The Canadian Investor

In this episode of The Canadian Investor Podcast, Simon and Dan break down a busy week of Canadian dealmaking, including the kmassive Emera–Canadian Utilities merger, Cenovus buying Athabasca Oil, and another major acquisition involving the Weston family.
They also revisit Cobre Panama, where the outlook for First Quantum and Franco-Nevada now appears considerably more optimistic than initially thought, with a commission proposing decades of continued production before the mine is ultimately closed.
On the earnings front, Micron is benefiting from extraordinary memory pricing and AI demand, while Nike’s turnaround continues to struggle with falling sales, weakness in China and continued pressure on its brand. They finish with Carnival and AutoZone, including what both companies are revealing about inflation and the health of the consumer.
Stocks discussed: MU, NKE, CCL, AZO, EMA.TO, CU.TO, ACO.X.TO, CVE.TO, ATH.TO, FM.TO, FNV.TO
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This podcast Ad Read is intended for information purposes only. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment, tax, or legal advice to any party. Particular investments and/or trading strategies should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance. Past performance is no guarantee of future results. The viewpoints expressed by the speaker represent their assessment of the markets at the time of recording . Those views are subject to change without notice at any time. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set out in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination. BMO ETFs are managed by BMO Asset Management Inc., an investment fund manager, a portfolio manager, and a separate legal entity from Bank of Montreal.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. “BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under
licence.
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What causes a dominant company to lose an advantage that once looked almost impossible to disrupt?
In this episode of The Canadian Investor Podcast, Simon and Dan look at four companies that were once leaders in their industries but made strategic decisions that helped erode their competitive advantages. From AOL failing to adapt to the open internet and BlackBerry reacting too slowly to the smartphone revolution, to Mylan aggressively raising EpiPen prices and Nike pulling back from the wholesale relationships that helped make its brand ubiquitous.
They break down the management mistakes behind each decline and, more importantly, the warning signs investors can watch for when a successful company begins taking its moat for granted
Stocks discussed: NKE, BB, VTRS
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Canadian Investor Podcast Network Twitter: @cdn_investing
Simon’s twitter: @Fiat_Iceberg
Braden’s twitter: @BradoCapital
Dan’s Twitter: @stocktrades_ca
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This podcast Ad Read is intended for information purposes only. The information provided
herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should
the information be relied upon as investment, tax, or legal advice to any party. Particular
investments and/or trading strategies should be evaluated relative to the individual’s investment
objectives and professional advice should be obtained with respect to any circumstance. Past
performance is no guarantee of future results.
The viewpoints expressed by the speaker represent their assessment of the markets at the time
of recording . Those views are subject to change without notice at any time.
Commissions, management fees and expenses all may be associated with investments in
exchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before
investing. Exchange-traded funds are not guaranteed, their values change frequently and past
performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set
out in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value and
may trade at a discount to their net asset value, which may increase the risk of loss.
Distributions are not guaranteed and are subject to change and/or elimination.
BMO ETFs are managed by BMO Asset Management Inc., an investment fund manager, a
portfolio manager, and a separate legal entity from Bank of Montreal.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc.
and BMO Investments Inc. operate.
“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under
licence.
See omnystudio.com/listener for privacy information.

