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
3M CO COM 88579Y101 10,394 80,320 SH   SOLE   80,320 0 0
ACUITY BRANDS INC COM 00508Y102 368 2,392 SH   SOLE   2,392 0 0
AFLAC INC COM 001055102 9,320 168,450 SH   SOLE   168,450 0 0
ALGONQUIN POWER & UTILITIES COM 015857105 1,825 136,060 SH   SOLE   136,060 0 0
ALIBABA GROUP HOLDING-SP ADR COM 01609W102 4,007 35,247 SH   SOLE   35,247 0 0
ALPHABET INC-CL A COM 02079K305 20,812 9,550 SH   SOLE   9,550 0 0
AMERICAN EXPRESS CO COM 025816109 1,812 13,070 SH   SOLE   13,070 0 0
AUTOZONE INC COM 053332102 10,713 4,985 SH   SOLE   4,985 0 0
BANK OF AMERICA CORP COM 060505104 7,499 240,905 SH   SOLE   240,905 0 0
BANK OF NOVA SCOTIA COM 064149107 36,452 617,250 SH   SOLE   617,250 0 0
BANK OZK COM 06417N103 6,514 173,580 SH   SOLE   173,580 0 0
BCE INC COM 05534B760 453 9,231 SH   SOLE   9,231 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702 3,491 12,786 SH   SOLE   12,786 0 0
BOSTON BEER COMPANY INC-A COM 100557107 7,250 23,930 SH   SOLE   23,930 0 0
BRIGHAM MINERALS INC-CL A COM 10918L103 937 38,040 SH   SOLE   38,040 0 0
BROOKFIELD ASSET MANAGE-CL A COM 112585104 45,202 1,018,324 SH   SOLE   1,018,324 0 0
C.H. ROBINSON WORLDWIDE INC COM 12541W209 5,082 50,130 SH   SOLE   50,130 0 0
CAN IMPERIAL BK OF COMMERCE COM 136069101 133 2,736 SH   SOLE   2,736 0 0
CANADIAN NATL RAILWAY CO COM 136375102 30,960 275,825 SH   SOLE   275,825 0 0
CANADIAN NATURAL RESOURCES COM 136385101 47,516 886,127 SH   SOLE   886,127 0 0
CANADIAN PACIFIC RAILWAY LTD COM 13645T100 29,940 429,557 SH   SOLE   429,557 0 0
CENTENE CORP COM 15135B101 18,668 220,632 SH   SOLE   220,632 0 0
CHEVRON CORP COM 166764100 7,590 52,427 SH   SOLE   52,427 0 0
COGNIZANT TECH SOLUTIONS-A COM 192446102 3,767 55,810 SH   SOLE   55,810 0 0
CUMMINS INC COM 231021106 4,561 23,565 SH   SOLE   23,565 0 0
CURTISS-WRIGHT CORP COM 231561101 743 5,630 SH   SOLE   5,630 0 0
DARDEN RESTAURANTS INC COM 237194105 6,579 58,162 SH   SOLE   58,162 0 0
ENBRIDGE INC COM 29250N105 49,601 1,177,031 SH   SOLE   1,177,031 0 0
EOG RESOURCES INC COM 26875P101 15,563 140,920 SH   SOLE   140,920 0 0
EXXON MOBIL CORP COM 30231G102 5,959 69,581 SH   SOLE   69,581 0 0
FORTIS INC COM 349553107 32,116 680,818 SH   SOLE   680,818 0 0
HOME DEPOT INC COM 437076102 825 3,007 SH   SOLE   3,007 0 0
HORMEL FOODS CORP COM 440452100 6,452 136,230 SH   SOLE   136,230 0 0
JOHNSON & JOHNSON COM 478160104 23,793 134,040 SH   SOLE   134,040 0 0
JPMORGAN CHASE & CO COM 46625H100 4,779 42,440 SH   SOLE   42,440 0 0
LOEWS CORP COM 540424108 3,826 64,570 SH   SOLE   64,570 0 0
