It’s been a volatile start to the year for the industrials and materials sectors. But strong second-quarter earnings from a few key industrial players, and optimism for copper around China’s reopening are just some of the factors driving positive sentiment around the two sectors. So, why should investors be looking at industrials and materials? And how could electrification impact them? We’re joined today by two of Fidelity’s Equity Research Analysts, to discuss what’s shaping the industrials and materials landscape. Robert Reynolds and Claire Fleming, Equity Research Analysts, join host Bryan Borzykowski today, to unpack all of this and more, including how they define a good investable company, and how their role supports the portfolio managers and others on the investment team.

Recorded on April 28, 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.

European equity markets have been lower lately as concerns over the global banking sector re-ignite. The declines are another hit to the overall health of the UK economy, which is currently an outlier amongst other global markets. So what is driving the inflation story in the UK? And why is today’s guest optimistic about its future performance? London-based Tom Stevenson, Investment Director at Fidelity International, joins host Pamela Ritchie today to discuss what’s at play now and into the second half of 2023 for the UK and Europe. Tom shares it's a big week for tech stocks as we're right in the thick of earnings season now, and as earnings season goes on we will have a pretty good sense of how tech is doing. Also, that these companies are instrumental as they are large contributors to the rally in markets this year. The S&P 500 is up 8% this year, and two thirds of that rise has been accounted for by just five tech stocks. Among other topics today, Tom shares insights on if we’ll see a global recession, or if it will be more mild, or a soft landing.

Recorded on April 26, 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.

Andrei Bruno, Director ETF Capital Markets at Fidelity Canada, joins the program to discuss recent economic data, the risk of a recession, and how he’s positioning his portfolio in the current market landscape. Andrei explains personally for him with all this market uncertainty, it’s time to remain defensive. The risk is greater to the downside, so it's important to protect the downside. Andrei was also part of the fixed income group, so for him he worries about risk more than his counterparts. Regarding bonds, yields are still attractive, as we’ve had a positive year for fixed income so far. Andrei says what people need to remember, there’s still room to run on bonds in a drawdown scenario.

Recorded on April 21, 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.

North American markets have been relatively flat throughout this earnings season, leaving market watchers to wonder what’s next? Also, how could this earnings season impact next week’s Fed meeting? Jurrien Timmer, Director of Global Macro, is back with us today to break down what’s on his radar. Jurrien shares with host Pamela Ritchie that the market seems to be betting on a soft-landing scenario. He says not just for earnings, but one where the Fed plays along, maybe raising rates one more time and eventually easing down to a neutral rate of around 3%. Looking at earnings season, Jurrien notes that the companies who have reported earnings so far have reported earnings of about 5%, which is larger than normal. Jurrien will unpack why earnings have been resilient. Among other topics today Jurrien also focuses on the price low last October and if it was the start of a new cyclical bull-market, as well as the possible direction for currencies including the US and Canadian dollars.

Recorded on April 24, 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.

Director of Quantitative Market Strategy Denise Chisholm is back on the program to lay out what economic factors are driving the markets, what sectors to keep an eye on at this time. Denise speaks to host Bryan Borzykowski and notes that things seem to be leveling off in the markets, the regional banking situation has cooled down, so is the market looking more optimistic? She says sentiment is not necessarily predictive of optimism. For Denise, she has a persistent silver lining view of the markets based on data and what can be measured. For example, she looks at CPI and year-over-year it’s doing what it normally does. And looking at CPI in the last 6 months on a core basis and outside of shelter, she notices that we haven’t decelerated this much since the 1970s and interestingly it’s the only time we’ve decelerated this rapidly without a recession. She adds “we are off cycle in this cycle” and that is actually more of a bullish setup than bearish. Denise says her top sectors are consumer staples and utilities and her bottom sectors are tech and real estate. Recorded on April 24, 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.

