Rates Are Going Up. Are Canadian Dividend Stocks Still Safe?

In a world of higher rates, stubborn inflation and expensive U.S. stocks, Canada just might be your safest bet.

Ryan Bushell, CEO & Portfolio Manager at Newhaven Asset Management, invests in Canadian dividend-paying companies—and his portfolio is up 18% so far this year. He joins Amber to explain why he thinks Canada is well positioned in this environment, why infrastructure and energy remain at the heart of his portfolio, and why he sees little reason to chase the U.S. market at current valuations.

In the Mailbag, Ryan tackles one of the market’s most beaten-down dividend stocks, TELUS (T.TO), and explains why he’s sticking with it despite the selloff. He also weighs in on Aecon (ARE.TO), WSP Global (WSP.TO), Dollarama (DOL.TO), Canadian REITs and CCL Industries (CCL.B.TO)—including which names he owns, which ones he’s watching and what would finally make him buy.

Plus, we check in on Ryan’s past Pro Picks: Pembina Pipeline (PPL.TO), Brookfield Infrastructure Partners (BIP.UN.TO) and ARC Resources (ARX.TO), which was acquired by Shell (SHEL). Ryan explains why he still sees more opportunity ahead for Pembina, why he likes Brookfield Infrastructure after its recent pullback, and why ARC’s takeover was bittersweet—delivering a gain, but taking away a company he would have been happy to own for decades. Then he reveals his latest Pro Picks: Tourmaline Oil (TOU.TO), Enbridge (ENB.TO) and AltaGas (ALA.TO), three companies positioned around his conviction that Canada has a much bigger role to play supplying energy to the world.

Timestamps

00:00 Trailer

02:26 Intro

03:53 Rising Interest Rates and Dividend Stocks

04:29 How Tech Debt Is Pushing Rates Higher

06:06 Could the US 10-Year Treasury Pass 5%?

07:21 Why Canada Still Looks Attractive

08:29 The Strategy Behind the Outperformance