In the Money with Amber Kanwar

Election Impact on Your Money | Frances Horodelski, Jim Thorne & Eric Nuttall


Listen Later

In this special episode, we unpack what a Mark Carney-led Liberal minority means for Canadian investors — from markets and monetary policy to energy and geopolitical strategy.

First, Frances Horodelski kicks off with a sharp overview of how the political shift is landing with Bay Street and what the new government signals for confidence and capital markets.


Then, Jim Thorne of Wellington-Altus dives deep into the global economic context — including structural shifts, U.S. relations, and Canada's place in a rapidly changing world. He explores what investors should watch for in policy, growth sectors, and geopolitical risk.


Finally, oil and gas investor Eric Nuttall doesn’t hold back. He shares his unfiltered views on the energy sector under Carney, the fading relevance of net-zero rhetoric, and why Canadian resource stocks could thrive — or suffer — depending on what happens next in Ottawa.


Whether you're managing your portfolio or just trying to make sense of the headlines, this episode delivers key insights you won't want to miss.

 Subscribe for more sharp takes on markets, politics, and your money.


Timestamps
00:00 Show Intro 
02:00 Amber welcomes Frances Horodelski 

05:50 What does Mark Carney mean for U.S.-Canada relations 
07:50 Why does Frances likes the Canadian market right now + her expectations for the Loonie 
11:20 Why Frances doesn’t have conviction right now and what is the turning point? 
16:05 Break: Amber speaks to the CEO of Raymond James Canada about the company’s deep Canadian roots 
17:50 Amber welcomes Jim Thorne and he tells us why he believes Mark Carney is the right guy for the job, but liberal policies have to change  
21:30 Can Canada become a hard power in energy and natural resources? 
23:00 How is Jim viewing U.S.-Canada relations as someone who has spent a number of years working in the U.S. 

26:00 What does a change in the global world order and U.S.-Canada ties look like 5 years from now? 
31:30 Jim’s thoughts on what Prime Minister Carney might be willing to give up to President Trump 
33:30 Jim’s thoughts on Canadian & U.S. banks 
39:20 Did Jim’s investing view change on the back of the election?  

42:15 Amber welcomes energy investor Eric Nuttall and asks how he’s feeling about the election outcome 

44:00 Why so much in the energy space is to be determined 

46:30 How will Nuttall’s concern about Mark Carney show up in his investments 
49:10 Why Eric is still bullish on energy, specifically natural gas, but reducing oil exposure  
55:10 Eric’s thoughts on Trump’s ‘drill baby drill’ 
57:00 What happens with production in Canada? 
58:35 What does the risk of an emissions cap mean for energy stocks? 
1:00:00 What does Eric think about highly recommended stock Canadian Natural Resources (CNQ.TO)? 
1:02:10 Eric’s Past Picks and new Pro Picks 


Sponsors

​​This episode is sponsored by BMO InvestorLine. Open a new BMO InvestorLine account, and you could receive up to $3,500 cash back. It’s a great way to jumpstart your investment plan. Learn more at https://bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16

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

[email protected]

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.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. 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: [email protected]


#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews


...more
View all episodesView all episodes
Download on the App Store

In the Money with Amber KanwarBy Amber Kanwar

  • 5
  • 5
  • 5
  • 5
  • 5

5

2 ratings


More shows like In the Money with Amber Kanwar

View all
Michael Campbell's Money Talks by HPC Inc.

Michael Campbell's Money Talks

96 Listeners

Build Wealth Canada Podcast by Kornel Szrejber: Investor

Build Wealth Canada Podcast

16 Listeners

More Money Podcast by Jessica Moorhouse

More Money Podcast

114 Listeners

The Dividend Guy Blog Podcast by Dividend Guy

The Dividend Guy Blog Podcast

64 Listeners

The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, Mark McGrath, and Dan Bortolotti

The Rational Reminder Podcast

425 Listeners

Chit Chat Stocks by Chit Chat Stocks

Chit Chat Stocks

182 Listeners

ARC ENERGY IDEAS by ARC ENERGY RESEARCH INSTITUTE

ARC ENERGY IDEAS

28 Listeners

The Canadian Investor by Braden Dennis & Simon Belanger

The Canadian Investor

82 Listeners

The Loonie Hour by Steve Saretsky

The Loonie Hour

10 Listeners

Market Call by BNN Bloomberg

Market Call

13 Listeners

The Canadian Real Estate Investor by Daniel Foch & Nick Hill

The Canadian Real Estate Investor

8 Listeners

Long Term Investing - With Baskin Wealth Management by Barry Schwartz

Long Term Investing - With Baskin Wealth Management

5 Listeners

Angry Mortgage by Ron Butler

Angry Mortgage

4 Listeners

TLDR by Devin Friedman, Sarah Rieger, Matthew Karasz

TLDR

30 Listeners

The Wealthy Barber Podcast by The Wealthy Barber Inc.

The Wealthy Barber Podcast

31 Listeners