Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
TAC	TRANSALTA CORP	653,290	$9.029M	2.6%	$13.82	$13.82	—	COM	89346D107
JETS	ETF SER SOLUTIONS	210,000	$6.976M	2.0%	$33.22	$33.22	—	US GLB JETS	26922A842
TGB	TREKOR METALS LTD	832,000	$5.732M	1.6%	$6.89	$6.89	—	COM	89472Y107
OCANF	OCEANAGOLD CORP	166,270	$4.164M	1.2%	$25.04	$25.04	—	COM NEW	675222400
TRI	THOMSON REUTERS CORP	41,040	$3.349M	1.0%	$81.60	$81.60	—	COM	884903881
GFR	GREENFIRE RES LTD NEW	444,657	$2.512M	0.7%	$5.65	$5.65	—	COM SHS	39525U107
FNV	FRANCO NEV CORP	10,630	$2.216M	0.6%	$208.45	$208.45	—	COM	351858105
TSAT	TELESAT CORP	31,180	$1.58M	0.5%	$50.67	$50.67	—	CL A & CL B SHS	879512309
SSMR	SUNSHINE SILVER MNG & REFNG	100,000	$1.322M	0.4%	$13.22	$13.22	—	COMMON STOCK	867866105
DCBO	DOCEBO INC	65,500	$1.171M	0.3%	$17.87	$17.87	—	COM	25609L105

Increased Positions (21)

BNS BANK NOVA SCOTIA B C 2.5%

Value $8.613M (+1742.3%) Shares 99,350 (+1374.0%) Share Price $86.69 Est. Cost/Share $84.36 Unrealized @ Report Date —

HBM HUDBAY MINERALS INC 3.2%

Value $11.21M (+231.1%) Shares 475,210 (+194.0%) Share Price $23.59 Est. Cost/Share $23.88 Unrealized @ Report Date —

CLS CELESTICA INC 1.7%

Value $6.085M (+129.9%) Shares 16,658 (+77.6%) Share Price $365.27 Est. Cost/Share $301.56 Unrealized @ Report Date —

BN BROOKFIELD CORP 2.1%

Value $7.449M (+81.9%) Shares 174,760 (+73.0%) Share Price $42.62 Est. Cost/Share $41.33 Unrealized @ Report Date —

ALM ALMONTY INDS INC 1.7%

Value $6.057M (+108.1%) Shares 366,557 (+83.3%) Share Price $16.52 Est. Cost/Share $14.00 Unrealized @ Report Date —

KNX KNIGHT-SWIFT TRANSN HLDGS IN 1.6%

Value $5.709M (+122.3%) Shares 73,320 (+64.4%) Share Price $77.87 Est. Cost/Share $61.20 Unrealized @ Report Date —

BMO BANK MONTREAL MEDIUM 2.4%

Value $8.249M (+40.6%) Shares 46,780 (+8.0%) Share Price $176.34 Est. Cost/Share $99.95 Unrealized @ Report Date —

LSPD LIGHTSPEED COMMERCE INC 1.2%

Value $4.162M (+85.5%) Shares 397,910 (+58.6%) Share Price $10.46 Est. Cost/Share $11.67 Unrealized @ Report Date —

MFC MANULIFE FINL CORP 1.4%

Value $4.954M (+42.7%) Shares 122,261 (+21.3%) Share Price $40.52 Est. Cost/Share $24.67 Unrealized @ Report Date —

CNI CANADIAN NATL RY CO 2.2%

Value $7.743M (+20.8%) Shares 64,960 (+4.3%) Share Price $119.20 Est. Cost/Share $102.81 Unrealized @ Report Date —

ATS ATS CORPORATION 0.7%

Value $2.466M (+74.9%) Shares 85,640 (+71.3%) Share Price $28.80 Est. Cost/Share $29.48 Unrealized @ Report Date —

