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
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
iwb22533 (September 21, 2025)
Where to invest now… The Week… Investing in Canadian healthcare… Adam Mayers updates Loblaw, Telus, Telus International… Gordon Pape’s ETF updates: iShares Core S&P/TSX Capped Composite Index ETF, iShares Core MSCI Canadian Quality Dividend Index ETF, iShares Global Agricultural Index ETF… Gordon Pape’s stock updates: BCE, Rogers Communications
iwb22532 (September 15, 2025)
Growth Portfolio gains 35%… The Week… State of the Markets… Shawn Allen updates WSP Global, Canadian Tire, Dollarama, RioCan REIT… Adam Mayers updates MDA Space… Members’ Corner: Trump scorecard
Recent Updates
CGI Group (TSX: GIB.A, NYSE: GIB)
CGI is the fifth largest independent information technology and business process services firm in the world. The company, founded in 1976, delivers an end-to-end portfolio of capabilities, from IT and business consulting to systems integration, outsourcing services, and intellectual property solutions. It employs about 93,000 professionals in offices and delivery centres across the Americas, Europe, and the Asia Pacific region.
Hold
Bank of Nova Scotia (TSX, NYSE: BNS)
Scotiabank is the most internationally diversified of the major Canadian banks, with over 30% of its assets coming from its overseas operations, primarily what the bank describes as the three Pacific Alliance countries of Mexico, Peru, and Chile. It sold its subscale operations in Colombia, Panama, and Costa Rica to bank Davivienda in the first quarter in exchange for a 20% stake in Davivienda, taking a $1.4 billion impairment charge on the sale. Scotiabank has strengths in mortgage and corporate lending and wealth management and is usually the lowest cost operator amongst the major banks.
Buy
RBC Group (TSX, NYSE: RY)
RBC is the largest bank in Canada, with 23% market share after the acquisition of HSBC’s Canadian operations in late 2024. It has strengths in retail banking, investment banking, and asset management plus the largest share of mortgages and corporate lending in Canada.
Buy
Pfizer Inc. (NYSE: PFE)
Pfizer is a leading international pharmaceutical company that can trace its history back more than 170 years. Its business units include Oncology, Inflammation & Immunology, Rare Disease, Hospital, Vaccines, and Internal Medicine. Pfizer was the first company (along with partner BioNTech) to have a Covid vaccine approved for general use. It has proven to be highly effective with minimal side effects. The company has also developed a drug to treat the virus.
Hold
Winpak Ltd. (TSX: WPK, OTC: WIPKF)
Winpak produces goods that are mainly used in the food and beverage and healthcare industries. Its modified atmosphere packaging is used to extend the shelf life of perishable products such as meat, poultry, and cheese as well as healthcare products. The majority of its sales are in North America.