CIDEL ASSET MANAGEMENT INC Activity Q4 2014-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
RY	Sell	ROYAL BK CDA	$130,363,160	-10.9%	1,484,846	-3.0%	6.52%	-1.7%
TD	Sell	TORONTO DOMINION BK ONT	$112,730,970	-4.4%	1,862,550	-2.0%	5.64%	+5.5%
CNQ	Sell	CANADIAN NAT RES LTD	$88,717,760	+13.6%	1,365,512	-1.6%	4.44%	+25.4%
	Buy	RB GLOBAL INC	$86,527,700	+57.4%	1,375,673	+50.4%	4.32%	+73.8%
OTEX	Buy	OPEN TEXT CORP	$72,927,950	-8.8%	2,068,360	+7.7%	3.65%	+0.7%
CNI	Sell	CANADIAN NATL RY CO	$70,683,070	-12.6%	649,695	-2.6%	3.53%	-3.5%
BMO	Sell	BANK MONTREAL QUE	$63,884,540	-9.7%	753,814	-3.7%	3.19%	-0.4%
QSR	Sell	RESTAURANT BRANDS INTL INC	$63,203,660	-18.0%	944,737	-4.9%	3.16%	-9.5%
GIB	Sell	CGI INCcl a sub vtg	$60,182,450	-20.8%	607,759	-15.6%	3.01%	-12.6%
ENB	Sell	ENBRIDGE INC	$60,022,650	-12.6%	1,801,348	-2.4%	3.00%	-3.6%
	Sell	CANADIAN PACIFIC KANSAS CITY	$55,438,920	-9.4%	742,408	-1.9%	2.77%	-0.0%
	Sell	BROOKFIELD CORPcl a ltd vt sh	$54,079,760	-10.3%	1,721,590	-3.8%	2.70%	-1.0%
MSFT	Sell	MICROSOFT CORP	$49,323,940	-7.5%	156,212	-0.2%	2.47%	+2.2%
FTS	Buy	FORTIS INC	$46,483,480	+41.3%	1,218,177	+59.7%	2.32%	+56.0%
SHOP	Buy	SHOPIFY INCcl a	$46,136,040	-14.5%	841,328	+0.9%	2.31%	-5.6%
BNS	Sell	BANK NOVA SCOTIA HALIFAX	$43,849,530	-13.2%	973,795	-3.5%	2.19%	-4.2%
	Sell	THOMSON REUTERS CORP.	$40,216,810	-10.6%	327,234	-1.7%	2.01%	-1.3%
SU	Buy	SUNCOR ENERGY INC NEW	$39,699,750	+18.9%	1,149,093	+1.1%	1.98%	+31.3%
MFC	Buy	MANULIFE FINL CORP	$38,722,050	-2.1%	2,109,278	+0.9%	1.94%	+8.1%
V	Buy	VISA INC	$38,430,300	-2.9%	167,081	+0.2%	1.92%	+7.1%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$37,490,940	-5.2%	553,617	+0.1%	1.87%	+4.6%
FNV	Buy	FRANCO NEV CORP	$34,539,940	-1.1%	257,535	+5.3%	1.73%	+9.2%
WCN	Buy	WASTE CONNECTIONS INC	$31,779,280	-0.2%	235,596	+5.8%	1.59%	+10.1%
ADI	Sell	ANALOG DEVICES INC	$27,009,730	-10.8%	154,262	-0.8%	1.35%	-1.6%
CMS	Buy	CMS ENERGY CORP	$26,675,930	-5.4%	502,277	+4.7%	1.33%	+4.5%
	Buy	JACOBS SOLUTIONS INC	$25,661,590	+16.8%	187,997	+1.8%	1.28%	+28.9%
STN	Sell	STANTEC INC	$24,743,440	-31.1%	379,589	-30.9%	1.24%	-23.9%
LMT	Buy	LOCKHEED MARTIN CORP	$23,574,500	+7.2%	57,645	+20.7%	1.18%	+18.3%
CM	Sell	CANADIAN IMPERIAL BK COMM TO	$23,281,330	-18.9%	600,351	-10.6%	1.16%	-10.4%
CL	Buy	COLGATE PALMOLIVE CO	$21,961,470	+20.3%	308,838	+30.3%	1.10%	+32.8%
AEM	Sell	AGNICO EAGLE MINES LTD	$21,759,060	-22.1%	476,641	-14.7%	1.09%	-14.1%
TMO	Sell	THERMO FISHER SCIENTIFIC INC	$20,707,410	-3.1%	40,910	-0.1%	1.04%	+6.9%
COP	Buy	CONOCOPHILLIPS	$20,206,430	+45.3%	168,668	+25.6%	1.01%	+60.3%
APD	Buy	AIR PRODS & CHEMS INC	$19,338,650	-5.2%	68,238	+0.2%	0.97%	+4.7%
NTR	Buy	NUTRIEN LTD	$18,916,280	+5.3%	304,898	+0.3%	0.95%	+16.2%
FMX	Buy	FOMENTO ECONOMICO MEXICANO Sspon adr units	$18,622,850	-0.5%	170,617	+1.0%	0.93%	+9.8%
	Sell	BROOKFIELD ASSET MANAGMT LTD	$18,586,570	-2.3%	555,216	-4.6%	0.93%	+7.9%
CVE	Buy	CENOVUS ENERGY INC	$15,566,170	+23.9%	744,183	+0.7%	0.78%	+36.7%
MAR	Buy	MARRIOTT INTL INC NEWcl a	$14,795,070	+10.9%	75,270	+3.6%	0.74%	+22.5%
ZTS	Sell	ZOETIS INCcl a	$14,537,420	-23.9%	83,558	-24.7%	0.73%	-16.0%
SLF	Buy	SUN LIFE FINANCIAL INC.	$14,159,760	-5.9%	288,881	+0.2%	0.71%	+3.8%
TECK	Buy	TECK RESOURCES LTDcl b	$13,981,430	+3.8%	323,348	+1.1%	0.70%	+14.6%
CIGI	Sell	COLLIERS INTL GROUP INC	$12,920,350	-15.3%	135,047	-13.0%	0.65%	-6.5%
MELI	Buy	MERCADOLIBRE INC	$12,751,070	+7.7%	10,057	+0.6%	0.64%	+18.8%
CRM	Sell	SALESFORCE INC	$12,325,580	-20.8%	60,783	-17.5%	0.62%	-12.6%
FTNT	Sell	FORTINET INC	$11,548,400	-32.2%	196,803	-12.7%	0.58%	-25.2%
GOLD	Buy	BARRICK GOLD CORP	$10,724,410	-13.2%	734,892	+0.7%	0.54%	-4.3%
CHD	Sell	CHURCH & DWIGHT CO INC	$10,403,950	-16.0%	113,543	-8.2%	0.52%	-7.3%
UCBI	Buy	UNITED CMNTY BKS BLAIRSVLE G	$10,110,560	+21.4%	397,897	+19.4%	0.50%	+34.0%
PG	Sell	PROCTER AND GAMBLE CO	$9,210,770	-4.3%	63,148	-0.4%	0.46%	+5.5%
	Buy	NUVEI CORPORATION	$9,185,500	-40.1%	609,662	+17.6%	0.46%	-33.9%
CBOE	New	CBOE GLOBAL MKTS INC	$8,909,910	–	57,038	–	0.44%	–
PBA	Buy	PEMBINA PIPELINE CORP	$7,556,330	-3.3%	250,151	+0.7%	0.38%	+6.8%
GRPU	Buy	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$7,348,310	-9.2%	137,832	+0.9%	0.37%	+0.3%
	Buy	TRICON RESIDENTIAL INC	$6,777,410	-15.4%	912,832	+0.5%	0.34%	-6.6%
DSGX	Buy	DESCARTES SYS GROUP INC	$6,672,070	+4.5%	90,487	+13.6%	0.33%	+15.6%
PXH	Buy	INVESCO EXCH TRADED FD TR IIftse rafi emng	$6,462,900	+0.1%	362,677	+4.8%	0.32%	+10.6%
MGA	Buy	MAGNA INTL INC	$5,922,090	-3.1%	109,997	+1.7%	0.30%	+6.9%
AAPL	Buy	APPLE INC	$5,611,070	-9.2%	32,773	+2.8%	0.28%	0.0%
RIO	Sell	RIO TINTO PLCsponsored adr	$5,316,170	-0.8%	83,535	-0.5%	0.27%	+9.5%
WFG	Buy	WEST FRASER TIMBER CO LTD	$4,915,030	-12.3%	67,388	+3.4%	0.25%	-3.1%
FNDX	Buy	SCHWAB STRATEGIC TRschwab fdt us lg	$4,750,230	-1.3%	84,871	+1.5%	0.24%	+8.7%
PRF	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$3,641,160	-8.1%	114,430	+372.5%	0.18%	+1.7%
GLD	New	SPDR GOLD TR	$2,728,460	–	15,914	–	0.14%	–
BCE	Sell	BCE INC	$1,751,620	-26.4%	45,674	-12.4%	0.09%	-18.5%
AWK	Sell	AMERICAN WTR WKS CO INC NEW	$1,746,620	-18.2%	14,105	-5.7%	0.09%	-10.3%
GOOGL	Sell	ALPHABET INCcap stk cl a	$1,578,170	+3.9%	12,060	-5.0%	0.08%	+14.5%
ERF	Sell	ENERPLUS CORP	$1,436,740	+16.9%	81,275	-4.0%	0.07%	+28.6%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,387,060	+11.3%	10,520	+2.1%	0.07%	+23.2%
FNDF	Buy	SCHWAB STRATEGIC TRschwb fdt int lg	$1,276,400	+1.7%	40,303	+3.7%	0.06%	+12.3%
TU	Sell	TELUS CORPORATION	$1,223,820	-94.7%	74,599	-93.7%	0.06%	-94.2%
AMZN	Buy	AMAZON COM INC	$1,184,000	+9.2%	9,314	+12.0%	0.06%	+20.4%
SEDG	Buy	SOLAREDGE TECHNOLOGIES INC	$1,065,480	-37.2%	8,227	+30.5%	0.05%	-31.2%
JNJ	Sell	JOHNSON & JOHNSON	$971,720	-96.5%	6,239	-96.3%	0.05%	-96.1%
EWJ	Sell	ISHARES INCmsci jpn etf new	$947,580	-3.9%	15,717	-1.3%	0.05%	+4.4%
TRP	Sell	TC ENERGY CORP	$915,470	-97.6%	26,498	-97.2%	0.05%	-97.3%
NEE	Buy	NEXTERA ENERGY INC	$841,590	+2.2%	14,690	+32.4%	0.04%	+13.5%
AGG	New	ISHARES TRcore us aggbd et	$818,960	–	8,708	–	0.04%	–
	Buy	DOCEBO INC	$754,900	+7.7%	18,530	+4.7%	0.04%	+18.8%
JPM	Sell	JPMORGAN CHASE & CO	$760,340	-1.8%	5,243	-1.5%	0.04%	+8.6%
CB	Sell	CHUBB LIMITED	$761,110	-22.4%	3,656	-28.2%	0.04%	-13.6%
	Sell	ATS CORPORATION	$695,780	-31.3%	16,247	-26.1%	0.04%	-23.9%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$693,940	+3.4%	1,981	+0.7%	0.04%	+16.7%
MTUM	Sell	ISHARES TRmsci usa mmentm	$661,200	-3.4%	4,733	-0.2%	0.03%	+6.5%
PHM	Sell	PULTE GROUP INC	$663,780	-95.5%	8,964	-95.3%	0.03%	-95.1%
RELX	Buy	RELX PLCsponsored adr	$631,640	+1.7%	18,743	+0.9%	0.03%	+14.3%
	Sell	BRAGG GAMING GROUP INC	$626,170	+56.4%	128,856	-0.5%	0.03%	+72.2%
LQD	New	ISHARES TRiboxx inv cp etf	$624,160	–	6,118	–	0.03%	–
USMV	Sell	ISHARES TRmsci usa min vol	$579,890	-5.3%	8,010	-2.7%	0.03%	+3.6%
MPWR	Buy	MONOLITHIC PWR SYS INC	$588,130	-7.9%	1,273	+7.7%	0.03%	0.0%
SHLS	Buy	SHOALS TECHNOLOGIES GROUP INcl a	$561,170	-17.9%	30,749	+15.0%	0.03%	-9.7%
SHV	New	ISHARES TRshort treas bd	$499,300	–	4,520	–	0.02%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$490,770	+1.1%	3,498	-3.6%	0.02%	+13.6%
ENPH	Sell	ENPHASE ENERGY INC	$486,490	-35.4%	4,049	-10.0%	0.02%	-29.4%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$457,270	-14.5%	5,262	-0.7%	0.02%	-4.2%
BAC	Buy	BANK AMERICA CORP	$430,800	-4.0%	15,734	+0.6%	0.02%	+10.0%
	Buy	LIGHTSPEED COMMERCE INC	$365,090	+20.1%	25,870	+44.1%	0.02%	+28.6%
CVS	Sell	CVS HEALTH CORP	$298,690	-20.4%	4,278	-21.2%	0.02%	-11.8%
ROST	Sell	ROSS STORES INC	$288,810	-46.1%	2,557	-46.5%	0.01%	-41.7%
DE	Sell	DEERE & CO	$278,510	-14.8%	738	-8.6%	0.01%	-6.7%
CARR	New	CARRIER GLOBAL CORPORATION	$285,720	–	5,176	–	0.01%	–
IYW	Sell	ISHARES TRu.s. tech etf	$254,430	-4.0%	2,425	-0.4%	0.01%	+8.3%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$266,970	-50.6%	44,894	-31.2%	0.01%	-45.8%
MBB	New	ISHARES TRmbs etf	$244,910	–	2,758	–	0.01%	–
ISTB	New	ISHARES TRcore 1 5 yr usd	$248,970	–	5,368	–	0.01%	–
	New	DUOLINGO INC	$211,820	–	1,277	–	0.01%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$223,500	–	12,313	–	0.01%	–
DG	Sell	DOLLAR GEN CORP NEW	$223,870	-63.1%	2,116	-40.8%	0.01%	-59.3%
PWR	Sell	QUANTA SVCS INC	$208,400	-21.7%	1,114	-17.7%	0.01%	-16.7%
ANSS	Sell	ANSYS INC	$207,390	-17.9%	697	-8.9%	0.01%	-9.1%
PHYS	New	SPROTT PHYSICAL GOLD TRunit	$166,170	–	11,376	–	0.01%	–
	New	ENOVIX CORPORATION	$131,190	–	10,453	–	0.01%	–
	Exit	REUNION NEUROSCIENCE INC	$0	–	-20,000	–	-0.00%	–
	Exit	GRUPO AVAL ACCIONES Y VALOREsponsored ads	$0	–	-42,553	–	-0.00%	–
QS	Exit	QUANTUMSCAPE CORP	$0	–	-22,857	–	-0.01%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-3,215	–	-0.01%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-12,313	–	-0.01%	–
GIS	Exit	GENERAL MLS INC	$0	–	-3,000	–	-0.01%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-2,888	–	-0.01%	–
	Exit	ILLUMIN HLDGS INC	$0	–	-180,210	–	-0.01%	–
TBT	Exit	PROSHARES TR	$0	–	-17,300	–	-0.02%	–
ISTB	Exit	ISHARES TRcore 1 5 yr usd	$0	–	-11,828	–	-0.02%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-5,570	–	-0.03%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-6,118	–	-0.03%	–
	Exit	BRP INC	$0	–	-8,401	–	-0.03%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-8,258	–	-0.04%	–
CCI	Exit	CROWN CASTLE INC	$0	–	-16,269	–	-0.08%	–
T	Exit	AT&T INC	$0	–	-137,931	–	-0.10%	–
GLD	Exit	SPDR GOLD TR	$0	–	-15,914	–	-0.13%	–
TIXT	Exit	TELUS INTL CDA INC	$0	–	-315,397	–	-0.22%	–

Q2 2023

			Value		Shares		↓ Weighting
RY	New	ROYAL BK CDA	$146,383,975	–	1,531,006	–	6.63%	–
TD	New	TORONTO DOMINION BK ONT	$117,969,734	–	1,901,153	–	5.34%	–
CNI	New	CANADIAN NATL RY CO	$80,889,515	–	667,231	–	3.66%	–
OTEX	New	OPEN TEXT CORP	$79,978,353	–	1,920,717	–	3.62%	–
CNQ	New	CANADIAN NAT RES LTD	$78,103,161	–	1,387,623	–	3.54%	–
QSR	New	RESTAURANT BRANDS INTL INC	$77,119,283	–	993,557	–	3.49%	–
GIB	New	CGI INCcl a sub vtg	$76,031,000	–	720,173	–	3.44%	–
BMO	New	BANK MONTREAL QUE	$70,781,112	–	782,859	–	3.21%	–
ENB	New	ENBRIDGE INC	$68,711,366	–	1,846,516	–	3.11%	–
	New	CANADIAN PACIFIC KANSAS CITY	$61,208,680	–	756,958	–	2.77%	–
	New	BROOKFIELD CORPcl a ltd vt sh	$60,294,058	–	1,788,884	–	2.73%	–
	New	RB GLOBAL INC	$54,961,239	–	914,815	–	2.49%	–
SHOP	New	SHOPIFY INCcl a	$53,963,589	–	834,004	–	2.44%	–
MSFT	New	MICROSOFT CORP	$53,296,902	–	156,507	–	2.41%	–
BNS	New	BANK NOVA SCOTIA HALIFAX	$50,541,925	–	1,009,048	–	2.29%	–
	New	THOMSON REUTERS CORP.	$44,974,934	–	332,736	–	2.04%	–
V	New	VISA INC	$39,588,143	–	166,701	–	1.79%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$39,567,766	–	552,854	–	1.79%	–
MFC	New	MANULIFE FINL CORP	$39,541,975	–	2,089,617	–	1.79%	–
TRP	New	TC ENERGY CORP	$38,191,153	–	943,902	–	1.73%	–
STN	New	STANTEC INC	$35,892,859	–	549,142	–	1.63%	–
FNV	New	FRANCO NEV CORP	$34,912,420	–	244,680	–	1.58%	–
SU	New	SUNCOR ENERGY INC NEW	$33,385,456	–	1,136,834	–	1.51%	–
FTS	New	FORTIS INC	$32,907,512	–	762,742	–	1.49%	–
WCN	New	WASTE CONNECTIONS INC	$31,854,613	–	222,636	–	1.44%	–
ADI	New	ANALOG DEVICES INC	$30,285,555	–	155,462	–	1.37%	–
CM	New	CANADIAN IMPERIAL BK COMM TO	$28,692,343	–	671,273	–	1.30%	–
CMS	New	CMS ENERGY CORP	$28,190,857	–	479,843	–	1.28%	–
AEM	New	AGNICO EAGLE MINES LTD	$27,948,965	–	559,086	–	1.27%	–
JNJ	New	JOHNSON & JOHNSON	$27,923,563	–	168,702	–	1.26%	–
TU	New	TELUS CORPORATION	$23,145,796	–	1,188,042	–	1.05%	–
LMT	New	LOCKHEED MARTIN CORP	$21,988,223	–	47,761	–	1.00%	–
	New	JACOBS SOLUTIONS INC	$21,966,475	–	184,763	–	1.00%	–
TMO	New	THERMO FISHER SCIENTIFIC INC	$21,371,424	–	40,961	–	0.97%	–
APD	New	AIR PRODS & CHEMS INC	$20,397,393	–	68,098	–	0.92%	–
ZTS	New	ZOETIS INCcl a	$19,109,626	–	110,967	–	0.86%	–
	New	BROOKFIELD ASSET MANAGMT LTD	$19,018,676	–	582,019	–	0.86%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$18,718,544	–	168,879	–	0.85%	–
CL	New	COLGATE PALMOLIVE CO	$18,260,180	–	237,022	–	0.83%	–
NTR	New	NUTRIEN LTD	$17,969,627	–	304,032	–	0.81%	–
FTNT	New	FORTINET INC	$17,031,639	–	225,316	–	0.77%	–
CRM	New	SALESFORCE INC	$15,568,608	–	73,694	–	0.70%	–
	New	NUVEI CORPORATION	$15,324,792	–	518,368	–	0.69%	–
CIGI	New	COLLIERS INTL GROUP INC	$15,253,869	–	155,267	–	0.69%	–
SLF	New	SUN LIFE FINANCIAL INC.	$15,052,860	–	288,427	–	0.68%	–
PHM	New	PULTE GROUP INC	$14,872,145	–	191,454	–	0.67%	–
COP	New	CONOCOPHILLIPS	$13,909,018	–	134,244	–	0.63%	–
TECK	New	TECK RESOURCES LTDcl b	$13,475,559	–	319,906	–	0.61%	–
MAR	New	MARRIOTT INTL INC NEWcl a	$13,342,510	–	72,636	–	0.60%	–
CVE	New	CENOVUS ENERGY INC	$12,564,257	–	738,919	–	0.57%	–
	New	STAGWELL INC	$12,507,360	–	1,734,724	–	0.57%	–
CHD	New	CHURCH & DWIGHT CO INC	$12,390,327	–	123,619	–	0.56%	–
GOLD	New	BARRICK GOLD CORP	$12,361,446	–	729,911	–	0.56%	–
MELI	New	MERCADOLIBRE INC	$11,838,894	–	9,994	–	0.54%	–
TSLA	New	TESLA INC	$10,765,030	–	41,124	–	0.49%	–
PG	New	PROCTER AND GAMBLE CO	$9,623,211	–	63,419	–	0.44%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$8,326,388	–	333,189	–	0.38%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$8,091,159	–	136,599	–	0.37%	–
	New	TRICON RESIDENTIAL INC	$8,012,686	–	907,869	–	0.36%	–
PBA	New	PEMBINA PIPELINE CORP	$7,818,042	–	248,385	–	0.35%	–
PXH	New	INVESCO EXCH TRADED FD TR IIftse rafi emng	$6,453,726	–	346,230	–	0.29%	–
DSGX	New	DESCARTES SYS GROUP INC	$6,387,722	–	79,651	–	0.29%	–
AAPL	New	APPLE INC	$6,182,405	–	31,873	–	0.28%	–
MGA	New	MAGNA INTL INC	$6,111,379	–	108,128	–	0.28%	–
WFG	New	WEST FRASER TIMBER CO LTD	$5,602,894	–	65,144	–	0.25%	–
RIO	New	RIO TINTO PLCsponsored adr	$5,359,111	–	83,946	–	0.24%	–
FNDX	New	SCHWAB STRATEGIC TRschwab fdt us lg	$4,813,888	–	83,618	–	0.22%	–
TIXT	New	TELUS INTL CDA INC	$4,788,449	–	315,397	–	0.22%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$4,142,480	–	8	–	0.19%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$3,962,950	–	24,216	–	0.18%	–
GLD	New	SPDR GOLD TR	$2,836,989	–	15,914	–	0.13%	–
CCJ	New	CAMECO CORP	$2,821,912	–	90,000	–	0.13%	–
BCE	New	BCE INC	$2,379,527	–	52,131	–	0.11%	–
T	New	AT&T INC	$2,200,000	–	137,931	–	0.10%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,134,685	–	14,954	–	0.10%	–
VOO	New	VANGUARD INDEX FDS	$2,018,480	–	4,956	–	0.09%	–
CCI	New	CROWN CASTLE INC	$1,853,691	–	16,269	–	0.08%	–
SEDG	New	SOLAREDGE TECHNOLOGIES INC	$1,696,362	–	6,305	–	0.08%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,518,993	–	12,690	–	0.07%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$1,254,467	–	38,850	–	0.06%	–
VEA	New	VANGUARD TAX-MANAGED FDSvan ftse dev mkt	$1,239,748	–	26,846	–	0.06%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,245,991	–	10,300	–	0.06%	–
IWF	New	ISHARES TRrus 1000 grw etf	$1,234,182	–	4,485	–	0.06%	–
ERF	New	ENERPLUS CORP	$1,228,726	–	84,683	–	0.06%	–
AMZN	New	AMAZON COM INC	$1,083,812	–	8,314	–	0.05%	–
PXF	New	INVESCO EXCH TRADED FD TR IIftse rafi dev	$1,067,259	–	23,738	–	0.05%	–
	New	ATS CORPORATION	$1,012,646	–	21,985	–	0.05%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$1,003,599	–	5,046	–	0.04%	–
EWJ	New	ISHARES INCmsci jpn etf new	$985,945	–	15,928	–	0.04%	–
CB	New	CHUBB LIMITED	$980,324	–	5,091	–	0.04%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$931,784	–	4,230	–	0.04%	–
AIG	New	AMERICAN INTL GROUP INC	$858,785	–	14,925	–	0.04%	–
MU	New	MICRON TECHNOLOGY INC	$864,607	–	13,700	–	0.04%	–
NEE	New	NEXTERA ENERGY INC	$823,545	–	11,099	–	0.04%	–
AGG	New	ISHARES TRcore us aggbd et	$808,962	–	8,258	–	0.04%	–
SCHW	New	SCHWAB CHARLES CORP	$810,524	–	14,300	–	0.04%	–
CMCSA	New	COMCAST CORP NEWcl a	$769,298	–	18,515	–	0.04%	–
JPM	New	JPMORGAN CHASE & CO	$774,177	–	5,323	–	0.04%	–
ENPH	New	ENPHASE ENERGY INC	$753,660	–	4,500	–	0.03%	–
	New	DOCEBO INC	$701,128	–	17,692	–	0.03%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$702,454	–	11,385	–	0.03%	–
	New	BRP INC	$710,997	–	8,401	–	0.03%	–
SHLS	New	SHOALS TECHNOLOGIES GROUP INcl a	$683,577	–	26,744	–	0.03%	–
C	New	CITIGROUP INC	$690,600	–	15,000	–	0.03%	–
MTUM	New	ISHARES TRmsci usa mmentm	$684,180	–	4,743	–	0.03%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$671,088	–	1,968	–	0.03%	–
LQD	New	ISHARES TRiboxx inv cp etf	$661,601	–	6,118	–	0.03%	–
CVX	New	CHEVRON CORP NEW	$645,135	–	4,100	–	0.03%	–
MPWR	New	MONOLITHIC PWR SYS INC	$638,553	–	1,182	–	0.03%	–
SHV	New	ISHARES TRshort treas bd	$614,930	–	5,570	–	0.03%	–
RELX	New	RELX PLCsponsored adr	$620,995	–	18,576	–	0.03%	–
USMV	New	ISHARES TRmsci usa min vol	$612,098	–	8,235	–	0.03%	–
DG	New	DOLLAR GEN CORP NEW	$606,622	–	3,573	–	0.03%	–
ISTB	New	ISHARES TRcore 1 5 yr usd	$551,658	–	11,828	–	0.02%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$540,101	–	65,268	–	0.02%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$534,875	–	5,300	–	0.02%	–
ROST	New	ROSS STORES INC	$535,421	–	4,775	–	0.02%	–
TBT	New	PROSHARES TR	$508,620	–	17,300	–	0.02%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$485,462	–	3,628	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$466,237	–	866	–	0.02%	–
IMO	New	IMPERIAL OIL LTD	$461,000	–	9,000	–	0.02%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$463,970	–	10,158	–	0.02%	–
BAC	New	BANK AMERICA CORP	$448,539	–	15,634	–	0.02%	–
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$432,659	–	8,576	–	0.02%	–
	New	BRAGG GAMING GROUP INC	$400,317	–	129,516	–	0.02%	–
CVS	New	CVS HEALTH CORP	$375,376	–	5,430	–	0.02%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$380,420	–	2,300	–	0.02%	–
SWN	New	SOUTHWESTERN ENERGY CO	$360,600	–	60,000	–	0.02%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$351,821	–	2,475	–	0.02%	–
DE	New	DEERE & CO	$326,989	–	807	–	0.02%	–
	New	ILLUMIN HLDGS INC	$302,336	–	180,210	–	0.01%	–
	New	LIGHTSPEED COMMERCE INC	$303,994	–	17,950	–	0.01%	–
WFC	New	WELLS FARGO CO NEW	$320,100	–	7,500	–	0.01%	–
SYK	New	STRYKER CORPORATION	$289,836	–	950	–	0.01%	–
IYW	New	ISHARES TRu.s. tech etf	$265,098	–	2,435	–	0.01%	–
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$266,454	–	6,550	–	0.01%	–
PWR	New	QUANTA SVCS INC	$265,993	–	1,354	–	0.01%	–
MBB	New	ISHARES TRmbs etf	$269,350	–	2,888	–	0.01%	–
BTG	New	B2GOLD CORP	$246,121	–	69,000	–	0.01%	–
ANSS	New	ANSYS INC	$252,657	–	765	–	0.01%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$231,479	–	12,313	–	0.01%	–
PYPL	New	PAYPAL HLDGS INC	$214,536	–	3,215	–	0.01%	–
GIS	New	GENERAL MLS INC	$230,100	–	3,000	–	0.01%	–
QS	New	QUANTUMSCAPE CORP	$182,627	–	22,857	–	0.01%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$150,773	–	68,533	–	0.01%	–
	New	GRUPO AVAL ACCIONES Y VALOREsponsored ads	$98,723	–	42,553	–	0.00%	–
TDUP	New	THREDUP INCcl a	$54,039	–	22,147	–	0.00%	–
	New	REUNION NEUROSCIENCE INC	$21,916	–	20,000	–	0.00%	–
ACB	New	AURORA CANNABIS INC	$18,883	–	35,697	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
	Exit	REUNION NEUROSCIENCE INC	$0	–	-20,000	–	-0.00%	–
ACB	Exit	AURORA CANNABIS INC	$0	–	-35,653	–	-0.00%	–
LYG	Exit	LLOYDS BANKING GROUP PLCsponsored adr	$0	–	-71,029	–	-0.01%	–
QS	Exit	QUANTUMSCAPE CORP	$0	–	-22,933	–	-0.01%	–
EGLX	Exit	ENTHUSIAST GAMING HLDGS INC	$0	–	-224,550	–	-0.01%	–
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-11,313	–	-0.01%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-3,007	–	-0.01%	–
BTG	Exit	B2GOLD CORP	$0	–	-69,000	–	-0.01%	–
EWC	Exit	ISHARES INCmsci cda etf	$0	–	-7,750	–	-0.01%	–
GIS	Exit	GENERAL MLS INC	$0	–	-3,000	–	-0.01%	–
MTUM	Exit	ISHARES TRmsci usa mmentm	$0	–	-2,140	–	-0.01%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-3,112	–	-0.01%	–
DE	Exit	DEERE & CO	$0	–	-877	–	-0.01%	–
ATY	Exit	ACUITYADS HLDGS INC	$0	–	-180,210	–	-0.02%	–
	Exit	BRAGG GAMING GROUP INC	$0	–	-80,105	–	-0.02%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-3,867	–	-0.02%	–
TBT	Exit	PROSHARES TR	$0	–	-10,000	–	-0.02%	–
VTV	Exit	VANGUARD INDEX FDSvalue etf	$0	–	-2,475	–	-0.02%	–
	Exit	LIGHTSPEED COMMERCE INC	$0	–	-17,950	–	-0.02%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-8,100	–	-0.02%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-60,000	–	-0.02%	–
FNDA	Exit	SCHWAB STRATEGIC TRschwab fdt us sc	$0	–	-8,576	–	-0.02%	–
ISTB	Exit	ISHARES TRcore 1 5 yr usd	$0	–	-8,050	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-866	–	-0.02%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-9,000	–	-0.02%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-2,953	–	-0.02%	–
BIL	Exit	SPDR SER TRbloomberg 1-3 mo	$0	–	-4,850	–	-0.02%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,718	–	-0.02%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-5,865	–	-0.02%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-15,369	–	-0.02%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,459	–	-0.02%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,932	–	-0.02%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-8,310	–	-0.03%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-18,615	–	-0.03%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-5,492	–	-0.03%	–
CVX	Exit	CHEVRON CORP NEW	$0	–	-4,100	–	-0.03%	–
	Exit	BRP INC	$0	–	-9,645	–	-0.03%	–
SEDG	Exit	SOLAREDGE TECHNOLOGIES INC	$0	–	-2,551	–	-0.03%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-5,445	–	-0.03%	–
C	Exit	CITIGROUP INC	$0	–	-15,000	–	-0.03%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-27,612	–	-0.03%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-6,697	–	-0.03%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-13,700	–	-0.03%	–
SHLS	Exit	SHOALS TECHNOLOGIES GROUP INcl a	$0	–	-33,274	–	-0.03%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-4,230	–	-0.04%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-13,939	–	-0.04%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-7,766	–	-0.04%	–
ALB	Exit	ALBEMARLE CORP	$0	–	-2,939	–	-0.04%	–
SONY	Exit	SONY GROUP CORPORATIONsponsored adr	$0	–	-12,235	–	-0.04%	–
XVV	Exit	ISHARES TResg scrnd s&p500	$0	–	-31,917	–	-0.04%	–
FNDF	Exit	SCHWAB STRATEGIC TRschwb fdt int lg	$0	–	-38,850	–	-0.05%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-26,678	–	-0.05%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-11,040	–	-0.05%	–
	Exit	WOLFSPEED INC	$0	–	-10,454	–	-0.05%	–
ERF	Exit	ENERPLUS CORP	$0	–	-84,683	–	-0.06%	–
ENPH	Exit	ENPHASE ENERGY INC	$0	–	-4,612	–	-0.06%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-13,600	–	-0.06%	–
PXF	Exit	INVESCO EXCH TRADED FD TR IIftse rafi dev	$0	–	-40,903	–	-0.07%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-140,432	–	-0.07%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-14,352	–	-0.10%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-43,875	–	-0.10%	–
T	Exit	AT&T INC	$0	–	-147,526	–	-0.11%	–
FNDX	Exit	SCHWAB STRATEGIC TRschwab fdt us lg	$0	–	-48,433	–	-0.11%	–
GLD	Exit	SPDR GOLD TR	$0	–	-16,004	–	-0.12%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-22,616	–	-0.14%	–
AAPL	Exit	APPLE INC	$0	–	-21,263	–	-0.14%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-20,936	–	-0.14%	–
FTV	Exit	FORTIVE CORP	$0	–	-55,092	–	-0.15%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.16%	–
PXH	Exit	INVESCO EXCH TRADED FD TR IIftse rafi emng	$0	–	-213,001	–	-0.16%	–
NDAQ	Exit	NASDAQ INC	$0	–	-61,044	–	-0.16%	–
CCJ	Exit	CAMECO CORP	$0	–	-135,000	–	-0.17%	–
WFG	Exit	WEST FRASER TIMBER CO LTD	$0	–	-63,299	–	-0.22%	–
PHM	Exit	PULTE GROUP INC	$0	–	-127,726	–	-0.23%	–
MGA	Exit	MAGNA INTL INC	$0	–	-105,438	–	-0.24%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-188,342	–	-0.27%	–
	Exit	TRICON RESIDENTIAL INC	$0	–	-802,059	–	-0.33%	–
CCI	Exit	CROWN CASTLE INC	$0	–	-48,415	–	-0.33%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-187,911	–	-0.35%	–
MELI	Exit	MERCADOLIBRE INC	$0	–	-9,815	–	-0.39%	–
PYPL	Exit	PAYPAL HLDGS INC	$0	–	-97,148	–	-0.40%	–
TIXT	Exit	TELUS INTL CDA INC	$0	–	-331,675	–	-0.42%	–
BCE	Exit	BCE INC	$0	–	-223,432	–	-0.45%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-710,501	–	-0.53%	–
GRPU	Exit	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$0	–	-239,628	–	-0.55%	–
TSLA	Exit	TESLA INC	$0	–	-46,074	–	-0.58%	–
	Exit	STAGWELL INC	$0	–	-1,831,970	–	-0.61%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-154,879	–	-0.68%	–
EMR	Exit	EMERSON ELEC CO	$0	–	-198,503	–	-0.69%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-456,758	–	-0.72%	–
DIS	Exit	DISNEY WALT CO	$0	–	-162,253	–	-0.73%	–
	Exit	NUVEI CORPORATION	$0	–	-572,341	–	-0.74%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-580,352	–	-0.75%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-154,153	–	-0.75%	–
ROST	Exit	ROSS STORES INC	$0	–	-189,467	–	-0.76%	–
CB	Exit	CHUBB LIMITED	$0	–	-94,251	–	-0.82%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-229,924	–	-0.86%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-269,823	–	-0.88%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-80,173	–	-0.92%	–
TMO	Exit	THERMO FISHER SCIENTIFIC INC	$0	–	-38,627	–	-0.93%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-462,763	–	-0.94%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,287,588	–	-0.97%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-856,807	–	-1.00%	–
LMT	Exit	LOCKHEED MARTIN CORP	$0	–	-60,117	–	-1.10%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-591,402	–	-1.12%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-207,238	–	-1.18%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-154,770	–	-1.20%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-435,396	–	-1.21%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-205,528	–	-1.24%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-193,172	–	-1.28%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-208,028	–	-1.34%	–
V	Exit	VISA INC	$0	–	-167,815	–	-1.42%	–
CM	Exit	CANADIAN IMPERIAL BK COMM TO	$0	–	-684,702	–	-1.43%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-570,711	–	-1.49%	–
FTS	Exit	FORTIS INC	$0	–	-860,722	–	-1.56%	–
TU	Exit	TELUS CORPORATION	$0	–	-1,701,373	–	-1.62%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-364,379	–	-1.65%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-354,583	–	-1.74%	–
RBA	Exit	RITCHIE BROS AUCTIONEERS	$0	–	-589,056	–	-1.76%	–
STN	Exit	STANTEC INC	$0	–	-849,636	–	-1.78%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-181,985	–	-2.02%	–
NTR	Exit	NUTRIEN LTD	$0	–	-522,830	–	-2.08%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,079,922	–	-2.40%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-1,968,701	–	-2.49%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-797,982	–	-2.55%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-1,114,764	–	-2.84%	–
BNS	Exit	BANK NOVA SCOTIA HALIFAX	$0	–	-1,277,889	–	-2.91%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-815,487	–	-2.94%	–
TRP	Exit	TC ENERGY CORP	$0	–	-1,537,325	–	-2.96%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-2,269,957	–	-3.06%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,848,501	–	-3.28%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,731,256	–	-3.39%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-873,079	–	-3.66%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-714,431	–	-3.69%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,095,658	–	-6.15%	–
RY	Exit	ROYAL BK CDA	$0	–	-1,656,190	–	-7.13%	–