CNQ CANADIAN NAT RES LTD MED TER 1.5%

Value $5.235M (-16.0%) Shares 132,430 (+3.6%) Share Price $39.53 Est. Cost/Share $29.40 Unrealized @ Report Date —

PPTA PERPETUA RESOURCES CORP 1.1%

Value $3.741M (-19.1%) Shares 180,390 (+9.9%) Share Price $20.74 Est. Cost/Share $29.43 Unrealized @ Report Date —

BTE BAYTEX ENERGY CORP 3.8%

Value $13.37M (+6.5%) Shares 3,334,828 (+18.8%) Share Price $4.01 Est. Cost/Share $3.04 Unrealized @ Report Date —

SU SUNCOR ENERGY INC NEW 1.4%

Value $4.717M (-14.3%) Shares 87,760 (+5.5%) Share Price $53.74 Est. Cost/Share $34.54 Unrealized @ Report Date —

FSM FORTUNA MNG CORP 1.0%

Value $3.305M (+28.7%) Shares 391,330 (+51.5%) Share Price $8.45 Est. Cost/Share $6.72 Unrealized @ Report Date —

GIL GILDAN ACTIVEWEAR INC 0.3%

Value $1.14M (+158.7%) Shares 22,131 (+179.7%) Share Price $51.50 Est. Cost/Share $53.00 Unrealized @ Report Date —

CP CANADIAN PACIFIC KANSAS CITY 1.4%

Value $4.894M (+15.7%) Shares 56,500 (+5.2%) Share Price $86.61 Est. Cost/Share $77.37 Unrealized @ Report Date —

ENB ENBRIDGE INC 2.0%

Value $6.921M (+3.3%) Shares 127,750 (+3.4%) Share Price $54.17 Est. Cost/Share $37.24 Unrealized @ Report Date —

CCJ CAMECO CORP 0.9%

Value $3.259M (-2.9%) Shares 32,010 (+3.5%) Share Price $101.83 Est. Cost/Share $62.11 Unrealized @ Report Date —

SHOP SHOPIFY INC 2.5%

Value $8.82M (-0.7%) Shares 77,170 (+3.1%) Share Price $114.29 Est. Cost/Share $63.93 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
BNS	BANK NOVA SCOTIA B C	99,350 (+1374.0%)	$8.613M (+1742.3%)	2.5%	$86.69	$84.36	—	COM	064149107
HBM	HUDBAY MINERALS INC	475,210 (+194.0%)	$11.21M (+231.1%)	3.2%	$23.59	$23.88	—	COM	443628102
CLS	CELESTICA INC	16,658 (+77.6%)	$6.085M (+129.9%)	1.7%	$365.27	$301.56	—	COM	15101Q207
BN	BROOKFIELD CORP	174,760 (+73.0%)	$7.449M (+81.9%)	2.1%	$42.62	$41.33	—	CL A LTD VT SH	11271J107
ALM	ALMONTY INDS INC	366,557 (+83.3%)	$6.057M (+108.1%)	1.7%	$16.52	$14.00	—	COM NEW	020398707
KNX	KNIGHT-SWIFT TRANSN HLDGS IN	73,320 (+64.4%)	$5.709M (+122.3%)	1.6%	$77.87	$61.20	—	CL A	499049104
BMO	BANK MONTREAL MEDIUM	46,780 (+8.0%)	$8.249M (+40.6%)	2.4%	$176.34	$99.95	—	COM	063671101
LSPD	LIGHTSPEED COMMERCE INC	397,910 (+58.6%)	$4.162M (+85.5%)	1.2%	$10.46	$11.67	—	SUB VTG SHS	53229C107
MFC	MANULIFE FINL CORP	122,261 (+21.3%)	$4.954M (+42.7%)	1.4%	$40.52	$24.67	—	COM	56501R106
CNI	CANADIAN NATL RY CO	64,960 (+4.3%)	$7.743M (+20.8%)	2.2%	$119.20	$102.81	—	COM	136375102
ATS	ATS CORPORATION	85,640 (+71.3%)	$2.466M (+74.9%)	0.7%	$28.80	$29.48	—	COM	00217Y104
CNQ	CANADIAN NAT RES LTD MED TER	132,430 (+3.6%)	$5.235M (-16.0%)	1.5%	$39.53	$29.40	—	COM	136385101
PPTA	PERPETUA RESOURCES CORP	180,390 (+9.9%)	$3.741M (-19.1%)	1.1%	$20.74	$29.43	—	COM	714266103
BTE	BAYTEX ENERGY CORP	3,334,828 (+18.8%)	$13.37M (+6.5%)	3.8%	$4.01	$3.04	—	COM	07317Q105
SU	SUNCOR ENERGY INC NEW	87,760 (+5.5%)	$4.717M (-14.3%)	1.4%	$53.74	$34.54	—	COM	867224107
FSM	FORTUNA MNG CORP	391,330 (+51.5%)	$3.305M (+28.7%)	1.0%	$8.45	$6.72	—	COM NEW	349942102
GIL	GILDAN ACTIVEWEAR INC	22,131 (+179.7%)	$1.14M (+158.7%)	0.3%	$51.50	$53.00	—	COM	375916103
CP	CANADIAN PACIFIC KANSAS CITY	56,500 (+5.2%)	$4.894M (+15.7%)	1.4%	$86.61	$77.37	—	COM	13646K108
ENB	ENBRIDGE INC	127,750 (+3.4%)	$6.921M (+3.3%)	2.0%	$54.17	$37.24	—	COM	29250N105
CCJ	CAMECO CORP	32,010 (+3.5%)	$3.259M (-2.9%)	0.9%	$101.83	$62.11	—	COM	13321L108
SHOP	SHOPIFY INC	77,170 (+3.1%)	$8.82M (-0.7%)	2.5%	$114.29	$63.93	—	CL A SUB VTG SHS	82509L107

