The month of November 2021 is now behind us.
On November 4, the Organization For the Superintendent of Financial Institutions, or OSFI, lifted the ban on banks and insurance companies raising their dividends and share buybacks. This ban went into effect from March 2020 and continued to November 4th of 2021. The ban was put in place to help everyday people during the COVID19 pandemic. Although the pandemic is no where near an end, more and more people are becoming fully vaccinated.
The global shipping crisis is still a major issue. The global shipping crisis exploded to more than it was pre-pandemic. When plants and factories in China were completely shut down during the lockdowns, no product was being made. A lot of other countries also implemented lockdowns to help curb the spread of COVID19.
There is now a new variant of the COVID19 virus called the omnicron variant. The fear of this variant has spread to the stock market for a short time.
During the month of November, British Columbia experienced 3 weather events that came known as atmospheric rivers. This is when a large amount of rain falls in a short period of time. As part of these weather events, the Nooksack river in Washington State breached its banks and flooding heads north into British Columbia. This flooded the Sumas Prairie area around Abbotsford, British Columbia.
These so-called atmospheric rivers caused extensive damage and flooding around the southern interior of British Columbia. The major transportation link, the Coquihalla Highway was damaged with a major washout of 2 bridges cutting off travel in both directions. The other major highway 1 (Trans Canada was damaged flooded or damaged from Abbotsford to Hope and then north from Hope. Also, highway 3 was damaged east of Hope. So, this closed down all 3 major highways that connect Vancouver area to rest of Canada.
The atmospheric rivers also caused damage to CN Rail and CP Rail infrastructure, bringing trains into and out of Vancouver to a halt. The port of Vancouver is Canada's largest port.
In the last 6 months, British experienced a tonne of wildfires and a heat dome. The atmospheric rivers caused more damage as water absorption was negatively effected do the wildfires and heat dome.
Margin Account Activity
- Less-Than-Truckload (LTL)
- Logistics and Warehousing
- Specialized & Industrial
- US and International Logistics
Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges.
As of December 4 2021 , the total value of the portfolio is $166253.84 . This is a 3.21% decrease over last month's total.
The portfolio is estimated to produce an estimated $6255.10 in dividend income over the next 12 months. This is an increase of $118.66 CAD , or 1.93%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.
Disclosure: Long aforementioned stocks
I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.