As we enter another point of uncertainty in the markets, portfolio manager David Tulk joins us to speak about the increasing levels of inflation and what that means for asset allocation. Canada is said to be heading towards the peak of inflation, which is 1% over the comfort zone of 2%. As a result, an elevated degree of understanding is required when digesting forecasts from the Feds and National Banks to gain an understanding of where economies are heading. Right now David sees a benefit to having the Fidelity Inflation-Focused Fund, as this product includes many asset classes including equities, commodities, and bonds which are designed to protect you against the inflationary environment. Finally, David feels we should be cautious of Canadian real estate. By ensuring the housing sector continues to grow, this will uphold our underweight dollar. The number one priority is keeping exposure to a variety of markets and maintaining a heavily diversified portfolio.

Recorded on December 15, 2021.