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, Richard Croft, & David Kitai.

Recent Issues

tii2322 (November 23, 2023)

How safe are high interest ETFs?… Cue the music: The return/yield two-step… Richard Croft updates Power Corp., CIBC… Pipelines pay off… Gordon Pape’s ETF updates: iShares 0-5 Years TIPS Bond Index ETF, Harvest Brand Leaders Plus Income ETF… Price increase

tii2321 (November 9, 2023)

Double threats… Gordon Pape updates Pembina Pipeline, Fortis Inc… Gavin Graham updates Brookfield Corp…. Your Questions: Investing in HISA ETFs

tii2320 (October 26, 2023)

Dividend bargains… This month’s Top Pick: Organon & Co… Rough times for Balanced Portfolio… Gavin Graham updates Stella-Jones, Boralex, Corby… Gordon Pape updates Mullen Group

tii2319 (October 12, 2023)

Covered call bonds… Gordon Pape updates Fortis, North West Company, Emera… Gavin Graham updates Unilever… Your Questions: Transferring funds; Rate resets

tii2318 (September 28, 2023)

It’s the cash that counts… The end of rising rates, or just a pause?… Top Pick: Boardwalk REIT… Gavin Graham updates Diageo, Fiera Capital, Richards Packaging Income Fund… Gordon Pape updates NorthWest Healthcare Properties REIT… Your Questions: DXQ taxation

tii2317 (September 14, 2023)

Enbridge’s big gamble… Gordon Pape update Russel Metals, B&G Foods, Atlantica Sustainable Infrastructure PLC… Your Questions: What to do with losing ETFs

tii2316 (August 31, 2023)

Rate hikes hit RRIF portfolio… An options alternative to single mortgages… Richard Croft updates iShares Core Canadian Short-Term Bond Index ETF, BMO Short Corporate Bond Index ETF, Manulife Financial… Gordon Pape updates Keyera Corp., Gibson Energy, Pembina Pipeline, Proctor & Gamble

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Recent Updates

Canadian Imperial Bank of Commerce (TSX, NYSE: CM)

Since our initial Buy recommendation in May 2019, CIBC has returned between 430% and 450% including reinvested dividends.


Hold


Mullen Group Ltd. (TSX: MTL)

Mullen Group is an Alberta-based transportation and logistics company, with a market cap of $2.64 billion. It’s mainly known as a trucking company, but Mullen also provides specialized services related to the energy, mining, forestry, and construction industries in Western Canada. These include water management, fluid hauling, and environmental reclamation.

We recommended the stock in May 2023 at $15.46. The major attractions were a steady share price and a monthly dividend of $0.06 per share ($0.72 a year), which at the time generated a yield of 4.7%. In August 2024, the monthly dividend was raised to $0.07 ($0.84 a year), for a yield of 2.8% at the recent price of $29.75.

The rise in the share price reduced the yield, but those who bought at the time of our original recommendation have a capital gain of 86% to compensate.


Hold


Keyera Corp. (TSX: KEY, OTC: KEYUF)

Keyera provides services such as gathering, processing, fractionation, storage, transportation, and marketing liquid natural gas (LNG). It does not do any exploration or production.

 


Hold


BMO Global Infrastructure ETF (TSX: ZGI)

This was the first ETF launched by Bank of Montreal in 2010 and is a good-sized fund with $222 million in assets. It offers reasonable liquidity and passively follows the Dow Jones Brookfield Global Infrastructure North American Listed Index, with weightings based on the market capitalization of the stocks in the index.


Hold


Brookfield Renewable Partners (TSX: BEP.UN, NYSE: BEP)

Brookfield operates one of the world’s largest publicly traded platforms for renewable power and decarbonization solutions.  It operates over 40 gigawatts of total installed capacity including  hydroelectric, wind, solar, and utility-scale battery energy storage systems, alongside sustainable solutions like nuclear services (via Westinghouse Electric) and green fuels.


Hold