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

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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
21Vianet Group Inc. ADR	COM	90138A103	3,689	123,050	SH		SOLE	NONE	738,300	0	0
3D Systems Corp.	COM	88554D205	38,112	637,189	SH		SOLE	NONE	637,189	0	0
3M Co.	COM	88579Y101	11,177	78,000	SH		SOLE	NONE	78,000	0	0
8x8 Inc.	COM	282914100	2,295	283,870	SH		SOLE	NONE	283,870	0	0
ACE Limited	COM	H0023R105	116,138	1,119,594	SH		SOLE	NONE	1,119,594	0	0
AGCO Corp.	COM	001084102	52,650	936,232	SH		SOLE	NONE	936,232	0	0
AMETEK Inc.	COM	031100100	48,776	932,675	SH		SOLE	NONE	932,675	0	0
ARM Holdings PLC ADR	ADR	042068106	57,602	1,272,957	SH		SOLE	NONE	1,272,957	0	0
AT&T Inc.	COM	00206R102	47,662	1,347,426	SH		SOLE	NONE	1,347,426	0	0
Actavis PLC	COM	G0083B108	133,069	596,462	SH		SOLE	NONE	596,462	0	0
Acuity Brands Inc.	COM	00508Y102	1,508	10,900	SH		SOLE	NONE	10,900	0	0
Advantage Oil and Gas Limited	COM	00765F101	3,121	464,492	SH		SOLE	NONE	464,492	0	0
Agilent Technologies Inc.	COM	00846U101	408	7,100	SH		SOLE	NONE	7,100	0	0
Agnico Eagle Mines Ltd.	COM	008474108	35,894	937,402	SH		SOLE	NONE	937,402	0	0
Agrium Inc.	COM	008916108	70,836	773,197	SH		SOLE	NONE	773,197	0	0
Alamos Gold Inc.	COM	011527108	4,430	438,096	SH		SOLE	NONE	438,096	0	0
Alaska Air Group Inc.	COM	011659109	6,269	65,926	SH		SOLE	NONE	65,926	0	0
Allergan Inc.	COM	018490102	16,117	95,200	SH		SOLE	NONE	95,200	0	0
Alliance Data Systems Corporation	COM	018581108	53,868	191,476	SH		SOLE	NONE	191,476	0	0
Altria Group Inc.	COM	02209S103	75,512	1,799,783	SH		SOLE	NONE	1,799,783	0	0
Amazon.com Inc.	COM	023135106	41,914	129,026	SH		SOLE	NONE	129,026	0	0
America Movil SAB de CV 'L' ADR	ADR	02364W105	25,688	1,237,804	SH		SOLE	NONE	1,237,804	0	0
American Water Works Company Inc.	COM	030420103	25,059	506,638	SH		SOLE	NONE	506,638	0	0
Ameriprise Financial Inc.	COM	03076C106	113,235	943,354	SH		SOLE	NONE	943,354	0	0
Analog Devices Inc.	COM	032654105	719	13,300	SH		SOLE	NONE	13,300	0	0
AngloGold Ashanti Ltd. ADR	ADR	035128206	1,643	95,427	SH		SOLE	NONE	95,427	0	0
Anheuser-Busch InBev NV ADR	ADR	03524A108	24,044	209,100	SH		SOLE	NONE	209,100	0	0
Annaly Capital Management Inc.	COM	035710409	8	700	SH		SOLE	NONE	700	0	0
Apple Inc.	COM	037833100	18,678	200,900	SH		SOLE	NONE	200,900	0	0
Archer-Daniels-Midland Company	COM	039483102	58,508	1,326,016	SH		SOLE	NONE	1,326,016	0	0
Asanko Gold Inc.	COM	04341Y105	3,881	1,489,920	SH		SOLE	NONE	1,489,920	0	0
Aurico Gold Inc.	COM	05155C105	5,588	1,307,600	SH		SOLE	NONE	1,307,600	0	0
Axiall Corporation	COM	05463D100	6,810	144,000	SH		SOLE	NONE	144,000	0	0
B2Gold Corporation	COM	11777Q209	8,837	3,032,043	SH		SOLE	NONE	3,032,043	0	0
BB&T Corporation	COM	054937107	4	100	SH		SOLE	NONE	100	0	0
BCE Inc.	COM	05534B760	4,090	90,176	SH		SOLE	NONE	90,176	0	0
BHP Billiton Limited ADR	ADR	088606108	377	5,500	SH		SOLE	NONE	5,500	0	0
Baidu Inc. ADR	ADR	056752108	6,041	32,330	SH		SOLE	NONE	3,233	0	0
Baker Hughes Inc.	COM	057224107	685	9,200	SH		SOLE	NONE	9,200	0	0
Bank of America Corp.	COM	060505104	15,962	1,038,087	SH		SOLE	NONE	1,038,087	0	0
Bank of Montreal	COM	063671101	13,205	179,319	SH		SOLE	NONE	179,319	0	0
Bank of Nova Scotia	COM	064149107	223,120	3,346,795	SH		SOLE	NONE	3,346,795	0	0
BankUnited Inc.	COM	06652K103	7,328	218,818	SH		SOLE	NONE	218,818	0	0
Barrick Gold Corporation	COM	067901108	27,394	1,496,163	SH		SOLE	NONE	1,496,163	0	0
Baxter International Inc.	COM	071813109	21,923	303,100	SH		SOLE	NONE	303,100	0	0
Baytex Energy Corp.	COM	07317Q105	23,924	518,358	SH		SOLE	NONE	518,358	0	0
Becton, Dickinson and Company	COM	075887109	805	6,800	SH		SOLE	NONE	6,800	0	0
Bed Bath & Beyond Inc.	COM	075896100	14,093	245,500	SH		SOLE	NONE	245,500	0	0
Bellatrix Exploration Limited	COM	078314101	12,692	1,462,569	SH		SOLE	NONE	1,462,569	0	0
