One of the most important principles of sound investment management is staying on top of what’s happening in the world and how those events affect finances. Conditions change quickly, and keeping up-to-date on developments and trends can be challenging. The team of experts producing IWB have been advising Canadian investors for over 25 years.
Edited and Published by Gordon Pape. Associate Editor: Richard Croft
With Gavin Graham, Ryan Irvine, Glenn Rogers, Shawn Allen, Adam Mayers, Paul Bamford & Michael Corcoran.
Recent Issues
iwb22537 (October 27, 2025)
Tariffs hit Descartes’ stock… The Week… How much is too much?… Shawn Allen updates American Express, Stantic, Linamar… Gordon Pape updates Brookfield Corp., Celestica, Thermo Fisher Scientific… Financial Factoids: Operation Fish
iwb22536 (October 20, 2025)
Does growth trump value?… The Week… Rare earth: The oil of the 21st century… Glenn Rogers updates Cheniere Energy, Crown Castle International, Devon Energy, e.l.f. Beauty Inc., Jacobs Solutions… Your Questions: Beutel Goodman American Equity Fund… Member Corner: Dealing with the CRA
iwb22535 (October 5, 2025)
The CRA is a mess… The Week… Canadian banks outperform… Gavin Graham’s bank updates… Gavin Graham updates Winpak, Cameco… Gordon Pape updates CGI, Pfizer, Maple Leaf Foods
iwb22534 (September 29, 2025)
Big gain for Global Portfolio, The Week, Small cap dividend growers: A hybrid approach, Ryan Irvine updates Dynacor, Polaris Infrastructure, Gordon Pape updates Constellation Software, Financial factoids: Nintendo
Recent Updates
Descartes Systems Group (TSX: DSG, NDQ: DSGX)
Descartes specializes in business software designed to facilitate logistics, financial controls, inventory, customs clearance, and freight tracking. Customers include transportation firms, manufacturers, distributors, retailers, customs brokers, and government agencies.
Hold
Thermo Fisher Scientific Inc. (NYSE: TMO)
Based in Waltham, Massachusetts, this is a leading manufacturer of scientific instrumentation including laboratory and health monitoring equipment. It also provides software and services to the healthcare, biotechnology, and pharmaceutical industries, as well as to governments and academia. Its brands include Thermo Scientific, Fisher Scientific, Applied Biosystems, Invitrogen, Patheon, and Unity Lab Services.
Hold
Stantec Inc. (TSX, NYSE: STN)
Stantec now has 34,000 employees working in over 400 office locations on five continents. In 2024, 52% of its revenues were from the US, 24% from Canada, and 24% from other international operations, which are primarily in the UK, Australia, and New Zealand.
Hold
Celestica (TSX, NYSE: CLS)
Celestica has two operating segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of its Aerospace and Defense, Industrial, HealthTech, and Capital Equipment businesses. The CCS segment consists of the company’s Communications and Enterprise (servers and storage) end markets.
Buy
Linamar Corp. (TSX: LNR, OTC: LIMAF)
Linamar is a large Canadian-headquartered global auto parts manufacturer with 34,000 employees and 75 plants in 19 countries. Its manufacturing processes are increasingly highly engineered and technologically advanced. In addition to vehicle components, which account for about 73% of its revenues, its other products include aerial work platforms, telehandlers, booms, and very large agricultural equipment.