4min chapter

The Canadian Investor cover image

Canadian Banks Set More Aside for Bad loans

The Canadian Investor

CHAPTER

Challenges Facing Algonquin Power Amid Strategic Changes

This chapter explores Algonquin Power's decision to sell its renewable power business for $2.5 billion, aimed at enhancing its financial stability and transitioning to a regulated utility model. The speakers assess the impact of rising interest rates and floating rate debt on Algonquin's financial health compared to other utility companies.

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