If you’re retired and looking to generate reliable passive income from your TFSA, Choice Properties REIT (TSX: CHP.UN) is easily one of the top Canadian stocks to consider.

Choice currently offers an annual yield of roughly 5.2% and pays its distribution monthly, making it especially appealing if you’re looking to supplement your retirement income.

However, while an attractive yield and monthly payments are certainly useful, what makes Choice such a high-quality investment is the business behind those payments.

After all, when you’re relying on your investments to help cover your expenses, you want to own businesses that can consistently generate cash, even when the economy weakens.

And with Choice owning a massive portfolio of properties across Canada, including grocery stores, pharmacies and industrial buildings, that’s exactly why it’s worth considering for your TFSA.

A highly defensive Canadian real estate stock

One of the biggest reasons Choice is such a reliable income investment is its relationship with Loblaw, its largest tenant.

Plus, both Choice and Loblaw are controlled by George Weston, which benefits from both businesses doing well and has a long-term interest in keeping their relationship strong and mutually beneficial.

In fact, Loblaw accounts for roughly 57% of Choice’s rental revenue. That gives Choice significant exposure to grocery stores and pharmacies, where demand tends to remain resilient regardless of how the economy is performing.

Because even when Canadians cut back on spending, they still need to buy food and fill prescriptions. That helps support its tenants’ businesses and their ability to keep paying rent.

Furthermore, Choice’s grocery-anchored properties can also be attractive locations for other retailers, which benefit from having those essential stores bring customers to the area.

That demand helps explain why Choice’s portfolio was 97.7% occupied at the end of the second quarter.

Plus, its existing leases also give it opportunities to keep growing its rental income. For example, Choice recently renewed 50 leases with Loblaw, extending them by an average of five years, with rents averaging 8.8% above the expiring rates.

That shows exactly how those properties continue generating income for years while allowing Choice to collect more rent from assets it already owns.

Why Choice Properties is an ideal TFSA stock for retirees

That consistent rental income is what allows Choice to pay its monthly distribution while continuing to invest in its properties.

In fact, through the first half of 2026, Choice paid out roughly 84% of its adjusted funds from operations, a measure that accounts for the cost of maintaining and leasing its properties.

The ratio was closer to 90% in the second quarter, with management pointing to the timing of spending on maintenance and tenant improvements. So, although the distribution remains covered, keeping that payout manageable is important.

Choice also maintains investment-grade credit ratings, which help support its access to financing as it refinances debt and invests in growth, another reason you can have confidence owning the stock for the long haul.

Furthermore, holding Choice in a TFSA allows you to collect that monthly income tax-free and withdraw it whenever you need it. Those withdrawals also won’t increase the income used to calculate federal benefits such as Old Age Security.

That can make a meaningful difference in retirement, allowing you to supplement your income without creating an additional tax bill or reducing those benefits.

And while Choice’s distribution growth has been modest recently, it announced its fourth consecutive annual increase earlier this year.

Plus, with opportunities to raise rents, expand existing retail properties and develop additional industrial space, Choice can continue growing the cash flow its portfolio generates, helping support further distribution increases over the long haul.

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Western Digital’s stock has been under pressure since June, when it peaked at $800. Since then, it has fallen more than 52% to its current price of $378, with its market capitalization shrinking from $257 billion to $141 billion. Investors are now looking to the company’s upcoming earnings report as a potential catalyst that could help improve sentiment and drive a recovery in the stock’s performance.

Western Digital’s implied volatility has jumped

WDC stock has dropped sharply in the past few months because of the ongoing weakness among companies in the memory industry. A look at all companies in the Roundhill Memory ETF (DRAM) shows that all of them have retreated by double digits from their highest levels this year.

Western Digital stock will likely experience some volatility when it releases its earnings report. The options market show that its implied volatility has jumped to 140%, more than double the historic volatility of 63%. 

Most traders in the options market expect the stock to rebound after its earnings report. The company has a put/call ratio of 0.67, a sign that there are more calls than puts. Most calls are concentrated at $400, 4.5% above the current level. On the other hand, most of the calls are at $375, a few points below where it is today.

