BNN - Thursday, May 23, 2024 - 09:00 a.m. (ET) - Segment #4

has run. As far as it what's, what's a good piece of advice to consider as an investor, if you if you want to go where the trend is going, but you also don't want to get caught up in in buying an investment when it's had such a run and maybe seems like it's putting your, your, your potential returns at risk. >> Things are in their unique ways to play the artificial intelligence bill dowd and other industries that will be impacted. There are actively managed etfs that covered data centre bills build that play reshoring infrastructure build in the united states. And those that play specifically on artificial intelligence to there's ways don't diversified basket, even if you don't have that much to invest, if you will in play that the more broadly rather picking one star that may or may not end up 5 or 10 years from now being the leader so the analogy would be back in the late 90's when we had the initial flasch, if you will, an initial build-out of the internet itself and eventually every single company out there, every had to have an internet strategy, whether or not you are dot com stock, same thing here. Since artificial intelligence. Well touched so many industries, it's important to think through where those industries, they're going to lean into that that trend or lean into that new technology and really benefit from where they're going to be able to deploy artificial intelligence to alongside some of the manual tasks that consumer or employees have done. And so there's a whole variety of ways to plan. But there are also some focused ets to a lot of people to participate with that a bit more broadly than a single stop. >> Meanwhile, as much attention we're seeing focused on ai and the tech sector. I'm looking even at the canadian market to stand at sectors this year have been materials. They've been under a little pressure last couple of days, gold and copper trailing off a little bit and industrials and both of those are sectors that you like as an investor right now, how come? >> Well, a big piece of relays to artificial intelligence really is a component of a much bigger trend, which is reshoring bringing manufacturing back to the united states are back to north america reshoring friendshoring bringing things back here. And so then industrial revolution, if you well, is probably the biggest investment that we've made in the united states, in particular, since we are here to the interstates. Back in that in the 1950's and early 60's. And that change the conversation composition of our economy and fast plays then into use step back and start sorting through. They don't realize. And so industrials, technology, you know, it's one thing to talk about our official intelligence, but you have to poke all of those new data centres to a grand in our great need, substantial improvement our that improvement comes from industrial companies building new facilities. It comes from the medals there are needed for they electronic vehicles that there were also trying to green the grid. So there's a lot of reasons to be really positive about not just technology, but a broader swath of industries. And finally on on geography. I notice japan was on your a reminder to our audience that as much as talk about the tsx of the s&p the nikkei's had stronger performance than both this year. >> Warren buffett got a lot of people curious about japan because he made some that's not market. But what do you like japan right now? Think it's important there to remember too, that the strong performances years coming after decades of underperformance. So there's a piece to that. >> Eat the index itself. Important to remember that japan's index, unlike many of the other developed market indexes is more similar to the U.S. and that there's a component technology names. And that index. And so there's that piece, but there's fundamentally and structurally a lot going on in japan, in terms of government, in terms of trying to get the values, which ares trading substantially below one one times in that country out there's a lot of activity going on in structurally to so first time. Many of the younger workers and sighting ever seeing wage increases because and it's coming from decades of a negative rate environment to a new trailer increased rate environment might be one of the only countries in the glow that will look to be hiking rates actually and some amount of inflation embedded in their economy. So there's a lot of reasons to be positive on to >> Carol, it's great to get your perspective. Thanks as always for joining us. Nice to see a. Thank you. Have a good weekend to carol's life. Joining as chief investment officer at the bmo family office inc will talking with carol about tech. A reminder

