Episodes

  • ​​“Best Market in 40 Years” — Why Nuclear is Surging Now with Cameco CEO Tim Gitzel

    ​​“Best Market in 40 Years” — Why Nuclear is Surging Now with Cameco CEO Tim Gitzel
    Mar 31 2026
    The nuclear story has completely flipped — and according to Cameco CEO Tim Gitzel, this is now the strongest market he’s seen in over 40 years.In this conversation on In the Money with Amber Kanwar, Gitzel explains why uranium and nuclear energy have gone from a post-Fukushima downturn to a full-scale global comeback. He walks through the turning points — from the shutdown of Japan’s reactors and a decade-long bear market, to today’s surge driven by climate goals, energy security concerns, and rising geopolitical tensions. As countries rethink their dependence on foreign energy and fragile supply chains, nuclear power is moving back to the center of the global energy mix.The discussion also dives into Cameco’s transformation from a uranium producer into a more vertically integrated nuclear player, including its major stake in Westinghouse alongside Brookfield Asset Management. Gitzel explains how that deal positions the company to benefit from a massive global buildout of reactors — including a landmark $80 billion commitment from the U.S. to expand nuclear capacity.Finally, Gitzel breaks down the next wave of demand: AI and data centers. With electricity needs set to surge, he explains why nuclear’s reliability, long lifespan, and energy security advantages are making it increasingly essential — and why this cycle could look very different from anything the industry has seen before.If this cycle plays out as expected, nuclear won’t just be part of the energy mix — it could become the backbone of the next era of global power.Timestamps02:25: Intro04:50: Best environment for nuclear in over 40 years06:15 Tim Gitzel’s path to Cameco CEO08:30 Fukushima and what’s happened since12:35 What kept Gitzel at Cameco through the lean years?13:45 The new commitment to nuclear power14:50 Cameco’s stake in Westinghouse18:30 Cameco’s partnership with the U.S. government 26:20 Rumours that the U.S. is also working with competitors + cost overrun concerns30:35 ATB Cormark Capital Markets31:05 Cameco in Canada34:00 The war in Iran & impact on nuclear36:35 AI, data centres & nuclear 42:00 Succession planning & Tim’s legacy44:00 Does it all go away if there’s another accident? SponsorsFor over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.Pro Picks is brought to you by ATB Financial. For more information on ATB Cormark Capital Markets visit https://ATB.com/inthemoney ETF Minute is sponsored by BMO ETFs. For more information on BMO’s Asset Allocation ETFs visit: https://bmogam.com/ca-en/products/exchange-traded-funds/asset-allocation-etfs and for more information on BMO’s All-Equity ETF visit: https://www.bmogam.com/ca-en/products/exchange-traded-fund/bmo-all-equity-etf-zeqt/Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypodquestions@inthemoneypod.comDISCLAIMERS 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 The ETF Minute is sponsored by BMO Exchange Traded Funds. Amber Kanwar is compensatedunder this arrangement by BMO ETFs.This video is for information purposes only. The information contained herein is not, and shouldnot be construed as investment, tax or legal advice to any party. Particular investments and/ortrading strategies should be evaluated and professional advice should be obtained with respectto any circumstance.Commissions, management fees and expenses all may be associated with investments inexchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs beforeinvesting. The indicated rates of return are the historical annual compounded total returnsincluding changes in unit value and reinvestment of all dividends or distributions and do not takeinto account sales, redemption, distribution or optional charges or income taxes payable by anyunitholder that would have reduced returns. Exchange-traded funds are not guaranteed, theirvalues change frequently and past performance may not be repeated.For a summary of the risks of an investment in the BMO ETFs, please see the specific risks setout in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value andmay trade at a discount to their net asset value, which may increase the risk of loss.Distributions are not guaranteed and are subject to change and/or elimination.BMO ETFs are managed by BMO ...
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    50 mins
  • Dividend Growth in a Time of War

