Model Selections for MAY 2021 Note: Model Selections May Scroll Down to Next Page Blank Cells in the "Action" Column Denote Holds

Model Selections for MAY 2021 Note: Model selections may scroll down to next page Blank cells in the "Action" column denote holds

CANADA ALL CAP EQUITY %Alloc Ticker Name Action BCE. BCE Inc. SELL SAP. Saputo Inc. SELL BLX. Boralex Inc. SELL RNW. TransAlta Renewables Inc. SELL CPX. Capital Power Corporation SELL IIP.UN InterRent Real Estate Investment Trust SELL 10.00 L. Loblaw Companies Limited BUY 10.00 RCI.B Rogers Communications Inc. 10.00 T. TELUS Corporation 10.00 CU. Canadian Utilities Limited 10.00 CHP.UN Choice Properties Real Estate Investment Trust BUY 10.00 CSU. Constellation Software Inc. 10.00 STN. Stantec Inc. BUY 10.00 AP.UN Allied Properties Real Estate Investment Trust BUY 10.00 ACO.X ATCO Ltd. BUY 10.00 FSV. FirstService Corporation BUY

CANADA LARGE CAP %Alloc Ticker Name Action ABX. Barrick Gold Corporation SELL WPM. Wheaton Precious Metals Corp. SELL MRU. Metro Inc. SELL TRI. Thomson Reuters Corporation SELL FNV. Franco-Nevada Corporation SELL DOL. Dollarama Inc. SELL SLF. Sun Life Financial Inc. SELL CNR. Canadian National Railway Company SELL 10.00 CM. Canadian Imperial Bank of Commerce BUY 10.00 TD. The Toronto-Dominion Bank BUY 10.00 CCL.B CCL Industries Inc. BUY 10.00 GWO. Great-West Lifeco Inc. BUY 10.00 ATD.B Alimentation Couche-Tard Inc. 10.00 CP. Canadian Pacific Railway Limited 10.00 CSU. Constellation Software Inc. BUY 10.00 L. Loblaw Companies Limited BUY 10.00 RCI.B Rogers Communications Inc. BUY 10.00 BNS. The Bank of Nova Scotia BUY

CANADA ALL CAP HIGH YIELD %Alloc Ticker Name Action ENGH. Enghouse Systems Limited SELL SPB. Superior Plus Corp. SELL CTC.A Canadian Tire Corporation, Limited SELL SMU.UN Summit Industrial Income REIT SELL CSU. Constellation Software Inc. SELL H. Hydro One Limited SELL QSP.UN Restaurant Brands International Limited Partnership SELL NA. National Bank of Canada SELL 10.00 FTT. Finning International Inc. 10.00 RNW. TransAlta Renewables Inc. BUY 10.00 MIC. Sagen MI Canada Inc. BUY 10.00 LIF. Labrador Iron Ore Royalty Corporation BUY 10.00 MFC. Manulife Financial Corporation BUY 10.00 BMO. Bank of Montreal BUY 10.00 CWB. Canadian Western Bank BUY 10.00 CNQ. Canadian Natural Resources Limited BUY 10.00 DIR.UN Dream Industrial Real Estate Investment Trust BUY 10.00 CM. Canadian Imperial Bank of Commerce

CANADA ALL CAP SHARE BUYBACK %Alloc Ticker Name Action WN. George Weston Limited SELL L. Loblaw Companies Limited SELL SJR.B Shaw Communications Inc. SELL EMP.A Empire Company Limited SELL RCI.A Rogers Communications Inc. SELL CNR. Canadian National Railway Company SELL 10.00 QSP.UN Restaurant Brands International Limited Partnership 10.00 QBR.A Quebecor Inc. 10.00 CU.X Canadian Utilities Limited BUY 10.00 SLF. Sun Life Financial Inc. 10.00 CP. Canadian Pacific Railway Limited BUY 10.00 ATD.A Alimentation Couche-Tard Inc. 10.00 CCA. Cogeco Communications Inc. BUY 10.00 ATA. ATS Automation Tooling Systems Inc. BUY 10.00 TRI. Thomson Reuters Corporation BUY 10.00 TCN. Tricon Residential Inc. BUY

