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
tii2421 (November 13, 2024)
Utilities trend higher, but…… Singles beat homers… This month’s Top Pick: Metro Inc…. Gordon Pape updates Enbridge… Your Questions: Preferred shares
tii2420 (October 24, 2024)
High Yield Portfolio gains 20%… The Bull is alive!… Gavin Graham updates Unilever, Diageo, Corby Spirit and Wine, Brookfield Corp.
tii2419 (October 10, 2024)
A REIT that captures AI growth… Top Pick: Digital Realty Trust… Adam Mayers updates TC Energy… Gavin Graham updates C.K. Hutchinson… Your Questions: Searching for safety and yield… Member’s Corner: Automotive Properties REIT
tii2418 (September 26, 2024)
Uneven recovery… Rate reversal rallies REITs… Top Pick: Killam Apartment REIT… Gavin Graham’s REIT updates: Allied Properties, Artis, Automotive Properties, Granite, Minto Apartment… Your Questions: Retirement asset allocation, Northwest Healthcare Properties
tii2417 (September 12, 2024)
Utilities rebound as rates fall… Gordon Pape updates Algonquin Power and Utilities… Gavin Graham updates Sun Life Financial, Savaria Corp…. Your Questions: Royal Bank preferred
tii2416 (August 29, 2024)
Big gain for RRIF portfolio… Falling rates buoy utilities, REITs, and pipelines… Top Pick: Northland Power Inc…. Gavin Graham updates National Bank, Bank of Nova Scotia… Perpetual preferreds revisited… Shawn Allen updates perpetual preferreds of Canadian Utilities, Fortis, Royal Bank, Great-West Life, Power Financial, Intact Financial, Emera
tii2415 (August 15, 2024)
Signs of life in bond markets… Cash flow from weight loss drugs…Top Pick: Evolve Global Healthcare Enhanced Yield Fund… Gordon Pape updates North West Company
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.