Q3 2022

			Value		Shares		↓ Weighting
RY	Sell	ROYAL BK CDA	$149,907,000	-7.5%	1,656,190	-1.3%	7.13%	+2.9%
TD	Sell	TORONTO DOMINION BK ONT	$129,212,000	-8.6%	2,095,658	-3.0%	6.15%	+1.8%
CNI	Sell	CANADIAN NATL RY CO	$77,565,000	-8.0%	714,431	-4.9%	3.69%	+2.4%
BMO	Sell	BANK MONTREAL QUE	$76,928,000	-9.5%	873,079	-1.4%	3.66%	+0.8%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$71,201,000	+4.2%	1,731,256	+12.4%	3.39%	+16.0%
ENB	Sell	ENBRIDGE INC	$68,906,000	-12.6%	1,848,501	-1.2%	3.28%	-2.8%
SU	Sell	SUNCOR ENERGY INC NEW	$64,264,000	-22.3%	2,269,957	-3.9%	3.06%	-13.5%
TRP	Sell	TC ENERGY CORP	$62,252,000	-22.9%	1,537,325	-1.6%	2.96%	-14.2%
GIB	Buy	CGI INCcl a sub vtg	$61,717,000	-3.9%	815,487	+1.0%	2.94%	+7.0%
BNS	Sell	BANK NOVA SCOTIA HALIFAX	$61,102,000	-21.1%	1,277,889	-2.5%	2.91%	-12.1%
QSR	Sell	RESTAURANT BRANDS INTL INC	$59,614,000	+5.3%	1,114,764	-1.5%	2.84%	+17.2%
CP	Sell	CANADIAN PAC RY LTD	$53,551,000	-5.2%	797,982	-1.6%	2.55%	+5.5%
OTEX	Sell	OPEN TEXT CORP	$52,310,000	-31.3%	1,968,701	-2.5%	2.49%	-23.6%
CNQ	Sell	CANADIAN NAT RES LTD	$50,536,000	-13.8%	1,079,922	-1.2%	2.40%	-4.1%
NTR	Buy	NUTRIEN LTD	$43,834,000	+14.8%	522,830	+8.8%	2.08%	+27.8%
MSFT	Buy	MICROSOFT CORP	$42,384,000	-9.1%	181,985	+0.2%	2.02%	+1.2%
STN	Sell	STANTEC INC	$37,459,000	-0.5%	849,636	-1.4%	1.78%	+10.8%
RBA	Sell	RITCHIE BROS AUCTIONEERS	$37,001,000	-5.2%	589,056	-2.0%	1.76%	+5.6%
TRI	Sell	THOMSON REUTERS CORP.	$36,592,000	-2.5%	354,583	-1.7%	1.74%	+8.5%
CVS	Sell	CVS HEALTH CORP	$34,751,000	+2.9%	364,379	-0.1%	1.65%	+14.5%
TU	Sell	TELUS CORPORATION	$33,964,000	-11.9%	1,701,373	-2.0%	1.62%	-1.9%
FTS	Sell	FORTIS INC	$32,874,000	-20.3%	860,722	-1.6%	1.56%	-11.3%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$31,298,000	-19.8%	570,711	-3.4%	1.49%	-10.7%
CM	Sell	CANADIAN IMPERIAL BK COMM TO	$30,128,000	-10.9%	684,702	-1.9%	1.43%	-0.8%
V	Buy	VISA INC	$29,812,000	+0.3%	167,815	+11.2%	1.42%	+11.7%
WCN	Buy	WASTE CONNECTIONS INC	$28,258,000	+28.0%	208,028	+16.6%	1.34%	+42.5%
ADI	Sell	ANALOG DEVICES INC	$26,917,000	-16.3%	193,172	-12.3%	1.28%	-6.8%
PG	Sell	PROCTER AND GAMBLE CO	$25,948,000	-12.5%	205,528	-0.4%	1.24%	-2.6%
CMS	Buy	CMS ENERGY CORP	$25,357,000	-12.9%	435,396	+0.9%	1.21%	-3.1%
JNJ	Sell	JOHNSON & JOHNSON	$25,283,000	-21.4%	154,770	-14.6%	1.20%	-12.4%
SLF	Buy	SUN LIFE FINANCIAL INC.	$23,642,000	-12.3%	591,402	+0.4%	1.12%	-2.3%
LMT	Buy	LOCKHEED MARTIN CORP	$23,223,000	-9.4%	60,117	+0.9%	1.10%	+0.9%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$20,945,000	-38.4%	856,807	-26.0%	1.00%	-31.5%
MFC	Sell	MANULIFE FINL CORP	$20,316,000	-10.0%	1,287,588	-1.3%	0.97%	+0.2%
AEM	Sell	AGNICO EAGLE MINES LTD	$19,655,000	-16.1%	462,763	-9.8%	0.94%	-6.6%
TMO	New	THERMO FISHER SCIENTIFIC INC	$19,591,000	–	38,627	–	0.93%	–
DG	Buy	DOLLAR GEN CORP NEW	$19,230,000	-1.3%	80,173	+1.0%	0.92%	+9.8%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$18,499,000	-16.0%	269,823	+0.2%	0.88%	-6.5%
NEE	Sell	NEXTERA ENERGY INC	$18,028,000	-0.5%	229,924	-1.7%	0.86%	+10.9%
CB	Buy	CHUBB LIMITED	$17,142,000	-7.3%	94,251	+0.2%	0.82%	+3.3%
ROST	Buy	ROSS STORES INC	$15,966,000	+22.0%	189,467	+1.7%	0.76%	+36.0%
COP	Sell	CONOCOPHILLIPS	$15,776,000	+5.6%	154,153	-7.4%	0.75%	+17.5%
SHOP	Buy	SHOPIFY INCcl a	$15,708,000	-13.2%	580,352	+0.0%	0.75%	-3.4%
	Sell	NUVEI CORPORATION	$15,549,000	-26.0%	572,341	-1.8%	0.74%	-17.6%
DIS	Buy	DISNEY WALT CO	$15,305,000	+18.9%	162,253	+19.0%	0.73%	+32.4%
UCBI	Sell	UNITED CMNTY BKS BLAIRSVLE G	$15,119,000	+9.2%	456,758	-0.4%	0.72%	+21.5%
EMR	Sell	EMERSON ELEC CO	$14,534,000	-10.5%	198,503	-2.8%	0.69%	-0.4%
CIGI	Sell	COLLIERS INTL GROUP INC	$14,269,000	-18.5%	154,879	-3.3%	0.68%	-9.3%
TSLA	Buy	TESLA INC	$12,221,000	+18.2%	46,074	+200.0%	0.58%	+31.4%
GRPU	Sell	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$11,627,000	-23.5%	239,628	-3.5%	0.55%	-14.8%
GOLD	Sell	BARRICK GOLD CORP	$11,071,000	-28.1%	710,501	-18.5%	0.53%	-19.9%
BCE	Buy	BCE INC	$9,418,000	-2.2%	223,432	+13.8%	0.45%	+8.7%
TIXT	Sell	TELUS INTL CDA INC	$8,728,000	+5.1%	331,675	-0.0%	0.42%	+16.9%
PYPL	Buy	PAYPAL HLDGS INC	$8,362,000	+23.6%	97,148	+0.3%	0.40%	+37.7%
MELI	Buy	MERCADOLIBRE INC	$8,125,000	+30.6%	9,815	+0.5%	0.39%	+45.5%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$7,277,000	-19.1%	187,911	-0.1%	0.35%	-9.9%
CCI	Buy	CROWN CASTLE INC	$6,998,000	-5.9%	48,415	+9.6%	0.33%	+4.7%
	Sell	TRICON RESIDENTIAL INC	$6,975,000	-16.5%	802,059	-2.9%	0.33%	-7.0%
PBA	Sell	PEMBINA PIPELINE CORP	$5,751,000	-48.4%	188,342	-40.4%	0.27%	-42.6%
MGA	Sell	MAGNA INTL INC	$5,028,000	-18.2%	105,438	-6.0%	0.24%	-9.1%
PHM	New	PULTE GROUP INC	$4,790,000	–	127,726	–	0.23%	–
NDAQ	Buy	NASDAQ INC	$3,460,000	+44.6%	61,044	+289.2%	0.16%	+61.8%
PXH	Buy	INVESCO EXCH TRADED FD TR IIftse rafi emng	$3,446,000	-9.5%	213,001	+1.6%	0.16%	+0.6%
FTV	Buy	FORTIVE CORP	$3,212,000	+38.4%	55,092	+29.1%	0.15%	+54.5%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$3,021,000	+30.7%	20,936	+29.1%	0.14%	+45.5%
AAPL	Buy	APPLE INC	$2,939,000	+1.3%	21,263	+0.2%	0.14%	+12.9%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$2,944,000	+13.8%	22,616	+30.1%	0.14%	+26.1%
FNDX	Sell	SCHWAB STRATEGIC TRschwab fdt us lg	$2,313,000	-8.5%	48,433	-2.5%	0.11%	+1.9%
T	Buy	AT&T INC	$2,263,000	-2.3%	147,526	+33.5%	0.11%	+9.1%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$1,542,000	-37.5%	140,432	-23.7%	0.07%	-31.1%
GOOGL	Buy	ALPHABET INCcap stk cl a	$1,301,000	-36.5%	13,600	+1346.8%	0.06%	-29.5%
ENPH	Sell	ENPHASE ENERGY INC	$1,280,000	-6.0%	4,612	-33.9%	0.06%	+5.2%
GOOG	Buy	ALPHABET INCcap stk cl c	$1,062,000	-12.0%	11,040	+1900.0%	0.05%	-1.9%
	Buy	WOLFSPEED INC	$1,081,000	+71.9%	10,454	+5.4%	0.05%	+88.9%
SNY	Sell	SANOFIsponsored adr	$1,014,000	-96.0%	26,678	-94.7%	0.05%	-95.5%
FNDF	Sell	SCHWAB STRATEGIC TRschwb fdt int lg	$977,000	-13.3%	38,850	-2.4%	0.05%	-4.2%
SONY	Sell	SONY GROUP CORPORATIONsponsored adr	$784,000	-95.0%	12,235	-93.6%	0.04%	-94.5%
ALB	Buy	ALBEMARLE CORP	$777,000	+61.5%	2,939	+27.8%	0.04%	+76.2%
MDLZ	Sell	MONDELEZ INTL INCcl a	$764,000	-13.8%	13,939	-2.3%	0.04%	-5.3%
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$759,000	-6.5%	4,230	-1.7%	0.04%	+2.9%
SHLS	Buy	SHOALS TECHNOLOGIES GROUP INcl a	$717,000	+37.9%	33,274	+5.4%	0.03%	+54.5%
RELX	Sell	RELX PLCsponsored adr	$671,000	-12.9%	27,612	-3.4%	0.03%	-3.0%
SHV	Buy	ISHARES TRshort treas bd	$599,000	+92.0%	5,445	+92.1%	0.03%	+115.4%
SEDG	Sell	SOLAREDGE TECHNOLOGIES INC	$590,000	-38.4%	2,551	-27.1%	0.03%	-31.7%
JPM	Sell	JPMORGAN CHASE & CO	$574,000	-50.3%	5,492	-46.5%	0.03%	-44.9%
USMV	Sell	ISHARES TRmsci usa min vol	$549,000	-9.4%	8,310	-3.8%	0.03%	0.0%
BRKB	Buy	BERKSHIRE HATHAWAY INC DELcl b new	$516,000	+18.6%	1,932	+21.2%	0.02%	+31.6%
ACWI	Buy	ISHARES TRmsci acwi etf	$456,000	+4.8%	5,865	+13.0%	0.02%	+15.8%
BAC	Buy	BK OF AMERICA CORP	$464,000	-2.5%	15,369	+0.6%	0.02%	+10.0%
BIL	Buy	SPDR SER TRbloomberg 1-3 mo	$444,000	+62.0%	4,850	+61.7%	0.02%	+75.0%
ISTB	Buy	ISHARES TRcore 1 5 yr usd	$371,000	+11.7%	8,050	+15.0%	0.02%	+28.6%
FNDA	Sell	SCHWAB STRATEGIC TRschwab fdt us sc	$365,000	-7.8%	8,576	-1.9%	0.02%	0.0%
TBT	New	PROSHARES TR	$318,000	–	10,000	–	0.02%	–
VTV	Sell	VANGUARD INDEX FDSvalue etf	$306,000	-10.0%	2,475	-3.9%	0.02%	0.0%
	New	BRAGG GAMING GROUP INC	$325,000	–	80,105	–	0.02%	–
MDT	Sell	MEDTRONIC PLC	$312,000	-17.0%	3,867	-7.7%	0.02%	-6.2%
APH	Sell	AMPHENOL CORP NEWcl a	$201,000	-11.8%	3,007	-15.0%	0.01%	0.0%
QS	Buy	QUANTUMSCAPE CORP	$193,000	+3.2%	22,933	+5.4%	0.01%	+12.5%
	New	REUNION NEUROSCIENCE INC	$29,000	–	20,000	–	0.00%	–
	Exit	FIELD TRIP HEALTH LTD	$0	–	-100,000	–	-0.00%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-1,000	–	-0.01%	–
USB	Exit	US BANCORP DEL	$0	–	-4,525	–	-0.01%	–
NEM	Exit	NEWMONT CORP	$0	–	-4,509	–	-0.01%	–
FDX	Exit	FEDEX CORP	$0	–	-1,326	–	-0.01%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,100	–	-0.02%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,495	–	-0.02%	–
PFE	Exit	PFIZER INC	$0	–	-6,965	–	-0.02%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-3,010	–	-0.02%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-9,186	–	-0.02%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-16,118	–	-0.02%	–

Q2 2022

			Value		Shares		↓ Weighting
RY	New	ROYAL BK CDA	$162,108,000	–	1,677,723	–	6.93%	–
TD	New	TORONTO DOMINION BK ONT	$141,361,000	–	2,160,273	–	6.04%	–
BMO	New	BANK MONTREAL QUE	$84,977,000	–	885,569	–	3.63%	–
CNI	New	CANADIAN NATL RY CO	$84,281,000	–	750,873	–	3.60%	–
SU	New	SUNCOR ENERGY INC NEW	$82,670,000	–	2,361,400	–	3.53%	–
TRP	New	TC ENERGY CORP	$80,763,000	–	1,562,395	–	3.45%	–
ENB	New	ENBRIDGE INC	$78,876,000	–	1,871,705	–	3.37%	–
BNS	New	BANK NOVA SCOTIA B C	$77,431,000	–	1,311,137	–	3.31%	–
OTEX	New	OPEN TEXT CORP	$76,193,000	–	2,018,601	–	3.26%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$68,354,000	–	1,539,873	–	2.92%	–
GIB	New	CGI INCcl a sub vtg	$64,193,000	–	807,551	–	2.74%	–
CNQ	New	CANADIAN NAT RES LTD	$58,638,000	–	1,093,532	–	2.51%	–
QSR	New	RESTAURANT BRANDS INTL INC	$56,639,000	–	1,131,514	–	2.42%	–
CP	New	CANADIAN PAC RY LTD	$56,510,000	–	810,742	–	2.42%	–
MSFT	New	MICROSOFT CORP	$46,624,000	–	181,535	–	1.99%	–
FTS	New	FORTIS INC	$41,260,000	–	874,664	–	1.76%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$39,016,000	–	590,521	–	1.67%	–
RBA	New	RITCHIE BROS AUCTIONEERS	$39,012,000	–	600,873	–	1.67%	–
TU	New	TELUS CORPORATION	$38,572,000	–	1,735,454	–	1.65%	–
NTR	New	NUTRIEN LTD	$38,184,000	–	480,490	–	1.63%	–
STN	New	STANTEC INC	$37,651,000	–	861,280	–	1.61%	–
TRI	New	THOMSON REUTERS CORP.	$37,525,000	–	360,725	–	1.60%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$34,023,000	–	1,157,071	–	1.45%	–
CM	New	CANADIAN IMP BK COMM	$33,817,000	–	697,850	–	1.44%	–
CVS	New	CVS HEALTH CORP	$33,785,000	–	364,616	–	1.44%	–
ADI	New	ANALOG DEVICES INC	$32,168,000	–	220,196	–	1.38%	–
JNJ	New	JOHNSON & JOHNSON	$32,163,000	–	181,188	–	1.37%	–
V	New	VISA INC	$29,710,000	–	150,895	–	1.27%	–
PG	New	PROCTER AND GAMBLE CO	$29,666,000	–	206,318	–	1.27%	–
CMS	New	CMS ENERGY CORP	$29,124,000	–	431,462	–	1.24%	–
FNV	New	FRANCO NEV CORP	$27,202,000	–	207,238	–	1.16%	–
SLF	New	SUN LIFE FINANCIAL INC.	$26,944,000	–	589,301	–	1.15%	–
LMT	New	LOCKHEED MARTIN CORP	$25,625,000	–	59,598	–	1.10%	–
SNY	New	SANOFIsponsored adr	$25,119,000	–	502,081	–	1.07%	–
AEM	New	AGNICO EAGLE MINES LTD	$23,427,000	–	512,898	–	1.00%	–
MFC	New	MANULIFE FINL CORP	$22,576,000	–	1,304,740	–	0.96%	–
WCN	New	WASTE CONNECTIONS INC	$22,077,000	–	178,439	–	0.94%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$22,023,000	–	269,396	–	0.94%	–
	New	NUVEI CORPORATION	$21,017,000	–	582,783	–	0.90%	–
DG	New	DOLLAR GEN CORP NEW	$19,486,000	–	79,394	–	0.83%	–
CB	New	CHUBB LIMITED	$18,493,000	–	94,076	–	0.79%	–
NEE	New	NEXTERA ENERGY INC	$18,118,000	–	233,905	–	0.77%	–
SHOP	New	SHOPIFY INCcl a	$18,088,000	–	580,120	–	0.77%	–
CIGI	New	COLLIERS INTL GROUP INC	$17,516,000	–	160,215	–	0.75%	–
EMR	New	EMERSON ELEC CO	$16,247,000	–	204,263	–	0.69%	–
SONY	New	SONY GROUP CORPORATIONsponsored adr	$15,662,000	–	191,536	–	0.67%	–
GOLD	New	BARRICK GOLD CORP	$15,390,000	–	872,244	–	0.66%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$15,197,000	–	248,302	–	0.65%	–
COP	New	CONOCOPHILLIPS	$14,946,000	–	166,422	–	0.64%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$13,844,000	–	458,575	–	0.59%	–
ROST	New	ROSS STORES INC	$13,082,000	–	186,280	–	0.56%	–
DIS	New	DISNEY WALT CO	$12,869,000	–	136,328	–	0.55%	–
PBA	New	PEMBINA PIPELINE CORP	$11,151,000	–	316,126	–	0.48%	–
TSLA	New	TESLA INC	$10,342,000	–	15,358	–	0.44%	–
	New	STAGWELL INC	$9,948,000	–	1,831,970	–	0.42%	–
BCE	New	BCE INC	$9,633,000	–	196,395	–	0.41%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$8,992,000	–	188,053	–	0.38%	–
	New	TRICON RESIDENTIAL INC	$8,356,000	–	826,005	–	0.36%	–
TIXT	New	TELUS INTL CDA INC	$8,308,000	–	331,778	–	0.36%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$7,437,000	–	44,167	–	0.32%	–
PYPL	New	PAYPAL HLDGS INC	$6,767,000	–	96,891	–	0.29%	–
MELI	New	MERCADOLIBRE INC	$6,222,000	–	9,770	–	0.27%	–
MGA	New	MAGNA INTL INC	$6,144,000	–	112,138	–	0.26%	–
WFG	New	WEST FRASER TIMBER CO LTD	$4,847,000	–	63,299	–	0.21%	–
PXH	New	INVESCO EXCH TRADED FD TR IIftse rafi emng	$3,809,000	–	209,618	–	0.16%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$3,272,000	–	8	–	0.14%	–
AAPL	New	APPLE INC	$2,902,000	–	21,223	–	0.12%	–
CCJ	New	CAMECO CORP	$2,832,000	–	135,000	–	0.12%	–
GLD	New	SPDR GOLD TR	$2,696,000	–	16,004	–	0.12%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$2,586,000	–	17,385	–	0.11%	–
FNDX	New	SCHWAB STRATEGIC TRschwab fdt us lg	$2,527,000	–	49,652	–	0.11%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$2,469,000	–	184,121	–	0.11%	–
NDAQ	New	NASDAQ INC	$2,392,000	–	15,684	–	0.10%	–
FTV	New	FORTIVE CORP	$2,321,000	–	42,690	–	0.10%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$2,312,000	–	16,216	–	0.10%	–
T	New	AT&T INC	$2,317,000	–	110,540	–	0.10%	–
AIG	New	AMERICAN INTL GROUP INC	$2,243,000	–	43,875	–	0.10%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$2,127,000	–	14,352	–	0.09%	–
GOOGL	New	ALPHABET INCcap stk cl a	$2,049,000	–	940	–	0.09%	–
PXF	New	INVESCO EXCH TRADED FD TR IIftse rafi dev	$1,628,000	–	40,903	–	0.07%	–
ENPH	New	ENPHASE ENERGY INC	$1,362,000	–	6,977	–	0.06%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,207,000	–	552	–	0.05%	–
JPM	New	JPMORGAN CHASE & CO	$1,156,000	–	10,264	–	0.05%	–
ERF	New	ENERPLUS CORP	$1,117,000	–	84,683	–	0.05%	–
FNDF	New	SCHWAB STRATEGIC TRschwb fdt int lg	$1,127,000	–	39,798	–	0.05%	–
SEDG	New	SOLAREDGE TECHNOLOGIES INC	$958,000	–	3,501	–	0.04%	–
XVV	New	ISHARES TResg scrnd s&p500	$906,000	–	31,917	–	0.04%	–
MDLZ	New	MONDELEZ INTL INCcl a	$886,000	–	14,274	–	0.04%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$812,000	–	4,305	–	0.04%	–
AGG	New	ISHARES TRcore us aggbd et	$789,000	–	7,766	–	0.03%	–
RELX	New	RELX PLCsponsored adr	$770,000	–	28,571	–	0.03%	–
MU	New	MICRON TECHNOLOGY INC	$757,000	–	13,700	–	0.03%	–
LQD	New	ISHARES TRiboxx inv cp etf	$737,000	–	6,697	–	0.03%	–
CMCSA	New	COMCAST CORP NEWcl a	$730,000	–	18,615	–	0.03%	–
C	New	CITIGROUP INC	$690,000	–	15,000	–	0.03%	–
	New	WOLFSPEED INC	$629,000	–	9,916	–	0.03%	–
USMV	New	ISHARES TRmsci usa min vol	$606,000	–	8,635	–	0.03%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$580,000	–	16,118	–	0.02%	–
CVX	New	CHEVRON CORP NEW	$594,000	–	4,100	–	0.02%	–
	New	BRP INC	$592,000	–	9,645	–	0.02%	–
VOO	New	VANGUARD INDEX FDS	$506,000	–	1,459	–	0.02%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$525,000	–	3,718	–	0.02%	–
SHLS	New	SHOALS TECHNOLOGIES GROUP INcl a	$520,000	–	31,568	–	0.02%	–
ALB	New	ALBEMARLE CORP	$481,000	–	2,300	–	0.02%	–
BAC	New	BK OF AMERICA CORP	$476,000	–	15,284	–	0.02%	–
VZ	New	VERIZON COMMUNICATIONS INC	$466,000	–	9,186	–	0.02%	–
DLTR	New	DOLLAR TREE INC	$469,000	–	3,010	–	0.02%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$435,000	–	1,594	–	0.02%	–
EGLX	New	ENTHUSIAST GAMING HLDGS INC	$444,000	–	224,550	–	0.02%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$442,000	–	2,953	–	0.02%	–
ACWI	New	ISHARES TRmsci acwi etf	$435,000	–	5,191	–	0.02%	–
ATY	New	ACUITYADS HLDGS INC	$422,000	–	180,210	–	0.02%	–
IMO	New	IMPERIAL OIL LTD	$423,000	–	9,000	–	0.02%	–
COST	New	COSTCO WHSL CORP NEW	$415,000	–	866	–	0.02%	–
	New	LIGHTSPEED COMMERCE INC	$399,000	–	17,950	–	0.02%	–
FNDA	New	SCHWAB STRATEGIC TRschwab fdt us sc	$396,000	–	8,746	–	0.02%	–
SWN	New	SOUTHWESTERN ENERGY CO	$375,000	–	60,000	–	0.02%	–
PFE	New	PFIZER INC	$365,000	–	6,965	–	0.02%	–
MDT	New	MEDTRONIC PLC	$376,000	–	4,189	–	0.02%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$348,000	–	1,495	–	0.02%	–
ORCL	New	ORACLE CORP	$356,000	–	5,100	–	0.02%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$340,000	–	2,575	–	0.02%	–
WFC	New	WELLS FARGO CO NEW	$317,000	–	8,100	–	0.01%	–
ISTB	New	ISHARES TRcore 1 5 yr usd	$332,000	–	7,000	–	0.01%	–
FDX	New	FEDEX CORP	$301,000	–	1,326	–	0.01%	–
SHV	New	ISHARES TRshort treas bd	$312,000	–	2,835	–	0.01%	–
MBB	New	ISHARES TRmbs etf	$303,000	–	3,112	–	0.01%	–
BIL	New	SPDR SER TRbloomberg 1-3 mo	$274,000	–	3,000	–	0.01%	–
MTUM	New	ISHARES TRmsci usa mmentm	$292,000	–	2,140	–	0.01%	–
EWC	New	ISHARES INCmsci cda etf	$261,000	–	7,750	–	0.01%	–
DE	New	DEERE & CO	$263,000	–	877	–	0.01%	–
NEM	New	NEWMONT CORP	$268,000	–	4,509	–	0.01%	–
APH	New	AMPHENOL CORP NEWcl a	$228,000	–	3,538	–	0.01%	–
BTG	New	B2GOLD CORP	$233,000	–	69,000	–	0.01%	–
GIS	New	GENERAL MLS INC	$226,000	–	3,000	–	0.01%	–
USB	New	US BANCORP DEL	$208,000	–	4,525	–	0.01%	–
CRL	New	CHARLES RIV LABS INTL INC	$214,000	–	1,000	–	0.01%	–
QS	New	QUANTUMSCAPE CORP	$187,000	–	21,768	–	0.01%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$198,000	–	11,313	–	0.01%	–
LYG	New	LLOYDS BANKING GROUP PLCsponsored adr	$145,000	–	71,029	–	0.01%	–
	New	FIELD TRIP HEALTH LTD	$81,000	–	100,000	–	0.00%	–
ACB	New	AURORA CANNABIS INC	$47,000	–	35,653	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
CEF	Exit	SPROTT PHYSICAL GOLD & SILVEtr unit	$0	–	-11,313	–	-0.01%	–
QUAL	Exit	ISHARES TRmsci usa qlt fct	$0	–	-1,545	–	-0.01%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-4,302	–	-0.01%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,081	–	-0.01%	–
NEM	Exit	NEWMONT CORP	$0	–	-4,509	–	-0.01%	–
IYW	Exit	ISHARES TRu.s. tech etf	$0	–	-2,400	–	-0.01%	–
BTG	Exit	B2GOLD CORP	$0	–	-69,000	–	-0.01%	–
SYK	Exit	STRYKER CORPORATION	$0	–	-950	–	-0.01%	–
ACB	Exit	AURORA CANNABIS INC	$0	–	-35,653	–	-0.01%	–
AMZN	Exit	AMAZON COM INC	$0	–	-81	–	-0.01%	–
CRH	Exit	CRH PLCadr	$0	–	-5,953	–	-0.01%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-9,000	–	-0.01%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-3,010	–	-0.01%	–
DE	Exit	DEERE & CO	$0	–	-899	–	-0.01%	–
FDX	Exit	FEDEX CORP	$0	–	-1,326	–	-0.01%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-4,287	–	-0.01%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,495	–	-0.01%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-3,088	–	-0.01%	–
PFE	Exit	PFIZER INC	$0	–	-8,144	–	-0.01%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRunit	$0	–	-25,351	–	-0.01%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-1,041	–	-0.01%	–
NFLX	Exit	NETFLIX INC	$0	–	-564	–	-0.01%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-60,000	–	-0.01%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-3,286	–	-0.02%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-1,394	–	-0.02%	–
USB	Exit	US BANCORP DEL	$0	–	-6,258	–	-0.02%	–
VTV	Exit	VANGUARD INDEX FDSvalue etf	$0	–	-2,650	–	-0.02%	–
ATY	Exit	ACUITYADS HLDGS INC	$0	–	-54,272	–	-0.02%	–
IEMG	Exit	ISHARES INCcore msci emkt	$0	–	-6,095	–	-0.02%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-8,100	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-866	–	-0.02%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-1,000	–	-0.02%	–
PXF	Exit	INVESCO EXCH TRADED FD TR IIftse rafi dev	$0	–	-8,851	–	-0.02%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-1,625	–	-0.02%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,100	–	-0.02%	–
BIL	Exit	SPDR SER TRspdr bloomberg	$0	–	-5,000	–	-0.02%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,000	–	-0.02%	–
MTUM	Exit	ISHARES TRmsci usa mmentm	$0	–	-2,595	–	-0.02%	–
	Exit	FIELD TRIP HEALTH LTD	$0	–	-100,000	–	-0.02%	–
OR	Exit	OSISKO GOLD ROYALTIES LTD	$0	–	-41,638	–	-0.02%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-3,137	–	-0.02%	–
NEAR	Exit	ISHARES U S ETF TRblackrock st mat	$0	–	-10,000	–	-0.02%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,888	–	-0.02%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-5,336	–	-0.02%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,459	–	-0.02%	–
VBR	Exit	VANGUARD INDEX FDSsm cp val etf	$0	–	-3,408	–	-0.02%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-15,952	–	-0.02%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-15,094	–	-0.03%	–
USMV	Exit	ISHARES TRmsci usa min vol	$0	–	-8,960	–	-0.03%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-23,933	–	-0.03%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-10,540	–	-0.03%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-6,113	–	-0.03%	–
ERO	Exit	ERO COPPER CORP	$0	–	-45,090	–	-0.03%	–
EGLX	Exit	ENTHUSIAST GAMING HLDGS INC	$0	–	-224,550	–	-0.03%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-6,676	–	-0.04%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-8,389	–	-0.04%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-8,149	–	-0.04%	–
VTI	Exit	VANGUARD INDEX FDStotal stk mkt	$0	–	-4,350	–	-0.04%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-13,700	–	-0.04%	–
BGB	Exit	BLACKSTONE STRATEGIC CREDIT	$0	–	-72,572	–	-0.04%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-18,615	–	-0.04%	–
XVV	Exit	ISHARES TResg scrnd s&p500	$0	–	-31,917	–	-0.04%	–
C	Exit	CITIGROUP INC	$0	–	-15,000	–	-0.04%	–
TTE	Exit	TOTALENERGIES SEsponsored ads	$0	–	-28,247	–	-0.06%	–
MGA	Exit	MAGNA INTL INC	$0	–	-18,848	–	-0.06%	–
PXH	Exit	INVESCO EXCH TRADED FD TR IIftse rafi emng	$0	–	-64,458	–	-0.06%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-552	–	-0.06%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-10,653	–	-0.07%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-880	–	-0.10%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-43,875	–	-0.10%	–
AWK	Exit	AMERICAN WTR WKS CO INC NEW	$0	–	-14,766	–	-0.10%	–
GLD	Exit	SPDR GOLD TR	$0	–	-15,680	–	-0.10%	–
NDAQ	Exit	NASDAQ INC	$0	–	-15,087	–	-0.12%	–
CCJ	Exit	CAMECO CORP	$0	–	-135,000	–	-0.12%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-18,247	–	-0.12%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.13%	–
AAPL	Exit	APPLE INC	$0	–	-23,968	–	-0.14%	–
TIXT	Exit	TELUS INTL CDA INC	$0	–	-187,852	–	-0.27%	–
BCE	Exit	BCE INC	$0	–	-135,962	–	-0.28%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-388,587	–	-0.29%	–
SSRM	Exit	SSR MNG INC	$0	–	-488,978	–	-0.29%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-42,074	–	-0.30%	–
	Exit	LIGHTSPEED COMMERCE INC	$0	–	-87,829	–	-0.34%	–
	Exit	BRP INC	$0	–	-134,316	–	-0.51%	–
TSLA	Exit	TESLA INC	$0	–	-16,335	–	-0.52%	–
KL	Exit	KIRKLAND LAKE GOLD LTD	$0	–	-350,618	–	-0.60%	–
ROST	Exit	ROSS STORES INC	$0	–	-147,095	–	-0.65%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-191,928	–	-0.66%	–
COP	Exit	CONOCOPHILLIPS	$0	–	-252,631	–	-0.70%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-349,914	–	-0.74%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-254,520	–	-0.81%	–
DG	Exit	DOLLAR GEN CORP NEW	$0	–	-97,163	–	-0.84%	–
DIS	Exit	DISNEY WALT CO	$0	–	-124,926	–	-0.86%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-371,085	–	-0.88%	–
CMS	Exit	CMS ENERGY CORP	$0	–	-366,001	–	-0.89%	–
UCBI	Exit	UNITED CMNTY BKS BLAIRSVLE G	$0	–	-670,943	–	-0.90%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-1,529,678	–	-0.91%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-175,775	–	-0.92%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-179,948	–	-0.92%	–
V	Exit	VISA INC	$0	–	-101,496	–	-0.92%	–
GRPU	Exit	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$0	–	-320,226	–	-0.93%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-745,464	–	-0.96%	–
CB	Exit	CHUBB LIMITED	$0	–	-141,744	–	-1.00%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,306,810	–	-1.02%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-511,896	–	-1.07%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-204,916	–	-1.08%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-557,295	–	-1.10%	–
PG	Exit	PROCTER AND GAMBLE CO	$0	–	-207,073	–	-1.18%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-181,715	–	-1.24%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-283,750	–	-1.29%	–
STN	Exit	STANTEC INC	$0	–	-678,166	–	-1.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-197,772	–	-1.30%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-403,674	–	-1.40%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,743,826	–	-1.47%	–
RBA	Exit	RITCHIE BROS AUCTIONEERS	$0	–	-620,155	–	-1.56%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-639,054	–	-1.56%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,063,154	–	-1.58%	–
FTS	Exit	FORTIS INC	$0	–	-918,653	–	-1.66%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-1,431,152	–	-1.70%	–
TU	Exit	TELUS CORPORATION	$0	–	-1,913,091	–	-1.71%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-733,862	–	-1.95%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-170,596	–	-1.96%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-835,230	–	-2.08%	–
NTR	Exit	NUTRIEN LTD	$0	–	-851,594	–	-2.25%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-1,298,990	–	-2.47%	–
CM	Exit	CANADIAN IMP BK COMM	$0	–	-544,990	–	-2.47%	–
TRP	Exit	TC ENERGY CORP	$0	–	-1,306,437	–	-2.56%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-1,577,357	–	-3.14%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,456,366	–	-3.18%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-766,291	–	-3.62%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-921,622	–	-3.75%	–
ENB	Exit	ENBRIDGE INC	$0	–	-2,345,614	–	-3.81%	–
BNS	Exit	BANK NOVA SCOTIA B C	$0	–	-1,588,110	–	-3.98%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-72,789	–	-4.02%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,701,183	–	-7.28%	–
RY	Exit	ROYAL BK CDA	$0	–	-1,914,676	–	-7.76%	–

