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
iwb22223 (June 13, 2022)
Pro and cons of DRIPs… Bottom fishing… Richard Croft updates BMO Covered Call Canadian Banks ETF, BMO S&P/TSX Equal Weight Banks Index ETF, Goldman Sachs… Gordon Pape updates Descartes Systems Group, Target… Seniors shocked at high risk rating… Your Questions: DRIP taxation… Members’ Corner: Dividend stocks
iwb22222 (June 5, 2022)
Interest rate woes… Fight a recession with dividends… An uncomfortable opportunity… Glenn Rogers updates Xylem, Boeing, Nike, Sabre, Teck Resources… Gordon Pape updates Telus, BCE… Your Questions: DRIP taxation
iwb22221 (May 30, 2022)
Big box stores struggle… Investment valuations and interest rates… Shawn Allen recommends Starbucks… Shawn Allen updates Canadian Tire, Alimentation Couch-Tard, Canadian Western Bank… Gordon Pape updates Home Depot… Your Questions: Tax filings; Claiming tax loss; Successor annuitants
iwb22220 (May 16, 2022)
Market bust, energy boom… Gains for fast food giants… REITs with new economy potential… Gordon Pape’s updates: ExxonMobil, Equitable Group, Brookfield Asset Management… Your Questions: Mawer fund; Seeking a safe haven; Pharmaceutical ETFs… Members’ Corner: More on aging
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.