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Canadian utilities are experiencing modest dividend growth, driven by various catalysts. The sector is characterized by stable cash flows, regulated returns, and a low-risk profile, making it attractive to income-seeking investors. Companies such as Fortis, Canadian Utilities, and Emera are among the key players in the industry. The modest growth is attributed to factors such as rate base expansion, cost savings, and strategic acquisitions. For instance, Fortis has a planned capital expenditure of $18.8 billion from 2022 to 2026, which is expected to drive growth. The Canadian utility sector is also benefiting from the country's commitment to renewable energy and energy efficiency. As a result, investors can expect dividend growth in the range of 4-6% annually, providing a relatively stable source of income. The sector's stability and growth prospects make it an attractive option for investors seeking predictable returns in a low-interest-rate environment. Overall, Canadian utilities offer a compelling investment opportunity, driven by a combination of regulatory support, strategic investments, and a growing demand for renewable energy.