Hello, and welcome to FidelityConnects, A Fidelity Investments Canada Podcast. Connecting you to the world of investing, and helping you stay ahead. In today’s episode, we are once again joined by Director of Global Macro, Jurrien Timmer, to discuss key topics impacting the market in the second half of 2024. Jurrien looks at the current trends and suggests that we can expect a drama-free market. He notes that earnings growth is becoming more resilient, with positive momentum indicating a double-digit earnings growth for the latter half of the year. He highlights the significance of AI in driving economic growth. He explains that AI is one of the few factors that may generate sufficient economic growth to counteract the rapidly growing debt, and that productivity Is crucial for companies during this period to avoid falling into a debt trap. Jurrien then offers asset allocation advice, noting that bonds remain a competitive and viable asset class. He stresses the importance of diversification, suggesting that investors consider a broader range of options, including TIPS, commodities, and alternatives. As always, Jurrien shares his charts so please go to @TimmerFidelity on X (Formerly Twitter) to follow along.

Recorded on June 24th, 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 the third year in a row, FidelityConnects by Fidelity Investments Canada was ranked the #1 podcast by Canadian financial advisors in the 2023 Environics’ Advisor Digital Experience Study.