Mid May 2025 and the Canadian Big Bank Earnings

 

The TSX index is doing surprisingly well while there are no trade talks with the US at this time. Showing consecutive gains since the 6th of May. Cooling trade relations with the US and China is a plus for now.

Meanwhile, I like seeing "Beats Estimates" and "Increases Dividends" in reviews of quarterly reports recently while scanning over numbers and distributable cash flow with more reports to come from the stocks I own.

The Big Banks of Canada start reporting with TD Bank leading off the earnings reports on May 22nd, 2025.

                           

After the spin off from TC Energy, TRP ... South Bow, SOBO recently reported earnings for the 1st quarter in 2025 and where their Keystone pipeline runs through the US, there's the unpredictable Mr. Trump's tariff tantrums that could flare up which is mentioned in it's forward guidance. 

The company had a pipeline break in the US and that has been repaired while the remaining cleanup is nearing an end. Where the pressure in the line determines oil flow, The pipeline pressure has been ordered to be reduced so slower flow while the company completes it's order contracts. 

SOBO has an ex-dividend date in June 2025 on June 30th with payment on July 15th. The 0.50 per share is in USD so I get a bump in the USD to CAD conversion in my account.   

Another company which pays it's dividends in USD is Brookfield Infrastructure Partners L.P., BIP.UN with an ex-dividend date of May 30, 2025, so I'll gain about 30+% with the USD conversion of the distribution to CAD. BIP.UN has a current yield of 5.25%.

Brookfield Infrastructure is currently buying the US company, Colonial Enterprises for 9 billion, which has the longest established pipeline in the US.

Pipelines and Banks are some of my long term interests here in Canada where there's more interest in shipping natural gas and oil to Asia and Europe than there is to the USA these days. Investor interests vary where many like the Tech sector, specially those companies in the US like Microsoft, Apple and chip makers. 

Banks and mortgage renewals has been on the news lately. For example, those renewing after 5 years. Covid, house prices went ballistic with some bids exceeding the asking sell price and interest rates shot up with the high inflation during the last 5 years. That in turn drove up payments for many not on fixed terms, although interest rates have come down since the highs. Defaults are expected but the Banks have funds set aside for that,

With the insurance sector, Great-West Life, GWO.TO is on my radar to further fund for the 2nd of June ex-dividend date which kicks off a busy month for my stocks in a variety of sectors on my dividend calendar for June

Great-West Life has a yield of 4.75% and a recent dividend increase of 9.91% for 2025.

I look forward to dividend increases and perhaps even The Bank of Nova Scotia, BNS.TO will come across with one this year with no increases since mid 2023.