Canadian National Railway Co. reported a first-quarter profit of $1.15 billion compared with $1.16 billion a year earlier.
The railway says the profit amounted to $1.87 per diluted share for the quarter ended March 31, up from $1.85 per diluted share in the same quarter last year when it had more shares outstanding.
On an adjusted basis, CN says it earned $1.80 per diluted share in its latest quarter, down from an adjusted profit of $1.85 per diluted share in the first quarter of 2025.
Revenue totalled $4.38 billion, down from $4.40 billion in the same quarter last year.
The railway says gross ton miles increased three per cent compared with a year earlier while revenue ton miles also gained three per cent.
CN’s operating ratio, its operating expenses as a percentage of revenues, was 64.6 per cent in its latest quarter compared with 63.4 per cent a year earlier.
This report by The Canadian Press was first published April 29, 2026.
Agnico Eagle Mines Ltd. (AEM) on Thursday reported first-quarter earnings of $1.7 billion.
The Toronto-based company said it had profit of $3.38 per share. Earnings, adjusted for non-recurring costs, were $3.40 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share.
The gold mining company posted revenue of $4.1 billion in the period.
Agnico shares have climbed 11% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $188.21, an increase of 60% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at https://www.zacks.com/ap/AEM
TC Energy Corporation (TRP) on Friday reported first-quarter profit of $675.8 million.
The Calgary, Alberta-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring costs, were 72 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The energy infrastructure company posted revenue of $2.81 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Imperial Oil Ltd. reported a first-quarter profit of $940 million, down from $1.29 billion in the same quarter last year.
The company says the profit amounted to $1.94 per diluted share for the quarter, down from $2.52 per diluted share in the first quarter of 2025.
Revenue totalled $12.45 billion, down from $12.52 billion a year earlier.
Upstream production averaged 419,000 gross oil-equivalent barrels per day, up from 418,000 in the first quarter of 2025.
Meanwhile, refinery throughput averaged 384,000 barrels per day, compared with 397,000 a year earlier, while capacity utilization was 88 per cent, compared with 91 per cent.
Imperial says the lower throughput and utilization was mainly due to unplanned downtime and a disruption of synthetic crude feedstock caused by Syncrude’s coker outage.
This report by The Canadian Press was first published May 1, 2026.
Magna International Inc. reported a loss attributable to the company of US$12 million in its latest quarter compared with a profit of US$146 million a year earlier.
The Ontario-based automotive supplier, which keeps its books in U.S. dollars, says the loss amounted to four cents per diluted share for the quarter ended March 31 compared with a profit of 52 cents per diluted share a year ago.
On an adjusted basis, Magna says it earned US$1.38 per share in its latest quarter compared with an adjusted profit of 78 cents US per share a year earlier.
Sales totalled US$10.38 billion for the quarter, up from US$10.07 billion in the first quarter of 2025.
In its updated outlook, Magna says it now expects its sales for 2026 to total between US$41.5 billion and US$43.1 billion, down from its earlier forecast for between $41.9 billion and US$43.5 billion.
Magna is one of the world’s largest automotive suppliers and has operations across 28 countries around the world.
This report by The Canadian Press was first published May 1, 2026.
Here are the top 15 dividend payers in Canada, ranked by estimated total annual dividend payout (total cash dividends paid per year, calculated as dividend yield × market cap). This is the standard way to identify the largest “dividend payers” by absolute dollar amount distributed to shareholders.
These are drawn from the largest Canadian companies by market cap (as of late March 2026 data), excluding non-payers like Shopify. All figures are in billions of CAD (shown as $B), with market caps and TTM (trailing twelve months) net income as the latest available annual profit proxy. Dividend $ per year is an estimate based on current trailing dividend yield.
Key notes:
Dividend $ per year = total company-wide payouts (not per share). This metric highlights the biggest distributors of cash to shareholders.
Latest annual Profit uses TTM net income as the most recent full-year equivalent.