Booz Allen Hamilton Holding Corp.	COM	099502106	7,331	345,000	SH		SOLE	NONE	345,000	0	0
Boulder Brands Inc.	COM	101405108	653	46,000	SH		SOLE	NONE	46,000	0	0
Bristol-Myers Squibb Company	COM	110122108	32,557	670,937	SH		SOLE	NONE	670,937	0	0
Brookfield Asset Management Inc. 'A'	COM	112585104	109,398	2,483,283	SH		SOLE	NONE	2,483,283	0	0
Brookfield Property Partners Limited Partnership	LTD PART	G16249107	1,009	48,300	SH		SOLE	NONE	48,300	0	0
Brookfield Renewable Energy Partners LP	LTD PART	G16258108	922	31,200	SH		SOLE	NONE	31,200	0	0
Buffalo Wild Wings Inc.	COM	119848109	5,603	33,800	SH		SOLE	NONE	33,800	0	0
Bunge Limited	COM	G16962105	10,571	139,700	SH		SOLE	NONE	139,700	0	0
CAE Inc.	COM	124765108	5,816	444,600	SH		SOLE	NONE	444,600	0	0
CBS Corporation 'B'	COM	124857202	51,449	827,783	SH		SOLE	NONE	0	0	827,783
CGI Group Inc. 'A'	COM	39945C109	112,354	3,170,085	SH		SOLE	NONE	3,170,085	0	0
CME Group Inc.	COM	12572Q105	21	300	SH		SOLE	NONE	300	0	0
CSX Corporation	COM	126408103	55,937	1,814,950	SH		SOLE	NONE	1,814,950	0	0
CVS Caremark Corporation	COM	126650100	33,470	443,888	SH		SOLE	NONE	443,888	0	0
Cameco Corporation	COM	13321L108	88,015	4,487,381	SH		SOLE	NONE	4,487,381	0	0
Canadian Imperial Bank of Commerce	COM	136069101	123,928	1,361,937	SH		SOLE	NONE	1,361,937	0	0
Canadian National Railway Co.	COM	136375102	30,412	467,620	SH		SOLE	NONE	467,620	0	0
Canadian Natural Resources Ltd.	COM	136385101	239,316	5,208,536	SH		SOLE	NONE	5,208,536	0	0
Canadian Pacific Railway Limited	COM	13645T100	308	1,700	SH		SOLE	NONE	1,700	0	0
Catamaran Corp.	COM	148887102	36,449	825,444	SH		SOLE	NONE	825,444	0	0
Celestica Inc.	COM	15101Q108	11,605	922,781	SH		SOLE	NONE	922,781	0	0
Celgene Corporation	COM	151020104	76,345	888,780	SH		SOLE	NONE	888,780	0	0
Cemex SAB De CV 4.875% March 15, 2015	CCB	151290AV5	1,472	1,175,000	PRN		SOLE	NONE	0	0	1,175,000
Cenovus Energy Inc.	COM	15135U109	170,387	5,256,427	SH		SOLE	NONE	5,256,427	0	0
Central Fund of Canada Ltd. - A	MFC	153501101	10,635	731,336	SH		SOLE	NONE	195,836	0	0
Central Gold Trust	MFC	153546106	1,438	30,300	SH		SOLE	NONE	0	0	30,300
Cerner Corporation	COM	156782104	65,839	1,276,155	SH		SOLE	NONE	1,276,155	0	0
Chevron Corporation	COM	166764100	51,885	397,316	SH		SOLE	NONE	397,316	0	0
Ciena Corporation	COM	171779309	6,566	303,000	SH		SOLE	NONE	303,000	0	0
Cigna Corp.	COM	125509109	14,998	163,000	SH		SOLE	NONE	163,000	0	0
Cimarex Energy Company	COM	171798101	7,135	49,722	SH		SOLE	NONE	49,722	0	0
Cisco Systems Inc.	COM	17275R102	35,553	1,430,200	SH		SOLE	NONE	1,430,200	0	0
ConAgra Foods Inc.	COM	205887102	5,339	179,800	SH		SOLE	NONE	179,800	0	0
Concho Resources Inc.	COM	20605P101	39,496	273,268	SH		SOLE	NONE	273,268	0	0
ConocoPhillips	COM	20825C104	25,533	297,700	SH		SOLE	NONE	297,700	0	0
Consumer Staples Select Sector SPDR ETF	ETF	81369Y308	36,562	819,063	SH		SOLE	NONE	819,063	0	0
Continental Resources Inc.	COM	212015101	6,142	38,856	SH		SOLE	NONE	38,856	0	0
Core Laboratories NV	COM	N22717107	21,974	131,505	SH		SOLE	NONE	131,505	0	0
Cornerstone Ondemand Inc.	COM	21925Y103	6,095	132,385	SH		SOLE	NONE	132,385	0	0
Corning Inc.	COM	219350105	42,580	1,939,453	SH		SOLE	NONE	1,939,453	0	0
Credicorp Limited	COM	G2519Y108	61,498	395,501	SH		SOLE	NONE	395,501	0	0
Cree Inc.	COM	225447101	425	8,500	SH		SOLE	NONE	8,500	0	0
Crescent Point Energy Corporation	COM	22576C101	23,394	527,879	SH		SOLE	NONE	527,879	0	0
Ctrip.com International Limited ADR	ADR	22943F100	3,741	58,400	SH		SOLE	NONE	14,600	0	0
Cummins Inc.	COM	231021106	2,732	17,700	SH		SOLE	NONE	17,700	0	0
Cyberonics Inc.	COM	23251P102	3,587	57,397	SH		SOLE	NONE	57,397	0	0
D.R. Horton Inc.	COM	23331A109	12,347	502,100	SH		SOLE	NONE	502,100	0	0
DaVita HealthCare Partners Inc.	COM	23918K108	25,555	353,210	SH		SOLE	NONE	353,210	0	0
