Addenda Capital Inc. Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$133,441,241	-1.7%	1,630,713	-1.4%	5.81%	+2.0%
CNQ	Buy	CANADIAN NAT RES LTD	$119,091,729	+23.2%	1,342,368	+4.7%	5.19%	+27.8%
RY	Sell	ROYAL BK CDA	$97,221,829	-7.1%	819,055	-1.0%	4.23%	-3.6%
BMO	Sell	BANK MONTREAL QUE	$85,266,426	-4.5%	744,165	-0.3%	3.71%	-0.9%
	Sell	CANADIAN PACIFIC KANSAS CITY	$83,865,185	-6.7%	829,118	-1.2%	3.65%	-3.3%
	Sell	BROOKFIELD CORPcl a ltd vt sh	$79,029,875	-5.9%	1,860,840	-1.2%	3.44%	-2.4%
ENB	Buy	ENBRIDGE INC	$74,209,874	-6.6%	1,647,278	+2.1%	3.23%	-3.1%
BNS	Sell	BANK NOVA SCOTIA HALIFAX	$72,451,603	-8.5%	1,169,712	-2.1%	3.16%	-5.1%
CNI	Sell	CANADIAN NATL RY CO	$65,709,222	-8.9%	446,728	-0.6%	2.86%	-5.5%
GIB	Sell	CGI INCcl a sub vtg	$57,879,135	-5.6%	432,321	-1.5%	2.52%	-2.1%
SHOP	Buy	SHOPIFY INCcl a	$54,051,396	+30.3%	729,045	+50.4%	2.35%	+35.1%
TRP	Sell	TC ENERGY CORP	$50,613,902	-13.6%	1,062,435	-1.3%	2.20%	-10.4%
FNV	Sell	FRANCO NEV CORP	$45,948,841	-18.0%	253,399	-14.6%	2.00%	-14.9%
NTR	Sell	NUTRIEN LTD	$45,927,913	+6.0%	542,907	-1.2%	2.00%	+10.0%
SU	Sell	SUNCOR ENERGY INC NEW	$45,527,256	+10.5%	974,679	-8.0%	1.98%	+14.6%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$43,172,521	-11.8%	820,262	+2.1%	1.88%	-8.5%
CCJ	Sell	CAMECO CORP	$42,183,421	+16.1%	782,769	-10.6%	1.84%	+20.5%
MFC	Sell	MANULIFE FINL CORP	$38,501,032	-2.1%	1,551,210	-1.2%	1.68%	+1.6%
WCN	Sell	WASTE CONNECTIONS INC	$36,640,139	-4.9%	200,911	-1.3%	1.60%	-1.4%
TECK	Sell	TECK RESOURCES LTDcl b	$35,966,755	+4.2%	615,237	-0.6%	1.57%	+8.1%
MSFT	Sell	MICROSOFT CORP	$34,289,503	-12.9%	108,597	-6.1%	1.49%	-9.7%
BCE	Buy	BCE INC	$33,273,891	-8.7%	630,664	+6.2%	1.45%	-5.2%
GOLD	Sell	BARRICK GOLD CORP	$32,576,499	-13.6%	1,651,115	-1.8%	1.42%	-10.4%
QSR	Buy	RESTAURANT BRANDS INTL INC	$31,674,156	-4.5%	347,331	+8.3%	1.38%	-1.0%
PBA	Sell	PEMBINA PIPELINE CORP	$26,792,469	-3.6%	656,035	-1.6%	1.17%	+0.1%
AAPL	Sell	APPLE INC	$24,578,394	-15.2%	143,557	-3.9%	1.07%	-12.0%
OTEX	Sell	OPEN TEXT CORP	$24,393,597	-15.9%	511,718	-2.8%	1.06%	-12.8%
DSGX	Sell	DESCARTES SYS GROUP INC	$23,639,888	-7.1%	237,134	-1.2%	1.03%	-3.7%
WPM	Sell	WHEATON PRECIOUS METALS CORP	$21,998,116	-50.7%	399,095	-48.7%	0.96%	-48.8%
AVGO	Sell	BROADCOM INC	$19,526,105	-16.3%	23,509	-12.5%	0.85%	-13.2%
GOOG	Sell	ALPHABET INCcap stk cl c	$19,478,069	+2.8%	147,729	-5.7%	0.85%	+6.7%
MGA	Sell	MAGNA INTL INC	$18,630,164	-6.3%	255,944	-3.7%	0.81%	-2.8%
V	Sell	VISA INC	$17,990,922	-4.5%	78,218	-1.4%	0.78%	-1.0%
CIGI	Sell	COLLIERS INTL GROUP INC	$14,932,423	-2.1%	115,442	-1.4%	0.65%	+1.6%
CVE	Buy	CENOVUS ENERGY INC	$14,768,664	+41.4%	522,230	+12.5%	0.64%	+46.8%
	Sell	BROOKFIELD ASSET MANAGMT LTD	$14,755,710	+3.6%	326,021	-1.0%	0.64%	+7.5%
NKE	Buy	NIKE INCcl b	$13,057,635	-4.9%	136,163	+9.8%	0.57%	-1.2%
PEP	Sell	PEPSICO INC	$12,498,911	-9.2%	73,766	-0.7%	0.54%	-5.7%
UNH	Buy	UNITEDHEALTH GROUP INC	$12,181,735	+10.6%	24,161	+5.4%	0.53%	+14.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$11,977,450	-4.2%	23,649	-1.2%	0.52%	-0.6%
TJX	Sell	TJX COS INC NEW	$11,582,397	+3.4%	130,315	-1.4%	0.50%	+7.2%
DIS	Buy	DISNEY WALT CO	$11,472,790	+9.0%	141,552	+20.0%	0.50%	+13.1%
CM	Sell	CANADIAN IMPERIAL BK COMM TO	$11,253,179	-8.1%	211,124	-1.0%	0.49%	-4.7%
ADBE	Sell	ADOBE INC	$11,083,186	+2.9%	21,736	-1.3%	0.48%	+6.9%
COST	Sell	COSTCO WHSL CORP NEW	$10,900,338	+3.5%	19,294	-1.4%	0.48%	+7.5%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$10,659,326	-13.6%	68,386	-0.6%	0.46%	-10.4%
GFL	Buy	GFL ENVIRONMENTAL INC	$10,589,493	-2.2%	245,525	+16.6%	0.46%	+1.3%
JNJ	Sell	JOHNSON & JOHNSON	$10,528,700	-12.4%	67,600	-6.9%	0.46%	-9.1%
CAE	Buy	CAE INC	$10,385,786	+8.3%	327,524	+1.2%	0.45%	+12.2%
JPM	Sell	JPMORGAN CHASE & CO	$9,865,711	-8.5%	68,030	-8.2%	0.43%	-4.9%
MEOH	Sell	METHANEX CORP	$9,843,915	+11.7%	160,822	-0.1%	0.43%	+15.9%
STN	Sell	STANTEC INC	$9,626,445	-14.9%	108,941	-16.5%	0.42%	-11.8%
BKNG	Sell	BOOKING HOLDINGS INC	$9,578,749	+1.5%	3,106	-11.1%	0.42%	+5.3%
	Buy	THOMSON REUTERS CORP.	$9,069,511	-3.7%	54,583	+3.6%	0.40%	0.0%
	Sell	RB GLOBAL INC	$8,958,114	+6.9%	105,340	-0.1%	0.39%	+10.8%
HON	Sell	HONEYWELL INTL INC	$8,830,387	-12.1%	47,799	-1.3%	0.38%	-8.8%
IQV	Sell	IQVIA HLDGS INC	$8,792,758	-13.5%	44,690	-1.2%	0.38%	-10.3%
FTS	Sell	FORTIS INC	$8,766,431	-9.8%	169,925	-0.2%	0.38%	-6.4%
TU	Buy	TELUS CORPORATION	$8,607,487	+4.6%	382,971	+21.3%	0.38%	+8.7%
INTU	Sell	INTUIT	$8,321,680	+10.0%	16,287	-1.4%	0.36%	+13.8%
SLF	Sell	SUN LIFE FINANCIAL INC.	$8,137,492	-4.7%	122,793	-0.7%	0.35%	-1.1%
GIL	Buy	GILDAN ACTIVEWEAR INC	$8,066,272	-10.1%	211,880	+0.8%	0.35%	-6.9%
FISV	Sell	FISERV INC	$8,030,439	-12.4%	71,091	-2.2%	0.35%	-9.1%
GPN	Buy	GLOBAL PMTS INC	$7,997,796	+27.2%	69,311	+8.6%	0.35%	+31.8%
SCHW	Buy	SCHWAB CHARLES CORP	$7,863,162	+10.3%	143,227	+13.8%	0.34%	+14.4%
VMW	Sell	VMWARE INC	$7,753,806	+14.5%	46,575	-1.2%	0.34%	+19.0%
NVDA	Sell	NVIDIA CORPORATION	$7,635,890	+2.6%	17,557	-0.1%	0.33%	+6.4%
FB	Sell	META PLATFORMS INCcl a	$7,596,600	+4.4%	25,322	-0.1%	0.33%	+8.5%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$7,577,597	+6.8%	42,161	-1.2%	0.33%	+10.7%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$7,498,392	+17.1%	70,381	-1.2%	0.33%	+21.6%
LOW	Sell	LOWES COS INC	$7,356,081	-9.2%	35,393	-1.4%	0.32%	-5.9%
MIDD	Buy	MIDDLEBY CORP	$7,191,936	-1.3%	56,187	+14.0%	0.31%	+2.3%
CAT	Sell	CATERPILLAR INC	$7,189,455	+10.8%	26,335	-0.1%	0.31%	+15.1%
FDX	Sell	FEDEX CORP	$7,165,471	-8.8%	26,900	-14.7%	0.31%	-5.5%
FTV	Sell	FORTIVE CORP	$7,137,678	-2.0%	96,247	-1.2%	0.31%	+1.6%
AMZN	Sell	AMAZON COM INC	$6,954,596	-2.5%	54,696	-0.1%	0.30%	+1.3%
CVS	Sell	CVS HEALTH CORP	$6,932,149	-0.2%	99,286	-1.2%	0.30%	+3.4%
BLL	Buy	BALL CORP	$6,888,357	+6.3%	138,376	+24.3%	0.30%	+10.3%
APH	Sell	AMPHENOL CORP NEWcl a	$6,892,895	-2.3%	81,894	-1.2%	0.30%	+1.4%
DD	Sell	DUPONT DE NEMOURS INC	$6,816,407	+4.3%	91,385	-0.1%	0.30%	+8.4%
HMC	Sell	HONDA MOTOR LTD	$6,791,950	+10.9%	201,901	-0.1%	0.30%	+15.2%
WMT	Sell	WALMART INC	$6,641,573	+1.7%	41,528	-0.1%	0.29%	+5.5%
GOOGL	Sell	ALPHABET INCcap stk cl a	$6,479,561	+9.2%	49,519	-0.1%	0.28%	+13.3%
CSCO	Sell	CISCO SYS INC	$6,375,825	+3.8%	118,620	-0.1%	0.28%	+7.8%
EMR	Sell	EMERSON ELEC CO	$6,357,879	+6.7%	65,837	-0.1%	0.28%	+10.8%
DHR	Sell	DANAHER CORPORATION	$6,256,090	+1.9%	25,216	-1.4%	0.27%	+5.4%
MRK	Sell	MERCK & CO INC	$6,009,187	-10.8%	57,965	-0.1%	0.26%	-7.4%
BDX	Sell	BECTON DICKINSON & CO	$5,975,404	-3.2%	23,113	-1.1%	0.26%	+0.4%
MA	Sell	MASTERCARD INCORPORATEDcl a	$5,970,719	+0.6%	15,081	-0.1%	0.26%	+4.4%
MCD	Sell	MCDONALDS CORP	$5,929,771	-11.8%	22,509	-0.1%	0.26%	-8.5%
PYPL	Buy	PAYPAL HLDGS INC	$5,849,924	+7.8%	100,050	+23.0%	0.26%	+11.8%
DEO	Buy	DIAGEO PLCspon adr new	$5,844,549	+9.5%	38,668	+25.7%	0.25%	+13.4%
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$5,842,232	+4.8%	41,641	-0.1%	0.25%	+8.5%
INTC	Sell	INTEL CORP	$5,818,740	+6.2%	163,862	-0.1%	0.25%	+10.0%
SBUX	Sell	STARBUCKS CORP	$5,678,724	-8.0%	62,236	-0.1%	0.25%	-4.6%
F	Sell	FORD MTR CO DEL	$5,627,452	-18.0%	453,096	-0.1%	0.24%	-14.9%
MDLZ	Sell	MONDELEZ INTL INCcl a	$5,551,461	-6.1%	79,578	-1.4%	0.24%	-2.4%
DOW	Sell	DOW INC	$5,460,359	-3.3%	105,903	-0.1%	0.24%	+0.4%
HD	Sell	HOME DEPOT INC	$5,373,009	-2.8%	17,782	-0.1%	0.23%	+0.9%
KO	Sell	COCA COLA CO	$5,348,288	-7.1%	94,772	-0.1%	0.23%	-3.7%
	Buy	LINDE PLC	$5,285,136	+12.1%	14,194	+14.7%	0.23%	+16.2%
MDT	Sell	MEDTRONIC PLC	$5,168,887	-11.1%	65,396	-0.1%	0.22%	-7.8%
PFE	Sell	PFIZER INC	$5,073,186	-9.7%	152,945	-0.1%	0.22%	-6.4%
BHP	Sell	BHP GROUP LTDsponsored ads	$5,044,346	-4.8%	88,684	-0.1%	0.22%	-0.9%
RIO	Sell	RIO TINTO PLCsponsored adr	$5,020,687	-0.4%	78,892	-0.1%	0.22%	+3.3%
IWM	Sell	ISHARES TRrussell 2000 etf	$4,976,340	-8.2%	28,050	-3.1%	0.22%	-4.4%
PG	Sell	PROCTER AND GAMBLE CO	$4,990,308	-4.0%	34,213	-0.1%	0.22%	-0.5%
CHD	Sell	CHURCH & DWIGHT CO INC	$4,951,044	-9.8%	54,033	-1.4%	0.22%	-6.1%
T	Sell	AT&T INC	$4,930,871	-5.9%	328,287	-0.1%	0.22%	-2.3%
SYK	Sell	STRYKER CORPORATION	$4,927,870	-11.7%	17,991	-1.4%	0.22%	-8.1%
DE	Sell	DEERE & CO	$4,816,435	-6.9%	12,718	-0.1%	0.21%	-3.2%
ABT	Sell	ABBOTT LABS	$4,774,124	-11.2%	49,294	-0.1%	0.21%	-8.0%
FFIV	Sell	F5 INC	$4,493,872	+8.8%	27,888	-1.2%	0.20%	+13.3%
RMD	New	RESMED INC	$4,395,436	–	29,725	–	0.19%	–
UNP	Sell	UNION PAC CORP	$4,210,865	-1.9%	20,679	-1.4%	0.18%	+1.7%
PNC	Sell	PNC FINL SVCS GROUP INC	$4,143,242	-3.9%	33,748	-1.4%	0.18%	-0.6%
	Sell	WARNER BROS DISCOVERY INC	$3,911,957	-14.5%	360,217	-1.3%	0.17%	-11.5%
GRPU	Buy	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$3,888,273	+0.4%	53,745	+9.2%	0.17%	+4.3%
MCO	Sell	MOODYS CORP	$3,059,261	-10.3%	9,676	-1.4%	0.13%	-7.0%
HRL	Sell	HORMEL FOODS CORP	$2,834,566	-6.7%	74,535	-1.4%	0.12%	-3.9%
TFII	Buy	TFI INTL INC	$1,740,386	+25.1%	9,950	+8.2%	0.08%	+31.0%
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,503,034	–	3,505	–	0.06%	–
	Buy	BRP INC	$1,054,618	-0.6%	10,240	+8.3%	0.05%	+2.2%
WAB	Sell	WABTEC	$961,850	-11.9%	9,051	-9.1%	0.04%	-8.7%
	Buy	LIGHTSPEED COMMERCE INC	$722,502	-7.8%	37,867	+8.3%	0.03%	-6.1%
TAP	Buy	MOLSON COORS BEVERAGE COcl b	$699,108	+4.1%	10,994	+7.8%	0.03%	+7.1%
AEM	Sell	AGNICO EAGLE MINES LTD	$691,079	-15.0%	11,197	-8.9%	0.03%	-11.8%
IMO	Sell	IMPERIAL OIL LTD	$591,770	+12.3%	7,030	-8.9%	0.03%	+18.2%
OR	Buy	OSISKO GOLD ROYALTIES LTD	$513,873	-15.1%	32,097	+8.3%	0.02%	-12.0%
	Buy	NUVEI CORPORATION	$405,526	-43.6%	19,908	+8.3%	0.02%	-40.0%
VSS	Exit	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$0	–	-14,563	–	-0.07%	–
VBK	Exit	VANGUARD INDEX FDSsml cp grw etf	$0	–	-9,500	–	-0.09%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-43,676	–	-0.15%	–

Q2 2023

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$135,732,835	–	1,653,061	–	5.70%	–
RY	New	ROYAL BK CDA	$104,652,030	–	827,158	–	4.39%	–
CNQ	New	CANADIAN NAT RES LTD	$96,660,912	–	1,282,313	–	4.06%	–
	New	CANADIAN PACIFIC KANSAS CITY	$89,926,759	–	838,947	–	3.78%	–
BMO	New	BANK MONTREAL QUE	$89,287,571	–	746,302	–	3.75%	–
	New	BROOKFIELD CORPcl a ltd vt sh	$84,021,003	–	1,883,879	–	3.53%	–
ENB	New	ENBRIDGE INC	$79,432,639	–	1,613,173	–	3.33%	–
BNS	New	BANK NOVA SCOTIA HALIFAX	$79,171,327	–	1,194,498	–	3.32%	–
CNI	New	CANADIAN NATL RY CO	$72,129,163	–	449,627	–	3.03%	–
GIB	New	CGI INCcl a sub vtg	$61,288,066	–	438,712	–	2.57%	–
TRP	New	TC ENERGY CORP	$58,604,104	–	1,075,893	–	2.46%	–
FNV	New	FRANCO NEV CORP	$56,036,731	–	296,789	–	2.35%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$48,946,024	–	803,202	–	2.05%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$44,590,812	–	778,335	–	1.87%	–
NTR	New	NUTRIEN LTD	$43,336,984	–	549,366	–	1.82%	–
SHOP	New	SHOPIFY INCcl a	$41,492,736	–	484,615	–	1.74%	–
SU	New	SUNCOR ENERGY INC NEW	$41,183,129	–	1,059,782	–	1.73%	–
MSFT	New	MICROSOFT CORP	$39,374,256	–	115,623	–	1.65%	–
MFC	New	MANULIFE FINL CORP	$39,316,481	–	1,570,147	–	1.65%	–
WCN	New	WASTE CONNECTIONS INC	$38,540,961	–	203,565	–	1.62%	–
GOLD	New	BARRICK GOLD CORP	$37,698,438	–	1,682,215	–	1.58%	–
BCE	New	BCE INC	$36,437,117	–	593,808	–	1.53%	–
CCJ	New	CAMECO CORP	$36,321,383	–	875,425	–	1.52%	–
TECK	New	TECK RESOURCES LTDcl b	$34,514,821	–	619,211	–	1.45%	–
QSR	New	RESTAURANT BRANDS INTL INC	$33,178,737	–	320,767	–	1.39%	–
OTEX	New	OPEN TEXT CORP	$29,017,203	–	526,628	–	1.22%	–
AAPL	New	APPLE INC	$28,977,372	–	149,391	–	1.22%	–
PBA	New	PEMBINA PIPELINE CORP	$27,778,676	–	666,955	–	1.17%	–
DSGX	New	DESCARTES SYS GROUP INC	$25,458,082	–	239,899	–	1.07%	–
AVGO	New	BROADCOM INC	$23,316,518	–	26,880	–	0.98%	–
MGA	New	MAGNA INTL INC	$19,877,836	–	265,782	–	0.83%	–
GOOG	New	ALPHABET INCcap stk cl c	$18,940,999	–	156,576	–	0.80%	–
V	New	VISA INC	$18,836,676	–	79,319	–	0.79%	–
CIGI	New	COLLIERS INTL GROUP INC	$15,245,201	–	117,092	–	0.64%	–
	New	BROOKFIELD ASSET MANAGMT LTD	$14,246,110	–	329,466	–	0.60%	–
PEP	New	PEPSICO INC	$13,757,771	–	74,278	–	0.58%	–
NKE	New	NIKE INCcl b	$13,730,032	–	124,047	–	0.58%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$12,499,107	–	23,942	–	0.52%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$12,338,136	–	68,832	–	0.52%	–
CM	New	CANADIAN IMPERIAL BK COMM TO	$12,241,124	–	213,184	–	0.51%	–
JNJ	New	JOHNSON & JOHNSON	$12,019,069	–	72,614	–	0.50%	–
STN	New	STANTEC INC	$11,307,754	–	130,446	–	0.48%	–
TJX	New	TJX COS INC NEW	$11,204,066	–	132,139	–	0.47%	–
UNH	New	UNITEDHEALTH GROUP INC	$11,014,346	–	22,916	–	0.46%	–
GFL	New	GFL ENVIRONMENTAL INC	$10,830,178	–	210,540	–	0.46%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$10,767,071	–	22,019	–	0.45%	–
JPM	New	JPMORGAN CHASE & CO	$10,779,576	–	74,117	–	0.45%	–
DIS	New	DISNEY WALT CO	$10,529,951	–	117,943	–	0.44%	–
COST	New	COSTCO WHSL CORP NEW	$10,532,866	–	19,564	–	0.44%	–
CVE	New	CENOVUS ENERGY INC	$10,442,025	–	464,090	–	0.44%	–
IQV	New	IQVIA HLDGS INC	$10,167,696	–	45,236	–	0.43%	–
HON	New	HONEYWELL INTL INC	$10,045,075	–	48,410	–	0.42%	–
FTS	New	FORTIS INC	$9,722,256	–	170,297	–	0.41%	–
CAE	New	CAE INC	$9,593,554	–	323,560	–	0.40%	–
BKNG	New	BOOKING HOLDINGS INC	$9,434,953	–	3,494	–	0.40%	–
	New	THOMSON REUTERS CORP.	$9,419,753	–	52,666	–	0.40%	–
FISV	New	FISERV INC	$9,170,727	–	72,697	–	0.38%	–
GIL	New	GILDAN ACTIVEWEAR INC	$8,975,592	–	210,152	–	0.38%	–
MEOH	New	METHANEX CORP	$8,816,205	–	161,056	–	0.37%	–
SLF	New	SUN LIFE FINANCIAL INC.	$8,539,683	–	123,656	–	0.36%	–
	New	RB GLOBAL INC	$8,382,321	–	105,438	–	0.35%	–
TU	New	TELUS CORPORATION	$8,229,122	–	315,650	–	0.34%	–
LOW	New	LOWES COS INC	$8,099,922	–	35,888	–	0.34%	–
FDX	New	FEDEX CORP	$7,858,822	–	31,541	–	0.33%	–
INTU	New	INTUIT	$7,567,008	–	16,515	–	0.32%	–
NVDA	New	NVIDIA CORPORATION	$7,439,530	–	17,573	–	0.31%	–
MIDD	New	MIDDLEBY CORP	$7,283,880	–	49,272	–	0.31%	–
FTV	New	FORTIVE CORP	$7,286,710	–	97,455	–	0.31%	–
FB	New	META PLATFORMS INCcl a	$7,273,508	–	25,345	–	0.30%	–
SCHW	New	SCHWAB CHARLES CORP	$7,131,931	–	125,828	–	0.30%	–
AMZN	New	AMAZON COM INC	$7,134,629	–	54,747	–	0.30%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$7,096,125	–	42,679	–	0.30%	–
APH	New	AMPHENOL CORP NEWcl a	$7,058,600	–	82,911	–	0.30%	–
CVS	New	CVS HEALTH CORP	$6,946,666	–	100,487	–	0.29%	–
F	New	FORD MTR CO DEL	$6,861,758	–	453,520	–	0.29%	–
VMW	New	VMWARE INC	$6,774,696	–	47,148	–	0.28%	–
MRK	New	MERCK & CO INC	$6,736,540	–	58,013	–	0.28%	–
MCD	New	MCDONALDS CORP	$6,723,177	–	22,530	–	0.28%	–
DD	New	DUPONT DE NEMOURS INC	$6,534,617	–	91,470	–	0.27%	–
WMT	New	WALMART INC	$6,533,501	–	41,567	–	0.27%	–
CAT	New	CATERPILLAR INC	$6,485,878	–	26,360	–	0.27%	–
BLL	New	BALL CORP	$6,479,122	–	111,306	–	0.27%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$6,402,339	–	71,240	–	0.27%	–
GPN	New	GLOBAL PMTS INC	$6,288,433	–	63,829	–	0.26%	–
BDX	New	BECTON DICKINSON & CO	$6,171,498	–	23,376	–	0.26%	–
SBUX	New	STARBUCKS CORP	$6,169,598	–	62,294	–	0.26%	–
CSCO	New	CISCO SYS INC	$6,139,580	–	118,731	–	0.26%	–
DHR	New	DANAHER CORPORATION	$6,142,428	–	25,569	–	0.26%	–
HMC	New	HONDA MOTOR LTD	$6,125,348	–	202,090	–	0.26%	–
EMR	New	EMERSON ELEC CO	$5,956,611	–	65,899	–	0.25%	–
GOOGL	New	ALPHABET INCcap stk cl a	$5,932,931	–	49,565	–	0.25%	–
MA	New	MASTERCARD INCORPORATEDcl a	$5,936,864	–	15,095	–	0.25%	–
MDLZ	New	MONDELEZ INTL INCcl a	$5,912,081	–	80,692	–	0.25%	–
MDT	New	MEDTRONIC PLC	$5,811,204	–	65,448	–	0.24%	–
KO	New	COCA COLA CO	$5,755,450	–	94,848	–	0.24%	–
DOW	New	DOW INC	$5,645,667	–	106,002	–	0.24%	–
PFE	New	PFIZER INC	$5,615,341	–	153,090	–	0.24%	–
SYK	New	STRYKER CORPORATION	$5,577,693	–	18,244	–	0.23%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$5,577,201	–	41,680	–	0.23%	–
HD	New	HOME DEPOT INC	$5,528,771	–	17,798	–	0.23%	–
CHD	New	CHURCH & DWIGHT CO INC	$5,491,201	–	54,786	–	0.23%	–
INTC	New	INTEL CORP	$5,481,381	–	164,015	–	0.23%	–
PYPL	New	PAYPAL HLDGS INC	$5,426,944	–	81,333	–	0.23%	–
IWM	New	ISHARES TRrussell 2000 etf	$5,419,151	–	28,950	–	0.23%	–
ABT	New	ABBOTT LABS	$5,379,047	–	49,340	–	0.23%	–
DEO	New	DIAGEO PLCspon adr new	$5,337,286	–	30,766	–	0.22%	–
BHP	New	BHP GROUP LTDsponsored ads	$5,296,727	–	88,767	–	0.22%	–
T	New	AT&T INC	$5,241,122	–	328,597	–	0.22%	–
PG	New	PROCTER AND GAMBLE CO	$5,196,336	–	34,245	–	0.22%	–
DE	New	DEERE & CO	$5,173,602	–	12,729	–	0.22%	–
RIO	New	RIO TINTO PLCsponsored adr	$5,041,189	–	78,966	–	0.21%	–
	New	LINDE PLC	$4,716,627	–	12,377	–	0.20%	–
	New	WARNER BROS DISCOVERY INC	$4,574,329	–	364,779	–	0.19%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,310,009	–	34,220	–	0.18%	–
UNP	New	UNION PAC CORP	$4,290,677	–	20,969	–	0.18%	–
FFIV	New	F5 INC	$4,129,212	–	28,232	–	0.17%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$3,870,991	–	49,220	–	0.16%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$3,507,192	–	43,676	–	0.15%	–
MCO	New	MOODYS CORP	$3,411,481	–	9,811	–	0.14%	–
HRL	New	HORMEL FOODS CORP	$3,039,747	–	75,578	–	0.13%	–
VBK	New	VANGUARD INDEX FDSsml cp grw etf	$2,182,530	–	9,500	–	0.09%	–
VSS	New	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$1,608,920	–	14,563	–	0.07%	–
TFII	New	TFI INTL INC	$1,391,606	–	9,192	–	0.06%	–
WAB	New	WABTEC	$1,091,984	–	9,957	–	0.05%	–
	New	BRP INC	$1,061,016	–	9,459	–	0.04%	–
AEM	New	AGNICO EAGLE MINES LTD	$813,447	–	12,297	–	0.03%	–
	New	LIGHTSPEED COMMERCE INC	$783,835	–	34,977	–	0.03%	–
	New	NUVEI CORPORATION	$719,378	–	18,389	–	0.03%	–
TAP	New	MOLSON COORS BEVERAGE COcl b	$671,436	–	10,198	–	0.03%	–
OR	New	OSISKO GOLD ROYALTIES LTD	$605,392	–	29,647	–	0.02%	–
COO	New	COOPER COS INC	$583,964	–	1,523	–	0.02%	–
IMO	New	IMPERIAL OIL LTD	$527,122	–	7,720	–	0.02%	–

Q4 2022

			Value		Shares		↓ Weighting
ERF	Exit	ENERPLUS CORP	$0	–	-11,060	–	-0.01%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-3,677	–	-0.01%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-18,620	–	-0.02%	–
TAP	Exit	MOLSON COORS BEVERAGE COcl b	$0	–	-9,166	–	-0.02%	–
OR	Exit	OSISKO GOLD ROYALTIES LTD	$0	–	-33,837	–	-0.02%	–
CIXX	Exit	CI FINL CORP	$0	–	-41,080	–	-0.02%	–
	Exit	NUVEI CORPORATION	$0	–	-15,149	–	-0.03%	–
	Exit	LIGHTSPEED COMMERCE INC	$0	–	-24,878	–	-0.03%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-11,280	–	-0.03%	–
COO	Exit	COOPER COS INC	$0	–	-3,223	–	-0.04%	–
	Exit	BRP INC	$0	–	-10,483	–	-0.04%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-17,021	–	-0.05%	–
TFII	Exit	TFI INTL INC	$0	–	-9,858	–	-0.06%	–
WAB	Exit	WABTEC	$0	–	-21,655	–	-0.08%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-70,620	–	-0.10%	–
LIN	Exit	LINDE PLC	$0	–	-8,757	–	-0.11%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-28,487	–	-0.12%	–
MCO	Exit	MOODYS CORP	$0	–	-10,823	–	-0.12%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC	$0	–	-225,848	–	-0.13%	–
GRPU	Exit	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$0	–	-43,060	–	-0.13%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-22,330	–	-0.17%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-83,328	–	-0.17%	–
T	Exit	AT&T INC	$0	–	-257,338	–	-0.18%	–
NVDA	Exit	NVIDIA CORPORATION	$0	–	-32,901	–	-0.18%	–
	Exit	WARNER BROS DISCOVERY INC	$0	–	-352,416	–	-0.18%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-51,949	–	-0.19%	–
FFIV	Exit	F5 INC	$0	–	-29,219	–	-0.19%	–
RIO	Exit	RIO TINTO PLCsponsored adr	$0	–	-76,730	–	-0.19%	–
CHD	Exit	CHURCH & DWIGHT CO INC	$0	–	-60,456	–	-0.20%	–
INTC	Exit	INTEL CORP	$0	–	-167,495	–	-0.20%	–
ABB	Exit	ABB LTDsponsored adr	$0	–	-168,529	–	-0.20%	–
MA	Exit	MASTERCARD INCORPORATEDcl a	$0	–	-15,418	–	-0.20%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-34,971	–	-0.20%	–
CAT	Exit	CATERPILLAR INC	$0	–	-26,919	–	-0.20%	–
FB	Exit	META PLATFORMS INCcl a	$0	–	-32,671	–	-0.20%	–
HMC	Exit	HONDA MOTOR LTD	$0	–	-206,376	–	-0.20%	–
UNP	Exit	UNION PAC CORP	$0	–	-23,123	–	-0.21%	–
BHP	Exit	BHP GROUP LTDsponsored ads	$0	–	-90,649	–	-0.21%	–
DD	Exit	DUPONT DE NEMOURS INC	$0	–	-93,410	–	-0.22%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-122,985	–	-0.22%	–
DOW	Exit	DOW INC	$0	–	-108,250	–	-0.22%	–
MMM	Exit	3M CO	$0	–	-42,909	–	-0.22%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-23,357	–	-0.22%	–
AMZN	Exit	AMAZON COM INC	$0	–	-42,564	–	-0.22%	–
FDX	Exit	FEDEX CORP	$0	–	-32,189	–	-0.22%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-50,616	–	-0.22%	–
CSCO	Exit	CISCO SYS INC	$0	–	-121,249	–	-0.22%	–
ABT	Exit	ABBOTT LABS	$0	–	-50,384	–	-0.22%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-88,980	–	-0.22%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-67,297	–	-0.22%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-30,430	–	-0.23%	–
HD	Exit	HOME DEPOT INC	$0	–	-18,176	–	-0.23%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-42,559	–	-0.23%	–
F	Exit	FORD MTR CO DEL	$0	–	-463,139	–	-0.24%	–
MCD	Exit	MCDONALDS CORP	$0	–	-23,007	–	-0.24%	–
PFE	Exit	PFIZER INC	$0	–	-122,399	–	-0.24%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-63,615	–	-0.24%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-31,369	–	-0.25%	–
KO	Exit	COCA COLA CO	$0	–	-96,777	–	-0.25%	–
WMT	Exit	WALMART INC	$0	–	-42,449	–	-0.25%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-64,421	–	-0.25%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-37,733	–	-0.26%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-102,067	–	-0.27%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-45,708	–	-0.27%	–
MRK	Exit	MERCK & CO INC	$0	–	-69,306	–	-0.28%	–
BLL	Exit	BALL CORP	$0	–	-127,361	–	-0.28%	–
VMW	Exit	VMWARE INC	$0	–	-57,770	–	-0.28%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-22,585	–	-0.28%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-43,167	–	-0.29%	–
IQV	Exit	IQVIA HLDGS INC	$0	–	-34,593	–	-0.29%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-409,227	–	-0.29%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-79,604	–	-0.29%	–
INTU	Exit	INTUIT	$0	–	-16,880	–	-0.30%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-30,312	–	-0.31%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-123,452	–	-0.31%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-101,308	–	-0.31%	–
TU	Exit	TELUS CORPORATION	$0	–	-246,411	–	-0.31%	–
FTV	Exit	FORTIVE CORP	$0	–	-118,069	–	-0.31%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-4,224	–	-0.32%	–
MEOH	Exit	METHANEX CORP	$0	–	-164,388	–	-0.33%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-28,195	–	-0.33%	–
LOW	Exit	LOWES COS INC	$0	–	-39,572	–	-0.34%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-68,781	–	-0.34%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-55,793	–	-0.36%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-190,846	–	-0.37%	–
STN	Exit	STANTEC INC	$0	–	-133,161	–	-0.37%	–
FISV	Exit	FISERV INC	$0	–	-89,498	–	-0.38%	–
FTS	Exit	FORTIS INC	$0	–	-167,171	–	-0.40%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-125,217	–	-0.41%	–
RBA	Exit	RITCHIE BROS AUCTIONEERS	$0	–	-107,675	–	-0.42%	–
TJX	Exit	TJX COS INC NEW	$0	–	-153,612	–	-0.44%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-59,562	–	-0.45%	–
CCJ	Exit	CAMECO CORP	$0	–	-273,595	–	-0.46%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-21,573	–	-0.46%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-109,947	–	-0.48%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-100,528	–	-0.48%	–
DIS	Exit	DISNEY WALT CO	$0	–	-113,738	–	-0.49%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-508,180	–	-0.49%	–
CAE	Exit	CAE INC	$0	–	-536,233	–	-0.52%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-96,892	–	-0.56%	–
NKE	Exit	NIKE INCcl b	$0	–	-147,315	–	-0.56%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-77,355	–	-0.58%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-79,060	–	-0.58%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-339,366	–	-0.60%	–
PEP	Exit	PEPSICO INC	$0	–	-83,400	–	-0.62%	–
AVGO	Exit	BROADCOM INC	$0	–	-31,251	–	-0.63%	–
CM	Exit	CANADIAN IMPERIAL BK COMM TO	$0	–	-226,614	–	-0.63%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-27,752	–	-0.64%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-159,831	–	-0.70%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-360,300	–	-0.74%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-32,061	–	-0.74%	–
V	Exit	VISA INC	$0	–	-92,360	–	-0.75%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-551,813	–	-0.85%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-523,070	–	-0.89%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-573,178	–	-0.96%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-259,619	–	-1.04%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-315,812	–	-1.07%	–
AAPL	Exit	APPLE INC	$0	–	-172,590	–	-1.09%	–
MGA	Exit	MAGNA INTL INC	$0	–	-428,996	–	-1.28%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-131,375	–	-1.40%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-727,100	–	-1.40%	–
BCE	Exit	BCE INC	$0	–	-547,121	–	-1.46%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,798,129	–	-1.78%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-217,515	–	-1.86%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-864,768	–	-2.12%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-471,793	–	-2.24%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,275,220	–	-2.27%	–
TRP	Exit	TC ENERGY CORP	$0	–	-1,021,228	–	-2.64%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-483,182	–	-3.29%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-782,666	–	-3.30%	–
BNS	Exit	BANK NOVA SCOTIA HALIFAX	$0	–	-1,266,403	–	-3.80%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,303,599	–	-3.88%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-712,692	–	-3.94%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,742,818	–	-4.08%	–
NTR	Exit	NUTRIEN LTD	$0	–	-875,879	–	-4.64%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,962,007	–	-5.06%	–
RY	Exit	ROYAL BK CDA	$0	–	-891,835	–	-5.07%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,742,110	–	-6.74%	–

