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
ROYAL BANK OF CANADA COM 780087102   32,659,168 321,376 SH   OTR 1 313,902 7,474 0
CANADIAN IMPERIAL BANK OF COMMERCE COM 136069101   24,817,548 512,922 SH   OTR 1 500,899 12,023 0
CANADIAN NATURAL RESOURCES LTD COM 136385101   29,719,485 451,424 SH   OTR 1 440,615 10,809 0
CENOVUS ENERGY INC COM 15135U109   25,435,283 1,518,975 SH   OTR 1 1,482,376 36,599 0
CAE INC COM 124765108   22,331,682 1,029,600 SH   OTR 1 1,004,788 24,812 0
MANULIFE FINANCIAL CORP COM 56501R106   29,839,105 1,343,779 SH   OTR 1 1,311,394 32,385 0
TORONTO DOMINION BANK COM NEW 891160509   33,640,227 518,080 SH   OTR 1 505,463 12,617 0
ENBRIDGE INC COM 29250N105   12,710,496 351,364 SH   OTR 1 342,897 8,467 0
CGI INC CL A SUB VTG 12532H104   24,901,532 231,315 SH   OTR 1 225,740 5,575 0
NUTRIEN LTD COM 67077M108   24,067,913 425,130 SH   OTR 1 414,895 10,235 0
RESTAURANT BRANDS INTERNATIONAL INC. COM 76131D103   29,502,199 375,752 SH   OTR 1 366,895 8,857 0
CANADIAN PACIFIC KANSAS CITY LTD COM 13646K108   36,181,722 455,067 SH   OTR 1 444,244 10,823 0
AGNICO EAGLE MINES LTD COM 008474108   25,514,328 463,086 SH   OTR 1 451,927 11,159 0
ALPHABET INC CLASS C CAP STK CL C 02079K107   313,569 2,225 SH   SOLE   2,225 0 0
ING GROEP NV - ADR SPONSORED ADR 456837103   874,284 58,208 SH   SOLE   58,208 0 0
OSHKOSH CORP. COM 688239201   5,258,861 48,509 SH   SOLE   48,509 0 0
BERKSHIRE HATHAWAY INC. - CL B CL B NEW 084670702   1,280,409 3,590 SH   SOLE   3,590 0 0
WABTEC CORP COM 929740108   844,900 6,658 SH   SOLE   6,658 0 0
VAIL RESORTS INC. COM 91879Q109   3,931,690 18,418 SH   SOLE   18,418 0 0
GENERAC HOLDINGS INC COM 368736104   4,958,034 38,363 SH   SOLE   38,363 0 0
MICROSOFT CORP COM 594918104   773,890 2,058 SH   SOLE   2,058 0 0
DISNEY COMPANY COM 254687106   262,112 2,903 SH   SOLE   2,903 0 0
CENOVUS ENERGY INC - WARRANT *W EXP 01/01/202 15135U117   715,117 60,875 SH   SOLE   60,875 0 0
PRO SHARES ULTRA PRO SHORT ETF ULTRAPRO SHT QQQ 74347G432   134,500 10,000 SH   SOLE   10,000 0 0
VF CORP COM 918204108   1,537,069 81,759 SH   SOLE   81,759 0 0
HENRY SCHEIN INC. COM 806407102   3,291,568 43,476 SH   SOLE   43,476 0 0
NIKE INC CL B 654106103   289,882 2,670 SH   SOLE   2,670 0 0
COLGATE PALMOLIVE CO COM 194162103   95,652 1,200 SH   SOLE   1,200 0 0
JPMORGAN CHASE & CO COM 46625H100   979,776 5,760 SH   SOLE   5,760 0 0
CANADIAN NATIONAL RAILWAY CO COM 136375102   277,878 2,200 SH   SOLE   2,200 0 0
APPLE INC. COM 037833100   2,434,927 12,647 SH   SOLE   12,647 0 0
DIAGEO PLC - SPONSORED ADR SPONSORED ADR 25243Q205   1,822,644 12,513 SH   SOLE   12,513 0 0
TARGET CORP COM 87612E106   1,422,776 9,990 SH   SOLE   9,990 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102   849,795 1,601 SH   SOLE   1,601 0 0
TRUIST FINANCIAL CORP COM 89832Q109   1,320,185 35,758 SH   SOLE   35,758 0 0
ALPHABET INC CLASS A CAP STK CL A 02079K305   586,698 4,200 SH   SOLE   4,200 0 0