Canadian Economy to Pick Up Steam

CIBC’s Adam Ditkofsky argues that fixed income returns may be lower in 2021 but still positive

Michael Ryval 18 February, 2021 | 1:20AM

Feet Above a Trampoline

Canadian fixed income funds benefitted from central bank easing when the coronavirus pandemic struck in March 2020. Indeed, funds like the $934 million, 5-star Renaissance Canadian Bond Class F returned 9.22% for the calendar year, versus 8.28% for the Canadian Fixed Income category. But 2021 may prove more challenging and returns are likely to be in the lower single digits, says portfolio manager Adam Ditkofsky, a member of the three-person team that oversees the fund on behalf of Toronto-based CIBC Asset Management (CAMI).

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Michael Ryval  

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