The AI spending boom is reshaping much more than the technology sector.
In this episode of the Canadian Macro Show, Simon, Dan and Brayden discuss why massive AI infrastructure spending is increasingly competing for capital, how that could be contributing to higher bond yields and borrowing costs, and why hyperscalers are increasingly turning to debt to fund the buildout. They also look at how dramatically the business models of companies like Microsoft, Alphabet, Amazon, Meta and Oracle have changed as capital expenditures surge.
They then debate the biggest unanswered question in AI: where do the profits ultimately come from? The conversation covers consumer adoption, AI agents, enterprise use cases, advertising, Chinese competition and whether today's spending can eventually generate adequate returns—or whether parts of the boom are headed for a major reset.
Plus, they discuss Canada's potential advantage from abundant energy and natural resources, what rising bond yields could mean for mortgages and housing, and why Oracle may be one of the more vulnerable players if the AI buildout runs into physical or financial constraints.
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Canadian Investor Podcast Network Twitter: @cdn_investing
Simon’s twitter: @Fiat_Iceberg
Braden’s twitter: @BradoCapital
Dan’s Twitter: @stocktrades_ca
Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast!
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Asset Allocation ETFs | BMO Global Asset Management
This podcast Ad Read is intended for information purposes only. The information provided
herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should
the information be relied upon as investment, tax, or legal advice to any party. Particular
investments and/or trading strategies should be evaluated relative to the individual’s investment
objectives and professional advice should be obtained with respect to any circumstance. Past
performance is no guarantee of future results.
The viewpoints expressed by the speaker represent their assessment of the markets at the time
of recording . Those views are subject to change without notice at any time.
Commissions, management fees and expenses all may be associated with investments in
exchange-traded funds. Please read the ETF Facts or prospectus of the BMO ETFs before
investing. Exchange-traded funds are not guaranteed, their values change frequently and past
performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs, please see the specific risks set
out in the BMO ETF’s prospectus. BMO ETFs trade like stocks, fluctuate in market value and
may trade at a discount to their net asset value, which may increase the risk of loss.
Distributions are not guaranteed and are subject to change and/or elimination.
BMO ETFs are managed by BMO Asset Management Inc., an investment fund manager, a
portfolio manager, and a separate legal entity from Bank of Montreal.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc.
and BMO Investments Inc. operate.
“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under
licence.
See omnystudio.com/listener for privacy information.

In this episode of The Canadian Investor Podcast, Simon and Dan break down a packed week of market news, starting with the latest developments at the Cobre Panama mine and what an orderly closure could mean for First Quantum and Franco-Nevada. Pasted text
They also dig into the controversial acquisition of Slate Grocery REIT, including the timing of its distribution suspension just days before a takeover was announced. From there, they look at Oracle invoking force majeure on a massive AI data centre project and what growing power, permitting and infrastructure bottlenecks could mean for the broader AI buildout.
Finally, they discuss Anthropic’s potential $2 trillion IPO valuation, extended trading hours coming to Canadian markets, and why FICO’s long-standing regulatory moat is suddenly under serious pressure as VantageScore gains traction.
Stocks discussed: FM.TO, FNV.TO, SGR.UN.TO, BRX, ORCL, OWL, X.TO, FICO

Subscribe to Our New Youtube Channel!
Check out our portfolio by going to Jointci.com
Our Website
Canadian Investor Podcast Network Twitter: @cdn_investing
Simon’s twitter: @Fiat_Iceberg
Braden’s twitter: @BradoCapital
Dan’s Twitter: @stocktrades_ca
Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast!
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Asset Allocation ETFs | BMO Global Asset Management
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Discount retailers are benefiting as consumers increasingly look for value—but not every discount business is created equal.
In this episode, we rank 12 major discount retailers from S to F tier based primarily on business quality. We look at margins, returns on capital, competitive advantages, private-label strategies, store expansion and the business models that separate the strongest operators from the struggling ones.
We also dig into why TJX’s opportunistic buying model is so effective, what makes Costco and Walmart difficult to compete with, and why aggressive store expansion has backfired for some retailers.
Stocks discussed: DLTR, DOL.TO, FIVE, DG, SVV, WINA, TJX, TGT, WMT, COST, MRU.TO, L.TO
Subscribe to our Our New Youtube Channel!
Check out our portfolio by going to Jointci.com
Our Website
Our New Youtube Channel!
Canadian Investor Podcast Network Twitter: @cdn_investing
Simon’s twitter: @Fiat_Iceberg
Braden’s twitter: @BradoCapital
Dan’s Twitter: @stocktrades_ca
Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast!
Apple Podcast - The Canadian Real Estate Investor
Spotify - The Canadian Real Estate Investor
Web player - The Canadian Real Estate Investor
Asset Allocation ETFs | BMO Global Asset Management
Sign up for Fiscal.ai for free to get easy access to global stock coverage and powerful AI investing tools.
Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.
See omnystudio.com/listener for privacy information.