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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101   5,617 56,120 SH   SOLE   56,120 0 0
AFLAC INC COM 001055102   3,353 48,040 SH   SOLE   48,040 0 0
AGNICO EAGLE MINES LTD COM 008474108   14,500 290,061 SH   SOLE   290,061 0 0
ALGONQUIN POWER & UTILITIES COM 015857105   1,105 133,510 SH   SOLE   133,510 0 0
ALIBABA GROUP HOLDING-SP ADR COM 01609W102   6,674 80,077 SH   SOLE   80,077 0 0
ALPHABET INC-CL A COM 02079K305   28,463 237,790 SH   SOLE   237,790 0 0
AMAZON.COM INC COM 023135106   12,602 96,670 SH   SOLE   96,670 0 0
AMERICAN EXPRESS CO COM 025816109   2,103 12,070 SH   SOLE   12,070 0 0
AUTOZONE INC COM 053332102   7,642 3,065 SH   SOLE   3,065 0 0
BANK OF AMERICA CORP COM 060505104   13,213 460,555 SH   SOLE   460,555 0 0
BANK OF NOVA SCOTIA COM 064149107   26,929 537,630 SH   SOLE   537,630 0 0
BANK OZK COM 06417N103   7,394 184,110 SH   SOLE   184,110 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702   3,876 11,366 SH   SOLE   11,366 0 0
BOSTON BEER COMPANY INC-A COM 100557107   9,031 29,280 SH   SOLE   29,280 0 0
BROOKFIELD ASSET MGMT-A COM 113004105   22,461 687,364 SH   SOLE   687,364 0 0
BROOKFIELD CORP COM 11271J107   22,215 659,096 SH   SOLE   659,096 0 0
C.H. ROBINSON WORLDWIDE INC COM 12541W209   2,210 23,420 SH   SOLE   23,420 0 0
CANADIAN NATL RAILWAY CO COM 136375102   35,441 292,337 SH   SOLE   292,337 0 0
CANADIAN NATURAL RESOURCES COM 136385101   23,548 418,368 SH   SOLE   418,368 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   19,617 242,598 SH   SOLE   242,598 0 0
CENTENE CORP COM 15135B101   18,522 274,597 SH   SOLE   274,597 0 0
CGI INC COM 12532H104   72,272 684,566 SH   SOLE   684,566 0 0
CHEVRON CORP COM 166764100   3,817 24,257 SH   SOLE   24,257 0 0
CUMMINS INC COM 231021106   5,115 20,865 SH   SOLE   20,865 0 0
CURTISS-WRIGHT CORP COM 231561101   733 3,990 SH   SOLE   3,990 0 0
DARDEN RESTAURANTS INC COM 237194105   8,784 52,572 SH   SOLE   52,572 0 0
ENBRIDGE INC COM 29250N105   44,720 1,201,781 SH   SOLE   1,201,781 0 0
EOG RESOURCES INC COM 26875P101   7,312 63,890 SH   SOLE   63,890 0 0
EXXON MOBIL CORP COM 30231G102   4,731 44,111 SH   SOLE   44,111 0 0
FORTIS INC COM 349553107   37,212 862,508 SH   SOLE   862,508 0 0
HOME DEPOT INC COM 437076102   3,494 11,247 SH   SOLE   11,247 0 0
HORMEL FOODS CORP COM 440452100   10,084 250,720 SH   SOLE   250,720 0 0
JOHNSON & JOHNSON COM 478160104   11,841 71,540 SH   SOLE   71,540 0 0
JPMORGAN CHASE & CO COM 46625H100   6,641 45,660 SH   SOLE   45,660 0 0
LENNOX INTERNATIONAL INC COM 526107107   15,531 47,630 SH   SOLE   47,630 0 0
MAGNA INTERNATIONAL INC COM 559222401   30,985 548,204 SH   SOLE   548,204 0 0
MCKESSON CORP COM 58155Q103   4,806 11,246 SH   SOLE   11,246 0 0
MERCK & CO. INC. COM 58933Y105   5,040 43,682 SH   SOLE   43,682 0 0
METHODE ELECTRONICS INC COM 591520200   211 6,300 SH   SOLE   6,300 0 0
MICRON TECHNOLOGY INC COM 595112103   12,933 204,930 SH   SOLE   204,930 0 0
NATIONAL RESEARCH CORP COM 637372202   19,630 451,150 SH   SOLE   451,150 0 0
NETFLIX INC COM 64110L106   9,748 22,130 SH   SOLE   22,130 0 0
NOVO-NORDISK A/S-SPONS ADR COM 670100205   8,043 49,702 SH   SOLE   49,702 0 0
NUTRIEN LTD COM 67077M108   21,959 371,525 SH   SOLE   371,525 0 0
NV5 GLOBAL INC COM 62945V109   482 4,350 SH   SOLE   4,350 0 0
ORACLE CORP COM 68389X105   7,466 62,695 SH   SOLE   62,695 0 0
PACCAR INC COM 693718108   8,189 97,895 SH   SOLE   97,895 0 0
PEPSICO INC COM 713448108   4,152 22,415 SH   SOLE   22,415 0 0
RB GLOBAL INC COM 74935Q107   7,020 116,850 SH   SOLE   116,850 0 0
ROSS STORES INC COM 778296103   10,504 93,680 SH   SOLE   93,680 0 0
ROYAL BANK OF CANADA COM 780087102   57,023 596,387 SH   SOLE   596,387 0 0
SITIO ROYALTIES CORP-A COM 82983N108   1,127 42,906 SH   SOLE   42,906 0 0
STANTEC INC COM 85472N109   26,437 404,465 SH   SOLE   404,465 0 0
STARBUCKS CORP COM 855244109   13,637 137,660 SH   SOLE   137,660 0 0
STRYKER CORP COM 863667101   2,145 7,030 SH   SOLE   7,030 0 0
SUN LIFE FINANCIAL INC COM 866796105   59,077 1,131,951 SH   SOLE   1,131,951 0 0
SUNCOR ENERGY INC COM 867224107   28,492 970,201 SH   SOLE   970,201 0 0
TC ENERGY CORP COM 87807B107   41,686 1,030,280 SH   SOLE   1,030,280 0 0
TELUS INTERNATIONAL CDA INC COM 87975H100   20,683 1,362,282 SH   SOLE   1,362,282 0 0
TFI INTERNATIONAL INC COM 87241L109   43,581 382,088 SH   SOLE   382,088 0 0
THOR INDUSTRIES INC COM 885160101   10,923 105,536 SH   SOLE   105,536 0 0
TORONTO-DOMINION BANK COM 891160509   48,306 778,477 SH   SOLE   778,477 0 0
UNILEVER PLC-SPONSORED ADR COM 904767704   16,986 325,834 SH   SOLE   325,834 0 0
UNION PACIFIC CORP COM 907818108   7,066 34,531 SH   SOLE   34,531 0 0
UNITEDHEALTH GROUP INC COM 91324P102   21,986 45,744 SH   SOLE   45,744 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   12,044 323,850 SH   SOLE   323,850 0 0
WALT DISNEY CO/THE COM 254687106   10,348 115,900 SH   SOLE   115,900 0 0
WELLS FARGO & CO COM 949746101   8,445 197,877 SH   SOLE   197,877 0 0
WINMARK CORP COM 974250102   9,511 28,608 SH   SOLE   28,608 0 0