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
Abbott Laboratories CS 002824100 537 11,200 SH   SOLE   11,200 0 0
Agrium Inc. CS 008916108 163 1,773 SH   SOLE   1,773 0 0
Archer-Daniels-Midland Co CS 039483102 966 32,100 SH   SOLE   32,100 0 0
Bank of Nova Scotia CS 064149107 8,750 152,313 SH   SOLE   152,313 0 0
Barrick Gold Corp CS 067901108 6,077 113,710 SH   SOLE   113,710 0 0
BCE Inc. CS 05534B760 8,075 227,134 SH   SOLE   227,134 0 0
Brookfield Asset Management CS 112585104 6,800 203,605 SH   SOLE   203,605 0 0
Cameco Corp. CS 13321L108 6,644 163,876 SH   SOLE   163,876 0 0
Canadian Natural Resources CS 136385101 6,772 151,782 SH   SOLE   151,782 0 0
Canadian Pacific Railway CS 13645T100 3,783 58,185 SH   SOLE   58,185 0 0
Cisco Systems CS 17275R102 1,004 49,650 SH   SOLE   49,650 0 0
IESI-BFC Ltd. CS 44951D108 4,203 172,696 SH   SOLE   172,696 0 0
Kraft Foods Inc. Cls. A CS 50075N104 328 10,400 SH   SOLE   10,400 0 0
Manulife Financial Corp. CS 56501R106 3,274 189,754 SH   SOLE   189,754 0 0
Methanex Corp. CS 59151K108 3,782 124,269 SH   SOLE   124,269 0 0
Microsoft Corp. CS 594918104 2,164 77,550 SH   SOLE   77,550 0 0
Northern Dynasty Minerals CS 66510M204 288 20,000 SH   SOLE   20,000 0 0
Potash Corp. Sask CS 73755L107 5,550 35,717 SH   SOLE   35,717 0 0
Royal Bank of Canada CS 780087102 4,976 94,537 SH   SOLE   94,537 0 0
Suncor Energy CS 867224107 6,269 162,782 SH   SOLE   162,782 0 0
Talisman Energy CS 87425E103 4,477 201,166 SH   SOLE   201,166 0 0
Teck Resources Limited CS 878742204 875 14,077 SH   SOLE   14,077 0 0
Thompson Creek Metals CS 884768102 1,960 133,425 SH   SOLE   133,425 0 0
Tim Hortons CS 88706M103 5,011 121,179 SH   SOLE   121,179 0 0
Toronto Dominion Bank CS 891160509 863 11,553 SH   SOLE   11,553 0 0
TransCanada Corp. CS 89353D107 8,886 232,499 SH   SOLE   232,499 0 0