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
Agrium Inc. COM 008916108 38,737 433,516 SH   SOLE   433,516 0 0
Bank of Montreal COM 063671101 49,437 876,301 SH   SOLE   876,301 0 0
Bank of Nova Scotia COM 064149107 44,229 1,093,694 SH   SOLE   1,093,694 0 0
BCE Inc. COM 05534B760 39,148 1,013,472 SH   SOLE   1,013,472 0 0
Canadian Imperial Bank of Comm COM 136069101 45,574 691,688 SH   SOLE   691,688 0 0
Canadian Natural Resources Ltd COM 136385101 39,072 1,789,421 SH   SOLE   1,789,421 0 0
Cenovus Energy Inc. COM 15135U109 32,903 2,602,319 SH   SOLE   2,602,319 0 0
Potash Corp of Saskatchewan In COM 73755L107 18,263 1,066,499 SH   SOLE   1,066,499 0 0
Royal Bank of Canada COM 780087102 49,734 928,263 SH   SOLE   928,263 0 0
Sun Life Financial Inc. COM 866796105 35,695 1,144,879 SH   SOLE   1,144,879 0 0
Suncor Energy Inc. COM 867224107 38,743 1,501,128 SH   SOLE   1,501,128 0 0
TELUS Corp. COM 87971M103 35,511 1,284,553 SH   SOLE   1,284,553 0 0
Toronto-Dominion Bank COM 891160509 52,500 1,339,606 SH   SOLE   1,339,606 0 0
TransCanada Corp. COM 89353D107 38,423 1,176,787 SH   SOLE   1,176,787 0 0
Baytex Energy Corp. COM 07317Q105 1,555 480,500 SH   SOLE   480,500 0 0
Canadian National Railway Co. COM 136375102 224 4,000 SH   SOLE   4,000 0 0
Vermilion Energy Inc. COM 923725105 11,522 424,025 SH   SOLE   424,025 0 0
Becton Dickinson and Co. COM 075887109 13,173 85,488 SH   SOLE   85,488 0 0
Cisco Systems Inc. COM 17275R102 11,985 441,341 SH   SOLE   441,341 0 0
Deere & Co. COM 244199105 8,871 116,314 SH   SOLE   116,314 0 0
General Electric Co. COM 369604103 14,467 464,440 SH   SOLE   464,440 0 0
General Mills Inc. COM 370334104 12,367 214,476 SH   SOLE   214,476 0 0
Honeywell International Inc. COM 438516106 12,381 119,539 SH   SOLE   119,539 0 0
Intel Corporation COM 458140100 13,095 380,115 SH   SOLE   380,115 0 0
Johnson & Johnson COM 478160104 12,539 122,065 SH   SOLE   122,065 0 0
Microsoft Corp. COM 594918104 14,797 266,714 SH   SOLE   266,714 0 0
NextEra Energy Inc. COM 65339F101 6,939 66,795 SH   SOLE   66,795 0 0
Oracle Corp COM 68389X105 10,463 286,418 SH   SOLE   286,418 0 0
PNC Financial Services Group I COM 693475105 13,130 137,766 SH   SOLE   137,766 0 0
SunTrust Banks Inc. COM 867914103 10,305 240,535 SH   SOLE   240,535 0 0
The JM Smucker Co. COM 832696405 8,953 72,590 SH   SOLE   72,590 0 0
United Technologies Corp. COM 913017109 10,289 107,096 SH   SOLE   107,096 0 0
US Bancorp COM 902973304 12,129 284,240 SH   SOLE   284,240 0 0
Verizon Communications Inc. COM 92343V104 11,676 252,625 SH   SOLE   252,625 0 0
Wells Fargo & Co. COM 9746101 13,172 42,312 SH   SOLE   242,312 0 0
Accenture PLC SPONSORED ADR G1151C101 334 3,200 SH   SOLE   3,200 0 0
Novartis AG ADR SPONSORED ADR 66987V109 4,869 56,585 SH   SOLE   56,585 0 0
Sanofi ADR SPONSORED ADR 80105N105 2,211 51,840 SH   SOLE   51,840 0 0
SAP SE ADR SPONSORED ADR 803054204 2,771 35,035 SH   SOLE   35,035 0 0
Unilever PLC ADR SPONSORED ADR 904767704 4,172 96,750 SH   SOLE   96,750 0 0
Granite Real Estate Investment UNIT 387437114 2,237 81,575 SH   SOLE   81,575 0 0