In the Money with Amber Kanwar

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

Market swings? Tariffs? Recession fears? Richard Fogler doesn’t flinch. In this episode of In the Money with Amber Kanwar, Amber sits down with the cool-headed CIO of Kingwest & Company to unpack his no-nonsense investing strategy: buy great businesses at a discount—and hold.Fogler breaks down what he looks for in a company: resilience, unrecognized potential, and a clear path to value being realized—even if it takes years. He reveals the stock he’s held since the 1998 (hint: it started with a pool-cleaning side hustle and turned into a real estate powerhouse), why he believes TD Bank’s U.S. growth story is far from over, and why he’s not concerned AI is a threat to Google’s search business. Plus, don’t miss his latest Pro Picks: why Brookfield still looks undervalued, why Uber is just getting started, and how SmartCentres REIT is quietly unlocking big value through real estate development.Whether it's finding overlooked gems buried in plain sight or explaining why macro noise is mostly just that—noise—Fogler shares decades of experience in how to tune out the chaos and stay focused on fundamentals.Timestamps00:00 show intro03:10 Richard Fogler’s cool approach to investing05:40 What does it take to get into Richard’s portfolio?07:50 Fogler’s 50/50 approach to investing in the U.S. and Canada08:50 Why Richard doesn’t attempt to forecast11:00 How Richard chooses stocks as a value investor17:30 ITM Mailbag: Does Google (GOOG) have what it takes to compete in AI or will the search business be crushed?23:00 Richard’s thoughts on Canadian banks and TD after its money laundering scandal29:20 Richard’s thoughts on mining giants BHP & Rio Tinto (RIO)36:15 Why Richard thinks Walmart (WMT) is a great company but doesn’t own it 39:55 Richard on Costco (COST) vs. Amazon (AMZN)43:50 Richard Fogler’s Pro Picks Sponsors​This 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 https://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 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 #Fin

In this episode of In the Money with Amber Kanwar, Amber sits down with Brent Joyce, Chief Investment Strategist and Managing Director at BMO Private Investment Counsel, who oversees $50 billion in assets. They unpack the recent market volatility, driven largely by tariffs, and explore what investors need to know in a rapidly shifting macro landscape.Brent explains why sharp market corrections—like a 10% drop—are not only normal but the “price of admission” for equity investors. He draws insightful comparisons between today’s environment and past crises, making the case that what we’re experiencing now has more in common with COVID than with the dot-com bubble or the 2008 financial crisis. Rather than calling it American exceptionalism, Brent argues that it’s global business success simply headquartered in the U.S., and why that distinction matters.He also makes a strong case for Canadian equities, pointing to their global reach, attractive valuations, and solid dividends—arguing that Canada may be one of the most overlooked markets right now. On the fixed income side, Brent breaks down why bonds are still an essential part of a balanced portfolio, and he points out why the European market is one to watch but not get too carried away. Ultimately, Brent urges a defensive but steady approach: stay invested, stay diversified, and don’t let the noise knock you off course. If you want clarity, strategy, and perspective on where the markets might go next, this episode delivers.Timestamps00:00 Show intro01:20 Amber welcomes Brent Joyce 02:20 How did Brent know the market would rebound? 03:30 Why this time is more like the covid crash than the dot-com bubble or GFC 07:00 Why Brent believes in global exceptionalism not American exceptionalism09:00 Why Brent is still bullish on the U.S. market10:50 Is a recession on the horizon?13:15 Break: Amber speaks to the CEO of Raymond James Canada about how the company is helping clients navigate volatility and change15:35 Brent’s inflation expectations17:30 Is the Fed behind the curve?18:30 How will the trade war impact the Canadian economy?19:50 Pro Picks33:30 ETF Minute: CI’s new Solana ETFSponsors​This 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 https://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 information.ETF Minute is brought to you by CI Global Asset Management. Find out more about the new CI Galaxy Solana ETF here: https://funds.cifinancial.com/en/funds/alternative_investments/CIGalaxySolanaETF.html?currencySelector=1&seriesId=47440?cid=inthemoney_podcast_052025-en_CIGAMGalaxySolanaETF2025 = And learn more about CI’s digital assets here: https://www.cifinancial.com/ci-gam/ca/en/investment-solutions/cryptocurrency.html?cid=inthemoney_podcast_052025-en_CIGAMGalaxySolanaETF2025Linkshttps://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 BMO Private Wealth is a brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO Private Investment Counsel Inc., in providing private wealth management products and services. Not all products and services are offered by all legal entities within BMO Private Wealth. BMO InvestorLine Inc. is a wholly-owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization. “BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence. The content of this presentation is for informational purposes only and does not constitute financial investment, legal, tax, accounting, or other professional advice and should not be relied upon in that regard. The views expressed by the host and guest are their own, are subject to change without notice and do not necessarily reflect the opinions of any organization o

In this episode of In the Money with Amber Kanwar top tech investor Dan Niles warns that the market could drop as much as 50%, just like during the dot-com bust and the global financial crisis. He unpacks the major risks that investors aren’t paying enough attention to like AI over exuberance and demand being pulled forward as a result of Trump’s trade war, while drawing parallels to some of the worst market crashes in history. Dan explains why his highest conviction idea right now is cash despite the AI hype, and why some of today’s biggest tech names — like Apple, Google, and Palantir — may be far more vulnerable than most investors realize. He stresses his concern over inflated valuations, making the point that “just because a stock is popular doesn’t mean it’s safe".One area Dan is optimistic about: networking infrastructure. He names Cisco as one of his most intriguing picks, arguing it's a forgotten name that could benefit as AI shifts from a build-out phase to a data movement phase. With a low valuation, solid fundamentals, and potential for a re-rating, Cisco — along with cash, Microsoft, and (cautiously) Nvidia — rounds out his list of favoured plays in a market he still views as overvalued and vulnerable. Whether you’re a long-term investor or a market watcher trying to make sense of the rally, this is an essential deep dive from one of Wall Street’s most seasoned voices.Timestamps00:00 Show Intro3:40 Why Dan Niles is bearish right now and why cash is his highest conviction idea 07:40 What would it take for Dan to come back to the market and get out of cash? 09:35 Why Dan thinks a 50% drop in stocks is on the table11:30 Why this time can be compared to the dot-com bust17:33 Taking a look at the AARK Innovation Fund19:15 But could this time be different? 24:25 ITM Mailbag: Dan’s thoughts on Palantir (PLTR) and its sky-high valuation 27:40 Dan’s view on Shopify vs. Amazon (SHOP, AMZN)34:15 Is Reddit a buy, sell or hold? (RDDT)35:35: Break: Amber speaks to the CEO of Raymond James Canada about how the company is helping clients navigate volatility and change38:15 Why Dan thinks Google will be a market share loser because of AI42:50 How does Dan see the Robotaxi battle playing out?44:50 Where does Apple fit in?47:00 Pro Picks: Why he likes cash the best but suggests some other stocks (CSCO, MSFT, NVDA) 56:00 Goodbye & coming up Sponsors​This 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 https://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 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