Western Digital stock dropped by over 13% after releasing its last results. Before that, its post-earnings moves were usually muted because it was not a popular stock. 

Most recently, however, most memory stocks have remained muted after publishing their financial results. Micron remained in a tight range, even after management released a strong earnings report, which showed that its revenue jumped to $54 billion. 

Western Digital’s revenue is soaring

The upcoming earnings report is expected to show that Western Digital’s revenue continued growing in the first quarter. This growth is happening because of the artificial intelligence boom that has led to vast amounts of data being produced. 

The average estimate among analysts is that Western Digital’s revenue rose by 47% to $4.14 billion, with the most optimistic forecast being $4.27 billion. Its earnings per share is expected to soar from $1.78 in Q1 of last year to $4.08. Based on the recent earnings report, chances are that the company’s real results will be much higher than expected.

Western Digital’s management expects that its revenue growth will continue accelerating, with its gross margin rising to over 50%. Its margins are benefiting from the ongoing shift towards higher-capacity HDDs that are used in the data center industry.

The main risk that Western Digital faces is that its business may see a big supply of HDDs, especially from Chinese companies. 

WDC stock price technical analysis

Western Digital stock chart | Source: TradingView

The daily chart shows that the Western Digital stock has slumped in the past few months, falling from a high of $800 in June to the current $378. Most recently, it formed a descending channel, which is characterized by a series of lower lows and lower highs. It has also dropped below the 200-day Exponential Moving Average (EMA).

The most likely scenario is where the stock rebounds as bulls attempts to retests the upper side of the descending channel at $420. A drop below the lower side of the channel will point to more downside in the near term.

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These are volatile times. On one side, global tariffs, geopolitical uncertainty, and a move towards artificial intelligence (AI) are stagnating growth for some segments. On the other side, energy prices are surging to new highs. Canada is inviting global investments in Canadian energy, logistics, and AI infrastructure. As the largest North American oil and gas pipeline company, Enbridge (TSX: ENB) is playing an active role in this.

Down 16% and paying 5.8%

Since July, energy infrastructure stocks have seen a sharp dip as they are investing large sums in building infrastructure. The capital investment phase can be risky as a significant amount is diverted to projects which will take three to five years to generate cash flow. The company takes on the risk of building these long-gestation projects, assuming things will remain as they are now. But if the geopolitical scenario changes or the regulatory landscape reduces the company’s freedom to set prices, the return on capital will take a hit, as it did with BCE and Telus Corporation.

However, investors should cut this short-term noise and view infrastructure projects from a long-term perspective. Enbridge is not building power projects and natural gas pipelines for two to five years of cash flow. It is looking at a minimum of seven years before considering buying back equity interest in new projects from investors. Until then, existing projects will fund current dividends and new projects will pay their financing costs.

The 16% dip in Enbridge’s share presents a similar opportunity to what we saw back in October 2024. Back then, Enbridge stock fell 6–7%, and as it completed the $14 billion acquisition of three U.S. natural gas utilities, the stock surged 32% to a new 52-week high. The recent 16% dip has increased the yield to 5.8%. The upcoming third-quarter earnings on November 6 will shed some light on whether it can grow dividends in line with distributable cash flow (DCF) by 5%.

I do not expect 3% dividend growth to accelerate to 5%, considering the ongoing capital programs. Now is the right time to expand and capture market share in West Coast natural gas exports. Enbridge can monetize today’s investments for decades and grow dividends at that time.

The case for buying Enbridge now

LNG export opportunity: Enbridge has always been a dividend stock. But now it could give you 20–30% capital appreciation annually for the next three to five years as it brings new projects online. It is building Woodfibre LNG to ship more liquefied natural gas (LNG) from the Pacific West. It is also investing heavily in the expansion of the West Coast system.

Government support: Moreover, the Canadian government’s initiative to expedite approval of major infrastructure projects could help Enbridge lower the risk of delays in approval and the resulting costs. It could be a key beneficiary of Canada’s proposed Productivity Mega Deduction, which will allow businesses to deduct 100% of the cost of oil and gas pipelines. If the proposal is passed, Enbridge can claim large depreciation and significantly reduce its tax bill.

