canadian utilities
SUNCOR ENERGY INC., $39.32, Toronto symbol SU, is a buy.
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the June 2022 payment, Suncor increased your quarterly dividend by 11.9%....
The company is Canada’s largest integrated oil firm, with major projects in the Alberta oil sands. Suncor also operates four refineries (three in Canada and one in Colorado), along with 1,875 Petro-Canada gas stations.
With the June 2022 payment, Suncor increased your quarterly dividend by 11.9%....
OVINTIV INC., $55.74, Toronto symbol OVV, is a buy for long-term gains.
In 2020, Ovintiv became a U.S. company and changed its name from Encana Corp. (old symbol ECA). At the same time, investors received one share of Ovintiv for every five Encana shares they held....
In 2020, Ovintiv became a U.S. company and changed its name from Encana Corp. (old symbol ECA). At the same time, investors received one share of Ovintiv for every five Encana shares they held....
Rising interest rates are generally bad news for utility stocks, as they increase their borrowing costs at the same time they make bonds more attractive to investors who might otherwise invest in utilities. However, steady cash flows from Canadian Utilities’ regulated businesses will let it and parent company ATCO keep raising your dividends.
CANADIAN UTILITIES LTD....
CANADIAN UTILITIES LTD....
Aggressive talk of further interest rate increases by the U.S. Federal Reserve Chairman Jerome Powell contributed to the big drop for stock markets in April. Rising inflation is the main reason that the Fed plans to keep raising rates.
Growth stocks, especially those with only remote prospects of near-term profits, came under considerable pressure....
Growth stocks, especially those with only remote prospects of near-term profits, came under considerable pressure....
Utilities could suffer more than other sectors as interest rates further rise. That’s because they have a lot of debt, and higher rates make it more expensive to raise money and refinance existing debt. As well, their shares, which typically offer high yields, compete with fixed-income instruments for investor interest.
Still, holding a stake in this sector is an important part of a well-balanced portfolio....
Still, holding a stake in this sector is an important part of a well-balanced portfolio....
The Bank of Canada recently raised its benchmark interest rate, from 0.5% to 1.0%, in response to rising inflation. It also signalled more hikes are likely in the coming months.
Generally, rising interest rates are bad news for high-yielding utility stocks, such as the three we analyze below....
Generally, rising interest rates are bad news for high-yielding utility stocks, such as the three we analyze below....
METRO INC., $69.82, Toronto symbol MRU, remains a buy.
The company operates 950 grocery stores and 650 drugstores, in Quebec, Ontario and New Brunswick.
To offset rising costs for labour and the impact of COVID-19 on its supply chains, Metro continues to raise its selling prices.
In the company’s fiscal 2022 second quarter, ended March 12, 2022, its overall sales rose 1.9%, to $4.27 billion from $4.19 billion a year earlier....
The company operates 950 grocery stores and 650 drugstores, in Quebec, Ontario and New Brunswick.
To offset rising costs for labour and the impact of COVID-19 on its supply chains, Metro continues to raise its selling prices.
In the company’s fiscal 2022 second quarter, ended March 12, 2022, its overall sales rose 1.9%, to $4.27 billion from $4.19 billion a year earlier....
ROYAL BANK OF CANADA, $140.37, Toronto symbol RY, is a buy.
Royal continues to benefit from higher loan demand from consumers and businesses as the economy recovers from COVID-19 lockdowns. Rising stock markets also boosted results at its wealth management division.
In the bank’s first quarter of fiscal 2022, ended January 31, 2022, earnings rose 6.4%, to $4.10 billion from $3.85 billion....
Royal continues to benefit from higher loan demand from consumers and businesses as the economy recovers from COVID-19 lockdowns. Rising stock markets also boosted results at its wealth management division.
In the bank’s first quarter of fiscal 2022, ended January 31, 2022, earnings rose 6.4%, to $4.10 billion from $3.85 billion....
Canadian Utilities and its parent ATCO have some of the longest track records among Canadian stocks for annual dividend increases. That’s because each taps the same high-quality utilities. ATCO also offers you a way to buy those assets at a discount.
CANADIAN UTILITIES LTD....
CANADIAN UTILITIES LTD. (class A non-voting) is a buy.
The company (Toronto symbols CU [class A non-voting] $35.70 and CU.X [class B voting] $35.82) distributes electricity and natural gas in Alberta and Australia. It also has 5 power plants—1 in Canada, 2 in Australia and 2 in Mexico....
The company (Toronto symbols CU [class A non-voting] $35.70 and CU.X [class B voting] $35.82) distributes electricity and natural gas in Alberta and Australia. It also has 5 power plants—1 in Canada, 2 in Australia and 2 in Mexico....