Portfolio Update - January 2026

 The month of January 2026 as ended and it was quite the month! 

On January 28th, the Bank of Canada decided to keep the interest rate at 2.25%. 

The prime minister of Canada travelled over seas to discuss trade opportunities to help Canada have better trade with other nations than it currently has at this point in time.

The S&P 500 has been up 0.16% over the last month and up 0.23% over the last 5 days.

The S&P TSX Composite index has been up 1.04% over the last month and up 1.73% over the last 5 days. 

Portfolio Activity

Margin Account Activity

On January 19, I sold 80 shares of Canadian National Railway (CNR.TO) at $138.88 per share for a total $11110.40.  The position consisted of 3 buys which cost $11047.00 in total.  The profit on this transaction was $63.40. 

By closing this position, I removed $284.00 from my annual dividend income

On January 20, I bought 90 shares of Canadian National Railway (CNR.TO) at $136.55 per share for a total $12289.50.  On February 6, I sold these 90 shares of a total of $12372.30. The profit on this transaction was $82.80.

Altogether $146.20 in gross profit on this position. 

As I stated before, the dividends received from this position will stay in the margin account and the the profits will be taken out of the margin account.

After selling the 90 shares, my margin account (CAD) is actually now has a positive balance.  The negative amount on my spreadsheet reflects the subtraction of the trading account (all cash) and the cash amount of my "savings" that are in my margin account. 

On February 2, I sold 2 NFI.TO 20March2026 $22.00 covered call at $0.18 for a net premium of $34.02 CAD after commissions.

 

TFSA Activity

On January 21, I purchased 2 shares of Allied Properties REIT (AP.UN) at $13.85 for a total cost of $27.70.  Currently, Allied Properties pay a distribution of $0.06 per unit monthly, or $0.72 per unit annually.  The yield on cost of 5.20%.

This purchase adds $1.44 CAD to my annual distribution. 

On January 21, I purchased 12 units of Harvest Diversified High Income Shares ETF (HHIS) at $11.92 per share for a total cost of $143.04. Currently, this ETF pays a distribution of $0.27 CAD per unit, or $3.24 CAD per unit annually.  The yield on cost for this purchase is 27.2%. 

This purchase adds $38.88 CAD to my annual dividend income. 

On February 5, I purchased 10 units of Harvest Diversified High Income Shares ETF (HHIS) at $10.35 per share for a total cost of $103.50. The yield on cost for this purchase is 31.3%.

This purchase adds $32.40 CAD to my annual dividend income.

Shares Purchased Via DRIP

1 unit of KMP.UN @ $17.61684 for a total cost of $17.62 CAD (TFSA)

1 unit of SRU.UN @ $27.33604 for a total cost of $27.34 (TFSA)

3 shares of AQN.TO @ $6.408 USD for a total cost of $26.70 CAD (TFSA)

1 unit of BPF.UN @ $23.18944 for  a total cost of $23.19 CAD (TFSA)

2 shares of TD.TO @ $128.58639 for a total cost of $257.17 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

On January 30, Canadian National Railway (CNR.TO) increased their dividend from $0.8875 CAD to $0.915 CAD per share quarterly, or from $3.55 CAD to $3.66 CAD per share annually.  This is an increase of 3.10%.

As the time of writing, I currently own 204 shares of Canadian National Railway.  This increase adds $22.44 to my annual dividend income.

On January 30, Brookfield Renewables Partners LP (BEP.UN) increased their distribution from $0.373 to $0.392 USD per unit monthly, or from $1.492 to $1.568 USD per unit annually.  This is an increase of 5.09%.

I currently own 155 units of Brookfield Renewables Partners LP.  At the time of this writing, this increase adds $16.12 CAD to my annual dividend income.

On January 30, Brookfield Renewables Corporation (BEPC.TO) announced the exact same distribution as the one immediately above. 

I currently own 122 shares of Brookfield Renewables Corporation.  This increase adds $12.69 CAD to my annual dividend income.

Dividend Decreases

There was no dividend decreases in the month of January 2026. 

Summary: 

As of February 7 2026, the total value of the portfolio is $341759.49 CAD . This is a 3.82% increase over last month's total.

The portfolio is estimated to produce an estimate $13396.15 CAD in dividend income over the next 12 months. This is an decrease of $179.51 CAD , or 1.322%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.

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 February 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.