that on market call yesterday kim bolton was our guest and kim's picks this time around include cisco systems, cisco's kind interesting with their latest quarterly results because they've had some challenges with getting additional business from existing customers with a lot of their switches, largely because a lot of their customers are sitting on too much inventory. But remember, they made a big acquisition of a software business splunk, which is already proving to be a beneficial one to them. And we can listen to our podcast from warren kim's thinking behind cisco pick western digital, which is well like stock on wall street was also on his list and digital realty, is a really more it's, it's a real estate play to really the focus on data centre properties that kind of stopped on today's edition of market call. Eric nuttall will be joining us. And of course, eric fields all sorts of questions on the energy sector. She can look forward to getting those questions in at noon eastern. 9:00am pacific. Coming up. We're going to take a look some of the stories that we've been tracking in toronto trading this morning, including td bank after the latest quarterly results. And an update on some of the headwinds the company is dealing with in the united states as well. We'll be right back. Closed captioning of this bnn Bloomberg program is brought to you by Stenner Wealth Partners of cg Wealth Management. Outgrown your advisor? We manage portfolios of over 10 million dollars. Hi, I'm Jessica Katrichak. Coming up on btv. Casino right now has a full feasibility on it. It was done in mid 2022. So quite current. We're taking the project through the permitting stage. It is a very important asset globally. That's what attracted me to the company. It's about 11 billion pounds of copper, a 20,000,000oz of gold. I think this is something that could really put Yukon on the map and would be a driving force of its economy and its prosperity for a very, very long time. Watch us online or here on bnn Bloomberg. What will you do when the power goes out? Power outages can be unpredictable and inconvenient, but with a GeneracHome Standby Generator, your life goeson uninterrupted, because you'll have powerwhen you need it the most. After the hurricane happened, we just want to beprepared for anything. And if you call now,you will also receive a free 5 year warrantyvalued at over $700. Call or go online nowto request your free quote. Power your life with Generac. ( ) ( ) The infiniti qx60 exemplifies modern luxury. With powerful suv performance, three rows of comfort, and a sleek-yet-daring design. ( ) Lease a 2024 qx60 from 0.99% apr for up to 24 months. Visit INFINITI.ca. ( ) . Firefighters... What we do is hard. It's not enough to be strong. You have to be tough. Let's move! Get down! Get into a new station 19 on ctv let's review some of the corporate stories we've been tracking here this morning. The story td bank getting lot of attention. Td saying a comprehensive overhaul of its U.S. anti money laundering program is well underway. The statement was part of the bank's quarterly earnings report. No new provisions for the scandal were announced today team will just a profit that beat analyst estimates driven by its capital markets business. They did set aside a more money for potentially bad loans. For credit losses were higher than expected, topping a billion dollars. Westjet also in the headlines this morning, the airline planning to launch new cheaper fare category. A new cheaper fare category for travellers who are willing to fly without a carry on bag. The company ceo says the new ultra-low fare category will be introduced in the next few weeks. You will not have an option to put a bag in the overhead bins, if you travel this way, but you will be able to used to purse or a knapsack were small personal item under the seat in front of you. And maple leaf foods says it's closing its poultry plant in brantford, ontario and consolidating production within its existing network earlier this year. The company said the 100 year old facility would be significant ongoing investment to continue operating long term. They believe says the closure will happen in stages and affected

employees will be given opportunities. Some of their other look. Patients getting to the broader story of stocks this morning. The tsx at last glance was a trying to stay in the green, but it has quickly moved into the red here. Remember, we saw yesterday sell-off that was led by materials and energy. That was the first tsx dropping 5 sessions earlier this week. We did get to a record high, though. And looking at the sector break down this morning. Well, energy which struggled yesterday has been higher the price of oil that is and that's helping some of the energy stocks. We're continuing to see some weakness in the price of gold copper as well. So that's impacting some of the material stocks financials are basically flat on the day healthcare and utilities are under a little bit of pressure right now. Some individual stocks that we're watching today would include celestica. Now remember, there's always excitement around ai in the united states today with nvidia's better than expected results and celestica in many ways has been reshaping its business to lean into the ai craze. It's one of the reasons why the stocks had pretty unseen performance over the last year, that almost 40% higher last 12 months for celestica. So it's gaining ground today, along with technology stocks, ca is also gaining ground where this is one of the big losers yesterday after they assure preliminary quarterly results that fell short of street expectations. So but a bounce-back for ca and kind of reverse to the seeing story. Quick look at the bar there's some analysts commentary that. Really ratcheted up the stock yesterday had a big move higher. It's giving back some background right now. It's off close to 5%. As we talk about the ai we'll talk a little bit more about how it's playing into the etf market. Stay with us. We'll be right back. (Upbeat electronic music) ( )( ) ( ) ( ) ( ) Find a great deal foryour ideal hotel.Open trivago, type inwhere you want t select your check-in andcheck-out dates and search. Compare prices forthe same hotel and save up to $50 a night. Hotel? trivago. In an ever changing market, invest in the essentials because there was always a need for multi residential, warehousing and logistics, essential retail, and renewable infrastructure assets. Build your client's portfolio with an investment strategy grounded in the needs of Canadians. Access tax efficient, institutional quality hard assets backed by a track record of steady performance and consistent distributions. Contact a Skyline Advisor today. The time is now ... to discover exciting opportunities in fixed income. Make cash work harder, build a strong foundation for portfolios, or add diversification to complement the core. Franklin Templeton. Find your fixed income advantage. The etf Report is brought to you by Franklin Templeton. Explore new Low Volatility, High Dividend Index ETFs from Franklin Templeton well, for today's etf report wanted to highlight that among the many etf launches we've been seeing this year in canada. There is a notable ai theme, perhaps not a surprise. Focus on companies such as nvidia. Isn't a fee is a bloomberg intelligence covers the etf market joins us with a little bit more context. But starting off against with the number of watches this year. I think we're up to date in the neighbourhood of 8.87 etf launches. It seems like a pretty good number that would, that would seem to speak to the fact that the etf market is continuing to grow in influence. >> Jon, good morning. And for sure. And well, social with our story. I think your comment was spot on how it's starting to bubble everywhere she took over the last month, each if it's taken the most money in canada has been in ai etf. And on the launch a story. I think this is really interesting because the canada has just been a market that

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