MEETING DATES DATA SUPPLIED BY ISSUING COMPANIES THROUGH THE SERVICE OF CDS CLEARING AND DEPOSITORY SERVICES INC.
- = CHANGE IN PREVIOUSLY REPORTED INFORMATION % = CANCELLED MEETING; @ = ADJOURNED MEETING; A = ANNUAL; S = SPECIAL; G = GENERAL; X = EXTRA; E = EXTRAORDINARY ANALYTIXINSIGHT INC. %Aug 25 Oct 20 AS Alkane Resources Limited Oct 10 Nov 26 AG Altamira Gold Corp. *Aug 26 Oct 15 AG Arcland Resources Inc. *Oct 28 Dec 05 A Atomic Minerals Corporation Oct 14 Nov 21 AG Augusta Gold Corp. Sep 12 Oct 20 S Auscan Resources Inc. Oct 06 Nov 13 AS Avanti Gold Corp. Oct 10 Nov 25 AS Bird River Resources Inc. Oct 07 Nov 13 AS Blue Moon Metals Inc. Oct 10 Nov 13 AS BrandPilot AI Inc. Sep 29 Nov 13 AGS CANPR TECHNOLOGY LTD *Aug 25 Oct 24 AS CAROLINA RUSH CORPORATION *Sep 12Oct 21 S CISCOM CORP. *Sep 17 Nov 06 AG Canadian Copper Inc. Sep 23 Nov 10 S Carcetti Capital Corp. Sep 25 Oct 30 AS Chatham Rock Phosphate Limited Oct 07 Nov 13 AGS Cloud3 Ventures Inc. Sep 24 Nov 04 AS Collingwood Resources Corp. Oct 10 Nov 21 AG EAGLE ROYALTIES LTD Sep 10 Oct 30 S EAGLEONE METALS CORPORATION Sep 19Nov 05 A EMX Royalty Corporation Sep 25 Nov 04 S Eguana Technologies Inc. Oct 08 Nov 27 AG Elemental Altus Royalties Corp Sep 25 Nov 04 S Exploits Discovery Corp. Sep 15 Oct 28 AGS Firefly Metals Ltd Oct 08 Nov 20 AG First American Uranium Inc. Oct 06 Nov 13 A Flow Capital Corp. %Sep 16 Oct 29 AGS GFG Resources Inc. Oct 06 Nov 12 AG Giga Metals Corporation Oct 09 Nov 14 AG Gold Finder Resources Ltd. Oct 10 Nov 14 AG Gold’n Futures Mineral Corp. *Sep 19 Nov 06 AS Golden Sky Minerals Corp. Sep 22 Nov 03 AS Gr Silver Mining Ltd. Oct 06 Nov 25 AG Happy Belly Food Group Inc. Oct 08 Nov 28 A IBC Advanced Alloys Corp. Oct 14 Dec 05 AG J2 Metals Inc. Oct 08 Nov 12 S Karus Mining Inc. *Sep 02 Oct 31 AGS Kintavar Exploration Inc. Sep 22 Oct 28 S Kolibri Global Energy Inc. Oct 06 Nov 25 S Mabel Ventures Inc Oct 17 Dec 09 AG MetalQuest Mining Inc. Oct 08 Nov 12 AGS Metalex Ventures Ltd. Oct 17 Nov 21 AG MiniLuxe Holding Corp Oct 10 Nov 20 AGS Moss Genomics Inc. %Aug 26 Sep 29 A New Age Metals Inc. Oct 08 Nov 12 AG Newport Exploration Ltd. Nov 04 Dec 09 AG PREVECEUTICAL MEDICAL INC. *Aug 20 Oct 10 AGS Plata Latina Minerals Corp. *Aug 26 Oct 16 S Quest Critical Metals Inc. Oct 08 Nov 12 A Quetzal Copper Corp. Oct 06 Nov 10 AS RE Royalties Ltd. Oct 09 Nov 13 AG Rockport Capital Corp. Oct 08 Nov 12 AG SHARC International Systems In Oct 10 Nov 28 A STARLO VENTURES LTD. Oct 08 Nov 12 A Sandfire Resources America Inc Oct 15 Nov 21 AG Sayward Capital Corp Sep 24 Oct 29 A Solid Impact Investments Corp Oct 06 Nov 10 AS Stallion Uranium Corp. Oct 08 Nov 13 A Stamper Oil & Gas Corp. Sep 29 Nov 18 A Strategem Capital Corporation Oct 10 Nov 20 AG THREE VALLEY COPPER CORP. *Sep 08 Oct 20 AS TORR METALS INC Oct 10 Nov 20 A Thermal Energy International Oct 10 Nov 25 AG Thunderbird Minerals Corp. Sep 22 Nov 03 AS Two Hands Corporation Oct 14 Nov 20 S Vendetta Mining Corp. Oct 07 Nov 19 AG Voyageur Mineral Explorers Sep 29 Oct 30 S WORLD COPPER LTD. *Aug 26 Oct 16 S Wescan Energy Corp. Oct 10 Nov 14 A XORTX THERAPEUTICS INC. %Aug 29 Oct 10 AS RECORD MEETING TYPE DATE DATE RECORD MEETING TYPE DATE DATE RECORD MEETING TYPE DATE DATE RECORD MEETING TYPE DATE DATE RECORD MEETING TYPE DATE DATE B8 G THE GLOBE AND MAIL | MONDAY, SEPTEMBER 22, 2025 GLOBE INVESTOR | REPORT ON BUSINESS T he Bank of Canada lowered its policy rate by a quarter- point to 2.5 per cent last week. Such reductions are usu- ally followed – with alacrity – by similar cuts to the rates offered by the big banks. Before the BoC rate cut was announced, most of the big banks paid 2.3 per cent on Cana- dian deposits in their “A” series of investment savings accounts. A cut of a quarter-point would push the rate closer to 2.05 per cent, and some banks have already made the move. Lower rates are bad enough, but interest income is also fully taxable (outside RRSPs and the like), which can be particularly painful for those in higher tax brackets. Investors who are willing and able to take on more risk might look instead to Canadian divi- dend stocks for better returns. The Stable Dividend portfolio offers a good starting point for investors migrating away from savings accounts thanks to its focus on low-volatility dividend payers. The portfolio fared well over the long term, with average annual returns of 14.1 per cent from the end of 1999 through to the end of August, 2025. In com- parison, the