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?
Timestamps0:00 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?
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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.
IMPORTANT DISCLAIMERS:
This segment of In the Money with Amber Kanwar with Kevin McSweeney & Matthew Strauss has been paid in part by CI Global Asset Management.
This podcast is provided as a general source of information. The opinion and information provided in this discussion are solely those of the speaker(s) and are not to be used or construed as personal, legal, accounting, taxation or investment advice, or as an endorsement or recommendation of any entity or security discussed or provided by CI Global Asset Management. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment.
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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.
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