CANADA SENSITIVE SUPER SECTOR %Alloc Ticker Name Action KXS. Kinaxis Inc. SELL GIB.A CGI Inc. SELL BLDP. Ballard Power Systems Inc. SELL TRP. TC Energy Corporation SELL 10.00 CSU. Constellation Software Inc. 10.00 ENB. Enbridge Inc. 10.00 CCO. Cameco Corporation BUY 10.00 BB. BlackBerry Limited BUY 10.00 LSPD. Lightspeed POS Inc. BUY 10.00 T. TELUS Corporation 10.00 ENGH. Enghouse Systems Limited 10.00 NXE. NexGen Energy Ltd. BUY 10.00 DSG. The Descartes Systems Group Inc 10.00 BCE. BCE Inc.

CANADA CYCLICAL SUPER SECTOR %Alloc Ticker Name Action CCL.B CCL Industries Inc. SELL CNR. Canadian National Railway Company SELL TIH. Toromont Industries Ltd. SELL ABX. Barrick Gold Corporation SELL 10.00 TD. The Toronto-Dominion Bank BUY 10.00 IFC. Intact Financial Corporation 10.00 RY. Royal Bank of Canada 10.00 WPM. Wheaton Precious Metals Corp. 10.00 CP. Canadian Pacific Railway Limited BUY 10.00 DOL. Dollarama Inc. 10.00 LUN. Lundin Mining Corporation BUY 10.00 K. Kinross Gold Corporation BUY 10.00 TRI. Thomson Reuters Corporation 10.00 CTC.A Canadian Tire Corporation, Limited

CANADA DEFENSIVE SUPER SECTOR %Alloc Ticker Name Action CPX. Capital Power Corporation SELL CU. Canadian Utilities Limited SELL 10.00 H. Hydro One Limited 10.00 ATD.B Alimentation Couche-Tard Inc. 10.00 EMP.A Empire Company Limited 10.00 EMA. Emera Incorporated 10.00 MRU. Metro Inc. 10.00 WN. George Weston Limited 10.00 ACO.X ATCO Ltd. 10.00 FTS. Fortis Inc. 10.00 L. Loblaw Companies Limited BUY 10.00 SAP. Saputo Inc. BUY

CANADA ETF HIGH DIVIDEND %Alloc Ticker Name Action ZDV. BMO Canadian Dividend ETF SELL 20.00 FIE. iShares Canadian Financial Monthly Income ETF 20.00 HHL. Harvest Healthcare Leaders Income ETF 20.00 HPR. Horizons Active Preferred Share ETF 20.00 ZPR. BMO Laddered Preferred Share Index ETF BUY 20.00 ZWU. BMO Covered Call Utilities ETF

CANADA ETF STYLE BOX ROTATION (may include U.S. ETFs) %Alloc Ticker Name Side 25.00 IJT IJT CASH 25.00 XCG. XCG. LONG 25.00 IJR IJR LONG 25.00 XIU. XIU. LONG *In summary, the Model is 25% money market, 25% XCG., 25% IJR, & 25% XIU.

CANADA ETF SECTOR ROTATION %Alloc Ticker Name Action XRE. iShares S&P/TSX Capped REIT Index ETF SELL 25.00 XIT. iShares S&P/TSX Capped Information Technology Index ETF 25.00 XFN. iShares S&P/TSX Capped Financials Index ETF 25.00 XUT. iShares S&P/TSX Capped Utilities Index ETF 25.00 XEG. iShares S&P/TSX Capped Energy Index ETF BUY

CANADA ETF MOMENTUM %Alloc Ticker Name Action ZQQ. BMO NASDAQ 100 Equity Hedged to CAD Index ETF SELL HMMJ. Horizons Marijuana Life Sciences Index ETF SELL 20.00 XEG. iShares S&P/TSX Capped Energy Index ETF 20.00 XSU. iShares U.S. Small Cap Index ETF (CAD-Hedged) 20.00 ZEB. BMO Equal Weight Banks Index ETF BUY 20.00 XSP. iShares Core S&P 500 Index ETF (CAD-Hedged) 20.00 XFN. iShares S&P/TSX Capped Financials Index ETF BUY