Exited Positions (7)

GFL GFL ENVIRONMENTAL INC 2.3%

Value $7.836M Shares 187,807 Share Price $41.72 Est. Cost/Share $42.91 Unrealized @ Report Date —

TGB TASEKO MINES LTD 1.9%

Value $6.595M Shares 1,017,980 Share Price $6.48 Est. Cost/Share $3.96 Unrealized @ Report Date —

BEP BROOKFIELD RENEWABLE ENERGY 1.6%

Value $5.566M Shares 170,580 Share Price $32.63 Est. Cost/Share $32.63 Unrealized @ Report Date —

ORLA ORLA MNG LTD NEW 1.4%

Value $4.908M Shares 305,180 Share Price $16.08 Est. Cost/Share $10.43 Unrealized @ Report Date —

CVNA CARVANA CO 0.6%

Value $2.042M Shares 6,496 Share Price $314.38 Est. Cost/Share $202.69 Unrealized @ Report Date —

GIB CGI INC 0.4%

Value $1.519M Shares 20,780 Share Price $73.12 Est. Cost/Share $89.01 Unrealized @ Report Date —

AGI ALAMOS GOLD INC 0.4%

Value $1.505M Shares 33,820 Share Price $44.50 Est. Cost/Share $42.54 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GFL	GFL ENVIRONMENTAL INC	187,807	$7.836M	2.3%	$41.72	$42.91	—	—	36168Q104
TGB	TASEKO MINES LTD	1,017,980	$6.595M	1.9%	$6.48	$3.96	—	—	876511106
BEP	BROOKFIELD RENEWABLE ENERGY	170,580	$5.566M	1.6%	$32.63	$32.63	—	—	G16258108
ORLA	ORLA MNG LTD NEW	305,180	$4.908M	1.4%	$16.08	$10.43	—	—	68634K106
CVNA	CARVANA CO	6,496	$2.042M	0.6%	$314.38	$202.69	—	—	146869102
GIB	CGI INC	20,780	$1.519M	0.4%	$73.12	$89.01	—	—	12532H104
AGI	ALAMOS GOLD INC	33,820	$1.505M	0.4%	$44.50	$42.54	—	—	011532108

