Agf Investments 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3D Systems Corp.	COM	88554D205	37,429	632,760	SH		SOLE	NONE	632,760	0	0
3M Co.	COM	88579Y101	10,582	78,000	SH		SOLE	NONE	78,000	0	0
8x8 Inc.	COM	282914100	3,069	283,870	SH		SOLE	NONE	283,870	0	0
ACE Limited	COM	H0023R105	102,664	1,036,317	SH		SOLE	NONE	1,036,317	0	0
AGCO Corp.	COM	001084102	33,634	609,717	SH		SOLE	NONE	609,717	0	0
AMETEK Inc.	COM	031100100	51,312	996,475	SH		SOLE	NONE	996,475	0	0
ARM Holdings PLC ADR	ADR	042068106	65,814	1,291,176	SH		SOLE	NONE	1,291,176	0	0
ASML Holding NV	COM	N07059210	542	5,800	SH		SOLE	NONE	0	0	5,800
AT&T Inc.	COM	00206R102	48,527	1,383,621	SH		SOLE	NONE	1,383,621	0	0
Actavis PLC	COM	G0083B108	97,423	473,250	SH		SOLE	NONE	473,250	0	0
Acuity Brands Inc.	COM	00508Y102	1,445	10,900	SH		SOLE	NONE	10,900	0	0
Advanced Micro Devices Inc.	COM	007903107	110	27,400	SH		SOLE	NONE	27,400	0	0
Advantage Oil and Gas Limited	COM	00765F101	2,070	418,892	SH		SOLE	NONE	418,892	0	0
Aflac Inc.	COM	001055102	668	10,600	SH		SOLE	NONE	10,600	0	0
Agilent Technologies Inc.	COM	00846U101	688	12,300	SH		SOLE	NONE	12,300	0	0
Agnico Eagle Mines Ltd.	COM	008474108	14,176	468,013	SH		SOLE	NONE	468,013	0	0
Agrium Inc.	COM	008916108	44,227	453,595	SH		SOLE	NONE	453,595	0	0
Alamos Gold Inc.	COM	011527108	7,694	851,046	SH		SOLE	NONE	851,046	0	0
Alaska Air Group Inc.	COM	011659109	6,152	65,926	SH		SOLE	NONE	65,926	0	0
Alliance Data Systems Corporation	COM	018581108	84,361	309,620	SH		SOLE	NONE	309,620	0	0
Altria Group Inc.	COM	02209S103	67,665	1,807,615	SH		SOLE	NONE	1,807,615	0	0
AmTrust Financial Services Inc.	COM	032359309	20,917	556,100	SH		SOLE	NONE	556,100	0	0
Amazon.com Inc.	COM	023135106	43,107	128,090	SH		SOLE	NONE	128,090	0	0
America Movil SAB de CV 'L' ADR	ADR	02364W105	25,287	1,271,966	SH		SOLE	NONE	1,271,966	0	0
American Water Works Company Inc.	COM	030420103	22,416	493,715	SH		SOLE	NONE	493,715	0	0
Ameriprise Financial Inc.	COM	03076C106	103,355	938,941	SH		SOLE	NONE	938,941	0	0
AmerisourceBergen Corporation	COM	03073E105	945	14,400	SH		SOLE	NONE	14,400	0	0
Amgen Inc.	COM	031162100	851	6,900	SH		SOLE	NONE	6,900	0	0
Analog Devices Inc.	COM	032654105	622	11,700	SH		SOLE	NONE	11,700	0	0
AngloGold Ashanti Ltd. ADR	ADR	035128206	1,696	99,275	SH		SOLE	NONE	99,275	0	0
Anheuser-Busch InBev NV ADR	ADR	03524A108	22,020	209,100	SH		SOLE	NONE	0	0	209,100
Annie's Inc	COM	03600T104	76	1,900	SH		SOLE	NONE	1,900	0	0
Apollo Education Group Inc.	COM	037604105	16,897	493,464	SH		SOLE	NONE	0	0	493,464
Apple Inc.	COM	037833100	16,157	30,100	SH		SOLE	NONE	30,100	0	0
Arch Coal Inc.	COM	039380100	6,840	1,419,100	SH		SOLE	NONE	1,419,100	0	0
Archer-Daniels-Midland Company	COM	039483102	35,341	814,450	SH		SOLE	NONE	814,450	0	0
Asanko Gold Inc.	COM	04341Y105	3,017	1,449,620	SH		SOLE	NONE	1,449,620	0	0
AuRico Gold Inc	COM	05155C105	5,534	1,268,600	SH		SOLE	NONE	1,268,600	0	0
Augusta Resource Corporation	COM	050912203	2,942	947,635	SH		SOLE	NONE	947,635	0	0
Axiall Corporation	COM	05463D100	6,559	146,000	SH		SOLE	NONE	146,000	0	0
B2Gold Corporation	COM	11777Q209	9,967	3,671,170	SH		SOLE	NONE	3,671,170	0	0
BB&T Corporation	COM	054937107	4	100	SH		SOLE	NONE	100	0	0
BCE Inc.	COM	05534B760	10,243	237,676	SH		SOLE	NONE	237,676	0	0
BHP Billiton Limited ADR	ADR	088606108	3,457	51,000	SH		SOLE	NONE	51,000	0	0
Baidu Inc. ADR	ADR	056752108	4,927	32,330	SH		SOLE	NONE	3,233	0	0
Baker Hughes Inc.	COM	057224107	845	13,000	SH		SOLE	NONE	13,000	0	0
Bank of America Corp.	COM	060505104	18,872	1,097,087	SH		SOLE	NONE	1,097,087	0	0
Bank of Montreal	COM	063671101	19,605	292,906	SH		SOLE	NONE	292,906	0	0
Bank of Nova Scotia	COM	064149107	213,064	3,676,963	SH		SOLE	NONE	3,676,963	0	0
BankUnited Inc.	COM	06652K103	9,267	266,518	SH		SOLE	NONE	266,518	0	0
Barrick Gold Corporation	COM	067901108	33,675	1,890,085	SH		SOLE	NONE	1,890,085	0	0
Baxter International Inc.	COM	071813109	22,304	303,100	SH		SOLE	NONE	303,100	0	0
Baytex Energy Corp	COM	07317Q105	28,451	690,658	SH		SOLE	NONE	690,658	0	0
