0001270062-11-000007.txt : 20110707 0001270062-11-000007.hdr.sgml : 20110707 20110707143802 ACCESSION NUMBER: 0001270062-11-000007 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110630 FILED AS OF DATE: 20110707 DATE AS OF CHANGE: 20110707 EFFECTIVENESS DATE: 20110707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATCAN INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0001270062 IRS NUMBER: 137396289 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10592 FILM NUMBER: 11956054 BUSINESS ADDRESS: STREET 1: 1100 UNIVERSITY STREET 2: STE 400 CITY: MONTREAL STATE: A8 ZIP: H2B 2G7 BUSINESS PHONE: 514-871-7600 MAIL ADDRESS: STREET 1: 1100 UNIVERSITY STREET 2: STE 400 CITY: MONTREAL STATE: A8 ZIP: H2B 2G7 13F-HR 1 f13f1106.txt 2011-Q2 13F REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Natcan Investment Management Inc Address: 1100 University, Suite 400 Montreal, Quebec H4E 2Y7 13F File Number: 028-10592 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Nancy Paquet Title: Advisor, Compliance and Operational Risk Phone: 514-871-7197 Signature, Place, and Date of Signing: Nancy Paquet Montreal, Canada July 07, 2011 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 352 Form13F Information Table Value Total: $4,267,931 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACCENTURE PLC COMMON CLASS A G1151C101 30711 507346 SH SOLE 29615 0 0 ACE LIMITED COMMON H0023R105 19562 297206 SH SOLE 18864 0 0 ACTIVISION BLIZZARD COMMON 00507V109 456 39000 SH SOLE 439 0 0 ADVANTAGE OIL & GAS COMMON 00765F101 41384 5223371 SH SOLE 39907 0 0 AECOM TECHNOLOGY COMMON 00766T100 2172 79462 SH SOLE 2095 0 0 AES CORP COMMON 00130H105 495 38840 SH SOLE 477 0 0 AETNA INC COMMON 00817Y108 245 5549 SH SOLE 236 0 0 AGILENT TECHN INC COMMON 00846U101 14523 284152 SH SOLE 14005 0 0 ALLEGIANT TRAVEL CO COMMON 01748X102 2329 47054 SH SOLE 2246 0 0 AMERICA MOVIL ADR (20 SER L) 02364W105 3545 65800 SH SOLE 3419 0 0 AMERICAN CAP AGENCY COMMON 02503X105 1156 39700 SH SOLE 1114 0 0 AMERICAN CAP LTD COMMON 02503Y103 1144 115200 SH SOLE 1103 0 0 AMERIPRISE FINANCIAL COMMON 03076C106 15568 269908 SH SOLE 15013 0 0 ANSYS INC COMMON 03662Q105 399 7300 SH SOLE 385 0 0 ARES CAP CORP COMMON 04010L103 1078 67100 SH SOLE 1040 0 0 ASM INTL N V COMMON N07045102 910 23000 SH SOLE 877 0 0 ASSURANT INC COMMON 04621X108 944 26018 SH SOLE 910 0 0 AT&T INC COMMON 00206R102 20880 664769 SH SOLE 20135 0 0 AURIZON MINES LTD COMMON 05155P106 1374 245300 SH SOLE 1325 0 0 BANCO BILBAO VIZCAYA ADR (1 ORD SHARE 05946K101 1873 159500 SH SOLE 1806 0 0 BANCO MACRO SA ADR(10 B SHRS) 05961W105 1219 32300 SH SOLE 1175 0 0 BANCO SANTANDER SA ADR (1 ORD) 05964H105 1758 152700 SH SOLE 1695 0 0 BAYTEX ENERGY CORP COMMON 07317Q105 49225 900378 SH SOLE 47468 0 0 BCE INC COMMON 05534B760 127975 3262978 SH SOLE 123406 0 0 BIOGEN IDEC INC COMMON 09062X103 285 2667 SH SOLE 275 0 0 BLUE COAT SYSTEMS COMMON 09534T508 5560 254361 SH SOLE 5362 0 0 BOSTON