    Dividend Growth in a Time of War
    Mar 26 2026
    Dividend growth is supposed to be the safe corner of the market — but what happens when geopolitics, inflation shocks, and an evolving AI trade collide all at once?In this episode of In the Money with Amber Kanwar, Amber sits down with Amritha Kasturirangan, Co-Lead Portfolio Manager of the Franklin U.S. Rising Dividends Fund at Franklin Templeton, to break down how she’s navigating markets in a time of war. Running a $30 billion strategy built on dividend growth, she explains why she’s not chasing yield — but instead using consistent dividend growth as a signal of resilient, high-quality businesses that can hold up through uncertainty.The conversation dives into how the market narrative has shifted from early-year optimism to geopolitical anxiety, and what that means for investors. Amritha walks through her framework for thinking about the Iran conflict, why she believes markets may be overpricing worst-case scenarios in private credit, and how the AI trade is evolving beyond mega-cap tech into real-world productivity gains. She highlights companies like Walmart (WMT) and Goldman Sachs (GS) as examples of how AI is moving beyond infrastructure into productivity — a shift she sees as both healthy and investable. She also explains why this environment is creating opportunities — not reasons to panic — for long-term investors focused on quality and durability.In the Mailbag, Amritha breaks down Microsoft (MSFT) and why it remains a long-term winner despite the recent selloff, Nasdaq (NDAQ) and whether exchanges are truly at risk from AI disruption, Stryker (SYK) and why a recent cyberattack isn’t a reason to sell, D.R. Horton (DHI) and the long-term case for homebuilders despite rate pressure, and ExxonMobil (XOM) and how to think about energy stocks in the context of geopolitical shocks.In Pro Picks, she starts with Parker-Hannifin (PH), a self-help industrial story being re-rated as a long-term compounder with exposure to aerospace and defense. Next is Analog Devices (ADI), an under-the-radar chipmaker benefiting from secular trends like automation, EVs, and the Internet of Things. And finally, Ross Stores (ROST), an off-price retailer with a powerful “treasure hunt” model, improving execution, and a new growth flywheel driven by marketing and a younger consumer — all while continuing to deliver strong dividend growth.This is a playbook for investing when uncertainty is high: focus on resilience, stay disciplined, and use volatility to your advantage.Timestamps00:00 Trailer02:20 Intro 04:00 Franklin Templeton’s dividend growth strategy 06:35 Dividend growth in a time of war 10:10 Private credit & software challenges 17:25 How big is the private credit/equity problem? 20:45 ETF Minute: Hamilton’s QMVP22:15 ITM Mailbag: Microsoft stock (MSFT) 26:25 Walmart stock (WMT) 26:45 Nasdaq stock (NDAQ)31:10 Stryker stock (SYK)36:35 D.R. Horton stock (DHI) 39:25 Exxon Mobil stock (XOM)42:05 Amritha’s Pro Picks (PH, ADI, ROST) SponsorsFor over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.Pro Picks is brought to you by ATB Financial. For more information on ATB Cormark Capital Markets visit https://ATB.com/inthemoney ETF Minute is sponsored by Hamilton ETFs. To learn more about the HAMILTON CHAMPIONS™ U.S. Technology Index ETF, visit https://hamiltonetfs.com. Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypodquestions@inthemoneypod.comDISCLAIMERS The content 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 this episode we discuss Microsoft which is a stock Amber owns. Hamilton ETFs DisclaimerThe ETF Minute is sponsored by Hamilton ETFs. This video is for general informational purposes only and not personalized investment advice. The index performance returns are for illustrative purposes only and are not indicative of the future returns of the ETF(s). The returns do not reflect any management fees, transaction costs or expenses. Investors cannot invest directly in an index.Certain statements contained in this video may constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking ...
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    50 mins
  • “Multi-Baggers Everywhere” – How to Be Optimistic in a Market Sell-Off

    “Multi-Baggers Everywhere” – How to Be Optimistic in a Market Sell-Off
    Mar 24 2026

    Markets are volatile again but is this sell-off creating the next generation of multi-bagger stocks? In this episode of In the Money with Amber Kanwar, Optimist Fund’s Jordan McNamee breaks down why he’s staying aggressively bullish despite market panic driven by AI disruption fears, geopolitical tension with Iran, and rising interest rate uncertainty.

