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
tii2324 (December 21, 2023)
Two little words… Lower rates will benefit banks… Top Pick: National Bank… Gavin Graham updates Scotiabank, Canadian Western Bank… Perpetual preferred shares remain timely… Gordon Pape updates Brookfield Infrastructure Partners, Brookfield Renewable Partners… Your Questions: Advisor wants to change asset allocation… Price increase – final reminder
tii2323 (December 7, 2023)
Return of the bond bull… This month’s Top Pick: iShares Core Canadian Long Term Bond Index ETF… Gordon Pape’s updates: Canadian Utilities, NorthWest Healthcare Properties REIT, Vanguard US Aggregate Bond Index ETF… Your Questions: What’s in store for this T-bill fund?
tii2322 (November 23, 2023)
How safe are high interest ETFs?… Cue the music: The return/yield two-step… Richard Croft updates Power Corp., CIBC… Pipelines pay off… Gordon Pape’s ETF updates: iShares 0-5 Years TIPS Bond Index ETF, Harvest Brand Leaders Plus Income ETF… Price increase
tii2321 (November 9, 2023)
Double threats… Gordon Pape updates Pembina Pipeline, Fortis Inc… Gavin Graham updates Brookfield Corp…. Your Questions: Investing in HISA ETFs
tii2320 (October 26, 2023)
Dividend bargains… This month’s Top Pick: Organon & Co… Rough times for Balanced Portfolio… Gavin Graham updates Stella-Jones, Boralex, Corby… Gordon Pape updates Mullen Group
tii2319 (October 12, 2023)
Covered call bonds… Gordon Pape updates Fortis, North West Company, Emera… Gavin Graham updates Unilever… Your Questions: Transferring funds; Rate resets
tii2318 (September 28, 2023)
It’s the cash that counts… The end of rising rates, or just a pause?… Top Pick: Boardwalk REIT… Gavin Graham updates Diageo, Fiera Capital, Richards Packaging Income Fund… Gordon Pape updates NorthWest Healthcare Properties REIT… Your Questions: DXQ taxation
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.