SCIENTIFIC COMMON 101137107 256 37010 SH SOLE 247 0 0 BRIDGEPOINT ED INC COMMON 10807M105 2568 102729 SH SOLE 2477 0 0 BRINKER INTL INC COMMON 109641100 1143 46743 SH SOLE 1103 0 0 BRISTOL MYERS SQUIBB COMMON 110122108 373 12881 SH SOLE 360 0 0 BRISTOW GROUP INC COMMON 110394103 1224 24000 SH SOLE 1181 0 0 BROCADE COMMUN SYS COMMON 111621306 1276 197513 SH SOLE 1230 0 0 BROOKFIELD ASSET MGT CLASS A LTD VTG 112585104 24823 745923 SH SOLE 23937 0 0 BROOKFIELD OFFICE PT COMMON 112900105 10358 536118 SH SOLE 9988 0 0 BUFFALO WILD WINGS COMMON 119848109 1598 24100 SH SOLE 1541 0 0 BUNGE LIMITED COMMON G16962105 1227 17800 SH SOLE 1183 0 0 CA INC COMMON 12673P105 1546 67700 SH SOLE 1491 0 0 CABOT OIL & GAS CORP COMMON 127097103 431 6500 SH SOLE 416 0 0 CAE INC COMMON 124765108 51035 3782706 SH SOLE 49213 0 0 CAMECO CORP COMMON 13321L108 2609 98900 SH SOLE 2516 0 0 CARDINAL HEALTH INC COMMON 14149Y108 929 19969 SH SOLE 895 0 0 CAREER EDUCATION COMMON 141665109 1819 85997 SH SOLE 1754 0 0 CARLISLE COS INC COMMON 142339100 1378 28000 SH SOLE 1329 0 0 CASH AMER INTL INC COMMON 14754D100 1661 28700 SH SOLE 1602 0 0 CDN IMP BANK COMMERC COMMON 136069101 135606 1717196 SH SOLE 130764 0 0 CDN NATL RAILWAY COMMON 136375102 81198 1015024 SH SOLE 78299 0 0 CDN NATURAL RES COMMON 136385101 211038 5033496 SH SOLE 203504 0 0 CDN PACIFIC RAILWAY COMMON 13645T100 78258 1254184 SH SOLE 75464 0 0 CELESTICA INC SUB VTG 15101Q108 31872 3637198 SH SOLE 30734 0 0 CELLCOM ISRAEL ORDINARY M2196U109 685 24700 SH SOLE 660 0 0 CEMEX S A B ADR(10 ORD SHRS) 151290889 2232 259584 SH SOLE 2153 0 0 CENOVUS ENERGY COMMON 15135U109 122956 3257322 SH SOLE 118567 0 0 CENTURYLINK INC COMMON 156700106 868 20773 SH SOLE 837 0 0 CEPHALON INC COMMON 156708109 222 2778 SH SOLE 214 0 0 CERNER CORP COMMON 156782104 236 3868 SH SOLE 228 0 0 CGI GROUP INC CLASS A SUB VTG 39945C109 35719 1446599 SH SOLE 34444 0 0 CHECK POINT SOFTWARE ORDINARY M22465104 431 7588 SH SOLE 416 0 0 CHEVRON CORP COMMON 166764100 26071 253508 SH SOLE 25140 0 0 CHINA MOBILE LTD ADR(5 ORDS) 16941M109 1605 34300 SH SOLE 1547 0 0 CHINA PETE & CHEM CO SPON ADR H SHS 16941R108 1897 18700 SH SOLE 1829 0 0 CHINA YUCHAI INTL COMMON G21082105 1331 63100 SH SOLE 1284 0 0 CIGNA CORP COMMON 125509109 21071 409707 SH SOLE 20319 0 0 CIMAREX ENERGY CO COMMON 171798101 450 5000 SH SOLE 434 0 0 CIRCOR INTL INC COMMON 17273K109 911 21263 SH SOLE 878 0 0 CISCO SYSTEMS INC COMMON 17275R102 837 53590 SH SOLE 807 0 0 CIT GROUP INC COMMON NEW 125581801 1027 23200 SH SOLE 990 0 0 CITY NATL CORP COMMON 178566105 12446 229415 SH SOLE 12001 0 0 CLAUDE RESOURCES INC COMMON 182873109 4591 2418942 SH SOLE 4427 0 0 CMS ENERGY CORP COMMON 125896100 1132 57500 SH SOLE 1092 0 0 CNOOC LTD ADR(100 ORD SHRS 126132109 1557 6600 SH SOLE 1502 0 0 COCA-COLA CO COMMON 191216100 1345 19990 SH SOLE 1297 0 0 COCA-COLA ENTERPRI NEW COMMON 19122T109 1065 36511 SH SOLE 1027 0 0 COINSTAR INC COMMON 19259P300 1566 28713 SH SOLE 1510 