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
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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
Agrium Inc. COM 008916108 38,869 439,701 SH   SOLE   439,701 0 0
Bank of Montreal COM 063671101 53,029 872,161 SH   SOLE   872,161 0 0
Bank of Nova Scotia COM 064149107 54,413 1,112,055 SH   SOLE   1,112,055 0 0
BCE Inc. COM 05534B760 47,034 1,030,772 SH   SOLE   1,030,772 0 0
Canadian National Railway Co. COM 136375102 24,891 388,625 SH   SOLE   388,625 0 0
Canadian Natural Resources Ltd COM 136385101 49,666 1,833,904 SH   SOLE   1,833,904 0 0
Cenovus Energy Inc. COM 15135U109 35,070 2,691,819 SH   SOLE   2,691,819 0 0
Sun Life Financial Inc. COM 866796105 39,316 1,217,163 SH   SOLE   1,217,163 0 0
Suncor Energy Inc. COM 867224107 43,196 1,549,163 SH   SOLE   1,549,163 0 0
TELUS Corp. COM 87971M103 46,333 1,421,533 SH   SOLE   1,421,533 0 0
Toronto-Dominion Bank COM 891160509 57,590 1,332,579 SH   SOLE   1,332,579 0 0
TransCanada Corp. COM 89353D107 47,974 1,218,745 SH   SOLE   1,218,745 0 0
Vermilion Energy Inc. COM 923725105 9,280 316,713 SH   SOLE   316,713 0 0
Baytex Energy Corp. COM 07317Q105 14 3,500 SH   SOLE   3,500 0 0
Canadian Imperial Bank of Comm COM 136069101 51,786 692,363 SH   SOLE   692,363 0 0
Enbridge Inc. COM 29250N105 17,308 444,034 SH   SOLE   444,034 0 0
Encana Corp. COM 292505104 18 3,000 SH   SOLE   3,000 0 0
Magna International Inc. COM 559222401 69 1,600 SH   SOLE   1,600 0 0
Manulife Financial Corp. COM 56501R106 35 2,500 SH   SOLE   2,500 0 0
Potash Corp of Saskatchewan In COM 73755L107 113 6,650 SH   SOLE   6,650 0 0
Royal Bank of Canada COM 780087102 53,952 935,253 SH   SOLE   935,253 0 0
Becton Dickinson and Co. COM 075887109 11,812 77,800 SH   SOLE   77,800 0 0
Cisco Systems Inc. COM 17275R102 11,762 413,139 SH   SOLE   413,139 0 0
Deere & Co. COM 244199105 8,621 111,977 SH   SOLE   111,977 0 0
General Electric Co. COM 369604103 13,003 409,025 SH   SOLE   409,025 0 0
General Mills Inc. COM 370334104 12,373 195,311 SH   SOLE   195,311 0 0
Honeywell International Inc. COM 438516106 11,986 106,967 SH   SOLE   106,967 0 0
Intel Corporation COM 458140100 11,721 362,325 SH   SOLE   362,325 0 0
Johnson & Johnson COM 478160104 12,158 112,365 SH   SOLE   112,365 0 0
Microsoft Corp. COM 594918104 13,326 241,276 SH   SOLE   241,276 0 0
NextEra Energy Inc. COM 65339F101 8,206 69,343 SH   SOLE   69,343 0 0
Oracle Corp COM 68389X105 10,026 245,078 SH   SOLE   245,078 0 0
PNC Financial Services Group I COM 693475105 11,027 130,394 SH   SOLE   130,394 0 0
SunTrust Banks Inc. COM 867914103 7,700 213,412 SH   SOLE   213,412 0 0
The JM Smucker Co. COM 832696405 9,244 71,195 SH   SOLE   71,195 0 0
United Technologies Corp. COM 913017109 10,584 105,738 SH   SOLE   105,738 0 0
US Bancorp COM 902973304 11,102 273,525 SH   SOLE   273,525 0 0
Verizon Communications Inc. COM 92343V104 12,515 231,415 SH   SOLE   231,415 0 0
Wells Fargo & Co. COM 949746101 11,102 229,575 SH   SOLE   229,575 0 0
Novartis AG ADR SPONSORED ADR 66987V109 4,349 60,030 SH   SOLE   60,030 0 0
Sanofi ADR SPONSORED ADR 80105N105 3,155 78,560 SH   SOLE   78,560 0 0
SAP SE ADR SPONSORED ADR 803054204 3,228 40,145 SH   SOLE   40,145 0 0
Unilever PLC ADR SPONSORED ADR 904767704 4,413 97,670 SH   SOLE   97,670 0 0
Granite Real Estate Investment UNIT 387437114 1,730 59,975 SH   SOLE   59,975 0 0