Looking ahead to the second half of 2021, Max Lemieux, portfolio manager, discusses his outlook for Canadian equities and his portfolio positioning. Economic reopenings and a global growth spurt favouring cyclicals have contributed to making Canada an attractive place to invest of late. Max notes that the Canadian dollar has had a strong correlation with both oil and gas, and energy; however, it is hard to predict currency movements. Max notes Fidelity True North® Fund is currently well-diversified, and he shares how it is positioned at sector level. Additionally, Max reflects on how Canada looks to the rest of the world, the health of the Canadian consumer, and the impact of the housing market on the financial sector.

Recorded on June 15, 2021.