Canadian stock mar- ket (as represented by the S&P/ TSX Composite Index) climbed by an average of 7.7 per cent annually over the same period. (The returns herein are based on backtests using data from Bloomberg taken at the end of each month. They include divi- dend reinvestment but not fund fees, taxes, commissions or other trading costs. The portfolios are equally weighted and rebalanced monthly.) The Stable Dividend portfolio starts its search of steady stocks with the 300 largest on the Toronto Stock Exchange (TSX) by market capitalization. It then narrows in on dividend-paying stocks, which currently represent 200 of the largest 300. As a final step, it buys an equal amount of the 20 stocks with the lowest volatilities over the prior 260 days. The portfolio is subse- quently updated monthly, but annual updating also worked. The portfolio currently sports an average dividend yield of 3.9 per cent, and you can examine its long-term track record in the accompanying graph along with that of the market index. The graph also includes two variations of the Stable Dividend portfolio that are similar to the original but pick low-volatility dividend stocks from the largest 100 or 200 stocks on the TSX rather than the largest 300. Both of the variants outper- formed the market index but trailed the original portfolio. The 100-stock and 200-stock variants gained an annual average of 12.1 per cent and 13.3 per cent, re- spectively, over the period from the end of 1999 to the end of August, 2025. The return reduction is a little disappointing but not entirely unexpected because the very largest stocks tend to lag smaller stocks over the long term – with some notable exceptions. The returns of the two variants were also a bit more volatile than those of the original portfolio. The second graph highlights the downside experience of the Stable Dividend portfolio along with those of the 100-stock varia- nt and the market index. The 200-stock variant was excluded to avoid cluttering up the graph, but its downside performance was generally a touch better than that of the 100-stock variant and a little worse than that of the reg- ular portfolio. The biggest decline for the portfolios occurred during the financial crisis of 2008-09, when the market index plunged 43 per cent. The Stable Dividend portfolio gave up 22 per cent dur- ing the crash, while the 100-stock and 200-stock variants fell 30 per cent and 23 per cent, respective- ly. Despite faring better than the market over the long term, the Stable Dividend portfolio’s sharp decline may have been too much for some risk-averse investors, and a future crash may be even worse. On the other hand, many of the stocks in the portfolio have strong dividend growth records, and the portfolio’s returns have been quite satisfactory since the turn of the century. Hopefully, fortune will continue to favour it over the next 25 years. Details on the stocks in the Stable Dividend portfolio and the others I follow for The Globe and Mail can be found via a link in the online version of this arti- cle. Consider this portfolio for stable dividends It offers a good starting point for investors migrating away from savings accounts thanks to its low-volatility focus NORMAN ROTHERY OPINION PhD, CFA and the founder of StingyInvestor.com Long-Term Growth of Stable Dividends Growth per $1 invested 2000 2005 2010 2015 2020 2025 0 5 10 15 20 25 $30 Stable Dividend Portfolio 200-Stock Variant 100-Stock Variant S&P/TSX Composite Index THE GLOBE AND MAIL, SOURCE: BLOOMBERG Stable Dividends in Downturns Fraction of Prior Peak 2000 2005 2010 2015 2020 2025 0.55 0.60 0.65 0.70 0.75 0.80 0.85 0.90 0.95 1.00 Stable Dividend Portfolio 100-Stock Variant S&P/TSX Composite Index THE GLOBE AND MAIL, SOURCE: BLOOMBERG I woke up at 5 a.m. and acciden- tally had an extremely produc- tive day that even included a workout. This is pretty jarring for a girl whose favourite hobby is laying down. I’m having intrusive thoughts about setting my alarm for 5 a.m. again and telling you about how transformed I feel. If I start talking about the benefits of creatine vs. protein, it’s time to stage an intervention. Here are five things to know this week: Dancin’ in September: His- torically, September is the worst month of the year for stocks. This month, however, is anything but. In fact, the NASDAQ is on pace for its biggest gain for September in 15 years. The TSX is on the verge of crossing 30,000 for