Power Producers Extend Canada Loss Streak as Bond Yields Pop
Power Producers Extend Canada Loss Streak as Bond Yields Pop Bloomberg 2/25/2021 Michael Bellusci (Bloomberg) -- Some of 2020’s top performing stocks in Canada have lost some luster as bond yields grind higher and recent power woes in Texas add to the drag. Canada’s utility stocks have fallen for 13 straight sessions, their longest losing streak on record. Rising yields on bonds reduce the attractiveness of utilities as a safe-haven for dividend-oriented investors. The “dramatic” spike in bond yields has been the primary culprit for the sector’s weakness, said Chri...
Source: msn.com