Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TRI	THOMSON REUTERS CORP	15,374	$1.253M	1.2%	$81.52	—	COM	884903881
NVDA	NVIDIA CORPORATION	5,540	$1.108M	1.0%	$200.09	—	COM	67066G104
DHR	DANAHER CORP DEL	1,430	$272K	0.3%	$190.48	—	COM	235851102
TEL	TE CONNECTIVITY PLC	1,250	$252K	0.2%	$201.61	—	ORD SHS	G87052109
LLY	ELI LILLY & CO	203	$243K	0.2%	$1199.43	—	COM	532457108
TT	TRANE TECHNOLOGIES PLC	420	$206K	0.2%	$491.16	—	SHS	G8994E103

Increased Positions (15)

CNQ CANADIAN NAT RES LTD MED TER 3.2%

Value $3.474M (-14.8%) Shares 87,958 (+5.1%) Est. Cost $32.77 Unrealized —

SAN BANCO SANTANDER SA 1.5%

Value $1.628M (+41.6%) Shares 117,935 (+15.8%) Est. Cost $11.62 Unrealized —

ALC ALCON AG 1.7%

Value $1.818M (+21.2%) Shares 27,094 (+36.1%) Est. Cost $74.37 Unrealized —

UL UNILEVER PLC 1.0%

Value $1.092M (+35.8%) Shares 18,166 (+28.6%) Est. Cost $64.22 Unrealized —

RCI ROGERS COMMUNICATIONS INC 1.5%

Value $1.646M (-14.3%) Shares 50,695 (+1.3%) Est. Cost $37.29 Unrealized —

HDB HDFC BANK LTD 1.0%

Value $1.057M (+33.8%) Shares 40,930 (+28.9%) Est. Cost $33.09 Unrealized —

NTR NUTRIEN LTD 2.1%

Value $2.214M (-10.5%) Shares 35,210 (+7.2%) Est. Cost $59.12 Unrealized —

IEFA ISHARES TR 1.1%

Value $1.21M (+16.8%) Shares 12,532 (+9.5%) Est. Cost $90.14 Unrealized —

MSFT MICROSOFT CORP 1.2%

Value $1.242M (+10.8%) Shares 3,330 (+10.0%) Est. Cost $480.16 Unrealized —

BND VANGUARD BD INDEX FDS 1.5%

Value $1.582M (+7.4%) Shares 21,545 (+7.8%) Est. Cost $74.02 Unrealized —

TU TELUS CORPORATION 0.2%

Value $264K (+52.3%) Shares 25,000 (+85.1%) Est. Cost $12.46 Unrealized —

CIGI COLLIERS INTL GROUP INC 1.4%

Value $1.532M (+5.2%) Shares 16,355 (+19.8%) Est. Cost $127.58 Unrealized —

DTE DTE ENERGY CO 0.5%

Value $556K (+8.2%) Shares 3,650 (+3.8%) Est. Cost $135.91 Unrealized —

FNV FRANCO NEV CORP 2.4%

Value $2.614M (+0.7%) Shares 12,550 (+19.5%) Est. Cost $239.65 Unrealized —

SAP SAP SE 1.9%

Value $1.98M (-0.2%) Shares 12,845 (+10.8%) Est. Cost $231.07 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CNQ	CANADIAN NAT RES LTD MED TER	87,958 (+5.1%)	$3.474M (-14.8%)	3.2%	$32.77	—	COM	136385101
SAN	BANCO SANTANDER SA	117,935 (+15.8%)	$1.628M (+41.6%)	1.5%	$11.62	—	ADR	05964H105
ALC	ALCON AG	27,094 (+36.1%)	$1.818M (+21.2%)	1.7%	$74.37	—	ORD SHS	H01301128
UL	UNILEVER PLC	18,166 (+28.6%)	$1.092M (+35.8%)	1.0%	$64.22	—	SPON ADR NEW	904767803
RCI	ROGERS COMMUNICATIONS INC	50,695 (+1.3%)	$1.646M (-14.3%)	1.5%	$37.29	—	CL B	775109200
HDB	HDFC BANK LTD	40,930 (+28.9%)	$1.057M (+33.8%)	1.0%	$33.09	—	SPONSORED ADS	40415F101
NTR	NUTRIEN LTD	35,210 (+7.2%)	$2.214M (-10.5%)	2.1%	$59.12	—	COM	67077M108
IEFA	ISHARES TR	12,532 (+9.5%)	$1.21M (+16.8%)	1.1%	$90.14	—	CORE MSCI EAFE	46432F842
MSFT	MICROSOFT CORP	3,330 (+10.0%)	$1.242M (+10.8%)	1.2%	$480.16	—	COM	594918104
BND	VANGUARD BD INDEX FDS	21,545 (+7.8%)	$1.582M (+7.4%)	1.5%	$74.02	—	TOTAL BND MRKT	921937835
TU	TELUS CORPORATION	25,000 (+85.1%)	$264K (+52.3%)	0.2%	$12.46	—	COM	87971M103
CIGI	COLLIERS INTL GROUP INC	16,355 (+19.8%)	$1.532M (+5.2%)	1.4%	$127.58	—	SUB VTG SHS	194693107
DTE	DTE ENERGY CO	3,650 (+3.8%)	$556K (+8.2%)	0.5%	$135.91	—	COM	233331107
FNV	FRANCO NEV CORP	12,550 (+19.5%)	$2.614M (+0.7%)	2.4%	$239.65	—	COM	351858105
SAP	SAP SE	12,845 (+10.8%)	$1.98M (-0.2%)	1.9%	$231.07	—	SPON ADR	803054204

