Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RCI	ROGERS COMMUNICATIONS INC	433,489	$20.29M	7.8%	$46.81 *	$45.28	-8.0%	CL B	775109200
CP	CANADIAN PACIFIC KANSAS CITY	177,860	$14.07M	5.4%	$79.10 *	$77.51	-6.9%	COM	13646K108
RBA	RB GLOBAL INC	160,550	$10.74M	4.1%	$66.90 *	$58.70	+9.5%	COM	74935Q107
URI	UNITED RENTALS INC	17,670	$10.13M	3.9%	$573.42 *	$322.51	+43.5%	COM	911363109
AEM	AGNICO EAGLE MINES LTD	175,877	$9.645M	3.7%	$54.84 *	$46.21	+3.8%	COM	008474108
RY	ROYAL BK CDA	91,199	$9.223M	3.6%	$101.13 *	$76.92	+14.5%	COM	780087102
UBER	UBER TECHNOLOGIES INC	136,500	$8.404M	3.2%	$61.57 *	$40.68	+28.6%	COM	90353T100
—	OSISKO GOLD ROYALTIES LTD	547,872	$7.819M	3.0%	$14.27	$11.90	—	COM	68827L101
DCBO	DOCEBO INC	154,442	$7.459M	2.9%	$48.29 *	$38.25	+16.5%	COM	25609L105
TD	TORONTO DOMINION BK ONT	108,431	$7.007M	2.7%	$64.62 *	$56.24	+6.6%	COM NEW	891160509
BBU	BROOKFIELD BUSINESS PARTNERS	334,267	$6.892M	2.7%	$20.62	$20.62	—	UNIT LTD L P	G16234109
BIP	BROOKFIELD INFRAST PARTNERS	215,800	$6.799M	2.6%	$31.50	$32.77	—	LP INT UNIT	G16252101
SHOP	SHOPIFY INC	77,150	$6.007M	2.3%	$77.86 *	$45.95	+39.0%	CL A	82509L107
BN	BROOKFIELD CORP	149,178	$5.984M	2.3%	$40.11 *	$22.00	+1.7%	CL A LTD VT SH	11271J107
CVE	CENOVUS ENERGY INC	358,030	$5.966M	2.3%	$16.66 *	$16.63	+3.7%	COM	15135U109
TFPM	TRIPLE FLAG PRECIOUS METAL	406,589	$5.413M	2.1%	$13.31	$13.49	-3.0%	COM	89679M104
BMO	BANK MONTREAL QUE	54,511	$5.394M	2.1%	$98.95 *	$74.37	+3.0%	COM	063671101
MFC	MANULIFE FINL CORP	239,211	$5.286M	2.0%	$22.10 *	$18.83	+2.0%	COM	56501R106
TRP	TC ENERGY CORP	126,425	$4.941M	1.9%	$39.08 *	$35.43	-6.9%	COM	87807B107
—	ENERPLUS CORP	305,870	$4.689M	1.8%	$15.33	$8.58	—	COM	292766102
EFXT	ENERFLEX LTD	942,800	$4.362M	1.7%	$4.63 *	$6.33	-32.7%	COM	29269R105
QSR	RESTAURANT BRANDS INTL INC	53,380	$4.171M	1.6%	$78.13 *	$67.97	+2.3%	COM	76131D103
GFL	GFL ENVIRONMENTAL INC	118,230	$4.079M	1.6%	$34.50 *	$29.34	+3.5%	SUB VTG SHS	36168Q104
BAC	BANK AMERICA CORP	101,000	$3.401M	1.3%	$33.67 *	$27.61	0.0%	COM	060505104
BLDR	BUILDERS FIRSTSOURCE INC	20,000	$3.339M	1.3%	$166.94 *	$132.90	0.0%	COM	12008R107
CM	CANADIAN IMPERIAL BK COMM TO	68,970	$3.321M	1.3%	$48.15 *	$36.78	0.0%	COM	136069101
ENB	ENBRIDGE INC	88,508	$3.186M	1.2%	$36.00 *	$25.47	+15.4%	COM	29250N105
CNQ	CANADIAN NAT RES LTD	46,765	$3.064M	1.2%	$65.52 *	$14.54	+105.2%	COM	136385101
SLF	SUN LIFE FINANCIAL INC.	58,040	$3.01M	1.2%	$51.86 *	$45.16	+9.0%	COM	866796105
AER	AERCAP HOLDINGS NV	35,000	$2.601M	1.0%	$74.32 *	$65.01	0.0%	SHS	N00985106
ETN	EATON CORP PLC	10,000	$2.408M	0.9%	$240.82 *	$215.55	0.0%	SHS	G29183103
CCJ	CAMECO CORP	55,440	$2.39M	0.9%	$43.11 *	$23.71	+75.6%	COM	13321L108
PDS	PRECISION DRILLING CORP	43,160	$2.344M	0.9%	$54.31 *	$30.93	+86.7%	COM NEW	74022D407
—	CRESCENT PT ENERGY CORP	337,290	$2.339M	0.9%	$6.94	$6.33	—	COM	22576C101