Dealertrack Technologies Inc. 1.50% March 15, 2017	CCB	242309AB8	1,876	1,401,000	PRN		SOLE	NONE	1,401,000	0	0
Deere & Company	COM	244199105	18	200	SH		SOLE	NONE	200	0	0
Delphi Automotive PLC	COM	G27823106	11,362	165,248	SH		SOLE	NONE	165,248	0	0
Devon Energy Corporation	COM	25179M103	15,567	196,021	SH		SOLE	NONE	196,021	0	0
Devry Education Group Inc.	COM	251893103	415	9,800	SH		SOLE	NONE	9,800	0	0
Discover Financial Services	COM	254709108	701	11,300	SH		SOLE	NONE	11,300	0	0
Dollar General Corporation	COM	256677105	6	100	SH		SOLE	NONE	100	0	0
Dominion Diamond Corp.	COM	257287102	2,162	149,600	SH		SOLE	NONE	149,600	0	0
Dr. Pepper Snapple Group Inc.	COM	26138E109	4,337	74,000	SH		SOLE	NONE	74,000	0	0
EMC Corporation	COM	268648102	18	700	SH		SOLE	NONE	700	0	0
ENSCO PLC Class A	COM	G3157S106	17,217	309,700	SH		SOLE	NONE	309,700	0	0
EOG Resources Inc.	COM	26875P101	9,327	79,796	SH		SOLE	NONE	79,796	0	0
Eagle Materials Inc.	COM	26969P108	6,639	70,388	SH		SOLE	NONE	70,388	0	0
Ecolab Inc.	COM	278865100	27,233	244,535	SH		SOLE	NONE	244,535	0	0
Eldorado Gold Corporation	COM	284902103	45,761	5,984,339	SH		SOLE	NONE	5,984,339	0	0
Enbridge Inc.	COM	29250N105	76,694	1,616,430	SH		SOLE	NONE	1,616,430	0	0
Encana Corp.	COM	292505104	81,084	3,422,648	SH		SOLE	NONE	3,422,648	0	0
Endeavour Silver Corporation	COM	29258Y103	2,428	444,467	SH		SOLE	NONE	444,467	0	0
Endo International PLC 1.75% April 15, 2015	CCB	29264FAB2	985	415,000	PRN		SOLE	NONE	415,000	0	0
EnerNOC Inc.	COM	292764107	97	5,100	SH		SOLE	NONE	5,100	0	0
Energy Select Sector SPDR ETF	ETF	81369Y506	36,863	368,103	SH		SOLE	NONE	368,103	0	0
Enerplus Corp.	COM	292766102	10,964	435,101	SH		SOLE	NONE	435,101	0	0
Enersis SA ADR	ADR	29274F104	108	6,416	SH		SOLE	NONE	6,416	0	0
Exelon Corporation	COM	30161N101	11	300	SH		SOLE	NONE	300	0	0
Express Scripts Holding Co.	COM	30219G108	7	100	SH		SOLE	NONE	100	0	0
Exxon Mobil Corporation	COM	30231G102	67,430	669,568	SH		SOLE	NONE	669,568	0	0
Facebook Inc. 'A'	COM	30303M102	79,457	1,180,555	SH		SOLE	NONE	1,180,555	0	0
Fiesta Restaurant Group Inc.	COM	31660B101	4,236	91,225	SH		SOLE	NONE	91,225	0	0
Fifth Third Bancorp	COM	316773100	598	28,000	SH		SOLE	NONE	28,000	0	0
Financial Select Sector SPDR ETF	ETF	81369Y605	36,628	1,610,057	SH		SOLE	NONE	1,610,057	0	0
First Solar Inc.	COM	336433107	242	3,400	SH		SOLE	NONE	3,400	0	0
FirstService Corporation	COM	33761N109	17,413	343,600	SH		SOLE	NONE	343,600	0	0
Fomento Economico Mexicano SAB de CV ADR	ADR	344419106	33,638	359,137	SH		SOLE	NONE	359,137	0	0
Ford Motor Credit Co. 4.25% November 15, 2016	CCB	345370CN8	735	365,000	PRN		SOLE	NONE	365,000	0	0
Forestar Group Inc.	COM	346233109	11,183	585,652	SH		SOLE	NONE	585,652	0	0
Fortuna Silver Mines Inc.	COM	349915108	2,713	490,607	SH		SOLE	NONE	490,607	0	0
Franco-Nevada Corporation	COM	351858105	12,552	218,687	SH		SOLE	NONE	218,687	0	0
Freeport-McMoRan Copper & Gold Inc.	COM	35671D857	22,665	620,787	SH		SOLE	NONE	620,787	0	0
Frontier Communications Corporation	COM	35906A108	6,543	1,119,909	SH		SOLE	NONE	1,119,909	0	0
Garmin Limited	COM	H2906T109	64,281	1,055,255	SH		SOLE	NONE	1,055,255	0	0
General Electric Company	COM	369604103	84,556	3,216,275	SH		SOLE	NONE	3,216,275	0	0
General Mills Inc.	COM	370334104	26	500	SH		SOLE	NONE	500	0	0
Gildan Activewear Inc.	COM	375916103	41,637	706,709	SH		SOLE	NONE	706,709	0	0
Gilead Sciences Inc.	COM	375558103	86,954	1,048,517	SH		SOLE	NONE	1,048,517	0	0
GlaxoSmithKline PLC ADR	ADR	37733W105	14,703	274,865	SH		SOLE	NONE	274,865	0	0
Global X Norway 30 ETF	ETF	37950E747	34,171	1,895,688	SH		SOLE	NONE	1,895,688	0	0
Goldcorp Inc.	COM	380956409	62,883	2,252,879	SH		SOLE	NONE	2,252,879	0	0
Google Inc. 'A'	COM	38259P508	46,260	79,105	SH		SOLE	NONE	79,105	0	0
Gran Tierra Energy Inc.	COM	38500T101	17,186	2,115,289	SH		SOLE	NONE	2,115,289	0	0