Q3 2021

			Value		Shares		↓ Weighting
RY	Buy	ROYAL BK CDA	$190,477,000	-0.6%	1,914,676	+1.3%	7.76%	+0.0%
TD	Buy	TORONTO DOMINION BK ONT	$178,785,000	-5.2%	2,701,183	+0.5%	7.28%	-4.5%
SHOP	Buy	SHOPIFY INCcl a	$98,781,000	-5.9%	72,789	+1.5%	4.02%	-5.3%
BNS	Sell	BANK NOVA SCOTIA B C	$97,730,000	-8.9%	1,588,110	-3.6%	3.98%	-8.3%
ENB	Buy	ENBRIDGE INC	$93,428,000	-0.0%	2,345,614	+0.6%	3.81%	+0.6%
BMO	Sell	BANK MONTREAL QUE	$91,991,000	-3.3%	921,622	-0.6%	3.75%	-2.7%
CNI	Buy	CANADIAN NATL RY CO	$88,784,000	+10.3%	766,291	+0.6%	3.62%	+11.1%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$78,023,000	+21.8%	1,456,366	+16.1%	3.18%	+22.6%
OTEX	Sell	OPEN TEXT CORP	$76,972,000	-7.6%	1,577,357	-3.7%	3.14%	-7.0%
TRP	Buy	TC ENERGY CORP	$62,865,000	-2.7%	1,306,437	+0.1%	2.56%	-2.1%
CM	Sell	CANADIAN IMP BK COMM	$60,657,000	-5.8%	544,990	-3.6%	2.47%	-5.2%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$60,651,000	-15.7%	1,298,990	-4.0%	2.47%	-15.2%
NTR	Sell	NUTRIEN LTD	$55,263,000	+4.3%	851,594	-2.5%	2.25%	+5.0%
QSR	Buy	RESTAURANT BRANDS INTL INC	$51,161,000	-5.0%	835,230	+0.0%	2.08%	-4.4%
MSFT	Sell	MICROSOFT CORP	$48,094,000	+1.8%	170,596	-2.1%	1.96%	+2.5%
CP	Buy	CANADIAN PAC RY LTD	$47,912,000	+9.7%	733,862	+29.3%	1.95%	+10.4%
TU	Sell	TELUS CORPORATION	$41,950,000	-2.3%	1,913,091	-0.2%	1.71%	-1.7%
SJR	Buy	SHAW COMMUNICATIONS INCcl b conv	$41,595,000	+16.9%	1,431,152	+16.7%	1.70%	+17.7%
FTS	Sell	FORTIS INC	$40,746,000	-0.9%	918,653	-1.0%	1.66%	-0.2%
CNQ	Buy	CANADIAN NAT RES LTD	$38,864,000	+32.6%	1,063,154	+31.8%	1.58%	+33.4%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$38,382,000	-5.2%	639,054	-5.5%	1.56%	-4.6%
RBA	Buy	RITCHIE BROS AUCTIONEERS	$38,261,000	+34.8%	620,155	+29.7%	1.56%	+35.7%
SU	Sell	SUNCOR ENERGY INC NEW	$36,147,000	-39.6%	1,743,826	-30.2%	1.47%	-39.2%
CVS	Sell	CVS HEALTH CORP	$34,256,000	-6.5%	403,674	-8.1%	1.40%	-5.9%
JNJ	Sell	JOHNSON & JOHNSON	$31,940,000	-2.0%	197,772	-0.1%	1.30%	-1.4%
STN	Buy	STANTEC INC	$31,851,000	+5.4%	678,166	+0.2%	1.30%	+6.1%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$31,681,000	-6.8%	283,750	+0.3%	1.29%	-6.2%
ADI	Buy	ANALOG DEVICES INC	$30,434,000	+171.8%	181,715	+179.4%	1.24%	+173.7%
PG	Buy	PROCTER AND GAMBLE CO	$28,949,000	+70.0%	207,073	+64.0%	1.18%	+70.9%
SNY	Buy	SANOFIsponsored adr	$26,867,000	-0.9%	557,295	+8.2%	1.10%	-0.3%
FNV	Buy	FRANCO NEV CORP	$26,616,000	-10.6%	204,916	+0.0%	1.08%	-10.0%
SLF	Buy	SUN LIFE FINANCIAL INC.	$26,345,000	+40.1%	511,896	+40.5%	1.07%	+41.0%
MFC	Sell	MANULIFE FINL CORP	$25,149,000	-29.4%	1,306,810	-27.7%	1.02%	-28.9%
CB	Buy	CHUBB LIMITED	$24,590,000	+10.2%	141,744	+1.0%	1.00%	+11.0%
PBA	Sell	PEMBINA PIPELINE CORP	$23,626,000	-0.6%	745,464	-0.2%	0.96%	+0.1%
GRPU	Sell	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$22,770,000	+6.2%	320,226	-0.5%	0.93%	+6.9%
V	Sell	VISA INC	$22,608,000	-4.9%	101,496	-0.1%	0.92%	-4.3%
MDT	Buy	MEDTRONIC PLC	$22,556,000	+2.6%	179,948	+1.6%	0.92%	+3.3%
CIGI	Buy	COLLIERS INTL GROUP INC	$22,495,000	+14.2%	175,775	+0.0%	0.92%	+14.9%
AQN	Buy	ALGONQUIN PWR UTILS CORP	$22,423,000	+9.0%	1,529,678	+10.9%	0.91%	+9.7%
UCBI	Buy	UNITED CMNTY BKS BLAIRSVLE G	$22,020,000	+22.0%	670,943	+19.0%	0.90%	+22.7%
CMS	Buy	CMS ENERGY CORP	$21,861,000	+37.6%	366,001	+36.1%	0.89%	+38.6%
MDLZ	Sell	MONDELEZ INTL INCcl a	$21,590,000	-32.7%	371,085	-27.7%	0.88%	-32.2%
DIS	Buy	DISNEY WALT CO	$21,134,000	-1.6%	124,926	+2.2%	0.86%	-1.0%
DG	Sell	DOLLAR GEN CORP NEW	$20,612,000	-20.7%	97,163	-19.2%	0.84%	-20.2%
NEE	Sell	NEXTERA ENERGY INC	$19,985,000	-15.5%	254,520	-21.1%	0.81%	-14.9%
AEM	Sell	AGNICO EAGLE MINES LTD	$18,150,000	-14.3%	349,914	-0.0%	0.74%	-13.9%
COP	Sell	CONOCOPHILLIPS	$17,121,000	-13.2%	252,631	-22.0%	0.70%	-12.5%
GIB	Buy	CGI INCcl a sub vtg	$16,300,000	+4.0%	191,928	+11.1%	0.66%	+4.7%
ROST	Buy	ROSS STORES INC	$16,011,000	-11.5%	147,095	+0.8%	0.65%	-10.9%
KL	Sell	KIRKLAND LAKE GOLD LTD	$14,602,000	+7.9%	350,618	-0.0%	0.60%	+8.6%
	Buy	BRP INC	$12,430,000	+18.1%	134,316	+0.0%	0.51%	+18.8%
	New	LIGHTSPEED COMMERCE INC	$8,473,000	–	87,829	–	0.34%	–
CCI	Sell	CROWN CASTLE INTL CORP NEW	$7,292,000	-20.6%	42,074	-10.6%	0.30%	-20.2%
SSRM	Buy	SSR MNG INC	$7,110,000	-6.9%	488,978	+0.1%	0.29%	-6.1%
GOLD	Sell	BARRICK GOLD CORP	$7,015,000	-12.8%	388,587	-0.0%	0.29%	-12.3%
BCE	Buy	BCE INC	$6,810,000	+1.7%	135,962	+0.2%	0.28%	+2.2%
TIXT	Buy	TELUS INTL CDA INC	$6,590,000	+30.1%	187,852	+15.3%	0.27%	+30.7%
BR	Buy	BROADRIDGE FINL SOLUTIONS IN	$3,041,000	+4.1%	18,247	+0.9%	0.12%	+5.1%
NDAQ	Buy	NASDAQ INC	$2,912,000	+10.8%	15,087	+0.9%	0.12%	+12.3%
CCJ	Sell	CAMECO CORP	$2,933,000	-10.1%	135,000	-20.6%	0.12%	-9.8%
GLD	Sell	SPDR GOLD TR	$2,575,000	-1.1%	15,680	-0.3%	0.10%	0.0%
AWK	Buy	AMERICAN WTR WKS CO INC NEW	$2,496,000	+33.3%	14,766	+21.5%	0.10%	+34.2%
JPM	Sell	JPMORGAN CHASE & CO	$1,744,000	+5.3%	10,653	-0.0%	0.07%	+6.0%
PXH	Buy	INVESCO EXCH TRADED FD TR IIftse rafi emng	$1,440,000	+3.7%	64,458	+8.4%	0.06%	+5.4%
MGA	Buy	MAGNA INTL INC	$1,418,000	-16.1%	18,848	+3.3%	0.06%	-14.7%
TTE	Buy	TOTALENERGIES SEsponsored ads	$1,354,000	+11.1%	28,247	+4.9%	0.06%	+12.2%
BGB	New	BLACKSTONE STRATEGIC CREDIT	$1,005,000	–	72,572	–	0.04%	–
VTI	Sell	VANGUARD INDEX FDStotal stk mkt	$966,000	-1.2%	4,350	-0.9%	0.04%	-2.5%
AGG	New	ISHARES TRcore us aggbd et	$936,000	–	8,149	–	0.04%	–
LQD	New	ISHARES TRiboxx inv cp etf	$888,000	–	6,676	–	0.04%	–
ERO	Sell	ERO COPPER CORP	$799,000	-16.0%	45,090	-0.4%	0.03%	-13.2%
GILD	Sell	GILEAD SCIENCES INC	$736,000	+1.1%	10,540	-0.3%	0.03%	+3.4%
USMV	Sell	ISHARES TRmsci usa min vol	$659,000	-7.3%	8,960	-7.2%	0.03%	-6.9%
BAC	Buy	BK OF AMERICA CORP	$641,000	+3.4%	15,094	+0.4%	0.03%	+4.0%
VBR	Sell	VANGUARD INDEX FDSsm cp val etf	$577,000	-9.8%	3,408	-7.5%	0.02%	-7.7%
WPM	Buy	WHEATON PRECIOUS METALS CORP	$600,000	-6.0%	15,952	+10.3%	0.02%	-7.7%
NEAR	New	ISHARES U S ETF TRblackrock st mat	$501,000	–	10,000	–	0.02%	–
PRF	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$497,000	-0.8%	3,137	+0.3%	0.02%	0.0%
BIL	New	SPDR SER TRspdr bloomberg	$457,000	–	5,000	–	0.02%	–
MTUM	Sell	ISHARES TRmsci usa mmentm	$456,000	-16.9%	2,595	-18.0%	0.02%	-13.6%
	New	FIELD TRIP HEALTH LTD	$455,000	–	100,000	–	0.02%	–
KSU	Sell	KANSAS CITY SOUTHERN	$440,000	-44.4%	1,625	-41.9%	0.02%	-43.8%
PXF	Buy	INVESCO EXCH TRADED FD TR IIftse rafi dev	$415,000	-2.1%	8,851	+0.4%	0.02%	0.0%
IEMG	Sell	ISHARES INCcore msci emkt	$376,000	-44.2%	6,095	-39.4%	0.02%	-44.4%
USB	Buy	US BANCORP DEL	$372,000	+6.6%	6,258	+2.1%	0.02%	+7.1%
SHV	New	ISHARES TRshort treas bd	$363,000	–	3,286	–	0.02%	–
PFE	Sell	PFIZER INC	$350,000	+7.0%	8,144	-2.4%	0.01%	+7.7%
MBB	New	ISHARES TRmbs etf	$334,000	–	3,088	–	0.01%	–
MTN	Sell	VAIL RESORTS INC	$348,000	+3.6%	1,041	-2.0%	0.01%	0.0%
APH	Sell	AMPHENOL CORP NEWcl a	$314,000	-32.8%	4,287	-37.2%	0.01%	-31.6%
DE	Sell	DEERE & CO	$301,000	-30.2%	899	-26.5%	0.01%	-29.4%
AMZN	Sell	AMAZON COM INC	$266,000	-52.6%	81	-50.3%	0.01%	-52.2%
VZ	Sell	VERIZON COMMUNICATIONS INC	$232,000	-7.2%	4,302	-3.7%	0.01%	-10.0%
QUAL	Sell	ISHARES TRmsci usa qlt fct	$204,000	-15.7%	1,545	-15.1%	0.01%	-20.0%
VEU	Exit	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$0	–	-3,190	–	-0.01%	–
EEMV	Exit	ISHARES INCmsci emerg mrkt	$0	–	-3,435	–	-0.01%	–
VOE	Exit	VANGUARD INDEX FDSmcap vl idxvip	$0	–	-1,815	–	-0.01%	–
EFAV	Exit	ISHARES TRmsci eafe min vl	$0	–	-3,130	–	-0.01%	–
BPY	Exit	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$0	–	-12,990	–	-0.01%	–
BAP	Exit	CREDICORP LTD	$0	–	-2,105	–	-0.01%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-3,055	–	-0.01%	–
NEAR	Exit	ISHARES U S ETF TRblackrock st mat	$0	–	-10,000	–	-0.02%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-5,703	–	-0.03%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-6,430	–	-0.04%	–
	Exit	LIGHTSPEED POS INC	$0	–	-11,556	–	-0.04%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-8,534	–	-0.04%	–
BGB	Exit	BLACKSTONE STRATEGIC CREDIT	$0	–	-72,872	–	-0.04%	–
WFG	Exit	WEST FRASER TIMBER CO LTD	$0	–	-106,810	–	-0.31%	–

Q2 2021

			Value		Shares		↓ Weighting
RY	New	ROYAL BK CDA	$191,629,000	–	1,889,441	–	7.76%	–
TD	New	TORONTO DOMINION BK ONT	$188,498,000	–	2,686,979	–	7.63%	–
BNS	New	BANK NOVA SCOTIA B C	$107,242,000	–	1,647,213	–	4.34%	–
SHOP	New	SHOPIFY INCcl a	$104,961,000	–	71,695	–	4.25%	–
BMO	New	BANK MONTREAL QUE	$95,148,000	–	927,296	–	3.85%	–
ENB	New	ENBRIDGE INC	$93,456,000	–	2,331,797	–	3.78%	–
OTEX	New	OPEN TEXT CORP	$83,266,000	–	1,637,945	–	3.37%	–
CNI	New	CANADIAN NATL RY CO	$80,458,000	–	761,767	–	3.26%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$71,980,000	–	1,352,542	–	2.91%	–
TRP	New	TC ENERGY CORP	$64,626,000	–	1,304,629	–	2.62%	–
CM	New	CANADIAN IMP BK COMM	$64,396,000	–	565,107	–	2.61%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$64,074,000	–	1,254,628	–	2.59%	–
SU	New	SUNCOR ENERGY INC NEW	$59,871,000	–	2,497,080	–	2.42%	–
QSR	New	RESTAURANT BRANDS INTL INC	$53,864,000	–	835,101	–	2.18%	–
NTR	New	NUTRIEN LTD	$52,969,000	–	873,266	–	2.14%	–
MSFT	New	MICROSOFT CORP	$47,228,000	–	174,339	–	1.91%	–
CP	New	CANADIAN PAC RY LTD	$43,673,000	–	567,358	–	1.77%	–
TU	New	TELUS CORPORATION	$42,943,000	–	1,916,972	–	1.74%	–
FTS	New	FORTIS INC	$41,111,000	–	927,790	–	1.66%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$40,505,000	–	676,203	–	1.64%	–
CVS	New	CVS HEALTH CORP	$36,647,000	–	439,207	–	1.48%	–
MFC	New	MANULIFE FINL CORP	$35,631,000	–	1,808,274	–	1.44%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$35,569,000	–	1,226,554	–	1.44%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$33,994,000	–	282,910	–	1.38%	–
JNJ	New	JOHNSON & JOHNSON	$32,608,000	–	197,935	–	1.32%	–
MDLZ	New	MONDELEZ INTL INCcl a	$32,062,000	–	513,479	–	1.30%	–
STN	New	STANTEC INC	$30,222,000	–	676,618	–	1.22%	–
FNV	New	FRANCO NEV CORP	$29,767,000	–	204,906	–	1.20%	–
CNQ	New	CANADIAN NAT RES LTD	$29,312,000	–	806,603	–	1.19%	–
RBA	New	RITCHIE BROS AUCTIONEERS	$28,377,000	–	478,143	–	1.15%	–
SNY	New	SANOFIsponsored adr	$27,122,000	–	515,036	–	1.10%	–
DG	New	DOLLAR GEN CORP NEW	$26,007,000	–	120,186	–	1.05%	–
PBA	New	PEMBINA PIPELINE CORP	$23,760,000	–	746,948	–	0.96%	–
V	New	VISA INC	$23,763,000	–	101,631	–	0.96%	–
NEE	New	NEXTERA ENERGY INC	$23,640,000	–	322,598	–	0.96%	–
CB	New	CHUBB LIMITED	$22,315,000	–	140,402	–	0.90%	–
MDT	New	MEDTRONIC PLC	$21,987,000	–	177,127	–	0.89%	–
DIS	New	DISNEY WALT CO	$21,488,000	–	122,249	–	0.87%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$21,431,000	–	321,745	–	0.87%	–
AEM	New	AGNICO EAGLE MINES LTD	$21,182,000	–	349,921	–	0.86%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$20,574,000	–	1,379,391	–	0.83%	–
COP	New	CONOCOPHILLIPS	$19,721,000	–	323,826	–	0.80%	–
CIGI	New	COLLIERS INTL GROUP INC	$19,697,000	–	175,698	–	0.80%	–
SLF	New	SUN LIFE FINANCIAL INC.	$18,810,000	–	364,408	–	0.76%	–
ROST	New	ROSS STORES INC	$18,093,000	–	145,912	–	0.73%	–
UCBI	New	UNITED CMNTY BKS BLAIRSVLE G	$18,054,000	–	564,002	–	0.73%	–
PG	New	PROCTER AND GAMBLE CO	$17,033,000	–	126,234	–	0.69%	–
CMS	New	CMS ENERGY CORP	$15,886,000	–	268,896	–	0.64%	–
GIB	New	CGI INCcl a sub vtg	$15,673,000	–	172,684	–	0.63%	–
KL	New	KIRKLAND LAKE GOLD LTD	$13,528,000	–	350,678	–	0.55%	–
ADI	New	ANALOG DEVICES INC	$11,198,000	–	65,047	–	0.45%	–
TSLA	New	TESLA INC	$11,103,000	–	16,335	–	0.45%	–
	New	BRP INC	$10,521,000	–	134,309	–	0.43%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$9,179,000	–	47,046	–	0.37%	–
GOLD	New	BARRICK GOLD CORP	$8,048,000	–	388,668	–	0.33%	–
WFG	New	WEST FRASER TIMBER CO LTD	$7,676,000	–	106,810	–	0.31%	–
SSRM	New	SSR MNG INC	$7,637,000	–	488,481	–	0.31%	–
BCE	New	BCE INC	$6,697,000	–	135,670	–	0.27%	–
TIXT	New	TELUS INTL CDA INC	$5,065,000	–	162,909	–	0.20%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$3,349,000	–	8	–	0.14%	–
AAPL	New	APPLE INC	$3,283,000	–	23,968	–	0.13%	–
CCJ	New	CAMECO CORP	$3,262,000	–	170,000	–	0.13%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$2,922,000	–	18,087	–	0.12%	–
NDAQ	New	NASDAQ INC	$2,628,000	–	14,951	–	0.11%	–
GLD	New	SPDR GOLD TR	$2,604,000	–	15,722	–	0.10%	–
GOOGL	New	ALPHABET INCcap stk cl a	$2,149,000	–	880	–	0.09%	–
AIG	New	AMERICAN INTL GROUP INC	$2,088,000	–	43,875	–	0.08%	–
AWK	New	AMERICAN WTR WKS CO INC NEW	$1,873,000	–	12,150	–	0.08%	–
MGA	New	MAGNA INTL INC	$1,691,000	–	18,248	–	0.07%	–
JPM	New	JPMORGAN CHASE & CO	$1,657,000	–	10,656	–	0.07%	–
GOOG	New	ALPHABET INCcap stk cl c	$1,383,000	–	552	–	0.06%	–
PXH	New	INVESCO EXCH TRADED FD TR IIftse rafi emng	$1,389,000	–	59,473	–	0.06%	–
EGLX	New	ENTHUSIAST GAMING HLDGS INC	$1,335,000	–	224,550	–	0.05%	–
TTE	New	TOTALENERGIES SEsponsored ads	$1,219,000	–	26,928	–	0.05%	–
MU	New	MICRON TECHNOLOGY INC	$1,164,000	–	13,700	–	0.05%	–
C	New	CITIGROUP INC	$1,061,000	–	15,000	–	0.04%	–
XVV	New	ISHARES TResg scrnd s&p500	$1,051,000	–	31,917	–	0.04%	–
CMCSA	New	COMCAST CORP NEWcl a	$1,061,000	–	18,615	–	0.04%	–
BGB	New	BLACKSTONE STRATEGIC CREDIT	$1,015,000	–	72,872	–	0.04%	–
VTI	New	VANGUARD INDEX FDStotal stk mkt	$978,000	–	4,388	–	0.04%	–
AGG	New	ISHARES TRcore us aggbd et	$984,000	–	8,534	–	0.04%	–
	New	LIGHTSPEED POS INC	$968,000	–	11,556	–	0.04%	–
ERO	New	ERO COPPER CORP	$951,000	–	45,290	–	0.04%	–
LQD	New	ISHARES TRiboxx inv cp etf	$864,000	–	6,430	–	0.04%	–
TRI	New	THOMSON REUTERS CORP.	$834,000	–	8,389	–	0.03%	–
KSU	New	KANSAS CITY SOUTHERN	$792,000	–	2,795	–	0.03%	–
WCN	New	WASTE CONNECTIONS INC	$731,000	–	6,113	–	0.03%	–
GILD	New	GILEAD SCIENCES INC	$728,000	–	10,572	–	0.03%	–
USMV	New	ISHARES TRmsci usa min vol	$711,000	–	9,650	–	0.03%	–
IEMG	New	ISHARES INCcore msci emkt	$674,000	–	10,055	–	0.03%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$638,000	–	14,460	–	0.03%	–
RELX	New	RELX PLCsponsored adr	$638,000	–	23,933	–	0.03%	–
VBR	New	VANGUARD INDEX FDSsm cp val etf	$640,000	–	3,683	–	0.03%	–
SHV	New	ISHARES TRshort treas bd	$630,000	–	5,703	–	0.03%	–
BAC	New	BK OF AMERICA CORP	$620,000	–	15,034	–	0.02%	–
OR	New	OSISKO GOLD ROYALTIES LTD	$571,000	–	41,638	–	0.02%	–
AMZN	New	AMAZON COM INC	$561,000	–	163	–	0.02%	–
VOO	New	VANGUARD INDEX FDS	$574,000	–	1,459	–	0.02%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$570,000	–	3,888	–	0.02%	–
ATY	New	ACUITYADS HLDGS INC	$539,000	–	54,272	–	0.02%	–
ACWI	New	ISHARES TRmsci acwi etf	$540,000	–	5,336	–	0.02%	–
MTUM	New	ISHARES TRmsci usa mmentm	$549,000	–	3,165	–	0.02%	–
NEAR	New	ISHARES U S ETF TRblackrock st mat	$502,000	–	10,000	–	0.02%	–
XOM	New	EXXON MOBIL CORP	$505,000	–	8,000	–	0.02%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$501,000	–	3,127	–	0.02%	–
APH	New	AMPHENOL CORP NEWcl a	$467,000	–	6,825	–	0.02%	–
PXF	New	INVESCO EXCH TRADED FD TR IIftse rafi dev	$424,000	–	8,814	–	0.02%	–
DE	New	DEERE & CO	$431,000	–	1,223	–	0.02%	–
FDX	New	FEDEX CORP	$396,000	–	1,326	–	0.02%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$387,000	–	1,394	–	0.02%	–
ORCL	New	ORACLE CORP	$397,000	–	5,100	–	0.02%	–
VTV	New	VANGUARD INDEX FDSvalue etf	$364,000	–	2,650	–	0.02%	–
CRL	New	CHARLES RIV LABS INTL INC	$370,000	–	1,000	–	0.02%	–
WFC	New	WELLS FARGO CO NEW	$367,000	–	8,100	–	0.02%	–
USB	New	US BANCORP DEL	$349,000	–	6,127	–	0.01%	–
MTN	New	VAIL RESORTS INC	$336,000	–	1,062	–	0.01%	–
SWN	New	SOUTHWESTERN ENERGY CO	$340,000	–	60,000	–	0.01%	–
PHYS	New	SPROTT PHYSICAL GOLD TRunit	$356,000	–	25,351	–	0.01%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$350,000	–	1,495	–	0.01%	–
COST	New	COSTCO WHSL CORP NEW	$343,000	–	866	–	0.01%	–
ACB	New	AURORA CANNABIS INC	$323,000	–	35,653	–	0.01%	–
PFE	New	PFIZER INC	$327,000	–	8,345	–	0.01%	–
MBB	New	ISHARES TRmbs etf	$331,000	–	3,055	–	0.01%	–
DLTR	New	DOLLAR TREE INC	$299,000	–	3,010	–	0.01%	–
NFLX	New	NETFLIX INC	$298,000	–	564	–	0.01%	–
NEM	New	NEWMONT CORP	$286,000	–	4,509	–	0.01%	–
CRH	New	CRH PLCadr	$303,000	–	5,953	–	0.01%	–
BTG	New	B2GOLD CORP	$290,000	–	69,000	–	0.01%	–
IMO	New	IMPERIAL OIL LTD	$275,000	–	9,000	–	0.01%	–
VOE	New	VANGUARD INDEX FDSmcap vl idxvip	$255,000	–	1,815	–	0.01%	–
EFAV	New	ISHARES TRmsci eafe min vl	$236,000	–	3,130	–	0.01%	–
BPY	New	BROOKFIELD PROPERTY PARTRS Lunit ltd partn	$246,000	–	12,990	–	0.01%	–
BAP	New	CREDICORP LTD	$255,000	–	2,105	–	0.01%	–
QUAL	New	ISHARES TRmsci usa qlt fct	$242,000	–	1,820	–	0.01%	–
VZ	New	VERIZON COMMUNICATIONS INC	$250,000	–	4,467	–	0.01%	–
SYK	New	STRYKER CORPORATION	$247,000	–	950	–	0.01%	–
IYW	New	ISHARES TRu.s. tech etf	$239,000	–	2,400	–	0.01%	–
EEMV	New	ISHARES INCmsci emerg mrkt	$220,000	–	3,435	–	0.01%	–
CEF	New	SPROTT PHYSICAL GOLD & SILVEtr unit	$215,000	–	11,313	–	0.01%	–
GD	New	GENERAL DYNAMICS CORP	$204,000	–	1,081	–	0.01%	–
VEU	New	VANGUARD INTL EQUITY INDEX Fallwrld ex us	$202,000	–	3,190	–	0.01%	–