MAGNA INTERNATIONAL INC COM 559222401 28,500 520,152 SH   SOLE   520,152 0 0
MCKESSON CORP COM 58155Q103 15,127 46,371 SH   SOLE   46,371 0 0
MERCK & CO. INC. COM 58933Y105 8,470 92,900 SH   SOLE   92,900 0 0
META PLATFORMS INC-CLASS A COM 30303M102 6,227 38,620 SH   SOLE   38,620 0 0
METHODE ELECTRONICS INC COM 591520200 196 5,300 SH   SOLE   5,300 0 0
MILLERKNOLL INC COM 600544100 196 7,480 SH   SOLE   7,480 0 0
NATIONAL RESEARCH CORP COM 637372202 17,734 463,280 SH   SOLE   463,280 0 0
NOVO-NORDISK A/S-SPONS ADR COM 670100205 6,538 58,675 SH   SOLE   58,675 0 0
NUTRIEN LTD COM 67077M108 18,733 235,733 SH   SOLE   235,733 0 0
OPEN TEXT CORP COM 683715106 42,841 1,134,990 SH   SOLE   1,134,990 0 0
ORACLE CORP COM 68389X105 2,092 29,940 SH   SOLE   29,940 0 0
PACCAR INC COM 693718108 5,934 72,070 SH   SOLE   72,070 0 0
PEMBINA PIPELINE CORP COM 706327103 53 1,500 SH   SOLE   1,500 0 0
PEPSICO INC COM 713448108 5,261 31,565 SH   SOLE   31,565 0 0
POINTS.COM INC COM 73085G109 6,713 269,254 SH   SOLE   269,254 0 0
ROSS STORES INC COM 778296103 9,717 138,360 SH   SOLE   138,360 0 0
ROYAL BANK OF CANADA COM 780087102 56,935 589,243 SH   SOLE   589,243 0 0
STANTEC INC COM 85472N109 20,136 460,625 SH   SOLE   460,625 0 0
STARBUCKS CORP COM 855244109 13,160 172,280 SH   SOLE   172,280 0 0
STRYKER CORP COM 863667101 1,566 7,870 SH   SOLE   7,870 0 0
SUN LIFE FINANCIAL INC COM 866796105 50,816 1,111,395 SH   SOLE   1,111,395 0 0
SUNCOR ENERGY INC COM 867224107 47,798 1,365,322 SH   SOLE   1,365,322 0 0
TC ENERGY CORP COM 87807B107 27,437 530,775 SH   SOLE   530,775 0 0
TECK RESOURCES LTD-CLS B COM 878742204 24,722 810,230 SH   SOLE   810,230 0 0
TELUS CORP COM 87971M103 5 247 SH   SOLE   247 0 0
TELUS INTERNATIONAL CDA INC COM 87975H100 38,611 1,542,015 SH   SOLE   1,542,015 0 0
TFI INTERNATIONAL INC COM 87241L109 29,066 362,850 SH   SOLE   362,850 0 0
THOR INDUSTRIES INC COM 885160101 6,387 85,466 SH   SOLE   85,466 0 0
TORONTO-DOMINION BANK COM 891160509 34,532 527,714 SH   SOLE   527,714 0 0
UNILEVER PLC-SPONSORED ADR COM 904767704 14,254 311,014 SH   SOLE   311,014 0 0
UNION PACIFIC CORP COM 907818108 8,160 38,261 SH   SOLE   38,261 0 0
UNITEDHEALTH GROUP INC COM 91324P102 23,942 46,614 SH   SOLE   46,614 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 24,083 474,540 SH   SOLE   474,540 0 0
WALT DISNEY CO/THE COM 254687106 8,172 86,570 SH   SOLE   86,570 0 0
WELLS FARGO & CO COM 949746101 9,781 249,697 SH   SOLE   249,697 0 0
WINMARK CORP COM 974250102 19,077 97,548 SH   SOLE   97,548 0 0