Q3 2022

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$147,592,000	-6.8%	1,742,110	-7.1%	6.74%	-11.1%
RY	Sell	ROYAL BK CDA	$110,918,000	-4.6%	891,835	-4.4%	5.07%	-9.0%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$110,873,000	-9.1%	1,962,007	-7.9%	5.06%	-13.3%
NTR	Sell	NUTRIEN LTD	$101,479,000	+10.7%	875,879	-1.5%	4.64%	+5.6%
ENB	Sell	ENBRIDGE INC	$89,267,000	-10.3%	1,742,818	-4.8%	4.08%	-14.4%
BMO	Buy	BANK MONTREAL QUE	$86,286,000	-2.2%	712,692	+0.0%	3.94%	-6.7%
CNQ	Buy	CANADIAN NAT RES LTD	$84,921,000	-6.8%	1,303,599	+0.0%	3.88%	-11.1%
BNS	Sell	BANK NOVA SCOTIA HALIFAX	$83,203,000	-32.8%	1,266,403	-22.1%	3.80%	-35.9%
CP	Buy	CANADIAN PAC RY LTD	$72,318,000	+2.7%	782,666	+0.2%	3.30%	-2.0%
CNI	Sell	CANADIAN NATL RY CO	$72,081,000	+1.9%	483,182	-1.1%	3.29%	-2.8%
TRP	Buy	TC ENERGY CORP	$57,740,000	+1.9%	1,021,228	+21.8%	2.64%	-2.8%
SU	Sell	SUNCOR ENERGY INC NEW	$49,606,000	-19.8%	1,275,220	-6.9%	2.27%	-23.5%
GIB	Buy	CGI INCcl a sub vtg	$49,062,000	+8.3%	471,793	+6.7%	2.24%	+3.3%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$46,493,000	-7.1%	864,768	+7.5%	2.12%	-11.3%
WCN	Buy	WASTE CONNECTIONS INC	$40,599,000	+25.1%	217,515	+7.0%	1.86%	+19.4%
MFC	Sell	MANULIFE FINL CORP	$38,983,000	-9.9%	1,798,129	-7.2%	1.78%	-14.0%
BCE	Buy	BCE INC	$31,933,000	+234.8%	547,121	+268.0%	1.46%	+219.3%
PBA	Sell	PEMBINA PIPELINE CORP	$30,677,000	-20.7%	727,100	-14.0%	1.40%	-24.3%
MSFT	Buy	MICROSOFT CORP	$30,597,000	-0.7%	131,375	+9.5%	1.40%	-5.2%
MGA	Buy	MAGNA INTL INC	$28,112,000	+0.8%	428,996	+8.7%	1.28%	-3.8%
AAPL	Sell	APPLE INC	$23,852,000	-11.7%	172,590	-12.6%	1.09%	-15.7%
QSR	Sell	RESTAURANT BRANDS INTL INC	$23,474,000	-1.0%	315,812	-13.1%	1.07%	-5.6%
DSGX	Sell	DESCARTES SYS GROUP INC	$22,771,000	-5.8%	259,619	-14.1%	1.04%	-10.1%
OTEX	Sell	OPEN TEXT CORP	$20,927,000	-33.0%	573,178	-10.6%	0.96%	-36.0%
SHOP	Sell	SHOPIFY INCcl a	$19,453,000	-19.4%	523,070	-12.9%	0.89%	-23.1%
SJR	Buy	SHAW COMMUNICATIONS INCcl b conv	$18,535,000	+43.5%	551,813	+62.0%	0.85%	+37.1%
V	Buy	VISA INC	$16,408,000	+10.3%	92,360	+22.3%	0.75%	+5.2%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$16,270,000	-21.4%	32,061	-15.8%	0.74%	-25.0%
WPM	Sell	WHEATON PRECIOUS METALS CORP	$16,116,000	-41.5%	360,300	-39.3%	0.74%	-44.2%
GOOG	Buy	ALPHABET INCcap stk cl c	$15,368,000	-20.7%	159,831	+1703.4%	0.70%	-24.4%
UNH	Sell	UNITEDHEALTH GROUP INC	$14,016,000	-10.0%	27,752	-8.4%	0.64%	-14.1%
CM	Buy	CANADIAN IMPERIAL BK COMM TO	$13,889,000	+90.0%	226,614	+96.3%	0.63%	+81.1%
AVGO	Sell	BROADCOM INC	$13,876,000	-20.1%	31,251	-12.6%	0.63%	-23.8%
PEP	Buy	PEPSICO INC	$13,616,000	+63.3%	83,400	+66.7%	0.62%	+55.9%
GIL	Buy	GILDAN ACTIVEWEAR INC	$13,252,000	+18.2%	339,366	+12.1%	0.60%	+12.7%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$12,771,000	+37.5%	79,060	+55.4%	0.58%	+31.0%
JNJ	Buy	JOHNSON & JOHNSON	$12,637,000	+43.7%	77,355	+56.1%	0.58%	+37.1%
NKE	Buy	NIKE INCcl b	$12,288,000	+5.7%	147,315	+29.9%	0.56%	+0.9%
CIGI	Sell	COLLIERS INTL GROUP INC	$12,266,000	-23.6%	96,892	-14.7%	0.56%	-27.1%
CAE	Buy	CAE INC	$11,363,000	-5.8%	536,233	+41.0%	0.52%	-10.1%
CVE	Sell	CENOVUS ENERGY INC	$10,784,000	-15.4%	508,180	-2.3%	0.49%	-19.2%
DIS	Buy	DISNEY WALT CO	$10,729,000	+75.4%	113,738	+75.5%	0.49%	+67.2%
JPM	Sell	JPMORGAN CHASE & CO	$10,505,000	-17.7%	100,528	-11.3%	0.48%	-21.4%
CVS	Sell	CVS HEALTH CORP	$10,486,000	-5.6%	109,947	-8.3%	0.48%	-10.0%
COST	Sell	COSTCO WHSL CORP NEW	$10,188,000	-13.9%	21,573	-12.6%	0.46%	-18.0%
CCJ	Buy	CAMECO CORP	$10,030,000	+1866.7%	273,595	+1352.2%	0.46%	+1808.3%
HON	Sell	HONEYWELL INTL INC	$9,945,000	-13.8%	59,562	-10.2%	0.45%	-17.8%
TJX	Sell	TJX COS INC NEW	$9,542,000	-2.8%	153,612	-12.6%	0.44%	-7.2%
RBA	New	RITCHIE BROS AUCTIONEERS	$9,293,000	–	107,675	–	0.42%	–
SCHW	Sell	SCHWAB CHARLES CORP	$8,999,000	-0.6%	125,217	-12.6%	0.41%	-5.1%
FTS	Buy	FORTIS INC	$8,773,000	+260.9%	167,171	+318.5%	0.40%	+245.7%
FISV	Sell	FISERV INC	$8,374,000	-2.7%	89,498	-7.5%	0.38%	-7.0%
STN	New	STANTEC INC	$8,091,000	–	133,161	–	0.37%	–
TECK	Buy	TECK RESOURCES LTDcl b	$8,017,000	+2307.5%	190,846	+2158.5%	0.37%	+2187.5%
TRI	New	THOMSON REUTERS CORP.	$7,911,000	–	55,793	–	0.36%	–
LOW	Sell	LOWES COS INC	$7,432,000	-20.6%	39,572	-26.2%	0.34%	-24.3%
GPN	Sell	GLOBAL PMTS INC	$7,432,000	-10.1%	68,781	-7.9%	0.34%	-14.4%
DHR	Sell	DANAHER CORPORATION	$7,288,000	-11.0%	28,195	-12.6%	0.33%	-15.1%
MEOH	New	METHANEX CORP	$7,233,000	–	164,388	–	0.33%	–
BKNG	Sell	BOOKING HOLDINGS INC	$6,941,000	-15.1%	4,224	-9.6%	0.32%	-18.9%
FTV	Sell	FORTIVE CORP	$6,883,000	-3.1%	118,069	-9.6%	0.31%	-7.6%
TU	Buy	TELUS CORPORATION	$6,842,000	+1030.9%	246,411	+1082.4%	0.31%	+979.3%
APH	Sell	AMPHENOL CORP NEWcl a	$6,803,000	-5.7%	101,308	-9.4%	0.31%	-9.9%
SLF	Buy	SUN LIFE FINANCIAL INC.	$6,781,000	+384.7%	123,452	+420.5%	0.31%	+362.7%
BDX	Sell	BECTON DICKINSON & CO	$6,754,000	-18.4%	30,312	-9.7%	0.31%	-22.0%
INTU	Sell	INTUIT	$6,538,000	-12.2%	16,880	-12.6%	0.30%	-16.0%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$6,394,000	-20.0%	79,604	-9.0%	0.29%	-23.8%
AQN	New	ALGONQUIN PWR UTILS CORP	$6,277,000	–	409,227	–	0.29%	–
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$6,259,000	-7.8%	43,167	-9.0%	0.29%	-12.0%
IQV	Buy	IQVIA HLDGS INC	$6,266,000	-11.7%	34,593	+5.8%	0.29%	-15.9%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$6,215,000	-24.2%	22,585	+0.8%	0.28%	-27.6%
BLL	Buy	BALL CORP	$6,154,000	-1.9%	127,361	+39.6%	0.28%	-6.3%
VMW	Sell	VMWARE INC	$6,150,000	-15.2%	57,770	-9.2%	0.28%	-19.0%
MRK	New	MERCK & CO INC	$6,016,000	–	69,306	–	0.28%	–
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$5,863,000	-21.4%	102,067	-7.6%	0.27%	-24.9%
MIDD	Buy	MIDDLEBY CORP	$5,858,000	+11.5%	45,708	+9.1%	0.27%	+6.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$5,638,000	-17.2%	37,733	-12.6%	0.26%	-20.9%
PYPL	New	PAYPAL HLDGS INC	$5,547,000	–	64,421	–	0.25%	–
WMT	New	WALMART INC	$5,506,000	–	42,449	–	0.25%	–
KO	New	COCA COLA CO	$5,463,000	–	96,777	–	0.25%	–
DEO	New	DIAGEO PLCspon adr new	$5,397,000	–	31,369	–	0.25%	–
PFE	New	PFIZER INC	$5,356,000	–	122,399	–	0.24%	–
SBUX	New	STARBUCKS CORP	$5,363,000	–	63,615	–	0.24%	–
MCD	New	MCDONALDS CORP	$5,309,000	–	23,007	–	0.24%	–
F	New	FORD MTR CO DEL	$5,187,000	–	463,139	–	0.24%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$5,056,000	–	42,559	–	0.23%	–
IWM	Sell	ISHARES TRrussell 2000 etf	$5,019,000	-4.7%	30,430	-2.2%	0.23%	-9.1%
HD	New	HOME DEPOT INC	$5,015,000	–	18,176	–	0.23%	–
EMR	New	EMERSON ELEC CO	$4,927,000	–	67,297	–	0.22%	–
MDLZ	Sell	MONDELEZ INTL INCcl a	$4,908,000	-22.8%	88,980	-12.6%	0.22%	-26.3%
ABT	New	ABBOTT LABS	$4,875,000	–	50,384	–	0.22%	–
CSCO	New	CISCO SYS INC	$4,852,000	–	121,249	–	0.22%	–
GOOGL	New	ALPHABET INCcap stk cl a	$4,843,000	–	50,616	–	0.22%	–
AMZN	New	AMAZON COM INC	$4,814,000	–	42,564	–	0.22%	–
FDX	New	FEDEX CORP	$4,808,000	–	32,189	–	0.22%	–
DOW	New	DOW INC	$4,755,000	–	108,250	–	0.22%	–
SYK	Sell	STRYKER CORPORATION	$4,745,000	-11.1%	23,357	-12.7%	0.22%	-15.2%
MMM	New	3M CO	$4,741,000	–	42,909	–	0.22%	–
BK	Sell	BANK NEW YORK MELLON CORP	$4,737,000	-16.8%	122,985	-9.9%	0.22%	-20.6%
DD	New	DUPONT DE NEMOURS INC	$4,708,000	–	93,410	–	0.22%	–
BHP	New	BHP GROUP LTDsponsored ads	$4,536,000	–	90,649	–	0.21%	–
UNP	Sell	UNION PAC CORP	$4,505,000	-20.2%	23,123	-12.6%	0.21%	-23.7%
HMC	New	HONDA MOTOR LTD	$4,456,000	–	206,376	–	0.20%	–
FB	New	META PLATFORMS INCcl a	$4,436,000	–	32,671	–	0.20%	–
CAT	New	CATERPILLAR INC	$4,417,000	–	26,919	–	0.20%	–
PG	New	PROCTER AND GAMBLE CO	$4,415,000	–	34,971	–	0.20%	–
MA	New	MASTERCARD INCORPORATEDcl a	$4,384,000	–	15,418	–	0.20%	–
ABB	New	ABB LTDsponsored adr	$4,324,000	–	168,529	–	0.20%	–
INTC	New	INTEL CORP	$4,320,000	–	167,495	–	0.20%	–
CHD	Sell	CHURCH & DWIGHT CO INC	$4,319,000	-32.7%	60,456	-12.7%	0.20%	-35.8%
MDT	New	MEDTRONIC PLC	$4,230,000	–	51,949	–	0.19%	–
RIO	New	RIO TINTO PLCsponsored adr	$4,225,000	–	76,730	–	0.19%	–
FFIV	Sell	F5 INC	$4,229,000	-14.0%	29,219	-9.1%	0.19%	-17.9%
	Sell	WARNER BROS DISCOVERY INC	$4,053,000	-22.3%	352,416	-9.3%	0.18%	-26.0%
NVDA	New	NVIDIA CORPORATION	$3,997,000	–	32,901	–	0.18%	–
T	New	AT&T INC	$4,010,000	–	257,338	–	0.18%	–
HRL	Sell	HORMEL FOODS CORP	$3,786,000	-16.2%	83,328	-12.6%	0.17%	-19.9%
FNV	Sell	FRANCO NEV CORP	$3,684,000	-10.2%	22,330	-7.9%	0.17%	-14.3%
GRPU	Buy	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$2,882,000	-15.0%	43,060	+0.5%	0.13%	-18.5%
ELAN	Sell	ELANCO ANIMAL HEALTH INC	$2,803,000	-40.4%	225,848	-5.7%	0.13%	-43.1%
MCO	Sell	MOODYS CORP	$2,631,000	-22.0%	10,823	-12.7%	0.12%	-25.5%
IFF	Sell	INTERNATIONAL FLAVORS&FRAGRA	$2,608,000	-26.5%	28,487	-3.8%	0.12%	-30.0%
LIN	Sell	LINDE PLC	$2,361,000	-18.2%	8,757	-12.7%	0.11%	-21.7%
CMCSA	Sell	COMCAST CORP NEWcl a	$2,071,000	-34.7%	70,620	-12.6%	0.10%	-37.5%
WAB	Sell	WABTEC	$1,762,000	-24.4%	21,655	-23.8%	0.08%	-28.6%
TFII	Sell	TFI INTL INC	$1,236,000	-56.5%	9,858	-64.1%	0.06%	-58.8%
HSIC	Buy	HENRY SCHEIN INC	$1,119,000	-8.6%	17,021	+6.7%	0.05%	-13.6%
	Buy	BRP INC	$894,000	+14.8%	10,483	+6.8%	0.04%	+10.8%
COO	Buy	COOPER COS INC	$851,000	-10.2%	3,223	+6.5%	0.04%	-13.3%
IMO	Sell	IMPERIAL OIL LTD	$679,000	-24.4%	11,280	-23.8%	0.03%	-27.9%
	Buy	LIGHTSPEED COMMERCE INC	$605,000	-9.6%	24,878	+6.8%	0.03%	-12.5%
	Buy	NUVEI CORPORATION	$566,000	-14.2%	15,149	+6.8%	0.03%	-18.8%
CIXX	Buy	CI FINL CORP	$551,000	+2.8%	41,080	+6.1%	0.02%	-3.8%
OR	Buy	OSISKO GOLD ROYALTIES LTD	$478,000	+15.7%	33,837	+6.7%	0.02%	+10.0%
TAP	Buy	MOLSON COORS BEVERAGE COcl b	$440,000	-6.2%	9,166	+6.5%	0.02%	-9.1%
GOLD	New	BARRICK GOLD CORP	$399,000	–	18,620	–	0.02%	–
ERF	Sell	ENERPLUS CORP	$216,000	-2.3%	11,060	-14.9%	0.01%	-9.1%
AEM	Sell	AGNICO EAGLE MINES LTD	$215,000	-15.7%	3,677	-15.0%	0.01%	-16.7%
TGT	Exit	TARGET CORP	$0	–	-11,396	–	-0.08%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-6,505	–	-0.12%	–

Q2 2022

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$158,355,000	–	1,876,019	–	7.58%	–
BNS	New	BANK NOVA SCOTIA B C	$123,880,000	–	1,626,142	–	5.93%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$122,016,000	–	2,130,920	–	5.84%	–
RY	New	ROYAL BK CDA	$116,315,000	–	933,208	–	5.57%	–
ENB	New	ENBRIDGE INC	$99,493,000	–	1,830,260	–	4.76%	–
NTR	New	NUTRIEN LTD	$91,705,000	–	889,221	–	4.39%	–
CNQ	New	CANADIAN NAT RES LTD	$91,111,000	–	1,303,418	–	4.36%	–
BMO	New	BANK MONTREAL QUE	$88,201,000	–	712,560	–	4.22%	–
CNI	New	CANADIAN NATL RY CO	$70,741,000	–	488,576	–	3.39%	–
CP	New	CANADIAN PAC RY LTD	$70,389,000	–	781,235	–	3.37%	–
SU	New	SUNCOR ENERGY INC NEW	$61,867,000	–	1,369,949	–	2.96%	–
TRP	New	TC ENERGY CORP	$56,642,000	–	838,348	–	2.71%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$50,034,000	–	804,673	–	2.40%	–
GIB	New	CGI INCcl a sub vtg	$45,322,000	–	441,997	–	2.17%	–
MFC	New	MANULIFE FINL CORP	$43,244,000	–	1,937,448	–	2.07%	–
PBA	New	PEMBINA PIPELINE CORP	$38,668,000	–	845,884	–	1.85%	–
WCN	New	WASTE CONNECTIONS INC	$32,452,000	–	203,333	–	1.55%	–
OTEX	New	OPEN TEXT CORP	$31,216,000	–	641,118	–	1.49%	–
MSFT	New	MICROSOFT CORP	$30,817,000	–	119,989	–	1.48%	–
MGA	New	MAGNA INTL INC	$27,896,000	–	394,679	–	1.34%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$27,551,000	–	594,020	–	1.32%	–
AAPL	New	APPLE INC	$27,007,000	–	197,537	–	1.29%	–
DSGX	New	DESCARTES SYS GROUP INC	$24,168,000	–	302,144	–	1.16%	–
SHOP	New	SHOPIFY INCcl a	$24,141,000	–	600,230	–	1.16%	–
QSR	New	RESTAURANT BRANDS INTL INC	$23,708,000	–	363,252	–	1.14%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$20,708,000	–	38,098	–	0.99%	–
GOOG	New	ALPHABET INCcap stk cl c	$19,387,000	–	8,863	–	0.93%	–
AVGO	New	BROADCOM INC	$17,376,000	–	35,768	–	0.83%	–
CIGI	New	COLLIERS INTL GROUP INC	$16,045,000	–	113,612	–	0.77%	–
UNH	New	UNITEDHEALTH GROUP INC	$15,566,000	–	30,306	–	0.74%	–
V	New	VISA INC	$14,870,000	–	75,526	–	0.71%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$12,919,000	–	340,606	–	0.62%	–
JPM	New	JPMORGAN CHASE & CO	$12,770,000	–	113,397	–	0.61%	–
CVE	New	CENOVUS ENERGY INC	$12,740,000	–	520,210	–	0.61%	–
CAE	New	CAE INC	$12,059,000	–	380,176	–	0.58%	–
COST	New	COSTCO WHSL CORP NEW	$11,834,000	–	24,692	–	0.57%	–
NKE	New	NIKE INCcl b	$11,622,000	–	113,433	–	0.56%	–
HON	New	HONEYWELL INTL INC	$11,534,000	–	66,358	–	0.55%	–
GIL	New	GILDAN ACTIVEWEAR INC	$11,212,000	–	302,624	–	0.54%	–
CVS	New	CVS HEALTH CORP	$11,106,000	–	119,860	–	0.53%	–
TJX	New	TJX COS INC NEW	$9,818,000	–	175,795	–	0.47%	–
BCE	New	BCE INC	$9,538,000	–	148,673	–	0.46%	–
LOW	New	LOWES COS INC	$9,362,000	–	53,598	–	0.45%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$9,287,000	–	50,879	–	0.44%	–
SCHW	New	SCHWAB CHARLES CORP	$9,054,000	–	143,299	–	0.43%	–
JNJ	New	JOHNSON & JOHNSON	$8,797,000	–	49,559	–	0.42%	–
FISV	New	FISERV INC	$8,606,000	–	96,730	–	0.41%	–
PEP	New	PEPSICO INC	$8,339,000	–	50,036	–	0.40%	–
GPN	New	GLOBAL PMTS INC	$8,264,000	–	74,691	–	0.40%	–
BDX	New	BECTON DICKINSON & CO	$8,272,000	–	33,553	–	0.40%	–
DHR	New	DANAHER CORPORATION	$8,188,000	–	32,269	–	0.39%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$8,198,000	–	22,396	–	0.39%	–
BKNG	New	BOOKING HOLDINGS INC	$8,177,000	–	4,675	–	0.39%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$7,992,000	–	87,506	–	0.38%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$7,456,000	–	110,479	–	0.36%	–
INTU	New	INTUIT	$7,446,000	–	19,319	–	0.36%	–
CM	New	CANADIAN IMP BK COMM	$7,310,000	–	115,414	–	0.35%	–
VMW	New	VMWARE INC	$7,255,000	–	63,653	–	0.35%	–
APH	New	AMPHENOL CORP NEWcl a	$7,216,000	–	111,780	–	0.34%	–
IQV	New	IQVIA HLDGS INC	$7,097,000	–	32,708	–	0.34%	–
FTV	New	FORTIVE CORP	$7,106,000	–	130,664	–	0.34%	–
PNC	New	PNC FINL SVCS GROUP INC	$6,813,000	–	43,186	–	0.33%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$6,787,000	–	47,429	–	0.32%	–
CHD	New	CHURCH & DWIGHT CO INC	$6,417,000	–	69,254	–	0.31%	–
MDLZ	New	MONDELEZ INTL INCcl a	$6,354,000	–	101,843	–	0.30%	–
BLL	New	BALL CORP	$6,272,000	–	91,201	–	0.30%	–
DIS	New	DISNEY WALT CO	$6,118,000	–	64,810	–	0.29%	–
BK	New	BANK NEW YORK MELLON CORP	$5,692,000	–	136,467	–	0.27%	–
UNP	New	UNION PAC CORP	$5,644,000	–	26,463	–	0.27%	–
SYK	New	STRYKER CORPORATION	$5,337,000	–	26,748	–	0.26%	–
IWM	New	ISHARES TRrussell 2000 etf	$5,268,000	–	31,105	–	0.25%	–
MIDD	New	MIDDLEBY CORP	$5,252,000	–	41,892	–	0.25%	–
	New	WARNER BROS DISCOVERY INC	$5,217,000	–	388,713	–	0.25%	–
FFIV	New	F5 INC	$4,917,000	–	32,132	–	0.24%	–
ELAN	New	ELANCO ANIMAL HEALTH INC	$4,704,000	–	239,615	–	0.22%	–
HRL	New	HORMEL FOODS CORP	$4,516,000	–	95,346	–	0.22%	–
FNV	New	FRANCO NEV CORP	$4,104,000	–	24,237	–	0.20%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$3,548,000	–	29,617	–	0.17%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$3,392,000	–	42,830	–	0.16%	–
MCO	New	MOODYS CORP	$3,372,000	–	12,399	–	0.16%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,172,000	–	80,825	–	0.15%	–
LIN	New	LINDE PLC	$2,885,000	–	10,035	–	0.14%	–
TFII	New	TFI INTL INC	$2,844,000	–	27,429	–	0.14%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$2,458,000	–	6,505	–	0.12%	–
FTS	New	FORTIS INC	$2,431,000	–	39,945	–	0.12%	–
WAB	New	WABTEC	$2,331,000	–	28,404	–	0.11%	–
TGT	New	TARGET CORP	$1,609,000	–	11,396	–	0.08%	–
SLF	New	SUN LIFE FINANCIAL INC.	$1,399,000	–	23,720	–	0.07%	–
HSIC	New	HENRY SCHEIN INC	$1,224,000	–	15,953	–	0.06%	–
COO	New	COOPER COS INC	$948,000	–	3,027	–	0.04%	–
IMO	New	IMPERIAL OIL LTD	$898,000	–	14,800	–	0.04%	–
	New	BRP INC	$779,000	–	9,820	–	0.04%	–
	New	NUVEI CORPORATION	$660,000	–	14,190	–	0.03%	–
	New	LIGHTSPEED COMMERCE INC	$669,000	–	23,303	–	0.03%	–
TU	New	TELUS CORPORATION	$605,000	–	20,840	–	0.03%	–
CIXX	New	CI FINL CORP	$536,000	–	38,720	–	0.03%	–
CCJ	New	CAMECO CORP	$510,000	–	18,840	–	0.02%	–
TAP	New	MOLSON COORS BEVERAGE COcl b	$469,000	–	8,605	–	0.02%	–
OR	New	OSISKO GOLD ROYALTIES LTD	$413,000	–	31,713	–	0.02%	–
TECK	New	TECK RESOURCES LTDcl b	$333,000	–	8,450	–	0.02%	–
AEM	New	AGNICO EAGLE MINES LTD	$255,000	–	4,327	–	0.01%	–
ERF	New	ENERPLUS CORP	$221,000	–	13,000	–	0.01%	–

Q4 2021

			Value		Shares		↓ Weighting
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-4,637	–	-0.01%	–
TFII	Exit	TFI INTL INC	$0	–	-3,519	–	-0.02%	–
KGC	Exit	KINROSS GOLD CORP	$0	–	-74,000	–	-0.02%	–
	Exit	BRP INC	$0	–	-5,233	–	-0.03%	–
TU	Exit	TELUS CORPORATION	$0	–	-29,240	–	-0.04%	–
	Exit	LIGHTSPEED COMMERCE INC	$0	–	-8,420	–	-0.05%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-2,505	–	-0.05%	–
CIXX	Exit	CI FINL CORP	$0	–	-43,430	–	-0.05%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-17,730	–	-0.06%	–
COO	Exit	COOPER COS INC	$0	–	-3,415	–	-0.07%	–
STE	Exit	STERIS PLC	$0	–	-8,197	–	-0.08%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-26,250	–	-0.08%	–
TGT	Exit	TARGET CORP	$0	–	-10,313	–	-0.11%	–
ORCL	Exit	ORACLE CORP	$0	–	-27,706	–	-0.11%	–
LIN	Exit	LINDE PLC	$0	–	-9,099	–	-0.13%	–
WAB	Exit	WABTEC	$0	–	-32,019	–	-0.13%	–
DISCA	Exit	DISCOVERY INC	$0	–	-115,714	–	-0.14%	–
FTS	Exit	FORTIS INC	$0	–	-53,945	–	-0.14%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-24,982	–	-0.15%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-16,286	–	-0.15%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-19,787	–	-0.16%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-86,275	–	-0.17%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-29,652	–	-0.19%	–
GRPU	Exit	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$0	–	-44,060	–	-0.19%	–
MCO	Exit	MOODYS CORP	$0	–	-11,217	–	-0.19%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-73,145	–	-0.19%	–
UNP	Exit	UNION PAC CORP	$0	–	-23,945	–	-0.22%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-30,592	–	-0.23%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-22,405	–	-0.23%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-62,692	–	-0.24%	–
STT	Exit	STATE STR CORP	$0	–	-67,334	–	-0.27%	–
BLL	Exit	BALL CORP	$0	–	-64,086	–	-0.27%	–
DISCK	Exit	DISCOVERY INC	$0	–	-248,129	–	-0.28%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-109,169	–	-0.30%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-24,208	–	-0.30%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-41,971	–	-0.32%	–
PEP	Exit	PEPSICO INC	$0	–	-47,162	–	-0.33%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC	$0	–	-232,097	–	-0.35%	–
FTV	Exit	FORTIVE CORP	$0	–	-105,912	–	-0.35%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-47,134	–	-0.36%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-39,078	–	-0.36%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-105,120	–	-0.36%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-105,288	–	-0.37%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-32,215	–	-0.37%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-80,807	–	-0.40%	–
BCE	Exit	BCE INC	$0	–	-133,879	–	-0.41%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-29,203	–	-0.42%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-48,792	–	-0.42%	–
INTU	Exit	INTUIT	$0	–	-17,484	–	-0.44%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-129,668	–	-0.44%	–
FISV	Exit	FISERV INC	$0	–	-93,106	–	-0.48%	–
DIS	Exit	DISNEY WALT CO	$0	–	-61,201	–	-0.49%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-4,376	–	-0.49%	–
TJX	Exit	TJX COS INC NEW	$0	–	-159,073	–	-0.50%	–
LOW	Exit	LOWES COS INC	$0	–	-53,148	–	-0.51%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-24,226	–	-0.51%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-20,266	–	-0.55%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-140,710	–	-0.56%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-32,152	–	-0.59%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-274,515	–	-0.60%	–
NKE	Exit	NIKE INCcl b	$0	–	-105,549	–	-0.72%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-72,259	–	-0.72%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-95,807	–	-0.74%	–
V	Exit	VISA INC	$0	–	-71,158	–	-0.75%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-100,842	–	-0.77%	–
AVGO	Exit	BROADCOM INC	$0	–	-36,507	–	-0.83%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-529,136	–	-0.92%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-8,176	–	-1.03%	–
CAE	Exit	CAE INC	$0	–	-579,448	–	-1.03%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-43,109	–	-1.16%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-1,123,209	–	-1.21%	–
CM	Exit	CANADIAN IMP BK COMM	$0	–	-207,565	–	-1.39%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-382,636	–	-1.41%	–
AAPL	Exit	APPLE INC	$0	–	-217,054	–	-1.45%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-315,624	–	-1.53%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-212,588	–	-1.60%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-715,965	–	-1.61%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-124,158	–	-1.65%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-886,189	–	-1.68%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,404,274	–	-1.74%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-599,983	–	-1.75%	–
MGA	Exit	MAGNA INTL INC	$0	–	-392,259	–	-1.76%	–
NTR	Exit	NUTRIEN LTD	$0	–	-550,558	–	-2.15%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-774,554	–	-2.18%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-443,463	–	-2.25%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-589,950	–	-2.30%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,090,303	–	-2.40%	–
TRP	Exit	TC ENERGY CORP	$0	–	-833,646	–	-2.43%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,667,280	–	-3.06%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-510,392	–	-3.53%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,806,119	–	-4.29%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-58,951	–	-4.78%	–
BNS	Exit	BANK NOVA SCOTIA B C	$0	–	-1,638,935	–	-6.02%	–
RY	Exit	ROYAL BK CDA	$0	–	-1,091,558	–	-6.48%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-2,090,600	–	-6.68%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,007,779	–	-7.93%	–

Q3 2021

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$168,352,000	-5.8%	2,007,779	-2.4%	7.93%	-5.5%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$141,889,000	+4.9%	2,090,600	-2.2%	6.68%	+5.3%
RY	Buy	ROYAL BK CDA	$137,569,000	+1.0%	1,091,558	+0.7%	6.48%	+1.4%
BNS	Sell	BANK NOVA SCOTIA B C	$127,771,000	-5.6%	1,638,935	-2.4%	6.02%	-5.3%
SHOP	Sell	SHOPIFY INCcl a	$101,350,000	-7.2%	58,951	-2.1%	4.78%	-6.8%
ENB	Sell	ENBRIDGE INC	$91,137,000	-0.7%	1,806,119	-2.3%	4.29%	-0.3%
CNI	Sell	CANADIAN NATL RY CO	$74,915,000	-4.5%	510,392	-14.9%	3.53%	-4.1%
MFC	Sell	MANULIFE FINL CORP	$65,028,000	-2.7%	2,667,280	-2.6%	3.06%	-2.3%
TRP	Sell	TC ENERGY CORP	$51,544,000	-3.2%	833,646	-2.6%	2.43%	-2.8%
CNQ	Sell	CANADIAN NAT RES LTD	$51,004,000	+0.5%	1,090,303	-2.4%	2.40%	+0.8%
CP	Buy	CANADIAN PAC RY LTD	$48,907,000	+12.3%	589,950	+29.4%	2.30%	+12.7%
GIB	Sell	CGI INCcl a sub vtg	$47,712,000	-6.0%	443,463	-1.8%	2.25%	-5.7%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$46,204,000	-12.2%	774,554	-2.3%	2.18%	-11.9%
NTR	Buy	NUTRIEN LTD	$45,582,000	+157.2%	550,558	+135.1%	2.15%	+158.2%
MGA	Buy	MAGNA INTL INC	$37,390,000	+9.7%	392,259	+32.1%	1.76%	+10.1%
OTEX	Sell	OPEN TEXT CORP	$37,091,000	-3.8%	599,983	-2.0%	1.75%	-3.4%
SU	Buy	SUNCOR ENERGY INC NEW	$36,876,000	+12.2%	1,404,274	+26.9%	1.74%	+12.6%
PBA	Sell	PEMBINA PIPELINE CORP	$35,767,000	-0.8%	886,189	-2.6%	1.68%	-0.4%
MSFT	Buy	MICROSOFT CORP	$35,003,000	+4.7%	124,158	+0.6%	1.65%	+5.1%
WPM	Sell	WHEATON PRECIOUS METALS CORP	$34,137,000	-12.8%	715,965	-0.1%	1.61%	-12.5%
WCN	Sell	WASTE CONNECTIONS INC	$33,938,000	+4.7%	212,588	-2.9%	1.60%	+5.1%
DSGX	Sell	DESCARTES SYS GROUP INC	$32,541,000	+17.4%	315,624	-2.4%	1.53%	+17.7%
AAPL	Sell	APPLE INC	$30,713,000	+2.4%	217,054	-0.9%	1.45%	+2.8%
QSR	Sell	RESTAURANT BRANDS INTL INC	$29,949,000	-5.3%	382,636	-2.6%	1.41%	-5.0%
CM	Sell	CANADIAN IMP BK COMM	$29,570,000	-3.1%	207,565	-3.1%	1.39%	-2.8%
GOLD	Buy	BARRICK GOLD CORP	$25,688,000	+3554.1%	1,123,209	+3995.0%	1.21%	+3566.7%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$24,639,000	+3.4%	43,109	-8.7%	1.16%	+3.8%
CAE	Buy	CAE INC	$21,926,000	+14.3%	579,448	+15.4%	1.03%	+14.8%
GOOG	Buy	ALPHABET INCcap stk cl c	$21,792,000	+6.9%	8,176	+0.5%	1.03%	+7.3%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$19,483,000	-0.2%	529,136	-2.7%	0.92%	+0.1%
AVGO	Buy	BROADCOM INC	$17,703,000	+3.5%	36,507	+1.7%	0.83%	+3.9%
CIGI	Buy	COLLIERS INTL GROUP INC	$16,350,000	+30.9%	100,842	+12.1%	0.77%	+31.4%
V	Sell	VISA INC	$15,850,000	-5.2%	71,158	-0.4%	0.75%	-4.8%
JPM	Buy	JPMORGAN CHASE & CO	$15,683,000	+7.1%	95,807	+1.7%	0.74%	+7.4%
HON	Buy	HONEYWELL INTL INC	$15,339,000	-2.9%	72,259	+0.4%	0.72%	-2.6%
NKE	Buy	NIKE INCcl b	$15,353,000	-5.8%	105,549	+0.2%	0.72%	-5.5%
GIL	Sell	GILDAN ACTIVEWEAR INC	$12,705,000	-0.4%	274,515	-1.6%	0.60%	0.0%
UNH	Sell	UNITEDHEALTH GROUP INC	$12,563,000	-3.6%	32,152	-1.2%	0.59%	-3.3%
CVS	Sell	CVS HEALTH CORP	$11,941,000	+1.1%	140,710	-0.6%	0.56%	+1.6%
ADBE	Buy	ADOBE SYSTEMS INCORPORATED	$11,668,000	+0.0%	20,266	+1.7%	0.55%	+0.4%
COST	Sell	COSTCO WHSL CORP NEW	$10,886,000	+5.5%	24,226	-7.1%	0.51%	+5.8%
LOW	Buy	LOWES COS INC	$10,782,000	+6.4%	53,148	+1.7%	0.51%	+6.7%
TJX	Buy	TJX COS INC NEW	$10,496,000	-0.4%	159,073	+1.7%	0.50%	0.0%
BKNG	Sell	BOOKING HOLDINGS INC	$10,388,000	+8.0%	4,376	-0.5%	0.49%	+8.2%
DIS	Sell	DISNEY WALT CO	$10,353,000	-4.1%	61,201	-0.4%	0.49%	-3.7%
FISV	Buy	FISERV INC	$10,102,000	+19.9%	93,106	+18.1%	0.48%	+20.2%
SCHW	Buy	SCHWAB CHARLES CORP	$9,445,000	+1.8%	129,668	+1.7%	0.44%	+2.1%
INTU	Sell	INTUIT	$9,433,000	+0.9%	17,484	-8.3%	0.44%	+1.1%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$8,885,000	-13.6%	48,792	-1.3%	0.42%	-13.3%
DHR	Sell	DANAHER CORPORATION	$8,896,000	+3.4%	29,203	-8.9%	0.42%	+3.7%
BCE	Sell	BCE INC	$8,611,000	+1.4%	133,879	-2.3%	0.41%	+1.8%
AKAM	Buy	AKAMAI TECHNOLOGIES INC	$8,452,000	+0.4%	80,807	+12.0%	0.40%	+0.8%
BDX	Sell	BECTON DICKINSON & CO	$7,919,000	-0.6%	32,215	-1.7%	0.37%	-0.3%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$7,813,000	+5.6%	105,288	-1.4%	0.37%	+6.1%
APH	Sell	AMPHENOL CORP NEWcl a	$7,711,000	+6.7%	105,120	-0.4%	0.36%	+7.1%
PNC	Buy	PNC FINL SVCS GROUP INC	$7,645,000	+4.3%	39,078	+1.7%	0.36%	+4.7%
JNJ	Buy	JOHNSON & JOHNSON	$7,612,000	-0.3%	47,134	+1.7%	0.36%	+0.3%
FTV	Sell	FORTIVE CORP	$7,474,000	+0.7%	105,912	-0.5%	0.35%	+1.1%
ELAN	Buy	ELANCO ANIMAL HEALTH INC	$7,402,000	+134.0%	232,097	+154.6%	0.35%	+135.8%
PEP	Sell	PEPSICO INC	$7,094,000	+1.1%	47,162	-0.4%	0.33%	+1.5%
FNV	Buy	FRANCO NEV CORP	$6,906,000	-8.1%	41,971	+0.5%	0.32%	-7.9%
SYK	Buy	STRYKER CORPORATION	$6,397,000	+3.3%	24,208	+1.7%	0.30%	+3.4%
MDLZ	Buy	MONDELEZ INTL INCcl a	$6,384,000	-5.1%	109,169	+1.7%	0.30%	-4.7%
DISCK	Buy	DISCOVERY INC	$6,022,000	+19.8%	248,129	+43.1%	0.28%	+20.3%
BLL	Sell	BALL CORP	$5,766,000	+7.9%	64,086	-2.9%	0.27%	+8.4%
STT	Buy	STATE STR CORP	$5,737,000	+4.8%	67,334	+1.7%	0.27%	+5.1%
CHD	Buy	CHURCH & DWIGHT INC	$5,176,000	-1.4%	62,692	+1.7%	0.24%	-1.2%
IWM	Buy	ISHARES TRrussell 2000 etf	$4,901,000	+6.6%	22,405	+11.8%	0.23%	+6.9%
GPN	Buy	GLOBAL PMTS INC	$4,821,000	+109.4%	30,592	+149.2%	0.23%	+110.2%
UNP	Buy	UNION PAC CORP	$4,693,000	-9.3%	23,945	+1.7%	0.22%	-9.1%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,091,000	-0.2%	73,145	+1.7%	0.19%	+0.5%
MCO	Buy	MOODYS CORP	$3,983,000	-0.3%	11,217	+1.7%	0.19%	0.0%
IFF	Sell	INTERNATIONAL FLAVORS&FRAGRA	$3,985,000	-13.4%	29,652	-3.3%	0.19%	-13.0%
GRPU	Buy	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$3,980,000	+23.6%	44,060	+13.2%	0.19%	+24.5%
HRL	Buy	HORMEL FOODS CORP	$3,537,000	-12.6%	86,275	+1.7%	0.17%	-12.1%
MIDD	Sell	MIDDLEBY CORP	$3,374,000	-9.3%	19,787	-7.8%	0.16%	-9.1%
FFIV	Buy	F5 NETWORKS INC	$3,237,000	+8.3%	16,286	+1.7%	0.15%	+9.3%
BMO	Buy	BANK MONTREAL QUE	$3,159,000	+0.2%	24,982	+0.6%	0.15%	+0.7%
FTS	Sell	FORTIS INC	$3,031,000	-15.8%	53,945	-17.8%	0.14%	-15.4%
DISCA	Sell	DISCOVERY INC	$2,937,000	-24.7%	115,714	-9.0%	0.14%	-24.6%
WAB	Sell	WABTEC	$2,760,000	-3.4%	32,019	-7.8%	0.13%	-3.0%
LIN	Buy	LINDE PLC	$2,669,000	+3.2%	9,099	+1.7%	0.13%	+4.1%
ORCL	Sell	ORACLE CORP	$2,414,000	-42.6%	27,706	-48.7%	0.11%	-42.1%
TGT	Buy	TARGET CORP	$2,359,000	-3.8%	10,313	+1.7%	0.11%	-3.5%
SLF	Sell	SUN LIFE FINANCIAL INC.	$1,712,000	-1.7%	26,250	-3.6%	0.08%	-1.2%
STE	Sell	STERIS PLC	$1,674,000	-8.9%	8,197	-7.9%	0.08%	-8.1%
COO	Sell	COOPER COS INC	$1,411,000	-4.3%	3,415	-8.2%	0.07%	-4.3%
HSIC	Sell	HENRY SCHEIN INC	$1,350,000	-5.5%	17,730	-7.9%	0.06%	-4.5%
CIXX	Sell	CI FINL CORP	$1,124,000	+8.3%	43,430	-4.0%	0.05%	+8.2%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$1,078,000	+332.9%	2,505	+351.4%	0.05%	+325.0%
	New	LIGHTSPEED COMMERCE INC	$1,029,000	–	8,420	–	0.05%	–
TU	Sell	TELUS CORPORATION	$823,000	-1.7%	29,240	-1.8%	0.04%	0.0%
	Buy	BRP INC	$614,000	+36.7%	5,233	+13.3%	0.03%	+38.1%
KGC	Buy	KINROSS GOLD CORP	$502,000	+44.7%	74,000	+67.6%	0.02%	+50.0%
TFII	Buy	TFI INTL INC	$457,000	+29.8%	3,519	+13.6%	0.02%	+29.4%
AEM	Sell	AGNICO EAGLE MINES LTD	$305,000	-22.4%	4,637	-11.6%	0.01%	-22.2%
BPY	Exit	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$0	–	-22,581	–	-0.02%	–
	Exit	LIGHTSPEED POS INC	$0	–	-7,431	–	-0.04%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-30,780	–	-0.10%	–
WFG	Exit	WEST FRASER TIMBER CO LTD	$0	–	-576,455	–	-2.42%	–