    Jordan explains why today’s market setup may be even more attractive than 2022, highlighting how growth stocks and mid-cap equities are being mispriced despite improving fundamentals, rising earnings, and stronger profitability. He shares how his high-conviction investing strategy focuses on exceptional businesses with long-term upside, ignoring short-term volatility in favour of 5-year compounding opportunities and why market fear is often the best entry point for outsized returns.

    The conversation dives deep into key stock picks and sectors, including why he’s bullish on Carvana (CVNA) as a potential multi-bagger, his growing conviction in Uber (UBER) as a cash flow machine, and opportunities in beaten-down names like Wayfair (W), ThredUp (TDUP), Affirm (AFRM), Toast (TOST), Zscaler (ZS), Latham Group (SWIM), and First Advantage (FA). He also explains why he exited monday.com (MNDY), what he looks for in management teams, and how AI disruption is creating both risk and massive opportunity across software, fintech, and e-commerce.

    From buy now pay later trends and consumer weakness to housing market stagnation, interest rates, and shifting macro conditions, Jordan breaks down how he’s positioning his portfolio and why he’s actively rotating capital into the most mispriced opportunities during this sell-off. He also addresses short seller concerns around Carvana, the impact of fuel prices on Uber, and why hiring trends could drive upside in overlooked sectors.

    If you’re wondering how to invest during a market correction, where the next 5x stocks could come from, and how to think like a long-term investor in a short-term panic cycle, this episode is packed with actionable insights, high-growth stock ideas, and a clear framework for navigating volatility.

    Timestamps
    4:33 Jordan’s Investment Philosophy & 2025 Performance
    9:03 Parallels to 2022 & Portfolio Management Style
    16:01 Buying Zscaler and selling Monday.com
    23:02 2026 Buying Opportunity vs. 2022
    24:08 Uber is a buy
    28:55 Latham Group
    33:34 Affirm
    34:40 Teledyne
    35:05 Pro Picks: Reviewing Carvana, HelloFresh and new ideas: ThredUp, Wayfair, First Advantage


    Sponsors

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

    Pro Picks is brought to you by ATB Financial. For more information on ATB Cormark Capital Markets visit https://ATB.com/inthemoney

    Links

    https://inthemoneypod.com/

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

    https://twitter.com/inthemoneypod

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    DISCLAIMERS

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


    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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    58 mins
  • Why This Startup Wants to Disrupt Global Commodity Trading