Becton, Dickinson and Company	COM	075887109	656	5,600	SH		SOLE	NONE	5,600	0	0
Bed Bath & Beyond Inc.	COM	075896100	14,642	212,800	SH		SOLE	NONE	212,800	0	0
Bellatrix Exploration Limited	COM	078314101	9,765	1,154,069	SH		SOLE	NONE	1,154,069	0	0
Best Buy Company Inc.	COM	086516101	573	21,700	SH		SOLE	NONE	21,700	0	0
Booz Allen Hamilton Holding Corp.	COM	099502106	1,430	65,000	SH		SOLE	NONE	65,000	0	0
Boulder Brands Inc.	COM	101405108	811	46,000	SH		SOLE	NONE	46,000	0	0
Bristol-Myers Squibb Company	COM	110122108	32,722	629,843	SH		SOLE	NONE	629,843	0	0
Brookfield Asset Management Inc. 'A'	COM	112585104	106,938	2,624,163	SH		SOLE	NONE	2,624,163	0	0
Brookfield Renewable Energy Partners LP	LTD PART	G16258108	473	16,200	SH		SOLE	NONE	16,200	0	0
Buffalo Wild Wings Inc.	COM	119848109	5,033	33,800	SH		SOLE	NONE	33,800	0	0
Bunge Limited	COM	G16962105	11,108	139,700	SH		SOLE	NONE	139,700	0	0
CAE Inc.	COM	124765108	7,377	560,225	SH		SOLE	NONE	560,225	0	0
CBS Corporation 'B'	COM	124857202	50,802	822,000	SH		SOLE	NONE	0	0	822,000
CGI Group Inc. 'A'	COM	39945C109	102,212	3,309,233	SH		SOLE	NONE	3,309,233	0	0
CLARCOR Inc.	COM	179895107	952	16,600	SH		SOLE	NONE	16,600	0	0
CME Group Inc.	COM	12572Q105	22	300	SH		SOLE	NONE	300	0	0
CSX Corporation	COM	126408103	56,069	1,935,300	SH		SOLE	NONE	1,935,300	0	0
CVS Caremark Corporation	COM	126650100	33,375	445,788	SH		SOLE	NONE	445,788	0	0
Cameco Corporation	COM	13321L108	102,843	4,489,977	SH		SOLE	NONE	4,489,977	0	0
Cameron International Corporation	COM	13342B105	3,367	54,500	SH		SOLE	NONE	54,500	0	0
Canadian Imperial Bank of Commerce	COM	136069101	136,842	1,587,514	SH		SOLE	NONE	1,587,514	0	0
Canadian National Railway Co.	COM	136375102	32,406	576,540	SH		SOLE	NONE	576,540	0	0
Canadian Natural Resources Ltd.	COM	136385101	206,569	5,387,285	SH		SOLE	NONE	5,387,285	0	0
Canadian Pacific Railway Limited	COM	13645T100	929	6,200	SH		SOLE	NONE	6,200	0	0
Catamaran Corp	COM	148887102	51,544	1,151,562	SH		SOLE	NONE	1,151,562	0	0
Celgene Corporation	COM	151020104	43,660	312,738	SH		SOLE	NONE	312,738	0	0
Cemex SAB De CV 4.875% March 15, 2015	CCB	151290AV5	2,132	1,725,000	PRN		SOLE	NONE	0	0	1,725,000
Cenovus Energy Inc.	COM	15135U109	121,180	4,188,409	SH		SOLE	NONE	4,188,409	0	0
Central Fund of Canada Limited - A	MFC	153501101	10,169	738,936	SH		SOLE	NONE	203,436	0	0
Central Gold Trust	MFC	153546106	1,371	30,300	SH		SOLE	NONE	0	0	30,300
Cerner Corporation	COM	156782104	72,575	1,290,168	SH		SOLE	NONE	1,290,168	0	0
Chevron Corporation	COM	166764100	53,011	445,780	SH		SOLE	NONE	445,780	0	0
Ciena Corporation	COM	171779309	4,389	193,000	SH		SOLE	NONE	193,000	0	0
Cigna Corp	COM	125509109	13,649	163,000	SH		SOLE	NONE	163,000	0	0
Cimarex Energy Company	COM	171798101	6,075	51,000	SH		SOLE	NONE	51,000	0	0
Cisco Systems Inc.	COM	17275R102	7,172	320,000	SH		SOLE	NONE	320,000	0	0
Citigroup Inc.	COM	172967424	15,833	332,600	SH		SOLE	NONE	332,600	0	0
Cliffs Natural Resources Inc.	COM	18683K101	591	28,900	SH		SOLE	NONE	28,900	0	0
Concho Resources Inc.	COM	20605P101	33,260	271,500	SH		SOLE	NONE	271,500	0	0
ConocoPhillips	COM	20825C104	33,314	473,500	SH		SOLE	NONE	473,500	0	0
Continental Resources Inc.	COM	212015101	5,004	40,263	SH		SOLE	NONE	40,263	0	0
Core Laboratories NV	COM	N22717107	69,762	351,535	SH		SOLE	NONE	351,535	0	0
Cornerstone Ondemand Inc.	COM	21925Y103	6,338	132,385	SH		SOLE	NONE	132,385	0	0
Corning Inc.	COM	219350105	40,099	1,925,882	SH		SOLE	NONE	1,925,882	0	0
Credicorp Limited	COM	G2519Y108	56,358	408,617	SH		SOLE	NONE	408,617	0	0
Cree Inc.	COM	225447101	20,085	355,100	SH		SOLE	NONE	355,100	0	0
Crescent Point Energy Corporation	COM	22576C101	18,936	518,579	SH		SOLE	NONE	518,579	0	0
Ctrip.com International Limited ADR	ADR	22943F100	3,661	72,600	SH		SOLE	NONE	18,150	0	0
Cummins Inc.	COM	231021106	2,786	18,700	SH		SOLE	NONE	18,700	0	0
Cyberonics Inc.	COM	23251P102	3,745	57,397	SH		SOLE	NONE	57,397	0	0
D.R. Horton Inc.	COM	23331A109	10,871	502,100	SH		SOLE	NONE	502,100	0	0
