SOUTH BOW CORP., $34.03, Toronto symbol SOBO, is a hold. On October 1, 2024, TC Energy Corp. (Toronto symbol TRP) completed the spinoff of its oil pipeline business as separate company South Bow. Investors received 0.2 of a South Bow share for every TC share they held. They will not be liable for capital gains taxes until they sell their new shares. This new firm operates a 4,900-kilometre pipeline network that pumps crude oil from Alberta to refineries in Illinois, Oklahoma and the U.S. Gulf Coast. That network includes the Keystone pipeline, which ships about 20% of Western Canadian oil to the U.S. South Bow pays a quarterly dividend of $0.50 U.S. a share. The annual rate of $2.00 U.S. yields a very high 8.1%. The company has now re-started its Keystone pipeline after shutting it down last week due to a rupture in North Dakota that spilled 3,500 barrels of oil in a rural area. It’s unlikely that the shutdown will force South Bow…