Q4 2020

			Value		Shares		↓ Weighting
AIGWS	Exit	AMERICAN INTL GROUP INC*w exp 01/19/202	$0	–	-100,000	–	-0.00%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-60,000	–	-0.01%	–
CRL	Exit	CHARLES RIV LABS INTL INC	$0	–	-1,000	–	-0.01%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,430	–	-0.02%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-723	–	-0.02%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-8,000	–	-0.02%	–
RTX	Exit	RAYTHEON TECHNOLOGIES CORP	$0	–	-4,980	–	-0.02%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-3,010	–	-0.02%	–
MBB	Exit	ISHARES TRmbs etf	$0	–	-2,600	–	-0.02%	–
NFLX	Exit	NETFLIX INC	$0	–	-564	–	-0.02%	–
RELX	Exit	RELX PLCsponsored adr	$0	–	-13,018	–	-0.02%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-3,729	–	-0.02%	–
PXF	Exit	INVESCO EXCH TRADED FD TR IIftse rafi dev	$0	–	-8,807	–	-0.02%	–
PFE	Exit	PFIZER INC	$0	–	-8,629	–	-0.02%	–
ORCL	Exit	ORACLE CORP	$0	–	-5,615	–	-0.02%	–
FDX	Exit	FEDEX CORP	$0	–	-1,326	–	-0.02%	–
	Exit	LIGHTSPEED POS INC	$0	–	-10,881	–	-0.02%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-1,706	–	-0.02%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-3,185	–	-0.02%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-3,425	–	-0.02%	–
PHYS	Exit	SPROTT PHYSICAL GOLD TRunit	$0	–	-25,351	–	-0.02%	–
OR	Exit	OSISKO GOLD ROYALTIES LTD	$0	–	-33,209	–	-0.02%	–
NEM	Exit	NEWMONT CORP	$0	–	-6,595	–	-0.02%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-5,427	–	-0.03%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,888	–	-0.03%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-2,935	–	-0.03%	–
	Exit	BRP INC	$0	–	-10,278	–	-0.03%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,758	–	-0.03%	–
GILD	Exit	GILEAD SCIENCES INC	$0	–	-10,101	–	-0.04%	–
C	Exit	CITIGROUP INC	$0	–	-15,000	–	-0.04%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-13,700	–	-0.04%	–
MAA	Exit	MID-AMER APT CMNTYS INC	$0	–	-6,720	–	-0.04%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-544	–	-0.04%	–
PXH	Exit	INVESCO EXCH TRADED FD TR IIftse rafi emng	$0	–	-46,705	–	-0.05%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-18,000	–	-0.05%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-16,831	–	-0.05%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-70,881	–	-0.05%	–
LQD	Exit	ISHARES TRiboxx inv cp etf	$0	–	-6,825	–	-0.05%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-10,331	–	-0.06%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-9,406	–	-0.06%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-28,651	–	-0.06%	–
BAC	Exit	BK OF AMERICA CORP	$0	–	-48,650	–	-0.07%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-43,875	–	-0.07%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-837	–	-0.07%	–
CCJ	Exit	CAMECO CORP	$0	–	-170,535	–	-0.10%	–
BR	Exit	BROADRIDGE FINL SOLUTIONS IN	$0	–	-17,190	–	-0.13%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-39,389	–	-0.13%	–
DIS	Exit	DISNEY WALT CO	$0	–	-19,530	–	-0.14%	–
GLD	Exit	SPDR GOLD TR	$0	–	-14,000	–	-0.14%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.15%	–
AAPL	Exit	APPLE INC	$0	–	-23,110	–	-0.15%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-16,270	–	-0.20%	–
BCE	Exit	BCE INC	$0	–	-93,948	–	-0.22%	–
ADI	Exit	ANALOG DEVICES INC	$0	–	-38,470	–	-0.26%	–
TSLA	Exit	TESLA INC	$0	–	-16,335	–	-0.40%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-163,042	–	-0.46%	–
MGA	Exit	MAGNA INTL INC	$0	–	-180,074	–	-0.47%	–
GOOS	Exit	CANADA GOOSE HLDGS INC	$0	–	-286,082	–	-0.52%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-542,085	–	-0.56%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-667,756	–	-0.61%	–
SSRM	Exit	SSR MNG INC	$0	–	-607,377	–	-0.64%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-170,198	–	-0.66%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-309,282	–	-0.69%	–
DSGX	Exit	DESCARTES SYS GROUP INC	$0	–	-221,286	–	-0.71%	–
BAP	Exit	CREDICORP LTD	$0	–	-135,452	–	-0.96%	–
CB	Exit	CHUBB LIMITED	$0	–	-144,796	–	-0.96%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-176,926	–	-1.04%	–
V	Exit	VISA INC	$0	–	-92,363	–	-1.05%	–
ROST	Exit	ROSS STORES INC	$0	–	-199,157	–	-1.06%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-180,176	–	-1.11%	–
FNV	Exit	FRANCO NEV CORP	$0	–	-142,095	–	-1.12%	–
SLF	Exit	SUN LIFE FINANCIAL INC.	$0	–	-496,892	–	-1.15%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-196,436	–	-1.16%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-1,682,695	–	-1.16%	–
DE	Exit	DEERE & CO	$0	–	-93,689	–	-1.18%	–
TRI	Exit	THOMSON REUTERS CORP.	$0	–	-272,350	–	-1.23%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-1,619,543	–	-1.33%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-404,176	–	-1.34%	–
GRPU	Exit	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$0	–	-412,074	–	-1.36%	–
GOLD	Exit	BARRICK GOLD CORP	$0	–	-863,128	–	-1.37%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-87,235	–	-1.38%	–
KL	Exit	KIRKLAND LAKE GOLD LTD	$0	–	-499,500	–	-1.38%	–
PRMW	Exit	PRIMO WATER CORPORATION	$0	–	-1,722,651	–	-1.39%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-1,832,958	–	-1.44%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-442,514	–	-1.44%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-386,695	–	-1.46%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-1,217,766	–	-1.46%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-175,229	–	-1.48%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-531,743	–	-1.66%	–
STN	Exit	STANTEC INC	$0	–	-974,907	–	-1.68%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,041,381	–	-1.72%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-157,677	–	-1.88%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-434,727	–	-2.00%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-882,645	–	-2.11%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-1,129,711	–	-2.12%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-732,300	–	-2.38%	–
NTR	Exit	NUTRIEN LTD	$0	–	-1,100,979	–	-2.45%	–
FTS	Exit	FORTIS INC	$0	–	-1,084,728	–	-2.51%	–
SHOP	Exit	SHOPIFY INCcl a	$0	–	-50,051	–	-2.90%	–
TRP	Exit	TC ENERGY CORP	$0	–	-1,259,395	–	-3.00%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-677,721	–	-3.06%	–
CM	Exit	CANADIAN IMP BK COMM	$0	–	-731,950	–	-3.10%	–
BNS	Exit	BANK NOVA SCOTIA B C	$0	–	-1,344,570	–	-3.17%	–
TU	Exit	TELUS CORPORATION	$0	–	-3,192,547	–	-3.18%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-186,727	–	-3.22%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-973,293	–	-3.22%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-1,426,055	–	-3.74%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-967,649	–	-5.84%	–
RY	Exit	ROYAL BK CDA	$0	–	-1,590,622	–	-6.33%	–

Q3 2020

			Value		Shares		↓ Weighting
RY	Sell	ROYAL BK CDA	$111,329,000	-26.7%	1,590,622	-29.2%	6.33%	-8.2%
CNI	Sell	CANADIAN NATL RY CO	$102,731,000	-14.7%	967,649	-29.1%	5.84%	+6.9%
TD	Sell	TORONTO DOMINION BK ONT	$65,818,000	-31.1%	1,426,055	-33.6%	3.74%	-13.7%
BMO	Sell	BANK MONTREAL QUE	$56,718,000	-18.5%	973,293	-25.8%	3.22%	+2.0%
CP	Sell	CANADIAN PAC RY LTD	$56,623,000	-20.6%	186,727	-33.6%	3.22%	-0.5%
TU	Sell	TELUS CORPORATION	$56,000,000	-14.0%	3,192,547	-18.0%	3.18%	+7.8%
BNS	Sell	BANK NOVA SCOTIA B C	$55,685,000	-26.8%	1,344,570	-27.1%	3.17%	-8.3%
CM	Sell	CANADIAN IMP BK COMM	$54,539,000	+1.5%	731,950	-9.2%	3.10%	+27.2%
AEM	Sell	AGNICO EAGLE MINES LTD	$53,827,000	-9.4%	677,721	-27.2%	3.06%	+13.5%
TRP	Sell	TC ENERGY CORP	$52,705,000	-24.6%	1,259,395	-23.3%	3.00%	-5.6%
SHOP	Sell	SHOPIFY INCcl a	$51,023,000	-47.5%	50,051	-51.2%	2.90%	-34.2%
FTS	Sell	FORTIS INC	$44,209,000	-17.5%	1,084,728	-23.3%	2.51%	+3.3%
NTR	Sell	NUTRIEN LTD	$43,034,000	-4.4%	1,100,979	-21.7%	2.45%	+19.7%
QSR	Sell	RESTAURANT BRANDS INTL INC	$41,929,000	-16.8%	732,300	-21.2%	2.38%	+4.2%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$37,264,000	-47.9%	1,129,711	-48.2%	2.12%	-34.7%
OTEX	Sell	OPEN TEXT CORP	$37,189,000	-24.3%	882,645	-23.9%	2.11%	-5.2%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$35,243,000	+24.8%	434,727	-12.6%	2.00%	+56.4%
MSFT	Sell	MICROSOFT CORP	$33,164,000	-9.7%	157,677	-12.6%	1.88%	+13.1%
ENB	Sell	ENBRIDGE INC	$30,327,000	-43.6%	1,041,381	-41.3%	1.72%	-29.4%
STN	Sell	STANTEC INC	$29,508,000	-34.4%	974,907	-33.3%	1.68%	-17.8%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$29,161,000	+4.3%	531,743	+0.6%	1.66%	+30.7%
JNJ	Sell	JOHNSON & JOHNSON	$26,088,000	+5.3%	175,229	-0.5%	1.48%	+31.9%
PBA	Sell	PEMBINA PIPELINE CORP	$25,764,000	-28.9%	1,217,766	-16.3%	1.46%	-10.9%
CIGI	Buy	COLLIERS INTL GROUP INC	$25,670,000	+69.7%	386,695	+46.2%	1.46%	+112.7%
MFC	Sell	MANULIFE FINL CORP	$25,414,000	-41.3%	1,832,958	-42.6%	1.44%	-26.4%
MDLZ	Buy	MONDELEZ INTL INCcl a	$25,422,000	+13.3%	442,514	+0.8%	1.44%	+41.9%
PRMW	Sell	PRIMO WATER CORPORATION	$24,387,000	-15.1%	1,722,651	-17.9%	1.39%	+6.4%
KL	Buy	KIRKLAND LAKE GOLD LTD	$24,307,000	+33.6%	499,500	+12.6%	1.38%	+67.3%
NEE	Sell	NEXTERA ENERGY INC	$24,213,000	+14.5%	87,235	-1.0%	1.38%	+43.4%
GOLD	Sell	BARRICK GOLD CORP	$24,167,000	-41.1%	863,128	-43.6%	1.37%	-26.2%
GRPU	Buy	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$23,841,000	+13.8%	412,074	+1.2%	1.36%	+42.6%
CVS	Buy	CVS HEALTH CORP	$23,604,000	-9.9%	404,176	+0.2%	1.34%	+12.9%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$23,449,000	-5.6%	1,619,543	-16.0%	1.33%	+18.3%
TRI	Buy	THOMSON REUTERS CORP.	$21,666,000	+18.6%	272,350	+1.0%	1.23%	+48.6%
DE	Sell	DEERE & CO	$20,764,000	+40.2%	93,689	-0.6%	1.18%	+75.6%
SU	Sell	SUNCOR ENERGY INC NEW	$20,483,000	-58.0%	1,682,695	-42.1%	1.16%	-47.4%
MDT	Buy	MEDTRONIC PLC	$20,414,000	+36.4%	196,436	+20.4%	1.16%	+71.0%
SLF	Sell	SUN LIFE FINANCIAL INC.	$20,184,000	-31.9%	496,892	-38.6%	1.15%	-14.7%
FNV	Sell	FRANCO NEV CORP	$19,794,000	-45.5%	142,095	-45.5%	1.12%	-31.7%
APH	Buy	AMPHENOL CORP NEWcl a	$19,508,000	+19.8%	180,176	+6.0%	1.11%	+50.1%
ROST	Buy	ROSS STORES INC	$18,585,000	+33.6%	199,157	+22.0%	1.06%	+67.5%
V	Buy	VISA INC	$18,470,000	+16.4%	92,363	+12.4%	1.05%	+45.8%
WCN	Sell	WASTE CONNECTIONS INC	$18,332,000	-22.1%	176,926	-29.8%	1.04%	-2.4%
CB	Buy	CHUBB LIMITED	$16,814,000	+4.4%	144,796	+13.8%	0.96%	+30.8%
BAP	Buy	CREDICORP LTD	$16,795,000	+8.3%	135,452	+16.8%	0.96%	+35.7%
DSGX	Sell	DESCARTES SYS GROUP INC	$12,566,000	-38.2%	221,286	-42.8%	0.71%	-22.6%
GDX	Sell	VANECK VECTORS ETF TRgold miners etf	$12,111,000	-23.5%	309,282	-28.3%	0.69%	-4.0%
GIB	Sell	CGI INCcl a sub vtg	$11,516,000	-36.6%	170,198	-41.1%	0.66%	-20.5%
SSRM	Sell	SSR MNG INC	$11,300,000	-23.0%	607,377	-12.1%	0.64%	-3.6%
CNQ	Sell	CANADIAN NAT RES LTD	$10,668,000	-14.8%	667,756	-7.8%	0.61%	+6.7%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$9,862,000	-33.3%	542,085	-40.4%	0.56%	-16.4%
GOOS	Sell	CANADA GOOSE HLDGS INC	$9,160,000	-40.7%	286,082	-57.1%	0.52%	-25.7%
MGA	Sell	MAGNA INTL INC	$8,214,000	-38.5%	180,074	-40.2%	0.47%	-22.9%
SNY	Buy	SANOFIsponsored adr	$8,180,000	-0.8%	163,042	+1.0%	0.46%	+24.3%
TSLA	Buy	TESLA INC	$7,008,000	+57.1%	16,335	+295.5%	0.40%	+97.0%
ADI	Sell	ANALOG DEVICES INC	$4,491,000	-5.6%	38,470	-0.8%	0.26%	+18.1%
BCE	Buy	BCE INC	$3,884,000	+3.2%	93,948	+3.7%	0.22%	+29.2%
AAPL	Buy	APPLE INC	$2,676,000	+26.6%	23,110	+298.8%	0.15%	+58.3%
DIS	Sell	DISNEY WALT CO	$2,423,000	+7.9%	19,530	-3.0%	0.14%	+35.3%
VZ	Sell	VERIZON COMMUNICATIONS INC	$2,343,000	+3.9%	39,389	-3.7%	0.13%	+30.4%
BR	Sell	BROADRIDGE FINL SOLUTIONS IN	$2,269,000	+1.1%	17,190	-3.3%	0.13%	+26.5%
BAC	Buy	BK OF AMERICA CORP	$1,172,000	+46.1%	48,650	+44.1%	0.07%	+86.1%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$1,133,000	-92.5%	28,651	-92.4%	0.06%	-90.6%
SHV	Sell	ISHARES TRshort treas bd	$1,041,000	-10.5%	9,406	-10.5%	0.06%	+11.3%
JPM	Buy	JPMORGAN CHASE & CO	$995,000	+72.4%	10,331	+68.5%	0.06%	+119.2%
LQD	Buy	ISHARES TRiboxx inv cp etf	$919,000	+23.7%	6,825	+23.5%	0.05%	+52.9%
BGB	Sell	BLACKSTONE GSO STRATEGIC CR	$866,000	+4.8%	70,881	-2.0%	0.05%	+32.4%
WPM	Buy	WHEATON PRECIOUS METALS CORP	$823,000	+31.3%	16,831	+17.7%	0.05%	+67.9%
PXH	Sell	INVESCO EXCH TRADED FD TR IIftse rafi emng	$820,000	-9.1%	46,705	-10.5%	0.05%	+14.6%
MAA	Sell	MID-AMER APT CMNTYS INC	$779,000	-94.2%	6,720	-94.3%	0.04%	-92.8%
	Buy	BRP INC	$541,000	+27.0%	10,278	+2.5%	0.03%	+63.2%
SBUX	Sell	STARBUCKS CORP	$466,000	-96.0%	5,427	-96.6%	0.03%	-95.1%
PHYS	New	SPROTT PHYSICAL GOLD TRunit	$380,000	–	25,351	–	0.02%	–
OR	Buy	OSISKO GOLD ROYALTIES LTD	$392,000	+21.4%	33,209	+2.5%	0.02%	+46.7%
MTN	Sell	VAIL RESORTS INC	$365,000	-26.0%	1,706	-37.0%	0.02%	-4.5%
AGG	Sell	ISHARES TRcore us aggbd et	$376,000	-44.7%	3,185	-44.7%	0.02%	-32.3%
	New	LIGHTSPEED POS INC	$348,000	–	10,881	–	0.02%	–
FDX	New	FEDEX CORP	$334,000	–	1,326	–	0.02%	–
PXF	Buy	INVESCO EXCH TRADED FD TR IIftse rafi dev	$312,000	+3.3%	8,807	+0.9%	0.02%	+28.6%
ACWI	New	ISHARES TRmsci acwi etf	$298,000	–	3,729	–	0.02%	–
RELX	New	RELX PLCsponsored adr	$291,000	–	13,018	–	0.02%	–
NFLX	Sell	NETFLIX INC	$282,000	+8.0%	564	-1.7%	0.02%	+33.3%
RTX	Sell	RAYTHEON TECHNOLOGIES CORP	$287,000	-13.0%	4,980	-7.0%	0.02%	+6.7%
COST	Buy	COSTCO WHSL CORP NEW	$257,000	+20.1%	723	+2.4%	0.02%	+50.0%
CRL	New	CHARLES RIV LABS INTL INC	$226,000	–	1,000	–	0.01%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,441	–	-0.01%	–
T	Exit	AT&T INC	$0	–	-6,986	–	-0.01%	–
SLQD	Exit	ISHARES TR0-5yr invt gr cp	$0	–	-4,799	–	-0.01%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-10,420	–	-0.01%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-2,675	–	-0.02%	–

Q2 2020

			Value		Shares		↓ Weighting
RY	New	ROYAL BK CDA	$151,873,000	–	2,245,702	–	6.89%	–
CNI	New	CANADIAN NATL RY CO	$120,374,000	–	1,364,994	–	5.46%	–
SHOP	New	SHOPIFY INCcl a	$97,220,000	–	102,665	–	4.41%	–
TD	New	TORONTO DOMINION BK ONT	$95,550,000	–	2,147,862	–	4.34%	–
BNS	New	BANK NOVA SCOTIA B C	$76,121,000	–	1,845,446	–	3.45%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$71,482,000	–	2,179,017	–	3.24%	–
CP	New	CANADIAN PAC RY LTD	$71,289,000	–	281,174	–	3.24%	–
TRP	New	TC ENERGY CORP	$69,939,000	–	1,642,369	–	3.17%	–
BMO	New	BANK MONTREAL QUE	$69,633,000	–	1,312,494	–	3.16%	–
TU	New	TELUS CORPORATION	$65,113,000	–	3,894,742	–	2.95%	–
AEM	New	AGNICO EAGLE MINES LTD	$59,399,000	–	930,646	–	2.70%	–
ENB	New	ENBRIDGE INC	$53,813,000	–	1,775,513	–	2.44%	–
CM	New	CANADIAN IMP BK COMM	$53,728,000	–	806,456	–	2.44%	–
FTS	New	FORTIS INC	$53,599,000	–	1,413,930	–	2.43%	–
QSR	New	RESTAURANT BRANDS INTL INC	$50,418,000	–	929,337	–	2.29%	–
OTEX	New	OPEN TEXT CORP	$49,123,000	–	1,160,559	–	2.23%	–
SU	New	SUNCOR ENERGY INC NEW	$48,811,000	–	2,904,342	–	2.22%	–
NTR	New	NUTRIEN LTD	$45,038,000	–	1,406,282	–	2.04%	–
STN	New	STANTEC INC	$45,008,000	–	1,462,693	–	2.04%	–
MFC	New	MANULIFE FINL CORP	$43,286,000	–	3,191,983	–	1.96%	–
GOLD	New	BARRICK GOLD CORPORATION	$41,041,000	–	1,530,208	–	1.86%	–
MSFT	New	MICROSOFT CORP	$36,714,000	–	180,404	–	1.67%	–
FNV	New	FRANCO NEV CORP	$36,328,000	–	260,895	–	1.65%	–
PBA	New	PEMBINA PIPELINE CORP	$36,242,000	–	1,454,396	–	1.64%	–
SLF	New	SUN LIFE FINANCIAL INC.	$29,621,000	–	808,651	–	1.34%	–
PRMW	New	PRIMO WATER CORPORATION	$28,718,000	–	2,099,499	–	1.30%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$28,236,000	–	497,369	–	1.28%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$27,969,000	–	528,817	–	1.27%	–
CVS	New	CVS HEALTH CORP	$26,197,000	–	403,217	–	1.19%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$24,843,000	–	1,928,010	–	1.13%	–
JNJ	New	JOHNSON & JOHNSON	$24,768,000	–	176,121	–	1.12%	–
WCN	New	WASTE CONNECTIONS INC	$23,541,000	–	252,084	–	1.07%	–
MDLZ	New	MONDELEZ INTL INCcl a	$22,442,000	–	438,913	–	1.02%	–
NEE	New	NEXTERA ENERGY INC	$21,155,000	–	88,082	–	0.96%	–
GRPU	New	GRANITE REAL ESTATE INVT TRunit 99/99/9999	$20,948,000	–	407,232	–	0.95%	–
DSGX	New	DESCARTES SYS GROUP INC	$20,348,000	–	386,696	–	0.92%	–
TRI	New	THOMSON REUTERS CORP.	$18,263,000	–	269,664	–	0.83%	–
KL	New	KIRKLAND LAKE GOLD LTD	$18,200,000	–	443,444	–	0.83%	–
GIB	New	CGI INCcl a sub vtg	$18,161,000	–	289,201	–	0.82%	–
APH	New	AMPHENOL CORP NEWcl a	$16,279,000	–	169,913	–	0.74%	–
CB	New	CHUBB LIMITED	$16,106,000	–	127,198	–	0.73%	–
V	New	VISA INC	$15,869,000	–	82,152	–	0.72%	–
GDX	New	VANECK VECTORS ETF TRgold miners etf	$15,831,000	–	431,587	–	0.72%	–
BAP	New	CREDICORP LTD	$15,507,000	–	116,009	–	0.70%	–
GOOS	New	CANADA GOOSE HLDGS INC	$15,440,000	–	667,179	–	0.70%	–
CIGI	New	COLLIERS INTL GROUP INC	$15,129,000	–	264,508	–	0.69%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$15,044,000	–	375,618	–	0.68%	–
MDT	New	MEDTRONIC PLC	$14,965,000	–	163,194	–	0.68%	–
DE	New	DEERE & CO	$14,811,000	–	94,249	–	0.67%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$14,783,000	–	909,438	–	0.67%	–
SSRM	New	SSR MNG INC	$14,669,000	–	690,596	–	0.67%	–
ROST	New	ROSS STORES INC	$13,914,000	–	163,237	–	0.63%	–
MAA	New	MID-AMER APT CMNTYS INC	$13,499,000	–	117,722	–	0.61%	–
MGA	New	MAGNA INTL INC	$13,356,000	–	300,885	–	0.61%	–
CNQ	New	CANADIAN NAT RES LTD	$12,524,000	–	724,314	–	0.57%	–
SBUX	New	STARBUCKS CORP	$11,758,000	–	159,771	–	0.53%	–
SNY	New	SANOFIsponsored adr	$8,244,000	–	161,492	–	0.37%	–
ADI	New	ANALOG DEVICES INC	$4,758,000	–	38,794	–	0.22%	–
TSLA	New	TESLA INC	$4,460,000	–	4,130	–	0.20%	–
BCE	New	BCE INC	$3,765,000	–	90,565	–	0.17%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,904,000	–	16,270	–	0.13%	–
GLD	New	SPDR GOLD TR	$2,343,000	–	14,000	–	0.11%	–
VZ	New	VERIZON COMMUNICATIONS INC	$2,254,000	–	40,884	–	0.10%	–
DIS	New	DISNEY WALT CO	$2,245,000	–	20,136	–	0.10%	–
BR	New	BROADRIDGE FINL SOLUTIONS IN	$2,244,000	–	17,784	–	0.10%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$2,138,000	–	8	–	0.10%	–
AAPL	New	APPLE INC	$2,114,000	–	5,795	–	0.10%	–
CCJ	New	CAMECO CORP	$1,743,000	–	170,535	–	0.08%	–
AIG	New	AMERICAN INTL GROUP INC	$1,368,000	–	43,875	–	0.06%	–
GOOGL	New	ALPHABET INCcap stk cl a	$1,187,000	–	837	–	0.05%	–
SHV	New	ISHARES TRshort treas bd	$1,163,000	–	10,506	–	0.05%	–
PXH	New	INVESCO EXCH TRADED FD TR IIftse rafi emng	$902,000	–	52,161	–	0.04%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$826,000	–	72,331	–	0.04%	–
BAC	New	BK OF AMERICA CORP	$802,000	–	33,750	–	0.04%	–
C	New	CITIGROUP INC	$767,000	–	15,000	–	0.04%	–
GILD	New	GILEAD SCIENCES INC	$777,000	–	10,101	–	0.04%	–
GOOG	New	ALPHABET INCcap stk cl c	$769,000	–	544	–	0.04%	–
LQD	New	ISHARES TRiboxx inv cp etf	$743,000	–	5,525	–	0.03%	–
MU	New	MICRON TECHNOLOGY INC	$706,000	–	13,700	–	0.03%	–
CMCSA	New	COMCAST CORP NEWcl a	$702,000	–	18,000	–	0.03%	–
AGG	New	ISHARES TRcore us aggbd et	$680,000	–	5,763	–	0.03%	–
WPM	New	WHEATON PRECIOUS METALS CORP	$627,000	–	14,304	–	0.03%	–
JPM	New	JPMORGAN CHASE & CO	$577,000	–	6,131	–	0.03%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$541,000	–	2,675	–	0.02%	–
VOO	New	VANGUARD INDEX FDS	$498,000	–	1,758	–	0.02%	–
MTN	New	VAIL RESORTS INC	$493,000	–	2,709	–	0.02%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$470,000	–	3,888	–	0.02%	–
KSU	New	KANSAS CITY SOUTHERN	$438,000	–	2,935	–	0.02%	–
	New	BRP INC	$426,000	–	10,032	–	0.02%	–
NEM	New	NEWMONT CORP	$406,000	–	6,595	–	0.02%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$371,000	–	3,425	–	0.02%	–
XOM	New	EXXON MOBIL CORP	$358,000	–	8,000	–	0.02%	–
RTX	New	RAYTHEON TECHNOLOGIES CORP	$330,000	–	5,352	–	0.02%	–
OR	New	OSISKO GOLD ROYALTIES LTD	$323,000	–	32,412	–	0.02%	–
ORCL	New	ORACLE CORP	$310,000	–	5,615	–	0.01%	–
PXF	New	INVESCO EXCH TRADED FD TR IIftse rafi dev	$302,000	–	8,732	–	0.01%	–
MBB	New	ISHARES TRmbs etf	$288,000	–	2,600	–	0.01%	–
PFE	New	PFIZER INC	$282,000	–	8,629	–	0.01%	–
DLTR	New	DOLLAR TREE INC	$279,000	–	3,010	–	0.01%	–
NFLX	New	NETFLIX INC	$261,000	–	574	–	0.01%	–
WFC	New	WELLS FARGO CO NEW	$267,000	–	10,420	–	0.01%	–
SLQD	New	ISHARES TR0-5yr invt gr cp	$250,000	–	4,799	–	0.01%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$250,000	–	1,430	–	0.01%	–
T	New	AT&T INC	$211,000	–	6,986	–	0.01%	–
COST	New	COSTCO WHSL CORP NEW	$214,000	–	706	–	0.01%	–
GD	New	GENERAL DYNAMICS CORP	$215,000	–	1,441	–	0.01%	–
SWN	New	SOUTHWESTERN ENERGY CO	$154,000	–	60,000	–	0.01%	–
AIGWS	New	AMERICAN INTL GROUP INC*w exp 01/19/202	$140,000	–	100,000	–	0.01%	–

