PODCAST

The Living Market Podcast

IG Wealth Management

Hosted by Philip Petursson, Chief Investment Strategist at IG Wealth Management

business investing

All Episodes

04:24

Politics adds to the loonie’s woes

The Living Market Podcast ·

2024/12/20

The Canadian dollar was struggling even before this week’s political turmoil, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. A soft economy and the difference in monetary policy between Canada and the U.S. had already pushed the loonie down toward US$0.70. The uncertainty following Chrystia Freeland’s resignation means the loonie is likely to lose even more value. Philip discusses the potential market beneficiaries of such a weakened loonie.

08:30

Risks and opportunities: what to watch out for in 2025

The Living Market Podcast ·

2024/12/13

There are several risks we should expect to come across in the new year, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. These include central bank rate cuts (or the lack of them), high valuations, extreme consumer optimism, ongoing geopolitical risks and highly concentrated equities. Philip offers advice on how to protect your portfolio from the volatility that some of these risks could cause, while also taking advantage of the opportunities that they could bring.

06:21

Does the data merit optimism or caution?

The Living Market Podcast ·

2024/12/06

November was a surprisingly good month for U.S. equities after a disappointing October, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. Not only did the Nasdaq and the S&P 500 enjoy the best monthly returns of the year, but they were both outshone by the Russell 2000 (the index of smaller U.S. companies), which saw a monthly increase of 11%, a direct result of euphoria surrounding Trump’s America First agenda. Philip asks, is this performance sustainable, or have

06:53

What does 2025 have in store?

The Living Market Podcast ·

2024/11/29

In this special podcast, IG Wealth Management’s Chief Investment Strategist, Philip Petursson presents his economic outlook for the new year. He discusses how growing demand and manufacturing are boosting the global economy, how inflation is likely to develop, the pros and cons of a weak Canadian dollar and diverging central bank policies. Philip also explains how bonds are poised to deliver good long-term returns, which could in turn put pressure on stock prices. He feels that this pressure, along

04:49

Domestic U.S. policies put smaller companies in the...

The Living Market Podcast ·

2024/11/22

The Forgotten 493 and smaller U.S. companies have been making a comeback since the U.S. elections, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. These smaller companies derive most of their income from within the U.S. and so are considered more likely to benefit from the American-first policies expected from the incoming government. Philip says that it’s the ideal time to start broadening your exposure by looking beyond the Magnificent Seven (Apple, Microsoft, Amazon,

05:19

What’s driving the post-U.S. election wild ride?

The Living Market Podcast ·

2024/11/15

Markets have been on a wild ride since the U.S. election results, says Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management. The S&P 500 reached a new high, bitcoin mania is back, and credit spreads are reaching levels not seen in over a decade. However, Ashish believes that markets are too eager to price in the benefits while ignoring the risks. He explains the differences in market conditions between the beginning of Trump’s first and second terms, and why he

05:03

Making sense of the market’s post-election reaction

The Living Market Podcast ·

2024/11/08

IG Wealth Management’s Chief Investment Strategist, Philip Petursson discusses the most important things to understand to make sense of the market’s reaction to the U.S. election results. He explains how the post-election period has historically been a favourable time for the stock market, and how tax cuts, trade tariffs and futures are likely to pan out. He also provides three key take-aways around equity performance, long bond yields and U.S./Canadian dollar valuations.

25:15

How to be tax smart with your donations

The Living Market Podcast ·

2024/10/29

The end of the year is often a time when investors think about ways to minimize next year’s tax bill, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. In this special edition of the podcast, Philip and his guest, IG’s Aurèle Courcelles, Assistant Vice-President, Tax and Estate Planning, explain how to make tax-efficient charitable donations. Aurèle discusses how to reduce your tax bill with in-kind donations, life insurance donations and charitable foundations.

04:22

Will this jumbo rate cut be followed by more?

The Living Market Podcast ·

2024/10/25

Canadian consumers have been in need of some serious interest rate relief, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson, and the Bank of Canada gave them just that this week, with a half-a-percentage-point rate cut. While this came as little surprise (markets had been pricing in this rate cut for a couple of weeks) it was still very welcome. Philip explains what this will mean for mortgage holders, the loonie and the economy, and what kind of cuts we might expect going

05:13

How tariffs could damage the U.S. economy

The Living Market Podcast ·

2024/10/18

If elected, Donald Trump is promising to impose higher tariffs on imports from China and other countries, says Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management. Tariffs are designed to protect domestic industries, incentivize change in foreign countries and generate revenue for the U.S. federal government. However, as Ashish explains, there are several negative side effects to tariffs that could have a significant impact on the U.S. economy in 2025.

