Why utility stocks, which normally suffer during rate hikes, are some of the TSX's top performers - The Globe and Mail
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7/12/2022 12:00:00 AM2 years 9 months ago
by David Milstead
by David Milstead
A conventional relationship is breaking down as investors seek safety in defensive industries
Hydro One Ltd. is on a tear.Darren Calabrese/The Canadian Press The conventional wisdom is that when interest rates go up, utility stocks go down, but with the Bank of Canada continuing an aggressiv… [+4057 chars]
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