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
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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
Agrium Inc. COM 008916108 68,322 703,123 SH   SOLE   540,581 0 162,542
Bank of America Corp. COM 060505104 165 10,000 SH   SOLE   10,000 0 0
Bank of Nova Scotia COM 064149107 191,122 2,877,037 SH   SOLE   2,103,687 0 773,350
Barrick Gold Corp. COM 067901108 56,209 3,004,200 SH   SOLE   2,311,300 0 692,900
Bellatrix Exploration Ltd. COM 078314101 1,166 149,280 SH   SOLE   149,280 0 0
Canadian Imperial Bank of Commerce COM 136069101 83,566 921,140 SH   SOLE   851,940 0 69,200
Canadian National Railway COM 136375102 89,929 1,484,962 SH   SOLE   1,147,944 0 337,018
Canadian Natural Resources Ltd. COM 136385101 107,309 2,985,770 SH   SOLE   2,237,270 0 748,500
Catamaran Corporation COM 148887102 56,481 1,119,548 SH   SOLE   859,840 0 259,708
Eldorado Gold Corp. COM 284902103 24,004 3,980,820 SH   SOLE   3,674,920 0 305,900
Franco-Nevada Corp. COM 351858105 554 12,800 SH   SOLE   12,800 0 0
Goldcorp Inc. COM 380956409 46,732 2,028,300 SH   SOLE   1,476,230 0 552,070
HudBay Minerals Inc. COM 443628102 439 50,240 SH   SOLE   50,240 0 0
Magna International Inc. Class A COM 559222401 46,478 533,614 SH   SOLE   416,306 0 117,308
Open Text Corp. COM 683715106 21,938 224,525 SH   SOLE   173,488 0 51,037
Royal Bank of Canada COM 780087102 198,527 2,780,103 SH   SOLE   2,134,005 0 646,098
Sun Life Financial Inc. COM 866796105 52,112 1,388,920 SH   SOLE   1,071,220 0 317,700
Suncor Energy Inc. COM 867224107 120,005 3,222,464 SH   SOLE   2,474,058 0 748,406
Teck Resources Ltd. CL B 878742204 23,836 862,062 SH   SOLE   791,262 0 70,800
Toronto-Dominion Bank COM NEW 891160509 203,339 2,031,160 SH   SOLE   1,530,644 0 500,516
Talisman Energy Inc. COM 87425E103 44,874 3,633,533 SH   SOLE   2,670,133 0 963,400
AuRico Gold Inc COM 05155C105 1,048 268,600 SH   SOLE   268,600 0 0
Bluelinx Holdings Inc COM 09624H109 31 15,000 SH   SOLE   15,000 0 0
Brookfield Residential Properties Inc. COM 11283W104 36,521 1,419,942 SH   SOLE   1,098,392 0 321,550
Canadian Pacific Railway Ltd. COM 13645T100 57,224 356,200 SH   SOLE   274,650 0 81,550
Cenovus Energy Inc. COM 15135U109 70,463 2,317,856 SH   SOLE   1,731,391 0 586,465
Enbridge Inc. COM 29250N105 74,362 1,602,290 SH   SOLE   1,229,890 0 372,400
Firstservice Corp. Sub Vtg. SUB VTG SH 33761N109 779 17,030 SH   SOLE   17,030 0 0
CGI Group Class A CL A SUB VTG 39945C109 59,832 1,683,517 SH   SOLE   1,272,600 0 410,917
Manulife Financial Corp. COM 56501R106 89,962 4,292,100 SH   SOLE   3,204,217 0 1,087,883
Mitel Networks Corp. COM 60671Q104 426 39,900 SH   SOLE   39,900 0 0
Nevsun Resources Ltd. COM 64156L101 604 171,000 SH   SOLE   171,000 0 0
Precision Drilling Corp. COM 2010 74022D308 29,593 2,977,206 SH   SOLE   2,169,006 0 808,200
Telus Corp. COM 87971M103 84,141 2,301,442 SH   SOLE   1,736,198 0 565,244
Tim Hortons Inc. COM 88706M103 50,912 821,300 SH   SOLE   621,600 0 199,700
Timmins Gold Corp COM 88741P103 476 421,000 SH   SOLE   421,000 0 0
Valeant Pharmaceuticals International COM 91911K102 85,892 689,231 SH   SOLE   530,215 0 159,016
Yamana Gold Inc. COM 98462Y100 32,462 3,543,890 SH   SOLE   2,595,920 0 947,970