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In the Money with Amber Kanwar
Amber Kanwar
62 episodes
3 days ago
In the Money with Amber Kanwar brings you actionable ideas from top money managers to help you make profitable decisions. As one of Canada’s most recognizable business journalists and the former host of BNN Bloomberg’s Market Call, join Amber as her guests answer your questions on individual stocks and offer their best investment ideas.
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Investing
Business,
Management
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All content for In the Money with Amber Kanwar is the property of Amber Kanwar and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
In the Money with Amber Kanwar brings you actionable ideas from top money managers to help you make profitable decisions. As one of Canada’s most recognizable business journalists and the former host of BNN Bloomberg’s Market Call, join Amber as her guests answer your questions on individual stocks and offer their best investment ideas.
Show more...
Investing
Business,
Management
Episodes (20/62)
In the Money with Amber Kanwar
Bay Street’s Top Dealmaker: Canada’s Broken Capital Markets


David Kassie is a legend on Bay Street. From building CIBC World Markets into a dominant force, to founding Genuity and transforming it into Canaccord Genuity, his fingerprints are on some of the most influential deals and institutions in Canadian finance. But in this episode of In the Money with Amber Kanwar, Kassie goes beyond the deals to talk candidly about the state of Canada’s capital markets and what needs to change.

This wide-ranging conversation covers everything from the art of the deal and what really drives great negotiation, to why Canada’s funding system is failing entrepreneurs and independent companies. Kassie shares stories from the early days of Genuity, including a billion-dollar build from zero and tells an insider story about how he knew Lehman Brothers was heading for collapse. He also explains why he believes the rise of private credit could be the next financial accident waiting to happen.

We dive into why Canada’s banking consolidation is choking liquidity, why independent dealers are disappearing, and how regulatory inaction has hurt innovation. He’s breaking new ground with his latest venture, Outcome Metric Asset Management, where the firm’s Canadian Equity Income Fund has earned the #1 Morningstar ranking in its category—out of several hundred funds—on a year-to-date basis over the past 12 months.


 Kassie pulls from decades of experience in investment banking, merchant banking, and startup investing to share hard-earned lessons on culture, strategy, and the difference between winning fast and winning smart.

If you care about Bay Street, capital markets, private credit, or the future of innovation in Canada, this is a must-watch conversation with one of the most seasoned voices in Canadian finance.

Timestamps
00:00 Show intro
02:30 How David Kassie became one of Canada’s most legendary deal makers
04:50 What drives his entrepreneurial spirit? 

07:15 The art of David Kassie’s deal
11:00 Break
11:40 What was David’s biggest win? The story behind Genuity
15:25 What was it like during the 2008 financial crisis?
17:00 The big problems with Canada’s funding environment
22:50 Break
23:20 How do you fight for space in the market?
25:30 There is not enough capital in Canadian markets to support entrepreneurs
27:30 What David has learned from his biggest mistakes
31:30 How David knew the financial crisis was coming (hint: it involves Lehman Brothers)
40:00 Why David thinks the next crisis could involve private credit
43:05 David’s new fund at Outcome Metric Asset Management and why he’s so proud of it
45:45 David’s view on what’s best for Canada’s future 

Sponsors

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. Visit ATB.com/inthemoney for more information

Over the last 45 years, Middlefield has helped Canadians build and preserve wealth through active management. Ask your financial advisor about Middlefield or learn more at middlefield.com today.

Discover how The Murray Wealth Group can work for you by visiting MurrayWealthGroup.com. World Class Investing. Wealth built together.

Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.

In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Show more...
3 days ago
50 minutes

In the Money with Amber Kanwar
Gold Bull Market Isn't Over: 50-Year Mining Vet Ross Beaty

Ross Beaty has been building mining companies for 50 years. From Pan American Silver to Equinox Gold, his name is synonymous with the Canadian resource sector. In this episode of In the Money with Amber Kanwar the legendary mining entrepreneur explains why gold’s surge past $3,300 may have plenty of room left. He breaks down how central banks, geopolitical chaos, and a growing distrust of the U.S. dollar are driving demand—and why tight supply could keep prices elevated.

Amber and Ross discuss the underperformance of gold stocks vs bullion as well as the internal missteps and operational challenges that stalled Equinox Gold’s momentum. Beaty owns those missteps and lays out how the company is positioning for a rebound. 


Beaty weighs in on Trump-era tariffs, M&A in the mining sector, and misguided critical mineral policy in Canada. Plus, he shares how Chinese mining firms are scooping up assets while Western investors remain gun-shy. Beaty also explains why he believes Bitcoin isn’t a real threat to gold’s dominance.

To end the interview, Ross shares the best and worst deals of his career, the Canadian mining leaders he admires, and why gold, silver, and copper still top his list. A must-watch for anyone investing in commodities, macro trends, or Canadian markets.

Timestamps
00:00 Show intro
01:05 Did Ross anticipate this big gold rally?
04:15 What is Ross’s guiding light when it comes to gold and what does the future hold?
11:15 Break
11:50 What usually drives a downside for gold?
14:00 Ross’s view on crypto and what it means for gold
16:20 The relationship between gold and gold stocks
18:50 Discussing gold companies and what’s coming for them
22:20 Break
22:45 M&A in the gold sector
26:10 What happened with Equinox Gold and what’s the path forward?
31:55 Why Ross believes he needs to talk candidly about the problems with Equinox
33:35 Has there been M&A interest in Equinox?
37:40 Who does Ross admire and why he thinks Canada is a great place for mining (and hopes it stays that way)
40:40 Ross’s rant on the obsession with critical minerals
44:20 Ross on renewable energy: Trump is the king of chaos
50:00 Rapid fire questions 


Sponsors
For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.


With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. Visit https://ATB.com/inthemoney for more information

Over the last 45 years, Middlefield has helped Canadians build and preserve wealth through active management. Ask your financial advisor about Middlefield or learn more at https://middlefield.com today.

Discover how The Murray Wealth Group can work for you by visiting https://MurrayWealthGroup.com. World Class Investing. Wealth built Together.


Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com


DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.

In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews



Show more...
1 week ago
53 minutes

In the Money with Amber Kanwar
Not Just Insurance Anymore: How Sun Life Surpassed Brookfield in Asset Management

Sun Life may be known for insurance—but under CEO Kevin Strain, it's become a $1.5 trillion force in global asset management. In this episode of In the Money with Amber Kanwar, we sit down with Strain to uncover how this 160-year-old Canadian company has transformed into the country’s largest asset manager, now rivaling industry titans like Brookfield.