Decreased Positions (27)

CAE CAE INC 2.4%

Value $8.482M (-58.4%) Shares 339,091 (-56.7%) Share Price $25.01 Est. Cost/Share $28.01 Unrealized @ Report Date —

BGSI BOYD GROUP SERVICES INC 0.1%

Value $387K (-96.8%) Shares 4,092 (-95.6%) Share Price $94.59 Est. Cost/Share $160.25 Unrealized @ Report Date —

BBUC BROOKFIELD BUSINESS CORP 6.7%

Value $23.32M (-24.7%) Shares 781,064 (-20.2%) Share Price $29.85 Est. Cost/Share $31.63 Unrealized @ Report Date —

EQX EQUINOX GOLD CORP 0.9%

Value $3.21M (-60.0%) Shares 329,720 (-40.6%) Share Price $9.73 Est. Cost/Share $7.92 Unrealized @ Report Date —

RY ROYAL BK CDA 4.8%

Value $16.78M (+23.8%) Shares 81,100 (-3.3%) Share Price $206.86 Est. Cost/Share $87.60 Unrealized @ Report Date —

ARIS ARIS MINING CORPORATION 0.6%

Value $2.252M (-53.3%) Shares 151,160 (-41.8%) Share Price $14.90 Est. Cost/Share $18.92 Unrealized @ Report Date —

CVE CENOVUS ENERGY INC 2.6%

Value $9.167M (-21.9%) Shares 368,790 (-16.7%) Share Price $24.86 Est. Cost/Share $16.09 Unrealized @ Report Date —

CGAU CENTERRA GOLD INC 0.6%

Value $2.122M (-53.1%) Shares 133,940 (-47.5%) Share Price $15.84 Est. Cost/Share $11.23 Unrealized @ Report Date —

TD TORONTO DOMINION BK ONT 3.9%

Value $13.49M (+18.7%) Shares 111,100 (-8.8%) Share Price $121.46 Est. Cost/Share $63.41 Unrealized @ Report Date —

DNN DENISON MINES CORP 2.2%

Value $7.489M (-20.5%) Shares 2,444,190 (-8.1%) Share Price $3.06 Est. Cost/Share $1.96 Unrealized @ Report Date —

AEM AGNICO EAGLE MINES LTD 1.3%

Value $4.555M (-26.4%) Shares 29,440 (-3.4%) Share Price $154.70 Est. Cost/Share $59.77 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 0.8%

Value $2.665M (-35.2%) Shares 283,860 (-19.9%) Share Price $9.39 Est. Cost/Share $5.60 Unrealized @ Report Date —

IAG IAMGOLD CORP 1.8%

Value $6.182M (-18.5%) Shares 390,780 (-3.1%) Share Price $15.82 Est. Cost/Share $6.75 Unrealized @ Report Date —

TFII TFI INTERNATIONAL INC 0.8%

Value $2.818M (-28.1%) Shares 19,600 (-45.6%) Share Price $143.80 Est. Cost/Share $108.96 Unrealized @ Report Date —

EFXT ENERFLEX LTD 4.3%

Value $14.82M (+7.1%) Shares 604,197 (-8.6%) Share Price $24.53 Est. Cost/Share $6.89 Unrealized @ Report Date —

KGC KINROSS GOLD CORP 0.5%

Value $1.695M (-36.7%) Shares 71,670 (-18.2%) Share Price $23.65 Est. Cost/Share $10.22 Unrealized @ Report Date —

NTR NUTRIEN LTD 0.4%

Value $1.301M (-41.2%) Shares 20,700 (-29.3%) Share Price $62.84 Est. Cost/Share $54.40 Unrealized @ Report Date —

FTS FORTIS INC 0.6%

Value $2.003M (-27.7%) Shares 34,990 (-29.6%) Share Price $57.23 Est. Cost/Share $53.43 Unrealized @ Report Date —

