Business · Markets · 2 days ago

Emera’s planned merger faces pressure from rising bond yields

Emera’s planned merger faces pressure from rising bond yields

Emera says joining with Canadian Utilities would create a larger energy company.

But rising bond yields make it more expensive for companies to borrow and can make dividend-paying stocks less attractive.

That pressure has helped push down utility shares, including Emera’s.

Investors may be cautious about the deal while bond yields and the companies’ valuations remain uncertain.

Sources

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