Is Canada walking a tightrope between rising interest rates and a falling dollar?

Jonathan Wellum, CFA, President & CEO of Rocklinc Investment Partners, joins Marc Patrone on News Talk Sauga 960 to discuss why rising US Treasury yields are repricing equities and gold, what a Canadian dollar in the low 70s means for inflation and purchasing power, and why retaliatory tariffs raise prices on the imported goods Canadians depend on. Jonathan also unpacks last week's GDP numbers — where the strength came from energy, mining, and truck production — and makes the case that prolonged trade uncertainty in the auto sector means Canada loses ground every day a deal isn't done.

Learn more: rocklinc.com
The Principled Investor newsletter: rocklinc.com/principledinvestor

The views expressed are those of the speakers and are for informational purposes only. Not financial advice. Please see rocklinc.com.

👉 Click Here to Subscribe: @RockLincPartners

📩 Get The Principled Investor — Our free newsletter plus two free guides on retirement income and biblical wealth stewardship: rocklinc.com/principledinvestor

Show Description
Bond yields are climbing — the U.S. 30-year is at its highest level since 2007 — and the market is sending a message about inflation, deficits, and trust. Jonathan Wellum, CFA (CEO & CIO, Rocklinc Investment Partners) joins Marc Patrone on News Talk Sauga 960 to break down what rising rates mean for Canadian investors: the tariff deadline with the U.S., why $1 trillion in capital has left Canada over the past decade, the pressure on the Canadian dollar, why central banks worldwide are stacking gold while the Bank of Canada holds zero, and the investment playbook when yields rise — short duration, essential and scarce businesses, hard assets, and caution on high-multiple tech.

📖 Chapters ⏰
00:00 Segment Intro and Guest
00:29 Tariff Deadline Impact
01:35 Canada US Trade Leverage
02:22 Why Cutting Oil Fails
03:10 Bond Yields Rising Explained
04:40 Inflation Deficits and AI
06:19 Weak Canadian Dollar Causes
10:20 Gold Reserves and Policy
11:20 Portfolio Strategy for Rates
12:37 Contact and Closing
13:07 Investment Strategies for Volatility: rocklinc.com/etf

Connect with us!
Get a free portfolio review with Jonathan Wellum and the team at Rocklinc: Book here
Get to Know Jonathan Wellum: Watch

Please visit rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: rocklinc.com/etf · ETF overview video

Learn more about Rocklinc: YouTube playlist or visit rocklinc.com

Follow us on social media
👉 X
👉 Facebook
👉 LinkedIn
👉 YouTube

Want help achieving your financial goals? Contact us!
✉️ [email protected] or 📞 905.631.5462
🔗 rocklinc.com
📩 Subscribe to The Principled Investor newsletter: rocklinc.com/principledinvestor

ROCKLINC and/or RKLC may hold positions in securities discussed. This content is for informational purposes only and is not financial advice. Please see rocklinc.com.

Subscribe and Listen to the Worth Investing Podcast 📱
➡︎ YouTube
➡︎ Spotify

Disclaimer: Please see rocklinc.com for further information. This content is for informational purposes only.

Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.