In this episode of In the Money with Amber Kanwar, Amber sits down with Mike Vinokur of Propellus Wealth Partners which is part of iA Private Wealth, who’s taking a rare and defensive stance: holding a staggering 37% of his equity portfolio in cash. In a world where investors chase returns and FOMO dominates market behaviour, why is this seasoned money manager pumping the brakes?Mike unpacks the strategy behind his cash-heavy position, citing market froth, valuation risks, and a fundamental belief that cash is no longer "trash"—especially when it earns over 4% risk-free. From U.S. exceptionalism to Canadian real estate risk, and from tech euphoria to the dangers lurking in private equity, this episode offers a wide-ranging, no-nonsense look at where things stand—and where they might be headed.He answers questions straight from the mailbag and doesn’t hold back on what he thinks could derail—or reignite—markets in 2025. The pair discuss names like Brookfield, Fairfax Financial, Cummins and Uber. They also talk about BCE’s hot-button dividend and the high-stakes drama at Parkland where Mike is a shareholder. Plus, Mike shares his top “Pro Picks”: Alphabet, Air Lease, and Lincoln National—three stocks he believes offer real long-term upside in a challenging market.Whether you're a cautious investor or a risk-on trader, this episode delivers the kind of insight that could make or save you money.Timestamps00:00 Show Intro02:45 Amber welcomes Mike Vinokur and finds out why he’s sitting on a pile of cash right now06:30 History tells us that valuations matter08:45 Did Mike buy recent dips?11:30 Why Mike isn’t convinced this is the end of U.S. exceptionalism13:30 Why Mike thinks Canada is going into a recession15:40 Will a slowdown in real estate impact the stock market?17:30 Where are we in the economic/market cycle?19:45 ITM Mailbag: How does Mike feel about the Brookfield web of companies? (BN.TO, BAM.TO)23:35 Mike’s thoughts on Fairfax Financial? (FFH.TO)25:30 What is Mike’s take on engine-maker Cummins? (CMI.NYSE)27:25: Break: Amber speaks to Raymond James Canada CEO Jamie Coulter about navigating volatile U.S.-Canada ties29:55 Why Mike likes Uber, but there may be headwinds with the stock (UBER.NYSE)34:00 Mike’s thoughts on BCE’s dividend (BCE.TO)37:50 Mike’s view on Financial 15 Split-Corp (FTN.TO)41:04 Mike’s thoughts on the Parkland drama as a shareholder (PKI.TO)44:20 Mike’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 for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with re

Are you making these critical mistakes in your portfolio? In this episode of In the Money with Amber Kanwar, renowned investor and author Meb Faber breaks down what most investors get wrong—and what to do instead.Meb dives deep into the three investing pillars he believes will define the next era: global diversification, value investing, and trend following. He explains why most investors are overly concentrated in their home countries and why sticking to U.S. stocks may no longer be the smartest move—highlighting markets like Poland, Japan, and the UK.He also unpacks the power of shareholder yield—a blend of dividends and buybacks—and reveals why investors overlook this metric at their own risk. Learn how Meb uses it to find underpriced companies flush with cash.Plus, with news that Warren Buffett will step down from Berkshire Hathaway at the end of the year, Meb refers to the legendary investor as “the GOAT” and uses his example to underscore how portfolio strategies—even from the greats—can appear simple on the surface, but often require a deeper understanding to replicate responsibly.In the Pro Picks segment, Meb tells us where he’s investing his own money right now, offering three of Cambria’s ETFs as top suggestions to end a fascinating interview: SYLD, GVAL and TRTY.Whether you're rethinking your global exposure, questioning the 60/40 model, or simply trying to invest smarter in uncertain times—this episode is a must-watch.Timestamps00:00 Show Intro01:20 How to trade with BMO InvestorLine03:15 Meb Faber’s origin story08:00 Meb on AI, big ideas and what’s coming next09:40 Meb’s approach to value investing12:45 How to construct a portfolio for long-term gains: Why diversification is key 16:00 A big problem for investors is ‘home country bias’17:15 Why trend following is key to portfolio construction, why investors need to be asset class agnostic and why market timing is actually possible23:10 Meb on Warren Buffett and what he taught us about investing27:50 Meb on Buffett’s strategy30:00 What Meb thinks about tariffs and why they aren’t the reason for the change in global flows36:10 Meb’s view on U.S. innovation and the future39:40 Break: Amber speaks to Raymond James Canada CEO Jamie Coulter about navigating volatile U.S.-Canada ties42:00 ITM Mailbag: Meb elaborates on the concept of a shareholder yield approach44:30 Meb’s views on the benefits of share buybacks to individual shareholders as opposed to institutional shareholders46:50 How Meb thinks about when to sell an investment 50:15 Meb’s Pro Picks1:03:50 Goodbye & coming upSponsorsThis 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 responsibi

