Cumberland Partners Ltd Activity Q4 2012-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$55,139,738	-8.5%	174,631	-1.3%	5.30%	-4.1%
ETN	Sell	EATON CORP PLC	$41,980,756	-1.1%	196,834	-6.7%	4.04%	+3.7%
FB	Sell	META PLATFORMS INCcl a	$37,259,063	+4.1%	124,110	-0.5%	3.58%	+9.1%
GOOG	Buy	ALPHABET INCcap stk cl c	$36,926,306	+45.2%	280,063	+33.2%	3.55%	+52.3%
V	Sell	VISA INC	$35,495,373	-4.2%	154,321	-1.1%	3.41%	+0.4%
SPGI	Buy	S&P GLOBAL INC	$34,436,970	-7.7%	94,242	+1.3%	3.31%	-3.2%
	Sell	CANADIAN PACIFIC KANSAS CITY	$33,775,503	-13.1%	452,987	-5.8%	3.25%	-8.9%
UNH	Buy	UNITEDHEALTH GROUP INC	$32,441,602	+5.0%	64,344	+0.1%	3.12%	+10.1%
RY	Sell	ROYAL BK CDA	$32,100,089	-15.5%	366,103	-7.9%	3.09%	-11.5%
COST	Buy	COSTCO WHSL CORP NEW	$30,774,501	+9.9%	54,472	+4.7%	2.96%	+15.2%
	Buy	LINDE PLC	$28,302,696	-0.6%	76,011	+1.7%	2.72%	+4.2%
	Buy	THOMSON REUTERS CORP.	$27,958,310	-7.2%	227,831	+2.1%	2.69%	-2.7%
MMC	Buy	MARSH & MCLENNAN COS INC	$27,628,896	+1.9%	145,186	+0.7%	2.66%	+6.8%
AAPL	Buy	APPLE INC	$26,852,748	+6.9%	156,841	+21.1%	2.58%	+12.1%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$26,746,427	-17.9%	694,487	-2.7%	2.57%	-13.9%
CNI	Sell	CANADIAN NATL RY CO	$25,628,981	-16.1%	235,925	-6.4%	2.46%	-12.1%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$25,614,733	-5.3%	50,605	-2.3%	2.46%	-0.6%
AJG	Sell	GALLAGHER ARTHUR J & CO	$23,613,092	+0.9%	103,598	-2.8%	2.27%	+5.8%
ACN	Buy	ACCENTURE PLC IRELAND	$18,537,159	+0.9%	60,360	+1.3%	1.78%	+5.8%
AMAT	Buy	APPLIED MATLS INC	$15,835,220	+24.6%	114,375	+30.1%	1.52%	+30.6%
ORCL	Buy	ORACLE CORP	$14,964,590	+120.6%	141,282	+148.1%	1.44%	+131.4%
ADI	Sell	ANALOG DEVICES INC	$14,504,456	-44.5%	82,840	-38.3%	1.40%	-41.9%
GM	Sell	GENERAL MTRS CO	$13,123,050	-14.7%	398,030	-0.2%	1.26%	-10.6%
ANTM	Sell	ELEVANCE HEALTH INC	$13,010,349	-2.6%	29,880	-0.6%	1.25%	+2.0%
GOOGL	Buy	ALPHABET INCcap stk cl a	$12,989,033	+21.2%	99,259	+10.9%	1.25%	+27.1%
HD	Sell	HOME DEPOT INC	$12,810,980	-35.5%	42,398	-33.7%	1.23%	-32.4%
AON	Sell	AON PLC	$11,565,252	-13.0%	35,671	-7.3%	1.11%	-8.8%
CCJ	Buy	CAMECO CORP	$11,230,970	+27.6%	281,916	+0.4%	1.08%	+33.7%
MA	Buy	MASTERCARD INCORPORATEDcl a	$9,915,566	+5.2%	25,045	+4.5%	0.95%	+10.3%
NVO	Buy	NOVO-NORDISK A Sadr	$8,526,898	+14.1%	93,764	+103.0%	0.82%	+19.5%
CNQ	Sell	CANADIAN NAT RES LTD	$6,640,370	+3.0%	102,257	-10.7%	0.64%	+8.1%
WCN	Buy	WASTE CONNECTIONS INC	$6,602,145	+1.9%	48,945	+8.0%	0.64%	+6.7%
LLY	Sell	ELI LILLY & CO	$6,577,157	+12.0%	12,245	-2.2%	0.63%	+17.4%
TD	Sell	TORONTO DOMINION BK ONT	$6,439,418	-42.9%	106,537	-41.4%	0.62%	-40.1%
AVGO	Sell	BROADCOM INC	$6,420,384	-23.4%	7,730	-20.0%	0.62%	-19.6%
PH	Sell	PARKER-HANNIFIN CORP	$6,000,555	-9.3%	15,405	-9.1%	0.58%	-4.9%
AVY	Sell	AVERY DENNISON CORP	$5,756,845	-61.2%	31,515	-63.5%	0.55%	-59.3%
SVOL	Buy	SIMPLIFY EXCHANGE TRADED FUNvolatility prem	$5,647,377	-1.7%	250,883	+0.2%	0.54%	+3.0%
PEP	Buy	PEPSICO INC	$5,502,563	-1.2%	32,475	+8.0%	0.53%	+3.5%
TOL	Sell	TOLL BROTHERS INC	$5,366,538	-10.9%	72,560	-4.8%	0.52%	-6.7%
MCK	Buy	MCKESSON CORP	$5,346,047	+116.1%	12,294	+112.4%	0.51%	+126.4%
FSV	Sell	FIRSTSERVICE CORP NEW	$5,333,535	-6.3%	36,500	-1.2%	0.51%	-1.7%
BLK	Buy	BLACKROCK INC	$5,330,956	+34.8%	8,246	+44.1%	0.51%	+41.3%
ARES	New	ARES MANAGEMENT CORPORATION	$4,963,477	–	48,250	–	0.48%	–
BNS	Sell	BANK NOVA SCOTIA HALIFAX	$4,889,409	-15.2%	108,750	-5.5%	0.47%	-11.2%
DECK	Sell	DECKERS OUTDOOR CORP	$4,830,904	-4.2%	9,397	-1.7%	0.46%	+0.4%
STAG	New	STAG INDL INC	$4,573,093	–	132,515	–	0.44%	–
NOA	Sell	NORTH AMERN CONSTR GROUP LTD	$4,534,223	-10.5%	208,300	-21.2%	0.44%	-6.2%
PBA	Sell	PEMBINA PIPELINE CORP	$4,503,110	-21.1%	149,305	-17.7%	0.43%	-17.4%
AGI	Sell	ALAMOS GOLD INC NEW	$4,286,767	-6.3%	378,310	-1.4%	0.41%	-1.9%
YUM	Sell	YUM BRANDS INC	$4,134,890	-11.2%	33,095	-1.5%	0.40%	-6.8%
ASML	Buy	ASML HOLDING N V	$3,957,561	-14.2%	6,723	+5.6%	0.38%	-9.9%
FERG	Sell	FERGUSON PLC NEW	$3,965,930	+4.3%	23,900	-0.9%	0.38%	+9.2%
BAH	Buy	BOOZ ALLEN HAMILTON HLDG CORcl a	$3,924,978	+161.6%	35,920	+167.2%	0.38%	+173.9%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$3,823,340	-3.1%	43,997	+12.5%	0.37%	+1.7%
KEYS	Sell	KEYSIGHT TECHNOLOGIES INC	$3,690,788	-22.5%	27,895	-1.9%	0.36%	-18.8%
HWM	New	HOWMET AEROSPACE INC	$3,530,263	–	76,330	–	0.34%	–
WMT	Sell	WALMART INC	$3,536,053	-32.0%	22,110	-33.1%	0.34%	-28.7%
GRPU	Buy	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$3,464,691	+1.0%	64,987	+12.3%	0.33%	+5.7%
HBM	Buy	HUDBAY MINERALS INC	$3,348,256	+33.8%	685,100	+31.3%	0.32%	+40.0%
DHR	Sell	DANAHER CORPORATION	$3,338,434	+2.0%	13,456	-1.3%	0.32%	+7.0%
ENB	Sell	ENBRIDGE INC	$3,044,384	-21.3%	91,394	-12.1%	0.29%	-17.5%
ABNB	Buy	AIRBNB INC	$3,024,108	+25.6%	22,040	+17.3%	0.29%	+31.7%
BCE	Buy	BCE INC	$3,015,415	+13.2%	78,672	+34.8%	0.29%	+18.9%
VCSH	Buy	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$2,994,728	+6.0%	39,850	+6.7%	0.29%	+11.2%
GNTX	New	GENTEX CORP	$2,943,568	–	90,460	–	0.28%	–
BRKB	Sell	BERKSHIRE HATHAWAY INC DELcl b new	$2,809,406	+2.7%	8,020	-0.0%	0.27%	+7.6%
TXN	Sell	TEXAS INSTRS INC	$2,752,462	-58.9%	17,310	-53.5%	0.26%	-56.9%
LOW	Buy	LOWES COS INC	$2,744,319	-4.3%	13,204	+3.9%	0.26%	+0.4%
VWO	Sell	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$2,720,782	-4.4%	69,390	-0.8%	0.26%	+0.4%
GLD	Buy	SPDR GOLD TR	$2,682,336	+19.0%	15,645	+23.7%	0.26%	+24.6%
CVS	Buy	CVS HEALTH CORP	$2,608,127	+19.4%	37,355	+18.3%	0.25%	+25.5%
DE	Sell	DEERE & CO	$2,542,786	-8.0%	6,738	-1.2%	0.24%	-3.5%
AMZN	Buy	AMAZON COM INC	$2,459,899	+5.9%	19,351	+8.6%	0.24%	+11.3%
FCX	Sell	FREEPORT-MCMORAN INCcl b	$2,312,167	-62.5%	62,005	-59.7%	0.22%	-60.7%
MSCI	Sell	MSCI INC	$2,223,176	+8.6%	4,333	-0.7%	0.21%	+13.8%
ADBE	Sell	ADOBE INC	$2,187,471	-1.5%	4,290	-5.5%	0.21%	+2.9%
	Buy	APOLLO GLOBAL MGMT INC	$2,154,240	+65.0%	24,000	+41.2%	0.21%	+72.5%
SU	Sell	SUNCOR ENERGY INC NEW	$2,091,082	-2.5%	60,621	-17.0%	0.20%	+2.0%
GIL	Sell	GILDAN ACTIVEWEAR INC	$2,055,555	-20.4%	73,000	-8.8%	0.20%	-16.5%
SPHB	New	INVESCO EXCH TRADED FD TR IIs&p 500 hb etf	$2,053,930	–	29,300	–	0.20%	–
CRM	Buy	SALESFORCE INC	$2,048,078	+16.1%	10,100	+21.0%	0.20%	+21.6%
BAC	Sell	BANK AMERICA CORP	$1,993,127	-26.5%	72,795	-23.0%	0.19%	-22.9%
SJNK	Sell	SPDR SER TRbloomberg sht te	$1,859,547	-6.6%	76,024	-5.6%	0.18%	-2.2%
HLT	Buy	HILTON WORLDWIDE HLDGS INC	$1,802,160	+27.0%	12,000	+23.1%	0.17%	+33.1%
MELI	Buy	MERCADOLIBRE INC	$1,775,032	+36.2%	1,400	+27.3%	0.17%	+42.5%
IBKR	Buy	INTERACTIVE BROKERS GROUP IN	$1,731,200	+26.3%	20,000	+21.2%	0.17%	+32.5%
RSG	Sell	REPUBLIC SVCS INC	$1,695,869	-25.7%	11,900	-20.1%	0.16%	-22.0%
BND	Sell	VANGUARD BD INDEX FDStotal bnd mrkt	$1,686,234	-6.2%	24,165	-2.3%	0.16%	-1.8%
BMO	Sell	BANK MONTREAL QUE	$1,684,146	-8.4%	19,903	-2.1%	0.16%	-4.1%
DFS	Sell	DISCOVER FINL SVCS	$1,672,046	-43.8%	19,301	-24.1%	0.16%	-41.0%
LBRDK	Buy	LIBERTY BROADBAND CORP	$1,643,760	+71.0%	18,000	+50.0%	0.16%	+79.5%
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$1,637,250	-17.9%	15,000	-16.7%	0.16%	-14.2%
CMCSA	Buy	COMCAST CORP NEWcl a	$1,620,051	+45.9%	36,537	+36.7%	0.16%	+52.9%
MKL	New	MARKEL GROUP INC	$1,619,739	–	1,100	–	0.16%	–
	New	ATLAS ENERGY SOLUTIONS INC	$1,531,180	–	68,879	–	0.15%	–
HCA	Buy	HCA HEALTHCARE INC	$1,508,349	-7.7%	6,132	+13.9%	0.14%	-3.3%
NVR	Sell	NVR INC	$1,490,825	-11.4%	250	-5.7%	0.14%	-7.1%
FICO	Sell	FAIR ISAAC CORP	$1,476,501	+1.4%	1,700	-5.6%	0.14%	+6.0%
ALSN	Sell	ALLISON TRANSMISSION HLDGS I	$1,358,380	+0.2%	23,000	-4.2%	0.13%	+5.6%
ICLR	Buy	ICON PLC	$1,354,375	+20.3%	5,500	+22.2%	0.13%	+26.2%
TPL	Buy	TEXAS PACIFIC LAND CORPORATI	$1,276,492	+223.2%	700	+133.3%	0.12%	+241.7%
STZ	Sell	CONSTELLATION BRANDS INCcl a	$1,265,447	-7.1%	5,035	-9.0%	0.12%	-2.4%
INTU	New	INTUIT	$1,208,373	–	2,365	–	0.12%	–
EMR	Buy	EMERSON ELEC CO	$1,156,908	+296.9%	11,980	+271.5%	0.11%	+311.1%
EME	Sell	EMCOR GROUP INC	$1,094,028	-1.3%	5,200	-13.3%	0.10%	+2.9%
WRB	New	BERKLEY W R CORP	$1,079,330	–	17,000	–	0.10%	–
FTS	Buy	FORTIS INC	$1,064,616	+6.4%	27,900	+20.3%	0.10%	+10.9%
CAE	Sell	CAE INC	$1,047,953	-41.1%	44,750	-43.7%	0.10%	-38.0%
TGT	New	TARGET CORP	$1,022,773	–	9,250	–	0.10%	–
ACGL	Buy	ARCH CAP GROUP LTDord	$996,375	+66.4%	12,500	+56.2%	0.10%	+74.5%
SBUX	Sell	STARBUCKS CORP	$927,759	-83.4%	10,165	-81.9%	0.09%	-82.6%
VEEV	Buy	VEEVA SYS INC	$915,525	+105.8%	4,500	+100.0%	0.09%	+114.6%
MEDP	New	MEDPACE HLDGS INC	$907,988	–	3,750	–	0.09%	–
LYV	New	LIVE NATION ENTERTAINMENT IN	$871,920	–	10,500	–	0.08%	–
TECK	New	TECK RESOURCES LTDcl b	$874,251	–	20,250	–	0.08%	–
NOW	New	SERVICENOW INC	$838,440	–	1,500	–	0.08%	–
CAH	Buy	CARDINAL HEALTH INC	$835,122	+38.7%	9,619	+51.0%	0.08%	+45.5%
MUSA	New	MURPHY USA INC	$768,893	–	2,250	–	0.07%	–
KLAC	New	KLA CORP	$748,074	–	1,631	–	0.07%	–
SFM	Buy	SPROUTS FMRS MKT INC	$749,000	+103.9%	17,500	+75.0%	0.07%	+111.8%
SLF	Sell	SUN LIFE FINANCIAL INC.	$703,065	-27.7%	14,353	-23.0%	0.07%	-23.6%
ORLY	Sell	OREILLY AUTOMOTIVE INC	$636,202	-11.2%	700	-6.7%	0.06%	-7.6%
ERF	New	ENERPLUS CORP	$618,713	–	35,000	–	0.06%	–
DPZ	New	DOMINOS PIZZA INC	$625,004	–	1,650	–	0.06%	–
OTEX	Sell	OPEN TEXT CORP	$609,973	-20.7%	17,300	-6.3%	0.06%	-16.9%
KMLM	Sell	KRANESHARES TRkfa mount lucas	$616,583	+5.9%	18,931	-0.9%	0.06%	+11.3%
CI	New	THE CIGNA GROUP	$617,911	–	2,160	–	0.06%	–
LECO	New	LINCOLN ELEC HLDGS INC	$599,907	–	3,300	–	0.06%	–
	Sell	U HAUL HOLDING COMPANY	$579,957	-54.0%	11,070	-55.5%	0.06%	-51.7%
CBOE	New	CBOE GLOBAL MKTS INC	$546,735	–	3,500	–	0.05%	–
TDG	New	TRANSDIGM GROUP INC	$548,035	–	650	–	0.05%	–
ANET	New	ARISTA NETWORKS INC	$505,808	–	2,750	–	0.05%	–
CLS	New	CELESTICA INC	$476,964	–	19,400	–	0.05%	–
LPLA	New	LPL FINL HLDGS INC	$475,300	–	2,000	–	0.05%	–
WIX	New	WIX COM LTD	$459,000	–	5,000	–	0.04%	–
XLY	Buy	SELECT SECTOR SPDR TRsbi cons discr	$460,403	-3.7%	2,860	+1.6%	0.04%	0.0%
BKNG	New	BOOKING HOLDINGS INC	$431,753	–	140	–	0.04%	–
SNPS	New	SYNOPSYS INC	$413,073	–	900	–	0.04%	–
CCEP	New	COCA-COLA EUROPACIFIC PARTNE	$406,120	–	6,500	–	0.04%	–
FLT	New	FLEETCOR TECHNOLOGIES INC	$408,544	–	1,600	–	0.04%	–
LULU	New	LULULEMON ATHLETICA INC	$385,610	–	1,000	–	0.04%	–
STN	Sell	STANTEC INC	$377,421	-21.9%	5,790	-21.7%	0.04%	-18.2%
LEA	Buy	LEAR CORP	$362,340	-0.2%	2,700	+6.7%	0.04%	+6.1%
TU	Sell	TELUS CORPORATION	$367,141	-87.1%	22,414	-84.7%	0.04%	-86.6%
IQV	Sell	IQVIA HLDGS INC	$352,183	-77.7%	1,790	-74.6%	0.03%	-76.6%
MFC	Buy	MANULIFE FINL CORP	$334,593	+15.6%	18,235	+19.2%	0.03%	+18.5%
CM	Sell	CANADIAN IMPERIAL BK COMM TO	$324,007	-10.2%	8,368	-0.9%	0.03%	-6.1%
MTCH	New	MATCH GROUP INC NEW	$313,400	–	8,000	–	0.03%	–
IVOL	Buy	KRANESHARES TRquadrtc int rt	$298,141	+0.0%	14,501	+0.1%	0.03%	+7.4%
NVDA	New	NVIDIA CORPORATION	$247,510	–	569	–	0.02%	–
BIL	New	SPDR SER TRbloomberg 1-3 mo	$241,946	–	2,635	–	0.02%	–
ICE	New	INTERCONTINENTAL EXCHANGE IN	$220,040	–	2,000	–	0.02%	–
SHW	New	SHERWIN WILLIAMS CO	$204,040	–	800	–	0.02%	–
ALK	Exit	ALASKA AIR GROUP INC	$0	–	-4,600	–	-0.02%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-16,767	–	-0.03%	–
ILMN	Exit	ILLUMINA INC	$0	–	-1,750	–	-0.03%	–
DAVA	Exit	ENDAVA PLCads	$0	–	-8,000	–	-0.04%	–
SQ	Exit	BLOCK INCcl a	$0	–	-6,500	–	-0.04%	–
PPG	Exit	PPG INDS INC	$0	–	-3,000	–	-0.04%	–
SBAC	Exit	SBA COMMUNICATIONS CORP NEWcl a	$0	–	-2,250	–	-0.05%	–
BIP	Exit	BROOKFIELD INFRAST PARTNERSlp int unit	$0	–	-14,200	–	-0.05%	–
TW	Exit	TRADEWEB MKTS INCcl a	$0	–	-10,500	–	-0.07%	–
VRSN	Exit	VERISIGN INC	$0	–	-4,000	–	-0.08%	–
AXP	Exit	AMERICAN EXPRESS CO	$0	–	-5,250	–	-0.08%	–
HDB	Exit	HDFC BANK LTDsponsored ads	$0	–	-15,000	–	-0.10%	–
NTR	Exit	NUTRIEN LTD	$0	–	-18,800	–	-0.10%	–
H	Exit	HYATT HOTELS CORP	$0	–	-12,000	–	-0.13%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-38,550	–	-0.13%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-8,679	–	-0.13%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-16,600	–	-0.15%	–
FTNT	Exit	FORTINET INC	$0	–	-29,100	–	-0.20%	–
DEO	Exit	DIAGEO PLCspon adr new	$0	–	-15,467	–	-0.25%	–
ABBV	Exit	ABBVIE INC	$0	–	-20,262	–	-0.25%	–
LUV	Exit	SOUTHWEST AIRLS CO	$0	–	-76,145	–	-0.25%	–
QCOM	Exit	QUALCOMM INC	$0	–	-39,589	–	-0.43%	–
ABT	Exit	ABBOTT LABS	$0	–	-67,920	–	-0.68%	–

Q2 2023

			Value		Shares		↓ Weighting
MSFT	New	MICROSOFT CORP	$60,260,256	–	176,955	–	5.53%	–
ETN	New	EATON CORP PLC	$42,431,900	–	210,999	–	3.89%	–
	New	CANADIAN PACIFIC KANSAS CITY	$38,870,971	–	480,897	–	3.57%	–
RY	New	ROYAL BK CDA	$38,006,336	–	397,633	–	3.49%	–
SPGI	New	S&P GLOBAL INC	$37,300,810	–	93,045	–	3.42%	–
V	New	VISA INC	$37,066,827	–	156,084	–	3.40%	–
FB	New	META PLATFORMS INCcl a	$35,798,746	–	124,743	–	3.28%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$32,592,269	–	713,857	–	2.99%	–
UNH	New	UNITEDHEALTH GROUP INC	$30,891,694	–	64,272	–	2.83%	–
CNI	New	CANADIAN NATL RY CO	$30,555,648	–	252,139	–	2.80%	–
	New	THOMSON REUTERS CORP.	$30,142,470	–	223,093	–	2.76%	–
	New	LINDE PLC	$28,481,538	–	74,739	–	2.61%	–
COST	New	COSTCO WHSL CORP NEW	$27,998,990	–	52,006	–	2.57%	–
MMC	New	MARSH & MCLENNAN COS INC	$27,107,218	–	144,126	–	2.49%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$27,036,041	–	51,818	–	2.48%	–
ADI	New	ANALOG DEVICES INC	$26,143,503	–	134,200	–	2.40%	–
GOOG	New	ALPHABET INCcap stk cl c	$25,432,007	–	210,234	–	2.33%	–
AAPL	New	APPLE INC	$25,117,563	–	129,492	–	2.30%	–
AJG	New	GALLAGHER ARTHUR J & CO	$23,394,525	–	106,547	–	2.15%	–
HD	New	HOME DEPOT INC	$19,862,943	–	63,942	–	1.82%	–
ACN	New	ACCENTURE PLC IRELAND	$18,380,568	–	59,565	–	1.69%	–
GM	New	GENERAL MTRS CO	$15,386,211	–	399,020	–	1.41%	–
AVY	New	AVERY DENNISON CORP	$14,845,238	–	86,410	–	1.36%	–
ANTM	New	ELEVANCE HEALTH INC	$13,359,356	–	30,069	–	1.23%	–
AON	New	AON PLC	$13,288,819	–	38,496	–	1.22%	–
AMAT	New	APPLIED MATLS INC	$12,711,570	–	87,945	–	1.17%	–
TD	New	TORONTO DOMINION BK ONT	$11,271,302	–	181,697	–	1.03%	–
GOOGL	New	ALPHABET INCcap stk cl a	$10,714,946	–	89,515	–	0.98%	–
MA	New	MASTERCARD INCORPORATEDcl a	$9,427,402	–	23,970	–	0.86%	–
CCJ	New	CAMECO CORP	$8,802,894	–	280,795	–	0.81%	–
AVGO	New	BROADCOM INC	$8,383,711	–	9,665	–	0.77%	–
NVO	New	NOVO-NORDISK A Sadr	$7,473,633	–	46,182	–	0.69%	–
ABT	New	ABBOTT LABS	$7,404,638	–	67,920	–	0.68%	–
ORCL	New	ORACLE CORP	$6,782,771	–	56,955	–	0.62%	–
TXN	New	TEXAS INSTRS INC	$6,704,845	–	37,245	–	0.62%	–
PH	New	PARKER-HANNIFIN CORP	$6,613,128	–	16,955	–	0.61%	–
WCN	New	WASTE CONNECTIONS INC	$6,481,504	–	45,300	–	0.60%	–
CNQ	New	CANADIAN NAT RES LTD	$6,446,673	–	114,549	–	0.59%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$6,160,400	–	154,010	–	0.56%	–
TOL	New	TOLL BROTHERS INC	$6,025,924	–	76,210	–	0.55%	–
LLY	New	LILLY ELI & CO	$5,873,036	–	12,523	–	0.54%	–
DSGX	New	DESCARTES SYS GROUP INC	$5,830,285	–	72,700	–	0.54%	–
BNS	New	BANK NOVA SCOTIA HALIFAX	$5,763,777	–	115,119	–	0.53%	–
SVOL	New	SIMPLIFY EXCHANGE TRADED FUNvolatility prem	$5,746,657	–	250,399	–	0.53%	–
PBA	New	PEMBINA PIPELINE CORP	$5,706,818	–	181,385	–	0.52%	–
FSV	New	FIRSTSERVICE CORP NEW	$5,693,904	–	36,930	–	0.52%	–
SBUX	New	STARBUCKS CORP	$5,577,077	–	56,300	–	0.51%	–
PEP	New	PEPSICO INC	$5,571,418	–	30,080	–	0.51%	–
TPX	New	TEMPUR SEALY INTL INC	$5,370,662	–	134,032	–	0.49%	–
WMT	New	WALMART INC	$5,197,471	–	33,067	–	0.48%	–
NOA	New	NORTH AMERN CONSTR GROUP LTD	$5,065,211	–	264,400	–	0.46%	–
DECK	New	DECKERS OUTDOOR CORP	$5,042,847	–	9,557	–	0.46%	–
MCD	New	MCDONALDS CORP	$5,032,983	–	16,866	–	0.46%	–
KEYS	New	KEYSIGHT TECHNOLOGIES INC	$4,759,767	–	28,425	–	0.44%	–
QCOM	New	QUALCOMM INC	$4,712,674	–	39,589	–	0.43%	–
YUM	New	YUM BRANDS INC	$4,655,973	–	33,605	–	0.43%	–
ET	New	ENERGY TRANSFER L P	$4,657,154	–	366,705	–	0.43%	–
ASML	New	ASML HOLDING N V	$4,613,759	–	6,366	–	0.42%	–
AGI	New	ALAMOS GOLD INC NEW	$4,577,005	–	383,810	–	0.42%	–
BLK	New	BLACKROCK INC	$3,956,086	–	5,724	–	0.36%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$3,945,669	–	39,097	–	0.36%	–
ENB	New	ENBRIDGE INC	$3,870,596	–	104,026	–	0.36%	–
FERG	New	FERGUSON PLC NEW	$3,801,997	–	24,115	–	0.35%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$3,428,818	–	57,887	–	0.32%	–
	New	BRP INC	$3,317,595	–	39,200	–	0.30%	–
DHR	New	DANAHER CORPORATION	$3,273,360	–	13,639	–	0.30%	–
DFS	New	DISCOVER FINL SVCS	$2,973,365	–	25,446	–	0.27%	–
LOW	New	LOWES COS INC	$2,868,196	–	12,708	–	0.26%	–
TU	New	TELUS CORPORATION	$2,846,731	–	146,129	–	0.26%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$2,845,160	–	69,940	–	0.26%	–
VCSH	New	VANGUARD SCOTTSDALE FDSshrt trm corp bd	$2,825,901	–	37,350	–	0.26%	–
DE	New	DEERE & CO	$2,763,801	–	6,821	–	0.25%	–
LUV	New	SOUTHWEST AIRLS CO	$2,757,210	–	76,145	–	0.25%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,735,843	–	8,023	–	0.25%	–
ABBV	New	ABBVIE INC	$2,729,900	–	20,262	–	0.25%	–
BAC	New	BANK AMERICA CORP	$2,713,472	–	94,579	–	0.25%	–
DEO	New	DIAGEO PLCspon adr new	$2,683,215	–	15,467	–	0.25%	–
BCE	New	BCE INC	$2,662,815	–	58,350	–	0.24%	–
GIL	New	GILDAN ACTIVEWEAR INC	$2,582,127	–	80,000	–	0.24%	–
HBM	New	HUDBAY MINERALS INC	$2,503,049	–	521,600	–	0.23%	–
MCK	New	MCKESSON CORP	$2,473,698	–	5,789	–	0.23%	–
ABNB	New	AIRBNB INC	$2,408,126	–	18,790	–	0.22%	–
YUMC	New	YUM CHINA HLDGS INC	$2,393,341	–	42,360	–	0.22%	–
AMZN	New	AMAZON COM INC	$2,321,972	–	17,812	–	0.21%	–
RSG	New	REPUBLIC SVCS INC	$2,282,233	–	14,900	–	0.21%	–
GLD	New	SPDR GOLD TR	$2,254,224	–	12,645	–	0.21%	–
ADBE	New	ADOBE SYSTEMS INCORPORATED	$2,220,015	–	4,540	–	0.20%	–
FTNT	New	FORTINET INC	$2,199,669	–	29,100	–	0.20%	–
CVS	New	CVS HEALTH CORP	$2,183,471	–	31,585	–	0.20%	–
SU	New	SUNCOR ENERGY INC NEW	$2,145,086	–	73,075	–	0.20%	–
MSCI	New	MSCI INC	$2,047,982	–	4,364	–	0.19%	–
SJNK	New	SPDR SER TRbloomberg sht te	$1,990,203	–	80,575	–	0.18%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$1,995,120	–	18,000	–	0.18%	–
BMO	New	BANK MONTREAL QUE	$1,837,619	–	20,333	–	0.17%	–
BND	New	VANGUARD BD INDEX FDStotal bnd mrkt	$1,798,351	–	24,740	–	0.16%	–
CAE	New	CAE INC	$1,780,388	–	79,490	–	0.16%	–
CRM	New	SALESFORCE INC	$1,764,021	–	8,350	–	0.16%	–
NVR	New	NVR INC	$1,682,914	–	265	–	0.15%	–
HCA	New	HCA HEALTHCARE INC	$1,633,329	–	5,382	–	0.15%	–
PM	New	PHILIP MORRIS INTL INC	$1,620,492	–	16,600	–	0.15%	–
IQV	New	IQVIA HLDGS INC	$1,582,381	–	7,040	–	0.14%	–
BAH	New	BOOZ ALLEN HAMILTON HLDG CORcl a	$1,500,462	–	13,445	–	0.14%	–
FICO	New	FAIR ISAAC CORP	$1,456,578	–	1,800	–	0.13%	–
JNJ	New	JOHNSON & JOHNSON	$1,436,548	–	8,679	–	0.13%	–
VZ	New	VERIZON COMMUNICATIONS INC	$1,433,674	–	38,550	–	0.13%	–
HLT	New	HILTON WORLDWIDE HLDGS INC	$1,419,113	–	9,750	–	0.13%	–
H	New	HYATT HOTELS CORP	$1,374,960	–	12,000	–	0.13%	–
IBKR	New	INTERACTIVE BROKERS GROUP IN	$1,370,655	–	16,500	–	0.13%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$1,362,330	–	5,535	–	0.12%	–
ALSN	New	ALLISON TRANSMISSION HLDGS I	$1,355,040	–	24,000	–	0.12%	–
	New	APOLLO GLOBAL MGMT INC	$1,305,770	–	17,000	–	0.12%	–
MELI	New	MERCADOLIBRE INC	$1,303,060	–	1,100	–	0.12%	–
	New	U HAUL HOLDING COMPANY	$1,260,163	–	24,870	–	0.12%	–
ICLR	New	ICON PLC	$1,125,900	–	4,500	–	0.10%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,110,590	–	26,729	–	0.10%	–
NTR	New	NUTRIEN LTD	$1,111,164	–	18,800	–	0.10%	–
EME	New	EMCOR GROUP INC	$1,108,680	–	6,000	–	0.10%	–
HDB	New	HDFC BANK LTDsponsored ads	$1,045,500	–	15,000	–	0.10%	–
FTS	New	FORTIS INC	$1,000,936	–	23,200	–	0.09%	–
SLF	New	SUN LIFE FINANCIAL INC.	$973,046	–	18,647	–	0.09%	–
LBRDK	New	LIBERTY BROADBAND CORP	$961,320	–	12,000	–	0.09%	–
AXP	New	AMERICAN EXPRESS CO	$914,550	–	5,250	–	0.08%	–
VRSN	New	VERISIGN INC	$903,880	–	4,000	–	0.08%	–
BSV	New	VANGUARD BD INDEX FDSshort trm bond	$831,648	–	11,005	–	0.08%	–
	New	WARNER BROS DISCOVERY INC	$792,265	–	63,179	–	0.07%	–
OTEX	New	OPEN TEXT CORP	$769,087	–	18,470	–	0.07%	–
AZO	New	AUTOZONE INC	$748,008	–	300	–	0.07%	–
ORLY	New	OREILLY AUTOMOTIVE INC	$716,475	–	750	–	0.07%	–
TW	New	TRADEWEB MKTS INCcl a	$719,040	–	10,500	–	0.07%	–
ACGL	New	ARCH CAP GROUP LTDord	$598,800	–	8,000	–	0.06%	–
CAH	New	CARDINAL HEALTH INC	$602,316	–	6,369	–	0.06%	–
KMLM	New	KRANESHARES TRkfa mount lucas	$582,183	–	19,108	–	0.05%	–
SBAC	New	SBA COMMUNICATIONS CORP NEWcl a	$521,460	–	2,250	–	0.05%	–
BIP	New	BROOKFIELD INFRAST PARTNERSlp int unit	$519,387	–	14,200	–	0.05%	–
XLY	New	SELECT SECTOR SPDR TRsbi cons discr	$478,015	–	2,815	–	0.04%	–
STN	New	STANTEC INC	$483,024	–	7,390	–	0.04%	–
VEEV	New	VEEVA SYS INC	$444,893	–	2,250	–	0.04%	–
PPG	New	PPG INDS INC	$444,900	–	3,000	–	0.04%	–
SQ	New	BLOCK INCcl a	$432,705	–	6,500	–	0.04%	–
BKLN	New	INVESCO EXCH TRADED FD TR IIsr ln etf	$420,800	–	20,000	–	0.04%	–
PEJ	New	INVESCO EXCHANGE TRADED FD Tdynmc leisure	$424,682	–	10,155	–	0.04%	–
DAVA	New	ENDAVA PLCads	$414,320	–	8,000	–	0.04%	–
TPL	New	TEXAS PACIFIC LAND CORPORATI	$394,950	–	300	–	0.04%	–
ICLN	New	ISHARES TRgl clean ene etf	$377,292	–	20,505	–	0.04%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$382,542	–	5,345	–	0.04%	–
SFM	New	SPROUTS FMRS MKT INC	$367,300	–	10,000	–	0.03%	–
LEA	New	LEAR CORP	$363,182	–	2,530	–	0.03%	–
CM	New	CANADIAN IMPERIAL BK COMM TO	$360,902	–	8,447	–	0.03%	–
APH	New	AMPHENOL CORP NEWcl a	$350,844	–	4,130	–	0.03%	–
ILMN	New	ILLUMINA INC	$328,108	–	1,750	–	0.03%	–
MFC	New	MANULIFE FINL CORP	$289,438	–	15,298	–	0.03%	–
IVOL	New	KRANESHARES TRquadrtc int rt	$297,998	–	14,480	–	0.03%	–
EMR	New	EMERSON ELEC CO	$291,508	–	3,225	–	0.03%	–
CVE	New	CENOVUS ENERGY INC	$285,097	–	16,767	–	0.03%	–
ALK	New	ALASKA AIR GROUP INC	$244,628	–	4,600	–	0.02%	–
TSLA	New	TESLA INC	$244,493	–	934	–	0.02%	–
TSI	New	TCW STRATEGIC INCOME FD INC	$162,259	–	35,045	–	0.02%	–
	New	BLACKROCK INCOME TR INC	$131,363	–	10,794	–	0.01%	–

Q4 2022

			Value		Shares		↓ Weighting
BKT	Exit	BlackRock Income Trust	$0	–	-32,385	–	-0.01%	–
TSI	Exit	TCW Strategic Income Fund	$0	–	-35,045	–	-0.02%	–
CM	Exit	Canadian Imperial Bank of Commerce	$0	–	-6,008	–	-0.03%	–
VNQ	Exit	Vanguard Real Estate ETFreal estate etf	$0	–	-3,450	–	-0.03%	–
EMR	Exit	Emerson Electric Co	$0	–	-4,210	–	-0.03%	–
PSX	Exit	Phillips 66	$0	–	-3,995	–	-0.03%	–
KEYS	Exit	Keysight Technologies Inc	$0	–	-2,090	–	-0.04%	–
PEJ	Exit	INVESCO EXCHANGETRADdynmc leisure	$0	–	-10,100	–	-0.04%	–
AZN	Exit	AstraZeneca PLC ADRsponsored adr	$0	–	-6,595	–	-0.04%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-1,250	–	-0.04%	–
ICLN	Exit	ISHARESgl clean ene etf	$0	–	-20,400	–	-0.04%	–
XLV	Exit	Selctr Hlth Care SPDRsbi healthcare	$0	–	-3,281	–	-0.04%	–
FTS	Exit	FORTIS INC	$0	–	-11,100	–	-0.04%	–
XLRE	Exit	Select Sec Rl Est Sel ETFrl est sel sec	$0	–	-12,488	–	-0.05%	–
SLF	Exit	Sun Life Financial Services Canada Inc	$0	–	-12,104	–	-0.05%	–
BKLN	Exit	INVESCO EXCHNG TRADEsr ln etf	$0	–	-24,300	–	-0.05%	–
PM	Exit	Philip Morris International Inc	$0	–	-6,100	–	-0.05%	–
VET	Exit	Vermilion Energy Inc	$0	–	-23,813	–	-0.05%	–
XLU	Exit	Sector SPDR Tr-Utilitiessbi int-utils	$0	–	-8,038	–	-0.06%	–
ERF	Exit	ENERPLUS CORP	$0	–	-41,840	–	-0.06%	–
KMLM	Exit	KFA Moutn Lucas Index Strategy ETFkfa mount lucas	$0	–	-15,360	–	-0.06%	–
TFII	Exit	TFI INTERNATIONAL	$0	–	-6,600	–	-0.06%	–
FIX	Exit	COMFORT SYS USA INC	$0	–	-6,250	–	-0.06%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-105,100	–	-0.07%	–
TDG	Exit	TRANSDIGM GROUP	$0	–	-1,300	–	-0.07%	–
BLK	Exit	Blackrock Inc	$0	–	-1,275	–	-0.07%	–
FCX	Exit	Freeport-Mcmoran Copper&Goldcl b	$0	–	-27,460	–	-0.08%	–
SHYG	Exit	ISHARES TR0-5yr hi yl cp	$0	–	-19,250	–	-0.08%	–
IQV	Exit	IQVIA HOLDINGS INC	$0	–	-4,250	–	-0.08%	–
MNST	Exit	Monster Beverage Corp	$0	–	-9,141	–	-0.08%	–
BSV	Exit	Vanguard Short-Term Bond ETFshort trm bond	$0	–	-11,315	–	-0.09%	–
BRO	Exit	BROWN & BROWN INC	$0	–	-14,000	–	-0.09%	–
HLT	Exit	HILTON WRLDWDE HLDGS	$0	–	-7,000	–	-0.09%	–
TSM	Exit	TAIWAN SEMICONDUCTORsponsored ads	$0	–	-12,500	–	-0.09%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-7,500	–	-0.09%	–
MAR	Exit	MARRIOTT INTL INCcl a	$0	–	-6,250	–	-0.09%	–
FISV	Exit	FISERV INC	$0	–	-9,500	–	-0.09%	–
CSX	Exit	CSX CORP	$0	–	-33,500	–	-0.10%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-550	–	-0.10%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-6,750	–	-0.10%	–
STZ	Exit	Constellation Brands Inc Cl-Acl a	$0	–	-4,035	–	-0.10%	–
IBKR	Exit	INTERACTIVE BROKERS	$0	–	-15,000	–	-0.10%	–
AZO	Exit	AUTOZONE INC	$0	–	-450	–	-0.10%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-13,750	–	-0.10%	–
LPLA	Exit	LPL FINANCIAL HLDGS	$0	–	-4,500	–	-0.10%	–
SCHW	Exit	The Charles Schwab Corp	$0	–	-13,672	–	-0.10%	–
ORLY	Exit	OREILLY AUTOMOTIVE I	$0	–	-1,400	–	-0.10%	–
HDB	Exit	HDFC BANK LTDsponsored ads	$0	–	-17,500	–	-0.11%	–
WSM	Exit	Williams Sonoma Inc	$0	–	-8,825	–	-0.11%	–
UHAL	Exit	AMERCO	$0	–	-2,070	–	-0.11%	–
RJF	Exit	RAYMOND JAMES FINL	$0	–	-10,950	–	-0.12%	–
AJG	Exit	Arthur J. Gallagher & Co.	$0	–	-6,415	–	-0.12%	–
IVOL	Exit	Kraneshares Quadratic Interest Rate and Volatility ETFquadrtc int rt	$0	–	-51,479	–	-0.12%	–
LOW	Exit	Lowe's Companies Inc	$0	–	-6,455	–	-0.13%	–
DIS	Exit	Walt Disney Co	$0	–	-13,235	–	-0.13%	–
AXP	Exit	American Express Co	$0	–	-9,254	–	-0.13%	–
BND	Exit	Vanguard Total Bond Market ETFtotal bnd mrkt	$0	–	-18,520	–	-0.14%	–
LBRDK	Exit	LIBERTY BROADBAND	$0	–	-19,000	–	-0.15%	–
AEM	Exit	AGNICO EAGLE MINES	$0	–	-34,205	–	-0.15%	–
	Exit	Warner Bros. Discovery, Inc	$0	–	-132,204	–	-0.16%	–
UNP	Exit	Union Pacific Corp	$0	–	-8,035	–	-0.17%	–
MS	Exit	Morgan Stanley	$0	–	-20,140	–	-0.17%	–
TRP	Exit	TC ENERGY	$0	–	-40,950	–	-0.18%	–
GIL	Exit	GILDAN ACTIVEWEAR	$0	–	-59,710	–	-0.18%	–
AMZN	Exit	Amazon.com Inc	$0	–	-15,045	–	-0.18%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-23,100	–	-0.19%	–
TPL	Exit	TEXAS PACIFIC LAND	$0	–	-1,000	–	-0.19%	–
FICO	Exit	FAIR ISAAC INC	$0	–	-4,400	–	-0.19%	–
AMT	Exit	American Tower Corp	$0	–	-8,600	–	-0.20%	–
EMQQ	Exit	Emerging Markets Internet and Ecommerce ETFemqq em intern	$0	–	-69,828	–	-0.20%	–
TSLA	Exit	Tesla Motors Inc.	$0	–	-7,128	–	-0.20%	–
NVR	Exit	NVR INC	$0	–	-500	–	-0.21%	–
BIP	Exit	Brookfield Infra Ptnr LPUlp int unit	$0	–	-56,314	–	-0.22%	–
SJNK	Exit	SPDR SER TRbloomberg sht te	$0	–	-86,995	–	-0.22%	–
HBM	Exit	HUDBAY MINERALS	$0	–	-521,600	–	-0.22%	–
LUV	Exit	Southwest Airlines Co	$0	–	-71,315	–	-0.23%	–
AMGN	Exit	Amgen Inc	$0	–	-9,892	–	-0.24%	–
WMT	Exit	Walmart Inc	$0	–	-17,749	–	-0.24%	–
TXN	Exit	Texas Instruments-Cum Rts	$0	–	-14,840	–	-0.24%	–
DD	Exit	DuPont de Nemours Inc	$0	–	-48,995	–	-0.26%	–
DE	Exit	Deere & Co	$0	–	-7,426	–	-0.26%	–
GRPU	Exit	GRANITE REAL ESTATEunit 99/99/9999	$0	–	-51,260	–	-0.26%	–
SU	Exit	Suncor Energy Inc	$0	–	-88,332	–	-0.26%	–
SBAC	Exit	SBA Communications CL-Acl a	$0	–	-9,424	–	-0.28%	–
ETN	Exit	Eaton Corporation	$0	–	-22,505	–	-0.32%	–
SVOL	Exit	Simplify Volatility ETFvolatility prem	$0	–	-152,011	–	-0.34%	–
MA	Exit	Mastercard Inc Cl-Acl a	$0	–	-11,535	–	-0.35%	–
AQN	Exit	ALGONQUIN PWR&UTIL	$0	–	-303,550	–	-0.35%	–
CI	Exit	CIGNA CORP	$0	–	-12,245	–	-0.36%	–
CVS	Exit	CVS Health Corporation	$0	–	-35,650	–	-0.36%	–
BCE	Exit	BCE Inc	$0	–	-82,194	–	-0.37%	–
AVGO	Exit	Broadcom Inc	$0	–	-8,145	–	-0.38%	–
	Exit	BRP INC	$0	–	-60,575	–	-0.40%	–
DHR	Exit	DANAHER CORP	$0	–	-14,840	–	-0.41%	–
NOA	Exit	NORTH AMERICAN CONST	$0	–	-412,800	–	-0.42%	–
VCSH	Exit	Vanguard Short-Term Corp Bond ETFshrt trm corp bd	$0	–	-55,350	–	-0.44%	–
FSV	Exit	FIRSTSERVICE CORP	$0	–	-36,644	–	-0.47%	–
BAC	Exit	Bank of America	$0	–	-149,175	–	-0.48%	–
NKE	Exit	NIKE Inc Cl-Bcl b	$0	–	-54,862	–	-0.48%	–
DFS	Exit	Discover Financial Services	$0	–	-50,276	–	-0.48%	–
SYY	Exit	Sysco Corp	$0	–	-65,880	–	-0.50%	–
ADP	Exit	Automatc Data Proc	$0	–	-21,700	–	-0.52%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-190,315	–	-0.62%	–
DSGX	Exit	Descartes Systems Group Inc	$0	–	-93,714	–	-0.64%	–
CNQ	Exit	Canadian Natural Resources Limited	$0	–	-131,242	–	-0.65%	–
CAE	Exit	CAE Inc	$0	–	-408,276	–	-0.67%	–
ENB	Exit	Enbridge Inc	$0	–	-171,920	–	-0.68%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-134,781	–	-0.68%	–
BAH	Exit	Booz Allen Hamilton Holdings Acl a	$0	–	-70,060	–	-0.69%	–
PEP	Exit	PepsiCo Inc	$0	–	-42,525	–	-0.74%	–
NTR	Exit	NUTRIEN LTD	$0	–	-83,140	–	-0.74%	–
TU	Exit	Telus Corporation	$0	–	-351,645	–	-0.74%	–
GLD	Exit	SPDR Gold Trust ETF	$0	–	-45,418	–	-0.75%	–
ABBV	Exit	AbbVie Inc	$0	–	-53,472	–	-0.76%	–
LLY	Exit	Eli Lilly & Co	$0	–	-23,033	–	-0.79%	–
ANTM	Exit	Elevance Health Inc.	$0	–	-20,452	–	-0.99%	–
GOOGL	Exit	Alphabet Inc Cl Acap stk cl a	$0	–	-97,519	–	-0.99%	–
CCJ	Exit	Cameco Corporation	$0	–	-351,236	–	-0.99%	–
AON	Exit	Aon PLC Cl A	$0	–	-36,446	–	-1.04%	–
ET	Exit	Energy Transfer LP	$0	–	-1,004,250	–	-1.18%	–
FRC	Exit	First Republic Bank	$0	–	-87,590	–	-1.21%	–
ACN	Exit	Accenture PLC Cl-A	$0	–	-44,729	–	-1.22%	–
INTU	Exit	INTUIT	$0	–	-32,150	–	-1.32%	–
TD	Exit	Toronto-Dominion Bank	$0	–	-204,406	–	-1.34%	–
SHW	Exit	Sherwin-Williams Co	$0	–	-67,106	–	-1.46%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-100,070	–	-1.80%	–
ABT	Exit	Abbott Laboratories	$0	–	-177,358	–	-1.82%	–
HD	Exit	Home Depot Inc	$0	–	-72,659	–	-2.13%	–
ADI	Exit	Analog Devices Inc	$0	–	-146,028	–	-2.16%	–
LIN	Exit	LINDE PLC	$0	–	-76,293	–	-2.18%	–
JNJ	Exit	Johnson & Johnson	$0	–	-129,016	–	-2.24%	–
BMO	Exit	Bank of Montreal	$0	–	-246,774	–	-2.30%	–
AAPL	Exit	Apple Inc	$0	–	-157,611	–	-2.31%	–
MMC	Exit	Marsh & McLennan Companies, Inc	$0	–	-147,895	–	-2.34%	–
SPGI	Exit	S&P GLOBAL INC	$0	–	-89,853	–	-2.91%	–
COST	Exit	Costco Wholesale Corp	$0	–	-59,823	–	-3.00%	–
V	Exit	Visa Inc Cl-A	$0	–	-159,904	–	-3.02%	–
CNI	Exit	Canadian National Railway Co	$0	–	-268,693	–	-3.09%	–
TMO	Exit	Thermo Fisher Scientific Inc	$0	–	-57,477	–	-3.10%	–
RCI	Exit	Rogers Communications Inc Cl-Bcl b	$0	–	-756,862	–	-3.10%	–
CP	Exit	Canadian Pacific Railway Ltd	$0	–	-480,062	–	-3.41%	–
GOOG	Exit	Alphabet Inc Cl-Ccap stk cl c	$0	–	-374,505	–	-3.82%	–
RY	Exit	Royal Bank of Canada	$0	–	-412,444	–	-3.95%	–
UNH	Exit	UnitedHealth Group Inc	$0	–	-75,402	–	-4.04%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-939,358	–	-4.09%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-193,281	–	-4.78%	–

