GLOBAL X Gold Producer EQUITY COVERED CALL ETF $52.00 (Toronto symbol GLCC) invests in an equal-weighted portfolio of North American-listed gold mining companies. The portfolio currently holds 10 stocks with all the top producers such as Barrick Mining and Newmont Corp. represented.


The ETF yields a high 6.8%. However, the dividend income that the fund receives from its own portfolio is insufficient to cover its distribution to its unitholders. To make up the difference, it has to make a profit on trading its portfolio. The ETF also aims to raise its returns by writing call options on the portfolio’s securities.

MANULIFE MULTIFACTOR CANADIAN SMID CAP ETF $58.06 (Toronto symbol MCSM; TSINetwork ETF Rating: Aggressive; Market cap: $390.8 million) tracks the John Hancock Dimensional Canadian SMID Cap Equity Index. That index is made up of companies that fall outside the 74 largest publicly listed companies in Canada. Stocks are weighted according to their market capitalizations, although the manager also favours stocks with lower valuations and higher levels of profitability.


The fund’s main segment allocations are Basic Materials (35%), Energy (18%), Consumer Discretionary (9%), Utilities (9%), Financial Services (8%), Industrials (8%), and Real Estate (6%). The large weights in materials and energy increase the risk profile of the fund.

You Can See Our Portfolio for Aggressive Growth For November 2025 Here.


If you’re like most investors, you should invest the major portion of your money in stocks from our Conservative Growth Portfolio. But you may want to add some stocks from our Aggressive Growth Portfolio, which we update in this issue.

CGI INC. $127 (www.cgi.com) remains a buy for long-term gains. The company is Canada’s largest provider of computer outsourcing services. The stock is down roughly 20% since the start of 2025, as the slowing economy has prompted businesses to cut their spending. However, CGI’s large order backlog of $30.58 billion as of June 30, 2025 (1.97 times its annual revenue), helps cut your risk. The company is also incorporating artificial intelligence (AI) tools into its software products, which should give it a competitive advantage. CGI is a buy.

Imperial Oil recently announced that it will cut 20% of its workforce as it makes better use of new technologies such as self-driving trucks. The plan should save it $150 million annually by 2028, which will help it cope with volatile oil prices. That should spur the stock higher.


IMPERIAL OIL LTD. $125 is a buy. The integrated oil producer (Toronto symbol IMO; Conservative and Income Growth Portfolios, Resources sector; Shares outstanding: 509.0 million; Market cap: $63.6 billion; Price-to-sales ratio: 1.4; Dividend yield: 2.3%; TSINetwork Rating: Average; www.imperialoil.ca) gets 99% of its production from oil sands operations in Alberta. It also has conventional oil and natural gas operations in the West. Other operations include three refineries (one in Alberta and two in Ontario) and a petrochemical plant in Sarnia, Ontario. In addition, it supplies gasoline to over 2,000 Esso and Mobil gas stations in Canada. ExxonMobil (New York symbol XOM) owns 69.6% of the company’s shares.

RIOCAN REAL ESTATE INVESTMENT TRUST $19 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 294.9 million; Market cap: $5.6 billion; Price-to-sales ratio: 4.2; Distribution yield: 6.1%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 178 shopping centres and mixed-use properties.





Due to the slowing housing market, the trust is now selling the 50% stake in four residential properties it owns through a joint venture for $197.3 million. It aims to sell its remaining residential properties over the next two years. That will let it focus on its main retail properties.

ANDREW PELLER LTD. (class A) remains a buy for long-term gains and income. The company (Toronto symbols ADW.A $5.02 and ADW.B $6.50; Income Portfolio, Consumer sector; Shares outstanding: 43.3 million; Market cap: $229.6 million; Price-to-sales ratio: 0.5; Dividend yield: 4.9%; www.andrewpeller.com) is Canada’s second-largest wine producer after Arterra Wines.


In its fiscal 2026 first quarter, ended June 30, 2025, Peller’s sales fell 0.3%, to $99.2 million from $99.5 million a year earlier. Higher sales in Western Canada offset lower sales at its standalone retail stores in Ontario due to the availability of wines at supermarkets and other stores.

These beverage makers face two challenges: tariffs are adding to their costs, while consumers are shifting away from their main products. Both companies are cutting costs, which will bolster their profits and dividends. Even so, we see better opportunities elsewhere for new buying.


MOLSON COORS CANADA INC. is a hold. The company (Toronto symbols TPX.A $68 and TPX.B $65; Conservative Growth and Income Portfolios, Consumer sector; Shares outstanding: 197.7 million; Market cap: $13.0 billion; Price-to-sales ratio: 0.9; Dividend yield: 4.0%; TSINetwork Rating: Average; www.molsoncoors.com) is the world’s fourth-largest beer brewer.

Mattr has now completed its shift away from its legacy pipeline coating business to focus on making industrial products like cables and plastic tanks. While the stock is down 12% since the start of 2025 due to uncertainty over tariffs, Mattr stands to benefit from the construction of new grids to supply power to a growing number of AI datacentres, as well as the need for new stormwater systems.


MATTR CORP. $11 is a buy for aggressive investors. The company (Toronto symbol MATR; Aggressive Growth Portfolio, Manufacturing sector; Shares outstanding: 61.6 million; Market cap: $677.6 million; Price-to-sales ratio: 0.7; Dividend suspended in March 2020; TSINetwork Rating: Extra Risk; www.mattr.com) is the new name for ShawCor Ltd. (old symbol SCL) following completion a major transformation. Under that plan, the company sold most of its pipeline coating and related businesses in 2023 for $442 million. It recently sold its remaining pipeline coating business in Brazil for $51.0 million.

NUTRIEN LTD. $84 is a buy. The company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 485.9 million; Market cap: $40.8 billion; Price-to-sales ratio: 1.1; Dividend yield: 3.6%; TSINetwork Rating: Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers, including potash, nitrogen and phosphate. It also sells seeds, fertilizers and agricultural products to farmers through some 1,900 stores spread across the Western Hemisphere and Australia.