UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Bank of Nova Scotia
Address: 40 King St. West
Scotia Plaza 9th Floor
Toronto, Ontario M5H 1H1
13F File Number: 28-11475
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Abdurrehman Muhammadi
Title: Vice President, Financial Accounting and Reporting
Phone: 416-866-7898
Signature, Place, and Date of Signing:
/s/ Abdurrehman Muhammadi Toronto, On, Canada May 13, 2011
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28-11461 Scotia Capital Inc.
28-13705 Scotia Asset Management L.P.
28-11459 Bank of Nova Scotia Trust Co.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form13F Information Table Entry Total: 426
Form13F Information Table Value Total: $17,437,006 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional managers with respect to which this report is filed, other
than the manager filing this report.
No. 13F File Number Name
28-11472 BNS Investment Inc.
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
3M CO COM 88579Y101 6358 68000 SH SOLE 68000 0 0
ABBOTT LABS COM 002824100 242 4944 DEFINED 4944 0 0
ABBOTT LABS COM 002824100 294 6000 SH DEFINED 1 6000 0 0
ABBOTT LABS COM 002824100 3164 64500 SH SOLE 64500 0 0
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 3436 62500 SH SOLE 62500 0 0
ADVANCED MICRO DEVICES INC COM 007903107 5473 636343 SH SOLE 636343 0 0
AEGON N V NY REGISTRY SH 007924103 152 20347 DEFINED 20347 0 0
AES CORP COM 00130H105 130 10000 DEFINED 10000 0 0
AES CORP COM 00130H105 952 73200 SH SOLE 73200 0 0
AETNA INC NEW COM 00817Y108 412 11000 SH SOLE 11000 0 0
AGNICO EAGLE MINES LTD COM 008474108 207 3116 DEFINED 1 3116 0 0
AGNICO EAGLE MINES LTD COM 008474108 24408 367107 SH SOLE 367107 0 0
AGRIUM INC COM 008916108 32321 349936 SH SOLE 349936 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 11686 136055 SH SOLE 136055 0 0
ALLIANCE ONE INTL INC COM 018772103 3200 796061 SH SOLE 796061 0 0
ALLIANCE ONE INTL INC COM 018772103 344 85650 SH DEFINED 1 85650 0 0
AMAZON COM INC COM 023135106 234 1301 DEFINED 1301 0 0
AMERICAN EQTY INVT LIFE HLD COM 025676206 2585 197017 SH SOLE 197017 0 0
AMERICAN INTL GROUP INC UNIT 99/99/9999 026874115 45 10075 DEFINED 10075 0 0
AMGEN INC COM 031162100 6494 121500 SH SOLE 121500 0 0
ANADARKO PETE CORP COM 032511107 12288 150000 SH SOLE 150000 0 0
APPLE INC COM 037833100 563 1618 DEFINED 1618 0 0
APPLE INC COM 037833100 5042 14471 DEFINED 1 14471 0 0
APPLE INC COM 037833100 987 2833 SH SOLE 2833 0 0
APPLIED MATLS INC COM 038222105 12889 825108 SH SOLE 825108 0 0
ARCHER DANIELS MIDLAND CO COM 039483102 18991 527373 SH SOLE 527373 0 0
AT&T INC COM 00206R102 9180 300000 SH SOLE 300000 0 0
AT&T INC COM 00206R102 331 10800 SH DEFINED 1 10800 0 0
AT&T INC COM 00206R102 421 13765 DEFINED 1 13765 0 0
ATLANTIC PWR CORP COM NEW 04878Q863 12620 833900 SH SOLE 833900 0 0
