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
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
Emera Inc. (TSX: EMA, OTC: EMRAF)
Emera is a geographically diverse energy and services company with operations in Nova Scotia, the US, and the Caribbean. It provides services to about 2.6 million customers. Emera has been one of the sector’s top performers this year, with the shares up about 27% so far in 2025.
Buy
BMO Global Consumer Staples Hedged to CAD Index ETF (TSX: STPL)
The fund invests in a portfolio of well-known consumer companies such as Procter & Gamble (9.55% of total assets), Nestle (7.32%), Coca-Cola (7.25%), Philip Morris International (6.7%), PepsiCo (5.77%), and Unilever (4.11%).
Hold
iShares 0-5 Years TIPS Bond Index ETF (TSX: XSTP)
This is a short-term ETF that invests in a portfolio of inflation protected bonds issued by the United States Treasury, which are known as TIPS.
Hold
BMO International Dividend ETF
This ETF invests in a yield-weighted portfolio of dividend-paying stocks issued by companies in developed nations outside North America. Stocks are screened using such metrics as dividend growth rate, payout ratio, and yield. The MER is 0.44%.
The portfolio consists of 102 positions in major companies. It’s more or less evenly balanced, with no stock representing more than 3% of total assets. The largest holding is luxury goods company LVMH (Louis Vuitton Moet Hennessy).
Hold
Fortis Inc. (TSX, NYSE: FTS)
Fortis is a leader in the North American regulated electric and gas utility industry, with 2024 revenue of $12 billion and total assets of $73 billion as of June 30, 2025. The corporation has 9,800 employees and serves utility customers in five Canadian provinces, ten US states, and three Caribbean countries.