Q2 2021

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$178,743,000	–	2,057,589	–	8.39%	–
RY	New	ROYAL BK CDA	$136,159,000	–	1,084,153	–	6.39%	–
BNS	New	BANK NOVA SCOTIA B C	$135,410,000	–	1,679,605	–	6.36%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$135,216,000	–	2,138,140	–	6.35%	–
SHOP	New	SHOPIFY INCcl a	$109,191,000	–	60,231	–	5.13%	–
ENB	New	ENBRIDGE INC	$91,757,000	–	1,848,441	–	4.31%	–
CNI	New	CANADIAN NATL RY CO	$78,441,000	–	599,749	–	3.68%	–
MFC	New	MANULIFE FINL CORP	$66,810,000	–	2,738,130	–	3.14%	–
TRP	New	TC ENERGY CORP	$53,252,000	–	855,998	–	2.50%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$52,651,000	–	792,764	–	2.47%	–
WFG	New	WEST FRASER TIMBER CO LTD	$51,443,000	–	576,455	–	2.42%	–
CNQ	New	CANADIAN NAT RES LTD	$50,754,000	–	1,116,693	–	2.38%	–
GIB	New	CGI INCcl a sub vtg	$50,764,000	–	451,676	–	2.38%	–
CP	New	CANADIAN PAC RY LTD	$43,539,000	–	455,860	–	2.04%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$39,163,000	–	716,755	–	1.84%	–
OTEX	New	OPEN TEXT CORP	$38,544,000	–	612,293	–	1.81%	–
PBA	New	PEMBINA PIPELINE CORP	$36,038,000	–	910,059	–	1.69%	–
MGA	New	MAGNA INTL INC	$34,075,000	–	296,899	–	1.60%	–
MSFT	New	MICROSOFT CORP	$33,431,000	–	123,409	–	1.57%	–
SU	New	SUNCOR ENERGY INC NEW	$32,861,000	–	1,106,789	–	1.54%	–
WCN	New	WASTE CONNECTIONS INC	$32,419,000	–	218,898	–	1.52%	–
QSR	New	RESTAURANT BRANDS INTL INC	$31,629,000	–	392,776	–	1.48%	–
CM	New	CANADIAN IMP BK COMM	$30,531,000	–	214,145	–	1.43%	–
AAPL	New	APPLE INC	$29,984,000	–	218,926	–	1.41%	–
DSGX	New	DESCARTES SYS GROUP INC	$27,728,000	–	323,434	–	1.30%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$23,818,000	–	47,194	–	1.12%	–
GOOG	New	ALPHABET INCcap stk cl c	$20,381,000	–	8,132	–	0.96%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$19,527,000	–	543,766	–	0.92%	–
CAE	New	CAE INC	$19,178,000	–	502,317	–	0.90%	–
NTR	New	NUTRIEN LTD	$17,720,000	–	234,140	–	0.83%	–
AVGO	New	BROADCOM INC	$17,111,000	–	35,884	–	0.80%	–
V	New	VISA INC	$16,713,000	–	71,477	–	0.78%	–
NKE	New	NIKE INCcl b	$16,297,000	–	105,331	–	0.76%	–
HON	New	HONEYWELL INTL INC	$15,801,000	–	72,000	–	0.74%	–
JPM	New	JPMORGAN CHASE & CO	$14,647,000	–	94,169	–	0.69%	–
UNH	New	UNITEDHEALTH GROUP INC	$13,030,000	–	32,540	–	0.61%	–
GIL	New	GILDAN ACTIVEWEAR INC	$12,757,000	–	278,904	–	0.60%	–
CIGI	New	COLLIERS INTL GROUP INC	$12,493,000	–	89,952	–	0.59%	–
CVS	New	CVS HEALTH CORP	$11,810,000	–	141,536	–	0.55%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$11,666,000	–	19,920	–	0.55%	–
DIS	New	DISNEY WALT CO	$10,799,000	–	61,436	–	0.51%	–
TJX	New	TJX COS INC NEW	$10,541,000	–	156,352	–	0.50%	–
COST	New	COSTCO WHSL CORP NEW	$10,323,000	–	26,090	–	0.48%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$10,284,000	–	49,448	–	0.48%	–
LOW	New	LOWES COS INC	$10,133,000	–	52,240	–	0.48%	–
BKNG	New	BOOKING HOLDINGS INC	$9,619,000	–	4,396	–	0.45%	–
INTU	New	INTUIT	$9,347,000	–	19,068	–	0.44%	–
SCHW	New	SCHWAB CHARLES CORP	$9,280,000	–	127,450	–	0.44%	–
DHR	New	DANAHER CORPORATION	$8,605,000	–	32,045	–	0.40%	–
BCE	New	BCE INC	$8,496,000	–	137,039	–	0.40%	–
FISV	New	FISERV INC	$8,428,000	–	78,848	–	0.40%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$8,416,000	–	72,178	–	0.40%	–
BDX	New	BECTON DICKINSON & CO	$7,967,000	–	32,760	–	0.37%	–
JNJ	New	JOHNSON & JOHNSON	$7,632,000	–	46,326	–	0.36%	–
FNV	New	FRANCO NEV CORP	$7,514,000	–	41,771	–	0.35%	–
FTV	New	FORTIVE CORP	$7,422,000	–	106,420	–	0.35%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$7,397,000	–	106,804	–	0.35%	–
PNC	New	PNC FINL SVCS GROUP INC	$7,327,000	–	38,410	–	0.34%	–
APH	New	AMPHENOL CORP NEWcl a	$7,230,000	–	105,491	–	0.34%	–
PEP	New	PEPSICO INC	$7,019,000	–	47,372	–	0.33%	–
MDLZ	New	MONDELEZ INTL INCcl a	$6,729,000	–	107,306	–	0.32%	–
SYK	New	STRYKER CORPORATION	$6,193,000	–	23,796	–	0.29%	–
STT	New	STATE STR CORP	$5,475,000	–	66,182	–	0.26%	–
BLL	New	BALL CORP	$5,346,000	–	65,984	–	0.25%	–
CHD	New	CHURCH & DWIGHT INC	$5,252,000	–	61,627	–	0.25%	–
UNP	New	UNION PAC CORP	$5,176,000	–	23,536	–	0.24%	–
DISCK	New	DISCOVERY INC	$5,025,000	–	173,394	–	0.24%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$4,602,000	–	30,669	–	0.22%	–
IWM	New	ISHARES TRrussell 2000 etf	$4,597,000	–	20,040	–	0.22%	–
ORCL	New	ORACLE CORP	$4,207,000	–	54,044	–	0.20%	–
CMCSA	New	COMCAST CORP NEWcl a	$4,100,000	–	71,896	–	0.19%	–
HRL	New	HORMEL FOODS CORP	$4,049,000	–	84,798	–	0.19%	–
MCO	New	MOODYS CORP	$3,995,000	–	11,026	–	0.19%	–
DISCA	New	DISCOVERY INC	$3,899,000	–	127,095	–	0.18%	–
MIDD	New	MIDDLEBY CORP	$3,719,000	–	21,463	–	0.18%	–
FTS	New	FORTIS INC	$3,601,000	–	65,624	–	0.17%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$3,221,000	–	38,930	–	0.15%	–
BMO	New	BANK MONTREAL QUE	$3,154,000	–	24,826	–	0.15%	–
ELAN	New	ELANCO ANIMAL HEALTH INC	$3,163,000	–	91,176	–	0.15%	–
FFIV	New	F5 NETWORKS INC	$2,988,000	–	16,007	–	0.14%	–
WAB	New	WABTEC	$2,858,000	–	34,726	–	0.13%	–
LIN	New	LINDE PLC	$2,586,000	–	8,946	–	0.12%	–
TGT	New	TARGET CORP	$2,451,000	–	10,137	–	0.12%	–
GPN	New	GLOBAL PMTS INC	$2,302,000	–	12,277	–	0.11%	–
GILD	New	GILEAD SCIENCES INC	$2,120,000	–	30,780	–	0.10%	–
STE	New	STERIS PLC	$1,837,000	–	8,903	–	0.09%	–
SLF	New	SUN LIFE FINANCIAL INC.	$1,741,000	–	27,230	–	0.08%	–
COO	New	COOPER COS INC	$1,474,000	–	3,719	–	0.07%	–
HSIC	New	HENRY SCHEIN INC	$1,429,000	–	19,260	–	0.07%	–
CIXX	New	CI FINL CORP	$1,038,000	–	45,250	–	0.05%	–
TU	New	TELUS CORPORATION	$837,000	–	29,780	–	0.04%	–
	New	LIGHTSPEED POS INC	$771,000	–	7,431	–	0.04%	–
GOLD	New	BARRICK GOLD CORP	$703,000	–	27,429	–	0.03%	–
BPY	New	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$530,000	–	22,581	–	0.02%	–
	New	BRP INC	$449,000	–	4,619	–	0.02%	–
AEM	New	AGNICO EAGLE MINES LTD	$393,000	–	5,247	–	0.02%	–
TFII	New	TFI INTL INC	$352,000	–	3,099	–	0.02%	–
KGC	New	KINROSS GOLD CORP	$347,000	–	44,140	–	0.02%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$249,000	–	555	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
CVE	Exit	CENOVUS ENERGY INC	$0	–	-11,260	–	-0.00%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-9,500	–	-0.02%	–
GRFS	Exit	GRIFOLS S Asp adr rep b nvt	$0	–	-12,980	–	-0.02%	–
	Exit	BRP INC	$0	–	-4,473	–	-0.02%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-2,133	–	-0.02%	–
KGC	Exit	KINROSS GOLD CORP	$0	–	-53,350	–	-0.03%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,601	–	-0.04%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-12,902	–	-0.06%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-14,022	–	-0.06%	–
TU	Exit	TELUS CORPORATION	$0	–	-53,660	–	-0.07%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-20,835	–	-0.07%	–
BPY	Exit	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$0	–	-88,301	–	-0.08%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-20,844	–	-0.09%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-30,340	–	-0.09%	–
NTR	Exit	NUTRIEN LTD	$0	–	-32,198	–	-0.09%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-9,347	–	-0.10%	–
COO	Exit	COOPER COS INC	$0	–	-3,969	–	-0.10%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-11,461	–	-0.10%	–
TGT	Exit	TARGET CORP	$0	–	-9,601	–	-0.11%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-20,315	–	-0.13%	–
GPN	Exit	GLOBAL PMTS INC	$0	–	-10,943	–	-0.14%	–
STE	Exit	STERIS PLC	$0	–	-11,197	–	-0.14%	–
WAB	Exit	WABTEC	$0	–	-34,419	–	-0.16%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-20,864	–	-0.17%	–
LIN	Exit	LINDE PLC	$0	–	-9,992	–	-0.17%	–
ELAN	Exit	ELANCO ANIMAL HEALTH INC	$0	–	-89,388	–	-0.18%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-18,130	–	-0.20%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-45,858	–	-0.21%	–
DISCA	Exit	DISCOVERY INC	$0	–	-133,720	–	-0.21%	–
MGA	Exit	MAGNA INTL INC	$0	–	-64,889	–	-0.22%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-45,640	–	-0.22%	–
MCO	Exit	MOODYS CORP	$0	–	-10,441	–	-0.22%	–
ORCL	Exit	ORACLE CORP	$0	–	-56,035	–	-0.24%	–
STT	Exit	STATE STR CORP	$0	–	-56,861	–	-0.25%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-29,164	–	-0.26%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-80,287	–	-0.29%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-87,196	–	-0.30%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-113,079	–	-0.30%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-22,540	–	-0.34%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-71,210	–	-0.36%	–
UNP	Exit	UNION PAC CORP	$0	–	-25,488	–	-0.37%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-46,761	–	-0.38%	–
BLL	Exit	BALL CORP	$0	–	-62,710	–	-0.38%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-58,380	–	-0.40%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-24,788	–	-0.42%	–
FISV	Exit	FISERV INC	$0	–	-56,820	–	-0.43%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-101,618	–	-0.43%	–
CM	Exit	CANADIAN IMP BK COMM	$0	–	-80,290	–	-0.44%	–
PEP	Exit	PEPSICO INC	$0	–	-46,209	–	-0.47%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-43,857	–	-0.48%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-39,275	–	-0.48%	–
FTV	Exit	FORTIVE CORP	$0	–	-90,006	–	-0.50%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-64,897	–	-0.51%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-121,368	–	-0.52%	–
BKNG	Exit	BOOKING HOLDINGS INC	$0	–	-4,200	–	-0.52%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-76,567	–	-0.54%	–
INTU	Exit	INTUIT	$0	–	-23,041	–	-0.55%	–
TJX	Exit	TJX COS INC NEW	$0	–	-137,363	–	-0.56%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-35,664	–	-0.56%	–
LOW	Exit	LOWES COS INC	$0	–	-49,470	–	-0.60%	–
DIS	Exit	DISNEY WALT CO	$0	–	-70,586	–	-0.64%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-24,706	–	-0.64%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-730,914	–	-0.65%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-61,591	–	-0.74%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-33,329	–	-0.76%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-578,701	–	-0.77%	–
ADBE	Exit	ADOBE SYSTEMS INCORPORATED	$0	–	-23,688	–	-0.85%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-7,967	–	-0.86%	–
AVGO	Exit	BROADCOM INC	$0	–	-36,545	–	-0.97%	–
NKE	Exit	NIKE INCcl b	$0	–	-106,278	–	-0.98%	–
V	Exit	VISA INC	$0	–	-68,453	–	-1.00%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-178,798	–	-1.04%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-883,755	–	-1.04%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-353,779	–	-1.47%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-207,318	–	-1.57%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-51,779	–	-1.67%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-417,446	–	-1.76%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-118,856	–	-1.83%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-616,438	–	-1.90%	–
AAPL	Exit	APPLE INC	$0	–	-230,556	–	-1.95%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-1,320,813	–	-2.06%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-724,257	–	-2.11%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-461,370	–	-2.28%	–
KL	Exit	KIRKLAND LAKE GOLD LTD	$0	–	-649,427	–	-2.31%	–
FTS	Exit	FORTIS INC	$0	–	-778,141	–	-2.32%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-104,495	–	-2.32%	–
TRP	Exit	TC ENERGY CORP	$0	–	-885,427	–	-2.75%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,888,183	–	-2.92%	–
BCE	Exit	BCE INC	$0	–	-1,031,389	–	-3.16%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-1,998,380	–	-4.09%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-56,573	–	-4.21%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,990,505	–	-4.23%	–
BNS	Exit	BANK NOVA SCOTIA B C	$0	–	-1,456,340	–	-4.41%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-611,476	–	-4.74%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-2,320,253	–	-5.59%	–
RY	Exit	ROYAL BK CDA	$0	–	-1,166,631	–	-5.96%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,791,200	–	-6.04%	–

Q3 2020

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$82,671,000	-8.1%	1,791,200	-11.4%	6.04%	-3.7%
RY	Sell	ROYAL BK CDA	$81,655,000	-8.4%	1,166,631	-11.5%	5.96%	-4.0%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$76,535,000	-7.3%	2,320,253	-7.8%	5.59%	-2.9%
CNI	Sell	CANADIAN NATL RY CO	$64,918,000	+5.6%	611,476	-12.3%	4.74%	+10.6%
BNS	Sell	BANK NOVA SCOTIA B C	$60,314,000	-10.7%	1,456,340	-11.0%	4.41%	-6.5%
ENB	Sell	ENBRIDGE INC	$57,969,000	-15.4%	1,990,505	-11.9%	4.23%	-11.4%
SHOP	Sell	SHOPIFY INCcl a	$57,673,000	+2.0%	56,573	-5.2%	4.21%	+6.9%
GOLD	Sell	BARRICK GOLD CORP	$55,954,000	-7.7%	1,998,380	-11.6%	4.09%	-3.3%
BCE	Sell	BCE INC	$43,282,000	-17.1%	1,031,389	-16.6%	3.16%	-13.1%
MFC	Sell	MANULIFE FINL CORP	$40,045,000	-9.2%	2,888,183	-11.2%	2.92%	-4.9%
TRP	Sell	TC ENERGY CORP	$37,590,000	-12.1%	885,427	-10.6%	2.75%	-7.9%
CP	Sell	CANADIAN PAC RY LTD	$31,761,000	+4.9%	104,495	-12.3%	2.32%	+9.8%
FTS	Sell	FORTIS INC	$31,714,000	-4.7%	778,141	-11.4%	2.32%	-0.2%
KL	Buy	KIRKLAND LAKE GOLD LTD	$31,684,000	+42.8%	649,427	+20.5%	2.31%	+49.6%
GIB	Sell	CGI INCcl a sub vtg	$31,217,000	-5.1%	461,370	-11.9%	2.28%	-0.6%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$28,910,000	-12.7%	724,257	-11.6%	2.11%	-8.5%
PBA	Sell	PEMBINA PIPELINE CORP	$28,154,000	-24.9%	1,320,813	-11.6%	2.06%	-21.3%
AAPL	Buy	APPLE INC	$26,700,000	+16.6%	230,556	+267.4%	1.95%	+22.1%
OTEX	Sell	OPEN TEXT CORP	$25,972,000	-3.0%	616,438	-2.5%	1.90%	+1.6%
MSFT	Sell	MICROSOFT CORP	$24,999,000	+2.0%	118,856	-1.4%	1.83%	+6.8%
QSR	Sell	RESTAURANT BRANDS INTL INC	$24,118,000	-6.0%	417,446	-11.7%	1.76%	-1.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$22,873,000	+14.9%	51,779	-5.7%	1.67%	+20.4%
WCN	Sell	WASTE CONNECTIONS INC	$21,481,000	-2.8%	207,318	-12.4%	1.57%	+1.8%
DSGX	Sell	DESCARTES SYS GROUP INC	$20,091,000	-5.1%	353,779	-12.1%	1.47%	-0.6%
CNQ	Buy	CANADIAN NAT RES LTD	$14,269,000	+140.7%	883,755	+162.5%	1.04%	+152.3%
AEM	Sell	AGNICO EAGLE MINES LTD	$14,200,000	-71.6%	178,798	-77.2%	1.04%	-70.3%
V	Buy	VISA INC	$13,687,000	+4.1%	68,453	+0.5%	1.00%	+9.1%
NKE	Sell	NIKE INCcl b	$13,363,000	+26.8%	106,278	-0.9%	0.98%	+32.8%
AVGO	Sell	BROADCOM INC	$13,314,000	+11.7%	36,545	-3.2%	0.97%	+17.1%
GOOG	Buy	ALPHABET INCcap stk cl c	$11,708,000	+6.7%	7,967	+2.6%	0.86%	+11.8%
ADBE	Sell	ADOBE SYSTEMS INCORPORATED	$11,617,000	+9.1%	23,688	-3.2%	0.85%	+14.3%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$10,527,000	-1.0%	578,701	-11.5%	0.77%	+3.8%
UNH	Buy	UNITEDHEALTH GROUP INC	$10,393,000	+8.0%	33,329	+2.1%	0.76%	+13.1%
HON	Buy	HONEYWELL INTL INC	$10,139,000	+13.9%	61,591	+0.0%	0.74%	+19.3%
SU	Sell	SUNCOR ENERGY INC NEW	$8,897,000	-36.0%	730,914	-11.6%	0.65%	-32.9%
COST	Sell	COSTCO WHSL CORP NEW	$8,770,000	+13.3%	24,706	-3.2%	0.64%	+18.7%
DIS	Buy	DISNEY WALT CO	$8,756,000	+11.5%	70,586	+0.2%	0.64%	+16.8%
LOW	Buy	LOWES COS INC	$8,206,000	+31.1%	49,470	+6.8%	0.60%	+37.4%
DHR	Sell	DANAHER CORPORATION	$7,685,000	+17.9%	35,664	-3.2%	0.56%	+23.3%
TJX	Sell	TJX COS INC NEW	$7,645,000	+6.6%	137,363	-3.2%	0.56%	+11.6%
INTU	Sell	INTUIT	$7,517,000	+6.6%	23,041	-3.2%	0.55%	+11.6%
JPM	Sell	JPMORGAN CHASE & CO	$7,371,000	-0.9%	76,567	-3.2%	0.54%	+3.7%
BKNG	Buy	BOOKING HOLDINGS INC	$7,186,000	+7.5%	4,200	+0.1%	0.52%	+12.7%
CVS	Buy	CVS HEALTH CORP	$7,089,000	-0.8%	121,368	+10.4%	0.52%	+4.0%
APH	Sell	AMPHENOL CORP NEWcl a	$7,041,000	+12.6%	64,897	-0.3%	0.51%	+17.9%
FTV	Buy	FORTIVE CORP	$6,860,000	+14.0%	90,006	+1.2%	0.50%	+19.3%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$6,544,000	+73.1%	39,275	+15.4%	0.48%	+81.1%
JNJ	Sell	JOHNSON & JOHNSON	$6,529,000	+2.5%	43,857	-3.2%	0.48%	+7.4%
PEP	Buy	PEPSICO INC	$6,405,000	+5.1%	46,209	+0.3%	0.47%	+10.1%
CM	Sell	CANADIAN IMP BK COMM	$6,069,000	+7.9%	80,290	-3.3%	0.44%	+13.0%
FISV	Buy	FISERV INC	$5,855,000	+12.1%	56,820	+6.2%	0.43%	+17.6%
MDLZ	Buy	MONDELEZ INTL INCcl a	$5,865,000	+15.0%	101,618	+2.3%	0.43%	+20.2%
BDX	Buy	BECTON DICKINSON & CO	$5,767,000	+0.3%	24,788	+3.2%	0.42%	+5.0%
CHD	Sell	CHURCH & DWIGHT INC	$5,471,000	+17.4%	58,380	-3.2%	0.40%	+23.1%
BLL	Buy	BALL CORP	$5,212,000	+26.8%	62,710	+6.0%	0.38%	+32.8%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$5,169,000	-0.1%	46,761	-3.2%	0.38%	+4.7%
UNP	Sell	UNION PAC CORP	$5,018,000	+12.8%	25,488	-3.2%	0.37%	+18.4%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,943,000	+25.6%	71,210	+2.9%	0.36%	+31.8%
SYK	Sell	STRYKER CORPORATION	$4,709,000	+11.9%	22,540	-3.2%	0.34%	+17.4%
SCHW	Sell	SCHWAB CHARLES CORP	$4,098,000	+4.0%	113,079	-3.2%	0.30%	+8.7%
CMCSA	Buy	COMCAST CORP NEWcl a	$4,034,000	+32.0%	87,196	+11.8%	0.30%	+38.5%
HRL	Sell	HORMEL FOODS CORP	$3,925,000	-2.0%	80,287	-3.2%	0.29%	+2.9%
IFF	Buy	INTERNATIONAL FLAVORS&FRAGRA	$3,591,000	+6.1%	29,164	+6.1%	0.26%	+11.0%
STT	Sell	STATE STR CORP	$3,400,000	-9.4%	56,861	-3.0%	0.25%	-5.3%
ORCL	Sell	ORACLE CORP	$3,345,000	+4.9%	56,035	-2.9%	0.24%	+9.9%
CIGI	New	COLLIERS INTL GROUP INC	$3,032,000	–	45,640	–	0.22%	–
MCO	Sell	MOODYS CORP	$3,027,000	+2.2%	10,441	-3.2%	0.22%	+6.8%
MGA	Sell	MAGNA INTL INC	$2,958,000	-10.2%	64,889	-12.5%	0.22%	-6.1%
DISCA	Sell	DISCOVERY INC	$2,912,000	-23.2%	133,720	-25.6%	0.21%	-19.3%
GILD	Sell	GILEAD SCIENCES INC	$2,899,000	-20.4%	45,858	-3.2%	0.21%	-16.5%
IWM	Buy	ISHARES TRrussell 2000 etf	$2,716,000	+11.8%	18,130	+6.8%	0.20%	+17.2%
ELAN	Buy	ELANCO ANIMAL HEALTH INC	$2,498,000	+71.1%	89,388	+31.3%	0.18%	+78.4%
LIN	Sell	LINDE PLC	$2,379,000	+9.2%	9,992	-2.7%	0.17%	+14.5%
PNC	Sell	PNC FINL SVCS GROUP INC	$2,293,000	-28.5%	20,864	-31.5%	0.17%	-25.4%
WAB	Buy	WABTEC	$2,131,000	+24.0%	34,419	+15.3%	0.16%	+30.0%
STE	Buy	STERIS PLC	$1,973,000	+28.3%	11,197	+11.8%	0.14%	+34.6%
GPN	Buy	GLOBAL PMTS INC	$1,944,000	+161.3%	10,943	+149.6%	0.14%	+173.1%
MIDD	Buy	MIDDLEBY CORP	$1,822,000	+31.9%	20,315	+16.1%	0.13%	+38.5%
TGT	New	TARGET CORP	$1,512,000	–	9,601	–	0.11%	–
FFIV	Sell	F5 NETWORKS INC	$1,408,000	-14.8%	11,461	-3.2%	0.10%	-10.4%
COO	Buy	COOPER COS INC	$1,338,000	+66.2%	3,969	+39.8%	0.10%	+75.0%
FNV	Sell	FRANCO NEV CORP	$1,301,000	-57.3%	9,347	-57.3%	0.10%	-55.4%
NTR	Sell	NUTRIEN LTD	$1,272,000	-71.2%	32,198	-76.3%	0.09%	-69.8%
HSIC	Buy	HENRY SCHEIN INC	$1,224,000	+13.1%	20,844	+12.4%	0.09%	+18.7%
WPM	Sell	WHEATON PRECIOUS METALS CORP	$1,019,000	+7.8%	20,835	-3.3%	0.07%	+12.1%
BMO	Buy	BANK MONTREAL QUE	$751,000	+13.8%	12,902	+3.6%	0.06%	+19.6%
KGC	New	KINROSS GOLD CORP	$469,000	–	53,350	–	0.03%	–
	New	BRP INC	$236,000	–	4,473	–	0.02%	–
GRFS	New	GRIFOLS S Asp adr rep b nvt	$225,000	–	12,980	–	0.02%	–
MET	Exit	METLIFE INC	$0	–	-6,745	–	-0.02%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-4,263	–	-0.02%	–
ECL	Exit	ECOLAB INC	$0	–	-1,635	–	-0.02%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-5,226	–	-0.11%	–

Q2 2020

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$89,911,000	–	2,021,104	–	6.27%	–
RY	New	ROYAL BK CDA	$89,101,000	–	1,317,498	–	6.22%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$82,525,000	–	2,515,703	–	5.76%	–
ENB	New	ENBRIDGE INC	$68,513,000	–	2,260,465	–	4.78%	–
BNS	New	BANK NOVA SCOTIA B C	$67,525,000	–	1,637,030	–	4.71%	–
CNI	New	CANADIAN NATL RY CO	$61,487,000	–	697,218	–	4.29%	–
GOLD	New	BARRICK GOLD CORPORATION	$60,614,000	–	2,259,960	–	4.23%	–
SHOP	New	SHOPIFY INCcl a	$56,517,000	–	59,683	–	3.94%	–
BCE	New	BCE INC	$52,180,000	–	1,236,701	–	3.64%	–
AEM	New	AGNICO EAGLE MINES LTD	$50,025,000	–	783,788	–	3.49%	–
MFC	New	MANULIFE FINL CORP	$44,089,000	–	3,251,233	–	3.08%	–
TRP	New	TC ENERGY CORP	$42,745,000	–	989,927	–	2.98%	–
PBA	New	PEMBINA PIPELINE CORP	$37,476,000	–	1,494,223	–	2.61%	–
FTS	New	FORTIS INC	$33,285,000	–	878,021	–	2.32%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$33,106,000	–	819,081	–	2.31%	–
GIB	New	CGI INCcl a sub vtg	$32,879,000	–	523,594	–	2.29%	–
CP	New	CANADIAN PAC RY LTD	$30,282,000	–	119,135	–	2.11%	–
OTEX	New	OPEN TEXT CORP	$26,771,000	–	632,475	–	1.87%	–
QSR	New	RESTAURANT BRANDS INTL INC	$25,649,000	–	472,800	–	1.79%	–
MSFT	New	MICROSOFT CORP	$24,520,000	–	120,498	–	1.71%	–
AAPL	New	APPLE INC	$22,890,000	–	62,748	–	1.60%	–
KL	New	KIRKLAND LAKE GOLD LTD	$22,181,000	–	538,797	–	1.55%	–
WCN	New	WASTE CONNECTIONS INC	$22,092,000	–	236,568	–	1.54%	–
DSGX	New	DESCARTES SYS GROUP INC	$21,180,000	–	402,479	–	1.48%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$19,900,000	–	54,897	–	1.39%	–
SU	New	SUNCOR ENERGY INC NEW	$13,891,000	–	826,514	–	0.97%	–
V	New	VISA INC	$13,150,000	–	68,080	–	0.92%	–
AVGO	New	BROADCOM INC	$11,916,000	–	37,758	–	0.83%	–
GOOG	New	ALPHABET INCcap stk cl c	$10,974,000	–	7,763	–	0.76%	–
ADBE	New	ADOBE INC	$10,651,000	–	24,468	–	0.74%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$10,630,000	–	653,961	–	0.74%	–
NKE	New	NIKE INCcl b	$10,541,000	–	107,259	–	0.74%	–
UNH	New	UNITEDHEALTH GROUP INC	$9,625,000	–	32,630	–	0.67%	–
HON	New	HONEYWELL INTL INC	$8,905,000	–	61,590	–	0.62%	–
DIS	New	DISNEY WALT CO	$7,855,000	–	70,420	–	0.55%	–
COST	New	COSTCO WHSL CORP NEW	$7,741,000	–	25,527	–	0.54%	–
JPM	New	JPMORGAN CHASE & CO	$7,440,000	–	79,097	–	0.52%	–
TJX	New	TJX COS INC NEW	$7,174,000	–	141,905	–	0.50%	–
CVS	New	CVS HEALTH CORP	$7,145,000	–	109,966	–	0.50%	–
INTU	New	INTUIT	$7,049,000	–	23,804	–	0.49%	–
BKNG	New	BOOKING HOLDINGS INC	$6,682,000	–	4,197	–	0.47%	–
DHR	New	DANAHER CORPORATION	$6,521,000	–	36,845	–	0.46%	–
JNJ	New	JOHNSON & JOHNSON	$6,372,000	–	45,308	–	0.44%	–
LOW	New	LOWES COS INC	$6,257,000	–	46,306	–	0.44%	–
APH	New	AMPHENOL CORP NEWcl a	$6,255,000	–	65,123	–	0.44%	–
PEP	New	PEPSICO INC	$6,092,000	–	46,068	–	0.42%	–
FTV	New	FORTIVE CORP	$6,018,000	–	88,932	–	0.42%	–
CNQ	New	CANADIAN NAT RES LTD	$5,927,000	–	336,681	–	0.41%	–
BDX	New	BECTON DICKINSON & CO	$5,750,000	–	24,029	–	0.40%	–
CM	New	CANADIAN IMP BK COMM	$5,624,000	–	83,030	–	0.39%	–
FISV	New	FISERV INC	$5,221,000	–	53,496	–	0.36%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$5,173,000	–	48,301	–	0.36%	–
MDLZ	New	MONDELEZ INTL INCcl a	$5,100,000	–	99,295	–	0.36%	–
CHD	New	CHURCH & DWIGHT INC	$4,662,000	–	60,310	–	0.32%	–
UNP	New	UNION PAC CORP	$4,450,000	–	26,323	–	0.31%	–
NTR	New	NUTRIEN LTD	$4,414,000	–	135,927	–	0.31%	–
SYK	New	STRYKER CORPORATION	$4,207,000	–	23,288	–	0.29%	–
BLL	New	BALL CORP	$4,110,000	–	59,138	–	0.29%	–
HRL	New	HORMEL FOODS CORP	$4,004,000	–	82,943	–	0.28%	–
SCHW	New	SCHWAB CHARLES CORP	$3,942,000	–	116,807	–	0.28%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$3,935,000	–	69,217	–	0.27%	–
DISCA	New	DISCOVERY INC	$3,790,000	–	179,613	–	0.26%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$3,781,000	–	34,020	–	0.26%	–
STT	New	STATE STR CORP	$3,753,000	–	58,642	–	0.26%	–
GILD	New	GILEAD SCIENCES INC	$3,644,000	–	47,374	–	0.25%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$3,384,000	–	27,485	–	0.24%	–
MGA	New	MAGNA INTL INC	$3,294,000	–	74,199	–	0.23%	–
PNC	New	PNC FINL SVCS GROUP INC	$3,206,000	–	30,477	–	0.22%	–
ORCL	New	ORACLE CORP	$3,189,000	–	57,722	–	0.22%	–
FNV	New	FRANCO NEV CORP	$3,049,000	–	21,907	–	0.21%	–
CMCSA	New	COMCAST CORP NEWcl a	$3,055,000	–	77,979	–	0.21%	–
MCO	New	MOODYS CORP	$2,962,000	–	10,784	–	0.21%	–
IWM	New	ISHARES TRrussell 2000 etf	$2,430,000	–	16,970	–	0.17%	–
LIN	New	LINDE PLC	$2,179,000	–	10,271	–	0.15%	–
WAB	New	WABTEC	$1,718,000	–	29,849	–	0.12%	–
FFIV	New	F5 NETWORKS INC	$1,652,000	–	11,838	–	0.12%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$1,620,000	–	5,226	–	0.11%	–
STE	New	STERIS PLC	$1,538,000	–	10,019	–	0.11%	–
ELAN	New	ELANCO ANIMAL HEALTH INC	$1,460,000	–	68,095	–	0.10%	–
MIDD	New	MIDDLEBY CORP	$1,381,000	–	17,497	–	0.10%	–
SLF	New	SUN LIFE FINANCIAL INC.	$1,111,000	–	30,340	–	0.08%	–
HSIC	New	HENRY SCHEIN INC	$1,082,000	–	18,539	–	0.08%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$945,000	–	21,555	–	0.07%	–
TU	New	TELUS CORPORATION	$918,000	–	53,660	–	0.06%	–
BPY	New	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$873,000	–	88,301	–	0.06%	–
COO	New	COOPER COS INC	$805,000	–	2,840	–	0.06%	–
EWJ	New	ISHARES INCmsci jpn etf new	$770,000	–	14,022	–	0.05%	–
GPN	New	GLOBAL PMTS INC	$744,000	–	4,384	–	0.05%	–
BMO	New	BANK MONTREAL QUE	$660,000	–	12,450	–	0.05%	–
SAP	New	SAP SEspon adr	$504,000	–	3,601	–	0.04%	–
ECL	New	ECOLAB INC	$326,000	–	1,635	–	0.02%	–
DEO	New	DIAGEO P L Cspon adr new	$287,000	–	2,133	–	0.02%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$263,000	–	4,263	–	0.02%	–
MET	New	METLIFE INC	$246,000	–	6,745	–	0.02%	–
RELX	New	RELX PLCsponsored adr	$224,000	–	9,500	–	0.02%	–
CVE	New	CENOVUS ENERGY INC	$52,000	–	11,260	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
GE	Exit	GENERAL ELECTRIC CO	$0	–	-12,500	–	-0.01%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-9,500	–	-0.02%	–
PUK	Exit	PRUDENTIAL PLCadr	$0	–	-6,515	–	-0.02%	–
	Exit	BRP INC	$0	–	-7,970	–	-0.02%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-19,500	–	-0.02%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-2,133	–	-0.02%	–
CAE	Exit	CAE INC	$0	–	-14,952	–	-0.03%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,601	–	-0.03%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-22,170	–	-0.04%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-14,022	–	-0.06%	–
ECL	Exit	ECOLAB INC	$0	–	-4,608	–	-0.06%	–
MET	Exit	METLIFE INC	$0	–	-19,399	–	-0.06%	–
HSIC	Exit	HENRY SCHEIN INC	$0	–	-16,387	–	-0.07%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-15,785	–	-0.08%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-10,712	–	-0.09%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-9,689	–	-0.10%	–
WAB	Exit	WABTEC CORP	$0	–	-18,926	–	-0.10%	–
STE	Exit	STERIS PLC	$0	–	-10,014	–	-0.10%	–
TU	Exit	TELUS CORP	$0	–	-42,080	–	-0.11%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-34,390	–	-0.11%	–
BPY	Exit	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$0	–	-82,901	–	-0.12%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-12,308	–	-0.12%	–
LIN	Exit	LINDE PLC	$0	–	-8,740	–	-0.12%	–
BLL	Exit	BALL CORP	$0	–	-23,960	–	-0.12%	–
FDX	Exit	FEDEX CORP	$0	–	-12,180	–	-0.12%	–
MCO	Exit	MOODYS CORP	$0	–	-8,826	–	-0.13%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-89,994	–	-0.14%	–
ERF	Exit	ENERPLUS CORP	$0	–	-273,645	–	-0.14%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-13,855	–	-0.15%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-10,267	–	-0.15%	–
USB	Exit	US BANCORP DEL	$0	–	-42,071	–	-0.16%	–
STT	Exit	STATE STR CORP	$0	–	-40,221	–	-0.17%	–
FISV	Exit	FISERV INC	$0	–	-24,091	–	-0.18%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-20,614	–	-0.18%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-22,954	–	-0.19%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-63,781	–	-0.20%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-67,875	–	-0.21%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-28,193	–	-0.22%	–
FTV	Exit	FORTIVE CORP	$0	–	-45,388	–	-0.22%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-51,370	–	-0.23%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-50,670	–	-0.23%	–
UNP	Exit	UNION PACIFIC CORP	$0	–	-21,425	–	-0.24%	–
LOW	Exit	LOWES COS INC	$0	–	-32,413	–	-0.25%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-39,336	–	-0.25%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-89,500	–	-0.26%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-49,530	–	-0.26%	–
DISCA	Exit	DISCOVERY INC	$0	–	-145,532	–	-0.27%	–
NTR	Exit	NUTRIEN LTD	$0	–	-77,099	–	-0.27%	–
SCHW	Exit	THE CHARLES SCHWAB CORPORATI	$0	–	-95,094	–	-0.28%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-72,114	–	-0.28%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-29,498	–	-0.29%	–
SYK	Exit	STRYKER CORP	$0	–	-19,130	–	-0.29%	–
DHR	Exit	DANAHER CORPORATION	$0	–	-30,274	–	-0.31%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-34,126	–	-0.31%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-88,977	–	-0.32%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-17,806	–	-0.32%	–
ORCL	Exit	ORACLE CORP	$0	–	-83,479	–	-0.32%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-76,134	–	-0.32%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-74,248	–	-0.33%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-57,250	–	-0.34%	–
ECA	Exit	ENCANA CORP	$0	–	-1,081,805	–	-0.35%	–
INTU	Exit	INTUIT	$0	–	-19,508	–	-0.36%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-53,883	–	-0.37%	–
PEP	Exit	PEPSICO INC	$0	–	-38,386	–	-0.37%	–
ADBE	Exit	ADOBE INC	$0	–	-20,022	–	-0.39%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-26,931	–	-0.41%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-20,877	–	-0.42%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-36,534	–	-0.44%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-56,040	–	-0.46%	–
TJX	Exit	TJX COS INC NEW	$0	–	-123,308	–	-0.48%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-3,541	–	-0.49%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-5,760	–	-0.49%	–
MGA	Exit	MAGNA INTL INC	$0	–	-134,920	–	-0.51%	–
DIS	Exit	DISNEY WALT CO	$0	–	-57,397	–	-0.53%	–
AVGO	Exit	BROADCOM INC	$0	–	-30,974	–	-0.61%	–
NKE	Exit	NIKE INCcl b	$0	–	-101,596	–	-0.67%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-1,025,690	–	-0.68%	–
V	Exit	VISA INC	$0	–	-61,415	–	-0.74%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-302,968	–	-0.76%	–
AAPL	Exit	APPLE INC	$0	–	-51,189	–	-0.81%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-615,792	–	-0.85%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-47,467	–	-0.97%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-106,049	–	-1.04%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-569,814	–	-1.05%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-48,310	–	-1.06%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-445,291	–	-1.27%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-467,993	–	-1.34%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-226,134	–	-1.46%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-422,140	–	-1.59%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-103,727	–	-1.63%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-365,143	–	-2.03%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-782,891	–	-2.05%	–
FTS	Exit	FORTIS INC	$0	–	-722,420	–	-2.15%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-431,148	–	-2.17%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-113,068	–	-2.37%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-756,162	–	-2.61%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,504,252	–	-2.85%	–
TRP	Exit	TC ENERGY CORP	$0	–	-841,868	–	-3.10%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,487,036	–	-3.30%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-539,558	–	-3.41%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,776,912	–	-3.59%	–
BCE	Exit	BCE INC	$0	–	-1,143,993	–	-3.94%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-624,638	–	-4.01%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,809,725	–	-4.47%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,377,641	–	-5.15%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,359,194	–	-5.50%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-1,219,837	–	-6.97%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,832,791	–	-7.53%	–