Exited Positions (8)

IHG INTERCONTINENTAL HOTELS GROU 2.5%

Value $2.637M Shares 19,757 Est. Cost $140.22 Unrealized —

RBA RB GLOBAL INC 1.5%

Value $1.559M Shares 16,294 Est. Cost $101.58 Unrealized —

TRI THOMSON REUTERS CORP 1.2%

Value $1.289M Shares 14,312 Est. Cost $137.52 Unrealized —

ON ON SEMICONDUCTOR CORP 0.3%

Value $342K Shares 5,520 Est. Cost $51.30 Unrealized —

PANW PALO ALTO NETWORKS INC 0.3%

Value $296K Shares 1,845 Est. Cost $201.75 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.3%

Value $271K Shares 1,120 Est. Cost $298.78 Unrealized —

QSR RESTAURANT BRANDS INTL INC 0.2%

Value $263K Shares 3,560 Est. Cost $68.91 Unrealized —

SNPS SYNOPSYS INC 0.2%

Value $240K Shares 605 Est. Cost $444.23 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IHG	INTERCONTINENTAL HOTELS GROU	19,757	$2.637M	2.5%	$140.22	—	—	45857P806
RBA	RB GLOBAL INC	16,294	$1.559M	1.5%	$101.58	—	—	74935Q107
TRI	THOMSON REUTERS CORP	14,312	$1.289M	1.2%	$137.52	—	—	884903808
ON	ON SEMICONDUCTOR CORP	5,520	$342K	0.3%	$51.30	—	—	682189105
PANW	PALO ALTO NETWORKS INC	1,845	$296K	0.3%	$201.75	—	—	697435105
IBM	INTERNATIONAL BUSINESS MACHS	1,120	$271K	0.3%	$298.78	—	—	459200101
QSR	RESTAURANT BRANDS INTL INC	3,560	$263K	0.2%	$68.91	—	—	76131D103
SNPS	SYNOPSYS INC	605	$240K	0.2%	$444.23	—	—	871607107

Decreased Positions (25)

TSM TAIWAN SEMICONDUCTOR MANUFAC 6.8%

Value $7.268M (+38.6%) Shares 15,218 (-1.9%) Est. Cost $304.88 Unrealized —

RY ROYAL BK CDA 8.0%

Value $8.597M (+21.7%) Shares 41,598 (-5.0%) Est. Cost $154.03 Unrealized —

TD TORONTO DOMINION BK ONT 5.2%

Value $5.587M (+27.3%) Shares 46,041 (-2.3%) Est. Cost $84.44 Unrealized —

GIB CGI INC 2.3%

Value $2.436M (-30.1%) Shares 37,759 (-21.0%) Est. Cost $89.01 Unrealized —

VOO VANGUARD INDEX FDS 8.4%

Value $9.03M (+6.6%) Shares 13,148 (-7.2%) Est. Cost $625.35 Unrealized —

MFC MANULIFE FINL CORP 5.1%

Value $5.408M (+10.1%) Shares 133,590 (-6.5%) Est. Cost $33.99 Unrealized —

BMO BANK MONTREAL MEDIUM 3.5%

Value $3.78M (+14.0%) Shares 21,430 (-12.6%) Est. Cost $127.05 Unrealized —

NVO NOVO-NORDISK A S 1.8%

Value $1.972M (+27.8%) Shares 41,131 (-2.1%) Est. Cost $48.81 Unrealized —

CNI CANADIAN NATL RY CO 5.1%

Value $5.504M (+2.4%) Shares 46,212 (-11.7%) Est. Cost $96.14 Unrealized —

AON AON PLC 2.5%

Value $2.686M (-3.7%) Shares 8,097 (-6.3%) Est. Cost $348.74 Unrealized —

XOM EXXON MOBIL CORP 0.2%

Value $244K (-29.1%) Shares 1,788 (-12.1%) Est. Cost $115.49 Unrealized —

BNS BANK NOVA SCOTIA B C 0.4%

Value $379K (+21.5%) Shares 4,365 (-3.1%) Est. Cost $68.19 Unrealized —

CCJ CAMECO CORP 0.5%

Value $484K (-8.2%) Shares 4,760 (-2.1%) Est. Cost $89.94 Unrealized —

AVGO BROADCOM INC 1.0%

Value $1.031M (-3.8%) Shares 2,729 (-21.1%) Est. Cost $357.00 Unrealized —

GOOGL ALPHABET INC 0.9%

Value $952K (+4.3%) Shares 2,665 (-16.1%) Est. Cost $285.60 Unrealized —

TJX TJX COS INC NEW 0.4%

Value $380K (-9.1%) Shares 2,510 (-4.2%) Est. Cost $147.77 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.5%

Value $571K (+5.5%) Shares 565 (-11.7%) Est. Cost $932.60 Unrealized —

SUNB SUNBELT RENTALS HOLDINGS INC 1.8%

Value $1.939M (+1.4%) Shares 25,913 (-11.8%) Est. Cost $65.09 Unrealized —

AMZN AMAZON COM INC 0.8%

Value $803K (-2.9%) Shares 3,370 (-15.1%) Est. Cost $228.60 Unrealized —

GD GENERAL DYNAMICS CORP 0.4%

Value $409K (-3.9%) Shares 1,155 (-6.9%) Est. Cost $354.49 Unrealized —

JPM JPMORGAN CHASE & CO 0.8%

Value $894K (+1.4%) Shares 2,730 (-8.8%) Est. Cost $309.53 Unrealized —

HIG HARTFORD INSURANCE GROUP INC 0.2%

Value $216K (-4.1%) Shares 1,630 (-2.1%) Est. Cost $131.57 Unrealized —

PH PARKER-HANNIFIN CORP 0.3%

Value $337K (-2.1%) Shares 345 (-10.4%) Est. Cost $817.77 Unrealized —

MA MASTERCARD INCORPORATED 0.3%

Value $290K (+1.0%) Shares 565 (-1.7%) Est. Cost $553.58 Unrealized —

EQIX EQUINIX INC 0.2%

Value $252K (-1.0%) Shares 242 (-6.9%) Est. Cost $781.19 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MANUFAC	15,218 (-1.9%)	$7.268M (+38.6%)	6.8%	$304.88	—	SPONSORED ADS	874039100
RY	ROYAL BK CDA	41,598 (-5.0%)	$8.597M (+21.7%)	8.0%	$154.03	—	COM	780087102
TD	TORONTO DOMINION BK ONT	46,041 (-2.3%)	$5.587M (+27.3%)	5.2%	$84.44	—	COM NEW	891160509
GIB	CGI INC	37,759 (-21.0%)	$2.436M (-30.1%)	2.3%	$89.01	—	CL A SUB VTG	12532H104
VOO	VANGUARD INDEX FDS	13,148 (-7.2%)	$9.03M (+6.6%)	8.4%	$625.35	—	S&P 500 ETF SHS	922908363
MFC	MANULIFE FINL CORP	133,590 (-6.5%)	$5.408M (+10.1%)	5.1%	$33.99	—	COM	56501R106
BMO	BANK MONTREAL MEDIUM	21,430 (-12.6%)	$3.78M (+14.0%)	3.5%	$127.05	—	COM	063671101
NVO	NOVO-NORDISK A S	41,131 (-2.1%)	$1.972M (+27.8%)	1.8%	$48.81	—	ADR	670100205
CNI	CANADIAN NATL RY CO	46,212 (-11.7%)	$5.504M (+2.4%)	5.1%	$96.14	—	COM	136375102
AON	AON PLC	8,097 (-6.3%)	$2.686M (-3.7%)	2.5%	$348.74	—	SHS CL A	G0403H108
XOM	EXXON MOBIL CORP	1,788 (-12.1%)	$244K (-29.1%)	0.2%	$115.49	—	COM	30231G102
BNS	BANK NOVA SCOTIA B C	4,365 (-3.1%)	$379K (+21.5%)	0.4%	$68.19	—	COM	064149107
CCJ	CAMECO CORP	4,760 (-2.1%)	$484K (-8.2%)	0.5%	$89.94	—	COM	13321L108
AVGO	BROADCOM INC	2,729 (-21.1%)	$1.031M (-3.8%)	1.0%	$357.00	—	COM	11135F101
GOOGL	ALPHABET INC	2,665 (-16.1%)	$952K (+4.3%)	0.9%	$285.60	—	CAP STK CL A	02079K305
TJX	TJX COS INC NEW	2,510 (-4.2%)	$380K (-9.1%)	0.4%	$147.77	—	COM	872540109
GS	GOLDMAN SACHS GROUP INC	565 (-11.7%)	$571K (+5.5%)	0.5%	$932.60	—	COM	38141G104
SUNB	SUNBELT RENTALS HOLDINGS INC	25,913 (-11.8%)	$1.939M (+1.4%)	1.8%	$65.09	—	SHS	866966104
AMZN	AMAZON COM INC	3,370 (-15.1%)	$803K (-2.9%)	0.8%	$228.60	—	COM	023135106
GD	GENERAL DYNAMICS CORP	1,155 (-6.9%)	$409K (-3.9%)	0.4%	$354.49	—	COM	369550108
JPM	JPMORGAN CHASE & CO	2,730 (-8.8%)	$894K (+1.4%)	0.8%	$309.53	—	COM	46625H100
HIG	HARTFORD INSURANCE GROUP INC	1,630 (-2.1%)	$216K (-4.1%)	0.2%	$131.57	—	COM	416515104
PH	PARKER-HANNIFIN CORP	345 (-10.4%)	$337K (-2.1%)	0.3%	$817.77	—	COM	701094104
MA	MASTERCARD INCORPORATED	565 (-1.7%)	$290K (+1.0%)	0.3%	$553.58	—	CL A	57636Q104
EQIX	EQUINIX INC	242 (-6.9%)	$252K (-1.0%)	0.2%	$781.19	—	COM	29444U700

