Trust Issues

Canada: lower valuations and attractive growth - Podcast: Trust Issues #21

We speak to MCT Manager Dean Orrico about the prospects for the equity income trust...
David Kimberley
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Updated 17 Aug 2023
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Disclosure – Non-Independent Marketing Communication

This is a non-independent marketing communication commissioned by Middlefield Canadian Income. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.

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In this episode of Trust Issues, we speak to Dean Orrico, President and CEO of Middlefield Group, a specialist asset manager that's based in Toronto. We speak about the firm's investment trust Middlefield Canadian Income (MCT) and why Canadian stocks look particularly attractive at the moment.

There are several factors at play here, including low valuations, indirect exposure to the US , a growing LNG industry, and a rapidly increasing population that is driving economic growth and supporting the housing market. You can skip to individual questions using the timestamps below:

00:00 - Risk warnings and intro

01:28 - What is Middlefield Canadian Income?

05:38 - What are Canadian equity valuations like today?

07:30 - Can Canadian stocks get you indirect exposure to the US?

12:35 - What factors are supporting real estate valuations?

18:49 - What impact is Canada's population growth having on the MCT portfolio?

25:12 - Is there any chance regulatory change will lead to more housing supply?

28:26 - What is the opportunity in Canadian LNG? Has Russia's invasion of Ukraine changed things?

31:25 - Are we at the end of rate hiking cycle and what's your near term outlook for the market?

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About the Author

David Kimberley
[email protected]
David is an investment specialist for Kepler Trust Intelligence. Prior to joining Kepler Partners, he helped build the communications and editorial team at Freetrade, a retail stockbroker, and worked as a financial journalist in the Middle East. David has a BA in history from University College London.

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