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Utilities output also probably slipped in April, having been up on below-normal temperatures earlier in the year.
Utilities output also probably slipped in April, having been up on below-normal temperatures earlier in the year.
(SIPHIWE SIBEKO/Reuters)

Desjardins: Utilities will do just fine in 2014 and this is the one to buy

The threat of rising interest rates this year isn’t exactly the kind of environment that utility stocks, which tend to carry a high debt load, shine in.

But Desjardins Securities analyst Jeremy Rosenfield thinks there’s little reason for investors to start ditching holdings in a sector known for its reliable income and stable - albeit unspectacular - growth.