In our 2025 Outlook presentation, Portfolio Manager Sam LaBell addresses economic risks for 2025, including U.S. fiscal deficits exceeding 5% of GDP, potential 25% tariffs on Canadian goods, and the yield curve inversion. He also analyzes market valuations, noting that U.S. growth expectations remain high at 16%+ while Canadian expectations outside energy and materials have decreased to about 9%. He concludes by laying out the case for investing in Canadian stocks that are exposed to the global economy and have the potential to grow faster than expectations.
In our October quarterly webinar, we discuss our views on the markets, demographic shifts, the U.S. economy, and their implications for investments. Key topics include the transition from the baby boomer generation to millennials, fiscal deficits, inflation risks, employment trends, consumption patterns, bond yields, and potential scenarios for equity market performance. We also provide an overview of the performance and positioning of our funds.
In our mid-year quarterly webinar, we discussed strategic weightings, top performers, demographic and fiscal trends and how our funds are positioned to protect investors from downside risk while participating in a market that could still go higher.
In a 30-minute webinar, Portfolio Manager Sam LaBell discussed key economic trends and investment strategies for the remainder of 2024, focusing on the slowing growth in the U.S. and Canada and the impact of fiscal stimulus on inflation. He sees risks of a near-term correction tied to earnings expectations and valuations, but there are still opportunities for risk-adjusted gains.
Anthony Scilipoti, President and CEO, and Sam LaBell, Portfolio Manager, looked back at how the markets performed in 2023 with a view to how our funds are positioned for 2024.
Veritas’ own Anthony Scilipoti and Sam LaBell discuss various pockets of opportunity and strategies that they believe will perform well in the upcoming year. In particular, they focused on why Veritas Asset Management’s funds are underweight Canadian banks.