FidelityConnects

We’re now in the second quarter of 2023. As the quarter begins equity markets have been a bit mixed. And energy is in the spotlight following OPEC’s recent surprise production cuts, which saw an increase in oil prices. Director of Global Macro Jurrien Timmer unpacks the latest oil news and what it could mean for the broader markets. He also examines the banking crisis from a few weeks ago. He believes the fallout of the US banks SVP and Signature Bank does not indicate a systemic crisis. He also discusses bitcoin, the earnings front and how the 60/40 outlook looks at this point in time. Jurrien will be sharing his charts so please head to @TimmerFidelity on Twitter to follow along. Recorded April 3, 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 welcomed recurring guest Cameron Chamberlain. Cameron is a Portfolio Strategist at Fidelity Investments Canada. The focus of the conversation was around ETF industry trends and their impact on portfolio construction. Some of the key topics discussed include the increase in popularity of cash-alternative ETFs as a replacement for fixed-income, duration management in fixed-income, understanding that not all Dividend ETFs are built the same and many more.

Recorded on April 3, 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.

April is a time for spring cleaning, and as we relax this holiday long weekend it’s time to clear our minds and look ahead. On today’s podcast we welcome back Jessie Sarafian, host of our Invested in Wellness podcast and webcast, for a standing flow exercise to put our bodies and minds into the right space. Use this quick standing flow to celebrate a new season of renewal. Grab the whole family for an all-levels class to cleanse and clear our energy for a fresh start ahead.

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.

Energy is in the spotlight today with equity research analysts Thomas Goldthorpe and Lulu Xiong. They'll speak on the global energy markets, Europe's energy supply, and other trends affecting the sector. In her research, Lulu covers midstream and uranium, as well as precious metals. Lulu notes there is really good visibility at what the uranium space will look like over the next few years, which may lead to an attractive investment opportunity. Thomas comments on the overall economic picture and how it impacts oil prices, noting the economy has slowed down so demand for oil is weaker. On the supply side it has not been as bad as expected. Among other topics covered today, they comment on the energy transition, carbon capture technology, liquified natural gas, and more.

Recorded on March 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.

We’re joined today by portfolio manager Patrice Quirion who manages Fidelity Global Concentrated Equity Institutional Trust, for institutional investors. For retail investors, Patrice manages Fidelity Global Concentrated Equity Fund and Fidelity International Concentrated Equity Fund. Patrice explains how the fund is very concentrated with only 50 stocks. He adds it’s also very flexible in terms of geography and sector allocation, plus it spans across the market-cap spectrum to include small, medium and large caps. For him, it’s about looking for the intrinsic long-term value of businesses and what its fair value is in normal market conditions. He also comments on the recent banking sector crisis and the fall out of Silicon Valley Bank. For him the latest banking issues doesn’t affect his fund because he stays away from the US regional banking market. Although it might look like a contrarian opportunity, he says he can’t find the quality predictability level he’s comfortable with in regional banks.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.Recorded on March 30, 2023.

Joining us today is portfolio manager Jeff Moore. Jeff unpacks the latest market activity from a fixed income lens, including where he sees opportunities in the months ahead. The curtains closed in March, and the markets have been putting on a busy and unpredictable performance, leaving investors on the edge of their seats. The Bank of Canada announced a rate pause, the U.S. Federal Reserve raised rates by a quarter of a percentage point, and two banks collapsed. With the markets still trying to piece together what the fall of SVB and Credit Suisse means for the bigger picture, what does it mean for you? Jeff looks at all of this and more today with host Pamela Ritchie. For Canadian investors, Jeff manages several Fidelity fixed income funds including Fidelity Multi-Sector Bond Fund and Fidelity Global Bond Fund and is based out of Fidelity’s fixed income headquarters in Merrimack, New Hampshire. We caught up with Jeff during a visit to Toronto.

