Episodes
![Inflation and Canada’s bond market – Sri Tella](https://pbcdn1.podbean.com/imglogo/image-logo/4341375/Fidelity_Connects_podcast_tile_ENG_1400_n9xq5f_300x300.jpg)
Sunday Oct 08, 2023
Inflation and Canada’s bond market – Sri Tella
Sunday Oct 08, 2023
Sunday Oct 08, 2023
Today we welcome Fidelity Portfolio Manager Sri Tella who provides us with his outlook on Canada's bond markets and the indicators to watch for as we head into the fourth quarter of 2023. Following two consecutive rate hikes, the bank of Canada has kept its key interest rate steady at 5%. How are higher interest rates affecting today's fixed income landscape? And which factors are delaying the impact of rate hikes. Sri notes that while inflation remains a concern, signs of economic slowing are emerging, giving the bank of Canada room to observe and evaluate data before making further decisions. Sri and host Pamela Ritchie also discuss the resilience of the Canadian economy, the complexities of the fixed income landscape amid higher interest rates, and the factors delaying the full impact of rate hikes. Sri suggests that the economy's robust performance is partially due to fiscal spending, built-up savings, and pent-up demand. The interview also covers the potential effects of rate hikes on mortgages, consumer spending, and the broader economy. He emphasizes the importance of being cautious in the current market environment, as investors might become complacent amid the ongoing positive economic trends.
Recorded on September 7, 2023.
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