The month of December 2025 as ended and it was quite the month!
On December 10, the Bank of Canada decided to keep the interest rate at 2.25%. This seems to indicate that inflation is under control and kept near 2%.
It seems cost keep going up at the grocery store month after month. The telecommunication companies seem to be increase the price of their services. I had increases on both my internet and cell phone bills, which resulted in me calling these providers to re-negotiate my bills going forward.
On December 18, Canada's Prime Minister and Ontario Premier came to an agreement to streamline approvals on major projects. One of these projects is the development of Ring of Fire. The Ring of Fire is area in Ontario that could be mined for minerals that will help grow Canada's economy. Of course, this project might not see the light of day.
The S&P500 was up 1.16% over the past month. In the last 5 days, the S&P500 was up 1.07%.
The S&P TSX Composite Index was up 3.56% over the past month. In the last 5 days S&P TSX Composite Index was up 1.97% over the last 5 days.
Portfolio Activity
Margin Account Activity
On December 5, I purchased 60 shares of Air Canada (AC.TO) at $18.87 per share for a total cost of $1132.20. There is no intention to keep this as a long term hold.
On December 18, my limit order on Air Canada was filled. I sold the 60 shares of Air Canada at $19.20 per share for a total of $1152.00. The gross profit on this trade was $19.80.
The net profit will be less due to margin interest that would of occurred during the duration of the trade.
There was no decrease in my annual dividend income as Air Canada does not pay a dividend.
TFSA Activity
There has been no activity in this account since the last update..
Shares Purchased Via DRIP
1 unit of AP.UN @ $13.1901 for a total cost of $13.19 CAD (TFSA)
1 unit of KMP.UN @ $16.17 for a total cost of $16.17 CAD (TFSA)
1 unit of SRU.UN @ $25.51652 for a total cost of $25.52 (TFSA)
1 share of MFC.TO @ $50.10938 for a total cost of $50.11 CAD (TFSA)
1 share of AW.TO @ $37.96089 for a total cost of $37.96 CAD (TFSA)
1 share of CNR.TO @ $136.97664 for a total cost of $136.98CAD (TFSA)
2 units of BEP.UN @ $27.06 USD for a total cost of $74.13 CAD (TFSA)
3 units of BPF.UN @ $22.58547 for a total cost of $67.76 CAD (TFSA)
1 share of BEPC.TO @ $52.62691 for a total cost of $52.63 CAD (TFSA)
7 shares of T.TO @ $18.23437 for a total cost of $127.64 CAD (TFSA)
1 share of QSR.TO @ $67.63USD for a total cost of $93.14 CAD (Margin)
1 unit of REI.UN @ $19.31 for a total cost of $19.31 CAD (TFSA)
I have some other positions with the DRIP turned on but might not have enough of a dividend to purchase a whole share.
My Enbridge position directly with the transfer agent is set up to DRIP. Around November 2018, Enbridge stopped their DRIP program. If Enbridge decides to start a DRIP, then my shares will start to DRIP again automatically.
Dividend Increases
Dividend Increases
On December 3, Enbridge (ENB.TO) increased the dividend from $0.9425 to $0.97 CAD per share quarterly, or from $3.77 to $3.88 CAD per share annually. This is an increase of 2.92%.
At the time of this increase, I own 359.278 shares of Enbridge. This increase adds $39.52 CAD to my annual dividend income.
On December 3, Royal Bank of Canada (RY.TO) increased their dividend from $1.54 to $1.64 CAD per share quarterly, or from $6.16 to $6.56 CAD per share annually. This is an increase of 6.49%.
Currently, I own 56 shares of Royal Bank. This increase adds $22.40 CAD to my annual dividend income.
On December 4, TD Bank (TD.TO) increased their dividend from $1.05 to $1.08 CAD per share quarterly, or from $4.20 to $4.32 CAD per share annually. This is an increase of 2.86%.
Currently, I own 253 shares of TD Bank. This increase adds $30.36CAD to my annual dividend income.
On December 4, C.I.B.C. (CM.TO) increased their dividend from $0.97 to $1.07 CAD per share quarterly , or from $3.88 to $4.28 CAD per share annually. This is an increase of 10.31% .
Currently, I own 220 shares of C.I.B.C. This increase adds $88.00 CAD to my annual dividend income.
On December 4, Bank of Montreal (BMO.TO) increased their dividend from $1.63 to $1.67 CAD per share quarterly, or from $6.52 to $6.68 CAD per share annually. This is an increase of 2.45% .
Currently, I own 85 shares of Bank of Montreal. This increase adds $13.60 CAD to my annual dividend income.
Dividend Decreases
On December 1, Allied Properties REIT decreased their distribution. I decided to include this decrease in the last monthly update.
Summary:
As of January 10 2026, the total value of the portfolio is $329188.04 CAD . This is a 3.78% increase over last month's total.
Googlesheets is still not operating properly. So, I had to manually enter the market value for the REITS, BEP.UN, and BPF.UN.
Any dividend increases or decreases in January 2026 will be included in the next portfolio update.
Please Note: Positions in Restaurant Brands International (QSR.TO), Brookfield Renewables Corporation (BEPC.TO), and Algonquin Power and Utilities (AQN.TO) pay dividends in US dollars. Brookfield Renewables Partners (BEP.UN) pays distributions in US dollars. My investment tab spreadsheet displays the Canadian dollar equivalent within 15 to 20 minutes of real time.
Disclosure: Long aforementioned stocks
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 own research and tolerance for risk.
