| Royal Bank of Canada (RY) | $631.7M | 5.24% | 3,185,503 | -129,597 | Trimmed |
| Toronto-Dominion Bank (TD) | $595.7M | 4.95% | 5,071,638 | +493,042 | Added |
| Shopify Inc. (SHOP) | $383.5M | 3.18% | 2,589,956 | +426,169 | Added |
| Invesco Exchange Traded FD T (RSP) | $320.6M | 2.66% | 1,541,109 | +1,054,259 | Added |
| Franco Nev Corp. (FNV) | $268.9M | 2.23% | 1,130,618 | +334,483 | Added |
| Canadian Pacific Kansas City Ltd. (CP) | $240.7M | 2.00% | 2,829,275 | -604 | Held |
| Bank of Nova Scotia (BNS) | $233.8M | 1.94% | 2,573,857 | +1,837,936 | Added |
| Canadian Natural Resources Limited (CNQ) | $210.2M | 1.75% | 4,472,849 | +202,071 | Added |
| Suncor Energy Inc. (SU) | $209.5M | 1.74% | 3,092,424 | +42,611 | Added |
| Apple Inc. (AAPL) | $206.8M | 1.72% | 620,909 | +262,017 | Added |
| Cenovus Energy Inc. (CVE) | $182.9M | 1.52% | 5,889,046 | -98,860 | Trimmed |
| NVIDIA Corp. (NVDA) | $178.6M | 1.48% | 781,818 | -66,399 | Trimmed |
| Bank of Montreal (BMO) | $174.8M | 1.45% | 1,046,216 | +100,610 | Added |
| Enbridge Inc. (ENB) | $161.3M | 1.34% | 3,473,863 | +102,181 | Added |
| TC Energy Corporation (TRP) | $155.7M | 1.29% | 2,690,759 | +540,093 | Added |
| Barrick Mining Corp (B) | $151.7M | 1.26% | 3,733,375 | +1,088,581 | Added |
| Descartes Sys Group Inc. (DSGX) | $144.3M | 1.20% | 1,785,263 | +962,492 | Added |
| Agnico Eagle Mines Ltd (AEM) | $141.7M | 1.18% | 774,458 | -201,478 | Trimmed |
| Celestica Inc. (CLS) | $136.2M | 1.13% | 377,391 | +75,453 | Added |
| Microsoft Corp. (MSFT) | $132.1M | 1.10% | 257,484 | +61,607 | Added |
| Teck Resources Ltd (TECK) | $129.8M | 1.08% | 1,972,760 | +239,520 | Added |
| Invesco S&P 500 Low Volatility ETF (SPLV) | $122.5M | 1.02% | 1,737,034 | +482,846 | Added |
| Wheaton Precious Metals Corp. (WPM) | $116.4M | 0.97% | 872,241 | -98,935 | Trimmed |
| Waste Connections, Inc. (WCN) | $115.0M | 0.95% | 747,739 | +178,689 | Added |
| Hudbay Minerals Inc. (HBM) | $105.5M | 0.88% | 3,951,541 | -203,390 | Trimmed |
| Rogers Communications Inc. (RCI) | $101.9M | 0.85% | 3,313,442 | +498,833 | Added |
| Manulife Financial Corporation (MFC) | $101.6M | 0.84% | 2,386,492 | +2,317,719 | Added |
| Iamgold Corp. (IAG) | $100.8M | 0.84% | 5,473,773 | +457,688 | Added |
| Osisko Gold Royalties Ltd (OR) | $99.6M | 0.83% | 2,908,087 | -183,009 | Trimmed |
| Brookfield Corporation (BN) | $96.0M | 0.80% | 2,611,761 | -2,140,144 | Trimmed |
| Alphabet Inc. (GOOGL) | $84.4M | 0.70% | 245,379 | -105,503 | Trimmed |
| Amazon.com Inc. (AMZN) | $83.1M | 0.69% | 333,685 | -29,043 | Trimmed |
