Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RY	ROYAL BK CDA MONTREAL QUE	1,072,961	$70.8M	9.4%	$59.71	+8.3%	COM	780087102
TD	TORONTO DOMINION BK ONT	1,494,548	$70.17M	9.4%	$42.66	+5.7%	COM NEW	891160509
ENB	ENBRIDGE INC	955,095	$43.47M	5.8%	$23.28	-2.2%	COM	29250N105
—	TRANSCANADA CORP	882,533	$40.17M	5.4%	$44.48	—	COM	89353D107
BCE	BCE INC	800,126	$34.52M	4.6%	$22.29	-3.5%	COM NEW	05534B760
BMO	BANK MONTREAL QUE	501,061	$33.58M	4.5%	$36.30	+10.6%	COM	063671101
CNI	CANADIAN NATL RY CO	582,713	$32.76M	4.4%	$41.63	+7.0%	COM	136375102
BNS	BANK N S HALIFAX	430,899	$25M	3.3%	$30.45	+4.8%	COM	064149107
SU	SUNCOR ENERGY INC NEW	629,548	$22.01M	2.9%	$19.64	+12.5%	COM	867224107
CM	CDN IMPERIAL BK OF COMMERCE	238,533	$20.56M	2.7%	$20.76	+12.4%	COM	136069101
CNQ	CANADIAN NAT RES LTD	506,225	$19.42M	2.6%	$8.76	+19.7%	COM	136385101
—	CRESCENT PT ENERGY CORP	509,722	$18.61M	2.5%	$36.51	—	COM	22576C101
RCI	ROGERS COMMUNICATIONS INC	440,371	$18.25M	2.4%	$47.25	-13.7%	CL B	775109200
—	THOMSON REUTERS CORP	464,992	$15.9M	2.1%	$33.25	—	COM	884903105
CVE	CENOVUS ENERGY INC	529,680	$15.34M	2.0%	$22.40	-7.4%	COM	15135U109
TU	TELUS CORP	414,167	$14.89M	2.0%	$16.88	+2.1%	COM	87971M103
PG	PROCTER & GAMBLE CO	140,493	$11.32M	1.5%	$55.00	+2.7%	COM	742718109
JNJ	JOHNSON & JOHNSON	113,779	$11.18M	1.5%	$59.66	+11.7%	COM	478160104
—	GENERAL ELECTRIC CO	414,007	$10.72M	1.4%	$23.67	—	COM	369604103
PFE	PFIZER INC	315,283	$10.13M	1.3%	$16.48	+10.4%	COM	717081103
—	ENCANA CORP	426,741	$9.124M	1.2%	$17.17	—	COM	292505104
SLF	SUN LIFE FINL INC	255,545	$8.849M	1.2%	$28.66	+20.1%	COM	866796105
WFC	WELLS FARGO & CO NEW	172,562	$8.584M	1.1%	$27.71	+20.6%	COM	949746101
MFC	MANULIFE FINL CORP	444,201	$8.578M	1.1%	$15.16	+26.2%	COM	56501R106
TECK	TECK RESOURCES LTD	391,857	$8.495M	1.1%	$25.96	-10.6%	CL B	878742204
MGA	MAGNA INTL INC	85,896	$8.273M	1.1%	$22.60	+41.8%	COM	559222401
ABBV	ABBVIE INC	154,239	$7.928M	1.1%	$27.03	+16.5%	COM	00287Y109
MCD	MCDONALDS CORP	80,066	$7.849M	1.0%	$71.80	-2.1%	COM	580135101
MSFT	MICROSOFT CORP	161,921	$6.637M	0.9%	$26.70	+17.1%	COM	594918104
VET	VERMILION ENERGY INC	95,985	$5.994M	0.8%	$52.02	+10.2%	COM	923725105
—	SHAW COMMUNICATIONS INC	248,078	$5.928M	0.8%	$24.14	—	CL B CONV	82028K200
—	POTASH CORP SASK INC	152,800	$5.535M	0.7%	$39.50	—	COM	73755L107
XOM	EXXON MOBIL CORP	56,463	$5.515M	0.7%	$53.73	+8.1%	COM	30231G102
MRK	MERCK & CO INC NEW	87,150	$4.948M	0.7%	$30.54	+17.1%	COM	58933Y105
JPM	JPMORGAN CHASE & CO	76,513	$4.645M	0.6%	$37.06	+13.6%	COM	46625H100
—	DU PONT E I DE NEMOURS & CO	66,100	$4.435M	0.6%	$54.30	—	COM	263534109
—	CANADIAN PAC RY LTD	27,490	$4.135M	0.6%	$123.64	—	COM	13645T100