CM CANADIAN IMPERIAL BANK OF CO 1.8%

Value $6.294M (+12.9%) Shares 54,710 (-7.2%) Share Price $115.04 Est. Cost/Share $90.60 Unrealized @ Report Date —

WPM WHEATON PRECIOUS METALS CORP 0.9%

Value $3.226M (-18.1%) Shares 28,710 (-4.3%) Share Price $112.38 Est. Cost/Share $48.30 Unrealized @ Report Date —

B BARRICK MNG CORP 1.0%

Value $3.373M (-13.1%) Shares 91,810 (-3.3%) Share Price $36.73 Est. Cost/Share $24.66 Unrealized @ Report Date —

TECK TECK RESOURCES LTD 0.8%

Value $2.93M (-12.1%) Shares 49,251 (-23.6%) Share Price $59.50 Est. Cost/Share $46.34 Unrealized @ Report Date —

ERO ERO COPPER CORP 1.5%

Value $5.265M (-6.8%) Shares 197,379 (-6.8%) Share Price $26.68 Est. Cost/Share $26.72 Unrealized @ Report Date —

CRH CRH PLC 3.3%

Value $11.49M (-3.1%) Shares 107,410 (-4.8%) Share Price $107.00 Est. Cost/Share $83.68 Unrealized @ Report Date —

PBA PEMBINA PIPELINE CORP 1.3%

Value $4.525M (+1.5%) Shares 97,870 (-1.7%) Share Price $46.23 Est. Cost/Share $36.67 Unrealized @ Report Date —

RBA RB GLOBAL INC 0.4%

Value $1.374M (+4.4%) Shares 11,800 (-14.1%) Share Price $116.45 Est. Cost/Share $71.71 Unrealized @ Report Date —