AURIZON MINES LTD COM 05155P106 1055 150000 SH SOLE 150000 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 10131 197450 SH SOLE 197450 0 0
BAIDU INC SPON ADR REP A 056752108 303 2200 SH SOLE 2200 0 0
BANCO SANTANDER SA ADR 05964H105 351 30000 DEFINED 30000 0 0
BANCO SANTANDER SA ADR 05964H105 123 10515 SH DEFINED 1 10515 0 0
BANK MONTREAL QUE COM 063671101 514 7928 DEFINED 1 7928 0 0
BANK MONTREAL QUE COM 063671101 1245835 19174904 SH SOLE 19174904 0 0
BANK NOVA SCOTIA HALIFAX COM 064149107 5801 94492 DEFINED 1 94492 0 0
BANK OF AMERICA CORPORATION COM 060505104 397 29824 DEFINED 1 29824 0 0
BANK OF AMERICA CORPORATION COM 060505104 189338 14204074 SH SOLE 14204074 0 0
BANK OF AMERICA CORPORATION COM 060505104 405 30404 DEFINED 30404 0 0
BANK OF NEW YORK MELLON CORP COM 064058100 2555 85557 DEFINED 85557 0 0
BANRO CORP COM 066800103 384 150000 SH SOLE 150000 0 0
BARCLAYS BANK PLC ETN DJUBS NAT37 06739H644 86 10000 DEFINED 10000 0 0
BARCLAYS BANK PLC SP ADR 7.1%PF3 06739H776 268 10635 DEFINED 10635 0 0
BARCLAYS BK PLC DJUBS CMDT ETN36 06738C778 2100 41740 DEFINED 41740 0 0
BARRICK GOLD CORP COM 067901108 680 13100 DEFINED 1 13100 0 0
BARRICK GOLD CORP COM 067901108 119012 2289397 SH SOLE 2289397 0 0
BAYTEX ENERGY CORP COM 07317Q105 3205 54800 SH SOLE 54800 0 0
BB&T CORP COM 054937107 23006 838100 SH SOLE 838100 0 0
BCE INC COM NEW 05534B760 406 11189 DEFINED 1 11189 0 0
BCE INC COM NEW 05534B760 180763 4975026 SH SOLE 4975026 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 5262 42 DEFINED 1 42 0 0
BERRY PETE CO CL A 085789105 206 4100 DEFINED 4100 0 0
BEST BUY INC COM 086516101 1364 47500 SH SOLE 47500 0 0
BHP BILLITON LTD SPONSORED ADR 088606108 2205 23000 SH SOLE 23000 0 0
BLDRS INDEX FDS TR EMER MK 50 ADR 09348R300 1067 22000 SH DEFINED 1 22000 0 0
BOSTON PROPERTIES INC COM 101121101 4947 52159 SH SOLE 52159 0 0
BOSTON SCIENTIFIC CORP COM 101137107 1825 253814 SH SOLE 253814 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 264 10000 SH DEFINED 1 10000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 10762 407350 SH SOLE 407350 0 0
BROADCOM CORP CL A 111320107 380 9650 SH SOLE 9650 0 0
BROCADE COMMUNICATIONS SYS I COM NEW 111621306 209 34000 SH DEFINED 1 34000 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 433283 13329014 SH SOLE 13329014 0 0
BROOKFIELD PPTYS CORP COM 112900105 235818 13320935 SH SOLE 13320935 0 0
CABOT OIL & GAS CORP COM 127097103 202 3820 DEFINED 3820 0 0
CAE INC COM 124765108 28989 2181656 SH SOLE 2181656 0 0
CAMECO CORP COM 13321L108 25273 857139 SH SOLE 857139 0 0
CANADIAN NAT RES LTD COM 136385101 255 5170 DEFINED 5170 0 0
CANADIAN NAT RES LTD COM 136385101 143478 2901088 SH SOLE 2901088 0 0
CANADIAN NATL RY CO COM 136375102 258787 3429290 SH SOLE 3429290 0 0
CANADIAN PAC RY LTD COM 13645T100 243 3790 DEFINED 3790 0 0
