# EDGAR Filing Document

**Accession Number:** 0002077904
**File Stem:** 0002077904-25-000008
**Filing Date:** 2025-7
**Character Count:** 24967
**Document Hash:** d74dea27562c26e10847bae2aed46fcd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002077904-25-000008.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0002077904-25-000008

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20151231

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**EFFECTIVENESS DATE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Credential Securities Inc.
- **CENTRAL INDEX KEY:** 0002077904

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** Z4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-25660
- **FILM NUMBER:** 251136123

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 700 - 1111 WEST GEORGIA STREET
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6E 4T6
- **BUSINESS PHONE:** 1.888.545.5959

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 700 - 1111 WEST GEORGIA STREET
- **CITY:** VANCOUVER
- **PROVINCE COUNTRY:** A1
- **ZIP:** V6E 4T6

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2015

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Credential Securities Inc.<br>**Address:** 700 - 1111 WEST GEORGIA STREET<br>VANCOUVER, A1 V6E 4T6

**Form 13F File Number:** 028-25660

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John H. Bai<br>**Title:** SVP Chief Financial Officer and Chief Risk Officer<br>**Phone:** 6472899343

**Signature, Place, and Date of Signing:**

John H. Bai  Toronto, A6  07-15-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 222

**Form 13F Information Table Value Total:** $152528944

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMC NETWORKS INC | CL A | 00164V103 |  | 163909 | 2196 | SH |  | SOLE |  | 0 | 2126 | 70 |
| AT INC | COM | 00206R102 |  | 839115 | 24400 | SH |  | SOLE |  | 0 | 21066 | 3334 |
| ABBOTT LABS | COM | 002824100 |  | 333651 | 7431 | SH |  | SOLE |  | 0 | 6329 | 1102 |
| ABBVIE INC | COM | 00287Y109 |  | 496263 | 8380 | SH |  | SOLE |  | 0 | 7202 | 1178 |
| ACASTI PHARMA INC | CL A NEW | 00430K402 |  | 27 | 12 | SH |  | SOLE |  | 0 | 12 | 0 |
| AGRIUM INC | COM | 008916108 |  | 1705731 | 19091 | SH |  | SOLE |  | 0 | 17263 | 1828 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 845975 | 6503 | SH |  | SOLE |  | 0 | 5606 | 897 |
| ALCOA INC | COM | 013817101 |  | 261980 | 26597 | SH |  | SOLE |  | 0 | 25674 | 923 |
| ALERE INC | COM | 01449J105 |  | 149207 | 3818 | SH |  | SOLE |  | 0 | 3706 | 112 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 897126 | 1182 | SH |  | SOLE |  | 0 | 1042 | 140 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 754591 | 970 | SH |  | SOLE |  | 0 | 858 | 112 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 964781 | 16577 | SH |  | SOLE |  | 0 | 14606 | 1971 |
| AMEREN CORP | COM | 023608102 |  | 457743 | 10591 | SH |  | SOLE |  | 0 | 9136 | 1455 |
