FidelityConnects

Portfolio Manager Mark Schmehl answers these questions and more on today’s episode. Mark says we are currently in the digestion phase of the AI wave. He says everyone is invested in AI but nobody knows what the next big innovation will be in this space and what demand will look like. Host Pamela Ritchie says now that some tech stocks are cheap will he buy into the dip? Mark says no - he has seen this happen before and says you’re not going to miss anything, there will be other places to make money and invest. Besides AI, for Mark he is invested in healthcare, which he says people have ignored, but is doing well in a choppy economy. He’s also invested in non-tech growth stocks like home builders and biotech.  Mark says there are lots of growth stocks that are not AI-related. His biggest worry is a potential recession, which he says alot of companies are not planning for, but should. Mark says overall he doesn’t think the consumer is in a great spot, but for now is okay and being cautious. He doesn’t quite know what the pain point would be for a potential recession, but he is keeping an eye on it and investing in other areas that are not necessarily AI-related.

Recorded on September 10, 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.

How’s the state of the Canadian consumer? Is the Bank of Canada on the right pace in terms of rate cuts? And what does Canada’s recent unemployment rate mean for the broader economy? Joining us to discuss this and more are research analysts Thomas Goldthorpe and Brendan Cochrane. Brendan discusses the recent 25 basis point cut by the BOC saying the consumer would have probably benefited more from a bigger cut. He says with the refinancing of mortgages, this recent cut still affects the consumer’s discretionary spending. But Brendan adds they are still bearish on the Canadian consumer and there are still great opportunities in the Canadian consumer discretionary sector. Thomas says there may be more cuts are on the way, but it will take some time for the cuts to be fully made. Inflation is at 2.5 percent, down from where we were before, but he says it feels like we’re trending towards an inflation regime that could look something like pre-COVID days. They also touch on luxury consumer goods, on-going discussion on a soft landing vs. a hard landing, and the Canadian banking sector. 

Recorded on September 6, 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.

Portfolio Manager David Tulk joins us today to unpack the latest events in interest rate cuts, challenges facing Canada’s economy, and market volatility.  David discusses the recent Bank of Canada rate announcement. He says how it’s clear that the BOC wants to continue to ease interest rates, given growing concerns over inflation. He explains how the BOC needs to get the overnight rate much closer to its neutral setting to battle the current rising unemployment rate. David also talks about the current affairs of Canada vs. Global Opportunities. He explains how U.S. elections coming up could lead to more fiscal spending and protectionist policies, which could impact Canada’s export-led growth. David also touches on diversified investment strategies, broad positioning, and immigration policies.

Recorded on September 5th, 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.

Portfolio Manager Hugo Lavallée joins us today to share his unique perspective on navigating the current market. Hugo discusses the impact of recent interest rate cuts on consumers. While some relief is on the horizon, he notes that it’s coming slowly due to concerns over reigniting inflation. Hugo talks about the importance of time in his investment strategy. He emphasizes the value of patience in a market obsessed with immediate results. Hugo reflects on how his investment style has evolved over the past decade from quick trades to a more deliberate, long-term focus.   With inflation cutting into purchasing power and interest rate pushing borrowing costs higher, Hugo is particularly focused on consumer discretionary stocks. Despite recent struggles, Hugo believes in the underlying strength of these businesses, and sees potential amidst the current market discrepancies.

Recorded on September 4, 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.

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 today to discuss what’s shaping the global bond landscape is Portfolio Manager Peter Khan. High yield bonds and other credit assets have generally provided greater risk-adjusted returns for investors. And Peter explains how he’s been navigating the landscape to provide investors with a good cushion. So why might now a good time to buy high yield on the current market weakness? And which strategies is Peter using for today’s market cycle?

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.

Alternative investing could be an asset class that could offer investors greater choice. That’s the topic at hand on this episode of Fidelity Connects. Alternative investment strategist, Brendan Sims joins the program to discuss opportunities within alternative investments and the products Fidelity offers in this space. Brendan talks about the removal of barriers of entry and lower cost alternative solutions that makes alternative funds appealing. He discusses various types of strategies, the growth of alternatives and how it could potentially fit in a client’s portfolio. 

Recorded August 30, 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.

With the rise of AI, cybersecurity is becoming a growing concern for all sectors of the economy. Today we’re joined by Imran Ahmad, Canadian cybersecurity expert and Partner and Head of Technology at global law firm Norton Rose Fulbright. Imran discusses how AI is changing the cybersecurity landscape for the investment sector and how advisors can best safeguard client information. He says the rise of deepfake technology is a real threat. Imran recommends advisors remain cautious and verify any unusual requests directly with clients. Monitoring client behaviour is vital, as is taking note of any financial transactions that deviate from your client’s typical patterns. Imran says advisors should stay on top of evolving and changing privacy laws in Canada. Our country has 24 different privacy and data protection laws, so it’s important to know the obligations under federal and provincial laws in order to fully protect your client’s data.  

Recorded on August 27,  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.