CANADIAN PAC RY LTD COM 13645T100 27618 432578 SH SOLE 432578 0 0
CARNIVAL CORP PAIRED CTF 143658300 1454 37900 SH SOLE 37900 0 0
CATERPILLAR INC DEL COM 149123101 1337 12016 DEFINED 1 12016 0 0
CATERPILLAR INC DEL COM 149123101 5567 50000 SH SOLE 50000 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 385 4469 DEFINED 1 4469 0 0
CDN IMPERIAL BK OF COMMERCE COM 136069101 1323437 15345186 SH SOLE 15345186 0 0
CEMEX SAB DE CV SPON ADR NEW 151290889 7785 871769 SH SOLE 871769 0 0
CENOVUS ENERGY INC COM 15135U109 313884 7944128 SH SOLE 7944128 0 0
CENTRAL FD CDA LTD CL A 153501101 374 16700 SH DEFINED 1 16700 0 0
CEPHALON INC COM 156708109 16419 217230 SH SOLE 217230 0 0
CHEVRON CORP NEW COM 166764100 516 4802 SH DEFINED 1 4802 0 0
CHEVRON CORP NEW COM 166764100 19337 180000 SH SOLE 180000 0 0
CHINA MOBILE LIMITED SPONSORED ADR 16941M109 8924 193000 SH SOLE 193000 0 0
CISCO SYS INC COM 17275R102 970 56603 DEFINED 56603 0 0
CISCO SYS INC COM 17275R102 7693 448570 SH SOLE 448570 0 0
CITIGROUP INC COM 172967101 269 61071 DEFINED 61071 0 0
CITIGROUP INC COM 172967101 4770 1076355 DEFINED 1 1076355 0 0
CITIGROUP INC COM 172967101 69 15500 SH DEFINED 1 15500 0 0
CITIGROUP INC COM 172967101 3425 775000 SH SOLE 775000 0 0
COCA COLA CO COM 191216100 738 11137 DEFINED 11137 0 0
COCA COLA CO COM 191216100 8957 135000 SH SOLE 135000 0 0
COEUR D ALENE MINES CORP IDA COM NEW 192108504 208 6000 DEFINED 6000 0 0
COLGATE PALMOLIVE CO COM 194162103 268 3325 DEFINED 3325 0 0
COMCAST CORP NEW CL A SPL 20030N200 6966 300000 DEFINED 1 300000 0 0
COMPANIA DE MINAS BUENAVENTU SPONSORED ADR 204448104 145608 3388613 SH DEFINED 1 3388613 0 0
CONAGRA FOODS INC COM 205887102 475 20000 SH DEFINED 1 20000 0 0
CONAGRA FOODS INC COM 205887102 14759 621439 SH SOLE 621439 0 0
CONOCOPHILLIPS COM 20825C104 607 7605 DEFINED 1 7605 0 0
CONOCOPHILLIPS COM 20825C104 438 5485 SH DEFINED 1 5485 0 0
CONSOL ENERGY INC COM 20854P109 415 7736 SH SOLE 7736 0 0
CONSOLIDATED EDISON INC COM 209115104 231 4550 SH DEFINED 1 4550 0 0
CONSTELLATION BRANDS INC CL A 21036P108 375 18500 SH DEFINED 1 18500 0 0
COSAN LTD SHS A G25343107 5676 440000 SH DEFINED 1 440000 0 0
COVANTA HLDG CORP COM 22282E102 28364 1660661 SH SOLE 1660661 0 0
CREDICORP LTD COM G2519Y108 215267 2051534 SH DEFINED 1 2051534 0 0
CROWN HOLDINGS INC COM 228368106 5787 150000 DEFINED 1 150000 0 0
CSX CORP COM 126408103 11004 140000 SH SOLE 140000 0 0
DEERE & CO COM 244199105 431 4453 SH SOLE 4453 0 0
DELL INC COM 24702R101 1753 120800 SH SOLE 120800 0 0
DENISON MINES CORP COM 248356107 1192 500000 SH SOLE 500000 0 0
DOLE FOOD CO INC NEW COM 256603101 169 12400 DEFINED 12400 0 0
DOW CHEM CO COM 260543103 10381 275000 SH SOLE 275000 0 0
DRAGONWAVE INC COM 26144M103 165 20000 SH SOLE 20000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 446 8131 DEFINED 8131 0 0