| AMGEN INC | COM | 031162100 |  | 325066 | 2003 | SH |  | SOLE |  | 0 | 1725 | 278 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 880593 | 7047 | SH |  | SOLE |  | 0 | 6085 | 962 |
| APPLE INC | COM | 037833100 |  | 2410064 | 22905 | SH |  | SOLE |  | 0 | 20393 | 2512 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 849314 | 25024 | SH |  | SOLE |  | 0 | 21569 | 3455 |
| AUTODESK INC | COM | 052769106 |  | 101354 | 1664 | SH |  | SOLE |  | 0 | 1615 | 49 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 1340524 | 15823 | SH |  | SOLE |  | 0 | 13546 | 2277 |
| BB CORP | COM | 054937107 |  | 617841 | 16345 | SH |  | SOLE |  | 0 | 13881 | 2464 |
| BCE INC | COM NEW | 05534B760 |  | 289557 | 7496 | SH |  | SOLE |  | 0 | 6173 | 1323 |
| BANK MONTREAL QUE | COM | 063671101 |  | 633070 | 11219 | SH |  | SOLE |  | 0 | 9658 | 1561 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 544186 | 13202 | SH |  | SOLE |  | 0 | 11300 | 1902 |
| BANK N S HALIFAX | COM | 064149107 |  | 6202229 | 153360 | SH |  | SOLE |  | 0 | 132173 | 21187 |
| BARRICK GOLD CORP | COM | 067901108 |  | 44079 | 5968 | SH |  | SOLE |  | 0 | 5237 | 731 |
| BAXALTA INC | COM | 07177M103 |  | 326675 | 8372 | SH |  | SOLE |  | 0 | 4747 | 3625 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 248 | 77 | SH |  | SOLE |  | 0 | 77 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 627875 | 4075 | SH |  | SOLE |  | 0 | 3470 | 605 |
| BLACKBERRY LTD | COM | 09228F103 |  | 1985 | 214 | SH |  | SOLE |  | 0 | 214 | 0 |
| BLACKROCK INC | COM | 09247X101 |  | 623879 | 1833 | SH |  | SOLE |  | 0 | 1666 | 167 |
| BORGWARNER INC | COM | 099724106 |  | 442270 | 10233 | SH |  | SOLE |  | 0 | 8719 | 1514 |
| BRITISH AMERN TOB PLC | SPONSORED ADR | 110448107 |  | 992879 | 9000 | SH |  | SOLE |  | 0 | 7869 | 1131 |
| BROOKFIELD ASSET MGMT INC | CL A LTD VT SH | 112585104 |  | 768709 | 24368 | SH |  | SOLE |  | 0 | 18557 | 5811 |
| CAE INC | COM | 124765108 |  | 587383 | 53087 | SH |  | SOLE |  | 0 | 45894 | 7193 |
| CDK GLOBAL INC | COM | 12508E101 |  | 854 | 18 | SH |  | SOLE |  | 0 | 18 | 0 |
| CSX CORP | COM | 126408103 |  | 537606 | 20725 | SH |  | SOLE |  | 0 | 17881 | 2844 |
| CVS HEALTH CORP | COM | 126650100 |  | 1070057 | 10948 | SH |  | SOLE |  | 0 | 9319 | 1629 |
| CA INC | COM | 12673P105 |  | 897926 | 31440 | SH |  | SOLE |  | 0 | 26738 | 4702 |
| CAMECO CORP | COM | 13321L108 |  | 400664 | 32497 | SH |  | SOLE |  | 0 | 27658 | 4839 |
| CDN IMPERIAL BK COMM TORONTO | COM | 136069101 |  | 3173013 | 48152 | SH |  | SOLE |  | 0 | 42390 | 5762 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 5156577 | 92257 | SH |  | SOLE |  | 0 | 80001 | 12256 |
| CANADIAN NAT RES LTD | COM | 136385101 |  | 4277078 | 195837 | SH |  | SOLE |  | 0 | 170120 | 25717 |
| CANADIAN PAC RY LTD | COM | 13645T100 |  | 619959 | 4860 | SH |  | SOLE |  | 0 | 4068 | 792 |
