SOLE NONE 18,700 0 0
The Coca-Cola Company COM 191216100 170 4,400 SH   SOLE NONE 4,400 0 0
The Descartes Systems Group Inc. COM 249906108 3,066 219,300 SH   SOLE NONE 219,300 0 0
The Procter & Gamble Company COM 742718109 8 100 SH   SOLE NONE 100 0 0
The Williams Companies Inc. COM 969457100 2,070 51,000 SH   SOLE NONE 51,000 0 0
Thermo Fisher Scientific Inc. COM 883556102 421 3,500 SH   SOLE NONE 3,500 0 0
Thomson Reuters Corporation COM 884903105 144 4,200 SH   SOLE NONE 4,200 0 0
Tim Hortons Inc. COM 88706M103 625 11,300 SH   SOLE NONE 11,300 0 0
Toronto-Dominion Bank COM 891160509 15,338 327,000 SH   SOLE NONE 327,000 0 0
TransAlta Corporation COM 89346D107 465 40,000 SH   SOLE NONE 40,000 0 0
TransCanada Corporation COM 89353D107 1,573 34,600 SH   SOLE NONE 34,600 0 0
Trinity Industries Inc. 3.875% June 1, 2036 CCB 896522AF6 660 415,000 PRN   SOLE NONE 415,000 0 0
US Bancorp COM 902973304 313 7,300 SH   SOLE NONE 7,300 0 0
United Parcel Service Inc. 'B' COM 911312106 136 1,400 SH   SOLE NONE 1,400 0 0
UnitedHealth Group Inc. COM 91324P102 49 600 SH   SOLE NONE 600 0 0
Valeant Pharmaceuticals International Inc. COM 91911K102 2,093 15,900 SH   SOLE NONE 15,900 0 0
Valero Energy Corporation COM 91913Y100 621 11,700 SH   SOLE NONE 11,700 0 0
Volcano Corp. 1.75% December 01, 2017 CCB 928645AB6 477 487,000 PRN   SOLE NONE 487,000 0 0
Wabash National Corp. 3.375% May 1, 2018 CCB 929566AH0 843 605,000 PRN   SOLE NONE 605,000 0 0
Wabtec Corp. COM 929740108 85 1,100 SH   SOLE NONE 1,100 0 0
Wal-Mart Stores Inc. COM 931142103 15 200 SH   SOLE NONE 200 0 0
Walgreen Company COM 931422109 475 7,200 SH   SOLE NONE 7,200 0 0
Wellpoint Inc. 2.75% October 15, 2042 CCB 94973VBG1 1,131 776,000 PRN   SOLE NONE 776,000 0 0
Wells Fargo & Company COM 949746101 552 11,100 SH   SOLE NONE 11,100 0 0
Weyerhaeuser Company COM 962166104 59 2,000 SH   SOLE NONE 2,000 0 0
Xilinx Inc. COM 983919101 271 5,000 SH   SOLE NONE 5,000 0 0
Yamana Gold Inc. COM 98462Y100 820 93,600 SH   SOLE NONE 93,600 0 0
Zimmer Holdings Inc. COM 98956P102 454 4,800 SH   SOLE NONE 4,800 0 0