In this special episode, we unpack what a Mark Carney-led Liberal minority means for Canadian investors — from markets and monetary policy to energy and geopolitical strategy.First, Frances Horodelski kicks off with a sharp overview of how the political shift is landing with Bay Street and what the new government signals for confidence and capital markets.Then, Jim Thorne of Wellington-Altus dives deep into the global economic context — including structural shifts, U.S. relations, and Canada's place in a rapidly changing world. He explores what investors should watch for in policy, growth sectors, and geopolitical risk.Finally, oil and gas investor Eric Nuttall doesn’t hold back. He shares his unfiltered views on the energy sector under Carney, the fading relevance of net-zero rhetoric, and why Canadian resource stocks could thrive — or suffer — depending on what happens next in Ottawa.Whether you're managing your portfolio or just trying to make sense of the headlines, this episode delivers key insights you won't want to miss. Subscribe for more sharp takes on markets, politics, and your money.Timestamps00:00 Show Intro 02:00 Amber welcomes Frances Horodelski 05:50 What does Mark Carney mean for U.S.-Canada relations 07:50 Why does Frances likes the Canadian market right now + her expectations for the Loonie 11:20 Why Frances doesn’t have conviction right now and what is the turning point? 16:05 Break: Amber speaks to the CEO of Raymond James Canada about the company’s deep Canadian roots 17:50 Amber welcomes Jim Thorne and he tells us why he believes Mark Carney is the right guy for the job, but liberal policies have to change 21:30 Can Canada become a hard power in energy and natural resources? 23:00 How is Jim viewing U.S.-Canada relations as someone who has spent a number of years working in the U.S. 26:00 What does a change in the global world order and U.S.-Canada ties look like 5 years from now? 31:30 Jim’s thoughts on what Prime Minister Carney might be willing to give up to President Trump 33:30 Jim’s thoughts on Canadian & U.S. banks 39:20 Did Jim’s investing view change on the back of the election? 42:15 Amber welcomes energy investor Eric Nuttall and asks how he’s feeling about the election outcome 44:00 Why so much in the energy space is to be determined 46:30 How will Nuttall’s concern about Mark Carney show up in his investments 49:10 Why Eric is still bullish on energy, specifically natural gas, but reducing oil exposure 55:10 Eric’s thoughts on Trump’s ‘drill baby drill’ 57:00 What happens with production in Canada? 58:35 What does the risk of an emissions cap mean for energy stocks? 1:00:00 What does Eric think about highly recommended stock Canadian Natural Resources (CNQ.TO)? 1:02:10 Eric’s Past Picks and new Pro Picks Sponsors​​This 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 https://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. 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 guara

How does one of Bay Street’s top fund managers consistently deliver 15% annualized returns while navigating controversy and volatility? In this episode of In the Money with Amber Kanwar, Moez Kassam, Chief Investment Officer & Founder of Anson Funds, shares the secrets behind his success—from finding catalysts in overlooked markets to using activism to unlock value.Moez breaks down why he avoids passive investing, how multi-strategy flexibility gives him an edge, and why the best opportunities often hide where others fear to look. He also discusses how Anson balances shorts, longs, and real estate activism, and why sentiment shifts like today's fear-driven markets could be a bullish signal.In the mailbag, Moez shares candid views on Tesla (TSLA), crypto, uranium, and the quantum computing hype. Then, in the Pro Picks segment, he reveals three high-conviction investment ideas—Gildan (GIL), Vistry Group (VTY.L), and InterRent REIT (IIP.UN)—and confirms publicly for the first time that Anson is the largest shareholder of InterRent REIT, outlining the real-world activism playbook that could unlock massive upside.If you’re an investor seeking edge in an uncertain market, you don’t want to miss this grounded, real-talk masterclass.Timestamps00:00 Show Intro 01:45 Moez discusses his investment style and how he became one of Canada’s top fund managers 05:20 FOMO and understanding the risks involved with short selling06:20 How lessons learned as a teenager inform Moez’s investment decisions today08:40 Why is there a negative association with shorting stocks?10:00 Moez addresses market manipulation accusations 14:50 Where is Moez finding opportunities right now?16:30 If all companies have problems, how does Moez decide if a problem is big enough to warrant a short? 18:20 Anson’s move into activist investing 22:05 More on Anson’s multi-strategy approach and how real estate fits in25:10 Moez on macro, tariffs and potential opportunities 28:40 Moez on the Canadian election and economy 32:00 Moez on philanthropy and giving back 34:05 What will Anson be up to 5 years from now?35:30 Break: Raymond James Canada CEO on the company’s deep roots in Canada37:15 ITM Mailbag: Is Tesla a buy at these depressed prices?38:20 Moez’s view on crypto and bitcoin39:20 Moez’s take on quantum computing40:40 Moez’s view on uranium and Cameco41:20 Moez’s Pro Picks 52:50 Moez’s favourite restaurant right now53:35 Goodbye & coming up Sponsors​​This 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. 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 b

Are Canadian stocks finally having their moment? In this episode of In the Money with Amber Kanwar, Garey Aitken, Head of Canadian Equities at Franklin Templeton’s ClearBridge Investments, breaks down the "sell America, buy Canada" trend, explains why the U.S. is losing some of its exceptionalism, and gives his take on whether this shift is short-lived or part of a longer-term rebalancing in global markets.Garey shares 8 Canadian stocks he believes have a clear edge right now—from blue-chip dividend names to contrarian energy picks and growth stocks flying under the radar. He offers candid takes on valuation, proxy battles, strategic reviews, and where he's deploying capital now. If you're after resilience, income, or upside, there's something in here for every kind of investor. Plus, with a federal election looming, what impact could the outcome have on Canadian energy policy and investor sentiment? Garey weighs in on how much political risk he's factoring in and what to watch for in the days ahead.Whether you're a long-term investor, dividend chaser, or market skeptic—this episode is packed with expert insight.Timestamps00:00 Show Intro 01:40 Garey Aitken’s approach to investing and why Canada is outperforming the U.S. 03:50 Is this the beginning of Canadian exceptionalism?07:45 Reasons Canadian stocks have an edge right now11:00 Uncertainty facing the Canadian economy and what the federal election means 16:15 ITM Mailbag: Does Garey like Dollarama (DOL.TO) at these levels?18:50 What does Garey think about Parkland’s (PKI.TO) proxy battle and what does it mean for the stock? 24:55 What does Garey think about Couche-Tard in 2025? (ATD.TO) 33:20 Does Garey like Capital Power (CPX.TO) at these levels? 36:20 Is Constellation Software insulated from tariffs and what does Garey think about the valuation?40:15 Garey’s Pro Picks Sponsors​​This 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. 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

