The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGNICO EAGLE MINES LTD COM 008474108 1,075 17,780 SH   SOLE 1 17,780 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 10,251 1,341,524 SH   SOLE 1 1,341,524 0 0
AMAZON COM INC COM 023135106 2,064 600 SH   SOLE 1 600 0 0
AMERICAN CAMPUS CMNTYS INC COM 024835100 2,336 50,000 SH   SOLE 1 50,000 0 0
AMERICAN EXPRESS CO COM 025816109 2,478 15,000 SH   SOLE 1 15,000 0 0
AMERICAN HOMES 4 RENT CL A 02665T306 4,701 121,000 SH   SOLE 1 121,000 0 0
APTIV PLC SHS G6095L109 522 3,320 SH   SOLE 1 3,320 0 0
BANK MONTREAL QUE COM 063671101 11,468 111,900 SH   SOLE 1 111,900 0 0
BANK NOVA SCOTIA B C COM 064149107 7,946 122,202 SH   SOLE 1 122,202 0 0
BARRICK GOLD CORP COM 067901108 3,728 180,248 SH   SOLE 1 180,248 0 0
BAUSCH HEALTH COS INC COM 071734107 1,737 59,190 SH   SOLE 1 59,190 0 0
BAUSCH HEALTH COS INC COM 071734107 67 2,270 SH   SOLE _ 2,270 0 0
BERKLEY W R CORP COM 084423102 744 10,000 SH   SOLE 1 10,000 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 8,898 174,435 SH   SOLE 1 174,435 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 630 12,360 SH   SOLE _ 12,360 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109 6,165 133,377 SH   SOLE 1 133,377 0 0
BROOKFIELD BUSINESS PARTNERS UNIT LTD L P G16234109 164 3,548 SH   SOLE _ 3,548 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100 1,038 10,000 SH   SOLE 1 10,000 0 0
CANADIAN IMP BK COMM COM 136069101 2,221 19,510 SH   SOLE 1 19,510 0 0
CANADIAN NAT RES LTD COM 136385101 2,240 61,715 SH   SOLE 1 61,715 0 0
CANADIAN NATL RY CO COM 136375102 6,434 60,990 SH   SOLE 1 60,990 0 0
CANADIAN PAC RY LTD COM 13645T100 4,489 58,390 SH   SOLE 1 58,390 0 0
CANADIAN PAC RY LTD COM 13645T100 116 1,510 SH   SOLE _ 1,510 0 0
CAPITAL ONE FINL CORP COM 14040H105 2,320 15,000 SH   SOLE 1 15,000 0 0
CARRIER GLOBAL CORPORATION COM 14448C104 2,187 45,000 SH   SOLE 1 45,000 0 0
CENOVUS ENERGY INC COM 15135U109 4,494 469,600 SH   SOLE 1 469,600 0 0
CGI INC CL A SUB VTG 12532H104 2,105 23,220 SH   SOLE 1 23,220 0 0
CGI INC CL A SUB VTG 12532H104 100 1,100 SH   SOLE _ 1,100 0 0
CONSTELLATION BRANDS INC CL A 21036P108 3,508 15,000 SH   SOLE 1 15,000 0 0
CRESCENT PT ENERGY CORP COM 22576C101 2,757 608,980 SH   SOLE 1 608,980 0 0
DESCARTES SYS GROUP INC COM 249906108 366 5,292 SH   SOLE 1 5,292 0 0
DESCARTES SYS GROUP INC COM 249906108 127 1,840 SH   SOLE _ 1,840 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 2,071 20,000 SH   SOLE 1 20,000 0 0
ENBRIDGE INC COM 29250N105 7,503 187,438 SH   SOLE 1 187,438 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 4,602 751,647 SH   SOLE 1 751,647 0 0
ENERPLUS CORP COM 292766102 10,260 1,427,640 SH   SOLE 1 1,427,640 0 0
ERO COPPER CORP COM 296006109 2,575 122,730 SH   SOLE 1 122,730 0 0
FIRSTSERVICE CORP NEW COM 33767E202 4,112 23,980 SH   SOLE 1 23,980 0 0
FIRSTSERVICE CORP NEW COM 33767E202 86 500 SH   SOLE _ 500 0 0
FRANCO NEV CORP COM 351858105 4,038 27,830 SH   SOLE 1 27,830 0 0
GENERAL MTRS CO COM 37045V100 771 13,030 SH   SOLE 1 13,030 0 0
GFL ENVIRONMENTAL INC SUB VTG SHS 36168Q104 4,041 126,570 SH   SOLE 1 126,570 0 0
GILDAN ACTIVEWEAR INC COM 375916103 2,356 63,870 SH   SOLE 1 63,870 0 0
GILDAN ACTIVEWEAR INC COM 375916103 107 2,910 SH   SOLE _ 2,910 0 0
MAGNA INTL INC COM 559222401 2,520 27,221 SH   SOLE 1 27,221 0 0
MANULIFE FINL CORP COM 56501R106 3,264 165,831 SH   SOLE 1 165,831 0 0
MAVERIX METALS INC COM NEW 57776F405 1,678 310,460 SH   SOLE 1 310,460 0 0
MCDONALDS CORP COM 580135101 2,423 10,490 SH   SOLE 1 10,490 0 0
MGM RESORTS INTERNATIONAL COM 552953101 2,133 50,000 SH   SOLE 1 50,000 0 0
NEXGEN ENERGY LTD COM 65340P106 1,645 400,000 SH   SOLE 1 400,000 0 0
NUTRIEN LTD COM 67077M108 3,593 59,305 SH   SOLE 1 59,305 0 0
OPEN TEXT CORP COM 683715106 4,092 80,590 SH   SOLE 1 80,590 0 0
OPEN TEXT CORP COM 683715106 115 2,270 SH   SOLE _ 2,270 0 0
PRECISION DRILLING CORP COM NEW 74022D407 6,247 149,930 SH   SOLE 1 149,930 0 0
PROFOUND MED CORP COM NEW 74319B502 2,611 160,340 SH   SOLE 1 160,340 0 0
PROFOUND MED CORP COM NEW 74319B502 79 4,880 SH   SOLE _ 4,880 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 6,428 99,770 SH   SOLE 1 99,770 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 322 5,000 SH   SOLE _ 5,000 0 0
ROGERS COMMUNICATIONS INC CL B 775109200 5,943 111,820 SH   SOLE 1 111,820 0 0
ROYAL BK CDA COM 780087102 15,360 151,636 SH   SOLE 1 151,636 0 0
SHOPIFY INC CL A 82509L107 12,636 8,642 SH   SOLE 1 8,642 0 0
SILVERCREST METALS INC COM 828363101 3,265 372,690 SH   SOLE 1 372,690 0 0
SSR MNG INC COM 784730103 1,562 100,000 SH   SOLE 1 100,000 0 0
STANTEC INC COM 85472N109 691 15,500 SH   SOLE 1 15,500 0 0
STANTEC INC COM 85472N109 205 4,600 SH   SOLE _ 4,600 0 0
STARBUCKS CORP COM 855244109 1,470 13,150 SH   SOLE 1 13,150 0 0
STRYKER CORPORATION COM 863667101 3,896 15,000 SH   SOLE 1 15,000 0 0
SUN LIFE FINANCIAL INC. COM 866796105 3,987 77,327 SH   SOLE 1 77,327 0 0
SUNCOR ENERGY INC NEW COM 867224107 7,754 323,775 SH   SOLE 1 323,775 0 0
SYSCO CORP COM 871829107 544 7,000 SH   SOLE 1 7,000 0 0
TC ENERGY CORP COM 87807B107 4,060 82,065 SH   SOLE 1 82,065 0 0
TECK RESOURCES LTD CL B 878742204 1,941 84,300 SH   SOLE 1 84,300 0 0
TFI INTL INC COM 87241L109 1,806 19,780 SH   SOLE 1 19,780 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 9,344 133,352 SH   SOLE 1 133,352 0 0
TRANSALTA CORP COM 89346D107 6,383 640,546 SH   SOLE 1 640,546 0 0
UNIVERSAL LOGISTICS HLDGS IN COM 91388P105 953 40,918 SH   SOLE 1 40,918 0 0
VISA INC COM CL A 92826C839 2,923 12,500 SH   SOLE 1 12,500 0 0
VULCAN MATLS CO COM 929160109 870 5,000 SH   SOLE 1 5,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 2,096 47,550 SH   SOLE 1 47,550 0 0