    Why This Startup Wants to Disrupt Global Commodity Trading
    Mar 19 2026
    The world is entering a new era of commodity volatility — and the infrastructure that powers global markets may be overdue for a redesign. Josh Crumb, Founder & CEO of Abaxx Technologies, joins In the Money with Amber Kanwar to explain why he believes the next generation of commodity markets will look very different from the ones investors rely on today.Abaxx is building both a commodity exchange and a technology platform designed to modernize how physical commodities trade and settle globally. The company focuses on markets that have been historically underserved by traditional exchanges — including liquefied natural gas (LNG), battery metals, environmental products and precious metals. A key difference is Abaxx’s emphasis on physically deliverable contracts, meaning traders can take or deliver real commodities rather than simply trading cash-settled price indexes — a structure Crumb argues is critical for balancing supply and demand in increasingly volatile markets.Crumb, a former commodities strategist at Goldman Sachs who previously worked with the Lundin Group, explains why today’s geopolitical shocks — from LNG disruptions to energy security concerns — are exposing weaknesses in how commodities are currently traded. He argues that as the world moves from “just-in-time” supply chains to “just-in-case” inventories, companies will need more sophisticated ways to hedge physical risk across energy, metals and environmental markets.The company has attracted significant investor attention as it attempts to build that infrastructure. Abaxx shares have been volatile, rising sharply over the past year before pulling back, with the company still in the early stages of revenue generation as it builds liquidity on its exchange and expands its network of traders and banks. Crumb addresses the stock’s big moves, the elevated short interest, and why he believes investors should focus on the long-term milestones — including trading volumes, new product launches, and institutional adoption — rather than short-term share price swings.Beyond the exchange itself, Crumb explains the company’s ID++ technology, which aims to enable real-time movement of collateral using tokenized financial assets like gold or Treasury-backed instruments. The goal: allow markets to operate 24/7 while managing risk more efficiently than traditional clearing systems, potentially reshaping how institutional markets settle trades in the future.Finally, Crumb shares his views on the structure of the gold market, the future of LNG trading hubs, and why energy security — not just the energy transition — is now reshaping commodity markets worldwide.Timestamps00:00 Intro02:30 The market structure for commodities & a new exchange06:15 Addressing underserved markets like LNG & the physical delivery component 10:40 Has the business seen a boost after events in Iran? And how does the business evolve?13:50 The stock & business growth17:40 key milestones investors should be aware of 19:50 Abaxx’s cash position 21:35 What is the ID++ system?26:40 Is Abaxx ripe for a takeover?28:15 Commodity outlook & gold 31:00 Environmental markets & battery metals tradingSponsorsFor 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. For more information on ATB Cormark Capital Markets visit https://ATB.com/inthemoney Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypodquestions@inthemoneypod.comDISCLAIMERS 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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    35 mins
  • The Optimistic Regulator: Canada’s Banking System is Strong — But Here’s What Keeps Regulators Up at Night

    The Optimistic Regulator: Canada’s Banking System is Strong — But Here’s What Keeps Regulators Up at Night
    Mar 17 2026

    Recorded on March 5, 2026

    Canada’s banking system is often described as one of the strongest in the world — but even strong systems face real risks. Peter Routledge, Superintendent of Financial Institutions, joins In the Money with Amber Kanwar for a rare conversation about the health of Canada’s financial system and what still keeps the country’s top banking regulator up at night.

    Routledge discusses the key risks his office is watching closely right now — from rising U.S.-Canada trade tensions to vulnerabilities in Canada’s mortgage market. He explains how regulators think about household debt, refinancing risk, and the resilience of borrowers as higher rates work their way through the system. At the same time, he stresses that Canadian banks are entering this period from a position of strength and have ample capital to absorb shocks, a core reason he believes the system remains resilient.

    The conversation also explores emerging risks building outside traditional banking, including the rapid growth of private credit and private equity, areas where regulators are paying closer attention as banks deepen their exposure through financing, partnerships, and fund investments. Routledge also explains how OSFI is adapting supervision for a faster-moving financial world, why regulators are pushing institutions to strengthen resilience before problems emerge, and how capital buffers and stress testing help ensure Canada’s financial institutions can withstand unexpected disruptions.

    Routledge also reflects on his tenure leading Canada’s banking watchdog — which has two years remaining — and why he has actually grown more optimistic about the strength of the system during that time. Despite a more uncertain economic backdrop, he explains why he believes Canada’s banks and insurers are better prepared than ever to handle whatever comes next.

