Where are Canadian equities headed?
This piece for Advisor.ca, part of the AdvisorToGo podcast series with CIBC, covered a conversation with Greg Zdzienicki, a client portfolio manager at CIBC Asset Management, on why Canadian equities underperformed U.S. markets amid the AI-driven tech rally of 2023.
Zdzienicki walked through the valuation gap between the two markets, why he remained constructive on Canadian financials, energy, and industrials despite the lag, and his view that a recession hadn't been avoided so much as delayed. Like the AI piece, this one distills a specialist's market read into a short, useful briefing for financial advisors navigating client conversations.