Q3 2022

			Value		Shares		↓ Weighting
MSFT	Sell	MICROSOFT CORP	$45,015,000	-9.7%	193,281	-0.5%	4.78%	+0.4%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vt sh	$38,514,000	-12.7%	939,358	-5.4%	4.09%	-2.9%
UNH	Sell	UnitedHealth Group Inc	$38,081,000	-1.9%	75,402	-0.2%	4.04%	+9.2%
RY	Sell	Royal Bank of Canada	$37,233,000	-10.5%	412,444	-4.1%	3.95%	-0.4%
GOOG	Buy	Alphabet Inc Cl-Ccap stk cl c	$36,008,000	-8.3%	374,505	+1986.3%	3.82%	+2.1%
CP	Buy	Canadian Pacific Railway Ltd	$32,125,000	-2.2%	480,062	+2.1%	3.41%	+8.9%
RCI	Buy	Rogers Communications Inc Cl-Bcl b	$29,213,000	-19.2%	756,862	+0.4%	3.10%	-10.0%
TMO	Buy	Thermo Fisher Scientific Inc	$29,152,000	-3.1%	57,477	+3.8%	3.10%	+7.8%
CNI	Buy	Canadian National Railway Co	$29,091,000	-2.4%	268,693	+1.4%	3.09%	+8.6%
V	Buy	Visa Inc Cl-A	$28,407,000	-7.7%	159,904	+2.3%	3.02%	+2.7%
COST	Sell	Costco Wholesale Corp	$28,253,000	-2.1%	59,823	-0.6%	3.00%	+8.9%
SPGI	Sell	S&P GLOBAL INC	$27,437,000	-12.9%	89,853	-3.8%	2.91%	-3.0%
MMC	Buy	Marsh & McLennan Companies, Inc	$22,079,000	-3.8%	147,895	+0.1%	2.34%	+7.1%
AAPL	Sell	Apple Inc	$21,782,000	-8.2%	157,611	-9.2%	2.31%	+2.2%
BMO	Sell	Bank of Montreal	$21,683,000	-9.3%	246,774	-0.7%	2.30%	+1.0%
JNJ	Buy	Johnson & Johnson	$21,075,000	-7.5%	129,016	+0.5%	2.24%	+2.9%
LIN	Sell	LINDE PLC	$20,567,000	-6.7%	76,293	-0.5%	2.18%	+3.8%
ADI	Buy	Analog Devices Inc	$20,348,000	+7.1%	146,028	+12.3%	2.16%	+19.2%
HD	Sell	Home Depot Inc	$20,049,000	-5.2%	72,659	-5.7%	2.13%	+5.6%
ABT	Sell	Abbott Laboratories	$17,162,000	-16.4%	177,358	-6.1%	1.82%	-6.9%
DEO	Sell	DIAGEO P L Cspon adr new	$16,993,000	-5.6%	100,070	-3.2%	1.80%	+5.0%
SHW	Sell	Sherwin-Williams Co	$13,740,000	-20.7%	67,106	-13.3%	1.46%	-11.8%
TD	Buy	Toronto-Dominion Bank	$12,577,000	+4.3%	204,406	+11.1%	1.34%	+16.1%
INTU	Sell	INTUIT	$12,453,000	+0.1%	32,150	-0.4%	1.32%	+11.4%
ACN	Sell	Accenture PLC Cl-A	$11,508,000	-36.6%	44,729	-31.6%	1.22%	-29.5%
FRC	Sell	First Republic Bank	$11,435,000	-10.7%	87,590	-1.3%	1.21%	-0.7%
ET	Sell	Energy Transfer LP	$11,077,000	+7.1%	1,004,250	-3.1%	1.18%	+19.1%
AON	Sell	Aon PLC Cl A	$9,763,000	-2.1%	36,446	-1.4%	1.04%	+9.0%
CCJ	Sell	Cameco Corporation	$9,362,000	+11.7%	351,236	-12.0%	0.99%	+24.2%
GOOGL	Buy	Alphabet Inc Cl Acap stk cl a	$9,328,000	-8.7%	97,519	+1979.7%	0.99%	+1.6%
ANTM	Buy	Elevance Health Inc.	$9,290,000	-4.1%	20,452	+1.8%	0.99%	+6.7%
LLY	Buy	Eli Lilly & Co	$7,448,000	+9.2%	23,033	+9.5%	0.79%	+21.5%
ABBV	Buy	AbbVie Inc	$7,176,000	+8.0%	53,472	+23.2%	0.76%	+20.2%
GLD	Sell	SPDR Gold Trust ETF	$7,025,000	-8.2%	45,418	-0.1%	0.75%	+2.2%
TU	Buy	Telus Corporation	$7,017,000	+9.4%	351,645	+21.8%	0.74%	+21.7%
NTR	Sell	NUTRIEN LTD	$6,971,000	+1.9%	83,140	-3.4%	0.74%	+13.3%
PEP	Buy	PepsiCo Inc	$6,943,000	+4.1%	42,525	+6.2%	0.74%	+15.7%
BAH	Buy	Booz Allen Hamilton Holdings Acl a	$6,470,000	+49.1%	70,060	+45.9%	0.69%	+65.9%
BNS	Sell	Bank of Nova Scotia	$6,426,000	-31.3%	134,781	-14.7%	0.68%	-23.5%
ENB	Sell	Enbridge Inc	$6,404,000	-19.6%	171,920	-9.0%	0.68%	-10.5%
CAE	Sell	CAE Inc	$6,285,000	-73.6%	408,276	-57.8%	0.67%	-70.7%
CNQ	Buy	Canadian Natural Resources Limited	$6,137,000	-11.7%	131,242	+1.3%	0.65%	-1.7%
PBA	Sell	Pembina Pipeline Corp	$5,793,000	-17.1%	190,315	-3.7%	0.62%	-7.8%
ADP	New	Automatc Data Proc	$4,909,000	–	21,700	–	0.52%	–
SYY	New	Sysco Corp	$4,658,000	–	65,880	–	0.50%	–
DFS	Sell	Discover Financial Services	$4,571,000	-4.1%	50,276	-0.2%	0.48%	+6.6%
NKE	Sell	NIKE Inc Cl-Bcl b	$4,560,000	-27.7%	54,862	-11.1%	0.48%	-19.6%
BAC	Buy	Bank of America	$4,505,000	+11.0%	149,175	+14.5%	0.48%	+23.5%
FSV	Buy	FIRSTSERVICE CORP	$4,385,000	-0.7%	36,644	+0.4%	0.47%	+10.4%
VCSH	Buy	Vanguard Short-Term Corp Bond ETFshrt trm corp bd	$4,111,000	+9.1%	55,350	+12.0%	0.44%	+21.4%
DHR	Sell	DANAHER CORP	$3,833,000	-14.9%	14,840	-16.5%	0.41%	-5.3%
	Buy	BRP INC	$3,751,000	+20.3%	60,575	+19.3%	0.40%	+33.6%
AVGO	Buy	Broadcom Inc	$3,616,000	-5.2%	8,145	+3.8%	0.38%	+5.5%
BCE	Buy	BCE Inc	$3,460,000	+9.9%	82,194	+28.2%	0.37%	+22.3%
CI	Buy	CIGNA CORP	$3,398,000	+5.8%	12,245	+0.5%	0.36%	+18.0%
CVS	Sell	CVS Health Corporation	$3,400,000	-31.3%	35,650	-33.2%	0.36%	-23.5%
AQN	Sell	ALGONQUIN PWR&UTIL	$3,334,000	-46.5%	303,550	-34.6%	0.35%	-40.4%
MA	Sell	Mastercard Inc Cl-Acl a	$3,280,000	-10.8%	11,535	-1.1%	0.35%	-0.9%
SVOL	Buy	Simplify Volatility ETFvolatility prem	$3,177,000	-0.2%	152,011	+5.9%	0.34%	+10.9%
ETN	Buy	Eaton Corporation	$3,001,000	+94.7%	22,505	+83.9%	0.32%	+117.0%
SU	Buy	Suncor Energy Inc	$2,493,000	-19.4%	88,332	+0.2%	0.26%	-10.2%
GRPU	Buy	GRANITE REAL ESTATEunit 99/99/9999	$2,487,000	-2.8%	51,260	+22.6%	0.26%	+8.2%
DE	New	Deere & Co	$2,479,000	–	7,426	–	0.26%	–
DD	Sell	DuPont de Nemours Inc	$2,470,000	-9.4%	48,995	-0.2%	0.26%	+0.8%
WMT	Sell	Walmart Inc	$2,302,000	+5.6%	17,749	-1.0%	0.24%	+17.3%
TXN	Sell	Texas Instruments-Cum Rts	$2,297,000	-2.9%	14,840	-3.6%	0.24%	+8.0%
LUV	Buy	Southwest Airlines Co	$2,199,000	-14.6%	71,315	+0.1%	0.23%	-4.9%
SJNK	Sell	SPDR SER TRbloomberg sht te	$2,069,000	-4.7%	86,995	-3.3%	0.22%	+6.3%
BIP	Buy	Brookfield Infra Ptnr LPUlp int unit	$2,024,000	+0.2%	56,314	+6.5%	0.22%	+11.4%
NVR	Sell	NVR INC	$1,994,000	-14.9%	500	-14.5%	0.21%	-4.9%
TSLA	Buy	Tesla Motors Inc.	$1,891,000	+18.2%	7,128	+200.0%	0.20%	+31.4%
EMQQ	Sell	Emerging Markets Internet and Ecommerce ETFemqq em intern	$1,861,000	-18.0%	69,828	-0.5%	0.20%	-8.8%
AMT	Sell	American Tower Corp	$1,846,000	-57.7%	8,600	-49.6%	0.20%	-52.9%
TPL	Sell	TEXAS PACIFIC LAND	$1,777,000	-0.5%	1,000	-16.7%	0.19%	+11.2%
GIB	Buy	CGI INCcl a sub vtg	$1,748,000	+15.8%	23,100	+21.6%	0.19%	+29.2%
AMZN	Sell	Amazon.com Inc	$1,700,000	-47.0%	15,045	-50.2%	0.18%	-40.8%
GIL	Buy	GILDAN ACTIVEWEAR	$1,697,000	+19.6%	59,710	+20.9%	0.18%	+33.3%
TRP	Buy	TC ENERGY	$1,659,000	+174.2%	40,950	+250.0%	0.18%	+203.4%
MS	Sell	Morgan Stanley	$1,592,000	+2.8%	20,140	-1.0%	0.17%	+14.2%
UNP	Buy	Union Pacific Corp	$1,566,000	+82.1%	8,035	+99.1%	0.17%	+102.4%
	Sell	Warner Bros. Discovery, Inc	$1,520,000	-50.5%	132,204	-42.2%	0.16%	-45.1%
LBRDK	Sell	LIBERTY BROADBAND	$1,402,000	-47.3%	19,000	-17.4%	0.15%	-41.3%
BND	Buy	Vanguard Total Bond Market ETFtotal bnd mrkt	$1,321,000	+28.3%	18,520	+35.4%	0.14%	+42.9%
AXP	Buy	American Express Co	$1,248,000	+226.7%	9,254	+236.0%	0.13%	+269.4%
DIS	Buy	Walt Disney Co	$1,248,000	+0.2%	13,235	+0.3%	0.13%	+11.8%
LOW	Buy	Lowe's Companies Inc	$1,213,000	+10.5%	6,455	+2.7%	0.13%	+22.9%
IVOL	Buy	Kraneshares Quadratic Interest Rate and Volatility ETFquadrtc int rt	$1,141,000	-12.2%	51,479	+0.4%	0.12%	-2.4%
AJG	Buy	Arthur J. Gallagher & Co.	$1,099,000	+75.0%	6,415	+66.6%	0.12%	+95.0%
RJF	Sell	RAYMOND JAMES FINL	$1,082,000	+7.1%	10,950	-3.1%	0.12%	+19.8%
UHAL	New	AMERCO	$1,054,000	–	2,070	–	0.11%	–
HDB	Buy	HDFC BANK LTDsponsored ads	$1,022,000	+16.3%	17,500	+9.4%	0.11%	+29.8%
ORLY	Buy	OREILLY AUTOMOTIVE I	$985,000	+73.1%	1,400	+55.6%	0.10%	+94.4%
LPLA	New	LPL FINANCIAL HLDGS	$983,000	–	4,500	–	0.10%	–
SCHW	New	The Charles Schwab Corp	$982,000	–	13,672	–	0.10%	–
GDDY	New	GODADDY INCcl a	$975,000	–	13,750	–	0.10%	–
AZO	Buy	AUTOZONE INC	$964,000	+7.5%	450	+7.9%	0.10%	+18.6%
IBKR	New	INTERACTIVE BROKERS	$959,000	–	15,000	–	0.10%	–
STZ	New	Constellation Brands Inc Cl-Acl a	$927,000	–	4,035	–	0.10%	–
TMUS	New	T-MOBILE US INC	$906,000	–	6,750	–	0.10%	–
BKNG	Sell	BOOKING HLDGS INC	$904,000	-24.5%	550	-19.7%	0.10%	-15.8%
CSX	Buy	CSX CORP	$892,000	+57.3%	33,500	+71.8%	0.10%	+75.9%
FISV	New	FISERV INC	$889,000	–	9,500	–	0.09%	–
MAR	Buy	MARRIOTT INTL INCcl a	$876,000	+71.8%	6,250	+66.7%	0.09%	+89.8%
EA	New	ELECTRONIC ARTS INC	$868,000	–	7,500	–	0.09%	–
TSM	Buy	TAIWAN SEMICONDUCTORsponsored ads	$857,000	-5.5%	12,500	+12.6%	0.09%	+4.6%
BSV	Buy	Vanguard Short-Term Bond ETFshort trm bond	$846,000	+0.5%	11,315	+3.2%	0.09%	+12.5%
BRO	Buy	BROWN & BROWN INC	$847,000	+45.3%	14,000	+40.0%	0.09%	+60.7%
HLT	Buy	HILTON WRLDWDE HLDGS	$844,000	+89.2%	7,000	+75.0%	0.09%	+109.3%
MNST	Buy	Monster Beverage Corp	$795,000	+39.7%	9,141	+48.9%	0.08%	+55.6%
FCX	Sell	Freeport-Mcmoran Copper&Goldcl b	$750,000	-70.6%	27,460	-68.5%	0.08%	-67.2%
BLK	Sell	Blackrock Inc	$701,000	-53.9%	1,275	-49.0%	0.07%	-49.0%
TDG	New	TRANSDIGM GROUP	$682,000	–	1,300	–	0.07%	–
CPG	Buy	Crescent Point Energy Corp.	$649,000	+357.0%	105,100	+425.5%	0.07%	+392.9%
FIX	New	COMFORT SYS USA INC	$608,000	–	6,250	–	0.06%	–
TFII	Sell	TFI INTERNATIONAL	$600,000	-53.5%	6,600	-59.0%	0.06%	-48.0%
ERF	Buy	ENERPLUS CORP	$595,000	+68.6%	41,840	+56.1%	0.06%	+85.3%
KMLM	New	KFA Moutn Lucas Index Strategy ETFkfa mount lucas	$589,000	–	15,360	–	0.06%	–
XLU	Sell	Sector SPDR Tr-Utilitiessbi int-utils	$527,000	-45.8%	8,038	-42.0%	0.06%	-39.8%
PM	Sell	Philip Morris International Inc	$507,000	-91.1%	6,100	-89.4%	0.05%	-90.1%
VET	Sell	Vermilion Energy Inc	$513,000	-28.9%	23,813	-37.3%	0.05%	-21.7%
BKLN	Sell	INVESCO EXCHNG TRADEsr ln etf	$491,000	-10.6%	24,300	-10.3%	0.05%	0.0%
SLF	Sell	Sun Life Financial Services Canada Inc	$483,000	-59.0%	12,104	-52.9%	0.05%	-54.5%
XLRE	Buy	Select Sec Rl Est Sel ETFrl est sel sec	$450,000	-11.2%	12,488	+0.7%	0.05%	0.0%
FTS	Sell	FORTIS INC	$424,000	-41.3%	11,100	-27.5%	0.04%	-34.8%
XLV	Buy	Selctr Hlth Care SPDRsbi healthcare	$397,000	-5.0%	3,281	+0.8%	0.04%	+5.0%
DPZ	New	DOMINOS PIZZA INC	$388,000	–	1,250	–	0.04%	–
VNQ	Sell	Vanguard Real Estate ETFreal estate etf	$277,000	-66.4%	3,450	-61.9%	0.03%	-63.3%
TXRH	Exit	Texas Roadhouse Inc	$0	–	-100	–	-0.00%	–
VZ	Exit	Verizon Communications Inc	$0	–	-4,150	–	-0.02%	–
IXC	Exit	iShares Global Energy ETFglobal energ etf	$0	–	-6,989	–	-0.02%	–
BCI	Exit	Aberdeen Bloomberg All Commodity Strategy K- ETF	$0	–	-11,436	–	-0.03%	–
CIGI	Exit	COLLIERS INTL	$0	–	-2,900	–	-0.03%	–
STN	Exit	STANTEC INC	$0	–	-7,200	–	-0.03%	–
SJR	Exit	Shaw Communications Inc -Bcl b conv	$0	–	-11,300	–	-0.03%	–
TECK	Exit	Teck Resources Ltd Bcl b	$0	–	-11,650	–	-0.03%	–
AMAT	Exit	Applied Materials Inc	$0	–	-5,155	–	-0.04%	–
MCO	Exit	Moody's Corp	$0	–	-1,841	–	-0.05%	–
DVY	Exit	iShares Select Dividend ETFselect divid etf	$0	–	-4,490	–	-0.05%	–
SBUX	Exit	Starbucks Corp	$0	–	-8,900	–	-0.06%	–
ASML	Exit	ASML Holding N.V.	$0	–	-1,615	–	-0.07%	–
KKR	Exit	KKR & CO INC	$0	–	-17,000	–	-0.08%	–
AMD	Exit	ADV MICRO DEVICES	$0	–	-10,500	–	-0.08%	–
PFE	Exit	Pfizer Inc	$0	–	-15,610	–	-0.08%	–
VIG	Exit	Vanguard Div Appr ETFdiv app etf	$0	–	-6,075	–	-0.08%	–
ICLR	Exit	ICON PLC	$0	–	-4,000	–	-0.08%	–
AVTR	Exit	AVANTOR INC	$0	–	-29,000	–	-0.09%	–
ADSK	Exit	AUTODESK INC	$0	–	-5,500	–	-0.09%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-4,500	–	-0.09%	–
SSNC	Exit	SS&C TECH HLDGS	$0	–	-22,000	–	-0.12%	–
ICE	Exit	INTER CONTINENTAL EX	$0	–	-14,000	–	-0.13%	–
EL	Exit	ESTEE LAUDER COcl a	$0	–	-5,900	–	-0.14%	–
ADBE	Exit	Adobe Systems Inc	$0	–	-4,140	–	-0.14%	–
FB	Exit	Meta Platforms Inc Cl-Acl a	$0	–	-11,288	–	-0.17%	–
GDX	Exit	VanEck Gold Miners ETFgold miners etf	$0	–	-67,845	–	-0.18%	–
WSO	Exit	WATSCO INC	$0	–	-9,850	–	-0.22%	–
KO	Exit	Coca-Cola Co	$0	–	-41,825	–	-0.25%	–
NEM	Exit	Newmont Mining Corp. (Holding Co.)	$0	–	-94,325	–	-0.54%	–

Q2 2022

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp	$49,875,000	–	194,195	–	4.76%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$44,139,000	–	992,516	–	4.21%	–
RY	New	Royal Bank of Canada	$41,602,000	–	429,896	–	3.97%	–
GOOG	New	Alphabet Inc Cl-Ccap stk cl c	$39,267,000	–	17,951	–	3.75%	–
UNH	New	UnitedHealth Group Inc	$38,821,000	–	75,582	–	3.70%	–
RCI	New	Rogers Communications Inc Cl-Bcl b	$36,136,000	–	754,182	–	3.45%	–
CP	New	Canadian Pacific Railway Ltd	$32,831,000	–	470,162	–	3.13%	–
SPGI	New	S&P Global Inc	$31,489,000	–	93,423	–	3.00%	–
V	New	Visa Inc Cl-A	$30,788,000	–	156,372	–	2.94%	–
TMO	New	Thermo Fisher Scientific Inc	$30,097,000	–	55,397	–	2.87%	–
CNI	New	Canadian National Railway Co	$29,805,000	–	265,070	–	2.84%	–
COST	New	Costco Wholesale Corp	$28,856,000	–	60,208	–	2.75%	–
BMO	New	Bank of Montreal	$23,899,000	–	248,631	–	2.28%	–
CAE	New	CAE Inc	$23,846,000	–	968,015	–	2.28%	–
AAPL	New	Apple Inc	$23,730,000	–	173,566	–	2.26%	–
MMC	New	Marsh & McLennan Companies, Inc	$22,949,000	–	147,820	–	2.19%	–
JNJ	New	Johnson & Johnson	$22,786,000	–	128,366	–	2.17%	–
LIN	New	Linde PLC	$22,048,000	–	76,678	–	2.10%	–
HD	New	Home Depot Inc	$21,139,000	–	77,072	–	2.02%	–
ABT	New	Abbott Laboratories	$20,522,000	–	188,886	–	1.96%	–
ADI	New	Analog Devices Inc	$18,998,000	–	130,046	–	1.81%	–
ACN	New	Accenture PLC Cl-A	$18,162,000	–	65,415	–	1.73%	–
DEO	New	Diageo PLC SP/ADRspon adr new	$18,006,000	–	103,410	–	1.72%	–
SHW	New	Sherwin-Williams Co	$17,336,000	–	77,423	–	1.65%	–
FRC	New	First Republic Bank	$12,803,000	–	88,788	–	1.22%	–
INTU	New	Intuit Inc	$12,436,000	–	32,264	–	1.19%	–
TD	New	Toronto-Dominion Bank	$12,061,000	–	184,049	–	1.15%	–
ET	New	Energy Transfer LP	$10,343,000	–	1,036,440	–	0.99%	–
GOOGL	New	Alphabet Inc Cl Acap stk cl a	$10,219,000	–	4,689	–	0.98%	–
AON	New	Aon PLC Cl A	$9,971,000	–	36,971	–	0.95%	–
ANTM	New	Elevance Health Inc.	$9,692,000	–	20,082	–	0.92%	–
BNS	New	Bank of Nova Scotia	$9,350,000	–	158,080	–	0.89%	–
CCJ	New	Cameco Corporation	$8,380,000	–	399,231	–	0.80%	–
ENB	New	Enbridge Inc	$7,968,000	–	188,902	–	0.76%	–
GLD	New	SPDR Gold Trust ETF	$7,655,000	–	45,441	–	0.73%	–
PBA	New	Pembina Pipeline Corp	$6,985,000	–	197,604	–	0.67%	–
CNQ	New	Canadian Natural Resources Limited	$6,953,000	–	129,542	–	0.66%	–
NTR	New	NUTRIEN LTD	$6,838,000	–	86,050	–	0.65%	–
LLY	New	Eli Lilly & Co	$6,819,000	–	21,033	–	0.65%	–
PEP	New	PepsiCo Inc	$6,671,000	–	40,030	–	0.64%	–
ABBV	New	AbbVie Inc	$6,646,000	–	43,387	–	0.63%	–
TU	New	Telus Corporation	$6,417,000	–	288,675	–	0.61%	–
NKE	New	NIKE Inc Cl-Bcl b	$6,309,000	–	61,727	–	0.60%	–
AQN	New	ALGONQUIN PWR&UTIL	$6,229,000	–	464,425	–	0.59%	–
DSGX	New	Descartes Systems Group Inc	$5,814,000	–	93,714	–	0.56%	–
PM	New	Philip Morris International Inc	$5,699,000	–	57,725	–	0.54%	–
NEM	New	Newmont Mining Corp. (Holding Co.)	$5,626,000	–	94,325	–	0.54%	–
CVS	New	CVS Health Corporation	$4,946,000	–	53,375	–	0.47%	–
DFS	New	Discover Financial Services	$4,767,000	–	50,401	–	0.46%	–
NOA	New	NORTH AMERICAN CONST	$4,522,000	–	412,800	–	0.43%	–
DHR	New	Danaher Corp	$4,505,000	–	17,770	–	0.43%	–
FSV	New	FIRSTSERVICE CORP	$4,418,000	–	36,500	–	0.42%	–
AMT	New	American Tower Corp	$4,364,000	–	17,075	–	0.42%	–
BAH	New	BOOZ ALLEN HAMILTOcl a	$4,339,000	–	48,025	–	0.41%	–
BAC	New	Bank of America	$4,057,000	–	130,325	–	0.39%	–
AVGO	New	Broadcom Inc	$3,813,000	–	7,846	–	0.36%	–
VCSH	New	Vanguard Short-Term Corp Bond ETFshrt trm corp bd	$3,769,000	–	49,425	–	0.36%	–
MA	New	Mastercard Inc Cl-Acl a	$3,679,000	–	11,660	–	0.35%	–
AMZN	New	Amazon.com Inc	$3,207,000	–	30,200	–	0.31%	–
CI	New	Cigna Corp	$3,211,000	–	12,185	–	0.31%	–
SVOL	New	Simplify Volatility ETFvolatility prem	$3,184,000	–	143,541	–	0.30%	–
BCE	New	BCE Inc	$3,148,000	–	64,120	–	0.30%	–
	New	BRP INC	$3,118,000	–	50,775	–	0.30%	–
SU	New	Suncor Energy Inc	$3,094,000	–	88,178	–	0.30%	–
	New	Warner Bros. Discovery, Inc	$3,072,000	–	228,923	–	0.29%	–
SBAC	New	SBA Communications CL-Acl a	$3,016,000	–	9,424	–	0.29%	–
DD	New	DuPont de Nemours Inc	$2,727,000	–	49,070	–	0.26%	–
LBRDK	New	LIBERTY BROADBAND	$2,660,000	–	23,000	–	0.25%	–
KO	New	Coca-Cola Co	$2,632,000	–	41,825	–	0.25%	–
LUV	New	Southwest Airlines Co	$2,574,000	–	71,265	–	0.25%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$2,554,000	–	87,300	–	0.24%	–
GRPU	New	GRANITE REAL ESTATEunit 99/99/9999	$2,558,000	–	41,800	–	0.24%	–
AMGN	New	Amgen Inc	$2,407,000	–	9,892	–	0.23%	–
TXN	New	Texas Instruments-Cum Rts	$2,365,000	–	15,390	–	0.23%	–
WSO	New	WATSCO INC	$2,353,000	–	9,850	–	0.22%	–
NVR	New	NVR INC	$2,342,000	–	585	–	0.22%	–
EMQQ	New	Emerging Markets Internet and Ecommerce ETFemqq em intern	$2,270,000	–	70,203	–	0.22%	–
WMT	New	Walmart Inc	$2,179,000	–	17,924	–	0.21%	–
SJNK	New	SPDR SER TRbloomberg sht te	$2,171,000	–	89,995	–	0.21%	–
HBM	New	HUDBAY MINERALS	$2,123,000	–	521,600	–	0.20%	–
BIP	New	Brookfield Infra Ptnr LPUlp int unit	$2,020,000	–	52,866	–	0.19%	–
GDX	New	VanEck Gold Miners ETFgold miners etf	$1,858,000	–	67,845	–	0.18%	–
FB	New	Meta Platforms Inc Cl-Acl a	$1,820,000	–	11,288	–	0.17%	–
TPL	New	TEXAS PACIFIC LAND	$1,786,000	–	1,200	–	0.17%	–
FICO	New	FAIR ISAAC INC	$1,764,000	–	4,400	–	0.17%	–
TSLA	New	Tesla Motors Inc.	$1,600,000	–	2,376	–	0.15%	–
AEM	New	AGNICO EAGLE MINES	$1,562,000	–	34,205	–	0.15%	–
MS	New	Morgan Stanley	$1,548,000	–	20,338	–	0.15%	–
ETN	New	Eaton Corporation	$1,541,000	–	12,235	–	0.15%	–
ADBE	New	Adobe Systems Inc	$1,515,000	–	4,140	–	0.14%	–
BLK	New	BLACKROCK INC	$1,522,000	–	2,500	–	0.14%	–
GIB	New	CGI INCcl a sub vtg	$1,510,000	–	19,000	–	0.14%	–
EL	New	ESTEE LAUDER COcl a	$1,502,000	–	5,900	–	0.14%	–
GIL	New	GILDAN ACTIVEWEAR	$1,419,000	–	49,400	–	0.14%	–
ICE	New	INTER CONTINENTAL EX	$1,317,000	–	14,000	–	0.13%	–
IVOL	New	KRANESHARES TRquadrtc int rt	$1,300,000	–	51,295	–	0.12%	–
TFII	New	TFI INTERNATIONAL	$1,290,000	–	16,100	–	0.12%	–
SSNC	New	SS&C TECH HLDGS	$1,278,000	–	22,000	–	0.12%	–
DIS	New	Walt Disney Co	$1,245,000	–	13,193	–	0.12%	–
BKNG	New	Booking Holdings Inc	$1,198,000	–	685	–	0.11%	–
SLF	New	Sun Life Financial Services Canada Inc	$1,177,000	–	25,696	–	0.11%	–
LOW	New	Lowe's Companies Inc	$1,098,000	–	6,287	–	0.10%	–
BND	New	Vanguard Total Bond Market ETFtotal bnd mrkt	$1,030,000	–	13,680	–	0.10%	–
RJF	New	RAYMOND JAMES FINL	$1,010,000	–	11,300	–	0.10%	–
MTN	New	VAIL RESORTS INC	$981,000	–	4,500	–	0.09%	–
WSM	New	WILLIAMS SONOMA INC	$979,000	–	8,825	–	0.09%	–
XLU	New	Sector SPDR Tr-Utilitiessbi int-utils	$972,000	–	13,859	–	0.09%	–
ADSK	New	AUTODESK INC	$946,000	–	5,500	–	0.09%	–
IQV	New	IQVIA HOLDINGS INC	$922,000	–	4,250	–	0.09%	–
TSM	New	Taiwan Semiconductor Manufacturing Co SP ADRsponsored ads	$907,000	–	11,102	–	0.09%	–
AVTR	New	AVANTOR INC	$902,000	–	29,000	–	0.09%	–
AZO	New	Autozone Inc (NV)	$897,000	–	417	–	0.09%	–
HDB	New	HDFC BANK LTDsponsored ads	$879,000	–	16,000	–	0.08%	–
ICLR	New	ICON PLC	$867,000	–	4,000	–	0.08%	–
VIG	New	Vanguard Div Appr ETFdiv app etf	$872,000	–	6,075	–	0.08%	–
UNP	New	Union Pacific Corp	$860,000	–	4,035	–	0.08%	–
BSV	New	Vanguard Short-Term Bond ETFshort trm bond	$842,000	–	10,965	–	0.08%	–
VNQ	New	Vanguard Real Estate ETFreal estate etf	$825,000	–	9,050	–	0.08%	–
PFE	New	Pfizer Inc	$818,000	–	15,610	–	0.08%	–
AMD	New	ADV MICRO DEVICES	$803,000	–	10,500	–	0.08%	–
KKR	New	KKR & CO INC	$787,000	–	17,000	–	0.08%	–
SHYG	New	ISHARES TR0-5yr hi yl cp	$781,000	–	19,250	–	0.08%	–
ASML	New	ASML Holding N.V.	$768,000	–	1,615	–	0.07%	–
FTS	New	FORTIS INC	$722,000	–	15,300	–	0.07%	–
VET	New	VERMILION ENERGY INC	$722,000	–	38,000	–	0.07%	–
SBUX	New	Starbucks Corp	$680,000	–	8,900	–	0.06%	–
AJG	New	GALLAGHER ARTHR J&CO	$628,000	–	3,850	–	0.06%	–
TRP	New	TC ENERGY	$605,000	–	11,700	–	0.06%	–
BRO	New	BROWN & BROWN INC	$583,000	–	10,000	–	0.06%	–
ORLY	New	OREILLY AUTOMOTIVE I	$569,000	–	900	–	0.05%	–
MNST	New	Monster Beverage Corp	$569,000	–	6,141	–	0.05%	–
CSX	New	CSX CORP	$567,000	–	19,500	–	0.05%	–
BKLN	New	INVESCO EXCHNG TRADEsr ln etf	$549,000	–	27,100	–	0.05%	–
DVY	New	iShares Select Dividend ETFselect divid etf	$528,000	–	4,490	–	0.05%	–
MAR	New	MARRIOTT INTL INCcl a	$510,000	–	3,750	–	0.05%	–
MCO	New	Moody's Corp	$501,000	–	1,841	–	0.05%	–
XLRE	New	Select Sec Rl Est Sel ETFrl est sel sec	$507,000	–	12,405	–	0.05%	–
AMAT	New	Applied Materials Inc	$469,000	–	5,155	–	0.04%	–
HLT	New	HILTON WRLDWDE HLDGS	$446,000	–	4,000	–	0.04%	–
AZN	New	AstraZeneca PLC ADRsponsored adr	$436,000	–	6,595	–	0.04%	–
XLV	New	Selctr Hlth Care SPDRsbi healthcare	$418,000	–	3,254	–	0.04%	–
ICLN	New	ISHARESgl clean ene etf	$389,000	–	20,400	–	0.04%	–
AXP	New	American Express Co	$382,000	–	2,754	–	0.04%	–
PEJ	New	INVESCO EXCHANGETRADdynmc leisure	$366,000	–	10,100	–	0.04%	–
TECK	New	Teck Resources Ltd Bcl b	$356,000	–	11,650	–	0.03%	–
ERF	New	ENERPLUS CORP	$353,000	–	26,800	–	0.03%	–
EMR	New	Emerson Electric Co	$335,000	–	4,210	–	0.03%	–
SJR	New	Shaw Communications Inc -Bcl b conv	$332,000	–	11,300	–	0.03%	–
PSX	New	Phillips 66	$328,000	–	3,995	–	0.03%	–
STN	New	STANTEC INC	$315,000	–	7,200	–	0.03%	–
CIGI	New	COLLIERS INTL	$317,000	–	2,900	–	0.03%	–
BCI	New	Aberdeen Bloomberg All Commodity Strategy K- ETF	$311,000	–	11,436	–	0.03%	–
CM	New	Canadian Imperial Bank of Commerce	$292,000	–	6,008	–	0.03%	–
KEYS	New	Keysight Technologies Inc	$288,000	–	2,090	–	0.03%	–
IXC	New	iShares Global Energy ETFglobal energ etf	$237,000	–	6,989	–	0.02%	–
VZ	New	Verizon Communications Inc	$211,000	–	4,150	–	0.02%	–
TSI	New	TCW Strategic Income Fund	$169,000	–	35,045	–	0.02%	–
CPG	New	Crescent Point Energy Corp.	$142,000	–	20,000	–	0.01%	–
BKT	New	BlackRock Income Trust	$147,000	–	32,385	–	0.01%	–
TXRH	New	Texas Roadhouse Inc	$7,000	–	100	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
MKL	Exit	Markel Corp Holding	$0	–	-100	–	-0.01%	–
MFC	Exit	Manulife Financial Corporation	$0	–	-8,617	–	-0.01%	–
SYK	Exit	Stryker Corp	$0	–	-700	–	-0.02%	–
AEM	Exit	AGNICO EAGLE MINES	$0	–	-3,800	–	-0.02%	–
TSI	Exit	TCW Strategic Income Fund	$0	–	-35,045	–	-0.02%	–
ERO	Exit	ERO COPPER CORP	$0	–	-12,000	–	-0.02%	–
ERF	Exit	ENERPLUS CORP	$0	–	-25,900	–	-0.02%	–
	Exit	PEMBINA PIPELINE	$0	–	-10,000	–	-0.02%	–
BKT	Exit	BlackRock Income Trust	$0	–	-43,885	–	-0.02%	–
EWU	Exit	iShares MSCI United Kingdom ETFmsci uk etf new	$0	–	-9,496	–	-0.02%	–
BCI	Exit	Aberdeen Bloomberg All Commodity Strategy K- ETF	$0	–	-11,264	–	-0.03%	–
BND	Exit	Vanguard Total Bond Market ETFtotal bnd mkt	$0	–	-3,805	–	-0.03%	–
IXC	Exit	iShares Global Energy ETFglobal energ etf	$0	–	-12,312	–	-0.03%	–
BKNG	Exit	BOOKING HLDGS INC	$0	–	-150	–	-0.03%	–
XLE	Exit	Energy Select Sec SPDRenergy	$0	–	-7,500	–	-0.03%	–
XLC	Exit	Select Sector Communications Services SPDR Fund	$0	–	-4,900	–	-0.03%	–
NOC	Exit	NORTHROP GRUMMAN CO	$0	–	-1,100	–	-0.03%	–
	Exit	PEMBINA PIPELINE	$0	–	-20,000	–	-0.03%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-300	–	-0.03%	–
TPB	Exit	TURNING POINT BRANDS	$0	–	-8,500	–	-0.03%	–
TMUS	Exit	T-MOBILE US INC	$0	–	-3,250	–	-0.03%	–
XLF	Exit	Sector Spdr Tr Int-Finlfinancial	$0	–	-11,479	–	-0.04%	–
SAM	Exit	BOSTON BEER INCcl a	$0	–	-850	–	-0.04%	–
WPM	Exit	WHEATON PRECIOUS MET	$0	–	-11,200	–	-0.04%	–
FLJP	Exit	Franklin Temp FTSE Japan ETFftse japan etf	$0	–	-14,242	–	-0.04%	–
MNST	Exit	Monster Beverage Corp	$0	–	-5,141	–	-0.04%	–
VET	Exit	Vermilion Energy Inc	$0	–	-45,313	–	-0.04%	–
HII	Exit	HUNTINGTON INGALLS	$0	–	-2,400	–	-0.04%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-100,000	–	-0.04%	–
IHDG	Exit	Wisdomtree Intl Hedged Quality Div Growthitl ddg qtly div	$0	–	-11,000	–	-0.04%	–
KEYS	Exit	Keysight Technologies Inc	$0	–	-2,875	–	-0.04%	–
BSV	Exit	Vanguard Short-Term Bond ETFshort trm bond	$0	–	-5,810	–	-0.04%	–
OTEX	Exit	Open Text Corporation	$0	–	-9,700	–	-0.04%	–
RORO	Exit	Tidal ATAC US Rotation ETFatac us rotation	$0	–	-21,142	–	-0.04%	–
ICLN	Exit	ISHARESgl clean ene etf	$0	–	-23,500	–	-0.04%	–
XLRE	Exit	Select Sec Rl Est Sel ETFrl est sel sec	$0	–	-11,934	–	-0.04%	–
SLF	Exit	Sun Life Financial Services Canada Inc	$0	–	-10,122	–	-0.04%	–
PEJ	Exit	INVESCO EXCHANGETRADdynmc leisure	$0	–	-10,900	–	-0.04%	–
LOW	Exit	Lowe's Companies Inc	$0	–	-2,737	–	-0.04%	–
EMR	Exit	Emerson Electric Co	$0	–	-5,895	–	-0.05%	–
GIL	Exit	GILDAN ACTIVEWEAR	$0	–	-16,500	–	-0.05%	–
MCO	Exit	MOODYS CORP	$0	–	-1,700	–	-0.05%	–
BKLN	Exit	INVESCO EXCHNG TRADEsr ln etf	$0	–	-27,100	–	-0.05%	–
AXP	Exit	American Express Co	$0	–	-3,650	–	-0.05%	–
IEFA	Exit	iShares Core MSCI EAFE ETFcore msci eafe	$0	–	-8,621	–	-0.05%	–
RJF	Exit	RAYMOND JAMES FINL	$0	–	-7,050	–	-0.05%	–
SSNC	Exit	SS&C TECH HLDGS	$0	–	-10,000	–	-0.06%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-2,000	–	-0.06%	–
IEMG	Exit	iShares Core MSCI Emerging Markets ETFcore msci emkt	$0	–	-11,294	–	-0.06%	–
ADBE	Exit	Adobe Systems Inc	$0	–	-1,235	–	-0.06%	–
VNQ	Exit	Vanguard Real Estate Etf .real estate etf	$0	–	-7,250	–	-0.06%	–
BIL	Exit	SPDR Bloomberg Barclays 1-3 mth T-Billspdr bloomberg	$0	–	-8,373	–	-0.06%	–
ROP	Exit	ROPER TECHNOLOGIES	$0	–	-1,800	–	-0.07%	–
AMAT	Exit	Applied Materials Inc	$0	–	-6,485	–	-0.07%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-1,750	–	-0.07%	–
VIG	Exit	Vanguard Div Appr ETFdiv app etf	$0	–	-5,700	–	-0.07%	–
SHYG	Exit	ISHARES TR0-5yr hi yl cp	$0	–	-19,250	–	-0.07%	–
DVY	Exit	iShares Select Dividend ETFselect div etf	$0	–	-8,160	–	-0.08%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-13,000	–	-0.08%	–
BRO	Exit	BROWN & BROWN INC	$0	–	-17,500	–	-0.08%	–
IJR	Exit	iShares Core S&P Small-Cap ETFcore s&p scp etf	$0	–	-8,898	–	-0.08%	–
VZ	Exit	VERIZON COMMUNICATIO	$0	–	-18,500	–	-0.08%	–
IJH	Exit	iShares Core S&P Mid-Cap ETFcore s&p mcp etf	$0	–	-3,864	–	-0.08%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-8,200	–	-0.09%	–
TJX	Exit	TJX Companies, Inc	$0	–	-16,246	–	-0.09%	–
ADSK	Exit	AUTODESK INC	$0	–	-3,800	–	-0.09%	–
IAU	Exit	iShares Gold Trust ETFishares new	$0	–	-34,632	–	-0.10%	–
WU	Exit	THE WESTERN UNION	$0	–	-57,300	–	-0.10%	–
TFII	Exit	TFI INTERNATIONAL	$0	–	-12,100	–	-0.10%	–
ATVI	Exit	Activision Blizzard Inc	$0	–	-16,550	–	-0.10%	–
TECK	Exit	Teck Resources Ltd Bcl b	$0	–	-53,250	–	-0.11%	–
HBM	Exit	HUDBAY MINERALS	$0	–	-218,500	–	-0.11%	–
BSX	Exit	BOSTON SCIENTIFIC	$0	–	-32,000	–	-0.11%	–
FTS	Exit	FORTIS INC	$0	–	-32,200	–	-0.12%	–
TPL	Exit	TEXAS PACIFIC LAND	$0	–	-1,225	–	-0.12%	–
SBUX	Exit	Starbucks Corp	$0	–	-13,400	–	-0.12%	–
WSO	Exit	Watsco Inc	$0	–	-5,700	–	-0.12%	–
IVOL	Exit	Kraneshares Quadratic Interest Rate ETFquadrtc int rt	$0	–	-55,362	–	-0.13%	–
EBAY	Exit	EBAY INC	$0	–	-23,000	–	-0.13%	–
EA	Exit	ELECTRONIC ARTS INC	$0	–	-11,500	–	-0.13%	–
ICE	Exit	Intercontinental Exchange	$0	–	-14,700	–	-0.14%	–
KL	Exit	KIRKLAND LAKE GOLD	$0	–	-43,107	–	-0.15%	–
WCN	Exit	WASTE CONNECTIONS	$0	–	-14,250	–	-0.15%	–
CM	Exit	Canadian Imperial Bank of Commerce	$0	–	-16,274	–	-0.15%	–
IBKR	Exit	INTERACTIVE BROKERS	$0	–	-30,000	–	-0.15%	–
SJNK	Exit	SPDR SER TRbloomberg srt tr	$0	–	-68,600	–	-0.15%	–
IVV	Exit	iShares Core S&P 500 ETFcore s&p mcp etf	$0	–	-4,412	–	-0.16%	–
TSLA	Exit	Tesla Motors Inc.	$0	–	-2,570	–	-0.16%	–
FISV	Exit	FISERV INC	$0	–	-18,500	–	-0.16%	–
ETN	Exit	Eaton Corporation	$0	–	-13,820	–	-0.17%	–
CACI	Exit	CACI INTERNATIONALcl a	$0	–	-8,250	–	-0.18%	–
PXD	Exit	Pioneer Natural Res Co	$0	–	-13,611	–	-0.19%	–
CHTR	Exit	CHARTER COMMUNICATIOcl a	$0	–	-3,175	–	-0.19%	–
GRPU	Exit	GRANITE REAL ESTATEunit 99/99/9999	$0	–	-33,200	–	-0.19%	–
BCE	Exit	BCE Inc	$0	–	-47,112	–	-0.19%	–
DIS	Exit	Walt Disney Co	$0	–	-14,042	–	-0.20%	–
PEP	Exit	PepsiCo, Inc	$0	–	-16,612	–	-0.20%	–
NEM	Exit	Newmont Mining Corp. (Holding Co.)	$0	–	-46,075	–	-0.20%	–
WMT	Exit	Walmart Inc	$0	–	-18,409	–	-0.21%	–
PFBOF	Exit	PFB CORPORATION	$0	–	-171,900	–	-0.21%	–
BAH	Exit	Booz Allen Hamilton Holdings Acl a	$0	–	-32,675	–	-0.21%	–
TU	Exit	Telus Corporation	$0	–	-123,420	–	-0.22%	–
UNP	Exit	Union Pacific Corp	$0	–	-13,900	–	-0.22%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-40,000	–	-0.23%	–
SCHW	Exit	The Charles Schwab Corp	$0	–	-44,535	–	-0.27%	–
NVR	Exit	NVR INC	$0	–	-680	–	-0.27%	–
TXN	Exit	Texas Instruments-Cum Rts	$0	–	-17,161	–	-0.27%	–
CAE	Exit	CAE Inc	$0	–	-120,244	–	-0.29%	–
WSM	Exit	Williams Sonoma Inc	$0	–	-21,360	–	-0.31%	–
PKIUF	Exit	PARKLAND CORP	$0	–	-136,700	–	-0.32%	–
LBRDK	Exit	LIBERTY BROADBAND	$0	–	-22,500	–	-0.32%	–
JNJ	Exit	Johnson & Johnson	$0	–	-25,074	–	-0.33%	–
EMQQ	Exit	Emerging Markets Internet and Ecommerce ETFemqq em intern	$0	–	-83,603	–	-0.34%	–
SBAC	Exit	SBA Communications CL-Acl a	$0	–	-13,685	–	-0.37%	–
ANTM	Exit	Anthem Inc.	$0	–	-12,217	–	-0.37%	–
VCSH	Exit	Vanguard Short-Term Corp Bond ETFshrt trm corp bd	$0	–	-56,805	–	-0.38%	–
OI	Exit	O-I Glass	$0	–	-328,045	–	-0.38%	–
NTR	Exit	NUTRIEN LTD	$0	–	-72,525	–	-0.38%	–
AMT	Exit	American Tower Corp	$0	–	-18,160	–	-0.40%	–
GDX	Exit	VanEck Vectors Gold Miners ETFgold miners etf	$0	–	-164,965	–	-0.40%	–
KO	Exit	Coca Cola Co	$0	–	-95,839	–	-0.41%	–
BLK	Exit	Blackrock Inc	$0	–	-6,189	–	-0.42%	–
CCJ	Exit	Cameco Corporation	$0	–	-241,643	–	-0.43%	–
NOA	Exit	NORTH AMERICAN CONST	$0	–	-362,800	–	-0.43%	–
BMO	Exit	Bank of Montreal	$0	–	-53,906	–	-0.44%	–
MS	Exit	Morgan Stanley	$0	–	-57,515	–	-0.46%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-61,375	–	-0.48%	–
GPN	Exit	GLOBAL PAYMENTS INC	$0	–	-37,567	–	-0.48%	–
DISCA	Exit	Discovery Inc Ser-A	$0	–	-238,745	–	-0.50%	–
HDB	Exit	HDFC Bank Ltd ADRsponsored ads	$0	–	-83,041	–	-0.50%	–
CCK	Exit	Crown Holdings Inc	$0	–	-61,185	–	-0.50%	–
AXTA	Exit	Axalta Coating Systems Ltd	$0	–	-213,045	–	-0.51%	–
AVGO	Exit	Broadcom Inc	$0	–	-13,071	–	-0.52%	–
SU	Exit	Suncor Energy Inc.	$0	–	-310,026	–	-0.53%	–
MSGE	Exit	Madison Square Gardencl a	$0	–	-88,895	–	-0.53%	–
	Exit	BATH& BODY WORKS INC	$0	–	-102,909	–	-0.53%	–
SJR	Exit	Shaw Communications Inc -Bcl b conv	$0	–	-227,390	–	-0.54%	–
DHR	Exit	Danaher Corp	$0	–	-22,203	–	-0.55%	–
DSGX	Exit	Descartes Systems Group Inc	$0	–	-83,654	–	-0.56%	–
CMCSA	Exit	Comcast Corp Cl-Acl a	$0	–	-122,797	–	-0.56%	–
	Exit	BRP INC	$0	–	-77,000	–	-0.58%	–
EL	Exit	Estee Lauder Companies Inc CL-Acl a	$0	–	-24,615	–	-0.60%	–
CNQ	Exit	Canadian Natural Resources Limited	$0	–	-208,314	–	-0.62%	–
MMC	Exit	Marsh & McLennan Companies, Inc	$0	–	-50,565	–	-0.63%	–
AON	Exit	Aon PLC Cl A	$0	–	-27,000	–	-0.63%	–
DD	Exit	Dupont De Nemours Inc	$0	–	-117,875	–	-0.66%	–
GLD	Exit	SPDR Gold Trust ETF	$0	–	-50,594	–	-0.68%	–
FSV	Exit	FIRSTSERVICE CORP	$0	–	-47,100	–	-0.70%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-139,522	–	-0.70%	–
ENB	Exit	Enbridge Inc	$0	–	-215,724	–	-0.70%	–
DFS	Exit	Discover Financial Services	$0	–	-70,701	–	-0.71%	–
BAC	Exit	Bank of America	$0	–	-205,440	–	-0.71%	–
MRK	Exit	Merck & Co Inc	$0	–	-117,385	–	-0.72%	–
TSM	Exit	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$0	–	-101,108	–	-0.92%	–
AMZN	Exit	Amazon.com Inc	$0	–	-3,626	–	-0.98%	–
MDT	Exit	Medtronic, PLC	$0	–	-97,281	–	-1.00%	–
ADI	Exit	Analog Devices Inc	$0	–	-72,880	–	-1.00%	–
CVS	Exit	CVS Health Corporation	$0	–	-154,040	–	-1.07%	–
USB	Exit	U.S. Bancorp	$0	–	-240,885	–	-1.17%	–
STZ	Exit	Constellation Brands Inc-Acl a	$0	–	-69,875	–	-1.21%	–
GOOGL	Exit	Alphabet Inc Cl Acap stk cl a	$0	–	-5,672	–	-1.24%	–
ET	Exit	Energy Transfer LP	$0	–	-1,657,725	–	-1.30%	–
INTU	Exit	Intuit Inc	$0	–	-30,637	–	-1.35%	–
DEO	Exit	Diageo PLC SP/ADRspon adr new	$0	–	-89,603	–	-1.42%	–
FRC	Exit	First Republic Bank	$0	–	-91,770	–	-1.45%	–
MA	Exit	Mastercard Inc Cl-Acl a	$0	–	-52,484	–	-1.50%	–
CP	Exit	Canadian Pacific Railway Ltd	$0	–	-311,788	–	-1.67%	–
HON	Exit	Honeywell International Inc	$0	–	-95,783	–	-1.67%	–
ABT	Exit	Abbott Laboratories	$0	–	-175,892	–	-1.70%	–
ACN	Exit	Accenture PLC Cl-A	$0	–	-66,877	–	-1.75%	–
SHW	Exit	Sherwin-Williams Co	$0	–	-76,618	–	-1.76%	–
AAPL	Exit	Apple Inc	$0	–	-157,574	–	-1.83%	–
CNI	Exit	Canadian National Railway Company	$0	–	-208,941	–	-1.98%	–
HD	Exit	Home Depot Inc	$0	–	-76,312	–	-2.05%	–
NKE	Exit	NIKE, Inc Class Bcl b	$0	–	-176,025	–	-2.09%	–
FB	Exit	Facebook Inc Cl-Acl a	$0	–	-75,423	–	-2.10%	–
UNH	Exit	UnitedHealth Group Inc	$0	–	-69,555	–	-2.23%	–
SPGI	Exit	S&P Global Inc	$0	–	-67,780	–	-2.36%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-56,220	–	-2.63%	–
COST	Exit	Costco Wholesale Corp	$0	–	-71,557	–	-2.63%	–
V	Exit	Visa Inc	$0	–	-155,290	–	-2.83%	–
JPM	Exit	JPMorgan Chase & Company	$0	–	-246,548	–	-3.31%	–
GOOG	Exit	Alphabet Inc Cl-Ccap stk cl c	$0	–	-16,746	–	-3.66%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vtg sh	$0	–	-967,183	–	-4.24%	–
MSFT	Exit	Microsoft Corp	$0	–	-191,098	–	-4.41%	–
RY	Exit	Royal Bank of Canada	$0	–	-560,012	–	-4.56%	–