the first time while the S&P 500 is now sporting a 13-per-cent return so far in 2025. The U.S. Federal Reserve is cut- ting rates even though stocks are at record highs, core inflation re- mains at 3.1 per cent and its own growth forecast is increasing. “Indeed, the Fed has now deliv- ered 125 [basis points] of rate cuts since September 2024,” wrote Jim Reid, head of macro and thematic research at Deutsche Bank. “You have to go back to the 1980s for the last time they cut that rapidly in a non-recessionary environ- ment.” Great expectations: Inves- tors have been piling into Micron Technology Inc. ahead of its earnings report on Tuesday; it was up a record 12 sessions in a row last week. Micron makes a memory chip that feeds data to AI accelerators at extremely fast speeds. It’s often paired with Nvidia or AMD’s AI chips and used in data centres, which has been on the receiving end of hun- dreds of billions of spending from tech giants. Sales are expected to increase nearly 44 per cent this quarter while profit per share is set to soar 234 per cent. Expectations are high, but Citi argues that there is still room to beat. “We believe the continued memory upturn is be- ing driven by limited production and better than expected de- mand, particularly from the data center end market (55% of Micron revenue),” wrote Citi analyst Christopher Danely, whose full- year profit forecast is 26 per cent higher than consensus. On sale: Something interest- ing is happening to Costco Wholesale Corp. shares. While the markets continue to melt up, it has been melting down. Shares of Costco have fallen 12 per cent from the February all-time high. It’s against that backdrop that the big-box retailer is set to report quarterly results on Thursday. Analysts are expecting a res- pectable 6-per-cent increase in same-store sales growth. Since February, Costco has reported results twice and has failed to beat profit expectations both times. That is pretty rare. And when you consider the stock is trading at an eye-watering 50x earnings, investors need to see more than respectable results to move the needle. Oppenheimer warns there is a good chance Costco will miss expectations again this quarter. It has reopened early shopping hours for executive members, which could come with addition- al costs, warned Oppenheimer analyst Rupesh Parikh. He main- tains his buy rating for long-term shareholders but warns that upside potential near-term is lim- ited as the company faces diffi- cult comparisons. Throwback: BlackBerry Ltd. will report results Thursday, and the stock is up 17 per cent over the past two months into earnings, suggesting investors feel like something could break their way. Chief executive John Giamatteo has been in the role for nearly two years trying to revitalize the tech company that has been plagued with falling sales and a weak cy- bersecurity unit. While their QNX business has continued to grow, the pace of growth has slowed. Bay Street is still pretty lukewarm on Black- Berry with most analysts neutral on the stock. CIBC analyst Todd Coupland, however, rates the stock a buy and says this quarter should show improved results and better execution. He upgraded the stock last June, and since his upgrade the stock is up more than 90 per cent. He also says that the cybersecur- ity problem child is poised to ben- efit from higher defence spend- ing around the world. GDP and me: We will get a read of Canada’s economy on Fri- day with GDP for July. Economists are expecting 0.7-per-cent growth in economic activity from a year ago. This comes after the Bank of Canada cut rates to the lowest level in two years last week. Governor Tiff Macklem made it clear he is not necessarily keen to cut rates again in October, espe- cially because it will be before the federal budget is unveiled in November, argues BMO’s Cana- dian rates and macro strategist Benjamin Reitzes. “Policy re- mains data-dependent, suggesti- ng we’ll need to see a further dete- rioration over the next month to prompt a cut,” he wrote. Mr. Macklem and senior depu- ty governor Carolyn Rogers are speaking at different events next week ahead of the data, but we are unlikely to hear anything new. Special to The Globe and Mail Will stocks continue their September hot streak? AMBER KANWAR A trader works on the floor of the New York Stock Exchange on Wednesday. The NASDAQ is on pace for its biggest gain for September in 15 years. RICHARD DREW/ASSOCIATED PRESS