16:49:38 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2023-10-27 C$ 46.95
Market Cap C$ 48,710,053,572
Recent Sedar Documents

Globe says BCE, others are trading at a juicy price

2023-10-27 08:34 ET - In the News

See In the News (C-BCE) BCE Inc (2)

The Globe and Mail attempts to identify well-priced, high-yielding stocks poised to gain as the Bank of Canada keeps its benchmark interest rate steady in its Friday, Oct. 27, edition. The Globe's guest columnist Scott Clayton writes in the Number Cruncher column that he believes the BOC's two-year monetary-tightening campaign has finally come to an end. That is good news for financial-sector stocks, which have seen their share prices fall on fears of surging loan defaults resulting from climbing interest rates. Higher rates also affected utilities. Historically, their high debt loads are compounded by any central bank move to nudge interest rates upward. Mr. Clayton believes now is a good time to pick up top-quality financial and utility stocks given their current cheap valuations and high yields -- also their strong prospects for growth on cooling interest rates. Mr. Clayton says his search began with an extensive list of dividend-paying Canadian financials and utilities. He then applied a proprietary rating system to home in on those offering high, sustainable yields. His six bargain-priced stock are Enbridge, TC Energy, BCE, Telus, Toronto-Dominion Bank and Bank of Nova Scotia.

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