Today, Douglas Kee commented about whether FTS-T, CNR-T, TD-T, NTR-T, BIP.UN-T, RCI.B-T, TD-T, NPI-T, MFC-T, CCO-T, IPL-T, ENB-T, BMO-T, WCN-T, CPG-T, H-T, BNS-T, RBA-T, TECK.B-T, HBC-T, AQN-T, SJR.B-T, CNQ-T, PWF-T, MSI-T, ALA-T are stocks to buy or sell.
Scotia had good earnings. Their Canadian side fine and wealth management is growing. International side is coming back nicely after a tough period in 2008-9. There's some concern with their Mexican bank because of NAFTA troubles, but Scotia should overcome this. They will continue to grow their dividend.
Holds Fortis and Northland Power instead. Hydro One's dividend is safe and will increase. Yes, they are expanding in the States, but they are beholden to the Ontario regulator. So one bad call from this regulator and they're in trouble. Stick with it if you own it. They're challenged like all utilities due to interest rates rising.
Bank of Canada not changing interest rates today We started the year thinking the BoC will follow the Fed's three rate hikes, but now we think one or two. The reason is that our economy is slowing quickly. Consumer debt is high, while new mortgage regulations are coming in and will effect the housing market.
A core position for him. Enbridge will continue to be good with dividend increases for at least three more years at 8-10% annually. They made a big U.S. acquisition, so funding that has been problematic. They have to sell asets, but they've been slow to. Basically, they need a lot of cash. DRIP, issuing preferreds and hybrids help cash flow, but they still need to do $3-4 billion in asset sales. Definitely hold, though you could buy a little more here if you have a small position
Down from $1.50 from $14.50 peak. Good company with good growth, including a fine dividend. Fine assets. In the final stages of a U.S. acqusition. Well-diversified.