North American equity markets have been relatively flat of late, following a wave of disappointing earnings this earnings season. U.S. Treasury yields have also slipped as new data signalled a greater-than-expected economic slowdown. Today we ask how this market environment is affecting the ETF space. Etienne Joncas-Bouchard, ETF strategist, joins host Bryan Borzykowski today, for a discussion on which factors may be favourable in the current market environment, and to provide an update on the Fidelity All-in-One ETFs. Etienne shares today that the main reason all-in-one ETFs have been growing in popularity is due to their simplicity as well as ensuring broad diversification. Among other topics, Etienne also comments on the market's ambition to expect rate cuts, shares how not every dividend strategy is the same, and notes that high-quality names have been popular lately as those businesses generally do well coming out of a slowdown and are able to weather inflationary pressures better.

Recorded on April 20, 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.

Canada’s inflation picture has recently seen notable changes. One of the key recent highlights is the latest CPI data, which came in at 4.3% - the lowest since August 2021. This comes following the second consecutive rate pause from the Bank of Canada, perhaps ‘backing’ the central bank’s decision. Looking ahead, what can we expect to hear from the Fed? And how is all of this impacting how portfolio managers are allocating to stocks and bonds and their geographic preferences around the world? Portfolio manager, David Tulk, from Fidelity’s Global Asset Allocation team joins us today to discuss all this and more, including a look into his short, medium and long-term investment mentality. David and the team manage a suite of funds for both retail and institutional investors, and please note today’s discussion was originally presented as a webcast for institutional clients, with a slide referenced partway through. Also today, with host Bryan Borzykowski, David expands on how rate-sensitive different parts of the economy are and also shares how the GAA team is currently positioned. They do not think the Bank of Canada, Federal Reserve, and other central banks are likely to start cutting interest rates by the end of the year. In their funds they are defensive overall, protecting still against inflation. Selective allocations are made to be offensive, and lately emerging markets equities have provided this.

Recorded on April 19, 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.

In this episode of the Fidelity ETF Exchange, powered by FidelityConnects, host Étienne Joncas Bouchard welcomes recurring guest Andrei Bruno to the show. Andrei is the Director of ETFs at Fidelity Canada. Today, our panel breaks down all the notable ETF industry trends of the past quarter. As both equity and fixed-income markets rebounded in Q1 of 2023 with some strong performance, ETF flows ensued. As of the end of March, there were $10.6B of net inflows into the Canadian ETF industry. International equities outpaced U.S. equities by more than $1.5B, while cash alternatives ETFs remained popular with another $2.7B inflows.

Recorded on April 19, 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.

A surprise production cut from OPEC+ earlier this month has rocked oil markets. The price of oil rallied following the announcement but have since stabilized as inflation concerns linger. All of this unfolding as the U.S. continues to shift towards cleaner and more sustainable forms of energy. How much of an impact will the OPEC cuts have on energy and overall inflation? And where can investors find opportunity within the sector? Paul Gooden, Senior Research Analyst, joins us today to discuss the latest trends in the U.S. energy sector, including his investment thesis for the months ahead. Paul explains the “energy trilemma” framework of balancing affordability, sustainability and reliability, to host Pamela Ritchie today. Without managing all three, Paul says, you get unintended consequences, like coal demand being at an all-time high today. He also notes the energy transition is still in the first innings, with peak oil demand not forecasted until the 2030s or later. CapEx on oil and gas is 70% below its 2014 peak and Paul sees opportunities for more CapEx in oil field services, as well as opportunities in the clean energy space if we are disciplined as investors.

Recorded on April 19, 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.

Statistics Canada has reported that the annual inflation rate slowed to 4.3% in March. This is the lowest level since August 2021, and off the highs of February’s 5.2%. Does this latest data support the Bank of Canada’s decision to pause? And what does it mean for interest rates, and the real economy moving forward? Institutional portfolio manager Ilan Kolet is today’s guest, sharing his outlook on inflation and what he’s optimistic about in the months ahead. With host Pamela Ritchie, Ilan provides a deep dive into the key points explored in the Global Asset Allocation team’s recent white paper, which includes a look at where inflation is now, and where is it likely heading. This in the context of central bank policy. Ilan also explains why the team doesn’t believe that rate decreases are on the horizon. We’ll also hear Ilan’s thoughts on the labour market, opportunities in emerging markets, the role of currencies in asset allocation, and much more on today’s show.

Recorded on April 18, 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.