Note to former subscribers: Several of our final recommendations — Canadian Utilities, Enbridge, Pembina Pipeline, ATCO, and Bank of Nova Scotia — continue to reach new all‑time highs. All five are now in expensive territory, yet we are not suggesting selling. These remain long‑term holds, and each is likely to raise its dividend again over the next 12 months. Based on their current yields and consistent payout growth, I’m not aware of anywhere else we can earn comparable long‑term returns.

The Toronto Stock Exchange is currently trading at just under 22 times earnings. Since 1954, the market’s price‑to‑earnings ratio has typically ranged between 13 and 15 times earnings. In other words, the TSX is trading roughly 30% above its long‑term average. Let the market come to you.