In the Money with Amber Kanwar

Amber Kanwar
  • 5.0 (8)
  • Investing
  • Updated Weekly

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

  1. 2d ago ·  Video

    Software Stocks Crashed. This CEO Says the Business Has Never Been Stronger

    Is Wall Street getting the AI threat to software stocks all wrong? When fears of a "SaaSpocalypse" sent software stocks plunging, Canadian tech company Kinaxis (KXS.TO) lost roughly 30% of its value. But according to its new CEO, Razat Gaurav, the business was actually getting stronger. With revenue doubling since 2023 and growing demand from global customers including General Motors, Unilever and Merck, Gaurav believes Kinaxis has the potential to double or even triple in size. He joins Amber Kanwar to explain why AI won't replace the company's supply chain software, how it's using AI to accelerate growth, and why investors may be misunderstanding the future of enterprise software. Gaurav also discusses the economics of AI, including rising token usage, whether AI companies are subsidizing their products, and the potential for over investment to create another tech bubble. He explains why Kinaxis is increasing R&D spending while maintaining a debt-free balance sheet, how a partnership with Nvidia is making its technology dramatically faster, and what tariffs, geopolitical tensions and global supply chain disruptions mean for customer demand. Plus, could Kinaxis be headed for a U.S. stock exchange—or become Canada's next big tech takeover? Gaurav addresses plans for a potential U.S. dual listing, acquisition opportunities, takeover speculation and why he believes the company's biggest growth opportunities are still ahead. Timestamps 00:00 Trailer  02:07 Intro 04:05 What Kinaxis Does for Global Companies 07:11 How AI and Changing Consumer Habits Reshape Supply Chains 09:26 A New CEO Meets the “SaaSpocalypse” 11:33 Why Kinaxis’ Business Fundamentals Stayed Strong 14:13 Can You Vibe-Code a Supply Chain Platform? 18:33 What LLMs Can—and Can’t—Do for Enterprise Software 20:30 The Enterprise Tech Stack: Systems of Record, Semantics, and Context 23:10 Why One Merck Change Can Trigger 18,000 Recalculations 26:59 AI, Pricing, and Kinaxis’ Profit Margins 29:31 Why Kinaxis Pricing Isn’t Based on Seats 31:37 Token Maxing: AI Costs, Model Choices, and Productivity 37:36 Why Kinaxis Isn’t Borrowing to Chase Growth 41:57 AI Investment Booms, Bubbles, and Lessons from Tech History 44:22 Stock Market Fears vs. Business Reality 47:48 Kinaxis’ Canadian Roots and Global Business 50:40 Kinaxis’ Plans for a U.S. Dual Listing 51:35 NVIDIA Partnership: Faster Supply Chain Optimization 52:48 Why Kinaxis Is Focused on Organic Growth 59:59 Closing Bell: Hiking, Sailing, Travel, and Wine Sponsors Thanks to our partners at Guardian Capital LP. Following Conviction, Not the Crowd. Contact your advisor today and ask about Guardian Capital’s Funds and ETFs and visit their website for more information at https://guardiancapital.com ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Links https://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

