FidelityConnects Fidelity Canada

In today’s episode, we are joined by personal finance expert and author Robin Taub, who sheds light on how Canadian youth are navigating the current investing landscape.  She explores the importance of teaching young people about budgeting, finances, and investing from an early age, and how key barriers, such as a lack of financial literacy might be affecting them. Robin also dives into the impacts of inflation and how its affecting young Canadians. She also highlights the 5 pillars of money and what these mean for young investors, and later discusses how managing day-to-day expenses, especially rent, is a significant struggle for this group. Robin touches on the differences between how men and women save, how families are helping their children financially, and the broader benefits of financial literacy for Canadians.  
 
Recorded on June 19th, 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.
 

Portfolio Manager Ramona Persaud joins us today to discuss her current investment strategies, how valuation is currently being dispersed, and how international markets are performing. Ramona talks about the current performance of value and dispersion outside the US, particularly in continental Europe, the UK, and parts of Asia – and touches on the potential in more cyclical sectors such as tech. She highlights how there is increased value dispersion and alpha signal abroad. She explores how the Europe’s concerns regarding sustainable growth have shifted focus from the energy sector to one of defense and notes how her team in Europe is always swiftly adapting to these changes.  Despite market uncertainties, Ramona emphasizes how she continues to find compelling valuations in mid to large-cap sectors, and also talks about the importance of finding dispersion opportunities abroad.
 
Recorded on June 18th, 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.

With the Federal Reserve’s recent decision to hold rates amid cooling inflation, what does this mean for markets and the overall health of the ecomony in the US and in Canada? We sit down with portfolio manager and Fidelity Canada’s Chief Investment Officer, Andrew Marchese, to get his latest insights on the market landscape plus what potential opportunities there are for institutional investors. Andrew touches on this latest divergence in the market. The Fed has held rates and the Bank of Canada is relaxing. Andrew says he’s not surprised the path that interest rate policy is going at the moment. He says it’s important to evaluate profit and cash flow streams of companies into 2025. In terms of equity allocation, Andrew says we’re having an idiosyncratic year around stock selection. He’s always been pro-US in companies to invest in and he says it’s important to think long-term horizon. He adds he’s also paying close attention to utilities and commodities sectors. 
 
Recorded on June 13th, 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, we are joined by Head of Quant Index Solutions, Bobby Barnes, to discuss upcoming trends in the market, and important narratives in the investing sector. Bobby talks about the latest performance of utilities, such as how they’ve emerged as the third-best performing sector year-to-date, and the impact AI advancements will have on their future performance. He explores the economy from a macro level, and how current consumer trends and predictable CPI data has led to an increase in interest rates. He discusses the impact of increasing unemployment and how discretionary spending has changed since COVID-19. Bobby also looks at key drivers, such as how the U.S market’s focus on high tech and services has factored into bullish earning expectations. Lastly, he advises how to diversify during this late cycle, emphasizing why it’s important to focus on maintaining momentum and quality.
 
Recorded on June 14th, 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.

In this episode, we speak to Director of quantitative market strategy Denise Chisholm as she provides her insights on what sectors to keep an on eye on plus what recent data point are telling us about the current market environment. Denise believes we have experienced what she calls a very soft-hard landing and she argues that we are now in the early stages of a recovery. Denise discusses the market’s reaction to recent market volatility and says the market is very data-dependant, but daily data points and moves are not very predictive of market returns. She says it’s important to step back and assess all data and any anomalies. Denise says people tend to focus on CPI movement, but she says it’s more important to focus on the standard deviation of the year-on-year inflation rate, which has fallen to the bottom half of its historical range. Denise highlights shelter costs pointing out that shelter is the main reason inflation remains high.  She adds, outside of shelter, the Federal Reserve doesn't have an inflation problem - the year-on-year rate, excluding shelter, is below 2 percent. So how does the inflation story affect how investors should consider sectors? Denise says interest-rate sensitive sectors like financials and real estate are something to consider as the current risk-reward is skewed to the upside.  She says defensive sectors such as consumer staples, healthcare, and utilities face margin and profitability issues. And she says the technology sector offers both offence and defense with strong free cash flow.
 
Recorded on June 13th, 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.

North American equity markets opened mixed this week, and U.S. treasury yields ticked
 higher. Over the weekend, the Minneapolis Fed President teased that the central bank may not cut rates until December. To unpack this, joining the show today to share his latest market thesis is Fidelity Director of Global Macro Jurrien Timmer. With the Fed confirming the market's recent tilt towards less easing and later, he notes that the only glaring difference between the Fed and the market is where neutral is at. Jurrien emphasizes the importance of earnings growth in maintaining stock market resilience despite a restrictive Fed policy. He discusses the narrow nature of the current bull market, driven by a few mega-cap stocks, and the challenges of broadening it. He also touches on the potential for non-U.S. markets to outperform, which depends on earnings momentum and currency factors. He also explores the implications of high central bank gold purchases and the role of commodities and other hard assets as hedges against fiscal dominance and inflation.
 
Recorded on June 17th, 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.