EMERA INC. $73 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 295.9 million; Market cap: $21.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 4.0%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also holds 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida. This business accounts for 70% of its earnings. Emera’s other interests include power plants and natural gas pipelines in Canada, the U.S. and the Caribbean.

RIOCAN REAL ESTATE INVESTMENT TRUST $20 is a buy. The REIT (Toronto symbol REI.UN; Aggressive Growth Portfolio, Manufacturing & Industry sector; Units outstanding: 292.7 million; Market cap: $5.9 billion; Price-to-sales ratio: 4.1; Distribution yield: 5.8%; TSINetwork Rating: Average; www.riocan.com) owns all or part of 173 shopping centres and other properties across Canada. Its occupancy rate is a high 97.8%.


The REIT continues to convert its properties to grocery-anchored malls, which encourages repeat traffic. In the past two years, it has added grocery stores to 10 of its properties.

Oil prices immediately fell with news of a cease fire in the U.S./Israel-Iran war. We expect prices will eventually stabilize on longer-term easing of tensions and the regular movement of oil tankers through the Strait of Hormuz.


While the earlier March spike in crude oil prices lifted the shares of the three oil producers we examine here, their ongoing efforts to cut drilling and other costs should keep profits rising even after crude prices stabilize.



We continue to recommend that most investors maintain some exposure to the oil industry. You can further cut your risk with these three producers, whose high-quality reserves should last decades.

LINAMAR CORP. $87 is a buy for aggressive investors. The company (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 59.8 million; Market cap: $5.2 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.3%; TSINetwork Rating: Average; www.linamar.com) makes a variety of automotive parts. This business provides about 70% of its sales. The remaining 30% comes from making self-propelled, scissor-type work platforms under the Skyjack brand, and agricultural harvesting equipment.


Linamar has formed a new alliance with Regen Resources Recovery Corp. to process graphite for batteries that power electric vehicles (EVs).

For 2026, we selected power provider Fortis as your #1 Income Buy. The key attraction was and is its rate-regulated operations, which provide stable cash flow to support dividends. In fact, the utility expects to lift that payment by 4%-6% annually through 2030.


Beyond dependable income, shareholders should benefit from Fortis’s ongoing investment in generation facilities and transmission infrastructure. These upgrades will help it meet rising electricity demand from new datacentres across Canada and the U.S. Datacentres often require 5 to 30 times more electricity to answer an internet search question with artificial intelligence than to answer it without AI.

You Can See Our Exchange-Traded Funds Portfolio For May 2026 Here.

ETFs in brief

Exchange-traded funds are set up to mirror the performance of a stock-market index or sub-index. They hold a more or less fixed selection of securities that represent the holdings of that index or sub-index and will allow the fund to “track” its performance.

All in all, we see the recent drop in software stocks as a chance to add the leaders (see page 43) to a well-balanced portfolio. Note, though, that given the uncertainty in the industry right now over AI disruption, even the top stocks (or the ETFs that hold them) are best suited for the more aggressive segment of your holdings.

The recent sharp declines in the stock prices of software giants like Salesforce, Microsoft, ServiceNow, Intuit, Booking Holdings, Palo Alto, Adobe and Thomson Reuters were partly driven by a re-evaluation of software business models due to fears of disruption by competing products driven by artificial intelligence (AI).

Investors fear that advanced AI tools can now recreate complex software solutions quickly and with far fewer resources. In addition, traditional seat-based subscription models are under threat; if one AI agent can do the work of several junior analysts, clients may require fewer software licenses. That would lead to lower seat-based demand for established software firms.

This month, we highlight two new funds—the first is an actively managed cryptocurrency ETF from 1832 Asset Management. The second is a rules-based global equity ETF from BMO Asset Management.

Vietnam’s tourism industry has undergone a remarkable transformation, with international tourists increasing threefold over the past decade. This growth is driven by a blend of breathtaking natural landscapes, a deep and accessible history, and a reputation for exceptional hospitality.

Infrastructure development has played a critical role in this expansion. The government has prioritized the modernization of international airports, the expansion of high-speed rail links, and the simplification of e-visa processes.