Markets are swinging wildly, but are investors overreacting? In this episode of In the Money with Amber Kanwar, seasoned portfolio manager Liz Miller of Summit Place Financial Advisors shares how she’s navigating market uncertainty—from surging tariffs and Fed drama to stock-specific opportunities.Liz explains why corporate earnings are murky, why the Fed’s influence may be fading, and how tariff unpredictability and U.S. dollar volatility are forcing investors to rethink risk. She also unpacks why she’s favouring U.S.-centric companies and building cash, even while nipping at beaten-down names.In the mailbag, Liz breaks down whether fully valued names like Netflix (NFLX), Google (GOOGL), and Costco (COST) are still worth buying—and why she’s more bullish on under-the-radar opportunities like Disney (DIS), BlackRock (BLK), and even Sweetgreen (SG). Plus, why she avoids gold miners and prefers gold ETFs for safer exposure.Then, in her Pro Picks segment, Liz shares 3 stocks she’s adding in this turbulent environment: Evercore (EVR), GE Healthcare (GEHC) and Carlisle Companies (CSL)Whether you’re managing retirement risk, debating tech valuations, or wondering how to play inflation and tariffs, this episode is packed with grounded, long-term investing insight.Timestamps00:00 Show intro01:35 How Liz is approaching this volatile time in markets 03:20 How to dissect earnings this season when things are so uncertain05:20 We need clarity on tariffs in order to be able to assess stocks07:20 Why Liz just bought several positions during the recent down days, is holding cash and is reorienting towards domestic names 11:05 Trump, Jerome Powell and issues with the Fed’s credibility15:20 ITM Mailbag: Would Liz buy Netflix (NFLX-Nasdaq) at these levels? 18:30 What is Liz’s view on Google (GOOG.Nasdaq) for the next 3 years? 23:30 Is Costco (COST.Nasdaq) a solid recession hedge?27:45 Does Liz still like Sweetgreen here (SG.NYSE)? 31:40 Why Liz likes owning gold through ETFs35:50 Liz’s take on Berkshire Hathaway (BRK.B.NYSE) vs BlackRock (BLK.NYSE)40:00 Liz’s Pro Picks50:00 Goodbye & coming up Sponsors​​This 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 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 trend

When markets are in turmoil, investors traditionally flock to healthcare for stability — but what happens when healthcare itself is a flashpoint for volatility? In this episode of In the Money with Amber Kanwar Robert Moffat of Middlefield joins to unpack the biggest headwinds facing the sector right now.From the controversial appointment of RFK Jr. to looming drug tariffs, Rob dives deep into the policy and market forces disrupting pharma, medtech, and healthcare services. He shares why he's staying defensive, what names he's avoiding (sorry, Pfizer holders), and where he's seeing opportunities amid the chaos. In a volatile healthcare market, Rob explains why he’s particularly positive on GLP-1 weight loss and diabetes medications which he says are reshaping the future of healthcare. He tells us why Eli Lilly, which makes Mounjaro and Zepbound, is his top holding and why he prefers it over Ozempic maker Novo Nordisk. He also suggests other names he likes right now including Abbott Laboratories and McKesson, which he says is the ultimate defensive safe haven company in healthcare.Timestamps00:00 Show Intro01:40 Rob’s approach to volatility in healthcare 03:10 RFK Jr. and his impact on the healthcare sector06:50 The headwind from tariffs13:00 Why Rob thinks M&A in the pharma space is definitely coming 14:50 ITM Mailbag: Rob’s outlook on Pfizer (PFE.NYSE)18:35 Rob’s thoughts on UnitedHealth Group (UNH.NYSE)22:00 Why Rob thinks CVS (CVS.NYSE) is one of the biggest ‘show me’ stories in healthcare 27:35 Rob’s thoughts on Medtronic (MDT.NYSE) and its dividend 30:35 Rob’s outlook on Stryker (SYK.NYSE)33:15 Rob’s view of Johnson & Johnson (JNJ-NYSE) in light of tariffs35:30 Rob’s Pro Picks 47:30 Goodbye & coming up Sponsors​​This episode is sponsored by BMO InvestorLine. Learn more at https://bmo.com/advancedtradingFor 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 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 market may be laser-focused on Donald Trump’s trade war but James Davolos of Horizon Kinetics says tariffs or not, the tide is turning — and savvy investors should be paying attention. In this wide-ranging conversation, Davolos breaks down why we're leaving behind the "golden era" of ultra-low interest rates, globalization, and free capital, and entering a new investing regime marked by inflation, deglobalization, and resource scarcity. Davolos, who the WSJ named the best fund manager of 2022, outlines how to position your portfolio for long-term resilience, with a focus on capital-light businesses tied to real assets — think infrastructure, energy, and gold — but without the usual baggage of cyclicality and capex-heavy models. He explains his unique approach and offers specific stocks that fit into his model, including his top 3 stock picks focused on water as real asset, exchanges as financial infrastructure and royalty companies as resource winners. Timestamps 00:00 Show intro 02:30 James Davolos explains his unique approach to investing 08:00 Why does James think we're in the midst of a major regime shift13:05 Why James isn’t even paying attention to tariffs15:15 Why James likes real assets and how he finds the best ones21:00 Why James believes the U.S. is headed towards stagflation and his view on rates23:05 James’s view on gold25:45 Are we seeing the end to U.S. exceptionalism in stocks?28:00 ITM Mailbag: Will volatility be good for exchanges like the Intercontinental Exchange (ICE.NYSE)33:10 Is Brookfield a stock that can help weather the current storm? (BN.TO, BN.NYSE) 40:00 James’s expectations for gold and why he likes royalty streaming companies44:45 James’s thoughts on bitcoin and the best way to play it51:00 What does James think about Enbridge (ENB.TO)57:15 Why James likes Dream Unlimited (DRM.TO)1:01:30 James’s Pro Picks1:13:40 Goodbye & coming up Sponsors​​This episode is sponsored by BMO InvestorLine. Alright, In The Money listeners, you're constantly analyzing charts, spotting trends, and making calculated moves. That's where BMO InvestorLine comes in. Learn more at https:// bmo.com/advancedtrading?ecid=pr-2886232INV1-JNBMO17For over 25 years, Raymond James has been helping Canadians achieve their financial goals. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. 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 e

In just one week, we went from the edge of a global trade war to a 90-day truce—and the markets are feeling every twist and turn. One post on Truth Social was all it took for Donald Trump to send the Dow soaring nearly 3,000 points in its biggest rally since 2008... while simultaneously tightening tariffs on China. Chaos? Absolutely. End in sight? Not even close.On today’s show, Amber brings in two powerhouse guests to help make sense of the madness:Frances Horodelski, veteran investor, shares why the financial system isn’t about to break—and why she’s still optimistic despite the volatility.Darcy Morris of Ewing Morris & Co. Investment Partners breaks down how activist investors can find opportunity in uncertainty, revealing his current top plays and value strategies.Whether you’re an investor, a market watcher, or just trying to understand what the heck is going on—this episode is a must-watch. Subscribe now and don’t miss the insights that could change your portfolio.Timestamps 00:00 Show Intro 03:50 Amber & Frances chat about the chaos in fixed income markets06:50 How to approach the turmoil as an investor12:00 Why Frances thinks this feels more like covid rather than 200814:00 U.S. vs. China: Who will blink first?20:00 Amber welcomes Darcy Morris22:00 Is there panic out there on the client side?24:00 Why activist investing creates opportunity even during tough times25:00 Darcy’s approach to activist investing and long-term value creation27:40 How Darcy finds activist opportunities 31:50 Why Darcy isn’t afraid to ruffle feathers in corporate Canada 34:25 Darcy offers a clear example of his successful activism39:25 Darcy’s Pro Picks 54:30 ETF Minute: CI Global Infrastructure Private Pool ETF58:55 Coming up SponsorsThis episode is sponsored by BMO InvestorLine. If you’re an experienced trader, BMO Active Trader is the platform for you. Learn more at https://bmo.com/advancedtrading?ecid=pr-2886232INV1-JNBMO17For 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 informationETF Minute is brought to you by CI Global Asset Management. Find out more about CI’s ETF offerings here: https://www.cifinancial.com/ci-gam/ca/en/investment-solutions/exchange-traded-funds.html, and about the CI Global Infrastructure Private Pool ETF hereLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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.