0 0 COLUMBIA BKG SYS INC COMMON 197236102 1785 103653 SH SOLE 1721 0 0 COMMUNITY HEALTH SYS COMMON 203668108 2103 81903 SH SOLE 2028 0 0 COMPANHIA DE SANEAME ADR(2 ORD SHRS) 20441A102 1080 18100 SH SOLE 1041 0 0 COMPANHIA PARA ENERG ADR REPR 1 PRF'B 20441B407 1879 69200 SH SOLE 1812 0 0 COMPUTER SCIENCES COMMON 205363104 345 9100 SH SOLE 333 0 0 COMSTOCK RES INC COMMON 205768203 10537 365999 SH SOLE 10161 0 0 COMTECH TELECOMMUNTN COMMON 205826209 1304 46500 SH SOLE 1257 0 0 CONCHO RESOURCES COMMON 20605P101 551 6000 SH SOLE 531 0 0 CONOCOPHILLIPS COMMON 20825C104 24656 327914 SH SOLE 23776 0 0 CONSTELLATION BRANDS CLASS A 21036P108 988 47452 SH SOLE 953 0 0 CONTINENTAL RES COMMON 212015101 454 7000 SH SOLE 438 0 0 COPA HOLDINGS CLASS A P31076105 1227 18379 SH SOLE 1183 0 0 CORE LABORATORIES COMMON N22717107 2019 18100 SH SOLE 1947 0 0 CORNING INCORPORATED COMMON 219350105 2882 158766 SH SOLE 2779 0 0 COSTCO WHSL CORP COMMON 22160K105 222 2736 SH SOLE 214 0 0 COVENTRY HEALTH CAR COMMON 222862104 3302 90542 SH SOLE 3184 0 0 CREDICORP LTD COMMON G2519Y108 1727 20057 SH SOLE 1665 0 0 CTRIP.COM INTL ADR(4 ORD SHRS) 22943F100 1667 38700 SH SOLE 1608 0 0 CUMMINS INC COMMON 231021106 19737 190715 SH SOLE 19032 0 0 CURTISS WRIGHT CORP COMMON 231561101 1240 38300 SH SOLE 1196 0 0 CVS CAREMARK CORP COMMON 126650100 298 7923 SH SOLE 287 0 0 DEERE & CO COMMON 244199105 1099 12848 SH SOLE 1059 0 0 DELL INC COMMON 24702R101 811 48627 SH SOLE 782 0 0 DIAMOND OFFSHORE DRL COMMON 25271C102 13902 197445 SH SOLE 13406 0 0 DOLLAR TREE INC COMMON 256746108 1332 20000 SH SOLE 1285 0 0 DPL INC COMMON 233293109 1279 42400 SH SOLE 1233 0 0 DTE ENERGY CO COMMON 233331107 1230 24600 SH SOLE 1187 0 0 DU PONT E I DE NEMOU COMMON 263534109 1243 23000 SH SOLE 1199 0 0 EAST WEST BANCORP COMMON 27579R104 1227 60705 SH SOLE 1183 0 0 EDISON INTL COMMON 281020107 1221 31500 SH SOLE 1177 0 0 EDUCATION MGMT CORP COMMON NEW 28140M103 950 39700 SH SOLE 916 0 0 ELDORADO GOLD CORP COMMON 284902103 2031 137600 SH SOLE 1958 0 0 ELI LILLY & CO COMMON 532457108 1773 47245 SH SOLE 1710 0 0 EMC CORP MASS COMMON 268648102 37922 1376461 SH SOLE 36568 0 0 EMCOR GROUP INC COMMON 29084Q100 1137 38800 SH SOLE 1097 0 0 ENBRIDGE INC COMMON 29250N105 6914 212600 SH SOLE 6667 0 0 ENCANA CORPORATION COMMON 292505104 50231 1626534 SH SOLE 48438 0 0 ENDEAVOUR SILVER COMMON 29258Y103 206 24500 SH SOLE 199 0 0 ENERPLUS CORP COMMON 292766102 1421 45000 SH SOLE 1370 0 0 ENI S P A ADR(2 ORD SHRS) 26874R108 1878 39500 SH SOLE 1811 0 0 ENSCO PLC ADS (REP 1 CL A 29358Q109 1828 34300 SH SOLE 1763 0 0 ENTERGY CORP COMMON 29364G103 1024 15000 SH SOLE 988 0 0 EXELON CORP COMMON 30161N101 1200 28000 SH SOLE 1157 0 0 EXFO INC SUB VTG 302046107 318 41500 SH SOLE 307 0 0 EXTORRE GOLD MINES COMMON 30227B109 3677 285700 SH SOLE 3546 0 0 EXXON MOBIL CORP COMMON 30231G102 1987 23720 SH SOLE 1916 0 0 FARO TECHNOLOGIES COMMON 311642102 935 21349 SH SOLE 902 0 0 FIRST MAJESTIC SILV