In this episode of InFocus, TriCert Investment Counsel Portfolio Managers Candis Fitch, CIM®, CIWM, and Dave Gill, CFA®, MBA, unpack the industrials sector’s challenging year-end backdrop.
They explore the impact of persistent macro uncertainty, tariff pressures, and muted growth expectations, while highlighting areas of resilience such as aerospace, defence, and AI-linked electrical equipment.
The conversation includes a deep dive into North America’s railroads—why sentiment has weakened, how industry structure supports long-term pricing power, and where selective opportunities may be emerging despite cyclical headwinds.
Recorded on November 21, 2025
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Dave Gill, CFA®, MBA
Dave has held roles in business development, client service, research and portfolio management. Dave is passionate about the capital markets and has an unwavering focus on helping clients achieve their financial goals. He spent most of his career working in the investment divisions at some of Canada’s largest financial institutions before rejoining TriCert Investment Counsel in 2023 as a Portfolio Manager. Dave holds a Masters of Business Administration from Western University and is a CFA® charterholder.
