In the Money with Amber Kanwar

Gold is hovering near record highs, the market is begging for a rate cut, and AI is reshaping every corner of the economy. But are investors seeing the full picture? Amber sits down with Bipan Rai, Managing Director, Head of ETF & Alternatives Strategy at BMO Global Asset Management for an unfiltered macro conversation at a moment when investors are looking for answers and clarity.Bipan breaks down why markets abruptly priced in an aggressive December Fed cut despite an unclear jobs picture distorted by the U.S. government shutdown. He also explains why political pressure on the Federal Reserve is becoming impossible to ignore and how easily a poorly timed cut could become a policy mistake.AI becomes the first major theme of the conversation. Bipan explains why the broad AI beta trade is ending and how debt financed spending is starting to separate real winners from firms with stretched balance sheets. The market may finally be waking up to these differences and he argues that this shift toward a more selective environment is actually a sign of long term health.Gold is the other force that has defined 2025. Bipan breaks down why the metal’s record run has been powered mostly by retail and institutional ETF flows rather than central banks and why gold’s pause at the top is not a sign the move is over. He goes through the supply and demand math and explains why he still sees a path to gold reaching 4500 by mid 2026.They also dig into Canada’s massive fiscal push, the USMCA wildcard, the mortgage renewal wall, and why global infrastructure spending is becoming one of the most durable multi-year investment themes.In Pro Picks, Bipan brings three ETF ideas tied directly to the macro forces shaping markets right now. He starts with the BMO Gold Bullion ETF (ZGLD), which offers pure exposure to gold as it hovers near record levels. He then introduces the BMO Gold Bullion Covered Call Spread ETF (ZWGD), a strategy built to maintain upside participation in gold while generating meaningful yield by selling call spreads. And for investors looking to position for global fiscal stimulus, he highlights the BMO Global Infrastructure Fund ETF (BGIF), a portfolio of essential infrastructure exposure from pipelines to utilities to communication towers benefiting from governments racing to upgrade aging systems.Timestamps00:00 Show intro02:00 Bipan’s view on rates05:00 Thinking about U.S. rates from a political lens and the risk of a policy misstep08:40 Chaos within the Fed & missing data13:00 Why were markets so resilient this year? Especially outside of the U.S. 16:30 AI, exposure and exceptions for 2026 19:50 The big gold rally, retail & institutional investors and outlook for next year26:20 The interplay between the USD and commodities29:45 The Bank of Canada, tariffs and the Canadian economy32:20 The Federal budget & fiscal policy36:20 Bipan’s Pro Picks (ZGLD, ZWGD, BGIF) SponsorsFor 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.Presented by BMO ETFs. With tools like the ETF Compare Tool and Market Insights, you can easily identify ETFs that hold your favourite stocks, match your risk tolerance, and align with your investment goals. To explore these tools, head to www.bmoetfs.com and check out the Tools section.Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more information.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

In this episode of In the Money with Amber Kanwar, Amber sits down with Bob Elliott, Co-Founder, CEO & CIO of Unlimited and formerly a member of the Investment Committee at Bridgewater Associates, where he led Ray Dalio’s investment research team. Few people understand hedge funds and macro the way Bob does — and he brings that depth straight into this conversation.Bob explains how Unlimited Funds uses proprietary machine-learning technology to create ETFs that replicate the returns of alternative investments — like hedge funds, all with notably lower fees. Amber digs into how this works, why individual hedge fund managers don’t outperform each other, and how Unlimited tracks the “wisdom of the crowd” in real time.From the chaotic Fed reaction function, to the U.S. macro data vacuum, to the truth behind the AI “investment boom” and the emerging risks in credit markets — Bob breaks down where the economy really stands and what most investors are missing. He also explains why household spending power is rolling over, what gold’s surge says about the market, and how hedge funds are actually positioned today.In a different type of Pro Picks, Amber walks through Bob’s full ETF lineup — including HFND, the Multi-Strategy Return Tracker; HFGM, the Global Macro ETF; HFEQ, the Equity Long/Short ETF; and HFMF, the Managed Futures ETF — and explores how these strategies can complement portfolios and even outperform in both rising and falling markets.If you want a clear, grounded, brutally honest look at the macro landscape — from someone who’s seen it from inside the world’s largest hedge fund — this is the episode to watch.Timestamps00:00 Show intro02:20 Replicating hedge fund returns through ETFs07:30 generating high quality returns with lower fees11:00 What is hedge fund positioning telling Bob? 13:35 Understanding macro in a data vacuum18:10 What is the Fed going to do?21:40 AI as a driver of growth26:00 AI, cracks in private credit and who will win AI?31:50 The risks of the AI play35:00 Should we expect a weaker U.S. dollar?39:30 Why Bob spends a lot of time thinking about Japan42:00 Think about gold from two different perspectives45:00 Pro Picks: Unlimited’s ETFs (HFND, HFGN, HFEQ, HGMF) SponsorsFor 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.The mailbag is brought to you by BMO ETFs. With tools like the ETF Compare Tool and Market Insights, you can easily identify ETFs that hold your favourite stocks, match your risk tolerance, and align with your investment goals. To explore these tools, head to www.bmoetfs.com and check out the Tools section.Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

It’s been a rough ride for Canadian small-cap growth stocks, and investors are looking for answers. Jordan Zinberg of Bedford Park Capital is back on In the Money with Amber Kanwar to break down what’s driving the selloff, where the fear is justified, and where the market is simply mispricing good businesses.Zinberg says it’s not just a selloff — it’s a moment where quality is out of style, sentiment is washed out, and solid businesses are being treated like broken ones. He notes small-cap growth stocks, his corner of the market, have been hurt particularly hard but believes it’s unjustified. Amber and Jordan dive deep into goeasy (GSY) — a stock Jordan’s followers know well. It’s been caught in the crossfire of a short report, a spike in provisions, and a wave of negative sentiment. Jordan explains what the report gets wrong, what the numbers actually signal, and why the underlying business hasn’t broken even if the share price has.Then it’s on to a rare large-cap name, Constellation Software (CSU), a Canadian outperformer that has recently stumbled. Jordan walks through the two real pressures on the stock — AI anxiety around its vertical software businesses and the psychological impact of CEO Mark Leonard stepping back — and why he recently bought more for the first time in years.The mailbag covers NTG Clarity Networks (NCI), where delayed contracts pushed margins around; VitalHub (VHI), a strong operator still trading at a premium Jordan won’t pay; and Kraken Robotics (PNG) versus Zedcor (ZDC), two small-cap darlings with huge runs but multiples he can’t justify. And yes, he brings back the line he lives by: EBITDA is still “bullshit earnings.”We look back at Jordan’s past picks, Source Energy (SHLE) and Mainstreet Equity (MEQ), two stocks he still likes and owns and in Pro Picks he tells us why he’s still all-in on Propel Holdings (PRL) , the non-prime lender is also a former pick and a widely followed name amongst Jordan’s loyal fans. In addition to Propel, he offers two other Canadian small-cap names he likes right now; Lumine (LMN), his “baby Constellation,” and Zoomd (ZOMD), the Israeli ad-tech name quietly landing blue-chip clients and accelerating fast.A sharp, honest look at Canadian small caps right when investors need clarity the most.TimestampsFor 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.The mailbag is brought to you by BMO ETFs. If you're a DIY investor looking to take control of your portfolio, BMO ETFs makes it easy. Check out the ETF Compare Tool, Stock Replacement Tool, and News and Insights under the Tools section at www.bmoetfs.com — perfect for analyzing your options, spotting trends, and building a portfolio that fits your goals and timeline.Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

This week on In the Money with Amber Kanwar, Canoe Financial’s David Szybunka makes a bold call: we’re only in year 5 of a 15-year bull market for energy. David explains why the last three years were just a “digestive phase,” why energy stocks are quietly outperforming even with $60 oil, and why he sees the cycle shifting from disbelief to the early stages of optimism. He breaks down the flows, the fundamentals, and the global capital piling back into Canadian energy—from private equity to pension funds to supermajors—regardless of the prevailing political narrative. The message is clear: scarcity is real, capital is returning, and the setup only gets stronger from here.From there, Amber and David dig into the mailbag, tackling names investors are debating right now. They break down Whitecap (WCP) and its growing dividend strategy, ABEX Technologies (ABXX) and the structural LNG shift behind its explosive run, South Bow (SBOW) and whether its high yield signals opportunity, ARC Resources (ARX) and what the market misunderstood about Attachie, Athabasca (ATH) and whether its surge puts it in takeover territory, and Imperial (IMO), whose refining strength has driven massive outperformance versus the rest of the sector.The conversation then rolls seamlessly into David’s Pro Picks, where he lays out how he’s positioning for the next leg of the cycle. He highlights why CES Energy Solutions (CEU) is a mispriced, market-share-gaining service company that doesn’t need higher oil to re-rate; why he thinks investors should own Clearwater names—Tamarack Valley Energy (TVE) and Headwater Exploration(HWX)—given fast payouts, reservoir enhancements, and long free-cash runways; and why PrairieSky (PSK) and Topaz (TPZ), two of the sector’s premier royalty plays, remain undervalued compounders that bring stability and upside to an energy portfolio. He closes with Tourmaline (TOU), making the long-term gas case and explaining why it’s the kind of stock where long-horizon investors could “park capital and wake up rich.”If you want to understand where the energy cycle is really headed—and why David believes the biggest gains are still ahead—this episode connects every dot.Timestamps00:00 Show intro02:05 Who is David Szybunka?04:10 How does David continue to outperform?06:45 We’re year 5 of a 15-year energy bull cycle10:00 Why are the stocks doing better than the commodity right now? 12:30 Politics and the 15-year bull market. It’s more than just policy18:10 Price drives sentiment. How long does the Capex cycle in AI last?20:30 Is ESG dead?22:40 M&A in energy27:50 ITM Mailbag: Whitecap Resources stock (WCP) 30:00 Abaxx Technologies stock (ABXX.NE)34:30 Southbow Corp. stock (SOBO)35:50 Arc Resources stock (ARX)37:50 Athabasca Oil chart (ATH)40:15 Imperial Oil stock (IMO)45:50 David’s Pro Picks (CEU, TVE, HWX, PSK, TPZ, TOU)SponsorsFor 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.The mailbag is brought to you by BMO ETFs. If you're a DIY investor looking to take control of your portfolio, BMO ETFs makes it easy. Check out the ETF Compare Tool, Stock Replacement Tool, and News and Insights under the Tools section at www.bmoetfs.com — perfect for analyzing your options, spotting trends, and building a portfolio that fits your goals and timeline.Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