COMMON 32076V103 205 11100 SH SOLE 198 0 0 FIRSTSERVICE CORP SUB VTG 33761N109 26938 777978 SH SOLE 25977 0 0 FISERV INC COMMON 337738108 338 5400 SH SOLE 326 0 0 FLEXTRONICS INTL ORDINARY Y2573F102 405 63100 SH SOLE 391 0 0 FLUOR CORPORATION COMMON 343412102 1223 18911 SH SOLE 1179 0 0 FOCUS MEDIA HLDG ADR(10 ORD SHRS) 34415V109 929 29876 SH SOLE 896 0 0 FOREST LABS INC COMMON 345838106 277 7048 SH SOLE 267 0 0 FOREST OIL CORP COMMON 346091705 836 31302 SH SOLE 806 0 0 FRANCE TELECOM SP ADR (1 ORD) 35177Q105 1720 80800 SH SOLE 1659 0 0 FREEPORT-MCMORAN C&G COMMON 35671D857 11769 222478 SH SOLE 11349 0 0 FRESENIUS MED CARE ADS(1 ORD SHR) 358029106 2211 29600 SH SOLE 2132 0 0 FRESH DEL MONTE PROD ORDINARY G36738105 1904 71400 SH SOLE 1836 0 0 FRONTIER COMMUNICA COMMON 35906A108 83 10266 SH SOLE 80 0 0 FUEL SYSTEMS SOLTNS COMMON 35952W103 878 35200 SH SOLE 847 0 0 GAMESTOP CORP HLDG CLASS A 36467W109 4776 179078 SH SOLE 4606 0 0 GARMIN LTD COMMON STOCK (SW H2906T109 1982 60016 SH SOLE 1912 0 0 GENERAL DYNAMICS COMMON 369550108 1326 17800 SH SOLE 1279 0 0 GENERAL ELECTRIC CO COMMON 369604103 2062 108102 SH SOLE 1989 0 0 GENUINE PARTS CO COMMON 372460105 1054 18688 SH SOLE 1017 0 0 GILDAN ACTIVEWEAR COMMON 375916103 9503 269613 SH SOLE 9164 0 0 GILEAD SCIENCES INC COMMON 375558103 258 6228 SH SOLE 249 0 0 GLAXOSMITHKLINE PLC SP ADR (2 ORD) 37733W105 1862 43400 SH SOLE 1795 0 0 GOLAR LNG LTD SHARES G9456A100 1559 44690 SH SOLE 1504 0 0 GOLDCORP INC COMMON 380956409 137621 2844765 SH SOLE 132708 0 0 GOOGLE INC CLASS A 38259P508 15236 30088 SH SOLE 14692 0 0 GRAN TIERRA ENERGY COMMON 38500T101 9658 1466700 SH SOLE 9314 0 0 GREAT BASIN GOLD COMMON 390124105 9112 4437703 SH SOLE 8787 0 0 GUESS INC COMMON 401617105 1380 32800 SH SOLE 1330 0 0 HALLIBURTON COMMON 406216101 408 8000 SH SOLE 393 0 0 HCP INC COMMON 40414L109 933 24528 SH SOLE 900 0 0 HDFC BANK LTD ADR(3 INR10) 40415F101 1887 10700 SH SOLE 1820 0 0 HEINZ H J CO COMMON 423074103 645 11680 SH SOLE 622 0 0 HELMERICH & PAYNE COMMON 423452101 23731 358913 SH SOLE 22884 0 0 HEWLETT PACKARD CO COMMON 428236103 681 18222 SH SOLE 656 0 0 HOME DEPOT INC COMMON 437076102 1875 51088 SH SOLE 1809 0 0 HONEYWELL INTL INC COMMON 438516106 11693 196227 SH SOLE 11276 0 0 HUDBAY MINERALS COMMON 443628102 2609 174700 SH SOLE 2516 0 0 HUMANA INC COMMON 444859102 16786 208423 SH SOLE 16187 0 0 IAMGOLD CORP COMMON 450913108 49452 2628822 SH SOLE 47687 0 0 IMPAX LABS INC COMMON 45256B101 1297 59500 SH SOLE 1250 0 0 IMPERIAL OIL LTD COMMON 453038408 2967 63700 SH SOLE 2861 0 0 INGERSOLL-RAND PLC CLASS A G47791101 12504 275360 SH SOLE 12058 0 0 INTEL CORP COMMON 458140100 3761 168314 SH SOLE 3627 0 0 INTL BUSINESS MCHN COMMON 459200101 5321 31018 SH SOLE 5131 0 0 ISHARES INC MSCI GERMAN 464286806 823 30552 SH SOLE 793 0 0 ISHARES INC MSCI JAPAN 464286848 580 55492 SH SOLE 559 0 0 ISHARES TR JPMORGAN USD 464288281 568 5200 SH SOLE 548 0 0 ITAU UNIBANCO HLDG SA SPON ADR REP 465562106 