FidelityConnects Fidelity Canada

Equity gains at the beginning of last week were in thanks to last Friday's weaker-than-expected US jobs report. That, along with a slightly higher unemployment rate, is leading investors to price in two interest rate cuts by the end of 2024, with the hopes of a cut as early as september. So is the rate scare officially over? Joining the show today to share his thoughts on this and more is Fidelity Director of Global Macro Jurrien Timmer. Jurrien speaks to the importance of inflation improvement for the Federal Reserve to consider easing monetary policy and addresses the resilience of the US economy, explaining the relevance of factors such as ample bank reserves and productivity growth, particularly driven by investments in AI. He explains the importance of productivity gains in allowing the economy to grow without generating inflation, which ties into the Fed's policy decisions. He also addresses concerns about the health of the US consumer and the stability of the banking sector following a mini crisis last year, underscoring the importance of distinguishing between temporary liquidity interventions by the Fed and broader quantitative easing measures.
 
As per usual Jurrien will be sharing some charts, so please head to @TimmerFidelity to follow along.
 
Recorded on May 6th, 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.

On April 18th and April 19th, Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. Today’s podcast features portfolio manager Hugo Lavallée. Hugo manages several portfolios including Canadian Opportunities Fund, as well as co-manages Global Equity Plus fund with Mark Schmehl and Dan Dupont. Hugo sits down with host Glen Davdison to talk about his investment style and what opportunities he’s excited about these days. Hugo also digs deep into his contrarian style of investing, explains how artificial intelligence is an area of opportunity, and where around the world he’s finding companies to invest in.
Recorded on April 18, 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.

Today on the show, we check in with Fidelity’s Director of Quantitative Market Strategy Denise Chisholm and get her thoughts on recent job growth numbers, the Federal reserve’s next possible move, and the impact of current geopolitical risks. Denise dissects recent positive job growth numbers and says if you step back and look at the overall picture, you will see that year-on-year payroll growth or even three to six months back, we are only in the second quartile and the correlation you see in this segment in terms of payroll growth equating to average inflation, is that it is bang on 2% growth. She adds payrolls drive service spending, but is only one piece of the overall CPI puzzle - productivity plays a roll, too. She also comments on the resiliency and advancement of the equity markets suggesting that it is much less dependent on Federal Reserve rate cuts than many investors might think. Denise also touches on how geopolitical risks could affect the market, and what is in her bottom and top sector watch. 
Recorded on April 25th , 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.

On April 18 and 19 Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. Today we’ll hear from portfolio manager Dan Dupont, as he sits down with host Agnes Doherty at FOCUS. Dan, a Fidelity veteran who joined Fidelity in 2001, manages or is underlying manager of several Fidelity funds for Canadian investors. This includes Fidelity Canadian Large Cap Fund, Global Value Long/Short, Northstar, among others. Dan is known for his downside protection approach of winning by not losing, and in today’s conversation he shares why the current market environment is favourable for him and matches his investment style.
Recorded on April 18, 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.

Today on the show, we take a look around the global markets as we check in with Fidelity International Investment Director Tom Stevenson. With the recent rally of the FTSE 100, UK’s leading stock market index, Tom breaks down what the upswing could mean for European markets and investors. He points out UK's market is currently attractively valued compared to the US, with a price-to-earnings ratio of about 12 compared to 20 in the US. Tom adds the decline in the pound's value benefits UK companies, contributing to the recent rise in the FTSE 100. He adds valuation of the UK stock market is relatively cheap, attracting investors who see potential value despite economic differences with the US. Tom also touches on China’s changing consumer landscape, Japan’s economic activity and his overall thoughts on the UK’s bullish market.
  
Recorded on April 24th, 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.

On April 18th and April 19th, Fidelity Investments Canada hosted FOCUS 2024, a two-day event for advisors, featuring insights from Fidelity’s portfolio managers and subject matter experts. Today’s podcast features portfolio manager Connor Gordon who co-manages Fidelity’s Global Small Cap Opportunities Fund with Chris Maludzinski. Connor sits down with host Pat Bolland to discuss the fund which launched in 2022. We’ll hear how the fund is managed, how it applies a “go anywhere” approach and seeks the best investment opportunities around the world and is not confined to any specific regions. Connor adds strong security selection is his primary asset in his arsenal and elaborates on the process and how he picks and views stocks.
Recorded on April 18, 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.