A Yield to Caution

CANOE EIT INCOME FUND $11.92 (Toronto symbol EIT.UN; Units o/s: 124.7 million; Market cap: $1.5 billion; Divd. yield: 10.1%; www.canoefinancial.com) is a closed-end fund that invests in a portfolio of dividend paying stocks. Canadian stocks account for 59.3% of its holdings, followed by the U.S…. Read More

Here’s one buy and one sell for PGI investors: Chemtrade Logistics and NortonLifeLock

Long-time readers know that we’re constantly re-evaluating our stock picks. That means moving out of picks with limited growth prospects—see Chemtrade below—in favour of stocks in high-growth areas such as pharmaceuticals and technology—like NortonLifeLock.
CHEMTRADE LOGISTICS INCOME FUND $5.61 (Toronto symbol CHE.UN; TSINetwork Rating: Speculative) (www.chemtradelogistics.com; Units outstanding:… Read More