Max Lemieux, portfolio manager of Fidelity True North® Fund, discusses the outlook for the Canadian economy as investors look for stability in an ever-changing market landscape. Max notes that ESG investing has been dominant in Europe and other parts of the world for some time now, and is slowly making its way into North America. One ESG opportunity for Canada could be natural gas, although this could be affected by the upcoming U.S. election and the level of exports. Max is looking for Canadian companies that operate in other countries, so their growth isn’t tied entirely to Canada, and he currently owns some of these companies in the Fund.
Recorded on October 8, 2020.