AGNICO EAGLE MINES LTD COM 008474108 18831419 92960 SH SOLE 92960 0 0 ALPHABET INC CAP STK CL A 02079K305 10668476 37100 SH SOLE 37100 0 0 AMERCIAN ELEC PWR CO INC COM 025537101 22906230 174750 SH SOLE 174750 0 0 AUTOMATIC DATA PROCESSING IN COM 053015103 11472559 56465 SH SOLE 56465 0 0 CAE INC COM 124765108 9779322 376350 SH SOLE 376350 0 0 CANADIAN NAT RES LTD COM 136385101 13683728 281075 SH SOLE 281075 0 0 CANADIAN PACIFIC KANSAS CITY COM 13646K108 9174857 116825 SH SOLE 116825 0 0 DENISON MINES CORP COM 248356107 353684 100000 SH SOLE 100000 0 0 EXXON MOBIL CORP COM 30231G102 436875 2575 SH SOLE 2575 0 0 FIFTH THIRD BANCORP COM 316773100 543582 11700 SH SOLE 11700 0 0 HUDBAY MINERALS INC COM 443628102 3825433 183050 SH SOLE 183050 0 0 KIMBERLY-CLARK CORP COM 494368103 10172762 105450 SH SOLE 105450 0 0 MANULIFE FINL CORP COM 56501R106 15694490 456500 SH SOLE 456500 0 0 MICROSOFT CORP COM 594918104 10422136 28155 SH SOLE 28155 0 0 NEWMONT CORP COM 651639106 579138 5350 SH SOLE 5350 0 0 ONEOK INC NEW COM 682680103 750237 8300 SH SOLE 8300 0 0 ORIGIN MATERIALS INC *W EXP 06/25/202 68622D114 42 16600 SH SOLE 16600 0 0 ROYAL BK CDA COM 780087102 13309850 82500 SH SOLE 82500 0 0 SOUTH BOW CORP COM 83671M105 11196737 337200 SH SOLE 337200 0 0 TC ENERGY CORP COM 87807B107 18296600 292775 SH SOLE 292775 0 0 TECK RESOURCES LTD CL B 878742204 11671831 225650 SH SOLE 225650 0 0 TELUS CORPORATION COM 87971M103 14827098 1155900 SH SOLE 1155900 0 0 THERMO FISHER SCIENTIFIC INC COM 883556102 221189 450 SH SOLE 450 0 0 THOMSON REUTERS CORP COM 884903808 11817901 131200 SH SOLE 131200 0 0 TORONTO DOMINION BK ONT COM NEW 891160509 22681707 243350 SH SOLE 243350 0 0 UNION PAC CORP COM 907818108 236555 975 SH SOLE 975 0 0 VERISK ANALYTICS INC COM 92345Y106 559763 2950 SH SOLE 2950 0 0 VERIZON COMMUNICATIONS INC COM 92343V104 24093490 479950 SH SOLE 479950 0 0 ZOETIS INC CL A 98978V103 6995077 59175 SH SOLE 59175 0 0