Portfolio manager Sri Tella joins us on the program to discuss the latest Bank of Canada announcement and how that could affect Canadian bonds. Sri says the last BoC announcement signals an intention to cut rates and potentially adopt a less restrictive or more simulative approach. He adds the Fed shares a similar concern and outlook. They are aiming to keep inflation in check before considering rate cuts. Sri says financials particularly the Canadian banking sector continues to show consistency. This stability makes it a favoured and significant sector in the Canadian corporate market. Conversely, non-financial corporates are more of a neutral outlook due to higher interest rates and refinancing challenges.

Recorded on December 8, 2023.

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 second year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2022 Environics’ Advisor Digital Experience Study.