Dividend payout: At a time when major dividend stocks slashed dividends amidst rising balance sheet debt, Enbridge maintained its payout ratio at 63% in the first half of 2026. Even if the project goes over budget or energy demand slows, Enbridge has financial flexibility to pay its current dividends.

Leverage ratio: Now is the time to buy Enbridge stock despite its more than $1 trillion long-term debt. That debt is 4.5 to 5 times its adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).

Investor takeaway

If you invest $6,000 in Enbridge today, you can buy 90 shares and expect the share price to grow by 20–50% in the next three years. Moreover, you can get an annual dividend of $363.70 in 2027, which can grow to $404.80 by 2031 if Enbridge maintains 3% dividend growth.

You can grow this dividend income by using the payout to buy more Enbridge shares. Consider using a Tax-Free Savings Account (TFSA) to avoid dividend tax.

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Rolls-Royce share price has been in a strong sell-off this month and is now hovering at its lowest level since June 15. It has slumped by 16% from the year-to-date high as the company contends with several major challenges. Technicals suggest that the stock may continue falling in the near term. 

Rolls-Royce share price technicals point to more downside

The daily chart shows that Rolls-Royce stock has been in a strong sell-off in the past few months. After peaking at 1,584p in August, the stock has dropped by 16% to the current 1,331p. 

The stock has dropped below the 38.2% Fibonacci Retracement level. It has also dropped below the crucial support level of 1,405p, its lowest level on September 14. Moving below that level confirmed the bearish breakout.

Rolls-Royce has made a series of lower lows and lower highs. It has also dropped below the 200-day Exponential Moving Average (EMA), while the two lines of the MACD indicator have formed a bearish crossover. 

Therefore, the stock will likely continue falling, potentially to the key support level of 1,200p. A move above the resistance level of 1,360p will invalidate the bearish outlook.

RR stock chart | Source: TradingView

Rolls-Royce Holdings is facing major headwinds

The ongoing RR stock retreat is happening as the company faces some major headwinds. One of them is that the civil aviation sector is going through a rough patch as jet fuel prices continue rising. The average jet fuel price stands at $192.4 per barrel, up by 4.3% from a month earlier. As a result, some airlines are considering adjusting their routes, a move that may affect Rolls-Royce’s clients.

Rolls-Royce is also facing the challenge of its Saudi Arabian business, where the country has been forced to shut down some of its airports. The company counts some of the country’s airlines as clients. 

Additionally, the company’s small modular reactor (SMR) business is struggling. It has only received orders from the UK, Swedish, and Czech Republic governments. The company aims to start being profitable and free cash flow positive by 2030. It is facing competition from companies like Oklo and NuScale. 

The company’s business has also become highly overvalued, with the trailing twelve months (TTM) price-to-earnings ratio being 31.8. This multiple is much higher than the manufacturing sector average of 19. Its multiple is also higher than that of other similar companies, including firms like Safran and GE Aerospace.

Rolls-Royce stock has slumped because of profit-taking, a move that has coincided with that of other similar companies. GE Aerospacestock has slumped by over 20% from its all-time high. Safran and RTX have dropped by double digits from their peaks.

On the positive side, Rolls-Royce Holdings’ business is expected to continue growing in the coming years. The consensus estimate is that its revenue for the year will be £23.7 billion, with its profit before tax coming in at £4.086 billion. Its revenue and profits are expected to hit £28 billion and £6.16 billion, respectively. The company’s business will likely be better than these estimates as it has done in the past.

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Expensive diesel makes deliveries, farming, and construction harder to finance. For a company able to turn crude oil into fuel, though, a shortage can create a stronger selling margin. That difference explains why an energy headline can hurt household budgets while helping a refiner.

Suncor Energy (TSX: SU) gives Canadian investors exposure to that business. It produces oil, refines it, and sells fuel through Petro-Canada. The investment case is stronger when we separate what it earns from producing crude and what it earns from processing it.

Crude isn’t the finished product

A refinery buys or receives crude, processes it, and sells products such as diesel and gasoline. The useful margin depends on the difference between product prices and feedstock costs, after considering operating expenses.

