FidelityConnects Fidelity Canada
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Connecting you to the world of investments to help you stay ahead. Expand your investing horizons with access to experts when you need them. Listen to FidelityConnects podcasts on the go, anytime, anywhere! Also, visit www.fidelity.ca to register for live interactive webcasts.
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Building blocks: Industrials and materials – Claire Fleming and Robert Reynolds
Today on the show, we welcome equity research analysts Robert Reynolds and Claire Fleming. They break down what’s shaping the industrials and materials sectors, and what’s on their radar as we head into the second quarter. Robert and Claire provide an update on the copper supply story, explaining that there have been significant changes in the outlook since November of last year. Concerns were previously focused on how higher interest rates might impact demand in areas such as renewables and electric vehicles, although the biggest change has been in the supply outlook. This has caused challenges to sprout across the globe, which could eventually impact benchmark commodity prices. In regards to the materials sector, Claire and Robert cover a wide range of industries such as copper miners, forest products, coal, and chemicals companies. The packaging sector in particular has recently undergone changes that are independent of consumer behaviour. They add consumer Packaged Goods companies are refocusing on volume growth as inflation-driven pricing growth starts to fade away.
Recorded on March 22nd, 2024.
At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.
For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.
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April 2024 Bank of Canada reaction – Don Drummond, Economist
The Bank of Canada held the key interest rate at 5% in the April 10th announcement. Inflation is slowing and Tiff Macklem, Governor of the BOC tipped that a June rate cut may be “within the realm of possibilities”. Joining host Pamela Ritchie for a special interview today to is Don Drummond, former TD Bank Chief Economist, who will breaks down what this latest Bank of Canada decision means for inflation, industry trends and financial markets.
Recorded on April 11, 2024.
At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.
For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study. -
Jurrien Timmer's global macro view – April 8, 2024
Today on the show, we welcome back Director of Global Macro Jurrien Timmer for his weekly market perspectives. He discusses market trends, bond performance, and investment strategies. Timmer notes that the market has been driven by liquidity, with the Fed’s balance sheet and Treasury cash balances affecting the repo market and causing knock-on effects for the stock market. He discusses the shift in power from monetary dominance to fiscal dominance, with bonds experiencing a regime change. Timmer suggests that investors should focus on diversification by investing in uncorrelated assets. He argues that Gold is a play in fiscal dominance, as a monetary base growth is rising despite the Fed tightening. He also predicts that debt service will become inflationary as real rates turn positive, which Gold is responding to. He also notes earnings growth is driving market optimism, reducing the need for Fed rate cuts. He also expresses that the Fed is aware of past policy mistakes and is currently leaning against fiscal dominance. So ,when they may cut rates is still up in the air as the optimism for several rate cuts diminishes.
Recorded on April 8, 2024.
At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.
For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study. -
U.S. Federal Reserve and spring 2024 market impact – David Tulk
In March the U.S. Federal Reserve held rates steady and Fed Chair Powell commented that the Fed could reduce rates despite strong job numbers. All of these coulds and mights were all still in the narrative, and with markets generally rising and rates remaining pretty steady for longer than some thought, how do some of these changing market conditions and narratives impact asset allocation decision making? We’re joined today by portfolio manager David Tulk of Fidelity’s global asset allocation team, to speak about the Fed, global markets, Fidelity managed portfolios, and more. David sits down with host Pamela Ritchie.
Recorded on March 21st, 2024
At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.
For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study. -
Denise Chisholm's sector and factor perspectives – March 14, 2024
Today on the show, we welcome Director of Quantitative Market Strategy, Denise Chisholm with her monthly sector watch commentary. In this episode, Denise discusses this year’s presidential election and its impact on the economy, inflation and potential federal rate cuts, what sectors are on her radar. Denise says volatility in inflation is expected to continue, but, despite recent fluctuations, overall inflation growth remains modest and is not expected to significantly impact market returns. She notes unless inflation accelerates to top quartile levels (around 4.5%), it is not considered a critical market driver. The current level of inflation and Fed funds rate suggests a likelihood of a Fed rate cut in the near future, but when that will be is still unknown. From a sector perspective, this is what she’s looking at. Key market drivers continue to be: Earnings recovery and level of uncertainty in the market. She notes a level of uncertainty could be quite high when wide valuation spreads in the equity market are relative to very narrow spreads in the credit markets. As an investor, the best risk-reward could be in the cyclical oriented areas, such as the technology sector. Denise recommends avoiding “classic defence” sector in terms of utilities and consumer staples.
Recorded on March 14, 2024.
At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.
For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study. -
Fidelity True North® Fund with Maxime Lemieux
Today on the show, we welcome Portfolio Manager Maxime Lemieux. He discusses the Canadian equity markets and provides an update on Fidelity True North® Fund. Max goes over the impact of the COVID-19 pandemic and geopolitical disagreements, as well as the recovery process for the market. There have notably been tensions regarding Eastern Europe and the Middle East over shipping lanes and retailers in North America, and disruptions within those lanes have driven up costs for some goods. The recovery for many business cycles has been sluggish with a significant downturn in various sectors, and thanks to varied conditions across these sectors it has been difficult to establish clear trend lines within them. Max also provides his strategic investment approach, mentioning the importance of selectivity when investing in telecom companies because of potential rate and cost cuts. He also advocates for a barbell strategy, balancing defensive companies that have strong balance sheets with more growth-oriented investments.
Recorded on March 26th, 2024.
At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information.
For the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.