    Timestamps

    01:20 Intro
    03:40 How the regulator is thinking about the banking sector
    05:50 What is the key to the banks strength & safety?
    08:50 Bank fears around NAFTA 2.0
    12:30 Risks in the mortgage market
    17:00 Defending the stress test
    24:30 Are the banks overcapitalized?
    27:10 OSFI’s Annual Risk Outlook
    28:30 Risks in private equity & private credit
    36:00 Increasing competitiveness in the banking sector

    43:20 Why did the regulator green light consolidation?
    45:30 Peter’s thoughts on board responsibility
    48:00 How has Carney informed priorities?
    51:00 How Peter has evolved as regulator


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

    Pro Picks is brought to you by ATB Financial. For more information on ATB Cormark Capital Markets visit https://ATB.com/inthemoney

    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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    57 mins
  • Iran’s Oil Crisis Could Send Prices to $200 — Is Canada the Big Winner?

    Iran’s Oil Crisis Could Send Prices to $200 — Is Canada the Big Winner?
    Mar 12 2026
    The oil market has been rocked by escalating tensions in the Middle East, massive price swings, and a growing debate over whether the world is heading into a full-blown energy shock. In this special two-part episode of In the Money with Amber Kanwar, we bring you perspectives from both sides of the market.First, Josh Young, Portfolio Manager at Bison Investments, breaks down the crisis from the buy side, explaining why he believes the oil market was already tightening long before the latest geopolitical escalation and why the risk of a major supply shock is being underestimated. He walks through what could happen if disruptions in the Strait of Hormuz persist — including his view that if the strait were to remain closed for roughly 60 days, oil prices could surge to new all-time highs. Josh also explains why energy stocks may still have significant upside and how he’s positioning his portfolio to capture asymmetric opportunities in the sector. He also notes that higher global oil prices could be particularly positive for Canadian oil producers, which stand to benefit from stronger crude pricing and increased demand for secure supply outside the Middle East. In Pro Picks, Josh highlights Crescent Energy (CRGY), which he describes as a “Moneyball”-style operator buying and improving undervalued assets; Ensign Energy Services (ESI.TO), an oilfield services company he believes is being overly punished for its Middle East exposure despite strong free cash flow; and Journey Energy (JOY.TO), a small-cap Canadian producer he says still has meaningful upside driven by its Duvernay exposure and potential takeover interest.Then we shift to the sell side with Patrick O’Rourke, Managing Director, Institutional Equity Research at ATB Cormark Capital Markets, who explains how analysts and institutional investors are interpreting the crisis — with a particular focus on what it means for Canadian oil prices and producers. Patrick breaks down why crude volatility has been concentrated at the front end of the curve, why energy equities haven’t fully reacted yet, and how investors are trying to determine whether higher oil prices will last. He also explains how global supply disruptions are tightening Canadian heavy oil differentials, improving realized prices for Canadian crude, and increasing demand for barrels that can reach the Gulf Coast or Asian markets.From geopolitical risk to Canadian energy policy to the stocks investors are watching closely, this episode takes you inside the biggest debate in energy markets right now—whether this is just another oil spike or the beginning of a much larger structural shift.Timestamps00:00 Trailer02:20 Intro 04:40 The buy side view: How we could see $200 oil 07:30 What about demand destruction? 09:40 Shocking for the U.S. President to flat out lie 12:00 Implications for midterm elections 14:00 IEA releasing 400M barrels 16:15 Expectations for a premium in crude 18:00 Why aren’t energy stocks reacting? 19:45 Is Josh investing like oil is going to $200? 5X opportunities 23:00 Now Josh is more favourable to Canadian energy stocks 24:00 Josh’s Pro Picks (JOY, ESY, CRGY) 44:15 The sell side view48:00 Why haven’t Canadian oil & gas stocks responded 50:35 What would lead to a higher for longer oil price? 54:00 Implications for Canadian crude prices 57:00 Could production from Canada go any way to support the deficit? 58:20 What names are best positioned to ride out the volatility? SponsorsFor over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.Pro Picks is brought to you by ATB Financial. For more information on ATB Cormark Capital Markets visit https://ATB.com/inthemoney Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypodquestions@inthemoneypod.comDISCLAIMERS 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 ...
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    1 hr and 3 mins
  • Small-Cap Season: Stocks That Can Double in 3-5 Years