Markets are in meltdown mode — but Waratah Capital’s Jeannine LiChong says this isn’t the bottom. In this episode of In the Money with Amber Kanwar, veteran fund manager Jeannine shares her strategy for navigating extreme market volatility, tariff uncertainty, and looming recession risks.With experience managing money through the 2008 financial crisis and the COVID market crash, Jeannine explains why she’s holding cash, staying cautious, and waiting for clarity before buying the dip. She weighs in on U.S. tariffs, policy instability, central bank cuts, and structural shifts in the global economy — and how all of this is impacting investor psychology and portfolio positioning.We also go deep into Pro Picks — Jeannine reveals 3 recession-resistant stocks she’s confident in right now:Dollarama (DOL.TO) — a cash-generative retailer benefiting from consumer trade-down and international growth.Intact Financial (IFC.TO) — a defensive financial stock with pricing power and strong cost control.Loblaw (L.TO) — a grocery giant leveraging its No Frills brand and food inflation to grow earnings.Plus, Jeannine shares her take on Canadian banks, Telus, Capital Power, Canadian Tire, CN Rail, CP Rail, and TFI International — all under the lens of slowing GDP growth, and evolving trade policy.If you're looking to protect your portfolio, ride out the market chaos, and uncover long-term opportunities in a downturn, this episode is a must-watch.Timestamps 00:00: Intro01:40 How Jeannine handles the noise as a long-term investor 03:40 Why this time is different than the financial crisis or covid downturn and why there could eventually be opportunities07:00 Why Jeannine thinks we won’t see a bottom until markets get clarity on tariffs 08:55 Why Jeannine likes Canadian equities but has confidence in the U.S. economy10:10: Why Jeannine thinks there’s a chance of a U.S. recession and why she think tariffs are an opportunity for Canada 13:00 What is Donald Trump’s end goal? 14:15 ITM Mailbag: Why Royal Bank (RY.TO) is Jeannine’s top Canadian bank17:20 Amid a slowdown in the Canadian economy what are Jeannine’s thoughts on Canadian Tire (CTC.TO)? 19:35 Does Jeannine like Canadian rail stocks? Is she concerned about the impact of tariffs on the rail sector? (CNR.TO, CP.TO)22:45 Jeannine’s thoughts on Telus as a long-term hold (T.TO)25:20 Capital Power (CPX.TO) had an incredible run up then a hot equity raise and then straight down. Why?28:00 What are Jeannine’s thoughts on TFI International (TFII.TO)?30:20 Jeannine’s Pro Picks SponsorsThis episode is sponsored by BMO InvestorLine. If you’re an experienced trader, BMO Active Trader is the platform for you. With advanced tools and capabilities like multi-leg options, screeners, and strategy builders with margin trades, you’ll have everything you need to take your trading to the next level, giving you the edge you need in today’s markets. Learn more at bmo.com/advancedtrading?ecid=pr-2886232INV1-JNBMO17For 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 informationLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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

The world is undergoing a seismic shift, and according to Daniel Dreyfus, Chief Investment Officer at Bornite Capital, we are in the midst of a major regime change that will redefine economies, industries, and financial markets. In this conversation, Dan explains why a new era of tariffs will be massively inflationary and why buying infrastructure and critical commodities will be the best way to protect your money. He says commodities are set to benefit, and suggests the price of gold could go as high as $4000 per ounce. Dan explains how investors can position themselves before the market fully adjusts to this fundamental transformation and offers specific stocks to buy in order to get ahead, including names like Cheniere Energy, Talen Energy and Ivanhoe Mines. This isn’t just another market cycle—this is a massive structural change. Don’t miss out on the opportunity to find out how you can profit. Timestamps 00:00 Show intro 02:45 Dan on starting his fund in 202005:15 Dan says we’re entering a massive global regime change of tariffs and austerity and explains what can protect your money11:15 Dan says gold could hit $400016:50 Why Dan views gold as a currency not a commodity- and why he thinks it’s the best one 19:45 ITM Mailbag: Does it make sense to buy, sell or hold South Bow Corp (SOBO.TO)?29:00 What is holding Barrick Gold (ABX.TO) back?36:15 Dan’s favourite gold stock (SKE.TO)40:25 Dan’s thoughts on copper and does he like Teck Resources (TECK.B.TO)46:30 Why Dan likes GFL Environmental (GFL.TO)51:55 Dan’s Pro Picks SponsorsThis episode is sponsored by BMO InvestorLine. If you’re a “Do It Yourself" investor, BMO InvestorLine Self-Directed is the perfect platform for you. With powerful tools and commission-free trading on over 100 ETFs, you’ll have everything you need to take control of your investments and build a portfolio that’s right for you. Learn more at https://bmo.com/InvestorLine?ecid=pr-2886232INV1-JNBMO14For 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 information.LinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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.

