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	248	1,300	SH		SOLE		1,300	0	0
ACCENTURE PLC CL-A	SHS CLASS A	G1151C101	4,555	32,303	SH		SOLE		32,303	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	2,360	50,670	SH		SOLE		50,670	0	0
ALCANNA CONV DEB 4.70 JAN 31/22	COM	015857105	654	1,000,000	SH		SOLE		1,000,000	0	0
ALGONQUIN PWR & UTILITIES	CAP STK CL A	02079K305	148	14,724	SH		SOLE		14,724	0	0
ALPHABET INC CL-A	CAP STK CL A	02079K305	8,519	8,152	SH		SOLE		8,152	0	0
AMAZON.COM	COM	023135106	6,618	4,406	SH		SOLE		4,406	0	0
ANTHEM INC	COM	036752103	315	1,200	SH		SOLE		1,200	0	0
APPLE INC	COM	037833100	4,362	27,654	SH		SOLE		27,654	0	0
APTIV PLC	SHS	G6095L109	971	15,764	SH		SOLE		15,764	0	0
BANK OF AMERICA	COM	060505104	680	27,590	SH		SOLE		27,590	0	0
BANK OF MONTREAL	COM	063671101	1,759	26,915	SH		SOLE		26,915	0	0
BANK OF NOVA SCOTIA	COM	064149107	8,283	164,082	SH		SOLE		164,082	0	0
BAYTEX ENERGY	COM	07317Q105	1,969	1,114,925	SH		SOLE		1,114,925	0	0
BCE INC	COM NEW	05534B760	2,934	73,235	SH		SOLE		73,235	0	0
BHP BILLITON -ADR-	SPONSORED ADR	088606108	521	10,791	SH		SOLE		10,791	0	0
BOOKING HOLDINGS INC.	COM	09857L108	4,111	2,387	SH		SOLE		2,387	0	0
BROOKFIELD ASSET MGMT-A LV	CL A LTD VT SH	112585104	6,405	167,087	SH		SOLE		167,087	0	0
BROOKFIELD INFRASTRUCTURE PARTNERS LP	LP INT UNIT	G16252101	6,239	180,696	SH		SOLE		180,696	0	0
CENOVUS ENERGY	COM	15135U109	3,835	545,200	SH		SOLE		545,200	0	0
CINTAS CORP	COM	172908105	202	1,200	SH		SOLE		1,200	0	0
CITIGROUP NEW	COM NEW	172967424	1,983	38,085	SH		SOLE		38,085	0	0
COTT CORP	COM	22163N106	139	10,000	SH		SOLE		10,000	0	0
DANAHER	COM	235851102	6,364	61,523	SH		SOLE		61,523	0	0
DISNEY (WALT) COMPANY	COM DISNEY	254687106	6,290	56,911	SH		SOLE		56,911	0	0
DOWDUPONT INC	COM	26078J100	1,354	25,315	SH		SOLE		25,315	0	0
ENBRIDGE	COM	29250N105	3,444	110,846	SH		SOLE		110,846	0	0
EXXON MOBIL	COM	30231G102	1,264	18,541	SH		SOLE		18,541	0	0
FORTIS	COM	349553107	3,257	97,682	SH		SOLE		97,682	0	0
FORTIVE CORP	COM	34959J108	2,192	32,399	SH		SOLE		32,399	0	0
GOLDMAN SACHS GROUP	COM	38141G104	4,330	25,923	SH		SOLE		25,923	0	0
IMPERIAL OIL	COM NEW	453038408	1,688	66,232	SH		SOLE		66,232	0	0
JOHNSON & JOHNSON	COM	478160104	373	2,890	SH		SOLE		2,890	0	0
JP MORGAN CHASE	COM	46625H100	6,184	63,344	SH		SOLE		63,344	0	0
McDONALD'S CORP	COM	580135101	4,151	23,376	SH		SOLE		23,376	0	0
MEDTRONIC PLC	COM	585055106	1,678	18,448	SH		SOLE		18,448	0	0
MICROSOFT	COM	594918104	600	5,910	SH		SOLE		5,910	0	0
PEMBINA PIPELINE	COM	706327103	869	29,135	SH		SOLE		29,135	0	0
PEPSICO	COM	713448108	1,969	17,672	SH		SOLE		17,672	0	0
PNC FINANCIAL SERV GROUP	COM	693475105	2,809	24,029	SH		SOLE		24,029	0	0
RAYTHEON CO.	COM NEW	755111507	1,280	8,300	SH		SOLE		8,300	0	0
ROYAL BANK OF CANADA	COM	780087102	5,210	76,099	SH		SOLE		76,099	0	0
SPDR S&P 500 ETF	TR UNIT	78462F103	382	1,522	SH		SOLE		1,522	0	0
STANLEY BLACK & DECKER INC	COM	854502101	5,270	44,009	SH		SOLE		44,009	0	0
STRYKER CORP	COM	863667101	6,584	41,864	SH		SOLE		41,864	0	0
SUNCOR ENERGY	COM	867224107	373	13,368	SH		SOLE		13,368	0	0
TORONTO DOMINION BANK	COM NEW	891160509	10,975	220,726	SH		SOLE		220,726	0	0
UNION PACIFIC	COM	907818108	346	2,500	SH		SOLE		2,500	0	0
VERMILION ENERGY INC	COM	923725105	386	18,155	SH		SOLE		18,155	0	0
WELLS FARGO	COM	949746101	3,820	82,899	SH		SOLE		82,899	0	0