E M C CORP MASS COM 268648102 23484 884400 SH SOLE 884400 0 0
EBAY INC COM 278642103 749 24139 DEFINED 24139 0 0
EL PASO CORP COM 28336L109 4680 260000 SH SOLE 260000 0 0
ELDORADO GOLD CORP NEW COM 284902103 19424 1190900 SH SOLE 1190900 0 0
EMPRESA NACIONAL DE ELCTRCID SPONSORED ADR 29244T101 305 5500 DEFINED 5500 0 0
ENBRIDGE INC COM 29250N105 881687 14383249 SH SOLE 14383249 0 0
ENCANA CORP COM 292505104 284226 8216849 SH SOLE 8216849 0 0
ENDEAVOUR SILVER CORP COM 29258Y103 3577 365000 SH SOLE 365000 0 0
ENERPLUS CORP COM 292766102 15473 488400 SH SOLE 488400 0 0
ENERSIS S A SPONSORED ADR 29274F104 249 12000 DEFINED 12000 0 0
EOG RES INC COM 26875P101 245 2075 DEFINED 2075 0 0
ERICSSON L M TEL CO ADR B SEK 10 294821608 12217 950000 SH SOLE 950000 0 0
EXTERRAN HLDGS INC COM 30225X103 14500 611029 SH SOLE 611029 0 0
EXXON MOBIL CORP COM 30231G102 1558 18525 DEFINED 18525 0 0
EXXON MOBIL CORP COM 30231G102 384 4575 DEFINED 1 4575 0 0
F5 NETWORKS INC COM 315616102 821 8000 SH SOLE 8000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 4473 300000 SH SOLE 300000 0 0
FOREST CITY ENTERPRISES INC CL A 345550107 4910 260740 SH SOLE 260740 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 252 4550 DEFINED 4550 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 100525 1809632 SH DEFINED 1 1809632 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 38510 693780 SH SOLE 693780 0 0
GABELLI EQUITY TR INC COM 362397101 72 11625 SH DEFINED 1 11625 0 0
GAMMON GOLD INC COM 36467T106 104 10000 DEFINED 1 10000 0 0
GAYLORD ENTMT CO NEW COM 367905106 3900 112465 SH SOLE 112465 0 0
GENERAL ELECTRIC CO COM 369604103 920 45909 DEFINED 45909 0 0
GENERAL ELECTRIC CO COM 369604103 426 21285 DEFINED 1 21285 0 0
GENERAL ELECTRIC CO COM 369604103 14000 698246 SH SOLE 698246 0 0
GENERAL MLS INC COM 370334104 7310 200000 SH SOLE 200000 0 0
GILDAN ACTIVEWEAR INC COM 375916103 7498 228400 SH SOLE 228400 0 0
GILEAD SCIENCES INC COM 375558103 297 7000 DEFINED 7000 0 0
GILEAD SCIENCES INC COM 375558103 21230 500239 SH SOLE 500239 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 1921 50000 SH SOLE 50000 0 0
GOLDCORP INC NEW COM 380956409 513 10314 DEFINED 1 10314 0 0
GOLDCORP INC NEW COM 380956409 97681 1958752 SH SOLE 1958752 0 0
GOODYEAR TIRE & RUBR CO COM 382550101 3467 231456 SH SOLE 231456 0 0
GOOGLE INC CL A 38259P508 1080 1841 DEFINED 1841 0 0
GOOGLE INC CL A 38259P508 3982 6794 DEFINED 1 6794 0 0
GREAT BASIN GOLD LTD COM 390124105 3676 1397543 SH SOLE 1397543 0 0
GROUPE CGI INC CL A SUB VTG 39945C109 518 24700 SH SOLE 24700 0 0
GRUPO SIMEC S A B DE C V ADR 400491106 220 46200 DEFINED 1 46200 0 0
GRUPO TELEVISA SA DE CV SP ADR REP ORD 40049J206 1756 71600 SH SOLE 71600 0 0
HALLIBURTON CO COM 406216101 14952 300000 SH SOLE 300000 0 0