More crude supply doesn’t automatically mean more diesel. The refinery has to have the right equipment, available capacity, and reliable operations. Transport costs can also prevent cheap crude from reaching a plant able to process it.

Current market coverage describes tight refined-product inventories and constraints on refinery capacity. The G7’s October energy statement also called for more refined-product production, particularly diesel. These pressures create an opportunity, but don’t establish that every refiner earns the same profit.

A simple example shows the difference. If fuel prices rise by $10 a barrel while crude input costs rise by $8, the additional gross spread is $2, before other costs. If both rise equally, the higher fuel price doesn’t create that same improvement.

Earnings evidence

Suncor reported second-quarter refinery crude throughput of 470,600 barrels a day, compared with 442,300 a year earlier. Its refining network’s stated capacity increased at the start of 2026, so the utilization percentage needs to be read alongside the actual barrels processed.

The company’s filings reported a refining and marketing gross margin of $61.50 a barrel on its specified inventory-cost basis, compared with $34.40 a year earlier. That’s about a 79% increase in that margin measure. It includes more than diesel, but it gives the fuel-market opportunity a concrete operating foundation.

At the group level, free funds flow reached $3.38 per share. This is Suncor’s adjusted cash measure after capital spending. The $0.60 quarterly dividend used about 18% of that amount, leaving substantial cash for other uses during a strong quarter.

For dividend investors, that comparison is more useful than assuming a shortage automatically guarantees the payout. Both upstream prices and downstream margins contributed to the result.

Earning income

At a recent close of $103.04, Suncor’s annualized $2.40 dividend yielded about 2.3%. A $10,000 budget bought 97 shares for $9,994.88, generating $232.80 annually at an unchanged payment.

That’s useful income, but the stock’s appeal also depends on repurchases and business performance. Management increased planned monthly share repurchases to $500 million beginning in August. Buying back shares can increase each remaining owner’s share of future earnings, provided the price paid makes sense.

The October share price was about 8 times four times the latest $3.23 adjusted quarterly earnings. That looks inexpensive on a strong-quarter comparison. It isn’t a full-year forecast, and elevated refining margins can make a cyclical business look cheaper than it would under normal conditions.

My judgment is to treat Suncor as a measured energy holding, with the dividend supported by recent cash. The main risks are outages, expensive maintenance, lower oil prices, and shrinking refining margins. An integrated model helps spread those exposures, it doesn’t remove them. Eligible shares in a Tax-Free Savings Account (TFSA) can shelter Canadian investment income and gains. Fuel shortages still make the underlying earnings uneven.

Bottom line

The diesel squeeze helps explain Suncor’s strong refining results, but cash coverage and the purchase price decide whether the shares are attractive. Recent cash comfortably covered the dividend. At the quoted price, the opportunity includes income and repurchases, with enough restraint to avoid treating unusually strong fuel margins as permanent.

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Crude oil prices continued the upward trend, reaching its highest level since May 20 as the crisis in the Middle East gained momentum. Brent, the global benchmark, rose to $110, while West Texas Intermediate (WTI) moved to $99.05, well above its July low of $67.

Iran continues to shoot ships

Brent and West Texas Intermediate continued to rise as Iran escalated tensions in the Middle East. The Iranian Revolutionary Guard Corps (IRGC) continued shooting ships attempting to cross the Strait of Hormuz last week.

Reports by the UKMTO show that this process continued during the weekend, when the corps targeted at least four ships. In total, it has shot down tens of ships in the past few weeks, and this trend will continue towards the midterm elections.

Notably, Iran has continued to fire on ships, while the Trump administration has stopped retaliating. Trump likely believes that a military response would only prompt further escalation from Tehran.

There is also a risk that Trump will escalate in the coming weeks as the US heads to the midterm elections. Some officials inside the administration suggest that escalation will lower oil prices, something that most analysts say is not accurate.

Oil prices have also jumped as the crisis between Saudi Arabia and the Houthis continue. Houthis have continued their attacks against Riyadh, pushing Mohamed bin Salman to shuttle between bunker palaces. The fear is that Houthis will use ballistic missiles and drones to target him directly. 

These events mean that oil flows from the Middle East will remain under pressure in the foreseeable future. This trend will change only when these wars end, which might not happen anytime soon. 

