Davis-rea 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

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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
3M COMPANY	COM	88579Y101	274	1,300	SH		SOLE		1,300	0	0
ACCENTURE PLC CL-A	SHS CLASS A	G1151C101	4,480	26,321	SH		SOLE		26,321	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	3,163	38,020	SH		SOLE		38,020	0	0
ALCANNA CONV DEB 4.70 JAN 31/22	COM	015857105	792	1,000,000	SH		SOLE		1,000,000	0	0
ALGONQUIN PWR & UTILITIES	CAP STK CL A	02079K305	159	15,410	SH		SOLE		15,410	0	0
ALPHABET INC CL-A	CAP STK CL A	02079K305	7,113	5,893	SH		SOLE		5,893	0	0
AMAZON.COM	COM	023135106	8,567	4,277	SH		SOLE		4,277	0	0
ANTHEM INC	COM	036752103	329	1,200	SH		SOLE		1,200	0	0
APPLE INC	COM	037833100	6,400	28,349	SH		SOLE		28,349	0	0
APTIV PLC	SHS	G6095L109	1,301	15,507	SH		SOLE		15,507	0	0
BANK OF MONTREAL	COM	063671101	2,218	26,914	SH		SOLE		26,914	0	0
BANK OF NOVA SCOTIA	COM	064149107	9,157	153,738	SH		SOLE		153,738	0	0
BAYTEX ENERGY	COM	07317Q105	4,147	1,429,606	SH		SOLE		1,429,606	0	0
BCE INC	COM NEW	05534B760	3,173	77,275	SH		SOLE		77,275	0	0
BHP BILLITON -ADR-	SPONSORED ADR	088606108	778	15,616	SH		SOLE		15,616	0	0
BOOKING HOLDINGS INC.	COM	09857L108	3,672	1,851	SH		SOLE		1,851	0	0
BROOKFIELD ASSET MGMT-A LV	CL A LTD VT SH	112585104	7,918	178,033	SH		SOLE		178,033	0	0
BROOKFIELD INFRASTRUCTURE PARTNERS LP	LP INT UNIT	G16252101	7,045	176,659	SH		SOLE		176,659	0	0
CANADIAN PACIFIC RAILWAY	COM	13645T100	256	1,206	SH		SOLE		1,206	0	0
CINTAS CORP	COM	172908105	237	1,200	SH		SOLE		1,200	0	0
CITIGROUP NEW	COM NEW	172967424	1,928	26,870	SH		SOLE		26,870	0	0
COTT CORP	COM	22163N106	161	10,000	SH		SOLE		10,000	0	0
DANAHER	COM	235851102	6,831	62,776	SH		SOLE		62,776	0	0
DISNEY (WALT) COMPANY	COM DISNEY	254687106	6,580	56,267	SH		SOLE		56,267	0	0
ENBRIDGE	COM	29250N105	3,760	116,601	SH		SOLE		116,601	0	0
EXXON MOBIL	COM	30231G102	1,725	20,286	SH		SOLE		20,286	0	0
FACEBOOK INC CL-A	CL A	30303M102	4,697	28,563	SH		SOLE		28,563	0	0
FORTIS	COM	349553107	3,317	102,374	SH		SOLE		102,374	0	0
FORTIVE CORP	COM	34959J108	2,770	32,899	SH		SOLE		32,899	0	0
GOLDMAN SACHS GROUP	COM	38141G104	6,153	27,440	SH		SOLE		27,440	0	0
IMPERIAL OIL	COM NEW	453038408	2,629	80,939	SH		SOLE		80,939	0	0
INT'L BUSINESS MACHINES	COM	459200101	310	2,047	SH		SOLE		2,047	0	0
JOHNSON & JOHNSON	COM	478160104	399	2,890	SH		SOLE		2,890	0	0
JP MORGAN CHASE	COM	46625H100	6,541	57,964	SH		SOLE		57,964	0	0
McDONALD'S CORP	COM	580135101	3,949	23,606	SH		SOLE		23,606	0	0
MEDTRONIC PLC	COM	585055106	1,846	18,673	SH		SOLE		18,673	0	0
MICROSOFT	COM	594918104	707	6,185	SH		SOLE		6,185	0	0
PEMBINA PIPELINE	COM	706327103	1,098	32,196	SH		SOLE		32,196	0	0
PEPSICO	COM	713448108	1,994	17,832	SH		SOLE		17,832	0	0
PNC FINANCIAL SERV GROUP	COM	693475105	3,704	27,199	SH		SOLE		27,199	0	0
ROYAL BANK OF CANADA	COM	780087102	6,067	75,741	SH		SOLE		75,741	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	380	1,302	SH		SOLE		1,302	0	0
STANLEY BLACK & DECKER INC	COM	854502101	6,123	41,813	SH		SOLE		41,813	0	0
STRYKER CORP	COM	863667101	7,468	41,919	SH		SOLE		41,919	0	0
SUN LIFE FINANCIAL	COM	866796105	213	5,373	SH		SOLE		5,373	0	0
SUNCOR ENERGY	COM	867224107	548	14,168	SH		SOLE		14,168	0	0
TORONTO DOMINION BANK	COM NEW	891160509	13,967	230,025	SH		SOLE		230,025	0	0
TRANSCANADA CORP	COM	89353D107	320	7,818	SH		SOLE		7,818	0	0
UNION PACIFIC	COM	907818108	407	2,500	SH		SOLE		2,500	0	0
VERMILION ENERGY INC	COM	923725105	5,783	174,689	SH		SOLE		174,689	0	0
WELLS FARGO	COM	949746101	3,252	61,874	SH		SOLE		61,874	0	0