HEINZ H J CO COM 423074103 15351 314443 SH SOLE 314443 0 0
HERSHEY CO COM 427866108 1598 29400 SH SOLE 29400 0 0
HEWLETT PACKARD CO COM 428236103 396 9673 DEFINED 9673 0 0
HEWLETT PACKARD CO COM 428236103 5650 137892 SH SOLE 137892 0 0
HOME DEPOT INC COM 437076102 11118 300000 SH SOLE 300000 0 0
HUDBAY MINERALS INC COM 443628102 3258 200000 SH SOLE 200000 0 0
IAMGOLD CORP COM 450913108 17893 811600 SH SOLE 811600 0 0
IESI BFC LTD COM 44951D108 23386 920000 SH SOLE 920000 0 0
IMPERIAL OIL LTD COM NEW 453038408 29074 568884 SH SOLE 568884 0 0
INTEL CORP COM 458140100 12460 617753 SH SOLE 617753 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 7867 48243 SH SOLE 48243 0 0
INTERNATIONAL GAME TECHNOLOG COM 459902102 2337 144000 SH SOLE 144000 0 0
ISHARES INC MSCI JAPAN 464286848 1550 150267 DEFINED 150267 0 0
ISHARES INC MSCI GERMAN 464286806 6960 179700 DEFINED 1 179700 0 0
ISHARES INC MSCI TAIWAN 464286731 165 11133 SH DEFINED 1 11133 0 0
ISHARES INC MSCI S KOREA 464286772 205 3174 SH DEFINED 1 3174 0 0
ISHARES INC MSCI MEX INVEST 464286822 6452 102663 SH DEFINED 1 102663 0 0
ISHARES INC MSCI BRAZIL 464286400 1705 22000 DEFINED 22000 0 0
ISHARES INC MSCI CDA INDEX 464286509 6943 206450 DEFINED 1 206450 0 0
ISHARES INC MSCI BRAZIL 464286400 86127 1111600 SH SOLE 1111600 0 0
ISHARES INC MSCI BRAZIL 464286400 66899 863093 SH DEFINED 1 863093 0 0
ISHARES INC MSCI BRAZIL 464286400 4064 52470 DEFINED 1 52470 0 0
ISHARES INC MSCI CHILE INVES 464286640 272 3794 SH DEFINED 1 3794 0 0
ISHARES INC MSCI MALAYSIA 464286830 156 10512 SH DEFINED 1 10512 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 2005 56400 DEFINED 56400 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1085 29500 SH DEFINED 1 29500 0 0
ISHARES TR RUSSELL1000VAL 464287598 362 5270 SH DEFINED 1 5270 0 0
ISHARES TR S&P 100 IDX FD 464287101 368 6200 SH DEFINED 1 6200 0 0
ISHARES TR S&P 500 INDEX 464287200 11987 90000 DEFINED 1 90000 0 0
ISHARES TR S&P 500 INDEX 464287200 462 3470 SH DEFINED 1 3470 0 0
ISHARES TR S&P 500 VALUE 464287408 18716 295629 DEFINED 295629 0 0
ISHARES TR S&P GLB100INDX 464287572 4953 75930 SH DEFINED 1 75930 0 0
ISHARES TR S&P GLO INFRAS 464288372 205 5550 SH DEFINED 1 5550 0 0
ISHARES TR US PFD STK IDX 464288687 726 18315 DEFINED 18315 0 0
ISHARES TR S&P MIDCAP 400 464287507 1839 18636 DEFINED 18636 0 0
ISHARES TR RUSSELL MIDCAP 464287499 1746 16021 DEFINED 16021 0 0
ISHARES TR BARCLYS 20+ YR 464287432 387 4201 DEFINED 1 4201 0 0
ISHARES TR S&P LTN AM 40 464287390 15764 293137 SH DEFINED 1 293137 0 0
ISHARES TR HIGH YLD CORP 464288513 3807 41400 SH DEFINED 1 41400 0 0
ISHARES TR BARCLYS 1-3 YR 464287457 1511 18015 DEFINED 1 18015 0 0
ISHARES TR FTSE CHINA25 IDX 464287184 680 15152 SH DEFINED 1 15152 0 0
ISHARES TR HIGH YLD CORP 464288513 1588 17257 DEFINED 1 17257 0 0
ISHARES TR RUSSELL 3000 464287689 481 6070 SH DEFINED 1 6070 0 0