  2. 4d ago ·  Video

    Forget the S&P 500. Inflation Could Make Canada the Better Bet

    Inflation is reshaping global markets, and Canada may be uniquely positioned to benefit. Veteran value investor Kim Shannon, Founder and Co-Chief Investment Officer of Sionna Investment Managers, believes we're only five years into an inflationary cycle that could last another 15 years or longer. History suggests Canadian stocks have a significant advantage in this environment. When inflation rises above 4%, Canada has historically outperformed the U.S. by an average of 8%. After correctly predicting the TSX would outperform the S&P 500 last year, Shannon explains why she believes the golden era for value investing is far from over, why rising bond yields could put pressure on expensive growth stocks, and where she's finding opportunities in Canadian equities despite the market's impressive rally. In the Mailbag, Shannon weighs in on whether Cenovus Energy (CVE.TO) still has room to run after doubling in value, whether Canadian energy stocks can continue their rally, and if Canadian banks like Bank of Nova Scotia (BNS.TO) and TD Bank (TD.TO) have become too expensive. She also discusses why Fairfax Financial (FFH.TO) could offer significant upside, whether Berkshire Hathaway (BRK.B) remains attractive, the AI disruption fears weighing on engineering firms WSP Global (WSP.TO) and Stantec (STN.TO), and whether rising bond yields are creating opportunities in pipelines and telecom stocks. In Pro Picks, Shannon reveals three Canadian stocks she believes offer significant upside in an inflationary world. She's sticking with Barrick Mining (ABX.TO), a pick from last year that's already gained 47%, but which she believes remains deeply undervalued thanks to one of the world's most promising gold discoveries. She's also finding opportunity in the wreckage of the AI-driven software selloff, making the case for CGI (GIB.A.TO), and sees a potential turnaround in beaten-down utility Algonquin Power & Utilities (AQN.TO), which she believes could climb from roughly $7 to $12 a share. Plus, we revisit her stellar picks from last year, including Bank of Nova Scotia (BNS.TO), up 52%, and Cenovus Energy (CVE.TO), which has doubled, to see what's behind those gains and whether there's still upside ahead. Timestamps 0:00 Trailer  2:15 Intro2:55 Is it still a golden era for value investors?  6:27 How inflation affects value stocks and Canadian equities 8:22 Is Canada still cheap after its recent gains? 9:36 Bond yields, stagflation, and market risk 12:48 Value investing, dividends, and income 15:51 ITM Mailbag: Is Cenovus still a buy? (CVE) 19:36 Cenovus, oil supply, and Canada’s energy outlook 22:05 Canadian bank valuations and portfolio positioning (TD, BNS) 26:13 Life insurers and Fairfax (FFH) 29:10 Berkshire Hathaway and Kim’s Warren Buffett story (BRK.B) 33:37 Engineering stocks, AI, and value traps (WSP, STN) 37:11 Pipelines: opportunity or caution? 38:53 Past & Pro Picks: (ABX, GIB.A, AQN) 53:57 The Closing Bell: Kim’s favourite ways to unwind 55:51 Episode wrap-up and what’s next Sponsors Thanks to our partners at Guardian Capital LP. Following Conviction, Not the Crowd. Contact your advisor today and ask about Guardian Capital’s Funds and ETFs and visit their website for more information at https://guardiancapital.com ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Links https://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

  3. Oct 15 ·  Video

    Canada Is Finally Waking Up. These Stocks Could Soar

    Canada is on the cusp of what could be a generational investment opportunity. After years of underinvestment, billions of dollars are flowing toward infrastructure, defence, energy and data centres—and some of the biggest beneficiaries may still be overlooked by investors. Andrey Omelchak, President, CEO & CIO at LionGuard Capital, believes Canada's economic transformation is just getting started. After outperforming both the TSX and Nasdaq without relying on big tech or mining stocks, he explains why he's so bullish on Canada's future, where he's finding opportunities and which companies could deliver outsized returns.  In the Mailbag, Andrey weighs in on whether the pullback in 5N Plus (VNP.TO) is a major buying opportunity, whether AI disruption fears are overblown for Stantec (STN.TO) and Lumine Group (LMN.V), and why he's excited about Electrovaya (ELVA.TO) despite its volatility. He also revisits Propel Holdings (PRL.TO) following the collapse in goeasy (GSY.TO), assesses the upside in Mattr (MATR.TO) after its massive rally and explains why he sees more growth ahead for Firan Technology Group (FTG.TO). In Pro Picks, Andrey reveals three stocks positioned to benefit from a surge in infrastructure, defence and data centre spending: Magellan Aerospace (MAL.TO), Enerflex (EFX.TO) and Badger Infrastructure Solutions (BDGI.TO). He also revisits his previous picks, including Calian Group (CGY.TO), Canaccord Genuity (CF.TO) and Bird Construction (BDT.TO), which has surged 155% since his last appearance. Is there still upside, or is it time to take profits? Timestamps00:00 Trailer 01:55 Intro 03:32 Investing Beyond the Broad Market 04:08 How Andrey Chooses Investment Themes 06:08 The Evidence Behind Canada’s Infrastructure Shift 07:44 Is the Opportunity Still Under the Radar? 09:23 Separating Investment Hype from Data 12:26 ITM Mailbag: 5N Plus: Critical Metals and Space (VNP) 15:44 Stantec: AI Fears and Valuation (STN) 18:10 Electrovaya: Batteries, Data Centers, and Growth (ELVA) 23:48 Lumine Group: AI Risks and Compounding (LMN) 30:44 Propel Holdings: Why It’s Different from GoEasy (PRL) 36:28 Matter: Infrastructure Demand and Recovery (MATR) 38:06 Firan Technology : Aerospace and Defense Demand (FTG) 41:00 Andrey’s Past & Pro Picks (CGY, BDT, CF, MAL, EFX, BDGI) 60:04 Closing Bell: Family Time and Road Trips Sponsors Thanks to our partners at Guardian Capital LP. Following Conviction, Not the Crowd. Contact your advisor today and ask about Guardian Capital’s Funds and ETFs and visit their website for more information at https://guardiancapital.com ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Links https://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

