{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"In the Money with Amber Kanwar","title":"The Death of Canadian Small Caps: What Happens Next?","html":"","width":"100%","height":180,"duration":3299,"description":"Canadian small caps have been left for dead. After two decades of disappointing performance, shrinking investor interest, and a steady exodus of institutional capital, is there any reason to believe a comeback is coming? Or has the market fundamentally changed for good?\nOn this episode of In the Money with Amber Kanwar, Jeff Tory, Chair, Partner, Director, Portfolio Manager at Pembroke Management, makes the case that Canadian small caps could be approaching a major turning point. He explains how pension funds and retail investors abandoned the sector, why Canada's pipeline of new public companies has nearly dried up, and what it will take to rebuild a market capable of producing the next Shopify. With valuations deeply discounted, renewed interest in investing in Canada, and the potential for capital to return home, Tory believes the opportunities could be greater than investors realize.\nBut he's also refreshingly candid about the challenges. Small-cap returns have struggled to keep pace with the broader market, and cheap stocks can stay cheap for a long time. So why stick with them? Tory explains why diversification, disciplined capital allocation, and finding growing businesses with strong insider ownership could make all the difference. He also questions whether investors chasing the AI boom are overlooking compelling opportunities in smaller, profitable companies.\nIn the Mailbag, Tory weighs in on Cineplex (CGX) and whether its strategic review and a recovering box office could finally unlock value. He explains why the recent selloff in 5N Plus (VNP) hasn't changed his long-term investment thesis, assesses EQB (EQB) following its acquisition of PC Financial, and discusses whether CAE (CAE) is setting up for a successful turnaround.\nIn Pro Picks, Tory shares three high-conviction Canadian investment ideas. He makes the case for Stingray (RAY.A), a misunderstood media business with growing digital advertising opportunities; AGF Management (AGF.B), where he sees...","thumbnail_url":"https://img.transistorcdn.com/er9NR63MREFV6i2rlZX8f-yMY6gNSK83fNUOzBPoSt8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zZmQy/OWMwNmEzY2Y0YTg1/NjM4MjQ3Y2NjMWYy/Zjk1My5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}