Thursday, March 23, 2006

Marginal utilities

The poorest performing TSX sector in the first quarter of 2006 has been the utilities. The 13-week Stock Trends RSI for the S&P/TSX Utilities Index is 86. This sub-market performance relates significantly to the rising interest rate environment. Indicative of the weakness is the performance of TransAlta (TA-T), Fortis (FTS-T), and Canadian Utilities (CU.NV-T).
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