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
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
tii2315 (August 17, 2023)
How safe are energy dividends?… Gordon Pape updates BCE, Freehold Royalties, Algonquin Power & Utilities, Macquarie Infrastructure… Members’ Corner: Registered plans
tii2314 (July 27, 2023)
The worst place for your money… Buy perpetual preferred shares now… Good news for REITs: rate cycle ending… Gavin Graham updates Allied Properties, Primaris REIT… Gordon Pape updates Firm Capital, Mullen Group, The North West Company, Innergex… Your Questions: What about annuities?
tii2313 (July 13, 2023)
NorthWest looks oversold… Gordon Pape updates TransAlta Renewables, Algonquin Power & Utilities, Canoe EIT Income Fund… Gavin Graham updates AltaGas… Your Questions: Variable income securities
tii2312 (June 22, 2023)
Betting on interest rates… Rate resets look attractive… Recession coming – but green demand still growing… This month’s Top Pick: Lundin Mining… Gavin Graham updates Watts Water Systems, Sun Life Financial… Gordon Pape updates Brookfield Renewable Partners
tii2311 (June 8, 2023)
Brookfield LPs recover… Gordon Pape’s stock updates: BMO Group, Exchange Income Corporation… Gordon Pape’s ETF updates: iShares 0-5 Years TIPS Bond Index ETF, CI Health Care Giants Covered Call ETF, BMO Global Consumer Staples Hedged to CAD Index ETF
Recent Updates
Lundin Mining Corp. (TSX: LUN, OTC: LUNMF)
Lundin Mining is a Canadian/Swedish base-metals mining company. In the year ended Dec. 31, 2024, Lundin produced 369,000 tonnes of copper, 192,000 tonnes of zinc, and 158,000 oz. of gold, as well as 8,000 tonnes of nickel from the Eagle mine in Michigan. This generated revenues of $4.11 billion. Of that, $695 million was from its European zinc mining operations at Zinkgruvan in Sweden and Neves Corvo in Portugal. These were sold to Swedish mining group Boliden.
Buy
Corby Spirits and Wines (TSX: CSW.A)
Corby is the producer of the best-selling Canadian whisky J P Wiser’s as well as Lamb’s Navy Rum, Polar Ice vodka, and Ungava gin. Its purchase of 90% of Ace Beverage Group for $148.5 million in July 2023 gave it a strong position in the rapidly growing ready-to-drink (RTD) segment of hard sodas and premixed cocktails. Pernod Ricard, the international drinks group, which owns a majority stake in Corby, distributes its brands such as Absolut vodka, Ballantine and Chivas Regal whisky, Beefeater gin, and Malibu rum through Corby.
Buy
Canadian Tire Corp. (TSX: CTC.A, OTC: CDNAF)
In addition to its 503 dealer-operated Canadian Tire stores, CTC also owns and directly operates Mark’s, with 383 stores, and 354 sports stores (SportChek, Sports Expert, Atmosphere, Athlete’s World, and others). As well, it has 279 gasoline bar locations, plus PartSource, Party City, and Pro Hockey Life, which total 169 stores.
Canadian Tire, through its bank subsidiary is also a large MasterCard issuer with 2.3 million active credit card holders with average account balances of $3,224 each. That’s $7.4 billion in credit card receivables.
Buy
BMO Financial Group (TSX, NYSE: BMO)
Established in 1817, BMO Financial Group has more than 47,000 employees and provides a broad range of retail banking, wealth management, and investment banking products and services to more than 12 million customers. It conducts business through three operating groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company also has a strong presence in the US Midwest through BMO Harris Bank and BMO Private Bank.
Buy
LyondellBasell Industries NV Class A (NYSE: LYB)
LyondellBasell produces polypropylene, which is used to make plastic car parts, packaging, and consumer products. It also produces ethylene and polyethylene. These are used in a wide variety of things from PVC pipes and plastic siding to medical devices and prosthetics.