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 19,020 255,500 SH   SOLE   255,500 0 0
COMCAST CORP COM 20030N101 22,477 484,405 SH   SOLE   484,405 0 0
ENERPLUS RESOURCES COM 292766102 343 20,102 SH   SOLE   20,102 0 0
EXXON MOBIL CORP. COM 30231G102 407 4,600 SH   SOLE   4,600 0 0
GOLDCORP INC COM 380956409 8,713 325,100 SH   SOLE   325,100 0 0
HUDBAY MINERALS INC. COM 443628102 20,372 2,416,600 SH   SOLE   2,416,600 0 0
KANSAS CITY SOUTHERN COM 485170302 304 2,700 SH   SOLE   2,700 0 0
MAGNA INTERNATIONAL COM 559222401 32,674 384,632 SH   SOLE   384,632 0 0
MANULIFE FINANCIAL CORP. COM 56501R106 21,572 1,265,950 SH   SOLE   1,265,950 0 0
MITSUBISHI UFJ FINANCIAL GROUP SPONSORER ADR 606816106 13,771 2,088,900 SH   SOLE   2,088,900 0 0
PFIZER INC. COM 717081103 529 17,900 SH   SOLE   17,900 0 0
ROCKWELL AUTOMATION INC. COM 773903109 15,899 144,550 SH   SOLE   144,550 0 0
ROYAL BANK OF CANADA COM 780087102 822 12,449 SH   SOLE   12,449 0 0
SUNCOR ENERGY INC COM COM 867224107 16,873 458,142 SH   SOLE   458,142 0 0
SYNGENTA AG-ADR SPONSORER ADR 87160A100 443 5,300 SH   SOLE   5,300 0 0
TELUS CORP COM 87971M103 8,006 234,500 SH   SOLE   234,500 0 0
TEXAS INSTRUMENTS INC. COM 882508104 23,276 561,700 SH   SOLE   561,700 0 0
THE WALT DISNEY COMPANY COM 254687106 20,683 311,825 SH   SOLE   311,825 0 0
THOMSON REUTERS CORP. COM 884903105 21,350 592,725 SH   SOLE   592,725 0 0
TIM HORTONS INC. COM 88706M103 19,063 319,100 SH   SOLE   319,100 0 0
TIME WARNER CABLE INC. COM 88732J207 367 3,200 SH   SOLE   3,200 0 0
TORONTO DOMINION BANK COM 891160509 20,298 218,871 SH   SOLE   218,871 0 0
TRANSCANADA CORP. COM 89353D107 16,448 363,500 SH   SOLE   363,500 0 0
U.S. BANCORP COM 902973304 357 9,500 SH   SOLE   9,500 0 0
WADDELL & REED FINANCIAL COM 930059100 641 12,100 SH   SOLE   12,100 0 0
WELLS FARGO CORP COM 949746101 21,752 511,850 SH   SOLE   511,850 0 0