5035 213802 SH SOLE 4855 0 0 ITT EDUCATIONAL SVCS COMMON 45068B109 2189 27979 SH SOLE 2111 0 0 JACK IN THE BOX INC COMMON 466367109 1822 79994 SH SOLE 1757 0 0 JDS UNIPHASE CORP COMMON 46612J507 842 50540 SH SOLE 812 0 0 JOHN BEAN TECHNOLOGY COMMON 477839104 1637 84732 SH SOLE 1579 0 0 JOHNSON & JOHNSON COMMON 478160104 1328 19967 SH SOLE 1281 0 0 JOS A BANK CLOTHIERS COMMON 480838101 1380 27600 SH SOLE 1331 0 0 JPMORGAN CHASE & CO COMMON 46625H100 22083 539391 SH SOLE 21294 0 0 KINROSS GOLD CORP COMMON 496902404 27687 1753001 SH SOLE 26698 0 0 KIRKLANDS INC COMMON 497498105 999 83100 SH SOLE 963 0 0 KIT DIGITAL INC COMMON NEW 482470200 8476 709849 SH SOLE 8173 0 0 KLA-TENCOR CORP COMMON 482480100 312 7700 SH SOLE 301 0 0 KOHLS CORP COMMON 500255104 1272 24528 SH SOLE 1227 0 0 KONINKLIJKE PHIL ELE ADR (1 ORD) 500472303 1495 58200 SH SOLE 1441 0 0 KRAFT FOODS INC CLASS A 50075N104 1261 35800 SH SOLE 1216 0 0 KROGER CO COMMON 501044101 661 25696 SH SOLE 637 0 0 LABORATORY CORP AMER COMMON 50540R409 243 2506 SH SOLE 234 0 0 LANDSTAR SYS INC COMMON 515098101 899 19332 SH SOLE 866 0 0 LHC GROUP INC COMMON 50187A107 1040 45100 SH SOLE 1003 0 0 LIFEPOINT HOSPITALS COMMON 53219L109 1231 31500 SH SOLE 1187 0 0 LOCKHEED MARTIN CORP COMMON 539830109 13664 168758 SH SOLE 13177 0 0 LORILLARD INC COM STK USD 0.01 544147101 1575 14470 SH SOLE 1519 0 0 LPL INVESTMENT HOL COM USD0.001 50213H100 14830 433512 SH SOLE 14301 0 0 MAGNA INTL INC COMMON 559222401 129107 2387295 SH SOLE 124497 0 0 MANULIFE FINCL CORP COMMON 56501R106 141453 7986124 SH SOLE 136403 0 0 MARATHON OIL CORP COMMON 565849106 23707 450016 SH SOLE 22861 0 0 MARKET VECTORS EMRGMKTS LC CURR 57060U522 1946 70877 SH SOLE 1876 0 0 MB FINANCIAL INC NEW COMMON 55264U108 1577 81947 SH SOLE 1520 0 0 MCDERMOTT INTL INC COMMON 580037109 1117 56400 SH SOLE 1077 0 0 MCGRAW HILL COS INC COMMON 580645109 1291 30800 SH SOLE 1245 0 0 MCKESSON CORP COMMON 58155Q103 17860 213506 SH SOLE 17222 0 0 MEADWESTVACO CORP COMMON 583334107 482 14479 SH SOLE 465 0 0 MEDTRONIC INC COMMON 585055106 16004 415357 SH SOLE 15432 0 0 MERCADOLIBRE INC COMMON 58733R102 3761 47400 SH SOLE 3626 0 0 MERCK & CO INC COMMON 58933Y105 227 6437 SH SOLE 219 0 0 METHANEX CORP COMMON 59151K108 2207 70300 SH SOLE 2129 0 0 MICRON TECHNOLOGY COMMON 595112103 788 105400 SH SOLE 760 0 0 MICROSOFT CORP COMMON 594918104 4368 168013 SH SOLE 4212 0 0 MIDDLEBY CORP COMMON 596278101 917 9752 SH SOLE 884 0 0 MITSUBISHI UFJ FINL ADR( 1 ORD SHRS) 606822104 1622 335900 SH SOLE 1564 0 0 MOBILE TELESYST OJSC ADR(2 ORD SHR) 607409109 252 13236 SH SOLE 243 0 0 MOODYS CORP COMMON 615369105 16455 429065 SH SOLE 15867 0 0 MURPHY OIL CORP COMMON 626717102 427 6508 SH SOLE 412 0 0 MYLAN INC COMMON 628530107 7049 285733 SH SOLE 6797 0 0 NASDAQ OMX GROUP COMMON 631103108 1149 45409 SH SOLE 1108 0 0 NATIONAL OILWELL VAR COMMON 637071101 21784 278531 SH SOLE 21006 0 0 NEPTUNE TECH & BIO. REST SEP 14 11 64077P108 2183 697675 