AI has driven tech stocks to new heights — but are we starting to see cracks in the story? Amber Kanwar sits down with Shane Obata of Middlefield to find out whether the AI trade is running out of steam or just gearing up for its next phase. From Nvidia’s dominance to rising capital costs across the sector, Shane explains where investors should stay cautious and where the next wave of profits could come from — and why, in this market, all roads still lead to OpenAI.In the Mailbag, Shane weighs in on AMD (AMD) and its new deal with OpenAI, why Taiwan Semiconductor (TSM) still shines despite China risks, and how Salesforce (CRM) stacks up against Microsoft (MSFT) in the software wars. He breaks down Meta’s (META) need for a new “shiny object,” calls Apple (AAPL) the ultimate safety trade, and explains how Amazon (AMZN)’s rebound in AWS shows its AI story is far from over.In Pro Picks, Shane shares three fresh ideas beyond the Mag 7: Samsung Electronics, poised to benefit from a global memory crunch; Take-Two Interactive (TTWO), ready to soar on the back of Grand Theft Auto VI; and Alibaba (BABA), a contrarian bet on China’s tech revival. He also reveals the theme he says will define 2026 — power — the hidden force driving the entire AI buildout.Timestamps00:00 Show intro02:10 It’s been a crazy year for tech, but you need to have it04:50 Why was it a tough earnings season for tech and is this an opportunity ?07:35 All roads lead to OpenAI11:30 How do you responsibly allocate for AI?16:00 ITM Mailbag: Advanced Micro Devices stock (AMD)21:45 Taiwan Semiconductor Manufacturing stock (TSMC)24:30 Salesforce stock (CRM)28:30 Meta stock (META)34:40 Amazon stock (AMZN)37:25 Shopify stock (SHOP) 39:00 Constellation Software stock (CSU) 46:00 Shane’s Pro Picks ( Samsung, Take-Two Interactive, Alibaba)SponsorsFor 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.The mailbag is brought to you by BMO ETFs. If you're a DIY investor looking to take control of your portfolio, BMO ETFs makes it easy. Check out the ETF Compare Tool, Stock Replacement Tool, and News and Insights under the Tools section at bmoetfs.com — perfect for analyzing your options, spotting trends, and building a portfolio that fits your goals and timeline.Pro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more informationThe mailbag is brought to you by BMO ETFs. If you're a DIY investor looking to take control of your portfolio, BMO ETFs makes it easy. Check out the ETF Compare Tool, Stock Replacement Tool, and News and Insights under the Tools section at www.bmoetfs.com — perfect for analyzing your options, spotting trends, and building a portfolio that fits your goals and timeline.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

This week on In the Money with Amber Kanwar, it’s a different kind of conversation — no portfolio managers, no mailbag, just an honest, wide-ranging “good hang” with two Canadian heavyweights.Amber sits down with bestselling author Howard Green, whose book Gimme a Crisis tells the remarkable story of former Scotiabank CEO Rick Waugh, who joins the conversation too. Together, they dive into the moments that defined Canada’s banking system — and Waugh’s extraordinary career — from Argentina’s collapse to the 2008 financial crisis and what came after. Along the way, they unpack why Canada’s banks emerged as some of the strongest and most stable in the world — and what lessons that strength holds for the future.It’s part history, part leadership masterclass, and part storytelling gold — a rare glimpse into how crises shape character, business, and a nation.Timestamps0:00 Show intro02:15 The story of how this book came to be06:40 A book about Rick and the Canadian banking system09:20 Numbers are important but personalities are just as important11:00 Dealmaking, meeting Donald Trump and what it takes for Canada to win 14:30 Assessing risk and Canada’s banking sector16:50 A crisis: the story of Scotiabank in Argentina23:40 Scotia’s international expansion under Rick28:00 Competition and Canadian banks in the U.S.30:30 Opportunities for Canada’s banking sector. If the U.S. was a stock would you buy or short?34:00 How can Canada get out of its own way?36:40 The Financial Crisis46:15 Parallels between today and the financial crisis49:00 How EBITDA changed Rick’s life! SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

The Trump Trade is shaping the market right now. In this episode of In the Money with Amber Kanwar we sit down with Infrastructure Capital Management CEO Jay Hatfield to break down how the current wave of tariffs, deregulation, and government-backed investing is moving markets — and creating opportunities — in surprising places. From Washington’s national security bets to Silicon Valley’s political flip, this episode unpacks what the “Trump trade” means for stocks, sectors, and your portfolio.Hatfield explains why America’s push into strategic industries like resources, chips, and AI is creating clear winners — and how to position yourself without getting caught in the hype. He also shares how “the Trump effect” is reigniting deal-making, unlocking private equity, and fueling what could be the next multi-year bull run.From private equity giants to fast food staples, Jay takes listener questions on Brookfield (BN) vs. BlackRock (BLK) and whether private managers will dominate North American infrastructure. He breaks down why McDonald’s (MCD) could be a steady play for 2026, Pepsi (PEP) may have more upside after activist pressure from Elliott Management, and how Kimberly-Clark’s (KMB) deal for Kenvue (KVUE) could still deliver gains. Plus, his candid take on long-suffering Pfizer (PFE), why he trimmed his position in Broadcom (AVGO), utility players NextEra and Vistra (NEE, VST) and how to approach regional banks like Fifth Third (FITB) amid some credit fears.In Pro Picks, Jay lays out his top “Trump trade” plays — KKR (KKR) and Apollo (APO) — benefit directly from deregulation, renewed M&A activity, and a friendlier environment for private capital. He’s still bullish on Amazon (AMZN) as a cost-cutting story with cloud upside, and sees big opportunity in Marvell (MRVL), a cheaper AI chip play that’s been unfairly punished.Recorded on: Tuesday November 4th, 2025Timestamps00:00 Show intro02:15 The Trump Administration is buying stakes in U.S. stocks, why, and what does it mean for the market?05:15 Why this creating a bubble may not actually be a bad thing08:25 If AI has the backing of the U.S. government does that make valuations less worrying?11:10 Why tech makes up only a small portion of Jay’s portfolio 16:10 Is it time to look outside of the AI trade?17:30 Is OpenAI an under appreciated risk? 19:30 Where are rates headed?22:20 ITM Mailbag: Brookfield or Blackrock? (BN, BLK)23:40 Mcdonald’s stock (MCD)26:40 Pepsi stock29:00 Kenvue & Kimberly Clark (KVUE, KMB) 31:40 Pfizer stock (PFE)36:30 Broadcom stock (AVGO)37:50 NextEra & Vistra (NEE, VST)41:40 Fifth Third Bancorp (FITB)44:15 Jay’s Pro Picks ( KKR, APO, AMZN, MRVL)SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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, 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

While everyone’s chasing the next tech trend, Kelsey Dunwoodie is digging where Canada’s real wealth—and entrepreneurial spirit—lies: in the ground. On this episode of In the Money with Amber Kanwar, the Deans Knight Capital Management portfolio manager lays out the bullish case for Canada’s great resource comeback. From gold miners to natural gas producers, she argues the next wave of growth will come from small and mid-cap companies built by hands-on founders who’ve weathered every boom and bust.She breaks down why gold producers are flush with cash, how energy companies are positioning for the next upcycle, and why she’s steering clear of the rare earths hype—for now. Kelsey fields questions across the resource landscape. She explains why she once owned Foran Mining (FOM.TO) but now prefers Taseko Mines (TKO.TO) for its consistent operations and better valuation. In forestry, she’s staying loyal to West Fraser Timber (WFG.TO), praising its management and ability to outperform through any housing cycle. On royalties, she says Franco-Nevada (FNV.TO) and Wheaton Precious Metals (WPM.TO) are proven powerhouses but highlights Topaz Energy (TPZ.TO) in the energy space. She also discusses Osisko Metals (OM.TO) and its Gaspe Copper Project, calling it a story to watch, and points to Equinox Gold (EQX.TO) as her largest gold position—a miner shifting from spending to strong cash generation. Dunwoodie closes the show with three under-the-radar Canadian resource stocks she believes are set to outperform. Champion Iron (CIA.TO) leads the list, an iron ore miner entering a new phase of higher-margin, low-carbon production. She names Denison Mines (DML.TO) as her favorite way to play the uranium boom and global nuclear buildout. And rounding it out, Paramount Resources (POU.TO)—a family-run natural gas producer growing more than 20% a year without needing to raise a dime.Timestamps00:00 Show intro 02:30 How Kelsey got into resource investing03:30 Why resources? It’s Canada’s Silicon Valley 07:10 What dedication really means!08:30 The gold rally & gold producers 14:10 A new wave of M&A in the gold space17:10 Why Kelsey likes both oil & gas 20:30 Energy small-caps are disappearing22:00 Rare Earths, Lithium and figuring out a pathway to a final product29:30 ITM Mailbag: Foran Mining stock (FOM)32:55 The Lumber market & West Fraser Timber (WFG)39:10 Wheaton Precious Metals & Franco Nevada, Topaz Energy43:15 Osisko Metals (OM)46:10 Equinox Gold (EQX)50:40 Pro Picks (CIA, DML, POU)1:04:40: ETF Minute: Middlefield’s Healthcare Dividend ETF (MHCD.TO)SponsorsFor 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 informationETF Minute is brought to you by Middlefield. Find out more about the Middlefield Healthcare Dividend ETF here: https://middlefield.com/funds/exchange-traded-funds/healthcare-dividend-etf/Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.MIDDLEFIELD DISCLAIMER Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.This material has been prepared for informational purposes only without regard to any particular user's investment objectives or financial situation. This communication constitutes neither a recommendation to enter into a particular transaction nor a representation that any product described herein is suitable or appropriate for you. Investment decisions should be made with guidance from a qualified professional. The opinions contained in this report are solely those of Middlefield Limited (“ML”) and are subject to change without notice. ML makes every effort to ensure that the information has been derived from sources believed to be reliable, but we cannot represent that they are complete or accurate. However, ML assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information. ML is under no obligation to update the information contained herein. This document is not to be constru

In this special episode of In the Money with Amber Kanwar, taped live from Vancouver at Raymond James’ National Business Conference, Amber sits down with Larry Adam, Chief Investment Officer at Raymond James Financial, who oversees more than $1.5 trillion in assets. Larry shares why he’s still bullish on equities, why fundamentals—not feelings—drive his outlook, and why he believes this bull market has years left to run.They dig into it all — from AI’s staying power and rate cuts fueling growth, to whether gold’s rally has gone too far, and how fiscal policy, tariffs, and national security priorities are shaping markets. Larry also explains how investors should think about inflation, small caps, and the growing dominance of U.S. mega-cap tech — and where the next leg of market leadership could come from. Larry’s Pro Picks highlight the sectors he believes will drive returns through 2026: Technology, Industrials, and Healthcare. From the ongoing AI revolution and global defense spending to the demographic demand powering healthcare innovation, he breaks down why these areas could remain the cornerstones of investor portfolios in the next phase of the bull market.Larry strikes a confident but disciplined tone — reminding investors that while volatility may return, the long-term fundamentals remain strong. He’s staying the course, trusting the data over the noise, and betting that the best of this bull market is still ahead.Timestamps00:00 Show intro with Larry Adam, CIO, Raymond James01:10 Larry talks about his approach to investing02:40 Larry on the role of a CIO03:25 Larry’s 6900 target for the S&P 500 and why we’re only halfway through the bull market05:05 How to reconcile the market with the negative headlines07:30 Rates, inflation & tariffs09:45 Why Larry is more cautious on gold11:20 Larry’s comfort level with AI14:40 Tech and the S&P 50016:30 Broadening in the S&P 500 18:00 Larry on U.S. fiscal policy19:45 Why the World Cup, America’s 250th Anniversary and the U.S. Midterms will keep the economy on solid footing20:25 Tariffs and the lack of market reaction22:30 The Trump trade and understanding Trump’s strategic priorities26:45 Expectations for small caps30:50 Where does Larry get pushback?33:10 How does fixed income play a role in portfolios?35:10 Larry’s Pro Picks (tech, industrials, healthcare) SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.Raymond James Ltd. is regulated by the Canadian Investment Regulatory Organization ("CIRO") and is a Member of the Canadian Investor Protection Fund.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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Can you really have it all — growth and income? Rob Lauzon, Chief Investment Officer at Middlefield, says yes. In this episode of In the Money with Amber Kanwar, he explains why dividend stocks are finally back in the spotlight — and why some of the biggest opportunities may be hiding in the most unloved corners of the market.From oil producers to pipelines and REITs, Rob breaks down where he’s finding value, yield, and upside in a market obsessed with AI. He shares his outlook on oil, gold, and the political shift that could breathe new life into Canada’s resource sector — and why he believes energy investors are entering a new era of disciplined balance sheets and shareholder returns.Amber and Rob tackle your questions on gold, pipelines (ENB, TRP, PPL), and energy names like Whitecap (WCP). They discuss possible tie-ups in the resource sector, with Rob suggesting a Barrick-Newmont deal could be a possibility. They also get into the outlook for REITs, from Dream Industrial (DIR.UN) to Northwest Healthcare (NWH.UN), and discuss whether Equitable Bank (EQB) has become a contrarian buy after its recent pullback.In Pro Picks, Rob shares three dividend-paying stocks that combine value, income, and serious upside — from Canadian Apartment REIT (CAR.UN) to Tourmaline (TOU) and U.S. regional bank Western Alliance (WAL). His theme this week? You can have it all — growth + income.Timestamps00:00 Show intro02:20 Rob’s investment style and where energy fits in04:30 The evolution of investing in energy 09:00 The politics question & the foreign investor question13:30 Do companies have conviction that things are really getting better in the oil patch?15:00 Oversupply and oil prices17:00 Why Rob is finding value & income in the energy sector21:10 What happens if the AI bubble bursts?22:10 ITM Mailbag: gold27:55 Pipeline & Royalty stocks (TOP, ENB, PPL, Southbow, Gibson)33:00 Whitecap Resources stock (WCP)32:35 Northwest Healthcare (NWH.UN)34:40 Dream Industrial REIT48:05: EQB stock41:00 Rob’s Pro Picks (CAR.UN, TOU, Western Alliance Bank)SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

In a market obsessed with momentum and AI hype, Ryan Bushell is betting on something far less flashy — patience, discipline, and dividends. On this episode of In the Money with Amber Kanwar, the Newhaven Asset Management CEO proves that being a younger investor with an old-school mindset can still outperform. His focus: companies that can compound for decades, not just quarters.Bushell breaks down why rising power demand is reshaping the investment landscape and why “boring” sectors like utilities and infrastructure might hold the most exciting opportunities ahead. In the mailbag, he tackles listener questions on Canadian Natural Resources (CNQ.TO), he addresses the Cenovus–MEG–Strathcona saga, the Canadian banks, Thomson Reuters (TRI.TO), K-Bro Linen (KBL.TO), and Fortis (FTS.TO) — weighing where value still exists after record highs.And in Pro Picks, Bushell shares his favourite long-term compounders hiding in plain sight: Pembina Pipeline (PPL.TO), ARC Resources (ARX.TO), and Brookfield Infrastructure (BIP.UN) — steady names built for investors who’d rather win slowly than chase the next flashy thing.Timestamps00:00 Show intro 02:00 Ryan’s conservative approach to investing and forming his style during the GFC 07:40 Starting Newhaven Asset Management 10:40 Ryan’s view of the current market 13:10 Can you be bearish on AI spending but still like some of the sectors involved 17:05 Ryan’s view on gold 20:20 Why Ryan is sitting on cash right now 23:10 ITM Mailbag: CNQ stock 29:00 Canadian banks 32:25 Thomson Reuters stock (TRI) 35:00: K-Bro Linen stock (KBR) 38:40 Fortis stock (FTS) 42:40 Ryan’s Pro Picks (PPL, ARX, BIP.UN)SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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, 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Stocks are at record highs — so why does it still feel like everyone’s on edge? Amber Kanwar sits down with Craig White, Senior Wealth Advisor and Portfolio Manager at Plena Wealth which is part of Raymond James, to unpack what he calls “the most unloved bull market ever.” They dig into how to stay invested when anxiety is high, why sentiment and fundamentals are clashing, and how his core vs. explore framework helps take the emotion out of investing.In the Mailbag, Craig tackles listener questions on key trades shaping the market right now. He explains why gold’s massive run might be due for a breather, even as the long-term bull case remains intact. He breaks down the surprising strength in the Canadian banks — from TD (TD.TO) and RBC (RY.TO) to the rest of Canada’s dividend heavyweights — and what’s really driving those stocks higher. He also weighs in on whether the telcos are finally coming out of the penalty box, with Rogers (RCI.B.TO) leading the charge, and gives his take on U.S. names like Netflix (NFLX), Tesla (TSLA), and Intel (INTC). And yes — he even weighs in on Pool Corp (POOL) and what investors can learn from Warren Buffett’s latest buy.In Pro Picks, Craig shares three of his top ideas for the months ahead. He’s buying Nike (NKE) as a turnaround story that’s getting back to its core business. He sees Intact Financial (IFC.TO) as a steady, underappreciated compounder with world-class management. And he’s backing Tourmaline (TOU.TO) as the best way to play the coming demand for natural gas — and the energy needed to power the AI revolution.Timestamps00:00 Show intro 02:05 Investors are fearful but stock are hitting records, what’s going on? 04:20 Is credit quality still robust, what about the cracks in U.S. regional banks last week? 06:00 Understanding Craig’s Core vs. Explore approach 10:10 This is a hated bull market 12:30 ITM Mailbag: gold stocks 16:30 TD Bank stock (TD) 24:20 Royal Bank stock (RY) 27:20 Telcos & Rogers stock (RCI.B) 32:45 Netflix stock (NFLX) 37:40 Tesla stock (TSLA) 40:50 Intel stock (INTC) 43:20 Pool Corp stock (POOL) 46:30 Craig’s Pro Picks (NKE, IFC, TOU)SponsorsFor 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.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.Raymond James Ltd. is regulated by the Canadian Investment Regulatory Organization ("CIRO") and is a Member of the Canadian Investor Protection Fund.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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews.

“The best of the bull market is still ahead of us.” That’s how Nick Griffin, Founding Partner and CIO of Munro Partners, sees it. The Australia-based global growth investor joins In the Money with Amber Kanwar to explain why the AI boom isn’t a bubble — it’s the start of a once-in-a-generation expansion. Griffin says we’re only in year three of a bull market that could last a decade, with trillions of dollars still to be spent building the infrastructure for artificial intelligence. From data centers and chipmakers to clean energy and sports entertainment, he breaks down where the biggest opportunities lie — and why staying optimistic could be the smartest move in markets right now.He also weighs in on the U.S.–China trade war, why Taiwan Semiconductor (TSM) is both a risk and an opportunity, and how global tensions could shape the race to dominate AI.In the Mailbag, Amber and Nick dive into listener questions on some of the world’s biggest growth names — including Shopify (SHOP) and its OpenAI partnership, Salesforce (CRM) and its fight to stay relevant, Intuitive Surgical (ISRG) as an AI-in-healthcare leader, and why Mastercard (MA) continues to beat every disruption story thrown its way. Griffin also explains why Constellation Energy (CEG) has become an unlikely growth stock, and what he admits he got wrong about Palantir (PLTR).In Pro Picks, Griffin shares his three highest-conviction ideas: Nvidia (NVDA), still his top holding even after its massive run; Contemporary Amperex Technology (CATL), the battery giant powering the clean-energy transition; and TKO Group (TKO), the UFC–WWE parent company capitalizing on the unstoppable rise of live sports.Timestamps00:00 Show intro03:30 Why Nick thinks the best of the bull market is still in front of us05:20 Comparing the AI revolution to the first time you got an iPhone06:50 Is it valid to compare this time to the dotcom bubble? 08:20 Nick is in the camp this is a boom, don’t be scared of the boom 10:20 What about the circular nature of some of these AI deals?11:50 Why Nick listens to everything Nvidia’s Jensen Huang says15:50 How Nick handled the downturn in 202218:00 What about U.S.-China tensions and what that means for the AI revolution19:25 Why AI is just one-third of Nick’s global growth fund. Why he’s focused on climate and sports too22:25 ITM Mailbag: Shopify (SHOP) stock25:25 Taiwan Semiconductor (TSMC) stock28:30 Salesforce stock (CRM)31:00 Nick’s thoughts on quantum33:25 Intuitive Surgical stock (ISRG)35:40 Visa & Mastercard stocks (V, MA)38:30 Constellation Energy stock (CEG)40: 50 Palantir stock (PLTR)42:45 Nick Griffin’s Pro Picks (NVDA, CATL, TKO)SponsorsFor 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.This segment has been paid in part by CI Global Asset Management. Find out more at: https://www.cifinancial.com/ci-gam/ca/en/index.htmlPro Picks is brought to you by ATB Financial. Visit https://ATB.com/inthemoney for more informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.This segment of “In the Money" with Nick Griffin ” has been paid in part by CI Global Asset Management. This podcast is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Investors should seek the advice of professionals prior to implementing any changes to their investment. The opinions expressed in the communication are solely those of the author(s) and are not to be used or construed as investment advice or as an endorsement or recommendation of any entity or security discussed. The author and/or a member of their immediate family may hold specific holdings/securities discussed in this podcast. Any opinion or information provided are solely those of the author and does not constitute investment advice or an endorsement or recommendation of any entity or security discussed or provided by CI Global Asset Management. Certain statements in this podcast are forward-looking that are predictive in nature, depend upon or refer to future events or conditions. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actua

Mike Rose built Tourmaline into Canada’s largest natural gas producer — and he’s not done yet. In this episode of In the Money with Amber Kanwar, the veteran energy executive explains how Tourmaline went from zero to industry leader, why he’s betting on LNG exports, and what AI and data centres mean for the future of natural gas demand. Rose breaks down the current slump in Alberta gas prices — and why he thinks a turnaround is just weeks away. He also defends Tourmaline’s ambitious capital spending plans, shares what the market is missing about their long-term strategy, and reveals how the company keeps rewarding shareholders with those famous special dividends.From the electrification boom to the global LNG race, Rose lays out why he believes Canada is finally on the path to becoming an energy superpower — and what it will take to get there.Don't miss this interview if you want an inside look at the strategy, vision, and staying power behind one of Canada’s great energy success stories.Timestamps00:00 Show intro01:50 Tourmaline’s origin story05:30 Tourmaline’s edge over other nat gas players07:50 Why Mike thinks nat gas prices will move up in a few weeks13:50 What’s Canada doing on the LNG front?15:00 The global gas market17:00 Tourmaline’s space in the market20:55 Tourmaline’s spending plans28:13 Cross Border Investing with Darren Coleman from Portage Wealth of Raymond James31:15 Mike on Tourmaline’s dividends33:15 Mike on deals in the oil & gas sector37:15 AI, gas demand and the future of the industry45:50 How can Canada be an energy superpower?50:00 Mike says foreign players are getting more interested in Canada51:20 What needs to change for Canada and Canadian gas producers53:50 The reality of the Canada/U.S. energy relationship55:50 What’s next for Mike Rose and his vision for Tourmaline SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.Raymond James Ltd. is regulated by the Canadian Investment Regulatory Organization ("CIRO") and is a Member of the Canadian Investor Protection Fund.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.#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Wall Street meets real talk in this week’s In the Money with Amber Kanwar, featuring none other than Downtown Josh Brown — the CEO of Ritholtz Wealth Management, CNBC regular, and host of the hit podcast The Compound and Friends. From surviving the chaos of the 2008 financial crisis to building a wealth management firm with billions under management, Josh shares how storytelling, not spreadsheets, shaped his investing journey.Amber and Josh dig into today’s market vibes — from AI-fueled rallies to why valuations “don’t have to rhyme with 2000.” Josh tells us how he thinks about managing risk, and what he really thinks about gold, tariffs, and America’s new brand of “mercantilism.” Importantly he tells our listeners to stay invested, diversify and offers his most important rule: shut the f**k up! In Pro Picks, Josh opens up his own portfolio and explains why his biggest bet is on Uber (UBER) — the “cheapest large-cap tech stock,” and his play on the future of autonomous delivery and driverless mobility. He’s also adding to Amazon (AMZN), confident that its partnership with Anthropic and growing cloud presence will make it a bigger AI winner than investors realize. Then there’s Rocket Companies (RKT), which he calls a top way to play a housing rebound and the refi boom he expects once rates fall. And finally, Toast (TOST) — his pick for the restaurant tech revolution, building a sticky ecosystem from payments to payroll that could make it the “Amazon of hospitality.”Timestamps00:00 Show intro02:00 Downtown Josh Brown tells us how he he fell in love with the stock market05:30 Why Josh started the blog The Reformed Broker, and how it changed his life 08:30 It’s hard to remind yourself that history doesn’t repeat10:30 Is Josh worried right now?13:00 Where does the market go from here? The mean reversion you’re waiting for isn’t going to happen17:00 Stay invested, respect trend and shut the f**k up20:40 Why Josh & Ritholtz make tailored, bespoke portfolios for clients23:40 What is the gold rally telling Josh?33:15 Cross-Border investing with Raymond James35:35 What does Josh think about Canada? He loves it37:55 Why Josh thinks the most dangerous place to be is a shareholder in the biggest company in Canada40:05 Risk is to the upside when it comes to tariffs42:10 Josh says Trump is not a capitalist, he’s a mercantilist45:15 Josh’s Pro Picks (UBER, AMZN, RKT, TOST) SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.Raymond James Ltd. is regulated by the Canadian Investment Regulatory Organization ("CIRO") and is a Member of the Canadian Investor Protection Fund.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.#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

In a market obsessed with AI and momentum trades, dividend investors are quietly cashing in. In this episode of In the Money with Amber Kanwar, Laura Lau, Chief Investment Officer at Brompton Funds, shares how she’s finding dividend income in a market chasing growth. With stocks at record highs, Lau explains how to balance yield, total return, and capital appreciation — and why dividend investing still has plenty of life left, from Canadian banks to European value plays.In the mailbag, Lau weighs in on Apple (AAPL) and its lagging AI story, the appeal of Enbridge (ENB) as a steady yield play, and why Imperial Oil (IMO) continues to outperform even in a range-bound oil market. She explains why she considers ExxonMobil (XOM) a long-term hold despite flat performance and also discusses Parex Resources (PXT) and the sustainability of its 8.5% yield. She doesn’t shy away from the tough calls — including her cautious take on BCE (BCE) after its dividend cut, and tells us why Quebecor (QBR.B) is her favourite name in the Canadian telco space. Plus, she highlights opportunities in Dollarama (DOL), the surprising growth name that keeps compounding returns, and breaks down how investors should think about preferred shares and split corps when building income-focused portfolios. For her Pro Picks, Lau goes global with three dividend-growth names she believes can outperform. Citigroup (C) is her U.S. financial pick, poised to benefit from deregulation, cost cuts, and share buybacks. In tech, she highlights Broadcom (AVGO) as a smart way to play the AI and semiconductor boom — with a lower valuation, higher yield, and steady dividend growth. And across the Atlantic, BAE Systems (BA-LON) stands out as a defense leader set to benefit from rising geopolitical spending and long-term global rearmament. Together, these stocks showcase how dividend investors can capture income, stability, and global growth — even in a market obsessed with the next AI winner.If you want to learn how to build a dividend portfolio for the next decade, this is one episode you don’t want to miss.Timestamps00:00 Show intro02:15 Let’s talk about dividends and Laura’s approach04:30 We’re in the first innings of the AI race05:55 Is it harder to find yield opportunities?07:00 Comparing European banks to Canadian banks 09:15 Cross Border Considerations with Darren Coleman from Portage Wealth of Raymond James12:00 ITM Mailbag: Apple stock (AAPL)13:35 Laura’s favourite oil, gas & pipeline dividend stocks (ENB, IMO)17:50 Exxon Mobil stock (XOM)19:20 Parex Resources stock (PXT)20:55 Dollarama stock (DOL)22:20 BCE stock (BCE), Quebecor stock (QBR.B)24:45 Laura’s thoughts on preferred shares & split corps29:35 Laura’s thoughts on single stock covered call ETFs32:30 Laura’s Pro Picks (C, AVGO, BA-LON)SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.Raymond James Ltd. is regulated by the Canadian Investment Regulatory Organization ("CIRO") and is a Member of the Canadian Investor Protection Fund.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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Canadian stocks are hitting record highs, so where should investors look next? On this episode of In the Money with Amber Kanwar, veteran money manager Lyle Stein of Forvest Canada breaks down why he’s leaning into resource stocks and dividend payers as the backbone of a portfolio.From gold miners to pipelines to natural gas plays, Stein explains his “comfort, calamity and children” strategy for portfolio construction as a way to balance income, protection, and long-term growth. He shares why he’s cautious on Canadian banks, where he still sees opportunities in commodities like copper, uranium, and silver, and why dividend-paying stocks remain the vitamins every investor needs.In the mailbag, we tackle viewer questions on some of Canada’s biggest dividend and resource names. Stein shares his thoughts on insurers like Manulife (MFC.TO), pipelines including Pembina (PPL.TO), as well as REITs such as Primaris (PMZ.UN.TO). Lyle highlights large-cap gold leaders like Agnico Eagle (AEM), streamers such as Franco Nevada (FNV) and Wheaton (WPM), and why silver producers like First Majestic (AG) could be the next breakout. He also digs into Cameco (CCO) and its Westinghouse deal as a long-term nuclear power play, while eyeing Teck Resources (TECK) as a copper-driven transition winner.In Pro Picks, Stein reveals his highest-conviction dividend and resource stocks right now: Peyto Exploration (PEY.TO) for natural gas exposure, Sprott Inc. (SII.TO) as a leveraged play on gold, silver, and uranium, and First Majestic Silver (FR.TO) as a way to capture the silver rally.Timestamps00:00 Show intro01:50 What is Lyle’s style of investing? Vitamins for your portfolio04:50 Portfolio construction: Comfort, Calamity, Children 07:15 Markets are at all-time highs. Is this time different?10:35 Canadian stocks are back. Is there still value or opportunity?15:55 What is Lyle doing in the portfolio?20:00 ITM Mailbag: Lyle’s best pick in insurance: Manulife stock (MFC.TO)21:00 Pipelines for yield: Pembina Pipeline (PPL.TO)24:50 Why Lyle doesn’t own any REITs right now, but he’s eyeing Primaris (PMZ.UN)27:00 Teck Resources stock (TCK.B) 29:00 Nat gas stocks (TOU)32:20 Gold & Mining stocks (AEM, WPM, FNV)37:20 Uranium & Cameco stock (CCOl)39:15 Constellation Software (CSU)41:10 Lyle’s Pro Picks (PEY, SII, AG)50:35: ETF Minute: Hamilton ETFs HEB & HCAL SponsorsFor 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 informationETF Minute is brought to you by Hamilton ETFs. Find out more about HEB & HCAL at hamiltonetfs.com Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Opendoor has skyrocketed more than 700% since Eric Jackson first tweeted about it this summer and he says the rally may just be getting started. In this episode of In the Money with Amber Kanwar, the Canadian hedge fund manager returns to explain how he went from an Opendoor skeptic in January to leading a retail “Open Army” that helped drive sweeping management changes, brought the founders back to the board, and turned the stock into his next Carvana-style bet. He's convinced a growing group of retail investors to get into the name and takes time everyday to try to get Drake on board. As he tells us, the rapper's head of security has joined the army and he's getting closer to the superstar too. Jackson also reveals how our show played a role in his conviction on Better Home & Finance (BETR). After hearing about it here, he dug deeper, built a position, and unleashed the same retail energy that powered Opendoor, sending the stock soaring.In Past Picks, Amber checks in on Jackson’s January calls: BTQ (BTQ) and Rigetti Computing (RGTI) which have soared, and Peloton (PTON), which has stayed flat. Find out which ones he’s still holding and why.Then, in his Pro Picks segment, Jackson doubles down on Opendoor (OPEN) and Better (BETR), while adding two Bitcoin miners that are morphing into AI infrastructure plays: Cipher Mining (CIFR) and Iris Energy (IREN). He breaks down why both could ride the surging demand for data centre capacity and why retail investors are once again getting there before Wall Street.Whether you’re fascinated by activist investing, looking for the next 100X opportunity, or just curious how a hedge fund manager can rally a global retail movement, this episode shows exactly how Jackson is rewriting the playbook on stock picking.Timestamps00:00 Show intro08:00 Using AI to select new promising stocks like Carvana09:30 Eric’s story on why and how he bought Carvana when most others had left it for dead16:05 Is Opendoor (OPEN) the new Carvana (CVNA)?22:00 The math that gets Eric to $82 per share on Opendoor25:20 Why Eric says Opendoor is not like Gamestop28:00 Eric’s history of activism and his approach to Opendoor34:20 What Eric tells the haters37:25 How did he get the idea to go to Drake’s house everyday & how close is Drake to buying shares?43:40 Eric’s new bold position in Better Home & Finance (BETR) which was an idea from Dan Lewis on our show back in June51:40 What about the risks? Shouldn’t investors just allocate a small part of their portfolios to this style of investing?53:40 The Rising Dynasty: Why this style of investing can help the middle class1:00:45: Eric’s Past Picks: BTQ Technologies (BTQ), Rigetti Computing (RGTI), Peloton (PTON)1:05:35 Eric’s Pro Picks: IREN & CIFR SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews.

Rick Rule is back on In the Money with Amber Kanwar, and this time he’s doubling down on precious metals. In this wide-ranging conversation, the legendary resource investor explains why he believes we’re still in the early innings of a commodities bull market and how investors should think about energy, rare earths, and precious metals right now.In the listener mailbag, Rick answers a round of questions across the resource spectrum. He says he’s a copper bull but believes it needs a break and discusses names like Freeport-McMoRan (FCX) and NGex (NGEX). He says he’s even more bullish on silver than he is on gold and suggests a number of ways to play it including New Pacific Metals (NUAG), Vizsla Silver (VZLA), AbraSilver (ABRA), Aya Gold & Silver (AYA), Pan American Silver (PAAS) and GoGold (GGD). He also shares his outlook on uranium suggesting that there is still upside in Cameco (CCJ) and gives perspective on rare earth players like Meteoric (MEI) and Aclara Resources (ARA.TO). He also weighs in on mining focused investment firm Dundee (DC.A.TO). From big caps to thinly traded juniors, Rick lays out what’s worth watching and what to avoid.Amber and Rick walk through the performance of his past picks (ARX.TO, TOU.TO, PEY.TO) and of course, Rick reveals his latest Pro Picks. This time he highlights three very different opportunities: Sprott (SII.TO), the go-to brand for precious metals exposure; EMX Royalty (EMX), a fast-growing junior royalty company with a powerful merger story; and ExxonMobil (XOM), his low-risk bet on the future of energy. Together, they showcase how Rick is positioning for what he sees as a long runway ahead for commodities.If you want insight on where to find value in today’s volatile markets—and which commodity plays he thinks are best positioned for the next decade—this is an episode you don’t want to miss. Timestamps00:00 Intro & details on swag giveaway01:55 Rick Rule returns to the podcast and says we’re in the early innings of a gold price boom05:30 How has the last 9-months informed Rick’s view on gold and the USD?08:00 So is this like the 1970s?10:20 What about the Dotcom era?14:00 We’re in inning 3 of a 9 inning game when it comes to gold16:00 Rick talks about the bank he’s building20:00 ITM Mailbag: Copper, Ivanhoe Mines (IVN, FCX,NGEX)24:30 Junior copper players26:20 Rick’s more bullish on silver than gold, and tells us what he owns (New Pacific, Vista, Abra, Aya)30:00 Not pure silver miners (Pan American, Wheaton Precious)33:35 Dundee Corp. stock (DC.A)36:50 Orla Mining stock (OLA)38:25 Rapid fire small cap questions (FMT-V, ECOR, Rare Earths, Uranium)44:20 Rick’s Past Picks (ARX, TOU, PEY)48:15 Rick’s Pro Picks (SII, EMX, XOM) SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews.

There’s no shortage of negativity in the real estate sector but Jeff Olin, one of Canada’s top real estate investors, believes there are opportunities to be had. The President & CEO of Vision Capital has built a track record of finding value in real estate when others miss it, and he shares where he’s bullish, where he’s cautious, and why supply and demand is his ultimate “North Star.”He takes questions from our viewer mailbag, sharing a no-holds barred, unfiltered perspective on real estate stocks. He weighs in on Canadian Apartment REIT's (CAR.UN) struggles, the long-term outlook for Mainstreet Equity (MEQ), and what could come from H&R REIT's (HR.UN) strategic review. He also explains why Allied Properties (AP.UN) may have no choice but to cut its distribution, unpacks the messy Artis REIT (AX.UN) takeover deal, and gives his take on cold storage giant AmeriCold (COLD) and new IPO GO Residential (GO.U). If you’ve been watching these names, you’ll want to hear his candid insights.Jeff ends the episode with his three high-conviction ideas: Chartwell Retirement Residences (CSH.UN), a seniors’ housing play with powerful demographic tailwinds; Dream Industrial REIT (DIR.UN), a deeply discounted industrial name with strong income and growth potential; and First Capital REIT (FCR.UN), which he calls the highest-quality grocery-anchored shopping center portfolio in the world.Don’t miss this masterclass in navigating real estate investing from one of the sharpest minds in the sector.Timestamps00:00 Intro & info on swag giveaway 02:15 Jeff Olin’s approach to investing 06:00 Why he’s constructive on certain asset classes (and names which ones)11:00 Why his M&A track record has been so good 13:00 Jeff’s thoughts on InterRent 17:15 Why Jeff is fairly neutral on office today 20:45 Jeff’s view the condo market right now 23:40 ITM Mailbag: Canadian Apartment REIT (CAP.UN)26:30 Mainstreet Equity stock (MEQ) 30:00 H&R REIT (HR.UN)33:00 Americold 36:50 Allied Properties REIT (AP.UN) 43:14 Artis REIT (AX.UN) 49:00 Go Residential (GO.UN)54:00 Jeff’s Pro Picks (CHR.UN, DIR.UN, FCR.UN)SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

Markets are at record highs, but can the rally last? In this episode of In the Money with Amber Kanwar, renowned technical analyst Katie Stockton of Fairlead Strategies dives deep into the power of technical analysis explaining how she uses price trends, moving averages, MACD, stochastic oscillators, and relative strength ratios to spot market tops, breakouts, and buy signals. She shares why technicals became a crucial tool for investors after 2008, how they help manage risk, and why even long-term investors should respect what the charts are saying.Katie and Amber cover the S&P 500, NASDAQ 100, and Russell 2000 at all-time highs, explaining why momentum remains strong despite short-term signs of exhaustion. They explore the TSX’s outperformance, gold’s breakout and its impact on gold miners, and how international markets are finally catching up to the U.S. Katie also explains why uranium ETFs are flashing bullish technical signals, why silver’s explosive move still has room to run, and why biotech ETFs like XBI and IBB may need more consolidation before moving higher.They also dig into beaten-down names like Lululemon and UnitedHealth, showing how technical analysis can help investors find stabilization levels before buying. In Pro Picks, Katie reveals two buy signals and one sell: Apple breaking out above resistance with fresh momentum, Blackstone generating a long-term momentum buy signal, and Visa showing a topping formation that could lead to further downside.Whether you’re a trader searching for chart setups, an investor weighing AI-driven market leadership, or someone wondering if gold and uranium still have room to run, this episode delivers actionable, technically driven insights you won’t want to miss.👉 Check out Katie’s research trial at FairleadStrategies.com/trialTimestamps00:00 Show intro 02:20 Katie breaks down the basics of technical analysis05:35 Do fundamentals and technicals work together?08:45 Why 2008 was a turning point for technical analysis10:45 What are Katie’s favourite predictive indicators?14:30 What do the technicals say about the S&P 500 and longevity of the rally?20:50 The parallels and difference between the dot com bubble and now22:30 What about meme stocks?25:50 The technicals on the TSX 30:15 Gold vs gold stocks32:30 Uranium34:50 Silver36:00 Biotech37:30 Lululemon stock (LULU)40:35 United Health stock (UNH)42:30 Katie’s Pro Picks (Buy AAPL & BX, Sell V)SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews.

Value stocks are back and Canadian equities may finally be getting the recognition they deserve. In this episode of In the Money with Amber Kanwar, 40-year market veteran Kim Shannon, founder of Sionna Investment Managers, shares why she believes Canada and value investing are poised to outperform in the next decade, despite the market’s obsession with AI, growth, and U.S. mega caps.Kim argues that we’re in the midst of a speculative market, with U.S. indexes trading at historically high P/E multiples. She points to the Schiller P/E as a warning signal, suggesting that U.S. equity returns could average just 1% over the next 10 years compared to 5–7% for Canada. With inflation sticking around, she explains why value stocks, especially in resource-rich, dividend-heavy markets like Canada, have the edge.In the mailbag, Kim breaks down some of her current views on Canadian Tire (CTC.A) as a defensive retail name with a 4% yield, Alimentation Couche-Tard (ATD) as a compounder that’s been temporarily punished for its failed 7-Eleven bid, and CN Rail (CNR) as a long-term winner getting more attractive. She also discusses Rogers (RCI.B) and Quebecor (QBR.B), the telcos she likes, and explains why she’s avoiding REITs for now due to debt and lack of catalysts.Then, in her Pro Picks segment, Kim reveals three high-conviction ideas: Bank of Nova Scotia (BNS) as a turnaround story in Canadian banking, Cenovus Energy (CVE) as a disciplined energy name with acquisition upside, and she lays out her gold strategy with Agnico Eagle (AEM) and Barrick Mining (ABX), marking a rare moment where she’s market-weight gold for the first time in her career.Whether you’re looking for dividend-paying Canadian stocks, worried about U.S. tech valuations, or exploring ways to hedge against interest rate risk and inflation, this episode is packed with insights from one of Canada’s most respected value investors.Recorded on: Wednesday September 10th, 2025Timestamps00:00 Show intro and info on swag giveaway02:25 Kim says the world needs to wake up on Canadian and value stocks04:30 Reconciling negative headlines on Canada and optimism on stocks07:00 Why we’re in the third biggest speculative market this century09:30 Why the U.S. market is likely reaching a peak10:55 Is Kim a perma-bull on Canadian value?13:00 You can see a recovery in value in Canada and Europe15:00 The risk of rate cuts in this environment20:50 ITM Mailbag: Canadian Tire stock (CTC.A.TO)25:10 Couche-Tard stock (ATD.TO)29:20 Are tariffs affecting where Kim wants to pull the trigger? 32:00 Does Kim have a favourite Canadian telco stock? (RCI.B, QBR.B, BCE)36:15 Why Kim doesn’t own any REITs right now38:00 Canadian railroad stocks (CN.TO, CP.TO)42:40 Pro Picks (BNS.TO, CVE.TO, AEM.TO, ABX.TO)SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

It's the biggest takeover battle in Canada right now. Adam Waterous returns to In the Money with Amber Kanwar to make his case for why MEG Energy shareholders should vote for his offer. As Founder & Executive Chairman of Strathcona Resources he’s going head-to-head against Cenovus in a high-stakes bidding war.In this candid conversation, Adam explains why Strathcona raised its offer, what makes his all-share deal different from Cenovus’ largely cash bid, and why he believes MEG shareholders are leaving nearly $4 billion on the table if they don’t back his plan. He also tackles tough questions about shareholder concerns, Strathcona’s special dividend, and whether critics are right to call his stock “inflated paper.”Adam lambastes MEG's board for never engaging with him from the very beginning and tells how much Cenovus should have fork over to outbid him. If you want to understand what’s really at stake in the MEG Energy bidding war — and hear directly from the man behind one of the boldest plays in oil sands history — you won’t want to miss this interview.Timestamps00:00 Show intro & details for swag giveaway 02:15 Adam Waterous tells Amber why he increased his offer for MEG Energy 06:20 Adam makes his sales pitch for why MEG shareholders should tender to Strathcona 14:00 Questions about Adam’s argument 16:25 Break 16:50 What kind of feedback is Adam getting from MEG shareholders? 18:50 How far is Adam willing to go to get MEG? 21:35 Pushback of shareholders 25:20 Is Strathcona using ‘inflated paper’ for the transaction? 29:00 Adam on the special dividend 31:35 Are there options for M&A other than MEG? 36:10 Why won’t Adam just offer a 4-handle and be done with it? 39:15 Does MEG’s rejection feel personal? 42:10 Adam believes MEG’s board is not acting in the best interests of shareholders 44:50 Where is Strathcona in two years? Why Adam is bullish on Canada’s oil sector 46:50 Mike Larson of the Moneyshow tells viewers about the upcoming event in Toronto SponsorsFor 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] tickets for Toronto’s MoneyShow at: https://toronto.moneyshow.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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews.

Stocks are soaring on AI hype but are investors missing the real risks? In this episode of In the Money with Amber Kanwar, legendary Wall Street strategist Larry McDonald, founder of the Bear Traps Report and author of the new book How to Listen When Markets Speak, explains why the next big rotation is already underway from overvalued tech stocks to overlooked hard assets.Larry explains why gold, silver, copper, uranium, and even coal are crushing tech stocks like Nvidia and Meta, and why energy infrastructure is the overlooked key to the AI boom. He argues that the “Magnificent 7” may face significant drawdowns and explains why institutional investors are growing wary of the Mag 7 as capital expenditures skyrocket and return on invested capital becomes harder to justify. In a wide-ranging discussion, Larry unpacks why inflation may prove stickier than markets expect, how monetary and fiscal policy are fueling a stagflation setup, and why the Fed’s easing could backfire, pushing even more capital into gold, silver, copper, uranium, and natural gas. In the mailbag, Larry answers questions on copper demand in the robotics age, how to approach physical commodities vs equities, and why it’s time to start thinking seriously about junior miners. He also shares a contrarian take on Tesla and warns about growing debt risks, specifically in Europe. Then, in his Pro Picks segment, Larry reveals three of his top trade ideas in this new market regime: shorting Nvidia through a leveraged ETF, going long natural gas via equities like Range Resources and Antero, and betting on coal as an unexpected winner of AI’s energy needs.Whether you’re rethinking tech exposure, looking for real inflation hedges, or trying to understand how capital is rotating in a high-volatility world, this episode is packed with big-picture insight and tactical ideas you won’t want to miss.The Bear Traps Report: https://www.thebeartrapsreport.com/How to Listen When Markets Speak: https://www.amazon.ca/Listen-When-Markets-Speak-Opportunities/dp/0593727495Timestamps00:00 Welcome back & details for our swag giveaway04:05 The Lehman story and Larry’s origin story06:00 Larry’s new book and the migration of capital to hard assets10:00 What about AI? Investing in commodities for the AI trade14:30 Aren’t the commodities vulnerable?16:30 But Microsoft & Nvidia are not Class of 2000 stocks18:30 Are Larry’s clients ready to wean off the Mag 7?21:30 Why Larry believes inflation will remain elevated25:30 What kind of drawdown could investors be looking at? 29:00 The risk of Trump crushing the Fed’s credibility & stagflationary risk33:30 When does the U.S. debt situation become an actionable accident37:50 What is the struggling U.S. dollar telling us?39:40 ITM Mailbag: Where is copper going in the next 1-3 years? (COPX)44:00 Junior gold miners and Equinox Gold stock (EQX)45:20 Foran Mining, uranium miners46:20 Tesla stock (TSLA)49:00 What’s the biggest risk in markets Larry sees right now?52:35 Larry’s Pro Picks (short NVDA, long nat gas, long coal)1:05:15 ETF Minute: CI Covered Call ETFs1:09:45 Coming up: Adam Waterous SponsorsFor 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 informationETF Minute is brought to you by CI Global Asset Management. Find out more about the CI Covered Call ETFs here: https://funds.cifinancial.com/en/funds/ETFS/CIGoldGiantsCoveredCallETF.html?currencySelector=1&classId=455&redirect_type=class_id https://funds.cifinancial.com/en/funds/ETFS/CITechGiantsCoveredCallETF.html?currencySelector=4&classId=455&redirect_type=class_idLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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.This segment of “In the Money" with George Lagoudakis ” has been paid in part by CI Global Asset Management. This podcast is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Investors should seek the advice of professionals prior to implementing any changes to their investment. Certain statements in this podcast are forward-looking tha

Real estate feels like it’s at a crossroads - office vacancies, condo challenges, and a housing affordability crisis. But for Michael Cooper, Chief Responsible Officer of Dream Unlimited, there are still pockets of big opportunity. In this episode of In the Money with Amber Kanwar, Michael speaks candidly about the risks weighing on Canadian real estate and the strategies that still deliver long-term growth.Michael explains how Dream has navigated a brutal office cycle, why industrial and apartments remain resilient, and how diversified real estate can be both exhausting and rewarding. He shares his journey from boat washer to real estate leader, the mentors who shaped his career, and the unconventional management style behind Dream’s $28 billion portfolio.He also dives into Canada’s housing crisis - why condo projects have stalled, why affordability is more about incomes than supply, and how government policy needs to shift. Plus, Amber and Michael tackle hot-button issues like immigration pressures, productivity decline, and Canada’s competitiveness compared to the U.S.From REIT valuations and activist pressure to master-planned communities in Western Canada, this episode delivers a blunt, inside look at where money is really being made in real estate.Whether you’re an investor curious about undervalued REITs, a homeowner watching the condo market, or just trying to understand how Canada can get its housing story back on track, Michael Cooper’s insights will change the way you think about property and policy.Timestamps00:00 Show intro02:25 Why Michael calls himself the Chief Responsible Officer 03:30 Why Michael first got into real estate06:30 What makes real estate investors different from other investors?08:45 How did the ‘dream’ come to be?09:50 Break10:30 What is the value of Dream’s total assets? 12:40 How bad did it get for Dream Office and where are we today?18:05 What will get people excited about the sector again?20:45 Break21:10 How bad is the condo market right now and how much worse can it get? 23:55 Why the housing and homelessness crisis more political than financial26:40 What would it take for Michael to build right now? The issue is people don’t make enough money28:35 The problem with immigration and Canada’s policies and why it’s important CEOs talk about it33:15 What is Michael kicking the tires on right now? 37:40 M&A in the REIT sector and has Michael been looking at public market companies?43:20 What’s the secret sauce to making money in real estate?47:20 How do you build wealth in real estate? 50:20 What Michael has learned from his mistakes52:00 Michael on affordable housing and explains that governments are open-minded to coming up wth solutions52:55 How does Michael think about his legacy?SponsorsFor 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 informationOver 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.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 invita

He turned a $19K house flip into a $2 billion real estate empire and his stock is up more than 4000% since going public. In this episode of In the Money with Amber Kanwar, Amber sits down with Bob Dhillon, CEO of Mainstreet Equity, to unpack how he built one of Canada’s most successful small-cap real estate stories.Bob explains why mid-market, value-add apartments in Western Canada remain his competitive edge, how buying buildings at a fraction of replacement cost created long-term upside, and why he doubled down during downturns instead of retreating. He also shares how immigration shaped his entrepreneurial path, why he’s never sold a single share of Mainstreet, and what he sees as the future for housing affordability in Canada.Over 25 years, Dhillon has grown Mainstreet to 18,600+ rental units with $270M in revenue, while delivering 14 straight quarters of double-digit returns. He reveals why he resisted the REIT model, why Toronto and Ontario didn’t fit his strategy, and how Western Canada’s overlooked markets provided him with runway others ignored.Whether you’re an investor looking at small-cap opportunities, interested in real estate cycles, or curious about how one entrepreneur built a $2B empire from the trunk of his car, this episode is packed with insights on long-term conviction, value creation, and compounding returns.Timestamps00:00 Show intro02:20 How did Bob get the name Bob Dhillon?03:20 Bob’s origin story06:00 How Bob got to Canada and created Mainstreet Equity10:15 Break11:00 The core principles of Mainstreet Equity13:00 Why western Canada?14:30 The stats on Mainstreet Equity17:30 Mainstreet’s macro thesis19:00 Why Bob loves Winnipeg + did he ever think about moving to Ontario & Quebec?20:30 Break 21:00 Are more investors looking at western Canada? Are policies working?24:00 Thoughts on U.S. relations and the trade war 25:45 Bob’s real estate outlook27:00 What’s happened to the entrepreneurial spirit? Why has Mainstreet not become a REIT?29:30 Why Bob has never sold one share of Mainstreet SponsorsFor 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 informationOver 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.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 Show intro02:30 How David Kassie became one of Canada’s most legendary deal makers04:50 What drives his entrepreneurial spirit? 07:15 The art of David Kassie’s deal11:00 Break11:40 What was David’s biggest win? The story behind Genuity15:25 What was it like during the 2008 financial crisis?17:00 The big problems with Canada’s funding environment22:50 Break23:20 How do you fight for space in the market?25:30 There is not enough capital in Canadian markets to support entrepreneurs27:30 What David has learned from his biggest mistakes31:30 How David knew the financial crisis was coming (hint: it involves Lehman Brothers)40:00 Why David thinks the next crisis could involve private credit43:05 David’s new fund at Outcome Metric Asset Management and why he’s so proud of it45:45 David’s view on what’s best for Canada’s future SponsorsFor 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 informationOver 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.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 Show intro01:05 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 Break11:50 What usually drives a downside for gold?14:00 Ross’s view on crypto and what it means for gold16:20 The relationship between gold and gold stocks18:50 Discussing gold companies and what’s coming for them22:20 Break22:45 M&A in the gold sector26:10 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 Equinox33:35 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 minerals44:20 Ross on renewable energy: Trump is the king of chaos50:00 Rapid fire questions SponsorsFor 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 informationOver 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.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 Show Intro02:10 Strain’s path to become the CEO of Sun Life04:10 Sun Life’s history and reach06:50 A lot of people don’t know Sun Life is an asset manager that’s bigger than Brookfield10:35 Break11:10 Understanding Sun Life’s asset management business16:30 Sun Life’s massive Asia business19:50 Break20:20 What about tariffs? 25:15 Are the conditions right for Canadian companies to invest?27:20 Strain on investing in alternatives like real estate29:25 Sun Life’s real estate exposure 36:30 The U.S. health insurance business42:00 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? SponsorsFor 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 informationOver 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.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews.

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.Timestamps00:00 Show Intro02:20 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 estate08:45 How does the private market inform investing in the public market10:00 Is the market turning? Signs of inflection11:00 There’s trouble in the condo market, and there’s more to come14:50 Missaghie talks about his push for the sale of InterRent20:00 M&A and opportunity in the sector22:20 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) SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 interv

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.Timestamps00:00 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 highs09:20 What about concentration risk in the Mag 711:30 Getting women more involved in investing 13:30 ITM Mailbag: Uranium & Cameco stock (CCO.TO16:30 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)SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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_5Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 financ

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.Timestamps00:00 Show Intro01:50 Why McCloskey runs towards trouble, that’s when you find cheap stocks02:50 How to separate value from value traps 04:10 You have to get the business right long-term06:15 How McCloskey became a value investor10:00 Understanding value investing through the lens of Constellation Software and Tesla12:50 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) SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 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 telcos16:20 Why does JF have oil stocks in the penalty box17:50 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 SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheM

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.Timestamps00:00 Show Intro01:30 The lingering effects of the pandemic: deficits and inflation03:10 Earl’s high-level view on inflation: it’s going higher08:15 Why Earl thinks the Fed will cut at least once this year, even though he thinks they shouldn’t10:15 How to position in this type of environment11:55 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 Japan20:40 What about Canada’s economy?23:15 Why growth in Canada could surprise to the upside this year26:30 Why the Fed and Bank of Canada will move their inflation targets higher27:30 Why Earl thinks the housing market is not a headwind but a tailwind for Canada29:40 What about immigration?30:45 Earl can’t remember ever being this optimistic32:15 Earl’s Pro Picks38:20 Goodbye & coming up SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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 [email protected] 📩 Don’t forget to subscribe and turn on notifications for more expert market insights!Timestamps00:00 Show intro with Executive Producer Jillian03:20 Amber welcomes Gordon Reid04:30 Gord thinks U.S. exceptionalism is evolving, but there’s a big opportunity in the U.S.05:30 Thoughts on the AI revolution08:00 How to balance tech exposure with everything else11:30 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 CDRs35:25 Uber stock (UBER)44:30 Gordon’s Pro Picks: U.S. Banks SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 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 SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/https://instagram.com/inthemoneypodhttps://twitter.com/inthemoneypodhttps://tiktok.com/@inthemoneypodhttps://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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 Show intro2:40 Why Bob Thompson thinks commodities will be the place to be for the next decade05:20 Why are we in a stealth commodity bull market?08:05 How to think bout being a commodity investor10:50 The companies you should consider investing in during a commodity bull market12:50 In order to get the macro picture right, you have to get the U.S. dollar call right16:00 History doesn’t repeat itself but it rhymes20:30 Crypto & gold 22:10 Why the TSX venture is poised to outperform 24:20 The AI trade as a commodity trade26:00 Risk and reward in commodities and investing31:00 ITM Mailbag: Why Bob likes gold, silver, copper and agriculture stocks36:30 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 SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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

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.Timestamps00:00 Show intro01:55 Sadiq Adatia’s investment approach03:40 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 equities07:30 Adatia’s view on rates08:30 Why Adatia is neutral on Canada now after being bearish11:00 Is there anything that can overcome FOMO in markets right now?12:45 Can long-term investors just ignore geopolitics?14:15 The inflation question16:30 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 SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 Show intro02:00 John Ewing’s investing style in small and mid-cap stocks 04:30 The evolution of John’s activist investing06:00 What John learned from his summer job as a prison guard08:00 John’s first activist campaign11:00 John’s thoughts on the outcome with Parkland16:00 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 REIT41:15 Why John stays away from names like goeasy42:40 Why John isn’t interested in a name like RedCat Holdings44:50 John’s Pro PicksSponsors​​This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 th

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.Timestamps00:00 Show intro03:20 JoAnne Feeney’s investing style 06:00 U.S. vs International stocks09:40 JoAnne thinks Powell is doing exactly what he’s doing12:50 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 stocks41:15 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 SponsorsThis episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews.

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.Timestamps00:00 Show Intro03:30 How Noah uses AI to choose dividend paying stocks05:10 Noah’s backstory10:15 Why Noah is focused on dividend paying Canadian stocks11:30 The main factors the algorithm screens to choose equities 16:55 Why the weighting of stocks in a portfolio matters so much19:55 Outcome Asset Management is beating the index by using AI (and with much less volatility)21:00 How Noah thinks about risk23:40 It’s very hard to time the market, so why do people try to do it?27:00 Volatility and emotions29:35 ITM Mailbag: Noah’s fund owns all of the Canadian banks, but the weighting in the portfolio is very low34:15 What about BCE? Does he own it since the company recently cut the dividend38:20 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 model43:35 Noah’s Pro Picks53:05 Goodbye & coming up SponsorsReady 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-JNBMO20For 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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

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.Timestamps00:00 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 SponsorsReady 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-JNBMO20For 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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: [email protected]#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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.Timestamps00:00 Show Intro08:15 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 Picks59:45 Goodbye & coming upSponsorsReady 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-JNBMO20For 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 informationLearn 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_ida&cid=inthemoney_podcast_fnd-en_CIGAMIntheMoneyPartnershipQ225Learn 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&cid=inthemoney_podcast_fnd-en_CIGAMIntheMoneyPartnershipQ225Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 re

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.Timestamps00:00 Show intro02:05 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 patch17:50 Cole’s take on Strathcona’s bid for MEG Energy22:25 Why Cole thinks commodities will beat stocks over the next 10 years25:40 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 Picks1:00:20 Goodbye & coming up SponsorsReady 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-JNBMO20For 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 wi

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.Timestamps00:00 Show Intro01:45 Ross Healy talks about his 60 years in the investment industry 03:00 Ross’s view on why markets are shaking off tariffs05:35 Why Ross thinks markets are too excited about artificial intelligence and its economics08:45 Why Ross is very concerned about U.S. stocks and specifically the Magnificent 7 stocks14:00 Why believes the solvency of the U.S. economy is a major problem and tells us why18:30 Why this time is like the dot com bubble and how Ross called the bottom20:35 Ross thinks the S&P 500 could drop more than 50%23:00 ITM Mailbag: Why Ross is very bullish on gold and precious metals27:00 Why Ross thinks there’s upside for the TSX because of the index’s weight in commodities29:00 Why Ross likes nat gas stocks30:26 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 & Rogers39:30 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 valuation52:30: Pro Picks1:05:40 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-JNBMO20For 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypodDISCLAIMERS 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 sourc

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.Timestamps01:55 Daniel’s investing style and why he thinks Canada is ripe with opportunities03:30 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 now12:45 Daniel on why distressed investing is still relevant16:15 Why you need to have a high risk appetite for this type of investing but there is the possibility of major upside20:10: Daniel on distress in large cap stocks23:00 How to spot the winners and losers and the risk of obsolescence28:40 Daniel on being opportunistic and why he picked up down and out SPACs32:00 Daniel’s Pro Picks SponsorsThis 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-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 invest

On this episode of In the Money with Amber Kanwar, Amber sits down with Josh Young, founder of Bison Interests, for a sharp, high-conviction conversation on the state of oil and gas investing. Based in Houston, Texas, Josh is a U.S. energy investor with a soft spot for Canadian oil and gas names. From small-cap bargains to activist shakeups, mergers, and Josh’s contrarian take on the oil cycle—this episode is a must-watch for investors looking to find value where others see risk.Josh fields mailbag questions on some of the most closely watched names in energy. He breaks down why Whitecap’s (WCP) U.S. listing debate matters, Strathcona’s bid for MEG Energy (SCR, MEG), and why Canadian Natural Resources (CNQ) could be a surprise buyer. He compares CNQ and Suncor (SU), weighing their capital discipline and reserve outlook, and also takes a question on Cenovus (CVE)—where he doesn’t rule out the potential for activist involvement given its underperformance. Josh also shares his thoughts on Baytex (BTE), SandRidge (SD), and more.In Pro Picks, Josh reveals he’s active in Journey Energy (JOY), which he believes holds major untapped value in conventional oil assets, power generation, and Duvernay shale. He sees Ensign Energy Services (ESI), which is backed by CNQ’s Murray Edwards and Prem Watsa’s Fairfax, as a misunderstood deep-value play, and he highlights Vital Energy (VTLE), a Permian name whose stock has been unfairly punished despite improved operations.Timestamps00:00 Show intro and why Josh has a soft spot for Canadian energy03:20 Why U.S. and Canadian valuations look similar right now04:45 How much risk tolerance do you need to be invested in this space?07:20 How much M&A does Josh expect in the sector?09:45 Is institutional money coming back into the space?11:50 What does Josh think about Mark Carney and what he means for the sector?13:40 Josh’s contrarian view on the oil price and why he thinks it’s going higher18:40 What about the Saudis and OPEC? Is this a price war?21:30 As an investor how does Josh think about Canada’s wildfires24:45 Josh’s approach to finding oil & gas companies 27:20 ITM Mailbag: Did Whitecap (WCP) talk about a U.S. listing when Josh met with them? And will the company cut its dividend?32:50 Josh’s view on Strathcona’s (SCR) bid for MEG Energy (MEG) and who might step in with a richer price39:00 Josh’s thoughts on a long-term price for Cenovus (CVE)40:15 Josh’s thoughts on Suncor (SU) vs. CNQ46:00 Will Baytex (BTE) ever recover?49:00 Does Josh still like Sandridge? (SD.NYSE)50:30 Josh’s Pro Picks SponsorsThis 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. wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20For 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. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 cont

Are U.S. stocks too expensive? Not necessarily, says Stan Wong. In this episode of In the Money with Amber Kanwar, he explains how the S&P 500’s valuation is skewed by tech, and why sectors like healthcare, industrials, and financials still offer compelling opportunities for selective investors.Stan and Amber break down the TSX’s recent surge, driven by gold and financials, and debate whether Canada’s market strength is here to stay. Despite the headlines, Stan remains overweight U.S. equities, citing broader market depth and stronger fundamentals heading into mid-2025. He also shares how he handles market dips, the sentiment indicators he watches, and why long-term fundamentals matter more than short-term swings.Answering viewer questions, Stan discusses names like Couche-Tard (ATD.TO), Uber (UBER), Shopify (SHOP), and United Health (UNH) — outlining where he’s invested, what he’s avoiding, and which stocks he’s recently sold. His stock selection strategy centers on companies with strong earnings growth and limited competition.Stan’s top picks might surprise you- all three are sitting near all-time highs, but Stan still sees room for meaningful gains ahead. They include, Dollarama (DOL.TO), a dominant Canadian retailer with strong private label margins and little competition; MercadoLibre (MELI), the fintech and e-commerce leader of Latin America; and Netflix (NFLX), where he sees upside in ad-supported tiers, international growth, and unmatched pricing power. Insightful and grounded, this episode is a must-watch for investors seeking clarity and conviction in today’s markets.Timestamps00:00 Show intro01:35 Amber speaks to Erin Allen of BMO Global Asset Management to discuss the ETF space05:25 Amber welcomes Stan Wong and asks if he’s ready to put tariff anxieties to bed07:00 What did Stan do during April’s volatility?08:45 Is the Canadian market more attractive to Stan or does he still favour the U.S.?10:30 How is Stan thinking about U.S. valuations?11:30 Stan’s view on the bond market14:15 Stan’s thoughts on Nvidia and why he holds it15:30 ITM Mailbag: Does Stan think Couche-Tard (ATB.TO) is a buy and hold?16:55 Stan’s thoughts on Brookfield Infrastructure Partners (BIP.A.TO)18:40 Does Stan like Shopify (SHOP.TO)?20:40 Why Stan sold Costco (COST.NASDAQ) recently 24:15 Stan’s thoughts on Uber (UBER.NYSE)27:25 What does Stan think about Canadian Tire (CTC.A.TO)?29:35 Why Stan sold United Health before its big drop (UNH.NYSE)?33:20 What does sports fan Stan think about the Raptor’s chances next year?34:20 Stan Wong’s Pro Picks SponsorsThis episode is sponsored by BMO InvestorLine. Open a new BMO InvestorLine account, and you could receive up to $3,500 cash back. It’s a great way to jumpstart your investment plan. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16For 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. 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.Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 f

Veteran investor Dennis Mitchell of Starlight Capital shares nearly 20 years of hard-earned insights into real estate investing—debunking myths, unpacking market fundamentals, and explaining why there is potential for serious upside in the REIT sector—if you have the discipline to wait.In this episode of In the Money with Amber Kanwar, Dennis lays out his investing playbook: focus on recurring cash flow, irreplaceable assets, low leverage, and owner-minded management. He doesn’t claim to be a genius—just someone with more data, a longer time horizon, and a process that keeps emotions out of decision-making.He also tackles Canada’s housing crisis with refreshing clarity. From immigration and supply shortages to municipal red tape and affordability myths, Dennis offers bold, actionable perspectives—and pushes for real government leadership and a national plan. As he says, “Nobody lives in a national house.”He answers your questions on Minto Apartment REIT (MI.UN), RioCan REIT (REI.UN), SmartCentres REIT (SRU.UN), InterRent REIT (IIP.UN) — which received a takeover bid the day of our release — and more — offering his honest assessments of their strengths, weaknesses, and where he’s putting his capital. He also shares his Pro Picks, the REITs he believes are best positioned today, including Killam Apartment REIT (KMP.UN) for its dominant position in Atlantic Canada and exposure to manufactured home communities, Chartwell Seniors Housing REIT (CSH.UN) for its post-pandemic growth in seniors housing, and VICI Properties (VICI), a U.S.-based REIT with triple-net leases, 100% occupancy, and built-in inflation protection.Whether you're an investor, policymaker, or just trying to understand the real estate landscape, this conversation is packed with substance, strategy, and real-world relevance.Timestamps00:00 Show intro 01:50 Why real estate in anything but boring 04:00 Why REITs look attractive right now - the three sources of return 05:25: Dennis’s real edge in real estate investing and why you should listen to him 07:00 Understanding the REIT sector and the rate environment10:00 Why isn’t there more M&A in the REIT space?12:50 Dennis’s refreshing thoughts on Canada’s housing problem and how he thinks we can solve it18:35 There’s no such thing as affordable housing25:10 ITM Mailbag: Dennis’s thoughts on Minto Apartment REIT (MI.UN-TSX)27:45 Is RioCan REIT (REI.UN-TSX) a buy for a long-term hold?31:10 Dennis’s view on Smartcentres REIT (SRU.UN-TSX) 34:20 Is Dream Industrial REIT (DIR.UN-TSX) a buy and hold?36:10 Dennis’s view on Northwest Healthcare Properties REIT (NWH.UN-TSX)39:50 What does Dennis think about Interrent REIT (IIP.UN-TSX)?43:45 Dennis’s Pro Picks SponsorsThis episode is sponsored by BMO InvestorLine. Learn how you can earn up to $3,500 cash back when you open a new account at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16For 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. 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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 affilia

In this episode of In the Money with Amber Kanwar, we explore the often-overlooked world of small cap investing with David Barr, CEO of PenderFund. A seasoned investor since 2009, David explains why he remains committed to the space despite its volatility—and why it could be a hidden opportunity for patient investors.He unpacks the regulatory and structural shifts that have drained capital from small caps, from tighter advisor rules to the rise of private equity, and explains how this has created a contrarian edge.David also answers viewer questions on Thinkific (THNC), DentalCorp (DNTL), MDA Space (MDA), and Tantalus Systems (GRID), breaking down how each fits into his investment framework and what the market may be missing.And of course, no episode would be complete without David’s Pro Picks — his top small cap stocks to watch right now. He spotlights Kraken Robotics (PNG), a company that went from treasure hunting tech to supplying sonar and underwater batteries for military and energy sectors; Dye & Durham (DND), a legal software firm caught in corporate drama but still generating serious free cash flow; and TerraVest (TVK), an under-the-radar industrial that’s grown into one of Canada’s best-performing stocks — and may still have room to double again.Whether you're a small cap believer or just looking for smart investing ideas off the beaten path, this episode is packed with insights and analysis.Timestamps00:00 Show intro01:50 Amber & David Barr discuss the challenging environment for small-caps03:25 What’s the secret sauce of small-cap investing?07:20 Why is the small-cap sector so starved?10:00 Is there opportunity because there are so few small-cap investors? Is volatility opportunity?12:30 Why David thinks small-cap investors have to understand the macro because it drives volatility13:25 ITM Mailbag: What is Thinkific (THNC) in five years? Is it a scalable platform or a niche software business?18:30 Will we see a round of IPOs? What’s in the pipeline?19:20 What is David’s point of view on Lumine Group (LMN-TSX.V)?21:45 What are David’s thoughts on Tantalus Systems (GRID-TSX)? 25:30 Does David traffic in quantum stocks?27:05 David’s thoughts on aerospace company MDA Space (MDA-TSX)29:10 Does David like dentalcorp (DNTL-TSX)?31:30 David’s thoughts on goeasy (GSY-TSX) 33:40 David’s Pro Picks44:30 Goodbye & coming up SponsorsThis episode is sponsored by BMO InvestorLine. Learn how you can earn up to $3,500 cash back when you open a new account at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16For 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. 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 informationLinkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@[email protected] 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. H