Q3 2021

			Value		Shares		↓ Weighting
RY	Buy	Royal Bank of Canada	$55,662,000	-1.5%	560,012	+0.3%	4.56%	+2.9%
MSFT	Sell	Microsoft Corp	$53,874,000	-1.3%	191,098	-5.2%	4.41%	+3.1%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vtg sh	$51,765,000	+4.2%	967,183	-0.8%	4.24%	+8.8%
GOOG	Sell	Alphabet Inc Cl-Ccap stk cl c	$44,633,000	+0.2%	16,746	-5.8%	3.66%	+4.6%
JPM	Sell	JPMorgan Chase & Company	$40,357,000	+3.3%	246,548	-1.9%	3.31%	+7.8%
V	Sell	Visa Inc	$34,591,000	-7.2%	155,290	-2.5%	2.83%	-3.0%
COST	Sell	Costco Wholesale Corp	$32,154,000	+7.8%	71,557	-5.1%	2.63%	+12.6%
TMO	Buy	Thermo Fisher Scientific, Inc	$32,120,000	+14.9%	56,220	+1.4%	2.63%	+20.0%
SPGI	Buy	S&P Global Inc	$28,800,000	+8.6%	67,780	+4.9%	2.36%	+13.4%
UNH	Sell	UnitedHealth Group Inc	$27,178,000	-5.2%	69,555	-2.9%	2.23%	-1.0%
FB	Buy	Facebook Inc Cl-Acl a	$25,597,000	-2.3%	75,423	+0.1%	2.10%	+2.1%
NKE	Sell	NIKE, Inc Class Bcl b	$25,565,000	-11.2%	176,025	-5.6%	2.09%	-7.3%
HD	Sell	Home Depot Inc	$25,050,000	+0.1%	76,312	-2.8%	2.05%	+4.5%
CNI	Sell	Canadian National Railway Company	$24,184,000	+2.7%	208,941	-6.5%	1.98%	+7.3%
AAPL	Sell	Apple Inc	$22,297,000	-1.1%	157,574	-4.3%	1.83%	+3.2%
SHW	Sell	Sherwin-Williams Co	$21,433,000	-11.9%	76,618	-14.2%	1.76%	-8.0%
ACN	Buy	Accenture PLC Cl-A	$21,395,000	+9.5%	66,877	+0.9%	1.75%	+14.3%
ABT	Sell	Abbott Laboratories	$20,778,000	-2.0%	175,892	-3.8%	1.70%	+2.3%
CP	Sell	Canadian Pacific Railway Ltd	$20,334,000	-20.3%	311,788	-6.1%	1.67%	-16.7%
HON	Sell	Honeywell International Inc	$20,333,000	-4.0%	95,783	-0.8%	1.67%	+0.3%
MA	Buy	Mastercard Inc Cl-Acl a	$18,248,000	+3.0%	52,484	+8.2%	1.50%	+7.6%
FRC	Sell	First Republic Bank	$17,700,000	+0.4%	91,770	-2.6%	1.45%	+4.8%
DEO	Sell	Diageo PLC SP/ADRspon adr new	$17,294,000	-1.5%	89,603	-2.1%	1.42%	+2.9%
INTU	Sell	Intuit Inc	$16,529,000	+6.9%	30,637	-2.9%	1.35%	+11.6%
ET	Sell	Energy Transfer LP	$15,881,000	-10.9%	1,657,725	-1.2%	1.30%	-6.9%
GOOGL	Sell	Alphabet Inc Cl Acap stk cl a	$15,164,000	+1.7%	5,672	-7.2%	1.24%	+6.2%
STZ	Sell	Constellation Brands Inc-Acl a	$14,723,000	-12.0%	69,875	-2.3%	1.21%	-8.1%
USB	Sell	U.S. Bancorp	$14,319,000	+0.7%	240,885	-3.5%	1.17%	+5.2%
CVS	Sell	CVS Health Corporation	$13,072,000	+0.9%	154,040	-0.7%	1.07%	+5.4%
ADI	Buy	Analog Devices Inc	$12,206,000	-1.5%	72,880	+1.2%	1.00%	+2.9%
MDT	Buy	Medtronic, PLC	$12,194,000	+15.3%	97,281	+14.1%	1.00%	+20.4%
AMZN	Sell	Amazon.com Inc	$11,912,000	-6.3%	3,626	-1.9%	0.98%	-2.1%
TSM	Buy	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$11,289,000	-3.1%	101,108	+4.3%	0.92%	+1.2%
MRK	Sell	Merck & Co Inc	$8,817,000	-3.9%	117,385	-0.5%	0.72%	+0.3%
BAC	Sell	Bank of America	$8,721,000	+2.6%	205,440	-0.3%	0.71%	+7.0%
DFS	Sell	Discover Financial Services	$8,686,000	+3.8%	70,701	-0.1%	0.71%	+8.2%
BNS	Buy	Bank of Nova Scotia	$8,577,000	-4.0%	139,522	+1.5%	0.70%	+0.4%
ENB	Buy	Enbridge Inc	$8,588,000	+7.2%	215,724	+7.8%	0.70%	+11.9%
GLD	Buy	SPDR Gold Trust ETF	$8,309,000	-0.7%	50,594	+0.1%	0.68%	+3.8%
DD	Sell	Dupont De Nemours Inc	$8,014,000	-12.3%	117,875	-0.2%	0.66%	-8.5%
AON	Buy	Aon PLC Cl A	$7,716,000	+46.7%	27,000	+22.6%	0.63%	+53.4%
MMC	Sell	Marsh & McLennan Companies, Inc	$7,657,000	+4.0%	50,565	-3.4%	0.63%	+8.7%
CNQ	Sell	Canadian Natural Resources Limited	$7,612,000	+0.5%	208,314	-0.1%	0.62%	+5.1%
EL	Buy	Estee Lauder Companies Inc CL-Acl a	$7,382,000	-3.9%	24,615	+2.0%	0.60%	+0.5%
	Sell	BRP INC	$7,126,000	-2.8%	77,000	-17.8%	0.58%	+1.6%
CMCSA	Buy	Comcast Corp Cl-Acl a	$6,869,000	+3.0%	122,797	+5.0%	0.56%	+7.6%
DSGX	Buy	Descartes Systems Group Inc	$6,807,000	+19.3%	83,654	+1.5%	0.56%	+24.6%
DHR	Sell	Danaher Corp	$6,759,000	+6.2%	22,203	-6.4%	0.55%	+11.0%
SJR	Sell	Shaw Communications Inc -Bcl b conv	$6,602,000	-61.4%	227,390	-61.5%	0.54%	-59.6%
	New	BATH& BODY WORKS INC	$6,486,000	–	102,909	–	0.53%	–
MSGE	Buy	Madison Square Gardencl a	$6,460,000	+29.1%	88,895	+49.2%	0.53%	+34.9%
SU	Sell	Suncor Energy Inc.	$6,419,000	-14.0%	310,026	-0.7%	0.53%	-10.2%
AVGO	Buy	Broadcom Inc	$6,339,000	+4.7%	13,071	+3.0%	0.52%	+9.3%
AXTA	Sell	Axalta Coating Systems Ltd	$6,219,000	-4.6%	213,045	-0.4%	0.51%	-0.4%
CCK	Sell	Crown Holdings Inc	$6,166,000	-2.3%	61,185	-0.9%	0.50%	+2.0%
HDB	Sell	HDFC Bank Ltd ADRsponsored ads	$6,070,000	-0.1%	83,041	-0.1%	0.50%	+4.2%
DISCA	Sell	Discovery Inc Ser-A	$6,059,000	-18.1%	238,745	-1.0%	0.50%	-14.5%
GPN	Sell	GLOBAL PAYMENTS INC	$5,920,000	-71.0%	37,567	-65.5%	0.48%	-69.7%
PM	Sell	Philip Morris Intl Inc	$5,818,000	-17.5%	61,375	-13.7%	0.48%	-13.7%
MS	Buy	Morgan Stanley	$5,597,000	+27.3%	57,515	+20.0%	0.46%	+32.8%
BMO	Buy	Bank of Montreal	$5,379,000	+4.6%	53,906	+7.5%	0.44%	+9.4%
CCJ	Buy	Cameco Corporation	$5,247,000	+54.8%	241,643	+36.6%	0.43%	+61.7%
BLK	Buy	Blackrock Inc	$5,190,000	+39.9%	6,189	+46.0%	0.42%	+46.0%
KO	Sell	Coca Cola Co	$5,028,000	-3.3%	95,839	-0.3%	0.41%	+1.0%
GDX	Buy	VanEck Vectors Gold Miners ETFgold miners etf	$4,861,000	-12.9%	164,965	+0.5%	0.40%	-9.1%
AMT	Buy	American Tower Corp	$4,820,000	+130.0%	18,160	+134.0%	0.40%	+140.9%
NTR	Sell	NUTRIEN LTD	$4,706,000	-16.9%	72,525	-22.3%	0.38%	-13.3%
OI	Sell	O-I Glass	$4,682,000	-13.2%	328,045	-0.6%	0.38%	-9.2%
VCSH	Buy	Vanguard Short-Term Corp Bond ETFshrt trm corp bd	$4,681,000	+14.8%	56,805	+15.2%	0.38%	+19.7%
ANTM	Buy	Anthem Inc.	$4,554,000	+1.1%	12,217	+3.6%	0.37%	+5.7%
SBAC	Sell	SBA Communications CL-Acl a	$4,523,000	+2.6%	13,685	-1.0%	0.37%	+6.9%
EMQQ	Buy	Emerging Markets Internet and Ecommerce ETFemqq em intern	$4,146,000	-19.7%	83,603	+2.5%	0.34%	-16.0%
JNJ	Sell	Johnson & Johnson	$4,049,000	-30.9%	25,074	-29.5%	0.33%	-27.8%
LBRDK	Sell	LIBERTY BROADBAND	$3,886,000	-5.8%	22,500	-5.3%	0.32%	-1.5%
PKIUF	New	PARKLAND CORP	$3,840,000	–	136,700	–	0.32%	–
CAE	Buy	CAE Inc	$3,588,000	-2.2%	120,244	+0.9%	0.29%	+2.1%
TXN	Sell	Texas Instruments-Cum Rts	$3,298,000	-27.1%	17,161	-27.0%	0.27%	-23.9%
NVR	Sell	NVR INC	$3,260,000	-12.6%	680	-9.3%	0.27%	-8.9%
SCHW	Buy	The Charles Schwab Corp	$3,243,000	+148.5%	44,535	+148.6%	0.27%	+160.8%
GDDY	Sell	GODADDY INCcl a	$2,788,000	-30.3%	40,000	-13.0%	0.23%	-27.4%
UNP	Buy	Union Pacific Corp	$2,725,000	-1.3%	13,900	+10.8%	0.22%	+3.2%
TU	Sell	Telus Corporation	$2,713,000	-4.9%	123,420	-2.9%	0.22%	-0.9%
BAH	Sell	Booz Allen Hamilton Holdings Acl a	$2,593,000	-47.2%	32,675	-43.3%	0.21%	-44.9%
PFBOF	New	PFB CORPORATION	$2,581,000	–	171,900	–	0.21%	–
WMT	Buy	Walmart Inc	$2,566,000	+3.6%	18,409	+4.8%	0.21%	+8.2%
NEM	Sell	Newmont Mining Corp. (Holding Co.)	$2,501,000	-39.4%	46,075	-29.3%	0.20%	-36.7%
PEP	Buy	PepsiCo, Inc	$2,499,000	+79.7%	16,612	+77.0%	0.20%	+88.1%
DIS	Buy	Walt Disney Co	$2,375,000	-0.5%	14,042	+3.4%	0.20%	+4.3%
BCE	Buy	BCE Inc	$2,359,000	+14.2%	47,112	+12.5%	0.19%	+19.1%
CHTR	Buy	CHARTER COMMUNICATIOcl a	$2,310,000	+113.5%	3,175	+111.7%	0.19%	+122.4%
PXD	Buy	Pioneer Natural Res Co	$2,266,000	+8.4%	13,611	+5.8%	0.19%	+13.4%
CACI	Sell	CACI INTERNATIONALcl a	$2,162,000	-0.3%	8,250	-2.9%	0.18%	+4.1%
ETN	Sell	Eaton Corporation	$2,064,000	-60.3%	13,820	-60.6%	0.17%	-58.6%
FISV	Buy	FISERV INC	$2,007,000	+7.3%	18,500	+5.7%	0.16%	+11.6%
IVV	Buy	iShares Core S&P 500 ETFcore s&p mcp etf	$1,901,000	+800.9%	4,412	+798.6%	0.16%	+817.6%
SJNK	Buy	SPDR SER TRbloomberg srt tr	$1,879,000	+4.5%	68,600	+5.2%	0.15%	+9.2%
IBKR	Buy	INTERACTIVE BROKERS	$1,870,000	-0.2%	30,000	+5.3%	0.15%	+4.1%
CM	Sell	Canadian Imperial Bank of Commerce	$1,811,000	-4.9%	16,274	-2.7%	0.15%	-0.7%
WCN	Buy	WASTE CONNECTIONS	$1,796,000	+49.4%	14,250	+41.8%	0.15%	+56.4%
ICE	New	Intercontinental Exchange	$1,688,000	–	14,700	–	0.14%	–
EBAY	Sell	EBAY INC	$1,602,000	-8.7%	23,000	-8.0%	0.13%	-5.1%
IVOL	Buy	Kraneshares Quadratic Interest Rate ETFquadrtc int rt	$1,543,000	+61.9%	55,362	+60.6%	0.13%	+68.0%
TPL	Buy	TEXAS PACIFIC LAND	$1,481,000	-11.8%	1,225	+16.7%	0.12%	-8.3%
FTS	Sell	FORTIS INC	$1,429,000	-15.1%	32,200	-15.3%	0.12%	-11.4%
BSX	Sell	BOSTON SCIENTIFIC	$1,388,000	-12.3%	32,000	-13.5%	0.11%	-8.1%
HBM	New	HUDBAY MINERALS	$1,363,000	–	218,500	–	0.11%	–
TECK	New	Teck Resources Ltd Bcl b	$1,324,000	–	53,250	–	0.11%	–
ATVI	Buy	Activision Blizzard Inc	$1,280,000	-0.3%	16,550	+23.0%	0.10%	+4.0%
TFII	Sell	TFI INTERNATIONAL	$1,238,000	-9.1%	12,100	-18.8%	0.10%	-5.6%
WU	Buy	THE WESTERN UNION	$1,159,000	+19.0%	57,300	+35.1%	0.10%	+25.0%
IAU	New	iShares Gold Trust ETFishares new	$1,157,000	–	34,632	–	0.10%	–
ADSK	Sell	AUTODESK INC	$1,084,000	-7.2%	3,800	-5.0%	0.09%	-3.3%
TJX	Buy	TJX Companies, Inc	$1,072,000	+136.6%	16,246	+142.1%	0.09%	+144.4%
FNV	Sell	FRANCO NEVADA CORP	$1,065,000	-11.7%	8,200	-1.2%	0.09%	-8.4%
IJH	New	iShares Core S&P Mid-Cap ETFcore s&p mcp etf	$1,017,000	–	3,864	–	0.08%	–
VZ	Sell	VERIZON COMMUNICATIO	$999,000	-6.5%	18,500	-3.0%	0.08%	-2.4%
IJR	New	iShares Core S&P Small-Cap ETFcore s&p scp etf	$972,000	–	8,898	–	0.08%	–
DVY	Buy	iShares Select Dividend ETFselect div etf	$936,000	+0.4%	8,160	+2.1%	0.08%	+5.5%
SHYG	Buy	ISHARES TR0-5yr hi yl cp	$880,000	+75.3%	19,250	+76.6%	0.07%	+84.6%
AMAT	New	Applied Materials Inc	$835,000	–	6,485	–	0.07%	–
DPZ	Sell	DOMINOS PIZZA INC	$835,000	-42.3%	1,750	-43.5%	0.07%	-39.8%
ROP	Sell	ROPER TECHNOLOGIES	$803,000	-25.7%	1,800	-21.7%	0.07%	-22.4%
BIL	New	SPDR Bloomberg Barclays 1-3 mth T-Billspdr bloomberg	$766,000	–	8,373	–	0.06%	–
VNQ	Buy	Vanguard Real Estate Etf .real estate etf	$738,000	+14.2%	7,250	+14.2%	0.06%	+17.6%
ADBE	Sell	Adobe Systems Inc	$711,000	-49.4%	1,235	-48.6%	0.06%	-47.3%
LMT	New	LOCKHEED MARTIN CORP	$690,000	–	2,000	–	0.06%	–
IEMG	New	iShares Core MSCI Emerging Markets ETFcore msci emkt	$698,000	–	11,294	–	0.06%	–
SSNC	New	SS&C TECH HLDGS	$694,000	–	10,000	–	0.06%	–
RJF	New	RAYMOND JAMES FINL	$651,000	–	7,050	–	0.05%	–
IEFA	New	iShares Core MSCI EAFE ETFcore msci eafe	$640,000	–	8,621	–	0.05%	–
AXP	Buy	American Express Co	$611,000	+17.3%	3,650	+15.9%	0.05%	+22.0%
GIL	Buy	GILDAN ACTIVEWEAR	$603,000	+2.7%	16,500	+3.8%	0.05%	+6.5%
MCO	Sell	MOODYS CORP	$604,000	-30.6%	1,700	-29.2%	0.05%	-27.9%
EMR	Buy	Emerson Electric Co	$556,000	+10.3%	5,895	+12.6%	0.05%	+15.0%
PEJ	Buy	INVESCO EXCHANGETRADdynmc leisure	$549,000	+6.2%	10,900	+10.1%	0.04%	+9.8%
LOW	Buy	Lowe's Companies Inc	$555,000	+22.2%	2,737	+17.1%	0.04%	+25.0%
XLRE	Sell	Select Sec Rl Est Sel ETFrl est sel sec	$531,000	-7.8%	11,934	-8.1%	0.04%	-4.4%
ICLN	Buy	ISHARESgl clean ene etf	$509,000	-3.6%	23,500	+4.4%	0.04%	+2.4%
RORO	Sell	Tidal ATAC US Rotation ETFatac us rotation	$485,000	-3.6%	21,142	-0.4%	0.04%	+2.6%
OTEX	Sell	Open Text Corporation	$473,000	-6.0%	9,700	-2.0%	0.04%	0.0%
IHDG	New	Wisdomtree Intl Hedged Quality Div Growthitl ddg qtly div	$475,000	–	11,000	–	0.04%	–
KEYS	Buy	Keysight Technologies Inc	$473,000	+19.1%	2,875	+11.7%	0.04%	+25.8%
BSV	Buy	Vanguard Short-Term Bond ETFshort trm bond	$476,000	+126.7%	5,810	+127.0%	0.04%	+143.8%
CPG	Sell	Crescent Point Energy Corp.	$460,000	-18.4%	100,000	-19.9%	0.04%	-13.6%
HII	Buy	HUNTINGTON INGALLS	$463,000	-0.2%	2,400	+9.1%	0.04%	+5.6%
MNST	New	Monster Beverage Corp	$457,000	–	5,141	–	0.04%	–
FLJP	New	Franklin Temp FTSE Japan ETFftse japan etf	$440,000	–	14,242	–	0.04%	–
XLF	New	Sector Spdr Tr Int-Finlfinancial	$430,000	–	11,479	–	0.04%	–
SAM	New	BOSTON BEER INCcl a	$433,000	–	850	–	0.04%	–
WPM	New	WHEATON PRECIOUS MET	$422,000	–	11,200	–	0.04%	–
TMUS	New	T-MOBILE US INC	$415,000	–	3,250	–	0.03%	–
	New	PEMBINA PIPELINE	$404,000	–	20,000	–	0.03%	–
SHOP	Buy	SHOPIFY INCcl a	$407,000	+38.9%	300	+50.0%	0.03%	+43.5%
TPB	New	TURNING POINT BRANDS	$406,000	–	8,500	–	0.03%	–
XLC	Buy	Select Sector Communications Services SPDR Fund	$393,000	+31.0%	4,900	+32.4%	0.03%	+33.3%
NOC	Sell	NORTHROP GRUMMAN CO	$396,000	-27.3%	1,100	-26.7%	0.03%	-25.6%
XLE	Buy	Energy Select Sec SPDRenergy	$391,000	+32.1%	7,500	+36.4%	0.03%	+39.1%
BKNG	New	BOOKING HLDGS INC	$356,000	–	150	–	0.03%	–
BND	Buy	Vanguard Total Bond Market ETFtotal bnd mkt	$325,000	+57.0%	3,805	+58.2%	0.03%	+68.8%
IXC	Buy	iShares Global Energy ETFglobal energ etf	$331,000	+4.7%	12,312	+3.5%	0.03%	+8.0%
BCI	Sell	Aberdeen Bloomberg All Commodity Strategy K- ETF	$316,000	+6.0%	11,264	-0.4%	0.03%	+13.0%
EWU	New	iShares MSCI United Kingdom ETFmsci uk etf new	$306,000	–	9,496	–	0.02%	–
BKT	Buy	BlackRock Income Trust	$268,000	+10.3%	43,885	+14.3%	0.02%	+15.8%
	New	PEMBINA PIPELINE	$205,000	–	10,000	–	0.02%	–
ERF	Sell	ENERPLUS CORP	$207,000	-35.7%	25,900	-42.1%	0.02%	-32.0%
ERO	New	ERO COPPER CORP	$213,000	–	12,000	–	0.02%	–
AEM	New	AGNICO EAGLE MINES	$197,000	–	3,800	–	0.02%	–
SYK	Sell	Stryker Corp	$185,000	-22.9%	700	-24.2%	0.02%	-21.1%
MFC	Sell	Manulife Financial Corporation	$166,000	-29.1%	8,617	-27.7%	0.01%	-22.2%
MKL	New	Markel Corp Holding	$120,000	–	100	–	0.01%	–
KKR	Exit	KKR & Co LP Inc Cl A	$0	–	-500	–	-0.00%	–
UL	Exit	Unilever PLC ADRspon adr new	$0	–	-792	–	-0.00%	–
CVX	Exit	Chevron Corp	$0	–	-1,142	–	-0.01%	–
BRKB	Exit	Berkshire Hathaway B Newcl b new	$0	–	-512	–	-0.01%	–
ICVT	Exit	Ishares Conv Bond ETFconv bd etf	$0	–	-2,011	–	-0.02%	–
ARKK	Exit	ARK Innovation ETFinnovation etf	$0	–	-1,693	–	-0.02%	–
BIP	Exit	Brookfield Infra Ptnr LPUlp int unit	$0	–	-4,142	–	-0.02%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-14,300	–	-0.02%	–
ORCL	Exit	Oracle Corporation	$0	–	-4,278	–	-0.03%	–
PRN	Exit	Invesco DWA Industrials Momentum ETFdwa indls mumt	$0	–	-4,222	–	-0.03%	–
EWY	Exit	Ishares MSCI S Korea ETFmsci sth kor etf	$0	–	-4,843	–	-0.04%	–
NUSC	Exit	Nuveen ESG Small-Cap ETFnuveen esg sml cp	$0	–	-10,093	–	-0.04%	–
WFG	Exit	WEST FRASER TIMBER	$0	–	-7,550	–	-0.04%	–
MCD	Exit	McDonald's Corp	$0	–	-2,541	–	-0.05%	–
STN	Exit	STANTEC INC	$0	–	-14,400	–	-0.05%	–
BR	Exit	BROADRIDGE FINL SOL	$0	–	-4,300	–	-0.06%	–
LB	Exit	L Brands Inc	$0	–	-11,274	–	-0.06%	–
MO	Exit	Altria Group Inc	$0	–	-34,400	–	-0.13%	–
AMGN	Exit	Amgen Inc	$0	–	-8,177	–	-0.16%	–
ROKU	Exit	ROKU INC	$0	–	-6,125	–	-0.22%	–
ECL	Exit	Ecolab Inc	$0	–	-24,619	–	-0.40%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-270,036	–	-0.67%	–
TD	Exit	Toronto-Dominion Bank	$0	–	-398,394	–	-2.19%	–

Q2 2021

			Value		Shares		↓ Weighting
RY	New	Royal Bank of Canada	$56,509,000	–	558,119	–	4.43%	–
MSFT	New	Microsoft Corp	$54,595,000	–	201,533	–	4.28%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$49,702,000	–	975,002	–	3.90%	–
GOOG	New	Alphabet Inc Cl-Ccap stk cl c	$44,547,000	–	17,774	–	3.49%	–
JPM	New	JPMorgan Chase & Company	$39,084,000	–	251,283	–	3.07%	–
V	New	Visa Inc	$37,256,000	–	159,335	–	2.92%	–
COST	New	Costco Wholesale Corp	$29,837,000	–	75,410	–	2.34%	–
NKE	New	NIKE, Inc Class Bcl b new	$28,794,000	–	186,380	–	2.26%	–
UNH	New	UnitedHealth Group Inc	$28,674,000	–	71,609	–	2.25%	–
TMO	New	Thermo Fisher Scientific, Inc	$27,960,000	–	55,426	–	2.19%	–
TD	New	Toronto-Dominion Bank	$27,896,000	–	398,394	–	2.19%	–
SPGI	New	S&P Global Inc	$26,514,000	–	64,598	–	2.08%	–
FB	New	Facebook Inc Cl-Acl a	$26,191,000	–	75,323	–	2.05%	–
CP	New	Canadian Pacific Railway Ltd	$25,515,000	–	332,115	–	2.00%	–
HD	New	Home Depot Inc	$25,032,000	–	78,500	–	1.96%	–
SHW	New	Sherwin-Williams Co	$24,333,000	–	89,312	–	1.91%	–
CNI	New	Canadian National Railway Company	$23,549,000	–	223,380	–	1.85%	–
AAPL	New	Apple Inc	$22,555,000	–	164,687	–	1.77%	–
ABT	New	Abbott Laboratories	$21,205,000	–	182,913	–	1.66%	–
HON	New	Honeywell International Inc	$21,179,000	–	96,552	–	1.66%	–
GPN	New	Global Payments Inc.	$20,437,000	–	108,974	–	1.60%	–
ACN	New	Accenture PLC Cl-A	$19,546,000	–	66,304	–	1.53%	–
ET	New	Energy Transfer LP	$17,829,000	–	1,677,225	–	1.40%	–
MA	New	Mastercard Inc Cl-Acl a	$17,711,000	–	48,510	–	1.39%	–
FRC	New	First Republic Bank	$17,627,000	–	94,174	–	1.38%	–
DEO	New	Diageo PLC SP/ADRspon adr new	$17,552,000	–	91,563	–	1.38%	–
SJR	New	Shaw Communications Inc -Bcl b conv	$17,085,000	–	590,364	–	1.34%	–
STZ	New	Constellation Brands Inc-Acl a	$16,731,000	–	71,532	–	1.31%	–
INTU	New	Intuit Inc	$15,464,000	–	31,548	–	1.21%	–
GOOGL	New	Alphabet Inc Cl Acap stk cl a	$14,917,000	–	6,109	–	1.17%	–
USB	New	U.S. Bancorp	$14,215,000	–	249,525	–	1.12%	–
CVS	New	CVS Health Corporation	$12,950,000	–	155,193	–	1.02%	–
AMZN	New	Amazon.com Inc	$12,711,000	–	3,695	–	1.00%	–
ADI	New	Analog Devices Inc	$12,396,000	–	72,002	–	0.97%	–
TSM	New	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$11,650,000	–	96,962	–	0.91%	–
MDT	New	Medtronic, PLC	$10,580,000	–	85,241	–	0.83%	–
MRK	New	Merck & Co Inc	$9,178,000	–	118,020	–	0.72%	–
DD	New	Dupont De Nemours Inc	$9,139,000	–	118,055	–	0.72%	–
BNS	New	Bank of Nova Scotia	$8,931,000	–	137,429	–	0.70%	–
PBA	New	Pembina Pipeline Corp	$8,573,000	–	270,036	–	0.67%	–
BAC	New	Bank of America	$8,500,000	–	206,160	–	0.67%	–
DFS	New	Discover Financial Svcs	$8,372,000	–	70,776	–	0.66%	–
GLD	New	SPDR Gold Trust ETF	$8,368,000	–	50,523	–	0.66%	–
FSV	New	FIRSTSERVICE CORP	$8,087,000	–	47,100	–	0.63%	–
ENB	New	Enbridge Inc	$8,011,000	–	200,046	–	0.63%	–
EL	New	Estee Lauder Companies Inc CL-Acl a	$7,678,000	–	24,142	–	0.60%	–
CNQ	New	Canadian Natural Resources Limitedemqq em intern	$7,574,000	–	208,541	–	0.59%	–
SU	New	Suncor Energy Inc.	$7,467,000	–	312,076	–	0.59%	–
DISCA	New	Discovery Inc Ser-A	$7,400,000	–	241,195	–	0.58%	–
MMC	New	Marsh & McLennan Companies, Inc	$7,361,000	–	52,325	–	0.58%	–
	New	BRP INC	$7,335,000	–	93,650	–	0.58%	–
PM	New	Philip Morris Intl Inc	$7,052,000	–	71,155	–	0.55%	–
CMCSA	New	Comcast Corp Cl-Acl a	$6,669,000	–	116,976	–	0.52%	–
AXTA	New	Axalta Coating Systems Ltd	$6,520,000	–	213,845	–	0.51%	–
DHR	New	Danaher Corp	$6,365,000	–	23,717	–	0.50%	–
CCK	New	Crown Holdings Inc	$6,313,000	–	61,770	–	0.50%	–
HDB	New	HDFC Bank Ltd ADRsponsored ads	$6,079,000	–	83,141	–	0.48%	–
AVGO	New	Broadcom Inc	$6,053,000	–	12,694	–	0.48%	–
JNJ	New	Johnson & Johnson	$5,860,000	–	35,567	–	0.46%	–
DSGX	New	Descartes Systems Group Inc	$5,707,000	–	82,455	–	0.45%	–
NTR	New	NUTRIEN LTD	$5,662,000	–	93,350	–	0.44%	–
GDX	New	VanEck Vectors Gold Miners ETFgold miners etf	$5,580,000	–	164,215	–	0.44%	–
NOA	New	NORTH AMERICAN CONS	$5,532,000	–	362,800	–	0.43%	–
OI	New	O-I Glass	$5,391,000	–	330,145	–	0.42%	–
AON	New	Aon Plc Cl A	$5,258,000	–	22,025	–	0.41%	–
KO	New	Coca Cola Co	$5,199,000	–	96,089	–	0.41%	–
ETN	New	Eaton Corporation	$5,197,000	–	35,070	–	0.41%	–
EMQQ	New	Emerging Markets Internet and Ecommerce ETFemqq em intern	$5,166,000	–	81,550	–	0.40%	–
BMO	New	Bank of Montreal	$5,142,000	–	50,156	–	0.40%	–
ECL	New	Ecolab Inc	$5,071,000	–	24,619	–	0.40%	–
MSGE	New	Madison Square Gardencl a	$5,003,000	–	59,580	–	0.39%	–
BAH	New	Booz Allen Hamilton Holdings Acl a	$4,909,000	–	57,629	–	0.38%	–
TXN	New	Texas Instruments-Cum Rts	$4,522,000	–	23,518	–	0.36%	–
ANTM	New	Anthem Inc.	$4,504,000	–	11,795	–	0.35%	–
SBAC	New	SBA Communications CL-Acl a	$4,408,000	–	13,830	–	0.35%	–
MS	New	Morgan Stanley	$4,395,000	–	47,929	–	0.34%	–
NEM	New	Newmont Mining Corp. (Holding Co.)	$4,129,000	–	65,125	–	0.32%	–
LBRDK	New	LIBERTY BROADBAND	$4,124,000	–	23,750	–	0.32%	–
VCSH	New	Vanguard S/T Corp Bond ETFshrt trm corp bd	$4,078,000	–	49,305	–	0.32%	–
GDDY	New	GODADDY INCcl a	$4,000,000	–	46,000	–	0.31%	–
NVR	New	NVR INC	$3,730,000	–	750	–	0.29%	–
BLK	New	Blackrock Inc	$3,709,000	–	4,239	–	0.29%	–
CAE	New	CAE Inc	$3,668,000	–	119,213	–	0.29%	–
WSM	New	Williams Sonoma Inc	$3,410,000	–	21,360	–	0.27%	–
CCJ	New	Cameco Corporation	$3,390,000	–	176,893	–	0.27%	–
TU	New	Telus Corporation	$2,853,000	–	127,111	–	0.22%	–
ROKU	New	ROKU INC	$2,813,000	–	6,125	–	0.22%	–
UNP	New	Union Pacific Corp	$2,760,000	–	12,550	–	0.22%	–
WMT	New	Walmart Inc	$2,478,000	–	17,570	–	0.19%	–
DIS	New	Walt Disney Co	$2,387,000	–	13,578	–	0.19%	–
GRPU	New	GRANITE REAL ESTATEunit 99/99/9999	$2,211,000	–	33,200	–	0.17%	–
CACI	New	CACI INTERNATIONALcl a	$2,169,000	–	8,500	–	0.17%	–
PXD	New	Pioneer Natural Res Co	$2,091,000	–	12,865	–	0.16%	–
AMT	New	American Tower Corp	$2,096,000	–	7,760	–	0.16%	–
BCE	New	BCE Inc	$2,065,000	–	41,872	–	0.16%	–
AMGN	New	Amgen Inc	$1,993,000	–	8,177	–	0.16%	–
CM	New	Canadian Imperial Bank of Commerce	$1,905,000	–	16,724	–	0.15%	–
FISV	New	FISERV INC	$1,871,000	–	17,500	–	0.15%	–
IBKR	New	INTERACTIVE BROKERS	$1,873,000	–	28,500	–	0.15%	–
SJNK	New	SPDR SER TRbloomberg srt tr	$1,798,000	–	65,200	–	0.14%	–
EBAY	New	EBAY INC	$1,755,000	–	25,000	–	0.14%	–
TSLA	New	Tesla Motors Inc.	$1,747,000	–	2,570	–	0.14%	–
FTS	New	FORTIS INC	$1,684,000	–	38,000	–	0.13%	–
TPL	New	TEXAS PACIFIC LAND	$1,680,000	–	1,050	–	0.13%	–
KL	New	KIRKLAND LAKE GOLD	$1,663,000	–	43,107	–	0.13%	–
EA	New	ELECTRONIC ARTS INC	$1,654,000	–	11,500	–	0.13%	–
MO	New	Altria Group Inc	$1,641,000	–	34,400	–	0.13%	–
WSO	New	Watsco Inc	$1,634,000	–	5,700	–	0.13%	–
BSX	New	BOSTON SCIENTIFIC	$1,582,000	–	37,000	–	0.12%	–
SBUX	New	Starbucks Corp	$1,499,000	–	13,400	–	0.12%	–
DPZ	New	DOMINOS PIZZA INC	$1,446,000	–	3,100	–	0.11%	–
ADBE	New	Adobe Systems Inc	$1,406,000	–	2,401	–	0.11%	–
PEP	New	PepsiCo, Inc	$1,391,000	–	9,387	–	0.11%	–
TFII	New	TFI INTERNATIONAL	$1,362,000	–	14,900	–	0.11%	–
SCHW	New	Schwab Charles Corp	$1,305,000	–	17,917	–	0.10%	–
ATVI	New	Activision Blizzard Inc	$1,284,000	–	13,450	–	0.10%	–
FNV	New	FRANCO NEVADA CORP	$1,206,000	–	8,300	–	0.10%	–
WCN	New	WASTE CONNECTIONS	$1,202,000	–	10,050	–	0.09%	–
ADSK	New	AUTODESK INC	$1,168,000	–	4,000	–	0.09%	–
ROP	New	ROPER TECHNOLOGIES	$1,081,000	–	2,300	–	0.08%	–
CHTR	New	CHARTER COMMUNICATIOcl a	$1,082,000	–	1,500	–	0.08%	–
VZ	New	Verizon Communications Inc	$1,069,000	–	19,080	–	0.08%	–
BKI	New	BLACK KNIGHT INC	$1,014,000	–	13,000	–	0.08%	–
WU	New	THE WESTERN UNION	$974,000	–	42,400	–	0.08%	–
IVOL	New	Kraneshares Quadratic Interest Rate ETFquadrtc int rt	$953,000	–	34,482	–	0.08%	–
BRO	New	BROWN & BROWN INC	$930,000	–	17,500	–	0.07%	–
DVY	New	Ishares DJ Sel Dvd Fdselect divid etf	$932,000	–	7,990	–	0.07%	–
VIG	New	Vanguard Div Appr ETFdiv app etf	$882,000	–	5,700	–	0.07%	–
MCO	New	MOODYS CORP	$870,000	–	2,400	–	0.07%	–
LB	New	L Brands Inc	$813,000	–	11,274	–	0.06%	–
BR	New	BROADRIDGE FINL SOL	$695,000	–	4,300	–	0.06%	–
VNQ	New	Vanguard Real Estate Etf .real estate etf	$646,000	–	6,350	–	0.05%	–
STN	New	STANTEC INC	$643,000	–	14,400	–	0.05%	–
BKLN	New	INVESCO EXCHNG TRADsr ln etf	$600,000	–	27,100	–	0.05%	–
GIL	New	GILDAN ACTIVEWEAR	$587,000	–	15,900	–	0.05%	–
MCD	New	McDonald's Corp	$587,000	–	2,541	–	0.05%	–
XLRE	New	Select Sec Rl Est Sel ETFrl est sel sec	$576,000	–	12,989	–	0.04%	–
CPG	New	Crescent Point Energy Corp.	$564,000	–	124,800	–	0.04%	–
NOC	New	NORTHROP GRUMMAN CO	$545,000	–	1,500	–	0.04%	–
WFG	New	WEST FRASER TIMBER	$543,000	–	7,550	–	0.04%	–
PEJ	New	INVESCO EXCHANGETRADdynamic leisure	$517,000	–	9,900	–	0.04%	–
ICLN	New	ISHARESgl clean ene etf	$528,000	–	22,500	–	0.04%	–
SLF	New	Sun Life Financial Services Canada Inc	$521,000	–	10,122	–	0.04%	–
AXP	New	American Express Co	$521,000	–	3,150	–	0.04%	–
EMR	New	Emerson Electric Co	$504,000	–	5,235	–	0.04%	–
SHYG	New	ISHARES TR0-5yr hi yl cap	$502,000	–	10,900	–	0.04%	–
RORO	New	Tidal ATAC US Rotation ETFatac us rotation	$503,000	–	21,231	–	0.04%	–
OTEX	New	Open Text Corporation	$503,000	–	9,900	–	0.04%	–
LOW	New	Lowe's Companies Inc	$454,000	–	2,337	–	0.04%	–
NUSC	New	Nuveen ESG Small-Cap ETFnuveen esg sml cp	$456,000	–	10,093	–	0.04%	–
HII	New	HUNTINGTON INGALLS	$464,000	–	2,200	–	0.04%	–
TJX	New	TJX Companies, Inc	$453,000	–	6,710	–	0.04%	–
EWY	New	Ishares MSCI S Korea ETFmsci sth kor etf	$452,000	–	4,843	–	0.04%	–
PRN	New	Invesco DWA Industrials Momentum ETFdwa indls mumt	$420,000	–	4,222	–	0.03%	–
KEYS	New	Keysight Technologies Inc	$397,000	–	2,575	–	0.03%	–
VET	New	Vermilion Energy Inc	$397,000	–	45,313	–	0.03%	–
ORCL	New	Oracle Corporation	$333,000	–	4,278	–	0.03%	–
IXC	New	Ishares S&P Glb Energyglobal energ etf	$316,000	–	11,894	–	0.02%	–
ERF	New	ENERPLUS CORP	$322,000	–	44,700	–	0.02%	–
XLC	New	Select Sector Communications Services SPDR Fund	$300,000	–	3,700	–	0.02%	–
XLE	New	Energy Select Sec SPDRenergy	$296,000	–	5,500	–	0.02%	–
SHOP	New	SHOPIFY INCcl a	$293,000	–	200	–	0.02%	–
BCI	New	Aberdeen Bloomberg All Commodity Strategy K- ETF	$298,000	–	11,313	–	0.02%	–
GOLD	New	BARRICK GOLD CORP	$296,000	–	14,300	–	0.02%	–
BKT	New	BlackRock Income Trust	$243,000	–	38,385	–	0.02%	–
SYK	New	Stryker Corp	$240,000	–	923	–	0.02%	–
BIP	New	Brookfield Infra Ptnr LPUlp int unit	$230,000	–	4,142	–	0.02%	–
MFC	New	Manulife Financial Corporation	$234,000	–	11,917	–	0.02%	–
ARKK	New	ARK Innovation ETFinnovation etf	$221,000	–	1,693	–	0.02%	–
IVV	New	Ishares Tr S&P 500 Indexcore s&p500 etf	$211,000	–	491	–	0.02%	–
BND	New	Vanguard Total Bnd Market ETFtotal bnd mrkt	$207,000	–	2,405	–	0.02%	–
BSV	New	Vanguard Short Term Bond ETFshort trm bond	$210,000	–	2,560	–	0.02%	–
ICVT	New	Ishares Conv Bond ETFconv bd etf	$205,000	–	2,011	–	0.02%	–
TSI	New	TCW Strategic Income Fund	$208,000	–	35,045	–	0.02%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$142,000	–	512	–	0.01%	–
CVX	New	Chevron Corp	$120,000	–	1,142	–	0.01%	–
UL	New	Unilever PLC ADRspon adr new	$46,000	–	792	–	0.00%	–
KKR	New	KKR & Co LP Inc Cl A	$30,000	–	500	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
PDS	Exit	Precision Drilling Corp	$0	–	-48,009	–	-0.00%	–
BKT	Exit	BlackRock Income Trust	$0	–	-13,475	–	-0.01%	–
TSI	Exit	TCW Strategic Income Fund	$0	–	-16,825	–	-0.01%	–
OVV	Exit	Ovintiv Inc	$0	–	-14,490	–	-0.01%	–
GRPU	Exit	GRANITE REAL ESTATEunit99/99/9999	$0	–	-3,700	–	-0.02%	–
CVE	Exit	Cenovus Energy Inc	$0	–	-53,440	–	-0.02%	–
BRKB	Exit	Berkshire Hathaway B Newcl b new	$0	–	-1,030	–	-0.02%	–
NFRA	Exit	FlexShares STOXX Global Broad Infra Index ETFstoxx globr inf	$0	–	-4,389	–	-0.02%	–
VET	Exit	Vermilion Energy Inc	$0	–	-97,513	–	-0.02%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-205,800	–	-0.03%	–
TRP	Exit	TC ENERGY	$0	–	-6,100	–	-0.03%	–
TRI	Exit	THOMSON REUTERS COR	$0	–	-3,300	–	-0.03%	–
PGR	Exit	Progressive Corp Ohio	$0	–	-3,010	–	-0.03%	–
PRN	Exit	Invesco DWA Industrials Momentum ETFdwa indls mumt	$0	–	-3,958	–	-0.03%	–
IVOL	Exit	Kraneshares Quadratic Interest Rate ETFquadrtc int rt	$0	–	-11,205	–	-0.03%	–
AXP	Exit	American Express Co	$0	–	-3,245	–	-0.03%	–
LOW	Exit	Lowe's Companies Inc	$0	–	-2,443	–	-0.04%	–
PYPL	Exit	Paypal Holdings Inc	$0	–	-2,023	–	-0.04%	–
NTR	Exit	NUTRIEN LTD	$0	–	-11,000	–	-0.04%	–
GOLD	Exit	Barrick Gold Corporation	$0	–	-15,367	–	-0.04%	–
ROP	Exit	ROPER TECHNOLOGIES	$0	–	-1,100	–	-0.04%	–
TRGP	Exit	Targa Resources Corp	$0	–	-35,000	–	-0.05%	–
UNP	Exit	Union Pacific Corp	$0	–	-2,640	–	-0.05%	–
TJX	Exit	TJX Companies, Inc	$0	–	-9,420	–	-0.06%	–
TFII	Exit	TFI INTERNATIONAL	$0	–	-12,700	–	-0.06%	–
OTEX	Exit	Open Text Corporation	$0	–	-12,900	–	-0.06%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-1,300	–	-0.06%	–
KGC	Exit	KINROSS GOLD CORP	$0	–	-65,300	–	-0.06%	–
BTG	Exit	B2GOLD CORP	$0	–	-88,300	–	-0.06%	–
VIG	Exit	Vanguard Div Appr ETFdiv app etf	$0	–	-4,800	–	-0.06%	–
FMX	Exit	FOMENTO ECON MEXIspon adr units	$0	–	-11,250	–	-0.07%	–
DVY	Exit	Ishares DJ Sel Dvd Fdselect divid etf	$0	–	-7,690	–	-0.07%	–
TU	Exit	Telus Corporation	$0	–	-38,270	–	-0.07%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-5,250	–	-0.08%	–
SCHW	Exit	SCHWAB CHARLES CORP	$0	–	-20,000	–	-0.08%	–
CBOE	Exit	CBOE GLOBAL MARKET	$0	–	-8,500	–	-0.08%	–
KEYS	Exit	Keysight Technologies Inc	$0	–	-7,590	–	-0.08%	–
MCD	Exit	McDonald's Corp	$0	–	-3,548	–	-0.08%	–
LLY	Exit	Eli Lilly & Co	$0	–	-5,295	–	-0.08%	–
SLF	Exit	Sun Life Financial Services Canada Inc	$0	–	-19,567	–	-0.08%	–
ADP	Exit	Automatc Data Proc	$0	–	-5,675	–	-0.08%	–
CM	Exit	Canadian Imperial Bank of Commerce	$0	–	-11,303	–	-0.09%	–
MCO	Exit	MOODYS CORP	$0	–	-2,950	–	-0.09%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-2,227	–	-0.09%	–
SAIC	Exit	SCIENCE APLCTNS INT	$0	–	-11,000	–	-0.09%	–
BSX	Exit	BOSTON SCIENTIFIC	$0	–	-22,500	–	-0.09%	–
JNK	Exit	SPDR SERIES TRUSTbloombeg bclys	$0	–	-8,312	–	-0.09%	–
AMT	Exit	American Tower Corp	$0	–	-3,715	–	-0.09%	–
GRFS	Exit	GRIFOLS S.A.sp adr rep b nvt	$0	–	-52,500	–	-0.10%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-6,160	–	-0.10%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-11,000	–	-0.10%	–
SHYG	Exit	ISHARES TR0-5yr hu yl cp	$0	–	-21,200	–	-0.10%	–
TPL	Exit	TEXAS PAC LD TRsub ctf prop i t	$0	–	-2,050	–	-0.10%	–
MFC	Exit	Manulife Financial Corporation	$0	–	-68,673	–	-0.10%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-12,000	–	-0.11%	–
CACI	Exit	CACI INTERNATIONALcl a	$0	–	-5,000	–	-0.11%	–
TSLA	Exit	Tesla Motors Inc.	$0	–	-2,570	–	-0.12%	–
PAYX	Exit	PAYCHEX INC	$0	–	-14,000	–	-0.12%	–
PKI	Exit	PERKINELMER INC	$0	–	-9,000	–	-0.12%	–
OTIS	Exit	Otis Worldwide Corp	$0	–	-18,916	–	-0.12%	–
BIL	Exit	SPDR Bloomberg Barclays 1-3 mth T-Billspdr bloomberg	$0	–	-13,151	–	-0.13%	–
FISV	Exit	FISERV INC	$0	–	-12,000	–	-0.13%	–
MO	Exit	Altria Group Inc	$0	–	-35,300	–	-0.14%	–
DIS	Exit	Walt Disney Co	$0	–	-12,311	–	-0.16%	–
SPOT	Exit	SPOTIFY TECHNOLOGY	$0	–	-7,197	–	-0.18%	–
IBKR	Exit	INTERACTIVE BROKERS	$0	–	-38,500	–	-0.20%	–
FIS	Exit	Fidelity Natl Info Svcs	$0	–	-13,253	–	-0.20%	–
SBUX	Exit	Starbucks Corp	$0	–	-23,164	–	-0.21%	–
BLK	Exit	Blackrock Inc	$0	–	-3,625	–	-0.21%	–
WSO	Exit	Watsco Inc	$0	–	-8,825	–	-0.22%	–
BMO	Exit	Bank of Montreal	$0	–	-36,606	–	-0.22%	–
CNQ	Exit	Canadian Natural Resources Limited	$0	–	-136,343	–	-0.23%	–
AMGN	Exit	Amgen Inc	$0	–	-8,599	–	-0.23%	–
GLIBA	Exit	GCI LIBERTY INC	$0	–	-27,500	–	-0.24%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-32,000	–	-0.25%	–
MSGE	Exit	Madison Square Gardencl a	$0	–	-37,975	–	-0.27%	–
ANTM	Exit	Anthem Inc.	$0	–	-10,465	–	-0.29%	–
AQN	Exit	ALGONQUIN POWER&UTI	$0	–	-220,100	–	-0.33%	–
NOA	Exit	NORTH AMERICAN CONS	$0	–	-508,100	–	-0.34%	–
GOOS	Exit	CANADA GOOSE HLDING	$0	–	-107,800	–	-0.36%	–
DFS	Exit	Discover Financial Svcs	$0	–	-62,810	–	-0.38%	–
BCE	Exit	BCE Inc	$0	–	-87,561	–	-0.38%	–
OI	Exit	O-I Glass	$0	–	-363,445	–	-0.40%	–
EMQQ	Exit	Emerging Markets Internet and Ecommerce ETFemqq em intern	$0	–	-74,675	–	-0.41%	–
ENB	Exit	Enbridge Inc	$0	–	-140,780	–	-0.43%	–
HDB	Exit	HDFC Bank Ltd ADRsponsored ads	$0	–	-82,816	–	-0.43%	–
TXN	Exit	Texas Instruments-Cum Rts	$0	–	-31,140	–	-0.46%	–
ETN	Exit	EATON CORPORATION	$0	–	-45,055	–	-0.48%	–
DHR	Exit	Danaher Corp	$0	–	-21,900	–	-0.49%	–
EL	Exit	Estee Lauder Companies Inc CL-Acl a	$0	–	-22,416	–	-0.51%	–
	Exit	BRP INC	$0	–	-96,700	–	-0.53%	–
KL	Exit	KIRKLAND LAKE GOLD	$0	–	-106,582	–	-0.54%	–
NEM	Exit	Newmont Mining Corp. (Holding Co.)	$0	–	-81,850	–	-0.54%	–
EHC	Exit	Encompass Health Corp	$0	–	-79,880	–	-0.54%	–
JNJ	Exit	Johnson & Johnson	$0	–	-35,605	–	-0.55%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-250,066	–	-0.56%	–
AMZN	Exit	Amazon.com Inc	$0	–	-1,703	–	-0.56%	–
DSGX	Exit	Descartes Systems Group Inc	$0	–	-96,865	–	-0.58%	–
ECL	Exit	Ecolab Inc	$0	–	-28,221	–	-0.59%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-75,350	–	-0.59%	–
SHW	Exit	Sherwin-Williams Co	$0	–	-8,122	–	-0.59%	–
WAB	Exit	Wabtec Corp/De .	$0	–	-94,775	–	-0.61%	–
AVGO	Exit	Broadcom Inc	$0	–	-16,435	–	-0.63%	–
DD	Exit	Dupont De Nemours Inc	$0	–	-109,988	–	-0.64%	–
BAC	Exit	Bank of America	$0	–	-253,585	–	-0.64%	–
MMC	Exit	Marsh & McLennan Companies, Inc	$0	–	-53,803	–	-0.64%	–
BAH	Exit	Booz Allen Hamilton Holdings Acl a	$0	–	-77,353	–	-0.67%	–
TSM	Exit	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$0	–	-79,304	–	-0.67%	–
DISCA	Exit	Discovery Inc Ser-A	$0	–	-305,100	–	-0.70%	–
VCSH	Exit	Vanguard S/T Corp Bond ETFshrt trm corp bd	$0	–	-82,227	–	-0.71%	–
GLD	Exit	SPDR Gold Trust ETF	$0	–	-41,728	–	-0.77%	–
CMCSA	Exit	Comcast Corp Cl-Acl a	$0	–	-161,970	–	-0.78%	–
GPN	Exit	Global Payments Inc.	$0	–	-42,199	–	-0.78%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-186,486	–	-0.85%	–
GDX	Exit	VanEck Vectors Gold Miners ETFgold miners etf	$0	–	-208,360	–	-0.85%	–
WMT	Exit	Walmart Inc	$0	–	-61,346	–	-0.90%	–
DEO	Exit	Diageo PLC SP/ADRspon adr new	$0	–	-62,393	–	-0.90%	–
ET	Exit	Energy Transfer LP	$0	–	-1,617,080	–	-0.92%	–
FSV	Exit	FIRSTSERVICE CORP	$0	–	-67,100	–	-0.92%	–
GOOGL	Exit	Alphabet Inc Cl Acap stk cl a	$0	–	-6,165	–	-0.94%	–
FRC	Exit	First Republic Bank	$0	–	-84,350	–	-0.96%	–
MDT	Exit	Medtronic, PLC	$0	–	-91,684	–	-1.00%	–
CVS	Exit	CVS Health Corporation	$0	–	-168,955	–	-1.03%	–
PEP	Exit	PepsiCo, Inc	$0	–	-72,654	–	-1.05%	–
STZ	Exit	Constellation Brands Inc-Acl a	$0	–	-57,456	–	-1.14%	–
BABA	Exit	Alibaba Group ADRsponsored ads	$0	–	-37,782	–	-1.16%	–
ACN	Exit	Accenture PLC Cl-A	$0	–	-56,434	–	-1.33%	–
BAX	Exit	Baxter International Inc	$0	–	-181,435	–	-1.53%	–
MA	Exit	Mastercard Inc Cl-Acl a	$0	–	-45,993	–	-1.62%	–
HON	Exit	Honeywell International Inc	$0	–	-94,787	–	-1.63%	–
AAPL	Exit	Apple Inc	$0	–	-146,247	–	-1.77%	–
CNI	Exit	Canadian National Railway Company	$0	–	-166,028	–	-1.85%	–
UNH	Exit	UnitedHealth Group Inc	$0	–	-60,835	–	-1.98%	–
ABT	Exit	Abbott Laboratories	$0	–	-180,504	–	-2.05%	–
CP	Exit	Canadian Pacific Railway Ltd	$0	–	-65,251	–	-2.07%	–
BDX	Exit	Becton, Dickinson & Co	$0	–	-88,295	–	-2.15%	–
HD	Exit	Home Depot Inc	$0	–	-74,903	–	-2.18%	–
SJR	Exit	Shaw Communications Inc -Bcl b conv	$0	–	-1,231,049	–	-2.35%	–
NKE	Exit	NIKE, Inc Class Bcl b	$0	–	-190,430	–	-2.50%	–
COST	Exit	Costco Wholesale Corp	$0	–	-70,354	–	-2.61%	–
TD	Exit	Toronto-Dominion Bank	$0	–	-553,809	–	-2.68%	–
TMO	Exit	Thermo Fisher Scientific, Inc	$0	–	-61,581	–	-2.84%	–
GOOG	Exit	Alphabet Inc Cl-Ccap stk cl c	$0	–	-19,435	–	-2.99%	–
SPGI	Exit	S&P Global Inc	$0	–	-79,922	–	-3.01%	–
FB	Exit	Facebook Inc Cl-Acl a	$0	–	-112,681	–	-3.09%	–
JPM	Exit	JPMorgan Chase & Company	$0	–	-314,363	–	-3.16%	–
RY	Exit	Royal Bank of Canada	$0	–	-439,036	–	-3.22%	–
V	Exit	Visa Inc	$0	–	-157,120	–	-3.29%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-1,035,691	–	-3.58%	–
MSFT	Exit	Microsoft Corp	$0	–	-213,340	–	-4.69%	–