Grifols SA ADR	ADR	398438408	890	20,200	SH		SOLE	NONE	0	0	20,200
Halliburton Company	COM	406216101	3,613	50,874	SH		SOLE	NONE	50,874	0	0
Hannon Armstrong Sustainable Infrastructure Capital Inc.	REIT	41068X100	369	25,700	SH		SOLE	NONE	25,700	0	0
Hasbro Inc.	COM	418056107	2,371	44,684	SH		SOLE	NONE	44,684	0	0
Health Care Select Sector SPDR ETF	ETF	81369Y209	36,692	602,936	SH		SOLE	NONE	602,936	0	0
Henry Schein Inc.	COM	806407102	27,207	229,216	SH		SOLE	NONE	229,216	0	0
Hewlett-Packard Company	COM	428236103	7	200	SH		SOLE	NONE	200	0	0
HomeAway Inc.	COM	43739Q100	6,678	191,700	SH		SOLE	NONE	191,700	0	0
Honeywell International Inc.	COM	438516106	110,761	1,191,246	SH		SOLE	NONE	1,191,246	0	0
HudBay Minerals Inc.	COM	443628102	7,803	843,670	SH		SOLE	NONE	843,670	0	0
Huntington Ingalls Industries Inc.	COM	446413106	11,069	116,984	SH		SOLE	NONE	116,984	0	0
IMAX Corporation	COM	45245E109	3,881	136,200	SH		SOLE	NONE	136,200	0	0
IMRIS Inc.	COM	45322N105	565	496,118	SH		SOLE	NONE	496,118	0	0
Illumina Inc.	COM	452327109	90,719	508,007	SH		SOLE	NONE	508,007	0	0
Imperial Oil Limited	COM	453038408	42,808	812,382	SH		SOLE	NONE	812,382	0	0
Industrial Select Sector SPDR ETF	ETF	81369Y704	36,495	674,789	SH		SOLE	NONE	674,789	0	0
Intel Corporation	COM	458140100	58,100	1,879,575	SH		SOLE	NONE	1,879,575	0	0
Interactive Intelligence Inc.	COM	45841V109	4,852	86,403	SH		SOLE	NONE	86,403	0	0
International Business Machines Corporation	COM	459200101	105,442	581,498	SH		SOLE	NONE	581,498	0	0
Invesco Limited	COM	G491BT108	50,908	1,348,149	SH		SOLE	NONE	1,348,149	0	0
Ishares 3-7 Year Treasury Bond Etf	ETF	464288661	5	41	SH		SOLE	NONE	41	0	0
Ishares Global Energy ETF	ETF	464287341	2	34	SH		SOLE	NONE	34	0	0
Ishares India 50 ETF	ETF	464289529	61,592	2,126,059	SH		SOLE	NONE	2,126,059	0	0
JPMorgan Chase & Co.	COM	46625H100	126,512	2,194,848	SH		SOLE	NONE	2,194,848	0	0
Jack Henry & Associates Inc.	COM	426281101	4,198	70,600	SH		SOLE	NONE	70,600	0	0
Janus Capital Group Inc.	COM	47102X105	50,152	4,017,200	SH		SOLE	NONE	4,017,200	0	0
Jazz Pharmaceuticals PLC	COM	G50871105	10,456	71,097	SH		SOLE	NONE	71,097	0	0
Johnson Controls Inc.	COM	478366107	235	4,700	SH		SOLE	NONE	4,700	0	0
KB Financial Group Inc. ADR	ADR	48241A105	3,071	88,303	SH		SOLE	NONE	88,303	0	0
KB Home	COM	48666K109	3,494	186,940	SH		SOLE	NONE	186,940	0	0
Kate Spade & Co.	COM	485865109	7,234	189,600	SH		SOLE	NONE	189,600	0	0
Kinder Morgan Energy Partners Limited Partnership	LTD PART	494550106	16,589	201,702	SH		SOLE	NONE	201,702	0	0
Kohl's Corporation	COM	500255104	11,231	213,100	SH		SOLE	NONE	213,100	0	0
Kraft Foods Group Inc.	COM	50076Q106	30,043	500,960	SH		SOLE	NONE	500,960	0	0
L-3 Communications Holdings Inc.	COM	502424104	640	5,300	SH		SOLE	NONE	5,300	0	0
Laboratory Corporation of America Holdings	COM	50540R409	10	100	SH		SOLE	NONE	100	0	0
Las Vegas Sands Corporation	COM	517834107	61,398	805,369	SH		SOLE	NONE	805,369	0	0
Lincoln National Corporation	COM	534187109	22,604	439,292	SH		SOLE	NONE	439,292	0	0
Lorillard Inc.	COM	544147101	23,412	383,891	SH		SOLE	NONE	383,891	0	0
Lumber Liquidators Holdings Inc.	COM	55003T107	4,057	53,398	SH		SOLE	NONE	53,398	0	0
LyondellBasell Industries NV 'A'	COM	N53745100	77,659	795,023	SH		SOLE	NONE	795,023	0	0
MAG Silver Corporation	COM	55903Q104	3,133	331,307	SH		SOLE	NONE	331,307	0	0
MGM Resorts International 4.25% April 15, 2015	CCB	55303QAE0	519	350,000	PRN		SOLE	NONE	350,000	0	0
Macy's Inc.	COM	55616P104	731	12,600	SH		SOLE	NONE	12,600	0	0
Magna International Inc.	COM	559222401	72,354	672,204	SH		SOLE	NONE	672,204	0	0
Manulife Financial Corporation	COM	56501R106	74,201	3,733,134	SH		SOLE	NONE	3,733,134	0	0
Market Vectors Gold Miners ETF	ETF	57060U100	7,422	280,547	SH		SOLE	NONE	280,547	0	0
Market Vectors High Yield Municipal Index ETF	ETF	57060U878	3,793	125,700	SH		SOLE	NONE	125,700	0	0