Strain explains why Sun Life is going all-in on alternative assets like real estate, infrastructure, and private credit, and what that means for institutional and retail investors alike. He addresses the outflows at the company’s asset management arm and pushes back on the “problem child” label, revealing how that division continues to quietly generate close to a billion dollars a year in income. He also breaks down why Asia has become Sun Life’s biggest growth engine, and how its long-standing presence there gives it an edge.

The conversation covers Kevin’s outlook on the Canadian economy and why he believes short-term pain could lead to long-term strength. He also addresses concerns about the company’s U.S. health insurance business and shares how Sun Life is experimenting with AI across the firm.

Don’t miss this wide-ranging, honest conversation with one of Canada’s most influential CEOs.


Timestamps

00:00 Show Intro
02:10 Strain’s path to become the CEO of Sun Life
04:10 Sun Life’s history and reach
06:50 A lot of people don’t know Sun Life is an asset manager that’s bigger than Brookfield
10:35 Break
11:10 Understanding Sun Life’s asset management business
16:30 Sun Life’s massive Asia business
19:50 Break
20:20 What about tariffs? 
25:15 Are the conditions right for Canadian companies to invest?
27:20 Strain on investing in alternatives like real estate
29:25 Sun Life’s real estate exposure 
36:30 The U.S. health insurance business
42:00 What is Kevin worried about?
46:30 How is Sun Life using artificial intelligence?
50:00 What about acquisitions?
53:15 What was Kevin’s biggest mistake?
55:30 What does Kevin want to leave behind as his legacy? 


Sponsors

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


With $62 billion in assets, ATB Financial is powering possibilities for more than 820,000 financial services clients in Alberta and beyond. Visit ATB.com/inthemoney for more information

Over the last 45 years, Middlefield has helped Canadians build and preserve wealth through active management. Ask your financial advisor about Middlefield or learn more at middlefield.com today.

Discover how The Murray Wealth Group can work for you by visiting MurrayWealthGroup.com. World class investing. Wealth built together.


Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


.


Show more...
2 weeks ago
57 minutes

In the Money with Amber Kanwar
He Pushed for the Sale of InterRent—Now He Reveals Who Could Be Next

In this episode of In the Money with Amber Kanwar, real estate investor Michael Missaghie of Arch Corporation isn't just waiting for the real estate market to turn, he's actively making it happen. His firm was behind pushing for the sale of InterRent. And he says that's just one of many REITs poised for a takeover. He names who could be next! 

Missaghie gives a behind-the-scenes look at the InterRent (IIP.UN) deal, where his firm took an activist stake to push for change. He breaks down how the transaction unfolded, why it cleared the market, and what it signals about the next wave of REIT consolidation.

He also weighs in on the brewing trouble in Canada’s condo market and how distress in that space could get a lot worse before the next wave of opportunity.

In the mailbag, Amber and Michael tackle some of the most talked-about real estate names: H&R REIT (HR.UN), First Capital (FCR.UN), Minto (MI.UN), Mainstreet (MEQ), Allied Properties (AP.UN), and the recent Go Residential IPO. He weighs in on who’s in play, where value is being missed, and why office REITs are still a tough bet despite return-to-work trends.

To close the show, Michael shares his top three REIT picks right now: BSR REIT (HOM.U), a TSX-listed U.S. apartment play; Chartwell Retirement Residences (CSH.UN), a premium seniors housing name with M&A appeal; and Brookdale Senior Living (BKD), a U.S. turnaround story trading at a deep discount.

If you're watching REITs, real estate, or M&A trends, this episode is packed with insight.

Timestamps
00:00 Show Intro
02:20 Michael’s approach to real estate investing 

04:20 What did staring during the crisis of 2008 teach him?
05:35 Investing in public and private real estate
08:45 How does the private market inform investing in the public market
10:00 Is the market turning? Signs of inflection
11:00 There’s trouble in the condo market, and there’s more to come
14:50 Missaghie talks about his push for the sale of InterRent
20:00 M&A and opportunity in the sector
22:20 Should we expect to see more activism from Arch & Anson?
23:30 What’s Michael’s long-short book? What’s the characteristic of things he’s shorting?
25:00 ITM Mailbag: H&R REIT stock (HR.UN.TO)
29:30 First Capital REIT stock (FCR.UN.TO)
32:20 Minto REIT (MI.UN.TO)
36:40 Mainstreet Equity stock (MEQ.TO)
39:10 Dream Office REIT & Allied Properties REIT (D.UN.TO, AP.UN.TO) 

42:50 Go Residential IPO (GO.UN.TO)
44:00 Pro Picks (HOM.UN.TO, CSH.UN.TO, BKD)

Sponsors

This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


Show more...
3 weeks ago
52 minutes

In the Money with Amber Kanwar
Treat Stocks Like Property: Buy the Best, Rent the Rest

In this episode of In the Money with Amber Kanwar,  investor Seth Allen of Cadence Financial explains why he thinks about stocks the same way you might think about real estate—some are worth owning for the long haul, others you just rent for the upside. He breaks down his approach to navigating markets at record highs and how to spot which stocks are "forever homes" and which ones are just short-term leases. 

In the mailbag, Seth shares quick, actionable takes on some of the market’s most closely watched names. He explains why Apple’s (AAPL) lag is no reason to bail, why Microsoft (MSFT) remains a core AI winner, and how Cameco (CCO.TO) fits into the energy demands of an AI-powered world. He also weighs in on Nutrien (NTR.TO), Canadian Apartment REIT (CAR.UN.TO), Disney (DIS), and CP Rail (CP.TO)—laying out what’s worth owning, what’s worth renting, and how he’s navigating valuation, policy risk, and shifting demand.

For Pro Picks, Seth highlights three unconventional ways to play the AI boom—none of them from the usual Mag 7 crowd. From a Canadian insurer using AI to price risk, Intact Financial (IFC.TO), to a natural gas producer with strategic storage, EQT Corp (EQT), and a ride-sharing giant poised to disrupt freight and delivery, Uber (UBER), he shows how AI is transforming a wide range of industries—and where the long-term value could lie.

Timestamps

00:00 Show intro 

02:35 Amber asks Seth Allen: Is everything actually awesome right now? 

