Weekly Price Changes July 14-21, 2017
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The latest cycle of rising interest rates appears to be losing momentum. This is based on our universe of 360 preferred shares. This week's update focuses on preferred shares, including why this is an accurate indicator useful for tracking investor expectations regarding interest rates. This along with recommendations for each of the three categories of preferred shares is provided.
Updates include Russel Metals Inc. (RUS), H&R REIT (HR.UN), Pattern Energy Group(PGEI) and Crius Energy Trust(KWH.UN).
Russel Metals Inc. is a wholesale and retail supplier of metal products in North America. Financial results improved considerably in the first half from increased demand for drilling pipe in the energy services sector. Industry forecasts are for steel demand to increase by 1-2% annually from a steadily improving economy. Russel Steel pays a steady dividend currently yielding 5.8% for income.
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