WCN WASTE CONNECTIONS INC 0.1%

Value $291K (-13.4%) Shares 1,750 (-15.5%) Share Price $166.51 Est. Cost/Share $167.37 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CAE	CAE INC	339,091 (-56.7%)	$8.482M (-58.4%)	2.4%	$25.01	$28.01	—	COM	124765108
BGSI	BOYD GROUP SERVICES INC	4,092 (-95.6%)	$387K (-96.8%)	0.1%	$94.59	$160.25	—	COM	103310108
BBUC	BROOKFIELD BUSINESS CORP	781,064 (-20.2%)	$23.32M (-24.7%)	6.7%	$29.85	$31.63	—	CL A SUB VTG SH	113006100
EQX	EQUINOX GOLD CORP	329,720 (-40.6%)	$3.21M (-60.0%)	0.9%	$9.73	$7.92	—	COM	29446Y502
RY	ROYAL BK CDA	81,100 (-3.3%)	$16.78M (+23.8%)	4.8%	$206.86	$87.60	—	COM	780087102
ARIS	ARIS MINING CORPORATION	151,160 (-41.8%)	$2.252M (-53.3%)	0.6%	$14.90	$18.92	—	COM	04040Y109
CVE	CENOVUS ENERGY INC	368,790 (-16.7%)	$9.167M (-21.9%)	2.6%	$24.86	$16.09	—	COM	15135U109
CGAU	CENTERRA GOLD INC	133,940 (-47.5%)	$2.122M (-53.1%)	0.6%	$15.84	$11.23	—	COM	152006102
TD	TORONTO DOMINION BK ONT	111,100 (-8.8%)	$13.49M (+18.7%)	3.9%	$121.46	$63.41	—	COM NEW	891160509
DNN	DENISON MINES CORP	2,444,190 (-8.1%)	$7.489M (-20.5%)	2.2%	$3.06	$1.96	—	COM	248356107
AEM	AGNICO EAGLE MINES LTD	29,440 (-3.4%)	$4.555M (-26.4%)	1.3%	$154.70	$59.77	—	COM	008474108
NXE	NEXGEN ENERGY LTD	283,860 (-19.9%)	$2.665M (-35.2%)	0.8%	$9.39	$5.60	—	COM	65340P106
IAG	IAMGOLD CORP	390,780 (-3.1%)	$6.182M (-18.5%)	1.8%	$15.82	$6.75	—	COM	450913108
TFII	TFI INTERNATIONAL INC	19,600 (-45.6%)	$2.818M (-28.1%)	0.8%	$143.80	$108.96	—	COM	87241L109
EFXT	ENERFLEX LTD	604,197 (-8.6%)	$14.82M (+7.1%)	4.3%	$24.53	$6.89	—	COM	29269R105
KGC	KINROSS GOLD CORP	71,670 (-18.2%)	$1.695M (-36.7%)	0.5%	$23.65	$10.22	—	COM	496902404
NTR	NUTRIEN LTD	20,700 (-29.3%)	$1.301M (-41.2%)	0.4%	$62.84	$54.40	—	COM	67077M108
FTS	FORTIS INC	34,990 (-29.6%)	$2.003M (-27.7%)	0.6%	$57.23	$53.43	—	COM	349553107
CM	CANADIAN IMPERIAL BANK OF CO	54,710 (-7.2%)	$6.294M (+12.9%)	1.8%	$115.04	$90.60	—	COM	136069101
WPM	WHEATON PRECIOUS METALS CORP	28,710 (-4.3%)	$3.226M (-18.1%)	0.9%	$112.38	$48.30	—	COM	962879102
B	BARRICK MNG CORP	91,810 (-3.3%)	$3.373M (-13.1%)	1.0%	$36.73	$24.66	—	COM SHS	06849F108
TECK	TECK RESOURCES LTD	49,251 (-23.6%)	$2.93M (-12.1%)	0.8%	$59.50	$46.34	—	CL B	878742204
ERO	ERO COPPER CORP	197,379 (-6.8%)	$5.265M (-6.8%)	1.5%	$26.68	$26.72	—	COM	296006109
CRH	CRH PLC	107,410 (-4.8%)	$11.49M (-3.1%)	3.3%	$107.00	$83.68	—	ORD	G25508105
PBA	PEMBINA PIPELINE CORP	97,870 (-1.7%)	$4.525M (+1.5%)	1.3%	$46.23	$36.67	—	COM	706327103
RBA	RB GLOBAL INC	11,800 (-14.1%)	$1.374M (+4.4%)	0.4%	$116.45	$71.71	—	COM	74935Q107
WCN	WASTE CONNECTIONS INC	1,750 (-15.5%)	$291K (-13.4%)	0.1%	$166.51	$167.37	—	COM	94106B101

Unchanged Positions (4)

SKE SKEENA RES LTD NEW 1.1%

Value $3.796M Shares 142,580 Share Price $26.63 Est. Cost/Share $5.12 Unrealized @ Report Date —

EXK ENDEAVOUR SILVER CORP 1.0%

Value $3.458M Shares 416,430 Share Price $8.30 Est. Cost/Share $3.94 Unrealized @ Report Date —

BIP BROOKFIELD INFRASTRUCTURE PA 3.1%

Value $10.8M Shares 295,980 Share Price $36.49 Est. Cost/Share $33.88 Unrealized @ Report Date —

USAS AMERICAS GOLD AND SILVER COR 0.6%

Value $2.183M Shares 461,860 Share Price $4.73 Est. Cost/Share $3.57 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SKE	SKEENA RES LTD NEW	142,580	$3.796M	1.1%	$26.63	$5.12	—	COM	83056P715
EXK	ENDEAVOUR SILVER CORP	416,430	$3.458M	1.0%	$8.30	$3.94	—	COM	29258Y103
BIP	BROOKFIELD INFRASTRUCTURE PA	295,980	$10.8M	3.1%	$36.49	$33.88	—	LP INT UNIT	G16252101
USAS	AMERICAS GOLD AND SILVER COR	461,860	$2.183M	0.6%	$4.73	$3.57	—	COM NEW	03062D803