Podcasts · In the Money with Amber Kanwar
The Great Investment Showdown: Canada vs. The World
· 40 min · Episode 179
Episode The Great Investment Showdown: Canada vs. The World
Canada vs. The World: Where should investors put their money now? Canadian stocks have outperformed the U.S. over the past year, but after a powerful rally in banks, energy and materials, is there still room to run? Or are the better opportunities now overseas? With valuations climbing, bond yields rising and investors questioning the dominance of U.S. equities, the global investment landscape is shifting.
In this special episode of In the Money with Amber Kanwar, recorded in Vancouver, we're staging the great investment showdown with Kevin McSweeney and Matthew Strauss, Co-Heads of Equities at CI Global Asset Management. Kevin makes the case for Canada as a potential turnaround story, while Matthew takes us around the world to uncover opportunities in Europe, Asia and emerging markets. They discuss whether Canada's renewed focus on energy, infrastructure and attracting foreign investment could mark a turning point for the economy—and whether global investors are actually putting money behind the Canadian comeback.
But after a remarkable rally, are Canadian stocks getting too expensive? Kevin explains why he's taking profits in Canadian banks, where he's still finding value in energy and why rising interest rates could actually work in Canada's favour. Matthew makes the case for international diversification, highlighting opportunities in European banks, emerging markets and countries undergoing their own economic transformations.
And what about the biggest investment theme of all—artificial intelligence? With the Magnificent Seven dominating U.S. markets, both managers explore how to invest in the AI revolution beyond Silicon Valley. From Canadian power producers and engineering firms to semiconductor manufacturers in Taiwan and South Korea, they reveal where the next wave of AI investment could create opportunities.
Finally, with U.S. bond yields and the dollar moving higher, could Canada emerge as a relative safe haven for investors? Or will international markets offer better returns in the years ahead?
Timestamps 0:00 Trailer: Canada vs. the world
1:51 Welcome from Vancouver
3:57 Meet Kevin McSweeney and Matthew Strauss
4:56 Why Canadian equities outperformed
7:09 International markets: commodities, EM and the AI supply chain
8:58 Financials and energy: are they too expensive?
11:11 Energy at home and abroad: Argentina shale and pipelines
13:43 Trimming Canadian winners and redeploying into laggards
14:35 European banks: Société Générale and UniCredit
20:00 Canada as a turnaround story
23:23 Playing AI in Canada: Celestica, power and engineering firms
27:20 Playing AI internationally: ASML, Korea, Taiwan and Japan
29:16 China's AI race and Alibaba
31:28 Is foreign money really flowing into Canada?
34:28 Emerging markets and rising US yields
35:55 Could Canada be a haven in a US bond tantrum?
37:53 Where to find income
38:19 Closing Bell: what do you do for fun?
Sponsors This episode is sponsored by CI Global Asset Management. For more information visit: https://www.cifinancial.com/ci-gam/ca/en/index.html
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…
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