FidelityConnects

We stand at the halfway mark of what's been a significant year in the markets so far. Severe tariff changes globally, a shift from U.S. exceptionalism to international investments, and government and policy changes in the U.S. and Canada, have all caused notable fluctuations in markets and currencies. So as it stands now, what changes in the economic landscape and what factors may drive investment opportunities in the second half of 2025? On today's episode, to share his overall thoughts on the market and what trends he's keeping an eye is Fidelity Chief Investment Officer and Portfolio Manager Andrew Marchese. Recorded on June 3, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Much of the equity trade so far this year has had an international flair. In the midst of a week flavoured by a difficult deficit backdrop, the headlines will be powered by the International trade agenda, both across the oceans, and here at home. How do investors get set with some new portfolio discussions that bring asset allocation for a new era to the fore? The man who has been thinking through this question over the past week -  and has illustrated it for you - joins the show today, armed with charts and graphs that tell part of this market's story. Joining the show today is Fidelity's Head of Global Macro, Jurrien Timmer. Recorded on June 9, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Today's guest is Ilan Kolet, institutional portfolio manager and member of Fidelity's Global Asset Allocation, or GAA team. Ilan helps manage billions of dollars on behalf of Canadians. He discusses the latest Bank of Canada rate decision, what it means for Canadians, and what could be next. We'll also dive into the latest tariff news and unpack the U.S. tax bill. This show was initially presented as a live webcast of The Upside, our investor webcast. Recorded on June 6, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

The Bank of Canada's decision to leave interest rates at 2.75% tells Canadians that at this stage, the bank's eye is firmly on inflation. However, Governor Tiff Macklem made comments at the press conference showing a willingness to cut rates, if the Canadian economy showed signs of distress later this year. On today's show to help us dig into the considerations being taken by the BoC at this critical juncture - and for his view on how to allocate and balance portfolios in a somewhat more international trade, is Fidelity Portfolio Manager David Tulk. Recorded on June 5, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Let's shift focus to a year from now. Keeping in mind the power of compounding, investing in high quality companies right now - in fortress North America - might just be the sensible option for investors sitting amidst rocky headline news. How can what you do today, in evaluating and choosing companies, help on the road to next year? Luckily, today's guest is the perfect person to put that question to. Joining the show today is Fidelity portfolio Manager Darren Lekkerkerker, who manages Fidelity North American Equity Class, Global Natural Resources Fund, and the equity sub-portfolio of Canadian Balanced. Recorded on June 3, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Global markets have been shaken to the core after months of policy changes and tariff moves from the U.S. administration. As we steer away from this era of U.S. exceptionalism, eyes are on other investment opportunities across the globe. How is today's guest navigating complex market currents, and what areas is he leaning into? Joining the show today to discuss how he's unlocking global opportunities in China, other parts of Asia, Europe and elsewhere is Fidelity portfolio manager, Patrice Quirion. Recorded on May 29, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.  

As investors stickhandle through news of global tariff uncertainty, an increasing option for steadying the ship is alternatives. Fidelity's growing universe of alts offers ways to include private real estate investments, cryptocurrencies and equity long/short strategy exposure to various portfolios. For instance, how can a longer term view on private real estate add ballast to your client's investments while short term market volatility reigns in these markets? On today's show to take us into the world of alternatives and how they could play a vital role in your clients' portfolios is Fidelity alternative investment strategist, Brendan Sims. Recorded on May 30, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.  

As markets allowed for some relative calm through the end of last week, they are set up now for a heavy macro time. In the midst of a shifting trade narrative and with the ramifications of increasing global liquidity, can the equity markets quietly climb the wall of worry? Has the peak of uncertainty passed? Joining the show today to discuss his global macro view on equities, bonds and the players driving a more mercantilist world, is Fidelity Head of Global Macro, Jurrien Timmer. Recorded on June 2, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.  

