tickers_global.tsx-umax

With the Bank of Canada delivering two jumbo 50-basis-point (0.5%) rate cuts in 2024 to rescue our floundering economy and bail out the federal government’s reckless fiscal decisions, Canadian utility stocks might be catching your eye. Beyond their defensive, non-cyclical, low-beta nature—making them perfect for recessions—utilities are also typically heavily indebted, for good reason. Thus,…