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
tii2422 (November 28, 2024)
Balanced Portfolio gains on rate cuts… Wall Street feels the Trump effect… Gavin Graham picks Finning International… Gavin Graham updates Canadian Natural Resources, Suncor Energy, Peyto Exploration and Development… Long US Treasury bonds may be timely… Shawn Allen’s bond recommendations
tii2421 (November 13, 2024)
Utilities trend higher, but…… Singles beat homers… This month’s Top Pick: Metro Inc…. Gordon Pape updates Enbridge… Your Questions: Preferred shares
tii2420 (October 24, 2024)
High Yield Portfolio gains 20%… The Bull is alive!… Gavin Graham updates Unilever, Diageo, Corby Spirit and Wine, Brookfield Corp.
tii2419 (October 10, 2024)
A REIT that captures AI growth… Top Pick: Digital Realty Trust… Adam Mayers updates TC Energy… Gavin Graham updates C.K. Hutchinson… Your Questions: Searching for safety and yield… Member’s Corner: Automotive Properties REIT
tii2418 (September 26, 2024)
Uneven recovery… Rate reversal rallies REITs… Top Pick: Killam Apartment REIT… Gavin Graham’s REIT updates: Allied Properties, Artis, Automotive Properties, Granite, Minto Apartment… Your Questions: Retirement asset allocation, Northwest Healthcare Properties
tii2417 (September 12, 2024)
Utilities rebound as rates fall… Gordon Pape updates Algonquin Power and Utilities… Gavin Graham updates Sun Life Financial, Savaria Corp…. Your Questions: Royal Bank preferred
tii2416 (August 29, 2024)
Big gain for RRIF portfolio… Falling rates buoy utilities, REITs, and pipelines… Top Pick: Northland Power Inc…. Gavin Graham updates National Bank, Bank of Nova Scotia… Perpetual preferreds revisited… Shawn Allen updates perpetual preferreds of Canadian Utilities, Fortis, Royal Bank, Great-West Life, Power Financial, Intact Financial, Emera
Recent Updates
Watts Water Systems (NYSE: WTS)
Watts Water is a provider of market-leading brands in water solutions, with annual sales of $1.8 billion in 2021. Its divisions provide the highest level of performance in the safeguarding of water systems, driven by code and certification, address energy efficiency needs by offering the most efficient conversion of energy sources into heat and hot water, and deliver drainage and pre-treatment systems that help with water conservation projects.
Buy
UK iShares MSCI ETF (NYSE: EWU)
This ETF invests in the UK’s FTSE100 Index, which consists mostly of large-capitalization U.K.-based companies. Launched in March 1996, it has US$3 billion in assets under management and has a reasonable MER of 0.5%.
Buy
Algonquin Power & Utilities Corp. (TSX, NYSE: AQN)
Algonquin’s transition into a conventional utility is paying off. The company reported first-quarter adjusted earnings of $111.6 million ($0.14 a share), up from $80.1 million ($0.11 a share) in the same period last year. Note that the company reports in US dollars.
“The company recorded a constructive first quarter of 2025 with notable year-over-year improvements in our key financial metrics,” said CEO Rod West, who took over the job in March. “Our results were solid, reflecting the strength of our core regulated utility operations.”
Hold
Johnson & Johnson (NYSE: JNJ)
Johnson & Johnson (JNJ) is one of the largest healthcare companies in the world. It employs over 120,000 people in its two divisions, Pharmaceutical and MedTech. It spun off its consumer healthcare division in 2023, naming it Kenvue. About 64% of its $88.8 billion in 2024 revenues came from its pharmaceutical division, while the remaining 36% was from its MedTech operations.
Buy
Slate Grocery REIT (TSX: SGR.UN, OTC: SRRTF)
Slate Grocery REIT is a 100% pure play grocery focused US strip mall operator. It has 117 properties comprising 15.3 million sq. ft. in 24 states primarily located in the fast growing mid-Atlantic, Southeastern US, and Texas. Property value was $2.4 billion as of Sept. 30, 2023.