Canadian real estate, utility sectors ride rate cuts to market-beating gains

The real estate sector of the TSX has gained eight per cent in the past three months. The real estate and utilities sectors of the Toronto Stock Exchange have been enjoying a rebound with the onset of some interest rate relief, recently outperforming not only the TSX Composite Index itself but also the S&P 500.

Over the same period, the TSX has gone up around 10 per cent.

In the past three months, however, the fortunes of the rate-sensitive sectors showed positive signs in line with the first two Bank of Canada cuts — Kavcic points out that Canadian REITs, which make up the bulk of the real estate sector, have gained eight per cent, while the utility sector as a whole has climbed 10 per cent. The TSX Composite has risen 3.8 per cent in that time, while the S&P 500 has advanced seven per cent.

PHILADELPHIA — The New York Yankees acquired right-hander Mark Leiter Jr. from the Cubs on Tuesday to bolster their bullpen, sending right-hander Jack Neely and infielder Ben Cowles to Chicago.FORT WORTH, Texas — A Texas woman who prosecutors said helped a radio show host bilk elderly listeners out of millions of dollars was sentenced Tuesday to life in prison.

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