Q3 2019

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$106,938,000	-5.3%	1,832,791	-5.0%	7.53%	-8.0%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$99,015,000	+0.7%	1,219,837	-1.2%	6.97%	-2.2%
BNS	Sell	BANK N S HALIFAX	$78,175,000	+5.8%	1,359,194	-0.8%	5.50%	+2.7%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$73,203,000	+14.4%	1,377,641	+3.2%	5.15%	+11.1%
ENB	Sell	ENBRIDGE INC	$63,558,000	-5.3%	1,809,725	-2.4%	4.47%	-8.1%
FNV	Buy	FRANCO NEVADA CORP	$56,956,000	+83.7%	624,638	+71.3%	4.01%	+78.4%
BCE	Buy	BCE INC	$56,051,000	+21.3%	1,143,993	+14.4%	3.94%	+17.8%
MFC	Sell	MANULIFE FINL CORP	$50,964,000	-0.5%	2,776,912	-1.3%	3.59%	-3.4%
CNI	Sell	CANADIAN NATL RY CO	$48,480,000	-4.4%	539,558	-1.3%	3.41%	-7.1%
SU	Sell	SUNCOR ENERGY INC NEW	$46,936,000	-0.5%	1,487,036	-1.5%	3.30%	-3.4%
TRP	Sell	TC ENERGY CORP	$44,097,000	+3.3%	841,868	-0.9%	3.10%	+0.3%
CNQ	Sell	CANADIAN NAT RES LTD	$40,464,000	-3.9%	1,504,252	-2.5%	2.85%	-6.7%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$37,142,000	-1.3%	756,162	+8.5%	2.61%	-4.2%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$33,687,000	-2.7%	113,068	-3.9%	2.37%	-5.5%
QSR	Sell	RESTAURANT BRANDS INTL INC	$30,890,000	+0.7%	431,148	-1.3%	2.17%	-2.2%
FTS	New	FORTIS INC	$30,563,000	–	722,420	–	2.15%	–
PBA	Sell	PEMBINA PIPELINE CORP	$29,156,000	-3.2%	782,891	-2.6%	2.05%	-6.0%
GIB	Sell	CGI INCcl a sub vtg	$28,892,000	+1.4%	365,143	-1.3%	2.03%	-1.5%
CP	Sell	CANADIAN PAC RY LTD	$23,128,000	-7.0%	103,727	-1.3%	1.63%	-9.7%
AEM	Sell	AGNICO EAGLE MINES LTD	$22,639,000	-16.9%	422,140	-20.4%	1.59%	-19.3%
WCN	Sell	WASTE CONNECTIONS INC	$20,789,000	-4.9%	226,134	-1.0%	1.46%	-7.6%
OTEX	Buy	OPEN TEXT CORP	$19,101,000	+17.3%	467,993	+18.8%	1.34%	+13.8%
DSGX	Sell	DESCARTES SYS GROUP INC	$17,986,000	+7.5%	445,291	-1.3%	1.27%	+4.5%
SHOP	Sell	SHOPIFY INCcl a	$15,045,000	+2.1%	48,310	-1.2%	1.06%	-0.7%
WPM	Sell	WHEATON PRECIOUS METALS CORP	$14,952,000	-12.1%	569,814	-18.8%	1.05%	-14.7%
MSFT	Sell	MICROSOFT CORP	$14,744,000	+3.5%	106,049	-0.3%	1.04%	+0.5%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$13,833,000	-3.5%	47,467	-2.7%	0.97%	-6.3%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$12,108,000	-5.1%	615,792	-1.3%	0.85%	-7.9%
AAPL	Sell	APPLE INC	$11,465,000	+12.5%	51,189	-0.6%	0.81%	+9.3%
GIL	Sell	GILDAN ACTIVEWEAR INC	$10,761,000	-9.5%	302,968	-1.2%	0.76%	-12.2%
V	Sell	VISA INC	$10,564,000	-2.5%	61,415	-1.7%	0.74%	-5.2%
CVE	Buy	CENOVUS ENERGY INC	$9,631,000	+10.1%	1,025,690	+3.7%	0.68%	+6.9%
NKE	Sell	NIKE INCcl b	$9,542,000	+11.3%	101,596	-0.3%	0.67%	+8.0%
AVGO	Sell	BROADCOM INC	$8,620,000	-4.4%	30,974	-0.4%	0.61%	-7.2%
DIS	Sell	DISNEY WALT CO	$7,480,000	-7.3%	57,397	-0.7%	0.53%	-10.1%
MGA	Sell	MAGNA INTL INC	$7,197,000	+5.6%	134,920	-1.3%	0.51%	+2.6%
GOOG	Buy	ALPHABET INCcap stk cl c	$7,021,000	+35.2%	5,760	+19.9%	0.49%	+31.4%
BKNG	Sell	BOOKING HLDGS INC	$6,950,000	+4.4%	3,541	-0.3%	0.49%	+1.5%
TJX	Sell	TJX COS INC NEW	$6,873,000	+5.0%	123,308	-0.4%	0.48%	+2.1%
JPM	Sell	JPMORGAN CHASE & CO	$6,594,000	+4.8%	56,040	-0.4%	0.46%	+1.8%
HON	Sell	HONEYWELL INTL INC	$6,182,000	-3.4%	36,534	-0.4%	0.44%	-6.2%
COST	Sell	COSTCO WHSL CORP NEW	$6,015,000	+8.2%	20,877	-0.7%	0.42%	+5.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$5,853,000	-9.5%	26,931	+1.7%	0.41%	-12.2%
ADBE	Sell	ADOBE INC	$5,530,000	-6.6%	20,022	-0.4%	0.39%	-9.3%
PEP	Buy	PEPSICO INC	$5,263,000	+34.7%	38,386	+28.8%	0.37%	+30.7%
APH	Buy	AMPHENOL CORP NEWcl a	$5,213,000	+20.7%	53,883	+19.9%	0.37%	+17.3%
INTU	Sell	INTUIT	$5,188,000	+1.4%	19,508	-0.4%	0.36%	-1.6%
ECA	Sell	ENCANA CORP	$4,958,000	-15.1%	1,081,805	-4.8%	0.35%	-17.5%
CM	Buy	CDN IMPERIAL BK COMM TORONTO	$4,789,000	+26.0%	57,250	+20.3%	0.34%	+22.1%
CVS	Buy	CVS HEALTH CORP	$4,683,000	+56.8%	74,248	+35.5%	0.33%	+52.8%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,589,000	-5.1%	76,134	-0.3%	0.32%	-8.0%
ORCL	Sell	ORACLE CORP	$4,593,000	-3.7%	83,479	-0.3%	0.32%	-6.6%
BDX	Buy	BECTON DICKINSON & CO	$4,505,000	+20.9%	17,806	+20.4%	0.32%	+17.4%
WFC	Sell	WELLS FARGO CO NEW	$4,488,000	-8.1%	88,977	-13.8%	0.32%	-10.7%
JNJ	Sell	JOHNSON & JOHNSON	$4,415,000	-7.4%	34,126	-0.4%	0.31%	-10.1%
DHR	Sell	DANAHER CORPORATION	$4,377,000	+0.7%	30,274	-0.4%	0.31%	-2.2%
SYK	Sell	STRYKER CORP	$4,146,000	+4.8%	19,130	-0.4%	0.29%	+1.7%
PNC	Sell	PNC FINL SVCS GROUP INC	$4,134,000	-11.2%	29,498	-13.1%	0.29%	-13.9%
MDLZ	Sell	MONDELEZ INTL INCcl a	$4,007,000	+2.3%	72,114	-0.4%	0.28%	-0.7%
SCHW	Sell	THE CHARLES SCHWAB CORPORATI	$3,977,000	+3.7%	95,094	-0.4%	0.28%	+0.7%
DISCA	Sell	DISCOVERY INC	$3,876,000	-13.5%	145,532	-0.2%	0.27%	-16.0%
NTR	Sell	NUTRIEN LTD	$3,877,000	-73.8%	77,099	-71.8%	0.27%	-74.5%
CHD	Sell	CHURCH & DWIGHT INC	$3,727,000	+2.6%	49,530	-0.4%	0.26%	-0.4%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$3,595,000	+13.6%	39,336	-0.4%	0.25%	+10.5%
LOW	Buy	LOWES COS INC	$3,565,000	+36.1%	32,413	+24.9%	0.25%	+32.1%
UNP	Sell	UNION PACIFIC CORP	$3,471,000	-4.5%	21,425	-0.4%	0.24%	-7.2%
GILD	Sell	GILEAD SCIENCES INC	$3,257,000	-6.5%	51,370	-0.4%	0.23%	-9.1%
FTV	Buy	FORTIVE CORP	$3,112,000	+72.5%	45,388	+105.2%	0.22%	+67.2%
RCL	Sell	ROYAL CARIBBEAN CRUISES LTD	$3,076,000	-10.8%	28,193	-0.2%	0.22%	-13.6%
HRL	Buy	HORMEL FOODS CORP	$2,968,000	+29.3%	67,875	+19.9%	0.21%	+25.9%
CMCSA	Buy	COMCAST CORP NEWcl a	$2,875,000	+32.2%	63,781	+24.0%	0.20%	+27.8%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$2,752,000	+15.9%	22,954	-0.2%	0.19%	+12.8%
IFF	Buy	INTERNATIONAL FLAVORS&FRAGRA	$2,542,000	-4.9%	20,614	+12.4%	0.18%	-7.7%
FISV	Sell	FISERV INC	$2,496,000	+8.1%	24,091	-4.9%	0.18%	+5.4%
STT	Sell	STATE STR CORP	$2,398,000	-28.8%	40,221	-32.6%	0.17%	-30.7%
USB	Sell	US BANCORP DEL	$2,345,000	+5.4%	42,071	-0.4%	0.16%	+2.5%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$2,134,000	-2.9%	10,267	-0.4%	0.15%	-5.7%
IWM	Buy	ISHARES TRrussell 2000 etf	$2,097,000	+1.8%	13,855	+4.6%	0.15%	-0.7%
ERF	Sell	ENERPLUS CORP	$2,043,000	-65.3%	273,645	-64.9%	0.14%	-66.3%
NLSN	Sell	NIELSEN HLDGS PLC	$1,912,000	-29.5%	89,994	-25.0%	0.14%	-31.1%
MCO	Sell	MOODYS CORP	$1,807,000	+4.5%	8,826	-0.4%	0.13%	+1.6%
FDX	Sell	FEDEX CORP	$1,779,000	-11.6%	12,180	-0.4%	0.12%	-14.4%
BLL	Sell	BALL CORP	$1,744,000	-22.5%	23,960	-25.4%	0.12%	-24.5%
LIN	Sell	LINDE PLC	$1,693,000	-5.0%	8,740	-1.4%	0.12%	-7.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$1,680,000	+3.5%	12,308	-1.3%	0.12%	0.0%
STE	Sell	STERIS PLC	$1,447,000	-10.6%	10,014	-7.9%	0.10%	-12.8%
FFIV	Sell	F5 NETWORKS INC	$1,360,000	-48.0%	9,689	-46.0%	0.10%	-49.2%
WAB	Buy	WABTEC CORP	$1,360,000	+39.5%	18,926	+39.2%	0.10%	+35.2%
MIDD	Sell	MIDDLEBY CORP	$1,252,000	-14.8%	10,712	-1.1%	0.09%	-17.8%
BMO	Buy	BANK MONTREAL QUE	$1,164,000	-1.5%	15,785	+1.2%	0.08%	-4.7%
ECL	Sell	ECOLAB INC	$913,000	-12.5%	4,608	-12.6%	0.06%	-15.8%
IMO	Buy	IMPERIAL OIL LTD	$579,000	+140.2%	22,170	+156.6%	0.04%	+141.2%
SAP	Sell	SAP SEspon adr	$425,000	-17.5%	3,601	-4.3%	0.03%	-18.9%
CAE	Buy	CAE INC	$380,000	-3.3%	14,952	+2.5%	0.03%	-3.6%
DEO	Sell	DIAGEO P L Cspon adr new	$352,000	-8.8%	2,133	-4.9%	0.02%	-10.7%
VET	New	VERMILION ENERGY INC	$328,000	–	19,500	–	0.02%	–
	Buy	BRP INC	$311,000	+11.9%	7,970	+2.5%	0.02%	+10.0%
PUK	Sell	PRUDENTIAL PLCadr	$239,000	-20.3%	6,515	-4.8%	0.02%	-22.7%
BHC	Exit	BAUSCH HEALTH COS INC	$0	–	-8,558	–	-0.02%	–
KL	Exit	KIRKLAND LAKE GOLD LTD	$0	–	-9,860	–	-0.03%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-13,450	–	-0.04%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-12,389	–	-0.06%	–
GOLD	Exit	BARRICK GOLD CORPORATION	$0	–	-74,280	–	-0.08%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-19,319	–	-0.12%	–
MEOH	Exit	METHANEX CORP	$0	–	-141,030	–	-0.46%	–

Q2 2019

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$112,949,000	–	1,928,844	–	8.18%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$98,287,000	–	1,234,147	–	7.12%	–
BNS	New	BANK N S HALIFAX	$73,913,000	–	1,369,866	–	5.36%	–
ENB	New	ENBRIDGE INC	$67,146,000	–	1,855,043	–	4.87%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$64,016,000	–	1,335,261	–	4.64%	–
MFC	New	MANULIFE FINL CORP	$51,224,000	–	2,812,564	–	3.71%	–
CNI	New	CANADIAN NATL RY CO	$50,699,000	–	546,645	–	3.67%	–
SU	New	SUNCOR ENERGY INC NEW	$47,181,000	–	1,509,301	–	3.42%	–
BCE	New	BCE INC	$46,195,000	–	999,861	–	3.35%	–
TRP	New	TC ENERGY CORP	$42,707,000	–	849,805	–	3.10%	–
CNQ	New	CANADIAN NAT RES LTD	$42,117,000	–	1,542,304	–	3.05%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$37,644,000	–	696,687	–	2.73%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$34,627,000	–	117,692	–	2.51%	–
FNV	New	FRANCO NEVADA CORP	$31,011,000	–	364,581	–	2.25%	–
QSR	New	RESTAURANT BRANDS INTL INC	$30,668,000	–	436,876	–	2.22%	–
PBA	New	PEMBINA PIPELINE CORP	$30,105,000	–	803,631	–	2.18%	–
GIB	New	CGI INCcl a sub vtg	$28,491,000	–	369,779	–	2.06%	–
AEM	New	AGNICO EAGLE MINES LTD	$27,233,000	–	530,050	–	1.97%	–
CP	New	CANADIAN PAC RY LTD	$24,873,000	–	105,097	–	1.80%	–
WCN	New	WASTE CONNECTIONS INC	$21,860,000	–	228,362	–	1.58%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$17,008,000	–	701,770	–	1.23%	–
DSGX	New	DESCARTES SYS GROUP INC	$16,728,000	–	451,174	–	1.21%	–
OTEX	New	OPEN TEXT CORP	$16,290,000	–	393,863	–	1.18%	–
NTR	New	NUTRIEN LTD	$14,773,000	–	273,404	–	1.07%	–
SHOP	New	SHOPIFY INCcl a	$14,729,000	–	48,900	–	1.07%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,341,000	–	48,798	–	1.04%	–
MSFT	New	MICROSOFT CORP	$14,249,000	–	106,366	–	1.03%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$12,762,000	–	624,062	–	0.92%	–
GIL	New	GILDAN ACTIVEWEAR INC	$11,893,000	–	306,658	–	0.86%	–
V	New	VISA INC	$10,839,000	–	62,459	–	0.78%	–
AAPL	New	APPLE INC	$10,188,000	–	51,475	–	0.74%	–
AVGO	New	BROADCOM INC	$9,018,000	–	31,087	–	0.65%	–
CVE	New	CENOVUS ENERGY INC	$8,745,000	–	989,310	–	0.63%	–
NKE	New	NIKE INCcl b	$8,577,000	–	101,927	–	0.62%	–
DIS	New	DISNEY WALT CO	$8,073,000	–	57,816	–	0.58%	–
MGA	New	MAGNA INTL INC	$6,814,000	–	136,660	–	0.49%	–
BKNG	New	BOOKING HLDGS INC	$6,656,000	–	3,551	–	0.48%	–
TJX	New	TJX COS INC NEW	$6,545,000	–	123,762	–	0.47%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,465,000	–	26,490	–	0.47%	–
MEOH	New	METHANEX CORP	$6,417,000	–	141,030	–	0.46%	–
HON	New	HONEYWELL INTL INC	$6,401,000	–	36,666	–	0.46%	–
JPM	New	JPMORGAN CHASE & CO	$6,289,000	–	56,244	–	0.46%	–
ADBE	New	ADOBE INC	$5,920,000	–	20,095	–	0.43%	–
ERF	New	ENERPLUS CORP	$5,890,000	–	780,715	–	0.43%	–
ECA	New	ENCANA CORP	$5,843,000	–	1,136,015	–	0.42%	–
COST	New	COSTCO WHSL CORP NEW	$5,558,000	–	21,032	–	0.40%	–
GOOG	New	ALPHABET INCcap stk cl c	$5,193,000	–	4,804	–	0.38%	–
INTU	New	INTUIT	$5,115,000	–	19,579	–	0.37%	–
WFC	New	WELLS FARGO CO NEW	$4,883,000	–	103,191	–	0.35%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,838,000	–	76,331	–	0.35%	–
ORCL	New	ORACLE CORP	$4,770,000	–	83,727	–	0.35%	–
JNJ	New	JOHNSON & JOHNSON	$4,770,000	–	34,249	–	0.35%	–
PNC	New	PNC FINL SVCS GROUP INC	$4,658,000	–	33,928	–	0.34%	–
DISCA	New	DISCOVERY INC	$4,481,000	–	145,894	–	0.32%	–
DHR	New	DANAHER CORPORATION	$4,347,000	–	30,384	–	0.32%	–
APH	New	AMPHENOL CORP NEWcl a	$4,320,000	–	44,943	–	0.31%	–
SYK	New	STRYKER CORP	$3,957,000	–	19,199	–	0.29%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,916,000	–	72,375	–	0.28%	–
PEP	New	PEPSICO INC	$3,907,000	–	29,799	–	0.28%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,841,000	–	89,500	–	0.28%	–
SCHW	New	THE CHARLES SCHWAB CORPORATI	$3,835,000	–	95,437	–	0.28%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$3,802,000	–	47,600	–	0.28%	–
BDX	New	BECTON DICKINSON & CO	$3,727,000	–	14,789	–	0.27%	–
UNP	New	UNION PACIFIC CORP	$3,636,000	–	21,502	–	0.26%	–
CHD	New	CHURCH & DWIGHT INC	$3,631,000	–	49,708	–	0.26%	–
GILD	New	GILEAD SCIENCES INC	$3,483,000	–	51,556	–	0.25%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$3,447,000	–	28,257	–	0.25%	–
STT	New	STATE STR CORP	$3,368,000	–	59,678	–	0.24%	–
EFA	New	ISHARES TRmsci eafe etf	$3,331,000	–	50,670	–	0.24%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$3,165,000	–	39,478	–	0.23%	–
CVS	New	CVS HEALTH CORP	$2,986,000	–	54,803	–	0.22%	–
NLSN	New	NIELSEN HLDGS PLC	$2,711,000	–	120,042	–	0.20%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$2,673,000	–	18,340	–	0.19%	–
LOW	New	LOWES COS INC	$2,619,000	–	25,949	–	0.19%	–
FFIV	New	F5 NETWORKS INC	$2,614,000	–	17,951	–	0.19%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,374,000	–	22,992	–	0.17%	–
FISV	New	FISERV INC	$2,310,000	–	25,336	–	0.17%	–
HRL	New	HORMEL FOODS CORP	$2,295,000	–	56,632	–	0.17%	–
BLL	New	BALL CORP	$2,249,000	–	32,136	–	0.16%	–
USB	New	US BANCORP DEL	$2,225,000	–	42,223	–	0.16%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,197,000	–	10,304	–	0.16%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,175,000	–	51,439	–	0.16%	–
IWM	New	ISHARES TRrussell 2000 etf	$2,059,000	–	13,240	–	0.15%	–
FDX	New	FEDEX CORP	$2,013,000	–	12,224	–	0.15%	–
FTV	New	FORTIVE CORP	$1,804,000	–	22,117	–	0.13%	–
LIN	New	LINDE PLC	$1,782,000	–	8,864	–	0.13%	–
MCO	New	MOODYS CORP	$1,730,000	–	8,858	–	0.12%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,647,000	–	19,319	–	0.12%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,623,000	–	12,465	–	0.12%	–
STE	New	STERIS PLC	$1,619,000	–	10,875	–	0.12%	–
BPY	New	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$1,569,000	–	82,901	–	0.11%	–
TU	New	TELUS CORP	$1,577,000	–	42,080	–	0.11%	–
MIDD	New	MIDDLEBY CORP	$1,470,000	–	10,831	–	0.11%	–
SLF	New	SUN LIFE FINL INC	$1,427,000	–	34,390	–	0.10%	–
BMO	New	BANK MONTREAL QUE	$1,182,000	–	15,602	–	0.09%	–
GOLD	New	BARRICK GOLD CORPORATION	$1,175,000	–	74,280	–	0.08%	–
HSIC	New	HENRY SCHEIN INC	$1,146,000	–	16,387	–	0.08%	–
ECL	New	ECOLAB INC	$1,043,000	–	5,275	–	0.08%	–
WAB	New	WABTEC CORP	$975,000	–	13,597	–	0.07%	–
MET	New	METLIFE INC	$963,000	–	19,399	–	0.07%	–
CL	New	COLGATE PALMOLIVE CO	$887,000	–	12,389	–	0.06%	–
EWJ	New	ISHARES INCmsci jpn etf new	$765,000	–	14,022	–	0.06%	–
SLB	New	SCHLUMBERGER LTD	$542,000	–	13,450	–	0.04%	–
SAP	New	SAP SEspon adr	$515,000	–	3,764	–	0.04%	–
KL	New	KIRKLAND LAKE GOLD LTD	$426,000	–	9,860	–	0.03%	–
DEO	New	DIAGEO P L Cspon adr new	$386,000	–	2,243	–	0.03%	–
CAE	New	CAE INC	$393,000	–	14,594	–	0.03%	–
PUK	New	PRUDENTIAL PLCadr	$300,000	–	6,842	–	0.02%	–
	New	BRP INC	$278,000	–	7,779	–	0.02%	–
IMO	New	IMPERIAL OIL LTD	$241,000	–	8,640	–	0.02%	–
RELX	New	RELX PLCsponsored adr	$232,000	–	9,500	–	0.02%	–
BHC	New	BAUSCH HEALTH COS INC	$216,000	–	8,558	–	0.02%	–
GE	New	GENERAL ELECTRIC CO	$132,000	–	12,500	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
TAC	Exit	TRANSALTA CORP	$0	–	-22,500	–	-0.01%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-17,550	–	-0.02%	–
RMD	Exit	RESMED INC	$0	–	-2,167	–	-0.02%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-26,090	–	-0.02%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-7,970	–	-0.02%	–
PUK	Exit	PRUDENTIAL PLCadr	$0	–	-6,842	–	-0.03%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-2,243	–	-0.03%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-32,500	–	-0.03%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,764	–	-0.04%	–
ECL	Exit	ECOLAB INC	$0	–	-5,005	–	-0.06%	–
MET	Exit	METLIFE INC	$0	–	-18,769	–	-0.06%	–
IFF	Exit	INTERNATIONAL FLAVORS&FRAGRA	$0	–	-6,329	–	-0.07%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-14,022	–	-0.07%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-14,019	–	-0.08%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-16,507	–	-0.08%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-51,947	–	-0.08%	–
MIDD	Exit	MIDDLEBY CORP	$0	–	-8,761	–	-0.08%	–
STE	Exit	STERIS PLC	$0	–	-10,221	–	-0.09%	–
IWM	Exit	ISHARES TRrussell 2000 etf	$0	–	-6,585	–	-0.09%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-7,231	–	-0.10%	–
HSIC	Exit	SCHEIN HENRY INC	$0	–	-14,861	–	-0.10%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-31,100	–	-0.10%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-40,837	–	-0.12%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-11,961	–	-0.12%	–
OSB	Exit	NORBORD INC	$0	–	-46,000	–	-0.13%	–
TU	Exit	TELUS CORP	$0	–	-42,060	–	-0.13%	–
PX	Exit	PRAXAIR INC	$0	–	-9,798	–	-0.13%	–
BPY	Exit	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$0	–	-79,101	–	-0.14%	–
MCO	Exit	MOODYS CORP	$0	–	-10,029	–	-0.14%	–
FTV	Exit	FORTIVE CORP	$0	–	-20,255	–	-0.14%	–
FISV	Exit	FISERV INC	$0	–	-24,053	–	-0.15%	–
MMM	Exit	3M CO	$0	–	-9,471	–	-0.16%	–
USB	Exit	US BANCORP DEL	$0	–	-38,471	–	-0.17%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-28,215	–	-0.17%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-64,097	–	-0.21%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-42,202	–	-0.21%	–
LOW	Exit	LOWES COS INC	$0	–	-26,223	–	-0.25%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-27,483	–	-0.25%	–
DISCA	Exit	DISCOVERY INC	$0	–	-100,673	–	-0.26%	–
RCL	Exit	ROYAL CARIBBEAN CRUISES LTD	$0	–	-24,546	–	-0.26%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-41,680	–	-0.27%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-56,241	–	-0.28%	–
FDX	Exit	FEDEX CORP	$0	–	-13,832	–	-0.28%	–
UNP	Exit	UNION PAC CORP	$0	–	-21,067	–	-0.28%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-127,597	–	-0.28%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-50,670	–	-0.28%	–
PEP	Exit	PEPSICO INC	$0	–	-32,140	–	-0.29%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-81,844	–	-0.29%	–
SYK	Exit	STRYKER CORP	$0	–	-20,060	–	-0.30%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-32,845	–	-0.30%	–
CELG	Exit	CELGENE CORP	$0	–	-40,241	–	-0.30%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-77,189	–	-0.31%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-89,500	–	-0.32%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-71,483	–	-0.34%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-44,560	–	-0.35%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-58,369	–	-0.37%	–
ORCL	Exit	ORACLE CORP	$0	–	-91,854	–	-0.38%	–
INTU	Exit	INTUIT	$0	–	-22,152	–	-0.42%	–
MAXR	Exit	MAXAR TECHNOLOGIES LTD	$0	–	-158,542	–	-0.43%	–
STN	Exit	STANTEC INC	$0	–	-212,763	–	-0.44%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-38,767	–	-0.44%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-58,624	–	-0.46%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-23,801	–	-0.46%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-28,028	–	-0.46%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-75,922	–	-0.47%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-2,888	–	-0.47%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-113,535	–	-0.48%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-43,317	–	-0.49%	–
STT	Exit	STATE STR CORP	$0	–	-72,410	–	-0.50%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-38,197	–	-0.52%	–
ERF	Exit	ENERPLUS CORP	$0	–	-532,965	–	-0.54%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-25,206	–	-0.56%	–
MEOH	Exit	METHANEX CORP	$0	–	-87,366	–	-0.57%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-26,768	–	-0.57%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-63,601	–	-0.59%	–
DIS	Exit	DISNEY WALT CO	$0	–	-63,069	–	-0.60%	–
TJX	Exit	TJX COS INC NEW	$0	–	-70,016	–	-0.65%	–
AVGO	Exit	BROADCOM INC	$0	–	-35,181	–	-0.72%	–
MGA	Exit	MAGNA INTL INC	$0	–	-180,160	–	-0.78%	–
NKE	Exit	NIKE INCcl b	$0	–	-112,764	–	-0.78%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-324,571	–	-0.82%	–
V	Exit	VISA INC	$0	–	-67,789	–	-0.82%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-72,540	–	-0.98%	–
BCE	Exit	BCE INC	$0	–	-306,339	–	-1.04%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-53,700	–	-1.07%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-119,473	–	-1.13%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-574,844	–	-1.14%	–
ECA	Exit	ENCANA CORP	$0	–	-1,126,300	–	-1.22%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-445,114	–	-1.25%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-415,918	–	-1.31%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-266,446	–	-1.38%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-266,552	–	-1.75%	–
NTR	Exit	NUTRIEN LTD	$0	–	-374,849	–	-1.80%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-436,687	–	-1.87%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-112,167	–	-1.96%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-385,985	–	-2.06%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-460,426	–	-2.26%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-850,687	–	-2.40%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-112,379	–	-2.71%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-899,245	–	-3.04%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,465,485	–	-3.90%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-573,407	–	-4.25%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,632,972	–	-4.44%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,274,146	–	-4.68%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-3,229,190	–	-4.77%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,523,396	–	-4.87%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-1,294,384	–	-8.57%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,084,977	–	-10.46%	–

Q3 2018

			Value		Shares		↓ Weighting
TD	Buy	TORONTO DOMINION BK ONT	$126,603,000	+7.0%	2,084,977	+1.9%	10.46%	+8.8%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$103,683,000	+9.2%	1,294,384	+2.6%	8.57%	+11.0%
SU	Sell	SUNCOR ENERGY INC NEW	$58,903,000	-5.8%	1,523,396	-0.9%	4.87%	-4.2%
MFC	Sell	MANULIFE FINL CORP	$57,684,000	-1.3%	3,229,190	-0.8%	4.77%	+0.4%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$56,669,000	+8.9%	1,274,146	-0.8%	4.68%	+10.7%
CNQ	Sell	CANADIAN NAT RES LTD	$53,736,000	-10.2%	1,632,972	-0.9%	4.44%	-8.7%
CNI	Sell	CANADIAN NATL RY CO	$51,415,000	+8.8%	573,407	-0.8%	4.25%	+10.6%
ENB	Sell	ENBRIDGE INC	$47,252,000	-10.3%	1,465,485	-0.6%	3.90%	-8.8%
TRP	Sell	TRANSCANADA CORP	$36,837,000	-7.0%	899,245	-0.7%	3.04%	-5.5%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$32,797,000	+3.3%	112,379	-3.6%	2.71%	+5.0%
PBA	Sell	PEMBINA PIPELINE CORP	$29,009,000	-2.5%	850,687	-0.7%	2.40%	-0.9%
QSR	Buy	RESTAURANT BRANDS INTL INC	$27,417,000	+33.8%	460,426	+36.5%	2.26%	+36.0%
GIB	Sell	GROUPE CGI INCcl a sub vtg	$24,870,000	+0.9%	385,985	-0.8%	2.06%	+2.6%
CP	Sell	CANADIAN PAC RY LTD	$23,765,000	+14.5%	112,167	-0.7%	1.96%	+16.5%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$22,606,000	+7.5%	436,687	-0.7%	1.87%	+9.2%
NTR	Buy	NUTRIEN LTD	$21,777,000	+26.2%	374,849	+19.0%	1.80%	+28.2%
WCN	Sell	WASTE CONNECTIONS INC	$21,232,000	+5.0%	266,552	-0.8%	1.75%	+6.7%
FNV	Buy	FRANCO NEVADA CORP	$16,655,000	+4.0%	266,446	+21.3%	1.38%	+5.7%
OTEX	Sell	OPEN TEXT CORP	$15,816,000	+7.3%	415,918	-0.7%	1.31%	+9.1%
DSGX	Sell	DESCARTES SYS GROUP INC	$15,088,000	+3.4%	445,114	-0.7%	1.25%	+5.1%
ECA	Sell	ENCANA CORP	$14,751,000	-0.4%	1,126,300	-0.7%	1.22%	+1.2%
TECK	Sell	TECK RESOURCES LTDcl b	$13,842,000	-6.0%	574,844	-0.7%	1.14%	-4.5%
MSFT	Sell	MICROSOFT CORP	$13,664,000	-6.2%	119,473	-19.1%	1.13%	-4.6%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$12,932,000	-3.8%	53,700	-18.2%	1.07%	-2.1%
BCE	Sell	BCE INC	$12,580,000	-0.5%	306,339	-0.5%	1.04%	+1.1%
SHOP	Sell	SHOPIFY INCcl a	$11,914,000	+11.9%	72,540	-0.7%	0.98%	+13.6%
V	Sell	VISA INC	$9,966,000	-12.7%	67,789	-22.7%	0.82%	-11.3%
GIL	Sell	GILDAN ACTIVEWEAR INC	$9,868,000	+7.1%	324,571	-0.8%	0.82%	+8.8%
NKE	Sell	NIKE INCcl b	$9,488,000	-15.2%	112,764	-20.1%	0.78%	-13.8%
MGA	Sell	MAGNA INTL INC	$9,457,000	-10.3%	180,160	-0.7%	0.78%	-8.9%
AVGO	Sell	BROADCOM INC	$8,679,000	-10.7%	35,181	-12.2%	0.72%	-9.2%
TJX	Sell	TJX COS INC NEW	$7,842,000	-7.6%	70,016	-21.5%	0.65%	-6.1%
DIS	Sell	DISNEY WALT CO	$7,290,000	-9.1%	63,069	-18.4%	0.60%	-7.7%
JPM	Sell	JPMORGAN CHASE & CO	$7,178,000	-15.0%	63,601	-21.5%	0.59%	-13.6%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,916,000	-8.3%	26,768	-15.3%	0.57%	-6.9%
MEOH	Sell	METHANEX CORP	$6,891,000	-53.4%	87,366	-58.2%	0.57%	-52.7%
ADBE	Sell	ADOBE SYS INC	$6,805,000	-24.0%	25,206	-31.3%	0.56%	-22.7%
ERF	Sell	ENERPLUS CORP	$6,581,000	-2.7%	532,965	-0.7%	0.54%	-1.1%
HON	Sell	HONEYWELL INTL INC	$6,356,000	-9.3%	38,197	-21.5%	0.52%	-7.9%
STT	Sell	STATE STR CORP	$6,024,000	-19.3%	72,410	-10.3%	0.50%	-17.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$5,899,000	-20.5%	43,317	-21.2%	0.49%	-19.2%
WFC	Sell	WELLS FARGO CO NEW	$5,850,000	-23.2%	113,535	-18.8%	0.48%	-22.0%
BKNG	Sell	BOOKING HLDGS INC	$5,730,000	-23.2%	2,888	-21.6%	0.47%	-22.1%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$5,718,000	-18.5%	75,922	-16.3%	0.47%	-17.2%
FFIV	Sell	F5 NETWORKS INC	$5,589,000	-9.4%	28,028	-21.6%	0.46%	-7.8%
COST	Sell	COSTCO WHSL CORP NEW	$5,591,000	-11.4%	23,801	-21.2%	0.46%	-9.9%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$5,570,000	-3.4%	58,624	-21.5%	0.46%	-1.9%
JNJ	Sell	JOHNSON & JOHNSON	$5,357,000	-10.3%	38,767	-21.2%	0.44%	-8.8%
STN	Sell	STANTEC INC	$5,313,000	-3.9%	212,763	-0.7%	0.44%	-2.2%
MAXR	Sell	MAXAR TECHNOLOGIES LTD	$5,216,000	-34.9%	158,542	-0.8%	0.43%	-33.9%
INTU	Sell	INTUIT	$5,037,000	-22.4%	22,152	-30.2%	0.42%	-21.1%
ORCL	Sell	ORACLE CORP	$4,653,000	-5.1%	91,854	-18.7%	0.38%	-3.8%
GILD	Sell	GILEAD SCIENCES INC	$4,506,000	-14.2%	58,369	-21.3%	0.37%	-12.9%
CBS	Sell	CBS CORP NEWcl b	$4,118,000	-19.8%	71,483	-21.5%	0.34%	-18.5%
EEM	Buy	ISHARES TRmsci emg mkt etf	$3,841,000	+8.8%	89,500	+9.8%	0.32%	+10.5%
SCHW	Sell	SCHWAB CHARLES CORP NEW	$3,795,000	-11.7%	77,189	-8.2%	0.31%	-10.0%
CELG	Sell	CELGENE CORP	$3,601,000	-11.7%	40,241	-21.7%	0.30%	-10.2%
SYK	Sell	STRYKER CORP	$3,572,000	-17.4%	20,060	-21.5%	0.30%	-16.2%
DHR	Sell	DANAHER CORP DEL	$3,574,000	-13.7%	32,845	-21.6%	0.30%	-12.5%
MDLZ	Sell	MONDELEZ INTL INCcl a	$3,533,000	-17.7%	81,844	-21.5%	0.29%	-16.3%
PEP	Sell	PEPSICO INC	$3,475,000	-14.7%	32,140	-16.7%	0.29%	-13.3%
EFA	Buy	ISHARES TRmsci eafe etf	$3,445,000	+26.5%	50,670	+24.6%	0.28%	+29.0%
NLSN	Buy	NIELSEN HLDGS PLC	$3,435,000	+1.1%	127,597	+12.4%	0.28%	+2.9%
UNP	Sell	UNION PAC CORP	$3,430,000	-9.2%	21,067	-21.0%	0.28%	-7.8%
CHD	Sell	CHURCH & DWIGHT INC	$3,338,000	-12.0%	56,241	-21.2%	0.28%	-10.4%
FDX	Sell	FEDEX CORP	$3,338,000	-9.8%	13,832	-14.9%	0.28%	-8.3%
CVS	Sell	CVS HEALTH CORP	$3,281,000	-3.7%	41,680	-21.3%	0.27%	-2.2%
RCL	Sell	ROYAL CARIBBEAN CRUISES LTD	$3,107,000	+11.5%	24,546	-11.1%	0.26%	+13.7%
DISCA	Sell	DISCOVERY INC	$3,103,000	-4.4%	100,673	-17.6%	0.26%	-3.0%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$3,071,000	-6.6%	27,483	-14.7%	0.25%	-4.9%
LOW	Sell	LOWES COS INC	$3,011,000	-5.7%	26,223	-21.6%	0.25%	-4.2%
SLB	Sell	SCHLUMBERGER LTD	$2,591,000	-28.4%	42,202	-21.2%	0.21%	-27.2%
HRL	Sell	HORMEL FOODS CORP	$2,526,000	-16.6%	64,097	-21.2%	0.21%	-15.0%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$2,064,000	-21.4%	28,215	-21.3%	0.17%	-19.7%
USB	Sell	US BANCORP DEL	$2,043,000	-17.0%	38,471	-21.4%	0.17%	-15.5%
MMM	Sell	3M CO	$1,996,000	-15.9%	9,471	-21.5%	0.16%	-14.5%
FISV	Sell	FISERV INC	$1,766,000	+9.9%	24,053	-1.8%	0.15%	+11.5%
FTV	Sell	FORTIVE CORP	$1,705,000	-13.9%	20,255	-21.1%	0.14%	-12.4%
MCO	Sell	MOODYS CORP	$1,676,000	-22.8%	10,029	-21.2%	0.14%	-22.0%
PX	Sell	PRAXAIR INC	$1,576,000	-16.7%	9,798	-18.1%	0.13%	-15.6%
OSB	Buy	NORBORD INC	$1,523,000	-6.7%	46,000	+15.8%	0.13%	-5.3%
UTX	Sell	UNITED TECHNOLOGIES CORP	$1,479,000	+7.8%	11,961	-4.0%	0.12%	+8.9%
CMCSA	Sell	COMCAST CORP NEWcl a	$1,446,000	-15.3%	40,837	-21.5%	0.12%	-14.4%
SHPG	Sell	SHIRE PLCsponsored adr	$1,183,000	+6.5%	7,231	-1.7%	0.10%	+8.9%
HSIC	Sell	SCHEIN HENRY INC	$1,188,000	+15.8%	14,861	-1.4%	0.10%	+18.1%
IWM	Buy	ISHARES TRrussell 2000 etf	$1,112,000	+17.1%	6,585	+13.5%	0.09%	+19.5%
STE	Sell	STERIS PLC	$1,078,000	+7.9%	10,221	-1.4%	0.09%	+9.9%
MIDD	Buy	MIDDLEBY CORP	$1,029,000	+97.5%	8,761	+55.6%	0.08%	+102.4%
OMC	Sell	OMNICOM GROUP INC	$999,000	-11.7%	16,507	-1.8%	0.08%	-9.8%
CL	Sell	COLGATE PALMOLIVE CO	$940,000	-18.5%	14,019	-21.2%	0.08%	-17.0%
IFF	Buy	INTERNATIONAL FLAVORS&FRAGRA	$809,000	+50.4%	6,329	+29.5%	0.07%	+52.3%
MET	Sell	METLIFE INC	$770,000	+5.9%	18,769	-1.8%	0.06%	+8.5%
ECL	Sell	ECOLAB INC	$708,000	+10.5%	5,005	-1.7%	0.06%	+13.5%
GG	New	GOLDCORP INC NEW	$266,000	–	26,090	–	0.02%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-9,500	–	-0.02%	–
AAVVF	Exit	ADVANTAGE OIL & GAS LTD	$0	–	-1,268,292	–	-0.32%	–

