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
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
tii2517 (September 11, 2025)
Junk bonds: A risk-return balance… CT REIT offers safety, income… Adam Mayers updates iShares S&P/TSX Dividend Aristocrats Index ETF, South Bow Corp…. Gavin Graham updates National Bank, Saputo
tii2516 (August 28, 2025)
Rate cuts would benefit utilities… Top Pick: Dominion Energy… RRIF Portfolio posts gain… Gavin Graham updates Canadian Tire, Corby Spirit and Wine, Lundin Mining
tii2515 (August 14, 2025)
Russel rewards investors… Ray Dalio’s US debt warning… Adam Mayers updates LyondellBasell Industries… Gordon Pape updates Bank of Montreal, Procter & Gamble
tii2514 (July 24, 2025)
A remarkable recovery… Gavin Graham’s energy updates: AltaGas, Canadian Natural Resources, Suncor Energy, Peyto Exploration & Development, Pason Systems… Preferreds are still profitable… Shawn Allen’s preferred share updates… Gordon Pape updates Exchange Income Corp.
Recent Updates
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
Brookfield Infrastructure Partners (TSX: BIP.UN, NYSE: BIP)
This is a Bermuda-based limited partnership that owns infrastructure assets in North and South America, Europe, and Australia. These include railways, ports, transmission lines, toll roads, utilities, and more.
Hold
RBC Canadian Bank Yield Index ETF (TSX: RBNK)
You may wonder how an ETF that invests only in six banks can outperform the Financials sub-index and funds like the BMO Equal Weight Banks Index ETF (TSX: ZEB). The answer is asset mix.
Whereas the BMO fund equally divides its holdings among the Big Six banks, this one makes bets on which will perform best. At present, Bank of Montreal is the top position at 26.1% followed closely by Scotiabank at 25.1%. They’ve both done well, with BMO ahead about 43% year to date while Scotiabank has added about 24%.
Buy
Power Corporation of Canada (TSX: POW, OTC: PWCDF)
Power Corp. is a diversified financial holding company with controlling stakes in Great-West Lifeco and IGM Financial. It also owns two alternative‑asset platforms: Sagard and Power Sustainable.
This suite of companies allows POW to combine stable earnings from insurance and wealth management augmented by exposure to private markets and sustainable infrastructure.
Hold
iShares S&P/TSX Capped REIT Index Fund (TSX: XRE)
This fund invests in all classes of REITs, including residential, industrial, retail, and office. It has 14 holdings, the largest of which is RioCan REIT, which accounts for 13.14% of total assets. Retail REITs form about 51% of the portfolio while exposure to office REITs, which were hit hard during the pandemic, is very low at 3.33%.
The REIT has not delivered anything in the way of capital gains since it was recommended 15 years ago, which says a lot about the overall state of Canada’s real estate business. But it has delivered steady cash flow to investors and has significantly outperformed the overall sector year-to-date with a gain of just over 15%.