05:00

Will the Bank of Canada surprise with a high rate cut?

The Living Market Podcast ·

2024/10/11

In the Bank of Canada’s (BoC) next meeting, a larger-than-previously-expected rate cut of 0.5 percentage points is likely, says Pierre-Benoît Gauthier, Vice-President, Investment Strategy at IG Wealth Management. Given that inflation has been tamed (it’s now down to 2% — or 0.5% if you cut out shelter costs) and the economy has stalled in the last couple of years, it makes sense that the BoC will surprise us with a larger rate cut. Pierre-Benoît explains what this will mean for investors.

05:04

Signs of optimism from the third quarter

The Living Market Podcast ·

2024/10/04

In his review of the third quarter of the year, IG Wealth Management’s Chief Investment Strategist, Philip Petursson delves into the reasons behind investors’ growing enthusiasm for higher-risk investments. He also gives an overview of the quarter’s highlights, including Canadian, European and (finally) U.S. central banks cutting interest rates (having won the battle with inflation); the shift to supporting weakening labour markets; the effects of Chinese stimulus measures; and the likely impact of

04:36

China gets serious about the economy

The Living Market Podcast ·

2024/09/27

China is finally getting serious about its economy and its stock market, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. After seeing Chinese stocks lose $6 trillion in value over the last three years, the People’s Bank of China has just announced some significant policies aimed at giving its ailing stock market a huge boost. Philip discusses whether these policies will be enough to make a difference and asks, if they do succeed, what will the consequences be for other

04:45

Does a return to yield curve normalcy indicate a...

The Living Market Podcast ·

2024/09/20

The longest inverted yield curve in history is finally coming to an end, says Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management. An inverted yield curve is when long-term bonds have lower yields than short-term bonds (an unnatural situation, given that long-term bonds are riskier and therefore typically provide a higher return). Ashish explains what the end of an inverted yield curve has historically meant for the markets and whether it could signal an upcoming

04:52

Will a large interest rate cut have the right effect?

The Living Market Podcast ·

2024/09/13

The U.S. Federal Reserve (the Fed) needs to tread carefully with any upcoming rate cuts, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. Many financial commentators are expecting a significant cut (of 50 basis points) because of weakening economic data and a more volatile market. However, Philip asks, will a large rate cut have the right effect? He argues that it’s not the Fed’s job to soothe the markets and that we should keep rate cut expectations real.

04:29

The latest member of the $1 trillion club

The Living Market Podcast ·

2024/09/06

Berkshire Hathaway, the investment company run by Warren Buffet, recently hit the $1-trillion-value mark, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. Since 1987, Buffet’s company has returned an average of 16.7% annually, considerably more than the S&P 500’s average return of around 11% over the same period. Philip explains why the company often performs well when markets are down and why his team’s tactical tilts are mirroring those of Berkshire Hathaway; cutting

05:28

Where are the recent gains coming from?

The Living Market Podcast ·

2024/08/30

What drives one stock index to outperform another? This is the key question that IG Wealth Management’s Chief Investment Strategist, Philip Petursson explores in considering whether recent gains on the S&P/TSX Composite are coming from the success of the companies that make up the index, or are the gains the output of something else altogether.

06:30

Lessons we learned from this earnings season

The Living Market Podcast ·

2024/08/23

IG Wealth Management’s Chief Investment Strategist, Philip Petursson reviews the most recent earnings season. This is when companies report their quarterly revenue (sales) and earnings (profits). Philip explains the difference between the two, how disappointing revenue can still result in increased earnings, which sectors were this season’s winners and losers, and what needs to happen for S&P 500 stocks to continue to increase in value.

04:54

Are we missing the bigger picture?

The Living Market Podcast ·

2024/08/16

It’s easy for market participants to get obsessed with tiny details, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. Right now, it’s an obsession with the U.S. Federal Reserve’s next move on cutting rates, which would require an acceptance that the economy is weakening. At the same time, however, markets expect earnings to grow by 10% over the next 12 months, suggesting a strong economy. Given this paradox, Philip says that now is the time to step back from the minute

04:50

How a carry trade works and why it’s causing such...

The Living Market Podcast ·

2024/08/06

On Monday, Japan’s Nikkei index saw its worst two-day drop ever, having reached an all-time high just three weeks ago, says Ashish Utarid, Assistant Vice-President, Investment Strategy. While several factors were in play, one in particular seemed to spark this extreme volatility: the carry trade. Ashish explains how a carry trade works, how it’s at risk from currency fluctuations and what you can do to help protect your portfolio from this kind of volatility.

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