1 Stock to Buy if the Bank of Canada Keeps Cutting Rates [Yahoo! Finance Canada]
Brookfield Property Partners L.P. - 6.50% Class A Cumulative Redeemable Perpetual Preferred Units (BPYPP)
Company Research
Source: Yahoo! Finance Canada
Having cut interest rates twice already, it's expected to make another important rate decision in September. When interest rates go down, the values of stocks should theoretically go up. It doesn't always work out that way — sometimes stocks are priced in advance, assuming future interest rate moves, which results in an actual interest rate cut having less of an effect than you'd imagine. Nevertheless, some companies are so rate-sensitive that they do respond to interest rate moves directly. In this article, I will explore one such stock that could be a buy if the Bank of Canada keeps cutting rates. Brookfield Brookfield TSX:BN ) is exactly the type of stock that would gain if interest rates keep falling. The company has a very heavy amount of debt — about $335 billion worth, to be precise. Only a small $14 billion chunk of that is held at the corporate level — the rest is either property-specific or held at partially owned subsidiaries. The way Brookfield manages its debt helps a
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