Q2 2018

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$118,330,000	–	2,045,677	–	9.62%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$94,939,000	–	1,261,654	–	7.72%	–
SU	New	SUNCOR ENERGY INC NEW	$62,502,000	–	1,536,736	–	5.08%	–
CNQ	New	CANADIAN NAT RES LTD	$59,849,000	–	1,647,292	–	4.86%	–
MFC	New	MANULIFE FINL CORP	$58,425,000	–	3,253,890	–	4.75%	–
ENB	New	ENBRIDGE INC	$52,657,000	–	1,473,774	–	4.28%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$52,055,000	–	1,283,976	–	4.23%	–
CNI	New	CANADIAN NATL RY CO	$47,236,000	–	577,847	–	3.84%	–
TRP	New	TRANSCANADA CORP	$39,621,000	–	905,286	–	3.22%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$31,742,000	–	116,549	–	2.58%	–
PBA	New	PEMBINA PIPELINE CORP	$29,764,000	–	856,336	–	2.42%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$24,640,000	–	389,075	–	2.00%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$21,037,000	–	439,687	–	1.71%	–
CP	New	CANADIAN PAC RY LTD	$20,747,000	–	112,977	–	1.69%	–
QSR	New	RESTAURANT BRANDS INTL INC	$20,484,000	–	337,194	–	1.66%	–
WCN	New	WASTE CONNECTIONS INC	$20,223,000	–	268,602	–	1.64%	–
NTR	New	NUTRIEN LTD	$17,255,000	–	315,019	–	1.40%	–
FNV	New	FRANCO NEVADA CORP	$16,020,000	–	219,636	–	1.30%	–
ECA	New	ENCANA CORP	$14,809,000	–	1,134,650	–	1.20%	–
MEOH	New	METHANEX CORP	$14,786,000	–	209,236	–	1.20%	–
OTEX	New	OPEN TEXT CORP	$14,735,000	–	418,938	–	1.20%	–
TECK	New	TECK RESOURCES LTDcl b	$14,733,000	–	578,694	–	1.20%	–
DSGX	New	DESCARTES SYS GROUP INC	$14,596,000	–	448,258	–	1.19%	–
MSFT	New	MICROSOFT CORP	$14,562,000	–	147,669	–	1.18%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$13,438,000	–	65,633	–	1.09%	–
BCE	New	BCE INC	$12,643,000	–	307,949	–	1.03%	–
V	New	VISA INC	$11,422,000	–	87,719	–	0.93%	–
NKE	New	NIKE INCcl b	$11,194,000	–	141,202	–	0.91%	–
SHOP	New	SHOPIFY INCcl a	$10,648,000	–	73,060	–	0.87%	–
MGA	New	MAGNA INTL INC	$10,546,000	–	181,430	–	0.86%	–
AVGO	New	BROADCOM INC	$9,717,000	–	40,050	–	0.79%	–
GIL	New	GILDAN ACTIVEWEAR INC	$9,215,000	–	327,321	–	0.75%	–
ADBE	New	ADOBE SYS INC	$8,949,000	–	36,710	–	0.73%	–
TJX	New	TJX COS INC NEW	$8,489,000	–	89,192	–	0.69%	–
JPM	New	JPMORGAN CHASE & CO	$8,443,000	–	81,019	–	0.69%	–
MAXR	New	MAXAR TECHNOLOGIES LTD	$8,016,000	–	159,772	–	0.65%	–
DIS	New	DISNEY WALT CO	$8,024,000	–	77,323	–	0.65%	–
WFC	New	WELLS FARGO CO NEW	$7,617,000	–	139,799	–	0.62%	–
UNH	New	UNITEDHEALTH GROUP INC	$7,544,000	–	31,593	–	0.61%	–
BKNG	New	BOOKING HLDGS INC	$7,465,000	–	3,682	–	0.61%	–
STT	New	STATE STR CORP	$7,461,000	–	80,747	–	0.61%	–
PNC	New	PNC FINL SVCS GROUP INC	$7,424,000	–	54,948	–	0.60%	–
HON	New	HONEYWELL INTL INC	$7,010,000	–	48,663	–	0.57%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$7,015,000	–	90,726	–	0.57%	–
ERF	New	ENERPLUS CORP	$6,766,000	–	536,475	–	0.55%	–
INTU	New	INTUIT	$6,487,000	–	31,751	–	0.53%	–
COST	New	COSTCO WHSL CORP NEW	$6,310,000	–	30,201	–	0.51%	–
FFIV	New	F5 NETWORKS INC	$6,166,000	–	35,748	–	0.50%	–
JNJ	New	JOHNSON & JOHNSON	$5,973,000	–	49,226	–	0.49%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$5,768,000	–	74,705	–	0.47%	–
STN	New	STANTEC INC	$5,529,000	–	214,263	–	0.45%	–
GILD	New	GILEAD SCIENCES INC	$5,250,000	–	74,123	–	0.43%	–
CBS	New	CBS CORP NEWcl b	$5,135,000	–	91,063	–	0.42%	–
ORCL	New	ORACLE CORP	$4,904,000	–	113,023	–	0.40%	–
SYK	New	STRYKER CORP	$4,327,000	–	25,563	–	0.35%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,291,000	–	104,247	–	0.35%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$4,299,000	–	84,117	–	0.35%	–
DHR	New	DANAHER CORP DEL	$4,141,000	–	41,895	–	0.34%	–
CELG	New	CELGENE CORP	$4,080,000	–	51,366	–	0.33%	–
PEP	New	PEPSICO INC	$4,076,000	–	38,583	–	0.33%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD	$3,963,000	–	1,268,292	–	0.32%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$3,919,000	–	44,560	–	0.32%	–
CHD	New	CHURCH & DWIGHT INC	$3,792,000	–	71,344	–	0.31%	–
UNP	New	UNION PAC CORP	$3,779,000	–	26,678	–	0.31%	–
FDX	New	FEDEX CORP	$3,700,000	–	16,252	–	0.30%	–
SLB	New	SCHLUMBERGER LTD	$3,617,000	–	53,545	–	0.29%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,531,000	–	81,500	–	0.29%	–
CVS	New	CVS HEALTH CORP	$3,406,000	–	52,930	–	0.28%	–
NLSN	New	NIELSEN HLDGS PLC	$3,398,000	–	113,494	–	0.28%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$3,289,000	–	32,224	–	0.27%	–
DISCA	New	DISCOVERY INC	$3,245,000	–	122,171	–	0.26%	–
LOW	New	LOWES COS INC	$3,194,000	–	33,437	–	0.26%	–
HRL	New	HORMEL FOODS CORP	$3,027,000	–	81,358	–	0.25%	–
RCL	New	ROYAL CARIBBEAN CRUISES LTD	$2,786,000	–	27,618	–	0.23%	–
EFA	New	ISHARES TRmsci eafe etf	$2,724,000	–	40,670	–	0.22%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$2,625,000	–	35,840	–	0.21%	–
USB	New	US BANCORP DEL	$2,461,000	–	48,945	–	0.20%	–
MMM	New	3M CO	$2,374,000	–	12,063	–	0.19%	–
MCO	New	MOODYS CORP	$2,172,000	–	12,731	–	0.18%	–
FTV	New	FORTIVE CORP	$1,981,000	–	25,680	–	0.16%	–
PX	New	PRAXAIR INC	$1,891,000	–	11,962	–	0.15%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,707,000	–	52,012	–	0.14%	–
OSB	New	NORBORD INC	$1,633,000	–	39,730	–	0.13%	–
FISV	New	FISERV INC	$1,607,000	–	24,503	–	0.13%	–
TU	New	TELUS CORP	$1,511,000	–	42,060	–	0.12%	–
BPY	New	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$1,501,000	–	79,101	–	0.12%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,372,000	–	12,463	–	0.11%	–
SLF	New	SUN LIFE FINL INC	$1,249,000	–	31,100	–	0.10%	–
CL	New	COLGATE PALMOLIVE CO	$1,154,000	–	17,787	–	0.09%	–
OMC	New	OMNICOM GROUP INC	$1,131,000	–	16,813	–	0.09%	–
SHPG	New	SHIRE PLCsponsored adr	$1,111,000	–	7,357	–	0.09%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$1,058,000	–	51,947	–	0.09%	–
HSIC	New	SCHEIN HENRY INC	$1,026,000	–	15,076	–	0.08%	–
STE	New	STERIS PLC	$999,000	–	10,371	–	0.08%	–
IWM	New	ISHARES TRrussell 2000 etf	$950,000	–	5,802	–	0.08%	–
EWJ	New	ISHARES INCmsci jpn etf new	$812,000	–	14,022	–	0.07%	–
MET	New	METLIFE INC	$727,000	–	19,116	–	0.06%	–
ECL	New	ECOLAB INC	$641,000	–	5,089	–	0.05%	–
IFF	New	INTERNATIONAL FLAVORS&FRAGRA	$538,000	–	4,889	–	0.04%	–
MIDD	New	MIDDLEBY CORP	$521,000	–	5,629	–	0.04%	–
GE	New	GENERAL ELECTRIC CO	$446,000	–	32,500	–	0.04%	–
SAP	New	SAP SEspon adr	$436,000	–	3,764	–	0.04%	–
DEO	New	DIAGEO P L Cspon adr new	$323,000	–	2,243	–	0.03%	–
PUK	New	PRUDENTIAL PLCadr	$313,000	–	6,842	–	0.02%	–
VET	New	VERMILION ENERGY INC	$289,000	–	7,970	–	0.02%	–
RMD	New	RESMED INC	$224,000	–	2,167	–	0.02%	–
RELX	New	RELX PLCsponsored adr	$207,000	–	9,500	–	0.02%	–
CVE	New	CENOVUS ENERGY INC	$182,000	–	17,550	–	0.02%	–
TAC	New	TRANSALTA CORP	$114,000	–	22,500	–	0.01%	–

Q4 2017

			Value		Shares		↓ Weighting
TAC	Exit	TRANSALTA CORP	$0	–	-22,500	–	-0.01%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-17,220	–	-0.01%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-2,023	–	-0.02%	–
PUK	Exit	PRUDENTIAL PLCadr	$0	–	-6,188	–	-0.02%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-9,505	–	-0.02%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,438	–	-0.03%	–
ECL	Exit	ECOLAB INC	$0	–	-4,396	–	-0.03%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-12,900	–	-0.04%	–
STE	Exit	STERIS PLC	$0	–	-7,882	–	-0.04%	–
BLL	Exit	BALL CORP	$0	–	-21,068	–	-0.05%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-7,156	–	-0.05%	–
MET	Exit	METLIFE INC	$0	–	-17,229	–	-0.05%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-14,022	–	-0.06%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-6,419	–	-0.06%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-13,685	–	-0.06%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-11,000	–	-0.08%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-5,694	–	-0.08%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-28,400	–	-0.08%	–
FISV	Exit	FISERV INC	$0	–	-10,876	–	-0.08%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-54,417	–	-0.09%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-5,595	–	-0.09%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-19,110	–	-0.10%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-21,400	–	-0.11%	–
APA	Exit	APACHE CORP	$0	–	-34,055	–	-0.11%	–
TU	Exit	TELUS CORP	$0	–	-43,340	–	-0.11%	–
BPY	Exit	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$0	–	-81,041	–	-0.13%	–
PX	Exit	PRAXAIR INC	$0	–	-13,843	–	-0.14%	–
MCK	Exit	MCKESSON CORP	$0	–	-13,916	–	-0.14%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-43,138	–	-0.15%	–
MCO	Exit	MOODYS CORP	$0	–	-15,327	–	-0.15%	–
FTV	Exit	FORTIVE CORP	$0	–	-30,892	–	-0.15%	–
SRCL	Exit	STERICYCLE INC	$0	–	-31,002	–	-0.16%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-110,018	–	-0.16%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-39,170	–	-0.19%	–
MMM	Exit	3M CO	$0	–	-14,498	–	-0.21%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-97,908	–	-0.22%	–
USB	Exit	US BANCORP DEL	$0	–	-58,873	–	-0.22%	–
LOW	Exit	LOWES COS INC	$0	–	-40,195	–	-0.22%	–
UNP	Exit	UNION PAC CORP	$0	–	-27,973	–	-0.23%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-37,460	–	-0.23%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-88,548	–	-0.24%	–
ERF	Exit	ENERPLUS CORP	$0	–	-357,145	–	-0.25%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-81,500	–	-0.26%	–
FDX	Exit	FEDEX CORP	$0	–	-16,984	–	-0.27%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-34,791	–	-0.28%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-85,831	–	-0.29%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-104,658	–	-0.30%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-50,365	–	-0.30%	–
AGU	Exit	AGRIUM INC	$0	–	-40,803	–	-0.31%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-101,107	–	-0.31%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-64,417	–	-0.32%	–
PEP	Exit	PEPSICO INC	$0	–	-43,168	–	-0.33%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-593,596	–	-0.33%	–
SYK	Exit	STRYKER CORP	$0	–	-34,358	–	-0.34%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-124,331	–	-0.35%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-79,404	–	-0.35%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-63,703	–	-0.36%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-42,964	–	-0.36%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-24,593	–	-0.37%	–
INTU	Exit	INTUIT	$0	–	-38,217	–	-0.38%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-36,345	–	-0.42%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-103,848	–	-0.42%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-33,968	–	-0.44%	–
ORCL	Exit	ORACLE CORP	$0	–	-131,095	–	-0.44%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-33,609	–	-0.44%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-44,112	–	-0.46%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-77,941	–	-0.46%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-88,394	–	-0.48%	–
MON	Exit	MONSANTO CO NEW	$0	–	-58,556	–	-0.48%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-331,394	–	-0.49%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-89,215	–	-0.50%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-3,960	–	-0.51%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-59,252	–	-0.54%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-109,794	–	-0.55%	–
TJX	Exit	TJX COS INC NEW	$0	–	-107,245	–	-0.55%	–
CELG	Exit	CELGENE CORP	$0	–	-55,217	–	-0.56%	–
BCE	Exit	BCE INC	$0	–	-170,987	–	-0.57%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-85,086	–	-0.57%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-58,506	–	-0.58%	–
DIS	Exit	DISNEY WALT CO	$0	–	-86,311	–	-0.59%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-162,301	–	-0.62%	–
STT	Exit	STATE STR CORP	$0	–	-93,821	–	-0.62%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-66,104	–	-0.62%	–
AAVVF	Exit	ADVANTAGE OIL & GAS LTD	$0	–	-1,450,002	–	-0.63%	–
NKE	Exit	NIKE INCcl b	$0	–	-180,573	–	-0.65%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-501,305	–	-0.67%	–
V	Exit	VISA INC	$0	–	-100,971	–	-0.73%	–
MGA	Exit	MAGNA INTL INC	$0	–	-200,675	–	-0.75%	–
MAG	Exit	MAG SILVER CORP	$0	–	-995,430	–	-0.78%	–
ECA	Exit	ENCANA CORP	$0	–	-1,015,895	–	-0.83%	–
AVGO	Exit	BROADCOM LTD	$0	–	-50,240	–	-0.85%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-172,496	–	-0.90%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-480,078	–	-0.91%	–
AAPL	Exit	APPLE INC	$0	–	-90,192	–	-0.97%	–
MEOH	Exit	METHANEX CORP	$0	–	-286,021	–	-1.00%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-446,298	–	-1.00%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-77,300	–	-1.01%	–
STN	Exit	STANTEC INC	$0	–	-559,221	–	-1.09%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-294,718	–	-1.44%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-124,807	–	-1.47%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-419,708	–	-1.52%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-712,916	–	-1.55%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-495,237	–	-1.56%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-477,218	–	-1.73%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-126,173	–	-2.22%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-916,351	–	-2.25%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-521,683	–	-3.01%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-1,007,548	–	-3.51%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,526,599	–	-3.59%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,412,831	–	-4.07%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,694,491	–	-4.14%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,593,007	–	-4.64%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-3,403,028	–	-4.81%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,537,683	–	-6.89%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-1,457,033	–	-7.86%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,194,718	–	-8.62%	–

Q3 2017

			Value		Shares		↓ Weighting
TD	Buy	TORONTO DOMINION BK ONT	$123,268,000	+17.2%	2,194,718	+5.0%	8.62%	+9.7%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$112,472,000	+12.1%	1,457,033	+5.3%	7.86%	+5.0%
BNS	Buy	BANK N S HALIFAX	$98,594,000	+11.7%	1,537,683	+5.7%	6.89%	+4.6%
MFC	Buy	MANULIFE FINL CORP	$68,859,000	+16.0%	3,403,028	+7.3%	4.81%	+8.6%
ENB	Buy	ENBRIDGE INC	$66,388,000	+6.9%	1,593,007	+2.0%	4.64%	+0.1%
SU	Buy	SUNCOR ENERGY INC NEW	$59,247,000	+22.5%	1,694,491	+2.2%	4.14%	+14.7%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$58,193,000	+7.5%	1,412,831	+2.3%	4.07%	+0.7%
CNQ	Buy	CANADIAN NAT RES LTD	$51,328,000	+18.6%	1,526,599	+2.2%	3.59%	+11.0%
TRP	Buy	TRANSCANADA CORP	$50,181,000	+5.7%	1,007,548	+2.0%	3.51%	-1.0%
CNI	Buy	CANADIAN NATL RY CO	$43,115,000	+27.3%	521,683	+24.8%	3.01%	+19.2%
PBA	Buy	PEMBINA PIPELINE CORP	$32,201,000	+35.4%	916,351	+27.8%	2.25%	+26.8%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$31,832,000	+15.0%	126,173	+10.7%	2.22%	+7.7%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$24,728,000	+11.3%	477,218	+2.1%	1.73%	+4.2%
AEM	Buy	AGNICO EAGLE MINES LTD	$22,330,000	+23.0%	495,237	+22.8%	1.56%	+15.2%
GIL	Buy	GILDAN ACTIVEWEAR INC	$22,226,000	+4.0%	712,916	+2.3%	1.55%	-2.6%
GIB	Buy	GROUPE CGI INCcl a sub vtg	$21,713,000	+2.0%	419,708	+0.6%	1.52%	-4.5%
CP	Buy	CANADIAN PAC RY LTD	$20,972,000	+30.8%	124,807	+25.4%	1.47%	+22.5%
WCN	Buy	WASTE CONNECTIONS INC	$20,565,000	+35.7%	294,718	+25.1%	1.44%	+27.1%
STN	Buy	STANTEC INC	$15,538,000	+66.3%	559,221	+51.0%	1.09%	+55.8%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$14,390,000	-0.5%	77,300	-8.3%	1.01%	-6.8%
OTEX	Buy	OPEN TEXT CORP	$14,367,000	+2.6%	446,298	+0.5%	1.00%	-3.9%
MEOH	Sell	METHANEX CORP	$14,337,000	-40.6%	286,021	-47.7%	1.00%	-44.3%
AAPL	Sell	APPLE INC	$13,900,000	-2.4%	90,192	-8.8%	0.97%	-8.7%
DSGX	Buy	DESCARTES SYS GROUP INC	$13,064,000	+12.5%	480,078	+0.5%	0.91%	+5.4%
MSFT	Sell	MICROSOFT CORP	$12,851,000	+4.4%	172,496	-3.4%	0.90%	-2.3%
AVGO	Sell	BROADCOM LTD	$12,186,000	+0.2%	50,240	-3.7%	0.85%	-6.1%
ECA	New	ENCANA CORP	$11,935,000	–	1,015,895	–	0.83%	–
MAG	Sell	MAG SILVER CORP	$11,119,000	-18.9%	995,430	-5.3%	0.78%	-24.0%
MGA	Buy	MAGNA INTL INC	$10,685,000	+17.8%	200,675	+2.3%	0.75%	+10.3%
V	Sell	VISA INC	$10,414,000	+8.5%	100,971	-3.3%	0.73%	+1.7%
WPM	Buy	WHEATON PRECIOUS METALS CORP	$9,539,000	+88.4%	501,305	+96.4%	0.67%	+76.5%
NKE	Sell	NIKE INCcl b	$9,333,000	-20.4%	180,573	-9.4%	0.65%	-25.5%
AAVVF	Buy	ADVANTAGE OIL & GAS LTD	$9,064,000	-5.9%	1,450,002	+1.7%	0.63%	-11.8%
PNC	Sell	PNC FINL SVCS GROUP INC	$8,909,000	+4.0%	66,104	-3.7%	0.62%	-2.7%
STT	Buy	STATE STR CORP	$8,871,000	+10.2%	93,821	+3.4%	0.62%	+3.2%
WFC	Buy	WELLS FARGO CO NEW	$8,806,000	+4.6%	162,301	+5.0%	0.62%	-2.1%
DIS	Buy	DISNEY WALT CO	$8,445,000	+3.8%	86,311	+12.7%	0.59%	-2.8%
HON	Buy	HONEYWELL INTL INC	$8,292,000	+8.5%	58,506	+2.0%	0.58%	+1.8%
JPM	Buy	JPMORGAN CHASE & CO	$8,126,000	+8.3%	85,086	+3.7%	0.57%	+1.4%
BCE	Buy	BCE INC	$8,092,000	+11.8%	170,987	+8.8%	0.57%	+4.8%
CELG	Buy	CELGENE CORP	$8,051,000	+37.8%	55,217	+22.8%	0.56%	+29.1%
TJX	Sell	TJX COS INC NEW	$7,907,000	-10.6%	107,245	-12.5%	0.55%	-16.2%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$7,811,000	+5.8%	109,794	-3.1%	0.55%	-0.9%
JNJ	Sell	JOHNSON & JOHNSON	$7,703,000	-5.4%	59,252	-3.7%	0.54%	-11.5%
PCLN	Sell	PRICELINE GRP INC	$7,249,000	-5.7%	3,960	-3.6%	0.51%	-11.7%
GILD	Sell	GILEAD SCIENCES INC	$7,227,000	+10.2%	89,215	-3.7%	0.50%	+3.3%
TECK	Sell	TECK RESOURCES LTDcl b	$6,961,000	-65.6%	331,394	-71.6%	0.49%	-67.7%
MON	Sell	MONSANTO CO NEW	$6,864,000	-2.0%	58,556	-3.1%	0.48%	-8.2%
FNV	Sell	FRANCO NEVADA CORP	$6,827,000	-51.9%	88,394	-55.1%	0.48%	-54.9%
APH	Sell	AMPHENOL CORP NEWcl a	$6,613,000	-4.4%	77,941	-16.7%	0.46%	-10.5%
ADBE	Buy	ADOBE SYS INC	$6,581,000	+12.4%	44,112	+6.6%	0.46%	+5.3%
UNH	Sell	UNITEDHEALTH GROUP INC	$6,338,000	+0.7%	33,609	-5.2%	0.44%	-5.7%
ORCL	Buy	ORACLE CORP	$6,247,000	+3.2%	131,095	+7.0%	0.44%	-3.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$6,227,000	+4.2%	33,968	-3.7%	0.44%	-2.5%
CBS	Sell	CBS CORP NEWcl b	$6,040,000	-12.4%	103,848	-3.7%	0.42%	-18.1%
COST	Sell	COSTCO WHSL CORP NEW	$5,971,000	-1.0%	36,345	-3.7%	0.42%	-7.3%
INTU	Sell	INTUIT	$5,431,000	+3.1%	38,217	-3.7%	0.38%	-3.3%
ADS	Sell	ALLIANCE DATA SYSTEMS CORP	$5,303,000	-36.7%	24,593	-26.1%	0.37%	-40.6%
CVS	Sell	CVS HEALTH CORP	$5,179,000	-2.7%	63,703	-3.7%	0.36%	-8.8%
FFIV	Buy	F5 NETWORKS INC	$5,178,000	-1.1%	42,964	+4.3%	0.36%	-7.4%
ESRX	Sell	EXPRESS SCRIPTS HLDG CO	$5,028,000	-4.5%	79,404	-3.7%	0.35%	-10.7%
NLSN	Buy	NIELSEN HLDGS PLC	$4,983,000	+22.0%	124,331	+13.3%	0.35%	+14.1%
SYK	Sell	STRYKER CORP	$4,892,000	-1.5%	34,358	-3.7%	0.34%	-7.8%
CPG	Sell	CRESCENT PT ENERGY CORP	$4,770,000	-0.9%	593,596	-5.6%	0.33%	-7.2%
PEP	Sell	PEPSICO INC	$4,664,000	-6.5%	43,168	-3.0%	0.33%	-12.4%
SLB	Sell	SCHLUMBERGER LTD	$4,528,000	+2.1%	64,417	-3.7%	0.32%	-4.5%
SCHW	Buy	SCHWAB CHARLES CORP NEW	$4,422,000	+5.3%	101,107	+3.4%	0.31%	-1.3%
AGU	Buy	AGRIUM INC	$4,398,000	+18.4%	40,803	+0.4%	0.31%	+10.8%
DHR	Sell	DANAHER CORP DEL	$4,326,000	-20.2%	50,365	-21.5%	0.30%	-25.4%
MDLZ	Sell	MONDELEZ INTL INCcl a	$4,275,000	-9.3%	104,658	-3.7%	0.30%	-15.1%
CHD	Sell	CHURCH & DWIGHT INC	$4,159,000	-10.1%	85,831	-3.7%	0.29%	-15.7%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$4,010,000	+5.4%	34,791	-2.8%	0.28%	-1.4%
FDX	Sell	FEDEX CORP	$3,841,000	+0.1%	16,984	-3.7%	0.27%	-6.3%
ERF	New	ENERPLUS CORP	$3,519,000	–	357,145	–	0.25%	–
CMCSA	Buy	COMCAST CORP NEWcl a	$3,408,000	+16.8%	88,548	+18.5%	0.24%	+9.2%
UNP	Sell	UNION PAC CORP	$3,244,000	+2.6%	27,973	-3.7%	0.23%	-3.8%
LOW	Buy	LOWES COS INC	$3,213,000	+8.0%	40,195	+4.8%	0.22%	+1.4%
USB	Sell	US BANCORP DEL	$3,169,000	-0.6%	58,873	-3.7%	0.22%	-7.1%
HRL	Sell	HORMEL FOODS CORP	$3,146,000	-9.3%	97,908	-3.7%	0.22%	-15.1%
MMM	Sell	3M CO	$3,043,000	-26.2%	14,498	-26.7%	0.21%	-30.8%
EFA	Buy	ISHARES TRmsci eafe etf	$2,682,000	+7.8%	39,170	+2.6%	0.19%	+0.5%
DISCA	Sell	DISCOVERY COMMUNICATNS NEW	$2,260,000	-31.9%	110,018	-16.8%	0.16%	-36.3%
SRCL	Sell	STERICYCLE INC	$2,220,000	-19.9%	31,002	-14.5%	0.16%	-25.1%
FTV	Sell	FORTIVE CORP	$2,188,000	+7.6%	30,892	-3.7%	0.15%	+0.7%
MCO	Sell	MOODYS CORP	$2,133,000	+10.2%	15,327	-3.7%	0.15%	+3.5%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$2,102,000	-5.9%	43,138	-3.7%	0.15%	-12.0%
MCK	Sell	MCKESSON CORP	$2,044,000	-9.2%	13,916	-2.7%	0.14%	-14.9%
PX	Sell	PRAXAIR INC	$1,928,000	+1.9%	13,843	-3.3%	0.14%	-4.3%
BPY	Buy	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$1,882,000	-0.3%	81,041	+1.4%	0.13%	-6.4%
CL	Sell	COLGATE PALMOLIVE CO	$1,559,000	-5.3%	21,400	-3.7%	0.11%	-11.4%
APA	Sell	APACHE CORP	$1,560,000	-7.9%	34,055	-3.7%	0.11%	-13.5%
BMO	Sell	BANK MONTREAL QUE	$1,443,000	-14.4%	19,110	-16.9%	0.10%	-19.8%
GS	Sell	GOLDMAN SACHS GROUP INC	$1,327,000	-64.2%	5,595	-66.5%	0.09%	-66.4%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$1,250,000	-54.0%	54,417	-56.4%	0.09%	-57.1%
SHPG	Buy	SHIRE PLCsponsored adr	$849,000	+16.1%	6,419	+26.1%	0.06%	+7.3%
STE	Buy	STERIS PLC	$613,000	+48.4%	7,882	+31.1%	0.04%	+38.7%
VET	Sell	VERMILION ENERGY INC	$339,000	+7.6%	9,505	-3.8%	0.02%	0.0%
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-55,614	–	-0.39%	–
VNQI	Exit	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$0	–	-93,899	–	-0.40%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-115,223	–	-0.72%	–

Q2 2017

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$105,198,000	–	2,090,834	–	7.85%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$100,337,000	–	1,383,893	–	7.49%	–
BNS	New	BANK N S HALIFAX	$88,251,000	–	1,455,403	–	6.59%	–
ENB	New	ENBRIDGE INC	$62,105,000	–	1,561,237	–	4.64%	–
MFC	New	MANULIFE FINL CORP	$59,379,000	–	3,172,738	–	4.43%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$54,127,000	–	1,381,501	–	4.04%	–
SU	New	SUNCOR ENERGY INC NEW	$48,366,000	–	1,657,776	–	3.61%	–
TRP	New	TRANSCANADA CORP	$47,483,000	–	987,758	–	3.54%	–
CNQ	New	CANADIAN NAT RES LTD	$43,292,000	–	1,493,199	–	3.23%	–
CNI	New	CANADIAN NATL RY CO	$33,870,000	–	418,173	–	2.53%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$27,676,000	–	113,973	–	2.07%	–
MEOH	New	METHANEX CORP	$24,117,000	–	547,096	–	1.80%	–
PBA	New	PEMBINA PIPELINE CORP	$23,781,000	–	716,991	–	1.78%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$22,213,000	–	467,443	–	1.66%	–
GIL	New	GILDAN ACTIVEWEAR INC	$21,374,000	–	696,556	–	1.60%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$21,291,000	–	417,308	–	1.59%	–
TECK	New	TECK RESOURCES LTDcl b	$20,220,000	–	1,168,169	–	1.51%	–
AEM	New	AGNICO EAGLE MINES LTD	$18,155,000	–	403,177	–	1.36%	–
CP	New	CANADIAN PAC RY LTD	$16,037,000	–	99,547	–	1.20%	–
WCN	New	WASTE CONNECTIONS INC	$15,153,000	–	235,622	–	1.13%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,461,000	–	84,322	–	1.08%	–
AAPL	New	APPLE INC	$14,244,000	–	98,889	–	1.06%	–
FNV	New	FRANCO NEVADA CORP	$14,179,000	–	196,864	–	1.06%	–
OTEX	New	OPEN TEXT CORP	$13,997,000	–	444,088	–	1.04%	–
MAG	New	MAG SILVER CORP	$13,704,000	–	1,051,260	–	1.02%	–
MSFT	New	MICROSOFT CORP	$12,312,000	–	178,600	–	0.92%	–
AVGO	New	BROADCOM LTD	$12,157,000	–	52,164	–	0.91%	–
NKE	New	NIKE INCcl b	$11,719,000	–	199,260	–	0.88%	–
DSGX	New	DESCARTES SYS GROUP INC	$11,608,000	–	477,748	–	0.87%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD	$9,629,000	–	1,425,907	–	0.72%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$9,590,000	–	115,223	–	0.72%	–
V	New	VISA INC	$9,598,000	–	104,369	–	0.72%	–
STN	New	STANTEC INC	$9,343,000	–	370,301	–	0.70%	–
MGA	New	MAGNA INTL INC	$9,070,000	–	196,125	–	0.68%	–
TJX	New	TJX COS INC NEW	$8,849,000	–	122,634	–	0.66%	–
PNC	New	PNC FINL SVCS GROUP INC	$8,570,000	–	68,638	–	0.64%	–
WFC	New	WELLS FARGO CO NEW	$8,420,000	–	154,611	–	0.63%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$8,375,000	–	33,286	–	0.62%	–
JNJ	New	JOHNSON & JOHNSON	$8,140,000	–	61,528	–	0.61%	–
DIS	New	DISNEY WALT CO	$8,136,000	–	76,574	–	0.61%	–
STT	New	STATE STR CORP	$8,050,000	–	90,702	–	0.60%	–
PCLN	New	PRICELINE GRP INC	$7,687,000	–	4,109	–	0.57%	–
HON	New	HONEYWELL INTL INC	$7,643,000	–	57,335	–	0.57%	–
JPM	New	JPMORGAN CHASE & CO	$7,500,000	–	82,052	–	0.56%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$7,381,000	–	113,296	–	0.55%	–
BCE	New	BCE INC	$7,236,000	–	157,201	–	0.54%	–
MON	New	MONSANTO CO NEW	$7,003,000	–	60,439	–	0.52%	–
APH	New	AMPHENOL CORP NEWcl a	$6,917,000	–	93,513	–	0.52%	–
CBS	New	CBS CORP NEWcl b	$6,895,000	–	107,837	–	0.52%	–
GILD	New	GILEAD SCIENCES INC	$6,557,000	–	92,642	–	0.49%	–
UNH	New	UNITEDHEALTH GROUP INC	$6,294,000	–	35,440	–	0.47%	–
ORCL	New	ORACLE CORP	$6,052,000	–	122,551	–	0.45%	–
COST	New	COSTCO WHSL CORP NEW	$6,034,000	–	37,739	–	0.45%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,975,000	–	35,279	–	0.45%	–
ADBE	New	ADOBE SYS INC	$5,854,000	–	41,386	–	0.44%	–
CELG	New	CELGENE CORP	$5,842,000	–	44,979	–	0.44%	–
DHR	New	DANAHER CORP DEL	$5,424,000	–	64,187	–	0.40%	–
CVS	New	CVS HEALTH CORP	$5,322,000	–	66,151	–	0.40%	–
VNQI	New	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$5,308,000	–	93,899	–	0.40%	–
INTU	New	INTUIT	$5,270,000	–	39,688	–	0.39%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$5,264,000	–	82,463	–	0.39%	–
ABC	New	AMERISOURCEBERGEN CORP	$5,257,000	–	55,614	–	0.39%	–
FFIV	New	F5 NETWORKS INC	$5,236,000	–	41,212	–	0.39%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$5,063,000	–	255,280	–	0.38%	–
PEP	New	PEPSICO INC	$4,990,000	–	44,516	–	0.37%	–
SYK	New	STRYKER CORP	$4,965,000	–	35,678	–	0.37%	–
CPG	New	CRESCENT PT ENERGY CORP	$4,815,000	–	628,507	–	0.36%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,713,000	–	108,689	–	0.35%	–
CHD	New	CHURCH & DWIGHT INC	$4,625,000	–	89,124	–	0.34%	–
SLB	New	SCHLUMBERGER LTD	$4,437,000	–	66,885	–	0.33%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$4,200,000	–	97,776	–	0.31%	–
MMM	New	3M CO	$4,121,000	–	19,788	–	0.31%	–
NLSN	New	NIELSEN HLDGS PLC	$4,083,000	–	109,764	–	0.30%	–
FDX	New	FEDEX CORP	$3,838,000	–	17,631	–	0.29%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$3,804,000	–	35,782	–	0.28%	–
GS	New	GOLDMAN SACHS GROUP INC	$3,711,000	–	16,725	–	0.28%	–
AGU	New	AGRIUM INC	$3,713,000	–	40,643	–	0.28%	–
HRL	New	HORMEL FOODS CORP	$3,467,000	–	101,661	–	0.26%	–
EEM	New	ISHARES TRmsci emg mkt etf	$3,373,000	–	81,500	–	0.25%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$3,318,000	–	132,300	–	0.25%	–
USB	New	US BANCORP DEL	$3,189,000	–	61,149	–	0.24%	–
UNP	New	UNION PAC CORP	$3,162,000	–	29,040	–	0.24%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$3,077,000	–	37,460	–	0.23%	–
LOW	New	LOWES COS INC	$2,974,000	–	38,352	–	0.22%	–
CMCSA	New	COMCAST CORP NEWcl a	$2,917,000	–	74,713	–	0.22%	–
SRCL	New	STERICYCLE INC	$2,770,000	–	36,274	–	0.21%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$2,720,000	–	124,940	–	0.20%	–
EFA	New	ISHARES TRmsci eafe etf	$2,489,000	–	38,170	–	0.19%	–
MCK	New	MCKESSON CORP	$2,252,000	–	14,300	–	0.17%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$2,233,000	–	44,795	–	0.17%	–
FTV	New	FORTIVE CORP	$2,033,000	–	32,074	–	0.15%	–
MCO	New	MOODYS CORP	$1,936,000	–	15,909	–	0.14%	–
BPY	New	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$1,888,000	–	79,920	–	0.14%	–
PX	New	PRAXAIR INC	$1,892,000	–	14,315	–	0.14%	–
BMO	New	BANK MONTREAL QUE	$1,686,000	–	22,990	–	0.13%	–
APA	New	APACHE CORP	$1,694,000	–	35,370	–	0.13%	–
CL	New	COLGATE PALMOLIVE CO	$1,647,000	–	22,224	–	0.12%	–
TU	New	TELUS CORP	$1,512,000	–	43,340	–	0.11%	–
FISV	New	FISERV INC	$1,141,000	–	10,876	–	0.08%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,138,000	–	11,000	–	0.08%	–
BDX	New	BECTON DICKINSON & CO	$1,111,000	–	5,694	–	0.08%	–
SLF	New	SUN LIFE FINL INC	$1,014,000	–	28,400	–	0.08%	–
OMC	New	OMNICOM GROUP INC	$970,000	–	13,685	–	0.07%	–
MET	New	METLIFE INC	$800,000	–	17,229	–	0.06%	–
EWJ	New	ISHARES INCmsci jpn etf new	$752,000	–	14,022	–	0.06%	–
VAR	New	VARIAN MED SYS INC	$738,000	–	7,156	–	0.06%	–
SHPG	New	SHIRE PLCsponsored adr	$731,000	–	5,089	–	0.06%	–
BLL	New	BALL CORP	$710,000	–	21,068	–	0.05%	–
TRI	New	THOMSON REUTERS CORP	$596,000	–	12,900	–	0.04%	–
ECL	New	ECOLAB INC	$501,000	–	4,396	–	0.04%	–
STE	New	STERIS PLC	$413,000	–	6,012	–	0.03%	–
SAP	New	SAP SEspon adr	$352,000	–	3,438	–	0.03%	–
VET	New	VERMILION ENERGY INC	$315,000	–	9,885	–	0.02%	–
PUK	New	PRUDENTIAL PLCadr	$278,000	–	6,188	–	0.02%	–
DEO	New	DIAGEO P L Cspon adr new	$236,000	–	2,023	–	0.02%	–
TAC	New	TRANSALTA CORP	$144,000	–	22,500	–	0.01%	–
CVE	New	CENOVUS ENERGY INC	$127,000	–	17,220	–	0.01%	–