| Brookfield Asset Management Ltd. (BAM) | $72.1M | 0.60% | 1,610,703 | +1,236,911 | Added |
| JPMorgan Chase & Co. (JPM) | $64.2M | 0.53% | 193,939 | +8,184 | Added |
| Brookfield Infrast Partners (BIP) | $63.8M | 0.53% | 1,793,562 | +385,105 | Added |
| Brookfield Renewable Partner (BEP) | $63.2M | 0.52% | 2,244,834 | +25,522 | Added |
| Cameco Corp. (CCJ) | $60.7M | 0.50% | 700,690 | +71,563 | Added |
| Centerra Gold Inc. (CGAU) | $55.5M | 0.46% | 2,545,615 | +1,301,593 | Added |
| Canadian Natl Ry Co. (CNI) | $53.9M | 0.45% | 453,083 | +283,683 | Added |
| Arthur J. Gallagher & Co. (AJG) | $51.7M | 0.43% | 226,690 | +159,064 | Added |
| Gildan Activewear Inc. (GIL) | $49.3M | 0.41% | 1,159,403 | -41,488 | Trimmed |
| Meta Platforms, Inc. (META) | $48.7M | 0.40% | 67,178 | +29,522 | Added |
| Thomson Reuters Corporation (TRI) | $47.1M | 0.39% | 484,731 | +482,652 | Added |
| Magna Intl Inc. (MGA) | $45.8M | 0.38% | 720,044 | -64,367 | Trimmed |
| Restaurant Brands International Inc. (QSR) | $42.7M | 0.35% | 601,103 | +336,184 | Added |
| Bio-Techne Corp. (TECH) | $42.0M | 0.35% | 580,039 | +530,039 | Added |
| Intel Corp. (INTC) | $41.7M | 0.35% | 347,029 | +13,243 | Added |
| Pan Amern Silver Corp. (PAAS) | $41.4M | 0.34% | 911,907 | -295,940 | Trimmed |
| Baytex Energy Corp. (BTE) | $41.0M | 0.34% | 9,090,503 | +7,432,517 | Added |
| Precision Drilling Corp. (PDS) | $39.8M | 0.33% | 495,237 | +269,498 | Added |
| Advanced Micro Devices Inc. (AMD) | $38.9M | 0.32% | 63,585 | -44,613 | Trimmed |
| Eli Lilly & Co. (LLY) | $38.9M | 0.32% | 33,606 | -22 | Held |
| Micron Technology Inc. (MU) | $36.7M | 0.30% | 34,458 | -12,652 | Trimmed |
| Visa Inc. (V) | $36.7M | 0.30% | 102,091 | +17,838 | Added |
| CrowdStrike Holdings, Inc. (CRWD) | $35.4M | 0.29% | 133,751 | -23,157 | Trimmed |
| GFL Environmental Inc. (GFL) | $35.4M | 0.29% | 847,406 | +847,406 | New position |
| Palo Alto Networks Inc. (PANW) | $33.5M | 0.28% | 84,255 | -17,714 | Trimmed |
| Atkore Inc. (ATKR) | $33.3M | 0.28% | 351,809 | +351,754 | Added |
| Seagate Technology Holdings plc (STX) | $33.1M | 0.28% | 35,908 | +11,419 | Added |
| Warner Bros. Discovery, Inc. (WBD) | $32.6M | 0.27% | 1,052,835 | +100,035 | Added |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $32.4M | 0.27% | 71,115 | -20,923 | Trimmed |
| Westinghouse Air Brake Technologies Corp. (WAB) | $31.8M | 0.26% | 110,843 | +39,897 | Added |
| Roku, Inc. (ROKU) | $30.9M | 0.26% | 203,011 | -37,331 | Trimmed |
| Thermo Fisher Scientific Inc. (TMO) | $30.4M | 0.25% | 45,068 | +28,292 | Added |
| Teva Pharmaceutical Industries Ltd. (TEVA) | $30.3M | 0.25% | 765,703 | -159,705 | Trimmed |
