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
AERCAP HOLDINGS NV SHS N00985106 3,758 65,000 SH   SOLE 1 65,000 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 7,144 993,860 SH   SOLE 1 993,860 0 0
ALPHABET INC CAP STK CL A 02079K305 2,727 1,020 SH   SOLE 1 1,020 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 2,004 41,360 SH   SOLE 1 41,360 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 2,668 70,000 SH   SOLE 1 70,000 0 0
APTIV PLC SHS G6095L109 515 3,460 SH   SOLE 1 3,460 0 0
BANK MONTREAL QUE COM 063671101 9,225 92,510 SH   SOLE 1 92,510 0 0
BANK NOVA SCOTIA B C COM 064149107 1,830 29,772 SH   SOLE 1 29,772 0 0
BAUSCH HEALTH COS INC COM 071734107 493 17,710 SH   SOLE 1 17,710 0 0
BAUSCH HEALTH COS INC COM 071734107 40 1,440 SH   SOLE _ 1,440 0 0
BK OF AMERICA CORP COM 060505104 1,061 25,000 SH   SOLE 1 25,000 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 9,873 184,475 SH   SOLE 1 184,475 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 455 8,500 SH   SOLE _ 8,500 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109 7,558 165,567 SH   SOLE 1 165,567 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109 182 4,000 SH   SOLE _ 4,000 0 0
BROOKFIELD INFRAST PARTNERS LP INT UNIT G16252101 281 5,000 SH   SOLE _ 5,000 0 0
CAESARSTONE LTD ORD SHS M20598104 315 25,400 SH   SOLE 1 25,400 0 0
CANADIAN IMP BK COMM COM 136069101 4,319 38,840 SH   SOLE 1 38,840 0 0
CANADIAN NAT RES LTD COM 136385101 2,326 63,705 SH   SOLE 1 63,705 0 0
CANADIAN NATL RY CO COM 136375102 6,995 60,430 SH   SOLE 1 60,430 0 0
CANADIAN PAC RY LTD COM 13645T100 5,295 81,220 SH   SOLE 1 81,220 0 0
CANADIAN PAC RY LTD COM 13645T100 122 1,870 SH   SOLE _ 1,870 0 0
CAPITAL ONE FINL CORP COM 14040H105 4,859 30,000 SH   SOLE 1 30,000 0 0
CENOVUS ENERGY INC COM 15135U109 6,001 596,100 SH   SOLE 1 596,100 0 0
CGI INC CL A SUB VTG 12532H104 1,909 22,500 SH   SOLE 1 22,500 0 0
CGI INC CL A SUB VTG 12532H104 127 1,500 SH   SOLE _ 1,500 0 0
COLLIERS INTL GROUP INC SUB VTG SHS 194693107 1,596 12,500 SH   SOLE 1 12,500 0 0
CRESCENT PT ENERGY CORP COM 22576C101 2,522 547,200 SH   SOLE 1 547,200 0 0
DANAHER CORPORATION COM 235851102 1,860 6,110 SH   SOLE 1 6,110 0 0
ENBRIDGE INC COM 29250N105 7,334 184,308 SH   SOLE 1 184,308 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 3,102 757,920 SH   SOLE 1 757,920 0 0
ENERPLUS CORP COM 292766102 11,415 1,427,640 SH   SOLE 1 1,427,640 0 0
EQUIFAX INC COM 294429105 1,267 5,000 SH   SOLE 1 5,000 0 0
ERO COPPER CORP COM 296006109 2,174 122,730 SH   SOLE 1 122,730 0 0
FIRSTSERVICE CORP NEW COM 33767E202 4,296 23,790 SH   SOLE 1 23,790 0 0
FIRSTSERVICE CORP NEW COM 33767E202 90 500 SH   SOLE _ 500 0 0
FRANCO NEV CORP COM 351858105 5,190 40,000 SH   SOLE 1 40,000 0 0
GENERAC HLDGS INC COM 368736104 870 2,130 SH   SOLE 1 2,130 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104 6,506 175,150 SH   SOLE 1 175,150 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104 94 2,520 SH   SOLE _ 2,520 0 0
GILDAN ACTIVEWEAR INC COM 375916103 2,551 69,900 SH   SOLE 1 69,900 0 0
GILDAN ACTIVEWEAR INC COM 375916103 85 2,320 SH   SOLE _ 2,320 0 0
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 5,683 80,000 SH   SOLE 1 80,000 0 0
HERC HLDGS INC COM 42704L104 1,635 10,000 SH   SOLE 1 10,000 0 0
