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  5. BEI.UN: I had asked a question about boardwalk selling off recently and you mentioned oil price sensitivity in Alberta and while it has sold off slightly more than peers the entire group has gotten crushed... [Boardwalk Real Estate Investment Trust]
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Q: I had asked a question about boardwalk selling off recently and you mentioned oil price sensitivity in Alberta and while it has sold off slightly more than peers the entire group has gotten crushed pretty much straight down for the past 6 weeks despite rates trending down (probably at or more than expected) in Canada. Why are these names selling off? I don’t get it. Thanks
Asked by Scott on November 05, 2024
5i Research Answer:

Though the Bank of Canada has now cut rates four times (1.25% total), MARKET rates have risen, and the yield curve has shifted. This has negatively impacted many income stocks. For residential REITs, Canada's immigration shift (less) is also a concern for investors. Canada's population is now expected to decline for a couple of years, and this of course impacts housing demand. 

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