Market Vectors Junior Gold Miners Exchange Traded Fund	ETF	57061R544	7,185	169,989	SH		SOLE	NONE	169,989	0	0
MasTec Inc.	COM	576323109	684	22,185	SH		SOLE	NONE	22,185	0	0
Materials Select Sector SPDR ETF	ETF	81369Y100	36,919	743,422	SH		SOLE	NONE	743,422	0	0
McDonald's Corporation	COM	580135101	30	300	SH		SOLE	NONE	300	0	0
McKesson Corporation	COM	58155Q103	26,226	140,811	SH		SOLE	NONE	140,811	0	0
Mednax Inc.	COM	58502B106	15,091	259,400	SH		SOLE	NONE	259,400	0	0
Medtronic Inc.	COM	585055106	587	9,200	SH		SOLE	NONE	9,200	0	0
Merck & Company Inc.	COM	58933Y105	15,537	268,460	SH		SOLE	NONE	268,460	0	0
MetLife Inc.	COM	59156R108	25,766	463,610	SH		SOLE	NONE	463,610	0	0
Methanex Corporation	COM	59151K108	8,371	135,400	SH		SOLE	NONE	135,400	0	0
Michael Kors Holdings Limited	COM	G60754101	54,269	612,022	SH		SOLE	NONE	612,022	0	0
Microchip Technology Inc. 2.125% December 15, 2037	CCB	595017AB0	954	500,000	PRN		SOLE	NONE	500,000	0	0
Mondelez International Inc.	COM	609207105	45,379	1,206,197	SH		SOLE	NONE	1,206,197	0	0
Monsanto Company	COM	61166W101	54,264	434,927	SH		SOLE	NONE	434,927	0	0
Monster Beverage Corp.	COM	611740101	22,161	311,934	SH		SOLE	NONE	311,934	0	0
Moody's Corporation	COM	615369105	89,699	1,022,972	SH		SOLE	NONE	1,022,972	0	0
Mountain Province Diamonds Inc.	COM	62426E402	2,874	600,075	SH		SOLE	NONE	600,075	0	0
Mueller Water Products Inc. 'A'	COM	624758108	224	25,900	SH		SOLE	NONE	25,900	0	0
NTELOS Holdings Corporation	COM	67020Q305	9,292	745,400	SH		SOLE	NONE	745,400	0	0
NVIDIA Corporation	COM	67066G104	651	35,100	SH		SOLE	NONE	35,100	0	0
NXP Semiconductors NV	COM	N6596X109	16,102	243,227	SH		SOLE	NONE	243,227	0	0
National Retail Properties Inc.	REIT	637417106	22,123	594,607	SH		SOLE	NONE	594,607	0	0
New Gold Inc.	COM	644535106	4,200	661,982	SH		SOLE	NONE	661,982	0	0
Newmont Mining Corporation	COM	651639106	2,392	94,000	SH		SOLE	NONE	94,000	0	0
Noble Energy Inc.	COM	655044105	66,895	863,339	SH		SOLE	NONE	863,339	0	0
Northrop Grumman Corporation	COM	666807102	60,411	504,820	SH		SOLE	NONE	504,820	0	0
Novellus Systems Inc. 2.625% May 15, 2041	CCB	670008AD3	1,998	999,000	PRN		SOLE	NONE	999,000	0	0
Oasis Petroleum Inc.	COM	674215108	4,009	71,722	SH		SOLE	NONE	71,722	0	0
Occidental Petroleum Corporation	COM	674599105	5,666	55,201	SH		SOLE	NONE	55,201	0	0
Omnicom Group Inc.	COM	681919106	64,008	898,448	SH		SOLE	NONE	898,448	0	0
On Assignment Inc.	COM	682159108	5,931	166,661	SH		SOLE	NONE	166,661	0	0
Oncolytics Biotech Inc.	COM	682310107	253	196,749	SH		SOLE	NONE	196,749	0	0
Open Text Corporation	COM	683715106	48,110	1,002,911	SH		SOLE	NONE	1,002,911	0	0
Oracle Corporation	COM	68389X105	54,221	1,337,380	SH		SOLE	NONE	1,337,380	0	0
Pall Corporation	COM	696429307	1,196	14,000	SH		SOLE	NONE	14,000	0	0
Pattern Energy Group Inc.	COM	70338P100	1,120	33,800	SH		SOLE	NONE	33,800	0	0
Peabody Energy Corp.	COM	704549104	1,872	114,440	SH		SOLE	NONE	114,440	0	0
Pembina Pipeline Corporation	COM	706327103	32,917	765,090	SH		SOLE	NONE	765,090	0	0
Pengrowth Energy Corp.	COM	70706P104	13,234	1,846,000	SH		SOLE	NONE	1,846,000	0	0
Penn West Petroleum Ltd.	COM	707887105	3,222	330,000	SH		SOLE	NONE	330,000	0	0
Pentair PLC	COM	G7S00T104	1,349	18,700	SH		SOLE	NONE	18,700	0	0
PepsiCo Inc.	COM	713448108	27	300	SH		SOLE	NONE	300	0	0
Perrigo Co. PLC	COM	G97822103	50,626	347,231	SH		SOLE	NONE	347,231	0	0
Petroleo Brasileiro SA ADR	ADR	71654V408	8,996	614,677	SH		SOLE	NONE	614,677	0	0
Pharmacyclics Inc.	COM	716933106	3,804	42,383	SH		SOLE	NONE	42,383	0	0
Philip Morris International Inc.	COM	718172109	83,493	989,939	SH		SOLE	NONE	989,939	0	0
Phillips 66	COM	718546104	54,214	673,823	SH		SOLE	NONE	673,823	0	0
Pioneer Natural Resources Company	COM	723787107	43,659	189,939	SH		SOLE	NONE	189,939	0	0