HILTON GRAND VACATIONS INC COM 43283X105 714 15,000 SH   SOLE 1 15,000 0 0
KIRKLAND LAKE GOLD LTD COM 49741E100 6,726 161,700 SH   SOLE 1 161,700 0 0
LAUDER ESTEE COS INC CL A 518439104 759 2,530 SH   SOLE 1 2,530 0 0
MAGNA INTL INC COM 559222401 2,008 26,711 SH   SOLE 1 26,711 0 0
MANULIFE FINL CORP COM 56501R106 2,777 144,451 SH   SOLE 1 144,451 0 0
MARRIOTT VACATIONS WORLDWIDE COM 57164Y107 2,360 15,000 SH   SOLE 1 15,000 0 0
MAVERIX METALS INC COM NEW 57776F405 1,388 310,460 SH   SOLE 1 310,460 0 0
MCDONALDS CORP COM 580135101 3,617 15,000 SH   SOLE 1 15,000 0 0
METHANEX CORP COM 59151K108 1,770 38,460 SH   SOLE 1 38,460 0 0
MOSAIC CO NEW COM 61945C103 1,250 35,000 SH   SOLE 1 35,000 0 0
NEXGEN ENERGY LTD COM 65340P106 2,136 450,000 SH   SOLE 1 450,000 0 0
NUTRIEN LTD COM 67077M108 3,604 55,595 SH   SOLE 1 55,595 0 0
OPEN TEXT CORP COM 683715106 2,201 45,150 SH   SOLE 1 45,150 0 0
OPEN TEXT CORP COM 683715106 127 2,600 SH   SOLE _ 2,600 0 0
OREILLY AUTOMOTIVE INC COM 67103H107 4,888 8,000 SH   SOLE 1 8,000 0 0
PRECISION DRILLING CORP COM NEW 74022D407 7,959 197,130 SH   SOLE 1 197,130 0 0
PROFOUND MED CORP COM NEW 74319B502 1,962 134,570 SH   SOLE 1 134,570 0 0
PROFOUND MED CORP COM NEW 74319B502 57 3,900 SH   SOLE _ 3,900 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 3,924 64,130 SH   SOLE 1 64,130 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 165 2,700 SH   SOLE _ 2,700 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 6,838 146,600 SH   SOLE 1 146,600 0 0
ROYAL BK CDA COM 780087102 15,244 153,386 SH   SOLE 1 153,386 0 0
SEAWORLD ENTMT INC COM 81282V100 1,124 20,320 SH   SOLE 1 20,320 0 0
SHOPIFY INC CL A 82509L107 12,462 9,192 SH   SOLE 1 9,192 0 0
SHOPIFY INC CL A 82509L107 176 130 SH   SOLE _ 130 0 0
SILVERCREST METALS INC COM 828363101 2,950 422,690 SH   SOLE 1 422,690 0 0
SPIRIT AIRLS INC COM 848577102 1,556 60,000 SH   SOLE 1 60,000 0 0
SSR MNG INC COM 784730103 1,453 100,000 SH   SOLE 1 100,000 0 0
STANTEC INC COM 85472N109 4,777 101,820 SH   SOLE 1 101,820 0 0
STANTEC INC COM 85472N109 174 3,700 SH   SOLE _ 3,700 0 0
STRYKER CORPORATION COM 863667101 3,956 15,000 SH   SOLE 1 15,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 5,665 273,525 SH   SOLE 1 273,525 0 0
TC ENERGY CORP COM 87807B107 3,876 80,635 SH   SOLE 1 80,635 0 0
TECK RESOURCES LTD CL B 878742204 3,009 121,010 SH   SOLE 1 121,010 0 0
TELUS INTL CDA INC SUB VTG SHS 87975H100 600 17,140 SH   SOLE 1 17,140 0 0
TELUS INTL CDA INC SUB VTG SHS 87975H100 19 550 SH   SOLE _ 550 0 0
THOMSON REUTERS CORP. COM NEW 884903709 1,572 14,230 SH   SOLE 1 14,230 0 0
TJX COS INC NEW COM 872540109 495 7,500 SH   SOLE 1 7,500 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 9,291 140,522 SH   SOLE 1 140,522 0 0
TRANSALTA CORP COM 89346D107 2,542 240,910 SH   SOLE 1 240,910 0 0
ULTA BEAUTY INC COM 90384S303 1,274 3,530 SH   SOLE 1 3,530 0 0
UNITED RENTALS INC COM 911363109 3,509 10,000 SH   SOLE 1 10,000 0 0
UNIVERSAL LOGISTICS HLDGS IN COM 91388P105 609 30,308 SH   SOLE 1 30,308 0 0
VULCAN MATLS CO COM 929160109 518 3,060 SH   SOLE 1 3,060 0 0
WEST FRASER TIMBER CO LTD COM 952845105 2,948 35,000 SH   SOLE 1 35,000 0 0
WEST FRASER TIMBER CO LTD COM 952845105 93 1,100 SH   SOLE _ 1,100 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 552 14,670 SH   SOLE 1 14,670 0 0