  4. Oct 13

    He Got Canadian Energy Right. Here's What He's Saying Now

    Cole Smead got Canadian energy right when few investors wanted anything to do with the sector. Now, after some of his biggest stock picks have delivered enormous returns, is there still money to be made?  Cole was one of the top-performing stock pickers in our mid-year review, claiming both the number one and number three spots thanks in large part to his winning Canadian energy bets. Now, he returns to explain why he believes the Canadian oil trade is far from over, even after a massive rally. While some of the biggest bargains in Canadian energy have disappeared, Smead believes the sector still has significant upside. But investors looking for the next big payoff may need patience rather than chasing quick gains. He breaks down why Cenovus Energy (CVE.TO) remains one of his highest-conviction holdings, what its acquisition of Athabasca Oil (ATH.TO) reveals about the value of Canadian oil sands assets, and why he thinks consolidation could eventually leave Canada with just three major oil producers. He also weighs in on the widening discount for Canadian crude, the outlook for oil prices amid geopolitical tensions, and why he's avoiding the AI spending boom in favour of businesses generating enormous free cash flow. Plus, why this outspoken American investor is expanding his business into Canada. In the Mailbag, Cole answers viewer questions about whether Athabasca Oil (ATH.TO) could attract a competing bid, whether Canadian Natural Resources (CNQ.TO) is falling behind its peers, and whether there's more upside in Whitecap Resources (WCP.TO) following its Veren acquisition. He also shares his outlook for Tamarack Valley Energy (TVE.TO), Baytex Energy (BTE.TO), Strathcona Resources (SCR.TO), and Birchcliff Energy (BIR.TO), explaining where he sees opportunities, where he's cautious, and why capital allocation matters more than ever. In Pro Picks, Cole revisits his previous recommendations, including Strathcona Resources (SCR.TO), Pandora (PNDORA.CO) and West Fraser Timber (WFG) before revealing three investment ideas: International Petroleum (IPCO.TO), a Canadian energy company with ambitious oil sands growth plans; Barclays (BARC.L), a European bank he believes could benefit from improving profitability and industry consolidation; and Auto Trader Group (AUTO.L), a beaten-down British business where he sees a potential opportunity for patient investors. Vote for us! https://vote.signalaward.com/PublicVoting#/2026/shows/genre/money-finance https://vote.signalaward.com/PublicVoting#/2026/shows/genre/business-people-entrepreneurs-shaping-culture  Timestamps 0:00 Trailer 2:03 Intro 3:22 Cole Smead on expanding into Canada 5:38 Speaking candidly about Canadian investing 7:58 The H&R REIT deal and shareholder value 11:37 Cole’s investment approach and portfolio 13:10 Why he avoids big tech and capex cycles 15:44 Canadian oil prices and pipeline constraints 18:37 ITM Mailbag: Athabasca takeover offer, is another bid coming? (ATH) 25:27 Greenfire, Strathcona, and oil consolidation 28:03 Canadian Natural Resources and capital allocation (CNQ) 30:22 Whitecap, gas assets, and oil investments (WCP) 38:33 Tamarack Valley: patience and returns (TVE) 39:55 Baytex Energy (BTE) 43:17 Enbridge, and pipelines 46:18 Birchcliff and the gas business 48:00 Cole’s past picks: Strathcona, Pandora, West Fraser (SCR, PNDORA, WFG) 1:00:17 Cole’s Pro Picks: International Petroleum, Barclays, Auto Trader (IPCO, BARC, AUTO) 1:17:58 Closing Bell: Cole’s hobbies and closing conversation Sponsors Thank you to our partners at ATB Financial. ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Links https://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

