Value stocks are back and Canadian equities may finally be
getting the recognition they deserve. In this episode of In the
Money with Amber Kanwar, 40-year market veteran Kim Shannon,
founder of Sionna Investment Managers, shares why she believes
Canada and value investing are poised to outperform in the next
decade, despite the market’s obsession with AI, growth, and U.S.
mega caps.
Kim argues that we’re in the midst of a speculative market, with
U.S. indexes trading at historically high P/E multiples. She
points to the Schiller P/E as a warning signal, suggesting that
U.S. equity returns could average just 1% over the next 10 years
compared to 5–7% for Canada. With inflation sticking around, she
explains why value stocks, especially in resource-rich,
dividend-heavy markets like Canada, have the edge.
In the mailbag, Kim breaks down some of her current views on
Canadian Tire (CTC.A) as a defensive retail name with a 4% yield,
Alimentation Couche-Tard (ATD) as a compounder that’s been
temporarily punished for its failed 7-Eleven bid, and CN Rail
(CNR) as a long-term winner getting more attractive. She also
discusses Rogers (RCI.B) and Quebecor (QBR.B), the telcos she
likes, and explains why she’s avoiding REITs for now due to debt
and lack of catalysts.
Then, in her Pro Picks segment, Kim reveals three high-conviction
ideas: Bank of Nova Scotia (BNS) as a turnaround story in
Canadian banking, Cenovus Energy (CVE) as a disciplined energy
name with acquisition upside, and she lays out her gold strategy
with Agnico Eagle (AEM) and Barrick Mining (ABX), marking a rare
moment where she’s market-weight gold for the first time in her
career.
Whether you’re looking for dividend-paying Canadian stocks,
worried about U.S. tech valuations, or exploring ways to hedge
against interest rate risk and inflation, this episode is packed
with insights from one of Canada’s most respected value
investors.
Recorded on: Wednesday September 10th,
2025
Timestamps
00:00 Show intro and info on swag giveaway
02:25 Kim says the world needs to wake up on Canadian and value
stocks
04:30 Reconciling negative headlines on Canada and optimism on
stocks
07:00 Why we’re in the third biggest speculative market this
century
09:30 Why the U.S. market is likely reaching a peak
10:55 Is Kim a perma-bull on Canadian value?
13:00 You can see a recovery in value in Canada and Europe
15:00 The risk of rate cuts in this environment
20:50 ITM Mailbag: Canadian Tire stock (CTC.A.TO)
25:10 Couche-Tard stock (ATD.TO)
29:20 Are tariffs affecting where Kim wants to pull the
trigger?
32:00 Does Kim have a favourite Canadian telco stock? (RCI.B,
QBR.B, BCE)
36:15 Why Kim doesn’t own any REITs right now
38:00 Canadian railroad stocks (CN.TO, CP.TO)
42:40 Pro Picks (BNS.TO, CVE.TO, AEM.TO, ABX.TO)
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
Links
https://inthemoneypod.com/
https://instagram.com/inthemoneypod
https://facebook.com/profile.php?id=61569721774740
https://twitter.com/inthemoneypod
https://tiktok.com/@inthemoneypod
questions@inthemoneypod.com
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.
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.
Contact: questions@inthemoneypod.com
#IntheMoney #Investing #StockMarket #CanadianInvesting
#FinancialNews
Kommentare (0)
Melde dich an, um einen Kommentar zu schreiben.