Global government spending is reshaping the investing
landscape—but are you following where the money is actually
going? While everyone is focused on AI, Bryden Teich, Chief
Investment Officer at Avenue Investment Management, argues the
biggest market story is the massive fiscal spending boom
unfolding across Canada, the U.S., and around the world. He
explains why industrials, financials, energy infrastructure, and
other resilient businesses stand to benefit, why he's still
bullish on Canada despite recent economic challenges, why he's
underweight big tech, why he trimmed gold after its surge, and
how he builds a portfolio designed to perform through changing
market cycles.
In the mailbag, Bryden answers viewer questions on Canadian
banks, including why National Bank (NA) and Royal Bank (RY)
remain his favourites, whether it's time to buy beaten-down
software names like Thomson Reuters (TRI), Accenture (ACN), and
Intuit (INTU) after the AI selloff, opportunities in healthcare
through Boston Scientific (BSX), GE HealthCare (GEHC), and
Medpace (MEDP), plus his outlook on Canadian Natural Resources
(CNQ), South Bow (SOBO), Enbridge (ENB), WSP Global (WSP), and
Stantec (STN), and what investors should watch before jumping
into energy infrastructure projects.
In Pro Picks, Bryden shares three high-conviction ideas built
around resilient, cash-generating businesses: AutoZone (AZO),
Medpace (MEDP), and Bath & Body Works (BBWI). He explains why
these companies can thrive even if economic growth slows, how
strong capital allocation creates shareholder value, and why
consistency—not chasing the hottest trend—is the key to
compounding wealth over time.
Timestamps
00:00 Trailer
02:00 Intro
02:40 Better days ahead for the Great White North
04:40 What does a Canada strong portfolio look like ?
06:40 The Canadian banks
11:40 Fiscal spending is the story of the year
16:40 The rate picture & gold
20:40 Why he’s underweight tech & AI
23:55: Hamilton Enhanced Mixed Asset Allocation ETF- MIX
26:00: ITM Mailbag: Thomson Reuters stock (TRI)
31:00 Boston Scientific, GE Healthcare & Medpace (BSX, GEHC,
MEDP)
35:30 Canadian Natural Resources stock (CNQ)
37:50 Southbow stock (SOBO)
41:05: Enbridge stock (ENB)
46:40 WSP Global stock (WSP)
49:25 National Bank stock (NA)
53:05 Bryden’s Pro Picks (AZO, TIH, ATD)
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. Visit
https://ATB.com/inthemoney for more information
The mailbag is sponsored by Hamilton ETFs. For more information
on the Hamilton Enhanced Mixed Asset Allocation ETF visit:
https://hamiltonetfs.com/etf/mix/
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