Q4 2016

			Value		Shares		↓ Weighting
TAC	Exit	TRANSALTA CORP	$0	–	-22,500	–	-0.01%	–
ABB	Exit	ABB LTDsponsored adr	$0	–	-10,586	–	-0.01%	–
SAP	Exit	SAP SEspon adr	$0	–	-3,438	–	-0.02%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-17,220	–	-0.02%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-3,143	–	-0.02%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-10,170	–	-0.03%	–
RIC	Exit	RICHMONT MINES INC	$0	–	-37,400	–	-0.03%	–
OR	Exit	OSISKO GOLD ROYALTIES LTD	$0	–	-30,190	–	-0.03%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-56,091	–	-0.04%	–
ECL	Exit	ECOLAB INC	$0	–	-7,276	–	-0.06%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-25,210	–	-0.07%	–
BTG	Exit	B2GOLD CORP	$0	–	-337,420	–	-0.07%	–
MET	Exit	METLIFE INC	$0	–	-25,312	–	-0.07%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-12,319	–	-0.08%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-52,150	–	-0.08%	–
BLL	Exit	BALL CORP	$0	–	-17,261	–	-0.09%	–
SHPG	Exit	SHIRE PLCsponsored adr	$0	–	-7,448	–	-0.10%	–
BPY	Exit	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$0	–	-60,260	–	-0.11%	–
TAHO	Exit	TAHOE RES INC	$0	–	-92,520	–	-0.12%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-20,115	–	-0.12%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-16,236	–	-0.12%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-8,812	–	-0.12%	–
TU	Exit	TELUS CORP	$0	–	-47,525	–	-0.13%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-15,090	–	-0.13%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-24,736	–	-0.13%	–
FISV	Exit	FISERV INC	$0	–	-17,843	–	-0.14%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-24,365	–	-0.15%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-61,744	–	-0.16%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-33,670	–	-0.16%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG NV	$0	–	-63,089	–	-0.18%	–
VSS	Exit	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$0	–	-23,677	–	-0.18%	–
MCO	Exit	MOODYS CORP	$0	–	-24,196	–	-0.19%	–
CELG	Exit	CELGENE CORP	$0	–	-23,206	–	-0.19%	–
PX	Exit	PRAXAIR INC	$0	–	-22,532	–	-0.20%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-70,500	–	-0.20%	–
LOW	Exit	LOWES COS INC	$0	–	-30,642	–	-0.20%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-107,113	–	-0.22%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-18,351	–	-0.23%	–
UNP	Exit	UNION PAC CORP	$0	–	-31,841	–	-0.23%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-37,190	–	-0.23%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-30,573	–	-0.24%	–
FDX	Exit	FEDEX CORP	$0	–	-19,341	–	-0.24%	–
MCK	Exit	MCKESSON CORP	$0	–	-16,978	–	-0.25%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-55,908	–	-0.26%	–
MMM	Exit	3M CO	$0	–	-17,950	–	-0.26%	–
PEP	Exit	PEPSICO INC	$0	–	-32,332	–	-0.27%	–
SRCL	Exit	STERICYCLE INC	$0	–	-33,913	–	-0.29%	–
AGU	Exit	AGRIUM INC	$0	–	-40,563	–	-0.31%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-155,540	–	-0.31%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-32,932	–	-0.32%	–
KO	Exit	COCA COLA CO	$0	–	-86,264	–	-0.33%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-88,499	–	-0.34%	–
HAIN	Exit	HAIN CELESTIAL GROUP INC	$0	–	-81,666	–	-0.34%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-111,528	–	-0.34%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-58,837	–	-0.36%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-45,326	–	-0.36%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-42,610	–	-0.36%	–
INTU	Exit	INTUIT	$0	–	-39,382	–	-0.36%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-39,044	–	-0.37%	–
SYK	Exit	STRYKER CORP	$0	–	-39,034	–	-0.39%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-35,723	–	-0.39%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-32,543	–	-0.39%	–
STT	Exit	STATE STR CORP	$0	–	-90,716	–	-0.40%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-60,953	–	-0.40%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-79,688	–	-0.41%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-48,847	–	-0.42%	–
VNQI	Exit	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$0	–	-93,229	–	-0.42%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-4,050	–	-0.42%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-88,694	–	-0.42%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-1,198,090	–	-0.43%	–
MON	Exit	MONSANTO CO NEW	$0	–	-54,558	–	-0.45%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-73,170	–	-0.48%	–
ORCL	Exit	ORACLE CORP	$0	–	-150,842	–	-0.50%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-75,225	–	-0.51%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-127,644	–	-0.53%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-118,125	–	-0.54%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-41,317	–	-0.54%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-57,106	–	-0.55%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-70,342	–	-0.59%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-129,388	–	-0.61%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-38,727	–	-0.62%	–
AAVVF	Exit	ADVANTAGE OIL & GAS LTD	$0	–	-1,445,110	–	-0.67%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-83,894	–	-0.67%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-175,858	–	-0.68%	–
DIS	Exit	DISNEY WALT CO	$0	–	-83,920	–	-0.68%	–
V	Exit	VISA INC	$0	–	-119,974	–	-0.72%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-73,088	–	-0.74%	–
AVGO	Exit	BROADCOM LTD	$0	–	-57,134	–	-0.74%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-118,157	–	-0.74%	–
STN	Exit	STANTEC INC	$0	–	-372,330	–	-0.75%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-485,760	–	-0.77%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-266,023	–	-0.78%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-189,081	–	-0.80%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-120,944	–	-0.84%	–
NKE	Exit	NIKE INCcl b	$0	–	-183,863	–	-0.85%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-115,223	–	-0.85%	–
AAPL	Exit	APPLE INC	$0	–	-112,658	–	-0.90%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-582,810	–	-0.92%	–
TJX	Exit	TJX COS INC NEW	$0	–	-143,866	–	-0.92%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-179,190	–	-0.94%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-157,622	–	-0.94%	–
MAG	Exit	MAG SILVER CORP	$0	–	-980,579	–	-1.02%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-222,900	–	-1.09%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-184,120	–	-1.16%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-97,805	–	-1.17%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-897,731	–	-1.18%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-371,435	–	-1.24%	–
MEOH	Exit	METHANEX CORP	$0	–	-545,905	–	-1.31%	–
BCE	Exit	BCE INC	$0	–	-336,822	–	-1.33%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-130,330	–	-1.39%	–
MGA	Exit	MAGNA INTL INC	$0	–	-492,455	–	-1.43%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-411,900	–	-1.46%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-455,630	–	-1.54%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-108,949	–	-1.91%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-900,360	–	-2.18%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-454,531	–	-2.22%	–
SLW	Exit	SILVER WHEATON CORP	$0	–	-1,269,940	–	-2.47%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,015,553	–	-2.61%	–
ENB	Exit	ENBRIDGE INC	$0	–	-755,010	–	-2.64%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,437,470	–	-3.30%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-902,871	–	-3.41%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-3,202,561	–	-3.62%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,385,941	–	-3.79%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,467,780	–	-6.02%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-1,250,269	–	-6.11%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,111,125	–	-7.50%	–

Q3 2016

			Value		Shares		↓ Weighting
OR	New	OSISKO GOLD ROYALTIES LTD	$394,000	–	30,190	–	0.03%	–

Q2 2016

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$90,186,000	–	2,111,125	–	7.50%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$73,493,000	–	1,250,269	–	6.11%	–
BNS	New	BANK N S HALIFAX	$72,364,000	–	1,467,780	–	6.02%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$45,611,000	–	1,385,941	–	3.79%	–
MFC	New	MANULIFE FINL CORP	$43,574,000	–	3,202,561	–	3.62%	–
TRP	New	TRANSCANADA CORP	$41,034,000	–	902,871	–	3.41%	–
SU	New	SUNCOR ENERGY INC NEW	$39,668,000	–	1,437,470	–	3.30%	–
ENB	New	ENBRIDGE INC	$31,817,000	–	755,010	–	2.65%	–
CNQ	New	CANADIAN NAT RES LTD	$31,350,000	–	1,015,553	–	2.61%	–
SLW	New	SILVER WHEATON CORP	$29,736,000	–	1,269,940	–	2.47%	–
CNI	New	CANADIAN NATL RY CO	$26,700,000	–	454,531	–	2.22%	–
GIL	New	GILDAN ACTIVEWEAR INC	$26,234,000	–	900,360	–	2.18%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$22,924,000	–	108,949	–	1.91%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$18,518,000	–	455,630	–	1.54%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$17,505,000	–	411,900	–	1.46%	–
MGA	New	MAGNA INTL INC	$17,195,000	–	492,455	–	1.43%	–
CP	New	CANADIAN PAC RY LTD	$16,741,000	–	130,330	–	1.39%	–
BCE	New	BCE INC	$16,034,000	–	336,822	–	1.33%	–
MEOH	New	METHANEX CORP	$15,801,000	–	545,905	–	1.31%	–
TRI	New	THOMSON REUTERS CORP	$14,948,000	–	371,435	–	1.24%	–
CPG	New	CRESCENT PT ENERGY CORP	$14,130,000	–	897,731	–	1.18%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$14,107,000	–	97,805	–	1.17%	–
FNV	New	FRANCO NEVADA CORP	$13,927,000	–	184,120	–	1.16%	–
OTEX	New	OPEN TEXT CORP	$13,109,000	–	222,900	–	1.09%	–
MAG	New	MAG SILVER CORP	$12,299,000	–	980,579	–	1.02%	–
WCN	New	WASTE CONNECTIONS INC	$11,327,000	–	157,622	–	0.94%	–
BMO	New	BANK MONTREAL QUE	$11,308,000	–	179,190	–	0.94%	–
TJX	New	TJX COS INC NEW	$11,109,000	–	143,866	–	0.92%	–
GG	New	GOLDCORP INC NEW	$11,094,000	–	582,810	–	0.92%	–
AAPL	New	APPLE INC	$10,771,000	–	112,658	–	0.90%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$10,217,000	–	115,223	–	0.85%	–
NKE	New	NIKE INCcl b	$10,173,000	–	183,863	–	0.85%	–
GILD	New	GILEAD SCIENCES INC	$10,090,000	–	120,944	–	0.84%	–
MSFT	New	MICROSOFT CORP	$9,626,000	–	189,081	–	0.80%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$9,372,000	–	266,023	–	0.78%	–
DSGX	New	DESCARTES SYS GROUP INC	$9,242,000	–	485,760	–	0.77%	–
STN	New	STANTEC INC	$9,012,000	–	372,330	–	0.75%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$8,955,000	–	118,157	–	0.74%	–
AVGO	New	BROADCOM LTD	$8,878,000	–	57,134	–	0.74%	–
JNJ	New	JOHNSON & JOHNSON	$8,866,000	–	73,088	–	0.74%	–
V	New	VISA INC	$8,719,000	–	119,974	–	0.72%	–
DIS	New	DISNEY WALT CO	$8,209,000	–	83,920	–	0.68%	–
WFC	New	WELLS FARGO & CO NEW	$8,142,000	–	175,858	–	0.68%	–
CVS	New	CVS HEALTH CORP	$8,032,000	–	83,894	–	0.67%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD	$8,035,000	–	1,445,110	–	0.67%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$7,418,000	–	38,727	–	0.62%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$7,309,000	–	129,388	–	0.61%	–
DHR	New	DANAHER CORP DEL	$7,114,000	–	70,342	–	0.59%	–
HON	New	HONEYWELL INTL INC	$6,643,000	–	57,106	–	0.55%	–
COST	New	COSTCO WHSL CORP NEW	$6,488,000	–	41,317	–	0.54%	–
CBS	New	CBS CORP NEWcl b	$6,446,000	–	118,125	–	0.54%	–
NLSN	New	NIELSEN HLDGS PLC	$6,348,000	–	127,644	–	0.53%	–
PNC	New	PNC FINL SVCS GROUP INC	$6,124,000	–	75,225	–	0.51%	–
ORCL	New	ORACLE CORP	$6,048,000	–	150,842	–	0.50%	–
SLB	New	SCHLUMBERGER LTD	$5,823,000	–	73,170	–	0.48%	–
MON	New	MONSANTO CO NEW	$5,447,000	–	54,558	–	0.45%	–
NGD	New	NEW GOLD INC CDA	$5,212,000	–	1,198,090	–	0.43%	–
APH	New	AMPHENOL CORP NEWcl a	$5,095,000	–	88,694	–	0.42%	–
PCLN	New	PRICELINE GRP INC	$5,056,000	–	4,050	–	0.42%	–
VNQI	New	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$5,040,000	–	93,229	–	0.42%	–
CHD	New	CHURCH & DWIGHT INC	$5,024,000	–	48,847	–	0.42%	–
JPM	New	JPMORGAN CHASE & CO	$4,950,000	–	79,688	–	0.41%	–
ABC	New	AMERISOURCEBERGEN CORP	$4,835,000	–	60,953	–	0.40%	–
STT	New	STATE STR CORP	$4,806,000	–	90,716	–	0.40%	–
UNH	New	UNITEDHEALTH GROUP INC	$4,720,000	–	35,723	–	0.39%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,712,000	–	32,543	–	0.39%	–
SYK	New	STRYKER CORP	$4,691,000	–	39,034	–	0.39%	–
FFIV	New	F5 NETWORKS INC	$4,445,000	–	39,044	–	0.37%	–
INTU	New	INTUIT	$4,396,000	–	39,382	–	0.37%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$4,376,000	–	42,610	–	0.36%	–
ADBE	New	ADOBE SYS INC	$4,342,000	–	45,326	–	0.36%	–
TROW	New	PRICE T ROWE GROUP INC	$4,294,000	–	58,837	–	0.36%	–
HRL	New	HORMEL FOODS CORP	$4,083,000	–	111,528	–	0.34%	–
HAIN	New	HAIN CELESTIAL GROUP INC	$4,064,000	–	81,666	–	0.34%	–
MDLZ	New	MONDELEZ INTL INCcl a	$4,041,000	–	88,499	–	0.34%	–
KO	New	COCA COLA CO	$3,938,000	–	86,264	–	0.33%	–
IJR	New	ISHARES TRcore s&p scp etf	$3,827,000	–	32,932	–	0.32%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$3,782,000	–	155,540	–	0.32%	–
AGU	New	AGRIUM INC	$3,687,000	–	40,563	–	0.31%	–
SRCL	New	STERICYCLE INC	$3,497,000	–	33,913	–	0.29%	–
PEP	New	PEPSICO INC	$3,233,000	–	32,332	–	0.27%	–
MMM	New	3M CO	$3,143,000	–	17,950	–	0.26%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$3,127,000	–	55,908	–	0.26%	–
MCK	New	MCKESSON CORP	$3,001,000	–	16,978	–	0.25%	–
FDX	New	FEDEX CORP	$2,942,000	–	19,341	–	0.24%	–
XOM	New	EXXON MOBIL CORP	$2,865,000	–	30,573	–	0.24%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$2,814,000	–	37,190	–	0.23%	–
UNP	New	UNION PAC CORP	$2,778,000	–	31,841	–	0.23%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,726,000	–	18,351	–	0.23%	–
SCHW	New	SCHWAB CHARLES CORP NEW	$2,711,000	–	107,113	–	0.22%	–
EEM	New	ISHARES TRmsci emg mkt etf	$2,423,000	–	70,500	–	0.20%	–
LOW	New	LOWES COS INC	$2,425,000	–	30,642	–	0.20%	–
PX	New	PRAXAIR INC	$2,385,000	–	22,532	–	0.20%	–
CELG	New	CELGENE CORP	$2,289,000	–	23,206	–	0.19%	–
MCO	New	MOODYS CORP	$2,269,000	–	24,196	–	0.19%	–
VSS	New	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$2,204,000	–	23,677	–	0.18%	–
ST	New	SENSATA TECHNOLOGIES HLDG NV	$2,200,000	–	63,089	–	0.18%	–
PBA	New	PEMBINA PIPELINE CORP	$1,873,000	–	61,744	–	0.16%	–
EFA	New	ISHARES TRmsci eafe etf	$1,880,000	–	33,670	–	0.16%	–
CL	New	COLGATE PALMOLIVE CO	$1,783,000	–	24,365	–	0.15%	–
FISV	New	FISERV INC	$1,698,000	–	17,843	–	0.14%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,613,000	–	24,736	–	0.13%	–
CVX	New	CHEVRON CORP NEW	$1,581,000	–	15,090	–	0.13%	–
TU	New	TELUS CORP	$1,540,000	–	47,525	–	0.13%	–
UTX	New	UNITED TECHNOLOGIES CORP	$1,426,000	–	16,236	–	0.12%	–
BDX	New	BECTON DICKINSON & CO	$1,426,000	–	8,812	–	0.12%	–
OMC	New	OMNICOM GROUP INC	$1,406,000	–	20,115	–	0.12%	–
TAHO	New	TAHOE RES INC	$1,378,000	–	92,520	–	0.12%	–
BPY	New	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$1,348,000	–	60,260	–	0.11%	–
SHPG	New	SHIRE PLCsponsored adr	$1,188,000	–	7,448	–	0.10%	–
BLL	New	BALL CORP	$1,088,000	–	17,261	–	0.09%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$996,000	–	52,150	–	0.08%	–
VAR	New	VARIAN MED SYS INC	$967,000	–	12,319	–	0.08%	–
MET	New	METLIFE INC	$856,000	–	25,312	–	0.07%	–
BTG	New	B2GOLD CORP	$842,000	–	337,420	–	0.07%	–
SLF	New	SUN LIFE FINL INC	$824,000	–	25,210	–	0.07%	–
ECL	New	ECOLAB INC	$763,000	–	7,276	–	0.06%	–
EWJ	New	ISHARESmsci japan etf	$497,000	–	56,091	–	0.04%	–
RIC	New	RICHMONT MINES INC	$345,000	–	37,400	–	0.03%	–
VET	New	VERMILION ENERGY INC	$324,000	–	10,170	–	0.03%	–
PM	New	PHILIP MORRIS INTL INC	$248,000	–	3,143	–	0.02%	–
CVE	New	CENOVUS ENERGY INC	$237,000	–	17,220	–	0.02%	–
SAP	New	SAP SEspon adr	$200,000	–	3,438	–	0.02%	–
ABB	New	ABB LTDsponsored adr	$162,000	–	10,586	–	0.01%	–
TAC	New	TRANSALTA CORP	$117,000	–	22,500	–	0.01%	–

Q4 2015

			Value		Shares		↓ Weighting
AT	Exit	ATLANTIC PWR CORP	$0	–	-15,210	–	-0.00%	–
ABB	Exit	ABB LTDsponsored adr	$0	–	-10,586	–	-0.01%	–
NJDCY	Exit	NIDEC CORPsponsored adr	$0	–	-18,437	–	-0.02%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-40,000	–	-0.02%	–
TAC	Exit	TRANSALTA CORP	$0	–	-61,570	–	-0.03%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-10,230	–	-0.03%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-23,230	–	-0.03%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-2,120	–	-0.04%	–
BPY	Exit	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$0	–	-18,030	–	-0.04%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-56,091	–	-0.05%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-33,003	–	-0.05%	–
BXLT	Exit	BAXALTA INC	$0	–	-28,481	–	-0.06%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-21,642	–	-0.06%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-12,051	–	-0.08%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-6,787	–	-0.08%	–
BLL	Exit	BALL CORP	$0	–	-21,828	–	-0.09%	–
MET	Exit	METLIFE INC	$0	–	-31,039	–	-0.09%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-32,340	–	-0.10%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-24,598	–	-0.10%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-20,536	–	-0.11%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-61,140	–	-0.11%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-24,233	–	-0.13%	–
ENB	Exit	ENBRIDGE INC	$0	–	-39,050	–	-0.14%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-41,490	–	-0.15%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-20,098	–	-0.15%	–
FISV	Exit	FISERV INC	$0	–	-27,651	–	-0.15%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-25,699	–	-0.16%	–
SCHW	Exit	SCHWAB CHARLES CORP NEW	$0	–	-56,860	–	-0.16%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-22,624	–	-0.17%	–
VSS	Exit	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$0	–	-20,952	–	-0.18%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-33,670	–	-0.18%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-62,500	–	-0.20%	–
PX	Exit	PRAXAIR INC	$0	–	-25,185	–	-0.21%	–
MCK	Exit	MCKESSON CORP	$0	–	-12,060	–	-0.21%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-33,111	–	-0.23%	–
ECA	Exit	ENCANA CORP	$0	–	-399,738	–	-0.24%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-211,580	–	-0.25%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-42,435	–	-0.26%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-36,548	–	-0.26%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-33,359	–	-0.26%	–
EMC	Exit	E M C CORP MASS	$0	–	-117,044	–	-0.27%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-122,158	–	-0.28%	–
AFL	Exit	AFLAC INC	$0	–	-52,474	–	-0.29%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-29,272	–	-0.30%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-47,168	–	-0.31%	–
FDX	Exit	FEDEX CORP	$0	–	-22,743	–	-0.31%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-19,367	–	-0.32%	–
MMM	Exit	3M CO	$0	–	-24,126	–	-0.33%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-49,280	–	-0.34%	–
FFIV	Exit	F5 NETWORKS INC	$0	–	-31,332	–	-0.35%	–
KO	Exit	COCA COLA CO	$0	–	-91,057	–	-0.35%	–
INTU	Exit	INTUIT	$0	–	-41,585	–	-0.35%	–
PEP	Exit	PEPSICO INC	$0	–	-44,122	–	-0.35%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG NV	$0	–	-85,647	–	-0.36%	–
SYK	Exit	STRYKER CORP	$0	–	-40,727	–	-0.37%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-93,237	–	-0.37%	–
AAVVF	Exit	ADVANTAGE OIL & GAS LTD	$0	–	-759,740	–	-0.38%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-48,060	–	-0.38%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-82,760	–	-0.40%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-62,113	–	-0.41%	–
QCOM	Exit	QUALCOMM INC	$0	–	-81,202	–	-0.41%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-51,570	–	-0.41%	–
VNQI	Exit	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$0	–	-84,729	–	-0.41%	–
MON	Exit	MONSANTO CO NEW	$0	–	-57,031	–	-0.43%	–
NLSN	Exit	NIELSEN HLDGS PLC	$0	–	-119,626	–	-0.45%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-65,807	–	-0.46%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-203,820	–	-0.47%	–
CCJ	Exit	CAMECO CORP	$0	–	-401,810	–	-0.47%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-124,524	–	-0.48%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-76,875	–	-0.51%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-66,058	–	-0.54%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-92,747	–	-0.54%	–
UNP	Exit	UNION PAC CORP	$0	–	-64,561	–	-0.54%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-60,775	–	-0.55%	–
ORCL	Exit	ORACLE CORP	$0	–	-169,929	–	-0.55%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-92,980	–	-0.56%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-239,580	–	-0.58%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-46,602	–	-0.58%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-64,359	–	-0.58%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-44,097	–	-0.61%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-5,253	–	-0.62%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-27,585	–	-0.64%	–
STT	Exit	STATE STR CORP	$0	–	-104,996	–	-0.64%	–
MEOH	Exit	METHANEX CORP	$0	–	-208,430	–	-0.66%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-79,407	–	-0.68%	–
SLW	Exit	SILVER WHEATON CORP	$0	–	-594,620	–	-0.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-76,576	–	-0.68%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-60,154	–	-0.72%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-224,613	–	-0.72%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-79,609	–	-0.73%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-183,137	–	-0.77%	–
V	Exit	VISA INC	$0	–	-130,820	–	-0.82%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-116,493	–	-0.84%	–
DIS	Exit	DISNEY WALT CO	$0	–	-88,344	–	-0.86%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-189,918	–	-0.88%	–
CXRX	Exit	CONCORDIA HEALTHCARE CORP	$0	–	-229,380	–	-0.93%	–
TJX	Exit	TJX COS INC NEW	$0	–	-136,712	–	-0.93%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-220,810	–	-0.94%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-129,283	–	-1.00%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-934,391	–	-1.02%	–
NKE	Exit	NIKE INCcl b	$0	–	-95,864	–	-1.12%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-578,440	–	-1.13%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-108,243	–	-1.17%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-136,944	–	-1.28%	–
BCE	Exit	BCE INC	$0	–	-337,940	–	-1.33%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-406,900	–	-1.40%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-367,110	–	-1.40%	–
AAPL	Exit	APPLE INC	$0	–	-134,870	–	-1.42%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-872,747	–	-1.47%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-450,360	–	-1.49%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-137,810	–	-1.88%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,106,332	–	-2.06%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-112,602	–	-2.06%	–
MGA	Exit	MAGNA INTL INC	$0	–	-486,670	–	-2.21%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-892,840	–	-2.56%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,007,810	–	-2.56%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-871,784	–	-2.65%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-702,915	–	-3.78%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-722,340	–	-3.79%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-751,360	–	-3.89%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,346,590	–	-4.02%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-3,109,118	–	-4.56%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,298,444	–	-5.43%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,092,830	–	-7.82%	–

Q3 2015

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$82,107,000	-7.7%	2,092,830	-0.0%	7.82%	+3.3%
BNS	Sell	BANK N S HALIFAX	$56,976,000	-15.1%	1,298,444	-0.1%	5.43%	-5.1%
MFC	Buy	MANULIFE FINL CORP	$47,865,000	-16.9%	3,109,118	+0.3%	4.56%	-7.1%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$42,176,000	-10.6%	1,346,590	-0.2%	4.02%	+0.0%
BMO	Buy	BANK MONTREAL QUE	$40,789,000	-8.2%	751,360	+0.2%	3.89%	+2.6%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$39,757,000	-9.4%	722,340	+0.7%	3.79%	+1.3%
CNI	Sell	CANADIAN NATL RY CO	$39,732,000	-2.7%	702,915	-0.7%	3.78%	+8.8%
TRP	Buy	TRANSCANADA CORP	$27,777,000	-21.5%	871,784	+1.2%	2.65%	-12.2%
SU	Buy	SUNCOR ENERGY INC NEW	$26,829,000	+10.6%	1,007,810	+14.5%	2.56%	+23.7%
GIL	Buy	GILDAN ACTIVEWEAR INC	$26,825,000	-2.8%	892,840	+7.5%	2.56%	+8.7%
MGA	Buy	MAGNA INTL INC	$23,234,000	+5.0%	486,670	+23.5%	2.21%	+17.4%
SPY	Buy	SPDR S&P 500 ETF TRtr unit	$21,676,000	-6.3%	112,602	+0.6%	2.06%	+4.8%
CNQ	Sell	CANADIAN NAT RES LTD	$21,637,000	-32.4%	1,106,332	-5.6%	2.06%	-24.4%
CP	Buy	CANADIAN PAC RY LTD	$19,724,000	-9.3%	137,810	+1.7%	1.88%	+1.5%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$15,607,000	-3.6%	450,360	-0.2%	1.49%	+7.9%
DSGX	Sell	DESCARTES SYS GROUP INC	$15,389,000	-18.7%	872,747	-26.0%	1.47%	-9.1%
AAPL	Sell	APPLE INC	$14,877,000	-14.1%	134,870	-2.4%	1.42%	-4.0%
TRI	Sell	THOMSON REUTERS CORP	$14,688,000	+4.7%	367,110	-0.3%	1.40%	+17.1%
GIB	Sell	GROUPE CGI INCcl a sub vtg	$14,676,000	-31.8%	406,900	-26.0%	1.40%	-23.7%
BCE	Buy	BCE INC	$13,932,000	-1.3%	337,940	+3.0%	1.33%	+10.4%
GILD	Sell	GILEAD SCIENCES INC	$13,446,000	-18.1%	136,944	-2.4%	1.28%	-8.4%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$12,261,000	-7.4%	108,243	-1.4%	1.17%	+3.6%
POT	Sell	POTASH CORP SASK INC	$11,836,000	-34.1%	578,440	-0.2%	1.13%	-26.3%
NKE	Sell	NIKE INCcl b	$11,813,000	+11.1%	95,864	-2.4%	1.12%	+24.2%
CPG	Buy	CRESCENT PT ENERGY CORP	$10,711,000	+0.8%	934,391	+82.3%	1.02%	+12.7%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$10,466,000	-3.8%	129,283	+5.7%	1.00%	+7.7%
OTEX	Sell	OPEN TEXT CORP	$9,844,000	-11.0%	220,810	-18.9%	0.94%	-0.4%
TJX	Sell	TJX COS INC NEW	$9,763,000	+5.4%	136,712	-2.4%	0.93%	+17.9%
CXRX	Buy	CONCORDIA HEALTHCARE CORP	$9,743,000	+49.4%	229,380	+154.3%	0.93%	+67.2%
WFC	Sell	WELLS FARGO & CO NEW	$9,229,000	-10.5%	189,918	-1.7%	0.88%	+0.1%
DIS	Sell	DISNEY WALT CO	$9,029,000	-12.6%	88,344	-2.4%	0.86%	-2.2%
VNQ	Sell	VANGUARD INDEX FDSreit etf	$8,800,000	-0.8%	116,493	-0.9%	0.84%	+11.0%
V	Sell	VISA INC	$8,583,000	+0.1%	130,820	-3.4%	0.82%	+12.1%
MSFT	Sell	MICROSOFT CORP	$8,057,000	-1.7%	183,137	-1.8%	0.77%	+10.0%
CVS	Sell	CVS HEALTH CORP	$7,680,000	-10.2%	79,609	-2.4%	0.73%	+0.5%
VWO	Buy	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$7,534,000	-6.3%	224,613	+15.3%	0.72%	+4.8%
AVGO	Sell	AVAGO TECHNOLOGIES LTD	$7,521,000	-8.2%	60,154	-2.4%	0.72%	+2.7%
JNJ	Sell	JOHNSON & JOHNSON	$7,150,000	-6.5%	76,576	-2.4%	0.68%	+4.6%
SLW	Sell	SILVER WHEATON CORP	$7,113,000	-40.4%	594,620	-13.6%	0.68%	-33.3%
PNC	Sell	PNC FINL SVCS GROUP INC	$7,084,000	-9.0%	79,407	-2.4%	0.68%	+1.8%
MEOH	Buy	METHANEX CORP	$6,874,000	+2914.9%	208,430	+5008.6%	0.66%	+3347.4%
STT	Sell	STATE STR CORP	$6,744,000	-14.4%	104,996	-1.7%	0.64%	-4.3%
ADS	Buy	ALLIANCE DATA SYSTEMS CORP	$6,692,000	+1.6%	27,585	+14.2%	0.64%	+13.5%
PCLN	Sell	PRICELINE GRP INC	$6,498,000	+4.9%	5,253	-2.3%	0.62%	+17.5%
COST	Sell	COSTCO WHSL CORP NEW	$6,375,000	+4.5%	44,097	-2.4%	0.61%	+16.7%
ABC	Sell	AMERISOURCEBERGEN CORP	$6,115,000	-12.8%	64,359	-2.4%	0.58%	-2.3%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$6,077,000	-6.5%	46,602	-2.4%	0.58%	+4.7%
AEM	Sell	AGNICO EAGLE MINES LTD	$6,046,000	-63.6%	239,580	-59.0%	0.58%	-59.3%
CTSH	Sell	COGNIZANT TECHNOLOGY SOLUTIOcl a	$5,822,000	+0.1%	92,980	-2.3%	0.56%	+12.1%
ORCL	Sell	ORACLE CORP	$5,759,000	-12.0%	169,929	-1.5%	0.55%	-1.4%
HON	Sell	HONEYWELL INTL INC	$5,754,000	-9.3%	60,775	-2.4%	0.55%	+1.5%
UNP	Sell	UNION PAC CORP	$5,707,000	-9.5%	64,561	-2.4%	0.54%	+1.3%
JPM	Sell	JPMORGAN CHASE & CO	$5,654,000	-12.2%	92,747	-2.4%	0.54%	-1.6%
DHR	Sell	DANAHER CORP DEL	$5,637,000	-2.8%	66,058	-2.4%	0.54%	+8.7%
SLB	Sell	SCHLUMBERGER LTD	$5,343,000	-21.7%	76,875	-2.4%	0.51%	-12.4%
CBS	Sell	CBS CORP NEWcl b	$4,984,000	-29.7%	124,524	-2.4%	0.48%	-21.4%
CCJ	Buy	CAMECO CORP	$4,909,000	+116.2%	401,810	+154.6%	0.47%	+142.5%
PBA	Sell	PEMBINA PIPELINE CORP	$4,904,000	-26.4%	203,820	-0.7%	0.47%	-17.6%
AXP	Sell	AMERICAN EXPRESS CO	$4,878,000	-7.1%	65,807	-2.3%	0.46%	+4.0%
NLSN	New	NIELSEN HLDGS PLC	$4,697,000	–	119,626	–	0.45%	–
MON	Buy	MONSANTO CO NEW	$4,489,000	-7.7%	57,031	+15.1%	0.43%	+3.4%
VNQI	Buy	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$4,339,000	-5.4%	84,729	+3.1%	0.41%	+5.6%
CHD	Sell	CHURCH & DWIGHT INC	$4,326,000	+0.9%	51,570	-2.4%	0.41%	+12.9%
QCOM	Sell	QUALCOMM INC	$4,316,000	-36.0%	81,202	-25.1%	0.41%	-28.4%
TROW	Sell	PRICE T ROWE GROUP INC	$4,317,000	-12.7%	62,113	-2.4%	0.41%	-2.4%
APH	Sell	AMPHENOL CORP NEWcl a	$4,192,000	-14.3%	82,760	-2.3%	0.40%	-4.1%
ADBE	Sell	ADOBE SYS INC	$3,952,000	-0.9%	48,060	-2.4%	0.38%	+10.6%
AAVVF	Buy	ADVANTAGE OIL & GAS LTD	$3,949,000	+124.2%	759,740	+172.9%	0.38%	+150.7%
MDLZ	Buy	MONDELEZ INTL INCcl a	$3,918,000	+19.6%	93,237	+17.5%	0.37%	+33.7%
SYK	Sell	STRYKER CORP	$3,846,000	-3.8%	40,727	-2.3%	0.37%	+7.3%
ST	Sell	SENSATA TECHNOLOGIES HLDG NV	$3,797,000	-17.9%	85,647	-2.4%	0.36%	-8.1%
PEP	Sell	PEPSICO INC	$3,712,000	-0.4%	44,122	-1.0%	0.35%	+11.7%
INTU	Sell	INTUIT	$3,690,000	-14.0%	41,585	-2.4%	0.35%	-3.8%
KO	Sell	COCA COLA CO	$3,680,000	0.0%	91,057	-2.4%	0.35%	+12.1%
FFIV	Buy	F5 NETWORKS INC	$3,629,000	+10.4%	31,332	+14.6%	0.35%	+23.6%
CM	Buy	CDN IMPERIAL BK COMM TORONTO	$3,565,000	+1.0%	49,280	+4.2%	0.34%	+13.3%
MMM	Sell	3M CO	$3,421,000	-10.3%	24,126	-2.3%	0.33%	+0.3%
GS	Sell	GOLDMAN SACHS GROUP INC	$3,365,000	-18.7%	19,367	-2.3%	0.32%	-9.1%
FDX	Sell	FEDEX CORP	$3,281,000	-17.5%	22,743	-2.4%	0.31%	-7.7%
AKAM	Sell	AKAMAI TECHNOLOGIES INC	$3,258,000	-3.4%	47,168	-2.4%	0.31%	+8.0%
IJR	Sell	ISHARES TRcore s&p scp etf	$3,130,000	-10.1%	29,272	-0.9%	0.30%	+0.3%
AFL	Sell	AFLAC INC	$3,012,000	-11.8%	52,474	-5.3%	0.29%	-1.4%
DISCK	Sell	DISCOVERY COMMUNICATNS NEW	$2,956,000	-23.5%	122,158	-2.0%	0.28%	-14.3%
EMC	Sell	E M C CORP MASS	$2,841,000	-10.5%	117,044	-2.4%	0.27%	+0.4%
UPS	Sell	UNITED PARCEL SERVICE INCcl b	$2,768,000	+0.9%	33,359	-0.3%	0.26%	+12.8%
UTX	Sell	UNITED TECHNOLOGIES CORP	$2,706,000	-58.6%	36,548	-43.7%	0.26%	-53.6%
HRL	Sell	HORMEL FOODS CORP	$2,686,000	+9.6%	42,435	-2.4%	0.26%	+22.5%
GG	Buy	GOLDCORP INC NEW	$2,637,000	-21.0%	211,580	+3.0%	0.25%	-11.6%
ECA	Sell	ENCANA CORP	$2,565,000	-41.9%	399,738	-0.2%	0.24%	-35.1%
XOM	Sell	EXXON MOBIL CORP	$2,461,000	-12.7%	33,111	-2.4%	0.23%	-2.5%
MCK	Buy	MCKESSON CORP	$2,232,000	+167.0%	12,060	+224.0%	0.21%	+200.0%
PX	Buy	PRAXAIR INC	$2,216,000	+2.0%	25,185	+17.0%	0.21%	+14.1%
EEM	Buy	ISHARES TRmsci emg mkt etf	$2,048,000	-10.6%	62,500	+8.7%	0.20%	0.0%
VSS	Buy	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$1,910,000	-10.8%	20,952	+0.4%	0.18%	0.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$1,753,000	-3.4%	22,624	+1.9%	0.17%	+7.7%
CL	Sell	COLGATE PALMOLIVE CO	$1,632,000	-5.3%	25,699	-2.4%	0.16%	+5.4%
SCHW	New	SCHWAB CHARLES CORP NEW	$1,623,000	–	56,860	–	0.16%	–
FISV	Buy	FISERV INC	$1,604,000	+7.1%	27,651	+2.1%	0.15%	+20.5%
CVX	Sell	CHEVRON CORP NEW	$1,584,000	-44.2%	20,098	-31.7%	0.15%	-37.6%
BEN	Sell	FRANKLIN RES INC	$1,554,000	-52.0%	41,490	-37.0%	0.15%	-46.4%
BBBY	Sell	BED BATH & BEYOND INC	$1,380,000	-19.4%	24,233	-2.4%	0.13%	-10.3%
SJR	Buy	SHAW COMMUNICATIONS INCcl b conv	$1,179,000	-7.1%	61,140	+5.0%	0.11%	+3.7%
PM	Buy	PHILIP MORRIS INTL INC	$1,116,000	+0.5%	20,536	+1.9%	0.11%	+11.6%
OMC	Buy	OMNICOM GROUP INC	$1,106,000	-3.5%	24,598	+1.9%	0.10%	+7.1%
MET	Buy	METLIFE INC	$986,000	-14.3%	31,039	+1.9%	0.09%	-4.1%
BLL	Buy	BALL CORP	$911,000	-8.3%	21,828	+2.3%	0.09%	+2.4%
BDX	Buy	BECTON DICKINSON & CO	$848,000	-4.9%	6,787	+2.7%	0.08%	+6.6%
VAR	Buy	VARIAN MED SYS INC	$844,000	-11.1%	12,051	+2.7%	0.08%	-1.2%
FLS	Buy	FLOWSERVE CORP	$617,000	-20.5%	21,642	+2.0%	0.06%	-10.6%
BXLT	New	BAXALTA INC	$601,000	–	28,481	–	0.06%	–
DISCA	Buy	DISCOVERY COMMUNICATNS NEW	$516,000	-13.3%	33,003	+8.4%	0.05%	-3.9%
BPY	Buy	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$386,000	+12.5%	18,030	+16.2%	0.04%	+27.6%
VRX	Sell	VALEANT PHARMACEUTICALS INTL	$377,000	-24.9%	2,120	-6.2%	0.04%	-16.3%
CVE	Buy	CENOVUS ENERGY INC	$351,000	+1.2%	23,230	+7.1%	0.03%	+10.0%
PUK	Exit	PRUDENTIAL PLCadr	$0	–	-6,085	–	-0.02%	–
BAX	Exit	BAXTER INTL INC	$0	–	-26,448	–	-0.11%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-25,083	–	-0.14%	–
NLSN	Exit	NIELSEN N V	$0	–	-117,578	–	-0.40%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-1,749,030	–	-0.40%	–

