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
Advantage Oil & Gas Ltd. COM 00765F101 1,170 167,158 SH   SOLE   167,158 0 0
Agnico Eagle Mines Ltd COM 008474108 59,798 1,107,670 SH   SOLE   869,270 0 238,400
Brookfield Asset Management Inc. CL A LTD VT SH 112585104 64,691 1,843,065 SH   SOLE   1,448,545 0 394,520
Cott Corp. COM 22163N106 39,464 2,776,147 SH   SOLE   2,347,437 0 428,710
BCE Inc. NEW 05534B760 63,252 1,371,999 SH   SOLE   1,036,699 0 335,300
Bank of Nova Scotia COM 064149107 123,518 2,335,063 SH   SOLE   1,803,993 0 531,070
Baytex Energy Corp COM 07317Q105 591 139,420 SH   SOLE   139,420 0 0
Celestica Inc. SHS 15101Q108 526 48,703 SH   SOLE   48,703 0 0
Canadian Imperial Bank of Commerce COM 136069101 75,434 974,534 SH   SOLE   757,204 0 217,330
Canadian Natural Resources Ltd. COM 136385101 50,281 1,575,630 SH   SOLE   1,228,410 0 347,220
Canadian National Railway COM 136375102 75,221 1,152,742 SH   SOLE   896,875 0 255,867
Canadian Pacific Railway Ltd. COM 13645T100 77,330 507,621 SH   SOLE   397,321 0 110,300
Crescent Point Energy Corp. COM 22576C101 24,789 1,883,198 SH   SOLE   1,466,588 0 416,610
Encana Corp. COM 292505104 16,868 1,616,300 SH   SOLE   1,189,300 0 427,000
Enbridge Inc. COM 29250N105 84,006 1,914,750 SH   SOLE   1,513,750 0 401,000
Franco-Nevada Corp. COM 351858105 37,239 533,950 SH   SOLE   388,950 0 145,000
New First Service Corp. SUB VTG SH 33767E103 725 15,609 SH   SOLE   15,609 0 0
Fortuna Silver Mines Inc. COM 349915108 1,025 141,590 SH   SOLE   141,590 0 0
Goldcorp Inc. COM 380956409 54,805 3,326,627 SH   SOLE   2,623,177 0 703,450
CGI Group Class A CL A SUB VTG 39945C109 31,800 668,754 SH   SOLE   531,647 0 137,107
Gildan Activewear Class A COM 375916103 25,763 923,930 SH   SOLE   745,770 0 178,160
Klondex Mines Ltd COM 498696103 1,438 250,686 SH   SOLE   250,686 0 0
Manulife Financial Corp. COM 56501R106 61,580 4,372,162 SH   SOLE   3,136,919 0 1,235,243
Magna International Inc. Class A COM 559222401 45,862 1,070,166 SH   SOLE   834,330 0 235,836
Nevsun Resources Ltd. COM 64156L101 1,004 332,289 SH   SOLE   332,289 0 0
Norbord Inc. NEW 65548P403 3,843 149,520 SH   SOLE   149,520 0 0
Open Text Corp. COM 683715106 24,276 375,349 SH   SOLE   300,439 0 74,910
Potash Corp. of Saskatchewan COM 73755L107 20,320 1,250,850 SH   SOLE   974,530 0 276,320
Pembina Pipeline Corp. COM 706327103 23,288 765,447 SH   SOLE   720,837 0 44,610
Restaurant Brands International COM 76131D103 32,578 731,858 SH   SOLE   559,428 0 172,430
Richmont Mines Inc COM 76547T106 1,000 99,393 SH   SOLE   99,393 0 0
Royal Bank of Canada COM 780087102 166,351 2,690,465 SH   SOLE   2,112,087 0 578,378
Sun Life Financial Inc. COM 866796105 33,385 1,027,799 SH   SOLE   959,109 0 68,690
Silver Wheaton Corp COM 828336107 34,570 1,281,970 SH   SOLE   1,057,720 0 224,250
Sandstorm Gold Ltd NEW 80013R206 984 195,023 SH   SOLE   195,023 0 0
Suncor Energy Inc. COM 867224107 74,930 2,703,929 SH   SOLE   2,097,833 0 606,096
Toronto-Dominion Bank NEW 891160509 169,823 3,832,237 SH   SOLE   2,981,605 0 850,632
TransCanada Corp. COM 89353D107 68,533 1,445,510 SH   SOLE   1,093,210 0 352,300
Vermilion Energy Inc. COM 923725105 16,887 436,685 SH   SOLE   408,875 0 27,810
Waste Connections Inc COM 94106B101 62,528 839,384 SH   SOLE   675,716 0 163,668
Allegion Plc SHS G0176J109 958 13,900 SH   SOLE   13,900 0 0
American Woodmark Corp COM 030506109 1,499 18,600 SH   SOLE   18,600 0 0
Bank of America Corp. COM 060505104 1,487 95,000 SH   SOLE   95,000 0 0
Beacon Roofing Supply Inc COM 073685109 1,893 45,000 SH   SOLE   45,000 0 0
Builders Firstsource COM 12008R107 460 40,000 SH   SOLE   40,000 0 0
Citigroup Inc. NEW 172967424 1,653 35,000 SH   SOLE   35,000 0 0
Masonite International Corp. COM 575385109 906 14,580 SH   SOLE   14,580 0 0
E Trade Financial Group Inc NEW 269246401 5,853 201,000 SH   SOLE   201,000 0 0
Granite Construction Inc COM 387328107 1,990 40,000 SH   SOLE   40,000 0 0
Home Depot COM 437076102 1,930 15,000 SH   SOLE   15,000 0 0
Lennar Corp. CL A 526057104 1,376 32,500 SH   SOLE   32,500 0 0
Masco Corp. COM 574599106 1,396 40,700 SH   SOLE   40,700 0 0
Mohawk Industries Inc. COM 608190104 1,402 7,000 SH   SOLE   7,000 0 0
Owens Corning COM 690742101 2,429 45,500 SH   SOLE   45,500 0 0
Precision Drilling Corp COM 2010 74022D308 418 100,000 SH   SOLE   100,000 0 0
PGT Inc COM 69336V101 2,161 202,500 SH   SOLE   202,500 0 0
Ross Stores Inc COM 778296103 1,170 18,200 SH   SOLE   18,200 0 0
Carrols Restaurant Group Inc COM 14574X104 1,598 121,000 SH   SOLE   121,000 0 0
TJX Companies Inc. COM 872540109 1,683 22,500 SH   SOLE   22,500 0 0
TRI Pointe Group Inc COM 87265H109 1,344 102,000 SH   SOLE   102,000 0 0
USG Group NEW 903293405 1,551 60,000 SH   SOLE   60,000 0 0
Visa Inc-Class A CL A 92826C839 2,357 28,500 SH   SOLE   28,500 0 0
Wells Fargo & Company COM 949746101 886 20,000 SH   SOLE   20,000 0 0
Cimarex Energy Co COM 171798101 2,687 20,000 SH   SOLE   20,000 0 0
VanEck Vectors Gold Miners GOLD MINERS ETF 92189F106 1,308 49,500 SH   SOLE   49,500 0 0
Vaneck Vectors Junior Gold M ETF JR GOLD MINERS E 92189F791 1,262 28,500 SH   SOLE   28,500 0 0