Q4 2019

			Value		Shares		↓ Weighting
AIGWS	Exit	AMERICAN INTL GROUP INC*w exp 01/19/202	$0	–	-100,000	–	0.00%	–
EQT	Exit	EQT CORP	$0	–	-10,000	–	-0.01%	–
SWN	Exit	SOUTHWESTERN ENERGY CO	$0	–	-60,000	–	-0.01%	–
SYK	Exit	STRYKER CORP	$0	–	-975	–	-0.01%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-9,000	–	-0.01%	–
NEM	Exit	NEWMONT GOLDCORP CORPORATION	$0	–	-6,595	–	-0.01%	–
STZ	Exit	CONSTELLATION BRANDS INCcl a	$0	–	-1,245	–	-0.01%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-7,224	–	-0.01%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,441	–	-0.01%	–
VWO	Exit	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$0	–	-6,483	–	-0.01%	–
OR	Exit	OSISKO GOLD ROYALTIES LTD	$0	–	-32,079	–	-0.01%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-3,355	–	-0.02%	–
CIGI	Exit	COLLIERS INTL GROUP INC	$0	–	-4,340	–	-0.02%	–
PEP	Exit	PEPSICO INC	$0	–	-2,378	–	-0.02%	–
PRFZ	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$0	–	-2,716	–	-0.02%	–
DLTR	Exit	DOLLAR TREE INC	$0	–	-3,010	–	-0.02%	–
KSU	Exit	KANSAS CITY SOUTHERN	$0	–	-2,935	–	-0.02%	–
SNY	Exit	SANOFIsponsored adr	$0	–	-9,236	–	-0.02%	–
WFC	Exit	WELLS FARGO CO NEW	$0	–	-8,520	–	-0.02%	–
WPM	Exit	WHEATON PRECIOUS METALS CORP	$0	–	-17,372	–	-0.02%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-30,483	–	-0.02%	–
VUG	Exit	VANGUARD INDEX FDSgrowth etf	$0	–	-2,770	–	-0.02%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-3,310	–	-0.02%	–
ACB	Exit	AURORA CANNABIS INC	$0	–	-109,728	–	-0.02%	–
ORCL	Exit	ORACLE CORP	$0	–	-8,675	–	-0.02%	–
ACA	Exit	ARCOSA INC	$0	–	-16,100	–	-0.03%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-10,785	–	-0.03%	–
MU	Exit	MICRON TECHNOLOGY INC	$0	–	-13,700	–	-0.03%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-7,360	–	-0.03%	–
CHK	Exit	CHESAPEAKE ENERGY CORP	$0	–	-478,000	–	-0.03%	–
MDLZ	Exit	MONDELEZ INTL INCcl a	$0	–	-13,423	–	-0.04%	–
EZU	Exit	ISHARES INCmsci eurzone etf	$0	–	-19,544	–	-0.04%	–
FCX	Exit	FREEPORT-MCMORAN INCcl b	$0	–	-80,000	–	-0.04%	–
BABA	Exit	ALIBABA GROUP HLDG LTDsponsored ads	$0	–	-4,692	–	-0.04%	–
VB	Exit	VANGUARD INDEX FDSsmall cp etf	$0	–	-5,046	–	-0.04%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-723	–	-0.04%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-721	–	-0.04%	–
TRN	Exit	TRINITY INDS INC	$0	–	-48,300	–	-0.05%	–
SLQD	Exit	ISHARES TR0-5yr invt gr cp	$0	–	-18,487	–	-0.05%	–
BCE	Exit	BCE INC	$0	–	-19,913	–	-0.05%	–
BAC	Exit	BANK AMER CORP	$0	–	-33,750	–	-0.05%	–
XOM	Exit	EXXON MOBIL CORP	$0	–	-14,490	–	-0.05%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-22,932	–	-0.05%	–
C	Exit	CITIGROUP INC	$0	–	-15,000	–	-0.05%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-9,140	–	-0.05%	–
VEA	Exit	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$0	–	-26,846	–	-0.05%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-10,758	–	-0.06%	–
DIS	Exit	DISNEY WALT CO	$0	–	-9,181	–	-0.06%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-14,003	–	-0.06%	–
TSLA	Exit	TESLA INC	$0	–	-5,613	–	-0.06%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-70,855	–	-0.07%	–
AAPL	Exit	APPLE INC	$0	–	-6,162	–	-0.07%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-12,429	–	-0.07%	–
EWJ	Exit	ISHARES INCmsci jpn etf new	$0	–	-25,125	–	-0.07%	–
VZ	Exit	VERIZON COMMUNICATIONS INC	$0	–	-24,109	–	-0.07%	–
CCJ	Exit	CAMECO CORP	$0	–	-174,219	–	-0.08%	–
PFE	Exit	PFIZER INC	$0	–	-46,971	–	-0.08%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-6,559	–	-0.09%	–
EW	Exit	EDWARDS LIFESCIENCES CORP	$0	–	-9,004	–	-0.10%	–
BRKB	Exit	BERKSHIRE HATHAWAY INC DELcl b new	$0	–	-10,730	–	-0.11%	–
MA	Exit	MASTERCARD INCcl a	$0	–	-8,257	–	-0.11%	–
V	Exit	VISA INC	$0	–	-13,174	–	-0.11%	–
AIG	Exit	AMERICAN INTL GROUP INC	$0	–	-43,875	–	-0.12%	–
AMZN	Exit	AMAZON COM INC	$0	–	-1,433	–	-0.12%	–
BRKA	Exit	BERKSHIRE HATHAWAY INC DELcl a	$0	–	-8	–	-0.12%	–
CAE	Exit	CAE INC	$0	–	-147,162	–	-0.18%	–
GLD	Exit	SPDR GOLD TRUST	$0	–	-28,000	–	-0.19%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-61,434	–	-0.20%	–
PXF	Exit	INVESCO EXCHNG TRADED FD TRftse rafi dev	$0	–	-110,034	–	-0.21%	–
MEOH	Exit	METHANEX CORP	$0	–	-129,900	–	-0.22%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-20,986	–	-0.23%	–
PXH	Exit	INVESCO EXCHNG TRADED FD TRftse rafi emng	$0	–	-245,838	–	-0.24%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-63,005	–	-0.36%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-458,378	–	-0.36%	–
APH	Exit	AMPHENOL CORP NEWcl a	$0	–	-131,883	–	-0.62%	–
GDX	Exit	VANECK VECTORS ETF TRgold miners etf	$0	–	-526,169	–	-0.68%	–
PSX	Exit	PHILLIPS 66	$0	–	-165,702	–	-0.82%	–
COT	Exit	COTT CORP QUE	$0	–	-1,431,988	–	-0.86%	–
MGA	Exit	MAGNA INTL INC	$0	–	-354,139	–	-0.91%	–
STN	Exit	STANTEC INC	$0	–	-854,733	–	-0.92%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-72,273	–	-1.01%	–
DE	Exit	DEERE & CO	$0	–	-128,647	–	-1.05%	–
USB	Exit	US BANCORP DEL	$0	–	-399,928	–	-1.07%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-240,994	–	-1.07%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$0	–	-483,719	–	-1.09%	–
GIB	Exit	CGI INCcl a sub vtg	$0	–	-287,956	–	-1.10%	–
FNV	Exit	FRANCO NEVADA CORP	$0	–	-267,746	–	-1.18%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-296,079	–	-1.18%	–
MAA	Exit	MID AMER APT CMNTYS INC	$0	–	-188,057	–	-1.18%	–
CB	Exit	CHUBB LIMITED	$0	–	-153,935	–	-1.20%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-229,475	–	-1.21%	–
ROST	Exit	ROSS STORES INC	$0	–	-227,982	–	-1.21%	–
BAP	Exit	CREDICORP LTD	$0	–	-121,180	–	-1.22%	–
RTN	Exit	RAYTHEON CO	$0	–	-133,357	–	-1.27%	–
GOOS	Exit	CANADA GOOSE HOLDINGS INC	$0	–	-608,839	–	-1.30%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-210,116	–	-1.32%	–
QSR	Exit	RESTAURANT BRANDS INTL INC	$0	–	-383,800	–	-1.32%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-483,762	–	-1.48%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-133,320	–	-1.50%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-737,747	–	-1.60%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-705,009	–	-1.66%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-774,519	–	-1.67%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-657,341	–	-1.69%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-268,020	–	-1.80%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-1,635,048	–	-2.11%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-1,079,421	–	-2.13%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-3,257,134	–	-2.16%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-225,667	–	-2.43%	–
TU	Exit	TELUS CORP	$0	–	-1,474,018	–	-2.54%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-1,071,244	–	-2.78%	–
FTS	Exit	FORTIS INC	$0	–	-1,368,553	–	-2.80%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,691,901	–	-2.87%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-829,301	–	-2.96%	–
NTR	Exit	NUTRIEN LTD	$0	–	-1,243,696	–	-3.00%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-3,601,116	–	-3.20%	–
TRP	Exit	TC ENERGY CORP	$0	–	-1,408,400	–	-3.53%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-843,185	–	-3.66%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-1,586,135	–	-4.36%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-2,975,790	–	-4.54%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-1,718,184	–	-6.75%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-2,464,555	–	-6.96%	–

Q3 2019

			Value		Shares		↓ Weighting
TD	Buy	TORONTO DOMINION BK ONT	$143,797,000	+0.4%	2,464,555	+0.7%	6.96%	-4.4%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$139,466,000	+2.7%	1,718,184	+0.8%	6.75%	-2.1%
SU	Buy	SUNCOR ENERGY INC NEW	$93,926,000	+4.7%	2,975,790	+3.7%	4.54%	-0.3%
BNS	Buy	BANK N S HALIFAX	$90,148,000	+6.9%	1,586,135	+1.3%	4.36%	+1.9%
CNI	Sell	CANADIAN NATL RY CO	$75,759,000	-3.2%	843,185	-0.1%	3.66%	-7.8%
TRP	Sell	TC ENERGY CORP	$72,973,000	+4.0%	1,408,400	-0.3%	3.53%	-1.0%
MFC	Buy	MANULIFE FINL CORP	$66,093,000	+1.3%	3,601,116	+0.5%	3.20%	-3.5%
NTR	Sell	NUTRIEN LTD	$61,997,000	-7.5%	1,243,696	-0.5%	3.00%	-11.9%
BMO	Buy	BANK MONTREAL QUE	$61,120,000	-2.1%	829,301	+0.6%	2.96%	-6.7%
ENB	Buy	ENBRIDGE INC	$59,421,000	-2.7%	1,691,901	+0.3%	2.87%	-7.3%
FTS	Buy	FORTIS INC	$57,895,000	+21.7%	1,368,553	+13.9%	2.80%	+16.0%
AEM	Sell	AGNICO EAGLE MINES LTD	$57,446,000	+4.3%	1,071,244	-0.1%	2.78%	-0.6%
TU	Sell	TELUS CORP	$52,492,000	-4.7%	1,474,018	-0.8%	2.54%	-9.2%
CP	Buy	CANADIAN PAC RY LTD	$50,182,000	-3.1%	225,667	+2.9%	2.43%	-7.7%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$44,626,000	+12.1%	3,257,134	-0.6%	2.16%	+6.8%
OTEX	Buy	OPEN TEXT CORP	$44,057,000	+38.4%	1,079,421	+40.3%	2.13%	+31.9%
CNQ	Buy	CANADIAN NAT RES LTD	$43,531,000	-0.5%	1,635,048	+1.0%	2.11%	-5.2%
MSFT	Sell	MICROSOFT CORP	$37,263,000	+2.3%	268,020	-1.4%	1.80%	-2.5%
BAM	Buy	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$34,927,000	+45.7%	657,341	+31.5%	1.69%	+38.9%
AZN	Buy	ASTRAZENECA PLCsponsored adr	$34,520,000	+8.3%	774,519	+0.3%	1.67%	+3.2%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$34,361,000	-7.6%	705,009	+1.7%	1.66%	-12.0%
SLF	Buy	SUN LIFE FINL INC	$33,009,000	+8.8%	737,747	+1.0%	1.60%	+3.7%
NEE	Sell	NEXTERA ENERGY INC	$31,062,000	-5.3%	133,320	-16.8%	1.50%	-9.8%
CVS	Buy	CVS HEALTH CORP	$30,511,000	+27.9%	483,762	+10.5%	1.48%	+21.8%
QSR	Sell	RESTAURANT BRANDS INTL INC	$27,307,000	-8.1%	383,800	-10.0%	1.32%	-12.5%
JNJ	Buy	JOHNSON & JOHNSON	$27,185,000	-6.6%	210,116	+0.6%	1.32%	-11.0%
GOOS	Buy	CANADA GOOSE HOLDINGS INC	$26,786,000	+38.5%	608,839	+22.1%	1.30%	+31.8%
RTN	Sell	RAYTHEON CO	$26,163,000	+12.2%	133,357	-0.6%	1.27%	+6.9%
BAP	Buy	CREDICORP LTD	$25,259,000	-8.9%	121,180	+0.1%	1.22%	-13.2%
ROST	Sell	ROSS STORES INC	$25,044,000	+9.6%	227,982	-1.1%	1.21%	+4.4%
MDT	Buy	MEDTRONIC PLC	$24,926,000	+13.2%	229,475	+1.5%	1.21%	+7.8%
CB	Buy	CHUBB LIMITED	$24,851,000	+10.9%	153,935	+1.2%	1.20%	+5.6%
MAA	Sell	MID AMER APT CMNTYS INC	$24,449,000	+0.3%	188,057	-9.1%	1.18%	-4.4%
CM	Buy	CDN IMPERIAL BK COMM TORONTO	$24,444,000	+10.2%	296,079	+5.2%	1.18%	+5.0%
FNV	Buy	FRANCO NEVADA CORP	$24,413,000	+35.2%	267,746	+26.1%	1.18%	+28.8%
GIB	Buy	CGI INCcl a sub vtg	$22,784,000	+8.0%	287,956	+5.2%	1.10%	+2.9%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$22,483,000	+21.7%	483,719	+2.5%	1.09%	+16.0%
WCN	Buy	WASTE CONNECTIONS INC	$22,154,000	-3.7%	240,994	+0.3%	1.07%	-8.2%
USB	Buy	US BANCORP DEL	$22,132,000	+8.1%	399,928	+2.3%	1.07%	+3.0%
DE	Buy	DEERE & CO	$21,700,000	+3.3%	128,647	+1.5%	1.05%	-1.6%
COST	Buy	COSTCO WHSL CORP NEW	$20,823,000	+21.3%	72,273	+11.3%	1.01%	+15.6%
STN	Buy	STANTEC INC	$18,928,000	-7.3%	854,733	+0.7%	0.92%	-11.7%
MGA	Buy	MAGNA INTL INC	$18,889,000	+9.6%	354,139	+2.5%	0.91%	+4.5%
COT	Sell	COTT CORP QUE	$17,867,000	-30.1%	1,431,988	-25.1%	0.86%	-33.5%
PSX	Sell	PHILLIPS 66	$16,968,000	-23.8%	165,702	-30.4%	0.82%	-27.3%
GDX	New	VANECK VECTORS ETF TRgold miners etf	$14,054,000	–	526,169	–	0.68%	–
APH	Sell	AMPHENOL CORP NEWcl a	$12,727,000	-36.4%	131,883	-36.8%	0.62%	-39.4%
PRF	Buy	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$7,426,000	+1859.4%	63,005	+1839.2%	0.36%	+1789.5%
PXH	Buy	INVESCO EXCHNG TRADED FD TRftse rafi emng	$4,936,000	+877.4%	245,838	+951.8%	0.24%	+819.2%
MTN	Sell	VAIL RESORTS INC	$4,776,000	-6.1%	20,986	-7.9%	0.23%	-10.5%
PXF	Buy	INVESCO EXCHNG TRADED FD TRftse rafi dev	$4,363,000	+1458.2%	110,034	+1497.2%	0.21%	+1407.1%
TRI	Sell	THOMSON REUTERS CORP	$4,109,000	-23.7%	61,434	-26.2%	0.20%	-27.1%
GLD	Buy	SPDR GOLD TRUST	$3,888,000	+44.5%	28,000	+38.6%	0.19%	+37.2%
CAE	Sell	CAE INC	$3,741,000	-11.2%	147,162	-5.9%	0.18%	-15.4%
AMZN	New	AMAZON COM INC	$2,488,000	–	1,433	–	0.12%	–
AIG	Sell	AMERICAN INTL GROUP INC	$2,444,000	-21.6%	43,875	-25.0%	0.12%	-25.3%
V	New	VISA INC	$2,266,000	–	13,174	–	0.11%	–
MA	New	MASTERCARD INCcl a	$2,242,000	–	8,257	–	0.11%	–
EW	New	EDWARDS LIFESCIENCES CORP	$1,980,000	–	9,004	–	0.10%	–
VOO	Buy	VANGUARD INDEX FDS	$1,788,000	+314.8%	6,559	+309.2%	0.09%	+290.9%
PFE	New	PFIZER INC	$1,688,000	–	46,971	–	0.08%	–
CCJ	Buy	CAMECO CORP	$1,655,000	-10.6%	174,219	+1.1%	0.08%	-14.9%
VZ	Buy	VERIZON COMMUNICATIONS INC	$1,455,000	+47.7%	24,109	+39.9%	0.07%	+40.0%
EWJ	New	ISHARES INCmsci jpn etf new	$1,426,000	–	25,125	–	0.07%	–
AGG	Buy	ISHARES TRcore us aggbd et	$1,406,000	+149.3%	12,429	+145.5%	0.07%	+134.5%
AAPL	Buy	APPLE INC	$1,380,000	+51.3%	6,162	+33.7%	0.07%	+45.7%
SJR	Buy	SHAW COMMUNICATIONS INCcl b conv	$1,393,000	-1.2%	70,855	+2.7%	0.07%	-6.9%
SBUX	Sell	STARBUCKS CORP	$1,238,000	-9.7%	14,003	-14.4%	0.06%	-14.3%
DIS	Buy	DISNEY WALT CO	$1,196,000	-2.0%	9,181	+5.0%	0.06%	-6.5%
SHV	Buy	ISHARES TRshort treas bd	$1,190,000	+14.9%	10,758	+14.9%	0.06%	+9.4%
VEA	New	VANGUARD TAX MANAGED INTL FDftse dev mkt etf	$1,103,000	–	26,846	–	0.05%	–
JPM	New	JPMORGAN CHASE & CO	$1,076,000	–	9,140	–	0.05%	–
C	Sell	CITIGROUP INC	$1,036,000	-26.1%	15,000	-25.0%	0.05%	-29.6%
CMCSA	Buy	COMCAST CORP NEWcl a	$1,034,000	+19.5%	22,932	+12.1%	0.05%	+13.6%
BAC	Sell	BANK AMER CORP	$984,000	-24.6%	33,750	-25.0%	0.05%	-27.3%
BCE	Buy	BCE INC	$964,000	+7.2%	19,913	+0.9%	0.05%	+2.2%
SLQD	Buy	ISHARES TR0-5yr invt gr cp	$945,000	+285.7%	18,487	+285.2%	0.05%	+283.3%
TRN	New	TRINITY INDS INC	$951,000	–	48,300	–	0.05%	–
GOOGL	Buy	ALPHABET INCcap stk cl a	$880,000	+51.7%	721	+34.5%	0.04%	+48.3%
GOOG	Buy	ALPHABET INCcap stk cl c	$881,000	+44.2%	723	+28.0%	0.04%	+38.7%
BABA	New	ALIBABA GROUP HLDG LTDsponsored ads	$785,000	–	4,692	–	0.04%	–
VB	New	VANGUARD INDEX FDSsmall cp etf	$777,000	–	5,046	–	0.04%	–
EZU	New	ISHARES INCmsci eurzone etf	$760,000	–	19,544	–	0.04%	–
MDLZ	New	MONDELEZ INTL INCcl a	$743,000	–	13,423	–	0.04%	–
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$578,000	–	10,785	–	0.03%	–
ACA	New	ARCOSA INC	$551,000	–	16,100	–	0.03%	–
ORCL	New	ORACLE CORP	$477,000	–	8,675	–	0.02%	–
ACB	New	AURORA CANNABIS INC	$482,000	–	109,728	–	0.02%	–
IBM	Sell	INTERNATIONAL BUSINESS MACHS	$481,000	-34.3%	3,310	-37.7%	0.02%	-37.8%
WPM	New	WHEATON PRECIOUS METALS CORP	$456,000	–	17,372	–	0.02%	–
BGB	Sell	BLACKSTONE GSO STRATEGIC CR	$445,000	-2.6%	30,483	-2.1%	0.02%	-4.3%
WFC	Sell	WELLS FARGO CO NEW	$430,000	-17.5%	8,520	-22.7%	0.02%	-19.2%
SNY	Buy	SANOFIsponsored adr	$428,000	+33.3%	9,236	+24.5%	0.02%	+31.2%
KSU	New	KANSAS CITY SOUTHERN	$390,000	–	2,935	–	0.02%	–
PRFZ	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1500	$345,000	–	2,716	–	0.02%	–
DLTR	New	DOLLAR TREE INC	$344,000	–	3,010	–	0.02%	–
CIGI	Buy	COLLIERS INTL GROUP INC	$326,000	+56.7%	4,340	+49.5%	0.02%	+45.5%
PEP	Buy	PEPSICO INC	$326,000	+35.8%	2,378	+29.7%	0.02%	+33.3%
FMX	Buy	FOMENTO ECONOMICO MEXICANO Sspon adr units	$307,000	+8.1%	3,355	+14.3%	0.02%	+7.1%
OR	Buy	OSISKO GOLD ROYALTIES LTD	$298,000	+32.4%	32,079	+48.8%	0.01%	+27.3%
PBA	Buy	PEMBINA PIPELINE CORP	$268,000	+17.5%	7,224	+18.3%	0.01%	+8.3%
VWO	New	VANGUARD INTL EQUITY INDEX Fftse emr mkt etf	$261,000	–	6,483	–	0.01%	–
STZ	New	CONSTELLATION BRANDS INCcl a	$258,000	–	1,245	–	0.01%	–
SYK	Sell	STRYKER CORP	$211,000	-12.8%	975	-17.0%	0.01%	-16.7%
GSK	Exit	GLAXOSMITHKLINE PLCsponsored adr	$0	–	-5,000	–	-0.01%	–
NFLX	Exit	NETFLIX INC	$0	–	-574	–	-0.01%	–
BMY	Exit	BRISTOL MYERS SQUIBB CO	$0	–	-4,650	–	-0.01%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-2,640	–	-0.01%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-900	–	-0.01%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-12,589	–	-0.01%	–
PHG	Exit	KONINKLIJKE PHILIPS N Vny reg sh new	$0	–	-6,729	–	-0.02%	–
SAP	Exit	SAP SEspon adr	$0	–	-2,276	–	-0.02%	–
TWTR	Exit	TWITTER INC	$0	–	-10,000	–	-0.02%	–
LEG	Exit	LEGGETT & PLATT INC	$0	–	-22,424	–	-0.04%	–
GOLD	Exit	BARRICK GOLD CORPORATION	$0	–	-61,670	–	-0.05%	–
ECA	Exit	ENCANA CORP	$0	–	-1,859,781	–	-0.49%	–

Q2 2019

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$143,252,000	–	2,446,356	–	7.28%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$135,746,000	–	1,704,494	–	6.89%	–
SU	New	SUNCOR ENERGY INC NEW	$89,709,000	–	2,869,692	–	4.56%	–
BNS	New	BANK N S HALIFAX	$84,296,000	–	1,566,017	–	4.28%	–
CNI	New	CANADIAN NATL RY CO	$78,300,000	–	844,210	–	3.98%	–
TRP	New	TC ENERGY CORP	$70,195,000	–	1,412,935	–	3.56%	–
NTR	New	NUTRIEN LTD	$67,019,000	–	1,250,202	–	3.40%	–
MFC	New	MANULIFE FINL CORP	$65,240,000	–	3,582,035	–	3.31%	–
BMO	New	BANK MONTREAL QUE	$62,409,000	–	824,431	–	3.17%	–
ENB	New	ENBRIDGE INC	$61,060,000	–	1,686,891	–	3.10%	–
AEM	New	AGNICO EAGLE MINES LTD	$55,070,000	–	1,071,825	–	2.80%	–
TU	New	TELUS CORP	$55,060,000	–	1,486,244	–	2.80%	–
CP	New	CANADIAN PAC RY LTD	$51,788,000	–	219,413	–	2.63%	–
FTS	New	FORTIS INC	$47,561,000	–	1,201,914	–	2.42%	–
CNQ	New	CANADIAN NAT RES LTD	$43,728,000	–	1,618,293	–	2.22%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$39,812,000	–	3,278,140	–	2.02%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$37,197,000	–	693,390	–	1.89%	–
MSFT	New	MICROSOFT CORP	$36,409,000	–	271,792	–	1.85%	–
NEE	New	NEXTERA ENERGY INC	$32,807,000	–	160,145	–	1.67%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$31,885,000	–	772,397	–	1.62%	–
OTEX	New	OPEN TEXT CORP	$31,823,000	–	769,529	–	1.62%	–
SLF	New	SUN LIFE FINL INC	$30,326,000	–	730,750	–	1.54%	–
QSR	New	RESTAURANT BRANDS INTL INC	$29,711,000	–	426,313	–	1.51%	–
JNJ	New	JOHNSON & JOHNSON	$29,095,000	–	208,894	–	1.48%	–
BAP	New	CREDICORP LTD	$27,718,000	–	121,085	–	1.41%	–
COT	New	COTT CORP QUE	$25,572,000	–	1,911,663	–	1.30%	–
MAA	New	MID AMER APT CMNTYS INC	$24,365,000	–	206,905	–	1.24%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$23,965,000	–	499,851	–	1.22%	–
CVS	New	CVS HEALTH CORP	$23,857,000	–	437,821	–	1.21%	–
RTN	New	RAYTHEON CO	$23,324,000	–	134,140	–	1.18%	–
WCN	New	WASTE CONNECTIONS INC	$23,006,000	–	240,317	–	1.17%	–
ROST	New	ROSS STORES INC	$22,844,000	–	230,471	–	1.16%	–
CB	New	CHUBB LIMITED	$22,405,000	–	152,112	–	1.14%	–
PSX	New	PHILLIPS 66	$22,256,000	–	237,932	–	1.13%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$22,172,000	–	281,344	–	1.13%	–
MDT	New	MEDTRONIC PLC	$22,029,000	–	226,190	–	1.12%	–
GIB	New	CGI INCcl a sub vtg	$21,095,000	–	273,793	–	1.07%	–
DE	New	DEERE & CO	$21,009,000	–	126,783	–	1.07%	–
USB	New	US BANCORP DEL	$20,481,000	–	390,864	–	1.04%	–
STN	New	STANTEC INC	$20,424,000	–	849,161	–	1.04%	–
APH	New	AMPHENOL CORP NEWcl a	$20,021,000	–	208,685	–	1.02%	–
GOOS	New	CANADA GOOSE HOLDINGS INC	$19,347,000	–	498,742	–	0.98%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored ads	$18,477,000	–	471,705	–	0.94%	–
FNV	New	FRANCO NEVADA CORP	$18,061,000	–	212,338	–	0.92%	–
MGA	New	MAGNA INTL INC	$17,236,000	–	345,663	–	0.88%	–
COST	New	COSTCO WHSL CORP NEW	$17,160,000	–	64,935	–	0.87%	–
TECK	New	TECK RESOURCES LTDcl b	$10,600,000	–	458,378	–	0.54%	–
ECA	New	ENCANA CORP	$9,564,000	–	1,859,781	–	0.49%	–
MEOH	New	METHANEX CORP	$5,910,000	–	129,900	–	0.30%	–
TRI	New	THOMSON REUTERS CORP	$5,382,000	–	83,251	–	0.27%	–
MTN	New	VAIL RESORTS INC	$5,086,000	–	22,788	–	0.26%	–
CAE	New	CAE INC	$4,212,000	–	156,312	–	0.21%	–
AIG	New	AMERICAN INTL GROUP INC	$3,117,000	–	58,500	–	0.16%	–
GLD	New	SPDR GOLD TRUST	$2,691,000	–	20,200	–	0.14%	–
BRKA	New	BERKSHIRE HATHAWAY INC DELcl a	$2,547,000	–	8	–	0.13%	–
BRKB	New	BERKSHIRE HATHAWAY INC DELcl b new	$2,287,000	–	10,730	–	0.12%	–
CCJ	New	CAMECO CORP	$1,851,000	–	172,259	–	0.09%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$1,410,000	–	68,980	–	0.07%	–
C	New	CITIGROUP INC	$1,401,000	–	20,000	–	0.07%	–
SBUX	New	STARBUCKS CORP	$1,371,000	–	16,355	–	0.07%	–
BAC	New	BANK AMER CORP	$1,305,000	–	45,000	–	0.07%	–
TSLA	New	TESLA INC	$1,254,000	–	5,613	–	0.06%	–
DIS	New	DISNEY WALT CO	$1,221,000	–	8,742	–	0.06%	–
XOM	New	EXXON MOBIL CORP	$1,110,000	–	14,490	–	0.06%	–
SHV	New	ISHARES TRshort treas bd	$1,036,000	–	9,360	–	0.05%	–
VZ	New	VERIZON COMMUNICATIONS INC	$985,000	–	17,233	–	0.05%	–
GOLD	New	BARRICK GOLD CORPORATION	$973,000	–	61,670	–	0.05%	–
CHK	New	CHESAPEAKE ENERGY CORP	$932,000	–	478,000	–	0.05%	–
FCX	New	FREEPORT-MCMORAN INCcl b	$929,000	–	80,000	–	0.05%	–
AAPL	New	APPLE INC	$912,000	–	4,609	–	0.05%	–
BCE	New	BCE INC	$899,000	–	19,728	–	0.05%	–
LEG	New	LEGGETT & PLATT INC	$860,000	–	22,424	–	0.04%	–
CMCSA	New	COMCAST CORP NEWcl a	$865,000	–	20,454	–	0.04%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$732,000	–	5,310	–	0.04%	–
HYG	New	ISHARES TRiboxx hi yd etf	$640,000	–	7,360	–	0.03%	–
GOOG	New	ALPHABET INCcap stk cl c	$611,000	–	565	–	0.03%	–
AGG	New	ISHARES TRcore us aggbd et	$564,000	–	5,063	–	0.03%	–
GOOGL	New	ALPHABET INCcap stk cl a	$580,000	–	536	–	0.03%	–
MU	New	MICRON TECHNOLOGY INC	$529,000	–	13,700	–	0.03%	–
WFC	New	WELLS FARGO CO NEW	$521,000	–	11,020	–	0.03%	–
PXH	New	INVESCO EXCHNG TRADED FD TRftse rafi emng	$505,000	–	23,373	–	0.03%	–
VUG	New	VANGUARD INDEX FDSgrowth etf	$453,000	–	2,770	–	0.02%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$457,000	–	31,143	–	0.02%	–
VOO	New	VANGUARD INDEX FDS	$431,000	–	1,603	–	0.02%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$379,000	–	3,249	–	0.02%	–
TWTR	New	TWITTER INC	$349,000	–	10,000	–	0.02%	–
SAP	New	SAP SEspon adr	$311,000	–	2,276	–	0.02%	–
SNY	New	SANOFIsponsored adr	$321,000	–	7,417	–	0.02%	–
PHG	New	KONINKLIJKE PHILIPS N Vny reg sh new	$293,000	–	6,729	–	0.02%	–
PXF	New	INVESCO EXCHNG TRADED FD TRftse rafi dev	$280,000	–	6,889	–	0.01%	–
VET	New	VERMILION ENERGY INC	$274,000	–	12,589	–	0.01%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$284,000	–	2,935	–	0.01%	–
GD	New	GENERAL DYNAMICS CORP	$262,000	–	1,441	–	0.01%	–
NEM	New	NEWMONT GOLDCORP CORPORATION	$253,000	–	6,595	–	0.01%	–
IMO	New	IMPERIAL OIL LTD	$250,000	–	9,000	–	0.01%	–
SYK	New	STRYKER CORP	$242,000	–	1,175	–	0.01%	–
SLQD	New	ISHARES TR0-5yr invt gr cp	$245,000	–	4,799	–	0.01%	–
PEP	New	PEPSICO INC	$240,000	–	1,833	–	0.01%	–
PBA	New	PEMBINA PIPELINE CORP	$228,000	–	6,104	–	0.01%	–
BDX	New	BECTON DICKINSON & CO	$227,000	–	900	–	0.01%	–
BMY	New	BRISTOL MYERS SQUIBB CO	$211,000	–	4,650	–	0.01%	–
CIGI	New	COLLIERS INTL GROUP INC	$208,000	–	2,903	–	0.01%	–
ABC	New	AMERISOURCEBERGEN CORP	$225,000	–	2,640	–	0.01%	–
NFLX	New	NETFLIX INC	$211,000	–	574	–	0.01%	–
OR	New	OSISKO GOLD ROYALTIES LTD	$225,000	–	21,552	–	0.01%	–
GSK	New	GLAXOSMITHKLINE PLCsponsored adr	$200,000	–	5,000	–	0.01%	–
SWN	New	SOUTHWESTERN ENERGY CO	$190,000	–	60,000	–	0.01%	–
EQT	New	EQT CORP	$158,000	–	10,000	–	0.01%	–
AIGWS	New	AMERICAN INTL GROUP INC*w exp 01/19/202	$0	–	100,000	–	0.00%	–

Q4 2018

			Value		Shares		↓ Weighting
ABEV	Exit	AMBEV SAsponsored adr	$0	–	-16,851	–	-0.00%	–
FAX	Exit	ABERDEEN ASIA PACIFIC INCOM	$0	–	-12,000	–	-0.00%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-2,142	–	-0.01%	–
UNH	Exit	UNITEDHEALTH GROUP INC	$0	–	-785	–	-0.01%	–
SYK	Exit	STRYKER CORP	$0	–	-1,210	–	-0.01%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-2,167	–	-0.01%	–
BBVA	Exit	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$0	–	-30,398	–	-0.01%	–
PXH	Exit	INVESCO EXCHNG TRADED FD TRftse rafi emng	$0	–	-9,671	–	-0.01%	–
RDSA	Exit	ROYAL DUTCH SHELL PLCspons adr a	$0	–	-2,950	–	-0.01%	–
FIVE	Exit	FIVE BELOW INC	$0	–	-1,625	–	-0.01%	–
FMS	Exit	FRESENIUS MED CARE AG&CO KGAsponsored adr	$0	–	-4,510	–	-0.01%	–
CSGP	Exit	COSTAR GROUP INC	$0	–	-518	–	-0.01%	–
ORCL	Exit	ORACLE CORP	$0	–	-4,310	–	-0.01%	–
CRH	Exit	CRH PLCadr	$0	–	-5,400	–	-0.01%	–
TSS	Exit	TOTAL SYS SVCS INC	$0	–	-2,208	–	-0.01%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-872	–	-0.01%	–
CCI	Exit	CROWN CASTLE INTL CORP NEW	$0	–	-2,236	–	-0.01%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,000	–	-0.01%	–
ABBV	Exit	ABBVIE INC	$0	–	-2,587	–	-0.01%	–
ABT	Exit	ABBOTT LABS	$0	–	-3,419	–	-0.01%	–
APD	Exit	AIR PRODS & CHEMS INC	$0	–	-1,514	–	-0.01%	–
MMM	Exit	3M CO	$0	–	-1,337	–	-0.01%	–
PXF	Exit	INVESCO EXCHNG TRADED FD TRftse rafi dev	$0	–	-6,678	–	-0.01%	–
AMGN	Exit	AMGEN INC	$0	–	-1,387	–	-0.01%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-9,433	–	-0.01%	–
MRK	Exit	MERCK & CO INC	$0	–	-4,473	–	-0.01%	–
BBT	Exit	BB&T CORP	$0	–	-7,177	–	-0.02%	–
HON	Exit	HONEYWELL INTL INC	$0	–	-2,041	–	-0.02%	–
PAYX	Exit	PAYCHEX INC	$0	–	-4,980	–	-0.02%	–
HD	Exit	HOME DEPOT INC	$0	–	-1,734	–	-0.02%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,745	–	-0.02%	–
BIDU	Exit	BAIDU INCspon adr rep a	$0	–	-1,699	–	-0.02%	–
PEP	Exit	PEPSICO INC	$0	–	-3,428	–	-0.02%	–
MAXR	Exit	MAXAR TECHNOLOGIES LTD	$0	–	-11,989	–	-0.02%	–
PFE	Exit	PFIZER INC	$0	–	-9,428	–	-0.02%	–
IBM	Exit	INTERNATIONAL BUSINESS MACHS	$0	–	-2,791	–	-0.02%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-9,586	–	-0.02%	–
CSCO	Exit	CISCO SYS INC	$0	–	-8,705	–	-0.02%	–
SHV	Exit	ISHARES TRshort treas bd	$0	–	-4,160	–	-0.02%	–
LEG	Exit	LEGGETT & PLATT INC	$0	–	-11,293	–	-0.02%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-29,743	–	-0.02%	–
PRF	Exit	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$0	–	-4,280	–	-0.02%	–
SBUX	Exit	STARBUCKS CORP	$0	–	-9,437	–	-0.02%	–
DIS	Exit	DISNEY WALT CO	$0	–	-4,734	–	-0.02%	–
SLQD	Exit	ISHARES TR0-5yr invt gr cp	$0	–	-11,003	–	-0.02%	–
TXN	Exit	TEXAS INSTRS INC	$0	–	-4,997	–	-0.02%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-5,263	–	-0.02%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-18,300	–	-0.03%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-545	–	-0.03%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-7,532	–	-0.03%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-619	–	-0.03%	–
BCE	Exit	BCE INC	$0	–	-18,884	–	-0.03%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-7,300	–	-0.04%	–
PHG	Exit	KONINKLIJKE PHILIPS N Vny reg sh new	$0	–	-17,656	–	-0.04%	–
AAPL	Exit	APPLE INC	$0	–	-4,409	–	-0.04%	–
SAP	Exit	SAP SEspon adr	$0	–	-8,240	–	-0.05%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-70,043	–	-0.06%	–
NEAR	Exit	ISHARES US ETF TRsht mat bd etf	$0	–	-23,200	–	-0.06%	–
TSLA	Exit	TESLA INC	$0	–	-5,613	–	-0.06%	–
CAE	Exit	CAE INC	$0	–	-182,154	–	-0.16%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-60,000	–	-0.20%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-19,151	–	-0.23%	–
AMX	Exit	AMERICA MOVIL SAB DE CV	$0	–	-406,960	–	-0.29%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-831,950	–	-0.38%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-40,995	–	-0.43%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-127,349	–	-0.46%	–
CVS	Exit	CVS HEALTH CORP	$0	–	-171,553	–	-0.60%	–
USB	Exit	US BANCORP DEL	$0	–	-275,269	–	-0.64%	–
MAA	Exit	MID AMER APT CMNTYS INC	$0	–	-146,055	–	-0.65%	–
CB	Exit	CHUBB LIMITED	$0	–	-113,819	–	-0.67%	–
RTN	Exit	RAYTHEON CO	$0	–	-75,878	–	-0.69%	–
MDT	Exit	MEDTRONIC PLC	$0	–	-168,956	–	-0.73%	–
DE	Exit	DEERE & CO	$0	–	-110,878	–	-0.74%	–
ROST	Exit	ROSS STORES INC	$0	–	-170,944	–	-0.75%	–
PSX	Exit	PHILLIPS 66	$0	–	-183,228	–	-0.91%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-489,463	–	-0.98%	–
BAP	Exit	CREDICORP LTD	$0	–	-104,867	–	-1.04%	–
AZN	Exit	ASTRAZENECA PLCsponsored adr	$0	–	-602,270	–	-1.05%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-173,170	–	-1.06%	–
COT	Exit	COTT CORP QUE	$0	–	-1,507,493	–	-1.07%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-146,298	–	-1.08%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-382,505	–	-1.08%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-596,053	–	-1.16%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-249,253	–	-1.26%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-1,220,859	–	-1.29%	–
MGA	Exit	MAGNA INTL INC	$0	–	-573,781	–	-1.32%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-328,065	–	-1.35%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-971,095	–	-1.41%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-421,952	–	-1.48%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-3,538,187	–	-1.58%	–
OTEX	Exit	OPEN TEXT CORP	$0	–	-1,048,666	–	-1.76%	–
SLF	Exit	SUN LIFE FINL INC	$0	–	-1,022,607	–	-1.79%	–
FTS	Exit	FORTIS INC	$0	–	-1,550,623	–	-2.21%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-609,388	–	-2.40%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-1,606,082	–	-2.41%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-1,217,803	–	-2.75%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-1,556,054	–	-2.77%	–
ENB	Exit	ENBRIDGE INC	$0	–	-2,212,497	–	-3.14%	–
TU	Exit	TELUS CORP	$0	–	-1,958,767	–	-3.18%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-2,299,663	–	-3.30%	–
NTR	Exit	NUTRIEN LTD	$0	–	-1,618,462	–	-4.11%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-481,311	–	-4.48%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-1,241,089	–	-4.50%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-5,891,647	–	-4.63%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-2,139,341	–	-5.61%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-3,640,565	–	-6.20%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-2,149,116	–	-7.58%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-3,460,831	–	-9.25%	–