Trump has attempted to lower oil prices by waiving sanctions against Russia. The challenge, however, is that Russia is facing its own challenges, with Ukraine continuing to shoot refineries. 

With the relationship between Trump and Volodymyr Zelenskyy worsening, there is a likelihood that Ukraine will continue these attacks. Ukraine is said to be drawing plans for more attacks against these refineries.

Brent crude oil price technical analysis

Crude oil price chart | Source: TradingView

The daily chart shows that Brent bottomed at $58.59 in December last year and then started rising. It jumped to a high of $119 in March as the US-Iran crisis escalated. 

After bottoming at $70 in July, oil prices then rebounded to $110 on Friday. It has remained above the ascending trendline that connects the lowest swings since July. These swings connect the lowest points in July, August, and September. 

Brent has also moved above the dynamic support of the 50-day Exponential Moving Average (EMA). At the same time, the Supertrend indicator has remained in the green.

Brent has also moved above the key resistance level of $109.9, invalidating the double-top pattern. Therefore, the path of the least resistance is highly bullish, with the next target to watch being $115. A move above that level will point to more gains, potentially to $120. 

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A government deadline can sound like the end of a dispute. For Stelco (TSX: STLC) workers and investors following its U.S. owner, October 13 was more likely another step in a difficult argument over jobs, tariffs, and promises made during a takeover.

Ottawa demanded a plan explaining how Cleveland-Cliffs would honour employment commitments associated with its 2024 purchase of Stelco. Up to 500 Hamilton workers faced layoffs. The deadline is important, sure, but it doesn’t automatically reopen production lines or settle who is legally right.

A response isn’t a resolution

An October 9 letter defended the cuts by citing pressure from imports and a sharp decline in Canadian steel exports to the United States. Ottawa is examining obligations accepted when it approved a foreign acquisition. A weak market can explain why management wants to cut costs. It doesn’t, by itself, establish that a binding employment promise can be set aside.

The Investment Canada Act provides an enforcement process. Depending on the circumstances and legal findings, Ottawa can seek court orders concerning compliance and other remedies. The law includes divestiture among possible court remedies. That doesn’t make a forced sale today’s automatic outcome.

A negotiated plan could address staffing, production, or support. An unresolved disagreement could move toward enforcement. Either route still needs concrete terms. So investors shouldn’t price a political demand as if it were already a signed settlement.

The stock behind Stelco

Stelco is now part of Cleveland-Cliffs (NYSE: CLF), instead of an independent TSX investment. Buying the parent means owning a broader North American steel business, with U.S.-dollar share exposure and risks extending beyond Hamilton.

Cliffs reported second-quarter revenue of US$5.2 billion and operating cash flow of US$230 million. Its adjusted net loss was US$115 million. Sales and cash generation improved, but the company wasn’t yet earning an adjusted net profit.

Here’s the useful distinction. Operating cash flow represented about 4.4% of revenue. That cash still needed to cover investment spending and other obligations. A large revenue number doesn’t mean the same amount is available to workers, lenders, or shareholders.

For Canadians learning how to buy stocks, the parent-company distinction is important. The familiar Canadian plant name doesn’t turn CLF into a Canadian-listed security or remove currency exposure.

Considerations

The most useful development would be an agreement that explains the jobs and operating commitments while leaving a workable business. A legal confrontation introduces uncertainty about costs, production decisions, and management attention.

Even a settlement wouldn’t resolve the entire stock case. Cliffs depends on steel prices, customer demand, plant utilization, energy costs, and debt service. Tariffs can protect one market while damaging access to another. A shareholder owns those competing effects together.

My judgment is to wait for firmer operating evidence and the terms of any employment resolution before treating this as a bargain. A deadline alone provides too little information to justify a purchase.

Holding eligible shares in a Tax-Free Savings Account (TFSA) can shelter Canadian investment gains. The account cannot protect the business from a trade dispute or make an uncertain turnaround dependable.

Bottom line

Today’s deadline asks Stelco’s owner for accountability; it doesn’t guarantee an immediate rescue or a forced sale. Investors now need the substance of Ottawa’s response and a credible path from improving cash generation to lasting profits. For CLF, patience is more useful than buying the headline.