DaVita HealthCare Partners Inc.	COM	23918K108	24,321	353,210	SH		SOLE	NONE	353,210	0	0
Dealertrack Technologies Inc. 1.50% March 15, 2017	CCB	242309AB8	1,076	751,000	PRN		SOLE	NONE	751,000	0	0
Deere & Company	COM	244199105	363	4,000	SH		SOLE	NONE	4,000	0	0
Devon Energy Corporation	COM	25179M103	6,530	97,569	SH		SOLE	NONE	97,569	0	0
Devry Education Group Inc.	COM	251893103	852	20,100	SH		SOLE	NONE	20,100	0	0
Discover Financial Services	COM	254709108	1,030	17,700	SH		SOLE	NONE	17,700	0	0
Dollar General Corporation	COM	256677105	6	100	SH		SOLE	NONE	100	0	0
Dominion Diamond Corp.	COM	257287102	3,310	246,300	SH		SOLE	NONE	246,300	0	0
EMC Corporation	COM	268648102	16,425	599,200	SH		SOLE	NONE	599,200	0	0
ENSCO PLC Class A	COM	G3157S106	15,862	300,500	SH		SOLE	NONE	300,500	0	0
EOG Resources Inc.	COM	26875P101	7,867	40,100	SH		SOLE	NONE	40,100	0	0
Eagle Materials Inc.	COM	26969P108	6,241	70,388	SH		SOLE	NONE	70,388	0	0
Eaton Corporation PLC	COM	G29183103	811	10,800	SH		SOLE	NONE	10,800	0	0
Ecolab Inc.	COM	278865100	31,690	293,439	SH		SOLE	NONE	293,439	0	0
Edwards Lifesciences Corporation	COM	28176E108	7	100	SH		SOLE	NONE	100	0	0
Eldorado Gold Corporation	COM	284902103	34,406	6,182,013	SH		SOLE	NONE	6,182,013	0	0
Eli Lilly and Company	COM	532457108	330	5,600	SH		SOLE	NONE	5,600	0	0
Enbridge Inc.	COM	29250N105	72,710	1,600,176	SH		SOLE	NONE	1,600,176	0	0
Encana Corporation	COM	292505104	93,557	4,378,673	SH		SOLE	NONE	4,378,673	0	0
Endeavour Silver Corporation	COM	29258Y103	2,291	530,667	SH		SOLE	NONE	530,667	0	0
Endo International PLC 1.75% April 15, 2015	CCB	29264FAB2	2,262	960,000	PRN		SOLE	NONE	960,000	0	0
EnerNOC Inc.	COM	292764107	279	12,500	SH		SOLE	NONE	12,500	0	0
Energy Select Sector SPDR ETF	ETF	81369Y506	46,681	524,113	SH		SOLE	NONE	524,113	0	0
Enerplus Corp	COM	292766102	10,046	502,301	SH		SOLE	NONE	502,301	0	0
Enersis SA ADR	ADR	29274F104	107	6,914	SH		SOLE	NONE	6,914	0	0
Exelon Corporation	COM	30161N101	10	300	SH		SOLE	NONE	300	0	0
Express Scripts Holding Co	COM	30219G108	17,534	233,484	SH		SOLE	NONE	233,484	0	0
Exxon Mobil Corporation	COM	30231G102	60,197	616,237	SH		SOLE	NONE	616,237	0	0
Facebook Inc - A	COM	30303M102	58,174	965,655	SH		SOLE	NONE	965,655	0	0
Fiesta Restaurant Group Inc.	COM	31660B101	4,159	91,225	SH		SOLE	NONE	91,225	0	0
Fifth Third Bancorp	COM	316773100	353	15,400	SH		SOLE	NONE	15,400	0	0
Financial Select Sector SPDR ETF	ETF	81369Y605	47,561	2,128,788	SH		SOLE	NONE	2,128,788	0	0
FirstService Corporation	COM	33761N109	16,292	342,900	SH		SOLE	NONE	342,900	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	34,479	369,774	SH		SOLE	NONE	369,774	0	0
Foot Locker Inc.	COM	344849104	6,122	130,300	SH		SOLE	NONE	130,300	0	0
Ford Motor Credit Co. 4.25% November 15, 2016	CCB	345370CN8	661	365,000	PRN		SOLE	NONE	365,000	0	0
Forestar Group Inc.	COM	346233109	9,429	529,667	SH		SOLE	NONE	529,667	0	0
Fortuna Silver Mines Inc.	COM	349915108	1,807	490,607	SH		SOLE	NONE	490,607	0	0
Franco-Nevada Corporation	COM	351858105	15,295	332,706	SH		SOLE	NONE	332,706	0	0
Freeport-McMoRan Copper & Gold Inc.	COM	35671D857	21,145	639,350	SH		SOLE	NONE	639,350	0	0
Frontier Communications Corporation	COM	35906A108	19,243	3,375,609	SH		SOLE	NONE	3,375,609	0	0
GNC Acquisition Holdings Inc.	COM	36191G107	5,869	133,308	SH		SOLE	NONE	133,308	0	0
GT Advanced Technologies Inc	COM	36191U106	561	32,900	SH		SOLE	NONE	32,900	0	0
Garmin Limited	COM	H2906T109	29,621	536,000	SH		SOLE	NONE	536,000	0	0
General Electric Company	COM	369604103	36,754	1,419,500	SH		SOLE	NONE	1,419,500	0	0
General Mills Inc.	COM	370334104	26	500	SH		SOLE	NONE	500	0	0
Gildan Activewear Inc.	COM	375916103	23,664	469,377	SH		SOLE	NONE	469,377	0	0
Gilead Sciences Inc.	COM	375558103	75,923	1,071,400	SH		SOLE	NONE	1,071,400	0	0
Gilead Sciences Inc. 1.625% May 1, 2016	CCB	375558AP8	3,708	1,185,000	PRN		SOLE	NONE	1,185,000	0	0
GlaxoSmithKline PLC ADR	ADR	37733W105	14,331	268,200	SH		SOLE	NONE	268,200	0	0
Global X Norway 30 ETF	ETF	37950E747	30,012	1,798,060	SH		SOLE	NONE	1,798,060	0	0