SH SOLE 2105 0 0 NEPTUNE TECH&BIORES COMMON 64077P108 1254 340741 SH SOLE 1210 0 0 NETEASE COM INC ADR REP 25 COM 64110W102 2070 45900 SH SOLE 1996 0 0 NETSCOUT SYS INC COMMON 64115T104 894 42812 SH SOLE 862 0 0 NEW GOLD INC COMMON 644535106 7790 755000 SH SOLE 7512 0 0 NEXEN INC COMMON 65334H102 11540 511851 SH SOLE 11128 0 0 NIPPON TELEG & TEL NEW ADR(0.50 ORD 654624105 1872 77400 SH SOLE 1805 0 0 NORTHGATE MINERALS COMMON 666416102 19814 7642612 SH SOLE 19107 0 0 NOVARTIS AG ADR (1 ORD CHF) 66987V109 1937 31700 SH SOLE 1868 0 0 NOVO-NORDISK AS ADR(1 'B' ORD) 670100205 2055 16400 SH SOLE 1981 0 0 NRG ENERGY INC COMMON NEW 629377508 1463 59500 SH SOLE 1410 0 0 NUTRI SYS INC COMMON 67069D108 769 54700 SH SOLE 742 0 0 OCCIDENTAL PETE CORP COMMON 674599105 16220 155428 SH SOLE 15641 0 0 OFFICE DEPOT INC COMMON 676220106 1220 289144 SH SOLE 1177 0 0 OM GROUP INC COMMON 670872100 1613 39700 SH SOLE 1556 0 0 OMNICARE INC COMMON 681904108 206 6463 SH SOLE 199 0 0 OPEN TEXT CORP COMMON 683715106 40401 630086 SH SOLE 38958 0 0 ORACLE CORP COMMON 68389X105 45012 1367725 SH SOLE 43405 0 0 ORION MARINE GROUP COMMON 68628V308 677 71900 SH SOLE 652 0 0 ORTHOFIX INTL NV COMMON N6748L102 2609 61434 SH SOLE 2516 0 0 OSHKOSH CORPORATION COMMON 688239201 917 31700 SH SOLE 885 0 0 PARKER HANNIFIN CORP COMMON 701094104 12746 142029 SH SOLE 12291 0 0 PENGROWTH ENERGY COMMON 70706P104 212 16852 SH SOLE 205 0 0 PENN WEST PETRO COMMON 707887105 17887 774532 SH SOLE 17249 0 0 PEPSICO INC COMMON 713448108 25646 364138 SH SOLE 24731 0 0 PETROLEO BRASILEIRO ADR(2 ORD SHRS) 71654V408 11445 338000 SH SOLE 11036 0 0 PETSMART INC COMMON 716768106 1288 28394 SH SOLE 1242 0 0 PFIZER INC COMMON 717081103 4160 201931 SH SOLE 4011 0 0 PHILIP MORRIS INTL COMMON 718172109 29861 447226 SH SOLE 28795 0 0 PINNACLE WEST CAP COMMON 723484101 1221 27400 SH SOLE 1178 0 0 PIPER JAFFRAY COS COMMON 724078100 1831 63561 SH SOLE 1766 0 0 PITNEY BOWES INC COMMON 724479100 1161 50483 SH SOLE 1119 0 0 POLYONE CORPORATION COMMON 73179P106 1504 97200 SH SOLE 1450 0 0 POTASH CORP OF SASK COMMON 73755L107 154297 2701318 SH SOLE 148789 0 0 POWERSHARES QQQ TRUST SERIES 73935A104 4482 78567 SH SOLE 4322 0 0 POWERSHARES GLOBAL ETF S&P 500 BUYW 73936G308 264 12493 SH SOLE 254 0 0 PRE PAID LEGAL SVCS COMMON 740065107 1164 17500 SH SOLE 1122 0 0 PRECISION DRILLING COMMON 74022D308 8751 609300 SH SOLE 8439 0 0 PRIVATEBANCORP INC COMMON 742962103 1615 117025 SH SOLE 1557 0 0 PROCTER & GAMBLE CO COMMON 742718109 1119 17600 SH SOLE 1079 0 0 PRUDENTIAL FINL COMMON 744320102 17637 277360 SH SOLE 17008 0 0 QUAKER CHEM CORP COMMON 747316107 1178 27400 SH SOLE 1136 0 0 QUALCOMM INC COMMON 747525103 8528 150162 SH SOLE 8223 0 0 QUESTAR CORP COMMON 748356102 1121 63300 SH SOLE 1081 0 0 RARE ELEMENT RES COMMON 75381M102 1770 160000 SH SOLE 1707 0 0 RAYMOND JAMES FINL COMMON 754730109 1755 54593 SH SOLE 1693 0 0 RAYTHEON COMMON 755111507 3101 62200 SH SOLE 2990 0 0 REGAL BELOIT