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   6,762,664 113,367 SH   SOLE 1 113,367 0 0
ALAMOS GOLD INC NEW COM CL A 011532108   3,935,972 266,850 SH   SOLE 1 266,850 0 0
AMAZON COM INC COM 023135106   2,566,807 14,230 SH   SOLE 1 14,230 0 0
APOLLO GLOBAL MGMT INC COM 03769M106   3,092,375 27,500 SH   SOLE 1 27,500 0 0
ARCBEST CORP COM 03937C105   441,750 3,100 SH   SOLE 1 3,100 0 0
BANK MONTREAL QUE COM 063671101   3,236,142 33,131 SH   SOLE 1 33,131 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107   3,945,439 76,237 SH   SOLE 1 76,237 0 0
BEACON ROOFING SUPPLY INC COM 073685109   980,200 10,000 SH   SOLE 1 10,000 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109   25,695,654 1,160,814 SH   SOLE 1 1,160,814 0 0
BROOKFIELD CORP CL A LTD VT SH 11271J107   7,087,690 169,308 SH   SOLE 1 169,308 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101   6,562,551 210,150 SH   SOLE 1 210,150 0 0
BUILDERS FIRSTSOURCE INC COM 12008R107   4,171,000 20,000 SH   SOLE 1 20,000 0 0
CAMECO CORP COM 13321L108   2,913,052 67,260 SH   SOLE 1 67,260 0 0
CANADIAN IMPERIAL BK COMM TO COM 136069101   3,141,997 61,950 SH   SOLE 1 61,950 0 0
CANADIAN NAT RES LTD COM 136385101   4,774,038 62,555 SH   SOLE 1 62,555 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   12,934,052 146,650 SH   SOLE 1 146,650 0 0
CAPITAL ONE FINL CORP COM 14040H105   1,488,900 10,000 SH   SOLE 1 10,000 0 0
CARLISLE COS INC COM 142339100   1,959,250 5,000 SH   SOLE 1 5,000 0 0
CENOVUS ENERGY INC COM 15135U109   8,314,507 415,710 SH   SOLE 1 415,710 0 0
CGI INC CL A SUB VTG 12532H104   1,343,244 12,170 SH   SOLE 1 12,170 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107   12,187,087 99,660 SH   SOLE 1 99,660 0 0
CRESCENT PT ENERGY CORP COM 22576C101   3,935,837 480,950 SH   SOLE 1 480,950 0 0
DENISON MINES CORP COM 248356107   2,578,991 1,317,670 SH   SOLE 1 1,317,670 0 0
DOCEBO INC COM 25609L105   5,946,913 121,592 SH   SOLE 1 121,592 0 0
ENBRIDGE INC COM 29250N105   2,705,654 74,838 SH   SOLE 1 74,838 0 0
ENDEAVOUR SILVER CORP COM 29258Y103   481,554 200,000 SH   SOLE 1 200,000 0 0
ENERFLEX LTD COM 29269R105   5,426,808 932,440 SH   SOLE 1 932,440 0 0
ENERGY FUELS INC COM NEW 292671708   1,995,903 319,050 SH   SOLE 1 319,050 0 0
ENERPLUS CORP COM 292766102   2,120,624 107,900 SH   SOLE 1 107,900 0 0
ERO COPPER CORP COM 296006109   1,196,086 62,000 SH   SOLE 1 62,000 0 0
FIRST MAJESTIC SILVER CORP COM 32076V103   1,933,084 329,220 SH   SOLE 1 329,220 0 0
FRANCO NEV CORP COM 351858105   1,589,026 13,330 SH   SOLE 1 13,330 0 0
GENERAL ELECTRIC CO COM NEW 369604301   2,281,890 13,000 SH   SOLE 1 13,000 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104   2,480,827 71,910 SH   SOLE 1 71,910 0 0
GILDAN ACTIVEWEAR INC COM 375916103   2,003,077 53,950 SH   SOLE 1 53,950 0 0
HOWMET AEROSPACE INC COM 443201108   1,368,600 20,000 SH   SOLE 1 20,000 0 0
HUDBAY MINERALS INC COM 443628102   2,889,196 412,640 SH   SOLE 1 412,640 0 0
HUNT J B TRANS SVCS INC COM 445658107   418,425 2,100 SH   SOLE 1 2,100 0 0
INSTRUCTURE HLDGS INC COM 457790103   2,398,408 112,180 SH   SOLE 1 112,180 0 0