Donald Trump’s trade war has investors on edge, but could this market sell-off be a golden opportunity? Dan Rohinton, VP & Portfolio Manager at iA Global Asset Management, breaks down why now is the time to step back, block out the noise, and buy into world-class companies at a discount. He’s a proud Canadian but says never count out the U.S. and tells us why some of the best investment opportunities—like Microsoft, Google, Amazon, and Nvidia—are hiding in plain sight. If you want to know how you can profit from the trade war, don’t miss these expert insights on what Dan says are once in a generation buying opportunities! Timestamps 0:00 Intro1:30 How to approach ‘Liberation Day’, and what Trump’s tariffs mean for long-term investing5:10 Why this is a good time to buy up some of the best companies in the world8:50 Why Dan thinks the Canadian rail stocks are interesting9:30 Dan’s thoughts on the Canadian election and what it means for markets12:00 Why Dan says ‘never count out America’, why he’s constructive on Europe, and why he’s chasing China at 0%16:00 ITM Mailbag: Why Dan would by CN Rail (CNR.TO) at these levels19:10 Does Dan like Sun Life Financial (SLF.TO) or Manulife Financial (MFC.TO) better?22:15 Why Royal Bank (RY.TO) is Dan’s favourite Canadian bank26:00 Dan’s thoughts on REITs28:15 Why CNQ is Dan’s favourite Canadian oil stock29:50 Why Dan would buy LVMH at these levels after a major drop (MC.EPA)33:55 Would Dan buy Constellation Brands (STZ.NYSE) here?37:45 Broadcom (AVGO.NASDAQ) vs Nvidia (NVDA.NASDAQ)40:00 Dan’s Pro Picks51:50 Goodbye & coming up SponsorsThis episode is sponsored by BMO InvestorLine. If you’re a “Do It Yourself" investor, BMO InvestorLine Self-Directed is the perfect platform for you. With powerful tools and commission-free trading on over 100 ETFs, you’ll have everything you need to take control of your investments and build a portfolio that’s right for you. Learn more at bmo.com/InvestorLine?ecid=pr-2886232INV1-JNBMO14For 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. LinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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.

Small-cap stocks may be off to a rough start in 2025, but last year they helped Jordan Zinberg, President & CEO of Bedford Park Capital, deliver a remarkable 60% return. Known for his disciplined approach to stock picking and long-term investing, Zinberg is willing to take on short-term downside risk for the potential of outsized gains. In this episode of In the Money with Amber Kanwar, we dive into Jordan’s strategy for investing in high-quality Canadian small-cap and mid-cap stocks. He explains why he avoids traditional sectors like banks and resources, and instead focuses on under-the-radar, fundamentals-driven companies trading at attractive valuations. We explore how he builds a concentrated portfolio of high-conviction stock ideas, the criteria he uses to evaluate businesses and Jordan also shares several of his top Canadian stock picks for 2025. If you're looking to learn how to invest in Canadian small-cap stocks and build long-term wealth, this episode is packed with insights you won’t want to miss.Timestamps00:00 Intro02:15 Jordan’s approach to small-cap investing 04:50 Jordan’s fund returned 60% last year, how’s it doing this year?07:10 How does Jordan feel about the lack of IPOs in Canada?08:10 In the Money Mailbag: Jordan’s thoughts on goeasy (GSY.TO) and the company’s new CEO15:30 What’s Jordan’s long-term outlook on McCoy Global? (MCB.TO)19:45 Investors have lost big on Payfare (PAY.TO). What does Jordan think of the stock now?26:25 Would Jordan recommend Zedcor at current levels? (ZDC.TO-V)30:25 What are Jordan’s thoughts on Avante which just hired a Zedcor sales leader (XX.TO-V)32:00 What are Jordan’s thoughts on Ag Growth International? (AFN.TO)33:15 What does Jordan think about pipeline construction firm Enterprise Group? (E.TO)39:10 Jordan’s Pro Picks SponsorsThis episode is brought to you by BMO InvestorLine. We often discuss various stock ideas and market trends on this show. If you’re looking to explore those ideas further, BMO InvestorLine is an excellent resource. Their platform provides in-depth research, powerful tools, and commission-free trading on over 100 popular ETFs. Plus, you’ll find the BMO Investment Learning Centre with educational courses and videos empowering you to make informed decisions. Remember, always do your own research before investing. 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. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more information. LinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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.

Stocks may be falling but Rebecca Teltscher, portfolio manager at Newhaven Asset Management’s portfolio is up, proving that her long-term, fundamentals driven approach is working. Rather than chasing short-term trends, she focuses on defensive investments—companies that provide critical infrastructure and offer long-term stability by prioritizing dividends. She says Donald Trump’s trade war means stagflation is a huge risk but notes the sectors she invests in are attractive regardless of an economic slowdown or rise in inflation. She tells In the Money with Amber Kanwar why she’s bullish on Canadian stocks, why valuation matters more than hype, and reveals the companies she’s buying now—including one energy name she calls “the most enticing buy in the market.” Timestamps 00:00 Show intro 01:45 Rebecca explains her defensive approach to investing 04:00 What tariffs mean for the defensive dividend-paying approach06:00 Is stagflation is a big risk and what’s the stagflation playbook? 09:45 U.S. vs. Canadian stocks & why Rebecca thinks Canadian stocks are poised to continue to outperform 14:45 Carney vs. Poilievre: assessing the what the next Prime Minister will mean for Canadian markets 17:45 In the Money mailbag: Is Algonquin Power & Utilities hopeless? 22:45 What are Rebecca’s thoughts on Telus as a long-term hold? 25:45 Will BCE cut the dividend? 29:40 What is a catalyst for Nutrien? 31:45 Rebecca’s thoughts on Gibson Energy 33:45 Is there more upside in Manulife? 35:15 Rebecca’s thoughts on the Hamilton U.S. Bond Yield Maximizer ETF39:45 Rebecca’s Pro Picks 53:00 Goodbye & coming upSponsorsThis episode is brought to you by BMO InvestorLine. We often discuss various stock ideas and market trends on this show. If you’re looking to explore those ideas further, BMO InvestorLine is an excellent resource. Their platform provides in-depth research, powerful tools, and commission-free trading on over 100 popular ETFs. Plus, you’ll find the BMO Investment Learning Centre with educational courses and videos empowering you to make informed decisions. Remember, always do your own research before investing. 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. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more information.LinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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

U.S. stocks have been underperforming since Donald Trump was sworn in as President in January but James Cook, Portfolio Manager at Matco says he’s not ready to give up on American equities just yet. Still, the global fund manager also thinks there’s opportunity outside of the U.S., specifically in markets like Japan - where Warren Buffet is doubling down- and Europe- where defense spending is on the rise. He shares where he’s finding growth at a reasonable price, the best ways to get started with global equities, and reveals the top 3 stocks he’s buying right now. Don't miss this global investment outlook!Timestamps 00:00: Show intro02:00: U.S. stocks are underperforming, what should investors do?6:00: The pain is in tech stocks, is it time to buy on the dip?7:40: Germany is turning on the taps, is it a tailwind for European stocks?9:00: James explains his investment process and portfolio10:20: In the Money Mailbag: Warren Buffett’s Berkshire Hathaway is investing even more in Japan. Does James like the region?16:00: Will European stocks continue to outperform and what equities does James like right now?22:15: The Hang Seng is on a run but James is underweight China. Find out why?26:15: Would James buy the dip on Meta? 29:20: Is Mattel a buy?32:45: Is it time to buy CSX?36:19: Would James buy United Health at these levels?39:30: James’s Pro Picks46:00: Coming up & goodbye Sponsors​​​​This episode is sponsored by BMO InvestorLine. You’re going to hear about some interesting stock ideas on this podcast. To help you research and potentially act on those ideas, consider BMO InvestorLine. Their platform provides the resources you need to analyze potential investments, with the valuable tools and research you need when exploring the market. Plus, you’ll find the BMO Investment Learning Centre with educational courses and videos empowering you to make informed decisions. 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. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more informationLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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 an

