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
tii2414 (July 25, 2024)
Rate resets revisited… Shawn Allen’s preferred share updates… A tale of two gold funds… The risk/reward dilemma… Richard Croft updates Power Corp., CIBC, Manulife… Gordon Pape updates Enbridge, Fortis
tii2413 (July 11, 2024)
Immigration boosts stock returns… This month’s Top Pick: InterRent REIT… Gordon Pape updates Russel Metals, iShares 0-5 Years TIPS Bond Index ETF, Harvest Brand Leaders Plus Income ETF
tii2412 (June 27, 2024)
A mixed first half… Forget bank deposits, buy the shares… National Bank buys CWB… Gavin Graham updates AltaGas, Ecora Resources, Lundin Mining, Sucor Energy… Top PHN fund reopens
tii2411 (June 13, 2024)
A rock and a hard place… Infrastructure ETFs offer hidden value… Top Picks: iShares Global Infrastructure Index ETF, BMO Global Infrastructure Index ETF… Adam Mayers updates TC Energy… Gordon Pape updates Innergex
tii2410 (May 30, 2024)
US utility stocks surge… Gordon Pape’s Top Pick: Southern Company… Gordon Pape updates Emera Inc., Duke Energy… Copper-bottomed certainty… Gavin Graham’s Top Pick: BHP Billiton… Gavin Graham updates Intact Financial, Leon’s Furniture, Pason Systems
tii2409 (May 15, 2024)
AI may rescue green energy… Corby’s high dividend worth a toast… Adam Mayers updates BMO Aggregate Bond Index ETF… Gordon Pape updates Enbridge… Members’ Corner: Bond funds
tii2408 (April 25, 2024)
Hydro One transmits steady growth… Debunking covered call myths… Richard Croft updates Power Corp., CIBC… Balanced Portfolio rebounds… Gordon Pape updates Medical Properties Trust, Russel Metals… Your Questions: Transferring to a TFSA
Recent Updates
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
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
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.