Investment Q&A

• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $41.59)
  • $41.59 P/E (TTM): 15.33X Cap: $1.10B
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $62.72)
  • $62.72 P/E (TTM): 5.9X Cap: $5.70B
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Q: I bought VDY, primarily for the dividend, but capital appreciation has been much better than expected. Now I'm looking for a Canadian complement. I note that CDZ also contains financials and energy, but at fairly low percentages, and it seems to cover other sectors well, perhaps a bit better than VDY. Do you think CDZ would be the best complement, or is there another Canadian ETF that would fit nicely beside VDY. Again, the dividend is appreciated, but capital appreciation and low down-side risk would also be very welcome, in addition to sector balance. Thank you for all your great service.

Upvote 4

Read Answer Asked by Gordon on January 13, 2026

• Enbridge Inc. (ENB $64.33)
  • $64.33 P/E (TTM): 24.3X Cap: $138.96B
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Q: Will the revival of the Venezuelan oil industry have a significant negative impact on Enbridge?

Thank you.

Very much appreciate the insight you provide and the spirit in which it is communicated.

Howard

Upvote 14

Read Answer Asked by Howard on January 12, 2026

• BCE Inc. (BCE $32.92)
  • $32.92 P/E (TTM): 4.96X Cap: $30.83B
  • View BCE Profile
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• TELUS Corporation (T $18.52)
  • $18.52 Cap: $28.94B
  • View T Profile
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Q: I own both.
I would appreciate if you could compare telus to BCE at the same point before BCE cut it's dividend with regards to similarities / differences , position, cash flow, ability to pay dividend. I am worried that Telus will do the same and cut it's dividend in 2026. Is Telus at the same teetering point or better off ?

Upvote 4

Read Answer Asked by Ernest on January 12, 2026

• Gladstone Capital Corporation (GLAD $20.72)
  • $20.72 P/E (TTM): 8.43X Cap: $472M
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Q: Can I please get your current opinion on glad? Do you feel its dividend is safe?

Upvote 2

Read Answer Asked by Lois on January 09, 2026

• Gibson Energy Inc. (GEI $25.67)
  • $25.67 P/E (TTM): 27.18X Cap: $4.11B
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Q: Hello 5i team,
Gibson Energy's yield is currently nearing 7%, quite tempting for a dividend investor. Can I get your opinion on the sustainability of this dividend? What is the payout ratio based on earnings and cash flow? I already have positions in ENB, TRP, PPL, KEY and ALA. Would taking a position in GEI reduce my risk, or would I be better off topping up the other positions?
Many thanks for your valuable advice!
Brian

Upvote 5

Read Answer Asked by Brian on January 09, 2026

• Brookfield Infrastructure Partners L.P. (BIP.UN $47.96)
  • $47.96 P/E (TTM): 52.02X Cap: $21.89B
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• Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC $61.54)
  • $61.54 Cap: $8.08B
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Q: Happy New Year 5i team,
Could I please have your opinion on Brookfield Infrastructure for a 3-5 year hold and also if you could explain the difference between BIP.UN and BIPC and which you think is the better to hold.

Thanks as always,
Paula

Upvote 5

Read Answer Asked by Paula on January 09, 2026

Q: What 6 high dividend paying canadian companies would best survive or go down the least in a market selloff. Thanks.

Upvote 11

Read Answer Asked by John on January 09, 2026

• Linamar Corporation (LNR $86.86)
  • $86.86 P/E (TTM): 21.16X Cap: $5.22B
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Q: I have held LNR for a couple of years now and it has recently been in an uptrend. I was looking at a 20 year chart and it has just broke the all time high set 15 years ago or is about to hard to tell for sure on the chart I was looking at. While I am not a technical guy with stocks does this have any significance either technically or in general. Thanks

Upvote 2

Read Answer Asked by Jerome on January 08, 2026

• iShares Canadian Select Dividend Index ETF (XDV $40.10)
  • $40.10 P/E (TTM): 11.74X Cap: $2.20B
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• iShares S&P/TSX Composite High Dividend Index ETF (XEI $32.85)
  • $32.85 P/E (TTM): 12.81X Cap: $2.89B
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• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $41.59)
  • $41.59 P/E (TTM): 15.33X Cap: $1.10B
  • View CDZ Profile
  • View Questions on CDZ
• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $62.72)
  • $62.72 P/E (TTM): 5.9X Cap: $5.70B
  • View VDY Profile
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• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $37.19)
  • $37.19 P/E (TTM): 11.86X Cap: $3.82B
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Q: Would you please recommend some high dividend ETF for low risk. It can be either only Canadian stocks or mixed with US and Canada. May thanks

Upvote 12

Read Answer Asked by kwokwai on January 08, 2026

• Premium Income Corporation Class A Shares (PIC.A $9.52)
  • $9.52 P/E (TTM): 10.99X Cap: $227M
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Q: Performance 2025, thumbs up. Carrys a generous dividend. lots of momentum. HOWEVER small, with little volume. what is your opinion. thanks

Upvote 1

Read Answer Asked by terrance on January 07, 2026

• Major Drilling Group International Inc. (MDI $14.08)
  • $14.08 P/E (TTM): 74.11X Cap: $1.16B
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• Geodrill Limited Ordinary Shares (GEO $4.04)
  • $4.04 P/E (TTM): 15.48X Cap: $193M
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• Foraco International SA (FAR $2.47)
  • $2.47 P/E (TTM): 13.81X Cap: $251M
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Q: Part of Patrik's question, on Dec 12th re MDI, was his query if there was another name in the materials drilling sector you would recommend to move on to. As you didn't mention any other - does that mean your opinion is that MDI is the preferred choice ? If not could you elaborate, including Canada & U.S. ?
Thank you.