| CELESTICA INC | SUB VTG SHS | 15101Q108 |  | 21124 | 1918 | SH |  | SOLE |  | 0 | 1628 | 290 |
| CENOVUS ENERGY INC | COM | 15135U109 |  | 1162432 | 92017 | SH |  | SOLE |  | 0 | 79517 | 12500 |
| CERNER CORP | COM | 156782104 |  | 243989 | 4055 | SH |  | SOLE |  | 0 | 3930 | 125 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1002629 | 11149 | SH |  | SOLE |  | 0 | 9511 | 1638 |
| CISCO SYS INC | COM | 17275R102 |  | 1120751 | 41280 | SH |  | SOLE |  | 0 | 36422 | 4858 |
| COCA COLA CO | COM | 191216100 |  | 156037 | 3633 | SH |  | SOLE |  | 0 | 3527 | 106 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1028037 | 15436 | SH |  | SOLE |  | 0 | 13103 | 2333 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 329831 | 5846 | SH |  | SOLE |  | 0 | 4987 | 859 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 290723 | 6228 | SH |  | SOLE |  | 0 | 5375 | 853 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 141474 | 876 | SH |  | SOLE |  | 0 | 876 | 0 |
| CRESCENT PT ENERGY CORP | COM | 22576C101 |  | 406434 | 34909 | SH |  | SOLE |  | 0 | 31864 | 3045 |
| DANAHER CORP DEL | COM | 235851102 |  | 248373 | 2675 | SH |  | SOLE |  | 0 | 2596 | 79 |
| DAVITA HEALTHCARE PARTNERS I | COM | 23918K108 |  | 484763 | 6956 | SH |  | SOLE |  | 0 | 5931 | 1025 |
| DESCARTES SYS GROUP INC | COM | 249906108 |  | 133092 | 6634 | SH |  | SOLE |  | 0 | 3764 | 2870 |
| DIAGEO P L C | SPON ADR NEW | 25243Q205 |  | 1655729 | 15186 | SH |  | SOLE |  | 0 | 12409 | 2777 |
| DISNEY WALT CO | COM DISNEY | 254687106 |  | 744770 | 7089 | SH |  | SOLE |  | 0 | 6136 | 953 |
| DISCOVERY COMMUNICATNS NEW | COM SER A | 25470F104 |  | 444875 | 16687 | SH |  | SOLE |  | 0 | 12385 | 4302 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 136064 | 1894 | SH |  | SOLE |  | 0 | 1834 | 60 |
| DOLLAR TREE INC | COM | 256746108 |  | 686331 | 8888 | SH |  | SOLE |  | 0 | 7551 | 1337 |
| DOMTAR CORP | COM NEW | 257559203 |  | 1138503 | 30871 | SH |  | SOLE |  | 0 | 28005 | 2866 |
| DOW CHEM CO | COM | 260543103 |  | 777560 | 15110 | SH |  | SOLE |  | 0 | 13074 | 2036 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 366770 | 5139 | SH |  | SOLE |  | 0 | 4443 | 696 |
| ENI S P A | SPONSORED ADR | 26874R108 |  | 5453 | 183 | SH |  | SOLE |  | 0 | 183 | 0 |
| EOG RES INC | COM | 26875P101 |  | 413850 | 5847 | SH |  | SOLE |  | 0 | 4952 | 895 |
| EBAY INC | COM | 278642103 |  | 85266 | 3104 | SH |  | SOLE |  | 0 | 2977 | 127 |
| ECOLAB INC | COM | 278865100 |  | 295329 | 2582 | SH |  | SOLE |  | 0 | 1475 | 1107 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 191728 | 2790 | SH |  | SOLE |  | 0 | 2707 | 83 |
| EMERSON ELEC CO | COM | 291011104 |  | 2582 | 54 | SH |  | SOLE |  | 0 | 54 | 0 |
| ENCANA CORP | COM | 292505104 |  | 2032 | 400 | SH |  | SOLE |  | 0 | 400 | 0 |
| ENBRIDGE INC | COM | 29250N105 |  | 1060602 | 31952 | SH |  | SOLE |  | 0 | 28059 | 3893 |
