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
tii2506 (March 27, 2025)
Investing in convenience… This month’s Top Pick: Fomentos Economico Mexicano… Gavin Graham updates CK Hutchison, Calian Group, Leon’s Furniture, Stella-Jones… Utilities, telecoms offer tariff protection… Adam Mayers updates BMO Equal Weight Utilities Index ETF… Three ETFs for uncertain times… Your Questions: RRIF withdrawals
tii2505 (March 13, 2025)
Three tariff-fighting stocks… Gordon Pape updates Freehold Royalties… Gavin Graham updates retail REITs… Your Questions: Capital Power
tii2504 (February 27, 2025)
Innergex takeover… When will REITs recover?… This month’s Top Pick: CAP REIT… Gavin Graham updates grocery-anchored REITs… RRIF Portfolio inches higher
tii2503 (February 13, 2025)
BCE disappoints again… Quality stocks with 6%+ yields… Top Pick: LyondellBasell Industries… Adam Mayers updates Corby Spirit and Wine… Your Questions: Brookfield Infrastructure
tii2502 (January 30, 2025)
Hedged, unhedged, US dollars – an investor’s guide… The elephant in the room… Richard Croft updates Power Corp., CIBC… This month’s Top Pick: AT&T… A good time for pipeline stocks… Gordon Pape updates iShares 0-5 Years TIPS Bond Index ETF, Emera Inc…. Your Questions: Preferred shares
tii2501 (January 15, 2025)
The Trump defence… Hydro One is a portfolio anchor… A good year for dividends
tii2424 (December 18, 2024)
Top income stocks of 2024… An eventful year for Canadian banks… Gavin Graham updates Scotiabank, National Bank, Definity Financial Group, Guardian Group, Capital Power… Gordon Pape updates Gibson Energy, Keyera, Pembina Pipeline… Correction… Price increase…Your Questions: Adding more fixed income, XSTP return
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%.