Q3 2018

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$210,164,000	+2.4%	3,460,831	-3.4%	9.25%	+1.3%
RY	Buy	ROYAL BK CDA MONTREAL QUE	$172,149,000	+17.3%	2,149,116	+9.1%	7.58%	+16.0%
SU	Buy	SUNCOR ENERGY INC NEW	$140,767,000	-0.6%	3,640,565	+3.5%	6.20%	-1.7%
BNS	Buy	BANK N S HALIFAX	$127,424,000	+8.2%	2,139,341	+1.8%	5.61%	+7.0%
MFC	Buy	MANULIFE FINL CORP	$105,244,000	+2.1%	5,891,647	+1.6%	4.63%	+1.0%
BMO	Buy	BANK MONTREAL QUE	$102,294,000	+9.9%	1,241,089	+2.0%	4.50%	+8.7%
CP	Buy	CANADIAN PAC RY LTD	$101,740,000	+18.7%	481,311	+1.8%	4.48%	+17.4%
NTR	Buy	NUTRIEN LTD	$93,381,000	+12.2%	1,618,462	+4.7%	4.11%	+11.0%
CNQ	Buy	CANADIAN NAT RES LTD	$75,078,000	-7.1%	2,299,663	+1.6%	3.30%	-8.1%
TU	Buy	TELUS CORP	$72,147,000	+6.2%	1,958,767	+1.3%	3.18%	+5.0%
ENB	Buy	ENBRIDGE INC	$71,342,000	-7.4%	2,212,497	+1.6%	3.14%	-8.4%
TRP	Buy	TRANSCANADA CORP	$62,911,000	-4.2%	1,556,054	+1.4%	2.77%	-5.2%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$62,586,000	+10.9%	1,217,803	+1.4%	2.75%	+9.7%
AEM	Buy	AGNICO EAGLE MINES LTD	$54,820,000	-22.0%	1,606,082	+3.7%	2.41%	-22.8%
CNI	Buy	CANADIAN NATL RY CO	$54,640,000	+11.8%	609,388	+0.9%	2.40%	+10.6%
FTS	Buy	FORTIS INC	$50,240,000	+4.0%	1,550,623	+1.5%	2.21%	+2.9%
SLF	Buy	SUN LIFE FINL INC	$40,624,000	+1.9%	1,022,607	+2.0%	1.79%	+0.8%
OTEX	Buy	OPEN TEXT CORP	$39,875,000	+10.9%	1,048,666	+1.6%	1.76%	+9.7%
GG	Buy	GOLDCORP INC NEW	$36,022,000	-23.9%	3,538,187	+1.6%	1.58%	-24.7%
WCN	Sell	WASTE CONNECTIONS INC	$33,610,000	+1.6%	421,952	-5.0%	1.48%	+0.5%
VET	Buy	VERMILION ENERGY INC	$31,974,000	-6.8%	971,095	+1.0%	1.41%	-7.8%
CM	Buy	CDN IMPERIAL BK COMM TORONTO	$30,718,000	+10.1%	328,065	+1.2%	1.35%	+8.9%
MGA	Buy	MAGNA INTL INC	$30,118,000	+19.5%	573,781	+31.0%	1.32%	+18.1%
TECK	Buy	TECK RESOURCES LTDcl b	$29,402,000	+5.3%	1,220,859	+10.2%	1.29%	+4.2%
MSFT	Sell	MICROSOFT CORP	$28,654,000	+2.4%	249,253	-12.1%	1.26%	+1.3%
TSM	Sell	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$26,450,000	+6.6%	596,053	-12.2%	1.16%	+5.4%
GIB	Buy	GROUPE CGI INCcl a sub vtg	$24,644,000	+4.5%	382,505	+1.7%	1.08%	+3.3%
NEE	Sell	NEXTERA ENERGY INC	$24,640,000	-11.1%	146,298	-11.9%	1.08%	-12.1%
COT	Buy	COTT CORP QUE	$24,316,000	+25.2%	1,507,493	+27.2%	1.07%	+23.8%
JNJ	Sell	JOHNSON & JOHNSON	$24,037,000	+3.1%	173,170	-9.9%	1.06%	+2.0%
AZN	Sell	ASTRAZENECA PLCsponsored adr	$23,910,000	+1.1%	602,270	-10.6%	1.05%	0.0%
BAP	Sell	CREDICORP LTD	$23,510,000	-12.9%	104,867	-12.5%	1.04%	-13.8%
TRI	Buy	THOMSON REUTERS CORP	$22,319,000	+15.7%	489,463	+1.3%	0.98%	+14.5%
PSX	Sell	PHILLIPS 66	$20,756,000	-11.3%	183,228	-12.1%	0.91%	-12.3%
ROST	Sell	ROSS STORES INC	$17,005,000	-4.0%	170,944	-18.2%	0.75%	-5.1%
DE	Sell	DEERE & CO	$16,719,000	-8.9%	110,878	-15.5%	0.74%	-9.9%
MDT	Sell	MEDTRONIC PLC	$16,677,000	-2.2%	168,956	-15.2%	0.73%	-3.3%
RTN	Sell	RAYTHEON CO	$15,736,000	-11.0%	75,878	-17.1%	0.69%	-11.9%
CB	Sell	CHUBB LIMITED	$15,260,000	-13.2%	113,819	-17.7%	0.67%	-14.1%
MAA	Sell	MID AMER APT CMNTYS INC	$14,677,000	-15.7%	146,055	-15.6%	0.65%	-16.6%
USB	Sell	US BANCORP DEL	$14,587,000	-11.4%	275,269	-16.4%	0.64%	-12.4%
CVS	New	CVS HEALTH CORP	$13,514,000	–	171,553	–	0.60%	–
OXY	Sell	OCCIDENTAL PETE CORP DEL	$10,500,000	-18.3%	127,349	-17.1%	0.46%	-19.2%
COST	Sell	COSTCO WHSL CORP NEW	$9,688,000	-55.2%	40,995	-60.3%	0.43%	-55.7%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$8,599,000	+8.0%	831,950	-0.2%	0.38%	+6.8%
AMX	Sell	AMERICA MOVIL SAB DE CV	$6,574,000	-5.2%	406,960	-2.2%	0.29%	-6.5%
MTN	Sell	VAIL RESORTS INC	$5,321,000	-2.1%	19,151	-3.4%	0.23%	-3.3%
VT	Buy	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$4,550,000	+35.7%	60,000	+31.3%	0.20%	+34.2%
CAE	Buy	CAE INC	$3,695,000	-0.4%	182,154	+0.9%	0.16%	-1.2%
NEAR	Buy	ISHARES US ETF TRsht mat bd etf	$1,382,000	+42.0%	23,200	+19.6%	0.06%	+41.9%
SAP	Buy	SAP SEspon adr	$1,058,000	+29.0%	8,240	+16.2%	0.05%	+30.6%
AAPL	Buy	APPLE INC	$995,000	+27.6%	4,409	+4.6%	0.04%	+25.7%
PHG	Sell	KONINKLIJKE PHILIPS N Vny reg sh new	$929,000	+23.5%	17,656	-0.8%	0.04%	+24.2%
JPM	Buy	JPMORGAN CHASE & CO	$824,000	+31.8%	7,300	+21.7%	0.04%	+28.6%
BCE	Buy	BCE INC	$765,000	+1.9%	18,884	+0.7%	0.03%	+3.0%
HYG	Buy	ISHARES TRiboxx hi yd etf	$691,000	+26.3%	7,532	+17.1%	0.03%	+25.0%
BGB	Buy	BLACKSTONE GSO STRATEGIC CR	$498,000	+14.7%	29,743	+8.4%	0.02%	+15.8%
MAXR	Sell	MAXAR TECHNOLOGIES LTD	$395,000	-98.8%	11,989	-98.3%	0.02%	-98.9%
PAYX	Sell	PAYCHEX INC	$367,000	-16.0%	4,980	-22.1%	0.02%	-15.8%
AMGN	Sell	AMGEN INC	$288,000	-3.4%	1,387	-14.0%	0.01%	0.0%
MMM	Sell	3M CO	$282,000	-11.0%	1,337	-16.9%	0.01%	-14.3%
TSS	New	TOTAL SYS SVCS INC	$218,000	–	2,208	–	0.01%	–
CRH	New	CRH PLCadr	$225,000	–	5,400	–	0.01%	–
ORCL	New	ORACLE CORP	$222,000	–	4,310	–	0.01%	–
ABC	Sell	AMERISOURCEBERGEN CORP	$200,000	-15.6%	2,167	-21.9%	0.01%	-18.2%
FIVE	New	FIVE BELOW INC	$211,000	–	1,625	–	0.01%	–
PXH	New	INVESCO EXCHNG TRADED FD TRftse rafi emng	$204,000	–	9,671	–	0.01%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$212,000	–	2,142	–	0.01%	–
UNH	New	UNITEDHEALTH GROUP INC	$209,000	–	785	–	0.01%	–
SYK	Sell	STRYKER CORP	$215,000	-2.7%	1,210	-7.6%	0.01%	-10.0%
RDSA	Sell	ROYAL DUTCH SHELL PLCspons adr a	$201,000	-21.5%	2,950	-20.2%	0.01%	-18.2%
SAND	Exit	SANDSTORM GOLD LTD	$0	–	-10,855	–	-0.00%	–
BLK	Exit	BLACKROCK INC	$0	–	-423	–	-0.01%	–
NWHM	Exit	NEW HOME CO INC	$0	–	-20,301	–	-0.01%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,304	–	-0.01%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-14,389	–	-0.02%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-11,271	–	-0.04%	–

Q2 2018

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$205,186,000	–	3,583,278	–	9.13%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$146,806,000	–	1,970,670	–	6.53%	–
SU	New	SUNCOR ENERGY INC NEW	$141,666,000	–	3,518,604	–	6.30%	–
BNS	New	BANK N S HALIFAX	$117,738,000	–	2,101,700	–	5.24%	–
MFC	New	MANULIFE FINL CORP	$103,090,000	–	5,799,577	–	4.59%	–
BMO	New	BANK MONTREAL QUE	$93,078,000	–	1,217,108	–	4.14%	–
CP	New	CANADIAN PAC RY LTD	$85,745,000	–	472,929	–	3.82%	–
NTR	New	NUTRIEN LTD	$83,224,000	–	1,546,263	–	3.70%	–
CNQ	New	CANADIAN NAT RES LTD	$80,851,000	–	2,264,158	–	3.60%	–
ENB	New	ENBRIDGE INC	$77,036,000	–	2,177,981	–	3.43%	–
AEM	New	AGNICO EAGLE MINES LTD	$70,260,000	–	1,549,047	–	3.13%	–
TU	New	TELUS CORP	$67,934,000	–	1,932,994	–	3.02%	–
TRP	New	TRANSCANADA CORP	$65,670,000	–	1,534,152	–	2.92%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$56,416,000	–	1,200,604	–	2.51%	–
CNI	New	CANADIAN NATL RY CO	$48,889,000	–	604,143	–	2.18%	–
FTS	New	FORTIS INC	$48,304,000	–	1,527,530	–	2.15%	–
GG	New	GOLDCORP INC NEW	$47,310,000	–	3,482,867	–	2.10%	–
SLF	New	SUN LIFE FINL INC	$39,876,000	–	1,002,977	–	1.77%	–
OTEX	New	OPEN TEXT CORP	$35,950,000	–	1,032,435	–	1.60%	–
VET	New	VERMILION ENERGY INC	$34,297,000	–	961,280	–	1.53%	–
MAXR	New	MAXAR TECHNOLOGIES LTD	$34,218,000	–	688,932	–	1.52%	–
WCN	New	WASTE CONNECTIONS INC	$33,088,000	–	443,976	–	1.47%	–
MSFT	New	MICROSOFT CORP	$27,976,000	–	283,704	–	1.24%	–
TECK	New	TECK RESOURCES LTDcl b	$27,918,000	–	1,107,736	–	1.24%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$27,895,000	–	324,125	–	1.24%	–
NEE	New	NEXTERA ENERGY INC	$27,722,000	–	165,969	–	1.23%	–
BAP	New	CREDICORP LTD	$26,982,000	–	119,856	–	1.20%	–
MGA	New	MAGNA INTL INC	$25,208,000	–	438,084	–	1.12%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$24,812,000	–	678,652	–	1.10%	–
AZN	New	ASTRAZENECA PLCsponsored adr	$23,641,000	–	673,351	–	1.05%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$23,592,000	–	376,287	–	1.05%	–
PSX	New	PHILLIPS 66	$23,403,000	–	208,381	–	1.04%	–
JNJ	New	JOHNSON & JOHNSON	$23,311,000	–	192,111	–	1.04%	–
COST	New	COSTCO WHSL CORP NEW	$21,602,000	–	103,369	–	0.96%	–
COT	New	COTT CORP QUE	$19,426,000	–	1,185,172	–	0.86%	–
TRI	New	THOMSON REUTERS CORP	$19,289,000	–	483,145	–	0.86%	–
DE	New	DEERE & CO	$18,354,000	–	131,290	–	0.82%	–
ROST	New	ROSS STORES INC	$17,711,000	–	208,979	–	0.79%	–
RTN	New	RAYTHEON CO	$17,682,000	–	91,530	–	0.79%	–
CB	New	CHUBB LIMITED	$17,574,000	–	138,357	–	0.78%	–
MAA	New	MID AMER APT CMNTYS INC	$17,411,000	–	172,950	–	0.78%	–
MDT	New	MEDTRONIC PLC	$17,060,000	–	199,279	–	0.76%	–
USB	New	US BANCORP DEL	$16,467,000	–	329,211	–	0.73%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$12,854,000	–	153,612	–	0.57%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$7,964,000	–	833,239	–	0.35%	–
AMX	New	AMERICA MOVIL SAB DE CV	$6,934,000	–	416,216	–	0.31%	–
MTN	New	VAIL RESORTS INC	$5,434,000	–	19,819	–	0.24%	–
CAE	New	CAE INC	$3,711,000	–	180,554	–	0.16%	–
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$3,353,000	–	45,700	–	0.15%	–
TSLA	New	TESLA INC	$1,925,000	–	5,613	–	0.09%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$1,412,000	–	70,043	–	0.06%	–
ZTS	New	ZOETIS INCcl a	$960,000	–	11,271	–	0.04%	–
NEAR	New	ISHARES US ETF TRsht mat bd etf	$973,000	–	19,400	–	0.04%	–
SAP	New	SAP SEspon adr	$820,000	–	7,090	–	0.04%	–
AAPL	New	APPLE INC	$780,000	–	4,214	–	0.04%	–
BCE	New	BCE INC	$751,000	–	18,748	–	0.03%	–
PHG	New	KONINKLIJKE PHILIPS N Vny reg sh new	$752,000	–	17,791	–	0.03%	–
GOOG	New	ALPHABET INCcap stk cl c	$691,000	–	619	–	0.03%	–
JPM	New	JPMORGAN CHASE & CO	$625,000	–	6,000	–	0.03%	–
GOOGL	New	ALPHABET INCcap stk cl a	$615,000	–	545	–	0.03%	–
CMCSA	New	COMCAST CORP NEWcl a	$600,000	–	18,300	–	0.03%	–
AGG	New	ISHARES TRcore us aggbd et	$560,000	–	5,263	–	0.02%	–
TXN	New	TEXAS INSTRS INC	$551,000	–	4,997	–	0.02%	–
HYG	New	ISHARES TRiboxx hi yd etf	$547,000	–	6,432	–	0.02%	–
SLQD	New	ISHARES TR0-5yr invt gr cp	$546,000	–	11,003	–	0.02%	–
LEG	New	LEGGETT & PLATT INC	$504,000	–	11,293	–	0.02%	–
DIS	New	DISNEY WALT CO	$496,000	–	4,734	–	0.02%	–
SBUX	New	STARBUCKS CORP	$461,000	–	9,437	–	0.02%	–
PRF	New	INVESCO EXCHANGE TRADED FD Tftse rafi 1000	$482,000	–	4,280	–	0.02%	–
JCI	New	JOHNSON CTLS INTL PLC	$481,000	–	14,389	–	0.02%	–
SHV	New	ISHARES TRshort treas bd	$459,000	–	4,160	–	0.02%	–
PAYX	New	PAYCHEX INC	$437,000	–	6,392	–	0.02%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$434,000	–	27,443	–	0.02%	–
BIDU	New	BAIDU INCspon adr rep a	$413,000	–	1,699	–	0.02%	–
IBM	New	INTERNATIONAL BUSINESS MACHS	$390,000	–	2,791	–	0.02%	–
PEP	New	PEPSICO INC	$373,000	–	3,428	–	0.02%	–
CSCO	New	CISCO SYS INC	$375,000	–	8,705	–	0.02%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$385,000	–	9,586	–	0.02%	–
BBT	New	BB&T CORP	$362,000	–	7,177	–	0.02%	–
PFE	New	PFIZER INC	$342,000	–	9,428	–	0.02%	–
HD	New	HOME DEPOT INC	$338,000	–	1,734	–	0.02%	–
GD	New	GENERAL DYNAMICS CORP	$325,000	–	1,745	–	0.01%	–
VOO	New	VANGUARD INDEX FDS	$325,000	–	1,304	–	0.01%	–
IMO	New	IMPERIAL OIL LTD	$310,000	–	9,433	–	0.01%	–
MMM	New	3M CO	$317,000	–	1,609	–	0.01%	–
PXF	New	INVESCO EXCHNG TRADED FD TRftse rafi dev	$287,000	–	6,678	–	0.01%	–
HON	New	HONEYWELL INTL INC	$294,000	–	2,041	–	0.01%	–
AMGN	New	AMGEN INC	$298,000	–	1,612	–	0.01%	–
MRK	New	MERCK & CO INC	$272,000	–	4,473	–	0.01%	–
ABBV	New	ABBVIE INC	$240,000	–	2,587	–	0.01%	–
CCI	New	CROWN CASTLE INTL CORP NEW	$241,000	–	2,236	–	0.01%	–
RDSA	New	ROYAL DUTCH SHELL PLCspons adr a	$256,000	–	3,695	–	0.01%	–
ABC	New	AMERISOURCEBERGEN CORP	$237,000	–	2,775	–	0.01%	–
APD	New	AIR PRODS & CHEMS INC	$236,000	–	1,514	–	0.01%	–
MO	New	ALTRIA GROUP INC	$227,000	–	4,000	–	0.01%	–
CSGP	New	COSTAR GROUP INC	$214,000	–	518	–	0.01%	–
BBVA	New	BANCO BILBAO VIZCAYA ARGENTAsponsored adr	$216,000	–	30,398	–	0.01%	–
FMS	New	FRESENIUS MED CARE AG&CO KGAsponsored adr	$227,000	–	4,510	–	0.01%	–
SYK	New	STRYKER CORP	$221,000	–	1,310	–	0.01%	–
ABT	New	ABBOTT LABS	$209,000	–	3,419	–	0.01%	–
BLK	New	BLACKROCK INC	$211,000	–	423	–	0.01%	–
NWHM	New	NEW HOME CO INC	$202,000	–	20,301	–	0.01%	–
BDX	New	BECTON DICKINSON & CO	$209,000	–	872	–	0.01%	–
ABEV	New	AMBEV SAsponsored adr	$78,000	–	16,851	–	0.00%	–
SAND	New	SANDSTORM GOLD LTD	$48,000	–	10,855	–	0.00%	–
FAX	New	ABERDEEN ASIA PACIFIC INCOM	$52,000	–	12,000	–	0.00%	–

Q4 2017

			Value		Shares		↓ Weighting
FAX	Exit	ABERDEEN ASIA PACIFIC INCOM	$0	–	-12,000	–	-0.00%	–
NWHM	Exit	NEW HOME CO INC	$0	–	-11,480	–	-0.01%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-1,057	–	-0.01%	–
INTC	Exit	INTEL CORP	$0	–	-5,430	–	-0.01%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-5,897	–	-0.01%	–
JPM	Exit	JPMORGAN CHASE & CO	$0	–	-2,235	–	-0.01%	–
SYK	Exit	STRYKER CORP	$0	–	-1,500	–	-0.01%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,125	–	-0.01%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-3,017	–	-0.01%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,000	–	-0.01%	–
DHXM	Exit	DHX MEDIA LTD	$0	–	-71,300	–	-0.01%	–
PXF	Exit	POWERSHARES ETF TR IIdev mkts ex-us	$0	–	-6,678	–	-0.01%	–
VT	Exit	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$0	–	-4,000	–	-0.01%	–
PAC	Exit	GPO AEROPORTUARIO DEL PAC SAspon adr b	$0	–	-2,742	–	-0.01%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-9,000	–	-0.01%	–
AMGN	Exit	AMGEN INC	$0	–	-1,694	–	-0.01%	–
CB	Exit	CHUBB LIMITED	$0	–	-2,129	–	-0.01%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,304	–	-0.01%	–
MMM	Exit	3M CO	$0	–	-1,576	–	-0.02%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-22,983	–	-0.02%	–
GD	Exit	GENERAL DYNAMICS CORP	$0	–	-1,955	–	-0.02%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-9,586	–	-0.02%	–
OR	Exit	OSISKO GOLD ROYALTIES LTD	$0	–	-35,800	–	-0.02%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-501	–	-0.02%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-500	–	-0.02%	–
SLQD	Exit	ISHARES TR0-5yr invt gr cp	$0	–	-11,003	–	-0.02%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-5,013	–	-0.02%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-6,803	–	-0.03%	–
PRF	Exit	POWERSHARES ETF TRUSTftse rafi 1000	$0	–	-5,490	–	-0.03%	–
SAND	Exit	SANDSTORM GOLD LTD	$0	–	-136,600	–	-0.03%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-18,000	–	-0.03%	–
AAPL	Exit	APPLE INC	$0	–	-4,748	–	-0.03%	–
BCE	Exit	BCE INC	$0	–	-21,915	–	-0.05%	–
PHG	Exit	KONINKLIJKE PHILIPS N Vny reg sh new	$0	–	-29,557	–	-0.06%	–
TSLA	Exit	TESLA INC	$0	–	-5,613	–	-0.09%	–
ACWI	Exit	ISHARES TRmsci acwi etf	$0	–	-34,900	–	-0.11%	–
CAE	Exit	CAE INC	$0	–	-177,513	–	-0.14%	–
MTN	Exit	VAIL RESORTS INC	$0	–	-14,626	–	-0.15%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-89,158	–	-0.18%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-249,514	–	-0.26%	–
TAHO	Exit	TAHOE RES INC	$0	–	-1,295,091	–	-0.31%	–
AQN	Exit	ALGONQUIN PWR UTILS CORP	$0	–	-812,143	–	-0.39%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-183,849	–	-0.53%	–
MAA	Exit	MID AMER APT CMNTYS INC	$0	–	-144,934	–	-0.70%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-249,180	–	-0.72%	–
ROST	Exit	ROSS STORES INC	$0	–	-250,163	–	-0.73%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-102,055	–	-0.76%	–
RTN	Exit	RAYTHEON CO	$0	–	-91,284	–	-0.77%	–
DE	Exit	DEERE & CO	$0	–	-138,462	–	-0.79%	–
PSX	Exit	PHILLIPS 66	$0	–	-193,215	–	-0.80%	–
USB	Exit	US BANCORP DEL	$0	–	-337,384	–	-0.82%	–
JCI	Exit	JOHNSON CTLS INTL PLC	$0	–	-562,813	–	-1.02%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-319,073	–	-1.07%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-184,431	–	-1.08%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-164,154	–	-1.09%	–
BAP	Exit	CREDICORP LTD	$0	–	-119,069	–	-1.10%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-696,759	–	-1.18%	–
CLS	Exit	CELESTICA INC	$0	–	-2,131,419	–	-1.19%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-327,556	–	-1.29%	–
FTS	Exit	FORTIS INC	$0	–	-925,105	–	-1.50%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-974,636	–	-1.56%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-1,193,712	–	-1.68%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-799,892	–	-1.87%	–
TECK	Exit	TECK RESOURCES LTDcl b	$0	–	-2,113,445	–	-2.01%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-3,571,626	–	-2.09%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-637,245	–	-2.38%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-1,034,305	–	-2.40%	–
AGU	Exit	AGRIUM INC	$0	–	-503,423	–	-2.43%	–
TU	Exit	TELUS CORP	$0	–	-1,677,376	–	-2.72%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-1,439,265	–	-2.93%	–
MGA	Exit	MAGNA INTL INC	$0	–	-1,240,129	–	-2.98%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-2,279,234	–	-3.44%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-1,586,146	–	-3.53%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-492,365	–	-3.73%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-1,293,353	–	-4.41%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-5,435,551	–	-4.97%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-3,210,985	–	-5.07%	–
ENB	Exit	ENBRIDGE INC	$0	–	-3,022,831	–	-5.69%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-2,028,213	–	-7.07%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-2,829,525	–	-8.20%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-3,710,000	–	-9.42%	–

Q3 2017

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$208,326,000	+7.6%	3,710,000	-3.5%	9.42%	+4.9%
BNS	Buy	BANK N S HALIFAX	$181,389,000	+11.8%	2,829,525	+4.8%	8.20%	+9.0%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$156,510,000	+3.3%	2,028,213	-2.9%	7.07%	+0.7%
ENB	Sell	ENBRIDGE INC	$125,933,000	+1.0%	3,022,831	-3.5%	5.69%	-1.5%
SU	Sell	SUNCOR ENERGY INC NEW	$112,238,000	+9.7%	3,210,985	-8.4%	5.07%	+7.0%
MFC	Buy	MANULIFE FINL CORP	$109,966,000	+10.4%	5,435,551	+2.2%	4.97%	+7.7%
BMO	Sell	BANK MONTREAL QUE	$97,622,000	+0.1%	1,293,353	-2.7%	4.41%	-2.3%
CP	Sell	CANADIAN PAC RY LTD	$82,482,000	-9.0%	492,365	-12.7%	3.73%	-11.2%
TRP	Sell	TRANSCANADA CORP	$78,188,000	+0.3%	1,586,146	-3.1%	3.53%	-2.1%
CNQ	Sell	CANADIAN NAT RES LTD	$76,135,000	-9.7%	2,279,234	-22.1%	3.44%	-12.0%
MGA	Sell	MAGNA INTL INC	$66,008,000	-14.3%	1,240,129	-25.5%	2.98%	-16.4%
AEM	Buy	AGNICO EAGLE MINES LTD	$64,873,000	+3.4%	1,439,265	+3.3%	2.93%	+0.8%
TU	Sell	TELUS CORP	$60,173,000	+0.7%	1,677,376	-3.2%	2.72%	-1.7%
AGU	Buy	AGRIUM INC	$53,809,000	+55.9%	503,423	+32.1%	2.43%	+52.1%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$53,193,000	+11.3%	1,034,305	+2.1%	2.40%	+8.6%
CNI	Sell	CANADIAN NATL RY CO	$52,658,000	-2.2%	637,245	-4.1%	2.38%	-4.7%
GG	Buy	GOLDCORP INC NEW	$46,249,000	+5.8%	3,571,626	+5.2%	2.09%	+3.2%
TECK	Buy	TECK RESOURCES LTDcl b	$44,379,000	+56.6%	2,113,445	+29.2%	2.01%	+52.8%
GIB	Sell	GROUPE CGI INCcl a sub vtg	$41,367,000	-14.9%	799,892	-16.1%	1.87%	-17.0%
GIL	Sell	GILDAN ACTIVEWEAR INC	$37,203,000	-1.6%	1,193,712	-3.0%	1.68%	-3.9%
VET	Sell	VERMILION ENERGY INC	$34,551,000	+9.9%	974,636	-1.7%	1.56%	+7.3%
FTS	Sell	FORTIS INC	$33,113,000	+0.2%	925,105	-1.7%	1.50%	-2.3%
CM	Sell	CDN IMPERIAL BK COMM TORONTO	$28,583,000	+6.2%	327,556	-1.2%	1.29%	+3.6%
CLS	Sell	CELESTICA INC	$26,305,000	-12.3%	2,131,419	-3.6%	1.19%	-14.5%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$26,163,000	+10.7%	696,759	+3.1%	1.18%	+8.0%
BAP	Sell	CREDICORP LTD	$24,412,000	+11.2%	119,069	-2.7%	1.10%	+8.3%
NEE	Buy	NEXTERA ENERGY INC	$24,057,000	+7.5%	164,154	+2.8%	1.09%	+4.8%
JNJ	Buy	JOHNSON & JOHNSON	$23,978,000	+1.2%	184,431	+3.0%	1.08%	-1.3%
MSFT	Sell	MICROSOFT CORP	$23,768,000	+6.0%	319,073	-1.9%	1.07%	+3.4%
JCI	Buy	JOHNSON CTLS INTL PLC	$22,676,000	+9.1%	562,813	+17.4%	1.02%	+6.4%
USB	Buy	US BANCORP DEL	$18,080,000	+28.2%	337,384	+24.2%	0.82%	+24.9%
PSX	Buy	PHILLIPS 66	$17,700,000	+29.1%	193,215	+16.5%	0.80%	+25.8%
DE	Buy	DEERE & CO	$17,389,000	+11.0%	138,462	+9.2%	0.79%	+8.3%
RTN	Buy	RAYTHEON CO	$17,032,000	+22.2%	91,284	+5.8%	0.77%	+19.2%
COST	Buy	COSTCO WHSL CORP NEW	$16,767,000	+143.4%	102,055	+136.9%	0.76%	+137.6%
ROST	Buy	ROSS STORES INC	$16,153,000	+22.2%	250,163	+9.2%	0.73%	+19.1%
ZTS	Buy	ZOETIS INCcl a	$15,888,000	+9.3%	249,180	+6.9%	0.72%	+6.5%
MAA	Buy	MID AMER APT CMNTYS INC	$15,491,000	+10.8%	144,934	+9.2%	0.70%	+8.0%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$11,805,000	+65.0%	183,849	+53.8%	0.53%	+60.8%
AQN	Sell	ALGONQUIN PWR UTILS CORP	$8,562,000	-7.3%	812,143	-7.5%	0.39%	-9.6%
TAHO	Sell	TAHOE RES INC	$6,791,000	-41.3%	1,295,091	-3.6%	0.31%	-42.7%
SJR	Buy	SHAW COMMUNICATIONS INCcl b conv	$5,728,000	+11.5%	249,514	+5.8%	0.26%	+8.8%
TRI	Buy	THOMSON REUTERS CORP	$4,080,000	+7.8%	89,158	+8.9%	0.18%	+5.1%
MTN	Sell	VAIL RESORTS INC	$3,336,000	-2.6%	14,626	-13.4%	0.15%	-5.0%
CAE	Buy	CAE INC	$3,097,000	+9.2%	177,513	+7.7%	0.14%	+6.9%
ACWI	Buy	ISHARES TRmsci acwi etf	$2,402,000	+97.2%	34,900	+87.6%	0.11%	+94.6%
PHG	Sell	KONINKLIJKE PHILIPS N Vny reg sh new	$1,218,000	+10.6%	29,557	-3.9%	0.06%	+7.8%
BCE	Sell	BCE INC	$1,024,000	+1.9%	21,915	-1.9%	0.05%	-2.1%
AAPL	Buy	APPLE INC	$732,000	+21.8%	4,748	+13.8%	0.03%	+17.9%
SAND	Sell	SANDSTORM GOLD LTD	$616,000	-12.4%	136,600	-25.0%	0.03%	-15.2%
PRF	Sell	POWERSHARES ETF TRUSTftse rafi 1000	$587,000	-5.0%	5,490	-8.1%	0.03%	-6.9%
HYG	Buy	ISHARES TRiboxx hi yd etf	$604,000	+3.2%	6,803	+2.9%	0.03%	0.0%
OR	Sell	OSISKO GOLD ROYALTIES LTD	$461,000	-20.8%	35,800	-24.9%	0.02%	-22.2%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$395,000	-4.4%	9,586	-9.1%	0.02%	-5.3%
GD	New	GENERAL DYNAMICS CORP	$402,000	–	1,955	–	0.02%	–
MMM	Sell	3M CO	$331,000	-10.1%	1,576	-10.8%	0.02%	-11.8%
AMGN	Sell	AMGEN INC	$316,000	-96.2%	1,694	-96.5%	0.01%	-96.3%
CB	Sell	CHUBB LIMITED	$303,000	-6.5%	2,129	-4.4%	0.01%	-6.7%
DHXM	Sell	DHX MEDIA LTD	$298,000	-56.0%	71,300	-53.6%	0.01%	-58.1%
PAC	Sell	GPO AEROPORTUARIO DEL PAC SAspon adr b	$281,000	-25.7%	2,742	-18.6%	0.01%	-27.8%
PXF	Sell	POWERSHARES ETF TR IIdev mkts ex-us	$294,000	-10.4%	6,678	-15.0%	0.01%	-13.3%
VT	New	VANGUARD INTL EQUITY INDEX Ftt wrld st etf	$283,000	–	4,000	–	0.01%	–
ABC	Sell	AMERISOURCEBERGEN CORP	$250,000	-28.8%	3,017	-18.7%	0.01%	-31.2%
JPM	New	JPMORGAN CHASE & CO	$213,000	–	2,235	–	0.01%	–
BDX	Sell	BECTON DICKINSON & CO	$207,000	-3.3%	1,057	-3.6%	0.01%	-10.0%
INTC	New	INTEL CORP	$207,000	–	5,430	–	0.01%	–
PBA	New	PEMBINA PIPELINE CORP	$206,000	–	5,897	–	0.01%	–
PAYX	Exit	PAYCHEX INC	$0	–	-3,675	–	-0.01%	–
GWW	Exit	GRAINGER W W INC	$0	–	-1,179	–	-0.01%	–
AOS	Exit	SMITH A O	$0	–	-4,320	–	-0.01%	–
EGO	Exit	ELDORADO GOLD CORP NEW	$0	–	-3,318,838	–	-0.41%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-2,463,732	–	-0.87%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-326,349	–	-0.98%	–

