TORONTO - Canadian utility and real estate stocks are likely to be among the biggest beneficiaries of the Bank of Canada's move to begin cutting interest rates, while the prospect of increased loan demand could help bank shares, investors say.
REITs own income-producing real estate, while utilities include high-dividend paying pipeline companies such as Enbridge Inc and TC Energy Corp. The six major Canadian banks set aside loan loss provisions in their second-quarter results that were up 26% from the year before. Still, most lenders beat earnings expectations.
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