Polyone Corporation	COM	73179P106	7,469	177,161	SH		SOLE	NONE	177,161	0	0
Polypore International Inc.	COM	73179V103	473	9,900	SH		SOLE	NONE	9,900	0	0
Potash Corp. of Saskatchewan Inc.	COM	73755L107	546	14,365	SH		SOLE	NONE	14,365	0	0
Powershares International Corporate Bond Portfolio	ETF	73936Q835	12	400	SH		SOLE	NONE	400	0	0
Praxair Inc.	COM	74005P104	1,983	14,925	SH		SOLE	NONE	14,925	0	0
Precision Castparts Corporation	COM	740189105	44,271	175,364	SH		SOLE	NONE	175,364	0	0
Precision Drilling Corporation	COM	74022D308	64,528	4,557,100	SH		SOLE	NONE	4,557,100	0	0
Primerica Inc.	COM	74164M108	49,275	1,029,564	SH		SOLE	NONE	1,029,564	0	0
Primero Mining Corporation	COM	74164W106	10,270	1,281,725	SH		SOLE	NONE	1,281,725	0	0
QUALCOMM Inc.	COM	747525103	173,977	2,196,063	SH		SOLE	NONE	2,196,063	0	0
Quanta Services Inc.	COM	74762E102	1,408	40,700	SH		SOLE	NONE	40,700	0	0
Quest Diagnostics Inc.	COM	74834L100	6	100	SH		SOLE	NONE	100	0	0
RPM International Inc.	COM	749685103	17	376	SH		SOLE	NONE	376	0	0
Randgold Resources Limited ADR	ADR	752344309	46,599	550,721	SH		SOLE	NONE	550,721	0	0
Raytheon Company	COM	755111507	1,957	21,200	SH		SOLE	NONE	21,200	0	0
Revance Therapeutics Inc.	COM	761330109	850	25,000	SH		SOLE	NONE	25,000	0	0
Robert Half International Inc.	COM	770323103	85,587	1,792,378	SH		SOLE	NONE	1,792,378	0	0
Rock-Tenn Company 'A'	COM	772739207	53,825	509,595	SH		SOLE	NONE	509,595	0	0
Rockwell Automation Inc.	COM	773903109	14,024	112,000	SH		SOLE	NONE	112,000	0	0
Rogers Communications Inc. 'B'	COM	775109200	8,468	210,428	SH		SOLE	NONE	0	0	210,428
Ross Stores Inc.	COM	778296103	14,528	219,600	SH		SOLE	NONE	219,600	0	0
Royal Bank of Canada	COM	780087102	170,691	2,387,835	SH		SOLE	NONE	2,387,835	0	0
Royal Dutch Shell PLC 'A' ADR	ADR	780259206	2,260	27,441	SH		SOLE	NONE	27,441	0	0
Royal Gold Inc.	COM	780287108	9,701	127,412	SH		SOLE	NONE	127,412	0	0
Rubicon Technology Inc.	COM	78112T107	357	40,800	SH		SOLE	NONE	40,800	0	0
SPDR Barclays Investment Grade Floating Rate ETF	ETF	78468R200	18,441	601,200	SH		SOLE	NONE	0	0	601,200
SPDR S&P Homebuilders ETF	ETF	78464A888	10,754	328,285	SH		SOLE	NONE	328,285	0	0
SVB Financial Group	COM	78486Q101	4,480	38,400	SH		SOLE	NONE	38,400	0	0
SanDisk Corporation	COM	80004C101	100,871	965,709	SH		SOLE	NONE	965,709	0	0
Sandstorm Gold Limited	COM	80013R206	1,770	254,880	SH		SOLE	NONE	254,880	0	0
Schlumberger Limited	COM	806857108	6,822	57,828	SH		SOLE	NONE	57,828	0	0
Seagate Technology PLC	COM	G7945M107	426	7,500	SH		SOLE	NONE	7,500	0	0
SemGroup Corporation 'A'	COM	81663A105	7,444	94,366	SH		SOLE	NONE	94,366	0	0
Shaw Communications Inc. 'B'	COM	82028K200	27,838	1,085,725	SH		SOLE	NONE	0	0	1,085,725
Shire PLC ADR	ADR	82481R106	1,272	5,400	SH		SOLE	NONE	5,400	0	0
Sigma-Aldrich Corporation	COM	826552101	17	165	SH		SOLE	NONE	165	0	0
Signature Bank	COM	82669G104	2,802	22,200	SH		SOLE	NONE	22,200	0	0
Silver Wheaton Corporation	COM	828336107	47,825	1,817,471	SH		SOLE	NONE	1,817,471	0	0
SilverCrest Mines Inc.	COM	828365106	14,143	6,561,634	SH		SOLE	NONE	6,561,634	0	0
Sirona Dental Systems Inc.	COM	82966C103	11	137	SH		SOLE	NONE	137	0	0
Solitario Exploration & Royalty Corporation	COM	8342EP107	969	718,001	SH		SOLE	NONE	718,001	0	0
Southern Company	COM	842587107	23	500	SH		SOLE	NONE	500	0	0
Southern Copper Corporation	COM	84265V105	1,534	50,516	SH		SOLE	NONE	50,516	0	0
Southwestern Energy Company	COM	845467109	3,738	82,160	SH		SOLE	NONE	82,160	0	0
Spouts Farmers Market Inc.	COM	85208M102	5,313	162,300	SH		SOLE	NONE	162,300	0	0
St. Jude Medical Inc.	COM	790849103	17,914	258,626	SH		SOLE	NONE	258,626	0	0
Stantec Inc.	COM	85472N109	18,070	291,802	SH		SOLE	NONE	291,802	0	0
Staples Inc.	COM	855030102	4,885	450,426	SH		SOLE	NONE	450,426	0	0
Stillwater Mining Company	COM	86074Q102	27,438	1,563,010	SH		SOLE	NONE	1,563,010	0	0