Goldcorp Inc.	COM	380956409	51,822	2,120,246	SH		SOLE	NONE	2,120,246	0	0
Google Inc. 'A'	COM	38259P508	88,719	79,600	SH		SOLE	NONE	79,600	0	0
Gran Tierra Energy Inc.	COM	38500T101	15,232	2,027,823	SH		SOLE	NONE	2,027,823	0	0
Granite Real Estate Investment Trust	REIT	387437114	1,904	51,732	SH		SOLE	NONE	51,732	0	0
Grifols SA	ADR	398438408	834	20,200	SH		SOLE	NONE	0	0	20,200
Haemonetics Corporation	COM	405024100	8	234	SH		SOLE	NONE	234	0	0
Halliburton Company	COM	406216101	3,419	58,049	SH		SOLE	NONE	58,049	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc.	REIT	41068X100	243	16,900	SH		SOLE	NONE	16,900	0	0
Health Care Select Sector SPDR ETF	ETF	81369Y209	45,459	777,142	SH		SOLE	NONE	777,142	0	0
Henry Schein Inc.	COM	806407102	33,796	283,111	SH		SOLE	NONE	283,111	0	0
Hewlett-Packard Company	COM	428236103	6	200	SH		SOLE	NONE	200	0	0
HomeAway Inc.	COM	43739Q100	7,222	191,700	SH		SOLE	NONE	191,700	0	0
Honeywell International Inc.	COM	438516106	102,511	1,105,045	SH		SOLE	NONE	1,105,045	0	0
HudBay Minerals Inc.	COM	443628102	6,884	881,410	SH		SOLE	NONE	881,410	0	0
Huntington Ingalls Industries Inc.	COM	446413106	11,249	109,996	SH		SOLE	NONE	109,996	0	0
IMAX Corporation	COM	45245E109	3,723	136,200	SH		SOLE	NONE	136,200	0	0
IMRIS Inc.	COM	45322N105	832	526,618	SH		SOLE	NONE	526,618	0	0
Illinois Tool Works Inc.	COM	452308109	683	8,400	SH		SOLE	NONE	8,400	0	0
Illumina Inc.	COM	452327109	74,584	501,690	SH		SOLE	NONE	501,690	0	0
Imperial Oil Limited	COM	453038408	40,209	863,082	SH		SOLE	NONE	863,082	0	0
Intel Corporation	COM	458140100	79,751	3,089,700	SH		SOLE	NONE	3,089,700	0	0
Interactive Intelligence Inc.	COM	45841V109	6,265	86,403	SH		SOLE	NONE	86,403	0	0
International Business Machines Corporation	COM	459200101	123,619	642,165	SH		SOLE	NONE	642,165	0	0
Invesco Limited	COM	G491BT108	46,575	1,258,694	SH		SOLE	NONE	1,258,694	0	0
Ishares India 50 Etf	ETF	464289529	59,196	2,301,559	SH		SOLE	NONE	2,301,559	0	0
Ishares Msci Pacific Ex Japan Etf	ETF	464286665	2	51	SH		SOLE	NONE	51	0	0
Ishares iBoxx $ High Yield Corporate Bond ETF	ETF	464288513	12	127	SH		SOLE	NONE	127	0	0
JPMorgan Chase & Co	COM	46625H100	127,612	2,101,846	SH		SOLE	NONE	2,101,846	0	0
Jack Henry & Associates Inc.	COM	426281101	3,937	70,600	SH		SOLE	NONE	70,600	0	0
Janus Capital Group Inc.	COM	47102X105	59,378	5,462,200	SH		SOLE	NONE	5,462,200	0	0
Jazz Pharmaceuticals PLC	COM	G50871105	9,861	71,097	SH		SOLE	NONE	71,097	0	0
Johnson Controls Inc.	COM	478366107	2,309	48,800	SH		SOLE	NONE	48,800	0	0
KB Financial Group Inc. ADR	ADR	48241A105	3,104	88,303	SH		SOLE	NONE	88,303	0	0
KB Home	COM	48666K109	3,176	186,940	SH		SOLE	NONE	186,940	0	0
Kate Spade & Co.	COM	485865109	6,183	166,700	SH		SOLE	NONE	166,700	0	0
Kimberly-Clark Corporation	COM	494368103	187	1,700	SH		SOLE	NONE	1,700	0	0
Kinder Morgan Energy Partners Limited Partnership	LTD PART	494550106	14,917	201,702	SH		SOLE	NONE	201,702	0	0
Kohl's Corporation	COM	500255104	24,125	424,700	SH		SOLE	NONE	424,700	0	0
Kraft Foods Group Inc.	COM	50076Q106	26,450	471,446	SH		SOLE	NONE	471,446	0	0
L-3 Communications Holdings Inc.	COM	502424104	957	8,100	SH		SOLE	NONE	8,100	0	0
Laboratory Corporation of America Holdings	COM	50540R409	10	100	SH		SOLE	NONE	100	0	0
Las Vegas Sands Corporation	COM	517834107	64,627	800,000	SH		SOLE	NONE	800,000	0	0
Lincoln National Corporation	COM	534187109	20,429	403,155	SH		SOLE	NONE	403,155	0	0
Lorillard Inc.	COM	544147101	13,726	253,800	SH		SOLE	NONE	253,800	0	0
Lowe's Companies Inc.	COM	548661107	1,712	35,000	SH		SOLE	NONE	35,000	0	0
Lumber Liquidators Holdings Inc.	COM	55003T107	5,009	53,398	SH		SOLE	NONE	53,398	0	0
LyondellBasell Industries NV 'A'	COM	N53745100	74,648	839,250	SH		SOLE	NONE	839,250	0	0
MAG Silver Corporation	COM	55903Q104	3,900	561,907	SH		SOLE	NONE	561,907	0	0
MGM Resorts International 4.25% April 15, 2015	CCB	55303QAE0	510	350,000	PRN		SOLE	NONE	350,000	0	0
Macy's Inc.	COM	55616P104	972	16,400	SH		SOLE	NONE	16,400	0	0
Magna International Inc.	COM	559222401	60,129	625,164	SH		SOLE	NONE	625,164	0	0
