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
Abbott Laboratories CS 002824100 1,962 55,584 SH   SOLE   55,584 0 0
AbbVie Inc CS 00287Y109 2,160 53,032 SH   SOLE   53,032 0 0
Apple Inc. CS 037833100 7,818 17,671 SH   SOLE   17,671 0 0
Bank of Nova Scotia CS 064149107 9,867 169,625 SH   SOLE   169,625 0 0
BCE Inc. CS 05534B760 10,154 217,363 SH   SOLE   217,363 0 0
Brookfield Asset Management CS 112585104 9,580 262,447 SH   SOLE   262,447 0 0
Brookfield Infrast. Partners LP CS G16252101 9,405 246,537 SH   SOLE   246,537 0 0
Canadian Natural Resources CS 136385101 4,748 148,146 SH   SOLE   148,146 0 0
Cisco Systems CS 17275R102 2,510 120,245 SH   SOLE   120,245 0 0
CSX Corp CS 126408103 5,077 206,237 SH   SOLE   206,237 0 0
Dr Pepper Snapple Group CS 26138E109 3,560 75,875 SH   SOLE   75,875 0 0
Energizer Holdings Inc CS 29266R108 1,688 16,925 SH   SOLE   16,925 0 0
JP Morgan Chase & Co CS 46625H100 6,663 140,440 SH   SOLE   140,440 0 0
Just Energy Group Inc CS 48213W101 40 6,147 SH   SOLE   6,147 0 0
Kraft Foods Group Inc. CS 50075N104 740 14,379 SH   SOLE   14,379 0 0
Magna International Cl A CS 559222401 6,318 107,505 SH   SOLE   107,505 0 0
Methanex Corp. CS 59151K108 5,180 127,239 SH   SOLE   127,239 0 0
Microsoft Corp. CS 594918104 4,056 142,003 SH   SOLE   142,003 0 0
Molson Coors Brewing Cls. B CS 60871R209 3,842 78,598 SH   SOLE   78,598 0 0
Oaktree Capital Group, LLC CS 674001201 6,690 131,140 SH   SOLE   131,140 0 0
Pembina Pipeline Corp CS 706327103 9,792 309,925 SH   SOLE   309,925 0 0
Potash Corp. Sask CS 73755L107 5,300 134,997 SH   SOLE   134,997 0 0
Progressive Waste Solutions CS 74339G101 5,290 249,909 SH   SOLE   249,909 0 0
Rogers Communications Inc. Cls B CS 775109200 9,594 187,852 SH   SOLE   187,852 0 0
Royal Bank of Canada CS 780087102 1,906 31,661 SH   SOLE   31,661 0 0
SABESP Corp. (Brazil) CS 20441A102 3,860 81,100 SH   SOLE   81,100 0 0
Staples Inc. CS 855030102 4,344 323,750 SH   SOLE   323,750 0 0
Suncor Energy CS 867224107 5,320 177,552 SH   SOLE   177,552 0 0
Telus Corp. CS 87971M103 7,215 104,481 SH   SOLE   104,481 0 0
Teva Pharmaceuticals CS 881624209 2,631 66,395 SH   SOLE   66,395 0 0
Tim Hortons CS 88706M103 7,078 130,245 SH   SOLE   130,245 0 0
Toronto Dominion Bank CS 891160509 1,294 15,548 SH   SOLE   15,548 0 0
TransCanada Corp. CS 89353D107 7,058 147,857 SH   SOLE   147,857 0 0
Viacom Inc CS 92553P201 5,594 91,030 SH   SOLE   91,030 0 0