Stratasys Ltd.	COM	M85548101	7,979	70,190	SH		SOLE	NONE	70,190	0	0
Sun Life Financial Inc.	COM	866796105	23,523	640,013	SH		SOLE	NONE	640,013	0	0
SunOpta Inc.	COM	8676EP108	818	58,095	SH		SOLE	NONE	58,095	0	0
SunPower Corp.	COM	867652406	537	13,100	SH		SOLE	NONE	13,100	0	0
Suncor Energy Inc.	COM	867224107	274,992	6,449,319	SH		SOLE	NONE	6,449,319	0	0
Sunedison Inc.	COM	86732Y109	240	10,600	SH		SOLE	NONE	10,600	0	0
Superior Energy Services Inc.	COM	868157108	7,531	208,350	SH		SOLE	NONE	208,350	0	0
Sysco Corporation	COM	871829107	4,421	118,000	SH		SOLE	NONE	118,000	0	0
T.Rowe Price Group Inc.	COM	74144T108	53,097	628,903	SH		SOLE	NONE	628,903	0	0
TE Connectivity Limited	COM	H84989104	14,848	240,000	SH		SOLE	NONE	240,000	0	0
TELUS Corp.	COM	87971M103	34,003	912,370	SH		SOLE	NONE	912,370	0	0
TOTAL SA ADR	ADR	89151E109	4,005	55,475	SH		SOLE	NONE	55,475	0	0
Tahoe Resources Inc.	COM	873868103	98,532	3,763,203	SH		SOLE	NONE	3,763,203	0	0
Taiwan Semiconductor Manufacturing Company Limited ADR	ADR	874039100	717	33,525	SH		SOLE	NONE	33,525	0	0
Talisman Energy Inc.	COM	87425E103	23,441	2,217,534	SH		SOLE	NONE	2,217,534	0	0
Target Corporation	COM	87612E106	29	500	SH		SOLE	NONE	500	0	0
Technology Select Sector SPDR ETF	ETF	81369Y803	36,758	958,088	SH		SOLE	NONE	958,088	0	0
Teck Resources Limited 'B'	COM	878742204	74,312	3,255,277	SH		SOLE	NONE	3,255,277	0	0
Tenaris SA ADR	ADR	88031M109	53,396	1,132,311	SH		SOLE	NONE	1,132,311	0	0
Tesla Motors Inc.	COM	88160R101	264	1,100	SH		SOLE	NONE	1,100	0	0
Teva Pharmaceutical Industries Limited ADR	ADR	881624209	39,046	744,700	SH		SOLE	NONE	744,700	0	0
Texas Instruments Inc.	COM	882508104	722	15,100	SH		SOLE	NONE	15,100	0	0
The Allstate Corporation	COM	020002101	10,656	181,400	SH		SOLE	NONE	181,400	0	0
The Blackstone Group Limited Partnership	COM	09253U108	101,468	3,033,662	SH		SOLE	NONE	3,033,662	0	0
The Boeing Company	COM	097023105	83,885	659,175	SH		SOLE	NONE	659,175	0	0
The Brink's Company	COM	109696104	5,972	211,545	SH		SOLE	NONE	211,545	0	0
The Carlyle Group LP	LTD PART	14309L102	4,818	141,800	SH		SOLE	NONE	141,800	0	0
The Cooper Companies Inc.	COM	216648402	13,429	99,065	SH		SOLE	NONE	99,065	0	0
The Descartes Systems Group Inc.	COM	249906108	460	32,100	SH		SOLE	NONE	32,100	0	0
The Dun & Bradstreet Corporation	COM	26483E100	41,521	376,672	SH		SOLE	NONE	376,672	0	0
The Estee Lauder Companies Inc. 'A'	COM	518439104	61,985	834,528	SH		SOLE	NONE	834,528	0	0
The Hartford Financial Services Group Inc.	COM	416515104	15,310	427,358	SH		SOLE	NONE	427,358	0	0
The Priceline Group Inc.	COM	741503403	73,952	61,460	SH		SOLE	NONE	61,460	0	0
The Williams Companies Inc.	COM	969457100	188,388	3,235,327	SH		SOLE	NONE	3,235,327	0	0
Thermo Fisher Scientific Inc.	COM	883556102	24,467	207,263	SH		SOLE	NONE	207,263	0	0
Thomson Reuters Corporation	COM	884903105	2,539	69,731	SH		SOLE	NONE	69,731	0	0
Tim Hortons Inc.	COM	88706M103	15,225	278,332	SH		SOLE	NONE	278,332	0	0
Toronto-Dominion Bank	COM	891160509	214,100	4,159,221	SH		SOLE	NONE	4,159,221	0	0
TransAlta Corporation	COM	89346D107	12,832	1,046,900	SH		SOLE	NONE	1,046,900	0	0
TransCanada Corporation	COM	89353D107	10,727	224,750	SH		SOLE	NONE	224,750	0	0
Trimble Navigation Limited	COM	896239100	84,004	2,272,960	SH		SOLE	NONE	2,272,960	0	0
U.S. Geothermal Inc. Restricted (1933)	COM	90338S102	3,525	5,852,335	SH		SOLE	NONE	5,852,335	0	0
US Bancorp	COM	902973304	30	700	SH		SOLE	NONE	700	0	0
Ultimate Software Group Inc.	COM	90385D107	5,393	39,014	SH		SOLE	NONE	39,014	0	0
United Natural Foods Inc.	COM	911163103	938	14,400	SH		SOLE	NONE	14,400	0	0
United Parcel Service Inc. 'B'	COM	911312106	21	200	SH		SOLE	NONE	200	0	0
United Technologies Corporation	COM	913017109	25,583	221,500	SH		SOLE	NONE	221,500	0	0
UnitedHealth Group Inc.	COM	91324P102	376	4,600	SH		SOLE	NONE	4,600	0	0
