FidelityConnects

Canadian equities, inflation, and portfolio positioning - Max Lemieux

June 28, 2022

Joining us today is Portfolio Manager of Fidelity True North Fund, Max Lemieux. As Canada’s CPI print for the month of May came in at a record 7.7%, we wonder how this rising rate environment may be the same or different from other cycles. Will this CPI print affect the Bank of Canada’s rate hike next month? Also, ultimately, what does this mean when it comes to investing in Canadian equities and commodities?  Today, Max highlights that debt-wise, Canada is in good shape relative to other Western countries. Looking at his fund, Max notes that he continues to focus on companies that have a good balance sheet long-term and are well managed and profitable. Max also unpacks if there could be a correction for some commodities in the future, and provides his outlook for Canadian markets looking ahead.

Recorded on June 22, 2022.

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