A broader look at the earnings picture shows revisions have been vast so far this year. A trend almost in lock step with the tariffs story. Does this overall market adjustment on earnings revisions suggest a contrarian signal? If it does, which sectors may be best positioned for potential earnings beats or, even earnings ‘meets', on previous expectations. Also, if we have passed April's peak tariffs worries are recession worries also in the rear-view mirror? Joining us to share her research on both the earnings picture and how she manages the math on recession risk is Denise Chisholm, Fidelity Director of Quantitative Market Strategy. Recorded on May 29, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Emerging markets present the opportunity to invest in developing nations with fast-growing economies. In 2025, emerging markets have attracted significant investor interest, particularly in parts of Asia, Latin America and emerging Europe. Chinese equities have had a strong year, driven by fiscal stimulus and a recovery in large-cap tech stocks. But how will policy uncertainty and geopolitical tensions impact emerging markets? Will tariffs or the fluctuating U.S. dollar play a part? Host Pamela Ritchie is joined today by Abhijeet Singh, institutional portfolio manager, to discuss all of this and more.  Recorded on May 28, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

On today's episode, we'll count down the top 5 May highlights from our FidelityConnects show. Connects is live daily for advisors, and then available on replay for all as a video podcast. Markets in May began like April, with global markets experiencing volatility. U.S. markets faced challenges due to President Trump's trade policies, including the imposition of tariffs on imports from Canada, Mexico and China. By mid-May, the market showed signs of recovery, accelerated by eased trade tensions and investor optimism. Canadian stocks have remained stable, as have global markets, notably European and Chinese markets outperforming, driven by strong economic data and investor confidence. This show was initially presented as a live webcast of The Upside, our investor webcast. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

May marked the 10-year anniversary of Global Intrinsic Value Class. Spearheaded by Joel Tillinghast in 2015, the fund has steadily earned a reputation for its disciplined approach to global equity investing. As it enters its second decade, how is the team's investment approach evolving to meet the demands of an increasingly complex global market? And what lessons from the past 10 years are shaping the next phase of the fund? Host Glen Davidson is joined by portfolio managers Sam Chamovitz, and Morgen Peck, alongside institutional portfolio manager, Naveed Rahman to discuss all this and more. Recorded on May 27, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

President Donald Trump's recent tariff threat on the European Union, followed by a subsequent delay, boosted European and Asian markets to start the week. What is currently shaping the markets, and what signals is today's guest looking to for clues about the path forward? Joining host Pamela Ritchie to unpack the macro themes on his radar, and to set you up for the trading week ahead is Fidelity Director of Global Macro, Jurrien Timmer. Recorded on May 26, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

U.S. treasury yields are on the rise. Members of the House have approved a new bill with a staggering $4 trillion dollar price tag, pushing yields to levels not seen since 2023. With current yields suggesting caution while equity markets remain buoyant, our next guest says this disconnect could challenge the traditional 60/40 portfolio. Could this be a tailwind for long/short strategies. Joining host Pamela Ritchie to unpack the portfolio benefits of liquid alternatives and provide you with an update on Fidelity Long/Short Alternative Fund is portfolio manager, David Way. Recorded on May 22, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

In an era of headline volatility, our next guest stands out for the conservative nature of her funds - focusing on downside protection and long-term resilience. So where is she finding the biggest alpha opportunities? And how do dividend-paying stocks bolster her downside protection? Host Pamela Ritchie is joined today by Ramona Persaud, Portfolio Manager, to unpack all this and more. Ramona manages several funds including Fidelity U.S. Dividend Fund. Recorded on May 20, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Catch up on the best moments from VISION+, one of Fidelity's premier advisor events, featuring insights from Patrice Quirion, Becky Baker and other Fidelity experts. VISION+ welcomed thousands of advisors in person and online who heard Fidelity's portfolio managers share their latest perspectives on the markets and where they are finding investment opportunities. FOMO? Don't worry. Today's podcast has the day's top highlights for you. This show was initially presented as a live webcast of The Upside, our investor webcast. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

The price of oil has been declining. Brent crude and West Texas Intermediate - the two key benchmarks - are down more than 50% from their peak in 2022. Today's guest says, in a market hyper-focused on headwinds – particularly tariffs – it's worth acknowledging that cheaper oil is like a sneaky little tax cut. What do lower oil prices signal about the markets, and which sector benefits most from this dynamic? Joining host Pamela Ritchie to unpack her latest market thesis, including the sectors on her radar, is Fidelity Director of Quantitative Market Strategy, Denise Chisholm. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Young Canadians are already taking steps to save, invest and build a strong financial future. On today's episode, join our panel of Fidelity experts to unpack a recent IPSOS study on young Canadian investing trends. Host Emily Anonuevo sits down with Kelly Lannan, Sarah Mocherniak and Audrey Kim to discuss what platforms young investors are using, who they are looking to for advice and what investing products are resonating with them. This show was initially presented as a live webcast of The Upside, our investor webcast. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