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Dell Technologies stock has pulled back sharply over the past few days, with its market capitalization falling from $375 billion earlier this month to about $300 billion today. The decline has coincided with a broader retreat among other leading AI infrastructure companies. The question now is whether the sell-off is justified or whether this is a safe opportunity to buy the dip.

Why Dell stock is falling

There are three main reasons why Dell shares are falling this month. The first is ongoing profit-taking after the stock soared to a record high of $595. That peak was up 435% from its lowest level this year and 1,872% from its lowest point in the past five years. It is common for top-performing companies and assets to pull back as investors book profits. This is in line with what we wrote here.

Second, the retreat followed a warning from Gartner that leading artificial intelligence companies will need to announce large impairments by the end of 2030. Such write-downs would affect suppliers like Dell and HP Enterprise, which provide these companies with products such as servers and memory.

Further, concerns about the AI industry are growing, with some analysts warning that the bubble will soon burst. Ray Dalio and Michael Burry have both cautioned that a burst is coming as interest rates remain elevated. The bond market is also flashing warning signs, with yields on debt from companies like Oracle and CoreWeave rising sharply.

These fears explain why other top companies in the AI space are falling. Lenovo Group stock dropped to $25.9, its lowest level since August 7 and 31% from its highest point this year. HP Enterprise dropped to $58.6, down by 20% from the year-to-date high. Other top companies like Broadcom, Oracle, and NetApp have dropped. 

Dell Technologies is doing well

Fundamentally, Dell Technologies’ business is doing well, and this trend will likely continue in the foreseeable future. For one, Gartner’s report said that AI providers are spending $1 trillion this year and another $6 trillion between 2027 and 2030. Some of these funds will go to Dell and other providers. 

The most recent results revealed that Dell’s revenue rose by 58% in the second quarter to $47 billion as the AI buildup continues. In this regard, its AI server business booked a record $60.9 billion in orders, bringing its total backlog to $95 billion.

Dell’s growth is expected to continue growing in the foreseeable future. The third-quarter revenue is expected to jump by 82% to $49 billion. Its fourth-quarter revenue will come in at $53 billion, bringing its annual figure to $193 billion. Its real figure will be much higher than that since it has consistently beaten estimates.

Analysts are moderately optimistic about the company. Barclays analysts see it rising to $574, while Mizuho sees it hitting $650. TD Cowen has a target of $550, while Daiwa Securities has a target of $625.

Dell stock price technical analysis

Dell stock chart | Source: TradingView

The daily chart shows that Dell shares have retreated in the past few days. This retreat happened after forming a double-top pattern and a neckline at $520, its lowest level on October 1. 

It has dropped below the 23.6% Fibonacci Retracement level of $480. It has slipped below the 25-day moving average. The Relative Strength Index (RSI) has continued moving downwards.

The stock is yet to hit the target of the double-top pattern. This target is calculated by subtracting the neckline from the double-top, which, in this case, is $76. One then subtracts this from the neckline, meaning that it may drop to $443. A move below that level will point to more downside towards the 38.2% retracement at $410.

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goeasy (TSX: GSY) was one of the top TSX stocks known for consistently paying and growing its dividend at a solid pace. However, its reputation as a leading dividend payer took a hit when the company suspended its dividend payouts in March 2026.

goeasy is Canada’s leading non-prime lender, offering leasing and lending products to subprime consumers.

Why goeasy suspended its dividend

For years, goeasy rewarded its shareholders with regular dividend increases. In February 2020, it joined the S&P/TSX Canadian Dividend Aristocrats Index after growing its dividend at an impressive 42% compound annual growth rate (CAGR) over the previous five years.

The non-prime lender continued that trend in February 2025, announcing a 24.8% increase in its quarterly dividend from $1.17 to $1.46 per share. It was the 11th consecutive year that goeasy had raised its dividend, solidifying its reputation as a strong income stock.

However, things took a sharp turn in March 2026. goeasy’s share price plunged after the company reported significant loan losses and faced criticism from a short-seller. Amid financial pressure, goeasy’s management announced it would suspend its quarterly dividend.