Upvote 1

Read Answer Asked by Alexandra on January 07, 2026

• Emera Incorporated (EMA $66.57)
  • $66.57 P/E (TTM): 18.38X Cap: $19.95B
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• West Fraser Timber Co. Ltd. (WFG $91.42)
  • $91.42 Cap: $7.18B
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Q: We hold both in cash accounts and need to put one or both (total $14k) into two TSFAs. All tax implications being equal ,which one or a combination of both do you recommend taking from taxable cash accounts and putting into TSFAs?
Happy New year ,and thanks for all your hard work.
Philip

Upvote 3

Read Answer Asked by Philip on January 07, 2026

• Freehold Royalties Ltd. (FRU $15.45)
  • $15.45 P/E (TTM): 18.56X Cap: $2.48B
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• Brookfield Infrastructure Partners L.P. (BIP.UN $47.96)
  • $47.96 P/E (TTM): 52.02X Cap: $21.89B
  • View BIP.UN Profile
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• Exchange Income Corporation (EIF $87.38)
  • $87.38 P/E (TTM): 32.86X Cap: $4.70B
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• First Capital Real Estate Investment Trust (FCR.UN $19.48)
  • $19.48 P/E (TTM): 35.93X Cap: $4.14B
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Q: My wife (71 YO) has these stocks in her TFSA as well as $47K cash. What do you think of these holdings? Suggestions on possible purchases? Sell/keep these holdings?

Upvote 10

Read Answer Asked by James on January 07, 2026

• Altria Group Inc. (MO $60.15)
  • $60.15 P/E (TTM): 10.98X Cap: $98.26B
  • View MO Profile
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• Philip Morris International Inc (PM $165.85)
  • $165.85 P/E (TTM): 29.41X Cap: $257.09B
  • View PM Profile
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• Enbridge Inc. (ENB $64.33)
  • $64.33 P/E (TTM): 24.3X Cap: $138.96B
  • View ENB Profile
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• TMX Group Limited (X $50.60)
  • $50.60 P/E (TTM): 30.65X Cap: $13.94B
  • View X Profile
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• Exchange Income Corporation (EIF $87.38)
  • $87.38 P/E (TTM): 32.86X Cap: $4.70B
  • View EIF Profile
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Q: what would your top 5 dividend stock in North America?

Upvote 21

Read Answer Asked by Gary on January 06, 2026

• George Weston Limited 5.80% Preferred Shares Series 1 (WN.PR.A $25.78)
  • $25.78 P/E (TTM): 10.73X Cap: $37.52B
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Q: As my wife and I 'leap' over the 90 year-yard line, we ponder what to invest in for our heirs in the coming year - - specifically using our 'new' TFSA contribution room. Historically, we have preferred to use Perpetual Preferred shares - - specifically WN.PR.A and POW.PR.A for their yield, their track record as companies, their distributions which are dividends and taxed as such, and they offer DRIP (at least in our discount house). I am looking for suggestions of other high quality firms that might be considered. Use as many credits as required to answer please. Thank you for all your help over the past several years. Happy New Year! Bill

Upvote 2

Read Answer Asked by Bill on January 06, 2026

• TC Energy Corporation (TRP $75.54)
  • $75.54 P/E (TTM): 22.98X Cap: $77.77B
  • View TRP Profile
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• Enbridge Inc (ENB $46.34)
  • $46.34 P/E (TTM): 24.3X Cap: $100.14B
  • View ENB Profile
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Q: Why do you feel that TRP is outperforming ENB in the past year, anything to do with what they are putting through the pipes, natural gas vs. oil.
Thanks Again

Upvote 4

Read Answer Asked by eugene on January 06, 2026

Q: Hello Peter
I am a retired investor
I do have a nice portfolio on utilities as well as pipelines
both have been lagging the market compared to the banks and the gold stocks but are ahead of the energy and real estate sector
What do you think with the low interest rate environment and the tariffs situation;
that utilities and pipelines will do in 2026, Thank you
Michael

Upvote 8

Read Answer Asked by Michael on January 06, 2026

• AT&T Inc. (T $23.30)
  • $23.30 P/E (TTM): 7.79X Cap: $168.30B
  • View T Profile
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• BCE Inc. (BCE $23.72)
  • $23.72 P/E (TTM): 4.96X Cap: $22.16B
  • View BCE Profile
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Q: I have owned BCE for 15 years and T (Telus) for maybe 10 years or less - combined $80K investments. Both are down for different reasons. I am up , including dividends a fair bit as I reinvest the dividends where opportunities present. Would you add to T at the current price?

Upvote 4

Read Answer Asked by James on January 06, 2026

• Fortis Inc. (FTS $71.25)
  • $71.25 P/E (TTM): 20.52X Cap: $36.02B
  • View FTS Profile
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Q: What are your thoughts on this company?

Upvote 8

Read Answer Asked by Ray on January 06, 2026

• Brookfield Renewable Partners L.P. (BEP.UN $39.69)
  • $39.69 Cap: $25.08B
  • View BEP.UN Profile
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• Brookfield Infrastructure Partners L.P. (BIP.UN $47.96)
  • $47.96 P/E (TTM): 52.02X Cap: $21.89B
  • View BIP.UN Profile
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Q: Can only keep one. Which one would you keep for a long term hold?

Thanks

Yves

Upvote 6

Read Answer Asked by Yves on January 05, 2026