Unchanged Positions (13)

ASML ASML HLDG NV 5.1%

Value $5.475M Shares 2,752 Est. Cost $1069.86 Unrealized —

ESGV VANGUARD WORLD FD 1.8%

Value $1.884M Shares 14,250 Est. Cost $120.96 Unrealized —

BN BROOKFIELD CORP 5.1%

Value $5.41M Shares 127,049 Est. Cost $45.65 Unrealized —

DEO DIAGEO PLC 1.8%

Value $1.937M Shares 24,100 Est. Cost $84.74 Unrealized —

AAPL APPLE INC 0.9%

Value $934K Shares 3,227 Est. Cost $268.34 Unrealized —

GOOG ALPHABET INC 0.4%

Value $423K Shares 1,198 Est. Cost $287.21 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 0.2%

Value $247K Shares 2,200 Est. Cost $107.08 Unrealized —

EMR EMERSON ELEC CO 0.2%

Value $233K Shares 1,630 Est. Cost $132.37 Unrealized —

TRP TC ENERGY CORP 0.2%

Value $216K Shares 3,268 Est. Cost $58.22 Unrealized —

GM GENERAL MTRS CO 0.3%

Value $372K Shares 4,830 Est. Cost $82.25 Unrealized —

PG PROCTER & GAMBLE CO 0.4%

Value $469K Shares 3,195 Est. Cost $147.17 Unrealized —

BDX BECTON DICKINSON & CO 0.3%

Value $294K Shares 1,945 Est. Cost $183.04 Unrealized —

META META PLATFORMS INC 0.4%

Value $394K Shares 700 Est. Cost $667.32 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HLDG NV	2,752	$5.475M	5.1%	$1069.86	—	N Y REGISTRY SHS	N07059210
ESGV	VANGUARD WORLD FD	14,250	$1.884M	1.8%	$120.96	—	ESG US STK ETF	921910733
BN	BROOKFIELD CORP	127,049	$5.41M	5.1%	$45.65	—	CL A LTD VT SH	11271J107
DEO	DIAGEO PLC	24,100	$1.937M	1.8%	$84.74	—	SPON ADR NEW	25243Q205
AAPL	APPLE INC	3,227	$934K	0.9%	$268.34	—	COM	037833100
GOOG	ALPHABET INC	1,198	$423K	0.4%	$287.21	—	CAP STK CL C	02079K107
WPM	WHEATON PRECIOUS METALS CORP	2,200	$247K	0.2%	$107.08	—	COM	962879102
EMR	EMERSON ELEC CO	1,630	$233K	0.2%	$132.37	—	COM	291011104
TRP	TC ENERGY CORP	3,268	$216K	0.2%	$58.22	—	COM	87807B107
GM	GENERAL MTRS CO	4,830	$372K	0.3%	$82.25	—	COM	37045V100
PG	PROCTER & GAMBLE CO	3,195	$469K	0.4%	$147.17	—	COM	742718109
BDX	BECTON DICKINSON & CO	1,945	$294K	0.3%	$183.04	—	COM	075887109
META	META PLATFORMS INC	700	$394K	0.4%	$667.32	—	CL A	30303M102