North American equity markets are seeing some relief. Markets got a massive boost after the U.S. and China agreed to a 90-day pause in their trade war. What is our next guest hearing from CEO's about the trade volatility? And what investing strategy is he adopting as this all plays out? Joining host Pamela Ritchie for a look at how the Canadian investment landscape is unfolding, and how he's navigating today's markets is Joe Overdevest, portfolio manager of Fidelity Global Natural Resources fund. Recorded on May 14, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

On Thursday May 8, Fidelity Investments Canada hosted VISION+, a full-day event connecting Fidelity's portfolio managers and experts with thousands of advisors joining both in-person and virtually across the country. Select sessions are available as FidelityConnects podcasts, and advisors can watch the event replay on fidelity.ca. On today's podcast, Patrice Quirion takes the stage at VISION+ to talk about the current global market environment, and his funds, Fidelity Global Fund, Global Concentrated Equity, and International Concentrated Equity. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.  

Denise Chisholm is a student of history who uses historical probability analysis when looking at the markets in her role as Director of Quantitative Market Strategy. On this episode of The Upside, Denise will share the sectors, trends and underlying indicators moving markets in May 2025 that investors should looking at to evaluate the strength of the market. This show was initially presented as a live webcast of The Upside, our investor webcast. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Dividend-focused portfolio manager Ramona Persaud was rated by Morningstar as one of 2024's top ten female portfolio managers, based on risk-adjusted returns. For Canadian investors, Ramona manages both U.S. and global funds: Fidelity U.S. Dividend Fund, and the equities sub-portfolio manager on Global Dividend and Global Monthly Income. In today's podcast, Ramona shares what she looks for in a dividend-paying company, reflects on 2025 so far, and provides a U.S. and global outlook for the remainder of the year. This show was initially presented as a live webcast of The Upside, our investor webcast. Recorded on April 28, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

On Thursday May 8, Fidelity Investments Canada hosted VISION+, a full-day event connecting Fidelity's portfolio managers and experts with thousands of advisors joining both in-person and virtually across the country. Select sessions are available as FidelityConnects podcasts, and advisors can watch the event replay on fidelity.ca. On today's podcast, Adam Kramer and Scott Mensi take the stage at VISION+ to share their current positioning and outlook for the year 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.  

On Thursday May 8, Fidelity Investments Canada hosted VISION+, a full-day event connecting Fidelity's portfolio managers and experts with thousands of advisors joining both in-person and virtually across the country. Select sessions are available as FidelityConnects podcasts, and advisors can watch the event replay on fidelity.ca. On today's podcast, Étienne Joncas-Bouchard and Brendan Sims take the stage at VISION+ to share their thoughts on industry trends in the ETF and alternatives space.  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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

After weeks of volatility, tech giants like Meta and Microsoft beat Wall Street expectations, lifting indices higher. Although earnings lifted tech stocks, it's important to remember these results reflect a period before Liberation Day. So looking ahead with a longer-term lens, how is today's guest thinking about positioning? And which tech subindustry is he leaning into? Joining the show today to unpack what's shaping the tech sector, and how he's using his strategy to find opportunity, is Technology Innovators Fund Portfolio Manager, HyuonHo Sohn. Recorded on May 7, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

On Thursday May 8, Fidelity Investments Canada hosted VISION+, a full-day event connecting Fidelity's portfolio managers and experts with thousands of advisors joining both in-person and virtually across the country. Select sessions are available as FidelityConnects podcasts, and advisors can watch the event replay on fidelity.ca. On today's podcast, David Wolf, David Tulk and Ilan Kolet take the stage at VISION+ to talk about their global asset allocation outlook. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

On Thursday May 8, Fidelity Investments Canada hosted VISION+, a full-day event connecting Fidelity's portfolio managers and experts with thousands of advisors joining both in-person and virtually across the country. Select sessions are available as FidelityConnects podcasts, and advisors can watch the event replay on fidelity.ca. On today's podcast, Becky Baker takes the stage at VISION+ to talk about how Fidelity U.S. Growth Opportunities Class and the current market environment. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.  

