The Globe and Mail reports in its Saturday edition that the goodness of blue chip dividend stocks has its limits. The Globe's Rob Carrick writes in the Portfolio Strategy column that utility stocks, consumer staples, pipelines, telecoms and real estate investment trusts have all weakened over the past month, even while the broader market has been flat. With the bond market signalling an expectation of rising interest rates, the five-year rally for steady blue-chip dividend payers has stalled. Should you be scared if you own a lot of these stocks? Baskin Financial Services president David Baskin has a two-pronged answer: Keep your top-quality dividend stocks, but be prepared to follow his firm's example in trimming holdings in stocks such as TransCanada, Keyera and Pembina Pipeline. Mr. Baskin believes the sell-off of dividend stocks was excessive, but unsurprising at a time when bond yields have surged higher. Mr. Baskin's firm owns a bit of Magna International and some lumber companies to participate in the United States housing rebound. But Mr. Baskin is not moving into resource stocks in a big way until it is much clearer that the economy is strong.