  5. Oct 8

    “Big Short” Investor Steve Eisman Isn’t Calling a Crash—But He Sees One Big Risk

    Steve Eisman made his name betting against the housing market before the Global Financial Crisis—a trade immortalized in The Big Short. So when he sees risk building in the market, investors pay attention. But this time, Eisman isn’t predicting another crash. In fact, he’s net long. In this episode of In the Money with Amber Kanwar, Eisman explains why he remains cautiously bullish, even as he warns that the market has become dangerously dependent on one story: AI. He argues the S&P 500 is far less diversified than investors think, with much of the market now directly or indirectly tied to the AI buildout. He breaks down the extraordinary concentration he sees from NVIDIA (NVDA) to the hyperscalers to OpenAI and Anthropic—and what could cause that chain to unravel. Eisman also weighs in on rising interest rates, why he believes U.S. banks are safer than they’ve been in decades, and why he isn’t worried about America’s massive government debt. And he revisits one of his more infamous calls on Canada: his bet against Canadian banks. Eisman admits he was wrong, explains why his bearish housing thesis never played out as expected, and says Canada’s oligopolistic banking system has helped keep its banks safe—even as Canadian housing now faces a significant pullback. Plus, in Pro Picks, Eisman shares his high-conviction ideas: NVIDIA (NVDA), which he continues to own as long as the AI story holds together, and Eli Lilly (LLY), which he believes has won the weight-loss drug war. He also reveals why he closed his hugely successful short position in FICO (FICO) after the stock plunged roughly 60%—and teases another short he isn’t ready to reveal just yet. Vote for us! https://vote.signalaward.com/PublicVoting#/2026/shows/genre/money-finance https://vote.signalaward.com/PublicVoting#/2026/shows/genre/business-people-entrepreneurs-shaping-culture  Timestamps0:00 Trailer 02:07 Introducing Steve Eisman 03:32  “The Big Short” guy 04:57 Is the market headed for trouble? 05:42 The S&P 500’s hidden concentration risk 07:32 What could derail the AI boom? 08:24 The AI investment chain: Nvidia to OpenAI 11:34 AI competition, government, and China 12:48 Can AI spending earn a return? 14:11 Why Eisman owns Nvidia despite the risks 15:19 AI’s compelling story—and its cash burn 18:00 What the bond market is signaling 19:18 Why the market is so narrow 20:12 Housing stocks and interest rates 21:44 Are U.S. banks safe? 22:22 Private credit: waiting for loan defaults 23:06 Eisman admits he was wrong about Canadian banks 24:19 Commodities, oil, and inflation 25:47 Short positions and lessons from the 2008 crisis 28:16 U.S. debt, Treasuries, and the dollar’s role 30:52 Pro Picks: Eisman’s high-conviction stock ideas (NVDA, LLY) 31:53 Why Eisman closed his FICO short 32:41 Eisman’s “Iceman Playbook” 33:04 What Steve Eisman does for fun Sponsors Thank you to our partners at ATB Financial. ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Links https://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

  6. Oct 6

    The S&P 500 Is Hiding a Much Uglier Market

    Mike Vinokur thinks a market washout could be just two to four weeks away—and that may be the time to buy. The Portfolio Manager & Senior Wealth Advisor at Propellus Wealth Partners with iA Private Wealth has raised cash to nearly 30% in his growth portfolio as the S&P 500’s double-digit gain masks a much uglier market underneath. High-quality stocks are down 20%, 30% and even 40%, and Mike joins Amber Kanwar to explain why he thinks more pain could be coming before a potentially compelling buying opportunity emerges. He also breaks down the impact of higher-for-longer interest rates and why he’s cautious on parts of the AI trade. In the Mailbag, Mike weighs in on the pullback in U.S. banks and explains why he prefers life insurers over expensive Canadian banks. He looks at whether Blackstone (BX), KKR (KKR) and Brookfield (BN) have fallen far enough to become attractive, whether McDonald’s (MCD) is finally getting cheap enough to buy and what Berkshire Hathaway may see in Lennar (LEN). Plus, after a 75% collapse in Fair Isaac (FICO), is the stock finally an opportunity—or still a falling knife? In Pro Picks, Mike revisits his past ideas Alphabet (GOOGL), Air Lease and Lincoln National (LNC), including why he sold Google after a massive run but continues to own Lincoln National. His new picks are Amazon (AMZN), Uber (UBER) and Talen Energy (TLN), as he looks for businesses with strong fundamentals, attractive valuations and enough margin of safety to weather a more challenging market. Vote for us! https://vote.signalaward.com/PublicVoting#/2026/shows/genre/money-finance https://vote.signalaward.com/PublicVoting#/2026/shows/genre/business-people-entrepreneurs-shaping-culture  Timestamps 0:00 Trailer 2:08 Intro 4:01 Why the average stock is struggling 7:10 A washout is coming in the next 2-4 weeks 10:17 High interest rates and the bond market 13:11 How Mike approaches AI stocks 15:44 U.S. banks: correction or opportunity? 19:56 Why Mike is avoiding Canadian banks 22:05 Private equity, KKR, and valuation (BX, KKR, BN) 27:27 Is McDonald’s a value opportunity? (MCD) 32:26 Why Berkshire is buying LENNAR (LEN) 34:47 Toll Brothers and timing the housing market (TOL) 38:44 FICO, Equifax, and regulatory risk (FICO) 43:01 Mike’s past picks: Google, Lincoln National and Air Lease (GOOGL, LNC) 50:00 New picks: Amazon, Uber and Talen Energy (AMZN, UBER, TLN) 63:28 Closing bell: salsa dancing and travel SponsorsThank you to our partners at ATB Financial. ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Linkshttps://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