Q3 2020

			Value		Shares		↓ Weighting
MSFT	Sell	Microsoft Corp	$44,871,000	-3.8%	213,340	-6.9%	4.69%	-3.0%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vt sh	$34,238,000	-9.1%	1,035,691	-9.8%	3.58%	-8.4%
V	Buy	Visa Inc	$31,420,000	+3.8%	157,120	+0.3%	3.29%	+4.6%
RY	Sell	Royal Bank of Canada	$30,788,000	-2.5%	439,036	-6.0%	3.22%	-1.8%
JPM	Buy	JPMorgan Chase & Company	$30,264,000	+19.0%	314,363	+16.3%	3.16%	+20.0%
FB	Sell	Facebook Inc Cl-Acl a	$29,511,000	+10.7%	112,681	-4.0%	3.09%	+11.6%
SPGI	Buy	S&P Global Inc	$28,820,000	+15.8%	79,922	+5.8%	3.01%	+16.7%
GOOG	Sell	Alphabet Inc Cl-Ccap stk cl c	$28,562,000	+3.4%	19,435	-0.5%	2.99%	+4.2%
TMO	Buy	Thermo Fisher Scientific, Inc	$27,190,000	+24.6%	61,581	+2.3%	2.84%	+25.6%
TD	Sell	Toronto-Dominion Bank	$25,615,000	-4.4%	553,809	-8.1%	2.68%	-3.7%
COST	Buy	Costco Wholesale Corp	$24,976,000	+19.3%	70,354	+1.9%	2.61%	+20.3%
NKE	Sell	NIKE, Inc Class Bcl b	$23,906,000	+17.8%	190,430	-8.0%	2.50%	+18.8%
SJR	Sell	Shaw Communications Inc -Bcl b conv	$22,448,000	+9.6%	1,231,049	-2.3%	2.35%	+10.4%
HD	Buy	Home Depot Inc	$20,801,000	+19.3%	74,903	+7.7%	2.18%	+20.2%
BDX	Sell	Becton, Dickinson & Co	$20,544,000	-10.7%	88,295	-8.2%	2.15%	-10.0%
CP	Sell	Canadian Pacific Railway Ltd	$19,832,000	+15.8%	65,251	-3.4%	2.07%	+16.7%
ABT	Sell	Abbott Laboratories	$19,644,000	+17.1%	180,504	-1.6%	2.05%	+18.0%
UNH	Sell	UnitedHealth Group Inc	$18,966,000	-1.8%	60,835	-7.1%	1.98%	-1.0%
CNI	Sell	Canadian National Railway Company	$17,666,000	+4.3%	166,028	-13.5%	1.85%	+5.1%
AAPL	Buy	Apple Inc	$16,937,000	+22.4%	146,247	+285.4%	1.77%	+23.3%
HON	Buy	Honeywell International Inc	$15,602,000	+26.8%	94,787	+11.4%	1.63%	+27.7%
MA	Buy	Mastercard Inc Cl-Acl a	$15,504,000	+43.3%	45,993	+25.7%	1.62%	+44.5%
BAX	Sell	Baxter International Inc	$14,591,000	-22.7%	181,435	-17.2%	1.53%	-22.1%
ACN	Buy	Accenture PLC Cl-A	$12,753,000	+8.4%	56,434	+3.0%	1.33%	+9.3%
BABA	Sell	Alibaba Group ADRsponsored ads	$11,107,000	+23.8%	37,782	-9.1%	1.16%	+24.7%
STZ	Buy	Constellation Brands Inc-Acl a	$10,888,000	+279.8%	57,456	+250.7%	1.14%	+283.5%
PEP	Sell	PepsiCo, Inc	$10,069,000	-1.4%	72,654	-5.9%	1.05%	-0.7%
CVS	Buy	CVS Health Corporation	$9,867,000	-1.3%	168,955	+9.8%	1.03%	-0.5%
MDT	Sell	Medtronic, PLC	$9,528,000	+6.9%	91,684	-5.6%	1.00%	+7.8%
FRC	Buy	First Republic Bank	$9,199,000	+8.8%	84,350	+5.7%	0.96%	+9.7%
GOOGL	Sell	Alphabet Inc Cl Acap stk cl a	$9,035,000	+1.1%	6,165	-2.2%	0.94%	+1.9%
FSV	Sell	FIRSTSERVICE CORP	$8,827,000	+22.3%	67,100	-6.7%	0.92%	+23.2%
ET	Sell	Energy Transfer LP	$8,765,000	-24.9%	1,617,080	-1.4%	0.92%	-24.3%
DEO	Sell	Diageo PLC SP/ADRspon adr new	$8,589,000	-0.2%	62,393	-2.6%	0.90%	+0.6%
WMT	Buy	Walmart Inc	$8,584,000	+17.4%	61,346	+0.5%	0.90%	+18.3%
GDX	Sell	VanEck Vectors Gold Miners ETFgold miners etf	$8,159,000	-23.9%	208,360	-28.7%	0.85%	-23.3%
BNS	Sell	Bank of Nova Scotia	$8,145,000	-68.3%	186,486	-70.0%	0.85%	-68.0%
GPN	Sell	Global Payments Inc.	$7,494,000	-37.5%	42,199	-40.3%	0.78%	-36.9%
CMCSA	Buy	Comcast Corp Cl-Acl a	$7,493,000	+33.2%	161,970	+12.2%	0.78%	+34.2%
GLD	Sell	SPDR Gold Trust ETF	$7,391,000	+4.4%	41,728	-1.3%	0.77%	+5.2%
VCSH	Buy	Vanguard S/T Corp Bond ETFshrt trm corp bd	$6,812,000	+5.5%	82,227	+5.3%	0.71%	+6.3%
DISCA	Sell	Discovery Inc Ser-A	$6,642,000	-1.1%	305,100	-4.2%	0.70%	-0.3%
TSM	Sell	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$6,429,000	-6.4%	79,304	-34.4%	0.67%	-5.6%
BAH	Buy	Booz Allen Hamilton Holdings Acl a	$6,419,000	+12.7%	77,353	+5.6%	0.67%	+13.5%
MMC	Sell	Marsh & McLennan Companies, Inc	$6,172,000	+4.8%	53,803	-1.9%	0.64%	+5.6%
BAC	Sell	Bank of America	$6,109,000	-2.0%	253,585	-3.4%	0.64%	-1.2%
DD	Sell	Dupont De Nemours Inc	$6,102,000	+0.2%	109,988	-4.0%	0.64%	+0.9%
AVGO	Buy	Broadcom Inc	$5,987,000	+17.6%	16,435	+1.9%	0.63%	+18.6%
WAB	New	Wabtec Corp/De .	$5,865,000	–	94,775	–	0.61%	–
SHW	Buy	Sherwin-Williams Co	$5,659,000	+45.6%	8,122	+20.7%	0.59%	+46.9%
PM	Buy	Philip Morris Intl Inc	$5,650,000	+9.4%	75,350	+2.2%	0.59%	+10.3%
ECL	Sell	Ecolab Inc	$5,639,000	-4.0%	28,221	-4.5%	0.59%	-3.3%
DSGX	Sell	Descartes Systems Group Inc	$5,501,000	-18.5%	96,865	-24.5%	0.58%	-17.9%
AMZN	Sell	Amazon.com Inc	$5,363,000	+6.1%	1,703	-7.1%	0.56%	+6.9%
PBA	Sell	Pembina Pipeline Corp	$5,303,000	-15.0%	250,066	-0.1%	0.56%	-14.4%
JNJ	Buy	Johnson & Johnson	$5,301,000	+32.6%	35,605	+25.2%	0.55%	+33.5%
NEM	Buy	Newmont Mining Corp. (Holding Co.)	$5,194,000	+64.8%	81,850	+60.3%	0.54%	+66.1%
EHC	Buy	Encompass Health Corp	$5,191,000	+44.5%	79,880	+37.7%	0.54%	+45.6%
KL	Sell	KIRKLAND LAKE GOLD	$5,187,000	+5.1%	106,582	-11.3%	0.54%	+5.9%
	Sell	BRP INC	$5,093,000	+17.6%	96,700	-5.1%	0.53%	+18.7%
EL	Sell	Estee Lauder Companies Inc CL-Acl a	$4,892,000	+15.1%	22,416	-0.5%	0.51%	+16.1%
DHR	Sell	Danaher Corp	$4,716,000	+13.7%	21,900	-6.7%	0.49%	+14.7%
ETN	Buy	EATON CORPORATION	$4,597,000	+31.9%	45,055	+13.1%	0.48%	+33.2%
TXN	Buy	Texas Instruments-Cum Rts	$4,447,000	+27.1%	31,140	+13.0%	0.46%	+28.1%
HDB	Sell	HDFC Bank Ltd ADRsponsored ads	$4,137,000	+8.6%	82,816	-1.2%	0.43%	+9.6%
ENB	Sell	Enbridge Inc	$4,105,000	-11.6%	140,780	-8.1%	0.43%	-11.0%
EMQQ	New	Emerging Markets Internet and Ecommerce ETFemqq em intern	$3,901,000	–	74,675	–	0.41%	–
OI	Sell	O-I Glass	$3,849,000	+16.1%	363,445	-1.6%	0.40%	+16.9%
DFS	New	Discover Financial Svcs	$3,629,000	–	62,810	–	0.38%	–
BCE	Sell	BCE Inc	$3,624,000	-24.3%	87,561	-24.0%	0.38%	-23.7%
GOOS	Buy	CANADA GOOSE HLDING	$3,452,000	+43.2%	107,800	+3.5%	0.36%	+44.4%
NOA	Sell	NORTH AMERICAN CONS	$3,298,000	-6.2%	508,100	-9.7%	0.34%	-5.5%
AQN	Buy	ALGONQUIN POWER&UTI	$3,187,000	+174.7%	220,100	+144.4%	0.33%	+177.5%
ANTM	Buy	Anthem Inc.	$2,811,000	+24.9%	10,465	+22.3%	0.29%	+25.6%
MSGE	Sell	Madison Square Gardencl a	$2,601,000	-10.3%	37,975	-1.8%	0.27%	-9.6%
GDDY	Buy	GODADDY INCcl a	$2,431,000	+10.5%	32,000	+6.7%	0.25%	+11.4%
AMGN	Buy	Amgen Inc	$2,186,000	+59.9%	8,599	+48.3%	0.23%	+61.3%
CNQ	Buy	Canadian Natural Resources Limited	$2,180,000	+169.5%	136,343	+191.3%	0.23%	+171.4%
BMO	Sell	Bank of Montreal	$2,136,000	+10.0%	36,606	-0.0%	0.22%	+10.9%
WSO	Buy	Watsco Inc	$2,055,000	+102.9%	8,825	+54.8%	0.22%	+104.8%
BLK	Sell	Blackrock Inc	$2,043,000	-18.5%	3,625	-21.4%	0.21%	-17.7%
SBUX	Sell	Starbucks Corp	$1,990,000	+5.5%	23,164	-9.6%	0.21%	+6.1%
FIS	Buy	Fidelity Natl Info Svcs	$1,951,000	+10.1%	13,253	+0.3%	0.20%	+10.9%
IBKR	Sell	INTERACTIVE BROKERS	$1,861,000	+4.8%	38,500	-9.4%	0.20%	+6.0%
DIS	Sell	Walt Disney Co	$1,528,000	-33.9%	12,311	-40.6%	0.16%	-33.3%
MO	New	Altria Group Inc	$1,364,000	–	35,300	–	0.14%	–
FISV	Buy	FISERV INC	$1,237,000	+33.4%	12,000	+26.3%	0.13%	+34.4%
BIL	Sell	SPDR Bloomberg Barclays 1-3 mth T-Billspdr bloomberg	$1,204,000	-89.4%	13,151	-89.4%	0.13%	-89.3%
OTIS	Buy	Otis Worldwide Corp	$1,180,000	+11.3%	18,916	+1.5%	0.12%	+11.8%
TSLA	Buy	Tesla Motors Inc.	$1,103,000	+106.9%	2,570	+420.2%	0.12%	+109.1%
CACI	New	CACI INTERNATIONALcl a	$1,066,000	–	5,000	–	0.11%	–
BKI	Sell	BLACK KNIGHT INC	$1,045,000	-15.3%	12,000	-29.4%	0.11%	-14.8%
MFC	Sell	Manulife Financial Corporation	$952,000	-68.1%	68,673	-68.8%	0.10%	-67.7%
TPL	Buy	TEXAS PAC LD TRsub ctf prop i t	$926,000	+3.8%	2,050	+36.7%	0.10%	+4.3%
HYG	Sell	ISHARES TRiboxx hi yd etf	$923,000	-5.7%	11,000	-8.3%	0.10%	-4.9%
SHYG	Sell	ISHARES TR0-5yr hu yl cp	$932,000	-5.5%	21,200	-7.8%	0.10%	-4.9%
KMB	Sell	Kimberly Clark Corp	$910,000	-63.4%	6,160	-65.0%	0.10%	-63.2%
GRFS	New	GRIFOLS S.A.sp adr rep b nvt	$911,000	–	52,500	–	0.10%	–
AMT	Sell	American Tower Corp	$898,000	-15.7%	3,715	-9.9%	0.09%	-15.3%
JNK	Buy	SPDR SERIES TRUSTbloombeg bclys	$867,000	+74.4%	8,312	+69.2%	0.09%	+75.0%
BSX	Sell	BOSTON SCIENTIFIC	$860,000	-2.1%	22,500	-10.0%	0.09%	-1.1%
SAIC	New	SCIENCE APLCTNS INT	$863,000	–	11,000	–	0.09%	–
MCO	Sell	MOODYS CORP	$855,000	-22.2%	2,950	-26.2%	0.09%	-21.9%
LMT	Buy	Lockheed Martin Corp	$853,000	+27.9%	2,227	+21.9%	0.09%	+29.0%
CM	Buy	Canadian Imperial Bank of Commerce	$843,000	+16.6%	11,303	+4.1%	0.09%	+17.3%
SLF	Buy	Sun Life Financial Services Canada Inc	$796,000	+22.3%	19,567	+10.1%	0.08%	+22.1%
ADP	Sell	Automatc Data Proc	$792,000	-44.5%	5,675	-40.7%	0.08%	-43.9%
LLY	New	Eli Lilly & Co	$784,000	–	5,295	–	0.08%	–
CBOE	Sell	CBOE GLOBAL MARKET	$746,000	-15.8%	8,500	-10.5%	0.08%	-15.2%
KEYS	Sell	Keysight Technologies Inc	$750,000	-32.3%	7,590	-30.9%	0.08%	-32.2%
FNV	Sell	FRANCO NEVADA CORP	$731,000	-43.5%	5,250	-43.5%	0.08%	-43.3%
TU	Sell	Telus Corporation	$671,000	-46.4%	38,270	-48.9%	0.07%	-46.2%
DVY	New	Ishares DJ Sel Dvd Fdselect divid etf	$627,000	–	7,690	–	0.07%	–
FMX	Sell	FOMENTO ECON MEXIspon adr units	$632,000	-41.8%	11,250	-35.7%	0.07%	-41.6%
VIG	New	Vanguard Div Appr ETFdiv app etf	$618,000	–	4,800	–	0.06%	–
BTG	Sell	B2GOLD CORP	$573,000	-22.7%	88,300	-32.4%	0.06%	-22.1%
KGC	Buy	KINROSS GOLD CORP	$574,000	+167.0%	65,300	+118.4%	0.06%	+172.7%
DPZ	Sell	DOMINOS PIZZA INC	$553,000	-0.2%	1,300	-13.3%	0.06%	+1.8%
OTEX	Sell	Open Text Corporation	$543,000	-67.5%	12,900	-67.3%	0.06%	-67.1%
TJX	Sell	TJX Companies, Inc	$525,000	-95.8%	9,420	-96.2%	0.06%	-95.7%
TFII	Sell	TFI INTERNATIONAL	$529,000	+0.8%	12,700	-14.3%	0.06%	+1.9%
NTR	Buy	NUTRIEN LTD	$430,000	+63.5%	11,000	+34.1%	0.04%	+66.7%
GOLD	Sell	Barrick Gold Corporation	$430,000	-61.1%	15,367	-62.7%	0.04%	-60.9%
PYPL	Sell	Paypal Holdings Inc	$399,000	-56.6%	2,023	-61.6%	0.04%	-55.8%
LOW	New	Lowe's Companies Inc	$405,000	–	2,443	–	0.04%	–
AXP	Sell	American Express Co	$325,000	-8.7%	3,245	-13.4%	0.03%	-8.1%
IVOL	Sell	Kraneshares Quadratic Interest Rate ETFquadrtc int rt	$307,000	-11.0%	11,205	-12.0%	0.03%	-11.1%
PRN	New	Invesco DWA Industrials Momentum ETFdwa indls mumt	$302,000	–	3,958	–	0.03%	–
TRI	Sell	THOMSON REUTERS COR	$263,000	-38.4%	3,300	-47.6%	0.03%	-36.4%
TRP	Sell	TC ENERGY	$255,000	-76.1%	6,100	-75.6%	0.03%	-75.7%
CPG	Sell	Crescent Point Energy Corp.	$249,000	-59.0%	205,800	-45.4%	0.03%	-58.7%
VET	Sell	Vermilion Energy Inc	$228,000	-78.3%	97,513	-58.9%	0.02%	-78.0%
NFRA	New	FlexShares STOXX Global Broad Infra Index ETFstoxx globr inf	$219,000	–	4,389	–	0.02%	–
BRKB	Sell	Berkshire Hathaway B Newcl b new	$219,000	-25.5%	1,030	-37.5%	0.02%	-25.8%
CVE	Sell	Cenovus Energy Inc	$208,000	-31.4%	53,440	-17.8%	0.02%	-29.0%
GRPU	Sell	GRANITE REAL ESTATEunit99/99/9999	$214,000	-23.0%	3,700	-31.5%	0.02%	-24.1%
CMPR	Exit	Cimpress PLC	$0	–	-290	–	-0.00%	–
TSQ	Exit	Townsquare Media Inc Cl Acl a	$0	–	-10,000	–	-0.01%	–
VZ	Exit	Verizon Communications Inc	$0	–	-4,105	–	-0.02%	–
ASML	Exit	ASML HLDS NV NY	$0	–	-800	–	-0.03%	–
SBAC	Exit	SBA COMMUNICATIONScl a	$0	–	-1,100	–	-0.03%	–
ADBE	Exit	Adobe Systems Inc	$0	–	-1,085	–	-0.05%	–
QSR	Exit	RESTAURANT BRANDS	$0	–	-12,375	–	-0.07%	–
ADSK	Exit	AUTODESK INC	$0	–	-3,000	–	-0.07%	–
ERF	Exit	ENERPLUS CORP	$0	–	-321,600	–	-0.09%	–
WCN	Exit	WASTE CONNECTIONS	$0	–	-11,250	–	-0.11%	–
COO	Exit	COOPER COMPANIES IN	$0	–	-3,850	–	-0.11%	–
ROST	Exit	Ross Stores Inc	$0	–	-24,212	–	-0.21%	–
CVX	Exit	Chevron Corp	$0	–	-23,376	–	-0.22%	–
SU	Exit	Suncor Energy Inc.	$0	–	-190,683	–	-0.33%	–
STN	Exit	STANTEC INC	$0	–	-114,500	–	-0.37%	–
COWN	Exit	Cowen Group Inc - Cl A New	$0	–	-230,165	–	-0.39%	–
INTC	Exit	Intel Corporation	$0	–	-96,262	–	-0.60%	–
RCI	Exit	Rogers Communications Inc -Bcl b	$0	–	-293,714	–	-1.22%	–

Q2 2020

			Value		Shares		↓ Weighting
MSFT	New	Microsoft Corp	$46,621,000	–	229,084	–	4.84%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$37,669,000	–	1,148,147	–	3.91%	–
RY	New	Royal Bank of Canada	$31,586,000	–	467,001	–	3.28%	–
V	New	Visa Inc	$30,259,000	–	156,639	–	3.14%	–
GOOG	New	Alphabet Inc Cl-Ccap stk cl a	$27,618,000	–	19,537	–	2.87%	–
TD	New	Toronto Dominion Bank	$26,807,000	–	602,489	–	2.78%	–
FB	New	Facebook Inc Cl-Acl a	$26,656,000	–	117,391	–	2.77%	–
BNS	New	BANK OF NOVA SCOTIA	$25,682,000	–	622,542	–	2.66%	–
JPM	New	JPMorgan Chase & Company	$25,428,000	–	270,339	–	2.64%	–
SPGI	New	S&P Global Inc	$24,891,000	–	75,546	–	2.58%	–
BDX	New	Becton Dickinson & Co	$23,005,000	–	96,147	–	2.39%	–
TMO	New	Thermo Fisher Scientific Inc	$21,819,000	–	60,218	–	2.26%	–
COST	New	Costco Wholesale Corp	$20,935,000	–	69,043	–	2.17%	–
SJR	New	Shaw Communications Inc -Bcl b conv	$20,484,000	–	1,259,899	–	2.12%	–
NKE	New	NIKE Inc Class Bcl b	$20,290,000	–	206,936	–	2.10%	–
UNH	New	UnitedHealth Group Inc	$19,315,000	–	65,486	–	2.00%	–
BAX	New	Baxter International Inc	$18,873,000	–	219,205	–	1.96%	–
HD	New	Home Depot Inc	$17,430,000	–	69,576	–	1.81%	–
CP	New	Canadian Pacific Railway Ltd	$17,123,000	–	67,524	–	1.78%	–
CNI	New	Canadian National Railway Company	$16,935,000	–	192,009	–	1.76%	–
ABT	New	Abbott Laboratories	$16,779,000	–	183,514	–	1.74%	–
AAPL	New	Apple Inc	$13,842,000	–	37,946	–	1.44%	–
TJX	New	TJX Companies Inc	$12,468,000	–	246,586	–	1.29%	–
HON	New	Honeywell International Inc	$12,308,000	–	85,124	–	1.28%	–
GPN	New	Global Payments Inc.	$11,983,000	–	70,646	–	1.24%	–
RCI	New	Rogers Communications Inc -Bcl b	$11,765,000	–	293,714	–	1.22%	–
ACN	New	Accenture PLC Cl-A	$11,770,000	–	54,815	–	1.22%	–
ET	New	Energy Transfer LP	$11,674,000	–	1,639,580	–	1.21%	–
BIL	New	SPDR Bloomberg Barclays 1-3 mth T-Billspdr bloomberg	$11,370,000	–	124,221	–	1.18%	–
MA	New	Mastercard Inc Cl-Acl a	$10,817,000	–	36,579	–	1.12%	–
GDX	New	Vaneck Vec Gld Miners ETFgold miners etf	$10,718,000	–	292,210	–	1.11%	–
PEP	New	PepsiCo Inc	$10,214,000	–	77,225	–	1.06%	–
CVS	New	CVS Health Corporation	$9,998,000	–	153,880	–	1.04%	–
BABA	New	Alibaba Group ADRsponsored ads	$8,969,000	–	41,583	–	0.93%	–
GOOGL	New	Alphabet Inc Cl Acap stk cl a	$8,935,000	–	6,301	–	0.93%	–
MDT	New	Medtronic PLC	$8,910,000	–	97,158	–	0.92%	–
DEO	New	Diageo PLC SP/ADRspon adr new	$8,609,000	–	64,060	–	0.89%	–
FRC	New	First Republic Bank	$8,457,000	–	79,785	–	0.88%	–
WMT	New	Walmart Inc.	$7,313,000	–	61,057	–	0.76%	–
FSV	New	FIRSTSERVICE CORP	$7,219,000	–	71,900	–	0.75%	–
GLD	New	SPDR Gold Trust ETF	$7,079,000	–	42,297	–	0.74%	–
TSM	New	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$6,866,000	–	120,949	–	0.71%	–
DSGX	New	DESCARTES SYSTEMS	$6,751,000	–	128,300	–	0.70%	–
DISCA	New	Discovery Inc Ser-A	$6,717,000	–	318,365	–	0.70%	–
VCSH	New	Vanguard S/T Corp Bond ETFshrt trm bond	$6,457,000	–	78,112	–	0.67%	–
PBA	New	Pembina Pipeline Corp	$6,241,000	–	250,416	–	0.65%	–
BAC	New	Bank of America	$6,235,000	–	262,510	–	0.65%	–
DD	New	Dupont De Nemours Inc	$6,090,000	–	114,613	–	0.63%	–
MMC	New	Marsh & McLennan Companies, Inc	$5,890,000	–	54,860	–	0.61%	–
ECL	New	Ecolab Inc	$5,876,000	–	29,538	–	0.61%	–
INTC	New	Intel Corporation	$5,759,000	–	96,262	–	0.60%	–
BAH	New	Booz Allen Hamilton Holdings Acl a	$5,696,000	–	73,229	–	0.59%	–
CMCSA	New	Comcast Corp Cl-Acl a	$5,627,000	–	144,369	–	0.58%	–
PM	New	Philip Morris Intl Inc	$5,164,000	–	73,700	–	0.54%	–
AVGO	New	Broadcom Inc	$5,093,000	–	16,135	–	0.53%	–
AMZN	New	Amazon.com Inc	$5,056,000	–	1,833	–	0.52%	–
KL	New	KIRKLAND LAKE GOLD	$4,933,000	–	120,182	–	0.51%	–
BCE	New	BCE Inc	$4,790,000	–	115,216	–	0.50%	–
ENB	New	Enbridge Inc	$4,642,000	–	153,163	–	0.48%	–
	New	BRP INC	$4,332,000	–	101,900	–	0.45%	–
EL	New	Estee Lauder Companies Inc CL-Acl a	$4,252,000	–	22,536	–	0.44%	–
DHR	New	Danaher Corp	$4,149,000	–	23,463	–	0.43%	–
JNJ	New	Johnson & Johnson	$3,999,000	–	28,435	–	0.42%	–
SHW	New	Sherwin-Williams Co	$3,888,000	–	6,729	–	0.40%	–
HDB	New	HDFC Bank Ltd ADRsponsored ads	$3,810,000	–	83,816	–	0.40%	–
COWN	New	Cowen Group Inc - Cl A New	$3,731,000	–	230,165	–	0.39%	–
EHC	New	Encompass Health Corp	$3,592,000	–	58,010	–	0.37%	–
STN	New	STANTEC INC	$3,524,000	–	114,500	–	0.37%	–
NOA	New	NORTH AMERICAN CONST	$3,515,000	–	562,600	–	0.36%	–
TXN	New	Texas Instruments-Cum Rts	$3,500,000	–	27,565	–	0.36%	–
ETN	New	EATON CORPORATION	$3,484,000	–	39,830	–	0.36%	–
OI	New	O-I Glass	$3,315,000	–	369,195	–	0.34%	–
SU	New	Suncor Energy Inc.	$3,205,000	–	190,683	–	0.33%	–
NEM	New	Newmont Mining Corp. (Holding Co.)	$3,152,000	–	51,075	–	0.33%	–
MFC	New	Manulife Financial Corporation	$2,983,000	–	219,923	–	0.31%	–
MSGE	New	Madison Square Gardencl a	$2,900,000	–	38,675	–	0.30%	–
STZ	New	Constellation Brands Inc Cl-Acl a	$2,867,000	–	16,385	–	0.30%	–
BLK	New	BLACKROCK INC	$2,508,000	–	4,610	–	0.26%	–
KMB	New	Kimberly Clark Corp	$2,485,000	–	17,585	–	0.26%	–
GOOS	New	CANADA GOOSE HLDINGS	$2,411,000	–	104,200	–	0.25%	–
DIS	New	Walt Disney Co	$2,311,000	–	20,734	–	0.24%	–
ANTM	New	Anthem Inc.	$2,251,000	–	8,559	–	0.23%	–
GDDY	New	GODADDY INCcl a	$2,200,000	–	30,000	–	0.23%	–
CVX	New	Chevron Corp	$2,086,000	–	23,376	–	0.22%	–
ROST	New	Ross Stores Inc	$2,064,000	–	24,212	–	0.21%	–
GLIBA	New	GCI LIBERTY INC	$1,956,000	–	27,500	–	0.20%	–
BMO	New	BANK OF MONTREAL	$1,942,000	–	36,611	–	0.20%	–
SBUX	New	Starbucks Corp	$1,886,000	–	25,627	–	0.20%	–
SPOT	New	SPOTIFY TECHNOLOGY	$1,858,000	–	7,197	–	0.19%	–
FIS	New	Fidelity Natl Info Svcs	$1,772,000	–	13,214	–	0.18%	–
IBKR	New	INTERACTIVE BROKERS	$1,775,000	–	42,500	–	0.18%	–
OTEX	New	Open Text Corporation	$1,669,000	–	39,425	–	0.17%	–
ADP	New	Automatc Data Proc	$1,426,000	–	9,575	–	0.15%	–
AMGN	New	Amgen Inc	$1,367,000	–	5,799	–	0.14%	–
FNV	New	Franco-Nevada Corp	$1,293,000	–	9,287	–	0.13%	–
TU	New	Telus Corporation	$1,252,000	–	74,895	–	0.13%	–
BKI	New	BLACK KNIGHT INC	$1,234,000	–	17,000	–	0.13%	–
AQN	New	ALGONQUIN POWER&UTI	$1,160,000	–	90,050	–	0.12%	–
GOLD	New	Barrick Gold Corporation	$1,106,000	–	41,231	–	0.12%	–
KEYS	New	Keysight Technologies Inc	$1,108,000	–	10,990	–	0.12%	–
MCO	New	MOODYS CORP	$1,099,000	–	4,000	–	0.11%	–
COO	New	COOPER COMPANIES IN	$1,092,000	–	3,850	–	0.11%	–
FMX	New	FOMENTO ECON MEXIspon econ mexi	$1,085,000	–	17,500	–	0.11%	–
TRP	New	TC ENERGY	$1,066,000	–	25,025	–	0.11%	–
AMT	New	American Tower Corp	$1,065,000	–	4,121	–	0.11%	–
PAYX	New	PAYCHEX INC	$1,061,000	–	14,000	–	0.11%	–
OTIS	New	Otis Worldwide Corp	$1,060,000	–	18,641	–	0.11%	–
VET	New	Vermilion Energy Inc	$1,052,000	–	237,153	–	0.11%	–
WCN	New	WASTE CONNECTIONS	$1,051,000	–	11,250	–	0.11%	–
WSO	New	WATSCO INC	$1,013,000	–	5,700	–	0.10%	–
HYG	New	ISHARES TRiboxx hi yd etf	$979,000	–	12,000	–	0.10%	–
SHYG	New	ISHARES TR0-5yr hi yl cp	$986,000	–	23,000	–	0.10%	–
FISV	New	FISERV INC	$927,000	–	9,500	–	0.10%	–
PYPL	New	Paypal Holdings Inc	$919,000	–	5,273	–	0.10%	–
ERF	New	ENERPLUS CORP	$902,000	–	321,600	–	0.09%	–
TPL	New	TEXAS PAC LD TRsub ctf prop i t	$892,000	–	1,500	–	0.09%	–
PKI	New	PERKINELMER INC	$883,000	–	9,000	–	0.09%	–
CBOE	New	CBOE GLOBAL MARKET	$886,000	–	9,500	–	0.09%	–
BSX	New	BOSTON SCIENTIFIC	$878,000	–	25,000	–	0.09%	–
CNQ	New	Canadian Natural Resources Limited	$809,000	–	46,808	–	0.08%	–
BTG	New	B2GOLD CORP	$741,000	–	130,700	–	0.08%	–
CM	New	Canadian Imperial Bank of Commerce	$723,000	–	10,853	–	0.08%	–
ADSK	New	AUTODESK INC	$718,000	–	3,000	–	0.07%	–
TRGP	New	Targa Resources Corp	$702,000	–	35,000	–	0.07%	–
SCHW	New	SCHWAB CHARLES CORP	$675,000	–	20,000	–	0.07%	–
QSR	New	RESTAURANT BRANDS	$671,000	–	12,375	–	0.07%	–
LMT	New	Lockheed Martin Corp	$667,000	–	1,827	–	0.07%	–
MCD	New	McDonald's Corp	$654,000	–	3,548	–	0.07%	–
SLF	New	Sun Life Financial Services Canada Inc	$651,000	–	17,767	–	0.07%	–
CPG	New	Crescent Point Energy Corp.	$608,000	–	376,600	–	0.06%	–
DPZ	New	DOMINOS PIZZA INC	$554,000	–	1,500	–	0.06%	–
TSLA	New	Tesla Motors Inc.	$533,000	–	494	–	0.06%	–
TFII	New	TFI INTERNATIONAL	$525,000	–	14,825	–	0.05%	–
JNK	New	SPDR SERIES TRUSTbloomberg brclys	$497,000	–	4,912	–	0.05%	–
ADBE	New	Adobe Systems Inc	$472,000	–	1,085	–	0.05%	–
UNP	New	Union Pacific Corp	$446,000	–	2,640	–	0.05%	–
TRI	New	THOMSON REUTERS COR	$427,000	–	6,300	–	0.04%	–
ROP	New	ROPER TECHNOLOGIES	$427,000	–	1,100	–	0.04%	–
AXP	New	American Express Co	$356,000	–	3,745	–	0.04%	–
IVOL	New	Kraneshares Quadratic Interest Rate ETFquadrtc int rt	$345,000	–	12,726	–	0.04%	–
SBAC	New	SBA COMMUNICATIONScl a	$328,000	–	1,100	–	0.03%	–
ASML	New	ASML HLDS NV NY	$294,000	–	800	–	0.03%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$294,000	–	1,647	–	0.03%	–
CVE	New	Cenovus Energy Inc	$303,000	–	65,010	–	0.03%	–
GRPU	New	GRANITE REAL ESTATEunit 99/99/9999	$278,000	–	5,400	–	0.03%	–
NTR	New	NUTRIEN LTD	$263,000	–	8,200	–	0.03%	–
PGR	New	Progressive Corp Ohio	$241,000	–	3,010	–	0.02%	–
VZ	New	Verizon Communications Inc	$226,000	–	4,105	–	0.02%	–
KGC	New	KINROSS GOLD CORP	$215,000	–	29,900	–	0.02%	–
OVV	New	Ovintiv Inc	$138,000	–	14,490	–	0.01%	–
TSI	New	TCW Strategic Income Fund	$92,000	–	16,825	–	0.01%	–
BKT	New	BlackRock Income Trust	$83,000	–	13,475	–	0.01%	–
TSQ	New	Townsquare Media Inc Cl Acl a	$45,000	–	10,000	–	0.01%	–
PDS	New	Precision Drilling Corp	$37,000	–	48,009	–	0.00%	–
CMPR	New	Cimpress PLC	$22,000	–	290	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
CCJ	Exit	CAMECO CORPcall	$0	–	-12,000	–	-0.00%	–
PDS	Exit	Precision Drilling Corp	$0	–	-47,009	–	-0.01%	–
TSQ	Exit	Townsquare Media Inc Cl Acl a	$0	–	-10,000	–	-0.01%	–
	Exit	ENBRIDGE INC	$0	–	-5,000	–	-0.01%	–
BIP	Exit	Brookfield Infra Ptnr LPUlp int unit	$0	–	-3,218	–	-0.02%	–
EOG	Exit	EOG RESOURCES INC	$0	–	-2,200	–	-0.02%	–
SYK	Exit	Stryker Corp	$0	–	-985	–	-0.02%	–
	Exit	BRP INC	$0	–	-5,900	–	-0.02%	–
TECK	Exit	Teck Resources Ltd Bcl b	$0	–	-15,050	–	-0.02%	–
SVM	Exit	SILVERCORP METALS	$0	–	-63,900	–	-0.02%	–
AINV	Exit	Apollo Investment Corp-New	$0	–	-15,519	–	-0.02%	–
GLD	Exit	SPDR Gold Trust ETF	$0	–	-1,944	–	-0.03%	–
BHC	Exit	BAUSCH HEALTH COMPAN	$0	–	-13,000	–	-0.03%	–
EMB	Exit	Ishares JPM USD Emrg Mktjpmorgan usd emg	$0	–	-2,615	–	-0.03%	–
SSRM	Exit	SSR MINING	$0	–	-20,900	–	-0.03%	–
VB	Exit	Vanguard Small-Cap ETFsmall cp etf	$0	–	-2,022	–	-0.03%	–
BRKB	Exit	Berkshire Hathaway B Newcl b new	$0	–	-1,682	–	-0.03%	–
	Exit	ENBRIDGE INC	$0	–	-20,000	–	-0.03%	–
VZ	Exit	Verizon Communications Inc	$0	–	-6,500	–	-0.04%	–
DPZ	Exit	DOMINOS PIZZA INC	$0	–	-1,600	–	-0.04%	–
ABT	Exit	Abbott Laboratories	$0	–	-4,800	–	-0.04%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-5,200	–	-0.04%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-6,200	–	-0.04%	–
TYL	Exit	TYLER TECHN INC	$0	–	-1,600	–	-0.04%	–
ROP	Exit	ROPER TECHNOLOGIES	$0	–	-1,200	–	-0.04%	–
KL	Exit	KIRKLAND LAKE GOLD	$0	–	-9,900	–	-0.04%	–
IQV	Exit	IQVIA HOLDINGS INC	$0	–	-3,000	–	-0.04%	–
DLTR	Exit	Dollar Tree Inc	$0	–	-4,214	–	-0.05%	–
PVG	Exit	PRETIUM RESOURCES	$0	–	-44,400	–	-0.05%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-1,337	–	-0.05%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-5,000	–	-0.05%	–
EQIX	Exit	EQUINIX INC	$0	–	-900	–	-0.05%	–
PH	Exit	Parker-Hannifin Corp	$0	–	-2,945	–	-0.05%	–
UNP	Exit	Union Pacific Corp	$0	–	-3,295	–	-0.05%	–
CVE	Exit	Cenovus Energy Inc	$0	–	-56,174	–	-0.05%	–
BSX	Exit	BOSTON SCIENTIFIC	$0	–	-13,500	–	-0.05%	–
CBOE	Exit	CBOE GLOBAL MARKET	$0	–	-5,000	–	-0.06%	–
NTR	Exit	NUTRIEN LTD	$0	–	-11,650	–	-0.06%	–
CP	Exit	Canadian Pacific Railway Ltd	$0	–	-2,621	–	-0.06%	–
PANW	Exit	PALO ALTO NETWORKS	$0	–	-3,000	–	-0.06%	–
CCJ	Exit	CAMECO CORP	$0	–	-65,000	–	-0.06%	–
BTEGF	Exit	BAYTEX ENERGY CORP	$0	–	-425,379	–	-0.06%	–
MCO	Exit	MOODYS CORP	$0	–	-3,250	–	-0.06%	–
BKI	Exit	BLACK KNIGHT INC	$0	–	-11,000	–	-0.06%	–
CM	Exit	Canadian Imperial Bank of Commerce	$0	–	-8,355	–	-0.07%	–
SPHY	Exit	SPDR SER TRportfoli high yld	$0	–	-26,700	–	-0.07%	–
PAYX	Exit	PAYCHEX INC	$0	–	-8,500	–	-0.07%	–
PKI	Exit	PERKINELMER INC	$0	–	-8,250	–	-0.07%	–
GIL	Exit	GILDAN ACTIVEWEAR	$0	–	-21,400	–	-0.07%	–
ANTM	Exit	ANTHEM INC	$0	–	-3,250	–	-0.08%	–
ECA	Exit	Encana Corporation	$0	–	-169,600	–	-0.08%	–
LLY	Exit	Eli Lilly & Co	$0	–	-7,455	–	-0.08%	–
PGR	Exit	Progressive Corp Ohio	$0	–	-11,350	–	-0.08%	–
ASML	Exit	ASML HLDS NV NY	$0	–	-3,500	–	-0.08%	–
SHYG	Exit	ISHARES TR0-5yr hi yl co	$0	–	-18,700	–	-0.08%	–
GDDY	Exit	GODADDY INCcl a	$0	–	-13,500	–	-0.09%	–
GLIBA	Exit	GCI LIBERTY INC	$0	–	-15,000	–	-0.09%	–
WSO	Exit	Watsco Inc	$0	–	-5,650	–	-0.09%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-12,700	–	-0.09%	–
FMX	Exit	FOMENTO ECON MEXIspon adr units	$0	–	-11,000	–	-0.10%	–
YUM	Exit	YUM! Brands Inc.	$0	–	-9,965	–	-0.10%	–
BR	Exit	Broadridge Finl Solns Inc	$0	–	-8,325	–	-0.10%	–
TXN	Exit	Texas Instruments-Cum Rts	$0	–	-8,040	–	-0.10%	–
BKNG	Exit	Booking Holdings Inc	$0	–	-533	–	-0.10%	–
AMGN	Exit	Amgen Inc	$0	–	-5,524	–	-0.10%	–
SPOT	Exit	SPOTIFY TECHNOLOGY	$0	–	-9,570	–	-0.10%	–
BKLN	Exit	INVESCO EXCHNG TRADEsr ln etf	$0	–	-50,800	–	-0.11%	–
AMZN	Exit	Amazon.com Inc	$0	–	-665	–	-0.11%	–
MCD	Exit	McDonald's Corp	$0	–	-5,598	–	-0.12%	–
SLF	Exit	SUN LIFE FNCL INC	$0	–	-29,501	–	-0.13%	–
AMT	Exit	American Tower Corp	$0	–	-5,371	–	-0.14%	–
IBKR	Exit	INTERACTIVE BROKERS	$0	–	-31,000	–	-0.16%	–
DIS	Exit	Walt Disney Co	$0	–	-13,352	–	-0.17%	–
CNQ	Exit	Canadian Natural Resources Limited	$0	–	-66,516	–	-0.17%	–
PSX	Exit	Phillips 66	$0	–	-17,235	–	-0.17%	–
DE	Exit	Deere & Co	$0	–	-10,575	–	-0.17%	–
SCHW	Exit	THE CHARLES SCHWAB	$0	–	-44,275	–	-0.18%	–
SBUX	Exit	Starbucks Corp	$0	–	-21,427	–	-0.18%	–
HBM	Exit	HUDBAY MINERALS	$0	–	-539,600	–	-0.19%	–
CVX	Exit	Chevron Corp	$0	–	-16,808	–	-0.19%	–
OTEX	Exit	Open Text Corporation	$0	–	-49,100	–	-0.19%	–
ROST	Exit	Ross Stores Inc	$0	–	-20,175	–	-0.21%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-543,592	–	-0.22%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-42,031	–	-0.22%	–
BMO	Exit	Bank of Montreal	$0	–	-31,981	–	-0.23%	–
ADP	Exit	Automatc Data Proc	$0	–	-14,875	–	-0.23%	–
KMB	Exit	Kimberly Clark Corp	$0	–	-17,385	–	-0.24%	–
CNI	Exit	Canadian National Railway Company	$0	–	-28,650	–	-0.25%	–
EL	Exit	Estee Lauder Companies Inc CL-Acl a	$0	–	-14,302	–	-0.27%	–
GOOS	Exit	CANADA GOOSE HLDINGS	$0	–	-64,800	–	-0.27%	–
MA	Exit	Mastercard Inc Cl-Acl a	$0	–	-10,543	–	-0.28%	–
TM	Exit	Toyota Motor Corp ADR	$0	–	-21,515	–	-0.28%	–
ERF	Exit	ENERPLUS CORP	$0	–	-399,300	–	-0.29%	–
BUD	Exit	ANHEUSER BUSCH INBEVsponsored adr	$0	–	-31,476	–	-0.29%	–
AVGO	Exit	Broadcom Inc	$0	–	-11,185	–	-0.30%	–
SWK	Exit	STANLEY BLACK&DECKR	$0	–	-21,693	–	-0.30%	–
SHW	Exit	SHERWIN WILLIAMS CO	$0	–	-6,070	–	-0.32%	–
MFC	Exit	Manulife Financial Corporation	$0	–	-188,373	–	-0.33%	–
DHR	Exit	Danaher Corp	$0	–	-25,519	–	-0.35%	–
KSS	Exit	Kohl's Corp.	$0	–	-77,070	–	-0.37%	–
ECL	Exit	Ecolab Inc	$0	–	-20,060	–	-0.38%	–
BLK	Exit	Blackrock Inc	$0	–	-9,430	–	-0.40%	–
ETN	Exit	Eaton Corporation	$0	–	-51,438	–	-0.41%	–
BA	Exit	Boeing Company	$0	–	-10,716	–	-0.44%	–
WFC	Exit	Wells Fargo & Co	$0	–	-95,163	–	-0.46%	–
HDB	Exit	HDFC Bank Ltd ADRsponsored ads	$0	–	-85,500	–	-0.47%	–
BCE	Exit	BCE Inc	$0	–	-104,083	–	-0.48%	–
SPGI	Exit	S&P Global Inc	$0	–	-21,022	–	-0.50%	–
DSGX	Exit	DESCARTES SYSTEMS	$0	–	-129,500	–	-0.50%	–
TSM	Exit	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$0	–	-113,605	–	-0.51%	–
COWN	Exit	Cowen Group Inc - Cl A Newcl a new	$0	–	-396,025	–	-0.59%	–
JNJ	Exit	Johnson & Johnson	$0	–	-48,948	–	-0.61%	–
BABA	Exit	Alibaba Group ADRsponsored ads	$0	–	-37,380	–	-0.62%	–
VET	Exit	Vermilion Energy Inc	$0	–	-386,436	–	-0.62%	–
NOA	Exit	NORTH AMERICAN CONST	$0	–	-578,000	–	-0.64%	–
MET	Exit	MetLife Inc	$0	–	-147,780	–	-0.67%	–
FSV	Exit	FIRSTSERVICE CORP	$0	–	-70,600	–	-0.70%	–
HD	Exit	Home Depot Inc	$0	–	-32,175	–	-0.72%	–
FRC	Exit	First Republic Bank	$0	–	-77,638	–	-0.72%	–
OI	Exit	Owens-Illinois Inc	$0	–	-771,175	–	-0.76%	–
AIG	Exit	American Intl Group New	$0	–	-142,922	–	-0.76%	–
UTX	Exit	United Technologies Corp	$0	–	-59,296	–	-0.78%	–
GOOGL	Exit	Alphabet Inc Cl Acap stk cl a	$0	–	-6,633	–	-0.78%	–
WMT	Exit	Walmart Inc.	$0	–	-68,496	–	-0.78%	–
C	Exit	Citigroup Inc New	$0	–	-122,225	–	-0.81%	–
BAC	Exit	Bank of America	$0	–	-290,475	–	-0.82%	–
COST	Exit	Costco Wholesale Corp	$0	–	-30,618	–	-0.85%	–
ACN	Exit	Accenture PLC Cl-A	$0	–	-45,911	–	-0.86%	–
EHC	Exit	Encompass Health Corp	$0	–	-146,605	–	-0.89%	–
DFS	Exit	Discover Financial Svcs	$0	–	-115,415	–	-0.90%	–
DISCA	Exit	Discovery Inc Ser-A	$0	–	-370,775	–	-0.95%	–
ET	Exit	Energy Transfer LP	$0	–	-817,895	–	-1.03%	–
PEP	Exit	PepsiCo Inc	$0	–	-83,040	–	-1.09%	–
DEO	Exit	Diageo PLC SP/ADRspon adr new	$0	–	-69,850	–	-1.10%	–
HON	Exit	Honeywell International Inc	$0	–	-76,421	–	-1.24%	–
CVS	Exit	CVS Health Corporation	$0	–	-211,515	–	-1.28%	–
AAPL	Exit	Apple Inc	$0	–	-62,594	–	-1.35%	–
BHF	Exit	Brighthouse Financial Inc	$0	–	-368,810	–	-1.44%	–
TJX	Exit	TJX Companies Inc	$0	–	-302,535	–	-1.62%	–
TMO	Exit	Thermo Fisher Scientific Inc	$0	–	-59,501	–	-1.67%	–
MDT	Exit	Medtronic PLC	$0	–	-161,133	–	-1.68%	–
RCI	Exit	Rogers Communications Inc -Bcl b	$0	–	-371,618	–	-1.73%	–
BAX	Exit	Baxter International Inc	$0	–	-210,973	–	-1.77%	–
NKE	Exit	NIKE Inc Class Bcl b	$0	–	-199,510	–	-1.80%	–
STZ	Exit	Constellation Brands Inc Cl-Acl a	$0	–	-90,636	–	-1.81%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-77,177	–	-1.88%	–
UNH	Exit	UnitedHealth Group Inc	$0	–	-91,224	–	-1.91%	–
FB	Exit	Facebook Inc Cl-Acl a	$0	–	-122,527	–	-2.10%	–
CMCSA	Exit	Comcast Corp Cl-Acl a	$0	–	-491,381	–	-2.13%	–
SJR	Exit	Shaw Communications Inc -Bcl b conv	$0	–	-1,211,135	–	-2.29%	–
RTN	Exit	Raytheon Company	$0	–	-124,602	–	-2.35%	–
GOOG	Exit	Alphabet Inc Cl-Ccap stk cl c	$0	–	-20,440	–	-2.40%	–
IMO	Exit	Imperial Oil Ltd	$0	–	-983,524	–	-2.46%	–
SU	Exit	Suncor Energy Inc.	$0	–	-858,773	–	-2.60%	–
V	Exit	Visa Inc	$0	–	-158,186	–	-2.62%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-767,334	–	-2.74%	–
MSFT	Exit	Microsoft Corp	$0	–	-214,754	–	-2.87%	–
JPM	Exit	J.P. Morgan Chase&Company	$0	–	-299,128	–	-3.38%	–
RY	Exit	Royal Bank of Canada	$0	–	-434,023	–	-3.38%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-757,372	–	-4.14%	–
TD	Exit	Toronto Dominion Bank	$0	–	-763,723	–	-4.28%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-846,313	–	-4.32%	–

