Markets are in meltdown mode — but Waratah Capital’s Jeannine
LiChong says this isn’t the bottom. In this episode of In the
Money with Amber Kanwar, veteran fund manager Jeannine shares her
strategy for navigating extreme market volatility, tariff
uncertainty, and looming recession risks.
With experience managing money through the 2008 financial crisis
and the COVID market crash, Jeannine explains why she’s holding
cash, staying cautious, and waiting for clarity before buying the
dip. She weighs in on U.S. tariffs, policy instability, central
bank cuts, and structural shifts in the global economy — and how
all of this is impacting investor psychology and portfolio
positioning.
We also go deep into Pro Picks — Jeannine
reveals 3 recession-resistant stocks she’s confident in right
now:
Dollarama (DOL.TO) — a cash-generative
retailer benefiting from consumer trade-down and international
growth.
Intact Financial (IFC.TO) — a defensive
financial stock with pricing power and strong cost control.
Loblaw (L.TO) — a grocery giant leveraging its
No Frills brand and food inflation to grow earnings.
Plus, Jeannine shares her take on Canadian banks, Telus, Capital
Power, Canadian Tire, CN Rail, CP Rail, and TFI International —
all under the lens of slowing GDP growth, and evolving trade
policy.
If you're looking to protect your portfolio, ride out the market
chaos, and uncover long-term opportunities in a downturn, this
episode is a must-watch.
Timestamps
00:00: Intro
01:40 How Jeannine handles the noise as a long-term investor
03:40 Why this time is different than the financial crisis or
covid downturn and why there could eventually be opportunities
07:00 Why Jeannine thinks we won’t see a bottom until markets get
clarity on tariffs
08:55 Why Jeannine likes Canadian equities but has confidence in
the U.S. economy
10:10: Why Jeannine thinks there’s a chance of a U.S. recession
and why she think tariffs are an opportunity for Canada
13:00 What is Donald Trump’s end goal?
14:15 ITM Mailbag: Why Royal Bank (RY.TO) is Jeannine’s top
Canadian bank
17:20 Amid a slowdown in the Canadian economy what are Jeannine’s
thoughts on Canadian Tire (CTC.TO)?
19:35 Does Jeannine like Canadian rail stocks? Is she concerned
about the impact of tariffs on the rail sector? (CNR.TO, CP.TO)
22:45 Jeannine’s thoughts on Telus as a long-term hold
(T.TO)
25:20 Capital Power (CPX.TO) had an incredible run up then a hot
equity raise and then straight down. Why?
28:00 What are Jeannine’s thoughts on TFI International
(TFII.TO)?
30:20 Jeannine’s Pro Picks
Sponsors
This episode is sponsored by BMO InvestorLine. If you’re an
experienced trader, BMO Active Trader is the platform for you.
With advanced tools and capabilities like multi-leg options,
screeners, and strategy builders with margin trades, you’ll have
everything you need to take your trading to the next level,
giving you the edge you need in today’s markets. Learn more at
bmo.com/advancedtrading?ecid=pr-2886232INV1-JNBMO17
For over 25 years, Raymond James has been helping Canadians
achieve their financial goals. Visit raymondjames.ca today to
discover how you can live a life well planned.
Pro Picks is brought to you by ATB Financial. With $62 billion in
assets, ATB Financial is powering possibilities for more than
820,000 financial services clients in Alberta and beyond. Visit
ATB.com/inthemoney for more information
Links
Follow In the Money:
Visit the website: https://inthemoneypod.com/
Submit a question: questions@inthemoneypod.com
Follow In the Money on Instagram:
https://www.instagram.com/inthemoneypod/?hl=en
Facebook:
https://www.facebook.com/profile.php?id=61569721774740
Twitter/X: https://twitter.com/inthemoneypod
TikTok: https://www.tiktok.com/@inthemoneypod?lang=en
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.
BMO DISCLAIMER
Terms and conditions apply. BMO InvestorLine is a wholly owned
subsidiary of Bank of Montreal. Member – Canadian Investor
Protection Fund and Member of the Canadian Investment Regulatory
Organization.
The opinions and views expressed in this presentation are those
of the presenter and not necessarily BMO InvestorLine Inc. This
presentation is prepared as a general source of information and
is not intended to provide legal, investment, accounting or tax
advice, and should not be relied upon in that regard. If legal or
investment advice or other professional assistance is needed, the
services of a competent professional should be obtained. Any
information contained in this presentation does not constitute
and shall not be deemed to constitute advice, an offer to
sell/purchase or as an invitation or solicitation to do so for
any entity. The content of this presentation is based on sources
believed to be reliable, but its accuracy cannot be guaranteed.
BMO InvestorLine Inc. and its affiliates, sponsors and employees
do not accept responsibility for the content and makes no
representation as to the accuracy, completeness or reliability of
the content and hereby disclaims any liability with regards to
the same.
Kommentare (0)
Melde dich an, um einen Kommentar zu schreiben.