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
tii2607 (April 16, 2026)
Where now for energy?… Update on CI Energy Giants… Split preferreds offer strong cash flow… Rudy Luukko’s Top Pick: SPLT
tii2606 (March 26, 2026)
Central banks cautious on rates… Gavin Graham’s bank updates… Gavin Graham updates Boralex, Calian Group, Peyto Exploration & Development… Nice gain for RRIF Portfolio… Gordon Pape updates Duke Energy… Your Questions: Little-known stocks
tii2605 (March 12, 2026)
High dividends from European banks… Top Pick: EBNK… Gordon Pape updates Hydro One, BCE… Clarification: BAE… Your Questions: Managing millions
tii2604 (February 26, 2026)
Dividend funds aren’t all the same… Rudy Luukko’s Top Pick: iShares Core MSCI Canadian Quality Dividend Index ETF… Going global… Gavin Graham’s Top Pick: BAE Systems… Gavin Graham updates iShares MSCI United Kingdom ETF, Fomento Economico Mexicano, Rio Tinto, Unilever… Gordon Pape updates Coca-Cola
tii2603 (February 12, 2026)
The same but different… Preferred shares updated… Gordon Pape updates South Bow Corp., Brookfield Renewables… Your Questions: Financial 15 Split Corp.
tii2602 (January 29, 2026)
Profiting from demographics… Top Pick: Extendicare… Canadian banks rebound… Richard Croft updates CIBC, Power Corp…. Gordon Pape’s ETF updates: BMO Emerging Markets Bond Hedged to CAD Index ETF, CI Energy Giants Covered Call ETF (CAD Hedged), CI Tech Giants Covered Call ETF, Harvest Healthcare Leaders Income ETF… Gordon Pape’s stock updates: Gibson Energy, Kyera Corp., Pembina Pipeline, Mullen Group… Members’ Corner
tii2601 (January 15, 2026)
Be cautious with MICs… Investing in bonds… Shawn Allen’s bond ETF recommendations… Your Questions: Investing in ZAG
Recent Updates
CI Energy Giants Covered Call ETF (TSX: NXF)
This ETF invests in the 15 largest energy companies listed on North American exchanges and writes covered calls against the portfolio.
Buy
Calian Group Ltd. (TSX:CGY)
Ottawa-based Calian employs over 6,000 people in its four divisions. The two largest are Healthcare, providing clinical services and medical facilities management with a focus on the Canadian armed forces, and Advanced Technologies, which operates a satellite, antenna, and base station business in Saskatoon. Its two smaller units are Information Technology and Cyber Solutions and Learning (ITCS).
Hold
Boralex Inc. (TSX: BLX, OTC: BRLXF)
Boralex is an independent producer of onshore wind, hydro, thermal, and solar power. It develops, builds, and operates renewable energy power facilities in Canada, France, and the U.S.
Buy
Peyto Exploration and Development Corp. (TSX: PEY)
Alberta-based Peyto is a major Canadian gas producer and processor. Fourth-quarter production for the period ended Dec. 31, 2025 was 140,794 barrels of oil equivalent/day (BoE/d), a 6% increase from the same quarter in 2024. Annual BoE/d production was 134,055, up 7% from 2024. It generated net earnings of $125.9 million ($0.61 per share) for the quarter and $418.6 million ($2.06 per share) for calendar 2025, up 49%.
Peyto’s hedging program meant it received $3.32 per GigaJoule ($3.82 McF) against $1.76 average for the market and has hedged 490 MMcF at $4.14 McF for 2026, and 248 MMcF at $3.53 McF for 2027. Peyto expects to spend $450 to $500 million in capital expenditures in 2026, with flexibility to take advantage of price movements.
Buy
Duke Energy Corporation (NYSE: DUK)
Duke Energy is based in Charlotte, North Carolina. Its electric utilities serve 8.2 million customers in the south and Midwest, from Florida to Ohio. It also provides natural gas services to 1.6 million clients. The company employs 28,000 people.