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
Bank of Nova Scotia (TSX, NYSE: BNS)
Scotiabank has been the worst-performing of the Big Six Canadian chartered banks, as investors were unenthusiastic about its exposure to what were regarded as higher risk Latin American markets, such as Mexico, Peru, and Chile. That resulted in write downs when it exited certain markets. Those included $379 million for the sale of its stake in Bank of Xian in 2024 and $1.36 billion in the first quarter of 2025 for the sale of operations in Colombia, Panama, and Costa Rica, receiving a 20% stake in Colombia-based Bank Davivienda in return.
New CEO Scott Thomson, appointed in 2023, has refocused Scotiabank’s business on North America, with spectacular results. Up only 20% before dividends over the last five years, the share price has climbed 40% in the last year, helped by the acquisition of a 15% stake in Cleveland based Keycorp (NYSE: KEY). The civil unrest in Mexico after the death of a notorious criminal drug lord in March is not expected to affect Scotiabank’s operations.
Buy
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.
Accept bid
National Bank of Canada (TSX: NA)
Montreal-headquartered National Bank has been the best performing amongst the group, doubling over the last five years and up 56% over the last year. Having grown by taking over Canadian Western Bank (CWB), the eighth-largest bank in Canada, for $5 billion, it subsequently bought the retail business of Quebec-based Laurentian Bank with its $10.9 billion in assets and $1.4 billion in small- and medium-sized enterprise loans.
Buy
The Coca-Cola Company (NYSE: KO)
Everyone knows about Coca-Cola. What you may not know is that Coke is just one of more than 500 drink brands offered by this company. If you sip on Sprite, Fanta, or Minute Maid orange juice, you’re drinking a Coca-Cola product. Ditto for Dasani water, Powerade, Costa coffee, and more.
Hold
Hydro One
Hydro One has two main businesses: the transmission of electricity and the distribution of electricity to utilities throughout the province. Overall, it transmits 98% of Ontario’s electricity and serves 1.5 million customers. The province owns 47% of the common shares.