    Small-Cap Season: Stocks That Can Double in 3-5 Years
    Mar 10 2026
    Small caps are finally having their moment — and according to Greg Dean, Founder & Lead Investor at Langdon Equity Partners, the opportunity set may be bigger than most investors realize. In this episode of In the Money with Amber Kanwar, Greg explains why he focuses exclusively on global small-cap companies and how he searches the world for businesses that can potentially double over the next 3–5 years. He shares the disciplined framework behind his strategy, why he avoids highly leveraged businesses, and why volatility and market stress often create the best entry points for long-term investors.The conversation also dives into the big debate around software valuations and how the market is reassessing the long-term value of many tech companies. Greg walks through his view on the selloff in enterprise software and discusses what investors may be missing about durable software franchises. The discussion includes Constellation Software (CSU.TO) and why its acquisition-driven model and disciplined capital allocation have made it one of the most resilient compounders in the market.In the Mailbag, Greg weighs in on a wide range of stocks across sectors. He shares his perspective on TerraVest Industries (TVK.TO) and why its acquisition-driven model has created significant value but now trades at a premium. He discusses retailer Group Dynamite (GRGD.TO), a Canadian success story with strong same-store sales growth but a valuation that reflects much of the optimism. Greg also breaks down why he likes A&W Food Services (AW.TO) as a capital-light restaurant and royalty business with an attractive yield and steady growth. The conversation also touches on U.S. insurance distributor Goosehead Insurance (GSHD) and the debate around AI disruption, as well as Canadian financial names EQB Inc. (EQB.TO) and Dominion Lending Centres (DLCG.TO) and how the evolving mortgage and lending landscape could shape their outlook.For his Pro Picks, Greg highlights three high-conviction ideas he believes have strong long-term upside. First is YETI Holdings (YETI), where he sees a misunderstood brand expanding beyond drinkware into bags, coolers and international markets. Next is Royal Unibrew (RBREW.CO), a European beverage company producing and distributing beer, soft drinks and other beverages across several markets. Finally, he discusses Hypoport (HYQ.DE), a German fintech platform that connects banks and brokers through mortgage software and could see meaningful earnings growth as housing volumes recover.If the market rotation into smaller companies continues, Greg believes the real opportunity may be in high-quality small caps that investors have never heard of — but that could quietly compound for years to come.Timestamps00:00 Trailer 02:25 Intro05:20 Greg’s approach to investing & starting Langdon 06:50 The merits of investing in global small-caps 08:10 How does he think about the current tensions? 10:50 Fund performance 13:40 What criteria is Greg looking for? 15:20 Thinking about software 18:00 CSU & the new terminal value of software 21:40 ITM Mailbag: Terravest Industries stock (TVK) 25:40 Groupe Dynamite stock (GRGD)30:50 A&W Food Services (AW) 34:30 Goosehead Insurance (GSHD) 42:00 EQB Inc (EQB) 46:00 Dominion Lending (DLCG) 49:30 Greg’s Pro Picks (YETI, RBREW, HYG) SponsorsFor over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.Pro Picks is brought to you by ATB Financial. For more information on ATB Cormark Capital Markets 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/@inthemoneypodquestions@inthemoneypod.comDISCLAIMERS 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 this episode we discuss Constellation Software which is a stock Amber owns. 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 #...
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    1 hr and 4 mins
  • Oil Shock: Eric Nuttall Says the Market is Dangerously Complacent