| EVERTEC INC | COM | 30040P103 |  | 147730 | 8825 | SH |  | SOLE |  | 0 | 8575 | 250 |
| EXPRESS SCRIPTS HLDG CO | COM | 30219G108 |  | 248770 | 2847 | SH |  | SOLE |  | 0 | 2758 | 89 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 554556 | 7117 | SH |  | SOLE |  | 0 | 6047 | 1070 |
| FACEBOOK INC | CL A | 30303M102 |  | 269997 | 2580 | SH |  | SOLE |  | 0 | 2503 | 77 |
| FEDEX CORP | COM | 31428X106 |  | 142060 | 954 | SH |  | SOLE |  | 0 | 954 | 0 |
| FISERV INC | COM | 337738108 |  | 1603293 | 17530 | SH |  | SOLE |  | 0 | 14882 | 2648 |
| FORD MTR CO DEL | COM PAR $0.01 | 345370860 |  | 675 | 48 | SH |  | SOLE |  | 0 | 48 | 0 |
| FRANCO NEVADA CORP | COM | 351858105 |  | 117112 | 2560 | SH |  | SOLE |  | 0 | 2248 | 312 |
| GENERAL ELECTRIC CO | COM | 369604103 |  | 762622 | 24498 | SH |  | SOLE |  | 0 | 20885 | 3613 |
| GENERAL MLS INC | COM | 370334104 |  | 1902 | 33 | SH |  | SOLE |  | 0 | 33 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 3606 | 42 | SH |  | SOLE |  | 0 | 42 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 612078 | 6050 | SH |  | SOLE |  | 0 | 5225 | 825 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 |  | 1816649 | 63913 | SH |  | SOLE |  | 0 | 55872 | 8041 |
| GLAXOSMITHKLINE PLC | SPONSORED ADR | 37733W105 |  | 402714 | 9983 | SH |  | SOLE |  | 0 | 8633 | 1350 |
| GOLDCORP INC NEW | COM | 380956409 |  | 659491 | 57105 | SH |  | SOLE |  | 0 | 52181 | 4924 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 580905 | 3226 | SH |  | SOLE |  | 0 | 2769 | 457 |
| GROUPE CGI INC | CL A SUB VTG | 39945C109 |  | 2767458 | 69134 | SH |  | SOLE |  | 0 | 62124 | 7010 |
| HALYARD HEALTH INC | COM | 40650V100 |  | 66 | 2 | SH |  | SOLE |  | 0 | 2 | 0 |
| HOUGHTON MIFFLIN HARCOURT CO | COM | 44157R109 |  | 109938 | 5050 | SH |  | SOLE |  | 0 | 4924 | 126 |
| IAC INTERACTIVECORP | COM PAR $.001 | 44919P508 |  | 639826 | 10662 | SH |  | SOLE |  | 0 | 9423 | 1239 |
| IAMGOLD CORP | COM | 450913108 |  | 708 | 500 | SH |  | SOLE |  | 0 | 500 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 1035715 | 11180 | SH |  | SOLE |  | 0 | 9651 | 1529 |
| INTEL CORP | COM | 458140100 |  | 247141 | 7176 | SH |  | SOLE |  | 0 | 6207 | 969 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 497004 | 3613 | SH |  | SOLE |  | 0 | 3066 | 547 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 1128041 | 9431 | SH |  | SOLE |  | 0 | 8326 | 1105 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 48259 | 440 | SH |  | SOLE |  | 0 | 440 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 99350 | 920 | SH |  | SOLE |  | 0 | 920 | 0 |
| ISHARES TR | SHT NTLAMTFR ETF | 464288158 |  | 49215 | 465 | SH |  | SOLE |  | 0 | 465 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1900319 | 28784 | SH |  | SOLE |  | 0 | 24574 | 4210 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 3547015 | 34541 | SH |  | SOLE |  | 0 | 29990 | 4551 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 113670 | 4120 | SH |  | SOLE |  | 0 | 4002 | 118 |
