The inflation is taking its toll on the economy. The price of food, gasoline, and utilities remain high. The price on carbon adds another layer to this increase. The inflation is also due to cost of shipping as there is a huge backlog of ships at ports that are waiting to be offloaded.
On September 10, 2022, the federal conservative leadership vote took place and Pierre Poilievre won on the first ballot.
During the month of September, 2 major hurricanes caused lots of damage in less than a week. These hurricanes were hurricane Fiona and hurricane Ian. Hurricane Fiona caused widespread power outages in Nova Scotia, New Brunswick, PEI and Newfoundland. There was also damage in Atlantic Canada caused by Hurricane Fiona. Currently, Ian has caused severe damage to Florida. It got downgraded from hurricane status and then regained hurricane status before making landfall again in Carolina.
Hurricane Ian has been downgraded again from hurricane status.
On the Pacific coast, a major hurricane is heading towards Mexico.
These severe weather storms affect the economy in lots of ways. One being cargo ships not able to come to port or leave a port, or major roads, bridges and highways being destroyed.
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 October 2, 2022 , the total value of the portfolio is $169954.24 . This is a 4.52% decrease over last month's total.
The portfolio is estimated to produce an estimated $7471.30 CAD in dividend income over the next 12 months. This is an increase of $172.56 CAD , or 2.36%. 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.