04:15 Seth’s investing approach 

05:50 What’s a stock you should own and what’s a stock you should rent?
06:50 Don’t be afraid to buy in at all-time highs
09:20 What about concentration risk in the Mag 7
11:30 Getting women more involved in investing 

13:30 ITM Mailbag: Uranium & Cameco stock (CCO.TO
16:30 Microsoft stock (MSFT)
20:15 Apple stock (AAPL)
22:50 Nutrien stock (NTR.TO)
27:20 Disney stock (DIS)
30:30 Canadian Apartment REIT (CAR.UN.TO)
34:30 Canadian Pacific Kansas City stock (CP.TO)
41:20 Pro Picks: AI theme: Intact Financial (IFC.TO), EQT Corp. (EQT), Uber (UBER)


Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. https://ATB.com/inthemoney for more information. 

Find out more about the Her Wealth Summit: https://www.herwealthsummit.com/hws/events?i=IR1T6PS-_CFMM7QEZtfotZA6qSCuQS_5


Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com


DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.


In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews



Show more...
3 weeks ago
47 minutes

In the Money with Amber Kanwar
The Art of Knowing Value from Value Trap

On this episode of In the Money with Amber Kanwar, GreensKeeper Asset Management founder and value investor Michael McCloskey joins Amber for a masterclass in long-term investing. He explains why value investing means running toward fear, not hype — and how to separate a true bargain from a value trap.

 In the mailbag, he weighs in on some of the market’s most misunderstood names: why Google (GOOG) remains his top tech pick, how Visa (V) continues to dominate despite disruption fears, and why Lockheed Martin (LMT) and Elevance Health (ELV) still have room to run despite negative sentiment. He also shares his view on Berkshire Hathaway (BRK.B) post-Buffett, breaks down the case for Intercontinental Exchange (ICE), and explains why Richemont (CFR.SW) still shines despite a cautious Chinese consumer. 

For his Pro Picks, McCloskey highlights three high-conviction ideas: Fiserv (FI), a fintech leader with decades of growth; ICON PLC (ICLR), a discounted global clinical trials giant; and Automated Bank Services (SHVA), the “Visa of Israel” with monopoly-like power and pricing potential. 

Whether you're looking for undervalued blue chips or hidden international gems, this episode is packed with insight from a disciplined value investor.

Timestamps
00:00 Show Intro
01:50 Why McCloskey runs towards trouble, that’s when you find cheap stocks
02:50 How to separate value from value traps 

04:10 You have to get the business right long-term
06:15 How McCloskey became a value investor
10:00 Understanding value investing through the lens of Constellation Software and Tesla
12:50 ITM Mailbag: Berkshire Hathaway stock (BRK.B)
16:15 CN Rail stock (CNR.TO)
18:45 Lockheed Martin stock (LMT)
21:10 Alphabet stock (GOOG)

27:40 Intercontinental Exchange stock (ICE)
30:50 Elevance Health stock (ELV)
35:15 Credit card stocks Visa & American Express (V, AXP) 

40:45 Richemont stock (CFRUY) 

44:00 Pro Picks (FI, ICLR, SHVA)

Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information.

Links
https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews




Show more...
4 weeks ago
1 hour 1 minute

In the Money with Amber Kanwar
Fundamentals Over FOMO: JF Tardif’s Strategy

In this episode of In the Money with Amber Kanwar, we sit down with  Canadian hedge fund manager JF Tardif of Timelo Investment Management for an unfiltered, in-depth look at what stocks he’s buying and what he’s avoiding. From why he's keeping equity exposure low despite market highs, to his skepticism around momentum stocks like Opendoor (OPEN) and Tesla (TSLA), Tardif lays out his fundamentally driven strategy in a market obsessed with hype.


In the mailbag, Tardif tackles questions on Altus Group (AIF.TO), InterRent (IIP.UN.TO), and Whitecap Resources (WCP.TO). He weighs in on high-flyers like Kraken Robotics (PNG.V) and MDA (MDA.TO), explains why he’s out of Well Health (WELL.TO), and shares his thoughts on Enterprise Group (E.TO) and bitcoin proxies like MicroStrategy (MSTR). And yes—he admits he gets stock ideas from this very podcast.


For his Pro Picks, Tardif shares three under-the-radar names: Total Energy Services (TOT.TO), a play on LNG growth; Calian Group (CGY.TO), a defense contractor poised to benefit from rising military budgets; and H&R REIT (HR.UN.TO), where activist pressure and a Blackstone offer could unlock value.

If you’re a fundamentally driven investor or just curious where smart money is looking next, this episode is for you.

Timestamps

00:00 Show intro 

01:30 JF describes his investing style as opportunistic 

02:40 What JF learned during his days at Sprott, and an interesting story about how he got his job 

04:20 Why JF is keeping cash on the sidelines and staying defensive 

05:30 It’s all about the fundamentals 

08:00 JF on momentum trading and his view on Opendoor (OPEN)
11:50 What JF learned from shorting Tesla (TSLA)
14:00 What’s interesting about the telcos
16:20 Why does JF have oil stocks in the penalty box
17:50 ITM Mailbag: Altus Group stock (AIF.TO)
20:40 InterRent REIT stock (IIP.UN.TO)
24:15 Whitecap Resources stock (WCP.TO)
25:35 Kraken stock (PNG.V) & MDA Space stock (MDA.TO)
28:35 Enterprise Group stock (E.TO)
29:35 WELL Health Technologies stock (WELL.TO)
31:15 Bitcoin and Bitcoin companies like Microstrategy (MSTR)
33:35: JF’s Pro Picks 


Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

Links
https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews



Show more...
1 month ago
46 minutes

In the Money with Amber Kanwar
Bond Bull in a Bearish World: Why This Investor Sees Opportunity for Canada Amid Tariffs

Earl Davis is optimistic—and that's rare for a bond investor. In this episode of In the Money with Amber Kanwar, the Head of Fixed Income at BMO Global Asset Management shares why he believes both the U.S. and Canadian economies are stronger than many think—and why fears of an imminent recession are overblown.

Davis explains why inflation isn’t heading back to 2% anytime soon, and instead may stabilize at a higher range of 4–5%. He also dives into the outlook for interest rates—why the Federal Reserve might still cut this year even if it shouldn’t, and why elevated rates could be the new reality for years to come.

He breaks down what’s really driving markets right now, from tariffs and deficits to Japanese bond yields and central bank policy. Most importantly, he explains how to position your portfolio in a world of sticky inflation, persistent government spending, and shifting global dynamics.

Plus, Davis shares his top bond picks—including two investment-grade corporate bonds (Fairfax and Enbridge) and a high-yield name in the defense sector with a 9% coupon.

If you're trying to figure out how to invest in today's bond market, make sense of the rate outlook, or understand where inflation is really headed—this is the episode for you.


Timestamps
00:00 Show Intro
01:30 The lingering effects of the pandemic: deficits and inflation
03:10 Earl’s high-level view on inflation: it’s going higher
08:15 Why Earl thinks the Fed will cut at least once this year, even though he thinks they shouldn’t
10:15 How to position in this type of environment
11:55 Can tariffs be deflationary?
14:00 What happens if there’s a new Fed president?
15:45 What about the bond vigilantes?
17:45 Why Earl believes the bond market is trading off of Japan
20:40 What about Canada’s economy?
23:15 Why growth in Canada could surprise to the upside this year
26:30 Why the Fed and Bank of Canada will move their inflation targets higher
27:30 Why Earl thinks the housing market is not a headwind but a tailwind for Canada
29:40 What about immigration?
30:45 Earl can’t remember ever being this optimistic
32:15 Earl’s Pro Picks
38:20 Goodbye & coming up 


Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 


Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


FIND BMO DISCLAIMERS HERE: https://www.bmo.com/en-ca/main/personal/investments/direct-investing/investorline/itm-pod-disclaimer/

In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


Show more...
1 month ago
39 minutes

In the Money with Amber Kanwar
Top Stocks to Buy in a Sluggish U.S. Market

In this episode of In the Money with Amber Kanwar we sit down with veteran investor Gordon Reid of Goodreid Investment Counsel who is actively searching for value beyond the usual Magnificent 7 names. Reid explains how he’s managed to outperform by picking strong performers across the other 493 names in the S&P 500—and where he’s finding the most overlooked opportunities today. 

Although he does hold some of the usual big tech stocks, he shares 7 stock ideas outside of the Mag 7 that he believes are positioned to outperform, spanning financials, healthcare, and industrials.


Reid offers his long-term perspective on tech concentration, American exceptionalism, and why the AI revolution is still in its early innings. In the mailbag, he weighs in on Novo Nordisk (NVO), Eli Lilly (LLY), Merck (MRK), Elevance Health (ELV), UnitedHealth (UNH), Visa (V), Uber (UBER), and RTX (RTX) — revealing which ones he’s buying, avoiding, or watching closely.


Plus: Reid’s Pro Picks are all about U.S. financials. Find out why he likes Goldman Sachs (GS), Morgan Stanley (MS), and under-the-radar Jackson Financial (JXN) — and what he sees as the next big catalyst for the sector.

💬 Got questions? Drop them in the comments or email us at questions@inthemoneypod.com
 📩 Don’t forget to subscribe and turn on notifications for more expert market insights!


Timestamps

00:00 Show intro with Executive Producer Jillian
03:20 Amber welcomes Gordon Reid
04:30 Gord thinks U.S. exceptionalism is evolving, but there’s a big opportunity in the U.S.
05:30 Thoughts on the AI revolution
08:00 How to balance tech exposure with everything else
11:30 What about tariffs?
14:00 ITM Mailbag: U.S. pharma and Novo Nordisk stock (NVO)
20:00 Elevance Health stock (ELV)
24:40 Visa stock (V)

28:40 RTX stock (RTX)
32:45 Gordon’s thoughts on using CDRs
35:25 Uber stock (UBER)
44:30 Gordon’s Pro Picks: U.S. Banks 


Sponsors

This episode is sponsored by BMO InvestorLine. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Show more...
1 month ago
58 minutes

In the Money with Amber Kanwar
Strathcona Hit $4B Faster Than Any Canadian Company—Adam Waterous Wants MEG Next

Adam Waterous thinks the Canadian energy sector is the most compelling opportunity in North America—and he’s putting his money where his mouth is. On this special episode of In the Money with Amber Kanwar, we’ve got a special on-location Calgary Stampede edition hosted by ATB Financial. Amber sits down with the CEO of the Waterous Energy Fund in front of a live audience to unpack Strathcona’s multi-billion takeover bid for MEG Energy and what it says about the future of oil and gas in Canada.

Waterous lays out why Canada’s long-life reserves, superior economics, and underappreciated asset base give it a structural advantage over the U.S.—and why now is the time to scale. He explains why MEG is a “plan A-plus” acquisition for Strathcona, how the deal could unlock massive operational synergies, and what makes it accretive for both sides of the table. With a shareholder vote looming, he also makes the case for consolidation as the next phase of growth in a sector that’s been overlooked for too long.

Beyond the deal, Waterous shares a bold vision: Canada not only has the resources, but the moral obligation to help solve the global energy poverty crisis—by doubling oil and gas production. It’s a provocative take on Canada’s role in the world, grounded in energy security, economic opportunity, and climate pragmatism.

Timestamps

00:00 Intro: ITM Stampede Edition
02:25 Understanding Adam’s approach to energy investing
09:10 How does timing factor in?
11:45 What Adam says to the naysayers
14:35 Are there parallels with CNQ?
16:20 Adam’s view on oil prices
18:50 Why did Adam make the bid for Meg Energy now?
24:15 Will Adam sweeten the bid?
32:35 Making the case for why Strathcona should buy Meg
34:20 Is Athabasca another potential opportunity?
38:46 How climate change factors into his thinking? “We have an energy poverty emergency”
43:00 Adam on Mark Carney and his policies
46:45 What needs to change to make Canada succeed?
49:25 Why don’t more of his peers talk about what needs to change in Canada?
52:40 Canada and Alberta has a very bright future
 

Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

Links
https://inthemoneypod.com/

https://instagram.com/inthemoneypod

https://twitter.com/inthemoneypod

https://tiktok.com/@inthemoneypod

https://facebook.com/profile.php?id=61569721774740 


DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.


In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


Show more...
1 month ago
54 minutes

In the Money with Amber Kanwar
Why Commodities Could Be the Trade of the Decade

Are commodities entering a stealth bull market? In this episode of In the Money with Amber Kanwar, portfolio manager Bob Thompson makes the case for why investors should look beyond tech and get serious about the next major cycle: commodities.

Bob explains why gold, copper, uranium, and fertilizer stocks are poised for long-term outperformance and why we may already be in a commodity bull market that most investors are missing. From underinvestment in mining to decade-long US dollar cycles, he breaks down the macro forces driving this pivot and the historical parallels that suggest a major reversion is coming.

In the mailbag, Bob names top Canadian stocks and sectors he’s quietly building positions in including Nutrien (NTR), Capstone Copper (CS), ARC Resources (ARX), and Canadian Natural Resources (CNQ). He also shares his outlook on Barrick Gold (ABX), Cameco (CCO), and Telus (T), plus insights on the TSX Venture’s recovery and why gold has outperformed the S&P 500 since 2000.

Then in his Pro Picks segment, Bob highlights 3 top-performing funds across energy and mining: the Sprott Physical Silver and Miners ETF (SLVR), the Dynamic Active Mining Opportunities ETF (DXMO), and the Ninepoint Energy Fund all backed by managers with serious alpha-generating track records.

If you’re questioning U.S. tech valuations, considering inflation hedges, or wondering how to invest in a multi-year energy and metals supercycle, this episode is packed with high-conviction, data-backed insights you won’t want to miss.

Timestamps

00:00 Show intro
2:40 Why Bob Thompson thinks commodities will be the place to be for the next decade
05:20 Why are we in a stealth commodity bull market?
08:05 How to think bout being a commodity investor
10:50 The companies you should consider investing in during a commodity bull market
12:50 In order to get the macro picture right, you have to get the U.S. dollar call right
16:00 History doesn’t repeat itself but it rhymes
20:30 Crypto & gold 
22:10 Why the TSX venture is poised to outperform 
24:20 The AI trade as a commodity trade
26:00 Risk and reward in commodities and investing
31:00 ITM Mailbag: Why Bob likes gold, silver, copper and agriculture stocks
36:30 Arc Resources stock (ARX.TO)
37:45Canadian Natural Resources stock (CNQ.TO) 
42:40 Barrick Gold stock (ABX.TO)
46:00 When to take profits in gold 
49:40 Favourite non-commodity stock: Telus (T.TO)
51:30 Bob’s Pro Picks  


Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

Links
https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


.


Show more...
1 month ago
1 hour 2 minutes

In the Money with Amber Kanwar
$75 Billion CIO Says What Wasn’t Working is Starting to Win

Is it time to rotate back into U.S. equities? Sadiq Adatia, Chief Investment Officer at BMO Global Asset Management, oversees $75 billion in direct assets—and he's making bold moves. In this episode, Sadiq reveals why he’s gone overweight U.S. stocks again, what’s changed in his view on gold, and why Canadian markets might deserve a second look.


We cover everything from tariffs and interest rates to inflation, AI disruption, and whether the resilient U.S. consumer can keep this market rally alive.


In our Pro Picks segment, Sadiq highlights two sectors he's leaning into, and one he’s staying away from: U.S. and international financials for their attractive valuations, strong dividend yields, and improving fundamentals; technology and communication services, which he sees as multi-year structural winners thanks to AI and pricing power; and a move away from consumer staples, which he says have become too expensive and less compelling in the current environment. It's a pro-cyclical tilt aimed at taking advantage of momentum without overpaying for safety.


If you're wondering how one of Canada’s top investors is positioning for the second half of 2025, this conversation is your roadmap.


Timestamps

00:00 Show intro
01:55 Sadiq Adatia’s investment approach
03:40 Why Adatia has changed his view on U.S. equities and gold because what was working isn’t going to work anymore 

05:25 Why Adatia recently went back overweight equities
07:30 Adatia’s view on rates
08:30 Why Adatia is neutral on Canada now after being bearish
11:00 Is there anything that can overcome FOMO in markets right now?
12:45 Can long-term investors just ignore geopolitics?
14:15 The inflation question
16:30 What are the biggest risks to the rally?
18:25 Why Adatia is now neutral on gold 

20:40 How to insulate for the risk of the U.S. debt problem?
23:40 The AI question and how to position for it transforming different markets and sectors 

29:25 Sadiq’s Pro Picks 


Sponsors

This episode is sponsored by BMO InvestorLine. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com


DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Find BMO InvestorLine and GAM disclaimers here: https://www.bmo.com/en-ca/main/personal/investments/direct-investing/investorline/itm-pod-disclaimer/


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


Show more...
1 month ago
38 minutes

In the Money with Amber Kanwar
What Being a Prison Guard Taught John Ewing About Activist Investing

What did two summers as a prison guard teach John Ewing about shareholder activism? A lot, it turns out. Before co-founding Ewing Morris Investment Partners, Ewing learned how to stay calm under pressure, exert influence without force, and solve problems without escalating conflict. In this episode of In the Money with Amber Kanwar, he explains how those early lessons shaped his low-drama, high-conviction approach to engaging with management—and unlocking hidden value.

John breaks down his unique philosophy: why he avoids mega-cap tech and prefers small and mid-cap North American stocks that offer misunderstood value. Learn how he applies private equity-style thinking to public markets digging into balance sheets, calling suppliers, and even walking factory floors to spot undervalued opportunities.

From early activist wins like ZCL Composites to recent battles at Parkland (PKI.TO)  and InterRent (IIP.UN.TO), John shares the inside scoop on Canadian shareholder engagement, the importance of aligned boards, and why Canada is an ideal market for activism. In the mailbag: John weighs in on undervalued Canadian REITs like Primaris (PMZ.UN.TO), the shake-up at InterRent, and whether he’s bullish on Mattr Corp (MATR.TO), Computer Modelling Group (CMG.TO), or Red Cat Holdings (RCAT). Plus, why he stays away from balance sheet-heavy lenders like GoEasy (GSY.TO) and Propel (PRL.TO).

Then, it’s time for his Pro Picks - three high-conviction small-cap stocks he’s buying now: Latham Group (SWIM): A pandemic darling turned comeback story in fiberglass pools, Driven Brands (DRVN): The quiet winner in auto quick-lube services with scalable unit economics and Minto Apartment REIT (MI.UN.TO): A potential take-private candidate trading at a steep NAV discount.

If you’re looking to invest with conviction, understand activism without the headlines, or simply want to discover under-the-radar stocks with long-term potential - this episode is packed with actionable insights.

Timestamps

00:00 Show intro
02:00 John Ewing’s investing style in small and mid-cap stocks 

04:30 The evolution of John’s activist investing
06:00 What John learned from his summer job as a prison guard
08:00 John’s first activist campaign
11:00 John’s thoughts on the outcome with Parkland
16:00 Are companies getting more sophisticated in dealing with activists?
19:00 How does macro fit into his approach?
20:00 ITM Mailbag: What does John think about the shake-up at Interrent (IIP.UN)
24:25 Does John still own and like Mattr? (MATR) 

27:55 John’s opinion on Computer Modelling Group (CMG)
34:00 How do site visits help John evaluate a business?
36:20 Why John likes Primaris REIT
41:15 Why John stays away from names like goeasy
42:40 Why John isn’t interested in a name like RedCat Holdings
44:50 John’s Pro Picks


Sponsors
​​This episode is sponsored by BMO InvestorLine. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

Links
https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


Show more...
1 month ago
1 hour

In the Money with Amber Kanwar
A Pro’s Brutal Honesty on Your Favourite Stocks

Is the market's resilience a sign of strength—or just an illusion driven by a handful of tech giants? On this episode of In the Money with Amber Kanwar, JoAnne Feeney, Partner & Portfolio Manager at Advisors Capital Management, unpacks what’s really going on beneath the surface of the S&P 500. From interest rates and inflation to tariffs and global instability, she explains why valuations are holding up—and why it’s a time to stay invested, but stay selective.


