Fidelity’s latest poll reveals four in 10 point to new economic policy direction as the main reason for the shift
Six in 10 financial advisors say they are more bullish on Canada than they were 12 months ago, and 4 in 10 named new policy direction and initiatives focused on the economy, including the Mega Super Deduction, as the primary driver.
Fidelity Investments Canada said the findings come from its FidelityConnects Advisor Pulse Polls.
Chris Pepper, vice-president of corporate affairs, said the firm has polled advisors on Canada and other regions since 2018 and that the latest results show optimism that “is not just transient.”
According to Fidelity, the optimism recorded on their platform sits at historically high levels and follows the Canada Investment Summit and the federal government’s new policies aimed at catalyzing investment in nation building projects and enhancing productivity over the long term.
David Wolf, the team’s lead portfolio manager and a former advisor at the Bank of Canada, said the team held fewer Canadian assets than its benchmark for a long time because of reliance on housing for growth, high household debt, and low investment in some sectors.
Wolf said the team believes markets underestimate the likely improvement in Canada’s long-term economic growth.
He said the team moved capital into Canada and is overweight the domestic market for the first time in over a decade.
Fidelity said it and its related entities collectively invest more than $380bn in Canadian equities and bonds, as at September 30.
The team set out its positioning in its quarterly paper, Acting Despite Uncertainty, which Fidelity said reflects prevailing market and economic conditions and may evolve.
Fidelity reported that 39 percent of 1,730 verified advisor respondents chose Canada as the global region offering the most compelling investment opportunity, ahead of emerging markets at 26 percent, the United States at 16 percent, Europe at 10 percent and Asia Pacific at 7 percent. That polling ran on May 5 and 6.
According to the May 2026 advisor pulse poll findings, Canadian equities led the asset classes advisors said they were increasing relative exposure to in volatile markets, at 65 percent of 1,719 verified responses.
US equities followed at 27 percent, liquid alternatives at 21 percent, commodities at 20 percent, gold or precious metals and fixed income at 18 percent each, and bitcoin, stable coin or other digital currencies at 5 percent.
“Advisors are increasingly turning to Canada for its certainty, stability and opportunity,” Pepper said in that release.
