The Globe and Mail reports in its Tuesday, April 8, edition that last week, even as major indexes suffered their deepest declines since the early days of the COVID-19 pandemic, many utilities continued to rise in price. The Globe's John Heinzl writes that the gains were on top of solid price increases in the first quarter, when Emera advanced 12.8 per cent, Fortis rose 9.7 per cent, Hydro One added 9.3 per cent and Canadian Utilities gained 6.2 per cent. Utilities were swept lower early in Monday's trading, but they are still holding on to solid gains for the year as investors look for relatively low-risk options. "Stable, economically resilient regulated utilities are attracting capital," analysts at CIBC Capital Markets said in a recent note to clients. CIBC cited economic and geopolitical uncertainty, utilities' strong fourth quarter results, generally encouraging regulatory and growth outlooks, and minimal direct impact from tariffs. "Defensive names like [Hydro One] and [Fortis] should also perform relatively well given current sentiment," the CIBC analysts said. BMO Capital Markets analyst Ben Pham says, "We believe the market is growing increasingly positive on Fortis's ability to deliver growth upside."