Fiera Capital Exits Canadian Small-Cap Strategies Affecting C$1.2 Billion

Canadian markets showed mixed movements ahead of a key speech by U.S. Federal Reserve Chairman Jerome Powell, with Wall Street futures positive and the TSX closing above 28,000 for the first time, supported by resource stocks. Investors are closely watching central bank policies amid concerns about U.S. tariffs and their impact on economic growth and inflation, with tariffs on Canadian goods potentially causing supply chain disruptions but large-scale long-term enforcement seen as unlikely. Canadian stocks like Celsius Holdings, CSX Corporation, and Diageo remain in focus due to their trading volumes and sector influence, while SSR Mining has seen significant growth driven by higher production and cost efficiencies. Meanwhile, Fiera Capital’s decision to exit Canadian small and micro-cap equity strategies, managing about C$1.2 billion, reflects challenges in liquidity and market volatility, potentially impacting retail and institutional investors seeking exposure to these markets. The Bank of Canada is expected to cut interest rates later in the year to support growth, but tariff-related uncertainties from President Trump’s policies could affect this plan. Overall, Canadian investors are navigating a complex environment shaped by global monetary policy, trade tensions, and sector-specific developments.