| KLA-TENCOR CORP | COM | 482480100 |  | 2080 | 30 | SH |  | SOLE |  | 0 | 30 | 0 |
| KIMBERLY CLARK CORP | COM | 494368103 |  | 731547 | 5748 | SH |  | SOLE |  | 0 | 4941 | 807 |
| LILLY ELI  CO | COM | 532457108 |  | 3284 | 39 | SH |  | SOLE |  | 0 | 39 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 919677 | 4236 | SH |  | SOLE |  | 0 | 3653 | 583 |
| MAGNA INTL INC | COM | 559222401 |  | 850337 | 20966 | SH |  | SOLE |  | 0 | 18037 | 2929 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 2856939 | 190605 | SH |  | SOLE |  | 0 | 158162 | 32443 |
| MASCO CORP | COM | 574599106 |  | 97238 | 3436 | SH |  | SOLE |  | 0 | 3329 | 107 |
| MASTERCARD INC | CL A | 57636Q104 |  | 269950 | 2771 | SH |  | SOLE |  | 0 | 2693 | 78 |
| MCDONALDS CORP | COM | 580135101 |  | 752433 | 6369 | SH |  | SOLE |  | 0 | 5501 | 868 |
| MERCK  CO INC NEW | COM | 58933Y105 |  | 238648 | 4519 | SH |  | SOLE |  | 0 | 3725 | 794 |
| METHANEX CORP | COM | 59151K108 |  | 104237 | 3163 | SH |  | SOLE |  | 0 | 2779 | 384 |
| METLIFE INC | COM | 59156R108 |  | 891426 | 18502 | SH |  | SOLE |  | 0 | 15740 | 2762 |
| MICROSOFT CORP | COM | 594918104 |  | 2455991 | 44292 | SH |  | SOLE |  | 0 | 38530 | 5762 |
| MITEL NETWORKS CORP | COM | 60671Q104 |  | 68994 | 8972 | SH |  | SOLE |  | 0 | 8081 | 891 |
| MITSUBISHI UFJ FINL GROUP IN | SPONSORED ADR | 606822104 |  | 489838 | 78879 | SH |  | SOLE |  | 0 | 67443 | 11436 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 291235 | 6495 | SH |  | SOLE |  | 0 | 5562 | 933 |
| NATIONAL GRID PLC | SPON ADR NEW | 636274300 |  | 824576 | 11861 | SH |  | SOLE |  | 0 | 10238 | 1623 |
| NOBLE ENERGY INC | COM | 655044105 |  | 170953 | 5193 | SH |  | SOLE |  | 0 | 4410 | 783 |
| NORDSTROM INC | COM | 655664100 |  | 63743 | 1280 | SH |  | SOLE |  | 0 | 1280 | 0 |
| NORFOLK SOUTHERN CORP | COM | 655844108 |  | 6594 | 78 | SH |  | SOLE |  | 0 | 78 | 0 |
| NOVARTIS A G | SPONSORED ADR | 66987V109 |  | 726352 | 8444 | SH |  | SOLE |  | 0 | 7270 | 1174 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 659208 | 11350 | SH |  | SOLE |  | 0 | 9789 | 1561 |
| OLD REP INTL CORP | COM | 680223104 |  | 2161 | 116 | SH |  | SOLE |  | 0 | 116 | 0 |
| ONCOLYTICS BIOTECH INC | COM | 682310107 |  | 411 | 1500 | SH |  | SOLE |  | 0 | 1500 | 0 |
| OPEN TEXT CORP | COM | 683715106 |  | 1487243 | 31072 | SH |  | SOLE |  | 0 | 27449 | 3623 |
| ORACLE CORP | COM | 68389X105 |  | 1381003 | 37815 | SH |  | SOLE |  | 0 | 32776 | 5039 |
| OWENS CORNING NEW | COM | 690742101 |  | 7237 | 154 | SH |  | SOLE |  | 0 | 154 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 515543 | 9753 | SH |  | SOLE |  | 0 | 8399 | 1354 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 194719 | 5379 | SH |  | SOLE |  | 0 | 5227 | 152 |
| PEMBINA PIPELINE CORP | COM | 706327103 |  | 701726 | 32237 | SH |  | SOLE |  | 0 | 28986 | 3251 |
| PEPSICO INC | COM | 713448108 |  | 1052535 | 10538 | SH |  | SOLE |  | 0 | 8953 | 1585 |
| PFIZER INC | COM | 717081103 |  | 1330621 | 41234 | SH |  | SOLE |  | 0 | 35189 | 6045 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1163575 | 13239 | SH |  | SOLE |  | 0 | 11446 | 1793 |
| PHILIPPINE LONG DISTANCE TEL | SPONSORED ADR | 718252604 |  | 1067 | 25 | SH |  | SOLE |  | 0 | 25 | 0 |
| POTASH CORP SASK INC | COM | 73755L107 |  | 980776 | 57310 | SH |  | SOLE |  | 0 | 50459 | 6851 |
| POWERSHARES QQQ TRUST | UNIT SER 1 | 73935A104 |  | 1342 | 12 | SH |  | SOLE |  | 0 | 12 | 0 |
| PRAXAIR INC | COM | 74005P104 |  | 216614 | 2116 | SH |  | SOLE |  | 0 | 1202 | 914 |
| PRECISION DRILLING CORP | COM 2010 | 74022D308 |  | 31300 | 7947 | SH |  | SOLE |  | 0 | 7328 | 619 |
| PRICELINE GRP INC | COM NEW | 741503403 |  | 288061 | 226 | SH |  | SOLE |  | 0 | 219 | 7 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 844709 | 10640 | SH |  | SOLE |  | 0 | 9012 | 1628 |
| PROGRESSIVE WASTE SOLUTIONS | COM | 74339G101 |  | 42533 | 1807 | SH |  | SOLE |  | 0 | 1604 | 203 |
| PRUDENTIAL PLC | ADR | 74435K204 |  | 767597 | 17035 | SH |  | SOLE |  | 0 | 13227 | 3808 |
| QUALCOMM INC | COM | 747525103 |  | 713014 | 14266 | SH |  | SOLE |  | 0 | 12878 | 1388 |
| RANGE RES CORP | COM | 75281A109 |  | 184230 | 7486 | SH |  | SOLE |  | 0 | 7229 | 257 |
| RAYTHEON CO | COM NEW | 755111507 |  | 789078 | 6339 | SH |  | SOLE |  | 0 | 5473 | 866 |
| REALOGY HLDGS CORP | COM | 75605Y106 |  | 145063 | 3957 | SH |  | SOLE |  | 0 | 3844 | 113 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 195224 | 5225 | SH |  | SOLE |  | 0 | 5225 | 0 |
| REYNOLDS AMERICAN INC | COM | 761713106 |  | 1318764 | 28588 | SH |  | SOLE |  | 0 | 25074 | 3514 |
| RITCHIE BROS AUCTIONEERS | COM | 767744105 |  | 88838 | 3697 | SH |  | SOLE |  | 0 | 3337 | 360 |
| ROGERS COMMUNICATIONS INC | CL B | 775109200 |  | 3530978 | 102428 | SH |  | SOLE |  | 0 | 90353 | 12075 |
| ROYAL BK CDA MONTREAL QUE | COM | 780087102 |  | 3714680 | 69319 | SH |  | SOLE |  | 0 | 59993 | 9326 |
| SK TELECOM LTD | SPONSORED ADR | 78440P108 |  | 4191 | 208 | SH |  | SOLE |  | 0 | 208 | 0 |
| SLM CORP | COM | 78442P106 |  | 126015 | 19298 | SH |  | SOLE |  | 0 | 18731 | 567 |
| SPDR INDEX SHS FDS | EURO STOXX 50 | 78463X202 |  | 47272 | 1375 | SH |  | SOLE |  | 0 | 1375 | 0 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 422278 | 9908 | SH |  | SOLE |  | 0 | 8481 | 1427 |
| SAP SE | SPON ADR | 803054204 |  | 262196 | 3316 | SH |  | SOLE |  | 0 | 1872 | 1444 |
| SHAW COMMUNICATIONS INC | CL B CONV | 82028K200 |  | 243007 | 14140 | SH |  | SOLE |  | 0 | 11874 | 2266 |
| SILVER WHEATON CORP | COM | 828336107 |  | 2795 | 225 | SH |  | SOLE |  | 0 | 225 | 0 |
| SINCLAIR BROADCAST GROUP INC | CL A | 829226109 |  | 110307 | 3392 | SH |  | SOLE |  | 0 | 3288 | 104 |
