Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(}function setPanelState(o){dom.root.classList[o?"add":"remove"](,dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

Looking for investing ideas? Here’s your weekly digest of the Globe’s latest insights and analysis from the pros, stock tips, portfolio strategies plus what investors need to know for the week ahead.

National Bank shakes up its Dividend All-Stars portfolio

National Bank of Canada released an update to its 2020 Dividend All-Stars portfolio this week, after its recommended list of high-yield securities to own published in February underperformed the S&P/TSX Composite Index. This underperformance resulted from a significant exposure to the real estate sector as well as the energy sector and a low exposure to the technology and materials sectors, Jennifer Dowty writes. Many of these companies do not pay a dividend or have low dividend yields.

In the shakeup, seven securities have been removed and five have been added. Additions include Alaris Realty, Brookfield Infrastructure Partners, Choice Properties REIT, Crombie REIT and TransAlta Renewables. Find out why, see which stocks were dropped and get the full all-stars list here.

Story continues below advertisement

Dividend-rich renewable energy stocks: Good under Trump, better under Biden?

Renewable energy stocks have performed superbly under the tenure of coal-loving U.S. President Donald Trump, David Berman writes. Now, some observers believe that if Joe Biden is elected, his administration will give the green sector – including a number of Canadian stocks – its next big push. Already, he has issued a climate plan, establishing bold targets for creating a green U.S. energy grid by 2035 and spending US$2-trillion on renewable energy infrastructure and clean-energy research and development over four years.

Companies that may stand to benefit, according to Ian de Verteuil, a strategist at CIBC World Markets, include Algonquin Power & Utilities – which he sees as a standout, Brookfield Renewable Partners, Innergex Renewable Energy, Boralex, Northland Power and TransAlta Renewables. Read more here.

More from David Berman: Power Corp.‘s biggest appeal is shares trading at a deep discount

Related: These Canadian companies are poised to benefit from Joe Biden’s $2-trillion green energy plan

Seeking a safe alternative to GICs

A reader asks Gordon Pape to recommend an investment that won’t lose money over a 10-year-plus period but delivers a better return than guaranteed investment certificates. He responds: If you take inflation risk into account, even GICs and high-interest savings accounts could lose purchasing power over that time. A 10-year Government of Canada bond is only yielding about 0.5 per cent, so you probably don’t want to go that route either.

With a 10-year time horizon, I suggest you consider taking on a small amount of risk with your money. If you don’t own them already, some good utility stocks or a fund that invests in them would be worth considering. These would include companies such as Fortis, Canadian Utilities and Emera. Because most of their income is regulated, the downside risk is minimal, and the dividends appear to be secure. Read more answers to reader questions here.

‘How safe is investing with Wealthsimple?’

Rob Carrick responds: All robo-advisers should be anticipating this question from prospective clients, particular in current market conditions. All robos should have something within a click of their homepage to definitively answer the question.

Story continues below advertisement

What does Wealthsimple say? I asked and got a helpful response that our reader should have been able to find for himself while researching Wealthsimple. Basically, Wealthsimple Inc. has an affiliate called Canadian ShareOwner Investments Inc., which is where money managed in a Wealthsimple account is kept. ShareOwner is a member of the Canadian Investor Protection Fund (CIPF), which protects up to $1-million in eligible account assets from investment dealer insolvency. Read more here.

More from Rob Carrick: Priced out of the big city? Here are seven housing markets young buyers can afford in COVID-19 times

Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up here.

David Rosenberg: The most dangerous move for an investor right now? Counting on a stronger Canadian dollar

I can’t help but think that the Canadian dollar is an accident waiting to happen, David Rosenberg writes. The currency has managed to rally all the way to about 76 US cents and change, which seems surreal, but really all that has happened is that the loonie has moved in lockstep with all other currencies in the recent broadly based downdraft in the U.S. dollar.

Now it appears the Prime Minister is set to embark on a massive fiscal expedition (climate change, pharmacare, universal basic income – all financed off the central bank balance sheet) at a time when the federal debt-to-GDP ratio has already soared, in short order, to nearly 50 per cent from 30 per cent. When one recalls Canada’s history of running structurally high “twin” current account and budget deficits through the 1980s, being long the Canadian dollar right now is probably the most dangerous thing anyone can do. Read more here.

What investors need to know for the week ahead

Canada’s big banks begin roll out third-quarter earnings in the week ahead, with Bank of Montreal and Bank of Nova Scotia reporting Tuesday, Royal Bank of Canada and National Bank of Canada on Wednesday, and Toronto-Dominion Bank and Canadian Imperial Bank of Commerce on Thursday. Other companies releasing their latest financial results include Lululemon, BRP, Dollar Tree, Dollar General and Dell Technologies.

Story continues below advertisement

Economic data on tap include: U.S. new home sales for July (Tuesday); U.S. durable goods orders for July (Wednesday); Canadian employment figures for June (Thursday); Canada’s read GDP for the second quarter and for June, U.S. personal spending and income as well as its wholesale and retail inventories for July (Friday).

Read more: Big Six banks set for earnings bounce, but more virus pain looms

Looking for more investing ideas and opinions?

Analysts see further double-digit gains for this stock that’s up 66% in 2020

Scotiabank’s investment strategy for domestic bank stocks

This stock in correction mode presents a potential buying opportunity

Apple, Target and more investing stars and dogs for the week

Story continues below advertisement

The week’s most oversold and overbought stocks on the TSX

Insider Report: Executives are buying these dividend stocks

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies