In this episode of InFocus, TriCert Investment Counsel Portfolio Manager Candis Fitch, CIM®, CIWM, speaks with fellow Portfolio Manager Dave Gill, CFA®, MBA, about the outlook for the industrials sector as 2026 unfolds.
They discuss the broader economic backdrop, the differences between U.S. and Canadian market dynamics, and why industrials remain closely tied to economic growth.
The conversation also highlights Automatic Data Processing (ADP), examining how recent AI developments and shifting market sentiment have affected software-related companies. Dave outlines why ADP continues to demonstrate many of the attributes of a high-quality business, including scale, recurring revenue, strong client retention, and a long track record of dividend growth, while also addressing the uncertainties that emerging technologies may introduce.
Recorded on February 20, 2026
This content has been prepared by TriCert Investment Counsel Inc. The information, including forecast financial information, should not be considered as advice or a recommendation to investors and does not take into account your particular investment objectives or financial situation. Before acting on any information, you should consider the appropriateness of the information and speak with one of our portfolio managers. All securities and financial products or instrument transactions involve risks, including the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This content may contain forward-looking statements, including statements regarding our beliefs on current expectations and market conditions. Readers are cautioned not to place undue reliance on these forward-looking statements. TriCert Investment Counsel Inc. does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside TriCert Investment Counsel Inc.’s control. Methodologies and assumptions applied in calculating performance figures, returns, and other metrics discussed in this podcast are based on established internal standards and recognized industry practices. Comprehensive documentation detailing the calculation methods and underlying assumptions is available upon request. Past performance is not a reliable indication of future performance.
© 2026 TriCert Financial Group Inc. All Rights Reserved.
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.
