Denise Chisholm, Director of Quantitative Market Strategy, joins us today on the podcast. With host Pamela Ritchie, Denise unpacks the impact of job market dynamics on inflation and equities, among other topics today. Denise notes that real retail sales have shown a slight contraction for two years but have recently picked up, indicating positive momentum. Also despite slowing job growth, with job openings declining and hiring rates stalling, she believes a reacceleration is likely.

Recorded on October 17, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today we speak to co-managers of Fidelity Global Small Caps Opportunities fund Connor Gordon and Chris Maludzinski as they give an update on the fund, talk about their investing strategy, and where they are finding hidden gems in North America and globally. Chris explains how the fund provides access to a broader range of companies across the world, offering exposure to sectors and regions often overlooked by larger-cap funds. He adds the fund focuses on identifying companies undergoing positive changes or temporary setbacks, which creates opportunities for value-driven gains as businesses recover or grow. Connor says the fund is heavily weighted toward industrials and energy sectors, especially in themes like nuclear energy for decarbonization and AI infrastructure, which are poised for long-term growth. Connor adds that although it’s difficult to predict moving inflation or interest rates, the fund takes advantage of market dislocations caused by macroeconomic changes, allowing them to find undervalued opportunities. 

Recorded on October 16th, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today on the program we speak to Fidelity U.S. Asset Allocation Research Analyst Cait Dourney. As a research analyst, Cait covers mostly economies in the US, China, India, Europe, Canada, and then provides asset allocation recommendations to the multi asset class portfolio managers. Cait discusses the global business cycle, the unexpected normalization in the US labour market, and why Canada could have potential investment opportunities. In terms of the business cycle, Cait says the U.S. is still in an expansion phase, supported by strong corporate and consumer sectors, with mid-cycle dynamics like profit margin growth. Profit margins and credit conditions are improving and the labor market is normalizing, reducing immediate recession risks. And she adds recession risks have decreased globally, and international earnings revisions are now outpacing the U.S., leading to cautious optimism about non-U.S. markets. Cait also touches on Canada’s rate-sensitive economy, inflation concerns, and China’s slowing economy.

Recorded on October 11, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Joining us on today’s show is a special guest, Peter Bethlenfalvy, Ontario Finance Minister. When investors talk about Canada’s economy, productivity tops the chart in terms of conversations. But the nuance that doesn’t get highlighted enough is that ours is an economy of economies, with provinces and territories. Ontario is the largest economy, accounting for nearly 40% of our GDP - how is the productivity picture there? Today, Minister Bethlenfalvy, who is also MPP for Pickering-Uxbridge, will speak to host Pamela Ritchie about our economic future in both Ontario and Canada as whole. We’ll also hear about the path to balance Ontario’s budget, auto manufacturing, mining, green bonds, and financial literacy in school curriculums.

Recorded on October 15, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

Today on the show portfolio manager Joe Overdevest sits down with host Pamela Ritchie to discuss trends in the third quarter and what investors could expect in the remaining quarter of the year and even into 2025. Joe says even though interest rate cuts are happening, investors are waiting for more certainty in the markets before buying. He adds that some people try to time the market, but companies over time grow their earnings and the stock price usually follows, which highlights the power of compounding. For 2025, Joe says the economic picture is looking decent. He says with high level of earnings growth for this year and next year at around 10% for the US and Canada plus inflation in Canada and the US trending close to 3% and GDP growth in the US at around 3%, the US and Canadian economies seem to be on the right path. Joe also highlights the current energy picture.  With a drop in oil prices and fading optimism around China's efforts to boost its economy, this has weighed heavily on energy and materials.  He says the demand for commodities will be higher in the future and China is currently 10 to 50% of the demand depending on the commodity. Nuclear could be a solution for an energy transition, but it will take time. Joe adds natural gas could be a short-term solution for increasing electricity demand.

Recorded on October 9, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

From corporate earnings, to the inflation story and the upcoming US Presidential election, there are many themes affecting the markets today. Scott Mensi, Institutional Portfolio Manager of Fidelity’s Tactical High Income fund discusses how the portfolio pivots in today’s current market environment. Scott says since the spring, the fund has adjusted and invested in non-US equities, REITS, high yields and convertible bonds. The fund typically holds 45 % in equities. He also highlights the fund’s ability to move between different asset classes based on market conditions aiming for better downside protection and rebound potential. Scott also talks about the fund’s evolution over its 10 years. He says the fund continues to be an income solution that can invest in equities, investment grade bonds, bank loans and preferred securities. He adds the fund provides full-circle returns and risk rewards as well.

Recorded on October 8, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

On today’s podcast, we’re bringing you another installment in our “Behind the Numbers” series, where Chris Pepper, VP, Corporate Affairs, sits down with Fidelity’s portfolio managers, analysts, subject-matter experts, and more, about what brought them into investing and what drives them every day. In this episode, recorded at Fidelity’s Boston headquarters, we hear from Denise Chisholm, director of quantitative market strategy, and Ramona Persaud, portfolio manager. You'll hear about Ramona & Denise's career paths, as well as how their friendship grew over the years, and how they currently work together.

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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

On September 24, Fidelity Investments Canada hosted FOCUS 2024 Montreal – a bi-lingual event connecting our portfolio managers directly with advisors. For French podcasts from the event, please keep an eye on our DialoguesFidelity podcast, those will be released soon. Portfolio manager Connor Gordon’s session is today’s podcast, and we’ll hear about how small cap companies could play a big role in your investments. Connor manages Fidelity Global Small Cap Opportunities Fund alongside Chris Maludzinski, and today he provides a fund update to the live audience, and host Charles Danis, VP Regional Sales Eastern Canada. They touch on market volatility and what we’ve seen in markets so far this year, and in prior cycles. Connor notes this volatility creates buying opportunities, which him and Chris look to take advantage of in Fidelity Global Small Cap Opportunities Fund, which was launched in September 2022 and is also available as an ETF.

Recorded on September 24, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.

On September 24, Fidelity Investments Canada hosted FOCUS 2024 Montreal – a bi-lingual event connecting our portfolio managers directly with advisors. For French podcasts from the event, please keep an eye on our DialoguesFidelity podcast, those will be released soon. Today’s podcast brings you Adam Kramer and Scott Mensi’s session from the event, focusing on fixed income, and their fund Fidelity Tactical High Income Fund, managed alongside Ford O’Neil and Ramona Persaud. This event was a homecoming for Adam, portfolio manager, who is originally from Montreal and shares a bit about his journey that brought him to Fidelity in Boston. Among other topics he also shares how the fund is built and has had a strong process driven approach over time. Scott, institutional portfolio manager, shares the various asset classes that make up the fund, and how those have shifted over time. Please note, there were a few charts shown to the live audience during the event.

Recorded on September 24, 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics’ Advisor Digital Experience Study.