2 Utility Stocks That Benefit From Interest Rate Cuts [Yahoo! Finance Canada]
Brookfield Infrastructure Partners LP Limited Partnership Units (BIP)
Last brookfield infrastructure partners lp limited partnership units earnings: 2/10 06:44 am
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Source: Yahoo! Finance Canada
After raising the policy interest rate to 5% in July 2023 and keeping it flat for some time, the Bank of Canada finally cut it by 0.25%. How does this cut affect utilities that typically have large debt levels on their balance sheet? There won't be an immediate effect. But if further cuts occur – say, if the Bank of Canada brings the current 4.75% policy interest rate to 4% over time – eventually, it will lead to lower interest costs for new and refinanced debt. Thus, utilities will face meaningfully lower interest expenses. The impact depends on the amount of the interest cut and how quickly it occurs. Generally, interest rate cuts should lower the cost of capital for utilities, which finance a good portion of their assets with debt. So, undervalued and reasonably valued utility stocks are good considerations for a scenario with further interest rate cuts as they could benefit from a healthy rise in their share prices. ADVERTISEMENT Here are some of the utility stocks that h
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- Brookfield Infrastructure Partners L.P. (NYSE: BIP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- 8/1/24 - Beat
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Sec Filings
- 8/9/24 - Form 6-K
- BIP's page on the SEC website