Q2 2015

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$88,941,000	–	2,093,500	–	7.57%	–
BNS	New	BANK N S HALIFAX	$67,148,000	–	1,300,294	–	5.72%	–
MFC	New	MANULIFE FINL CORP	$57,633,000	–	3,100,078	–	4.91%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$47,167,000	–	1,349,410	–	4.02%	–
BMO	New	BANK MONTREAL QUE	$44,453,000	–	749,870	–	3.79%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$43,900,000	–	717,540	–	3.74%	–
CNI	New	CANADIAN NATL RY CO	$40,838,000	–	707,565	–	3.48%	–
TRP	New	TRANSCANADA CORP	$35,383,000	–	861,384	–	3.01%	–
CNQ	New	CANADIAN NAT RES LTD	$32,026,000	–	1,171,562	–	2.73%	–
GIL	New	GILDAN ACTIVEWEAR INC	$27,598,000	–	830,420	–	2.35%	–
SU	New	SUNCOR ENERGY INC NEW	$24,259,000	–	880,450	–	2.07%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$23,141,000	–	111,942	–	1.97%	–
MGA	New	MAGNA INTL INC	$22,131,000	–	394,150	–	1.88%	–
CP	New	CANADIAN PAC RY LTD	$21,740,000	–	135,440	–	1.85%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$21,509,000	–	549,660	–	1.83%	–
DSGX	New	DESCARTES SYS GROUP INC	$18,939,000	–	1,179,137	–	1.61%	–
POT	New	POTASH CORP SASK INC	$17,965,000	–	579,760	–	1.53%	–
AAPL	New	APPLE INC	$17,328,000	–	138,139	–	1.48%	–
AEM	New	AGNICO EAGLE MINES LTD	$16,607,000	–	584,680	–	1.41%	–
GILD	New	GILEAD SCIENCES INC	$16,420,000	–	140,249	–	1.40%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$16,182,000	–	451,160	–	1.38%	–
BCE	New	BCE INC	$14,110,000	–	328,000	–	1.20%	–
TRI	New	THOMSON REUTERS CORP	$14,031,000	–	368,340	–	1.20%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$13,237,000	–	109,801	–	1.13%	–
SLW	New	SILVER WHEATON CORP	$11,937,000	–	688,400	–	1.02%	–
OTEX	New	OPEN TEXT CORP	$11,058,000	–	272,200	–	0.94%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$10,876,000	–	122,265	–	0.93%	–
NKE	New	NIKE INCcl b	$10,633,000	–	98,213	–	0.91%	–
CPG	New	CRESCENT PT ENERGY CORP	$10,621,000	–	512,691	–	0.90%	–
DIS	New	DISNEY WALT CO	$10,326,000	–	90,479	–	0.88%	–
WFC	New	WELLS FARGO & CO NEW	$10,308,000	–	193,188	–	0.88%	–
TJX	New	TJX COS INC NEW	$9,266,000	–	140,020	–	0.79%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$8,868,000	–	117,533	–	0.76%	–
V	New	VISA INC	$8,571,000	–	135,480	–	0.73%	–
CVS	New	CVS HEALTH CORP	$8,550,000	–	81,534	–	0.73%	–
MSFT	New	MICROSOFT CORP	$8,198,000	–	186,468	–	0.70%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$8,190,000	–	61,607	–	0.70%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$8,040,000	–	194,833	–	0.68%	–
STT	New	STATE STR CORP	$7,876,000	–	106,844	–	0.67%	–
PNC	New	PNC FINL SVCS GROUP INC	$7,781,000	–	81,332	–	0.66%	–
JNJ	New	JOHNSON & JOHNSON	$7,644,000	–	78,437	–	0.65%	–
CBS	New	CBS CORP NEWcl b	$7,094,000	–	127,531	–	0.60%	–
ABC	New	AMERISOURCEBERGEN CORP	$7,011,000	–	65,929	–	0.60%	–
SLB	New	SCHLUMBERGER LTD	$6,825,000	–	78,731	–	0.58%	–
QCOM	New	QUALCOMM INC	$6,744,000	–	108,363	–	0.57%	–
PBA	New	PEMBINA PIPELINE CORP	$6,663,000	–	205,210	–	0.57%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$6,585,000	–	24,155	–	0.56%	–
ORCL	New	ORACLE CORP	$6,544,000	–	172,596	–	0.56%	–
UTX	New	UNITED TECHNOLOGIES CORP	$6,530,000	–	64,876	–	0.56%	–
CXRX	New	CONCORDIA HEALTHCARE CORP	$6,522,000	–	90,200	–	0.56%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$6,497,000	–	47,730	–	0.55%	–
JPM	New	JPMORGAN CHASE & CO	$6,438,000	–	94,996	–	0.55%	–
HON	New	HONEYWELL INTL INC	$6,346,000	–	62,238	–	0.54%	–
UNP	New	UNION PAC CORP	$6,307,000	–	66,130	–	0.54%	–
PCLN	New	PRICELINE GRP INC	$6,192,000	–	5,377	–	0.53%	–
COST	New	COSTCO WHSL CORP NEW	$6,102,000	–	45,172	–	0.52%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$5,816,000	–	95,211	–	0.50%	–
DHR	New	DANAHER CORP DEL	$5,798,000	–	67,649	–	0.49%	–
AXP	New	AMERICAN EXPRESS CO	$5,253,000	–	67,380	–	0.45%	–
TROW	New	PRICE T ROWE GROUP INC	$4,946,000	–	63,624	–	0.42%	–
APH	New	AMPHENOL CORP NEWcl a	$4,889,000	–	84,709	–	0.42%	–
MON	New	MONSANTO CO NEW	$4,863,000	–	49,545	–	0.41%	–
NGD	New	NEW GOLD INC CDA	$4,695,000	–	1,749,030	–	0.40%	–
NLSN	New	NIELSEN N V	$4,665,000	–	117,578	–	0.40%	–
ST	New	SENSATA TECHNOLOGIES HLDG NV	$4,626,000	–	87,710	–	0.39%	–
VNQI	New	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$4,588,000	–	82,146	–	0.39%	–
ECA	New	ENCANA CORP	$4,418,000	–	400,538	–	0.38%	–
INTU	New	INTUIT	$4,292,000	–	42,601	–	0.37%	–
CHD	New	CHURCH & DWIGHT INC	$4,287,000	–	52,833	–	0.36%	–
GS	New	GOLDMAN SACHS GROUP INC	$4,140,000	–	19,831	–	0.35%	–
SYK	New	STRYKER CORP	$3,999,000	–	41,705	–	0.34%	–
ADBE	New	ADOBE SYS INC	$3,987,000	–	49,225	–	0.34%	–
FDX	New	FEDEX CORP	$3,975,000	–	23,291	–	0.34%	–
DISCK	New	DISCOVERY COMMUNICATNS NEW	$3,862,000	–	124,619	–	0.33%	–
MMM	New	3M CO	$3,812,000	–	24,706	–	0.32%	–
PEP	New	PEPSICO INC	$3,726,000	–	44,574	–	0.32%	–
KO	New	COCA COLA CO	$3,680,000	–	93,274	–	0.31%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$3,528,000	–	47,280	–	0.30%	–
IJR	New	ISHARES TRcore s&p scp etf	$3,482,000	–	29,542	–	0.30%	–
AFL	New	AFLAC INC	$3,416,000	–	55,409	–	0.29%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$3,372,000	–	48,313	–	0.29%	–
GG	New	GOLDCORP INC NEW	$3,336,000	–	205,430	–	0.28%	–
FFIV	New	F5 NETWORKS INC	$3,288,000	–	27,339	–	0.28%	–
MDLZ	New	MONDELEZ INTL INCcl a	$3,276,000	–	79,370	–	0.28%	–
BEN	New	FRANKLIN RES INC	$3,237,000	–	65,831	–	0.28%	–
EMC	New	E M C CORP MASS	$3,176,000	–	119,882	–	0.27%	–
CVX	New	CHEVRON CORP NEW	$2,838,000	–	29,415	–	0.24%	–
XOM	New	EXXON MOBIL CORP	$2,820,000	–	33,908	–	0.24%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$2,742,000	–	33,474	–	0.23%	–
HRL	New	HORMEL FOODS CORP	$2,450,000	–	43,473	–	0.21%	–
EEM	New	ISHARES TRmsci emg mkt etf	$2,292,000	–	57,500	–	0.20%	–
CCJ	New	CAMECO CORP	$2,271,000	–	157,810	–	0.19%	–
EFA	New	ISHARES TRmsci eafe etf	$2,169,000	–	33,670	–	0.18%	–
PX	New	PRAXAIR INC	$2,172,000	–	21,531	–	0.18%	–
VSS	New	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$2,142,000	–	20,872	–	0.18%	–
ENB	New	ENBRIDGE INC	$1,827,000	–	39,050	–	0.16%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,815,000	–	22,204	–	0.16%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD	$1,761,000	–	278,430	–	0.15%	–
CL	New	COLGATE PALMOLIVE CO	$1,723,000	–	26,331	–	0.15%	–
BBBY	New	BED BATH & BEYOND INC	$1,712,000	–	24,822	–	0.15%	–
DD	New	DU PONT E I DE NEMOURS & CO	$1,602,000	–	25,083	–	0.14%	–
FISV	New	FISERV INC	$1,497,000	–	27,081	–	0.13%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$1,269,000	–	58,250	–	0.11%	–
BAX	New	BAXTER INTL INC	$1,245,000	–	26,448	–	0.11%	–
OMC	New	OMNICOM GROUP INC	$1,146,000	–	24,128	–	0.10%	–
MET	New	METLIFE INC	$1,151,000	–	30,449	–	0.10%	–
PM	New	PHILIP MORRIS INTL INC	$1,110,000	–	20,146	–	0.10%	–
SLF	New	SUN LIFE FINL INC	$1,080,000	–	32,340	–	0.09%	–
BLL	New	BALL CORP	$993,000	–	21,338	–	0.08%	–
VAR	New	VARIAN MED SYS INC	$949,000	–	11,731	–	0.08%	–
BDX	New	BECTON DICKINSON & CO	$892,000	–	6,607	–	0.08%	–
MCK	New	MCKESSON CORP	$836,000	–	3,722	–	0.07%	–
FLS	New	FLOWSERVE CORP	$776,000	–	21,222	–	0.07%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$595,000	–	30,443	–	0.05%	–
EWJ	New	ISHARESmsci japan etf	$578,000	–	56,091	–	0.05%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$502,000	–	2,260	–	0.04%	–
TAC	New	TRANSALTA CORP	$487,000	–	61,570	–	0.04%	–
VET	New	VERMILION ENERGY INC	$444,000	–	10,230	–	0.04%	–
GOLD	New	BARRICK GOLD CORP	$428,000	–	40,000	–	0.04%	–
CVE	New	CENOVUS ENERGY INC	$347,000	–	21,690	–	0.03%	–
BPY	New	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$343,000	–	15,510	–	0.03%	–
NJDCY	New	NIDEC CORPsponsored adr	$276,000	–	18,437	–	0.02%	–
PUK	New	PRUDENTIAL PLCadr	$237,000	–	6,085	–	0.02%	–
MEOH	New	METHANEX CORP	$228,000	–	4,080	–	0.02%	–
ABB	New	ABB LTDsponsored adr	$177,000	–	10,586	–	0.02%	–
AT	New	ATLANTIC PWR CORP	$47,000	–	15,210	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
AT	Exit	ATLANTIC PWR CORP	$0	–	-15,210	–	-0.00%	–
TBT	Exit	PROSHARES TR	$0	–	-1,525	–	-0.01%	–
AAVVF	Exit	ADVANTAGE OIL & GAS LTD	$0	–	-31,330	–	-0.01%	–
PUK	Exit	PRUDENTIAL PLCadr	$0	–	-5,174	–	-0.02%	–
NJDCY	Exit	NIDEC CORPsponsored adr	$0	–	-15,916	–	-0.02%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-5,380	–	-0.02%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-2,070	–	-0.02%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-7,960	–	-0.02%	–
BPY	Exit	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$0	–	-15,511	–	-0.03%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-11,810	–	-0.03%	–
EWJ	Exit	ISHARESmsci japan etf	$0	–	-48,136	–	-0.04%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-20,130	–	-0.05%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-40,000	–	-0.05%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-5,725	–	-0.06%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-10,734	–	-0.06%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-12,500	–	-0.07%	–
BLL	Exit	BALL CORP	$0	–	-12,301	–	-0.07%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-10,165	–	-0.07%	–
JWA	Exit	WILEY JOHN & SONS INCcl a	$0	–	-15,514	–	-0.08%	–
TAC	Exit	TRANSALTA CORP	$0	–	-80,170	–	-0.08%	–
MHFI	Exit	MCGRAW HILL FINL INC	$0	–	-10,801	–	-0.08%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-9,767	–	-0.08%	–
MET	Exit	METLIFE INC	$0	–	-18,578	–	-0.09%	–
SDS	Exit	PROSHARES TR	$0	–	-40,000	–	-0.09%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-14,841	–	-0.09%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-12,440	–	-0.09%	–
DISCK	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-28,080	–	-0.09%	–
TU	Exit	TELUS CORP	$0	–	-32,350	–	-0.10%	–
BAX	Exit	BAXTER INTL INC	$0	–	-15,866	–	-0.10%	–
FISV	Exit	FISERV INC	$0	–	-17,880	–	-0.10%	–
ENB	Exit	ENBRIDGE INC	$0	–	-24,350	–	-0.10%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-17,293	–	-0.11%	–
DISCA	Exit	DISCOVERY COMMUNICATNS NEW	$0	–	-32,118	–	-0.11%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-52,950	–	-0.11%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-16,120	–	-0.12%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-18,988	–	-0.13%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-18,300	–	-0.13%	–
CSX	Exit	CSX CORP	$0	–	-47,856	–	-0.14%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-23,493	–	-0.14%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-35,649	–	-0.14%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-23,513	–	-0.15%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-34,074	–	-0.15%	–
AGN	Exit	ALLERGAN INC	$0	–	-10,288	–	-0.16%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-54,530	–	-0.16%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-29,670	–	-0.17%	–
VSS	Exit	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$0	–	-18,800	–	-0.17%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-26,950	–	-0.18%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-41,404	–	-0.19%	–
PX	Exit	PRAXAIR INC	$0	–	-16,797	–	-0.19%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-53,500	–	-0.20%	–
NLSN	Exit	NIELSEN N V	$0	–	-52,344	–	-0.20%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-41,543	–	-0.22%	–
APA	Exit	APACHE CORP	$0	–	-29,892	–	-0.25%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-15,555	–	-0.25%	–
AFL	Exit	AFLAC INC	$0	–	-51,146	–	-0.26%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-31,805	–	-0.26%	–
AUY	Exit	YAMANA GOLD INC	$0	–	-497,730	–	-0.26%	–
SYK	Exit	STRYKER CORP	$0	–	-39,089	–	-0.28%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-46,200	–	-0.28%	–
IJR	Exit	ISHARES TRcore s&p scp etf	$0	–	-30,960	–	-0.28%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-27,587	–	-0.29%	–
MMM	Exit	3M CO	$0	–	-23,187	–	-0.29%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-50,438	–	-0.29%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-61,771	–	-0.30%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-43,221	–	-0.30%	–
INTU	Exit	INTUIT	$0	–	-39,967	–	-0.31%	–
FDX	Exit	FEDEX CORP	$0	–	-21,871	–	-0.31%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG NV	$0	–	-82,250	–	-0.32%	–
EMC	Exit	E M C CORP MASS	$0	–	-126,648	–	-0.33%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-65,744	–	-0.35%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-39,755	–	-0.35%	–
KO	Exit	COCA COLA CO	$0	–	-92,849	–	-0.35%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-89,572	–	-0.35%	–
PEP	Exit	PEPSICO INC	$0	–	-45,588	–	-0.37%	–
VNQI	Exit	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$0	–	-78,920	–	-0.38%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-62,745	–	-0.39%	–
SLW	Exit	SILVER WHEATON CORP	$0	–	-234,740	–	-0.41%	–
MON	Exit	MONSANTO CO NEW	$0	–	-42,313	–	-0.42%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-63,449	–	-0.42%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-57,796	–	-0.44%	–
UNP	Exit	UNION PAC CORP	$0	–	-47,707	–	-0.46%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-21,052	–	-0.46%	–
TLM	Exit	TALISMAN ENERGY INC	$0	–	-607,200	–	-0.46%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-42,393	–	-0.47%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-38,873	–	-0.47%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-69,429	–	-0.47%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-58,411	–	-0.48%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-63,181	–	-0.49%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-54,206	–	-0.50%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-66,815	–	-0.50%	–
ORCL	Exit	ORACLE CORP	$0	–	-151,638	–	-0.51%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-56,792	–	-0.51%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-76,501	–	-0.54%	–
V	Exit	VISA INC	$0	–	-29,114	–	-0.54%	–
PCLN	Exit	PRICELINE GRP INC	$0	–	-5,409	–	-0.55%	–
STT	Exit	STATE STR CORP	$0	–	-85,391	–	-0.55%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-119,631	–	-0.56%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-116,210	–	-0.57%	–
QCOM	Exit	QUALCOMM INC	$0	–	-99,997	–	-0.66%	–
DIS	Exit	DISNEY WALT CO	$0	–	-84,947	–	-0.66%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-182,040	–	-0.67%	–
TJX	Exit	TJX COS INC NEW	$0	–	-131,340	–	-0.68%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-73,556	–	-0.69%	–
PPPMF	Exit	PRIMERO MNG CORP	$0	–	-1,617,260	–	-0.69%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-173,345	–	-0.70%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-114,773	–	-0.71%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-156,816	–	-0.71%	–
BXE	Exit	BELLATRIX EXPLORATION LTD	$0	–	-1,340,070	–	-0.72%	–
NKE	Exit	NIKE INCcl b	$0	–	-92,220	–	-0.72%	–
VNQ	Exit	VANGUARD INDEX FDSreit etf	$0	–	-116,330	–	-0.74%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-300,600	–	-0.96%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-95,069	–	-1.02%	–
BCE	Exit	BCE INC	$0	–	-274,310	–	-1.05%	–
MGA	Exit	MAGNA INTL INC	$0	–	-125,340	–	-1.05%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-327,470	–	-1.05%	–
ECA	Exit	ENCANA CORP	$0	–	-622,458	–	-1.16%	–
AAPL	Exit	APPLE INC	$0	–	-137,594	–	-1.22%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-1,028,930	–	-1.25%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-137,134	–	-1.28%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-433,390	–	-1.29%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-393,930	–	-1.31%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-299,660	–	-1.44%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-549,171	–	-1.76%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-102,910	–	-1.88%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-119,692	–	-2.08%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-574,360	–	-2.14%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-366,160	–	-2.93%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-742,570	–	-3.40%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-964,350	–	-3.82%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-2,260,000	–	-3.83%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,122,450	–	-3.86%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-620,920	–	-3.88%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-700,770	–	-4.42%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,624,390	–	-5.18%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,115,210	–	-6.08%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,074,650	–	-9.02%	–

Q3 2014

			Value		Shares		↓ Weighting
TD	Buy	TORONTO DOMINION BK ONT	$102,606,000	+0.2%	2,074,650	+4.4%	9.02%	+3.9%
BNS	Buy	BANK N S HALIFAX	$69,124,000	-2.1%	1,115,210	+6.4%	6.08%	+1.6%
SU	Buy	SUNCOR ENERGY INC NEW	$58,910,000	-13.4%	1,624,390	+2.0%	5.18%	-10.2%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$50,197,000	+0.6%	700,770	+0.5%	4.42%	+4.4%
CNI	Buy	CANADIAN NATL RY CO	$44,176,000	+11.5%	620,920	+2.1%	3.88%	+15.7%
CNQ	Buy	CANADIAN NAT RES LTD	$43,927,000	-13.7%	1,122,450	+1.9%	3.86%	-10.5%
MFC	Buy	MANULIFE FINL CORP	$43,560,000	+10.4%	2,260,000	+14.1%	3.83%	+14.6%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$43,389,000	+4.1%	964,350	+2.1%	3.82%	+8.0%
TRP	Buy	TRANSCANADA CORP	$38,644,000	+16.9%	742,570	+8.5%	3.40%	+21.3%
CM	Buy	CDN IMPERIAL BK COMM TORONTO	$33,285,000	+0.9%	366,160	+2.3%	2.93%	+4.7%
PBA	Buy	PEMBINA PIPELINE CORP	$24,321,000	+7.6%	574,360	+9.9%	2.14%	+11.7%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$23,678,000	-0.9%	119,692	-1.5%	2.08%	+2.9%
CP	Buy	CANADIAN PAC RY LTD	$21,436,000	+54.2%	102,910	+34.5%	1.88%	+59.9%
CPG	Buy	CRESCENT PT ENERGY CORP	$19,975,000	-16.9%	549,171	+1.9%	1.76%	-13.7%
GIL	Buy	GILDAN ACTIVEWEAR INC	$16,429,000	-5.2%	299,660	+2.1%	1.44%	-1.6%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$14,939,000	-5.2%	393,930	+1.8%	1.31%	-1.6%
GIB	Buy	GROUPE CGI INCcl a sub vtg	$14,674,000	-2.6%	433,390	+2.2%	1.29%	+1.1%
GILD	Sell	GILEAD SCIENCES INC	$14,600,000	+14.1%	137,134	-11.1%	1.28%	+18.5%
DSGX	Buy	DESCARTES SYS GROUP INC	$14,188,000	-1.9%	1,028,930	+2.1%	1.25%	+1.8%
AAPL	Sell	APPLE INC	$13,861,000	+7.8%	137,594	-0.5%	1.22%	+11.8%
ECA	Buy	ENCANA CORP	$13,245,000	+16.7%	622,458	+30.2%	1.16%	+21.1%
TRI	Buy	THOMSON REUTERS CORP	$11,955,000	+4.6%	327,470	+4.5%	1.05%	+8.5%
MGA	New	MAGNA INTL INC	$11,924,000	–	125,340	–	1.05%	–
BCE	Buy	BCE INC	$11,906,000	+630.0%	274,310	+674.2%	1.05%	+658.7%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$11,542,000	+7.1%	95,069	+4.0%	1.02%	+11.2%
SLF	Buy	SUN LIFE FINL INC	$10,920,000	+0.5%	300,600	+1.9%	0.96%	+4.2%
VNQ	Buy	VANGUARD INDEX FDSreit etf	$8,358,000	-2.1%	116,330	+1.9%	0.74%	+1.5%
BXE	Buy	BELLATRIX EXPLORATION LTD	$8,248,000	-19.2%	1,340,070	+14.1%	0.72%	-16.3%
NKE	Buy	NIKE INCcl b	$8,245,000	+20.0%	92,220	+4.3%	0.72%	+24.6%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$8,108,000	+6.3%	114,773	+4.3%	0.71%	+10.4%
WFC	Buy	WELLS FARGO & CO NEW	$8,113,000	+2.6%	156,816	+4.1%	0.71%	+6.4%
MSFT	Buy	MICROSOFT CORP	$8,019,000	+15.7%	173,345	+4.2%	0.70%	+20.1%
PPPMF	Sell	PRIMERO MNG CORP	$7,888,000	-42.8%	1,617,260	-5.9%	0.69%	-40.6%
JNJ	Buy	JOHNSON & JOHNSON	$7,840,000	+34.9%	73,556	+32.4%	0.69%	+39.8%
TJX	Buy	TJX COS INC NEW	$7,772,000	+16.2%	131,340	+4.3%	0.68%	+20.6%
DIS	Buy	DISNEY WALT CO	$7,563,000	+8.4%	84,947	+4.3%	0.66%	+12.3%
QCOM	Buy	QUALCOMM INC	$7,457,000	+8.0%	99,997	+14.6%	0.66%	+12.1%
OTEX	Buy	OPEN TEXT CORP	$6,445,000	+18.1%	116,210	+2.3%	0.57%	+22.5%
CBS	Buy	CBS CORP NEWcl b	$6,415,000	-10.1%	119,631	+4.4%	0.56%	-6.8%
STT	Buy	STATE STR CORP	$6,292,000	+13.8%	85,391	+4.1%	0.55%	+17.9%
PCLN	Buy	PRICELINE GRP INC	$6,267,000	+0.2%	5,409	+4.0%	0.55%	+4.0%
V	Buy	VISA INC	$6,199,000	+5.3%	29,114	+4.1%	0.54%	+9.2%
CVS	Buy	CVS HEALTH CORP	$6,089,000	+97.9%	76,501	+87.4%	0.54%	+105.0%
SLB	Buy	SCHLUMBERGER LTD	$5,798,000	-10.0%	56,792	+4.4%	0.51%	-6.6%
ORCL	Buy	ORACLE CORP	$5,787,000	-1.9%	151,638	+4.0%	0.51%	+1.8%
PNC	Buy	PNC FINL SVCS GROUP INC	$5,717,000	+0.3%	66,815	+4.4%	0.50%	+4.1%
UTX	Buy	UNITED TECHNOLOGIES CORP	$5,696,000	-5.2%	54,206	+3.9%	0.50%	-1.6%
AXP	Buy	AMERICAN EXPRESS CO	$5,531,000	-3.7%	63,181	+4.4%	0.49%	-0.2%
HON	Buy	HONEYWELL INTL INC	$5,440,000	+4.5%	58,411	+4.3%	0.48%	+8.4%
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$5,370,000	-0.6%	38,873	-9.0%	0.47%	+3.1%
ABC	Buy	AMERISOURCEBERGEN CORP	$5,367,000	+11.1%	69,429	+4.4%	0.47%	+15.1%
COST	Buy	COSTCO WHSL CORP NEW	$5,313,000	+13.5%	42,393	+4.3%	0.47%	+17.6%
TLM	New	TALISMAN ENERGY INC	$5,266,000	–	607,200	–	0.46%	–
ADS	Buy	ALLIANCE DATA SYSTEMS CORP	$5,212,000	-8.3%	21,052	+4.0%	0.46%	-5.0%
UNP	Buy	UNION PAC CORP	$5,194,000	+13.4%	47,707	+4.3%	0.46%	+17.8%
AVGO	Buy	AVAGO TECHNOLOGIES LTD	$5,030,000	+26.0%	57,796	+4.4%	0.44%	+30.8%
DHR	Buy	DANAHER CORP DEL	$4,827,000	+0.7%	63,449	+4.3%	0.42%	+4.7%
MON	Buy	MONSANTO CO NEW	$4,741,000	-6.4%	42,313	+3.9%	0.42%	-2.8%
SLW	Sell	SILVER WHEATON CORP	$4,694,000	-73.5%	234,740	-65.0%	0.41%	-72.4%
CHD	Buy	CHURCH & DWIGHT INC	$4,403,000	+4.7%	62,745	+4.4%	0.39%	+8.7%
VNQI	Buy	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$4,297,000	-4.4%	78,920	+1.9%	0.38%	-0.8%
PEP	Buy	PEPSICO INC	$4,226,000	+8.2%	45,588	+4.0%	0.37%	+12.4%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,010,000	-4.5%	89,572	+4.4%	0.35%	-0.8%
KO	Buy	COCA COLA CO	$3,985,000	+5.1%	92,849	+4.3%	0.35%	+9.0%
APH	Buy	AMPHENOL CORP NEWcl a	$3,965,000	+7.8%	39,755	+4.1%	0.35%	+11.9%
JPM	Buy	JPMORGAN CHASE & CO	$3,961,000	+9.1%	65,744	+4.3%	0.35%	+13.0%
EMC	Buy	E M C CORP MASS	$3,718,000	+15.9%	126,648	+4.4%	0.33%	+20.2%
ST	Buy	SENSATA TECHNOLOGIES HLDG NV	$3,663,000	-0.6%	82,250	+4.4%	0.32%	+3.2%
FDX	Buy	FEDEX CORP	$3,535,000	+11.3%	21,871	+4.3%	0.31%	+15.6%
INTU	Buy	INTUIT	$3,503,000	+13.6%	39,967	+4.4%	0.31%	+18.0%
TROW	Buy	PRICE T ROWE GROUP INC	$3,389,000	+7.2%	43,221	+15.4%	0.30%	+11.2%
BEN	Buy	FRANKLIN RES INC	$3,381,000	+14.1%	61,771	+20.7%	0.30%	+18.3%
CVX	Sell	CHEVRON CORP NEW	$3,291,000	-21.1%	27,587	-13.7%	0.29%	-18.4%
MMM	Sell	3M CO	$3,285,000	-5.0%	23,187	-3.9%	0.29%	-1.4%
CL	Buy	COLGATE PALMOLIVE CO	$3,290,000	-0.2%	50,438	+4.3%	0.29%	+3.2%
IJR	Buy	ISHARES TRcore s&p scp etf	$3,229,000	-2.5%	30,960	+4.8%	0.28%	+1.1%
ADBE	Buy	ADOBE SYS INC	$3,197,000	-0.2%	46,200	+4.3%	0.28%	+3.3%
SYK	Buy	STRYKER CORP	$3,167,000	-0.1%	39,089	+4.4%	0.28%	+3.7%
AUY	Buy	YAMANA GOLD INC	$3,013,000	+832.8%	497,730	+1176.2%	0.26%	+881.5%
XOM	Buy	EXXON MOBIL CORP	$2,991,000	-2.5%	31,805	+4.4%	0.26%	+1.2%
AFL	Buy	AFLAC INC	$2,966,000	-2.9%	51,146	+3.9%	0.26%	+0.8%
GS	Buy	GOLDMAN SACHS GROUP INC	$2,855,000	+14.5%	15,555	+4.4%	0.25%	+19.0%
APA	Buy	APACHE CORP	$2,806,000	+26.1%	29,892	+35.2%	0.25%	+30.7%
AKAM	Buy	AKAMAI TECHNOLOGIES INC	$2,483,000	+2.1%	41,543	+4.3%	0.22%	+5.8%
NLSN	Buy	NIELSEN N V	$2,303,000	+189.3%	52,344	+214.6%	0.20%	+203.0%
PX	Buy	PRAXAIR INC	$2,149,000	+0.1%	16,797	+3.5%	0.19%	+3.8%
WDR	Buy	WADDELL & REED FINL INCcl a	$2,140,000	+10.9%	41,404	+34.2%	0.19%	+14.6%
VSS	Buy	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$1,920,000	-3.7%	18,800	+4.9%	0.17%	0.0%
EFA	Buy	ISHARES TRmsci eafe etf	$1,902,000	+2.2%	29,670	+11.2%	0.17%	+5.7%
MDLZ	Buy	MONDELEZ INTL INCcl a	$1,874,000	+37.8%	54,530	+51.5%	0.16%	+43.5%
AGN	Sell	ALLERGAN INC	$1,834,000	-45.9%	10,288	-48.7%	0.16%	-44.1%
HRL	Buy	HORMEL FOODS CORP	$1,752,000	+8.7%	34,074	+4.4%	0.15%	+12.4%
DD	Buy	DU PONT E I DE NEMOURS & CO	$1,685,000	+14.2%	23,513	+4.4%	0.15%	+18.4%
TYC	Buy	TYCO INTERNATIONAL LTD	$1,590,000	+2.1%	35,649	+4.4%	0.14%	+6.1%
BBBY	Sell	BED BATH & BEYOND INC	$1,546,000	-21.2%	23,493	-31.3%	0.14%	-18.1%
CSX	Buy	CSX CORP	$1,534,000	+8.5%	47,856	+4.3%	0.14%	+12.5%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$1,527,000	+9.4%	18,300	+4.5%	0.13%	+13.6%
NOV	Buy	NATIONAL OILWELL VARCO INC	$1,445,000	-3.5%	18,988	+4.4%	0.13%	0.0%
UNH	Buy	UNITEDHEALTH GROUP INC	$1,359,000	+6.8%	16,120	+2.1%	0.12%	+11.1%
TUP	Buy	TUPPERWARE BRANDS CORP	$1,204,000	-13.9%	17,293	+4.3%	0.11%	-10.2%
DISCA	Buy	DISCOVERY COMMUNICATNS NEW	$1,208,000	-40.2%	32,118	+17.8%	0.11%	-38.0%
ENB	Buy	ENBRIDGE INC	$1,168,000	+481.1%	24,350	+477.0%	0.10%	+505.9%
BAX	Buy	BAXTER INTL INC	$1,125,000	+0.7%	15,866	+2.2%	0.10%	+4.2%
FISV	Buy	FISERV INC	$1,131,000	+8.4%	17,880	+2.1%	0.10%	+12.5%
TU	Sell	TELUS CORP	$1,118,000	-93.8%	32,350	-93.3%	0.10%	-93.6%
DISCK	New	DISCOVERY COMMUNICATNS NEW	$1,041,000	–	28,080	–	0.09%	–
PM	Buy	PHILIP MORRIS INTL INC	$1,024,000	+0.2%	12,440	+2.1%	0.09%	+3.4%
OMC	Buy	OMNICOM GROUP INC	$1,006,000	-2.0%	14,841	+2.1%	0.09%	+1.1%
SDS	New	PROSHARES TR	$987,000	–	40,000	–	0.09%	–
MET	Buy	METLIFE INC	$977,000	-2.0%	18,578	+2.1%	0.09%	+1.2%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$939,000	-3.1%	9,767	+2.1%	0.08%	+1.2%
MHFI	Sell	MCGRAW HILL FINL INC	$882,000	-14.9%	10,801	-14.9%	0.08%	-11.4%
JWA	Buy	WILEY JOHN & SONS INCcl a	$856,000	-6.1%	15,514	+2.2%	0.08%	-2.6%
VAR	Buy	VARIAN MED SYS INC	$797,000	-2.4%	10,165	+2.1%	0.07%	+1.4%
BLL	Buy	BALL CORP	$778,000	+3.6%	12,301	+2.7%	0.07%	+6.2%
FLS	Buy	FLOWSERVE CORP	$742,000	-4.0%	10,734	+2.1%	0.06%	-1.5%
BDX	Buy	BECTON DICKINSON & CO	$636,000	-2.6%	5,725	+2.1%	0.06%	+1.8%
CVE	Buy	CENOVUS ENERGY INC	$543,000	+17.3%	20,130	+41.2%	0.05%	+23.1%
AEM	New	AGNICO EAGLE MINES LTD	$342,000	–	11,810	–	0.03%	–
VRX	Sell	VALEANT PHARMACEUTICALS INTL	$272,000	-99.0%	2,070	-99.0%	0.02%	-99.0%
POT	New	POTASH CORP SASK INC	$276,000	–	7,960	–	0.02%	–
FNV	New	FRANCO NEVADA CORP	$265,000	–	5,380	–	0.02%	–
TBT	New	PROSHARES TR	$86,000	–	1,525	–	0.01%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-1,689	–	-0.02%	–
TTE	Exit	TOTAL S Asponsored adr	$0	–	-3,119	–	-0.02%	–
GRFS	Exit	GRIFOLS S Asp adr rep b nvt	$0	–	-5,079	–	-0.02%	–
TGT	Exit	TARGET CORP	$0	–	-8,130	–	-0.04%	–
HSY	Exit	HERSHEY CO	$0	–	-6,417	–	-0.05%	–
CCJ	Exit	CAMECO CORP	$0	–	-282,210	–	-0.47%	–
AGU	Exit	AGRIUM INC	$0	–	-109,760	–	-0.86%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-583,200	–	-1.38%	–

Q2 2014

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$102,448,000	–	1,986,600	–	8.68%	–
BNS	New	BANK N S HALIFAX	$70,629,000	–	1,048,110	–	5.99%	–
SU	New	SUNCOR ENERGY INC NEW	$68,043,000	–	1,592,900	–	5.77%	–
CNQ	New	CANADIAN NAT RES LTD	$50,917,000	–	1,101,110	–	4.32%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$49,910,000	–	696,970	–	4.23%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$41,697,000	–	944,750	–	3.53%	–
CNI	New	CANADIAN NATL RY CO	$39,609,000	–	607,920	–	3.36%	–
MFC	New	MANULIFE FINL CORP	$39,457,000	–	1,981,500	–	3.34%	–
TRP	New	TRANSCANADA CORP	$33,047,000	–	684,660	–	2.80%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$32,976,000	–	358,050	–	2.80%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$27,132,000	–	214,190	–	2.30%	–
CPG	New	CRESCENT PT ENERGY CORP	$24,038,000	–	538,811	–	2.04%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$23,885,000	–	121,470	–	2.02%	–
PBA	New	PEMBINA PIPELINE CORP	$22,597,000	–	522,660	–	1.92%	–
TU	New	TELUS CORP	$18,174,000	–	481,320	–	1.54%	–
SLW	New	SILVER WHEATON CORP	$17,683,000	–	670,750	–	1.50%	–
GIL	New	GILDAN ACTIVEWEAR INC	$17,324,000	–	293,460	–	1.47%	–
GG	New	GOLDCORP INC NEW	$16,307,000	–	583,200	–	1.38%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$15,760,000	–	386,830	–	1.34%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$15,058,000	–	424,070	–	1.28%	–
DSGX	New	DESCARTES SYS GROUP INC	$14,463,000	–	1,007,530	–	1.23%	–
CP	New	CANADIAN PAC RY LTD	$13,905,000	–	76,510	–	1.18%	–
PPPMF	New	PRIMERO MNG CORP	$13,794,000	–	1,718,380	–	1.17%	–
AAPL	New	APPLE INC	$12,856,000	–	138,350	–	1.09%	–
GILD	New	GILEAD SCIENCES INC	$12,791,000	–	154,251	–	1.08%	–
TRI	New	THOMSON REUTERS CORP	$11,434,000	–	313,480	–	0.97%	–
ECA	New	ENCANA CORP	$11,350,000	–	478,248	–	0.96%	–
SLF	New	SUN LIFE FINL INC	$10,863,000	–	295,000	–	0.92%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$10,776,000	–	91,419	–	0.91%	–
BXE	New	BELLATRIX EXPLORATION LTD	$10,212,000	–	1,174,670	–	0.87%	–
AGU	New	AGRIUM INC	$10,156,000	–	109,760	–	0.86%	–
VNQ	New	VANGUARD INDEX FDSreit etf	$8,541,000	–	114,130	–	0.72%	–
WFC	New	WELLS FARGO & CO NEW	$7,907,000	–	150,676	–	0.67%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$7,851,000	–	182,040	–	0.66%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$7,626,000	–	109,993	–	0.65%	–
CBS	New	CBS CORP NEWcl b	$7,134,000	–	114,641	–	0.60%	–
DIS	New	DISNEY WALT CO	$6,980,000	–	81,407	–	0.59%	–
MSFT	New	MICROSOFT CORP	$6,928,000	–	166,405	–	0.59%	–
QCOM	New	QUALCOMM INC	$6,902,000	–	87,284	–	0.58%	–
NKE	New	NIKE INCcl b	$6,872,000	–	88,390	–	0.58%	–
TJX	New	TJX COS INC NEW	$6,689,000	–	125,880	–	0.57%	–
SLB	New	SCHLUMBERGER LTD	$6,442,000	–	54,422	–	0.55%	–
PCLN	New	PRICELINE GRP INC	$6,252,000	–	5,199	–	0.53%	–
UTX	New	UNITED TECHNOLOGIES CORP	$6,007,000	–	52,186	–	0.51%	–
ORCL	New	ORACLE CORP	$5,897,000	–	145,748	–	0.50%	–
V	New	VISA INC	$5,889,000	–	27,974	–	0.50%	–
JNJ	New	JOHNSON & JOHNSON	$5,812,000	–	55,564	–	0.49%	–
AXP	New	AMERICAN EXPRESS CO	$5,741,000	–	60,531	–	0.49%	–
PNC	New	PNC FINL SVCS GROUP INC	$5,701,000	–	64,025	–	0.48%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$5,684,000	–	20,248	–	0.48%	–
CCJ	New	CAMECO CORP	$5,572,000	–	282,210	–	0.47%	–
STT	New	STATE STR CORP	$5,529,000	–	82,011	–	0.47%	–
OTEX	New	OPEN TEXT CORP	$5,459,000	–	113,570	–	0.46%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$5,405,000	–	42,709	–	0.46%	–
HON	New	HONEYWELL INTL INC	$5,206,000	–	55,991	–	0.44%	–
MON	New	MONSANTO CO NEW	$5,067,000	–	40,723	–	0.43%	–
ABC	New	AMERISOURCEBERGEN CORP	$4,832,000	–	66,509	–	0.41%	–
DHR	New	DANAHER CORP DEL	$4,792,000	–	60,809	–	0.41%	–
COST	New	COSTCO WHSL CORP NEW	$4,679,000	–	40,633	–	0.40%	–
UNP	New	UNION PAC CORP	$4,579,000	–	45,727	–	0.39%	–
VNQI	New	VANGUARD INTL EQUITY INDEX Fglb ex us etf	$4,497,000	–	77,460	–	0.38%	–
CHD	New	CHURCH & DWIGHT INC	$4,205,000	–	60,125	–	0.36%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$4,197,000	–	85,832	–	0.36%	–
CVX	New	CHEVRON CORP NEW	$4,171,000	–	31,949	–	0.35%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$3,992,000	–	55,386	–	0.34%	–
PEP	New	PEPSICO INC	$3,905,000	–	43,838	–	0.33%	–
KO	New	COCA COLA CO	$3,792,000	–	88,979	–	0.32%	–
APH	New	AMPHENOL CORP NEWcl a	$3,677,000	–	38,175	–	0.31%	–
ST	New	SENSATA TECHNOLOGIES HLDG NV	$3,686,000	–	78,820	–	0.31%	–
JPM	New	JPMORGAN CHASE & CO	$3,630,000	–	63,014	–	0.31%	–
MMM	New	3M CO	$3,459,000	–	24,136	–	0.29%	–
AGN	New	ALLERGAN INC	$3,392,000	–	20,055	–	0.29%	–
IJR	New	ISHAREScore s&p scp etf	$3,311,000	–	29,540	–	0.28%	–
CL	New	COLGATE PALMOLIVE CO	$3,298,000	–	48,348	–	0.28%	–
ADBE	New	ADOBE SYS INC	$3,204,000	–	44,280	–	0.27%	–
EMC	New	E M C CORP MASS	$3,209,000	–	121,338	–	0.27%	–
SYK	New	STRYKER CORP	$3,169,000	–	37,449	–	0.27%	–
FDX	New	FEDEX CORP	$3,177,000	–	20,961	–	0.27%	–
TROW	New	PRICE T ROWE GROUP INC	$3,162,000	–	37,461	–	0.27%	–
CVS	New	CVS CAREMARK CORPORATION	$3,077,000	–	40,829	–	0.26%	–
INTU	New	INTUIT	$3,083,000	–	38,297	–	0.26%	–
XOM	New	EXXON MOBIL CORP	$3,068,000	–	30,475	–	0.26%	–
AFL	New	AFLAC INC	$3,055,000	–	49,226	–	0.26%	–
BEN	New	FRANKLIN RES INC	$2,964,000	–	51,159	–	0.25%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,493,000	–	14,895	–	0.21%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$2,431,000	–	39,833	–	0.21%	–
EEM	New	ISHARESmsci emg mkt etf	$2,328,000	–	53,500	–	0.20%	–
APA	New	APACHE CORP	$2,226,000	–	22,112	–	0.19%	–
PX	New	PRAXAIR INC	$2,146,000	–	16,227	–	0.18%	–
DISCA	New	DISCOVERY COMMUNICATNS NEW	$2,019,000	–	27,260	–	0.17%	–
VSS	New	VANGUARD INTL EQUITY INDEX Fftse smcap etf	$1,993,000	–	17,925	–	0.17%	–
BMO	New	BANK MONTREAL QUE	$1,988,000	–	26,950	–	0.17%	–
BBBY	New	BED BATH & BEYOND INC	$1,962,000	–	34,198	–	0.17%	–
WDR	New	WADDELL & REED FINL INCcl a	$1,930,000	–	30,842	–	0.16%	–
EFA	New	ISHARESmsci eafe etf	$1,861,000	–	26,670	–	0.16%	–
BCE	New	BCE INC	$1,631,000	–	35,430	–	0.14%	–
HRL	New	HORMEL FOODS CORP	$1,612,000	–	32,644	–	0.14%	–
TYC	New	TYCO INTERNATIONAL LTD	$1,558,000	–	34,159	–	0.13%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,498,000	–	18,188	–	0.13%	–
DD	New	DU PONT E I DE NEMOURS & CO	$1,475,000	–	22,523	–	0.12%	–
CSX	New	CSX CORP	$1,414,000	–	45,866	–	0.12%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$1,396,000	–	17,520	–	0.12%	–
TUP	New	TUPPERWARE BRANDS CORP	$1,398,000	–	16,583	–	0.12%	–
MDLZ	New	MONDELEZ INTL INCcl a	$1,360,000	–	36,002	–	0.12%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$1,360,000	–	52,950	–	0.12%	–
UNH	New	UNITEDHEALTH GROUP INC	$1,273,000	–	15,790	–	0.11%	–
BAX	New	BAXTER INTL INC	$1,117,000	–	15,526	–	0.10%	–
MHFI	New	MCGRAW HILL FINL INC	$1,037,000	–	12,695	–	0.09%	–
FISV	New	FISERV INC	$1,043,000	–	17,510	–	0.09%	–
PM	New	PHILIP MORRIS INTL INC	$1,022,000	–	12,180	–	0.09%	–
OMC	New	OMNICOM GROUP INC	$1,027,000	–	14,531	–	0.09%	–
TAC	New	TRANSALTA CORP	$998,000	–	80,170	–	0.08%	–
MET	New	METLIFE INC	$997,000	–	18,188	–	0.08%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$969,000	–	9,567	–	0.08%	–
JWA	New	WILEY JOHN & SONS INCcl a	$912,000	–	15,184	–	0.08%	–
VET	New	VERMILION ENERGY INC	$874,000	–	12,500	–	0.07%	–
VAR	New	VARIAN MED SYS INC	$817,000	–	9,955	–	0.07%	–
NLSN	New	NIELSEN N V	$796,000	–	16,638	–	0.07%	–
FLS	New	FLOWSERVE CORP	$773,000	–	10,514	–	0.07%	–
BLL	New	BALL CORP	$751,000	–	11,981	–	0.06%	–
GOLD	New	BARRICK GOLD CORP	$733,000	–	40,000	–	0.06%	–
BDX	New	BECTON DICKINSON & CO	$653,000	–	5,605	–	0.06%	–
HSY	New	HERSHEY CO	$625,000	–	6,417	–	0.05%	–
EWJ	New	ISHARESmsci japan etf	$547,000	–	48,136	–	0.05%	–
TGT	New	TARGET CORP	$472,000	–	8,130	–	0.04%	–
CVE	New	CENOVUS ENERGY INC	$463,000	–	14,260	–	0.04%	–
BPY	New	BROOKFIELD PPTY PARTNERS L Punit ltd partn	$325,000	–	15,511	–	0.03%	–
AUY	New	YAMANA GOLD INC	$323,000	–	39,000	–	0.03%	–
PUK	New	PRUDENTIAL PLCadr	$223,000	–	5,174	–	0.02%	–
NJDCY	New	NIDEC CORPsponsored adr	$230,000	–	15,916	–	0.02%	–
AAVVF	New	ADVANTAGE OIL & GAS LTD	$211,000	–	31,330	–	0.02%	–
TTE	New	TOTAL S Asponsored adr	$211,000	–	3,119	–	0.02%	–
GRFS	New	GRIFOLS S Asp adr rep b nvt	$210,000	–	5,079	–	0.02%	–
ENB	New	ENBRIDGE INC	$201,000	–	4,220	–	0.02%	–
DEO	New	DIAGEO P L Cspon adr new	$202,000	–	1,689	–	0.02%	–
AT	New	ATLANTIC PWR CORP	$63,000	–	15,210	–	0.01%	–