CORP COMMON 758750103 1586 23757 SH SOLE 1530 0 0 RESEARCH IN MOTION COMMON 760975102 24964 863445 SH SOLE 24073 0 0 RICHMONT MINES INC COMMON 76547T106 6461 908200 SH SOLE 6230 0 0 ROGERS COMMUNICATION CLASS B NON VTG 775109200 53042 1339323 SH SOLE 51149 0 0 ROSS STORES INC COMMON 778296103 21800 272087 SH SOLE 21021 0 0 ROVI CORP COMMON 779376102 390 6792 SH SOLE 376 0 0 ROYAL BANK CDA COMMON 780087102 210782 3686875 SH SOLE 203257 0 0 SAFEWAY INC COMMON 786514208 989 42339 SH SOLE 954 0 0 SANOFI SPONSORED ADR 80105N105 2117 52700 SH SOLE 2041 0 0 SEACOR HOLDINGS INC COMMON 811904101 2094 20948 SH SOLE 2019 0 0 SELECT SECTOR SPDR SBI INT-FINL 81369Y605 2300 150000 SH SOLE 2217 0 0 SEMPRA ENERGY COMMON 816851109 705 12848 SH SOLE 679 0 0 SHAW COMMUNICATIONS CLASS B NON VTG 82028K200 7013 307515 SH SOLE 6762 0 0 SIERRA WIRELESS COMMON 826516106 7443 638584 SH SOLE 7178 0 0 SILVER STANDARD RES COMMON 82823L106 5701 213332 SH SOLE 5498 0 0 SILVER WHEATON COMMON 828336107 12704 384878 SH SOLE 12251 0 0 SILVERCORP METALS COMMON 82835P103 1485 158100 SH SOLE 1432 0 0 SKECHERS U S A INC CLASS A 830566105 972 67100 SH SOLE 937 0 0 SKYWEST INC COMMON 830879102 1236 82100 SH SOLE 1192 0 0 SMITH & NEPHEW PLC ADR(5 ORD SHRS) 83175M205 1852 34200 SH SOLE 1786 0 0 SNAP-ON INC COMMON 833034101 1989 31829 SH SOLE 1918 0 0 SOLERA HOLDINGS COMMON 83421A104 418 7067 SH SOLE 403 0 0 SOUFUN HLDGS LTD ADR REP 1 CL A O 836034108 1975 95600 SH SOLE 1905 0 0 SPDR DOW JONES INDL ETF UT SER 1 78467X109 316 2550 SH SOLE 304 0 0 SPDR GOLD TR GOLD GOLD SHARES NPV 78463V107 397 2722 SH SOLE 383 0 0 SPDR S&P 500 ETF TR UNITS SER 1 S&P 78462F103 18818 142318 SH SOLE 18147 0 0 SPDR S&P DIVIDEND SPDR SERIES TRUS 78464A763 664 12257 SH SOLE 640 0 0 SPDR SERIES TRUST BRCLYS HGHYLD BD 78464A417 426 10592 SH SOLE 411 0 0 ST JUDE MEDICAL INC COMMON 790849103 234 4915 SH SOLE 226 0 0 STANTEC INC COMMON 85472N109 2921 100600 SH SOLE 2817 0 0 STATOIL ASA SP ADR(1 ORD NOK 85771P102 1967 77300 SH SOLE 1897 0 0 STEC INC COMMON 784774101 1269 74627 SH SOLE 1224 0 0 STRYKER CORP COMMON 863667101 235 4012 SH SOLE 227 0 0 SUN LIFE FNCL INC COMMON 866796105 40252 1336155 SH SOLE 38815 0 0 SUNCOR ENERGY INC COMMON 867224107 257303 6563960 SH SOLE 248118 0 0 SXC HEALTH SOLUTIONS COMMON 78505P100 201 3400 SH SOLE 194 0 0 SYMANTEC CORP COMMON 871503108 1921 97400 SH SOLE 1852 0 0 SYNOPSYS INC COMMON 871607107 414 16100 SH SOLE 399 0 0 TECK RESOURCES LTD CLASS B SUB VTG 878742204 142119 2795706 SH SOLE 137046 0 0 TELECOM ARGENTINA SP ADR (5 CL B) 879273209 1793 68800 SH SOLE 1729 0 0 TELECOM ITALIA SPA ADR 87927Y102 1854 133400 SH SOLE 1788 0 0 TELEFONICA S A SP ADR (1 ORD) 879382208 1832 74800 SH SOLE 1766 0 0 TELUS CORP NON VTG 87971M202 1059 20100 SH SOLE 1021 0 0 TELVENT GIT SA ORDINARY E90215109 644 16174 SH SOLE 621 0 0 TERNIUM SA ADR(10 ORD SHRS) 880890108 2043 69200 SH SOLE 1971 0 0 TETRA TECH INC COMMON 88162G103 1012 45000 SH SOLE 976 0 0 TEXAS