Worth Investing with Jonathan Wellum

ROCKLINC Investment Partners
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  1. 3d ago

    Canada Lost 110,000 Jobs in Two Months — Here's Why | Marc Patrone Show (10.13.26)

    📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: rocklinc.com/principledinvestor Show Description Canada lost 68,000 jobs in September, on top of 42,000 in August — 110,000 jobs gone in two months while the U.S. keeps hiring. On this episode of Worth Investing, Rocklinc CEO Jonathan Wellum, CFA, joins Marc Patrone on Newstalk Sauga 960 to break down the latest Canada jobs report and explain why capital keeps leaving the country. Jonathan walks through where the losses landed. Quebec shed 49,000 jobs, B.C. and Ontario 20,000 each, while Alberta added 23,000 in September and 76,000 year over year. The conversation then turns to a recent call to bring millions more people into Canada. Jonathan argues that population growth alone doesn't raise GDP per capita; productivity, skills, capital investment and sound legal and economic systems do. They also cover the strain rapid growth has put on housing and healthcare, and how investors can protect their capital in a country carrying heavy debt and deficits. 📖 Chapters ⏰ 00:00 Intro 01:18 Canada's jobs report: 68,000 jobs lost in September 02:15 Job losses by province, and why Alberta is growing 03:36 Does Canada need 15 million more people? 05:12 Why population growth doesn't grow GDP 06:51 Productivity, Norway and GDP per capita 08:05 Immigration, skills and integration 09:44 Unity is the strength you build on 11:17 Housing, healthcare and the strain of rapid growth 13:01 Protecting your capital, and how to reach Rocklinc Please visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF. Connect with us Get a free portfolio review with Jonathan Wellum and the ROCKLINC team: bit.ly/4anVNzd Follow us on social media: X: x.com/RocklincIP Facebook: facebook.com/rocklinc LinkedIn: ROCKLINC Investment Partners YouTube: @RockLincPartners Want help achieving your financial goals? Contact us: ✉️ info@rocklinc.com · 📞 905.631.5462 Disclaimer: The views expressed are those of ROCKLINC Investment Partners Inc. as of the date of recording and are subject to change. This material is for information only and is not investment, legal, or tax advice. ROCKLINC and/or its funds, including RKLC, may hold positions in any security discussed. Past performance is not indicative of future returns.

  2. Oct 7

    Carney’s “Buy Canadian” Pledge, and the Need for a Canada–U.S. Deal | Marc Patrone Show (10.05.26)

    📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: https://rocklinc.com/principledinvestor/ Show Description Oil is trading near $89 a barrel, yet the Canadian dollar just slipped below 70 cents US. For years those two numbers moved together. On this episode of Worth Investing, Rocklinc CEO Jonathan Wellum, CFA, joins Marc Patrone on Newstalk Sauga 960 to explain why the loonie now tracks Canada's overall economic performance instead of energy prices, and what that means for investing in Canada. Jonathan walks through the numbers behind Canada's economic stagnation. GDP per capita growth has been roughly flat for a decade. By his estimate, about $670 billion in resource-sector capital was turned away after 2015. And government-funded "shovels in the ground" projects, he argues, cost taxpayers more than private investment would. The conversation also covers the Stelco layoffs in Hamilton while major LNG infrastructure is built with imported steel, $7.8 billion in federal contracts awarded to U.S.-controlled companies, and why uncertainty over a Canada–U.S. trade deal sends capital south. They close on oil prices, refinery capacity and diesel shortages, and why investors need valuation discipline in an AI-heavy market. 📖 Chapters 00:00 Intro 00:26 The "Buy Canadian" debate and federal spending 02:03 Who to believe? Canada's GDP per capita numbers 02:51 $670B in resource capital turned away since 2015 03:32 Why the Canadian dollar stopped tracking oil 04:01 Private capital needs certainty of contracts 05:04 Hamilton steel layoffs vs. imported Chinese steel 07:31 Why trade uncertainty means the U.S. wins every time 10:08 $7.8B in federal contracts to U.S. companies 11:55 Play to your strengths: why Canada needs a trade deal 13:14 Oil at $89, refinery capacity and distillates 15:10 Rocklinc's approach: valuation discipline in an AI-heavy market Please visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ Connect with us Get a free portfolio review with Jonathan Wellum and the ROCKLINC team: https://bit.ly/4anVNzd Get to know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g Follow us on social media: X: https://x.com/RocklincIP Facebook: https://www.facebook.com/rocklinc LinkedIn: https://www.linkedin.com/company/rocklinc-investment-partners-inc- YouTube: https://www.youtube.com/@RockLincPartners Want help achieving your financial goals? Contact us: ✉️ info@rocklinc.com | 📞 905.631.5462 Disclaimer: The views expressed are those of ROCKLINC Investment Partners Inc. as of the date of recording and are subject to change. This material is for information only and is not investment, legal, or tax advice. ROCKLINC and/or its funds, including RKLC, may hold positions in any security discussed. Past performance is not indicative of future returns.