Q3 2019

			Value		Shares		↓ Weighting
BAM	Buy	Brookfield Asset Mgt A LVcl a ltd vt sh	$44,947,000	+11.6%	846,313	+0.5%	4.32%	+11.7%
TD	Sell	Toronto Dominion Bank	$44,542,000	-4.7%	763,723	-4.5%	4.28%	-4.6%
BNS	Sell	Bank of Nova Scotia	$43,025,000	+2.1%	757,372	-3.4%	4.14%	+2.2%
RY	Sell	Royal Bank of Canada	$35,217,000	-10.9%	434,023	-12.7%	3.38%	-10.9%
JPM	Sell	J.P. Morgan Chase&Company	$35,204,000	-20.7%	299,128	-24.7%	3.38%	-20.6%
MSFT	Sell	Microsoft Corp	$29,857,000	-16.5%	214,754	-19.5%	2.87%	-16.4%
PBA	Sell	Pembina Pipeline Corp	$28,447,000	-4.1%	767,334	-3.7%	2.74%	-4.0%
V	Sell	Visa Inc	$27,210,000	-1.7%	158,186	-0.8%	2.62%	-1.6%
SU	Sell	Suncor Energy Inc.	$27,094,000	+1.0%	858,773	-0.2%	2.60%	+1.0%
IMO	Sell	Imperial Oil Ltd	$25,615,000	-7.2%	983,524	-1.3%	2.46%	-7.1%
GOOG	Sell	Alphabet Inc Cl-Ccap stk cl c	$24,916,000	+8.2%	20,440	-4.0%	2.40%	+8.3%
RTN	Sell	Raytheon Company	$24,445,000	+9.9%	124,602	-2.6%	2.35%	+10.0%
SJR	Sell	Shaw Communications Inc -Bcl b conv	$23,800,000	-4.9%	1,211,135	-1.3%	2.29%	-4.9%
CMCSA	Buy	Comcast Corp Cl-Acl a	$22,152,000	+7.0%	491,381	+0.4%	2.13%	+7.1%
FB	Buy	Facebook Inc Cl-Acl a	$21,820,000	+24.6%	122,527	+35.0%	2.10%	+24.7%
UNH	Buy	UnitedHealth Group Inc	$19,825,000	-10.4%	91,224	+0.6%	1.91%	-10.3%
BDX	Sell	Becton Dickinson & Co	$19,523,000	+0.2%	77,177	-0.1%	1.88%	+0.3%
STZ	Sell	Constellation Brands Inc Cl-Acl a	$18,787,000	+4.2%	90,636	-1.0%	1.81%	+4.3%
NKE	Buy	NIKE Inc Class Bcl b	$18,738,000	+13.2%	199,510	+1.2%	1.80%	+13.3%
BAX	Sell	Baxter International Inc	$18,454,000	+4.7%	210,973	-2.0%	1.77%	+4.7%
RCI	Buy	Rogers Communications Inc -Bcl b	$18,001,000	+57.5%	371,618	+74.1%	1.73%	+57.6%
MDT	Sell	Medtronic PLC	$17,503,000	-7.6%	161,133	-17.2%	1.68%	-7.5%
TMO	Buy	Thermo Fisher Scientific Inc	$17,331,000	+43.3%	59,501	+44.5%	1.67%	+43.5%
TJX	Sell	TJX Companies Inc	$16,864,000	+4.6%	302,535	-0.8%	1.62%	+4.6%
BHF	Sell	Brighthouse Financial Inc	$14,925,000	+7.1%	368,810	-2.9%	1.44%	+7.2%
AAPL	Sell	Apple Inc	$14,019,000	+8.7%	62,594	-3.9%	1.35%	+8.8%
CVS	New	CVS Health Corporation	$13,341,000	–	211,515	–	1.28%	–
HON	Sell	Honeywell International Inc	$12,931,000	-5.9%	76,421	-2.9%	1.24%	-5.8%
DEO	Buy	Diageo PLC SP/ADRspon adr new	$11,421,000	+140.9%	69,850	+153.9%	1.10%	+141.3%
PEP	Buy	PepsiCo Inc	$11,385,000	+442.1%	83,040	+418.7%	1.09%	+441.6%
ET	Buy	Energy Transfer LP	$10,698,000	+74.1%	817,895	+87.4%	1.03%	+74.2%
DISCA	Sell	Discovery Inc Ser-A	$9,874,000	-14.9%	370,775	-1.8%	0.95%	-14.8%
DFS	Sell	Discover Financial Svcs	$9,359,000	-16.7%	115,415	-20.3%	0.90%	-16.6%
EHC	Buy	Encompass Health Corp	$9,277,000	+31.3%	146,605	+31.5%	0.89%	+31.4%
ACN	Sell	Accenture PLC Cl-A	$8,918,000	+4.0%	45,911	-1.0%	0.86%	+4.1%
COST	Buy	Costco Wholesale Corp	$8,821,000	+22.2%	30,618	+12.1%	0.85%	+22.4%
BAC	Sell	Bank of America	$8,473,000	-40.7%	290,475	-41.0%	0.82%	-40.6%
C	Sell	Citigroup Inc New	$8,444,000	-20.4%	122,225	-19.3%	0.81%	-20.3%
WMT	Sell	Walmart Inc.	$8,130,000	+6.8%	68,496	-0.5%	0.78%	+7.0%
GOOGL	Buy	Alphabet Inc Cl Acap stk cl a	$8,100,000	+15.4%	6,633	+2.3%	0.78%	+15.6%
UTX	Sell	United Technologies Corp	$8,095,000	+1.8%	59,296	-3.0%	0.78%	+1.8%
AIG	Sell	American Intl Group New	$7,960,000	-17.4%	142,922	-21.0%	0.76%	-17.4%
OI	Buy	Owens-Illinois Inc	$7,920,000	-38.0%	771,175	+4.2%	0.76%	-38.0%
FRC	Buy	First Republic Bank	$7,508,000	+0.5%	77,638	+1.5%	0.72%	+0.6%
HD	Buy	Home Depot Inc	$7,466,000	+15.8%	32,175	+3.8%	0.72%	+15.8%
FSV	Sell	FIRSTSERVICE CORP	$7,243,000	-4.3%	70,600	-10.1%	0.70%	-4.3%
MET	Sell	MetLife Inc	$6,969,000	-29.5%	147,780	-25.8%	0.67%	-29.5%
NOA	Sell	NORTH AMERICAN CONST	$6,666,000	+5.6%	578,000	-1.2%	0.64%	+5.6%
VET	Sell	Vermilion Energy Inc	$6,439,000	-43.7%	386,436	-25.9%	0.62%	-43.6%
BABA	Sell	Alibaba Group ADRsponsored ads	$6,418,000	+0.0%	37,380	-1.3%	0.62%	+0.2%
JNJ	Buy	Johnson & Johnson	$6,333,000	-6.9%	48,948	+0.2%	0.61%	-6.9%
COWN	Sell	Cowen Group Inc - Cl A Newcl a new	$6,095,000	-23.6%	396,025	-14.6%	0.59%	-23.5%
TSM	Sell	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$5,280,000	+18.3%	113,605	-0.4%	0.51%	+18.4%
SPGI	Buy	S&P Global Inc	$5,150,000	+26.3%	21,022	+17.5%	0.50%	+26.3%
BCE	Buy	BCE Inc	$5,036,000	+17.6%	104,083	+10.7%	0.48%	+17.8%
HDB	Buy	HDFC Bank Ltd ADRsponsored ads	$4,878,000	-12.3%	85,500	+100.0%	0.47%	-12.2%
WFC	Buy	Wells Fargo & Co	$4,800,000	+44.8%	95,163	+35.9%	0.46%	+45.0%
BA	Buy	Boeing Company	$4,611,000	+32.2%	10,716	+11.8%	0.44%	+32.2%
ETN	Sell	Eaton Corporation	$4,277,000	-0.7%	51,438	-0.5%	0.41%	-0.7%
BLK	Buy	Blackrock Inc	$4,202,000	+1.7%	9,430	+7.1%	0.40%	+1.8%
ECL	Buy	Ecolab Inc	$3,973,000	+3.1%	20,060	+2.8%	0.38%	+3.2%
KSS	Sell	Kohl's Corp.	$3,827,000	-12.9%	77,070	-16.6%	0.37%	-12.8%
DHR	Buy	Danaher Corp	$3,686,000	+7.3%	25,519	+6.2%	0.35%	+7.3%
MFC	Buy	Manulife Financial Corporation	$3,457,000	+4.2%	188,373	+3.3%	0.33%	+4.1%
SHW	Buy	SHERWIN WILLIAMS CO	$3,338,000	+20.8%	6,070	+0.7%	0.32%	+21.1%
SWK	Sell	STANLEY BLACK&DECKR	$3,133,000	-0.8%	21,693	-0.7%	0.30%	-0.7%
AVGO	Buy	Broadcom Inc	$3,087,000	+9.0%	11,185	+13.7%	0.30%	+9.2%
BUD	Buy	ANHEUSER BUSCH INBEVsponsored adr	$2,995,000	+9.9%	31,476	+2.2%	0.29%	+9.9%
ERF	Sell	ENERPLUS CORP	$2,976,000	-17.5%	399,300	-16.6%	0.29%	-17.3%
MA	Buy	Mastercard Inc Cl-Acl a	$2,864,000	+17.7%	10,543	+14.6%	0.28%	+17.5%
EL	Buy	Estee Lauder Companies Inc CL-Acl a	$2,846,000	+17.6%	14,302	+8.2%	0.27%	+17.6%
GOOS	New	CANADA GOOSE HLDINGS	$2,851,000	–	64,800	–	0.27%	–
CNI	Buy	Canadian National Railway Company	$2,575,000	+19.3%	28,650	+23.1%	0.25%	+19.8%
KMB	Buy	Kimberly Clark Corp	$2,470,000	+20.3%	17,385	+12.8%	0.24%	+20.3%
ADP	Buy	Automatc Data Proc	$2,401,000	+17.4%	14,875	+20.2%	0.23%	+17.3%
BMO	Sell	Bank of Montreal	$2,356,000	-37.8%	31,981	-36.1%	0.23%	-37.9%
GIS	Buy	GENERAL MILLS INC	$2,317,000	+7.3%	42,031	+2.2%	0.22%	+7.7%
CPG	Sell	Crescent Point Energy Corp.	$2,323,000	+5.3%	543,592	-18.5%	0.22%	+5.2%
ROST	Sell	Ross Stores Inc	$2,216,000	+10.9%	20,175	-0.0%	0.21%	+10.9%
OTEX	Sell	Open Text Corporation	$2,004,000	-11.1%	49,100	-9.9%	0.19%	-11.1%
CVX	Buy	Chevron Corp	$1,993,000	-1.7%	16,808	+3.2%	0.19%	-1.5%
HBM	Sell	HUDBAY MINERALS	$1,948,000	-58.8%	539,600	-38.1%	0.19%	-58.8%
SBUX	Sell	Starbucks Corp	$1,894,000	-14.4%	21,427	-18.8%	0.18%	-14.2%
SCHW	Buy	THE CHARLES SCHWAB	$1,852,000	+11.7%	44,275	+7.3%	0.18%	+11.9%
DE	Sell	Deere & Co	$1,784,000	-38.0%	10,575	-39.1%	0.17%	-38.0%
PSX	Sell	Phillips 66	$1,765,000	+3.8%	17,235	-5.2%	0.17%	+4.3%
CNQ	Buy	Canadian Natural Resources Limited	$1,771,000	+1.5%	66,516	+2.9%	0.17%	+1.2%
DIS	Buy	Walt Disney Co	$1,740,000	+18.6%	13,352	+27.1%	0.17%	+18.4%
IBKR	Buy	INTERACTIVE BROKERS	$1,667,000	+13.9%	31,000	+14.8%	0.16%	+13.5%
AMT	Sell	American Tower Corp	$1,498,000	-18.8%	5,371	-40.5%	0.14%	-18.6%
SLF	Buy	SUN LIFE FNCL INC	$1,320,000	+16.7%	29,501	+8.2%	0.13%	+16.5%
MCD	Buy	McDonald's Corp	$1,202,000	+19.6%	5,598	+15.6%	0.12%	+19.6%
AMZN	Buy	Amazon.com Inc	$1,155,000	+11.9%	665	+22.0%	0.11%	+12.1%
BKLN	Sell	INVESCO EXCHNG TRADEsr ln etf	$1,148,000	-27.0%	50,800	-26.8%	0.11%	-27.2%
SPOT	Buy	SPOTIFY TECHNOLOGY	$1,091,000	-20.8%	9,570	+1.6%	0.10%	-20.5%
AMGN	Sell	Amgen Inc	$1,069,000	+4.8%	5,524	-0.2%	0.10%	+5.1%
BKNG	Buy	Booking Holdings Inc	$1,047,000	+20.6%	533	+15.1%	0.10%	+21.7%
YUM	Sell	YUM! Brands Inc.	$1,015,000	-33.8%	9,965	-28.1%	0.10%	-33.3%
FMX	Buy	FOMENTO ECON MEXIspon adr units	$1,007,000	+48.7%	11,000	+57.1%	0.10%	+49.2%
PM	Buy	Philip Morris Intl Inc	$964,000	+33.5%	12,700	+38.0%	0.09%	+34.8%
GLIBA	Buy	GCI LIBERTY INC	$931,000	+16.5%	15,000	+15.4%	0.09%	+15.6%
GDDY	New	GODADDY INCcl a	$891,000	–	13,500	–	0.09%	–
SHYG	New	ISHARES TR0-5yr hi yl co	$869,000	–	18,700	–	0.08%	–
PGR	Buy	Progressive Corp Ohio	$877,000	+35.1%	11,350	+39.9%	0.08%	+35.5%
ASML	Sell	ASML HLDS NV NY	$869,000	-0.5%	3,500	-16.7%	0.08%	0.0%
LLY	Buy	Eli Lilly & Co	$834,000	+34.7%	7,455	+33.4%	0.08%	+35.6%
ANTM	Buy	ANTHEM INC	$780,000	+57.9%	3,250	+85.7%	0.08%	+59.6%
ECA	Sell	Encana Corporation	$777,000	-24.3%	169,600	-15.0%	0.08%	-24.2%
GIL	Buy	GILDAN ACTIVEWEAR	$760,000	+81.4%	21,400	+98.1%	0.07%	+82.5%
PKI	Buy	PERKINELMER INC	$703,000	+4.3%	8,250	+17.9%	0.07%	+4.6%
PAYX	Buy	PAYCHEX INC	$704,000	+14.1%	8,500	+13.3%	0.07%	+15.3%
SPHY	New	SPDR SER TRportfoli high yld	$699,000	–	26,700	–	0.07%	–
CM	Sell	Canadian Imperial Bank of Commerce	$690,000	-2.0%	8,355	-6.5%	0.07%	-2.9%
BKI	Buy	BLACK KNIGHT INC	$672,000	+123.3%	11,000	+120.0%	0.06%	+124.1%
MCO	Sell	MOODYS CORP	$666,000	-2.6%	3,250	-7.1%	0.06%	-3.0%
BTEGF	Sell	BAYTEX ENERGY CORP	$630,000	-28.2%	425,379	-24.8%	0.06%	-27.4%
PANW	Buy	PALO ALTO NETWORKS	$611,000	+49.8%	3,000	+50.0%	0.06%	+51.3%
CCJ	Sell	CAMECO CORP	$618,000	-34.3%	65,000	-25.7%	0.06%	-34.4%
CP	Buy	Canadian Pacific Railway Ltd	$583,000	-2.0%	2,621	+3.8%	0.06%	-1.8%
CBOE	New	CBOE GLOBAL MARKET	$575,000	–	5,000	–	0.06%	–
UNP	Sell	Union Pacific Corp	$534,000	-7.0%	3,295	-2.9%	0.05%	-7.3%
PH	Sell	Parker-Hannifin Corp	$532,000	+3.7%	2,945	-2.4%	0.05%	+4.1%
CVE	Sell	Cenovus Energy Inc	$528,000	+0.8%	56,174	-5.3%	0.05%	+2.0%
PYPL	Buy	PAYPAL HLDGS INC	$518,000	+20.7%	5,000	+33.3%	0.05%	+22.0%
EQIX	Sell	EQUINIX INC	$519,000	-14.2%	900	-25.0%	0.05%	-13.8%
LMT	Sell	LOCKHEED MARTIN CORP	$522,000	-52.9%	1,337	-56.1%	0.05%	-52.8%
PVG	Sell	PRETIUM RESOURCES	$512,000	-12.0%	44,400	-23.6%	0.05%	-12.5%
DLTR	Buy	Dollar Tree Inc	$481,000	+8.6%	4,214	+2.2%	0.05%	+7.0%
KL	Sell	KIRKLAND LAKE GOLD	$444,000	-18.4%	9,900	-21.4%	0.04%	-17.3%
ROP	Sell	ROPER TECHNOLOGIES	$428,000	-16.6%	1,200	-14.3%	0.04%	-16.3%
GIB	Buy	CGI INCcl a sub vtg	$411,000	+6.8%	5,200	+4.0%	0.04%	+8.1%
TYL	Buy	TYLER TECHN INC	$420,000	+94.4%	1,600	+60.0%	0.04%	+90.5%
TRI	Sell	THOMSON REUTERS CORP	$415,000	-48.6%	6,200	-50.4%	0.04%	-48.7%
ABT	Buy	Abbott Laboratories	$402,000	+6.3%	4,800	+6.7%	0.04%	+8.3%
DPZ	Buy	DOMINOS PIZZA INC	$391,000	+0.3%	1,600	+14.3%	0.04%	+2.7%
VZ	Buy	Verizon Communications Inc	$392,000	+19.1%	6,500	+12.9%	0.04%	+18.8%
BRKB	Sell	Berkshire Hathaway B Newcl b new	$350,000	-21.2%	1,682	-19.2%	0.03%	-20.9%
	New	ENBRIDGE INC	$351,000	–	20,000	–	0.03%	–
VB	Buy	Vanguard Small-Cap ETFsmall cp etf	$311,000	+27.5%	2,022	+30.1%	0.03%	+30.4%
SSRM	Sell	SSR MINING	$303,000	-9.8%	20,900	-14.7%	0.03%	-9.4%
EMB	Sell	Ishares JPM USD Emrg Mktjpmorgan usd emg	$296,000	-7.2%	2,615	-7.0%	0.03%	-9.7%
BHC	Sell	BAUSCH HEALTH COMPAN	$284,000	-29.4%	13,000	-18.2%	0.03%	-30.8%
GLD	New	SPDR Gold Trust ETF	$270,000	–	1,944	–	0.03%	–
SVM	Sell	SILVERCORP METALS	$248,000	-23.0%	63,900	-50.8%	0.02%	-22.6%
TECK	Buy	Teck Resources Ltd Bcl b	$244,000	-22.8%	15,050	+10.2%	0.02%	-23.3%
	Sell	BRP INC	$230,000	-48.2%	5,900	-52.4%	0.02%	-48.8%
SYK	Sell	Stryker Corp	$213,000	-58.2%	985	-60.4%	0.02%	-59.2%
EOG	New	EOG RESOURCES INC	$163,000	–	2,200	–	0.02%	–
BIP	New	Brookfield Infra Ptnr LPUlp int unit	$159,000	–	3,218	–	0.02%	–
	New	ENBRIDGE INC	$96,000	–	5,000	–	0.01%	–
CCJ	New	CAMECO CORPcall	$18,000	–	12,000	–	0.00%	–
AUY	Exit	Yamana Gold Inc	$0	–	-4,952	–	-0.00%	–
MUX	Exit	Mcewen Mining Inc	$0	–	-10,000	–	-0.00%	–
OAK	Exit	Oaktree Capital GRP A LPUunit cl a	$0	–	-600	–	-0.00%	–
MRK	Exit	Merck & Co Inc	$0	–	-481	–	-0.00%	–
AVY	Exit	AVERY DENNISON CORP	$0	–	-1,290	–	-0.01%	–
NXPI	Exit	NXP Semiconductors	$0	–	-1,500	–	-0.01%	–
PE	Exit	PARSLEY ENERGY INCcl a	$0	–	-10,000	–	-0.02%	–
CXO	Exit	CONCHO RESOURCES	$0	–	-2,000	–	-0.02%	–
FTS	Exit	FORTIS INC	$0	–	-5,900	–	-0.02%	–
PXD	Exit	PIONEER NATURAL RES	$0	–	-1,500	–	-0.02%	–
UFS	Exit	DOMTAR CORP	$0	–	-5,800	–	-0.02%	–
WCN	Exit	WASTE CONNECTIONS	$0	–	-3,200	–	-0.03%	–
OBOR	Exit	Kraneshr Tr MSCI One Belt ETFmsci one belt	$0	–	-13,395	–	-0.03%	–
VWO	Exit	Vanguard FTSE Emerg Mktftse emr mkt etf	$0	–	-7,506	–	-0.03%	–
CTSH	Exit	Cognizant Technology Solutions -Acl a	$0	–	-10,020	–	-0.06%	–
TRP	Exit	TC ENERGY	$0	–	-16,100	–	-0.08%	–
MO	Exit	Altria Group Inc	$0	–	-16,841	–	-0.08%	–
	Exit	INFORMATION SERVICES	$0	–	-72,000	–	-0.08%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-10,960	–	-0.09%	–
CLS	Exit	CELESTICA INC	$0	–	-153,501	–	-0.10%	–
SJNK	Exit	SPDR SER TRbloomberg srt tr	$0	–	-44,000	–	-0.12%	–
ENB	Exit	Enbridge Inc	$0	–	-121,885	–	-0.42%	–
HUD	Exit	Hudson Ltd Cl-Acl a	$0	–	-342,891	–	-0.45%	–
FTV	Exit	Fortive Corp	$0	–	-90,935	–	-0.71%	–

Q2 2019

			Value		Shares		↓ Weighting
TD	New	Toronto Dominion Bank	$46,745,000	–	799,717	–	4.49%	–
JPM	New	J.P. Morgan Chase&Company	$44,391,000	–	397,054	–	4.26%	–
BNS	New	Bank of Nova Scotia	$42,132,000	–	784,315	–	4.05%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$40,282,000	–	841,925	–	3.87%	–
RY	New	Royal Bank of Canada	$39,533,000	–	497,118	–	3.80%	–
MSFT	New	Microsoft Corp	$35,759,000	–	266,938	–	3.44%	–
PBA	New	Pembina Pipeline Corp	$29,650,000	–	796,491	–	2.85%	–
V	New	Visa Inc	$27,673,000	–	159,456	–	2.66%	–
IMO	New	Imperial Oil Ltd	$27,589,000	–	996,444	–	2.65%	–
SU	New	Suncor Energy Inc	$26,837,000	–	860,242	–	2.58%	–
SJR	New	Shaw Communications Inc -Bcl b conv	$25,035,000	–	1,226,965	–	2.40%	–
GOOG	New	Alphabet Inc Cl-Ccap stk cl c	$23,023,000	–	21,300	–	2.21%	–
RTN	New	Raytheon Company	$22,238,000	–	127,895	–	2.14%	–
UNH	New	UnitedHealth Group Inc	$22,122,000	–	90,661	–	2.12%	–
CMCSA	New	Comcast Corp Cl-Acl a	$20,694,000	–	489,448	–	1.99%	–
BDX	New	Becton Dickinson & Co	$19,477,000	–	77,285	–	1.87%	–
MDT	New	Medtronic PLC	$18,951,000	–	194,588	–	1.82%	–
STZ	New	Constellation Brands Inc Cl-Acl a	$18,033,000	–	91,569	–	1.73%	–
BAX	New	Baxter International Inc	$17,631,000	–	215,268	–	1.69%	–
FB	New	Facebook Inc Cl-Acl a	$17,519,000	–	90,769	–	1.68%	–
NKE	New	NIKE Inc Class Bcl b	$16,546,000	–	197,085	–	1.59%	–
TJX	New	TJX Companies Inc	$16,124,000	–	304,920	–	1.55%	–
BAC	New	Bank of America	$14,278,000	–	492,351	–	1.37%	–
BHF	New	Brighthouse Financial Inc	$13,939,000	–	379,908	–	1.34%	–
HON	New	Honeywell International Inc	$13,745,000	–	78,721	–	1.32%	–
AAPL	New	Apple Inc	$12,896,000	–	65,159	–	1.24%	–
OI	New	Owens-Illinois Inc	$12,780,000	–	739,995	–	1.23%	–
TMO	New	Thermo Fisher Scientific Inc	$12,090,000	–	41,166	–	1.16%	–
DISCA	New	Discovery Inc Ser-A	$11,597,000	–	377,755	–	1.11%	–
VET	New	Vermilion Energy Inc	$11,434,000	–	521,541	–	1.10%	–
RCI	New	Rogers Communications Inc -Bcl b	$11,428,000	–	213,446	–	1.10%	–
DFS	New	Discover Financial Svcs	$11,234,000	–	144,785	–	1.08%	–
C	New	Citigroup Inc New	$10,609,000	–	151,490	–	1.02%	–
MET	New	MetLife Inc	$9,887,000	–	199,055	–	0.95%	–
AIG	New	American Intl Group New	$9,635,000	–	180,827	–	0.93%	–
ACN	New	Accenture PLC Cl-A	$8,572,000	–	46,391	–	0.82%	–
COWN	New	Cowen Group Inc - Cl A Newcl a new	$7,974,000	–	463,900	–	0.77%	–
UTX	New	United Technologies Corp	$7,955,000	–	61,101	–	0.76%	–
WMT	New	Walmart Inc.	$7,609,000	–	68,865	–	0.73%	–
FSV	New	FIRSTSERVICE CORP	$7,569,000	–	78,500	–	0.73%	–
FRC	New	First Republic Bank	$7,473,000	–	76,453	–	0.72%	–
FTV	New	Fortive Corp	$7,412,000	–	90,935	–	0.71%	–
COST	New	Costco Wholesale Corp	$7,219,000	–	27,318	–	0.69%	–
EHC	New	Encompass Health Corp	$7,065,000	–	111,510	–	0.68%	–
GOOGL	New	Alphabet Inc Cl Acap stk cl a	$7,017,000	–	6,481	–	0.67%	–
JNJ	New	Johnson & Johnson	$6,805,000	–	48,860	–	0.65%	–
HD	New	Home Depot Inc	$6,450,000	–	31,012	–	0.62%	–
BABA	New	Alibaba Group ADRsponsored ads	$6,416,000	–	37,862	–	0.62%	–
NOA	New	NORTH AMERICAN CONST	$6,315,000	–	584,900	–	0.61%	–
ET	New	Energy Transfer LP	$6,144,000	–	436,380	–	0.59%	–
HDB	New	HDFC Bank Ltd ADRsponsored ads	$5,559,000	–	42,750	–	0.53%	–
DSGX	New	DESCARTES SYSTEMS	$4,801,000	–	129,500	–	0.46%	–
DEO	New	Diageo PLC SP/ADRspon adr new	$4,740,000	–	27,510	–	0.46%	–
HUD	New	Hudson Ltd Cl-Acl a	$4,728,000	–	342,891	–	0.45%	–
HBM	New	HUDBAY MINERALS	$4,731,000	–	872,000	–	0.45%	–
TSM	New	Taiwan Semiconductor Manufacturing SP/ADRsponsored ads	$4,465,000	–	114,005	–	0.43%	–
ENB	New	Enbridge Inc	$4,405,000	–	121,885	–	0.42%	–
KSS	New	Kohl's Corp.	$4,395,000	–	92,425	–	0.42%	–
ETN	New	Eaton Corporation	$4,307,000	–	51,718	–	0.41%	–
BCE	New	BCE Inc	$4,282,000	–	94,018	–	0.41%	–
BLK	New	Blackrock Inc	$4,131,000	–	8,802	–	0.40%	–
SPGI	New	S&P Global Inc	$4,077,000	–	17,897	–	0.39%	–
ECL	New	Ecolab Inc	$3,854,000	–	19,520	–	0.37%	–
BMO	New	Bank of Montreal	$3,786,000	–	50,079	–	0.36%	–
ERF	New	ENERPLUS CORP	$3,607,000	–	478,600	–	0.35%	–
BA	New	Boeing Company	$3,488,000	–	9,582	–	0.34%	–
DHR	New	Danaher Corp	$3,434,000	–	24,027	–	0.33%	–
MFC	New	Manulife Financial Corporation	$3,318,000	–	182,313	–	0.32%	–
WFC	New	Wells Fargo & Co	$3,314,000	–	70,029	–	0.32%	–
SWK	New	STANLEY BLACK&DECKR	$3,159,000	–	21,843	–	0.30%	–
DE	New	Deere & Co	$2,878,000	–	17,375	–	0.28%	–
AVGO	New	Broadcom Inc	$2,831,000	–	9,835	–	0.27%	–
SHW	New	SHERWIN WILLIAMS CO	$2,763,000	–	6,030	–	0.26%	–
BUD	New	ANHEUSER BUSCH INBEVsponsored ads	$2,726,000	–	30,796	–	0.26%	–
TM	New	Toyota Motor Corp ADR	$2,668,000	–	21,515	–	0.26%	–
MA	New	Mastercard Inc Cl-Acl a	$2,434,000	–	9,200	–	0.23%	–
EL	New	Estee Lauder Companies Inc CL-Acl a	$2,421,000	–	13,222	–	0.23%	–
OTEX	New	Open Text Corporation	$2,255,000	–	54,524	–	0.22%	–
SBUX	New	Starbucks Corp	$2,212,000	–	26,377	–	0.21%	–
CPG	New	Crescent Point Energy Corp.	$2,206,000	–	666,667	–	0.21%	–
CNI	New	Canadian National Railway Company	$2,158,000	–	23,279	–	0.21%	–
GIS	New	GENERAL MILLS INC	$2,159,000	–	41,111	–	0.21%	–
PEP	New	PepsiCo Inc	$2,100,000	–	16,010	–	0.20%	–
KMB	New	Kimberly Clark Corp	$2,054,000	–	15,411	–	0.20%	–
ADP	New	Automatc Data Proc	$2,046,000	–	12,375	–	0.20%	–
CVX	New	Chevron Corp	$2,027,000	–	16,288	–	0.20%	–
ROST	New	Ross Stores Inc	$1,999,000	–	20,184	–	0.19%	–
AMT	New	American Tower Corp	$1,844,000	–	9,021	–	0.18%	–
CNQ	New	Canadian Natural Resources Limited	$1,744,000	–	64,627	–	0.17%	–
PSX	New	Phillips 66	$1,701,000	–	18,185	–	0.16%	–
SCHW	New	Schwab Charles Corp	$1,658,000	–	41,275	–	0.16%	–
BKLN	New	INVESCO EXCHNG TRADEsr ln etf	$1,573,000	–	69,400	–	0.15%	–
YUM	New	YUM! Brands Inc.	$1,533,000	–	13,850	–	0.15%	–
IBKR	New	INTERACTIVE BROKERS	$1,463,000	–	27,000	–	0.14%	–
DIS	New	Walt Disney Co	$1,467,000	–	10,502	–	0.14%	–
SPOT	New	SPOTIFY TECHNOLOGY	$1,377,000	–	9,420	–	0.13%	–
SJNK	New	SPDR SER TRbloomberg srt tr	$1,198,000	–	44,000	–	0.12%	–
SLF	New	Sun Life Financial Services Canada Inc	$1,131,000	–	27,266	–	0.11%	–
LMT	New	LOCKHEED MARTIN CORP	$1,108,000	–	3,047	–	0.11%	–
BR	New	Broadridge Finl Solns Inc	$1,063,000	–	8,325	–	0.10%	–
CLS	New	CELESTICA INC	$1,050,000	–	153,501	–	0.10%	–
AMZN	New	Amazon.com Inc	$1,032,000	–	545	–	0.10%	–
ECA	New	Encana Corporation	$1,026,000	–	199,600	–	0.10%	–
AMGN	New	Amgen Inc	$1,020,000	–	5,536	–	0.10%	–
MCD	New	MCDONALDS CORP	$1,005,000	–	4,841	–	0.10%	–
HYG	New	ISHARES TRiboxx hi yd etf	$955,000	–	10,960	–	0.09%	–
CCJ	New	CAMECO CORP	$940,000	–	87,500	–	0.09%	–
WSO	New	Watsco Inc	$924,000	–	5,650	–	0.09%	–
TXN	New	Texas Instruments-Cum Rts	$923,000	–	8,040	–	0.09%	–
	New	INFORMATION SERVICES	$887,000	–	72,000	–	0.08%	–
ASML	New	ASML HLDS NV NY	$873,000	–	4,200	–	0.08%	–
BTEGF	New	BAYTEX ENERGY CORP	$878,000	–	565,379	–	0.08%	–
BKNG	New	Booking Holdings Inc	$868,000	–	463	–	0.08%	–
TRI	New	THOMSON REUTERS CORP	$808,000	–	12,500	–	0.08%	–
GLIBA	New	GCI LIBERTY INC	$799,000	–	13,000	–	0.08%	–
TRP	New	TC ENERGY	$800,000	–	16,100	–	0.08%	–
MO	New	Altria Group Inc	$798,000	–	16,841	–	0.08%	–
PM	New	Philip Morris Intl Inc	$722,000	–	9,200	–	0.07%	–
CM	New	Canadian Imperial Bank of Commerce	$704,000	–	8,933	–	0.07%	–
MCO	New	MOODYS CORP	$684,000	–	3,500	–	0.07%	–
FMX	New	FOMENTO ECON MEXIspon adr units	$677,000	–	7,000	–	0.06%	–
PKI	New	PERKINELMER INC	$674,000	–	7,000	–	0.06%	–
PGR	New	Progressive Corp Ohio	$649,000	–	8,115	–	0.06%	–
CTSH	New	Cognizant Technology Solutions -Acl a	$635,000	–	10,020	–	0.06%	–
NTR	New	NUTRIEN LTD	$625,000	–	11,650	–	0.06%	–
PAYX	New	PAYCHEX INC	$617,000	–	7,500	–	0.06%	–
LLY	New	LILLY ELI & CO	$619,000	–	5,590	–	0.06%	–
EQIX	New	EQUINIX INC	$605,000	–	1,200	–	0.06%	–
CP	New	Canadian Pacific Railway Ltd	$595,000	–	2,524	–	0.06%	–
BSX	New	BOSTON SCIENTIFIC	$580,000	–	13,500	–	0.06%	–
PVG	New	PRETIUM RESOURCES	$582,000	–	58,100	–	0.06%	–
UNP	New	Union Pacific Corp	$574,000	–	3,395	–	0.06%	–
KL	New	KIRKLAND LAKE GOLD	$544,000	–	12,600	–	0.05%	–
CVE	New	Cenovus Energy Inc	$524,000	–	59,312	–	0.05%	–
PH	New	PARKER HANNIFIN CORP	$513,000	–	3,016	–	0.05%	–
ROP	New	ROPER TECHNOLOGIES	$513,000	–	1,400	–	0.05%	–
SYK	New	Stryker Corp	$510,000	–	2,485	–	0.05%	–
ANTM	New	ANTHEM INC	$494,000	–	1,750	–	0.05%	–
IQV	New	IQVIA HOLDINGS INC	$483,000	–	3,000	–	0.05%	–
DLTR	New	Dollar Tree Inc	$443,000	–	4,125	–	0.04%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$444,000	–	2,082	–	0.04%	–
	New	BRP INC	$444,000	–	12,400	–	0.04%	–
PYPL	New	PAYPAL HLDGS INC	$429,000	–	3,750	–	0.04%	–
GIL	New	GILDAN ACTIVEWEAR	$419,000	–	10,800	–	0.04%	–
BHC	New	BAUSCH HEALTH COMPAN	$402,000	–	15,900	–	0.04%	–
PANW	New	PALO ALTO NETWORKS	$408,000	–	2,000	–	0.04%	–
DPZ	New	DOMINOS PIZZA INC	$390,000	–	1,400	–	0.04%	–
GIB	New	CGI INC	$385,000	–	5,000	–	0.04%	–
ABT	New	Abbott Laboratories	$378,000	–	4,500	–	0.04%	–
VZ	New	Verizon Communications Inc	$329,000	–	5,757	–	0.03%	–
SSRM	New	SSR MINING	$336,000	–	24,500	–	0.03%	–
SVM	New	SILVERCORP METALS	$322,000	–	129,900	–	0.03%	–
VWO	New	Vanguard FTSE Emerg Mktftse emr mkt etf	$319,000	–	7,506	–	0.03%	–
EMB	New	Ishares JPM USD Emrg Mktjpmorgan usd emg	$319,000	–	2,812	–	0.03%	–
TECK	New	Teck Resources Ltd Bcl b	$316,000	–	13,658	–	0.03%	–
OBOR	New	Kraneshr Tr MSCI One Belt ETFmsci one belt	$317,000	–	13,395	–	0.03%	–
BKI	New	BLACK KNIGHT INC	$301,000	–	5,000	–	0.03%	–
WCN	New	WASTE CONNECTIONS	$306,000	–	3,200	–	0.03%	–
UFS	New	DOMTAR CORP	$255,000	–	5,800	–	0.02%	–
AINV	New	Apollo Investment Corp-New	$245,000	–	15,519	–	0.02%	–
VB	New	Vanguard Small-Cap ETFsmall cp etf	$244,000	–	1,554	–	0.02%	–
PXD	New	PIONEER NATURAL RES	$231,000	–	1,500	–	0.02%	–
FTS	New	FORTIS INC	$233,000	–	5,900	–	0.02%	–
TYL	New	TYLER TECHN INC	$216,000	–	1,000	–	0.02%	–
CXO	New	CONCHO RESOURCES	$206,000	–	2,000	–	0.02%	–
PE	New	PARSLEY ENERGY INCcl a	$190,000	–	10,000	–	0.02%	–
NXPI	New	NXP Semiconductors	$146,000	–	1,500	–	0.01%	–
AVY	New	AVERY DENNISON CORP	$149,000	–	1,290	–	0.01%	–
PDS	New	Precision Drilling Corp	$89,000	–	47,009	–	0.01%	–
TSQ	New	Townsquare Media Inc Cl Acl a	$54,000	–	10,000	–	0.01%	–
MRK	New	Merck & Co Inc	$40,000	–	481	–	0.00%	–
OAK	New	Oaktree Capital GRP A LPUunit cl a	$30,000	–	600	–	0.00%	–
MUX	New	Mcewen Mining Inc	$18,000	–	10,000	–	0.00%	–
AUY	New	Yamana Gold Inc	$13,000	–	4,952	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
MUX	Exit	Mcewen Mining Inc	$0	–	-10,000	–	-0.00%	–
TSQ	Exit	Townsquare Media Inc Cl Acl a	$0	–	-10,000	–	-0.01%	–
VWO	Exit	Vanguard FTSE Emerg Mktftse emr mkt etf	$0	–	-5,226	–	-0.02%	–
GLD	Exit	SPDR Gold Trust ETF	$0	–	-1,841	–	-0.02%	–
CBKCQ	Exit	Christopher & Banks Corp.	$0	–	-285,000	–	-0.02%	–
FDS	Exit	Factset Research Systems Inc .	$0	–	-1,000	–	-0.02%	–
SHW	Exit	Sherwin-Williams Co	$0	–	-500	–	-0.02%	–
WMT	Exit	Wal Mart Stores Inc	$0	–	-2,475	–	-0.02%	–
MEOH	Exit	Methanex Corp	$0	–	-2,865	–	-0.02%	–
FDX	Exit	Fedex Corporation	$0	–	-1,000	–	-0.02%	–
BBT	Exit	BB&T CORPORATION	$0	–	-5,000	–	-0.02%	–
WCN	Exit	WASTE CONNECTIONS	$0	–	-3,100	–	-0.02%	–
UBS	Exit	UBS Group AG	$0	–	-15,850	–	-0.02%	–
MAXR	Exit	MAXAR TECHNOLOGIES	$0	–	-7,900	–	-0.02%	–
SJR	Exit	SHAW COMMUNICATIONScl b conv	$0	–	-14,000	–	-0.03%	–
AINV	Exit	Apollo Investment Corp	$0	–	-51,710	–	-0.03%	–
LKQ	Exit	LKQ CORP	$0	–	-9,000	–	-0.03%	–
TRI	Exit	Thomson Reuters Corp	$0	–	-6,320	–	-0.03%	–
TAP	Exit	MOLSON COORS BREWINGcl b	$0	–	-4,800	–	-0.03%	–
AMP	Exit	AMERIPRISE FINANCIAL	$0	–	-2,122	–	-0.03%	–
EBAY	Exit	EBAY INC	$0	–	-9,800	–	-0.03%	–
PH	Exit	PARKER HANNIFIN CORP	$0	–	-1,800	–	-0.03%	–
XRX	Exit	XEROX CORP	$0	–	-12,750	–	-0.03%	–
LH	Exit	LABORATORY CORP AMER	$0	–	-2,000	–	-0.03%	–
FSM	Exit	FORTUNA SILVER MINES	$0	–	-78,100	–	-0.03%	–
HOG	Exit	HARLEY DAVIDSON INC	$0	–	-7,900	–	-0.03%	–
SRCL	Exit	STERICYCLE INC	$0	–	-6,500	–	-0.04%	–
INTC	Exit	INTEL CORP	$0	–	-8,000	–	-0.04%	–
FNV	Exit	Franco-Nevada Corp	$0	–	-6,000	–	-0.04%	–
WSR	Exit	WHITESTONE REIT	$0	–	-27,900	–	-0.04%	–
PAYX	Exit	Paychex Inc	$0	–	-5,500	–	-0.04%	–
LLY	Exit	ELI LILLY & CO	$0	–	-3,900	–	-0.04%	–
CVX	Exit	Chevron Corp	$0	–	-3,528	–	-0.04%	–
NKE	Exit	NIKE INCcl b	$0	–	-5,019	–	-0.04%	–
USB	Exit	US BANCORP DEL	$0	–	-8,400	–	-0.04%	–
ROP	Exit	Roper Technologies Inc	$0	–	-1,500	–	-0.04%	–
MCD	Exit	MCDONALDS CORP	$0	–	-2,711	–	-0.04%	–
EL	Exit	ESTEE LAUDER COcl a	$0	–	-3,132	–	-0.04%	–
CCJ	Exit	Cameco Corporation	$0	–	-42,175	–	-0.05%	–
FB	Exit	Facebook Inc Cl-Acl a	$0	–	-2,971	–	-0.05%	–
TLK	Exit	Telekomunikasi Indonesia Perse Adrsponsored adr	$0	–	-20,000	–	-0.05%	–
MMM	Exit	3M Company	$0	–	-2,440	–	-0.05%	–
CAH	Exit	Cardinal Health Inc	$0	–	-9,500	–	-0.05%	–
DKS	Exit	DICKS SPORTING GOODS	$0	–	-15,000	–	-0.05%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-22,000	–	-0.05%	–
EQIX	Exit	Equinix Inc	$0	–	-1,250	–	-0.05%	–
HAL	Exit	Halliburton Co	$0	–	-13,905	–	-0.05%	–
AMT	Exit	American Tower Corp	$0	–	-3,995	–	-0.06%	–
T	Exit	AT & T Inc	$0	–	-17,070	–	-0.06%	–
HDB	Exit	HDFC Bank Ltd ADR	$0	–	-6,200	–	-0.06%	–
WHR	Exit	WHIRLPOOL CORP	$0	–	-5,000	–	-0.06%	–
STT	Exit	STATE STREET CORP	$0	–	-7,400	–	-0.06%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-8,000	–	-0.06%	–
	Exit	BRP INC	$0	–	-13,700	–	-0.06%	–
ABBV	Exit	Abbvie Inc-W/I	$0	–	-6,885	–	-0.06%	–
IAG	Exit	IAMGOLD CORP	$0	–	-179,700	–	-0.06%	–
MCO	Exit	Moody's Corp	$0	–	-4,074	–	-0.06%	–
EMN	Exit	EASTMAN CHEM CO	$0	–	-7,200	–	-0.07%	–
IBM	Exit	International Business Machines	$0	–	-4,620	–	-0.07%	–
NTR	Exit	NUTRIEN LTD	$0	–	-12,400	–	-0.07%	–
EMB	Exit	Ishares JPM USD Emrg Mktjpmorgan usd emg	$0	–	-6,799	–	-0.07%	–
JNK	Exit	SPDR SERIES TRUSTbloomberg brclys	$0	–	-21,600	–	-0.07%	–
ECA	Exit	Encana Corporation	$0	–	-66,066	–	-0.08%	–
UNP	Exit	Union Pacific Corp	$0	–	-5,470	–	-0.08%	–
VZ	Exit	Verizon Communications	$0	–	-16,860	–	-0.09%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-15,371	–	-0.09%	–
SJNK	Exit	SPDR SER TRbloomberg srt tr	$0	–	-33,500	–	-0.09%	–
CP	Exit	CDN PACIFIC RAILWAY	$0	–	-4,700	–	-0.10%	–
FMX	Exit	Fomento Econ Mex Spn Adrspon adr units	$0	–	-10,000	–	-0.10%	–
SEE	Exit	SEALED AIR CORP	$0	–	-25,122	–	-0.10%	–
BLK	Exit	Blackrock Inc	$0	–	-2,180	–	-0.10%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-3,890	–	-0.10%	–
TRP	Exit	Transcanada Corp	$0	–	-26,044	–	-0.10%	–
OTEX	Exit	Open Text Corporation	$0	–	-28,500	–	-0.10%	–
LMT	Exit	Lockheed Martin Corp	$0	–	-3,162	–	-0.10%	–
BR	Exit	Broadridge Finl Solns Inc	$0	–	-8,425	–	-0.11%	–
AMZN	Exit	Amazon.com Inc	$0	–	-563	–	-0.11%	–
CVE	Exit	Cenovus Energy Inc	$0	–	-116,410	–	-0.11%	–
AVGO	Exit	Broadcom Ltd	$0	–	-5,000	–	-0.12%	–
AMGN	Exit	Amgen Inc	$0	–	-5,999	–	-0.12%	–
DIS	Exit	Walt Disney Co	$0	–	-10,741	–	-0.12%	–
SLF	Exit	SUN LIFE FNCL INC	$0	–	-32,095	–	-0.12%	–
PDS	Exit	Precision Drilling Corp	$0	–	-370,639	–	-0.12%	–
SCHW	Exit	Schwab Charles Corp	$0	–	-26,125	–	-0.12%	–
PPG	Exit	PPG INDUSTRIES INC	$0	–	-12,000	–	-0.12%	–
KL	Exit	KIRKLAND LAKE GOLD	$0	–	-80,400	–	-0.14%	–
DE	Exit	Deere & Co	$0	–	-10,370	–	-0.15%	–
SPOT	Exit	SPOTIFY TECHNOLOGY	$0	–	-9,000	–	-0.16%	–
GIS	Exit	General Mills Incs & Rts	$0	–	-39,061	–	-0.16%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-19,800	–	-0.16%	–
PEP	Exit	Pepsico Inc	$0	–	-15,350	–	-0.16%	–
ARCC	Exit	ARES CAP CORP	$0	–	-103,136	–	-0.17%	–
RDSB	Exit	Royal Dutch Shell Adr-Bspon adr b	$0	–	-25,875	–	-0.18%	–
ADP	Exit	Automatc Data Proc	$0	–	-12,225	–	-0.18%	–
CM	Exit	Canadian Imperial Bank of Commerce	$0	–	-19,821	–	-0.18%	–
SYK	Exit	Stryker Corp	$0	–	-10,436	–	-0.18%	–
HD	Exit	Home Depot Inc	$0	–	-9,488	–	-0.19%	–
CHD	Exit	Church & Dwight Co Inc	$0	–	-33,765	–	-0.19%	–
CNI	Exit	CDN NATL RAILWAY	$0	–	-22,478	–	-0.19%	–
BRKB	Exit	Berkshire Hathaway B Newcl b new	$0	–	-9,392	–	-0.19%	–
MA	Exit	Mastercard Inc Cl-Acl a	$0	–	-9,225	–	-0.20%	–
SLB	Exit	Schlumberger Ltd	$0	–	-37,344	–	-0.22%	–
AAPL	Exit	Apple Inc	$0	–	-11,160	–	-0.24%	–
SBUX	Exit	Starbucks Corp	$0	–	-44,692	–	-0.24%	–
ERF	Exit	ENERPLUS CORP	$0	–	-209,800	–	-0.25%	–
DHR	Exit	DANAHER CORP	$0	–	-24,615	–	-0.26%	–
TM	Exit	Toyota Motor Co Ltd ADR	$0	–	-21,525	–	-0.26%	–
BMO	Exit	Bank of Montreal	$0	–	-33,876	–	-0.27%	–
GWRS	Exit	GLOBAL WATER RESOURC	$0	–	-270,000	–	-0.27%	–
BCE	Exit	BCE Inc - New	$0	–	-72,864	–	-0.28%	–
BA	Exit	Boeing Company	$0	–	-8,434	–	-0.30%	–
SWK	Exit	STANLEY BLACK&DECKR	$0	–	-21,843	–	-0.30%	–
BABA	Exit	ALIBABA GROUP HLDGsponsored ads	$0	–	-19,500	–	-0.31%	–
SPGI	Exit	S & P Global Inc	$0	–	-17,337	–	-0.32%	–
PKI	Exit	PERKINELMER INC	$0	–	-35,691	–	-0.33%	–
CNQ	Exit	CDN NATURAL RES	$0	–	-106,456	–	-0.33%	–
COST	Exit	Costco Wholesale Corporation	$0	–	-14,833	–	-0.33%	–
ORCL	Exit	ORACLE CORP	$0	–	-68,561	–	-0.34%	–
VET	Exit	Vermilion Energy Inc	$0	–	-107,046	–	-0.34%	–
ETN	Exit	EATON CORPORATION	$0	–	-40,928	–	-0.34%	–
BKLN	Exit	INVESCO EXCHNG TRADEsr ln etf	$0	–	-153,800	–	-0.34%	–
MFC	Exit	Manulife Financial Corporation	$0	–	-201,674	–	-0.34%	–
MDT	Exit	Medtronic Inc	$0	–	-36,788	–	-0.34%	–
DEO	Exit	Diageo PLC SP/ADR - Newspon adr new	$0	–	-26,270	–	-0.36%	–
WFC	Exit	Wells Fargo & Co	$0	–	-72,147	–	-0.36%	–
HBM	Exit	HUDBAY MINERALS	$0	–	-791,700	–	-0.38%	–
CCL	Exit	CARNIVAL CORPunit99/99/9999	$0	–	-65,780	–	-0.40%	–
HON	Exit	Honeywell Intl Inc	$0	–	-26,135	–	-0.41%	–
CLS	Exit	CELESTICA INC	$0	–	-401,900	–	-0.42%	–
BTEGF	Exit	Baytex Energy Corp	$0	–	-1,518,515	–	-0.42%	–
CMCSA	Exit	Comcast Corp Class A - Newcl a	$0	–	-127,075	–	-0.43%	–
ENB	Exit	Enbridge Inc	$0	–	-151,922	–	-0.47%	–
BUD	Exit	Anheuser-Busch Inveb ADRsponsored adr	$0	–	-56,948	–	-0.48%	–
TSM	Exit	Taiwan Semicon Man SP/ADRsponsored adr	$0	–	-113,545	–	-0.48%	–
CAE	Exit	C A E Inc	$0	–	-253,675	–	-0.49%	–
BTI	Exit	British Amer Tob Sp ADRsponsored adr	$0	–	-112,525	–	-0.50%	–
GOOGL	Exit	Alphabet Inc Cl Acap stk cl a	$0	–	-4,418	–	-0.51%	–
DWDP	Exit	Dowdupont Inc	$0	–	-86,423	–	-0.53%	–
FRC	Exit	First Republic Bank	$0	–	-57,999	–	-0.53%	–
DSGX	Exit	DESCARTES SYSTEMS	$0	–	-175,400	–	-0.57%	–
HBI	Exit	Hanesbrands Inc	$0	–	-346,700	–	-0.61%	–
NOA	Exit	NORTH AMERICAN CONST	$0	–	-742,500	–	-0.69%	–
COWN	Exit	Cowen Group Inc - Cl A Newcl a new	$0	–	-446,550	–	-0.70%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-113,385	–	-0.88%	–
FSV	Exit	FIRSTSERVICE CORP	$0	–	-115,700	–	-0.93%	–
COF	Exit	Capital One Fincl Corp	$0	–	-104,675	–	-0.95%	–
MET	Exit	Metlife Inc	$0	–	-215,625	–	-0.96%	–
KSS	Exit	Kohl's Corp.	$0	–	-143,125	–	-1.02%	–
ACN	Exit	Accenture PLC Cl-A	$0	–	-63,822	–	-1.04%	–
RCI	Exit	Rogers Communications - B-NVScl b	$0	–	-215,333	–	-1.06%	–
BHF	Exit	Brighthouse Financial Inc	$0	–	-258,112	–	-1.09%	–
TXN	Exit	Texas Instruments-Cum Rts	$0	–	-118,292	–	-1.21%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-2,083,367	–	-1.26%	–
AIG	Exit	American Intl Group New	$0	–	-251,702	–	-1.28%	–
EHC	Exit	Encompass Health Corp	$0	–	-172,492	–	-1.28%	–
C	Exit	Citigroup Inc New	$0	–	-197,372	–	-1.35%	–
DISCA	Exit	Discovery Comm Inc SRS Asom ser a	$0	–	-492,160	–	-1.50%	–
DFS	Exit	Discover Financial Svcs	$0	–	-218,445	–	-1.59%	–
TEL	Exit	TE Connectivity	$0	–	-193,376	–	-1.62%	–
BAX	Exit	Baxter International Inc	$0	–	-226,845	–	-1.67%	–
BAC	Exit	Bank of America	$0	–	-620,257	–	-1.74%	–
RTN	Exit	Raytheon Co	$0	–	-102,734	–	-2.03%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-82,922	–	-2.07%	–
SU	Exit	SUNCOR ENERGY INC	$0	–	-590,839	–	-2.18%	–
V	Exit	Visa Inc.	$0	–	-168,764	–	-2.42%	–
UTX	Exit	United Technologies Corp	$0	–	-188,319	–	-2.51%	–
LYB	Exit	Lyondellbasell Indus A NV	$0	–	-262,682	–	-2.57%	–
GOOG	Exit	Alphabet Inc Cl Ccap stk cl c	$0	–	-23,009	–	-2.62%	–
GIB	Exit	CGI Group Inc. Cls Acl a sub vtg	$0	–	-434,171	–	-2.67%	–
IMO	Exit	Imperial Oil Limited	$0	–	-915,269	–	-2.82%	–
MSFT	Exit	Microsoft Corporation	$0	–	-269,265	–	-2.94%	–
JNJ	Exit	Johnson & Johnson	$0	–	-224,298	–	-2.96%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-702,773	–	-2.98%	–
HPQ	Exit	HP Inc	$0	–	-1,222,042	–	-3.01%	–
RY	Exit	Royal Bank of Canada	$0	–	-441,597	–	-3.38%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-1,055,900	–	-3.42%	–
TD	Exit	TORONTO DOMINION BK	$0	–	-691,214	–	-4.01%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-726,324	–	-4.13%	–
JPM	Exit	J.P. Morgan Chase&Company	$0	–	-454,072	–	-4.89%	–