Markets rallied at the start of this week. In a significant development last weekend, the United States and China have agreed to a temporary trade deal. Negotiated in Geneva, the two countries will be drastically reducing tariffs on each other's goods. Announced as an initial 90-day pause, this major de-escalation demonstrates that both countries want to focus on easing the escalating tensions seen over the last few months. What does this announcement mean for U.S. and international markets going forward? Joining the show today to unpack the macro themes on his radar, and to set you up for the trading week ahead, is Fidelity Director of Global Macro, Jurrien Timmer. Recorded on May 12, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

On Thursday May 8, Fidelity Investments Canada hosted VISION+, a full-day event connecting Fidelity's portfolio managers and experts with thousands of advisors joining both in-person and virtually across the country. Select sessions are available as FidelityConnects podcasts, and advisors can watch the event replay on fidelity.ca. On today's podcast, Dave Way takes the stage at VISION+ to share his investment philosophy and his current market outlook. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Consumer spending is holding steady. Despite tariff announcements and a widening trade deficit, U.S. consumer spending increased solidly in March. But are we out of the woods? And how is Fidelity's research culture empowering analysts to challenge ideas and drive results? Joining the show today are Director of Research and Portfolio Manager Steve MacMillan, and Equity Research Analysts David Cochrane and Nic Everett for a look at what's driving U.S. equities, and where opportunity for investors may lie. Recorded on May 6, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

U.S. equity markets are under pressure this morning following further tariff threats by President Trump. But as today's guest notes, we've now seen twice that sharp market selloffs have prompted the administration to retreat from its more extreme tariff measures. What clues might this tell us about spreads? And with a Federal Reserve announcement this week, might policymakers have no option but to stay on hold? Joining the show today to unpack the macro themes on his radar, and to set you up for the trading week ahead is Fidelity Director of Global Macro, Jurrien Timmer. Recorded on May 5, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.  

Tariffs top the worry list as earnings season kicks into high gear. In the industrials and energy sectors, leaders point to rising input costs and choppy demand, both driven by tariff uncertainty. How are today's guests navigating the noise, and still finding pockets of growth? And why might today's environment be the perfect storm for long-term opportunity? Joining the show today for a closer look at how tariffs are impacting the global energy and U.S. industrials sectors are Equity Research Analysts Jin Hwang and Payton Liske. Recorded on May 2, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

We're now into May, and April had no shortage of headlines with several major stories playing out globally. Tariffs and trade wars continue to be top of mind, as was an election for us Canadians. This episode will be reflecting on the month of April featuring clips from our Fidelity Connects and Upside webcasts. This show was initially presented as a live webcast of The Upside, our investor webcast.  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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

In today's market environment, contrarian investing isn't for the faint of heart. As the TSX continues to find its footing against the global market backdrop, investors are being challenged to look past the noise and stay focused on what truly creates value. This is where active management earns its keep and where conviction counts most. What if this environment isn't chaos but calibration? Where is today's guest finding optimism amongst it all? Joining the show today for a look at how he's navigating today's market environment is Portfolio Manager Hugo Lavallée. Hugo manages several Fidelity funds including Fidelity Canadian Opportunities Fund and Fidelity Greater Canada Fund. Recorded on May 1, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Election Day was earlier this week. After months of leadership uncertainty, Canadians now have a leader with a clear mandate. What might this mean for investors and future interest rate decisions? And as we close out the second quarter, what can recent flows tell us about investor sentiment? Joining the show today to discuss the second quarter in review, and for a look at what's unfolding and how it may impact your portfolio, is Fidelity Director of ETFs, Andrei Bruno. Recorded on April 28, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Canada has voted. The Liberals have secured a minority government. Led by Mark Carney, the party is leading with 168 seats, falling just shy of 172 needed for a majority. The Conservatives are set to remain in opposition. So, what could a 4th Liberal mandate mean for Canada's economy, and your investments? And how are Canada and the world reacting to the news? On today's show, we have a panel of experts to break down the results of the federal election. David Herle is a former top advisor to Prime Minister Paul Martin, and host of popular political podcasts, “The Herle Burly” and “Curse of Politics”. David is also Partner at Rubicon Strategy. Also joining the show are Fidelity portfolio manager, David Wolf, and Fidelity Vice President of Tax and Retirement Research, Peter Bowen. Recorded on April 29, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Average loans are currently trading around 95 cents on the dollar - the lowest since November 2023. And today's guest sees opportunity in the discount. Still, it's not a market without its challenges. Investment sentiment is mixed, volatility has crept in, and there's a wide dispersion in pricing. But that's exactly where Fidelity's deep research and active management can shine. So what role can loans play in portfolios today? And how is today's guest looking to history to navigate the current landscape? Joining the show today to unpack the state of the loan market, and what it could mean for investors right now is Fidelity Portfolio Manager, Eric Mollenhauer.  Eric is the sub-portfolio manager of Fidelity Inflation-Focused Fund, and co-manages Fidelity Floating Rate High Income Fund. Recorded on April 25, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

