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
AGNICO EAGLE MINES LTD COM 008474108   35,674,790 713,626 SH   OTR 1 700,966 12,660 0
ALPHABET INC CLASS A CAP STK CL A 02079K305   502,740 4,200 SH   SOLE   4,200 0 0
ALPHABET INC CLASS C CAP STK CL C 02079K107   644,165 5,325 SH   SOLE   5,325 0 0
APPLE INC. COM 037833100   2,898,300 14,942 SH   SOLE   14,942 0 0
AXS SHORT INNOVATION ETF AXS SHORT INNOV 46144X628   1,320,570 36,500 SH   SOLE   36,500 0 0
BANK OF NOVA SCOTIA COM 064149107   26,356,846 526,199 SH   OTR 1 516,735 9,464 0
BERKSHIRE HATHAWAY INC. - CL B CL B NEW 084670702   1,559,393 4,573 SH   SOLE   4,573 0 0
CAE INC COM 124765108   28,358,356 1,265,597 SH   OTR 1 1,242,784 22,813 0
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101   31,111,087 727,855 SH   OTR 1 715,014 12,841 0
CANADIAN NATIONAL RAILWAY CO COM 136375102   266,712 2,200 SH   SOLE   2,200 0 0
CANADIAN NATURAL RESOURCES LTD COM 136385101   26,231,483 466,039 SH   OTR 1 457,618 8,421 0
CANADIAN PACIFIC RAILWAY LTD COM 13646K108   41,071,771 507,924 SH   OTR 1 498,868 9,056 0
CENOVUS ENERGY INC COM 15135U109   27,480,377 1,616,141 SH   OTR 1 1,586,977 29,164 0
CENOVUS ENERGY INC - WARRANT *W EXP 01/01/202 15135U117   435,139 35,875 SH   SOLE   35,875 0 0
CGI INC CL A SUB VTG 12532H104   37,388,112 354,141 SH   OTR 1 347,757 6,384 0
COLGATE PALMOLIVE CO COM 194162103   92,448 1,200 SH   SOLE   1,200 0 0
DIAGEO PLC - SPONSORED ADR SPONSORED ADR 25243Q205   1,162,316 6,700 SH   SOLE   6,700 0 0
DISNEY COMPANY COM 254687106   1,385,983 15,524 SH   SOLE   15,524 0 0
ENBRIDGE INC COM 29250N105   19,060,590 512,221 SH   OTR 1 502,988 9,233 0
ESTEE LAUDER COMPANIES INC. CL A 518439104   1,620,135 8,250 SH   SOLE   8,250 0 0
GENERAC HOLDINGS INC COM 368736104   4,692,077 31,463 SH   SOLE   31,463 0 0
HENRY SCHEIN INC. COM 806407102   3,525,904 43,476 SH   SOLE   43,476 0 0
HUDBAY MINERALS INC COM 443628102   1,728,737 360,242 SH   SOLE   360,242 0 0
ING GROEP NV - ADR SPONSORED ADR 456837103   874,311 64,908 SH   SOLE   64,908 0 0
JPMORGAN CHASE & CO COM 46625H100   932,270 6,410 SH   SOLE   6,410 0 0
MANULIFE FINANCIAL CORP COM 56501R106   39,499,023 2,087,330 SH   OTR 1 2,049,704 37,626 0
NIKE INC CL B 654106103   294,688 2,670 SH   SOLE   2,670 0 0
NUTRIEN LTD COM 67077M108   26,569,113 449,525 SH   OTR 1 441,424 8,101 0
OSHKOSH CORP. COM 688239201   5,841,275 67,459 SH   SOLE   67,459 0 0
RESTAURANT BRANDS INTERNATIONAL INC. COM 76131D103   31,800,837 409,699 SH   OTR 1 402,430 7,269 0
ROGERS COMMUNICATIONS INC CLASS B CL B 775109200   30,128,388 659,615 SH   OTR 1 647,706 11,909 0
ROYAL BANK OF CANADA COM 780087102   373,850 3,910 SH   SOLE   3,910 0 0
TARGET CORP COM 87612E106   1,462,771 11,090 SH   SOLE   11,090 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   868,714 1,665 SH   SOLE   1,665 0 0
TRUIST FINANCIAL CORP COM 89832Q109   1,654,227 54,505 SH   SOLE   54,505 0 0
WABTEC CORP COM 929740108   896,662 8,176 SH   SOLE   8,176 0 0