  3. Oct 7

    Canada’s Booze Boycott Backfires as Carney Targets U.S. Dollar | The Marc Patrone Show (09.28.26)

    📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: https://rocklinc.com/principledinvestor/ Show Description Canada's boycott of U.S. alcohol could trigger severe retaliation. We analyze why political posturing risks the Canadian economy. Marc Patrone and Rocklinc Investment Partners CEO Jonathan Wellum discuss the fallout from recent Canada-US trade tensions. With a potential ban on Canadian exports looming, we break down why Canada is too small to win these disputes and how continued aggressive rhetoric invites unnecessary friction. The conversation also examines Mark Carney and his recent comments regarding the U.S. dollar's role as a reserve currency. We look at the latest PricewaterhouseCoopers data on business investment, highlighting why regulatory and taxation barriers create significant investment risk for those looking to build wealth in Canada today. 📖 Chapters 0:00 Navigating the Current Economic Landscape 0:52 The Consequences of the Alcohol Boycott 5:46 The Future of the US Dollar 9:52 Why Capital Flees the Country 14:14 Retaining Talent and Innovation Please visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ Connect with us Get a free portfolio review with Jonathan Wellum and the ROCKLINC team: https://bit.ly/4anVNzd Get to know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g Follow us on social media: X: https://x.com/RocklincIP Facebook: https://www.facebook.com/rocklinc LinkedIn: https://www.linkedin.com/company/rocklinc-investment-partners-inc- YouTube: https://www.youtube.com/@RockLincPartners Want help achieving your financial goals? Contact us: ✉️ info@rocklinc.com | 📞 905.631.5462 Disclaimer: The views expressed are those of ROCKLINC Investment Partners Inc. as of the date of recording and are subject to change. This material is for information only and is not investment, legal, or tax advice. ROCKLINC and/or its funds, including RKLC, may hold positions in any security discussed. Past performance is not indicative of future returns.

  4. Sep 24

    Canada–U.S. Trade Tensions, Potash Politics & the AI Market Rally | Marc Patrone Show (09.21.26)

    Canada holds one of the world's most strategic commodities. So why is it being used as a threat? Host Marc Patrone speaks with ROCKLINC Investment Partners CEO Jonathan Wellum, CFA, about escalating Canada–U.S. trade rhetoric, including threats to weaponize potash and energy exports and Trump floating a cheaper potash deal with Belarus. Wellum argues that deal is unrealistic given global supply constraints: potash is a strategic but fungible commodity, and cutting off energy makes no sense when our pipelines only run south. They also question Ottawa's move to cozy up to the EU when Canada already has a free trade deal with Europe and must prioritize the U.S. market. The discussion then turns to markets: a Nasdaq surge led by the AI trade, semiconductors, and hyperscalers, crypto rising on a risk-on move, and oil falling on speculation about diplomatic outreach at the UN. They close on Canada's weak growth, lack of major projects, rising deficits, and reliance on targeted, government-backed investment deals like the proposed $50B Maple Fund. Wellum's answer: broad tax and regulatory reform that gives investors certainty. "Capital does not like the uncertainty." — Jonathan Wellum, CFA In this episode 00:00 Welcome and sponsor intro 00:32 Fox clip on Canada trade politics 02:11 Potash threats and tariff fallout 05:05 Energy as a weapon debate 05:52 The EU pivot 07:42 Market check and AI rally 09:50 ROCKLINC value investing message 10:46 Oil prices, midterms and carbon taxes 12:47 Canada debt polls and economic stagnation 15:56 Maple Fund, Brookfield and CPP concerns 18:02 Wrap up and contact info Watch the video version: https://youtu.be/67KmFonjoMw Get The Principled Investor — Jonathan's free weekly newsletter, plus two free guides on retirement income and biblical wealth stewardship: rocklinc.com/principledinvestor Get a free portfolio review with Jonathan Wellum and the ROCKLINC team: https://bit.ly/4anVNzd Prospectus, Fund Facts, and information on the ROCKLINC Principled Equity ETF (RKLC): rocklinc.com/etf Contact us: info@rocklinc.com | 905.631.5462 Disclaimer: The views expressed are those of ROCKLINC Investment Partners Inc. as of the date of recording and are subject to change. This material is for information only and is not investment, legal, or tax advice. ROCKLINC and/or its funds, including RKLC, may hold positions in any security discussed. Past performance is not indicative of future returns.