  7. Oct 1

    Is Real Estate Dead Money? This Investor Says Absolutely Not

    Rising interest rates have punished real estate stocks and left investors wondering: Is real estate dead money? Jeff Olin, President & CEO and Portfolio Manager at Vision Capital Corporation, says absolutely not. While higher rates matter, he argues that supply and demand ultimately matter more—and that today’s disconnect between public and private real estate markets is creating opportunities. With billions of dollars of private capital still looking for deals, Olin expects the wave of M&A in real estate to continue.Olin explains why Vision has increased its net long exposure, where he sees the best supply-and-demand fundamentals and why investors need to stop treating real estate as one homogeneous sector. He breaks down the strength in grocery-anchored retail, why he’s becoming more constructive on industrial real estate again and where he sees opportunities in apartments, seniors housing and data centres. In the Mailbag, Olin tackles the controversial proposed transaction involving H&R REIT (HR.UN) and GO Residential REIT (GOR.UN), including why both stocks fell after the deal was announced, the potential value he still sees in GO and the questions surrounding H&R’s process and governance. He also revisits Allied Properties REIT (AP.UN) after warning about the company on his last appearance. Following a major distribution cut and equity raise, Olin argues Allied still has a distribution problem and says he would eliminate the dividend entirely—even as he acknowledges the company owns some great real estate.Plus, Olin weighs in on Dream Office REIT (D.UN), BSR REIT (HOM.U), Mainstreet Equity (MEQ), Nexus Industrial REIT (NXR.UN) and Plaza Retail REIT (PLZ.UN), including which names he thinks offer genuine value—and which apparent bargains could still be value traps. Before revealing his new Pro Picks, Olin revisits last year’s picks: Dream Industrial REIT (DIR.UN), First Capital REIT (FCR.UN) and Chartwell Retirement Residences (CSH.UN). First Capital was ultimately acquired after Olin had argued that its grocery-anchored portfolio was significantly undervalued, while Dream Industrial and Chartwell remain names he likes. For this year’s Pro Picks, Olin returns to Chartwell Retirement Residences (CSH.UN), pointing to powerful demographic tailwinds, limited new supply and rising occupancy. He also picks Brookdale Senior Living (BKD), the largest operator of retirement communities in the U.S., where he sees an occupancy and management turnaround story, and Csquare (CSQR), a newly public data-centre company he calls a “screaming value” with exposure to the less-hyped co-location side of the data-centre boom. Timestamps 00:00 Trailer 02:15 Intro 03:20 Is Real Estate dead money?  05:23 U.S. REIT Balance Sheets and Debt 06:42 Canadian REITs: Valuations and Leverage 08:09 Why Vision Capital Is Net Long 09:32 Real Estate M&A and Takeover Premiums 11:01 How Higher Rates Affect Deal Flow 11:47 Cap Rates Explained 12:59 Why Retail Real Estate Is Not One-Size-Fits-All 13:27 The Case for Grocery-Anchored Retail 15:24 Slate Grocery REIT: What Went Wrong? 16:39 Why the Slate Deal Angered Investors 18:57 ITM Mailbag: H&R REIT and GO Residential: The Deal Explained (GO.U, HR.UN) 27:32 Dream Office REIT and BSR REIT (D.UN, BSR) 33:21 Main Street Equity’s Long-Term Growth Story (MEQ) 37:41 Nexus Industrial REIT and Data Centre Claims (NXR) 39:19 Allied Properties: Governance and Capital Allocation 44:11 Should Allied Properties Eliminate Its Dividend? (AP.UN) 46:17 Plaza REIT and Potential M&A (PLZ.UN) 48:49 Jeff’s Past & Pro Picks ( DIR.UN, FCR.UN, CSH.UN, BKD, CSQR)  62:59 Closing Bell: Jeff Olin on Skiing and Family Sponsors Thank you to our partners at ATB Financial. ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Links https://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