In the mailbag, Feeney breaks down whether beaten-up names like Nike (NKE), UnitedHealth (UNH), Intel (INTC), and Target (TGT) have a path to recovery—or more pain ahead. She also weighs in on how Visa (V) and Mastercard (MA) stack up against stablecoins, what Tesla’s (TSLA) robo-taxi hype means for the stock, and whether defense players like Lockheed Martin (LMT) and Kratos (KTOS) still have room to run.


Plus, her Pro Picks: discount retail gem TJX Companies (TJX), under-the-radar healthcare play Quest Diagnostics (DGX), and semiconductor leader Broadcom (AVGO), which she believes is quietly outshining Nvidia.


Timestamps

00:00 Show intro
03:20 JoAnne Feeney’s investing style 

06:00 U.S. vs International stocks
09:40 JoAnne thinks Powell is doing exactly what he’s doing
12:50 Understanding the U.S. consumer, tariffs and price increases 

16:50 What risks would make JoAnne more cautious than she is right now?
19:50 How does JoAnne think about real-time indicators and rates? 
23:10 ITM Mailbag: Why JoAnne does not own Nike (NKE)
24:50 JoAnne’s thoughts on UnitedHealth (UNH)
26:40 JoAnne’s take on Visa (V) & Mastercard (MA) and what stable coins mean for the businesses 

33:30 Why JoAnne doesn’t own Tesla (TSLA)
37:50 Why JoAnne likes owning defence stocks
41:15 Is there any hope for Intel (INTC)?
44:50 JoAnne’s thoughts on Target (TGT)
48:40 JoAnne’s Pro Picks 

59:30 Goodbye & coming up 


Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information

Links
https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


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Show more...
1 month ago
1 hour

In the Money with Amber Kanwar
This AI Model is Hunting for Dividend Paying Stocks- and Outperforming the Index

Would you trust AI to pick your investments? On this episode of In the Money with Amber Kanwar we sit down with Noah Solomon, CEO of Outcome Metric Asset Management, to unpack how he developed an artificial intelligence program to systematically pick Canadian dividend-paying stocks. With a track record of beating the index by 2,500 basis points net of fees, Noah breaks down what makes his model so effective and how "paranoia built into the algorithm" has helped him weather market storms without ever trying to time them.

In the mailbag segment, Amber challenges Noah’s model with some of the most popular (and controversial) Canadian dividend names. What does the AI think about BCE post-dividend cut? Why does it still like Cargojet despite the sell-off? How does it treat Manulife after its recent breakout? And why do Canadian banks get such a small weight in the portfolio despite their cult-like status among investors?

Then, it’s time for Noah’s Pro Picks—three dividend stocks his model is heavily leaning into right now. From gold royalty streamers like Wheaton Precious Metals, to low-volatility staples like Empire, and power producers like Capital Power, he breaks down what’s screening well and why. If you want to take the emotion out of dividend investment, this is the episode to watch.

Timestamps

00:00 Show Intro
03:30 How Noah uses AI to choose dividend paying stocks
05:10 Noah’s backstory
10:15 Why Noah is focused on dividend paying Canadian stocks
11:30 The main factors the algorithm screens to choose equities 
16:55 Why the weighting of stocks in a portfolio matters so much

19:55 Outcome Asset Management is beating the index by using AI (and with much less volatility)
21:00 How Noah thinks about risk
23:40 It’s very hard to time the market, so why do people try to do it?
27:00 Volatility and emotions
29:35 ITM Mailbag: Noah’s fund owns all of the Canadian banks, but the weighting in the portfolio is very low
34:15 What about BCE? Does he own it since the company recently cut the dividend
38:20 What about Manulife? Are technicals factored into the statistical model?
39:55 What about Cargojet and outside factors like trade and tariffs? Paranoia is built into the model
43:35 Noah’s Pro Picks
53:05 Goodbye & coming up 


Sponsors
Ready to take your trading to the next level? For those interested in the dynamic world of options, BMO InvestorLine provides a robust self-directed platform. Start investing today with BMO InvestorLine.
https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information

Links
https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.


In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews



Show more...
1 month ago
53 minutes

In the Money with Amber Kanwar
Bullish Brian Belski: U.S. Exceptionalism is Alive and Well

Veteran strategist Brian Belski joins Amber Kanwar with his trademark optimism—and a dose of contrarian thinking. From his infamous 2007 “sell financials” call to his current view that U.S. stocks are still in a long-term bull market, Belski  breaks down why fundamentals still matter, why he’s not buying into the hype around low valuations in Europe, and why he believes U.S. exceptionalism is alive and well—despite what the skeptics say.


The Chief Investment Strategist at BMO Capital Markets makes the case for a real stock picker’s market, explains why index investing may be losing its edge, and warns that investors driven by emotion instead of analysis are likely to get burned.


In his Pro Picks, Belski highlights the areas he’s leaning into right now: artificial intelligence, but through cybersecurity names that stand to benefit from AI’s rise; U.S. financials with scale, stability, and strong relationships; and overlooked small-cap value stocks that offer resilience, liquidity, and long-term upside.


Timestamps
00:00 Show intro 

02:05 Amber welcomes ‘bullish’ Brian Belski
 04:40 Why Brian believes the fundamental construct of the U.S. and Canadian markets has not changed 
 05:30 Brian tells the story about how he was the first strategist to put a ‘SELL’ on U.S. banks in 2007 
 10:30 Why Brian is underweight the Magnificent 7 and more concentrated in a stock picker’s market 
 14:40 He’s ‘bullish’ Brian Belski but chooses where he’s going to be tactical 
 15:40 Why U.S. exceptionalism is alive and well 
 20:45 Why the U.S. market is entering a period of normalization, but U.S. stocks are still in the middle of a 25-year bull market 
 22:50 Why Europe is a value trap 
 24:55 Where does Canada fit in? 
 26:40 The bear argument 
 28:40 Brian believes at the end of the big bull market in 10 years a commodity supercycle will begin 

31:45 Brian’s view on interest rates 
 35:50 What is Brian telling his clients about tariffs? 
 38:55 Pro Picks 

Sponsors
Ready to take your trading to the next level? For those interested in the dynamic world of options, BMO InvestorLine provides a robust self-directed platform. Start investing today with BMO InvestorLine.
https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information

Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.

FOR BMO DISCLAIMERS PLEASE CLICK HERE: https://www.bmo.com/en-ca/main/personal/investments/direct-investing/investorline/itm-pod-cm-disclaimer/  


In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Show more...
2 months ago
51 minutes

In the Money with Amber Kanwar
Tech Turmoil Is Done—Here’s What Comes Next

In this episode of In the Money with Amber Kanwar, CI Global Asset Management’s Peter Hofstra shares why he believes the worst of tech sector volatility is behind us and why he remains optimistic on AI. He points to strong and steady spending in the space as a sign that fundamentals are intact, even as market sentiment swings. While he uses puts to manage risk when valuations run high, Hofstra makes it clear: right now, he sees more opportunity than downside.

In the mailbag segment, Peter offers up his candid views on some of the most talked-about stocks. He breaks down whether Apple (AAPL) still deserves its premium valuation, why he thinks UnitedHealth’s (UNH) massive selloff might be overdone, and whether Alphabet (GOOG) can remain a dominant player in a post-search world. He also shares his take on Constellation Software’s (CSU) M&A model and culture, and weighs in on the risks of customer concentration in names like Celestica (CLS).

When it comes to his current high-conviction holdings, Peter points to Microsoft (MSFT), ServiceNow (NOW), and Thermo Fisher Scientific (TMO) as standout names that combine strong fundamentals, durable growth, and solid balance sheets. These are companies he believes are built to withstand any macro turbulence and continue compounding returns over the long term. It’s a glimpse into how one of Canada’s top innovation investors is positioning for the next wave of opportunity.

Timestamps

00:00 Show Intro
08:15 How do macro forces factor into his approach, and what about downside protection? 

10:30 The tech valuation question and the Magnificent 7 

12:55 Why is Nvidia going nowhere?
15:00 Deepseek, tariffs and the threat from China on AI and tech 

18:15 Key risks with AI 

19:15 What does it take to get into Peter’s portfolio and how active is he? 

22:20 Why Peter is worried about Apple (AAPL) because it’s losing on AI 
26:20 Peter’s thoughts on Palantir (PLTR) and its rich valuation 

31:00 Peter’s view on UnitedHeath (UNH) 

37:20 Is Celestica (CLS) a buy at these levels? 

40:30 Constellation SoftwareN(CSU) has been a huge winner, is it still a buy?
43:05 Is Peter worried about Google (GOOG)?
50:45 Peter’s Pro Picks
59:45 Goodbye & coming up


Sponsors

Ready to take your trading to the next level? For those interested in the dynamic world of options, BMO InvestorLine provides a robust self-directed platform. Start investing today with BMO InvestorLine.
https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information

Learn about CI Global Asset Management’s Global Alpha Innovation ETF here: https://funds.cifinancial.com/en/funds/ETFS/CIGlobalAlphaInnovationETF.html?currencySelector=1&classId=482&redirect_type=class_id

Learn about CI Global Asset Management’s Global Artificial Intelligence Fund here: https://funds.cifinancial.com/en/funds/mutual-funds/CIGlobalArtificialIntelligenceFund.html?currencySelector=1&classId=482&redirect_type=class_id

Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com


DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

CI GLOBAL ASSET MANAGEMENT DISCLAIMER 

IMPORTANT DISCLAIMERS:

 

This segment of “In the Money with Amber Kanwar with Peter Hofstra” has been paid in part by CI Global Asset Management.

 

This podcast is provided as a general source of information. The opinion and information provided in this discussion are solely those of the speaker(s) and are not to be used or construed as personal, legal, accounting, taxation or investment advice, or as an endorsement or recommendation of any entity or security discussed or provided by CI Global Asset Management.  Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. 

 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund and exchange-traded fund (ETF) investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compound total returns net of fees and expenses payable by the fund (except for figures of one year or less, which are simple total returns) including changes in security value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds and E...

Show more...
2 months ago
1 hour

In the Money with Amber Kanwar
Cole Smead: The Market is Dead Wrong on Canadian Energy

Cole Smead is back—and doubling down. The outspoken U.S. fund manager returns to In the Money with Amber Kanwar to explain why he's still bullish on Canadian energy stocks despite investor apathy, volatile oil prices, and political headwinds.


He breaks down the major disconnect between market perception and industry fundamentals, explains why Canadian oil stocks are "a buy across the board," and unveils his theory of consolidation: “Who’s your daddy?” From Strathcona’s move on MEG to a wild forecast that Cenovus could end up with Suncor, Cole doesn’t hold back.


Smead tackles listener questions on some of the most talked-about names in the oil patch. He gives his take on Whitecap (WCP.TO), discusses whether Baytex (BTE.TO) or Athabasca (ATH.TO) are M&A targets, and why Imperial Oil (IMO.TO) has worked—despite his skepticism about its dividend strategy. He also breaks down CNQ (CNQ.TO)’s place in the market as a go-to for generalist investors. 


He brings back two of his highest-conviction ideas from March—Strathcona Resources and Cenovus Energy (CVE.TO)—and adds a new one: Glencore (GLEN.L). He’s confident the MEG deal will close and sees Strathcona as a future consolidator of the Canadian oil patch. While Cenovus has underperformed, he believes it's undervalued and could be in play soon. And for broader commodity exposure, he likes Glencore—a global play on commodities, specifically coal, that he sees as well-positioned to outperform stocks over the next decade.


Timestamps

00:00 Show intro
02:05 Cole says people don’t understand what’s happening in the Canadian energy market 

04:30 Why Cole calls this the ‘low T era’
08:00 Cole’s theory of consolidation: Who’s Your Daddy? 

10:00 Does Cole spend much time thinking about where oil prices should be relative to where they are?
16:00 Cole on what Carney means for the oil patch
17:50 Cole’s take on Strathcona’s bid for MEG Energy
22:25 Why Cole thinks commodities will beat stocks over the next 10 years
25:40 ITM Mailbag: Cole’s thoughts on Whitecap (WCP.TO)
29:35 Is Baytex (BTE.TO) the next acquisition target? 
31:55 Is Athabasca Oil (ATH.TO) the next takeover target? 

34:45 Will CNQ ever get a bid? 

39:20 Why Cole likes Imperial Oil (IMO.TO)
43:10 Are natural gas stocks a buy?
44:00 Cole’s Pro Picks
1:00:20 Goodbye & coming up 


Sponsors
Ready to take your trading to the next level? For those interested in the dynamic world of options, BMO InvestorLine provides a robust self-directed platform. Start investing today with BMO InvestorLine.
https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20


For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information

Links
https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod

questions@inthemoneypod.com

DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


Show more...
2 months ago
1 hour 1 minute

In the Money with Amber Kanwar
60-Year Market Veteran Warns: U.S. Stocks Are in Trouble, Gold is the Safe Haven

Veteran investor Ross Healy has been navigating markets for 60 years — and right now, he’s sounding the alarm. In this episode of In the Money with Amber Kanwar, Ross explains why he believes U.S. stocks are dangerously overvalued and could be facing a major correction. He draws unsettling parallels to past bubbles, including the 2000 tech crash, and warns that the S&P 500 could fall by more than 50% as valuations snap back to reality. Despite the looming risks, Ross is far from sitting on the sidelines.


Ross fields questions from viewers on a wide range of names, including the Canadian telecom stocks, Shopify (SHOP.TO), Lululemon (LULU), Power Corp (POW.TO), and Algoma Steel (ASTL.TO). He explains why he thinks BCE and TELUS (T.TO) face serious headwinds, why Rogers (RCI.B.TO) stands out as a safer bet, and why Shopify’s sky-high valuation just doesn’t justify the return. He remains fully committed to gold, noting that while Canadian investors are already on board, the real upside will come when American investors begin piling in. 


When it comes to his Pro Picks, Ross names three stocks he’s buying right now. He’s bullish on Fortuna Mining (FVI.TO), a gold-focused producer he believes is still undervalued despite its recent run. He sees big turnaround potential in Laurentian Bank (LB.TO), which is trading at multi-decade lows. And for portfolio stability, he likes Atco (ACO-X.TO), a utility stock with a solid balance sheet, steady dividend, and long-term upside.


If you're trying to make sense of today’s overheated markets — and want to know where a market veteran is actually putting his money — this is a conversation you don’t want to miss.


Timestamps

00:00 Show Intro
01:45 Ross Healy talks about his 60 years in the investment industry 

03:00 Ross’s view on why markets are shaking off tariffs
05:35 Why Ross thinks markets are too excited about artificial intelligence and its economics
08:45 Why Ross is very concerned about U.S. stocks and specifically the Magnificent 7 stocks
14:00 Why believes the solvency of the U.S. economy is a major problem and tells us why
18:30 Why this time is like the dot com bubble and how Ross called the bottom
20:35 Ross thinks the S&P 500 could drop more than 50%
23:00 ITM Mailbag: Why Ross is very bullish on gold and precious metals
27:00 Why Ross thinks there’s upside for the TSX because of the index’s weight in commodities

29:00 Why Ross likes nat gas stocks
30:26 Ross’s hot take on Parkland (PKI.TO)
33:00 Ross’s take on BCE & Rogers (BCE.TO, RCI.B.TO) 

36:30 Why he views Telus (T.TO) as something in between BCE & Rogers
39:30 Why Ross likes Power Corp. (POW.TO)
44:25 Ross’s take on Algoma Steel (ASTL.TO)
47:00 Why Ross would take a run at Lululemon (LULU)
50:00 Ross can’t forget about Shopify’s sky-high valuation
52:30: Pro Picks
1:05:40 Goodbye & coming up 


Sponsors
Ready to take your trading to the next level? For those interested in the dynamic world of options, BMO InvestorLine provides a robust self-directed platform. Start investing today with BMO InvestorLine.
https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20


For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information

Links

https://inthemoneypod.com/ 

https://instagram.com/inthemoneypod

https://facebook.com/profile.php?id=61569721774740 

https://twitter.com/inthemoneypod 

https://tiktok.com/@inthemoneypod


DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


BMO DISCLAIMER 

Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


Show more...
2 months ago
1 hour 6 minutes

In the Money with Amber Kanwar
Distress, Discipline & Deep Value: Daniel Lewis on the Hunt for Orphan Stocks

In this episode of In the Money with Amber Kanwar, investor Daniel Lewis, founder of Orange Capital, reflects on his journey from billion-dollar hedge fund manager to nimble, independent investor building a concentrated portfolio of distressed bets and ‘orphaned’ stocks everyone else is missing. 


Lewis shares how he built his reputation by diving headfirst into some of the most controversial and underfollowed stock stories. From friendly activism to quiet turnarounds, he pulls back the curtain on what it really takes to invest in special situations — and why Canada’s governance quirks make it a “wild west” of opportunity.


He talks candidly about failed bets like Bellatrix and fund burnout, and why that chapter led to richer, more rewarding investing today. He also warns of the "melting ice cube" effect on legacy businesses that fail to evolve with AI, and argues that investors are dramatically underestimating the risk of obsolescence.


Daniel shares three of his latest distressed bets, each with major upside potential — and yes, real risk. He walks through the deep value case for Claros Mortgage Trust (CMTG), a mortgage REIT trading at a fraction of book value; explains why Hippo (HIPO) is more than just an insuretech story and could re-rate as a high-margin fee-based business; and makes the bold bull case for Better Home & Finance (BETR), calling it a true AI-native company hiding in plain sight. With echoes of Carvana and a wild ride of its own, Better could be a 30-50x return — or go to zero.

Timestamps

01:55 Daniel’s investing style and why he thinks Canada is ripe with opportunities
03:30 Daniel on ‘friendly’ activism and why it can be incredibly rewarding 

05:30 Why Daniel talks about this mistakes and what he’s learned over the years 

10:15 Daniel’s involvement in Canada right now
12:45 Daniel on why distressed investing is still relevant
16:15 Why you need to have a high risk appetite for this type of investing but there is the possibility of major upside
20:10: Daniel on distress in large cap stocks
23:00 How to spot the winners and losers and the risk of obsolescence
28:40 Daniel on being opportunistic and why he picked up down and out SPACs
32:00 Daniel’s Pro Picks 


Sponsors

This episode is sponsored by BMO InvestorLine. We all want to make the most of our investments. That’s why BMO InvestorLine is here. Start investing today with BMO InvestorLine. https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.


Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information. 

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DISCLAIMERS 

The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.


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Terms and conditions apply. BMO InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

 

The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.


In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.


Contact: questions@inthemoneypod.com


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Show more...
2 months ago
49 minutes

In the Money with Amber Kanwar
In the Money with Amber Kanwar brings you actionable ideas from top money managers to help you make profitable decisions. As one of Canada’s most recognizable business journalists and the former host of BNN Bloomberg’s Market Call, join Amber as her guests answer your questions on individual stocks and offer their best investment ideas.