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
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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$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Apple Inc. CS 037833100 12,089 20,323 SH   SOLE   20,323 0 0
Bank of Nova Scotia CS 064149107 13,208 198,934 SH   SOLE   198,934 0 0
BCE Inc. CS 05534B760 10,912 237,215 SH   SOLE   237,215 0 0
Bed Bath and Beyond Inc CS 075896100 5,816 68,340 SH   SOLE   68,340 0 0
Brookfield Asset Management CS 112585104 11,608 282,024 SH   SOLE   282,024 0 0
Brookfield Infrast. Partners LP C$ CS G16252101 11,792 283,244 SH   SOLE   283,244 0 0
Canadian Natural Resources CS 136385101 5,844 162,776 SH   SOLE   162,776 0 0
Cisco Systems CS 17275R102 2,999 126,445 SH   SOLE   126,445 0 0
CSX Corp CS 126408103 6,545 214,400 SH   SOLE   214,400 0 0
DIRECTV CS 25490A309 5,774 78,795 SH   SOLE   78,795 0 0
Dr Pepper Snapple Group CS 26138E109 4,462 86,500 SH   SOLE   86,500 0 0
Energizer Holdings Inc CS 29266R108 4,558 39,800 SH   SOLE   39,800 0 0
General Motors Company CS 37045V100 9,169 211,490 SH   SOLE   211,490 0 0
Goldman Sachs Group Inc CS 38141G104 5,898 31,450 SH   SOLE   31,450 0 0
JP Morgan Chase & Co CS 46625H100 10,060 162,130 SH   SOLE   162,130 0 0
Magna International Cl A CS 559222401 9,340 107,243 SH   SOLE   107,243 0 0
Methanex Corp. CS 59151K108 7,860 125,415 SH   SOLE   125,415 0 0
Microsoft Corp. CS 594918104 5,995 151,534 SH   SOLE   151,534 0 0
Molson Coors Brewing Cls. B CS 60871R209 5,525 92,878 SH   SOLE   92,878 0 0
Neenah Paper CS 640079109 1,944 42,885 SH   SOLE   42,885 0 0
Oracle CS 68389X105 9,718 239,465 SH   SOLE   239,465 0 0
Pembina Pipeline Corp CS 706327103 9,111 243,489 SH   SOLE   243,489 0 0
Progressive Waste Solutions CS 74339G101 7,294 277,874 SH   SOLE   277,874 0 0
Qualcomm Inc CS 747525103 6,891 87,360 SH   SOLE   87,360 0 0
Rogers Communications Inc. Cls B CS 775109200 11,046 229,890 SH   SOLE   229,890 0 0
Royal Bank of Canada CS 780087102 855 11,997 SH   SOLE   11,997 0 0
Staples Inc. CS 855030102 5,517 327,100 SH   SOLE   327,100 0 0
Suncor Energy CS 867224107 7,001 188,139 SH   SOLE   188,139 0 0
Telus Corp. CS 87971M103 7,690 210,412 SH   SOLE   210,412 0 0
Teva Pharmaceuticals CS 881624209 3,198 75,345 SH   SOLE   75,345 0 0
Tim Hortons CS 88706M103 8,746 141,324 SH   SOLE   141,324 0 0
Toronto Dominion Bank CS 891160509 8,870 88,626 SH   SOLE   88,626 0 0
TransCanada Corp. CS 89353D107 7,353 151,645 SH   SOLE   151,645 0 0
Viacom Inc CS 92553P201 9,071 97,855 SH   SOLE   97,855 0 0
Zimmer Holdings Inc. CS 98956P102 7,022 70,885 SH   SOLE   70,885 0 0