  8. Sep 29

    The Energy Trade Isn’t Over, It’s Changing: What to Buy Now

    The energy trade has already delivered big gains—but David Szybunka says the cycle is far from over. The opportunity is simply changing. David Szybunka, Senior Portfolio Manager & Managing Director of the Energy Team at Canoe Financial, joins Amber Kanwar to explain why he believes energy has entered the “optimism” stage of a much longer cycle. After large-cap oil producers led the rally, Szybunka is becoming more selective, finding better value in natural gas, mid-cap producers and oilfield services. He argues investors are too focused on today’s oil price and not enough on the structural forces reshaping the sector—from geopolitical risk and energy security to surging power demand from AI. Szybunka also sees the ingredients for another wave of M&A. Canadian energy companies are generating significantly more cash, debt has fallen and valuations are increasingly diverging—creating opportunities for companies with stronger balance sheets to go shopping. He explains why owning long-life resources could become increasingly valuable as capital returns to the sector. In the Mailbag, Szybunka weighs in on the outlook for Canadian natural gas and potential M&A opportunities, including Birchcliff Energy (BIR.TO), Advantage Energy (AAV.TO) and Kelt Exploration (KEL.TO). He also tackles West White Rose and what it could mean for Cenovus Energy (CVE.TO) and Suncor Energy (SU.TO), the Tamarack Valley Energy (TVE.TO)–Headwater Exploration (HWX.TO) merger and its Tributary Exploration spinout, Abaxx Technologies (ABXX.NE) following its dramatic selloff, and the outlook for oilfield services. In Pro Picks, we first revisit Szybunka’s picks from his last appearance—and several were big winners. CES Energy Solutions (CEU.TO) gained 65%, Tamarack Valley Energy (TVE.TO) rose 84% and Headwater Exploration (HWX.TO) climbed 60%, while PrairieSky Royalty (PSK.TO) gained 30%. Tourmaline Oil (TOU.TO), however, returned just 4%—and Szybunka is bringing it back as a pick. He explains why he thinks North American natural gas resources are mispriced, why Tourmaline could be vulnerable to a bid, and why he also likes Athabasca Oil (ATH.TO) and SLB (SLB) as the energy cycle evolves. Timestamps 00:00 Trailer02:30 Intro03:40 David Szybunka returns 04:26 Geopolitics, AI, and the energy demand outlook 06:34 Is energy entering an optimism wave? 09:54 Capital returning to Canadian energy 11:39 Canada’s changing energy investment climate 13:05 Large caps vs. overlooked intermediates 15:38 Why energy M&A could accelerate 17:50 Why David prefers large-cap natural gas 18:00 Oil supply shocks vs. long-term demand 20:37 How to invest during an oil shock 21:37 Natural gas, power demand, and global scarcity 24:29 The case for thinking in energy cycles 26:56 LNG, natural gas, and where David sees opportunity 30:04 West White Rose and the large-cap outlook 32:59 Growth, shareholder returns, and the cycle 34:40 Who could become an energy-sector acquirer? 35:49 Tamarack–Headwater merger and the Tributary spinout 38:14 ABAX Technologies: David’s investment view 43:51 Oilfield services and the global spending cycle 47:31 Tourmaline: why David sees natural gas value 54:40 Athabasca, Tamarack, and long-life resources 58:51 SLB and the case for global energy spending 63:04 Closing Bell: life beyond the markets SponsorsThank you to our partners at ATB Financial. ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information. For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned. Thank you to our partners at Hamilton ETFs. For more information visit https://hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at  https://app.wealthsimple.com/74rd/83ftma8x Support for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/ The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail info@haliburtonposthouse.ca for more information.  Links https://inthemoneypod.com/  https://instagram.com/inthemoneypod https://facebook.com/profile.php?id=61569721774740  https://twitter.com/inthemoneypod  https://tiktok.com/@inthemoneypod questions@inthemoneypod.com DISCLAIMERS  The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: questions@inthemoneypod.com #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews

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

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