Related Strategy & Insights
Among the myriad of events that have come up over the past few weeks, the most relevant one for U.S. sector investors might just be the end of the de minimis tariff exception. Indeed, as of August 29, the U.S. has started levying tariffs on imports that are less than US$800 at the designated rate under IEEPA1 (depending on the product’s country of origin).
At the time we’re writing this, just over 70% of firms in the S&P 500 have reported earnings for the second quarter. Of those, close to 80% of them have beaten earnings-per-share (EPS) expectations – which is slightly above the five-year average of 78%.
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Will it be another record-breaking year for Canadian ETF inflows? In this episode, Bipan Rai, Matt Montemurro, and your host, Erika Toth, delve into the latest industry data, exploring the seasonality of flows, currency hedging, fixed income positioning, a slight sector rotation, and a whole lot more. Erika Toth is a Director of Institutional and Advisory for Eastern Canada at BMO Global Asset Management (BMO GAM). She is joined on the podcast by Bipan Rai, Head of ETF Strategy, Exchange Traded Funds, BMO GAM and Matt Montemurro, Managing Director and Head of Fixed Income and Equity Index ETFs, Exchange Traded Funds, BMO GAM. The episode was recorded live on Wednesday, September 10, 2025.
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