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
AUTOMATIC DATA PROCESSING INC. COM 053015103 17,637 256,150 SH   SOLE   256,150 0 0
COMCAST CORP CL A 20030N101 20,164 483,005 SH   SOLE   483,005 0 0
ENERPLUS RESOURCES COM 292766102 296 20,000 SH   SOLE   20,000 0 0
EXXON MOBIL CORP. COM 30231G102 415 4,600 SH   SOLE   4,600 0 0
GOLDCORP INC COM 380956409 7,976 321,200 SH   SOLE   321,200 0 0
HUDBAY MINERALS INC. COM 443628102 13,009 1,966,300 SH   SOLE   1,966,300 0 0
KANSAS CITY SOUTHERN COM NEW 485170302 392 3,700 SH   SOLE   3,700 0 0
MAGNA INTERNATIONAL COM 559222401 27,497 386,400 SH   SOLE   386,400 0 0
MANULIFE FINANCIAL CORP. COM 56501R106 20,195 1,262,250 SH   SOLE   1,262,250 0 0
MITSUBISHI UFJ FINANCIAL GROUP SPONSORED ADR 606816106 12,845 2,068,700 SH   SOLE   2,068,700 0 0
PFIZER INC. COM 717081103 501 17,900 SH   SOLE   17,900 0 0
ROCKWELL AUTOMATION INC. COM 773903109 11,959 143,850 SH   SOLE   143,850 0 0
ROYAL BANK OF CANADA COM 780087102 719 12,331 SH   SOLE   12,331 0 0
SUNCOR ENERGY INC COM COM 867224107 13,341 452,695 SH   SOLE   452,695 0 0
SYNGENTA AG-ADR SPONSORED ADR 87160A100 413 5,300 SH   SOLE   5,300 0 0
TELUS CORP COM 87971M103 6,729 230,600 SH   SOLE   230,600 0 0
TEXAS INSTRUMENTS INC. COM 882508104 19,647 563,800 SH   SOLE   563,800 0 0
THE WALT DISNEY COMPANY COM DISNEY 254687106 19,457 308,125 SH   SOLE   308,125 0 0
THOMSON REUTERS CORP. COM 884903105 19,125 586,225 SH   SOLE   586,225 0 0
TIM HORTONS INC. COM 88706M103 17,151 317,200 SH   SOLE   317,200 0 0
TIME WARNER CABLE INC. COM 88732J207 360 3,200 SH   SOLE   3,200 0 0
TORONTO DOMINION BANK COM NEW 891160509 17,416 216,895 SH   SOLE   216,895 0 0
TRANSCANADA CORP. COM 89353D107 15,048 349,600 SH   SOLE   349,600 0 0
U.S. BANCORP COM NEW 902973304 343 9,500 SH   SOLE   9,500 0 0
WADDELL & REED FINANCIAL COM CL A 930059100 527 12,100 SH   SOLE   12,100 0 0
WELLS FARGO CORP COM 949746101 21,065 510,450 SH   SOLE   510,450 0 0