Unum Group	COM	91529Y106	67,056	1,928,580	SH		SOLE	NONE	1,928,580	0	0
Utilities Select Sector SPDR ETF	ETF	81369Y886	37,190	839,903	SH		SOLE	NONE	839,903	0	0
Vale SA ADR	ADR	91912E105	24,059	1,818,004	SH		SOLE	NONE	1,818,004	0	0
Valeant Pharmaceuticals International Inc.	COM	91911K102	5,912	46,753	SH		SOLE	NONE	46,753	0	0
Valero Energy Corporation	COM	91913Y100	24,521	489,333	SH		SOLE	NONE	489,333	0	0
Valmont Industries Inc.	COM	920253101	228	1,500	SH		SOLE	NONE	1,500	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
Veeco Instruments Inc.	COM	922417100	250	6,700	SH		SOLE	NONE	6,700	0	0
Verizon Communications Inc.	COM	92343V104	382	7,800	SH		SOLE	NONE	7,800	0	0
Vermilion Energy Inc.	COM	923725105	12,190	175,188	SH		SOLE	NONE	175,188	0	0
Volcano Corp. 1.75% December 01, 2017	CCB	928645AB6	750	775,000	PRN		SOLE	NONE	775,000	0	0
WPX Energy Inc.	COM	98212B103	21,974	918,778	SH		SOLE	NONE	918,778	0	0
Wabash National Corp. 3.375% May 1, 2018	CCB	929566AH0	956	675,000	PRN		SOLE	NONE	675,000	0	0
Wabtec Corp.	COM	929740108	24,154	292,393	SH		SOLE	NONE	292,393	0	0
Waddell & Reed Financial Inc.	COM	930059100	8,223	131,355	SH		SOLE	NONE	131,355	0	0
Wal-Mart Stores Inc.	COM	931142103	30	400	SH		SOLE	NONE	400	0	0
Walgreen Company	COM	931422109	527	7,100	SH		SOLE	NONE	7,100	0	0
Waste Connections Inc.	COM	941053100	476	9,800	SH		SOLE	NONE	9,800	0	0
Waste Management Inc.	COM	94106L109	66,278	1,481,293	SH		SOLE	NONE	1,481,293	0	0
Web.com Group Inc.	COM	94733A104	15,068	521,823	SH		SOLE	NONE	521,823	0	0
WellPoint Inc.	COM	94973V107	15,729	146,100	SH		SOLE	NONE	146,100	0	0
Wells Fargo & Company	COM	949746101	40,993	779,600	SH		SOLE	NONE	779,600	0	0
Western Copper Corporation and Gold Corp.	COM	95805V108	1,391	1,809,681	SH		SOLE	NONE	1,809,681	0	0
Western Digital Corporation	COM	958102105	8,274	89,600	SH		SOLE	NONE	89,600	0	0
Whiting Petroleum Corporation	COM	966387102	20,806	259,206	SH		SOLE	NONE	259,206	0	0
Wilshire US REIT ETF	ETF	18383M472	4,395	106,400	SH		SOLE	NONE	106,400	0	0
WisdomTree Investments Inc.	COM	97717P104	6,713	542,900	SH		SOLE	NONE	542,900	0	0
Xilinx Inc.	COM	983919101	469	9,900	SH		SOLE	NONE	9,900	0	0
Xplore Technologies Corporation	COM	983950700	1	92	SH		SOLE	NONE	92	0	0
Xylem Inc.	COM	98419M100	2,029	51,900	SH		SOLE	NONE	51,900	0	0
Yamana Gold Inc.	COM	98462Y100	7,776	945,041	SH		SOLE	NONE	945,041	0	0
Yandex NV 'A'	COM	N97284108	1,169	32,800	SH		SOLE	NONE	32,800	0	0
Zoetis Inc.	COM	98978V103	6	200	SH		SOLE	NONE	200	0	0
eBay Inc.	COM	278642103	7,127	142,300	SH		SOLE	NONE	142,300	0	0
iShares Core S&P 500 ETF	ETF	464287200	10,857	55,087	SH		SOLE	NONE	55,087	0	0
iShares Global Timber & Forestry ETF	ETF	464288174	2,283	43,300	SH		SOLE	NONE	43,300	0	0
iShares Gold Trust ETF	ETF	464285105	5,501	426,900	SH		SOLE	NONE	426,900	0	0
iShares International Developed Real Estate ETF	ETF	464288489	3,693	114,900	SH		SOLE	NONE	114,900	0	0
iShares International Treasury Bond ETF	ETF	464288117	13	128	SH		SOLE	NONE	128	0	0
iShares MSCI Australia Index ETF	ETF	464286103	8,920	341,215	SH		SOLE	NONE	341,215	0	0
iShares MSCI China ETF	ETF	46429B671	41,511	894,936	SH		SOLE	NONE	894,936	0	0
iShares MSCI EAFE ETF	ETF	464287465	8,897	130,080	SH		SOLE	NONE	130,080	0	0
iShares MSCI France ETF	ETF	464286707	7,611	261,022	SH		SOLE	NONE	261,022	0	0
iShares MSCI Italy Capped ETF	ETF	464286855	18,919	1,088,248	SH		SOLE	NONE	1,088,248	0	0
iShares MSCI Japan ETF	ETF	464286848	54,956	4,563,019	SH		SOLE	NONE	4,563,019	0	0
iShares MSCI Netherlands ETF	ETF	464286814	54,943	2,145,604	SH		SOLE	NONE	2,145,604	0	0
iShares MSCI Pacific ex Japan ETF	ETF	464286665	7	145	SH		SOLE	NONE	145	0	0
iShares Russell Mid-Cap ETF	ETF	464287499	8,213	50,500	SH		SOLE	NONE	50,500	0	0
salesforce.com Inc.	COM	79466L302	54,460	937,453	SH		SOLE	NONE	937,453	0	0