American investor Cole Smead joins Amber Kanwar to break down why he's so bullish on Canadian oil stocks. Smead argues that Canadian energy stocks are some of the best investments in today's market - even amid fears over a trade war between the U.S. and Canada. In fact, he suggests now could be the second-best time in the past two decades to invest in this space.We dive into why Smead prefers Canadian over U.S. energy stocks, how tariffs may impact Canadian oil and why he’s not worried and find out the top 3 Canadian energy names he's buying right now. Timestamps For detailed show notes, navigate using the timestamps below:00:00: Show intro01:40: Why American investor Cole Smead loves Canadian oil stocks4:40: When did Cole start looking at the Canadian energy sector and why he thinks this is the near best time in the past two decades to invest in the space9:50: Why is Cole so bullish on oil stocks when things don't appear favourable for the sector14:10: The new sweet spot in this era and why Cole does not like dividends17:30: Cole offers his thoughts on why capex spending is not necessarily the right thing for these companies20:50: Will M&A heat up and will foreign investors make a return?23:20: Cole’s view on U.S. energy stocks vs. Canadian right now24:20: Why Cole doesn’t care about tariffs28:45: What does Mark Carney mean for the Canadian energy sector?32:45: In the Money Mailbag: What does Cole think about the Whitecap-Veren merger?39:35: Cole’s thoughts on Baytex Energy42:15: Does Cole like Imperial Oil and would he continue to hold at these levels?47:20: Ask the American ‘Eric Nuttall’ what he thinks about Tamarack Valley Energy?49:45: Cole’s thoughts on Greenfire Resources since Fairfax Financial holds a large position55:00: Would Cole buy the dip in CNQ?57:30: Is Couche-Tard’s Seven & i deal good for shareholders?1:02:40: Cole’s Pro Picks1:15:50: Coming up & goodbyeSponsors​​This episode is sponsored by BMO InvestorLine. You’re going to hear about some interesting stock ideas on this podcast. To help you research and potentially act on those ideas, consider BMO InvestorLine. Their platform provides the resources you need to analyze potential investments, with the valuable tools and research you need when exploring the market. Plus, you’ll find the BMO Investment Learning Centre with educational courses and videos empowering you to make informed decisions. 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. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more informationLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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 professi

The market is in panic mode, are there opportunities to profit? In this episode of In The Money with Amber Kanwar, we dive into how the Optimist Fund is proving that bold, high-conviction investing can lead to massive returns—by taking advantage of volatile times. Jordan McNamee, founder of the fund, shares why betting on visionary CEOs and misunderstood stocks is his formula for success.From Carvana’s explosive comeback to his top three stock picks that could double, triple, or even 4X, Jordan reveals the opportunities hiding in plain sight—and why most investors are missing them. He also breaks down how he turned a 50% loss into a huge win, why fear doesn't dictate his strategy, and what he’s seeing in the market right now.If you’re looking for contrarian insights, high-growth investing strategies, and a fresh take on navigating uncertainty, this episode is for you.🔔 Subscribe for more expert insights and investing strategies! #StockMarket #Investing #GrowthStocks #HighConvictionInvesting #Carvana #FinanceTimestamps For detailed show notes, navigate using the timestamps below:00:00: Show intro02:00: Philosophy behind Optimist Fund 04:07: Jordan explains why macro doesn’t drive his investment decisions 05:08: Jordan goes through his returns and how he had to claw back from a big drop in 2022 07:32: Why Jordan makes concentrated bets09:40: The importance of the CEO when it comes to buying a stock11:20: Jordan explains who is backing his fund12:50: Jordan explains why he doesn’t see another “2022” style pullback in tech13:35: Mailbag questions13:40: Why Uber can be a $1 trillion company18:07: Jordan gives his thoughts on DoorDash19:27: Jordan talks about why Revolve can quadruple 24:05: Jordan says he still likes Wayfair 27:50: Monday.com has big market share opportunity 30:55: Jordan is steering clear of Airbnb…for now33:00: ProPicks48:56: Thank you and goodbye SponsorsThis episode is sponsored by BMO InvestorLine. Investing can be intimidating, but it doesn’t have to be. With BMO InvestorLine, you have the tools and resources you need to make informed decisions and build a successful portfolio. Their easy-to-use platform, packed with research, tools, and commission-free trading on over 100 popular ETFs, can help you take control of your financial future. Learn more at https://bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16For over 25 years, Raymond James has been helping Canadians achieve their financial goals. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more informationLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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 deem

Think designer bags are just for the high-fashion crowd? Think again! In this episode of In the Money with Amber Kanwar, Maggie Adhami-Boynton, Founder & CEO of ShopThing, spills the secrets on how luxury bags from brands like Hermes, Chanel, and Louis Vuitton can be lucrative investments. She shares the hottest trends, answers your questions, and reveals 3 must-have bags that’ll have you looking stylish and making money later.🔔 Subscribe for more expert investments and market insights!Timestamps For detailed show notes, navigate using the timestamps below:00:00: Show open01:45: What is ShopThing and why did Maggie start the company?5:00: ShopThing’s growth trajectory7:30: Maggie’s advice to founders9:00: Are there concerns about the luxury consumer?9:50: Are handbags really a good investment? Do they go up in value?12:40: ITM Mailbag: Is a Lady Dior bag a good investment? Will it hold its value?14:30: Which Fendi Peekaboo would Maggie recommend?15:30: Is Louis Vuitton making a comeback?17:00: Have purse manufacturing standards changed amid consolidation in the industry?18:30: Can more affordable luxury brands be investable? 22:00: Is it better to buy Chanel new or preloved?24:15: Pro Picks: 3 Designer Bags Worth the Investment SponsorsThis episode is sponsored by BMO InvestorLine. Investing can be intimidating, but it doesn’t have to be. With BMO InvestorLine, you have the tools and resources you need to make informed decisions and build a successful portfolio. Their easy-to-use platform, packed with research, tools, and commission-free trading on over 100 popular ETFs, can help you take control of your financial future. Learn more at: bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16For over 25 years, Raymond James has been helping Canadians achieve their financial goals. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more informationLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enFollow Maggie: https://www.instagram.com/maggieadhami/?hl=enFollow ShopThing: https://www.instagram.com/shopthing/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.

