Bipan Rai

Bien que, jusqu’à présent, l’année a été difficile pour les titres de qualité, nous nous attendons à ce qu’ils génèrent de bons résultats pour la suite. Cette situation s’explique en grande partie par l’évolution du contexte macroéconomique favorisant les sociétés affichant des bénéfices stables, une politique monétaire toujours restrictive de la Fed et une exposition à l’IA.

From record ETF inflows to a broadening AI story reshaping global equity markets, the investment landscape continues to evolve. In this episode, special guest Bipan Rai joins hosts Zayla Saunders and Hilly Cutler to unpack his quarterly portfolio strategy, and what it all means for investor positioning as Q3 gets underway. Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM) and Hilly Cutler is Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM. They are joined by Bipan Rai, Head of ETF Strategy, Exchange Traded Funds at BMO GAM. This episode was recorded live on Monday, July 06, 2026.

Oil is high, volatility is low, and the Canadian dollar isn’t behaving the way investors might expect. Bipan Rai welcomes Shaun Osborne, Chief FX Strategist at Scotiabank, to discuss the forces driving USD/CAD, the outlook for global currencies, and why the next big move in foreign exchange may be hiding in plain sight. This podcast was recorded on June 8, 2026

Why are pensions, insurers and family offices increasingly turning to ETFs — not just tactically, but at the core of portfolio construction? Bipan Rai sits down with Daniel Stanley, head of institutional sales and services at BMO Global Asset Management, to discuss liquidity, ​“portable alpha”, fixed income ETFs and how institutions are reshaping the active-versus-passive debate. This podcast was record on May 27, 2026.

Canadian investors are facing a complicated macro setup: a softer labour market, sticky inflation risks, tariff uncertainty and a bond market still trying to price the Bank of Canada’s next move. In this episode, Bipan is joined by TD Securities’ Andrew Kelvin to unpack what the latest data means for portfolios, discuss the rates outlook, yield curve, fixed income currency risk and more. This podcast was recorded on Tuesday, May 12, 2026.

The federal deficit came in better than expected for fiscal 2025-26, but the path forward remains wide. Robert Kavcic, senior economist with BMO Capital Markets joins Bipan to break down the 2026 Spring Economic Update, including how Ottawa used its extra fiscal room, what the new sovereign wealth fund could mean in practice, and how Canada’s fiscal position stacks up against its G7 peers. This podcast was recorded on May 1, 2026. FOMC: Federal Open Market Committee

Private credit is under pressure — but how concerned should investors be? Bipan is joined by Mark Jarosz, head of credit alternatives at BMO Global Asset Management, to break down default data, liquidity and retail flows. They explore why institutional capital remains steady, how today’s market differs from the Global Financial Crisis, and what’s actually driving volatility beneath the headlines. This podcast was recorded on April 22, 2026.

From shifting macro regimes to growing stagflation risks, the investment landscape continues to change. In this episode, special guest Bipan Rai and hosts Zayla Saunders and Hilly Cutler discuss central bank divergence, the evolving role of commodities, and what it all means for portfolio construction and positioning in the year ahead. Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM). She is joined by Hilly Cutler, Director of Portfolio Consulting and Senior Portfolio Consultant at BMO GAM and Bipan Rai, Head of ETF Strategy, Exchange Traded Funds at BMO GAM. This episode was recorded live on Thursday, April 9, 2026.

After a muted initial reaction to the U.S.-Israel strikes on Iran and risk that the conflict may rapidly widen, energy markets have started pricing in darker scenarios. In this episode, Bipan is joined by TD Securities commodities strategist Daniel Ghali, where the pair discuss the extent to which crude prices may rise further, as well as implications for the broader global commodities complex. This episode was recorded live on March 4, 2026.

A new floor price for world oil prices as well as rising forecasts for gold are two among many implications traders are weighing as tensions simmer between Iran, Israel as well as the United States. Bipan is joined by TD Securities strategist Daniel Ghali to discuss what impact the conflict has had on commodity and energy price expectations. This podcast was recorded live on June 24, 2025.

Sauf indication contraire, tous les cours, rendements et pondérations du portefeuille sont ceux à la clôture des marchés le 31 mars 2026.

Avez-vous déjà participé à une fête tellement réussie que vous auriez voulu la faire durer indéfiniment? Rappelez-vous de l’impression que vous avez lorsque les lumières se rallument, que le bar ferme et que la musique s’adoucit? Vous ressentez une certaine nostalgie à l’idée que la fête est terminée et qu’il est temps de retourner à la maison, même s’il est encore un peu trop tôt et que vous voulez continuer à danser.

Les solides bénéfices continuent de faire grimper les actions, mais le leadership sectoriel change sous la surface de la reprise.

La période de publication des résultats du premier trimestre de 2026 a commencé en force. En date de lundi (4 mai), près de 30 % des sociétés composant l’indice S&P 500 avaient publié leur rapport, et les résultats d’environ 80 % d’entre elles étaient supérieurs aux attentes. Malgré les bruits macroéconomiques persistants, les marchés récompensent de plus en plus la production de bénéfices au lieu de réagir aux manchettes, ce qui a fait grimper les actions à des sommets records en avril.

L’analyse des antécédents des principaux indicateurs guides composites nous aide à comprendre où nous en sommes dans le cycle actuel et à mettre en contexte le rendement prévu de divers secteurs de l’économie.