Q3 2018

			Value		Shares		↓ Weighting
JPM	Sell	J.P. Morgan Chase&Company	$51,237,000	+6.5%	454,072	-1.7%	4.89%	+1.0%
BNS	Buy	Bank of Nova Scotia	$43,258,000	+208.5%	726,324	+194.0%	4.13%	+192.7%
TD	Buy	TORONTO DOMINION BK	$41,970,000	+9.6%	691,214	+4.6%	4.01%	+4.0%
PBA	Sell	Pembina Pipeline Corp	$35,850,000	-5.2%	1,055,900	-3.3%	3.42%	-10.1%
RY	Sell	Royal Bank of Canada	$35,370,000	+5.0%	441,597	-1.1%	3.38%	-0.4%
HPQ	Sell	HP Inc	$31,493,000	+11.9%	1,222,042	-1.5%	3.01%	+6.1%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vt sh	$31,254,000	+7.9%	702,773	-1.6%	2.98%	+2.3%
JNJ	Buy	Johnson & Johnson	$30,991,000	+628.5%	224,298	+539.9%	2.96%	+591.4%
MSFT	Sell	Microsoft Corporation	$30,796,000	+12.3%	269,265	-3.1%	2.94%	+6.6%
IMO	Buy	Imperial Oil Limited	$29,596,000	+5.9%	915,269	+8.9%	2.82%	+0.5%
GIB	Sell	CGI Group Inc. Cls Acl a sub vtg	$27,970,000	-3.0%	434,171	-4.5%	2.67%	-8.0%
GOOG	Sell	Alphabet Inc Cl Ccap stk cl c	$27,461,000	+6.7%	23,009	-0.3%	2.62%	+1.2%
LYB	Sell	Lyondellbasell Indus A NV	$26,927,000	-7.2%	262,682	-0.5%	2.57%	-12.0%
UTX	Sell	United Technologies Corp	$26,328,000	+11.5%	188,319	-0.3%	2.51%	+5.8%
V	Sell	Visa Inc.	$25,330,000	+12.2%	168,764	-1.0%	2.42%	+6.5%
SU	Sell	SUNCOR ENERGY INC	$22,845,000	-11.1%	590,839	-6.3%	2.18%	-15.6%
BDX	Sell	Becton Dickinson & Co	$21,643,000	+8.0%	82,922	-0.8%	2.07%	+2.5%
RTN	Buy	Raytheon Co	$21,231,000	+12.3%	102,734	+5.0%	2.03%	+6.6%
BAC	Sell	Bank of America	$18,273,000	-3.6%	620,257	-7.8%	1.74%	-8.6%
BAX	New	Baxter International Inc	$17,487,000	–	226,845	–	1.67%	–
TEL	Sell	TE Connectivity	$17,003,000	-38.6%	193,376	-37.1%	1.62%	-41.7%
DFS	Sell	Discover Financial Svcs	$16,700,000	-23.2%	218,445	-29.3%	1.59%	-27.1%
DISCA	Sell	Discovery Comm Inc SRS Asom ser a	$15,749,000	-13.3%	492,160	-25.4%	1.50%	-17.7%
C	Sell	Citigroup Inc New	$14,159,000	+7.2%	197,372	-0.0%	1.35%	+1.7%
EHC	Sell	Encompass Health Corp	$13,445,000	-42.2%	172,492	-49.8%	1.28%	-45.2%
AIG	Sell	American Intl Group New	$13,401,000	+0.3%	251,702	-0.1%	1.28%	-4.9%
CPG	Buy	Crescent Point Energy Corp.	$13,247,000	-12.7%	2,083,367	+0.9%	1.26%	-17.2%
TXN	Sell	Texas Instruments-Cum Rts	$12,691,000	-44.3%	118,292	-42.7%	1.21%	-47.1%
BHF	Buy	Brighthouse Financial Inc	$11,419,000	+32.5%	258,112	+20.0%	1.09%	+25.7%
RCI	Sell	Rogers Communications - B-NVScl b	$11,066,000	+1.4%	215,333	-6.2%	1.06%	-3.8%
ACN	Buy	Accenture PLC Cl-A	$10,862,000	+5.5%	63,822	+1.4%	1.04%	+0.1%
KSS	Sell	Kohl's Corp.	$10,670,000	+1.6%	143,125	-0.6%	1.02%	-3.6%
MET	Sell	Metlife Inc	$10,074,000	-5.9%	215,625	-12.2%	0.96%	-10.7%
COF	Sell	Capital One Fincl Corp	$9,937,000	+3.1%	104,675	-0.1%	0.95%	-2.2%
FSV	Sell	FIRSTSERVICE CORP	$9,768,000	+9.6%	115,700	-0.3%	0.93%	+3.9%
PM	Buy	Philip Morris Intl Inc	$9,246,000	+4.4%	113,385	+3.3%	0.88%	-1.0%
COWN	Sell	Cowen Group Inc - Cl A Newcl a new	$7,279,000	+16.0%	446,550	-1.5%	0.70%	+10.0%
NOA	Sell	NORTH AMERICAN CONST	$7,238,000	+43.4%	742,500	-12.4%	0.69%	+36.0%
HBI	Sell	Hanesbrands Inc	$6,390,000	-21.4%	346,700	-6.0%	0.61%	-25.4%
DSGX	Buy	DESCARTES SYSTEMS	$5,945,000	+6.6%	175,400	+3.5%	0.57%	+1.2%
FRC	Sell	First Republic Bank	$5,568,000	-1.1%	57,999	-0.3%	0.53%	-6.2%
DWDP	Buy	Dowdupont Inc	$5,558,000	+8.5%	86,423	+11.2%	0.53%	+3.1%
GOOGL	Sell	Alphabet Inc Cl Acap stk cl a	$5,333,000	+6.7%	4,418	-0.2%	0.51%	+1.2%
BTI	Sell	British Amer Tob Sp ADRsponsored adr	$5,247,000	-8.8%	112,525	-1.4%	0.50%	-13.5%
CAE	Sell	C A E Inc	$5,146,000	-32.9%	253,675	-30.6%	0.49%	-36.4%
TSM	Sell	Taiwan Semicon Man SP/ADRsponsored adr	$5,014,000	+20.7%	113,545	-0.0%	0.48%	+14.6%
BUD	Buy	Anheuser-Busch Inveb ADRsponsored adr	$4,986,000	-7.1%	56,948	+6.9%	0.48%	-11.9%
ENB	Sell	Enbridge Inc	$4,899,000	-11.1%	151,922	-1.3%	0.47%	-15.5%
CMCSA	Sell	Comcast Corp Class A - Newcl a	$4,499,000	+2.5%	127,075	-5.1%	0.43%	-2.9%
BTEGF	New	Baytex Energy Corp	$4,406,000	–	1,518,515	–	0.42%	–
CLS	Sell	CELESTICA INC	$4,350,000	-16.0%	401,900	-6.9%	0.42%	-20.3%
HON	Buy	Honeywell Intl Inc	$4,301,000	+15.5%	26,135	+1.1%	0.41%	+9.6%
CCL	Buy	CARNIVAL CORPunit99/99/9999	$4,195,000	+15.0%	65,780	+3.3%	0.40%	+9.0%
HBM	Buy	HUDBAY MINERALS	$4,006,000	-9.1%	791,700	+1.2%	0.38%	-13.8%
WFC	Sell	Wells Fargo & Co	$3,792,000	-7.1%	72,147	-2.0%	0.36%	-11.9%
DEO	Buy	Diageo PLC SP/ADR - Newspon adr new	$3,722,000	+44.6%	26,270	+46.9%	0.36%	+37.1%
MFC	Sell	Manulife Financial Corporation	$3,602,000	-23.6%	201,674	-23.1%	0.34%	-27.6%
BKLN	New	INVESCO EXCHNG TRADEsr ln etf	$3,564,000	–	153,800	–	0.34%	–
VET	Buy	Vermilion Energy Inc	$3,526,000	+11.8%	107,046	+22.5%	0.34%	+6.3%
ORCL	Sell	ORACLE CORP	$3,535,000	-30.6%	68,561	-40.7%	0.34%	-34.3%
CNQ	Sell	CDN NATURAL RES	$3,475,000	-34.9%	106,456	-27.9%	0.33%	-38.3%
PKI	Buy	PERKINELMER INC	$3,472,000	+60.0%	35,691	+20.5%	0.33%	+51.8%
SPGI	Sell	S & P Global Inc	$3,387,000	-13.5%	17,337	-9.7%	0.32%	-18.0%
BABA	New	ALIBABA GROUP HLDGsponsored ads	$3,213,000	–	19,500	–	0.31%	–
BA	Sell	Boeing Company	$3,137,000	-23.0%	8,434	-30.6%	0.30%	-27.1%
BCE	Buy	BCE Inc - New	$2,950,000	+13.0%	72,864	+13.2%	0.28%	+7.2%
GWRS	Buy	GLOBAL WATER RESOURC	$2,853,000	+32.8%	270,000	+20.0%	0.27%	+25.9%
BMO	Buy	Bank of Montreal	$2,792,000	+23.6%	33,876	+15.9%	0.27%	+17.6%
TM	Buy	Toyota Motor Co Ltd ADR	$2,677,000	-2.1%	21,525	+1.4%	0.26%	-6.9%
DHR	Buy	DANAHER CORP	$2,675,000	+24.6%	24,615	+13.1%	0.26%	+18.1%
ERF	Sell	ENERPLUS CORP	$2,589,000	-10.4%	209,800	-7.5%	0.25%	-15.1%
SBUX	Buy	Starbucks Corp	$2,540,000	+50.0%	44,692	+29.0%	0.24%	+42.4%
AAPL	Sell	Apple Inc	$2,519,000	+0.6%	11,160	-17.5%	0.24%	-4.8%
SLB	Sell	Schlumberger Ltd	$2,275,000	-31.0%	37,344	-24.0%	0.22%	-34.6%
MA	Sell	Mastercard Inc Cl-Acl a	$2,054,000	-12.7%	9,225	-23.0%	0.20%	-17.3%
BRKB	Sell	Berkshire Hathaway B Newcl b new	$2,011,000	+7.3%	9,392	-6.5%	0.19%	+1.6%
CNI	Buy	CDN NATL RAILWAY	$2,016,000	+57.1%	22,478	+43.4%	0.19%	+48.8%
CHD	Buy	Church & Dwight Co Inc	$2,004,000	+41.8%	33,765	+27.0%	0.19%	+34.5%
HD	Buy	Home Depot Inc	$1,966,000	+96.4%	9,488	+85.0%	0.19%	+86.1%
CM	Sell	Canadian Imperial Bank of Commerce	$1,856,000	-47.0%	19,821	-38.0%	0.18%	-49.7%
SYK	Sell	Stryker Corp	$1,854,000	+4.3%	10,436	-0.9%	0.18%	-1.1%
ADP	Buy	Automatc Data Proc	$1,842,000	+37.3%	12,225	+22.2%	0.18%	+30.4%
RDSB	Buy	Royal Dutch Shell Adr-Bspon adr b	$1,836,000	+263.6%	25,875	+272.3%	0.18%	+243.1%
ARCC	Sell	ARES CAP CORP	$1,773,000	-3.4%	103,136	-7.5%	0.17%	-8.6%
PEP	Buy	Pepsico Inc	$1,716,000	+8.5%	15,350	+5.7%	0.16%	+3.1%
HYG	Sell	ISHARES TRiboxx hi yd etf	$1,712,000	-0.6%	19,800	-2.2%	0.16%	-5.8%
GIS	Sell	General Mills Incs & Rts	$1,676,000	-14.0%	39,061	-11.3%	0.16%	-18.4%
SPOT	New	SPOTIFY TECHNOLOGY	$1,627,000	–	9,000	–	0.16%	–
DE	New	Deere & Co	$1,559,000	–	10,370	–	0.15%	–
KL	Buy	KIRKLAND LAKE GOLD	$1,523,000	+83.9%	80,400	+107.8%	0.14%	+74.7%
PPG	New	PPG INDUSTRIES INC	$1,310,000	–	12,000	–	0.12%	–
SCHW	Buy	Schwab Charles Corp	$1,284,000	+0.5%	26,125	+4.6%	0.12%	-4.7%
SLF	Sell	SUN LIFE FNCL INC	$1,275,000	-25.2%	32,095	-23.9%	0.12%	-29.1%
PDS	Sell	Precision Drilling Corp	$1,282,000	+0.9%	370,639	-3.4%	0.12%	-4.7%
DIS	Buy	Walt Disney Co	$1,256,000	+207.8%	10,741	+176.0%	0.12%	+192.7%
AMGN	Buy	Amgen Inc	$1,244,000	+39.6%	5,999	+24.4%	0.12%	+32.2%
AVGO	New	Broadcom Ltd	$1,234,000	–	5,000	–	0.12%	–
CVE	Sell	Cenovus Energy Inc	$1,168,000	-7.4%	116,410	-4.2%	0.11%	-11.8%
AMZN	Buy	Amazon.com Inc	$1,128,000	+37.4%	563	+16.6%	0.11%	+30.1%
BR	Sell	Broadridge Finl Solns Inc	$1,111,000	+12.9%	8,425	-1.5%	0.11%	+7.1%
OTEX	Sell	Open Text Corporation	$1,084,000	-12.9%	28,500	-18.6%	0.10%	-17.6%
TRP	Sell	Transcanada Corp	$1,053,000	-53.4%	26,044	-49.8%	0.10%	-55.5%
UNH	Sell	Unitedhealth Group Inc	$1,035,000	-60.0%	3,890	-63.1%	0.10%	-61.9%
BLK	Buy	Blackrock Inc	$1,027,000	+121.3%	2,180	+134.4%	0.10%	+108.5%
SEE	Sell	SEALED AIR CORP	$1,009,000	-57.9%	25,122	-55.5%	0.10%	-60.2%
CP	Sell	CDN PACIFIC RAILWAY	$994,000	+1.4%	4,700	-11.3%	0.10%	-4.0%
VZ	Sell	Verizon Communications	$900,000	-33.9%	16,860	-37.7%	0.09%	-37.2%
UNP	Sell	Union Pacific Corp	$891,000	-0.3%	5,470	-13.3%	0.08%	-5.6%
ECA	Sell	Encana Corporation	$866,000	-48.6%	66,066	-48.6%	0.08%	-51.2%
JNK	Sell	SPDR SERIES TRUSTbloomberg brclys	$779,000	-3.2%	21,600	-4.8%	0.07%	-8.6%
EMB	Buy	Ishares JPM USD Emrg Mktjpmorgan usd emg	$733,000	+12.8%	6,799	+11.7%	0.07%	+7.7%
NTR	New	NUTRIEN LTD	$715,000	–	12,400	–	0.07%	–
IBM	Sell	International Business Machines	$698,000	-21.4%	4,620	-27.3%	0.07%	-24.7%
EMN	Buy	EASTMAN CHEM CO	$689,000	-1.6%	7,200	+2.9%	0.07%	-5.7%
MCO	Buy	Moody's Corp	$681,000	+33.5%	4,074	+36.3%	0.06%	+27.5%
IAG	Buy	IAMGOLD CORP	$660,000	+23.6%	179,700	+97.9%	0.06%	+16.7%
ABBV	Sell	Abbvie Inc-W/I	$651,000	-51.7%	6,885	-52.6%	0.06%	-54.4%
	New	BRP INC	$642,000	–	13,700	–	0.06%	–
CVS	Sell	CVS HEALTH CORP	$630,000	-30.1%	8,000	-42.9%	0.06%	-34.1%
WHR	Buy	WHIRLPOOL CORP	$594,000	+1.5%	5,000	+25.0%	0.06%	-3.4%
T	Buy	AT & T Inc	$573,000	+11.7%	17,070	+6.9%	0.06%	+5.8%
AMT	Buy	American Tower Corp	$580,000	+24.5%	3,995	+23.7%	0.06%	+17.0%
HAL	Buy	Halliburton Co	$564,000	+5.0%	13,905	+16.8%	0.05%	0.0%
EQIX	Buy	Equinix Inc	$541,000	+14.4%	1,250	+13.6%	0.05%	+8.3%
DKS	Sell	DICKS SPORTING GOODS	$532,000	-11.2%	15,000	-11.8%	0.05%	-15.0%
TECK	Sell	TECK RESOURCES LTDcl b	$530,000	-8.9%	22,000	-2.7%	0.05%	-13.6%
FB	Buy	Facebook Inc Cl-Acl a	$489,000	-10.4%	2,971	+5.7%	0.05%	-14.5%
CCJ	Sell	Cameco Corporation	$481,000	-53.4%	42,175	-54.0%	0.05%	-55.8%
MCD	Sell	MCDONALDS CORP	$454,000	0.0%	2,711	-6.5%	0.04%	-6.5%
USB	Sell	US BANCORP DEL	$444,000	-22.1%	8,400	-26.3%	0.04%	-26.3%
NKE	Sell	NIKE INCcl b	$425,000	-8.4%	5,019	-13.7%	0.04%	-12.8%
WSR	Sell	WHITESTONE REIT	$387,000	-45.5%	27,900	-51.0%	0.04%	-47.9%
FNV	Buy	Franco-Nevada Corp	$375,000	+60.3%	6,000	+87.5%	0.04%	+50.0%
HOG	Sell	HARLEY DAVIDSON INC	$358,000	-4.5%	7,900	-11.2%	0.03%	-10.5%
FSM	Sell	FORTUNA SILVER MINES	$341,000	-24.6%	78,100	-0.6%	0.03%	-26.7%
LH	New	LABORATORY CORP AMER	$347,000	–	2,000	–	0.03%	–
XRX	Buy	XEROX CORP	$344,000	+42.7%	12,750	+26.9%	0.03%	+37.5%
PH	New	PARKER HANNIFIN CORP	$331,000	–	1,800	–	0.03%	–
AMP	New	AMERIPRISE FINANCIAL	$313,000	–	2,122	–	0.03%	–
TAP	New	MOLSON COORS BREWINGcl b	$295,000	–	4,800	–	0.03%	–
AINV	Sell	Apollo Investment Corp	$281,000	-5.1%	51,710	-2.8%	0.03%	-10.0%
LKQ	New	LKQ CORP	$285,000	–	9,000	–	0.03%	–
MAXR	Sell	MAXAR TECHNOLOGIES	$260,000	-39.7%	7,900	-7.1%	0.02%	-41.9%
UBS	New	UBS Group AG	$249,000	–	15,850	–	0.02%	–
BBT	New	BB&T CORPORATION	$243,000	–	5,000	–	0.02%	–
MEOH	New	Methanex Corp	$226,000	–	2,865	–	0.02%	–
FDS	Sell	Factset Research Systems Inc .	$224,000	-43.4%	1,000	-50.0%	0.02%	-47.5%
VWO	Buy	Vanguard FTSE Emerg Mktftse emr mkt etf	$214,000	+0.9%	5,226	+3.9%	0.02%	-4.8%
FTS	Exit	FORTIS INC	$0	–	-5,700	–	-0.02%	–
WIX	Exit	Wix.com Ltd	$0	–	-2,000	–	-0.02%	–
SPG	Exit	SIMON PPTY INC	$0	–	-1,200	–	-0.02%	–
ALGN	Exit	Align Technology Inc.	$0	–	-618	–	-0.02%	–
MRK	Exit	MERCK & CO INC	$0	–	-3,500	–	-0.02%	–
LSXMK	Exit	Liberty Media Corp-Liberty Sir .	$0	–	-4,900	–	-0.02%	–
PFE	Exit	Pfizer Inc	$0	–	-6,000	–	-0.02%	–
EWJ	Exit	Ishares MSCI Japan ETFmsci jpn etf new	$0	–	-4,549	–	-0.03%	–
CSX	Exit	CSX Corp.	$0	–	-4,100	–	-0.03%	–
CAT	Exit	Caterpillar Inc	$0	–	-2,485	–	-0.03%	–
GIL	Exit	GILDAN ACTIVEWEAR	$0	–	-11,900	–	-0.03%	–
CNK	Exit	CINEMARK HOLDINGS	$0	–	-10,000	–	-0.04%	–
GE	Exit	General Electric Co	$0	–	-29,700	–	-0.04%	–
BBBY	Exit	Bed Bath & Beyond	$0	–	-21,000	–	-0.04%	–
JD	Exit	JD.Com Inc Adrspon adr cl a	$0	–	-11,000	–	-0.04%	–
WSTG	Exit	WAYSIDE TECHNOLOGY	$0	–	-35,000	–	-0.05%	–
VIAB	Exit	VIACOM INCcl b	$0	–	-18,200	–	-0.06%	–
BHP	Exit	BHP Billiton-Ltd S/ADRsponsored adr	$0	–	-11,625	–	-0.06%	–
JCI	Exit	JOHNSON CONTROLS INT	$0	–	-18,500	–	-0.06%	–
MAR	Exit	Marriott Intl Inc-Acl a	$0	–	-4,970	–	-0.06%	–
MD	Exit	MEDNAX INC	$0	–	-15,000	–	-0.06%	–
GRPU	Exit	GRANITE REAL ESTATEunit 99/99/9999	$0	–	-16,000	–	-0.07%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-50,200	–	-0.07%	–
HCA	Exit	HCA HEALTHCARE	$0	–	-7,000	–	-0.07%	–
MGA	Exit	MAGNA INTL INC	$0	–	-12,700	–	-0.08%	–
RACE	Exit	Ferrari N.V.	$0	–	-7,575	–	-0.10%	–
MTCH	Exit	MATCH GROUP INC	$0	–	-30,078	–	-0.12%	–
EAT	Exit	Brinker Intl Inc	$0	–	-28,200	–	-0.14%	–
MITL	Exit	Mitel Networks Corp	$0	–	-919,663	–	-1.01%	–

Q2 2018

			Value		Shares		↓ Weighting
JPM	New	J.P. Morgan Chase&Company	$48,109,000	–	461,697	–	4.84%	–
TD	New	Toronto Dominion Bank	$38,295,000	–	660,626	–	3.85%	–
PBA	New	Pembina Pipeline Corp	$37,820,000	–	1,091,802	–	3.81%	–
RY	New	Royal Bank of Canada	$33,678,000	–	446,369	–	3.39%	–
LYB	New	Lyondellbasell Indus A NV	$29,013,000	–	264,117	–	2.92%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$28,973,000	–	714,089	–	2.92%	–
GIB	New	CGI Group Inc. Cls Acl a sub vtg	$28,827,000	–	454,686	–	2.90%	–
HPQ	New	HP Inc	$28,138,000	–	1,240,122	–	2.83%	–
IMO	New	Imperial Oil Limited	$27,944,000	–	840,504	–	2.81%	–
TEL	New	TE Connectivity	$27,684,000	–	307,396	–	2.79%	–
MSFT	New	Microsoft Corporation	$27,414,000	–	278,000	–	2.76%	–
GOOG	New	Alphabet Inc Cl Ccap stk cl c	$25,735,000	–	23,067	–	2.59%	–
SU	New	Suncor Energy Inc.	$25,688,000	–	630,822	–	2.58%	–
UTX	New	United Technologies Corp	$23,608,000	–	188,819	–	2.38%	–
EHC	New	Encompass Health Corp	$23,258,000	–	343,447	–	2.34%	–
TXN	New	Texas Instruments-Cum Rts	$22,766,000	–	206,497	–	2.29%	–
V	New	Visa Inc.	$22,568,000	–	170,394	–	2.27%	–
DFS	New	Discover Financial Svcs	$21,742,000	–	308,794	–	2.19%	–
BDX	New	Becton Dickinson & Co	$20,032,000	–	83,618	–	2.02%	–
BAC	New	Bank of America	$18,962,000	–	672,654	–	1.91%	–
RTN	New	Raytheon Co	$18,901,000	–	97,845	–	1.90%	–
DISCA	New	Discovery Comm Inc SRS A	$18,155,000	–	660,160	–	1.83%	–
CPG	New	Crescent Point Energy Corp.	$15,179,000	–	2,064,017	–	1.53%	–
BNS	New	Bank of Nova Scotia	$14,021,000	–	247,075	–	1.41%	–
AIG	New	American Intl Group New	$13,361,000	–	252,002	–	1.34%	–
C	New	Citigroup Inc New	$13,214,000	–	197,462	–	1.33%	–
RCI	New	Rogers Communications - B-NVScl b	$10,914,000	–	229,473	–	1.10%	–
MET	New	Metlife Inc	$10,704,000	–	245,510	–	1.08%	–
KSS	New	Kohl's Corp.	$10,500,000	–	144,025	–	1.06%	–
ACN	New	Accenture PLC Cl-A	$10,298,000	–	62,954	–	1.04%	–
MITL	New	Mitel Networks Corp	$10,068,000	–	919,663	–	1.01%	–
COF	New	Capital One Fincl Corp	$9,634,000	–	104,825	–	0.97%	–
FSV	New	FIRSTSERVICE CORPsub stg sh	$8,913,000	–	116,000	–	0.90%	–
PM	New	Philip Morris Intl Inc	$8,860,000	–	109,738	–	0.89%	–
BHF	New	Brighthouse Financial Inc	$8,616,000	–	215,031	–	0.87%	–
HBI	New	Hanesbrands Inc	$8,125,000	–	368,961	–	0.82%	–
CAE	New	C A E Inc	$7,668,000	–	365,400	–	0.77%	–
COWN	New	Cowen Group Inc - Cl A Newcl a new	$6,277,000	–	453,225	–	0.63%	–
BTI	New	British Amer Tob Sp ADRsponsored adr	$5,755,000	–	114,075	–	0.58%	–
FRC	New	First Republic Bank	$5,631,000	–	58,169	–	0.57%	–
DSGX	New	DESCARTES SYSTEMScim	$5,575,000	–	169,400	–	0.56%	–
ENB	New	Enbridge Inc	$5,508,000	–	153,973	–	0.55%	–
BUD	New	Anheuser-Busch Inveb ADRsponsored adr	$5,369,000	–	53,284	–	0.54%	–
CNQ	New	Canadian Natural Resources Limited	$5,342,000	–	147,697	–	0.54%	–
CLS	New	CELESTICA INC	$5,176,000	–	431,500	–	0.52%	–
DWDP	New	Dowdupont Inc	$5,122,000	–	77,698	–	0.52%	–
ORCL	New	ORACLE CORP	$5,096,000	–	115,661	–	0.51%	–
NOA	New	NORTH AMERICAN CONST	$5,047,000	–	847,500	–	0.51%	–
GOOGL	New	Alphabet Inc Cl Acap stk cl a	$5,000,000	–	4,428	–	0.50%	–
MFC	New	Manulife Financial Corporation	$4,716,000	–	262,157	–	0.48%	–
HBM	New	HUDBAY MINERALS	$4,405,000	–	782,000	–	0.44%	–
CMCSA	New	Comcast Corp Class A - Newcl a	$4,391,000	–	133,850	–	0.44%	–
JNJ	New	Johnson & Johnson	$4,254,000	–	35,053	–	0.43%	–
TSM	New	Taiwan Semicon Man SP/ADRsponsored adr	$4,153,000	–	113,595	–	0.42%	–
WFC	New	Wells Fargo & Co	$4,081,000	–	73,607	–	0.41%	–
BA	New	Boeing Company	$4,075,000	–	12,145	–	0.41%	–
SPGI	New	S & P Global Inc	$3,915,000	–	19,207	–	0.39%	–
HON	New	Honeywell Intl Inc	$3,725,000	–	25,860	–	0.38%	–
CCL	New	Carnival Corp - Paired Stockunit 99/99/9999	$3,648,000	–	63,650	–	0.37%	–
CM	New	Canadian Imperial Bank of Commerce	$3,499,000	–	31,979	–	0.35%	–
SLB	New	Schlumberger Ltd	$3,297,000	–	49,169	–	0.33%	–
VET	New	Vermilion Energy Inc	$3,154,000	–	87,371	–	0.32%	–
MDT	New	Medtronic Inc	$3,150,000	–	36,788	–	0.32%	–
COST	New	Costco Wholesale Corporation	$3,100,000	–	14,833	–	0.31%	–
ETN	New	EATON CORPORATION	$3,059,000	–	40,928	–	0.31%	–
SWK	New	STANLEY BLACK&DECKR	$2,901,000	–	21,843	–	0.29%	–
ERF	New	ENERPLUS CORP	$2,889,000	–	226,800	–	0.29%	–
TM	New	Toyota Motor Co Ltd ADR	$2,734,000	–	21,225	–	0.28%	–
BCE	New	BCE Inc - New	$2,611,000	–	64,389	–	0.26%	–
UNH	New	Unitedhealth Group Inc	$2,585,000	–	10,535	–	0.26%	–
DEO	New	Diageo PLC SP/ADR - Newspon adr new	$2,574,000	–	17,880	–	0.26%	–
AAPL	New	Apple Inc	$2,504,000	–	13,530	–	0.25%	–
SEE	New	Sealed Air Corp New	$2,396,000	–	56,457	–	0.24%	–
MA	New	Mastercard Inc Cl-Acl a	$2,353,000	–	11,975	–	0.24%	–
BMO	New	Bank of Montreal	$2,259,000	–	29,223	–	0.23%	–
TRP	New	Transcanada Corp	$2,258,000	–	51,929	–	0.23%	–
PKI	New	PerkinElmer Inc	$2,170,000	–	29,631	–	0.22%	–
DHR	New	Danaher Corp	$2,147,000	–	21,764	–	0.22%	–
GWRS	New	GLOBAL WATER RESOURC	$2,149,000	–	225,000	–	0.22%	–
GIS	New	General Mills Incs & Rts	$1,949,000	–	44,021	–	0.20%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$1,874,000	–	10,042	–	0.19%	–
ARCC	New	ARES CAP CORP	$1,835,000	–	111,536	–	0.18%	–
SYK	New	Stryker Corp	$1,777,000	–	10,526	–	0.18%	–
HYG	New	Ishares Iboxx $ Hi Yld Bdiboxx hi yd etf	$1,723,000	–	20,247	–	0.17%	–
SLF	New	Sun Life Financial Services Canada Inc	$1,705,000	–	42,166	–	0.17%	–
SBUX	New	Starbucks Corp	$1,693,000	–	34,650	–	0.17%	–
ECA	New	Encana Corporation	$1,686,000	–	128,547	–	0.17%	–
PEP	New	Pepsico Inc	$1,582,000	–	14,525	–	0.16%	–
CHD	New	Church & Dwight Co Inc	$1,413,000	–	26,590	–	0.14%	–
VZ	New	Verizon Communications	$1,361,000	–	27,060	–	0.14%	–
ABBV	New	Abbvie Inc-W/I	$1,347,000	–	14,535	–	0.14%	–
ADP	New	Automatc Data Proc	$1,342,000	–	10,000	–	0.14%	–
EAT	New	Brinker Intl Inc	$1,342,000	–	28,200	–	0.14%	–
CNI	New	Canadian National Railway Company	$1,283,000	–	15,678	–	0.13%	–
SCHW	New	Schwab Charles Corp	$1,277,000	–	24,975	–	0.13%	–
PDS	New	Precision Drilling Corp	$1,270,000	–	383,804	–	0.13%	–
CVE	New	Cenovus Energy Inc	$1,261,000	–	121,484	–	0.13%	–
OTEX	New	Open Text Corporation	$1,245,000	–	35,000	–	0.12%	–
MTCH	New	MATCH GROUP INC	$1,165,000	–	30,078	–	0.12%	–
CCJ	New	Cameco Corporation	$1,032,000	–	91,735	–	0.10%	–
RACE	New	Ferrari N.V.	$1,023,000	–	7,575	–	0.10%	–
HD	New	Home Depot Inc	$1,001,000	–	5,129	–	0.10%	–
CP	New	Canadian Pacific Railway Limited	$980,000	–	5,300	–	0.10%	–
BR	New	Broadridge Finl Solns Inc	$984,000	–	8,550	–	0.10%	–
LMT	New	Lockheed Martin Corp	$934,000	–	3,162	–	0.09%	–
SJNK	New	SPDR SERIES TRUSTbloomberg srt tr	$914,000	–	33,500	–	0.09%	–
CVS	New	CVS HEALTH CORP	$901,000	–	14,000	–	0.09%	–
UNP	New	Union Pacific Corp	$894,000	–	6,311	–	0.09%	–
AMGN	New	Amgen Inc	$891,000	–	4,824	–	0.09%	–
IBM	New	International Business Machines	$888,000	–	6,356	–	0.09%	–
MO	New	Altria Group Inc	$873,000	–	15,371	–	0.09%	–
FMX	New	Fomento Econ Mex Spn Adrspon adr units	$878,000	–	10,000	–	0.09%	–
KL	New	KIRKLAND LAKE GOLD	$828,000	–	38,700	–	0.08%	–
AMZN	New	Amazon.com Inc	$821,000	–	483	–	0.08%	–
JNK	New	SPDR Barclays H/Y Bnd ETFbloomberg brclys	$805,000	–	22,700	–	0.08%	–
MGA	New	MAGNA INTL INC	$746,000	–	12,700	–	0.08%	–
HCA	New	HCA HEALTHCARE	$718,000	–	7,000	–	0.07%	–
WSR	New	WHITESTONE REIT	$710,000	–	56,900	–	0.07%	–
EMN	New	EASTMAN CHEM CO	$700,000	–	7,000	–	0.07%	–
STT	New	STATE STREET CORP	$689,000	–	7,400	–	0.07%	–
GOLD	New	BARRICK GOLD CORP	$666,000	–	50,200	–	0.07%	–
HDB	New	HDFC Bank Ltd ADR	$651,000	–	6,200	–	0.07%	–
GRPU	New	GRANITE REAL ESTATEunit 99/99/9999	$659,000	–	16,000	–	0.07%	–
MD	New	MEDNAX INC	$649,000	–	15,000	–	0.06%	–
EMB	New	Ishares JPM USD Emrg Mktjpmorgan usd emg	$650,000	–	6,088	–	0.06%	–
MAR	New	Marriott Intl Inc-Acl a	$629,000	–	4,970	–	0.06%	–
JCI	New	JOHNSON CONTROLS INT	$619,000	–	18,500	–	0.06%	–
DKS	New	DICKS SPORTING GOODS	$599,000	–	17,000	–	0.06%	–
TECK	New	TECK RESOURCES LTDcl ab	$582,000	–	22,600	–	0.06%	–
WHR	New	WHIRLPOOL CORP	$585,000	–	4,000	–	0.06%	–
BHP	New	BHP Billiton-Ltd S/ADRsponsored adr	$581,000	–	11,625	–	0.06%	–
USB	New	US BANCORP DEL	$570,000	–	11,400	–	0.06%	–
VIAB	New	VIACOM INCcl b	$549,000	–	18,200	–	0.06%	–
FB	New	Facebook Inc Cl-Acl a	$546,000	–	2,811	–	0.06%	–
IAG	New	IAMGOLD CORP	$534,000	–	90,800	–	0.05%	–
HAL	New	Halliburton Co	$537,000	–	11,905	–	0.05%	–
T	New	AT & T Inc	$513,000	–	15,961	–	0.05%	–
TLK	New	Telekomunikasi Indonesia Perse Adrsponsored adr	$520,000	–	20,000	–	0.05%	–
RDSB	New	Royal Dutch Shell Adr-Bspon adr b	$505,000	–	6,950	–	0.05%	–
MCO	New	Moody's Corp	$510,000	–	2,989	–	0.05%	–
WSTG	New	WAYSIDE TECHNOLOGY	$492,000	–	35,000	–	0.05%	–
MMM	New	3M Company	$480,000	–	2,440	–	0.05%	–
EQIX	New	Equinix Inc	$473,000	–	1,100	–	0.05%	–
NKE	New	Nike Inc Class Bcl b	$464,000	–	5,819	–	0.05%	–
BLK	New	Blackrock Inc	$464,000	–	930	–	0.05%	–
CAH	New	Cardinal Health Inc	$464,000	–	9,500	–	0.05%	–
AMT	New	American Tower Corp	$466,000	–	3,230	–	0.05%	–
MCD	New	McDonalds Corporation	$454,000	–	2,898	–	0.05%	–
CVX	New	Chevron Corp	$446,000	–	3,528	–	0.04%	–
FSM	New	FORTUNA SILVER MINES	$452,000	–	78,600	–	0.04%	–
EL	New	ESTEE LAUDER COcl a	$447,000	–	3,132	–	0.04%	–
SRCL	New	STERICYCLE INC	$424,000	–	6,500	–	0.04%	–
MAXR	New	MAXAR TECHNOLOGIES	$431,000	–	8,505	–	0.04%	–
JD	New	JD.Com Inc Adrspon adr cl a	$428,000	–	11,000	–	0.04%	–
ROP	New	Roper Technologies Inc	$414,000	–	1,500	–	0.04%	–
BBBY	New	Bed Bath & Beyond	$418,000	–	21,000	–	0.04%	–
GE	New	General Electric Co	$404,000	–	29,700	–	0.04%	–
DIS	New	Walt Disney Co	$408,000	–	3,891	–	0.04%	–
INTC	New	INTEL CORP	$398,000	–	8,000	–	0.04%	–
FDS	New	Factset Research Systems Inc .	$396,000	–	2,000	–	0.04%	–
HOG	New	HARLEY DAVIDSON INC	$375,000	–	8,900	–	0.04%	–
PAYX	New	Paychex Inc	$376,000	–	5,500	–	0.04%	–
EBAY	New	EBAY INC	$355,000	–	9,800	–	0.04%	–
CNK	New	CINEMARK HOLDINGS	$351,000	–	10,000	–	0.04%	–
GIL	New	GILDAN ACTIVEWEAR	$339,000	–	11,900	–	0.03%	–
LLY	New	ELI LILLY & CO	$333,000	–	3,900	–	0.03%	–
CAT	New	Caterpillar Inc	$337,000	–	2,485	–	0.03%	–
AINV	New	Apollo Investment Corp	$296,000	–	53,190	–	0.03%	–
SJR	New	SHAW COMMUNICATIONScl b conv	$288,000	–	14,000	–	0.03%	–
CSX	New	CSX Corp.	$265,000	–	4,100	–	0.03%	–
CBKCQ	New	Christopher & Banks Corp.	$268,000	–	285,000	–	0.03%	–
TRI	New	Thomson Reuters Corp	$255,000	–	6,320	–	0.03%	–
EWJ	New	Ishares MSCI Japan ETFmsci jpn etf new	$263,000	–	4,549	–	0.03%	–
FDX	New	Fedex Corporation	$249,000	–	1,000	–	0.02%	–
FNV	New	Franco-Nevada Corp	$234,000	–	3,200	–	0.02%	–
XRX	New	Xerox Corp	$241,000	–	10,050	–	0.02%	–
WCN	New	WASTE CONNECTIONS	$236,000	–	3,100	–	0.02%	–
PFE	New	Pfizer Inc	$218,000	–	6,000	–	0.02%	–
GLD	New	SPDR Gold Trust ETF	$218,000	–	1,841	–	0.02%	–
LSXMK	New	Liberty Media Corp-Liberty Sir .	$222,000	–	4,900	–	0.02%	–
VWO	New	Vanguard FTSE Emerg Mkt	$212,000	–	5,031	–	0.02%	–
WMT	New	Wal Mart Stores Inc	$212,000	–	2,475	–	0.02%	–
MRK	New	MERCK & CO INC	$212,000	–	3,500	–	0.02%	–
ALGN	New	Align Technology Inc.	$211,000	–	618	–	0.02%	–
SPG	New	SIMON PPTY INC	$204,000	–	1,200	–	0.02%	–
SHW	New	Sherwin-Williams Co	$203,000	–	500	–	0.02%	–
WIX	New	Wix.com Ltd	$201,000	–	2,000	–	0.02%	–
FTS	New	FORTIS INC	$184,000	–	5,700	–	0.02%	–
TSQ	New	Townsquare Media Inc Cl Acl a	$65,000	–	10,000	–	0.01%	–
MUX	New	Mcewen Mining Inc	$21,000	–	10,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
MUX	Exit	Mcewen Mining Inc	$0	–	-10,000	–	-0.00%	–
SMRTQ	Exit	Stein Mart	$0	–	-65,000	–	-0.01%	–
RCI	Exit	Rogers Communications - B-NVScl b new	$0	–	-4,760	–	-0.03%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-36,700	–	-0.04%	–
EACQ	Exit	Easterly Acquisition Corp	$0	–	-35,000	–	-0.05%	–
CBKCQ	Exit	Christopher & Banks Corp.	$0	–	-285,000	–	-0.05%	–
IMO	Exit	Imperial Oil Limited	$0	–	-13,600	–	-0.06%	–
TRI	Exit	Thomson Reuters Corp	$0	–	-10,000	–	-0.06%	–
CP	Exit	Canadian Pacific Railway Limited	$0	–	-2,875	–	-0.06%	–
BRKB	Exit	Berkshire Hathaway B Newcl b new	$0	–	-2,630	–	-0.06%	–
SLB	Exit	Schlumberger Ltd	$0	–	-12,700	–	-0.12%	–
BCE	Exit	BCE Inc - New	$0	–	-22,686	–	-0.14%	–
DEO	Exit	Diageo PLC SP/ADR - Newspon adr new	$0	–	-9,430	–	-0.17%	–
TJX	Exit	TJX Companies Inc-New	$0	–	-16,950	–	-0.17%	–
SBUX	Exit	Starbucks Corp	$0	–	-26,875	–	-0.19%	–
BMO	Exit	Bank of Montreal	$0	–	-19,562	–	-0.20%	–
NWL	Exit	Newell Brands Inc	$0	–	-53,705	–	-0.31%	–
TM	Exit	Toyota Motor Co Ltd ADR	$0	–	-20,075	–	-0.32%	–
CMCSA	Exit	Comcast Corp Class A - Newcl a	$0	–	-69,075	–	-0.36%	–
HON	Exit	Honeywell Intl Inc	$0	–	-21,045	–	-0.40%	–
JCI	Exit	Johnson Controls Inc PLC	$0	–	-82,107	–	-0.45%	–
TSM	Exit	Taiwan Semicon Man SP/ADRsponsored adr	$0	–	-97,615	–	-0.49%	–
SPR	Exit	Spirit AeroSystems Hldgs - A	$0	–	-49,025	–	-0.51%	–
COWN	Exit	Cowen Group Inc - Cl A Newcl a new	$0	–	-322,375	–	-0.77%	–
TWX	Exit	Time Warner Inc-New	$0	–	-57,483	–	-0.79%	–
AGN	Exit	Allergan PLC	$0	–	-29,978	–	-0.83%	–
BTI	Exit	British Amer Tob Sp ADRsponsored adr	$0	–	-106,090	–	-0.89%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-107,523	–	-0.93%	–
ACN	Exit	Accenture PLC Cl-A	$0	–	-53,955	–	-0.98%	–
DISCA	Exit	Discovery Comm Inc SRS A	$0	–	-352,500	–	-1.01%	–
GOLD	Exit	Barrick Gold Corporation	$0	–	-482,677	–	-1.04%	–
COF	Exit	Capital One Fincl Corp	$0	–	-94,455	–	-1.08%	–
GM	Exit	General Motors Company	$0	–	-199,495	–	-1.08%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-197,396	–	-1.10%	–
WFC	Exit	Wells Fargo & Co	$0	–	-154,745	–	-1.15%	–
BHF	Exit	Brighthouse Financial Inc	$0	–	-171,870	–	-1.41%	–
BDX	Exit	Becton Dickinson & Co	$0	–	-58,490	–	-1.54%	–
AAPL	Exit	Apple Inc	$0	–	-86,819	–	-1.80%	–
BAC	Exit	Bank of America	$0	–	-534,175	–	-1.82%	–
C	Exit	Citigroup Inc New	$0	–	-196,687	–	-1.93%	–
AIG	Exit	American Intl Group New	$0	–	-240,517	–	-1.99%	–
MET	Exit	Metlife Inc	$0	–	-289,150	–	-2.02%	–
V	Exit	Visa Inc.	$0	–	-160,052	–	-2.27%	–
MSFT	Exit	Microsoft Corporation	$0	–	-238,635	–	-2.40%	–
UTX	Exit	United Technologies Corp	$0	–	-159,192	–	-2.49%	–
MITL	Exit	Mitel Networks Corp	$0	–	-2,388,130	–	-2.69%	–
LYB	Exit	Lyondellbasell Indus A NV	$0	–	-201,330	–	-2.69%	–
SU	Exit	Suncor Energy Inc.	$0	–	-595,117	–	-2.80%	–
HBI	Exit	Hanesbrands Inc	$0	–	-849,550	–	-2.82%	–
GOOG	Exit	Alphabet Inc Cl Ccap stk cl c	$0	–	-23,329	–	-3.02%	–
DFS	Exit	Discover Financial Svcs	$0	–	-347,275	–	-3.02%	–
ENB	Exit	Enbridge Inc	$0	–	-550,826	–	-3.09%	–
GIB	Exit	CGI Group Inc. Cls Acl a sub vtg	$0	–	-488,725	–	-3.40%	–
AGU	Exit	Agrium Inc	$0	–	-237,330	–	-3.42%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-246,595	–	-3.69%	–
RY	Exit	Royal Bank of Canada	$0	–	-361,844	–	-3.76%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-947,728	–	-4.47%	–
KSS	Exit	Kohl's Corp.	$0	–	-750,625	–	-4.62%	–
HLS	Exit	Healthsouth Corp.	$0	–	-808,505	–	-5.05%	–
TD	Exit	Toronto Dominion Bank	$0	–	-676,555	–	-5.12%	–
CI	Exit	Cigna Corp	$0	–	-212,735	–	-5.36%	–
JPM	Exit	J.P. Morgan Chase&Company	$0	–	-419,550	–	-5.40%	–

