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.

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