Everything you thought you knew about the stock market is changing. David Burrows, Chairman & CIO of Barometer Capital Management tells In the Money with Amber Kanwar it's time to end the love affair with the MAG 7 tech giants, as he predicts that tech will no longer lead the market. He also shares why we've reached the end of U.S. market exceptionalism—and why that's a good thing for Canadian stocks. Tune in to find out which stocks he's buying right now, and what key factors he looks for when identifying the best investment opportunities. Whether you're an experienced investor or just getting started, you won’t want to miss this insight-packed discussion.Subscribe for more expert stock picks, market insights, and the latest trends in finance!Timestamps For detailed show notes, navigate using the timestamps below:00:00: Show intro01:45: David’s investment approach03:15: David explains why there’s a shift in markets right now08:20: How long will this market shift last?10:20: What does the market shift mean for Canada?11:40: Why David isn’t betting on tech14:00: Why David is growing his cash position right now15:30: In the Money Mailbag: David’s thoughts on grocers like Metro and what tariffs mean for them21:00: David’s thoughts on Starbucks and its turnaround22:10: Can Canada Goose go back to being a growth stock?23:10: Why David likes TMX Group 27:00: David’s outlook on copper and Ivanhoe Mines29:30: David’s outlook on Alamos Gold33:10: David’s thoughts on dividend paying stocks35:00: What does David think about Bank of New York Mellon?36:45: David’s Pro Picks46:00: Goodbye & Coming up SponsorsThis episode is sponsored by BMO InvestorLine.Investing can be intimidating, but it doesn’t have to be. With BMO InvestorLine, you have the tools and resources you need to make informed decisions and build a successful portfolio. Their easy-to-use platform, packed with research, tools, and commission-free trading on over 100 popular ETFs, can help you take control of your financial future. Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16 For over 25 years, Raymond James has been helping Canadians achieve their financial goals. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way. 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more informationLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enFollow David:X: https://x.com/barometercaDISCLAIMERS 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 Investo

Ignore the noise—focus on great businesses! That’s the core investment philosophy of Paul Harris, Portfolio Manager at Harris Douglas Asset Management. In this episode of In the Money with Amber Kanwar, Paul breaks down why holding high-quality companies for the long term is the best way to generate strong returns. But finding those businesses? That’s the real challenge. Tune in as Paul reveals the stocks he’s buying right now and the key factors he looks for when picking winning investments!🔔 Subscribe for more expert stock picks and market insights!#Investing #StockMarket #Finance #LongTermInvestingRecorded on: Monday March 3rd, 2025Timestamps For detailed show notes, navigate using the timestamps below:00:00: Show intro01:30: Paul talks Trump’s tariffs6:30: How Paul structures the portfolio 11:45: How to find the best stocks on the planet like Warren Buffett16:20: In the Money Mailbag: Paul’s take on TD Bank and what tariffs mean for the Canadian banking sector20:00: Why Paul still likes Novo Nordisk24:15: Paul’s thoughts on Target, Costco and retailers29:35: What Paul thinks about renewable names like Brookfield Renewable and Canadian Solar33:35: Is Hershey a buy for income and capital preservation?37:20: Paul’s thoughts on Meta’s valuation40:10: Why Paul thinks Nvidia is a great business43:05: Paul’s Pro PicksSponsorsThis episode is sponsored by BMO InvestorLine. Investing can be intimidating, but it doesn’t have to be. With BMO InvestorLine, you have the tools and resources you need to make informed decisions and build a successful portfolio. Their easy-to-use platform, packed with research, tools, and commission-free trading on over 100 popular ETFs, can help you take control of your financial future.Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16For over 25 years, Raymond James has been helping Canadians achieve their financial goals. They are Canada's largest independent financial services firm with over 520 dedicated advisors, $88 billion in assets under management, and capital markets services. With no proprietary product to push, their advisors are free to focus on the unique needs of their clients. Whether you are saving for your children’s education, preparing for retirement, or safeguarding wealth for future generations, Raymond James is committed to guiding you every step of the way.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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management. Visit ATB.com/inthemoney for more informationLinksFollow In the Money:Visit the website: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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.

Canadian real estate stocks have struggled over the past 3 years but Dean Orrico, President & CEO of Middlefield believes there’s never been a better time to invest in the sector. He explains why the Canadian REIT stocks are a better buy than American ones and reveals his top 3 stocks to buy right now.Timestamps For detailed show notes, navigate using the timestamps below:00:00: Show intro1:40: Dean talks about his 30 years investing in the real estate sector4:25: Dean on rates, immigration and real estate8:00: Why this is one of the best buying opportunities Dean has ever seen13:00: How Dean is managing the portfolio 15:55: How do you deal with hype? For example, AI data centres18:25: ITM Mailbag: Dean’s thoughts on Dream Industrial REIT and what tariffs mean for the industrial REIT sector23:30: Why Dean likes Canadian REITS over U.S. REITs25:05: Why Dean thinks Boardwalk (BEI.UN) is a great REIT29:00: Dean’s thoughts on the office REIT sector post-pandemic32:40: Why Dean thinks seniors housing REITS are well-positioned36:05: Dean’s Pro Picks SponsorsThis episode is sponsored by BMO InvestorLine. Investing can be intimidating, but it doesn’t have to be. With BMO InvestorLine, you have the tools and resources you need to make informed decisions and build a successful portfolio. Their easy-to-use platform, packed with research, tools, and commission-free trading on over 100 popular ETFs, can help you take control of your financial future.Learn more at bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16Pro 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. ATB's Capital Markets arm is a full-service investment dealer that offers investment and corporate banking, sales and trading, institutional research, and risk management.Visit ATB.com/inthemoney for more information. LinksFollow In the Money:Visit the website to subscribe to our Pro Picks Newsletter: https://inthemoneypod.com/ Submit a question: [email protected] Follow In the Money on Instagram: https://www.instagram.com/inthemoneypod/?hl=en Facebook: https://www.facebook.com/profile.php?id=61569721774740 Twitter/X: https://twitter.com/inthemoneypod TikTok: https://www.tiktok.com/@inthemoneypod?lang=enDISCLAIMERS 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.