The financial services company reported approximately $331 million in net charge-offs for Q4, largely due to troubled auto and powersports loans in its LendCare division, which it acquired in 2021. These losses pressured its financial performance and forced management to suspend dividend payments.

goeasy is now focused on strengthening its business and improving its financial position. The company is concentrating more on easyfinancial’s unsecured and home equity lending businesses while reducing auto and powersports lending through LendCare’s merchant network. It also intends to bring easyfinancial and LendCare under a unified operating model, improve efficiency, and strengthen LendCare’s leadership. These changes are expected to generate around $30 million in annual cost savings.

What lies ahead for goeasy’s dividend?

goeasy is currently focused on improving its liquidity and getting its credit performance back on track. As management is working to stabilize the business, the company’s dividend remains suspended. Given the challenges it faces, shareholders may have to wait some time before dividend payments resume.

For the third quarter, goeasy expects gross consumer loans to range between $4.8 billion and $5 billion, down from $5.4 billion in the same period last year. This decline in its loan portfolio, along with a lower overall yield on consumer loans, could put pressure on both revenue and earnings.

The company’s annualized loan yield is taking a hit from higher credit loss allowances affecting interest receivable, tighter lending through merchant partners, and a modest slowdown in loans issued directly to consumers.

goeasy’s profitability is likely to face further near-term challenges. Lower yields on consumer loans, continued credit losses, and higher borrowing costs could weigh on adjusted operating income and overall earnings.

Taken together, these factors suggest goeasy may need more time to recover before it can consider resuming its dividend. For now, the company’s priority appears to be strengthening its balance sheet, managing credit risk, and restoring the stability of its lending business. Until its financial performance improves, investors should not expect dividend payments to resume in the near future.

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Crude oil prices held steady on Wednesday as concerns about the escalating crisis in the Middle East continued. Brent, the top benchmark, rose to $107, while the West Texas Intermediate (WTI) moved to $95. This rally may continue as Iran continues shooting tankers crossing the Strait of Hormuz. 

IRGC continues to shoot ships at the Strait of Hormuz

Brent and West Texas Intermediate (WTI) held steady as investors reacted to the ongoing events in the Middle East. Iran’s IRGC has intensified its attacks on tankers crossing the Strait of Hormuz. According to the UKMTO, the IRGC struck two ships on Tuesday after hitting four a day earlier. The actual number of attacks may be higher than reported.

The ongoing attacks mean that oil flows through the Strait of Hormuz will likely remain under pressure in the coming weeks. There is also a risk that Iran will deliver an “October Surprise” by launching more attacks on key US targets to lift oil prices ahead of the midterm elections.

READ MORE: Paul Tudor Jones says oil prices have likely not peaked yet

Crude oil prices are also reacting to the ongoing events in Saudi Arabia, where the conflict with Houthis has continued to escalate. The two sides have continued to launch fire against each other, with Houthis targeting Saudi Arabian oil facilities. They even launched attacks against Saudi Arabia’s Aramco headquarters, the biggest oil company in the world. In a statement, the energy ministry said that the strike caused a limited fire in the complex. 

Prices are also reacting to the ongoing Ukraine-Russia crisis. The two sides continued launching attacks against each other, even after President Trump announced his “energy ceasefire” between the two countries. 

Taken together, all these events will have an impact on global oil supplies at a time when demand remains elevated. Inventories in the US and other countries has continued to fall this year, a trend that will accelerate as they release more oil from their reserves. 

Crude oil price technical analysis

Brent crude oil price chart | Source: TradingView

The daily chart shows that Brent, the global benchmark, bottomed at $70 in July and then crawled back to a high of $109.96 in September. It then pulled back to $95 on September 30th. 

Oil has remained above the ascending trendline that links the lowest levels since July 1. Most notably, it has been supported by the 50-day Exponential Moving Average (EMA), which has provided it with a strong dynamic support. 

The Relative Strength Index (RSI) has also continued rising, a sign that it is gaining momentum. Therefore, the price will continue rising as bulls target the key resistance level of $109.96, its September highs. A move above that level will point to more gains towards the resistance level of $110, followed by the year-to-date high of $119.

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