Data reflects March 2026 market conditions; actual payouts can vary with dividend increases, share buybacks, or earnings. Yields and totals are trailing (based on recent dividends).
Classic Canadian dividend heavyweights (big banks + major energy infrastructure/oil producers) dominate the list, as expected. Smaller high-yield names (e.g., some telecoms like Telus or BCE) have lower total payouts due to smaller market caps.
The March pullback (–10%, worst since 2013) was driven by USD strength during the US-Iran flare-up. It’s now holding above the $4,400–$4,600 support zone flagged as technically significant by several institutions. That’s consolidation after a historic run, not a structural break. GoldSilver
3-month consensus path: $4,900 (May) → $5,050 (Jun) → $5,200 (Jul). Goldman Sachs reaffirmed a $5,400 target by end-2026; J.P. Morgan’s updated call is $6,300. Citi raised its short-term target to $5,000, citing heightened geopolitical risks, physical market shortages, and renewed uncertainty over Fed independence. GoldRepublicSBC Gold
Key tailwind: central banks purchased 863.3 tonnes of gold in 2025 — more than double the 2010–2021 annual average — and 95% of respondents to the World Gold Council’s survey expect global reserves to increase over the next 12 months. GoldSilver
The four TSX stocks
FNV.TO (Franco-Nevada) — C$358 → ~C$385 (+7.5%) The royalty model gives it the cleanest leverage to gold without operational drag. Recent analyst targets sit in the US$280–$305 range. H.C. Wainwright lifted its target to US$305, and BofA moved to US$280 after updating its 2026 metal price forecasts. Lowest near-term upside of the four, but lowest risk profile. Yahoo Finance
AEM.TO (Agnico Eagle) — C$298 → ~C$315 (+5.7%) Analysts hold a Strong Buy consensus (8.5/10), with a median USD target of $205 and a high of $256. At ~C$298 it’s already trading above the USD median, meaning the market has partially priced in the gold rally. Upside is real but capped near-term unless gold breaks $5,200+. Ticker Nerd
WPM.TO (Wheaton Precious Metals) — C$198 → ~C$225 (+13.6%) Hit an all-time high of C$226.68 on March 2, 2026, and has since pulled back ~12%. TradingView analysts peg a CAD range of $204–$357. As a streaming company it has high operational leverage and the best risk-reward near-term among the four. TradingViewTradingView
ABX.TO (Barrick Mining) — C$58 → ~C$70 (+20.7%) The highest potential upside and the most controversy. Bernstein and JPMorgan both raised their targets to C$91; Stifel is at C$95. TradingView consensus sits at C$81.64 (max C$95, min C$55). The stock has significantly underperformed gold itself — copper exposure and operational complexity are the drag. If gold stays above $5,000, the discount closes fast. Markets DailyTradingView
Not investment advice. Analyst targets are 12-month figures; 3-month extrapolations are proportional estimates. CAD prices use ~1.38 USD/CAD.
ECB’s monetary policy meeting and Bank of England rate decision
8:30 a.m. ET: Canada’s monthly real GDP for February. Consensus is a rise of 0.2 per cent from January.
8:30 a.m. ET: Canada’s payroll survey for February.
8:30 a.m. ET: U.S. GDP and GDP price index for Q1. The consensus projections are annualized rate increases of 2.1 per cent and 4.0 per cent, respectively.
8:30 a.m. ET: U.S. personal spending and income for March. The Street expects month-over-month rises of 0.9 per cent and 0.3 per cent, respectively.
8:30 a.m. ET: U.S. core PCE price index for March. Consensus is a gain of 0.3 per cent from February and up 3.2 per cent year-over-year.
8:30 a.m. ET: U.S. employment cost index for Q1. Consensus is a rise of 0.8 per cent from Q4 and up 3.3 per cent year-over-year.
8:30 a.m. ET: U.S. initial jobless claims for week of April 25. Estimate is 212,000, down 2,000 from the previous week.
