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$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
American Int'l Group CS 026874784 7,070 141,375 SH   SOLE   141,375 0 0
Apple Inc. CS 037833100 11,243 20,946 SH   SOLE   20,946 0 0
Bank of Montreal CS 063671101 533 7,960 SH   SOLE   7,960 0 0
Bank of Nova Scotia CS 064149107 11,759 203,014 SH   SOLE   203,014 0 0
BCE Inc. CS 05534B760 10,278 238,574 SH   SOLE   238,574 0 0
Bed Bath and Beyond Inc CS 075896100 5,687 82,660 SH   SOLE   82,660 0 0
Brookfield Asset Management CS 112585104 11,622 285,351 SH   SOLE   285,351 0 0
Brookfield Infrast. Partners LP C$ CS G16252101 11,434 290,499 SH   SOLE   290,499 0 0
Canadian Natural Resources CS 136385101 6,378 166,406 SH   SOLE   166,406 0 0
CSX Corp CS 126408103 6,442 222,370 SH   SOLE   222,370 0 0
DIRECTV CS 25490A309 6,306 82,520 SH   SOLE   82,520 0 0
Dr Pepper Snapple Group CS 26138E109 4,888 89,750 SH   SOLE   89,750 0 0
Enbridge Inc. CS 29250N105 338 7,450 SH   SOLE   7,450 0 0
Energizer Holdings Inc CS 29266R108 4,405 43,725 SH   SOLE   43,725 0 0
General Motors Company CS 37045V100 7,986 232,030 SH   SOLE   232,030 0 0
Goldman Sachs Group Inc CS 38141G104 5,907 36,050 SH   SOLE   36,050 0 0
JP Morgan Chase & Co CS 46625H100 10,079 166,015 SH   SOLE   166,015 0 0
Magna International Cl A CS 559222401 10,262 106,743 SH   SOLE   106,743 0 0
Methanex Corp. CS 59151K108 8,034 125,545 SH   SOLE   125,545 0 0
Microsoft Corp. CS 594918104 6,348 154,862 SH   SOLE   154,862 0 0
Molson Coors Brewing Cls. B CS 60871R209 5,434 92,835 SH   SOLE   92,835 0 0
Neenah Paper CS 640079109 2,218 42,885 SH   SOLE   42,885 0 0
Oracle CS 68389X105 9,849 240,740 SH   SOLE   240,740 0 0
Pembina Pipeline Corp CS 706327103 9,365 246,639 SH   SOLE   246,639 0 0
Progressive Waste Solutions CS 74339G101 7,140 282,120 SH   SOLE   282,120 0 0
Qualcomm Inc CS 747525103 7,088 89,875 SH   SOLE   89,875 0 0
Rogers Communications Inc. Cls B CS 775109200 10,129 244,422 SH   SOLE   244,422 0 0
Royal Bank of Canada CS 780087102 769 11,661 SH   SOLE   11,661 0 0
Suncor Energy CS 867224107 6,811 194,997 SH   SOLE   194,997 0 0
Telus Corp. CS 87971M103 7,524 209,862 SH   SOLE   209,862 0 0
Teva Pharmaceuticals CS 881624209 3,990 75,520 SH   SOLE   75,520 0 0
Tim Hortons CS 88706M103 8,462 153,000 SH   SOLE   153,000 0 0
Toronto Dominion Bank CS 891160509 8,575 182,916 SH   SOLE   182,916 0 0
TransCanada Corp. CS 89353D107 6,874 151,254 SH   SOLE   151,254 0 0
Viacom Inc CS 92553P201 8,587 101,040 SH   SOLE   101,040 0 0
Visa Inc. Cls A CS 92826C839 4,117 19,071 SH   SOLE   19,071 0 0
Zimmer Holdings Inc. CS 98956P102 7,085 74,915 SH   SOLE   74,915 0 0