  5. Sep 16

    Carney’s Canada Investment Summit is NOT Canada's Economic Solution | Marc Patrone Show (09.14.26)

    📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: rocklinc.com/principledinvestor Jonathan Wellum joins Marc Patrone as Canada hosts its first Canada Investment Summit, a showcase of government-selected "nation-building" projects aimed at pulling global capital back into the country. Jonathan's question is simple: who should be picking the winners? The conversation maps to Independent Stewardship and the Canadian economy pillar: why capital allocated by political selection rather than return on investment tends toward cronyism and waste, and why investors who carry real risk make better stewards of capital. Ottawa insists it isn't crowding out the private sector. Jonathan disagrees. Roughly five or six pieces of legislation over the past decade have driven an estimated $600 billion to $1 trillion of capital out of Canada because building here became too expensive. The new approach offers tax incentives, fast-tracked tax rulings, and regulatory relief, but routes the biggest projects through Ottawa and toward the largest global asset managers and sovereign funds. Jonathan welcomes the investment Canada badly needs, but warns that projects should be allocated on returns in the private market, not handpicked. 📖 Chapters 0:00 — Introduction 0:13 — A summit to sell Canada to investors 0:48 — Is Ottawa picking winners? 2:22 — Why government doesn't trust the free market 2:54 — $600 billion to $1 trillion driven out of Canada 3:11 — Handing projects to the biggest players 4:04 — Ottawa is not a good investor 4:51 — Why risk makes a better steward 5:55 — Free markets are a magnet for capital 8:30 — Who's really coming to the summit 9:39 — Starved for capital: productivity and GDP per capita 10:44 — "Unmatched competitiveness"? Ontario's four-decade slide 11:46 — The EV battery plant lesson 12:00 — Get out of the way: what would actually work 13:27 — How to reach ROCKLINC Watch on YouTube: youtu.be/LWiIFgwOMis Subscribe: youtube.com/@RockLincPartners Please visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF. Connect with us Get a free portfolio review with Jonathan Wellum and the ROCKLINC team: bit.ly/4anVNzd Get to know Jonathan Wellum: youtu.be/ezMiX0FtZ7g Follow us X: x.com/RocklincIP Facebook: facebook.com/rocklinc LinkedIn: ROCKLINC Investment Partners YouTube: youtube.com/@RockLincPartners Want help achieving your financial goals? ✉️ info@rocklinc.com 📞 905.631.5462 Disclaimer: The views expressed are those of ROCKLINC Investment Partners Inc. as of the date of recording and are subject to change. This material is for information only and is not investment, legal, or tax advice. ROCKLINC and/or its funds, including RKLC, may hold positions in any security discussed. Past performance is not indicative of future returns.

  6. Sep 2

    Will the Loonie Recover? The Dangerous Reality of Canada’s Economy | Marc Patrone Show (09.01.26)

    Is Canada walking a tightrope between rising interest rates and a falling dollar? Jonathan Wellum, CFA, President & CEO of Rocklinc Investment Partners, joins Marc Patrone on News Talk Sauga 960 to discuss why rising US Treasury yields are repricing equities and gold, what a Canadian dollar in the low 70s means for inflation and purchasing power, and why retaliatory tariffs raise prices on the imported goods Canadians depend on. Jonathan also unpacks last week's GDP numbers — where the strength came from energy, mining, and truck production — and makes the case that prolonged trade uncertainty in the auto sector means Canada loses ground every day a deal isn't done. Learn more: rocklinc.com The Principled Investor newsletter: rocklinc.com/principledinvestor The views expressed are those of the speakers and are for informational purposes only. Not financial advice. Please see rocklinc.com.

  7. Aug 20

    Canada vs. USA Tariff Standoff, Dollar DOWN & Bond Yields UP | Marc Patrone Show (08.18.26)

