The last couple months were a whirlwind. The on and off again trade talks between Canada and the United States continue to this day.
On October 19, Albertans went to the polls to vote on 10 different things. One of these 10 things were for Alberta to stay a part of Canada and to begin the legal process to seperate from Canada and form its own country. Albertans voted around 75% to remain a part of Canada. This should bring certainty to investors and businesses that Alberta is remaining a part of Canada.
On October 24, there was a provincial election for the Canadian province of British Columbia. At the time of the election was called, the government was a NDP government. The outcome of the election was a majority conservative government with an interim leader, who took over the party after the leader resigned a few days prior to the election was called. Interim Leader Lorne Doerkson won majority with over 60 of 93 seats. So, Mr. Doerkson will likely remain leader of the party and face a leadership vote at a party convention in the future.
The S&P 500 has been down 0.65% since the last update.
The S&P TSX Composite index has been down 0.93% since the last update.
Portfolio Activity
Margin Account Activity
On Sept 21, I sold 4 RCI.B.TO 23OCT2026 $55 covered call options at $0.09 per contract for a total net premium of $28.04 . This option expired worthless, so I get to keep my shares and keep the premium.
On September 30, I purchased 4.0906 shares of Canadian Pacific Railway (CP.TO) at $122.23 CAD per share for a total cost of $499.99 . Currently, Canadian Pacific Kansas City railway pays a dividend of $0.2680 CAD per share quarterly, or $1.072 CAD per share annually. The yield on cost for this purchase is 0.877% . The yield on cost is very low, but there are high barriers to entry to start a new Class 1 railway in North America. Also, Canadian Pacific Kansas City Railway serves Canada, United States and Mexico on its own network of tracks.
This purchase adds $4.39 CAD to my annual dividend income.
On October 19, I sold 2 NFI.TO 20Nov2026 $19.5 Put options at $0.12 CAD per contract for a total net premium of $22.02 CAD.
On October 21, I sold 2 L.TO 20Nov2026 $72.00 covered calls at $0.47 per contract for a total net premium of $92.02 CAD .
TFSA Activity
I made 4 purchases of Allied Properties REIT since the last update. On September 8, I purchased 12 units at $8.40 per unit for a total cost of $100.80. On September 30, I purchased 6 units at $7.05 CAD per unit for a total cost of $42.30 CAD. On October 2, I purchased units at $6.72 per unit for a total cost of $13.44 CAD. On October 19, I purchased 12 units at $5.54 for a total cost of $66.48 CAD. Currently, Allied Properties REIT pays a distribution of $0.06 CAD per unit monthly, or $0.72 CAD per unit annually.
Theses purchases adds $23.04 CAD to my annual dividend income.
On September 14, I purchased 67 shares of Capital Power Corporation (CPX.TO) at $59.40 CAD for a total cost of $3979.80 CAD. Currently, Capital Power Corporation pays a dividend of $0.7048 CAD per share quarterly, or $2.8192 per share annually. The yield on cost for this purchase is 4.75% .
This purchase adds $188.89 CAD to my annual dividend income.
On September 14, I sold my entire position in BMO Money Market Fund (ZMMK.TO) at $49.87 per unit for total proceeds of $3989.60. Currently, this money market fund pays an distribution of $0.10 per unit monthly, or $1.20 per unit annually.
The sale reduces my annual dividend income by $78.80 CAD.
On September 30, I purchased 2 units of ZMMK at $49.84 for a total cost of $99.68 CAD.
This purchase adds $2.40 CAD to my annual dividend income.
On October 18, I averaged down on my Telus Corporation position (T.TO) by purchasing 3 shares at $12.26 CAD for a total cost of $36.78 CAD. Currently, Telus pays a dividend of $0.1875 CAD per share quarterly, or $0.75 CAD per share annually. The yield on cost for this purchase is 6.12% .
This purchase adds $2.25 CAD to my annual dividend income.
Shares Purchased Via DRIP
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 October 2, Emera Inc. increased their dividend from $0.7325 CAD to $0.74 CAD per share quarterly, or from $2.93 CAD to $2.96 CAD per share annually. This is an increase of 1.024%.
I currently own 286 shares of Emera Inc. This increase adds $8.58 CAD to my annual dividend income.
Dividend Decreases
There were no dividend decreases since the last update.
Summary:
As of October 25 2026, the total value of the portfolio is $392848.86 . This is a 1.154% decrease since the last update.
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 after October 25 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.
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