Today on the show, we welcome Portfolio Manager Maxime Lemieux. He discusses the Canadian equity markets and provides an update on Fidelity True North® Fund. Max goes over the impact of the COVID-19 pandemic and geopolitical disagreements, as well as the recovery process for the market. There have notably been tensions regarding Eastern Europe and the Middle East over shipping lanes and retailers in North America, and disruptions within those lanes have driven up costs for some goods. The recovery for many business cycles has been sluggish with a significant downturn in various sectors, and thanks to varied conditions across these sectors it has been difficult to establish clear trend lines within them. Max also provides his strategic investment approach, mentioning the importance of selectivity when investing in telecom companies because of potential rate and cost cuts. He also advocates for a barbell strategy, balancing defensive companies that have strong balance sheets with more growth-oriented investments.

Recorded on March 26th, 2024.

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