    Oil Shock: Eric Nuttall Says the Market is Dangerously Complacent
    Mar 5 2026
    The oil market just got a historic geopolitical shock — and Eric Nuttall says market complacency is creating a major opportunity in energy stocks.Geopolitics has jolted the oil market — but according to Eric Nuttall, the real story for investors was already unfolding long before the latest headlines. The Partner & Senior Portfolio Manager at Ninepoint Partners, joins In the Money with Amber Kanwar for an emergency session to break down the implications of the Iran crisis, why the market may be dangerously complacent about global oil supply, and why he believes energy stocks remain in a multi-year bull market. Eric explains why the widely anticipated oil “super-glut” never materialized, why U.S. shale production may have plateaued, and why long-dated oil reserves could become increasingly valuable in the years ahead. He also discusses why energy stocks have pulled back despite rising geopolitical risks and why patient investors could still see significant upside in the sector.Before getting to the Mailbag, Amber asks Eric about Strathcona Resources (SCR), a stock he says he bought this week. Eric explains why he’s attracted to the company’s long-life reserves and discounted valuation compared with larger peers like Canadian Natural Resources (CNQ). The purchase comes even after Eric opposed the company’s now failed bid to buy MEG Energy (MEG). He explains why he sees compelling value in Strathcona today and why companies with deep, long-dated reserves could benefit the most if oil prices rise.In the Mailbag, Eric tackles viewer questions starting with Baytex Energy (BTE), explaining why he doesn’t regret selling it and why the company’s recent rally reflects buybacks and a cleaner balance sheet after exiting the Eagle Ford. He then discusses Tamarack Valley Energy (TVE), where strong economics and improving results have driven a major run in the stock. From there he responds to a question on Logan Energy (LGN), warning that going too far down the market-cap spectrum can leave investors stuck in stocks without enough institutional buying power to drive a rerating. He then shares his thesis on Cenovus Energy (CVE) following its acquisition of MEG Energy (MEG), before turning to natural gas with Birchcliff Energy (BIR) and ARC Resources (ARX), where he explains why he’s currently less enthusiastic about Canadian gas. The Mailbag wraps with a blunt take on Surge Energy (SGY).In Pro Picks, Eric first reflects briefly on some of his past ideas on the show — including Veren (VRN), MEG Energy (MEG), and NuVista Energy (NVA) — all of which were ultimately taken out, though he says he would rather see the full investment thesis play out than rely on M&A. Today he shares three current high-conviction ideas: Whitecap Resources (WCP), Athabasca Oil (ATH), and Ovintiv (OVV). He explains why Whitecap remains his largest holding thanks to its long inventory runway and discounted valuation, why Athabasca’s deep reserve base could become increasingly strategic in a tightening oil market, and why Ovintiv’s cleaner asset base and aggressive share buybacks could drive a meaningful re-rating if the company attracts more long-term institutional investors.Timestamps00:00 Trailer02:30 Intro05:00 Iran war implications for oil 06:45 Domestically Trump needs lower energy prices09:45 Where do oil prices go?12:20 Why are energy stocks selling off? 15:00 What Eric saw in Saudi Arabia16:45 Why Eric was already bullish oil 22:00 Why Eric bought Strathcona (SCR) this week 27:00 Eric’s defence of the energy sector on parliament hill 31:00 ITM Mailbag: Baytex stock (BTE)33:30 Tamarack Valley Energy stock (TVE)35:00 Logan Energy stock (LGN) 37:50 Cenovus Energy stock (CVE)39:30 Birchcliff Energy stock (BIR)42:00 Arc Resources stock (ARX) 44:00 Surge Energy (SGY) 46:00 Eric’s Pro Picks ( WCP, ATH, OVV)SponsorsFor over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.Pro Picks is brought to you by ATB Financial. For more information on ATB Cormark Capital Markets visit https://ATB.com/inthemoney Linkshttps://inthemoneypod.com/ https://instagram.com/inthemoneypodhttps://facebook.com/profile.php?id=61569721774740 https://twitter.com/inthemoneypod https://tiktok.com/@inthemoneypodquestions@inthemoneypod.comDISCLAIMERS 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 this episode we discuss Canadian Natural Resources and Tamarack Valley Energy which are both stocks ...
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