That Bank of Canada has held the interest rate steady at 4.5%. With all the interest rates hikes in the past year it takes a while to feel the full effect. This is a result of things such as people buying houses at higher interest rates, mortgages coming up for renewal, businesses paying more for commodities etc.
An example of businesses paying more for commodities is coffee. Coffee chains pay for coffee months in advance via the commodity futures. Other factors that affect the price of coffee is the cost of transportation.
In April, 2 major things happened in Canada. The 2 things are Rogers- Shaw deal is officially complete and Canadian Pacific Railway and Kansas City Southern merger is now complete. The combined railroad is now called Canadian Pacific Kansas City. This new railway is a single line railroad that allows service between Canada, Mexico and the United States.
Shortly after the combined railroad commenced operation, some major competitors announced Falcon Premium Intermodal Service. Canadian National Railway, Union Pacific, and Ferromex. To see a map of the this new service, click here.
Either way, this should beneficial to CPKC and Canadian National Railway. Also this will reduce green house gas emissions as it will take replace the amount of trucks needed to transport these goods.
Let's get to the list of dividend income from some Canadian bloggers for April 2023. Of course, I first want to mention my own dividend income report.
Reverse The Crush received $116.66 in dividend income in April 2023. This is a 14% YoY increase.
Moneymaaster received $1981.77 in dividend income and dripped 82 new shares/units to increase his future dividend income.
Tawcan received $5343.33 in dividend income. That is a crazy, insane amount of dividend income to receive in a single month.
My Own Advisor and Gen Y Money shared their individual dividend income updates with the world. Although their actual amount of dividend income received in April 2023 is not mentioned, there is some great information in their respective posts.
Fire We Go (via video) received $4128.84 in dividend income for the month of April 2023.
Conclusion:
We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.
In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.
DISCLAIMER
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.
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