The federal election is just days away, and a record 7.3 million Canadians have already cast their ballot. With costed platforms now released by each major political party, how do each compare on key issues like taxes, housing, and economic recovery? I am pleased to be joined today by Canada's Former Top Civil Servant, Michael Wernick for a look at how the election trail is unfolding, and what Canada's first 100 days with a new Prime Minister might look like. Michael served as the 23rd Clerk of the Privy Council and Secretary to Cabinet from 2016 to 2019. With 28 years as an executive in the federal public service, including 17 years in the community of deputy ministers, and three as clerk, Michael is one of Canada's most experienced and influential public sector leaders. Recorded on April 24, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Today we're continuing our CEO series with a very special guest - the driving force behind one of the most influential social platforms on the web. Steve Huffman is the co-founder and CEO of Reddit - the online home to millions of conversations, including Fidelity Canada's popular “Ask Me Anything” community. For those who may not be familiar with the platform, Reddit is a massive online network of communities where people dive deep into topics they are passionate about- from investing and personal finance to technology, science and pretty much everything in between. Under Steve's leadership, Reddit has grown to a cultural force. So how is Reddit re-shaping the future of online engagement? And what opportunities does it present for advisors? Joining the show today is Reddit's Co-Founder and CEO, Steve Huffman, to unpack all this and more. Recorded on April 22, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

This month we're celebrating 7 years of FidelityConnects - and 7 years of Fidelity Founders Class - a core equity strategy with a large-cap, growth bias, focused on harnessing the entrepreneurial spirit of founder-led companies. And in a full circle moment, Founders Class portfolio manager Dan Kelley was our first guest on Connects! As we reflect on the past seven years, we've seen a dynamic macro environment reshape the way investors think, act and allocate. So how has the environment influenced the way founder-led companies are identified? And what continues to drive long-term conviction? Joining the show today are portfolio managers Dan Kelley and Tom Williams, for a look back - and forward - at how those shifts have impacted both the market and the fund. Recorded on April 23, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

For the first time in over five years, tech valuations have come down. Prices have cooled, but earnings expectations remain steady. This disconnect has caught the attention of today's guest - especially with the sector trading in line with consumer staples. So what's driving this reset? And what might it tell investors about the tech sector moving forward? Joining the show today to unpack her latest market thesis, including the sectors on her radar, is Fidelity Director of Quantitative Market Strategy, Denise Chisholm. Recorded on April 24, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

U.S. equity markets opened under pressure at the start of this week. This drawdown comes after each of the three major averages logged a third weekly decline in the last four trading weeks. How anatomically similar is today's market drawdown to 1998? And will it last, or is it just an interruption? Joining the show today to unpack the macro themes on his radar to set you up for the trading week ahead is Fidelity Director of Global Macro, Jurrien Timmer. Recorded on April 21, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