ISHARES TR IBOXX INV CPBD 464287242 338 3125 SH DEFINED 1 3125 0 0
ISHARES TR MSCI ACJPN IDX 464288182 6123 97235 DEFINED 97235 0 0
ISHARES TR MSCI EAFE INDEX 464287465 1528 25425 SH DEFINED 1 25425 0 0
ISHARES TR MSCI EMERG MKT 464287234 2910 59800 DEFINED 59800 0 0
ISHARES TR MSCI EMERG MKT 464287234 11035 226734 SH DEFINED 1 226734 0 0
ISHARES TR MSCI PERU CAP 464289842 4228 92639.95 SH DEFINED 1 92639.95 0 0
ISHARES TR DJ US REAL EST 464287739 14519 244420 SH SOLE 244420 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 82342 3423758 SH DEFINED 1 3423758 0 0
IVANHOE ENERGY INC COM 465790103 5633 2000000 SH SOLE 2000000 0 0
IVANHOE MINES LTD COM 46579N103 6904 251700 SH SOLE 251700 0 0
JOHNSON & JOHNSON COM 478160104 470 7940 SH DEFINED 1 7940 0 0
JOHNSON & JOHNSON COM 478160104 19416 327694 SH SOLE 327694 0 0
JOHNSON & JOHNSON COM 478160104 729 12305 DEFINED 12305 0 0
JPMORGAN CHASE & CO COM 46625H100 360 7824 DEFINED 7824 0 0
JPMORGAN CHASE & CO COM 46625H100 4929 106979 DEFINED 1 106979 0 0
JPMORGAN CHASE & CO COM 46625H100 7653 166000 SH SOLE 166000 0 0
KIMBERLY CLARK CORP COM 494368103 211 3234 DEFINED 3234 0 0
KIMBERLY CLARK CORP COM 494368103 13648 209100 SH SOLE 209100 0 0
KINGSWAY FINL SVCS INC COM 496904103 47 50500 SH SOLE 50500 0 0
KINROSS GOLD CORP COM NO PAR 496902404 49477 3167742 SH SOLE 3167742 0 0
KNIGHT CAP GROUP INC CL A COM 499005106 6049 451383 SH SOLE 451383 0 0
KOPIN CORP COM 500600101 172 37600 SH DEFINED 1 37600 0 0
KRAFT FOODS INC CL A 50075N104 17127 546126 SH SOLE 546126 0 0
KRAFT FOODS INC CL A 50075N104 423 13500 SH DEFINED 1 13500 0 0
LABOPHARM INC COM 504905100 51 95294 SH SOLE 95294 0 0
LEXINGTON REALTY TRUST COM 529043101 140 15000 DEFINED 15000 0 0
LILLY ELI & CO COM 532457108 7049 200400 SH SOLE 200400 0 0
LLOYDS BANKING GROUP PLC SPONSORED ADR 539439109 148 40000 DEFINED 40000 0 0
LOWES COS INC COM 548661107 1176 44500 SH SOLE 44500 0 0
MACYS INC COM 55616P104 485 20000 SH SOLE 20000 0 0
MAGNA INTL INC COM 559222401 46338 966376 SH SOLE 966376 0 0
MANPOWER INC COM 56418H100 565 9000 DEFINED 9000 0 0
MANULIFE FINL CORP COM 56501R106 735808 41516508 SH SOLE 41516508 0 0
MARATHON OIL CORP COM 565849106 480 9000 SH DEFINED 1 9000 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 949 15785 SH DEFINED 1 15785 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 3994 96000 DEFINED 1 96000 0 0
MARKET VECTORS ETF TR BRAZL SMCP ETF 57060U613 5747 101344 SH DEFINED 1 101344 0 0
MARKET VECTORS ETF TR BRAZL SMCP ETF 57060U613 1020 18000 DEFINED 18000 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 311 5555 SH DEFINED 1 5555 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 6196 110600 DEFINED 1 110600 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 582 14000 DEFINED 14000 0 0
