FidelityConnects

Joining the podcast today is portfolio manager Hugo Lavallée. For Canadian investors, Hugo manages Fidelity Canadian Opportunities Fund, Fidelity Greater Canada Fund, and Fidelity Climate Leadership Fund. Today, Hugo discusses the extent to which he hears recession concerns within corporations, and how much these concerns might bleed into consumer stocks. Hugo explains to host Pamela Ritchie that markets are unusual right now, because returns are highly concentrated, as is the case with the S&P 500. He says that as a contrarian investor, although his funds have over 100 holdings, he has a higher concentration with the top 10-20 stocks, so his strategy is to see what has been left behind, especially in the Greater Canada Fund. Hugo discusses how Fidelity engages in discussions with companies to encourage them to pivot business models to accommodate an economic environment with higher interest rates. He says companies need to focus on profitability and returning value to shareholders, especially considering they are competing against a risk-free rate of 5%.

Recorded on June 7, 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.

With the Federal reserve expected to put a pause in rate hikes this week and the markets seemingly moving along, we check in with Director of Global Macro Jurrien Timmer. He unpacks the recent market moves and helps us understand what’s happening beyond the headlines. And per usual, Jurrien will do this with his popular charts. You can follow along using @TimmerFidelity on Twitter. Jurrien shares his views on the markets commenting that the US economy has proven to be quite resilient and seems to have become less interest rate sensitive. In terms of a recession, Jurrien says it has been rescheduled for the time being. And he shares his thoughts on a bull market. He says not quite - there are still three things he needs to see in order to call a bull market - a path to an earnings recovery, a path to the end of the rate cycle, and better market breadth.

Recorded on June 12, 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.

Inflation and interest rates continue to be a much-discussed topic, with every move by the U.S. Federal Reserve, the Bank of Canada, and other global central banks predicted, watched, and analyzed. On today’s FidelityConnects podcast we’ll get an exclusive window into the Bank of Canada with special guest David Dodge, economist and former Governor of the Bank of Canada. David served as Governor from 2001 to 2008 and was made an Officer of the Order of Canada in 2007. Today he joins host Pamela Ritchie to share his perspectives on both the global economy and Canada, including immigration, housing and more.

Recorded on June 13, 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.

On today’s podcast we’re doing a deep dive into the Tax-Free Savings Account, or TFSA for short. Michelle Munro, Director of Tax and Retirement Research breaks down the advantages of a TFSA, explains the tax benefits, and touches on a very important topic of how the TFSA differs and complements other investment options available to Canadians such as the Registered Retirement Savings Plan and the new First-Home Savings Account. Michelle joins host Emily Anonuevo today, and also covers why both young Canadians and those in or nearing retirement should consider a TFSA. We’ll also hear about the types of investments someone can hold in a TFSA, as well as key rules you need to be aware of, such as how savings room and limits are calculated, and rules surrounding withdrawing, among other topics.

Recorded on June 7, 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.

Joining us on the program today is Head of Quantitative Index Solutions, Bobby Barnes. Bobby discusses the implications of Canadian GDP growth in the first quarter, the impact of the debt ceiling agreement on investors, and which market factors he sees people gravitating towards. Canada GDP growth was up 3 point 1 per cent in the first quarter, which Bobby says indicates two thoughts - things are going well in the economy, but also that the Fed hasn’t been doing a great job at slowing market tightness. Bobby discusses the market volatility generated by uncertainty over whether the deal debt ceiling would get done. But he says when it comes to long-term prospects, however, he doesn’t believe that near-term volatility will carry forward. Turning to factor investing, Bobby looks at various drivers of risk and return, including the value of a company, the performance of its stocks, and its profitability over time.

Recorded on June 2, 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.

Today we welcome Global Asset Allocation Portfolio Manager Ayesha Akbar to the program. She discusses the strong American labour market, its implications for future Fed rate cuts, and the regions in which she sees significant opportunity. Ayesha explains to host Pamela Ritchie that although chances of a recession remain high, she hopes it will follow a normal cyclical pattern. She sees opportunity in places like the United Kingdom and Japan, particularly within the Energy Sector which remains incredibly cheap. Speaking to productivity and recent developments in A.I., Ayesha says that the technology is in its early days, although the potential is certainly there. Healthcare and semi-conductor stocks are two sectors she could see benefitting as A.I. capabilities continue to be realized.

Recorded on June 9, 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.

On today’s podcast, we’re taking a break from our regular content to welcome back Jessie Sarafian, host of Fidelity Canada’s Invested in Wellness podcast and live webcast, who will guide us through a guided meditation that you can do while walking outside. Regardless of where you’re headed, or maybe it’s even just a walk around the block, practicing mindfulness, deep breathing and body awareness can be done anytime, anywhere. It’s a fantastic way to center yourself and clear your mind.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.

Joining us on the podcast today is Denise Chisholm, Director of Quantitative Market Strategy. Denise speaks about a narrowing of market breadth in the aftermath of the Fed’s efforts to replenish cash reserves, and how she sees this impacting short-term market performance. She explains with only a few stocks leading in the market, the underlying trend becomes far less robust which increases vulnerability. There are several ways, she says, that gaps in an upwardly advancing market led by a handful of stocks can be closed. Either markets can correct back to a downward trend in breadth, or breadth could advance, which has historically been the case. And turning to the job market, Denise says things are slowing but not stopping, with contractionary household employment trends suggesting that the Fed may impose additional rate hikes.

Recorded on June 6, 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.

After weeks of negotiations, and with just two days to spare, President Biden has averted a first-ever U.S. default. The debt ceiling bill has been signed. So with the bill now passed, what does this mean for the Treasury? And how could it all ultimately affect the Fed and market trajectory? Jurrien Timmer, Director of Global Macro, is back with us today to unpack the recent market moves and help us understand what’s happening beyond the headlines. And per usual, Jurrien will do this with his popular charts. You can follow along using @TimmerFidelity on Twitter. Jurrien shares his views on the debt ceiling bill, and explains to host Pamela Ritchie that Treasury drawdowns over recent weeks mean that they will be looking to replenish between $600-700 billion. Also, looking at the potential direction of markets, Jurrien notes that markets have mostly been sideways for 1 year now, and that COVID has thrown off a lot of the key indicators and signals traditionally used to predict the direction of markets. What’s next? Stay tuned.

Recorded on June 5, 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.

Today we are joined by Naveed Rahman, Institutional Portfolio Manager, and Salim Hart, Portfolio Manager, from the team behind Fidelity Global Intrinsic Value Class. They discuss market lows, particularly in Asia, the beneficiaries of the banking crisis, and which regions are currently on their radar. Naveed and Salim explain that the debate over the impact of the pandemic continues in the marketplace, with the CPI at over 8% in the US but expected to decline further. They say their approach as bottom-up stock pickers enables them to prioritize good businesses and valuations, as opposed to relying on market speculation. Turning to Asian markets, Naveed and Salim explain that their analysts enjoy searching for micro-cap stocks in Japan and often find companies with single-digit PE ratios, with market caps and cash on the balance sheet. Japan is a region that has always been of interest to portfolio manager Joel Tillinghast. Joel, as you may know, is retiring at the end of 2023. Salim and Naveed provide an update on the multi-year transition that included bringing Morgen Peck and Sam Chamovitz onto the fund, and continues with Joel remaining as an advisor upon his retirement from portfolio manager.

Recorded on May 31, 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.