| Snowflake Inc. (SNOW) | $29.5M | 0.24% | 86,969 | -66,787 | Trimmed |
| Coca-Cola Co. (KO) | $29.4M | 0.24% | 341,890 | -12,601 | Trimmed |
| Twilio Inc. (TWLO) | $28.9M | 0.24% | 98,796 | -3,829 | Trimmed |
| Broadcom Inc. (AVGO) | $28.7M | 0.24% | 81,689 | -46,053 | Trimmed |
| Charles River Laboratories International, Inc. (CRL) | $28.4M | 0.23% | 96,110 | -20,034 | Trimmed |
| Johnson & Johnson (JNJ) | $28.0M | 0.23% | 105,898 | +9,304 | Added |
| AMETEK Inc. (AME) | $27.9M | 0.23% | 112,659 | +26,224 | Added |
| Guardant Health, Inc. (GH) | $27.7M | 0.23% | 155,372 | -36,504 | Trimmed |
| Ero Copper Corp. (ERO) | $27.2M | 0.23% | 741,716 | +598,837 | Added |
| Clean Harbors Inc. (CLH) | $27.0M | 0.22% | 86,902 | +33,032 | Added |
| Deere & Co. (DE) | $26.7M | 0.22% | 39,826 | +25,243 | Added |
| Boyd Group Services Inc. (BGSI) | $26.0M | 0.22% | 331,425 | -126,323 | Trimmed |
| Penumbra Inc. (PEN) | $25.5M | 0.21% | 80,200 | +5,000 | Added |
| Canadian Imperial Bank of Commerce (CM) | $25.2M | 0.21% | 229,079 | +212,295 | Added |
| Merck & Co., Inc. (MRK) | $24.5M | 0.20% | 168,699 | -8,145 | Trimmed |
| MongoDB, Inc. (MDB) | $24.4M | 0.20% | 69,961 | -17,609 | Trimmed |
| BRP Inc. (DOO) | $24.3M | 0.20% | 433,377 | +138,328 | Added |
| Assurant, Inc. (AIZ) | $24.1M | 0.20% | 91,297 | -20,833 | Trimmed |
| Quanta Services, Inc. (PWR) | $23.9M | 0.20% | 36,621 | -7,324 | Trimmed |
| Kinross Gold Corp. (KGC) | $23.9M | 0.20% | 991,242 | +602,684 | Added |
| KKR & Co. Inc. (KKR) | $23.5M | 0.20% | 257,411 | +14,631 | Added |
| LPL Financial Holdings Inc. (LPLA) | $23.3M | 0.19% | 76,182 | +59,389 | Added |
| Idex Corp. (IEX) | $22.9M | 0.19% | 100,556 | +32,362 | Added |
| RBC Bearings Inc. (RBC) | $22.6M | 0.19% | 45,305 | -13,509 | Trimmed |
| TPG Inc. (TPG) | $22.6M | 0.19% | 511,874 | +118,566 | Added |
| Natera, Inc. (NTRA) | $22.6M | 0.19% | 54,600 | -21,815 | Trimmed |
| Elanco Animal Health Inc. (ELAN) | $22.6M | 0.19% | 1,007,307 | +28,038 | Added |
| Rocket Companies, Inc. (RKT) | $22.5M | 0.19% | 1,952,757 | -185,827 | Trimmed |
| Morgan Stanley (MS) | $22.3M | 0.18% | 118,684 | -49,575 | Trimmed |
| Sandisk Corp. (SNDK) | $22.3M | 0.18% | 12,805 | +302 | Added |
| Anglogold Ashanti PLC (AU) | $22.2M | 0.18% | 236,347 | -45,628 | Trimmed |
| Ovintiv Inc. (OVV) | $22.1M | 0.18% | 381,978 | +56,105 | Added |
| Arcosa, Inc. (ACA) | $22.1M | 0.18% | 151,003 | +151,003 | New position |
| Lam Research Corp. (LRCX) | $22.0M | 0.18% | 67,114 | -12,419 | Trimmed |
| Ventas, Inc. (VTR) | $22.0M | 0.18% | 258,871 | -10,290 | Trimmed |