| SIX FLAGS ENTMT CORP NEW | COM | 83001A102 |  | 872392 | 15879 | SH |  | SOLE |  | 0 | 13763 | 2116 |
| SPIRIT RLTY CAP INC NEW | COM | 84860W102 |  | 209047 | 20863 | SH |  | SOLE |  | 0 | 17979 | 2884 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 93667 | 3524 | SH |  | SOLE |  | 0 | 3413 | 111 |
| STANTEC INC | COM | 85472N109 |  | 573625 | 23188 | SH |  | SOLE |  | 0 | 20825 | 2363 |
| STARBUCKS CORP | COM | 855244109 |  | 946275 | 15766 | SH |  | SOLE |  | 0 | 13900 | 1866 |
| STARWOOD PPTY TR INC | COM | 85571B105 |  | 218014 | 10609 | SH |  | SOLE |  | 0 | 8705 | 1904 |
| SUN LIFE FINL INC | COM | 866796105 |  | 502640 | 16122 | SH |  | SOLE |  | 0 | 15360 | 762 |
| SUNCOR ENERGY INC NEW | COM | 867224107 |  | 4180566 | 162035 | SH |  | SOLE |  | 0 | 144850 | 17185 |
| SYNCHRONY FINL | COM | 87165B103 |  | 152588 | 5021 | SH |  | SOLE |  | 0 | 4876 | 145 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 18843 | 4901 | SH |  | SOLE |  | 0 | 4430 | 471 |
| TEGNA INC | COM | 87901J105 |  | 89881 | 3522 | SH |  | SOLE |  | 0 | 3435 | 87 |
| TELUS CORP | COM | 87971M103 |  | 1503843 | 54473 | SH |  | SOLE |  | 0 | 48928 | 5545 |
| TEVA PHARMACEUTICAL INDS LTD | ADR | 881624209 |  | 596945 | 9097 | SH |  | SOLE |  | 0 | 7818 | 1279 |
| TEXAS INSTRS INC | COM | 882508104 |  | 218801 | 3992 | SH |  | SOLE |  | 0 | 3465 | 527 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 1385351 | 9767 | SH |  | SOLE |  | 0 | 8131 | 1636 |
| THOMSON REUTERS CORP | COM | 884903105 |  | 2125954 | 56139 | SH |  | SOLE |  | 0 | 48830 | 7309 |
| 3M CO | COM | 88579Y101 |  | 1761584 | 11694 | SH |  | SOLE |  | 0 | 10184 | 1510 |
| TIME WARNER INC | COM NEW | 887317303 |  | 206686 | 3197 | SH |  | SOLE |  | 0 | 3080 | 117 |
| TIME WARNER CABLE INC | COM | 88732J207 |  | 604393 | 3261 | SH |  | SOLE |  | 0 | 2773 | 488 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 8225621 | 209880 | SH |  | SOLE |  | 0 | 181949 | 27931 |
| TOTAL S A | SPONSORED ADR | 89151E109 |  | 514753 | 11467 | SH |  | SOLE |  | 0 | 9830 | 1637 |
| TRANSALTA CORP | COM | 89346D107 |  | 7043 | 1985 | SH |  | SOLE |  | 0 | 1725 | 260 |
| TRANSCANADA CORP | COM | 89353D107 |  | 436524 | 13381 | SH |  | SOLE |  | 0 | 11425 | 1956 |
| TRIBUNE MEDIA CO | CL A | 896047503 |  | 147242 | 4355 | SH |  | SOLE |  | 0 | 4218 | 137 |
| TRINITY INDS INC | COM | 896522109 |  | 4803 | 200 | SH |  | SOLE |  | 0 | 200 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 156756 | 1839 | SH |  | SOLE |  | 0 | 1779 | 60 |
| US BANCORP DEL | COM NEW | 902973304 |  | 1063733 | 24941 | SH |  | SOLE |  | 0 | 21275 | 3666 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 1422 | 33 | SH |  | SOLE |  | 0 | 33 | 0 |
| UNILEVER N V | N Y SHS NEW | 904784709 |  | 676545 | 15621 | SH |  | SOLE |  | 0 | 13487 | 2134 |
| UNION PAC CORP | COM | 907818108 |  | 164647 | 2106 | SH |  | SOLE |  | 0 | 2044 | 62 |