Q4 2013

			Value		Shares		↓ Weighting
IWF	Exit	ISHARESrus 1000 grw etf	$0	–	-890	–	-0.01%	–
AT	Exit	ATLANTIC PWR CORP	$0	–	-15,210	–	-0.01%	–
NOK	Exit	NOKIA CORPsponsored adr	$0	–	-25,000	–	-0.02%	–
BTEGF	Exit	BAYTEX ENERGY CORP	$0	–	-5,000	–	-0.02%	–
NLSN	Exit	NIELSEN HOLDINGS N V	$0	–	-5,792	–	-0.02%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-2,185	–	-0.02%	–
FLS	Exit	FLOWSERVE CORP	$0	–	-3,632	–	-0.02%	–
COH	Exit	COACH INC	$0	–	-4,298	–	-0.02%	–
PX	Exit	PRAXAIR INC	$0	–	-2,117	–	-0.02%	–
JWA	Exit	WILEY JOHN & SONS INCcl a	$0	–	-5,285	–	-0.02%	–
BK	Exit	BANK NEW YORK MELLON CORP	$0	–	-8,393	–	-0.02%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,939	–	-0.02%	–
VAR	Exit	VARIAN MED SYS INC	$0	–	-3,466	–	-0.02%	–
BAC	Exit	BANK OF AMERICA CORPORATION	$0	–	-20,000	–	-0.02%	–
MET	Exit	METLIFE INC	$0	–	-6,339	–	-0.03%	–
FISV	Exit	FISERV INC	$0	–	-3,046	–	-0.03%	–
UPS	Exit	UNITED PARCEL SERVICE INCcl b	$0	–	-3,332	–	-0.03%	–
OMC	Exit	OMNICOM GROUP INC	$0	–	-5,053	–	-0.03%	–
BAX	Exit	BAXTER INTL INC	$0	–	-5,581	–	-0.03%	–
MHFI	Exit	MCGRAW HILL FINL INC	$0	–	-5,795	–	-0.04%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-5,435	–	-0.04%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-12,900	–	-0.05%	–
PNR	Exit	PENTAIR LTD	$0	–	-9,113	–	-0.05%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-12,500	–	-0.06%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-40,000	–	-0.07%	–
DDC	Exit	DOMINION DIAMOND CORP	$0	–	-65,600	–	-0.07%	–
TAC	Exit	TRANSALTA CORP	$0	–	-69,670	–	-0.08%	–
ST	Exit	SENSATA TECHNOLOGIES HLDG BV	$0	–	-28,490	–	-0.10%	–
TYC	Exit	TYCO INTERNATIONAL LTD	$0	–	-37,895	–	-0.12%	–
AVGO	Exit	AVAGO TECHNOLOGIES LTD	$0	–	-32,095	–	-0.13%	–
ADP	Exit	AUTOMATIC DATA PROCESSING IN	$0	–	-19,449	–	-0.13%	–
BCE	Exit	BCE INC	$0	–	-33,700	–	-0.13%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-13,707	–	-0.14%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-25,046	–	-0.14%	–
WDR	Exit	WADDELL & REED FINL INCcl a	$0	–	-28,690	–	-0.14%	–
HRL	Exit	HORMEL FOODS CORP	$0	–	-36,260	–	-0.14%	–
NOV	Exit	NATIONAL OILWELL VARCO INC	$0	–	-21,150	–	-0.15%	–
EFA	Exit	ISHARESmsci eafe etf	$0	–	-26,670	–	-0.16%	–
TUP	Exit	TUPPERWARE BRANDS CORP	$0	–	-20,702	–	-0.16%	–
TROW	Exit	PRICE T ROWE GROUP INC	$0	–	-26,715	–	-0.18%	–
EEM	Exit	ISHARESmsci emg mkt etf	$0	–	-48,000	–	-0.18%	–
APA	Exit	APACHE CORP	$0	–	-24,505	–	-0.19%	–
CSCO	Exit	CISCO SYS INC	$0	–	-95,874	–	-0.21%	–
AKAM	Exit	AKAMAI TECHNOLOGIES INC	$0	–	-44,170	–	-0.21%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-34,170	–	-0.21%	–
ADS	Exit	ALLIANCE DATA SYSTEMS CORP	$0	–	-11,466	–	-0.22%	–
USB	Exit	US BANCORP DEL	$0	–	-67,257	–	-0.23%	–
DE	Exit	DEERE & CO	$0	–	-30,428	–	-0.23%	–
CSX	Exit	CSX CORP	$0	–	-96,817	–	-0.23%	–
ADBE	Exit	ADOBE SYS INC	$0	–	-49,211	–	-0.24%	–
CVS	Exit	CVS CAREMARK CORPORATION	$0	–	-45,333	–	-0.24%	–
GS	Exit	GOLDMAN SACHS GROUP INC	$0	–	-16,549	–	-0.24%	–
FDX	Exit	FEDEX CORP	$0	–	-23,275	–	-0.24%	–
MMM	Exit	3M CO	$0	–	-22,560	–	-0.25%	–
PNC	Exit	PNC FINL SVCS GROUP INC	$0	–	-37,840	–	-0.25%	–
TGT	Exit	TARGET CORP	$0	–	-43,725	–	-0.26%	–
SYK	Exit	STRYKER CORP	$0	–	-41,596	–	-0.26%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-117,100	–	-0.26%	–
BEN	Exit	FRANKLIN RES INC	$0	–	-56,749	–	-0.26%	–
AFL	Exit	AFLAC INC	$0	–	-47,002	–	-0.27%	–
AGN	Exit	ALLERGAN INC	$0	–	-32,404	–	-0.27%	–
BBBY	Exit	BED BATH & BEYOND INC	$0	–	-39,402	–	-0.28%	–
INTU	Exit	INTUIT	$0	–	-46,803	–	-0.28%	–
CL	Exit	COLGATE PALMOLIVE CO	$0	–	-53,654	–	-0.29%	–
MCD	Exit	MCDONALDS CORP	$0	–	-34,369	–	-0.30%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-43,030	–	-0.31%	–
PEP	Exit	PEPSICO INC	$0	–	-42,272	–	-0.31%	–
UNP	Exit	UNION PAC CORP	$0	–	-21,634	–	-0.31%	–
SLB	Exit	SCHLUMBERGER LTD	$0	–	-38,355	–	-0.31%	–
CTSH	Exit	COGNIZANT TECHNOLOGY SOLUTIOcl a	$0	–	-41,960	–	-0.32%	–
EMC	Exit	E M C CORP MASS	$0	–	-134,970	–	-0.32%	–
UTX	Exit	UNITED TECHNOLOGIES CORP	$0	–	-32,128	–	-0.32%	–
INTC	Exit	INTEL CORP	$0	–	-155,605	–	-0.33%	–
DHR	Exit	DANAHER CORP DEL	$0	–	-52,645	–	-0.34%	–
CHD	Exit	CHURCH & DWIGHT INC	$0	–	-65,425	–	-0.36%	–
MON	Exit	MONSANTO CO NEW	$0	–	-39,272	–	-0.38%	–
DIS	Exit	DISNEY WALT CO	$0	–	-65,003	–	-0.38%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-73,878	–	-0.42%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-38,746	–	-0.43%	–
V	Exit	VISA INC	$0	–	-24,903	–	-0.44%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-42,365	–	-0.44%	–
ORCL	Exit	ORACLE CORP	$0	–	-147,150	–	-0.45%	–
PCLN	Exit	PRICELINE COM INC	$0	–	-4,840	–	-0.45%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-67,161	–	-0.47%	–
QCOM	Exit	QUALCOMM INC	$0	–	-75,887	–	-0.47%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-61,910	–	-0.47%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-44,873	–	-0.48%	–
STT	Exit	STATE STR CORP	$0	–	-80,210	–	-0.49%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-62,234	–	-0.50%	–
WFC	Exit	WELLS FARGO & CO NEW	$0	–	-134,723	–	-0.51%	–
KO	Exit	COCA COLA CO	$0	–	-147,405	–	-0.52%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-171,706	–	-0.52%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-114,725	–	-0.54%	–
CBS	Exit	CBS CORP NEWcl b	$0	–	-113,645	–	-0.58%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-75,815	–	-0.60%	–
NKE	Exit	NIKE INCcl b	$0	–	-97,696	–	-0.65%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-119,836	–	-0.68%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-63,270	–	-0.72%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-87,822	–	-0.74%	–
TJX	Exit	TJX COS INC NEW	$0	–	-144,224	–	-0.75%	–
TLM	Exit	TALISMAN ENERGY INC	$0	–	-726,680	–	-0.77%	–
ECA	Exit	ENCANA CORP	$0	–	-502,677	–	-0.80%	–
BPO	Exit	BROOKFIELD OFFICE PPTYS INC	$0	–	-456,760	–	-0.81%	–
MEOH	Exit	METHANEX CORP	$0	–	-177,750	–	-0.84%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-173,216	–	-1.00%	–
AAPL	Exit	APPLE INC	$0	–	-24,408	–	-1.07%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-506,180	–	-1.08%	–
CCJ	Exit	CAMECO CORP	$0	–	-656,380	–	-1.10%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-261,440	–	-1.12%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-1,063,790	–	-1.12%	–
NGD	Exit	NEW GOLD INC CDA	$0	–	-2,075,870	–	-1.14%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-395,280	–	-1.16%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-410,530	–	-1.26%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-397,060	–	-1.59%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-525,210	–	-1.69%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-597,910	–	-1.93%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-204,090	–	-1.96%	–
SPY	Exit	SPDR S&P 500 ETF TRtr unit	$0	–	-128,098	–	-1.99%	–
TU	Exit	TELUS CORP	$0	–	-655,770	–	-2.02%	–
ENB	Exit	ENBRIDGE INC	$0	–	-561,460	–	-2.16%	–
AGU	Exit	AGRIUM INC	$0	–	-284,520	–	-2.22%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-274,550	–	-2.56%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-673,110	–	-2.75%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,832,200	–	-2.79%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-1,018,137	–	-2.80%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,154,350	–	-3.35%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-998,940	–	-3.44%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-779,020	–	-4.15%	–
CM	Exit	CDN IMPERIAL BK OF COMMERCE	$0	–	-562,840	–	-4.18%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-893,960	–	-5.28%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,696,460	–	-5.59%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,108,720	–	-9.19%	–

Q3 2013

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$100,030,000	+5.4%	1,108,720	-6.5%	9.19%	-0.9%
SU	Sell	SUNCOR ENERGY INC NEW	$60,785,000	+18.4%	1,696,460	-2.9%	5.59%	+11.4%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$57,399,000	-4.9%	893,960	-14.0%	5.28%	-10.5%
CM	Sell	CDN IMPERIAL BK OF COMMERCE	$45,460,000	+10.9%	562,840	-1.6%	4.18%	+4.3%
BNS	Buy	BANK N S HALIFAX	$45,184,000	+7.9%	779,020	+0.2%	4.15%	+1.5%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$37,452,000	+6.4%	998,940	+1.6%	3.44%	+0.1%
CNQ	Buy	CANADIAN NAT RES LTD	$36,493,000	+23.8%	1,154,350	+10.5%	3.35%	+16.4%
CVE	Sell	CENOVUS ENERGY INC	$30,449,000	+2.8%	1,018,137	-2.2%	2.80%	-3.3%
MFC	Buy	MANULIFE FINL CORP	$30,374,000	+6.0%	1,832,200	+2.0%	2.79%	-0.3%
TRP	Sell	TRANSCANADA CORP	$29,930,000	+1.5%	673,110	-1.1%	2.75%	-4.5%
CNI	Sell	CANADIAN NATL RY CO	$27,876,000	+2.2%	274,550	-2.3%	2.56%	-3.9%
AGU	Buy	AGRIUM INC	$24,154,000	+100.4%	284,520	+105.2%	2.22%	+88.5%
ENB	Sell	ENBRIDGE INC	$23,499,000	-3.6%	561,460	-3.5%	2.16%	-9.3%
TU	Sell	TELUS CORP	$21,999,000	-2.0%	655,770	-14.0%	2.02%	-7.8%
SPY	Sell	SPDR S&P 500 ETF TRtr unit	$21,614,000	-0.7%	128,098	-5.3%	1.99%	-6.6%
VRX	Buy	VALEANT PHARMACEUTICALS INTL	$21,324,000	+28.6%	204,090	+5.8%	1.96%	+20.9%
GIB	Buy	GROUPE CGI INCcl a sub vtg	$21,030,000	+28.0%	597,910	+6.3%	1.93%	+20.4%
TRI	Sell	THOMSON REUTERS CORP	$18,405,000	+5.3%	525,210	-2.3%	1.69%	-0.9%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$17,275,000	-21.0%	397,060	-28.3%	1.59%	-25.7%
PBA	Sell	PEMBINA PIPELINE CORP	$13,691,000	+6.9%	410,530	-1.8%	1.26%	+0.6%
SLF	Sell	SUN LIFE FINL INC	$12,650,000	+6.0%	395,280	-2.2%	1.16%	-0.3%
NGD	New	NEW GOLD INC CDA	$12,400,000	–	2,075,870	–	1.14%	–
DSGX	Buy	DESCARTES SYS GROUP INC	$12,230,000	+4.8%	1,063,790	+4.7%	1.12%	-1.4%
GIL	Buy	GILDAN ACTIVEWEAR INC	$12,156,000	+37.9%	261,440	+19.9%	1.12%	+29.7%
CCJ	Buy	CAMECO CORP	$11,927,000	+95.9%	656,380	+122.9%	1.10%	+84.2%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$11,779,000	-3.9%	506,180	-1.1%	1.08%	-9.5%
AAPL	Buy	APPLE INC	$11,637,000	+28.3%	24,408	+5.5%	1.07%	+20.8%
GILD	Buy	GILEAD SCIENCES INC	$10,891,000	+29.7%	173,216	+4.7%	1.00%	+21.9%
MEOH	Sell	METHANEX CORP	$9,144,000	+17.7%	177,750	-2.3%	0.84%	+10.7%
BPO	Buy	BROOKFIELD OFFICE PPTYS INC	$8,772,000	+49.1%	456,760	+28.8%	0.81%	+40.2%
ECA	Sell	ENCANA CORP	$8,703,000	+0.3%	502,677	-2.3%	0.80%	-5.7%
TLM	Sell	TALISMAN ENERGY INC	$8,358,000	-1.3%	726,680	-2.4%	0.77%	-7.1%
TJX	Buy	TJX COS INC NEW	$8,132,000	+20.6%	144,224	+6.0%	0.75%	+13.4%
TMO	Buy	THERMO FISHER SCIENTIFIC INC	$8,105,000	+16.3%	87,822	+5.8%	0.74%	+9.4%
CP	Sell	CANADIAN PAC RY LTD	$7,845,000	+0.0%	63,270	-2.2%	0.72%	-5.9%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$7,406,000	+7.0%	119,836	+5.8%	0.68%	+0.7%
NKE	Buy	NIKE INCcl b	$7,113,000	+20.3%	97,696	+4.4%	0.65%	+13.1%
XOM	Buy	EXXON MOBIL CORP	$6,524,000	+1.3%	75,815	+5.3%	0.60%	-4.6%
CBS	Buy	CBS CORP NEWcl b	$6,281,000	+20.6%	113,645	+5.8%	0.58%	+13.4%
JPM	Buy	JPMORGAN CHASE & CO	$5,930,000	+4.8%	114,725	+5.9%	0.54%	-1.4%
MSFT	Buy	MICROSOFT CORP	$5,715,000	+2.8%	171,706	+5.7%	0.52%	-3.3%
KO	Buy	COCA COLA CO	$5,620,000	+0.7%	147,405	+5.6%	0.52%	-5.1%
WFC	Buy	WELLS FARGO & CO NEW	$5,566,000	+6.3%	134,723	+5.2%	0.51%	+0.2%
JNJ	Buy	JOHNSON & JOHNSON	$5,395,000	+8.0%	62,234	+5.9%	0.50%	+1.6%
STT	Buy	STATE STR CORP	$5,292,000	+7.6%	80,210	+5.7%	0.49%	+1.0%
COST	Buy	COSTCO WHSL CORP NEW	$5,169,000	+11.0%	44,873	+5.5%	0.48%	+4.4%
HON	Buy	HONEYWELL INTL INC	$5,140,000	+11.7%	61,910	+5.7%	0.47%	+4.9%
QCOM	Buy	QUALCOMM INC	$5,110,000	+18.8%	75,887	+6.8%	0.47%	+11.9%
AXP	Buy	AMERICAN EXPRESS CO	$5,072,000	+7.9%	67,161	+5.8%	0.47%	+1.5%
PCLN	Buy	PRICELINE COM INC	$4,893,000	+31.1%	4,840	+6.1%	0.45%	+23.3%
ORCL	Buy	ORACLE CORP	$4,881,000	+15.0%	147,150	+5.4%	0.45%	+8.2%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$4,809,000	+8.7%	42,365	+6.1%	0.44%	+2.3%
V	Buy	VISA INC	$4,759,000	+10.6%	24,903	+4.8%	0.44%	+4.0%
CVX	Buy	CHEVRON CORP NEW	$4,709,000	+10.0%	38,746	+6.0%	0.43%	+3.6%
ABC	Buy	AMERISOURCEBERGEN CORP	$4,513,000	+16.9%	73,878	+5.8%	0.42%	+10.1%
DIS	Buy	DISNEY WALT CO	$4,192,000	+9.2%	65,003	+5.8%	0.38%	+2.7%
MON	Buy	MONSANTO CO NEW	$4,099,000	+13.7%	39,272	+6.6%	0.38%	+7.1%
CHD	Buy	CHURCH & DWIGHT INC	$3,931,000	+3.7%	65,425	+5.5%	0.36%	-2.4%
DHR	Buy	DANAHER CORP DEL	$3,651,000	+16.9%	52,645	+5.6%	0.34%	+10.2%
INTC	Buy	INTEL CORP	$3,567,000	+0.8%	155,605	+5.5%	0.33%	-5.2%
UTX	Buy	UNITED TECHNOLOGIES CORP	$3,466,000	+23.6%	32,128	+5.5%	0.32%	+16.4%
EMC	Buy	E M C CORP MASS	$3,461,000	+15.6%	134,970	+5.8%	0.32%	+8.5%
CTSH	Buy	COGNIZANT TECHNOLOGY SOLUTIOcl a	$3,445,000	+40.6%	41,960	+6.2%	0.32%	+32.6%
SLB	Buy	SCHLUMBERGER LTD	$3,400,000	+31.4%	38,355	+5.6%	0.31%	+23.3%
UNP	Buy	UNION PAC CORP	$3,377,000	+7.5%	21,634	+5.6%	0.31%	+1.0%
PEP	Buy	PEPSICO INC	$3,360,000	+3.6%	42,272	+5.6%	0.31%	-2.5%
APH	Buy	AMPHENOL CORP NEWcl a	$3,338,000	+5.8%	43,030	+5.4%	0.31%	-0.3%
MCD	Buy	MCDONALDS CORP	$3,307,000	+3.9%	34,369	+5.8%	0.30%	-2.3%
CL	Buy	COLGATE PALMOLIVE CO	$3,184,000	+10.5%	53,654	+5.6%	0.29%	+3.9%
INTU	Buy	INTUIT	$3,102,000	+15.8%	46,803	+5.6%	0.28%	+8.8%
BBBY	Buy	BED BATH & BEYOND INC	$3,049,000	+16.6%	39,402	+5.8%	0.28%	+9.8%
AGN	Buy	ALLERGAN INC	$2,931,000	+42.8%	32,404	+31.6%	0.27%	+33.8%
AFL	Buy	AFLAC INC	$2,916,000	+1196.0%	47,002	+1113.9%	0.27%	+1118.2%
BEN	Buy	FRANKLIN RES INC	$2,873,000	+19.6%	56,749	+218.8%	0.26%	+12.3%
GE	Buy	GENERAL ELECTRIC CO	$2,818,000	+9.9%	117,100	+5.6%	0.26%	+3.2%
SYK	Buy	STRYKER CORP	$2,820,000	+11.5%	41,596	+5.7%	0.26%	+4.9%
TGT	Buy	TARGET CORP	$2,798,000	-1.0%	43,725	+5.5%	0.26%	-6.9%
PNC	Buy	PNC FINL SVCS GROUP INC	$2,741,000	+6.6%	37,840	+6.3%	0.25%	+0.4%
MMM	Buy	3M CO	$2,695,000	+16.2%	22,560	+5.3%	0.25%	+9.3%
FDX	Buy	FEDEX CORP	$2,660,000	+23.5%	23,275	+5.6%	0.24%	+16.2%
GS	Buy	GOLDMAN SACHS GROUP INC	$2,619,000	+12.5%	16,549	+6.5%	0.24%	+6.2%
CVS	Buy	CVS CAREMARK CORPORATION	$2,573,000	+5.9%	45,333	+5.7%	0.24%	-0.4%
ADBE	Buy	ADOBE SYS INC	$2,556,000	+21.6%	49,211	+5.6%	0.24%	+14.6%
CSX	Buy	CSX CORP	$2,493,000	+18.4%	96,817	+5.6%	0.23%	+11.2%
DE	Buy	DEERE & CO	$2,492,000	+7.1%	30,428	+5.8%	0.23%	+0.9%
USB	Buy	US BANCORP DEL	$2,474,000	+7.9%	67,257	+5.6%	0.23%	+1.3%
ADS	Buy	ALLIANCE DATA SYSTEMS CORP	$2,424,000	+24.7%	11,466	+5.7%	0.22%	+17.4%
AKAM	Buy	AKAMAI TECHNOLOGIES INC	$2,283,000	+29.6%	44,170	+5.6%	0.21%	+22.1%
CSCO	Buy	CISCO SYS INC	$2,245,000	+2.8%	95,874	+5.7%	0.21%	-3.3%
APA	Buy	APACHE CORP	$2,086,000	+8.3%	24,505	+5.6%	0.19%	+2.1%
TROW	Buy	PRICE T ROWE GROUP INC	$1,921,000	+4.2%	26,715	+5.1%	0.18%	-1.7%
TUP	Buy	TUPPERWARE BRANDS CORP	$1,798,000	+18.3%	20,702	+5.5%	0.16%	+10.7%
NOV	Buy	NATIONAL OILWELL VARCO INC	$1,651,000	+20.8%	21,150	+5.6%	0.15%	+13.4%
HRL	Buy	HORMEL FOODS CORP	$1,527,000	+16.6%	36,260	+5.7%	0.14%	+9.4%
WDR	Buy	WADDELL & REED FINL INCcl a	$1,476,000	+23.8%	28,690	+3.6%	0.14%	+17.2%
DD	Buy	DU PONT E I DE NEMOURS & CO	$1,465,000	+19.1%	25,046	+5.8%	0.14%	+12.5%
APD	Buy	AIR PRODS & CHEMS INC	$1,470,000	+24.4%	13,707	+5.9%	0.14%	+17.4%
ADP	Buy	AUTOMATIC DATA PROCESSING IN	$1,415,000	+12.3%	19,449	+5.8%	0.13%	+5.7%
AVGO	Buy	AVAGO TECHNOLOGIES LTD	$1,383,000	+23.3%	32,095	+5.8%	0.13%	+15.5%
TYC	Buy	TYCO INTERNATIONAL LTD	$1,325,000	+12.8%	37,895	+5.2%	0.12%	+6.1%
ST	Buy	SENSATA TECHNOLOGIES HLDG BV	$1,091,000	+16.3%	28,490	+4.9%	0.10%	+8.7%
DDC	Buy	DOMINION DIAMOND CORP	$803,000	+26.9%	65,600	+46.1%	0.07%	+19.4%
PNR	Buy	PENTAIR LTD	$591,000	+20.1%	9,113	+5.8%	0.05%	+12.5%
UNH	Buy	UNITEDHEALTH GROUP INC	$389,000	+12.1%	5,435	+2.5%	0.04%	+5.9%
MHFI	Buy	MCGRAW HILL FINL INC	$380,000	+26.7%	5,795	+2.5%	0.04%	+20.7%
BAX	Buy	BAXTER INTL INC	$368,000	+29.6%	5,581	+36.5%	0.03%	+21.4%
OMC	Buy	OMNICOM GROUP INC	$322,000	+3.2%	5,053	+2.4%	0.03%	0.0%
UPS	Buy	UNITED PARCEL SERVICE INCcl b	$304,000	+7.8%	3,332	+2.5%	0.03%	0.0%
FISV	Buy	FISERV INC	$308,000	+18.5%	3,046	+2.4%	0.03%	+12.0%
MET	Buy	METLIFE INC	$298,000	+5.3%	6,339	+2.4%	0.03%	-3.6%
BAC	Sell	BANK OF AMERICA CORPORATION	$276,000	-37.1%	20,000	-44.4%	0.02%	-41.9%
VAR	Buy	VARIAN MED SYS INC	$259,000	+13.6%	3,466	+2.4%	0.02%	+9.1%
PM	New	PHILIP MORRIS INTL INC	$257,000	–	2,939	–	0.02%	–
BK	Buy	BANK NEW YORK MELLON CORP	$253,000	+10.5%	8,393	+2.4%	0.02%	+4.5%
PX	Buy	PRAXAIR INC	$254,000	+6.7%	2,117	+2.4%	0.02%	0.0%
JWA	Buy	WILEY JOHN & SONS INCcl a	$253,000	+21.6%	5,285	+2.5%	0.02%	+15.0%
COH	Sell	COACH INC	$234,000	-84.8%	4,298	-84.1%	0.02%	-85.3%
FLS	New	FLOWSERVE CORP	$227,000	–	3,632	–	0.02%	–
BDX	Buy	BECTON DICKINSON & CO	$219,000	+3.8%	2,185	+2.3%	0.02%	-4.8%
NLSN	New	NIELSEN HOLDINGS N V	$211,000	–	5,792	–	0.02%	–
BTEGF	New	BAYTEX ENERGY CORP	$208,000	–	5,000	–	0.02%	–
IWF	New	ISHARESrus 1000 grw etf	$70,000	–	890	–	0.01%	–
TBT	Exit	PROSHARES TR	$0	–	-3,125	–	-0.02%	–
AUY	Exit	YAMANA GOLD INC	$0	–	-1,608,220	–	-1.51%	–
POT	Exit	POTASH CORP SASK INC	$0	–	-839,070	–	-3.12%	–

Q2 2013

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$94,923,000	–	1,185,500	–	9.27%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$60,351,000	–	1,038,950	–	5.90%	–
SU	New	SUNCOR ENERGY INC NEW	$51,346,000	–	1,747,340	–	5.02%	–
BNS	New	BANK N S HALIFAX	$41,867,000	–	777,330	–	4.09%	–
CM	New	CDN IMPERIAL BK OF COMMERCE	$41,005,000	–	572,200	–	4.01%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$35,212,000	–	982,730	–	3.44%	–
POT	New	POTASH CORP SASK INC	$31,910,000	–	839,070	–	3.12%	–
CVE	New	CENOVUS ENERGY INC	$29,612,000	–	1,041,297	–	2.89%	–
TRP	New	TRANSCANADA CORP	$29,502,000	–	680,440	–	2.88%	–
CNQ	New	CANADIAN NAT RES LTD	$29,488,000	–	1,044,760	–	2.88%	–
MFC	New	MANULIFE FINL CORP	$28,649,000	–	1,795,770	–	2.80%	–
CNI	New	CANADIAN NATL RY CO	$27,282,000	–	281,060	–	2.67%	–
ENB	New	ENBRIDGE INC	$24,383,000	–	581,840	–	2.38%	–
TU	New	TELUS CORP	$22,442,000	–	762,720	–	2.19%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$21,877,000	–	553,750	–	2.14%	–
SPY	New	SPDR S&P 500 ETF TRtr unit	$21,774,000	–	135,275	–	2.13%	–
TRI	New	THOMSON REUTERS CORP	$17,481,000	–	537,360	–	1.71%	–
VRX	New	VALEANT PHARMACEUTICALS INTL	$16,587,000	–	192,960	–	1.62%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$16,424,000	–	562,520	–	1.60%	–
AUY	New	YAMANA GOLD INC	$15,451,000	–	1,608,220	–	1.51%	–
PBA	New	PEMBINA PIPELINE CORP	$12,807,000	–	418,090	–	1.25%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$12,251,000	–	512,030	–	1.20%	–
AGU	New	AGRIUM INC	$12,055,000	–	138,670	–	1.18%	–
SLF	New	SUN LIFE FINL INC	$11,935,000	–	404,200	–	1.17%	–
DSGX	New	DESCARTES SYS GROUP INC	$11,669,000	–	1,016,480	–	1.14%	–
AAPL	New	APPLE INC	$9,070,000	–	23,138	–	0.89%	–
GIL	New	GILDAN ACTIVEWEAR INC	$8,817,000	–	218,090	–	0.86%	–
ECA	New	ENCANA CORP	$8,677,000	–	514,577	–	0.85%	–
TLM	New	TALISMAN ENERGY INC	$8,468,000	–	744,440	–	0.83%	–
GILD	New	GILEAD SCIENCES INC	$8,399,000	–	165,466	–	0.82%	–
CP	New	CANADIAN PAC RY LTD	$7,843,000	–	64,700	–	0.77%	–
MEOH	New	METHANEX CORP	$7,768,000	–	181,900	–	0.76%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$6,968,000	–	82,992	–	0.68%	–
ESRX	New	EXPRESS SCRIPTS HLDG CO	$6,924,000	–	113,266	–	0.68%	–
TJX	New	TJX COS INC NEW	$6,745,000	–	136,114	–	0.66%	–
XOM	New	EXXON MOBIL CORP	$6,442,000	–	72,015	–	0.63%	–
CCJ	New	CAMECO CORP	$6,089,000	–	294,530	–	0.60%	–
NKE	New	NIKE INCcl b	$5,915,000	–	93,536	–	0.58%	–
BPO	New	BROOKFIELD OFFICE PPTYS INC	$5,882,000	–	354,760	–	0.58%	–
JPM	New	JPMORGAN CHASE & CO	$5,661,000	–	108,305	–	0.55%	–
KO	New	COCA COLA CO	$5,580,000	–	139,645	–	0.54%	–
MSFT	New	MICROSOFT CORP	$5,558,000	–	162,436	–	0.54%	–
WFC	New	WELLS FARGO & CO NEW	$5,235,000	–	128,073	–	0.51%	–
CBS	New	CBS CORP NEWcl b	$5,207,000	–	107,395	–	0.51%	–
JNJ	New	JOHNSON & JOHNSON	$4,996,000	–	58,784	–	0.49%	–
STT	New	STATE STR CORP	$4,919,000	–	75,920	–	0.48%	–
AXP	New	AMERICAN EXPRESS CO	$4,700,000	–	63,501	–	0.46%	–
COST	New	COSTCO WHSL CORP NEW	$4,657,000	–	42,533	–	0.46%	–
HON	New	HONEYWELL INTL INC	$4,603,000	–	58,590	–	0.45%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$4,426,000	–	39,945	–	0.43%	–
V	New	VISA INC	$4,301,000	–	23,763	–	0.42%	–
QCOM	New	QUALCOMM INC	$4,301,000	–	71,078	–	0.42%	–
CVX	New	CHEVRON CORP NEW	$4,282,000	–	36,546	–	0.42%	–
ORCL	New	ORACLE CORP	$4,246,000	–	139,560	–	0.42%	–
ABC	New	AMERISOURCEBERGEN CORP	$3,861,000	–	69,848	–	0.38%	–
DIS	New	DISNEY WALT CO	$3,840,000	–	61,423	–	0.38%	–
CHD	New	CHURCH & DWIGHT INC	$3,789,000	–	61,995	–	0.37%	–
PCLN	New	PRICELINE COM INC	$3,732,000	–	4,560	–	0.36%	–
MON	New	MONSANTO CO NEW	$3,606,000	–	36,833	–	0.35%	–
INTC	New	INTEL CORP	$3,538,000	–	147,425	–	0.35%	–
PEP	New	PEPSICO INC	$3,244,000	–	40,032	–	0.32%	–
MCD	New	MCDONALDS CORP	$3,184,000	–	32,489	–	0.31%	–
APH	New	AMPHENOL CORP NEWcl a	$3,155,000	–	40,810	–	0.31%	–
UNP	New	UNION PAC CORP	$3,141,000	–	20,484	–	0.31%	–
DHR	New	DANAHER CORP DEL	$3,124,000	–	49,835	–	0.30%	–
EMC	New	E M C CORP MASS	$2,995,000	–	127,630	–	0.29%	–
CL	New	COLGATE PALMOLIVE CO	$2,882,000	–	50,794	–	0.28%	–
TGT	New	TARGET CORP	$2,827,000	–	41,465	–	0.28%	–
UTX	New	UNITED TECHNOLOGIES CORP	$2,805,000	–	30,448	–	0.27%	–
INTU	New	INTUIT	$2,679,000	–	44,323	–	0.26%	–
BBBY	New	BED BATH & BEYOND INC	$2,615,000	–	37,232	–	0.26%	–
SLB	New	SCHLUMBERGER LTD	$2,587,000	–	36,305	–	0.25%	–
GE	New	GENERAL ELECTRIC CO	$2,565,000	–	110,910	–	0.25%	–
PNC	New	PNC FINL SVCS GROUP INC	$2,571,000	–	35,610	–	0.25%	–
SYK	New	STRYKER CORP	$2,529,000	–	39,356	–	0.25%	–
CTSH	New	COGNIZANT TECHNOLOGY SOLUTIOcl a	$2,450,000	–	39,510	–	0.24%	–
CVS	New	CVS CAREMARK CORPORATION	$2,429,000	–	42,903	–	0.24%	–
BEN	New	FRANKLIN RES INC	$2,402,000	–	17,803	–	0.24%	–
DE	New	DEERE & CO	$2,327,000	–	28,768	–	0.23%	–
MMM	New	3M CO	$2,320,000	–	21,420	–	0.23%	–
GS	New	GOLDMAN SACHS GROUP INC	$2,327,000	–	15,539	–	0.23%	–
USB	New	US BANCORP DEL	$2,293,000	–	63,707	–	0.22%	–
CSCO	New	CISCO SYS INC	$2,184,000	–	90,664	–	0.21%	–
FDX	New	FEDEX CORP	$2,154,000	–	22,035	–	0.21%	–
CSX	New	CSX CORP	$2,106,000	–	91,707	–	0.21%	–
ADBE	New	ADOBE SYS INC	$2,102,000	–	46,611	–	0.20%	–
AGN	New	ALLERGAN INC	$2,053,000	–	24,614	–	0.20%	–
BMO	New	BANK MONTREAL QUE	$1,975,000	–	34,170	–	0.19%	–
ADS	New	ALLIANCE DATA SYSTEMS CORP	$1,944,000	–	10,846	–	0.19%	–
APA	New	APACHE CORP	$1,926,000	–	23,205	–	0.19%	–
EEM	New	ISHARES TRmsci emerg mkt	$1,868,000	–	48,000	–	0.18%	–
TROW	New	PRICE T ROWE GROUP INC	$1,843,000	–	25,425	–	0.18%	–
AKAM	New	AKAMAI TECHNOLOGIES INC	$1,761,000	–	41,810	–	0.17%	–
EFA	New	ISHARES TRmsci eafe index	$1,555,000	–	26,670	–	0.15%	–
COH	New	COACH INC	$1,536,000	–	26,978	–	0.15%	–
TUP	New	TUPPERWARE BRANDS CORP	$1,520,000	–	19,622	–	0.15%	–
BCE	New	BCE INC	$1,396,000	–	33,700	–	0.14%	–
NOV	New	NATIONAL OILWELL VARCO INC	$1,367,000	–	20,030	–	0.13%	–
HRL	New	HORMEL FOODS CORP	$1,310,000	–	34,290	–	0.13%	–
ADP	New	AUTOMATIC DATA PROCESSING IN	$1,260,000	–	18,379	–	0.12%	–
DD	New	DU PONT E I DE NEMOURS & CO	$1,230,000	–	23,666	–	0.12%	–
WDR	New	WADDELL & REED FINL INCcl a	$1,192,000	–	27,680	–	0.12%	–
TYC	New	TYCO INTERNATIONAL LTD	$1,175,000	–	36,025	–	0.12%	–
APD	New	AIR PRODS & CHEMS INC	$1,182,000	–	12,947	–	0.12%	–
AVGO	New	AVAGO TECHNOLOGIES LTD	$1,122,000	–	30,335	–	0.11%	–
TAC	New	TRANSALTA CORP	$971,000	–	69,670	–	0.10%	–
ST	New	SENSATA TECHNOLOGIES HLDG BV	$938,000	–	27,160	–	0.09%	–
DDC	New	DOMINION DIAMOND CORP	$633,000	–	44,900	–	0.06%	–
GOLD	New	BARRICK GOLD CORP	$629,000	–	40,000	–	0.06%	–
VET	New	VERMILION ENERGY INC	$611,000	–	12,500	–	0.06%	–
IMO	New	IMPERIAL OIL LTD	$492,000	–	12,900	–	0.05%	–
PNR	New	PENTAIR LTD	$492,000	–	8,613	–	0.05%	–
BAC	New	BANK OF AMERICA CORPORATION	$439,000	–	36,000	–	0.04%	–
UNH	New	UNITEDHEALTH GROUP INC	$347,000	–	5,305	–	0.03%	–
OMC	New	OMNICOM GROUP INC	$312,000	–	4,933	–	0.03%	–
MHFI	New	MCGRAW HILL FINL INC	$300,000	–	5,655	–	0.03%	–
UPS	New	UNITED PARCEL SERVICE INCcl b	$282,000	–	3,252	–	0.03%	–
BAX	New	BAXTER INTL INC	$284,000	–	4,088	–	0.03%	–
MET	New	METLIFE INC	$283,000	–	6,189	–	0.03%	–
FISV	New	FISERV INC	$260,000	–	2,976	–	0.02%	–
PX	New	PRAXAIR INC	$238,000	–	2,067	–	0.02%	–
VAR	New	VARIAN MED SYS INC	$228,000	–	3,386	–	0.02%	–
AFL	New	AFLAC INC	$225,000	–	3,872	–	0.02%	–
BK	New	BANK NEW YORK MELLON CORP	$229,000	–	8,193	–	0.02%	–
TBT	New	PROSHARES TR	$214,000	–	3,125	–	0.02%	–
BDX	New	BECTON DICKINSON & CO	$211,000	–	2,135	–	0.02%	–
JWA	New	WILEY JOHN & SONS INCcl a	$208,000	–	5,155	–	0.02%	–
NOK	New	NOKIA CORPsponsored adr	$89,000	–	25,000	–	0.01%	–
AT	New	ATLANTIC PWR CORP	$60,000	–	15,210	–	0.01%	–

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Export Addenda Capital Inc.'s holdings