Q3 2017

			Value		Shares		↓ Weighting
JPM	Buy	J.P. Morgan Chase&Company	$40,071,000	+6.5%	419,550	+1.9%	5.40%	+1.4%
CI	Sell	Cigna Corp	$39,769,000	+9.7%	212,735	-1.8%	5.36%	+4.5%
TD	Buy	Toronto Dominion Bank	$37,989,000	+21.0%	676,555	+8.5%	5.12%	+15.2%
HLS	Sell	Healthsouth Corp.	$37,474,000	-5.1%	808,505	-0.9%	5.05%	-9.6%
KSS	Buy	Kohl's Corp.	$34,266,000	+485.6%	750,625	+396.1%	4.62%	+457.5%
PBA	Sell	Pembina Pipeline Corp	$33,164,000	+0.3%	947,728	-5.2%	4.47%	-4.5%
RY	Buy	Royal Bank of Canada	$27,922,000	+11.5%	361,844	+4.8%	3.76%	+6.2%
PM	Buy	Philip Morris Intl Inc	$27,375,000	+25.2%	246,595	+32.5%	3.69%	+19.3%
AGU	Sell	Agrium Inc	$25,366,000	+11.9%	237,330	-5.3%	3.42%	+6.5%
GIB	Buy	CGI Group Inc. Cls Acl a sub vtg	$25,274,000	+34.7%	488,725	+32.9%	3.40%	+28.2%
ENB	Sell	Enbridge Inc	$22,947,000	+4.5%	550,826	-0.2%	3.09%	-0.5%
DFS	New	Discover Financial Svcs	$22,392,000	–	347,275	–	3.02%	–
GOOG	Sell	Alphabet Inc Cl Ccap stk cl c	$22,376,000	+3.7%	23,329	-1.7%	3.02%	-1.2%
HBI	Buy	Hanesbrands Inc	$20,933,000	+147.3%	849,550	+132.4%	2.82%	+135.6%
SU	Sell	Suncor Energy Inc.	$20,802,000	-31.5%	595,117	-42.8%	2.80%	-34.8%
MITL	Sell	Mitel Networks Corp	$19,947,000	+13.2%	2,388,130	-0.6%	2.69%	+7.7%
LYB	Sell	Lyondellbasell Indus A NV	$19,942,000	+14.8%	201,330	-2.2%	2.69%	+9.4%
UTX	Buy	United Technologies Corp	$18,479,000	-2.0%	159,192	+3.1%	2.49%	-6.7%
MSFT	Sell	Microsoft Corporation	$17,776,000	+8.0%	238,635	-0.1%	2.40%	+2.8%
V	Sell	Visa Inc.	$16,843,000	+8.4%	160,052	-3.4%	2.27%	+3.2%
MET	Sell	Metlife Inc	$15,021,000	-5.8%	289,150	-0.3%	2.02%	-10.2%
AIG	Buy	American Intl Group New	$14,765,000	+1.3%	240,517	+3.2%	1.99%	-3.5%
C	Buy	Citigroup Inc New	$14,307,000	+9.6%	196,687	+0.7%	1.93%	+4.3%
BAC	Buy	Bank of America	$13,536,000	+46.8%	534,175	+40.5%	1.82%	+39.9%
AAPL	Sell	Apple Inc	$13,381,000	-17.5%	86,819	-22.9%	1.80%	-21.4%
BDX	Buy	Becton Dickinson & Co	$11,461,000	+11.1%	58,490	+10.7%	1.54%	+5.8%
BHF	New	Brighthouse Financial Inc	$10,449,000	–	171,870	–	1.41%	–
WFC	Sell	Wells Fargo & Co	$8,534,000	-4.9%	154,745	-4.4%	1.15%	-9.4%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vt sh	$8,129,000	-8.0%	197,396	-12.4%	1.10%	-12.4%
GM	Buy	General Motors Company	$8,055,000	+15.6%	199,495	+0.1%	1.08%	+10.2%
COF	Sell	Capital One Fincl Corp	$7,996,000	-0.2%	94,455	-2.6%	1.08%	-5.0%
GOLD	Buy	Barrick Gold Corporation	$7,746,000	+4.5%	482,677	+3.5%	1.04%	-0.5%
DISCA	Buy	Discovery Comm Inc SRS A	$7,505,000	+148.9%	352,500	+201.9%	1.01%	+137.3%
ACN	Sell	Accenture PLC Cl-A	$7,287,000	-48.5%	53,955	-52.8%	0.98%	-50.9%
BNS	Buy	Bank of Nova Scotia	$6,893,000	+7.7%	107,523	+0.9%	0.93%	+2.7%
BTI	Sell	British Amer Tob Sp ADRsponsored adr	$6,626,000	-9.3%	106,090	-0.5%	0.89%	-13.6%
AGN	Sell	Allergan PLC	$6,144,000	-29.2%	29,978	-16.0%	0.83%	-32.6%
TWX	Sell	Time Warner Inc-New	$5,889,000	-16.4%	57,483	-18.0%	0.79%	-20.4%
COWN	Sell	Cowen Group Inc - Cl A Newcl a new	$5,738,000	+9.0%	322,375	-0.5%	0.77%	+3.8%
SPR	New	Spirit AeroSystems Hldgs - A	$3,810,000	–	49,025	–	0.51%	–
TSM	Sell	Taiwan Semicon Man SP/ADRsponsored adr	$3,665,000	+5.5%	97,615	-1.8%	0.49%	+0.6%
HON	Sell	Honeywell Intl Inc	$2,983,000	+2.7%	21,045	-3.4%	0.40%	-2.2%
CMCSA	Sell	Comcast Corp Class A - Newcl a	$2,658,000	-1.8%	69,075	-0.7%	0.36%	-6.5%
NWL	Sell	Newell Brands Inc	$2,291,000	-81.8%	53,705	-77.1%	0.31%	-82.7%
BMO	Buy	Bank of Montreal	$1,476,000	+9.6%	19,562	+6.5%	0.20%	+4.2%
SBUX	Sell	Starbucks Corp	$1,443,000	-79.5%	26,875	-77.7%	0.19%	-80.5%
TJX	Sell	TJX Companies Inc-New	$1,250,000	-87.6%	16,950	-87.9%	0.17%	-88.2%
DEO	New	Diageo PLC SP/ADR - Newspon adr new	$1,246,000	–	9,430	–	0.17%	–
BCE	Buy	BCE Inc - New	$1,061,000	+11.6%	22,686	+7.3%	0.14%	+5.9%
SLB	Sell	Schlumberger Ltd	$886,000	-48.1%	12,700	-51.0%	0.12%	-50.6%
CP	New	Canadian Pacific Railway Limited	$482,000	–	2,875	–	0.06%	–
TRI	New	Thomson Reuters Corp	$458,000	–	10,000	–	0.06%	–
IMO	New	Imperial Oil Limited	$433,000	–	13,600	–	0.06%	–
CBKCQ	New	Christopher & Banks Corp.	$388,000	–	285,000	–	0.05%	–
EACQ	New	Easterly Acquisition Corp	$350,000	–	35,000	–	0.05%	–
CPG	Sell	Crescent Point Energy Corp.	$294,000	+1.4%	36,700	-3.2%	0.04%	-2.4%
RCI	New	Rogers Communications - B-NVScl b new	$245,000	–	4,760	–	0.03%	–
CNQ	Exit	Canadian Natural Resources Limited	$0	–	-1,000	–	-0.00%	–
CNI	Exit	Canadian National Railway Company	$0	–	-3,026	–	-0.04%	–
BRKA	Exit	Berkshire Hathaway Inc Acl a	$0	–	-1	–	-0.04%	–
TRP	Exit	Transcanada Corp	$0	–	-5,608	–	-0.04%	–
QRTEA	Exit	Liberty Interactive Corp-A	$0	–	-353,970	–	-1.23%	–
LOW	Exit	Lowes Companies Inc	$0	–	-146,410	–	-1.61%	–
WBA	Exit	Walgreen Boots Alliance	$0	–	-320,567	–	-3.55%	–

Q2 2017

			Value		Shares		↓ Weighting
HLS	New	Healthsouth Corp.	$39,503,000	–	816,180	–	5.59%	–
JPM	New	J.P. Morgan Chase&Company	$37,635,000	–	411,760	–	5.32%	–
CI	New	Cigna Corp	$36,257,000	–	216,602	–	5.13%	–
PBA	New	Pembina Pipeline Corp	$33,066,000	–	999,533	–	4.68%	–
TD	New	Toronto Dominion Bank	$31,394,000	–	623,689	–	4.44%	–
SU	New	Suncor Energy Inc.	$30,375,000	–	1,040,782	–	4.30%	–
WBA	New	Walgreen Boots Alliance	$25,103,000	–	320,567	–	3.55%	–
RY	New	Royal Bank of Canada	$25,049,000	–	345,394	–	3.54%	–
AGU	New	Agrium Inc	$22,678,000	–	250,512	–	3.21%	–
ENB	New	Enbridge Inc	$21,968,000	–	552,076	–	3.11%	–
PM	New	Philip Morris Intl Inc	$21,860,000	–	186,120	–	3.09%	–
GOOG	New	Alphabet Inc Cl Ccap st cl c	$21,569,000	–	23,736	–	3.05%	–
UTX	New	United Technologies Corp	$18,862,000	–	154,472	–	2.67%	–
GIB	New	CGI Group Inc. Cls A	$18,767,000	–	367,720	–	2.66%	–
MITL	New	Mitel Networks Corp	$17,628,000	–	2,401,430	–	2.49%	–
LYB	New	Lyondellbasell Indus A NV	$17,364,000	–	205,755	–	2.46%	–
MSFT	New	Microsoft Corporation	$16,465,000	–	238,875	–	2.33%	–
AAPL	New	Apple Inc	$16,222,000	–	112,632	–	2.30%	–
MET	New	Metlife Inc	$15,938,000	–	290,100	–	2.25%	–
V	New	Visa Inc.	$15,541,000	–	165,717	–	2.20%	–
AIG	New	American Intl Group New	$14,574,000	–	233,117	–	2.06%	–
ACN	New	Accenture PLC Cl-A	$14,150,000	–	114,410	–	2.00%	–
C	New	Citigroup Inc New	$13,057,000	–	195,237	–	1.85%	–
NWL	New	Newell Brands Inc	$12,589,000	–	234,785	–	1.78%	–
LOW	New	Lowes Companies Inc	$11,351,000	–	146,410	–	1.61%	–
BDX	New	Becton Dickinson & Co	$10,313,000	–	52,855	–	1.46%	–
TJX	New	TJX Companies Inc-New	$10,081,000	–	139,675	–	1.43%	–
BAC	New	Bank of America	$9,221,000	–	380,075	–	1.30%	–
WFC	New	Wells Fargo & Co	$8,972,000	–	161,915	–	1.27%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$8,835,000	–	225,396	–	1.25%	–
QRTEA	New	Liberty Interactive Corp-A	$8,687,000	–	353,970	–	1.23%	–
AGN	New	Allergan PLC	$8,679,000	–	35,703	–	1.23%	–
HBI	New	Hanesbrands Inc	$8,465,000	–	365,500	–	1.20%	–
COF	New	Capital One Fincl Corp	$8,015,000	–	97,005	–	1.13%	–
GOLD	New	Barrick Gold Corporation	$7,414,000	–	466,577	–	1.05%	–
BTI	New	British Amer Tob Sp ADRsponsored adr	$7,308,000	–	106,630	–	1.03%	–
TWX	New	Time Warner Inc-New	$7,042,000	–	70,133	–	1.00%	–
SBUX	New	Starbucks Corp	$7,026,000	–	120,490	–	0.99%	–
GM	New	General Motors Company	$6,965,000	–	199,395	–	0.98%	–
BNS	New	Bank of Nova Scotia	$6,401,000	–	106,523	–	0.90%	–
KSS	New	Kohl's Corp.	$5,851,000	–	151,300	–	0.83%	–
COWN	New	Cowen Group Inc - Cl A Newcl a new	$5,264,000	–	323,950	–	0.74%	–
JCI	New	Johnson Controls Inc PLC	$3,560,000	–	82,107	–	0.50%	–
TSM	New	Taiwan Semicon Man SP/ADRsponsored adr	$3,474,000	–	99,365	–	0.49%	–
DISCA	New	Discovery Comm Inc SRS A	$3,015,000	–	116,750	–	0.43%	–
HON	New	Honeywell Intl Inc	$2,904,000	–	21,785	–	0.41%	–
CMCSA	New	Comcast Corp Class A - Newcl a	$2,707,000	–	69,550	–	0.38%	–
TM	New	Toyota Motor Co Ltd ADR	$2,108,000	–	20,075	–	0.30%	–
SLB	New	Schlumberger Ltd	$1,706,000	–	25,910	–	0.24%	–
BMO	New	Bank of Montreal	$1,347,000	–	18,362	–	0.19%	–
BCE	New	BCE Inc - New	$951,000	–	21,136	–	0.14%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$445,000	–	2,630	–	0.06%	–
CPG	New	Crescent Point Energy Corp.	$290,000	–	37,900	–	0.04%	–
TRP	New	Transcanada Corp	$267,000	–	5,608	–	0.04%	–
BRKA	New	Berkshire Hathaway Inc Acl a	$255,000	–	1	–	0.04%	–
CNI	New	Canadian National Railway Company	$245,000	–	3,026	–	0.04%	–
SMRTQ	New	Stein Mart	$110,000	–	65,000	–	0.02%	–
CNQ	New	Canadian Natural Resources Limited	$29,000	–	1,000	–	0.00%	–
MUX	New	Mcewen Mining Inc	$26,000	–	10,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
TGB	Exit	Taseko Mines Ltd.	$0	–	-13,000	–	-0.00%	–
MUX	Exit	Mcewen Mining Inc	$0	–	-10,000	–	-0.01%	–
SMRTQ	Exit	Stein Mart	$0	–	-15,000	–	-0.01%	–
WRK	Exit	Westrock Company	$0	–	-4,400	–	-0.03%	–
BRKA	Exit	Berkshire Hathaway Inc Acl a	$0	–	-1	–	-0.03%	–
CVE	Exit	Cenovus Energy Inc	$0	–	-16,500	–	-0.03%	–
CXW	Exit	Corrections Corp of America-New	$0	–	-22,000	–	-0.04%	–
BRKB	Exit	Berkshire Hathaway B Newcl b new	$0	–	-2,730	–	-0.06%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-36,800	–	-0.07%	–
ENB	Exit	Enbridge Inc	$0	–	-13,281	–	-0.08%	–
BCE	Exit	BCE Inc - New	$0	–	-17,246	–	-0.11%	–
BMO	Exit	Bank of Montreal	$0	–	-16,650	–	-0.15%	–
KSS	Exit	Kohl Corp	$0	–	-49,400	–	-0.30%	–
OXY	Exit	Occidental Pete Corp	$0	–	-38,215	–	-0.39%	–
TIME	Exit	Time Inc	$0	–	-197,999	–	-0.40%	–
TJX	Exit	TJX Companies Inc-New	$0	–	-38,825	–	-0.41%	–
CMCSA	Exit	Comcast Corp Class A - Newcl a	$0	–	-50,725	–	-0.47%	–
DISCA	Exit	Discovery Comm Inc SRS A	$0	–	-128,950	–	-0.49%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-36,000	–	-0.49%	–
HON	Exit	Honeywell Intl Inc	$0	–	-30,305	–	-0.50%	–
JCI	Exit	Johnson Controls Inc PLC	$0	–	-77,878	–	-0.51%	–
TM	Exit	Toyota Motor Co Ltd ADR	$0	–	-32,915	–	-0.54%	–
COWN	Exit	Cowen Group Inc - Cl Acl a	$0	–	-1,129,400	–	-0.58%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-103,668	–	-0.77%	–
BBBY	Exit	Bed Bath and Beyond Inc	$0	–	-133,475	–	-0.81%	–
MET	Exit	Metlife Inc	$0	–	-144,200	–	-0.90%	–
BTI	Exit	British Amer Tob Sp ADRsponsored adr	$0	–	-53,015	–	-0.95%	–
ACN	Exit	Accenture PLC Cl-Aplc cl-a	$0	–	-56,815	–	-0.98%	–
GM	Exit	General Motors Company	$0	–	-223,745	–	-1.00%	–
TWX	Exit	Time Warner Inc-New	$0	–	-96,733	–	-1.08%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-227,671	–	-1.12%	–
KO	Exit	Coca Cola Co	$0	–	-207,967	–	-1.24%	–
C	Exit	Citigroup Inc New	$0	–	-200,937	–	-1.33%	–
QRTEA	Exit	Liberty Interactive Corp-A	$0	–	-500,320	–	-1.41%	–
LOW	Exit	Lowes Companies Inc	$0	–	-153,475	–	-1.56%	–
IILG	Exit	Interval Leisure Grp	$0	–	-742,700	–	-1.79%	–
BAC	Exit	Bank of America	$0	–	-825,750	–	-1.82%	–
COF	Exit	Capital One Fincl Corp	$0	–	-183,431	–	-1.85%	–
MITL	Exit	Mitel Networks Corp	$0	–	-1,909,930	–	-1.97%	–
MSFT	Exit	Microsoft Corporation	$0	–	-249,220	–	-2.02%	–
V	Exit	Visa Inc.	$0	–	-185,672	–	-2.16%	–
AIG	Exit	American Intl Group New	$0	–	-272,167	–	-2.27%	–
PHM	Exit	Pulte Homes Inc	$0	–	-806,275	–	-2.27%	–
SABR	Exit	Sabre Corp	$0	–	-581,500	–	-2.30%	–
UTX	Exit	United Technologies Corp	$0	–	-163,507	–	-2.33%	–
AAPL	Exit	Apple Inc	$0	–	-164,397	–	-2.61%	–
CI	Exit	Cigna Corp	$0	–	-153,402	–	-2.81%	–
RY	Exit	Royal Bank of Canada	$0	–	-349,341	–	-3.04%	–
SLB	Exit	Schlumberger Ltd	$0	–	-332,830	–	-3.68%	–
AGU	Exit	Agrium Inc	$0	–	-291,752	–	-3.71%	–
HLS	Exit	Healthsouth Corp.	$0	–	-678,675	–	-3.87%	–
WFC	Exit	Wells Fargo & Co	$0	–	-675,630	–	-4.20%	–
TD	Exit	Toronto Dominion Bank	$0	–	-692,256	–	-4.32%	–
NWL	Exit	Newell Brands Inc	$0	–	-614,215	–	-4.54%	–
WBA	Exit	Walgreen Boots Alliance	$0	–	-410,812	–	-4.65%	–
AGN	Exit	Allergan PLC	$0	–	-150,645	–	-4.87%	–
SU	Exit	Suncor Energy Inc - New	$0	–	-1,317,603	–	-5.14%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-1,374,158	–	-5.88%	–
JPM	Exit	J.P. Morgan Chase&Company	$0	–	-752,370	–	-7.04%	–

Q3 2016

			Value		Shares		↓ Weighting
JPM	Sell	J.P. Morgan Chase&Company	$50,100,000	+3.9%	752,370	-3.0%	7.04%	+3.2%
PBA	Sell	Pembina Pipeline Corp	$41,884,000	-8.8%	1,374,158	-9.7%	5.88%	-9.5%
SU	Sell	Suncor Energy Inc - New	$36,584,000	-1.5%	1,317,603	-2.2%	5.14%	-2.2%
AGN	Buy	Allergan PLC	$34,695,000	+11.0%	150,645	+11.4%	4.87%	+10.2%
WBA	Sell	Walgreen Boots Alliance	$33,119,000	-5.1%	410,812	-2.0%	4.65%	-5.8%
NWL	Sell	Newell Brands Inc	$32,344,000	-1.6%	614,215	-9.2%	4.54%	-2.3%
TD	Sell	Toronto Dominion Bank	$30,736,000	-31.2%	692,256	-33.9%	4.32%	-31.7%
WFC	Buy	Wells Fargo & Co	$29,917,000	+73.1%	675,630	+85.0%	4.20%	+71.8%
HLS	Buy	Healthsouth Corp.	$27,534,000	+26.9%	678,675	+21.4%	3.87%	+26.0%
AGU	Buy	Agrium Inc	$26,435,000	+1.9%	291,752	+1.1%	3.71%	+1.2%
SLB	Sell	Schlumberger Ltd	$26,174,000	-3.3%	332,830	-2.8%	3.68%	-4.0%
RY	Sell	Royal Bank of Canada	$21,642,000	+3.8%	349,341	-1.7%	3.04%	+3.0%
CI	Sell	Cigna Corp	$19,991,000	-0.9%	153,402	-2.7%	2.81%	-1.6%
AAPL	Sell	Apple Inc	$18,585,000	+15.2%	164,397	-2.6%	2.61%	+14.3%
UTX	Sell	United Technologies Corp	$16,612,000	-3.3%	163,507	-2.4%	2.33%	-4.0%
SABR	New	Sabre Corp	$16,386,000	–	581,500	–	2.30%	–
PHM	Sell	Pulte Homes Inc	$16,158,000	-51.2%	806,275	-52.5%	2.27%	-51.6%
AIG	Sell	American Intl Group New	$16,150,000	-35.5%	272,167	-42.5%	2.27%	-36.0%
V	Sell	Visa Inc.	$15,355,000	+8.7%	185,672	-2.5%	2.16%	+7.9%
MSFT	Sell	Microsoft Corporation	$14,355,000	+9.4%	249,220	-2.8%	2.02%	+8.6%
MITL	Sell	Mitel Networks Corp	$14,009,000	+11.6%	1,909,930	-5.1%	1.97%	+10.8%
COF	Sell	Capital One Fincl Corp	$13,176,000	+10.4%	183,431	-2.4%	1.85%	+9.5%
BAC	Sell	Bank of America	$12,923,000	+13.6%	825,750	-3.6%	1.82%	+12.8%
IILG	Sell	Interval Leisure Grp	$12,752,000	+6.2%	742,700	-1.6%	1.79%	+5.5%
LOW	New	Lowes Companies Inc	$11,082,000	–	153,475	–	1.56%	–
QRTEA	Sell	Liberty Interactive Corp-A	$10,011,000	-59.4%	500,320	-48.6%	1.41%	-59.7%
C	Sell	Citigroup Inc New	$9,490,000	+1.9%	200,937	-8.5%	1.33%	+1.2%
KO	Sell	Coca Cola Co	$8,801,000	-8.7%	207,967	-2.2%	1.24%	-9.3%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vt sh	$8,007,000	+5.7%	227,671	-1.2%	1.12%	+4.9%
TWX	Sell	Time Warner Inc-New	$7,700,000	+6.0%	96,733	-2.0%	1.08%	+5.3%
GM	Sell	General Motors Company	$7,108,000	+9.6%	223,745	-2.4%	1.00%	+8.8%
ACN	Buy	Accenture PLC Cl-Aplc cl-a	$6,941,000	+8.1%	56,815	+0.2%	0.98%	+7.3%
BTI	Sell	British Amer Tob Sp ADRsponsored adr	$6,767,000	-3.9%	53,015	-2.5%	0.95%	-4.5%
MET	New	Metlife Inc	$6,407,000	–	144,200	–	0.90%	–
BBBY	New	Bed Bath and Beyond Inc	$5,754,000	–	133,475	–	0.81%	–
BNS	Buy	Bank of Nova Scotia	$5,494,000	+9.4%	103,668	+0.5%	0.77%	+8.6%
COWN	Sell	Cowen Group Inc - Cl Acl a	$4,099,000	+19.9%	1,129,400	-2.2%	0.58%	+19.0%
TM	Buy	Toyota Motor Co Ltd ADR	$3,820,000	+46.8%	32,915	+26.4%	0.54%	+45.9%
JCI	New	Johnson Controls Inc PLC	$3,624,000	–	77,878	–	0.51%	–
HON	Sell	Honeywell Intl Inc	$3,533,000	-0.8%	30,305	-1.0%	0.50%	-1.6%
PM	Buy	Philip Morris Intl Inc	$3,500,000	-3.8%	36,000	+0.7%	0.49%	-4.5%
DISCA	Sell	Discovery Comm Inc SRS A	$3,471,000	-9.1%	128,950	-14.8%	0.49%	-9.6%
CMCSA	Sell	Comcast Corp Class A - Newcl a	$3,365,000	+0.8%	50,725	-1.0%	0.47%	0.0%
TJX	Buy	TJX Companies Inc-New	$2,903,000	-2.7%	38,825	+0.5%	0.41%	-3.3%
TIME	Sell	Time Inc	$2,867,000	-44.5%	197,999	-37.0%	0.40%	-44.9%
OXY	Sell	Occidental Pete Corp	$2,786,000	-3.7%	38,215	-0.1%	0.39%	-4.4%
KSS	New	Kohl Corp	$2,161,000	–	49,400	–	0.30%	–
BMO	Sell	Bank of Montreal	$1,091,000	+1.0%	16,650	-2.9%	0.15%	0.0%
BCE	Sell	BCE Inc - New	$797,000	-7.8%	17,246	-6.1%	0.11%	-8.2%
ENB	Sell	Enbridge Inc	$583,000	+1.4%	13,281	-2.9%	0.08%	+1.2%
CPG	Sell	Crescent Point Energy Corp.	$485,000	-53.7%	36,800	-44.9%	0.07%	-54.1%
BRKB	Sell	Berkshire Hathaway B Newcl b new	$394,000	-2.0%	2,730	-1.8%	0.06%	-3.5%
CXW	New	Corrections Corp of America-New	$305,000	–	22,000	–	0.04%	–
WRK	Sell	Westrock Company	$213,000	+1.4%	4,400	-18.5%	0.03%	0.0%
WILN	Exit	Wi-Lan Inc	$0	–	-30,000	–	-0.01%	–
QQQ	Exit	Powershares QQQ Trust S-1unit ser 1	$0	–	-1,992	–	-0.03%	–
LNC	Exit	Lincoln Natl Corp - Ind	$0	–	-5,600	–	-0.03%	–
DVN	Exit	Devon Energy Corporation	$0	–	-7,000	–	-0.04%	–
PHH	Exit	PHH Corp	$0	–	-20,000	–	-0.04%	–
AMGN	Exit	Amgen Inc	$0	–	-1,847	–	-0.04%	–
SWK	Exit	Stanley Black & Decker Inc	$0	–	-2,539	–	-0.04%	–
SNY	Exit	Sanofi-Aventis ADRsponsored adr	$0	–	-24,750	–	-0.15%	–
ABT	Exit	Abbott Laboratories	$0	–	-50,150	–	-0.28%	–
TYC	Exit	Tyco International PLC	$0	–	-81,550	–	-0.49%	–
RDEN	Exit	Elizabeth Arden Inc	$0	–	-313,288	–	-0.61%	–

Q2 2016

			Value		Shares		↓ Weighting
JPM	New	J.P. Morgan Chase&Company	$48,205,000	–	775,750	–	6.82%	–
PBA	New	Pembina Pipeline Corp	$45,924,000	–	1,521,700	–	6.50%	–
TD	New	Toronto Dominion Bank	$44,678,000	–	1,047,622	–	6.32%	–
SU	New	Suncor Energy Inc - New	$37,123,000	–	1,347,473	–	5.25%	–
WBA	New	Walgreen Boots Alliance	$34,891,000	–	419,012	–	4.94%	–
PHM	New	Pulte Homes Inc	$33,115,000	–	1,699,105	–	4.69%	–
NWL	New	Newell Brands Inc	$32,870,000	–	676,740	–	4.65%	–
AGN	New	Allergan PLC	$31,254,000	–	135,248	–	4.42%	–
SLB	New	Schlumberger Ltd	$27,066,000	–	342,255	–	3.83%	–
AGU	New	Agrium Inc	$25,930,000	–	288,582	–	3.67%	–
AIG	New	American Intl Group New	$25,033,000	–	473,292	–	3.54%	–
QRTEA	New	Liberty Interactive Corp-A	$24,688,000	–	973,091	–	3.49%	–
HLS	New	Healthsouth Corp.	$21,702,000	–	559,025	–	3.07%	–
RY	New	Royal Bank of Canada	$20,859,000	–	355,456	–	2.95%	–
CI	New	Cigna Corp	$20,176,000	–	157,642	–	2.86%	–
WFC	New	Wells Fargo & Co	$17,288,000	–	365,270	–	2.45%	–
UTX	New	United Technologies Corp	$17,186,000	–	167,582	–	2.43%	–
AAPL	New	Apple Inc	$16,136,000	–	168,794	–	2.28%	–
V	New	Visa Inc.	$14,126,000	–	190,447	–	2.00%	–
MSFT	New	Microsoft Corporation	$13,120,000	–	256,395	–	1.86%	–
MITL	New	Mitel Networks Corp	$12,548,000	–	2,012,730	–	1.78%	–
IILG	New	Interval Leisure Grp	$12,005,000	–	755,000	–	1.70%	–
COF	New	Capital One Fincl Corp	$11,940,000	–	188,006	–	1.69%	–
BAC	New	Bank of America	$11,373,000	–	857,017	–	1.61%	–
KO	New	Coca Cola Co	$9,638,000	–	212,632	–	1.36%	–
C	New	Citigroup Inc New	$9,309,000	–	219,604	–	1.32%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$7,574,000	–	230,528	–	1.07%	–
TWX	New	Time Warner Inc-New	$7,262,000	–	98,750	–	1.03%	–
BTI	New	British Amer Tob Sp ADRsponsored adr	$7,039,000	–	54,365	–	1.00%	–
GM	New	General Motors Company	$6,485,000	–	229,170	–	0.92%	–
ACN	New	Accenture PLC Cl-A	$6,423,000	–	56,690	–	0.91%	–
TIME	New	Time Inc	$5,170,000	–	314,125	–	0.73%	–
BNS	New	Bank of Nova Scotia	$5,022,000	–	103,199	–	0.71%	–
RDEN	New	Elizabeth Arden Inc	$4,311,000	–	313,288	–	0.61%	–
DISCA	New	Discovery Comm Inc SRS A	$3,819,000	–	151,350	–	0.54%	–
PM	New	Philip Morris Intl Inc	$3,637,000	–	35,750	–	0.52%	–
HON	New	Honeywell Intl Inc	$3,560,000	–	30,605	–	0.50%	–
TYC	New	Tyco International PLC	$3,474,000	–	81,550	–	0.49%	–
COWN	New	Cowen Group Inc - Cl Acl a	$3,419,000	–	1,155,100	–	0.48%	–
CMCSA	New	Comcast Corp Class A - Newcl a	$3,339,000	–	51,225	–	0.47%	–
TJX	New	TJX Companies Inc-New	$2,983,000	–	38,625	–	0.42%	–
OXY	New	Occidental Pete Corp	$2,892,000	–	38,265	–	0.41%	–
TM	New	Toyota Motor Co Ltd ADR	$2,603,000	–	26,040	–	0.37%	–
ABT	New	Abbott Laboratories	$1,971,000	–	50,150	–	0.28%	–
BMO	New	Bank of Montreal	$1,080,000	–	17,150	–	0.15%	–
CPG	New	Crescent Point Energy Corp.	$1,048,000	–	66,800	–	0.15%	–
SNY	New	Sanofi-Aventis ADRsponsored adr	$1,036,000	–	24,750	–	0.15%	–
BCE	New	BCE Inc - New	$864,000	–	18,373	–	0.12%	–
ENB	New	Enbridge Inc	$575,000	–	13,680	–	0.08%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$402,000	–	2,780	–	0.06%	–
AMGN	New	Amgen Inc	$281,000	–	1,847	–	0.04%	–
SWK	New	Stanley Black & Decker Inc	$282,000	–	2,539	–	0.04%	–
PHH	New	PHH Corp	$266,000	–	20,000	–	0.04%	–
DVN	New	Devon Energy Corporation	$254,000	–	7,000	–	0.04%	–
CVE	New	Cenovus Energy Inc	$227,000	–	16,500	–	0.03%	–
LNC	New	Lincoln Natl Corp - Ind	$217,000	–	5,600	–	0.03%	–
BRKA	New	Berkshire Hathaway Inc Acl a	$217,000	–	1	–	0.03%	–
WRK	New	Westrock Company	$210,000	–	5,400	–	0.03%	–
QQQ	New	Powershares QQQ Trust S-1unit ser 1	$214,000	–	1,992	–	0.03%	–
SMRTQ	New	Stein Mart	$116,000	–	15,000	–	0.02%	–
WILN	New	Wi-Lan Inc	$76,000	–	30,000	–	0.01%	–
MUX	New	Mcewen Mining Inc	$39,000	–	10,000	–	0.01%	–
TGB	New	Taseko Mines Ltd.	$6,000	–	13,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
MUX	Exit	Mcewen Mining Inc	$0	–	-10,000	–	-0.00%	–
DD	Exit	Du Pont E I De Nemours	$0	–	-5,002	–	-0.03%	–
IMO	Exit	Imperial Oil Limited	$0	–	-8,125	–	-0.03%	–
PHH	Exit	PHH Corp	$0	–	-20,000	–	-0.04%	–
SWK	Exit	Stanley Black & Decker Inc	$0	–	-3,039	–	-0.04%	–
GE	Exit	General Electric Co	$0	–	-12,000	–	-0.04%	–
TWX	Exit	Time Warner Inc-New	$0	–	-5,000	–	-0.04%	–
BRKB	Exit	Berkshire Hathaway B New	$0	–	-2,730	–	-0.04%	–
AAPL	Exit	Apple Inc	$0	–	-4,298	–	-0.06%	–
ENB	Exit	Enbridge Inc	$0	–	-14,857	–	-0.07%	–
BCE	Exit	BCE Inc - New	$0	–	-21,611	–	-0.11%	–
BMO	Exit	Bank of Montreal	$0	–	-17,789	–	-0.12%	–
CPG	Exit	Crescent Point Energy Corp.	$0	–	-109,084	–	-0.15%	–
SNY	Exit	Sanofi-Aventis ADRsponsored adr	$0	–	-26,500	–	-0.16%	–
KSU	Exit	Kansas City Southern	$0	–	-14,925	–	-0.17%	–
TYC	Exit	Tyco International PLC	$0	–	-42,000	–	-0.17%	–
UTX	Exit	United Technologies Corp	$0	–	-20,110	–	-0.22%	–
ABT	Exit	Abbott Laboratories	$0	–	-51,675	–	-0.26%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-31,170	–	-0.31%	–
OXY	Exit	Occidental Pete Corp	$0	–	-39,200	–	-0.32%	–
RY	Exit	Royal Bank of Canada	$0	–	-47,283	–	-0.32%	–
TM	Exit	Toyota Motor Co Ltd ADR	$0	–	-24,690	–	-0.36%	–
AXP	Exit	American Express Co	$0	–	-39,560	–	-0.36%	–
TJX	Exit	TJX Companies Inc-New	$0	–	-41,575	–	-0.37%	–
HON	Exit	Honeywell Intl Inc	$0	–	-33,980	–	-0.40%	–
CMCSK	Exit	Comcast Crp Cl A Spec Newcl a spl	$0	–	-56,750	–	-0.40%	–
V	Exit	Visa Inc Class A	$0	–	-54,630	–	-0.47%	–
DISCA	Exit	Discovery Comm Inc SRS A	$0	–	-154,900	–	-0.50%	–
ACN	Exit	Accenture PLC Cl-A	$0	–	-41,965	–	-0.51%	–
ARRS	Exit	Arris Group Inc - New	$0	–	-171,450	–	-0.55%	–
BTI	Exit	British Amer Tob Sp ADRsponsored adr	$0	–	-41,040	–	-0.56%	–
RDEN	Exit	Elizabeth Arden Inc	$0	–	-457,988	–	-0.66%	–
COWN	Exit	Cowen Group Inc - Cl Acl a	$0	–	-1,186,700	–	-0.67%	–
VZ	Exit	Verizon Communications	$0	–	-129,078	–	-0.70%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-233,408	–	-0.91%	–
GM	Exit	General Motors Company	$0	–	-246,250	–	-0.91%	–
ENDP	Exit	Endo International PLC	$0	–	-176,335	–	-1.51%	–
NWL	Exit	Newell Rubbermaid Inc- Cum Rts	$0	–	-390,800	–	-1.92%	–
EBAY	Exit	Ebay Inc	$0	–	-670,050	–	-2.03%	–
CCL	Exit	Carnival Corp - Paired Stockpaired ctf	$0	–	-373,900	–	-2.30%	–
CVE	Exit	Cenovus Energy Inc	$0	–	-1,311,091	–	-2.45%	–
MCK	Exit	McKesson Corporation	$0	–	-110,385	–	-2.53%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-481,328	–	-2.62%	–
QCOM	Exit	Qualcomm Inc	$0	–	-406,848	–	-2.71%	–
WBA	Exit	Walgreen Boots Alliance	$0	–	-267,635	–	-2.76%	–
TIME	Exit	Time Inc	$0	–	-1,234,375	–	-2.91%	–
WRK	Exit	Westrock Company	$0	–	-516,225	–	-3.29%	–
ALXN	Exit	Alexion Pharmaceuticals	$0	–	-172,545	–	-3.34%	–
SU	Exit	Suncor Energy Inc - New	$0	–	-1,024,408	–	-3.38%	–
COF	Exit	Capital One Fincl Corp	$0	–	-376,351	–	-3.38%	–
QRTEA	Exit	Liberty Interactive Corp-A	$0	–	-1,070,246	–	-3.48%	–
XRX	Exit	Xerox Corporation-Cum Rts	$0	–	-2,905,434	–	-3.50%	–
PBA	Exit	Pembina Pipeline Corp	$0	–	-1,180,850	–	-3.51%	–
PHM	Exit	Pulte Homes Inc	$0	–	-1,560,075	–	-3.65%	–
MITL	Exit	Mitel Networks Corp	$0	–	-4,602,170	–	-3.66%	–
SNDK	Exit	Sandisk Corp	$0	–	-555,010	–	-3.73%	–
C	Exit	Citigroup Inc New	$0	–	-625,341	–	-3.84%	–
UNP	Exit	Union Pacific Corp	$0	–	-369,930	–	-4.05%	–
BAC	Exit	Bank of America New	$0	–	-2,560,002	–	-4.94%	–
AIG	Exit	American Intl Group New	$0	–	-783,067	–	-5.51%	–
TD	Exit	Toronto Dominion Bank	$0	–	-1,148,180	–	-5.58%	–
JPM	Exit	J.P. Morgan Chase&Company	$0	–	-845,593	–	-6.39%	–