UNP	UNION PAC CORP	9,490	$2.331M	0.9%	$245.62 *	$207.63	+0.8%	COM	907818108
TAC	TRANSALTA CORP	278,390	$2.315M	0.9%	$8.32 *	$10.50	-23.0%	COM	89346D107
DNN	DENISON MINES CORP	1,317,670	$2.307M	0.9%	$1.75 *	$1.63	+2.7%	COM	248356107
PH	PARKER-HANNIFIN CORP	5,000	$2.304M	0.9%	$460.70 *	$391.41	+4.0%	COM	701094104
UUUU	ENERGY FUELS INC	319,050	$2.288M	0.9%	$7.17 *	$7.00	+10.5%	COM NEW	292671708
BNS	BANK NOVA SCOTIA HALIFAX	46,867	$2.281M	0.9%	$48.68 *	$47.14	-16.1%	COM	064149107
HBM	HUDBAY MINERALS INC	412,640	$2.27M	0.9%	$5.50 *	$4.79	-2.0%	COM	443628102
PBA	PEMBINA PIPELINE CORP	64,310	$2.214M	0.9%	$34.43 *	$30.28	-3.4%	COM	706327103
—	BARRICK GOLD CORP	120,600	$2.179M	0.8%	$18.07	$17.74	—	COM	067901108
TJX	TJX COS INC NEW	22,580	$2.118M	0.8%	$93.81 *	$87.27	0.0%	COM	872540109
WPM	WHEATON PRECIOUS METALS CORP	42,590	$2.101M	0.8%	$49.34 *	$40.30	+10.4%	COM	962879102
SU	SUNCOR ENERGY INC NEW	62,845	$2.013M	0.8%	$32.04 *	$18.01	+68.5%	COM	867224107
AMZN	AMAZON COM INC	12,500	$1.899M	0.7%	$151.94 *	$124.10	+13.0%	COM	023135106
NTR	NUTRIEN LTD	31,230	$1.76M	0.7%	$56.34 *	$50.99	+3.0%	COM	67077M108
XPO	XPO INC	19,510	$1.709M	0.7%	$87.59 *	$60.89	+33.8%	COM	983793100
HWM	HOWMET AEROSPACE INC	30,000	$1.624M	0.6%	$54.12 *	$44.95	+9.1%	COM	443201108
GE	GENERAL ELECTRIC CO	12,500	$1.595M	0.6%	$127.63 *	$88.66	+3.2%	COM NEW	369604301
NXE	NEXGEN ENERGY LTD	220,410	$1.542M	0.6%	$7.00 *	$4.44	+40.4%	COM	65340P106
—	SANDSTORM GOLD LTD	300,430	$1.51M	0.6%	$5.03	$5.43	—	COM NEW	80013R206
IAG	IAMGOLD CORP	569,043	$1.434M	0.6%	$2.52 *	$2.08	+15.0%	COM	450913108
WCN	WASTE CONNECTIONS INC	8,600	$1.284M	0.5%	$149.33 *	$135.64	0.0%	COM	94106B101
WFC	WELLS FARGO CO NEW	25,000	$1.23M	0.5%	$49.22 *	$40.69	+0.8%	COM	949746101
MEOH	METHANEX CORP	25,720	$1.217M	0.5%	$47.31 *	$43.48	0.0%	COM	59151K108
GIB	CGI INC	10,640	$1.14M	0.4%	$107.13 *	$85.38	+18.1%	CL A SUB VTG	12532H104
TRI	THOMSON REUTERS CORP.	7,696	$1.125M	0.4%	$146.21 *	$128.15	0.0%	COM	884903808
TECK	TECK RESOURCES LTD	24,800	$1.048M	0.4%	$42.27 *	$32.72	+17.4%	CL B	878742204
—	MAG SILVER CORP	100,140	$1.042M	0.4%	$10.41	$10.34	—	COM	55903Q104
AG	FIRST MAJESTIC SILVER CORP	154,220	$946K	0.4%	$6.14 *	$5.48	0.0%	COM	32076V103
MGA	MAGNA INTL INC	15,800	$934K	0.4%	$59.09 *	$49.65	0.0%	COM	559222401
FNV	FRANCO NEV CORP	6,590	$730K	0.3%	$110.77 *	$140.11	-14.8%	COM	351858105
ORLA	ORLA MNG LTD NEW	200,280	$653K	0.3%	$3.26 *	$4.28	-26.7%	COM	68634K106
EXK	ENDEAVOUR SILVER CORP	330,470	$648K	0.3%	$1.96 *	$3.36	-35.4%	COM	29258Y103
ODV	OSISKO DEVELOPMENT CORP	195,210	$567K	0.2%	$2.91 *	$4.74	-36.4%	COM NEW	68828E809
STN	STANTEC INC	4,290	$344K	0.1%	$80.29	$45.77	—	COM	85472N109
ATS	ATS CORPORATION	6,335	$273K	0.1%	$43.10 *	$43.03	-9.8%	COM	00217Y104
—	PRIMO WATER CORPORATION	12,770	$192K	0.1%	$15.06	$12.99	—	COM	74167P108