INSTRUMENTS COMMON 882508104 1090 32512 SH SOLE 1051 0 0 THE WESTERN UNION COMMON 959802109 1742 86977 SH SOLE 1680 0 0 THOMPSON CREEK MTLS COMMON 884768102 625 62611 SH SOLE 603 0 0 THOMSON REUTERS CORP COMMON 884903105 29736 791900 SH SOLE 28675 0 0 TIM HORTONS INC COMMON 88706M103 2056 42100 SH SOLE 1982 0 0 TIME WARNER CABLE COMMON NEW 88732J207 30411 389688 SH SOLE 29326 0 0 TORONTO DOMINION BK COMMON 891160509 300243 3540280 SH SOLE 289524 0 0 TRANSALTA CORP COMMON 89346D107 7473 349989 SH SOLE 7206 0 0 TRANSATLANTIC HLDGS COMMON 893521104 1073 21900 SH SOLE 1035 0 0 TRANSCANADA CORP COMMON 89353D107 38173 869189 SH SOLE 36810 0 0 TRANSGLOBE ENERGY COMMON 893662106 16154 1416152 SH SOLE 15578 0 0 TRANSOCEAN LTD COMMON H8817H100 1601 24800 SH SOLE 1544 0 0 TRIQUINT SEMICONDTR COMMON 89674K103 4539 445455 SH SOLE 4377 0 0 UNILEVER N.V NY SHARES(1 ORD) 904784709 1833 55800 SH SOLE 1768 0 0 UNION PAC CORP COMMON 907818108 803 7690 SH SOLE 774 0 0 UNITED STS COMMODITY COMM IDX FND 911717106 416 6518 SH SOLE 401 0 0 UNITED TECHNOLOGIES COMMON 913017109 11204 126580 SH SOLE 10804 0 0 UNITEDHEALTH GRP INC COMMON 91324P102 19264 373482 SH SOLE 18576 0 0 UNIVERSAL CORP COMMON 913456109 1134 30100 SH SOLE 1093 0 0 URS CORP COMMON 903236107 10440 233348 SH SOLE 10067 0 0 US AIRWAYS GROUP COMMON 90341W108 9535 1070199 SH SOLE 9195 0 0 UTD PARCEL SERV CLASS B 911312106 2080 28048 SH SOLE 2006 0 0 VALEANT PHARMACEUTIC COMMON 91911K102 4051 77900 SH SOLE 3907 0 0 VALLEY NATL BANCORP COMMON 919794107 1194 87705 SH SOLE 1151 0 0 VANGUARD INDEX TR SMALL CAP GROWTH 922908595 2109 24502 SH SOLE 2033 0 0 VANGUARD INTL EQ IND EUROPEAN 922042874 2630 49034 SH SOLE 2536 0 0 VANGUARD SPECIALIZED DIV APPRECIATION 921908844 2196 39168 SH SOLE 2117 0 0 VANGUARD TAX MANAG MSCI EAFE ETF 921943858 13279 348261 SH SOLE 12805 0 0 VARIAN MED SYS INC COMMON 92220P105 6283 89737 SH SOLE 6059 0 0 VERIZON COMMUNICATNS COMMON 92343V104 2297 60754 SH SOLE 2215 0 0 VIACOM INC CLASS B 92553P201 13959 273066 SH SOLE 13461 0 0 VIMPEL COMMUNICATION ADR(1 SHS) 92719A106 725 56800 SH SOLE 699 0 0 VISA INC COMMON CLASS A 92826C839 1448 16706 SH SOLE 1396 0 0 VMWARE INC COMMON CL A 928563402 530 5292 SH SOLE 511 0 0 VODAFONE GRP PLC ADR(10 ORDS) 92857W209 1761 65900 SH SOLE 1698 0 0 WALGREEN CO COMMON 931422109 23679 557681 SH SOLE 22834 0 0 WATERS CORP COMMON 941848103 233 2433 SH SOLE 225 0 0 WELLPOINT INC COMMON 94973V107 392 4972 SH SOLE 378 0 0 WELLS FARGO & CO COMMON 949746101 259 9240 SH SOLE 250 0 0 WESTERN DIGITAL CORP COMMON 958102105 1672 45969 SH SOLE 1613 0 0 WEYERHAEUSER CO COMMON 962166104 847 37376 SH SOLE 817 0 0 WISDOM TREE TRUST DIEF A HI YLD DI 97717W802 1357 30610 SH SOLE 1308 0 0 WORLD FUEL SVCS CORP COMMON 981475106 1258 35000 SH SOLE 1213 0 0 XYRATEX LTD COMMON G98268108 1690 164700 SH SOLE 1629 0 0 YAMANA GOLD INC COMMON 98462Y100 2179 186650 SH SOLE 2102 0 0 YUM BRANDS INC COMMON 988498101 17143 310338 SH SOLE 16531 0 0