Manulife Financial Corporation	COM	56501R106	57,385	2,974,218	SH		SOLE	NONE	2,974,218	0	0
Market Vectors High Yield Municipal Index ETF	ETF	57060U878	3,715	125,700	SH		SOLE	NONE	125,700	0	0
MasTec Inc.	COM	576323109	1,264	29,085	SH		SOLE	NONE	29,085	0	0
MasterCard Inc. 'A'	COM	57636Q104	852	11,400	SH		SOLE	NONE	11,400	0	0
Materials Select Sector SPDR ETF	ETF	81369Y100	46,512	983,672	SH		SOLE	NONE	983,672	0	0
Mattel Inc.	COM	577081102	41,964	1,046,150	SH		SOLE	NONE	1,046,150	0	0
McDonald's Corporation	COM	580135101	29	300	SH		SOLE	NONE	300	0	0
McKesson Corporation	COM	58155Q103	47,678	270,011	SH		SOLE	NONE	270,011	0	0
Mednax Inc.	COM	58502B106	16,079	259,400	SH		SOLE	NONE	259,400	0	0
Medtronic Inc.	COM	585055106	634	10,300	SH		SOLE	NONE	10,300	0	0
Merck & Company Inc.	COM	58933Y105	43,838	772,160	SH		SOLE	NONE	772,160	0	0
MetLife Inc.	COM	59156R108	23,208	439,520	SH		SOLE	NONE	439,520	0	0
Methanex Corporation	COM	59151K108	8,271	129,200	SH		SOLE	NONE	129,200	0	0
Michael Kors Holdings Limited	COM	G60754101	56,729	608,197	SH		SOLE	NONE	608,197	0	0
Microchip Technology Inc. 2.125% December 15, 2037	CCB	595017AB0	2,153	1,161,000	PRN		SOLE	NONE	1,161,000	0	0
Molycorp Inc.	COM	608753109	601	128,200	SH		SOLE	NONE	128,200	0	0
Mondelez International Inc	COM	609207105	38,673	1,119,249	SH		SOLE	NONE	1,119,249	0	0
Monsanto Company	COM	61166W101	49,175	432,217	SH		SOLE	NONE	432,217	0	0
Moody's Corporation	COM	615369105	73,527	926,916	SH		SOLE	NONE	926,916	0	0
Mountain Province Diamonds Inc.	COM	62426E402	2,846	600,075	SH		SOLE	NONE	600,075	0	0
Mueller Water Products Inc. 'A'	COM	624758108	246	25,900	SH		SOLE	NONE	25,900	0	0
NTELOS Holdings Corporation	COM	67020Q305	10,436	773,000	SH		SOLE	NONE	773,000	0	0
NVIDIA Corporation	COM	67066G104	639	35,700	SH		SOLE	NONE	35,700	0	0
NXP Semiconductors NV	COM	N6596X109	7,758	131,900	SH		SOLE	NONE	131,900	0	0
National Retail Properties Inc.	REIT	637417106	20,409	594,607	SH		SOLE	NONE	594,607	0	0
NetApp Inc.	COM	64110D104	808	21,900	SH		SOLE	NONE	21,900	0	0
New Gold Inc.	COM	644535106	3,339	674,582	SH		SOLE	NONE	674,582	0	0
Newmont Mining Corporation	COM	651639106	2,110	90,000	SH		SOLE	NONE	90,000	0	0
Nike Inc. 'B'	COM	654106103	628	8,500	SH		SOLE	NONE	8,500	0	0
Noble Corp. PLC	COM	G65431101	3,015	92,100	SH		SOLE	NONE	92,100	0	0
Noble Energy Inc.	COM	655044105	53,187	748,639	SH		SOLE	NONE	748,639	0	0
Northrop Grumman Corporation	COM	666807102	58,075	470,672	SH		SOLE	NONE	470,672	0	0
Novellus Systems Inc. 2.625% May 15, 2041	CCB	670008AD3	1,950	1,150,000	PRN		SOLE	NONE	1,150,000	0	0
Oasis Petroleum Inc.	COM	674215108	3,046	73,000	SH		SOLE	NONE	73,000	0	0
Occidental Petroleum Corporation	COM	674599105	5,464	57,336	SH		SOLE	NONE	57,336	0	0
Ocwen Financial Corporation	COM	675746309	11,545	294,661	SH		SOLE	NONE	294,661	0	0
Omnicom Group Inc.	COM	681919106	56,309	775,562	SH		SOLE	NONE	775,562	0	0
On Assignment Inc.	COM	682159108	6,432	166,661	SH		SOLE	NONE	166,661	0	0
Oncolytics Biotech Inc.	COM	682310107	361	199,549	SH		SOLE	NONE	199,549	0	0
Open Text Corporation	COM	683715106	45,234	947,174	SH		SOLE	NONE	947,174	0	0
Pall Corporation	COM	696429307	1,646	18,400	SH		SOLE	NONE	18,400	0	0
Pandora Media Inc	COM	698354107	573	18,900	SH		SOLE	NONE	18,900	0	0
Pattern Energy Group Inc.	COM	70338P100	1,188	43,800	SH		SOLE	NONE	43,800	0	0
Peabody Energy Corp.	COM	704549104	2,093	128,100	SH		SOLE	NONE	128,100	0	0
Pembina Pipeline Corporation	COM	706327103	33,676	886,430	SH		SOLE	NONE	886,430	0	0
Pengrowth Energy Corp	COM	70706P104	1,330	219,700	SH		SOLE	NONE	219,700	0	0
Penn West Petroleum Ltd	COM	707887105	2,124	254,000	SH		SOLE	NONE	254,000	0	0
Pentair Ltd-Registered	COM	H6169Q108	1,928	24,300	SH		SOLE	NONE	24,300	0	0
PepsiCo Inc.	COM	713448108	25	300	SH		SOLE	NONE	300	0	0
Perrigo Co. PLC	COM	G97822103	51,132	330,593	SH		SOLE	NONE	330,593	0	0
Petroleo Brasileiro SA	ADR	71654V408	5,507	418,745	SH		SOLE	NONE	418,745	0	0
Pfizer Inc.	COM	717081103	3,045	94,800	SH		SOLE	NONE	94,800	0	0
