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Utilities provide key necessities such as electricity, gas and water. Given the large capital costs to establish these services and the regulated nature of the businesses, utilities typically face limited or no competition in most jurisdictions.
At the same time, though, the share prices of utility companies are generally hurt in a rising interest rate environment for two reasons: first, utilities overall carry high levels of debt and their interest costs will likely go up as rates rise; second, dividend investors may find rising yields on fixed-income instruments more appealing when compared to the dividend yields on utility companies.
However, the main attraction of utilities remains their secure and steady growth provided by long-term contracts with energy regulators....
At the same time, though, the share prices of utility companies are generally hurt in a rising interest rate environment for two reasons: first, utilities overall carry high levels of debt and their interest costs will likely go up as rates rise; second, dividend investors may find rising yields on fixed-income instruments more appealing when compared to the dividend yields on utility companies.
However, the main attraction of utilities remains their secure and steady growth provided by long-term contracts with energy regulators....
Due to concerns about a possible U.S. debt default, inflation, and rising interest rates, U.S. equity markets moved up only slightly in May. However, the Canadian market fell back as lower energy and commodity prices weighed on producers.
The volatile U.S....
The volatile U.S....
This month we highlight a new ETF from Roundhill Financial that invests in companies at the forefront of developing artificial intelligence (AI) products and services. We also look at an enhanced dividend fund from TD Bank.
Roundhill Financial launched the GENERATIVE AI ETF $27.72 (New York symbol CHAT) on May 18, 2023....
Roundhill Financial launched the GENERATIVE AI ETF $27.72 (New York symbol CHAT) on May 18, 2023....
Rising interest rates boost bond yields and their appeal with investors. Conversely, rising rates can hurt the appeal of high-yield utilities, and their shares, since those companies must pay higher interest on their debt. Still, top utilities remain financially healthy and continue to expand and pay dividends....
The shares of CIBC are down 19% in the past year on fears that a slowing economy will lead to big loan writedowns. However, the tougher new lending standards and stress-tests that the federal government brought in following the 2008 financial crisis help cut that risk....
CANADIAN NATIONAL RAILWAY CO. $156 is a buy. The company (Toronto symbol CNR; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 662.4 million; Market cap: $103.3 billion; Price-to-sales ratio: 5.9; Dividend yield: 2.0%; TSINetwork Rating: Above Average; www.cn.ca) operates Canada’s largest railway....
ROYAL BANK OF CANADA, $124.06, Toronto symbol RY, is a buy.
Canada’s largest bank by market capitalization is raising your quarterly dividend by 2.3%. Starting with the August 2023 payment, investors will receive $1.35 a share instead of $1.32....
Canada’s largest bank by market capitalization is raising your quarterly dividend by 2.3%. Starting with the August 2023 payment, investors will receive $1.35 a share instead of $1.32....
HP INC., $30.55, New York symbol HPQ, is a hold.
Demand for the company’s personal computers and printers jumped during COVID-19 lockdowns due to the shift to remote work and learning. However, sales continue to drop as the pandemic eases.
In HP’s fiscal 2023 second quarter, ended April 30, 2023, revenue fell 21.7%, to $12.91 billion from $16.49 billion a year earlier....
Demand for the company’s personal computers and printers jumped during COVID-19 lockdowns due to the shift to remote work and learning. However, sales continue to drop as the pandemic eases.
In HP’s fiscal 2023 second quarter, ended April 30, 2023, revenue fell 21.7%, to $12.91 billion from $16.49 billion a year earlier....
CAE INC., $28.80, Toronto symbol CAE, remains a buy for long-term gains.
The company is a leading maker of flight simulators for commercial and military aircraft. It also operates pilot-training schools in over 35 countries and makes mannequins and other medical-simulators for training health professionals.
CAE continues to gain as air travel volumes return to pre-pandemic levels....
The company is a leading maker of flight simulators for commercial and military aircraft. It also operates pilot-training schools in over 35 countries and makes mannequins and other medical-simulators for training health professionals.
CAE continues to gain as air travel volumes return to pre-pandemic levels....
PEMBINA PIPELINE, $41.10, is a buy. The company (Toronto symbol PPL; Shares outstanding: 550.3 million; Market cap: $22.9 billion; TSINetwork Rating: Average; Dividend yield: 6.4%; www.pembina.com) last increased its dividend by 3.6% with the October 2022 payment....