VZ	VERIZON COMMUNICATIONS INC	79,752	$3.794M	0.5%	$26.88	-3.7%	COM	92343V104
IBM	INTERNATIONAL BUSINESS MACHS	19,392	$3.733M	0.5%	$117.85	-7.3%	COM	459200101
PM	PHILIP MORRIS INTL INC	44,709	$3.66M	0.5%	$49.60	-9.8%	COM	718172109
HON	HONEYWELL INTL INC	38,725	$3.592M	0.5%	$53.35	+21.3%	COM	438516106
CVS	CVS CAREMARK CORPORATION	47,383	$3.548M	0.5%	$41.44	+23.3%	COM	126650100
CMCSA	COMCAST CORP NEW	69,650	$3.486M	0.5%	$15.73	+26.8%	CL A	20030N101
—	GOLDCORP INC NEW	133,200	$3.261M	0.4%	$23.55	—	COM	380956409
—	PRAXAIR INC	24,648	$3.228M	0.4%	$117.58	—	COM	74005P104
CVX	CHEVRON CORP NEW	27,081	$3.22M	0.4%	$71.33	-1.4%	COM	166764100
CL	COLGATE PALMOLIVE CO	49,600	$3.218M	0.4%	$44.38	+7.9%	COM	194162103
—	BROOKFIELD ASSET MGMT INC	74,416	$3.04M	0.4%	$36.60	—	CL A LTD VT SH	112585104
—	AGRIUM INC	29,907	$2.916M	0.4%	$91.67	—	COM	008916108
—	CHUBB CORP	31,335	$2.798M	0.4%	$87.28	—	COM	171232101
AAPL	APPLE INC	5,167	$2.774M	0.4%	$13.74	+20.7%	COM	037833100
PEP	PEPSICO INC	31,587	$2.638M	0.4%	$56.00	+1.5%	COM	713448108
CCJ	CAMECO CORP	109,538	$2.508M	0.3%	$17.58	+11.1%	COM	13321L108
IMO	IMPERIAL OIL LTD	52,317	$2.436M	0.3%	$30.77	+10.0%	COM NEW	453038408
C	CITIGROUP INC	48,070	$2.288M	0.3%	$36.00	+3.0%	COM NEW	172967424
VFC	V F CORP	34,246	$2.119M	0.3%	$49.70	+13.3%	COM	918204108
ADP	AUTOMATIC DATA PROCESSING IN	26,527	$2.05M	0.3%	$45.19	+16.0%	COM	053015103
COP	CONOCOPHILLIPS	24,835	$1.747M	0.2%	$40.16	+13.1%	COM	20825C104
T	AT&T INC	48,100	$1.687M	0.2%	$11.36	-4.5%	COM	00206R102
—	TIM HORTONS INC	29,323	$1.622M	0.2%	$55.45	—	COM	88706M103
—	BARRICK GOLD CORP	85,869	$1.532M	0.2%	$13.91	—	COM	067901108
BTE	BAYTEX ENERGY CORP	35,694	$1.468M	0.2%	$32.17	+0.5%	COM	07317Q105
BIP	BROOKFIELD INFRAST PARTNERS	35,577	$1.404M	0.2%	$36.53	—	LP INT UNIT	G16252101
ABT	ABBOTT LABS	32,790	$1.263M	0.2%	$27.96	+9.9%	COM	002824100
—	FAMILY DLR STORES INC	20,235	$1.174M	0.2%	$65.46	—	COM	307000109
ACN	ACCENTURE PLC IRELAND	14,432	$1.15M	0.2%	$63.81	+4.9%	SHS CLASS A	G1151C101
VWO	VANGUARD INTL EQUITY INDEX F	28,200	$1.144M	0.2%	$38.22	—	FTSE EMR MKT ETF	922042858
TGT	TARGET CORP	17,110	$1.035M	0.1%	$47.95	-13.2%	COM	87612E106
MO	ALTRIA GROUP INC	23,960	$897K	0.1%	$17.15	-0.1%	COM	02209S103
PBA	PEMBINA PIPELINE CORP	23,492	$894K	0.1%	$16.72	+14.3%	COM	706327103
SPY	SPDR S&P 500 ETF TR	4,770	$892K	0.1%	$166.42	—	TR UNIT	78462F103
CSCO	CISCO SYS INC	39,440	$884K	0.1%	$15.49	-1.2%	COM	17275R102
KO	COCA COLA CO	22,231	$859K	0.1%	$27.74	-4.3%	COM	191216100
DEO	DIAGEO P L C	6,733	$839K	0.1%	$120.29	—	SPON ADR NEW	25243Q205
KMI	KINDER MORGAN INC DEL	25,200	$819K	0.1%	$19.06	-3.3%	COM	49456B101
PPG	PPG INDS INC	4,130	$798K	0.1%	$59.61	+29.5%	COM	693506107