MARTEN TRANS LTD COM 573075108 6773 303750 DEFINED 1 303750 0 0
MASSEY ENERGY COMPANY COM 576206106 365 5346 SH SOLE 5346 0 0
MASTERCARD INC CL A 57636Q104 8659 34400 SH SOLE 34400 0 0
MCDONALDS CORP COM 580135101 205 2701 DEFINED 2701 0 0
MCDONALDS CORP COM 580135101 13993 183892 SH SOLE 183892 0 0
MEDTRONIC INC COM 585055106 7292 185324 SH SOLE 185324 0 0
MERCK & CO INC NEW COM 58933Y105 8960 271000 SH SOLE 271000 0 0
METHANEX CORP COM 59151K108 49625 1595998 SH SOLE 1595998 0 0
MGM RESORTS INTERNATIONAL COM 552953101 5543 421500 SH SOLE 421500 0 0
MI DEVS INC CL A SUB VTG 55304X104 17962 618512 SH SOLE 618512 0 0
MICRON TECHNOLOGY INC COM 595112103 11402 994981 SH SOLE 994981 0 0
MICROSOFT CORP COM 594918104 5063 198946 SH SOLE 198946 0 0
MICROSOFT CORP COM 594918104 330 13012 DEFINED 13012 0 0
MONSANTO CO NEW COM 61166W101 5419 75000 SH SOLE 75000 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 198 11640 SH DEFINED 1 11640 0 0
MOTOROLA SOLUTIONS INC COM NEW 620076307 309 6915 SH SOLE 6915 0 0
MYLAN INC COM 628530107 15532 685050 SH SOLE 685050 0 0
NANOSPHERE INC COM 63009F105 144 44430 SH DEFINED 1 44430 0 0
NAVISTAR INTL CORP NEW COM 63934E108 2912 41999 SH SOLE 41999 0 0
NETFLIX INC COM 64110L106 403 1700 SH SOLE 1700 0 0
NEUSTAR INC CL A 64126X201 481 18800 SH DEFINED 1 18800 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 258 15000 DEFINED 15000 0 0
NEWMONT MINING CORP COM 651639106 21892 401139 SH SOLE 401139 0 0
NEWMONT MINING CORP COM 651639106 2423 44400 SH DEFINED 1 44400 0 0
NEXEN INC COM 65334H102 38350 1538041 SH SOLE 1538041 0 0
NIKE INC CL B 654106103 1563 20650 SH SOLE 20650 0 0
NISOURCE INC COM 65473P105 5754 300000 SH SOLE 300000 0 0
NOKIA CORP SPONSORED ADR 654902204 102 12000 DEFINED 12000 0 0
NOKIA CORP SPONSORED ADR 654902204 6396 750640 SH SOLE 750640 0 0
NORDSTROM INC COM 655664100 449 10000 SH SOLE 10000 0 0
NORFOLK SOUTHERN CORP COM 655844108 202 2930 DEFINED 2930 0 0
NORTHERN DYNASTY MINERALS LT COM NEW 66510M204 6021 400000 SH SOLE 400000 0 0
NOVAGOLD RES INC COM NEW 66987E206 9077 700000 SH SOLE 700000 0 0
NVIDIA CORP COM 67066G104 1001 54200 SH SOLE 54200 0 0
OFFICE DEPOT INC COM 676220106 2309 498648 SH SOLE 498648 0 0
OIL SVC HOLDRS TR DEPOSTRY RCPT 678002106 19016 115700 SH DEFINED 1 115700 0 0
OPEN TEXT CORP COM 683715106 2573 41400 SH SOLE 41400 0 0
ORACLE CORP COM 68389X105 9859 295400 SH SOLE 295400 0 0
PAETEC HOLDING CORP COM 695459107 2793 836205 SH SOLE 836205 0 0
PARKER DRILLING CO COM 701081101 171 24800 DEFINED 24800 0 0
PAYCHEX INC COM 704326107 6272 200000 SH SOLE 200000 0 0
PEABODY ENERGY CORP COM 704549104 394 5483 DEFINED 5483 0 0
PENGROWTH ENERGY CORP COM 70706P104 3926 283800 SH SOLE 283800 0 0
PENN WEST PETE LTD NEW COM 707887105 33541 1207729 SH SOLE 1207729 0 0
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