Designed to help Canadians find investment solutions to the two big problems they’re facing: low interest rates and volatile stock markets, the Income Investor was chosen by The Globe and Mail as one of the top five investment newsletters in Canada. If you need income from investments with minimal risk, the Income Investor covers all types of income securities including income trusts, preferred shares, high-yielding common stocks, bonds, mutual funds, exchange-traded funds, and GICs. Any security that generates cash flow is fair game for our experts.
Edited and published by Gordon Pape. Editor: Mike Keerma.
With Gavin Graham, Shawn Allen, Adam Mayers, & Paul Bamford.
Recent Issues
tii2524 (December 18, 2025)
Time to rebalance… This year’s income winners… Top Pick: Franco-Nevada… Gavin Graham updates Ecora Resources, Killam Apartment REIT, Brookfield Corp., Definity Insurance… Cash is never trash!… Price reminder
tii2523 (December 4, 2025)
Does low-vol really work?… Top Pick: Brampton North American Low Volatility Dividend ETF… Lyondellbasell’s dividend streak… Adam Mayers updates Hydro One… Beat the price increase
tii2522 (November 27, 2025)
Balanced Portfolio records gain… Could auto parts be an opportunity?… This month’s Top Pick: Linamar… Gavin Graham updates Northland Power, Calian Group… Your Questions: Dominion Energy, Freehold Royalties… Members’ Corner: Ag Growth International… Beat the price increase
tii2521 (November 13, 2025)
US utilities worth a look… Outlook brightens for Telus… Adam Mayers updates Evolve Healthcare… Gordon Pape updates Coca-Cola
tii2520 (October 23, 2025)
Utilities on the rise… Bonds or preferreds? A tug of war… Richard Croft updates CIBC, Power Corp., Manulife Financial… Gordon Pape updates BMO Group, Exchange Income Corp…. Gordon Pape’s ETF updates
tii2519 (October 9, 2025)
Nervous? Think short… Top Pick: iShares Core Canadian Short Term Corporate Bond Index ETF… Infrastructure ETFs offer hidden value… Adam Mayers updates Metro… Gordon Pape updates AT …
tii2518 (September 25, 2025)
Falling rates boost High Yield Portfolio, Higher copper demand sparks Teck merger talk, This month’s Top Pick: Rio Tinto. Desjardins bids for Guardian, Grocery-anchored retail REITs
Recent Updates
Killam Apartment REIT (TSX: KMP.UN)
Halifax-based Killam Apartment REIT maintains a $5.3 billion portfolio of 18,835 apartments and 5,975 manufactured homes. More than 60% of its properties are located in Nova Scotia, New Brunswick, PEI, and Newfoundland. However, it also has 26.3% allocation in Ontario, primarily in Kitchener/Waterloo, 9.2% in Alberta, and 3.7% in BC (Victoria).
Despite the successful recycling of its portfolio and expansion in some of the faster-growing areas in Ontario, Halifax-based Killam’s share price has fallen 20% since our initial recommendation. It’s well below its all-time high of $23.59, touched at the end of 2021, as inward migration to the Atlantic provinces boomed during the pandemic.
Buy
BMO Short Corporate Bond Index ETF (TSX: ZCS)
This ETF seeks to replicate, to the extent possible, the performance of the FTSE Canada Short Term Corporate Bond Index. ZCS invests in a variety of investment-grade debt securities primarily with a term to maturity between one and five years.
Buy
Brookfield Corporation (TSX, NYSE: BN)
Brookfield Corporation is a Toronto-based conglomerate with interests in several areas including asset management, real estate, renewable energy, infrastructure, and insurance. With over $1 trillion in assets under management, conglomerate Brookfield’s share price has more than doubled from a low of $27 two years ago. It’s up 18% year to date.
Buy
Definity Financial Corporation (TSX: DFY)
Definity is sixth largest P&C company in Canada, with over 3,200 employees and direct premiums written of $4.4 billion in 2024. It distributes its products through 600 independent brokers, making it the fourth largest company in this channel. CEO Rowan Saunders launched Sonnet, the first digital P&C brand, in 2019. It now accounts for 14% of DFY’s premiums. Definity also owns Petline, the largest provider of pet insurance in Canada, a fast-growing field.
Buy
Ecora Resources PLC (TSX: ECOR)
Ecora Resources renamed itself last October to reflect the change in the group’s portfolio of royalties and streams. It now plans to focus on commodities that support a sustainable future, such as copper, nickel, and cobalt. These are key materials for manufacturing batteries and electric vehicles as well as the electric grid.