Fidelity equity research analyst Nic Bellemare and equity research associate Connor McGrath join host Pamela Ritchie on the show today to discuss what's shaping the Canadian financial industry, the impact of the Jackson hole Symposium, and what would an extended rate cycle mean for real estate sectors. Nic and Connor unpack the implications of Powell's remarks on Canadian markets, and also take a look at the impact of the broader current economic environment on the specific sectors of Canadian real estate and financials, and the role of regulations in shaping these industries. They emphasize the importance of monitoring credit conditions, housing supply, and demand dynamics, as well as the influence of interest rates on financial and real estate markets. They both also highlight the potential for investment opportunities within the financial services sector, particularly in companies that can navigate challenging environments and capitalize on market dislocations. Among other topics, Nic and Connor also touch on the impact of remote work trends on the commercial real estate sector, sharing some of the operational challenges and the impact of rising vacancy rates on Canadian commercial real estate.

Recorded on August 25, 2023.

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