Q2 2017

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$193,591,000	–	3,846,035	–	8.97%	–
BNS	New	BANK N S HALIFAX	$162,233,000	–	2,700,001	–	7.52%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$151,537,000	–	2,089,421	–	7.02%	–
ENB	New	ENBRIDGE INC	$124,653,000	–	3,132,721	–	5.78%	–
SU	New	SUNCOR ENERGY INC NEW	$102,348,000	–	3,506,968	–	4.74%	–
MFC	New	MANULIFE FINL CORP	$99,608,000	–	5,319,671	–	4.62%	–
BMO	New	BANK MONTREAL QUE	$97,499,000	–	1,329,376	–	4.52%	–
CP	New	CANADIAN PAC RY LTD	$90,619,000	–	563,865	–	4.20%	–
CNQ	New	CANADIAN NAT RES LTD	$84,356,000	–	2,926,755	–	3.91%	–
TRP	New	TRANSCANADA CORP	$77,917,000	–	1,636,362	–	3.61%	–
MGA	New	MAGNA INTL INC	$77,009,000	–	1,664,399	–	3.57%	–
AEM	New	AGNICO EAGLE MINES LTD	$62,750,000	–	1,393,108	–	2.91%	–
TU	New	TELUS CORP	$59,727,000	–	1,732,046	–	2.77%	–
CNI	New	CANADIAN NATL RY CO	$53,870,000	–	664,706	–	2.50%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$48,632,000	–	952,892	–	2.25%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$47,772,000	–	1,012,613	–	2.21%	–
GG	New	GOLDCORP INC NEW	$43,716,000	–	3,394,517	–	2.03%	–
GIL	New	GILDAN ACTIVEWEAR INC	$37,792,000	–	1,231,256	–	1.75%	–
AGU	New	AGRIUM INC	$34,509,000	–	381,201	–	1.60%	–
FTS	New	FORTIS INC	$33,051,000	–	941,415	–	1.53%	–
VET	New	VERMILION ENERGY INC	$31,425,000	–	991,718	–	1.46%	–
CLS	New	CELESTICA INC	$29,996,000	–	2,210,219	–	1.39%	–
TECK	New	TECK RESOURCES LTDcl b	$28,332,000	–	1,636,245	–	1.31%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$26,905,000	–	331,440	–	1.25%	–
JNJ	New	JOHNSON & JOHNSON	$23,698,000	–	179,139	–	1.10%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$23,624,000	–	675,754	–	1.10%	–
MSFT	New	MICROSOFT CORP	$22,413,000	–	325,158	–	1.04%	–
NEE	New	NEXTERA ENERGY INC	$22,382,000	–	159,726	–	1.04%	–
BAP	New	CREDICORP LTD	$21,961,000	–	122,422	–	1.02%	–
XRAY	New	DENTSPLY SIRONA INC	$21,160,000	–	326,349	–	0.98%	–
JCI	New	JOHNSON CTLS INTL PLC	$20,789,000	–	479,453	–	0.96%	–
CPG	New	CRESCENT PT ENERGY CORP	$18,825,000	–	2,463,732	–	0.87%	–
DE	New	DEERE & CO	$15,668,000	–	126,773	–	0.73%	–
ZTS	New	ZOETIS INCcl a	$14,542,000	–	233,113	–	0.67%	–
USB	New	US BANCORP DEL	$14,105,000	–	271,666	–	0.65%	–
MAA	New	MID AMER APT CMNTYS INC	$13,984,000	–	132,701	–	0.65%	–
RTN	New	RAYTHEON CO	$13,939,000	–	86,320	–	0.65%	–
PSX	New	PHILLIPS 66	$13,715,000	–	165,863	–	0.64%	–
ROST	New	ROSS STORES INC	$13,222,000	–	229,023	–	0.61%	–
TAHO	New	TAHOE RES INC	$11,567,000	–	1,343,291	–	0.54%	–
AQN	New	ALGONQUIN PWR UTILS CORP	$9,232,000	–	878,107	–	0.43%	–
EGO	New	ELDORADO GOLD CORP NEW	$8,794,000	–	3,318,838	–	0.41%	–
AMGN	New	AMGEN INC	$8,265,000	–	47,989	–	0.38%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$7,156,000	–	119,521	–	0.33%	–
COST	New	COSTCO WHSL CORP NEW	$6,889,000	–	43,073	–	0.32%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$5,137,000	–	235,732	–	0.24%	–
TRI	New	THOMSON REUTERS CORP	$3,785,000	–	81,857	–	0.18%	–
MTN	New	VAIL RESORTS INC	$3,425,000	–	16,888	–	0.16%	–
CAE	New	CAE INC	$2,837,000	–	164,753	–	0.13%	–
TSLA	New	TESLA INC	$2,030,000	–	5,613	–	0.09%	–
ACWI	New	ISHARES TRmsci acwi etf	$1,218,000	–	18,600	–	0.06%	–
PHG	New	KONINKLIJKE PHILIPS N Vny reg sh new	$1,101,000	–	30,742	–	0.05%	–
BCE	New	BCE INC	$1,005,000	–	22,349	–	0.05%	–
SAND	New	SANDSTORM GOLD LTD	$703,000	–	182,200	–	0.03%	–
CMCSA	New	COMCAST CORP NEWcl a	$701,000	–	18,000	–	0.03%	–
DHXM	New	DHX MEDIA LTD	$678,000	–	153,600	–	0.03%	–
PRF	New	POWERSHARES ETF TRUSTftse rafi 1000	$618,000	–	5,972	–	0.03%	–
AAPL	New	APPLE INC	$601,000	–	4,173	–	0.03%	–
OR	New	OSISKO GOLD ROYALTIES LTD	$582,000	–	47,700	–	0.03%	–
HYG	New	ISHARES TRiboxx hi yd etf	$585,000	–	6,613	–	0.03%	–
SLQD	New	ISHARES TR0-5yr invt gr cp	$556,000	–	11,003	–	0.03%	–
AGG	New	ISHARES TRcore us aggbd et	$549,000	–	5,013	–	0.02%	–
GOOGL	New	ALPHABET INCcap stk cl a	$465,000	–	500	–	0.02%	–
GOOG	New	ALPHABET INCcap stk cl c	$455,000	–	501	–	0.02%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$413,000	–	10,540	–	0.02%	–
PAC	New	GPO AEROPORTUARIO DEL PAC SAspon adr b	$378,000	–	3,367	–	0.02%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$366,000	–	22,983	–	0.02%	–
MMM	New	3M CO	$368,000	–	1,767	–	0.02%	–
ABC	New	AMERISOURCEBERGEN CORP	$351,000	–	3,712	–	0.02%	–
CB	New	CHUBB LIMITED	$324,000	–	2,227	–	0.02%	–
PXF	New	POWERSHARES ETF TR IIdev mkts ex-us	$328,000	–	7,853	–	0.02%	–
MO	New	ALTRIA GROUP INC	$298,000	–	4,000	–	0.01%	–
VOO	New	VANGUARD INDEX FDS	$290,000	–	1,304	–	0.01%	–
PM	New	PHILIP MORRIS INTL INC	$250,000	–	2,125	–	0.01%	–
IMO	New	IMPERIAL OIL LTD	$262,000	–	9,000	–	0.01%	–
AOS	New	SMITH A O	$243,000	–	4,320	–	0.01%	–
BDX	New	BECTON DICKINSON & CO	$214,000	–	1,097	–	0.01%	–
GWW	New	GRAINGER W W INC	$213,000	–	1,179	–	0.01%	–
SYK	New	STRYKER CORP	$208,000	–	1,500	–	0.01%	–
PAYX	New	PAYCHEX INC	$209,000	–	3,675	–	0.01%	–
NWHM	New	NEW HOME CO INC	$132,000	–	11,480	–	0.01%	–
FAX	New	ABERDEEN ASIA PACIFIC INCOM	$60,000	–	12,000	–	0.00%	–

Q4 2016

			Value		Shares		↓ Weighting
FAX	Exit	ABERDEEN ASIA PACIFIC INCOM	$0	–	-12,000	–	-0.00%	–
PM	Exit	PHILIP MORRIS INTL INC	$0	–	-2,125	–	-0.01%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-4,315	–	-0.01%	–
MNA	Exit	INDEXIQ ETF TRiq mrgr arb etf	$0	–	-7,395	–	-0.01%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-1,823	–	-0.01%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-3,299	–	-0.01%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-8,008	–	-0.01%	–
GE	Exit	GENERAL ELECTRIC CO	$0	–	-8,206	–	-0.01%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-15,754	–	-0.01%	–
INTC	Exit	INTEL CORP	$0	–	-6,800	–	-0.01%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-1,304	–	-0.01%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,000	–	-0.01%	–
PXF	Exit	POWERSHARES ETF TR IIdev mkts ex-us	$0	–	-7,853	–	-0.02%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-9,000	–	-0.02%	–
GOOG	Exit	ALPHABET INCcap stk cl c	$0	–	-501	–	-0.02%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-11,405	–	-0.02%	–
GOOGL	Exit	ALPHABET INCcap stk cl a	$0	–	-500	–	-0.02%	–
OR	Exit	OSISKO GOLD ROYALTIES LTD	$0	–	-39,200	–	-0.02%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-4,988	–	-0.02%	–
AAPL	Exit	APPLE INC	$0	–	-4,173	–	-0.03%	–
DHXM	Exit	DHX MEDIA LTD	$0	–	-91,200	–	-0.03%	–
GWW	Exit	GRAINGER W W INC	$0	–	-2,353	–	-0.03%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-5,013	–	-0.03%	–
SLQD	Exit	ISHARES TR0-5yr invt gr cp	$0	–	-11,003	–	-0.03%	–
TRSK	Exit	JANUS DETROIT STR TRvelocity tail ri	$0	–	-20,600	–	-0.03%	–
PRF	Exit	POWERSHARES ETF TRUSTftse rafi 1000	$0	–	-5,972	–	-0.03%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-3,245	–	-0.03%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-9,000	–	-0.03%	–
AOS	Exit	SMITH A O	$0	–	-6,280	–	-0.03%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-15,557	–	-0.04%	–
SAND	Exit	SANDSTORM GOLD LTD	$0	–	-149,300	–	-0.04%	–
CB	Exit	CHUBB LIMITED	$0	–	-6,326	–	-0.04%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-14,504	–	-0.05%	–
PAYX	Exit	PAYCHEX INC	$0	–	-17,554	–	-0.06%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-12,066	–	-0.06%	–
BCE	Exit	BCE INC	$0	–	-24,524	–	-0.06%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-16,904	–	-0.08%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-36,601	–	-0.08%	–
TSLA	Exit	TESLA MTRS INC	$0	–	-7,980	–	-0.09%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-126,888	–	-0.51%	–
MAA	Exit	MID-AMER APT CMNTYS INC	$0	–	-111,728	–	-0.58%	–
AMGN	Exit	AMGEN INC	$0	–	-64,432	–	-0.59%	–
PAC	Exit	GPO AEROPORTUARIO DEL PAC SAspon adr b	$0	–	-114,179	–	-0.60%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-72,037	–	-0.60%	–
USB	Exit	US BANCORP DEL	$0	–	-262,072	–	-0.62%	–
EGO	Exit	ELDORADO GOLD CORP NEW	$0	–	-2,919,925	–	-0.63%	–
DE	Exit	DEERE & CO	$0	–	-138,340	–	-0.65%	–
ZTS	Exit	ZOETIS INCcl a	$0	–	-231,795	–	-0.66%	–
RTN	Exit	RAYTHEON CO	$0	–	-89,417	–	-0.67%	–
MMM	Exit	3M CO	$0	–	-75,204	–	-0.73%	–
ROST	Exit	ROSS STORES INC	$0	–	-207,373	–	-0.74%	–
TAHO	Exit	TAHOE RES INC	$0	–	-1,197,728	–	-0.85%	–
XRAY	Exit	DENTSPLY SIRONA INC	$0	–	-278,794	–	-0.91%	–
BAP	Exit	CREDICORP LTD	$0	–	-110,173	–	-0.92%	–
PSX	Exit	PHILLIPS 66	$0	–	-215,450	–	-0.96%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-152,403	–	-1.03%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-157,835	–	-1.03%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-328,628	–	-1.04%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-929,589	–	-1.05%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-721,977	–	-1.22%	–
CLS	Exit	CELESTICA INC	$0	–	-2,332,632	–	-1.39%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-341,674	–	-1.46%	–
GIL	Exit	GILDAN ACTIVEWEAR INC	$0	–	-1,003,528	–	-1.54%	–
AGU	Exit	AGRIUM INC	$0	–	-339,104	–	-1.69%	–
CAE	Exit	CAE INC	$0	–	-2,269,090	–	-1.78%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-2,718,029	–	-1.98%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-566,362	–	-2.04%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-2,621,948	–	-2.38%	–
AEM	Exit	AGNICO EAGLE MINES LTD	$0	–	-800,172	–	-2.38%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-1,234,664	–	-2.64%	–
TU	Exit	TELUS CORP	$0	–	-1,503,865	–	-2.73%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-1,083,537	–	-2.84%	–
MGA	Exit	MAGNA INTL INC	$0	–	-1,226,989	–	-2.90%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-3,860,990	–	-3.00%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-1,412,035	–	-3.30%	–
ENB	Exit	ENBRIDGE INC	$0	–	-1,413,380	–	-3.42%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-1,433,034	–	-3.75%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-2,360,070	–	-4.16%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-528,925	–	-4.45%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-1,253,013	–	-4.52%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-3,207,849	–	-4.91%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-2,308,211	–	-6.74%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-2,128,948	–	-7.27%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-3,652,478	–	-8.94%	–

Q3 2016

			Value		Shares		↓ Weighting
TD	Buy	TORONTO DOMINION BK ONT	$162,171,000	+4.5%	3,652,478	+0.4%	8.94%	-1.0%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$131,889,000	+2.1%	2,128,948	-3.2%	7.27%	-3.2%
BNS	Buy	BANK N S HALIFAX	$122,335,000	+9.7%	2,308,211	+0.7%	6.74%	+3.9%
SU	Sell	SUNCOR ENERGY INC NEW	$89,068,000	-3.2%	3,207,849	-4.0%	4.91%	-8.3%
BMO	Sell	BANK MONTREAL QUE	$82,124,000	-5.9%	1,253,013	-9.5%	4.52%	-10.8%
CP	Buy	CANADIAN PAC RY LTD	$80,724,000	+19.6%	528,925	+0.2%	4.45%	+13.3%
CNQ	Sell	CANADIAN NAT RES LTD	$75,460,000	-1.5%	2,360,070	-5.6%	4.16%	-6.7%
TRP	Sell	TRANSCANADA CORP	$68,074,000	-6.7%	1,433,034	-11.7%	3.75%	-11.6%
ENB	Buy	ENBRIDGE INC	$62,130,000	+15589.4%	1,413,380	+14910.4%	3.42%	+14782.6%
RCI	Buy	ROGERS COMMUNICATIONS INCcl b	$59,918,000	+7.1%	1,412,035	+1.5%	3.30%	+1.5%
MFC	Sell	MANULIFE FINL CORP	$54,484,000	-31.5%	3,860,990	-34.0%	3.00%	-35.1%
MGA	Sell	MAGNA INTL INC	$52,683,000	-7.7%	1,226,989	-25.1%	2.90%	-12.6%
GIB	Sell	GROUPE CGI INCcl a sub vtg	$51,620,000	-19.8%	1,083,537	-28.6%	2.84%	-24.1%
TU	Buy	TELUS CORP	$49,632,000	+5.7%	1,503,865	+2.5%	2.73%	+0.1%
VET	Sell	VERMILION ENERGY INC	$47,835,000	+14.5%	1,234,664	-6.5%	2.64%	+8.5%
AEM	New	AGNICO EAGLE MINES LTD	$43,281,000	–	800,172	–	2.38%	–
GG	Buy	GOLDCORP INC NEW	$43,276,000	+11.4%	2,621,948	+28.3%	2.38%	+5.5%
CNI	Buy	CANADIAN NATL RY CO	$37,029,000	+15.4%	566,362	+3.5%	2.04%	+9.4%
CPG	Sell	CRESCENT PT ENERGY CORP	$35,848,000	-24.4%	2,718,029	-10.1%	1.98%	-28.4%
CAE	Sell	CAE INC	$32,228,000	-16.6%	2,269,090	-29.5%	1.78%	-20.9%
AGU	Sell	AGRIUM INC	$30,725,000	-16.8%	339,104	-17.5%	1.69%	-21.1%
GIL	Buy	GILDAN ACTIVEWEAR INC	$28,032,000	+30.6%	1,003,528	+36.0%	1.54%	+23.7%
CM	Sell	CDN IMPERIAL BK COMM TORONTO	$26,499,000	-46.4%	341,674	-48.4%	1.46%	-49.2%
CLS	Buy	CELESTICA INC	$25,234,000	+17.2%	2,332,632	+0.1%	1.39%	+11.0%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$22,085,000	+19.0%	721,977	+2.0%	1.22%	+12.8%
SJR	Buy	SHAW COMMUNICATIONS INCcl b conv	$19,028,000	+11.1%	929,589	+3.5%	1.05%	+5.2%
MSFT	Buy	MICROSOFT CORP	$18,929,000	+18.6%	328,628	+5.4%	1.04%	+12.4%
JNJ	Buy	JOHNSON & JOHNSON	$18,645,000	+2.8%	157,835	+5.6%	1.03%	-2.6%
NEE	Buy	NEXTERA ENERGY INC	$18,642,000	-4.0%	152,403	+2.4%	1.03%	-9.0%
PSX	Buy	PHILLIPS 66	$17,354,000	+15.7%	215,450	+14.0%	0.96%	+9.6%
BAP	Buy	CREDICORP LTD	$16,771,000	+3.4%	110,173	+4.9%	0.92%	-2.0%
XRAY	Buy	DENTSPLY SIRONA INC	$16,569,000	+4.8%	278,794	+9.4%	0.91%	-0.8%
TAHO	New	TAHOE RES INC	$15,359,000	–	1,197,728	–	0.85%	–
ROST	Buy	ROSS STORES INC	$13,334,000	+16.6%	207,373	+2.8%	0.74%	+10.5%
MMM	Buy	3M CO	$13,253,000	+6.3%	75,204	+5.6%	0.73%	+0.7%
RTN	Buy	RAYTHEON CO	$12,172,000	+0.4%	89,417	+0.3%	0.67%	-4.8%
ZTS	Buy	ZOETIS INCcl a	$12,056,000	+118.6%	231,795	+99.5%	0.66%	+106.9%
DE	Buy	DEERE & CO	$11,807,000	+15.7%	138,340	+9.9%	0.65%	+9.6%
EGO	Buy	ELDORADO GOLD CORP NEW	$11,486,000	-11.8%	2,919,925	+0.1%	0.63%	-16.4%
USB	Buy	US BANCORP DEL	$11,240,000	+19.1%	262,072	+12.0%	0.62%	+12.8%
COST	Buy	COSTCO WHSL CORP NEW	$10,986,000	+1.1%	72,037	+4.1%	0.60%	-4.3%
PAC	Buy	GPO AEROPORTUARIO DEL PAC SAspon adr b	$10,844,000	-5.9%	114,179	+1.7%	0.60%	-10.9%
AMGN	Buy	AMGEN INC	$10,748,000	+15.1%	64,432	+5.0%	0.59%	+9.0%
MAA	Buy	MID-AMER APT CMNTYS INC	$10,501,000	+84.4%	111,728	+108.7%	0.58%	+74.9%
OXY	Buy	OCCIDENTAL PETE CORP DEL	$9,253,000	+6.0%	126,888	+9.8%	0.51%	+0.4%
TRI	Buy	THOMSON REUTERS CORP	$1,514,000	+68.8%	36,601	+64.0%	0.08%	+59.6%
ABC	Sell	AMERISOURCEBERGEN CORP	$1,366,000	-22.6%	16,904	-24.0%	0.08%	-27.2%
BCE	Sell	BCE INC	$1,133,000	-8.8%	24,524	-7.2%	0.06%	-13.9%
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$1,111,000	-10.5%	12,066	-10.1%	0.06%	-15.3%
PAYX	Sell	PAYCHEX INC	$1,016,000	-7.2%	17,554	-4.6%	0.06%	-12.5%
DD	Sell	DU PONT E I DE NEMOURS & CO	$971,000	-14.6%	14,504	-17.3%	0.05%	-19.7%
CB	Sell	CHUBB LIMITED	$795,000	-12.0%	6,326	-8.5%	0.04%	-17.0%
SAND	Buy	SANDSTORM GOLD LTD	$755,000	+18.3%	149,300	+4.6%	0.04%	+13.5%
NVO	Sell	NOVO-NORDISK A Sadr	$647,000	-76.6%	15,557	-69.7%	0.04%	-77.6%
AOS	Sell	SMITH A O	$620,000	+3.3%	6,280	-7.7%	0.03%	-2.9%
BDX	Sell	BECTON DICKINSON & CO	$583,000	-13.8%	3,245	-18.6%	0.03%	-17.9%
TRSK	New	JANUS DETROIT STR TRvelocity tail ri	$564,000	–	20,600	–	0.03%	–
GWW	Sell	GRAINGER W W INC	$529,000	-9.3%	2,353	-8.3%	0.03%	-14.7%
AAPL	Sell	APPLE INC	$472,000	+18.0%	4,173	-0.3%	0.03%	+13.0%
DHXM	Buy	DHX MEDIA LTD	$478,000	+24.2%	91,200	+20.6%	0.03%	+18.2%
OR	New	OSISKO GOLD ROYALTIES LTD	$429,000	–	39,200	–	0.02%	–
HYG	Sell	ISHARES TRiboxx hi yd etf	$429,000	+1.4%	4,988	-1.6%	0.02%	-4.0%
GOOGL	Sell	ALPHABET INCcap stk cl a	$402,000	+14.2%	500	-0.2%	0.02%	+10.0%
BAM	Sell	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$401,000	+4.7%	11,405	-2.2%	0.02%	0.0%
INTC	New	INTEL CORP	$257,000	–	6,800	–	0.01%	–
PBA	Sell	PEMBINA PIPELINE CORP	$244,000	-0.4%	8,008	-1.5%	0.01%	-7.1%
GE	Sell	GENERAL ELECTRIC CO	$243,000	-6.5%	8,206	-0.8%	0.01%	-13.3%
COF	Sell	CAPITAL ONE FINL CORP	$237,000	-98.1%	3,299	-98.4%	0.01%	-98.2%
ACN	Sell	ACCENTURE PLC IRELAND	$223,000	-25.9%	1,823	-31.4%	0.01%	-33.3%
PPPMF	Exit	PRIMERO MNG CORP	$0	–	-158,300	–	-0.02%	–
ALFA	Exit	ETF SER SOLUTIONSalpclone alter	$0	–	-12,897	–	-0.02%	–
TRSK	Exit	ALPS ETF TRvelosh tail risk	$0	–	-20,600	–	-0.03%	–
WCN	Exit	WASTE CONNECTIONS INC	$0	–	-12,374	–	-0.05%	–
BCSPRCL	Exit	BARCLAYS BK PLCadr 2 pref 2	$0	–	-35,695	–	-0.05%	–

Q2 2016

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK ONT	$155,177,000	–	3,638,607	–	9.02%	–
RY	New	ROYAL BK CDA MONTREAL QUE	$129,122,000	–	2,200,352	–	7.51%	–
BNS	New	BANK N S HALIFAX	$111,567,000	–	2,292,492	–	6.49%	–
SU	New	SUNCOR ENERGY INC NEW	$92,056,000	–	3,341,382	–	5.35%	–
BMO	New	BANK MONTREAL QUE	$87,232,000	–	1,384,750	–	5.07%	–
MFC	New	MANULIFE FINL CORP	$79,506,000	–	5,853,396	–	4.62%	–
CNQ	New	CANADIAN NAT RES LTD	$76,594,000	–	2,499,791	–	4.45%	–
TRP	New	TRANSCANADA CORP	$72,944,000	–	1,623,206	–	4.24%	–
CP	New	CANADIAN PAC RY LTD	$67,508,000	–	527,994	–	3.93%	–
GIB	New	GROUPE CGI INCcl a sub vtg	$64,387,000	–	1,517,694	–	3.74%	–
MGA	New	MAGNA INTL INC	$57,083,000	–	1,637,481	–	3.32%	–
RCI	New	ROGERS COMMUNICATIONS INCcl b	$55,939,000	–	1,391,412	–	3.25%	–
CM	New	CDN IMPERIAL BK COMM TORONTO	$49,410,000	–	662,382	–	2.87%	–
CPG	New	CRESCENT PT ENERGY CORP	$47,432,000	–	3,023,215	–	2.76%	–
TU	New	TELUS CORP	$46,937,000	–	1,467,807	–	2.73%	–
VET	New	VERMILION ENERGY INC	$41,772,000	–	1,320,890	–	2.43%	–
GG	New	GOLDCORP INC NEW	$38,848,000	–	2,044,382	–	2.26%	–
CAE	New	CAE INC	$38,628,000	–	3,219,160	–	2.25%	–
AGU	New	AGRIUM INC	$36,922,000	–	410,915	–	2.15%	–
CNI	New	CANADIAN NATL RY CO	$32,077,000	–	546,970	–	1.86%	–
CLS	New	CELESTICA INC	$21,530,000	–	2,330,200	–	1.25%	–
GIL	New	GILDAN ACTIVEWEAR INC	$21,462,000	–	737,834	–	1.25%	–
NEE	New	NEXTERA ENERGY INC	$19,414,000	–	148,882	–	1.13%	–
TSM	New	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$18,558,000	–	707,526	–	1.08%	–
JNJ	New	JOHNSON & JOHNSON	$18,131,000	–	149,473	–	1.05%	–
SJR	New	SHAW COMMUNICATIONS INCcl b conv	$17,128,000	–	898,445	–	1.00%	–
BAP	New	CREDICORP LTD	$16,214,000	–	105,059	–	0.94%	–
MSFT	New	MICROSOFT CORP	$15,958,000	–	311,870	–	0.93%	–
XRAY	New	DENTSPLY SIRONA INC	$15,816,000	–	254,930	–	0.92%	–
PSX	New	PHILLIPS 66	$14,996,000	–	189,008	–	0.87%	–
EGO	New	ELDORADO GOLD CORP NEW	$13,025,000	–	2,916,300	–	0.76%	–
COF	New	CAPITAL ONE FINL CORP	$12,701,000	–	199,983	–	0.74%	–
MMM	New	3M CO	$12,469,000	–	71,203	–	0.72%	–
RTN	New	RAYTHEON CO	$12,120,000	–	89,149	–	0.70%	–
PAC	New	GPO AEROPORTUARIO DEL PAC SAspon adr b	$11,527,000	–	112,319	–	0.67%	–
ROST	New	ROSS STORES INC	$11,436,000	–	201,723	–	0.66%	–
COST	New	COSTCO WHSL CORP NEW	$10,871,000	–	69,225	–	0.63%	–
DE	New	DEERE & CO	$10,204,000	–	125,909	–	0.59%	–
USB	New	US BANCORP DEL	$9,434,000	–	233,930	–	0.55%	–
AMGN	New	AMGEN INC	$9,336,000	–	61,361	–	0.54%	–
OXY	New	OCCIDENTAL PETE CORP DEL	$8,731,000	–	115,553	–	0.51%	–
MAA	New	MID-AMER APT CMNTYS INC	$5,696,000	–	53,537	–	0.33%	–
ZTS	New	ZOETIS INCcl a	$5,515,000	–	116,198	–	0.32%	–
NVO	New	NOVO-NORDISK A Sadr	$2,763,000	–	51,374	–	0.16%	–
ABC	New	AMERISOURCEBERGEN CORP	$1,764,000	–	22,240	–	0.10%	–
TSLA	New	TESLA MTRS INC	$1,694,000	–	7,980	–	0.10%	–
BCE	New	BCE INC	$1,242,000	–	26,417	–	0.07%	–
FMX	New	FOMENTO ECONOMICO MEXICANO Sspon adr units	$1,241,000	–	13,415	–	0.07%	–
DD	New	DU PONT E I DE NEMOURS & CO	$1,137,000	–	17,547	–	0.07%	–
PAYX	New	PAYCHEX INC	$1,095,000	–	18,409	–	0.06%	–
CB	New	CHUBB LIMITED	$903,000	–	6,911	–	0.05%	–
BCSPRCL	New	BARCLAYS BK PLCadr 2 pref 2	$913,000	–	35,695	–	0.05%	–
WCN	New	WASTE CONNECTIONS INC	$888,000	–	12,374	–	0.05%	–
TRI	New	THOMSON REUTERS CORP	$897,000	–	22,319	–	0.05%	–
BDX	New	BECTON DICKINSON & CO	$676,000	–	3,985	–	0.04%	–
SAND	New	SANDSTORM GOLD LTD	$638,000	–	142,800	–	0.04%	–
AOS	New	SMITH A O	$600,000	–	6,807	–	0.04%	–
GWW	New	GRAINGER W W INC	$583,000	–	2,565	–	0.03%	–
CMCSA	New	COMCAST CORP NEWcl a	$587,000	–	9,000	–	0.03%	–
AGG	New	ISHARES TRcore us aggbd et	$565,000	–	5,013	–	0.03%	–
SLQD	New	ISHARES TR0-5yr invt gr cp	$561,000	–	11,003	–	0.03%	–
TRSK	New	ALPS ETF TRvelosh tail risk	$548,000	–	20,600	–	0.03%	–
PRF	New	POWERSHARES ETF TRUSTftse rafi 1000	$539,000	–	5,972	–	0.03%	–
HYG	New	ISHARES TRiboxx hi yd etf	$423,000	–	5,068	–	0.02%	–
ALFA	New	ETF SER SOLUTIONSalpclone alter	$429,000	–	12,897	–	0.02%	–
AAPL	New	APPLE INC	$400,000	–	4,186	–	0.02%	–
ENB	New	ENBRIDGE INC	$396,000	–	9,416	–	0.02%	–
BAM	New	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$383,000	–	11,660	–	0.02%	–
DHXM	New	DHX MEDIA LTD	$385,000	–	75,600	–	0.02%	–
GOOG	New	ALPHABET INCcap stk cl c	$347,000	–	501	–	0.02%	–
GOOGL	New	ALPHABET INCcap stk cl a	$352,000	–	501	–	0.02%	–
PPPMF	New	PRIMERO MNG CORP	$327,000	–	158,300	–	0.02%	–
ACN	New	ACCENTURE PLC IRELAND	$301,000	–	2,656	–	0.02%	–
PXF	New	POWERSHARES ETF TR IIdev mkts ex-us	$271,000	–	7,853	–	0.02%	–
MO	New	ALTRIA GROUP INC	$276,000	–	4,000	–	0.02%	–
IMO	New	IMPERIAL OIL LTD	$283,000	–	9,000	–	0.02%	–
GE	New	GENERAL ELECTRIC CO	$260,000	–	8,272	–	0.02%	–
VOO	New	VANGUARD INDEX FDS	$251,000	–	1,304	–	0.02%	–
PBA	New	PEMBINA PIPELINE CORP	$245,000	–	8,131	–	0.01%	–
PM	New	PHILIP MORRIS INTL INC	$216,000	–	2,125	–	0.01%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$227,000	–	15,754	–	0.01%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$215,000	–	4,315	–	0.01%	–
MNA	New	INDEXIQ ETF TRiq mrgr arb etf	$210,000	–	7,395	–	0.01%	–
FAX	New	ABERDEEN ASIA PACIFIC INCOM	$60,000	–	12,000	–	0.00%	–

