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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M CO COM 88579Y101   12,299 112,500 SH   SOLE   112,500 0 0
AFLAC INC COM 001055102   3,773 45,730 SH   SOLE   45,730 0 0
AGNICO EAGLE MINES LTD COM 008474108   15,879 288,206 SH   SOLE   288,206 0 0
ALGONQUIN POWER & UTILITIES COM 015857105   846 133,510 SH   SOLE   133,510 0 0
ALIBABA GROUP HOLDING-SP ADR COM 01609W102   5,715 73,737 SH   SOLE   73,737 0 0
ALPHABET INC-CL A COM 02079K305   24,456 175,070 SH   SOLE   175,070 0 0
AMAZON.COM INC COM 023135106   13,760 90,560 SH   SOLE   90,560 0 0
AMERICAN EXPRESS CO COM 025816109   2,160 11,530 SH   SOLE   11,530 0 0
AUTOZONE INC COM 053332102   7,770 3,005 SH   SOLE   3,005 0 0
BANK OF AMERICA CORP COM 060505104   15,174 450,655 SH   SOLE   450,655 0 0
BANK OF NOVA SCOTIA COM 064149107   14,061 287,452 SH   SOLE   287,452 0 0
BANK OZK COM 06417N103   10,670 214,130 SH   SOLE   214,130 0 0
BERKSHIRE HATHAWAY INC-CL B CL B 084670702   3,875 10,866 SH   SOLE   10,866 0 0
BOSTON BEER COMPANY INC-A COM 100557107   7,278 21,060 SH   SOLE   21,060 0 0
BROOKFIELD ASSET MGMT-A COM 113004105   27,198 673,860 SH   SOLE   673,860 0 0
BROOKFIELD CORP COM 11271J107   26,045 646,162 SH   SOLE   646,162 0 0
CANADIAN NATL RAILWAY CO COM 136375102   44,345 351,085 SH   SOLE   351,085 0 0
CANADIAN NATURAL RESOURCES COM 136385101   20,942 318,103 SH   SOLE   318,103 0 0
CANADIAN PACIFIC KANSAS CITY COM 13646K108   19,165 241,040 SH   SOLE   241,040 0 0
CENTENE CORP COM 15135B101   22,655 305,277 SH   SOLE   305,277 0 0
CGI INC COM 12532H104   66,480 617,544 SH   SOLE   617,544 0 0
CHEVRON CORP COM 166764100   3,444 23,087 SH   SOLE   23,087 0 0
CUMMINS INC COM 231021106   4,759 19,865 SH   SOLE   19,865 0 0
CURTISS-WRIGHT CORP COM 231561101   884 3,970 SH   SOLE   3,970 0 0
DARDEN RESTAURANTS INC COM 237194105   5,628 34,252 SH   SOLE   34,252 0 0
ENBRIDGE INC COM 29250N105   43,167 1,193,280 SH   SOLE   1,193,280 0 0
EOG RESOURCES INC COM 26875P101   7,250 59,940 SH   SOLE   59,940 0 0
EXXON MOBIL CORP COM 30231G102   4,195 41,961 SH   SOLE   41,961 0 0
FORTIS INC COM 349553107   42,014 1,016,319 SH   SOLE   1,016,319 0 0
HOME DEPOT INC COM 437076102   3,717 10,727 SH   SOLE   10,727 0 0
HORMEL FOODS CORP COM 440452100   9,933 309,330 SH   SOLE   309,330 0 0
IMPERIAL OIL LTD COM 453038408   30,116 526,108 SH   SOLE   526,108 0 0
JOHNSON & JOHNSON COM 478160104   15,635 99,750 SH   SOLE   99,750 0 0
JPMORGAN CHASE & CO COM 46625H100   7,389 43,440 SH   SOLE   43,440 0 0
LENNOX INTERNATIONAL INC COM 526107107   9,899 22,119 SH   SOLE   22,119 0 0
MAGNA INTERNATIONAL INC COM 559222401   39,202 660,256 SH   SOLE   660,256 0 0
MCKESSON CORP COM 58155Q103   3,564 7,699 SH   SOLE   7,699 0 0
MERCK & CO. INC. COM 58933Y105   4,530 41,552 SH   SOLE   41,552 0 0
METHODE ELECTRONICS INC COM 591520200   143 6,280 SH   SOLE   6,280 0 0
MICRON TECHNOLOGY INC COM 595112103   16,352 191,610 SH   SOLE   191,610 0 0
NATIONAL RESEARCH CORP COM 637372202   15,630 395,102 SH   SOLE   395,102 0 0
NETFLIX INC COM 64110L106   8,024 16,480 SH   SOLE   16,480 0 0
NOVO-NORDISK A/S-SPONS ADR COM 670100205   2,406 23,254 SH   SOLE   23,254 0 0
NUTRIEN LTD COM 67077M108   27,382 483,671 SH   SOLE   483,671 0 0
NV5 GLOBAL INC COM 62945V109   481 4,330 SH   SOLE   4,330 0 0
ORACLE CORP COM 68389X105   4,981 47,245 SH   SOLE   47,245 0 0
PACCAR INC COM 693718108   7,104 72,745 SH   SOLE   72,745 0 0
PEPSICO INC COM 713448108   3,610 21,255 SH   SOLE   21,255 0 0
RB GLOBAL INC COM 74935Q107   22,837 339,601 SH   SOLE   339,601 0 0
ROSS STORES INC COM 778296103   12,621 91,200 SH   SOLE   91,200 0 0
ROYAL BANK OF CANADA COM 780087102   59,709 587,553 SH   SOLE   587,553 0 0
SITIO ROYALTIES CORP-A COM 82983N108   1,006 42,796 SH   SOLE   42,796 0 0
STANTEC INC COM 85472N109   19,180 237,735 SH   SOLE   237,735 0 0
STARBUCKS CORP COM 855244109   12,430 129,470 SH   SOLE   129,470 0 0
SUN LIFE FINANCIAL INC COM 866796105   55,861 1,071,864 SH   SOLE   1,071,864 0 0
TC ENERGY CORP COM 87807B107   36,505 929,972 SH   SOLE   929,972 0 0
TELUS INTERNATIONAL CDA INC COM 87975H100   11,694 1,354,953 SH   SOLE   1,354,953 0 0
TFI INTERNATIONAL INC COM 87241L109   43,298 316,759 SH   SOLE   316,759 0 0
THOR INDUSTRIES INC COM 885160101   6,266 52,986 SH   SOLE   52,986 0 0
TORONTO-DOMINION BANK COM 891160509   49,752 766,204 SH   SOLE   766,204 0 0
UNILEVER PLC-SPONSORED ADR COM 904767704   15,445 318,584 SH   SOLE   318,584 0 0
UNION PACIFIC CORP COM 907818108   13,077 53,241 SH   SOLE   53,241 0 0
UNITEDHEALTH GROUP INC COM 91324P102   25,799 49,004 SH   SOLE   49,004 0 0
VERIZON COMMUNICATIONS INC COM 92343V104   14,918 395,710 SH   SOLE   395,710 0 0
WALT DISNEY CO/THE COM 254687106   10,238 113,390 SH   SOLE   113,390 0 0
WELLS FARGO & CO COM 949746101   13,069 265,527 SH   SOLE   265,527 0 0