Pharmacyclics Inc.	COM	716933106	4,248	42,383	SH		SOLE	NONE	42,383	0	0
Philip Morris International Inc.	COM	718172109	73,158	893,520	SH		SOLE	NONE	893,520	0	0
Phillips 66	COM	718546104	58,735	762,148	SH		SOLE	NONE	762,148	0	0
Pioneer Natural Resources Company	COM	723787107	35,273	188,474	SH		SOLE	NONE	188,474	0	0
Polyone Corporation	COM	73179P106	5,813	158,561	SH		SOLE	NONE	158,561	0	0
Polypore International Inc.	COM	73179V103	458	13,400	SH		SOLE	NONE	13,400	0	0
Potash Corp. of Saskatchewan Inc.	COM	73755L107	1,055	29,165	SH		SOLE	NONE	29,165	0	0
Praxair Inc.	COM	74005P104	2,729	20,835	SH		SOLE	NONE	20,835	0	0
Precision Castparts Corporation	COM	740189105	43,986	174,015	SH		SOLE	NONE	174,015	0	0
Precision Drilling Corporation	COM	74022D308	65,315	5,451,150	SH		SOLE	NONE	5,451,150	0	0
Primerica Inc.	COM	74164M108	49,806	1,057,190	SH		SOLE	NONE	1,057,190	0	0
Primero Mining Corporation	COM	74164W106	9,611	1,325,925	SH		SOLE	NONE	1,325,925	0	0
Progressive Waste Solutions Limited	COM	74339G101	724	28,600	SH		SOLE	NONE	28,600	0	0
QUALCOMM Inc.	COM	747525103	194,653	2,468,193	SH		SOLE	NONE	2,468,193	0	0
Quanta Services Inc.	COM	74762E102	1,716	46,500	SH		SOLE	NONE	46,500	0	0
Quest Diagnostics Inc.	COM	74834L100	6	100	SH		SOLE	NONE	100	0	0
RPM International Inc.	COM	749685103	16	376	SH		SOLE	NONE	376	0	0
Randgold Resources Limited ADR	ADR	752344309	42,720	569,583	SH		SOLE	NONE	569,583	0	0
Raytheon Company	COM	755111507	4,367	44,200	SH		SOLE	NONE	44,200	0	0
ResMed Inc.	COM	761152107	420	9,400	SH		SOLE	NONE	9,400	0	0
Rio Alto Mining Limited	COM	76689T104	1,362	696,900	SH		SOLE	NONE	696,900	0	0
Robert Half International Inc.	COM	770323103	73,999	1,763,900	SH		SOLE	NONE	1,763,900	0	0
Rock-Tenn Company 'A'	COM	772739207	51,558	488,350	SH		SOLE	NONE	488,350	0	0
Rockwell Automation Inc.	COM	773903109	20,229	162,400	SH		SOLE	NONE	162,400	0	0
Rogers Communications Inc. 'B'	COM	775109200	8,218	198,228	SH		SOLE	NONE	0	0	198,228
Ross Stores Inc.	COM	778296103	25,001	349,400	SH		SOLE	NONE	349,400	0	0
Royal Bank of Canada	COM	780087102	191,970	2,910,235	SH		SOLE	NONE	2,910,235	0	0
Royal Dutch Shell PLC 'A' ADR	ADR	780259206	2,005	27,441	SH		SOLE	NONE	27,441	0	0
Royal Gold Inc.	COM	780287108	7,640	122,000	SH		SOLE	NONE	122,000	0	0
Rubicon Technology Inc.	COM	78112T107	461	40,800	SH		SOLE	NONE	40,800	0	0
SPDR Barclays Investment Grade Floating Rate ETF	ETF	78468R200	19,420	634,800	SH		SOLE	NONE	0	0	634,800
SPDR S&P Homebuilders ETF	ETF	78464A888	10,416	320,000	SH		SOLE	NONE	320,000	0	0
SanDisk Corporation	COM	80004C101	77,861	958,950	SH		SOLE	NONE	958,950	0	0
Sandstorm Gold Limited	COM	80013R206	1,430	254,880	SH		SOLE	NONE	254,880	0	0
Schlumberger Limited	COM	806857108	5,772	59,200	SH		SOLE	NONE	59,200	0	0
Seagate Technology PLC	COM	G7945M107	927	16,500	SH		SOLE	NONE	16,500	0	0
SemGroup Corporation Class 'A'	COM	81663A105	6,198	94,366	SH		SOLE	NONE	94,366	0	0
Shaw Communications Inc. 'B'	COM	82028K200	23,783	995,475	SH		SOLE	NONE	0	0	995,475
Shire PLC ADR	ADR	82481R106	802	5,400	SH		SOLE	NONE	5,400	0	0
Sigma-Aldrich Corporation	COM	826552101	15	165	SH		SOLE	NONE	165	0	0
Silver Wheaton Corporation	COM	828336107	29,413	1,295,932	SH		SOLE	NONE	1,295,932	0	0
SilverCrest Mines Inc.	COM	828365106	12,844	7,026,134	SH		SOLE	NONE	7,026,134	0	0
Sirona Dental Systems Inc.	COM	82966C103	10	137	SH		SOLE	NONE	137	0	0
Solitario Exploration & Royalty Corporation	COM	8342EP107	941	748,101	SH		SOLE	NONE	748,101	0	0
Southern Company	COM	842587107	22	500	SH		SOLE	NONE	500	0	0
Southern Copper Corporation	COM	84265V105	1,520	52,216	SH		SOLE	NONE	52,216	0	0
Southwestern Energy Company	COM	845467109	3,960	86,060	SH		SOLE	NONE	86,060	0	0
Splunk Inc.	COM	848637104	7,645	106,928	SH		SOLE	NONE	106,928	0	0
Spouts Farmers Market Inc.	COM	85208M102	5,848	162,300	SH		SOLE	NONE	162,300	0	0
St. Jude Medical Inc.	COM	790849103	16,487	252,116	SH		SOLE	NONE	252,116	0	0
Stantec Inc.	COM	85472N109	23,884	390,584	SH		SOLE	NONE	390,584	0	0
Staples Inc.	COM	855030102	5,108	450,426	SH		SOLE	NONE	450,426	0	0