Q4 2015

			Value		Shares		↓ Weighting
FAX	Exit	ABERDEEN ASIA PACIFIC INCOM	$0	–	-12,000	–	-0.00%	–
WPRT	Exit	WESTPORT INNOVATIONS INC	$0	–	-21,014	–	-0.00%	–
CC	Exit	CHEMOURS CO	$0	–	-10,382	–	-0.00%	–
GDX	Exit	MARKET VECTORS ETF TRgold miner etf	$0	–	-10,468	–	-0.01%	–
EEM	Exit	ISHARES TRmsci emg mkt etf	$0	–	-6,378	–	-0.01%	–
MO	Exit	ALTRIA GROUP INC	$0	–	-4,000	–	-0.01%	–
UN	Exit	UNILEVER N V	$0	–	-6,173	–	-0.02%	–
PBA	Exit	PEMBINA PIPELINE CORP	$0	–	-10,408	–	-0.02%	–
VGK	Exit	VANGUARD INTL EQUITY INDEX Fftse europe etf	$0	–	-5,073	–	-0.02%	–
MNA	Exit	INDEXIQ ETF TRiq mrgr arb etf	$0	–	-9,795	–	-0.02%	–
ACN	Exit	ACCENTURE PLC IRELAND	$0	–	-2,680	–	-0.02%	–
IMO	Exit	IMPERIAL OIL LTD	$0	–	-9,186	–	-0.02%	–
TOTL	Exit	SSGA ACTIVE ETF TRspdr tr tactic	$0	–	-5,715	–	-0.02%	–
GOOG	Exit	GOOGLE INCcl c	$0	–	-501	–	-0.02%	–
BCPC	Exit	BALCHEM CORP	$0	–	-5,218	–	-0.02%	–
GOOGL	Exit	GOOGLE INCcl a	$0	–	-500	–	-0.02%	–
PPPMF	Exit	PRIMERO MNG CORP	$0	–	-141,300	–	-0.02%	–
MINT	Exit	PIMCO ETF TRenhan shrt ma ac	$0	–	-3,363	–	-0.02%	–
SWK	Exit	STANLEY BLACK & DECKER INC	$0	–	-3,537	–	-0.02%	–
SAND	Exit	SANDSTORM GOLD LTD	$0	–	-138,100	–	-0.02%	–
BAM	Exit	BROOKFIELD ASSET MGMT INCcl a ltd vt sh	$0	–	-11,404	–	-0.02%	–
LFUS	Exit	LITTELFUSE INC	$0	–	-4,394	–	-0.02%	–
AAPL	Exit	APPLE INC	$0	–	-3,877	–	-0.03%	–
DHXM	Exit	DHX MEDIA LTD	$0	–	-71,800	–	-0.03%	–
HYG	Exit	ISHARES TRiboxx hi yd etf	$0	–	-5,833	–	-0.03%	–
VIG	Exit	VANGUARD SPECIALIZED PORTFOLdiv app etf	$0	–	-6,866	–	-0.03%	–
CMCSA	Exit	COMCAST CORP NEWcl a	$0	–	-9,000	–	-0.03%	–
TRI	Exit	THOMSON REUTERS CORP	$0	–	-13,339	–	-0.03%	–
ALFA	Exit	ETF SER SOLUTIONSalpclone alter	$0	–	-17,097	–	-0.04%	–
TRSK	Exit	ALPS ETF TRvelosh tail risk	$0	–	-27,300	–	-0.05%	–
ENB	Exit	ENBRIDGE INC	$0	–	-19,971	–	-0.05%	–
EFA	Exit	ISHARES TRmsci eafe etf	$0	–	-13,584	–	-0.05%	–
BCSPRCL	Exit	BARCLAYS BK PLCadr 2 pref 2	$0	–	-34,816	–	-0.06%	–
SIAL	Exit	SIGMA ALDRICH CORP	$0	–	-6,853	–	-0.06%	–
AGG	Exit	ISHARES TRcore us aggbd et	$0	–	-8,778	–	-0.06%	–
BIN	Exit	PROGRESSIVE WASTE SOLUTIONS	$0	–	-39,700	–	-0.07%	–
VOO	Exit	VANGUARD INDEX FDS	$0	–	-6,613	–	-0.07%	–
BCE	Exit	BCE INC	$0	–	-30,810	–	-0.08%	–
HMC	Exit	HONDA MOTOR LTD	$0	–	-45,074	–	-0.08%	–
DEO	Exit	DIAGEO P L Cspon adr new	$0	–	-12,829	–	-0.09%	–
BDX	Exit	BECTON DICKINSON & CO	$0	–	-11,429	–	-0.10%	–
ACE	Exit	ACE LTD	$0	–	-16,362	–	-0.11%	–
TSLA	Exit	TESLA MTRS INC	$0	–	-7,980	–	-0.12%	–
AOS	Exit	SMITH A O	$0	–	-30,866	–	-0.13%	–
UNP	Exit	UNION PAC CORP	$0	–	-25,049	–	-0.14%	–
DD	Exit	DU PONT E I DE NEMOURS & CO	$0	–	-53,380	–	-0.16%	–
FMX	Exit	FOMENTO ECONOMICO MEXICANO Sspon adr units	$0	–	-29,026	–	-0.16%	–
PAYX	Exit	PAYCHEX INC	$0	–	-58,832	–	-0.18%	–
GWW	Exit	GRAINGER W W INC	$0	–	-14,186	–	-0.19%	–
OXY	Exit	OCCIDENTAL PETE CORP DEL	$0	–	-50,406	–	-0.21%	–
NVO	Exit	NOVO-NORDISK A Sadr	$0	–	-65,172	–	-0.22%	–
AUY	Exit	YAMANA GOLD INC	$0	–	-2,220,778	–	-0.24%	–
DE	Exit	DEERE & CO	$0	–	-57,816	–	-0.27%	–
ABC	Exit	AMERISOURCEBERGEN CORP	$0	–	-53,222	–	-0.32%	–
AMGN	Exit	AMGEN INC	$0	–	-52,643	–	-0.46%	–
TU	Exit	TELUS CORP	$0	–	-249,560	–	-0.50%	–
USB	Exit	US BANCORP DEL	$0	–	-192,342	–	-0.50%	–
ESRX	Exit	EXPRESS SCRIPTS HLDG CO	$0	–	-101,423	–	-0.52%	–
CPG	Exit	CRESCENT PT ENERGY CORP	$0	–	-751,500	–	-0.54%	–
COST	Exit	COSTCO WHSL CORP NEW	$0	–	-60,335	–	-0.55%	–
ROST	Exit	ROSS STORES INC	$0	–	-193,029	–	-0.59%	–
RTN	Exit	RAYTHEON CO	$0	–	-87,742	–	-0.61%	–
PAC	Exit	GPO AEROPORTUARIO DEL PAC SAspon adr b	$0	–	-116,966	–	-0.64%	–
BAP	Exit	CREDICORP LTD	$0	–	-97,931	–	-0.66%	–
MMM	Exit	3M CO	$0	–	-87,959	–	-0.79%	–
JNJ	Exit	JOHNSON & JOHNSON	$0	–	-139,760	–	-0.82%	–
EGO	Exit	ELDORADO GOLD CORP NEW	$0	–	-4,122,700	–	-0.83%	–
COF	Exit	CAPITAL ONE FINL CORP	$0	–	-184,484	–	-0.85%	–
SIRO	Exit	SIRONA DENTAL SYSTEMS INC	$0	–	-144,765	–	-0.85%	–
TSM	Exit	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$0	–	-671,927	–	-0.88%	–
MSFT	Exit	MICROSOFT CORP	$0	–	-314,864	–	-0.88%	–
SJR	Exit	SHAW COMMUNICATIONS INCcl b conv	$0	–	-724,633	–	-0.88%	–
NEE	Exit	NEXTERA ENERGY INC	$0	–	-145,747	–	-0.90%	–
PSX	Exit	PHILLIPS 66	$0	–	-187,853	–	-0.91%	–
CVE	Exit	CENOVUS ENERGY INC	$0	–	-973,102	–	-0.93%	–
VET	Exit	VERMILION ENERGY INC	$0	–	-548,105	–	-1.12%	–
GG	Exit	GOLDCORP INC NEW	$0	–	-1,913,595	–	-1.51%	–
CLS	Exit	CELESTICA INC	$0	–	-2,367,800	–	-1.92%	–
AGU	Exit	AGRIUM INC	$0	–	-340,961	–	-1.94%	–
CAE	Exit	CAE INC	$0	–	-3,056,550	–	-2.04%	–
TRP	Exit	TRANSCANADA CORP	$0	–	-1,032,678	–	-2.08%	–
CNI	Exit	CANADIAN NATL RY CO	$0	–	-615,610	–	-2.20%	–
RCI	Exit	ROGERS COMMUNICATIONS INCcl b	$0	–	-1,058,308	–	-2.32%	–
CM	Exit	CDN IMPERIAL BK COMM TORONTO	$0	–	-639,920	–	-2.93%	–
CNQ	Exit	CANADIAN NAT RES LTD	$0	–	-2,511,203	–	-3.11%	–
GIB	Exit	GROUPE CGI INCcl a sub vtg	$0	–	-1,729,131	–	-3.95%	–
CP	Exit	CANADIAN PAC RY LTD	$0	–	-442,619	–	-4.01%	–
BMO	Exit	BANK MONTREAL QUE	$0	–	-1,279,841	–	-4.40%	–
MGA	Exit	MAGNA INTL INC	$0	–	-1,572,754	–	-4.75%	–
SU	Exit	SUNCOR ENERGY INC NEW	$0	–	-3,263,900	–	-5.50%	–
BNS	Exit	BANK N S HALIFAX	$0	–	-2,154,470	–	-5.98%	–
MFC	Exit	MANULIFE FINL CORP	$0	–	-6,281,421	–	-6.12%	–
VRX	Exit	VALEANT PHARMACEUTICALS INTL	$0	–	-678,000	–	-7.62%	–
RY	Exit	ROYAL BK CDA MONTREAL QUE	$0	–	-2,215,132	–	-7.72%	–
TD	Exit	TORONTO DOMINION BK ONT	$0	–	-3,952,578	–	-9.81%	–

Q3 2015

			Value		Shares		↓ Weighting
TD	Sell	TORONTO DOMINION BK ONT	$155,224,000	-28.1%	3,952,578	-2.8%	9.81%	+4.0%
RY	Sell	ROYAL BK CDA MONTREAL QUE	$122,035,000	-30.2%	2,215,132	-3.2%	7.72%	+1.0%
VRX	Sell	VALEANT PHARMACEUTICALS INTL	$120,576,000	-39.6%	678,000	-5.8%	7.62%	-12.6%
MFC	Sell	MANULIFE FINL CORP	$96,796,000	-35.7%	6,281,421	-3.2%	6.12%	-7.0%
BNS	Sell	BANK N S HALIFAX	$94,630,000	-34.1%	2,154,470	-3.3%	5.98%	-4.7%
SU	Sell	SUNCOR ENERGY INC NEW	$86,971,000	-25.1%	3,263,900	-3.3%	5.50%	+8.4%
MGA	Sell	MAGNA INTL INC	$75,162,000	-41.3%	1,572,754	-13.9%	4.75%	-15.1%
BMO	Sell	BANK MONTREAL QUE	$69,544,000	-28.9%	1,279,841	-3.1%	4.40%	+2.9%
CP	Sell	CANADIAN PAC RY LTD	$63,412,000	-30.8%	442,619	-3.4%	4.01%	+0.1%
GIB	Sell	GROUPE CGI INCcl a sub vtg	$62,419,000	-28.5%	1,729,131	-3.3%	3.95%	+3.4%
CNQ	Sell	CANADIAN NAT RES LTD	$49,158,000	-44.1%	2,511,203	-3.2%	3.11%	-19.1%
CM	Sell	CDN IMPERIAL BK COMM TORONTO	$46,343,000	-23.6%	639,920	-2.9%	2.93%	+10.4%
RCI	Sell	ROGERS COMMUNICATIONS INCcl b	$36,709,000	-24.1%	1,058,308	-3.0%	2.32%	+9.8%
CNI	Sell	CANADIAN NATL RY CO	$34,830,000	-22.6%	615,610	-1.4%	2.20%	+11.9%
TRP	Sell	TRANSCANADA CORP	$32,937,000	-38.6%	1,032,678	-2.2%	2.08%	-11.2%
CAE	Sell	CAE INC	$32,268,000	-31.3%	3,056,550	-3.2%	2.04%	-0.6%
AGU	Sell	AGRIUM INC	$30,752,000	-31.9%	340,961	-0.0%	1.94%	-1.5%
CLS	Sell	CELESTICA INC	$30,371,000	-15.0%	2,367,800	-3.6%	1.92%	+23.0%
GG	Sell	GOLDCORP INC NEW	$23,902,000	-40.5%	1,913,595	-3.4%	1.51%	-13.9%
VET	Sell	VERMILION ENERGY INC	$17,672,000	-41.3%	548,105	-1.7%	1.12%	-15.1%
CVE	Sell	CENOVUS ENERGY INC	$14,705,000	-26.9%	973,102	-3.4%	0.93%	+5.8%
PSX	Buy	PHILLIPS 66	$14,435,000	+28.2%	187,853	+34.4%	0.91%	+85.6%
NEE	Buy	NEXTERA ENERGY INC	$14,218,000	+8.0%	145,747	+8.5%	0.90%	+56.3%
SJR	Sell	SHAW COMMUNICATIONS INCcl b conv	$13,980,000	-70.3%	724,633	-58.1%	0.88%	-57.0%
MSFT	Buy	MICROSOFT CORP	$13,936,000	+8.5%	314,864	+8.2%	0.88%	+56.8%
TSM	Buy	TAIWAN SEMICONDUCTOR MFG LTDsponsored adr	$13,942,000	-1.3%	671,927	+8.0%	0.88%	+42.6%
SIRO	Buy	SIRONA DENTAL SYSTEMS INC	$13,512,000	-5.5%	144,765	+1.7%	0.85%	+36.6%
COF	Buy	CAPITAL ONE FINL CORP	$13,379,000	-2.3%	184,484	+18.5%	0.85%	+41.2%
EGO	Sell	ELDORADO GOLD CORP NEW	$13,174,000	-40.4%	4,122,700	-3.3%	0.83%	-13.8%
JNJ	Buy	JOHNSON & JOHNSON	$13,047,000	+1.7%	139,760	+6.2%	0.82%	+47.1%
MMM	Buy	3M CO	$12,470,000	-4.8%	87,959	+3.6%	0.79%	+37.5%
BAP	Buy	CREDICORP LTD	$10,416,000	-13.8%	97,931	+12.5%	0.66%	+24.4%
PAC	Sell	GPO AEROPORTUARIO DEL PAC SAspon adr b	$10,157,000	+18.8%	116,966	-6.3%	0.64%	+71.7%
RTN	Buy	RAYTHEON CO	$9,587,000	+26.1%	87,742	+10.4%	0.61%	+82.5%
ROST	Sell	ROSS STORES INC	$9,356,000	-16.4%	193,029	-16.1%	0.59%	+20.9%
COST	Buy	COSTCO WHSL CORP NEW	$8,723,000	+16.7%	60,335	+9.0%	0.55%	+68.5%
CPG	Buy	CRESCENT PT ENERGY CORP	$8,624,000	+2586.6%	751,500	+5904.3%	0.54%	+3792.9%
ESRX	Buy	EXPRESS SCRIPTS HLDG CO	$8,211,000	-3.7%	101,423	+5.8%	0.52%	+39.1%
USB	Buy	US BANCORP DEL	$7,937,000	+3.0%	192,342	+8.3%	0.50%	+49.0%
TU	Buy	TELUS CORP	$7,912,000	-24.4%	249,560	+2.6%	0.50%	+9.2%
AMGN	Sell	AMGEN INC	$7,282,000	-10.8%	52,643	-1.0%	0.46%	+28.9%
ABC	Sell	AMERISOURCEBERGEN CORP	$5,056,000	-16.7%	53,222	-6.7%	0.32%	+20.8%
DE	Buy	DEERE & CO	$4,313,000	-2.5%	57,816	+26.8%	0.27%	+41.5%
AUY	Sell	YAMANA GOLD INC	$3,764,000	-56.5%	2,220,778	-3.5%	0.24%	-37.0%
NVO	Sell	NOVO-NORDISK A Sadr	$3,535,000	-2.1%	65,172	-1.1%	0.22%	+41.1%
OXY	Sell	OCCIDENTAL PETE CORP DEL	$3,371,000	-16.4%	50,406	-2.8%	0.21%	+21.0%
GWW	Sell	GRAINGER W W INC	$3,050,000	-11.4%	14,186	-2.5%	0.19%	+27.8%
PAYX	Sell	PAYCHEX INC	$2,802,000	-0.8%	58,832	-2.4%	0.18%	+42.7%
FMX	Sell	FOMENTO ECONOMICO MEXICANO Sspon adr units	$2,591,000	-4.9%	29,026	-5.1%	0.16%	+37.8%
DD	Sell	DU PONT E I DE NEMOURS & CO	$2,573,000	-28.4%	53,380	-5.0%	0.16%	+3.8%
UNP	Buy	UNION PAC CORP	$2,215,000	+1.4%	25,049	+9.3%	0.14%	+45.8%
AOS	Sell	SMITH A O	$2,012,000	-12.9%	30,866	-3.8%	0.13%	+25.7%
TSLA	New	TESLA MTRS INC	$1,982,000	–	7,980	–	0.12%	–
ACE	Sell	ACE LTD	$1,703,000	-29.8%	16,362	-31.4%	0.11%	+1.9%
BDX	Sell	BECTON DICKINSON & CO	$1,516,000	-39.6%	11,429	-35.5%	0.10%	-12.7%
DEO	Buy	DIAGEO P L Cspon adr new	$1,409,000	+0.3%	12,829	+6.0%	0.09%	+45.9%
HMC	Buy	HONDA MOTOR LTD	$1,348,000	-5.7%	45,074	+2.2%	0.08%	+37.1%
BCE	Buy	BCE INC	$1,271,000	-22.0%	30,810	+0.4%	0.08%	+12.7%
VOO	Buy	VANGUARD INDEX FDS	$1,162,000	+370.4%	6,613	+407.1%	0.07%	+563.6%
BIN	Sell	PROGRESSIVE WASTE SOLUTIONS	$1,051,000	-27.4%	39,700	-8.1%	0.07%	+4.8%
AGG	Buy	ISHARES TRcore us aggbd et	$962,000	+32.0%	8,778	+31.0%	0.06%	+90.6%
SIAL	Sell	SIGMA ALDRICH CORP	$952,000	-2.2%	6,853	-1.8%	0.06%	+39.5%
BCSPRCL	Buy	BARCLAYS BK PLCadr 2 pref 2	$888,000	+28.0%	34,816	+27.5%	0.06%	+86.7%
EFA	New	ISHARES TRmsci eafe etf	$779,000	–	13,584	–	0.05%	–
ENB	Sell	ENBRIDGE INC	$739,000	-37.2%	19,971	-0.8%	0.05%	-7.8%
TRSK	New	ALPS ETF TRvelosh tail risk	$735,000	–	27,300	–	0.05%	–
ALFA	New	ETF SER SOLUTIONSalpclone alter	$690,000	–	17,097	–	0.04%	–
TRI	Buy	THOMSON REUTERS CORP	$534,000	-11.1%	13,339	+5.5%	0.03%	+30.8%
VIG	New	VANGUARD SPECIALIZED PORTFOLdiv app etf	$506,000	–	6,866	–	0.03%	–
HYG	Buy	ISHARES TRiboxx hi yd etf	$485,000	+26.6%	5,833	+35.4%	0.03%	+82.4%
DHXM	New	DHX MEDIA LTD	$450,000	–	71,800	–	0.03%	–
AAPL	New	APPLE INC	$428,000	–	3,877	–	0.03%	–
LFUS	Sell	LITTELFUSE INC	$401,000	-13.4%	4,394	-10.0%	0.02%	+25.0%
SAND	Sell	SANDSTORM GOLD LTD	$366,000	-34.3%	138,100	-8.5%	0.02%	-4.2%
SWK	Sell	STANLEY BLACK & DECKER INC	$343,000	-36.6%	3,537	-31.2%	0.02%	-8.3%
PPPMF	Sell	PRIMERO MNG CORP	$329,000	-56.2%	141,300	-8.5%	0.02%	-36.4%
MINT	New	PIMCO ETF TRenhan shrt ma ac	$339,000	–	3,363	–	0.02%	–
BCPC	Sell	BALCHEM CORP	$317,000	-15.5%	5,218	-22.5%	0.02%	+25.0%
GOOGL	New	GOOGLE INCcl a	$319,000	–	500	–	0.02%	–
GOOG	New	GOOGLE INCcl c	$305,000	–	501	–	0.02%	–
TOTL	New	SSGA ACTIVE ETF TRspdr tr tactic	$283,000	–	5,715	–	0.02%	–
MNA	New	INDEXIQ ETF TRiq mrgr arb etf	$272,000	–	9,795	–	0.02%	–
UN	Sell	UNILEVER N V	$248,000	-33.5%	6,173	-30.7%	0.02%	0.0%
PBA	Sell	PEMBINA PIPELINE CORP	$251,000	-43.1%	10,408	-4.7%	0.02%	-15.8%
VGK	New	VANGUARD INTL EQUITY INDEX Fftse europe etf	$249,000	–	5,073	–	0.02%	–
MO	New	ALTRIA GROUP INC	$220,000	–	4,000	–	0.01%	–
EEM	New	ISHARES TRmsci emg mkt etf	$209,000	–	6,378	–	0.01%	–
GDX	New	MARKET VECTORS ETF TRgold miner etf	$144,000	–	10,468	–	0.01%	–
CC	New	CHEMOURS CO	$67,000	–	10,382	–	0.00%	–
WPRT	Sell	WESTPORT INNOVATIONS INC	$52,000	-61.8%	21,014	-8.7%	0.00%	-50.0%
BAX	Exit	BAXTER INTL INC	$0	–	-4,394	–	-0.01%	–
IJR	Exit	ISHARES TR	$0	–	-7,884	–	-0.04%	–
MDY	Exit	SPDR S&P MIDCAP 400	$0	–	-3,535	–	-0.04%	–
SYY	Exit	SYSCO CORP	$0	–	-43,839	–	-0.07%	–
NWL	Exit	NEWELL RUBBERMAID IN	$0	–	-42,500	–	-0.08%	–
M	Exit	MACYS INC	$0	–	-26,000	–	-0.08%	–
WBA	Exit	WALGREENS BOOTS ALNC	$0	–	-24,868	–	-0.09%	–
GIS	Exit	GENERAL MILLS INC	$0	–	-40,402	–	-0.10%	–
SPY	Exit	SPDR S&P 500 ETF TR	$0	–	-27,166	–	-0.24%	–
POT	Exit	POTASH CORP OF SASK	$0	–	-176,408	–	-0.30%	–
TECK	Exit	TECK RESOURCES LTD	$0	–	-1,863,000	–	-1.01%	–

Q2 2015

			Value		Shares		↓ Weighting
TD	New	TORONTO DOMINION BK	$215,782,000	–	4,068,279	–	9.43%	–
VRX	New	VALEANT PHARMACEUTIC	$199,518,000	–	720,100	–	8.72%	–
RY	New	ROYAL BANK CDA	$174,763,000	–	2,288,071	–	7.64%	–
MFC	New	MANULIFE FINCL CORP	$150,581,000	–	6,487,774	–	6.58%	–
BNS	New	BANK OF NOVA SCOTIA	$143,573,000	–	2,226,970	–	6.28%	–
MGA	New	MAGNA INTL INC	$128,066,000	–	1,826,904	–	5.60%	–
SU	New	SUNCOR ENERGY INC	$116,066,000	–	3,374,000	–	5.07%	–
BMO	New	BANK OF MONTREAL	$97,800,000	–	1,321,441	–	4.28%	–
CP	New	CDN PACIFIC RAILWAY	$91,617,000	–	458,039	–	4.00%	–
CNQ	New	CDN NATURAL RES	$87,934,000	–	2,593,928	–	3.84%	–
GIB	New	CGI GROUP INC	$87,326,000	–	1,787,631	–	3.82%	–
CM	New	CANADIAN IMPERIAL BK	$60,685,000	–	659,121	–	2.65%	–
TRP	New	TRANSCANADA CORP	$53,608,000	–	1,056,112	–	2.34%	–
RCI	New	ROGERS COMMUNICATION	$48,357,000	–	1,091,590	–	2.11%	–
SJR	New	SHAW COMMUNICATIONS	$47,081,000	–	1,730,933	–	2.06%	–
CAE	New	CAE INC	$46,963,000	–	3,158,250	–	2.05%	–
AGU	New	AGRIUM INC	$45,140,000	–	341,017	–	1.97%	–
CNI	New	CDN NATL RAILWAY	$44,996,000	–	624,431	–	1.97%	–
GG	New	GOLDCORP INC	$40,149,000	–	1,980,725	–	1.76%	–
CLS	New	CELESTICA INC	$35,716,000	–	2,456,400	–	1.56%	–
VET	New	VERMILION ENERGY INC	$30,091,000	–	557,752	–	1.32%	–
TECK	New	TECK RESOURCES LTD	$23,064,000	–	1,863,000	–	1.01%	–
EGO	New	ELDORADO GOLD CORP	$22,092,000	–	4,264,900	–	0.97%	–
CVE	New	CENOVUS ENERGY	$20,114,000	–	1,007,187	–	0.88%	–
SIRO	New	SIRONA DENTAL SYS	$14,291,000	–	142,312	–	0.62%	–
TSM	New	TAIWAN SEMICONDUCTOR	$14,126,000	–	622,026	–	0.62%	–
COF	New	CAPITAL ONE FINL CO	$13,699,000	–	155,718	–	0.60%	–
NEE	New	NEXTERA ENERGY INC	$13,164,000	–	134,290	–	0.58%	–
MMM	New	3M COMPANY	$13,101,000	–	84,906	–	0.57%	–
MSFT	New	MICROSOFT CORP	$12,849,000	–	291,032	–	0.56%	–
JNJ	New	JOHNSON & JOHNSON	$12,832,000	–	131,660	–	0.56%	–
BAP	New	CREDICORP LTD	$12,090,000	–	87,027	–	0.53%	–
PSX	New	PHILLIPS 66	$11,260,000	–	139,766	–	0.49%	–
ROST	New	ROSS STORES INC	$11,189,000	–	230,175	–	0.49%	–
TU	New	TELUS CORP	$10,468,000	–	243,265	–	0.46%	–
AUY	New	YAMANA GOLD INC	$8,654,000	–	2,301,478	–	0.38%	–
PAC	New	GRUPO AEROPORTUARI	$8,550,000	–	124,832	–	0.37%	–
ESRX	New	EXPRESS SCRIPTS HLDG	$8,525,000	–	95,850	–	0.37%	–
AMGN	New	AMGEN INC	$8,161,000	–	53,159	–	0.36%	–
USB	New	US BANCORP DEL	$7,709,000	–	177,636	–	0.34%	–
RTN	New	RAYTHEON	$7,601,000	–	79,446	–	0.33%	–
COST	New	COSTCO WHSL CORP	$7,477,000	–	55,362	–	0.33%	–
POT	New	POTASH CORP OF SASK	$6,823,000	–	176,408	–	0.30%	–
ABC	New	AMERISOURCE-BERGEN	$6,067,000	–	57,052	–	0.26%	–
SPY	New	SPDR S&P 500 ETF TR	$5,592,000	–	27,166	–	0.24%	–
DE	New	DEERE & CO	$4,425,000	–	45,590	–	0.19%	–
OXY	New	OCCIDENTAL PETE CORP	$4,032,000	–	51,842	–	0.18%	–
NVO	New	NOVO-NORDISK AS	$3,610,000	–	65,919	–	0.16%	–
DD	New	DU PONT E I DE NEMOU	$3,592,000	–	56,169	–	0.16%	–
GWW	New	GRAINGER W W INC	$3,443,000	–	14,548	–	0.15%	–
PAYX	New	PAYCHEX INC	$2,826,000	–	60,276	–	0.12%	–
FMX	New	FOMENTO ECON MEXI	$2,725,000	–	30,585	–	0.12%	–
BDX	New	BECTON DICKINSON	$2,510,000	–	17,719	–	0.11%	–
ACE	New	ACE LIMITED	$2,425,000	–	23,850	–	0.11%	–
AOS	New	SMITH A O	$2,309,000	–	32,080	–	0.10%	–
GIS	New	GENERAL MILLS INC	$2,251,000	–	40,402	–	0.10%	–
UNP	New	UNION PAC CORP	$2,185,000	–	22,914	–	0.10%	–
WBA	New	WALGREENS BOOTS ALNC	$2,100,000	–	24,868	–	0.09%	–
M	New	MACYS INC	$1,754,000	–	26,000	–	0.08%	–
NWL	New	NEWELL RUBBERMAID IN	$1,747,000	–	42,500	–	0.08%	–
BCE	New	BCE INC	$1,629,000	–	30,694	–	0.07%	–
SYY	New	SYSCO CORP	$1,583,000	–	43,839	–	0.07%	–
BIN	New	PROGRESSIVE WASTE SO	$1,447,000	–	43,200	–	0.06%	–
HMC	New	HONDA MOTOR CO	$1,429,000	–	44,106	–	0.06%	–
DEO	New	DIAGEO P L C	$1,405,000	–	12,107	–	0.06%	–
ENB	New	ENBRIDGE INC	$1,176,000	–	20,126	–	0.05%	–
SIAL	New	SIGMA ALDRICH CORP	$973,000	–	6,979	–	0.04%	–
MDY	New	SPDR S&P MIDCAP 400	$966,000	–	3,535	–	0.04%	–
IJR	New	ISHARES TR	$929,000	–	7,884	–	0.04%	–
PPPMF	New	PRIMERO MINING	$752,000	–	154,400	–	0.03%	–
AGG	New	ISHARES TR	$729,000	–	6,700	–	0.03%	–
BCSPRCL	New	BARCLAYS BK PLC	$694,000	–	27,316	–	0.03%	–
TRI	New	THOMSON REUTERS CORP	$601,000	–	12,639	–	0.03%	–
CMCSA	New	COMCAST CORP	$541,000	–	9,000	–	0.02%	–
SAND	New	SANDSTORM GOLD	$557,000	–	151,000	–	0.02%	–
SWK	New	STANLEY BLACK&DECKR	$541,000	–	5,143	–	0.02%	–
BAM	New	BROOKFIELD ASSET MGT	$498,000	–	11,404	–	0.02%	–
LFUS	New	LITTELFUSE INC	$463,000	–	4,883	–	0.02%	–
IMO	New	IMPERIAL OIL LTD	$443,000	–	9,186	–	0.02%	–
PBA	New	PEMBINA PIPELINE	$441,000	–	10,918	–	0.02%	–
HYG	New	ISHARES TR	$383,000	–	4,309	–	0.02%	–
BCPC	New	BALCHEM CORP	$375,000	–	6,735	–	0.02%	–
UN	New	UNILEVER N.V	$373,000	–	8,912	–	0.02%	–
CPG	New	CRESCENT POINT ENRGY	$321,000	–	12,516	–	0.01%	–
BAX	New	BAXTER INTL INC	$307,000	–	4,394	–	0.01%	–
VOO	New	VANGUARD INDEX FDS	$247,000	–	1,304	–	0.01%	–
ACN	New	ACCENTURE PLC	$259,000	–	2,680	–	0.01%	–
WPRT	New	WESTPORT INNOVATIONS	$136,000	–	23,014	–	0.01%	–
FAX	New	ABERDEEN AS-PAC INCM	$60,000	–	12,000	–	0.00%	–

Compare quarters

Export CIDEL ASSET MANAGEMENT INC's holdings