KINROSS GOLD CORP COM 496902404   4,944,160 806,110 SH   SOLE 1 806,110 0 0
KNIGHT-SWIFT TRANSN HLDGS IN CL A 499049104   434,658 7,900 SH   SOLE 1 7,900 0 0
MAG SILVER CORP COM 55903Q104   263,858 25,000 SH   SOLE 1 25,000 0 0
MANULIFE FINL CORP COM 56501R106   4,314,884 172,691 SH   SOLE 1 172,691 0 0
NEXGEN ENERGY LTD COM 65340P106   1,476,976 189,910 SH   SOLE 1 189,910 0 0
OPEN TEXT CORP COM 683715106   918,863 23,670 SH   SOLE 1 23,670 0 0
ORLA MNG LTD NEW COM 68634K106   758,844 200,280 SH   SOLE 1 200,280 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101   7,777,504 473,700 SH   SOLE 1 473,700 0 0
PARKER-HANNIFIN CORP COM 701094104   5,557,900 10,000 SH   SOLE 1 10,000 0 0
PEMBINA PIPELINE CORP COM 706327103   1,993,687 56,460 SH   SOLE 1 56,460 0 0
PRECISION DRILLING CORP COM NEW 74022D407   986,717 14,660 SH   SOLE 1 14,660 0 0
PRIMO WATER CORPORATION COM 74167P108   232,585 12,770 SH   SOLE 1 12,770 0 0
PROGRESSIVE CORP COM 743315103   1,170,601 5,660 SH   SOLE 1 5,660 0 0
RB GLOBAL INC COM 74935Q107   8,341,065 109,490 SH   SOLE 1 109,490 0 0
RESTAURANT BRANDS INTL INC COM 76131D103   3,302,716 41,570 SH   SOLE 1 41,570 0 0
ROGERS COMMUNICATIONS INC CL B 775109200   13,839,020 337,600 SH   SOLE 1 337,600 0 0
ROYAL BK CDA COM 780087102   9,324,508 92,409 SH   SOLE 1 92,409 0 0
ROYAL GOLD INC COM 780287108   1,218,100 10,000 SH   SOLE 1 10,000 0 0
SHOPIFY INC CL A 82509L107   6,920,872 89,670 SH   SOLE 1 89,670 0 0
SILVERCREST METALS INC COM 828363101   952,027 142,746 SH   SOLE 1 142,746 0 0
SKEENA RES LTD NEW COM 83056P715   920,270 200,000 SH   SOLE 1 200,000 0 0
SUN LIFE FINANCIAL INC. COM 866796105   3,233,818 59,240 SH   SOLE 1 59,240 0 0
SUNCOR ENERGY INC NEW COM 867224107   2,849,424 77,175 SH   SOLE 1 77,175 0 0
TC ENERGY CORP COM 87807B107   4,823,838 119,985 SH   SOLE 1 119,985 0 0
TECK RESOURCES LTD CL B 878742204   2,242,431 48,970 SH   SOLE 1 48,970 0 0
THOMSON REUTERS CORP. COM 884903808   863,471 5,546 SH   SOLE 1 5,546 0 0
TJX COS INC NEW COM 872540109   2,090,266 20,610 SH   SOLE 1 20,610 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   6,182,255 102,391 SH   SOLE 1 102,391 0 0
TRANSALTA CORP COM 89346D107   160,456 25,000 SH   SOLE 1 25,000 0 0
TRIPLE FLAG PRECIOUS METAL COM 89679M104   5,876,839 406,589 SH   SOLE 1 406,589 0 0
UBER TECHNOLOGIES INC COM 90353T100   12,456,982 161,800 SH   SOLE 1 161,800 0 0
UNION PAC CORP COM 907818108   1,072,255 4,360 SH   SOLE 1 4,360 0 0
UNITED RENTALS INC COM 911363109   6,136,646 8,510 SH   SOLE 1 8,510 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   1,937,000 50,000 SH   SOLE 1 50,000 0 0
WASTE CONNECTIONS INC COM 94106B101   294,108 1,710 SH   SOLE 1 1,710 0 0
WELLS FARGO CO NEW COM 949746101   1,411,906 24,360 SH   SOLE 1 24,360 0 0
WEST FRASER TIMBER CO LTD COM 952845105   8,849,408 102,400 SH   SOLE 1 102,400 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   1,524,848 32,360 SH   SOLE 1 32,360 0 0
XPO INC COM 983793100   2,031,800 16,650 SH   SOLE 1 16,650 0 0
XPONENTIAL FITNESS INC COM CL A 98422X101   1,654,000 100,000 SH   SOLE 1 100,000 0 0