Stillwater Mining Company	COM	86074Q102	11,331	765,040	SH		SOLE	NONE	765,040	0	0
Stratasys Ltd.	COM	M85548101	7,447	70,190	SH		SOLE	NONE	70,190	0	0
Sun Life Financial Inc.	COM	866796105	23,914	690,314	SH		SOLE	NONE	690,314	0	0
SunOpta Inc.	COM	8676EP108	6,577	556,895	SH		SOLE	NONE	556,895	0	0
Suncor Energy Inc.	COM	867224107	241,189	6,902,707	SH		SOLE	NONE	6,902,707	0	0
Superior Energy Services Inc.	COM	868157108	7,663	249,100	SH		SOLE	NONE	249,100	0	0
Sysco Corporation	COM	871829107	7,190	199,000	SH		SOLE	NONE	199,000	0	0
T.Rowe Price Group Inc.	COM	74144T108	51,417	624,348	SH		SOLE	NONE	624,348	0	0
TE Connectivity Limited	COM	H84989104	14,452	240,000	SH		SOLE	NONE	240,000	0	0
TELUS Corp.	COM	87971M103	30,641	854,370	SH		SOLE	NONE	854,370	0	0
TOTAL SA ADR	ADR	89151E109	3,870	58,988	SH		SOLE	NONE	58,988	0	0
Tahoe Resources Inc.	COM	873868103	78,778	3,724,878	SH		SOLE	NONE	3,724,878	0	0
Taiwan Semiconductor Manufacturing Company Limited ADR	ADR	874039100	686	34,242	SH		SOLE	NONE	34,242	0	0
Talisman Energy Inc.	COM	87425E103	10,306	1,033,384	SH		SOLE	NONE	1,033,384	0	0
Target Corporation	COM	87612E106	30	500	SH		SOLE	NONE	500	0	0
Technology Select Sector SPDR ETF	ETF	81369Y803	46,319	1,274,131	SH		SOLE	NONE	1,274,131	0	0
Teck Resources Limited 'B'	COM	878742204	84,659	3,920,722	SH		SOLE	NONE	3,920,722	0	0
Tenaris SA ADR	ADR	88031M109	51,517	1,164,202	SH		SOLE	NONE	1,164,202	0	0
Teradata Corporation	COM	88076W103	7,232	147,000	SH		SOLE	NONE	147,000	0	0
Tesla Motors Inc.	COM	88160R101	229	1,100	SH		SOLE	NONE	1,100	0	0
Teva Pharmaceutical Industries Limited ADR	ADR	881624209	38,921	736,545	SH		SOLE	NONE	736,545	0	0
Texas Instruments Inc.	COM	882508104	1,806	38,300	SH		SOLE	NONE	38,300	0	0
The Allstate Corporation	COM	020002101	10,264	181,400	SH		SOLE	NONE	181,400	0	0
The Blackstone Group Limited Partnership	COM	09253U108	132,760	3,992,575	SH		SOLE	NONE	3,992,575	0	0
The Boeing Company	COM	097023105	82,138	654,507	SH		SOLE	NONE	654,507	0	0
The Brink's Company	COM	109696104	3,956	138,545	SH		SOLE	NONE	138,545	0	0
The Carlyle Group	LTD PART	14309L102	4,983	141,800	SH		SOLE	NONE	141,800	0	0
The Coca-Cola Company	COM	191216100	534	13,800	SH		SOLE	NONE	13,800	0	0
The Cooper Companies Inc.	COM	216648402	13,283	96,700	SH		SOLE	NONE	96,700	0	0
The Descartes Systems Group Inc.	COM	249906108	2,749	196,628	SH		SOLE	NONE	196,628	0	0
The Dun & Bradstreet Corporation	COM	26483E100	34,040	342,612	SH		SOLE	NONE	342,612	0	0
The Estee Lauder Companies Inc. 'A'	COM	518439104	39,026	583,500	SH		SOLE	NONE	583,500	0	0
The Hartford Financial Services Group Inc.	COM	416515104	15,074	427,358	SH		SOLE	NONE	427,358	0	0
The Western Union Company	COM	959802109	550	33,600	SH		SOLE	NONE	33,600	0	0
The Williams Companies Inc.	COM	969457100	165,432	4,076,418	SH		SOLE	NONE	4,076,418	0	0
Thermo Fisher Scientific Inc.	COM	883556102	24,923	207,263	SH		SOLE	NONE	207,263	0	0
Thomson Reuters Corporation	COM	884903105	15,787	461,631	SH		SOLE	NONE	461,631	0	0
Tim Hortons Inc.	COM	88706M103	15,991	289,011	SH		SOLE	NONE	289,011	0	0
Toronto-Dominion Bank	COM	891160509	226,058	4,819,482	SH		SOLE	NONE	4,819,482	0	0
TransAlta Corporation	COM	89346D107	11,885	1,022,776	SH		SOLE	NONE	1,022,776	0	0
TransCanada Corporation	COM	89353D107	13,654	300,250	SH		SOLE	NONE	300,250	0	0
Trimble Navigation Limited	COM	896239100	88,288	2,271,274	SH		SOLE	NONE	2,271,274	0	0
Trinity Industries Inc. 3.875% June 1, 2036	CCB	896522AF6	1,072	675,000	PRN		SOLE	NONE	675,000	0	0
U.S. Geothermal Inc. Restricted (1933)	COM	90338S102	4,367	5,852,335	SH		SOLE	NONE	5,852,335	0	0
US Bancorp	COM	902973304	279	6,500	SH		SOLE	NONE	6,500	0	0
Ultimate Software Group Inc.	COM	90385D107	4,400	32,114	SH		SOLE	NONE	32,114	0	0
Union Pacific Corporation	COM	907818108	788	4,200	SH		SOLE	NONE	4,200	0	0
United Natural Foods Inc.	COM	911163103	1,638	23,100	SH		SOLE	NONE	23,100	0	0
United Parcel Service Inc. 'B'	COM	911312106	253	2,600	SH		SOLE	NONE	2,600	0	0
