Robert Gill, a senior vice president and portfolio manager at Goodreid Investment Counsel, shares his insights on investing in Canadian equities compared to U.S. equities. During an interview on The Market Online, Gill discusses his perspective on the attractiveness of the TSX over the S&P 500 in the current market conditions.
Gill emphasizes that historical data dating back to the 1980s supports the notion that the TSX offers a more favorable rate compared to the S&P 500. He also highlights the higher dividend yield of the TSX index at around 3.2% as opposed to the S&P 500’s lower yield of 1.4%.
Furthermore, Gill provides actionable investment ideas in Canada, particularly favoring interest-sensitive stocks such as banks, utilities, and telecommunication companies. He explains that the shift towards fixed income in a rising rate environment makes these stocks appealing for investors.
Specifically, Gill mentions his liking for BCE Inc. despite recent share price drops attributed to its sensitivity to interest rates and industry developments such as the Rogers acquisition of Shaw. He acknowledges regulatory challenges faced by BCE and its competitors but points to the company’s strong balance sheet and reliable revenue stream as key strengths.
Additionally, Gill discusses the importance of communication and entertainment services provided by BCE, highlighting the company’s resilience and value proposition in the market. BCE Inc. was last seen trading at C$35.04.
For more information on BCE and other investment insights, readers can visit Goodreid.com’s blog. It’s essential to stay informed on the latest stock market news and trends via platforms like Stockhouse.com. It’s important to note that the information provided in this article is for informational purposes only and should not be construed as investment advice. For full disclaimer information, please refer to The Market Online’s disclaimer page.