The Bank of Canada is holding its key lending rate at 2.75 per cent. This is the first pause after seven consecutive rate cuts, and Macklem cites Trump's tariffs for the decision. Is this the end of the bank's easing cycle, or truly a pause in light of global trade uncertainty? Joining the show today to unpack all this and more is renowned economist Don Drummond. Don is a former Chief Economist at TD Financial Group, and current Stauffer-Dunning Fellow and Distinguished Visiting Scholar in the School of Policy Studies at Queens University. Recorded on April 17, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Flows into international markets have surged. As investors grow cautious of President Trump's trade policies, many are stepping away from the U.S. and putting their money elsewhere. Another hot spot for investors has been in Money Market funds. What messages are capital flows sending about the global economy? And as uncertainty prevails, which products can help protect and reduce risk? To help us make sense of it all in this month's ETF Roundup is Fidelity Director of ETF and Alternatives Strategy, Etienne Joncas-Bouchard. Recorded on April 16, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Join Ilan Kolet, Institutional Portfolio Manager, as he breaks down the latest Bank of Canada decision to hold the key lending rate at 2.75%, and its impact on inflation, mortgages and your wallet. Ilan, a former Bank of Canada analyst, will also explore how the upcoming federal election could affect Canadians' finances, and the latest developments in tariff and trade troubles with our southern neighbours. This show was initially presented as a live webcast of The Upside, our investor webcast.  Recorded on April 17, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Positive news last week for Canada's economy - the annual inflation rate fell to 2.3 per cent in March from 2.6 per cent in the previous month. While this drop offers a moment of relief for consumers and policymakers alike, it comes at a time when global markets grapple with mixed economic signals. With the U.S. seeing an exodus of investment, Canada's market performance continues to stand out, outperforming its peers. What are some of the benefits to investing in Canada today? And which “super sectors” is today's guest closely watching? Joining the show today is Fidelity Director of Research and Portfolio Manager, Reetu Kumra, for a look at how a position in the Canada Long/Short Alternative Fund may benefit you and your clients. Recorded on April 15, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

U.S. equity markets jumped at this week's open after Trump announced a tariff exemption on select electronics. This rally emphasizes the fickleness of Trump's governance style - reflecting the market volatility. By contrast, last week, all U.S. assets were on sale, which today's guest points out, raises the possibility that foreign investors are retreating their capital. And he says, “If a trade war morphs into a capital war, then there's more at stake than tariffs.” Joining the show today to unpack the macro themes on his radar, and to set you up for the trading week ahead is Fidelity Director of Global Macro, Jurrien Timmer. Recorded on April 14, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Canadian industrials are caught in the eye of the tariff storm. As trade tensions ripple through global supply chains, some sub-industries are finding unexpected opportunities in the reshuffling. What are some of the potential tariff off-ramps, and could they act as a positive catalyst for markets in the months ahead? Bobby Reynolds, Equity Research Analyst, is today's guest, joining host Pamela Ritchie for a deep dive into the forces driving Canada's industrials and automotive sectors. Recorded on April 11, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Fixed income investors have been taken on a wild ride recently. Though investors typically flock to treasury's during times of market volatility, a bond sell off on Wednesday caused yields to spike. And when President Trump later announced a reprieve on most tariffs, followed by Thursday morning's cooler-than-expected inflation report, yields swiftly lowered. How are our next guests digesting the latest market moves? And what do they think this might this mean for the Fed moving forward? Joining the show today to discuss all this and more through a fixed income lens are Fidelity Portfolio managers Sri Tella and Lee Ormiston. Recorded on April 10, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Global markets did a 180 on Wednesday, marking a historical surge after Trump announced a 90-day reprieve on some his reciprocal tariffs. Thursday morning, markets settled lower at the open as investors remain cautious, recognizing that volatility is far from over. Still, some analysts see opportunity in the chaos, pointing to historical patterns that suggest sharp downturns can pave the way for strong rebounds. Joining today's show for another impactful edition of Sector Watch, is Fidelity Director of Quantitative Market Strategy, Denise Chisholm. Recorded on April 10, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Global markets opened sharply lower on Wednesday after China announced retaliatory tariffs on the U.S. Here at home, the ongoing trade war has pushed the TSX Composite to an eight-month low. As market uncertainty persists, what strategy is today's guest adopting, and which pockets of the market might Canadian investors want to focus on moving forward? Joining us today to unpack the Canadian equity landscape and to provide update on Fidelity True North® Fund is Portfolio Manager Max Lemieux. Recorded on April 9, 2025. 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 a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.