Recorded on March 30, 2023.Transcript (PDF): https://www.fidelity.ca/content/dam/fidelity/en/documents/transcripts/transcript-podcast-fidelityconnects-moore-mar30.pdf

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 bring you a special one-hour episode of FidelityConnects, focusing on the 2023 federal budget, which was released on March 28th. Spending on dental coverage, a new grocery rebate, and investment in green technology are some of the big-ticket items tabled in the budget, bringing the projected deficit to 40.1 billion dollars. New tax measures, including a move to target banks with a dividend tax change, also made the final cut. Today we are proud to feature a panel of experts to break down the economic, tax, and political implications of the 2023 federal budget and what it all means for Canadians. Host Pamela Ritchie leads the discussion and is joined by David Herle, a former top advisor to Prime Minister Martin among others, and is a Principal Partner at the prominent research firm, The Gandalf Group. As well as Kory Teneycke, who is a former director of communications to Prime Minister Harper and is a co-founder and CEO of Rubicon Strategy, a full-service public affairs company. Also joining us today are Fidelity’s Tax and Retirement experts, Peter Bowen and Michelle Munro, who were in the Ottawa budget lock-up. Peter is Vice-President of Tax and Retirement Research, and Michelle is Director. Peter and Michelle advise financial advisors and their clients on complex tax issues that affect Fidelity’s investment funds and investors. Rounding out our panel is Fidelity Portfolio Manager David Wolf. David is a member of Fidelity’s Global Asset Allocation team, and a former Adviser to the Governor of the Bank of Canada.

Recorded on March 29, 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.

Paul Ma, VP, Lead Portfolio Strategist, joins the show today to explore where we are in the business cycle and see what that means for portfolio construction. With inflation still sticky and the banking sector taking a hit, Paul discusses options investors can go to in this current market environment. He says that expensive tech companies could be a good investment as they are still seen as dependable revenue generators. Paul adds that in an environment where there is higher inflation, stocks, and bonds are highly correlated and can go down together. You need to look for asset classes less correlated with stocks and bonds. Through slides and charts, Paul explains how alternatives could be a good choice if you are looking for another asset than bonds. He says in the short term, all eyes will continue to be on inflation if that starts to cool down, that could be an environment favorable for equities.

Recorded on March 27, 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.

As the financial and banking sector continues to be under pressure, we speak to Institutional Portfolio Manager Naveed Rahman about what this all means for the global markets, central banks and furthermore the benefits of value investing in this type of market environment. Rahman says the Fed’s current path is a complicated one in that it is dealing with very sensitive and fragile financial conditions, especially in the last several weeks. That being said, Rahman says the underlying components of inflation are pretty robust and well above the Fed’s target of 2 per cent. So for Rahman and his team, they think inflation will gradually grind lower but will remain higher historically. Rahman addresses investors' concerns about the latest events in the markets being similar to the financial banking crisis of 2008/2009. He says although central banks are facing similar issues since that time, banks are better equipped today. Plus they are not making the same credit mistakes and bad loans that they did in 2008. Rahman says the team’s analysis suggests it’s not going to be a repeat of that time. Rahman also speaks to host Bryan Borzkykowski about how investors might position themselves in Fidelity’s Global Intrinsic Value Class during these uncertain times. Rahman says the fund focuses on two main pillars - investing in high quality companies that are consistently profitable and investing in companies that will generate their own cash in a market environment where credit markets seize up. He says the fund tries to find that perfect intersection of high-quality companies with the benefit of a lower beta profile.

Recorded on March 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.

A new survey from BMO finds that Canadians believe they now need a whopping $1.7 million dollars in savings to retire. This figure is up 20% from their 2020 survey, and it comes as Canadian inflation continues to run hot. With a figure that high, is the concept of retirement as we know it archaic? And how are current retirees spending their retirement in today’s high-inflation environment?

David Cravit is today’s guest, joining Bryan Borzkywoski to discuss the post-pandemic trends impacting retirees. David is the Chief Membership Officer and Chief Marketing Officer of the Canadian Association of Retired Persons, and we’ll hear today how retirement planning for boomers has become complicated. According to David, the classic definition of retirement is over. Retirees today are living longer and wanting more out of their retirement, leading to greater cash flow needs. We have CPP, but who is going to pay for the growing demand in the future? David asks what if boomers have 30 more years to live at 65, and notes on average they are not saving enough. Among other topics discussed today, David also thinks that the boomers are going to end the healthcare debate and private health insurance is going to become a major player soon.

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.