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. 

 

Elbows-up Economics

Canada leads the world in self destruction! You would think Canadians would learn after Trudeau's first term. But nope. Liberal leadership kills more brain cells than crack cocaine. Note Canada's days of glory peaked under PM Harper. 

At least Brookfield is doing well!

Carney's inability to steer Canada towards prosperity really does make one question if an Ivy League university is really worth the money. Unless of course, you use it to purposely destroy an economy for personal gain. If that is the case, such an education is well worth the money. Doing a quick browse of Better Dwelling today and the page was full of news supporting Elbow-up Economics. Good job Carney Marx. 

This Week’s Top Stories: Canada’s Epic Housing Crash, Insolvencies Soar - Better Dwelling

Elbows-up Economics

Canada is also watching global investment walk away — and it didn’t happen by accident. While countries like the United States are attracting new capital and rebuilding industrial strength, Canada has spent years pouring public money into Net‑Zero programs that have delivered little in return. If any at all.

During the Trudeau era billions in taxpayer funds were directed toward heat pumps, solar subsidies, EV incentives, and wind projects. At the same time, Mark Carney — a key adviser to the Trudeau government while an executive at Brookfield Asset Management, one of the world’s largest climate‑finance players — helped shape the very policies that fueled this spending. 

Meanwhile, Canada’s competitiveness eroded. Auto jobs disappeared with no serious plan to replace them. And instead of protecting our domestic manufacturing, Carney's policy is supporting Chinese EV production.

The result is a country losing ground. Investment is flowing elsewhere. Growth is slowing. And Canadians are left wondering why so much public money went into transition programs while so little went into rebuilding the industries that once made Canada strong.

If Canada wants to compete again, it needs a strategy focused on providing the things the world demands. Not goods mandated by government that so far has not resulted in an increase to our standard of living. The opposite has occurred instead. Canada is running out of time to attract capital, restore industrial capacity, and put economic growth ahead of political branding and virtue signalling. Until then, the investment exodus will continue — and Canadians will pay the price.

Is it just coincidence that hundreds of billions of taxpayers dollars was directed at Net-Zero under Trudeau while Carney was both his main consultant and a Brookfield Asset Management executive at the same time? Wake up, Canada!