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
AGNICO EAGLE MINES LTD COM 008474108 3,298 51,510 SH   SOLE 1 51,510 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 963 103,300 SH   SOLE 1 103,300 0 0
ALGONQUIN PWR UTILS CORP COM 015857105 667 51,560 SH   SOLE 1 51,560 0 0
AMAZON COM INC COM 023135106 1,793 650 SH   SOLE 1 650 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 942 35,000 SH   SOLE 1 35,000 0 0
BANK MONTREAL QUE COM 063671101 1,010 18,980 SH   SOLE 1 18,980 0 0
BANK NOVA SCOTIA B C COM 064149107 5,935 143,412 SH   SOLE 1 143,412 0 0
BARRICK GOLD CORPORATION COM 067901108 7,570 281,308 SH   SOLE 1 281,308 0 0
BCE INC COM NEW 05534B760 2,763 66,250 SH   SOLE 1 66,250 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 8,340 253,397 SH   SOLE 1 253,397 0 0
BRP INC COM SUN VTG 05577W200 2,803 65,710 SH   SOLE 1 65,710 0 0
CANADIAN NAT RES LTD COM 136385101 4,293 247,325 SH   SOLE 1 247,325 0 0
CANADIAN NATL RY CO COM 136375102 8,147 92,084 SH   SOLE 1 92,084 0 0
CANADIAN PAC RY LTD COM 13645T100 7,892 31,024 SH   SOLE 1 31,024 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 1,889 85,000 SH   SOLE 1 85,000 0 0
CENOVUS ENERGY INC COM 15135U109 829 177,290 SH   SOLE 1 177,290 0 0
CINTAS CORP COM 172908105 1,332 5,000 SH   SOLE 1 5,000 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 602 10,494 SH   SOLE 1 10,494 0 0
DESCARTES SYS GROUP INC COM 249906108 3,763 71,274 SH   SOLE 1 71,274 0 0
ECOLAB INC COM 278865100 1,592 8,000 SH   SOLE 1 8,000 0 0
ENBRIDGE INC COM 29250N105 5,584 183,638 SH   SOLE 1 183,638 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 725 319,460 SH   SOLE 1 319,460 0 0
ENERPLUS CORP COM 292766102 1,408 500,300 SH   SOLE 1 500,300 0 0
EQUINOX GOLD CORP COM 29446Y502 1,033 92,404 SH   SOLE 1 92,404 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 2,011 15,000 SH   SOLE 1 15,000 0 0
FIRSTSERVICE CORP NEW COM 33767E202 6,162 61,170 SH   SOLE 1 61,170 0 0
FIVE BELOW INC COM 33829M101 535 5,000 SH   SOLE 1 5,000 0 0
GENERAC HLDGS INC COM 368736104 1,524 12,500 SH   SOLE 1 12,500 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104 1,064 56,690 SH   SOLE 1 56,690 0 0
HUMANA INC COM 444859102 1,939 5,000 SH   SOLE 1 5,000 0 0
INVITATION HOMES INC COM 46187W107 964 35,000 SH   SOLE 1 35,000 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 6,376 154,828 SH   SOLE 1 154,828 0 0
LENNAR CORP CL A 526057104 924 15,000 SH   SOLE 1 15,000 0 0
LOUISIANA PAC CORP COM 546347105 1,796 70,000 SH   SOLE 1 70,000 0 0
LOWES COS INC COM 548661107 5,405 40,000 SH   SOLE 1 40,000 0 0
LULULEMON ATHLETICA INC COM 550021109 1,560 5,000 SH   SOLE 1 5,000 0 0
M D C HLDGS INC COM 552676108 1,785 50,000 SH   SOLE 1 50,000 0 0
MAG SILVER CORP COM 55903Q104 1,186 84,000 SH   SOLE 1 84,000 0 0
MAGNA INTL INC COM 559222401 2,115 47,481 SH   SOLE 1 47,481 0 0
MANULIFE FINL CORP COM 56501R106 939 69,041 SH   SOLE 1 69,041 0 0
MARTIN MARIETTA MATLS INC COM 573284106 1,033 5,000 SH   SOLE 1 5,000 0 0
MASTERCARD INCORPORATED CL A 57636Q104 1,922 6,500 SH   SOLE 1 6,500 0 0
MAVERIX METALS INC COM NEW 57776F405 958 215,000 SH   SOLE 1 215,000 0 0
NORBORD INC COM NEW 65548P403 7,482 327,792 SH   SOLE 1 327,792 0 0
OPEN TEXT CORP COM 683715106 2,806 66,078 SH   SOLE 1 66,078 0 0
PAN AMERN SILVER CORP COM 697900108 4,990 164,240 SH   SOLE 1 164,240 0 0
PAYPAL HLDGS INC COM 70450Y103 523 3,000 SH   SOLE 1 3,000 0 0
PEMBINA PIPELINE CORP COM 706327103 1,776 71,056 SH   SOLE 1 71,056 0 0
PENNYMAC FINL SVCS INC NEW COM 70932M107 627 15,000 SH   SOLE 1 15,000 0 0
PROFOUND MED CORP COM NEW 74319B502 1,560 92,120 SH   SOLE 1 92,120 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 4,826 88,670 SH   SOLE 1 88,670 0 0
ROYAL BK CDA COM 780087102 11,661 171,856 SH   SOLE 1 171,856 0 0
SALESFORCE COM INC COM 79466L302 1,124 6,000 SH   SOLE 1 6,000 0 0
SHOPIFY INC CL A 82509L107 10,272 10,812 SH   SOLE 1 10,812 0 0
SILVERCREST METALS INC COM 828363101 1,559 170,000 SH   SOLE 1 170,000 0 0
SSR MNG INC COM 784730103 1,564 73,400 SH   SOLE 1 73,400 0 0
SUN LIFE FINANCIAL INC. COM 866796105 4,422 120,327 SH   SOLE 1 120,327 0 0
SUNCOR ENERGY INC NEW COM 867224107 5,408 320,745 SH   SOLE 1 320,745 0 0
TC ENERGY CORP COM 87807B107 4,239 99,225 SH   SOLE 1 99,225 0 0
TELUS CORPORATION COM 87971M103 2,192 130,680 SH   SOLE 1 130,680 0 0
TERADYNE INC COM 880770102 845 10,000 SH   SOLE 1 10,000 0 0
THOMSON REUTERS CORP. COM NEW 884903709 424 6,240 SH   SOLE 1 6,240 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 9,316 208,732 SH   SOLE 1 208,732 0 0
TRANSALTA CORP COM 89346D107 4,867 820,730 SH   SOLE 1 820,730 0 0
UNION PAC CORP COM 907818108 2,113 12,500 SH   SOLE 1 12,500 0 0
UNITED AIRLS HLDGS INC COM 910047109 260 7,500 SH   SOLE 1 7,500 0 0
VIEMED HEALTHCARE INC COM 92663R105 910 95,000 SH   SOLE 1 95,000 0 0
WASTE CONNECTIONS INC COM 94106B101 2,827 30,174 SH   SOLE 1 30,174 0 0
WEYERHAEUSER CO MTN BE COM NEW 962166104 449 20,000 SH   SOLE 1 20,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,756 39,920 SH   SOLE 1 39,920 0 0