Q3 2015

			Value		Shares		↓ Weighting
JPM	Sell	J.P. Morgan Chase&Company	$51,555,000	-12.6%	845,593	-2.9%	6.39%	-5.0%
TD	Buy	Toronto Dominion Bank	$45,090,000	-7.6%	1,148,180	+0.0%	5.58%	+0.4%
AIG	Sell	American Intl Group New	$44,494,000	-34.6%	783,067	-28.8%	5.51%	-28.8%
BAC	Sell	Bank of America New	$39,885,000	-9.0%	2,560,002	-0.6%	4.94%	-1.0%
UNP	Buy	Union Pacific Corp	$32,706,000	+192.5%	369,930	+215.5%	4.05%	+218.0%
C	Sell	Citigroup Inc New	$31,023,000	-11.2%	625,341	-1.1%	3.84%	-3.4%
SNDK	New	Sandisk Corp	$30,137,000	–	555,010	–	3.73%	–
MITL	Buy	Mitel Networks Corp	$29,550,000	+35.4%	4,602,170	+87.4%	3.66%	+47.3%
PHM	Sell	Pulte Homes Inc	$29,439,000	-7.0%	1,560,075	-0.7%	3.65%	+1.1%
PBA	Buy	Pembina Pipeline Corp	$28,309,000	-1.6%	1,180,850	+32.9%	3.51%	+7.0%
XRX	Sell	Xerox Corporation-Cum Rts	$28,270,000	-9.7%	2,905,434	-1.2%	3.50%	-1.8%
QRTEA	Buy	Liberty Interactive Corp-A	$28,073,000	+1.5%	1,070,246	+7.4%	3.48%	+10.3%
SU	Buy	Suncor Energy Inc - New	$27,296,000	-3.0%	1,024,408	+0.4%	3.38%	+5.5%
COF	Buy	Capital One Fincl Corp	$27,293,000	+34.2%	376,351	+62.8%	3.38%	+45.9%
ALXN	Sell	Alexion Pharmaceuticals	$26,952,000	-25.4%	172,545	-13.7%	3.34%	-18.9%
WRK	New	Westrock Company	$26,555,000	–	516,225	–	3.29%	–
TIME	Sell	Time Inc	$23,515,000	-17.6%	1,234,375	-0.5%	2.91%	-10.4%
WBA	Sell	Walgreen Boots Alliance	$22,241,000	-2.5%	267,635	-1.0%	2.76%	+6.0%
QCOM	Sell	Qualcomm Inc	$21,860,000	-14.8%	406,848	-0.7%	2.71%	-7.3%
BNS	Sell	Bank of Nova Scotia	$21,141,000	-38.6%	481,328	-27.7%	2.62%	-33.2%
MCK	Buy	McKesson Corporation	$20,424,000	-14.8%	110,385	+3.5%	2.53%	-7.4%
CVE	Buy	Cenovus Energy Inc	$19,812,000	-4.8%	1,311,091	+0.8%	2.45%	+3.5%
CCL	Buy	Carnival Corp - Paired Stockpaired ctf	$18,583,000	+1127.4%	373,900	+1119.9%	2.30%	+1238.4%
EBAY	New	Ebay Inc	$16,376,000	–	670,050	–	2.03%	–
NWL	Buy	Newell Rubbermaid Inc- Cum Rts	$15,518,000	+612.2%	390,800	+637.0%	1.92%	+675.0%
ENDP	Sell	Endo International PLC	$12,216,000	-13.6%	176,335	-0.6%	1.51%	-6.0%
GM	Buy	General Motors Company	$7,333,000	-9.9%	246,250	+0.9%	0.91%	-2.0%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vt sh	$7,317,000	-10.7%	233,408	-0.4%	0.91%	-3.0%
VZ	Sell	Verizon Communications	$5,617,000	-70.0%	129,078	-67.8%	0.70%	-67.3%
COWN	Sell	Cowen Group Inc - Cl Acl a	$5,411,000	-29.4%	1,186,700	-0.9%	0.67%	-23.3%
RDEN	Sell	Elizabeth Arden Inc	$5,354,000	-33.4%	457,988	-18.7%	0.66%	-27.5%
BTI	Sell	British Amer Tob Sp ADRsponsored adr	$4,518,000	-3.9%	41,040	-5.5%	0.56%	+4.5%
ARRS	Sell	Arris Group Inc - New	$4,452,000	-73.7%	171,450	-69.1%	0.55%	-71.5%
ACN	Buy	Accenture PLC Cl-A	$4,123,000	+7.9%	41,965	+6.3%	0.51%	+17.5%
DISCA	Buy	Discovery Comm Inc SRS A	$4,029,000	-20.7%	154,900	+1.4%	0.50%	-13.8%
V	Sell	Visa Inc Class A	$3,805,000	+3.1%	54,630	-0.6%	0.47%	+11.9%
CMCSK	Sell	Comcast Crp Cl A Spec Newcl a spl	$3,249,000	-6.0%	56,750	-1.6%	0.40%	+2.0%
HON	Sell	Honeywell Intl Inc	$3,218,000	-10.4%	33,980	-3.5%	0.40%	-2.4%
TJX	Sell	TJX Companies Inc-New	$2,969,000	+4.5%	41,575	-3.2%	0.37%	+13.6%
AXP	Sell	American Express Co	$2,932,000	-7.3%	39,560	-2.8%	0.36%	+0.8%
TM	Buy	Toyota Motor Co Ltd ADR	$2,895,000	+143.3%	24,690	+177.4%	0.36%	+164.0%
RY	Buy	Royal Bank of Canada	$2,605,000	-8.2%	47,283	+2.1%	0.32%	0.0%
OXY	Sell	Occidental Pete Corp	$2,593,000	-15.8%	39,200	-1.0%	0.32%	-8.5%
PM	Sell	Philip Morris Intl Inc	$2,473,000	-3.7%	31,170	-2.7%	0.31%	+4.4%
ABT	Sell	Abbott Laboratories	$2,079,000	-21.2%	51,675	-3.9%	0.26%	-14.3%
UTX	Sell	United Technologies Corp	$1,790,000	-24.6%	20,110	-6.0%	0.22%	-17.8%
TYC	New	Tyco International PLC	$1,405,000	–	42,000	–	0.17%	–
KSU	Buy	Kansas City Southern	$1,356,000	+197.4%	14,925	+198.5%	0.17%	+223.1%
SNY	Sell	Sanofi-Aventis ADRsponsored adr	$1,258,000	-4.9%	26,500	-0.7%	0.16%	+3.3%
CPG	Sell	Crescent Point Energy Corp.	$1,244,000	-95.7%	109,084	-92.3%	0.15%	-95.3%
BMO	Sell	Bank of Montreal	$967,000	-10.7%	17,789	-2.5%	0.12%	-2.4%
BCE	Buy	BCE Inc - New	$881,000	+0.8%	21,611	+5.2%	0.11%	+9.0%
ENB	Sell	Enbridge Inc	$549,000	-35.0%	14,857	-17.7%	0.07%	-29.2%
AAPL	Buy	Apple Inc	$474,000	+3.0%	4,298	+17.2%	0.06%	+13.5%
BRKB	Sell	Berkshire Hathaway B New	$356,000	-88.9%	2,730	-88.4%	0.04%	-88.0%
TWX	New	Time Warner Inc-New	$344,000	–	5,000	–	0.04%	–
GE	New	General Electric Co	$303,000	–	12,000	–	0.04%	–
SWK	Buy	Stanley Black & Decker Inc	$295,000	+5.7%	3,039	+14.7%	0.04%	+15.6%
PHH	New	PHH Corp	$282,000	–	20,000	–	0.04%	–
IMO	New	Imperial Oil Limited	$256,000	–	8,125	–	0.03%	–
DD	New	Du Pont E I De Nemours	$241,000	–	5,002	–	0.03%	–
PGHEF	Exit	Pengrowth Energy Corp	$0	–	-113	–	0.00%	–
NWY	Exit	New York & Company Inc.	$0	–	-15,000	–	-0.01%	–
BRKA	Exit	Berkshire Hathaway Inc Acl a	$0	–	-1	–	-0.02%	–
CNQ	Exit	Canadian Natural Resources Limited	$0	–	-1,133,012	–	-3.51%	–
9207PS	Exit	Rock-Tenn Company CL Acl a	$0	–	-515,325	–	-3.53%	–

Q2 2015

			Value		Shares		↓ Weighting
AIG	New	American Intl Group New	$67,985,000	–	1,099,725	–	7.74%	–
JPM	New	J.P. Morgan Chase&Company	$58,998,000	–	870,687	–	6.72%	–
TD	New	Toronto Dominion Bank	$48,818,000	–	1,148,045	–	5.56%	–
BAC	New	Bank of America New	$43,823,000	–	2,574,771	–	4.99%	–
ALXN	New	Alexion Pharmaceuticals	$36,150,000	–	199,980	–	4.12%	–
C	New	Citigroup Inc New	$34,936,000	–	632,441	–	3.98%	–
BNS	New	Bank of Nova Scotia	$34,428,000	–	666,098	–	3.92%	–
PHM	New	Pulte Homes Inc	$31,655,000	–	1,570,975	–	3.61%	–
XRX	New	Xerox Corporation-Cum Rts	$31,302,000	–	2,941,909	–	3.56%	–
9207PS	New	Rock-Tenn Company CL Acl a	$31,023,000	–	515,325	–	3.53%	–
CNQ	New	Canadian Natural Resources Limited	$30,793,000	–	1,133,012	–	3.51%	–
CPG	New	Crescent Point Energy Corp.	$28,994,000	–	1,411,104	–	3.30%	–
PBA	New	Pembina Pipeline Corp	$28,767,000	–	888,825	–	3.28%	–
TIME	New	Time Inc	$28,537,000	–	1,240,175	–	3.25%	–
SU	New	Suncor Energy Inc - New	$28,126,000	–	1,019,827	–	3.20%	–
QRTEA	New	Liberty Interactive Corp-A	$27,660,000	–	996,771	–	3.15%	–
QCOM	New	Qualcomm Inc	$25,655,000	–	409,623	–	2.92%	–
MCK	New	McKesson Corporation	$23,975,000	–	106,645	–	2.73%	–
WBA	New	Walgreen Boots Alliance	$22,816,000	–	270,210	–	2.60%	–
MITL	New	Mitel Networks Corp	$21,819,000	–	2,456,270	–	2.48%	–
CVE	New	Cenovus Energy Inc	$20,821,000	–	1,300,511	–	2.37%	–
COF	New	Capital One Fincl Corp	$20,338,000	–	231,200	–	2.32%	–
VZ	New	Verizon Communications	$18,695,000	–	401,101	–	2.13%	–
ARRS	New	Arris Group Inc - New	$16,952,000	–	553,995	–	1.93%	–
ENDP	New	Endo International PLC	$14,136,000	–	177,475	–	1.61%	–
UNP	New	Union Pacific Corp	$11,181,000	–	117,235	–	1.27%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$8,198,000	–	234,315	–	0.93%	–
GM	New	General Motors Company	$8,136,000	–	244,100	–	0.93%	–
RDEN	New	Elizabeth Arden Inc	$8,034,000	–	563,400	–	0.92%	–
COWN	New	Cowen Group Inc - Cl Acl a	$7,666,000	–	1,197,800	–	0.87%	–
DISCA	New	Discovery Comm Inc SRS A	$5,083,000	–	152,800	–	0.58%	–
BTI	New	British Amer Tob Sp ADRsponsored adr	$4,702,000	–	43,440	–	0.54%	–
ACN	New	Accenture PLC Cl-A	$3,821,000	–	39,490	–	0.44%	–
V	New	Visa Inc Class A	$3,692,000	–	54,980	–	0.42%	–
HON	New	Honeywell Intl Inc	$3,592,000	–	35,230	–	0.41%	–
CMCSK	New	Comcast Crp Cl A Spec Newcl a spl	$3,455,000	–	57,650	–	0.39%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$3,210,000	–	23,585	–	0.37%	–
AXP	New	American Express Co	$3,164,000	–	40,710	–	0.36%	–
OXY	New	Occidental Pete Corp	$3,080,000	–	39,600	–	0.35%	–
TJX	New	TJX Companies Inc-New	$2,842,000	–	42,950	–	0.32%	–
RY	New	Royal Bank of Canada	$2,837,000	–	46,323	–	0.32%	–
ABT	New	Abbott Laboratories	$2,640,000	–	53,800	–	0.30%	–
PM	New	Philip Morris Intl Inc	$2,568,000	–	32,036	–	0.29%	–
UTX	New	United Technologies Corp	$2,373,000	–	21,390	–	0.27%	–
NWL	New	Newell Rubbermaid Inc- Cum Rts	$2,179,000	–	53,025	–	0.25%	–
CCL	New	Carnival Corp - Paired Stockpaired ctf	$1,514,000	–	30,650	–	0.17%	–
SNY	New	Sanofi-Aventis ADRsponsored adr	$1,323,000	–	26,700	–	0.15%	–
TM	New	Toyota Motor Co Ltd ADR	$1,190,000	–	8,900	–	0.14%	–
BMO	New	Bank of Montreal	$1,083,000	–	18,250	–	0.12%	–
BCE	New	BCE Inc - New	$874,000	–	20,543	–	0.10%	–
ENB	New	Enbridge Inc	$845,000	–	18,057	–	0.10%	–
KSU	New	Kansas City Southern	$456,000	–	5,000	–	0.05%	–
AAPL	New	Apple Inc	$460,000	–	3,668	–	0.05%	–
SWK	New	Stanley Black & Decker Inc	$279,000	–	2,650	–	0.03%	–
BRKA	New	Berkshire Hathaway Inc Acl a	$205,000	–	1	–	0.02%	–
NWY	New	New York & Company Inc.	$40,000	–	15,000	–	0.01%	–
MUX	New	Mcewen Mining Inc	$10,000	–	10,000	–	0.00%	–
PGHEF	New	Pengrowth Energy Corp	$0	–	113	–	0.00%	–

Q4 2014

			Value		Shares		↓ Weighting
NWY	Exit	New York & Company Inc.	$0	–	-15,000	–	-0.01%	–
STIP	Exit	IShares 0-5 YR TIPS ETF0-5 yr tips etf	$0	–	-2,200	–	-0.03%	–
TRP	Exit	Transcanada Corp	$0	–	-4,276	–	-0.03%	–
MFC	Exit	Manulife Financial Corporation	$0	–	-17,624	–	-0.04%	–
MU	Exit	Micron Technology Inc	$0	–	-14,500	–	-0.06%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-6,900	–	-0.07%	–
ENB	Exit	Enbridge Inc	$0	–	-16,230	–	-0.10%	–
IMO	Exit	Imperial Oil Limited	$0	–	-17,175	–	-0.10%	–
TM	Exit	Toyota Motor Co Ltd ADRsp adr rep2c0m	$0	–	-10,047	–	-0.14%	–
BCE	Exit	BCE Inc - New	$0	–	-31,350	–	-0.16%	–
RDEN	Exit	Elizabeth Arden Inc	$0	–	-105,300	–	-0.22%	–
ABT	Exit	Abbott Laboratories	$0	–	-75,500	–	-0.38%	–
AXP	Exit	American Express Co	$0	–	-37,410	–	-0.40%	–
V	Exit	Visa Inc Class A	$0	–	-15,620	–	-0.41%	–
TJX	Exit	TJX Companies Inc-New	$0	–	-64,650	–	-0.47%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-47,940	–	-0.49%	–
BTI	Exit	British Amer Tob Sp ADRsponsored adr	$0	–	-37,175	–	-0.52%	–
HON	Exit	Honeywell Intl Inc	$0	–	-45,630	–	-0.52%	–
BRKB	Exit	Berkshire Hathaway B New	$0	–	-33,215	–	-0.56%	–
SLB	Exit	Schlumberger Ltd	$0	–	-45,955	–	-0.57%	–
BMO	Exit	Bank of Montreal	$0	–	-63,931	–	-0.58%	–
RY	Exit	Royal Bank of Canada	$0	–	-68,129	–	-0.60%	–
CMCSK	Exit	Comcast Crp Cl A Spec Newcl a spl	$0	–	-95,120	–	-0.62%	–
COWN	Exit	Cowen Group Inc - Cl Acl a	$0	–	-1,739,000	–	-0.80%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-228,611	–	-1.26%	–
NLY	Exit	Annaly Capital Management Inc	$0	–	-1,193,700	–	-1.56%	–
TGT	Exit	Target Corp	$0	–	-218,315	–	-1.68%	–
BAC	Exit	Bank of America New	$0	–	-802,934	–	-1.68%	–
EMN	Exit	Eastman Chemical Co	$0	–	-215,655	–	-2.14%	–
GTE	Exit	Gran Tierra Energy Inc	$0	–	-2,856,525	–	-2.16%	–
AGI	Exit	Alamos Gold Inc	$0	–	-2,487,950	–	-2.43%	–
XRX	Exit	Xerox Corporation-Cum Rts	$0	–	-1,799,006	–	-2.91%	–
CBS	Exit	CBS Corp Cl Bcl b	$0	–	-455,205	–	-2.98%	–
AGU	Exit	Agrium Inc	$0	–	-294,545	–	-3.20%	–
SU	Exit	Suncor Energy Inc - New	$0	–	-737,420	–	-3.26%	–
CM	Exit	Canadian Imperial Bank of Commerce	$0	–	-306,013	–	-3.36%	–
SNY	Exit	Sanofi-Aventis ADRsponsored adr	$0	–	-496,865	–	-3.43%	–
WAG	Exit	Walgreen Co	$0	–	-496,500	–	-3.60%	–
QCOM	Exit	Qualcomm Inc	$0	–	-409,489	–	-3.75%	–
AAPL	Exit	Apple Inc	$0	–	-307,882	–	-3.80%	–
C	Exit	Citigroup Inc New	$0	–	-600,275	–	-3.81%	–
CTRX	Exit	Catamaran Corp	$0	–	-894,275	–	-4.61%	–
GM	Exit	General Motors Company	$0	–	-1,431,565	–	-5.60%	–
VZ	Exit	Verizon Communications	$0	–	-944,215	–	-5.78%	–
AIG	Exit	American Intl Group New	$0	–	-891,400	–	-5.90%	–
JPM	Exit	J.P. Morgan Chase&Company	$0	–	-913,686	–	-6.74%	–
TD	Exit	Toronto Dominion Bank	$0	–	-1,259,490	–	-7.60%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-1,177,347	–	-8.91%	–

Q3 2014

			Value		Shares		↓ Weighting
BNS	Sell	Bank of Nova Scotia	$72,765,000	-9.7%	1,177,347	-2.7%	8.91%	-1.9%
TD	Sell	Toronto Dominion Bank	$62,109,000	-5.5%	1,259,490	-1.4%	7.60%	+2.6%
JPM	Sell	J.P. Morgan Chase&Company	$55,040,000	+3.3%	913,686	-1.2%	6.74%	+12.2%
AIG	Sell	American Intl Group New	$48,153,000	-1.7%	891,400	-0.7%	5.90%	+6.8%
VZ	Buy	Verizon Communications	$47,202,000	+62.6%	944,215	+59.1%	5.78%	+76.6%
GM	Sell	General Motors Company	$45,724,000	-12.5%	1,431,565	-0.6%	5.60%	-5.0%
CTRX	Sell	Catamaran Corp	$37,636,000	-4.8%	894,275	-0.2%	4.61%	+3.4%
C	Sell	Citigroup Inc New	$31,107,000	+8.9%	600,275	-1.1%	3.81%	+18.3%
AAPL	Sell	Apple Inc	$31,019,000	+5.2%	307,882	-3.0%	3.80%	+14.2%
QCOM	Sell	Qualcomm Inc	$30,618,000	-5.7%	409,489	-0.1%	3.75%	+2.5%
WAG	New	Walgreen Co	$29,428,000	–	496,500	–	3.60%	–
SNY	Sell	Sanofi-Aventis ADRsponsored adr	$28,038,000	+13.2%	496,865	-0.1%	3.43%	+23.0%
CM	Sell	Canadian Imperial Bank of Commerce	$27,464,000	-45.3%	306,013	-44.6%	3.36%	-40.6%
SU	Sell	Suncor Energy Inc - New	$26,666,000	-52.0%	737,420	-43.4%	3.26%	-47.9%
AGU	New	Agrium Inc	$26,164,000	–	294,545	–	3.20%	–
CBS	Buy	CBS Corp Cl Bcl b	$24,354,000	+97.5%	455,205	+129.4%	2.98%	+114.5%
XRX	Sell	Xerox Corporation-Cum Rts	$23,800,000	-31.4%	1,799,006	-35.5%	2.91%	-25.5%
AGI	Buy	Alamos Gold Inc	$19,823,000	-21.2%	2,487,950	+0.1%	2.43%	-14.4%
GTE	Sell	Gran Tierra Energy Inc	$17,682,000	-29.1%	2,856,525	-0.7%	2.16%	-23.0%
EMN	Buy	Eastman Chemical Co	$17,444,000	-6.9%	215,655	+0.6%	2.14%	+1.2%
BAC	Sell	Bank of America New	$13,690,000	+10.4%	802,934	-0.5%	1.68%	+20.0%
TGT	Buy	Target Corp	$13,684,000	+9.6%	218,315	+1.4%	1.68%	+19.1%
NLY	Sell	Annaly Capital Management Inc	$12,749,000	-10.2%	1,193,700	-3.9%	1.56%	-2.4%
BAM	Sell	Brookfield Asset Mgt A LVcl a ltd vt sh	$10,256,000	-3.1%	228,611	-5.0%	1.26%	+5.3%
COWN	Sell	Cowen Group Inc - Cl Acl a	$6,522,000	-12.8%	1,739,000	-1.9%	0.80%	-5.3%
CMCSK	Sell	Comcast Crp Cl A Spec Newcl a spl	$5,089,000	-10.0%	95,120	-10.3%	0.62%	-2.2%
RY	Sell	Royal Bank of Canada	$4,866,000	-3.7%	68,129	-3.7%	0.60%	+4.7%
BMO	Buy	Bank of Montreal	$4,702,000	+5.5%	63,931	+5.6%	0.58%	+14.7%
SLB	Sell	Schlumberger Ltd	$4,673,000	-19.3%	45,955	-6.4%	0.57%	-12.3%
BRKB	Sell	Berkshire Hathaway B New	$4,589,000	-0.2%	33,215	-8.6%	0.56%	+8.5%
HON	Sell	Honeywell Intl Inc	$4,249,000	-26.4%	45,630	-26.6%	0.52%	-20.1%
BTI	Sell	British Amer Tob Sp ADRsponsored adr	$4,204,000	-15.2%	37,175	-10.7%	0.52%	-7.9%
PM	Sell	Philip Morris Intl Inc	$3,998,000	-13.1%	47,940	-12.2%	0.49%	-5.8%
TJX	Sell	TJX Companies Inc-New	$3,826,000	-1.5%	64,650	-11.5%	0.47%	+6.8%
V	Sell	Visa Inc Class A	$3,333,000	-12.1%	15,620	-13.2%	0.41%	-4.4%
AXP	Sell	American Express Co	$3,275,000	-18.3%	37,410	-11.5%	0.40%	-11.3%
ABT	Sell	Abbott Laboratories	$3,140,000	-9.6%	75,500	-11.1%	0.38%	-1.8%
RDEN	Buy	Elizabeth Arden Inc	$1,763,000	+3.5%	105,300	+32.5%	0.22%	+12.5%
BCE	Sell	BCE Inc - New	$1,340,000	-35.5%	31,350	-31.5%	0.16%	-29.9%
TM	Buy	Toyota Motor Co Ltd ADRsp adr rep2c0m	$1,181,000	+9.7%	10,047	+11.6%	0.14%	+19.8%
IMO	Sell	Imperial Oil Limited	$811,000	-96.5%	17,175	-96.1%	0.10%	-96.2%
ENB	Buy	Enbridge Inc	$777,000	+7.9%	16,230	+6.9%	0.10%	+17.3%
MFC	Sell	Manulife Financial Corporation	$339,000	-27.3%	17,624	-24.8%	0.04%	-22.6%
TRP	New	Transcanada Corp	$220,000	–	4,276	–	0.03%	–
MUX	Exit	Mcewen Mining Inc	$0	–	-10,000	–	-0.00%	–
MSLI	Exit	Merus Labs Intl Inc	$0	–	-50,400	–	-0.01%	–
BPY	Exit	Brookfield PPtys Ptnrs LPUunit ltd partn	$0	–	-17,912	–	-0.04%	–
VRX	Exit	Valeant Pharma Intl New	$0	–	-5,915	–	-0.08%	–
DLTR	Exit	Dollar Tree Inc	$0	–	-26,410	–	-0.16%	–
GNCIQ	Exit	GNC Holdings Inc Cl-A	$0	–	-273,975	–	-1.05%	–
CST	Exit	CST Brands Inc	$0	–	-725,220	–	-2.82%	–

Q2 2014

			Value		Shares		↓ Weighting
BNS	New	Bank of Nova Scotia	$80,619,000	–	1,209,857	–	9.08%	–
TD	New	Toronto Dominion Bank	$65,736,000	–	1,277,623	–	7.41%	–
SU	New	Suncor Energy Inc - New	$55,562,000	–	1,303,679	–	6.26%	–
JPM	New	J.P. Morgan Chase&Company	$53,302,000	–	925,062	–	6.01%	–
GM	New	General Motors Company	$52,273,000	–	1,440,040	–	5.89%	–
CM	New	Canadian Imperial Bank of Commerce	$50,249,000	–	552,480	–	5.66%	–
AIG	New	American Intl Group New	$48,983,000	–	897,450	–	5.52%	–
CTRX	New	Catamaran Corp	$39,548,000	–	896,025	–	4.46%	–
XRX	New	Xerox Corporation-Cum Rts	$34,685,000	–	2,788,156	–	3.91%	–
QCOM	New	Qualcomm Inc	$32,464,000	–	409,895	–	3.66%	–
AAPL	New	Apple Inc	$29,497,000	–	317,418	–	3.32%	–
VZ	New	Verizon Communications	$29,033,000	–	593,360	–	3.27%	–
C	New	Citigroup Inc New	$28,573,000	–	606,650	–	3.22%	–
AGI	New	Alamos Gold Inc	$25,171,000	–	2,485,900	–	2.84%	–
CST	New	CST Brands Inc	$25,020,000	–	725,220	–	2.82%	–
GTE	New	Gran Tierra Energy Inc	$24,949,000	–	2,877,625	–	2.81%	–
SNY	New	Sanofi-Aventis ADRsponsored adr	$24,762,000	–	497,190	–	2.79%	–
IMO	New	Imperial Oil Limited	$23,344,000	–	443,220	–	2.63%	–
EMN	New	Eastman Chemical Co	$18,728,000	–	214,405	–	2.11%	–
NLY	New	Annaly Capital Management Inc	$14,194,000	–	1,241,800	–	1.60%	–
TGT	New	Target Corp	$12,480,000	–	215,365	–	1.41%	–
BAC	New	Bank of America New	$12,399,000	–	806,734	–	1.40%	–
CBS	New	CBS Corp Cl Bcl b	$12,331,000	–	198,430	–	1.39%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$10,587,000	–	240,683	–	1.19%	–
GNCIQ	New	GNC Holdings Inc Cl-A	$9,343,000	–	273,975	–	1.05%	–
COWN	New	Cowen Group Inc - Cl Acl a	$7,482,000	–	1,773,000	–	0.84%	–
SLB	New	Schlumberger Ltd	$5,789,000	–	49,075	–	0.65%	–
HON	New	Honeywell Intl Inc	$5,775,000	–	62,130	–	0.65%	–
CMCSK	New	Comcast Crp Cl A Spec Newcl a spl	$5,657,000	–	106,070	–	0.64%	–
RY	New	Royal Bank of Canada	$5,052,000	–	70,712	–	0.57%	–
BTI	New	British Amer Tob Sp ADRsponsored adr	$4,957,000	–	41,625	–	0.56%	–
PM	New	Philip Morris Intl Inc	$4,602,000	–	54,580	–	0.52%	–
BRKB	New	Berkshire Hathaway B Newcl b	$4,599,000	–	36,340	–	0.52%	–
BMO	New	Bank of Montreal	$4,455,000	–	60,530	–	0.50%	–
AXP	New	American Express Co	$4,009,000	–	42,260	–	0.45%	–
TJX	New	TJX Companies Inc-New	$3,883,000	–	73,050	–	0.44%	–
V	New	Visa Inc Class A	$3,791,000	–	17,990	–	0.43%	–
ABT	New	tAbbott Laboratories	$3,474,000	–	84,950	–	0.39%	–
BCE	New	BCE Inc - New	$2,076,000	–	45,799	–	0.23%	–
RDEN	New	Elizabeth Arden Inc	$1,703,000	–	79,500	–	0.19%	–
DLTR	New	Dollar Tree Inc	$1,438,000	–	26,410	–	0.16%	–
TM	New	Toyota Motor Co Ltd ADR	$1,077,000	–	9,000	–	0.12%	–
VRX	New	Valeant Pharma Intl New	$745,000	–	5,915	–	0.08%	–
ENB	New	Enbridge Inc	$720,000	–	15,187	–	0.08%	–
UNH	New	Unitedhealth Group Inc	$564,000	–	6,900	–	0.06%	–
MU	New	Micron Technology Inc	$478,000	–	14,500	–	0.05%	–
MFC	New	Manulife Financial Corporation	$466,000	–	23,436	–	0.05%	–
BPY	New	Brookfield PPtys Ptnrs LPUunit ltd partn	$374,000	–	17,912	–	0.04%	–
STIP	New	IShares 0-5 YR TIPS ETF0-5 yr tips etf	$225,000	–	2,200	–	0.02%	–
MSLI	New	Merus Labs Intl Inc	$111,000	–	50,400	–	0.01%	–
NWY	New	New York & Company Inc.	$55,000	–	15,000	–	0.01%	–
MUX	New	Mcewen Mining Inc	$29,000	–	10,000	–	0.00%	–

Q4 2013

			Value		Shares		↓ Weighting
MUX	Exit	Mcewen Mining Inc	$0	–	-10,000	–	-0.00%	–
BPO	Exit	Brookfield Properties Corp	$0	–	-11,000	–	-0.03%	–
TWER	Exit	Towerstream Corp	$0	–	-75,600	–	-0.03%	–
STIP	Exit	IShares 0-5 YR TIPS ETF0-5 yr tips etf	$0	–	-2,200	–	-0.03%	–
RYN	Exit	Rayonier Inc - REIT	$0	–	-4,425	–	-0.03%	–
VALEP	Exit	Vale S.A. Cl A Pfd ADRadr repstg pfd	$0	–	-18,100	–	-0.03%	–
VALE	Exit	Vale S.A. ADRadr	$0	–	-20,300	–	-0.04%	–
TRI	Exit	Thomson Reuters Corp	$0	–	-9,364	–	-0.04%	–
ENB	Exit	Enbridge Inc	$0	–	-11,768	–	-0.06%	–
UNH	Exit	Unitedhealth Group Inc	$0	–	-6,900	–	-0.06%	–
GMPRB	Exit	General Motors Pfd CV-Bjr prd cnv srb	$0	–	-10,325	–	-0.06%	–
MFC	Exit	Manulife Financial Corporation	$0	–	-36,262	–	-0.07%	–
TM	Exit	Toyota Motor Co Ltd ADR	$0	–	-5,275	–	-0.08%	–
AXP	Exit	American Express Co	$0	–	-16,700	–	-0.16%	–
ABT	Exit	Abbott Laboratories	$0	–	-47,500	–	-0.19%	–
BCE	Exit	BCE Inc - New	$0	–	-50,484	–	-0.26%	–
V	Exit	Visa Inc Class A	$0	–	-14,040	–	-0.33%	–
TJX	Exit	TJX Companies Inc-New	$0	–	-49,550	–	-0.34%	–
BWA	Exit	Borg Warner Inc	$0	–	-33,570	–	-0.42%	–
RY	Exit	Royal Bank of Canada	$0	–	-57,429	–	-0.45%	–
BMO	Exit	Bank of Montreal	$0	–	-55,541	–	-0.46%	–
SLB	Exit	Schlumberger Ltd	$0	–	-46,125	–	-0.50%	–
BTI	Exit	British Amer Tob Sp ADRsponsored adr	$0	–	-40,210	–	-0.52%	–
PM	Exit	Philip Morris Intl Inc	$0	–	-51,000	–	-0.54%	–
CMCSK	Exit	Comcast Crp Cl A Spec New	$0	–	-103,420	–	-0.55%	–
HON	Exit	Honeywell Intl Inc	$0	–	-60,880	–	-0.62%	–
BBBY	Exit	Bed Bath and Beyond Inc	$0	–	-79,200	–	-0.75%	–
COWN	Exit	Cowen Group Inc - Cl A	$0	–	-1,836,800	–	-0.78%	–
YHOO	Exit	Yahoo Inc	$0	–	-190,850	–	-0.78%	–
BAM	Exit	Brookfield Asset Mgt A LVcl a ltd vt sh	$0	–	-184,393	–	-0.85%	–
COH	Exit	Coach Inc	$0	–	-129,650	–	-0.87%	–
NLY	Exit	Annaly Capital Management Inc	$0	–	-819,000	–	-1.17%	–
MW	Exit	Men's Wearhouse Inc	$0	–	-304,775	–	-1.28%	–
BAC	Exit	Bank of America New	$0	–	-794,134	–	-1.35%	–
CBS	Exit	CBS Corp Cl Bcl b	$0	–	-225,675	–	-1.53%	–
EAT	Exit	Brinker Intl Inc	$0	–	-334,750	–	-1.67%	–
CST	Exit	CST Brands Inc	$0	–	-477,050	–	-1.75%	–
DSGX	Exit	Descartes Systems Group Inc	$0	–	-1,269,005	–	-1.79%	–
VOD	Exit	Vodafone Grp PLC ADRspons adr new	$0	–	-455,260	–	-1.97%	–
NVDA	Exit	Nvidia Corp	$0	–	-1,153,950	–	-2.21%	–
LYV	Exit	Live Nation Entertainment Inc	$0	–	-968,670	–	-2.21%	–
CMI	Exit	Cummins Inc	$0	–	-144,695	–	-2.36%	–
XRX	Exit	Xerox Corporation-Cum Rts	$0	–	-2,035,156	–	-2.58%	–
AIG	Exit	American Intl Group New	$0	–	-453,085	–	-2.71%	–
IMO	Exit	Imperial Oil Limited	$0	–	-617,995	–	-3.34%	–
VET	Exit	Vermilion Energy Inc	$0	–	-508,812	–	-3.44%	–
CNW	Exit	Con-Way Inc	$0	–	-658,120	–	-3.49%	–
BRKB	Exit	Berkshire Hathaway B New	$0	–	-258,150	–	-3.60%	–
QCOM	Exit	Qualcomm Inc	$0	–	-445,275	–	-3.69%	–
GTE	Exit	Gran Tierra Energy Inc	$0	–	-4,409,375	–	-3.84%	–
GM	Exit	General Motors Company	$0	–	-896,995	–	-3.97%	–
AAPL	Exit	Apple Inc	$0	–	-77,449	–	-4.54%	–
UFS	Exit	Domtar Corp - New	$0	–	-484,775	–	-4.74%	–
CM	Exit	Canadian Imperial Bank of Commerce	$0	–	-556,905	–	-5.46%	–
JPM	Exit	J.P. Morgan Chase&Company	$0	–	-870,507	–	-5.54%	–
SU	Exit	Suncor Energy Inc - New	$0	–	-1,451,715	–	-6.38%	–
TD	Exit	Toronto Dominion Bank	$0	–	-603,568	–	-6.68%	–
BNS	Exit	Bank of Nova Scotia	$0	–	-963,615	–	-6.79%	–

Q3 2013

			Value		Shares		↓ Weighting
BNS	Buy	Bank of Nova Scotia	$55,171,000	+7.8%	963,615	+0.6%	6.79%	+4.0%
TD	Buy	Toronto Dominion Bank	$54,318,000	+51.5%	603,568	+35.2%	6.68%	+46.1%
SU	Buy	Suncor Energy Inc - New	$51,884,000	+22.1%	1,451,715	+0.7%	6.38%	+17.8%
JPM	Buy	J.P. Morgan Chase&Company	$44,997,000	-1.9%	870,507	+0.2%	5.54%	-5.4%
CM	Buy	Canadian Imperial Bank of Commerce	$44,347,000	+12.4%	556,905	+0.2%	5.46%	+8.4%
UFS	Buy	Domtar Corp - New	$38,501,000	+15.5%	484,775	+1.8%	4.74%	+11.4%
AAPL	Buy	Apple Inc	$36,924,000	+26.7%	77,449	+5.4%	4.54%	+22.2%
GM	Buy	General Motors Company	$32,264,000	+16.1%	896,995	+7.6%	3.97%	+12.0%
GTE	Buy	Gran Tierra Energy Inc	$31,263,000	+18.1%	4,409,375	+0.1%	3.84%	+13.9%
QCOM	Buy	Qualcomm Inc	$29,976,000	+10.4%	445,275	+0.2%	3.69%	+6.5%
BRKB	Sell	Berkshire Hathaway B New	$29,302,000	+1.1%	258,150	-0.4%	3.60%	-2.5%
CNW	New	Con-Way Inc	$28,359,000	–	658,120	–	3.49%	–
VET	Sell	Vermilion Energy Inc	$27,957,000	+12.3%	508,812	-0.1%	3.44%	+8.3%
IMO	Buy	Imperial Oil Limited	$27,125,000	+15.1%	617,995	+0.1%	3.34%	+11.0%
AIG	Buy	American Intl Group New	$22,034,000	+10.3%	453,085	+1.4%	2.71%	+6.4%
XRX	New	Xerox Corporation-Cum Rts	$20,942,000	–	2,035,156	–	2.58%	–
CMI	Sell	Cummins Inc	$19,225,000	+22.4%	144,695	-0.1%	2.36%	+18.1%
LYV	Buy	Live Nation Entertainment Inc	$17,969,000	+21.1%	968,670	+1.2%	2.21%	+16.8%
NVDA	Buy	Nvidia Corp	$17,956,000	+11.9%	1,153,950	+0.9%	2.21%	+7.9%
VOD	Sell	Vodafone Grp PLC ADRspons adr new	$16,016,000	+5.6%	455,260	-13.7%	1.97%	+1.8%
DSGX	Buy	Descartes Systems Group Inc	$14,556,000	+0.1%	1,269,005	+0.5%	1.79%	-3.5%
CST	New	CST Brands Inc	$14,216,000	–	477,050	–	1.75%	–
EAT	New	Brinker Intl Inc	$13,567,000	–	334,750	–	1.67%	–
CBS	New	CBS Corp Cl Bcl b	$12,448,000	–	225,675	–	1.53%	–
BAC	Sell	Bank of America New	$10,959,000	+5.5%	794,134	-1.7%	1.35%	+1.7%
MW	Buy	Men's Wearhouse Inc	$10,378,000	-8.8%	304,775	+1.4%	1.28%	-12.0%
NLY	New	Annaly Capital Management Inc	$9,484,000	–	819,000	–	1.17%	–
COH	Buy	Coach Inc	$7,069,000	-3.2%	129,650	+1.4%	0.87%	-6.6%
BAM	Buy	Brookfield Asset Mgt A LVcl a ltd vt sh	$6,896,000	+6.0%	184,393	+1.8%	0.85%	+2.2%
YHOO	Sell	Yahoo Inc	$6,330,000	+29.7%	190,850	-1.8%	0.78%	+25.2%
COWN	Sell	Cowen Group Inc - Cl A	$6,319,000	+17.6%	1,836,800	-1.2%	0.78%	+13.4%
BBBY	Sell	Bed Bath and Beyond Inc	$6,127,000	+7.3%	79,200	-1.6%	0.75%	+3.6%
HON	Sell	Honeywell Intl Inc	$5,056,000	-1.2%	60,880	-5.7%	0.62%	-4.7%
CMCSK	Sell	Comcast Crp Cl A Spec New	$4,483,000	+6.1%	103,420	-2.9%	0.55%	+2.2%
PM	Sell	Philip Morris Intl Inc	$4,416,000	-3.8%	51,000	-3.8%	0.54%	-7.3%
BTI	Sell	British Amer Tob Sp ADRsponsored adr	$4,228,000	-1.9%	40,210	-3.9%	0.52%	-5.5%
SLB	Buy	Schlumberger Ltd	$4,075,000	+34.4%	46,125	+9.0%	0.50%	+29.5%
BMO	Buy	Bank of Montreal	$3,706,000	+16.5%	55,541	+1.2%	0.46%	+12.3%
RY	Sell	Royal Bank of Canada	$3,678,000	+3.7%	57,429	-5.7%	0.45%	0.0%
BWA	Sell	Borg Warner Inc	$3,404,000	+12.4%	33,570	-4.5%	0.42%	+8.5%
TJX	Sell	TJX Companies Inc-New	$2,794,000	+11.0%	49,550	-1.4%	0.34%	+7.2%
V	Buy	Visa Inc Class A	$2,683,000	+6.8%	14,040	+2.1%	0.33%	+3.1%
BCE	Buy	BCE Inc - New	$2,156,000	+6.6%	50,484	+2.3%	0.26%	+2.7%
ABT	Sell	Abbott Laboratories	$1,577,000	-10.0%	47,500	-5.5%	0.19%	-13.0%
AXP	Sell	American Express Co	$1,261,000	-4.2%	16,700	-5.1%	0.16%	-7.7%
TM	New	Toyota Motor Co Ltd ADR	$676,000	–	5,275	–	0.08%	–
MFC	Sell	Manulife Financial Corporation	$600,000	+0.8%	36,262	-2.5%	0.07%	-2.6%
UNH	Sell	Unitedhealth Group Inc	$494,000	-12.3%	6,900	-19.8%	0.06%	-15.3%
ENB	Sell	Enbridge Inc	$491,000	-3.5%	11,768	-1.9%	0.06%	-7.7%
TRI	Buy	Thomson Reuters Corp	$327,000	+12.4%	9,364	+4.9%	0.04%	+8.1%
VALEP	Sell	Vale S.A. Cl A Pfd ADRadr repstg pfd	$257,000	+0.4%	18,100	-14.2%	0.03%	-3.0%
STIP	New	IShares 0-5 YR TIPS ETF0-5 yr tips etf	$223,000	–	2,200	–	0.03%	–
TWER	Sell	Towerstream Corp	$215,000	-13.0%	75,600	-20.8%	0.03%	-18.8%
PVG	Exit	Pretium Resources Inc	$0	–	-10,000	–	-0.01%	–
COT	Exit	Cott Corp	$0	–	-15,000	–	-0.02%	–
NTRI	Exit	Nutri/System Inc	$0	–	-10,000	–	-0.02%	–
BBRY	Exit	Research in Motion Limited	$0	–	-12,600	–	-0.02%	–
DENN	Exit	Denny's Corp	$0	–	-28,000	–	-0.02%	–
WWE	Exit	World Wrestling Entertainment	$0	–	-20,000	–	-0.03%	–
BPY	Exit	Brookfield PPtys Ptnrs LPUunit ltd partn	$0	–	-10,392	–	-0.03%	–
AGG	Exit	Ishares Barclay Aggreg BD FDcore totusbd etf	$0	–	-2,300	–	-0.03%	–
RDEN	Exit	Elizabeth Arden Inc	$0	–	-6,400	–	-0.04%	–
TIP	Exit	Ishares Barclay Tips Bond FDbarclys tips bd	$0	–	-3,000	–	-0.04%	–
MEOH	Exit	Methanex Corp	$0	–	-12,150	–	-0.07%	–
GE	Exit	General Electric Co	$0	–	-34,300	–	-0.10%	–
TRV	Exit	Travelers Companies Inc	$0	–	-84,693	–	-0.86%	–
3106PS	Exit	Delphi Automotive Plc	$0	–	-189,300	–	-1.22%	–
WMT	Exit	Wal Mart Stores Inc	$0	–	-204,480	–	-1.94%	–
IBM	Exit	International Business Machines	$0	–	-94,920	–	-2.31%	–
POT	Exit	Potash Corp of Saskatchewan Inc	$0	–	-588,402	–	-2.86%	–
A	Exit	Agilent Technologies	$0	–	-530,850	–	-2.90%	–
RTN	Exit	Raytheon Co	$0	–	-369,800	–	-3.12%	–
FDO	Exit	Family Dollar Store Inc	$0	–	-526,740	–	-4.19%	–

Q2 2013

			Value		Shares		↓ Weighting
BNS	New	Bank of Nova Scotia	$51,190,000	–	957,876	–	6.53%	–
JPM	New	J.P. Morgan Chase&Company	$45,861,000	–	868,747	–	5.85%	–
SU	New	Suncor Energy Inc - New	$42,485,000	–	1,441,752	–	5.42%	–
CM	New	Canadian Imperial Bank of Commerce	$39,443,000	–	555,925	–	5.03%	–
TD	New	Toronto Dominion Bank	$35,855,000	–	446,543	–	4.57%	–
UFS	New	Domtar Corp - New	$33,325,000	–	476,425	–	4.25%	–
FDO	New	Family Dollar Store Inc	$32,821,000	–	526,740	–	4.19%	–
AAPL	New	Apple Inc	$29,148,000	–	73,507	–	3.72%	–
BRKB	New	Berkshire Hathaway B Newcl b new	$28,995,000	–	259,070	–	3.70%	–
GM	New	General Motors Company	$27,781,000	–	833,995	–	3.54%	–
QCOM	New	Qualcomm Inc	$27,145,000	–	444,350	–	3.46%	–
GTE	New	Gran Tierra Energy Inc	$26,479,000	–	4,405,900	–	3.38%	–
VET	New	Vermilion Energy Inc	$24,884,000	–	509,212	–	3.17%	–
RTN	New	Raytheon Co	$24,451,000	–	369,800	–	3.12%	–
IMO	New	Imperial Oil Limited	$23,560,000	–	617,320	–	3.00%	–
A	New	Agilent Technologies	$22,699,000	–	530,850	–	2.90%	–
POT	New	Potash Corp of Saskatchewan Inc	$22,440,000	–	588,402	–	2.86%	–
AIG	New	American Intl Group New	$19,980,000	–	446,975	–	2.55%	–
IBM	New	International Business Machines	$18,140,000	–	94,920	–	2.31%	–
NVDA	New	Nvidia Corp	$16,052,000	–	1,143,300	–	2.05%	–
CMI	New	Cummins Inc	$15,705,000	–	144,800	–	2.00%	–
WMT	New	Wal Mart Stores Inc	$15,231,000	–	204,480	–	1.94%	–
VOD	New	Vodafone Grp PLC ADRspons adr new	$15,170,000	–	527,825	–	1.94%	–
LYV	New	Live Nation Entertainment Inc	$14,839,000	–	957,300	–	1.89%	–
DSGX	New	Descartes Systems Group Inc	$14,535,000	–	1,262,705	–	1.85%	–
MW	New	Men's Wearhouse Inc	$11,381,000	–	300,675	–	1.45%	–
BAC	New	Bank of America New	$10,392,000	–	808,134	–	1.32%	–
3106PS	New	Delphi Automotive Plc	$9,595,000	–	189,300	–	1.22%	–
COH	New	Coach Inc	$7,301,000	–	127,890	–	0.93%	–
TRV	New	Travelers Companies Inc	$6,769,000	–	84,693	–	0.86%	–
BAM	New	Brookfield Asset Mgt A LVcl a ltd vt sh	$6,507,000	–	181,093	–	0.83%	–
BBBY	New	Bed Bath and Beyond Inc	$5,711,000	–	80,500	–	0.73%	–
COWN	New	Cowen Group Inc - Cl Acl a	$5,375,000	–	1,860,000	–	0.68%	–
HON	New	Honeywell Intl Inc	$5,120,000	–	64,530	–	0.65%	–
YHOO	New	Yahoo Inc	$4,881,000	–	194,252	–	0.62%	–
PM	New	Philip Morris Intl Inc	$4,592,000	–	53,010	–	0.59%	–
BTI	New	British Amer Tob Sp ADRsponsored adr	$4,309,000	–	41,860	–	0.55%	–
CMCSK	New	Comcast Crp Cl A Spec Newcl a spl	$4,225,000	–	106,500	–	0.54%	–
RY	New	Royal Bank of Canada	$3,546,000	–	60,877	–	0.45%	–
BMO	New	Bank of Montreal	$3,182,000	–	54,873	–	0.41%	–
SLB	New	Schlumberger Ltd	$3,033,000	–	42,325	–	0.39%	–
BWA	New	Borg Warner Inc	$3,028,000	–	35,150	–	0.39%	–
TJX	New	TJX Companies Inc-New	$2,516,000	–	50,250	–	0.32%	–
V	New	Visa Inc Class A	$2,512,000	–	13,745	–	0.32%	–
BCE	New	BCE Inc - New	$2,022,000	–	49,328	–	0.26%	–
ABT	New	Abbott Laboratories	$1,752,000	–	50,250	–	0.22%	–
AXP	New	American Express Co	$1,316,000	–	17,600	–	0.17%	–
GE	New	General Electric Co	$795,000	–	34,300	–	0.10%	–
MFC	New	Manulife Financial Corporation	$595,000	–	37,176	–	0.08%	–
UNH	New	Unitedhealth Group Inc	$563,000	–	8,600	–	0.07%	–
MEOH	New	Methanex Corp	$520,000	–	12,150	–	0.07%	–
ENB	New	Enbridge Inc	$509,000	–	12,000	–	0.06%	–
GMPRB	New	General Motors Pfd CV-Bjr pfd cnv srb	$497,000	–	10,325	–	0.06%	–
TIP	New	Ishares Barclay Tips Bond FDbarclys tips bd	$336,000	–	3,000	–	0.04%	–
TRI	New	Thomson Reuters Corp	$291,000	–	8,925	–	0.04%	–
RDEN	New	Elizabeth Arden Inc	$288,000	–	6,400	–	0.04%	–
VALEP	New	Vale S.A. Cl A Pfd ADRadr repstg pfd	$256,000	–	21,100	–	0.03%	–
VALE	New	Vale S.A. ADR	$247,000	–	20,300	–	0.03%	–
TWER	New	Towerstream Corp	$247,000	–	95,400	–	0.03%	–
RYN	New	Rayonier Inc - REIT	$242,000	–	4,425	–	0.03%	–
AGG	New	Ishares Barclay Aggreg BD FDcore totusbd etf	$246,000	–	2,300	–	0.03%	–
BPY	New	Brookfield PPtys Ptnrs LPUunit ltd partn	$210,000	–	10,392	–	0.03%	–
WWE	New	World Wrestling Entertainment	$206,000	–	20,000	–	0.03%	–
BPO	New	Brookfield Properties Corp	$183,000	–	11,000	–	0.02%	–
DENN	New	Denny's Corp	$157,000	–	28,000	–	0.02%	–
BBRY	New	Research in Motion Limited	$133,000	–	12,600	–	0.02%	–
COT	New	Cott Corp	$117,000	–	15,000	–	0.02%	–
NTRI	New	Nutri/System Inc	$118,000	–	10,000	–	0.02%	–
PVG	New	Pretium Resources Inc	$66,000	–	10,000	–	0.01%	–
MUX	New	Mcewen Mining Inc	$17,000	–	10,000	–	0.00%	–

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