E283 – A Deep Dive on Canadian Equities

In this episode, special guest Valerie Grimba and your host, Danielle Neziol, take a deep dive into the Canadian equity market. They compare it to other regions, drill down on key currency questions, and discuss three main areas Canadians are investing their loonies, according to recent data.  Danielle Neziol is Vice President of Direct Distribution at BMO Global Asset Management. She is joined on thepodcast by Valerie Grimba, Director, Global ETF Strategy at RBC Capital Markets. The episode was recorded live the week of September 19, 2025.ETFs mentioned in the podcast:BMO S&P/TSX Capped Composite Index ETF (Ticker: ZCN)     BMO Low Volatility Canadian Equity ETF (Ticker: ZLB)BMO Money Market Fund ETF Series (Ticker: ZMMK)BMO Ultra Short-Term Bond ETF (Ticker: ZST)BMO Equal Weight Global Gold Index ETF (Ticker: ZGD)BMO Equal Weight Banks Index ETF (Ticker: ZEB)BMO S&P 500 Hedged to CAD Index ETF (Ticker: ZUE)BMO S&P 500 Index ETF (Ticker: ZSP)ZCN, total returns as of 2025/08/31: 1 yr: 25.76%, 3yr: 17.40%, 5 yr 14.92%, 10 yr: 10.79%, SI: 9.06%ZUE, total returns as of 2025/08/31: 1 yr: 13.77%, 3yr: 17.54%, 5 yr 13.12%, 10 yr: 12.86%, SI: 13.33%ZSP, total returns as of 2025/08/31: 1 yr: 17.79%, 3yr: 20.93%, 5 yr 15.56%, 10 yr: 14.67%, SI: 17.46%ZGD, total returns as of 2025/08/31: 1 yr: 88.03%, 3yr: 54.48%, 5 yr 16.31%, 10 yr: 19.37%, SI: 7.78%Source for ETF Flows: National Bank Report, August 2025.Gold is up 40% year-to-date, as of September 19, 2025.TSX is up 19% year-to-date, as of September 19, 2025.ADV: Average Daily VolumeAlpha: A measure of performance often considered the active return on an investment.Disclaimers:Please visit for full disclaimersThis podcast is for information purposes. The viewpoints expressed by the speakers represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent prospectus.Commissions, management fees and expenses all may be associated with investments in exchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are notguaranteed and are subject to change and/or elimination.BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.