    👉 Click Here to Subscribe: @RockLincPartners 📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: rocklinc.com/principledinvestor Show DescriptionBond yields are climbing — the U.S. 30-year is at its highest level since 2007 — and the market is sending a message about inflation, deficits, and trust. Jonathan Wellum, CFA (CEO & CIO, Rocklinc Investment Partners) joins Marc Patrone on News Talk Sauga 960 to break down what rising rates mean for Canadian investors: the tariff deadline with the U.S., why $1 trillion in capital has left Canada over the past decade, the pressure on the Canadian dollar, why central banks worldwide are stacking gold while the Bank of Canada holds zero, and the investment playbook when yields rise — short duration, essential and scarce businesses, hard assets, and caution on high-multiple tech. 📖 Chapters ⏰00:00 Segment Intro and Guest00:29 Tariff Deadline Impact01:35 Canada US Trade Leverage02:22 Why Cutting Oil Fails03:10 Bond Yields Rising Explained04:40 Inflation Deficits and AI06:19 Weak Canadian Dollar Causes10:20 Gold Reserves and Policy11:20 Portfolio Strategy for Rates12:37 Contact and Closing13:07 Investment Strategies for Volatility: rocklinc.com/etf Connect with us!Get a free portfolio review with Jonathan Wellum and the team at Rocklinc: Book hereGet to Know Jonathan Wellum: Watch Please visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: rocklinc.com/etf · ETF overview video Learn more about Rocklinc: YouTube playlist or visit rocklinc.com Follow us on social media👉 X👉 Facebook👉 LinkedIn👉 YouTube Want help achieving your financial goals? Contact us!✉️ info@rocklinc.com or 📞 905.631.5462🔗 rocklinc.com📩 Subscribe to The Principled Investor newsletter: rocklinc.com/principledinvestor ROCKLINC and/or RKLC may hold positions in securities discussed. This content is for informational purposes only and is not financial advice. Please see rocklinc.com. Subscribe and Listen to the Worth Investing Podcast 📱➡︎ YouTube➡︎ Spotify Disclaimer: Please see rocklinc.com for further information. This content is for informational purposes only. Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.

  8. Aug 14

    How Envy Is Eroding the West (And What to Do About It)

    👉 *Click Here to Subscribe* @RockLincPartners💰 *More from Worth Investing* https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay*Show Description*Matthew Hallick speaks with ROCKLINC Investment Partners CEO Jonathan Wellum have a followup disucssion on Jonathan's recent article "A Biblical Diagnosis of Suicidal Empathy and the West's Death Spiral," which reasoning from Gad Saad's Suicidal Empathy to R.J. Rushdoony's The Politics of Guilt and Pity and F.A. Hayek's The Fatal Conceit, argues that economics is a moral philosophy and that a culture unable to resolve guilt in Christ will look to the state to absolve it. 📄 *READ* - A Biblical Diagnosis of Suicidal Empathy and the West’s Death Spiral by Jonathan Wellum:* https://rocklinc.com/newsroom/a-biblical-diagnosis-of-suicidal-empathy-and-the-wests-death-spiral/▶️ *WATCH* https://youtu.be/yNhuWblQjjAAlong the way: how government grew from 15–20% of GDP to nearly half, why three of the Ten Commandments speak directly to economics, what the roughly $8 trillion held by U.S. billionaires looks like beside the $170 trillion held by the middle class, Canada's lost decade and a dollar that has slipped from par in 2011 to about 70 cents, and John Winthrop's 1630 "A Model of Christian Charity" as a picture of ordered generosity. Wellum closes on why capitalism requires virtue, how ROCKLINC invests around these long-term trends, and the ROCKLINC Principled Equity ETF (TSX: RKLC).📖 *Chapters* ⏰0:00 Cold Open0:18 The Article Behind the Conversation0:52 Why a Money Manager Weighs In on Culture2:35 Gad Saad and Suicidal Empathy5:06 Economics Is a Moral Philosophy7:45 Rushdoony: The Politics of Guilt and Pity10:37 When the State Becomes the Redeemer14:02 Blaming the System Instead of the Heart16:15 How Government Grew to Half the Economy18:19 Hayek: The Fatal Conceit and the Road to Serfdom23:07 Where the Wealth Actually Is: $8T vs $170T24:46 The Moral Case for Free Markets26:47 Who Actually Creates Wealth29:55 Three of the Ten Commandments Are Economic32:49 Canada's Lost Decade and the 70-Cent Dollar33:30 Capitalism Requires Virtue34:46 Sin Is Directional, Not Structural37:19 Winthrop's Model of Christian Charity40:04 The Ovarian Lottery vs. Providence42:41 Why the Answer Is Reformed, Not Just Christian49:01 Victimhood vs. Moral Agency50:02 Empathy Must Be Ordered, Not Abolished51:14 Free Resources: Stewardship Booklet and Retirement Guide54:16 How to Reach Rocklinc54:58 The RKLC Principled Equity ETF56:18 Closing: Deuteronomy 3058:01 Rocklinc Principled Investing: https://rocklinc.com/etf/===========================*Connect with us!*=============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc; visit: https://bit.ly/4anVNzdGet to Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: https://www.rocklinc.com*Follow us on social media*👉 X: https://x.com/RocklincIP👉 Facebook: https://www.facebook.com/rocklinc👉 LinkedIn: https://www.linkedin.com/company/19148766/admin/dashboard/👉 YouTube: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQ*Want help achieving your financial goals? Contact us!*✉️ info@rocklinc.com, or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com*Disclaimer:*Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #SuicidalEmpathy #JonathanWellum #Rushdoony #Hayek #RKLC

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