| UNITED TECHNOLOGIES CORP | COM | 913017109 |  | 237482 | 2473 | SH |  | SOLE |  | 0 | 1395 | 1078 |
| V F CORP | COM | 918204108 |  | 2240 | 36 | SH |  | SOLE |  | 0 | 36 | 0 |
| VALERO ENERGY CORP NEW | COM | 91913Y100 |  | 386076 | 5460 | SH |  | SOLE |  | 0 | 4717 | 743 |
| VERIFONE SYS INC | COM | 92342Y109 |  | 165427 | 5906 | SH |  | SOLE |  | 0 | 5735 | 171 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 890050 | 19261 | SH |  | SOLE |  | 0 | 16970 | 2291 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 618335 | 8046 | SH |  | SOLE |  | 0 | 6837 | 1209 |
| VERMILION ENERGY INC | COM | 923725105 |  | 547449 | 20184 | SH |  | SOLE |  | 0 | 17850 | 2334 |
| VISA INC | COM CL A | 92826C839 |  | 2128437 | 27446 | SH |  | SOLE |  | 0 | 23133 | 4313 |
| VODAFONE GROUP PLC NEW | SPNSR ADR NO PAR | 92857W308 |  | 544032 | 16864 | SH |  | SOLE |  | 0 | 14569 | 2295 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 1030229 | 12099 | SH |  | SOLE |  | 0 | 10351 | 1748 |
| WELLS FARGO  CO NEW | COM | 949746101 |  | 1954739 | 35979 | SH |  | SOLE |  | 0 | 30869 | 5110 |
| WESTPAC BKG CORP | SPONSORED ADR | 961214301 |  | 701944 | 28994 | SH |  | SOLE |  | 0 | 25143 | 3851 |
| WEYERHAEUSER CO | COM | 962166104 |  | 163666 | 5461 | SH |  | SOLE |  | 0 | 5312 | 149 |
| WHIRLPOOL CORP | COM | 963320106 |  | 98676 | 672 | SH |  | SOLE |  | 0 | 672 | 0 |
| WILLIAMS COS INC DEL | COM | 969457100 |  | 2362 | 92 | SH |  | SOLE |  | 0 | 92 | 0 |
| WYNN RESORTS LTD | COM | 983134107 |  | 830 | 12 | SH |  | SOLE |  | 0 | 12 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 220404 | 3018 | SH |  | SOLE |  | 0 | 2919 | 99 |
| BROOKFIELD PPTY PARTNERS L P | UNIT LTD PARTN | G16249107 |  | 61830 | 2657 | SH |  | SOLE |  | 0 | 2457 | 200 |
| BROOKFIELD INFRAST PARTNERS | LP INT UNIT | G16252101 |  | 212434 | 5615 | SH |  | SOLE |  | 0 | 4620 | 995 |
| BROOKFIELD RENEWABLE ENRGY P | PARTNERSHIP UNIT | G16258108 |  | 68971 | 2640 | SH |  | SOLE |  | 0 | 2311 | 329 |
| EATON CORP PLC | SHS | G29183103 |  | 2861 | 55 | SH |  | SOLE |  | 0 | 55 | 0 |
| HERBALIFE LTD | COM USD SHS | G4412G101 |  | 1072 | 20 | SH |  | SOLE |  | 0 | 20 | 0 |
| WEATHERFORD INTL PLC | ORD SHS | G48833100 |  | 66322 | 7905 | SH |  | SOLE |  | 0 | 7637 | 268 |
| NIELSEN HLDGS PLC | SHS EUR | G6518L108 |  | 345632 | 7417 | SH |  | SOLE |  | 0 | 4232 | 3185 |
| SEADRILL LIMITED | SHS | G7945E105 |  | 277 | 82 | SH |  | SOLE |  | 0 | 82 | 0 |
| SEAGATE TECHNOLOGY PLC | SHS | G7945M107 |  | 1539 | 42 | SH |  | SOLE |  | 0 | 42 | 0 |
| GARMIN LTD | SHS | H2906T109 |  | 1152 | 31 | SH |  | SOLE |  | 0 | 31 | 0 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 332837 | 3831 | SH |  | SOLE |  | 0 | 3311 | 520 |
| AVAGO TECHNOLOGIES LTD | SHS | Y0486S104 |  | 198841 | 1370 | SH |  | SOLE |  | 0 | 1187 | 183 |

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