United Technologies Corporation	COM	913017109	25,882	221,500	SH		SOLE	NONE	221,500	0	0
UnitedHealth Group Inc.	COM	91324P102	279	3,400	SH		SOLE	NONE	3,400	0	0
Unum Group	COM	91529Y106	61,812	1,750,454	SH		SOLE	NONE	1,750,454	0	0
Vale SA ADR	ADR	91912E105	21,138	1,528,322	SH		SOLE	NONE	1,528,322	0	0
Valeant Pharmaceuticals International Inc.	COM	91911K102	6,075	46,153	SH		SOLE	NONE	46,153	0	0
Valero Energy Corporation	COM	91913Y100	6,192	116,600	SH		SOLE	NONE	116,600	0	0
Valmont Industries Inc.	COM	920253101	134	900	SH		SOLE	NONE	900	0	0
Vanguard FTSE Europe ETF	ETF	922042874	18	306	SH		SOLE	NONE	306	0	0
Vanguard Ftse Emerging Markets ETF	ETF	922042858	4	90	SH		SOLE	NONE	90	0	0
Vermilion Energy Inc.	COM	923725105	8,854	141,688	SH		SOLE	NONE	141,688	0	0
Volcano Corp. 1.75% December 01, 2017	CCB	928645AB6	758	775,000	PRN		SOLE	NONE	775,000	0	0
WPX Energy Inc	COM	98212B103	17,537	972,592	SH		SOLE	NONE	972,592	0	0
Wabash National Corp. 3.375% May 1, 2018	CCB	929566AH0	932	675,000	PRN		SOLE	NONE	675,000	0	0
Wabtec Corp.	COM	929740108	22,363	288,546	SH		SOLE	NONE	288,546	0	0
Wal-Mart Stores Inc.	COM	931142103	31	400	SH		SOLE	NONE	400	0	0
Walgreen Company	COM	931422109	5,484	83,050	SH		SOLE	NONE	83,050	0	0
Waste Management Inc.	COM	94106L109	57,339	1,362,865	SH		SOLE	NONE	1,362,865	0	0
Web.com Group Inc.	COM	94733A104	13,374	393,000	SH		SOLE	NONE	393,000	0	0
WellPoint Inc.	COM	94973V107	15,591	156,600	SH		SOLE	NONE	156,600	0	0
Wellpoint Inc. 2.75% October 15, 2042	CCB	94973VBG1	1,749	1,200,000	PRN		SOLE	NONE	1,200,000	0	0
Wells Fargo & Company	COM	949746101	38,875	781,500	SH		SOLE	NONE	781,500	0	0
Western Copper Corporation and Gold Corp	COM	95805V108	1,775	1,833,281	SH		SOLE	NONE	1,833,281	0	0
Western Digital Corporation	COM	958102105	4,950	53,900	SH		SOLE	NONE	53,900	0	0
Whiting Petroleum Corporation	COM	966387102	9,375	135,096	SH		SOLE	NONE	135,096	0	0
Whole Foods Market Inc.	COM	966837106	1,481	29,200	SH		SOLE	NONE	29,200	0	0
Wilshire US REIT ETF	ETF	18383M472	4,447	113,700	SH		SOLE	NONE	113,700	0	0
WisdomTree Investments Inc.	COM	97717P104	15,692	1,195,958	SH		SOLE	NONE	1,195,958	0	0
Xilinx Inc.	COM	983919101	657	12,100	SH		SOLE	NONE	12,100	0	0
Xylem Inc.	COM	98419M100	2,164	59,400	SH		SOLE	NONE	59,400	0	0
Yamana Gold Inc.	COM	98462Y100	29,915	3,414,875	SH		SOLE	NONE	3,414,875	0	0
Yandex NV 'A'	COM	N97284108	990	32,800	SH		SOLE	NONE	32,800	0	0
Zimmer Holdings Inc.	COM	98956P102	672	7,100	SH		SOLE	NONE	7,100	0	0
eBay Inc.	COM	278642103	7,861	142,300	SH		SOLE	NONE	142,300	0	0
iShares Core S&P 500 ETF	ETF	464287200	19,158	101,804	SH		SOLE	NONE	101,804	0	0
iShares Global Timber & Forestry ETF	ETF	464288174	2,398	46,300	SH		SOLE	NONE	46,300	0	0
iShares Gold Trust ETF	ETF	464285105	5,674	456,100	SH		SOLE	NONE	456,100	0	0
iShares International Developed Real Estate ETF	ETF	464288489	3,690	122,800	SH		SOLE	NONE	122,800	0	0
iShares International Treasury Bond ETF	ETF	464288117	12	118	SH		SOLE	NONE	118	0	0
iShares MSCI Australia Index ETF	ETF	464286103	8,828	341,215	SH		SOLE	NONE	341,215	0	0
iShares MSCI China ETF	ETF	46429B671	38,099	846,771	SH		SOLE	NONE	846,771	0	0
iShares MSCI EAFE ETF	ETF	464287465	12,742	189,680	SH		SOLE	NONE	189,680	0	0
iShares MSCI France ETF	ETF	464286707	7,091	242,742	SH		SOLE	NONE	242,742	0	0
iShares MSCI Germany ETF	ETF	464286806	3,910	124,700	SH		SOLE	NONE	124,700	0	0
iShares MSCI Italy Capped ETF	ETF	464286855	18,123	1,023,277	SH		SOLE	NONE	1,023,277	0	0
iShares MSCI Japan ETF	ETF	464286848	49,170	4,339,498	SH		SOLE	NONE	4,339,498	0	0
iShares MSCI Netherlands ETF	ETF	464286814	52,695	2,018,065	SH		SOLE	NONE	2,018,065	0	0
iShares MSCI Spain Index ETF	ETF	464286764	6,745	165,300	SH		SOLE	NONE	165,300	0	0
iShares MSCI Taiwan Index ETF	ETF	464286731	24,456	1,700,711	SH		SOLE	NONE	1,700,711	0	0
iShares Russell Mid-Cap ETF	ETF	464287499	8,389	54,200	SH		SOLE	NONE	54,200	0	0
priceline.com Inc.	COM	741503403	72,658	60,958	SH		SOLE	NONE	60,958	0	0
salesforce.com Inc.	COM	79466L302	54,798	959,808	SH		SOLE	NONE	959,808	0	0