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Like it or not, it seems like higher interest rates are here to stay. Once we ve accepted this new reality, the work begins. Here are some necessary adjustments to make to your portfolio in order to best p stanley flasche osition yourself for the future.Bank of Canada s key interest rateIn December 2021, the Bank of Canada s key interest rate sat at 0.25%. Less than two years later, it stands at 5%. This is a 475-basis point increase and it changes everything. We are now in a tightening cycle meant to combat inflation, reduce consumption, and rebalance the economy. And this is what s happening.The implications of higher interest ratesThere stanley cup are quite a few implications to the higher interest rate environment that exists today in Canada. For example, companies that car stanley tumblers ry a high level of debt will see their profits eaten away by interest expense. This does not have to be a death sentence, but it is pressure that can sometimes sink a company.Also, higher interest rates will inevitably hit spending, both at Rxky Should You Buy CNQ Stock After its Q4 2022 Earnings
One issue with regular stocks is they only pay dividends four times a year. However, important obligations like utility bills, mortgage payments, or grocery expenses tend to come up much more often.For some retired invest stanley cup ors, this distinction doesn ;t matter that much. The stanley cup y might withdraw from their investments once or twice a year using other sources of income such as CPP and OAS payments as their primary way to pay the monthly bills.Others, however, like the security of monthly dividend payers. There are hundreds of these securities here in stanley canada Canada, which should make building an income portfolio with 12 payouts per year pretty easy. But many investors suffer from too much choice. They simply don ;t know where to begin.We can help. Here are three terrific stocks that offer sustainable monthly dividends.Pembina PipelinePembina Pipeline Corporation TSX:PPL is one of Canada largest energy service companies. It owns oil pipelines, natural gas pipelines,