BRK/B	BERKSHIRE HATHAWAY INC DEL	6,258	$782K	0.1%	$111.62	+4.7%	CL B NEW	084670702
QCOM	QUALCOMM INC	7,070	$558K	0.1%	$48.30	+11.8%	COM	747525103
EFA	ISHARES	7,415	$498K	0.1%	$59.51	—	MSCI EAFE ETF	464287465
EEM	ISHARES	12,155	$498K	0.1%	$38.34	—	MSCI EMG MKT ETF	464287234
DIS	DISNEY WALT CO	6,180	$495K	0.1%	$69.69	0.0%	COM DISNEY	254687106
IDV	ISHARES	12,500	$483K	0.1%	$34.47	—	INTL SEL DIV ETF	464288448
PAYX	PAYCHEX INC	10,459	$446K	0.1%	$25.02	+17.9%	COM	704326107
TAC	TRANSALTA CORP	37,839	$440K	0.1%	$13.94	-11.3%	COM	89346D107
—	PROGRESSIVE WASTE SOLUTIONS	17,365	$439K	0.1%	$23.50	—	COM	74339G101
—	TALISMAN ENERGY INC	42,623	$425K	0.1%	$11.63	—	COM	87425E103
ORCL	ORACLE CORP	10,400	$425K	0.1%	$27.07	+18.2%	COM	68389X105
MMM	3M CO	3,030	$411K	0.1%	$62.41	+22.2%	COM	88579Y101
INTC	INTEL CORP	13,900	$359K	0.0%	$17.17	+8.7%	COM	458140100
AFL	AFLAC INC	5,650	$356K	0.0%	$22.45	+6.8%	COM	001055102
CAT	CATERPILLAR INC DEL	3,500	$348K	0.0%	$61.70	+13.0%	COM	149123101
ITW	ILLINOIS TOOL WKS INC	4,158	$338K	0.0%	$49.96	+22.7%	COM	452308109
BEP	BROOKFIELD RENEWABLE ENRGY P	11,540	$336K	0.0%	$27.35	—	PARTNERSHIP UNIT	G16258108
—	KELLOGG CO	5,330	$334K	0.0%	$38.68	-3.0%	COM	487836108
EFG	ISHARES	4,625	$328K	0.0%	$63.14	—	EAFE GRWTH ETF	464288885
EPD	ENTERPRISE PRODS PARTNERS L	4,500	$312K	0.0%	$63.78	—	COM	293792107
MET	METLIFE INC	5,810	$307K	0.0%	$30.13	+3.1%	COM	59156R108
—	MAGELLAN MIDSTREAM PRTNRS LP	4,400	$307K	0.0%	$54.55	—	COM UNIT RP LP	559080106
—	GOOGLE INC	267	$298K	0.0%	$918.53	—	CL A	38259P508
IFF	INTERNATIONAL FLAVORS&FRAGRA	3,100	$297K	0.0%	$61.41	+10.8%	COM	459506101
V	VISA INC	1,329	$287K	0.0%	$42.41	+20.5%	COM CL A	92826C839
—	IAC INTERACTIVECORP	3,850	$275K	0.0%	$55.12	—	COM PAR $.001	44919P508
DUK	DUKE ENERGY CORP NEW	3,700	$264K	0.0%	$42.41	+0.6%	COM NEW	26441C204
—	GROUPE CGI INC	8,357	$258K	0.0%	$29.41	—	CL A SUB VTG	39945C109
EFV	ISHARES	4,270	$246K	0.0%	$49.41	—	EAFE VALUE ETF	464288877
—	VALEANT PHARMACEUTICALS INTL	1,760	$232K	0.0%	$117.89	—	COM	91911K102
GM	GENERAL MTRS CO	6,650	$229K	0.0%	$28.17	-2.6%	COM	37045V100
AXP	AMERICAN EXPRESS CO	2,549	$229K	0.0%	$70.00	+7.9%	COM	025816109
CSX	CSX CORP	7,870	$228K	0.0%	$7.37	+4.1%	COM	126408103
MKL	MARKEL CORP	370	$221K	0.0%	$542.65	+5.0%	COM	570535104
SYY	SYSCO CORP	6,080	$220K	0.0%	$24.50	+6.6%	COM	871829107
—	ONEOK PARTNERS LP	4,000	$214K	0.0%	$50.00	—	UNIT LTD PARTN	68268N103
EMR	EMERSON ELEC CO	3,190	$213K	0.0%	$44.05	+8.5%	COM	291011104
—	WALGREEN CO	3,200	$211K	0.0%	$57.50	—	COM	931422109
BMY	BRISTOL MYERS SQUIBB CO	3,955	$205K	0.0%	$34.16	+5.2%	COM	110122108
—	YAMANA GOLD INC	16,020	$141K	0.0%	$9.01	—	COM	98462Y100