👉 *Click Here to Subscribe* @RockLincPartners💰 *More from Worth Investing* https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay*Show Description*Matthew Hallick speaks with ROCKLINC Investment Partners CEO Jonathan Wellum have a followup disucssion on Jonathan's recent article "A Biblical Diagnosis of Suicidal Empathy and the West's Death Spiral," which reasoning from Gad Saad's Suicidal Empathy to R.J. Rushdoony's The Politics of Guilt and Pity and F.A. Hayek's The Fatal Conceit, argues that economics is a moral philosophy and that a culture unable to resolve guilt in Christ will look to the state to absolve it. 📄 *READ* - A Biblical Diagnosis of Suicidal Empathy and the West’s Death Spiral by Jonathan Wellum:* https://rocklinc.com/newsroom/a-biblical-diagnosis-of-suicidal-empathy-and-the-wests-death-spiral/▶️ *WATCH* https://youtu.be/yNhuWblQjjAAlong the way: how government grew from 15–20% of GDP to nearly half, why three of the Ten Commandments speak directly to economics, what the roughly $8 trillion held by U.S. billionaires looks like beside the $170 trillion held by the middle class, Canada's lost decade and a dollar that has slipped from par in 2011 to about 70 cents, and John Winthrop's 1630 "A Model of Christian Charity" as a picture of ordered generosity. Wellum closes on why capitalism requires virtue, how ROCKLINC invests around these long-term trends, and the ROCKLINC Principled Equity ETF (TSX: RKLC).📖 *Chapters* ⏰0:00 Cold Open0:18 The Article Behind the Conversation0:52 Why a Money Manager Weighs In on Culture2:35 Gad Saad and Suicidal Empathy5:06 Economics Is a Moral Philosophy7:45 Rushdoony: The Politics of Guilt and Pity10:37 When the State Becomes the Redeemer14:02 Blaming the System Instead of the Heart16:15 How Government Grew to Half the Economy18:19 Hayek: The Fatal Conceit and the Road to Serfdom23:07 Where the Wealth Actually Is: $8T vs $170T24:46 The Moral Case for Free Markets26:47 Who Actually Creates Wealth29:55 Three of the Ten Commandments Are Economic32:49 Canada's Lost Decade and the 70-Cent Dollar33:30 Capitalism Requires Virtue34:46 Sin Is Directional, Not Structural37:19 Winthrop's Model of Christian Charity40:04 The Ovarian Lottery vs. Providence42:41 Why the Answer Is Reformed, Not Just Christian49:01 Victimhood vs. Moral Agency50:02 Empathy Must Be Ordered, Not Abolished51:14 Free Resources: Stewardship Booklet and Retirement Guide54:16 How to Reach Rocklinc54:58 The RKLC Principled Equity ETF56:18 Closing: Deuteronomy 3058:01 Rocklinc Principled Investing: https://rocklinc.com/etf/===========================*Connect with us!*=============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc; visit: https://bit.ly/4anVNzdGet to Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: https://www.rocklinc.com*Follow us on social media*👉 X: https://x.com/RocklincIP👉 Facebook: https://www.facebook.com/rocklinc👉 LinkedIn: https://www.linkedin.com/company/19148766/admin/dashboard/👉 YouTube: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQ*Want help achieving your financial goals? Contact us!*✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com*Disclaimer:*Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #SuicidalEmpathy #JonathanWellum #Rushdoony #Hayek #RKLC

👉 *Click Here to Subscribe*  ⁨@RockLincPartners⁩  💰 *More from Worth Investing* https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay*Show Description*Host Marc Patrone speaks with RockLinc Investment Partners CEO Jonathan Wellum about a sharp market rally (Dow up over 1,000 points) driven by hopes of a deal involving Iran and the Strait of Hormuz, sending oil down about 5.7%, alongside a renewed surge in the AI trade and strong, broadly based U.S. earnings. Wellum cautions that extreme volatility and high valuations warrant a medium-to-long-term focus, diversification, and avoiding overconcentration, noting risks “below the surface” such as the unwinding of the leveraged yen carry trade and rare intervention to support the yen. The discussion also covers impending U.S. tariffs on Canadian goods, ongoing pressure on Canadian manufacturing, the growth of Ontario’s public sector, and Canada’s rising imports from the U.S., including computers and peripherals, as the U.S. re-industrializes and attracts capital and talent.📖 *Chapters* ⏰00:00 Market Rally Headlines00:33 Oil and Hormuz Volatility01:34 AI Trade and Earnings Surge03:10 Hidden Risks and Diversification04:50 Rickards Explains Yen Carry07:35 Why Gold and Currencies Matter08:43 Canada Tariffs and Economic Drift10:16 Ontario Decline and Big Government11:32 Record US Imports and Data Centers13:19 Rocklinc Contact and Closing13:56 Rocklinc Value Investing Ad: https://rocklinc.com/etf/ ===========================*Connect with us!*=============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc; visit: https://bit.ly/4anVNzdGet To Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: ⁠https://www.rocklinc.com*Follow us on social media*👉 X: https://x.com/RocklincIP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.facebook.com/rocklinc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.linkedin.com/company/19148766/admin/dashboard/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQ*Want help achieving your financial goals? Contact us!* ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com===========================*Subscribe and Listen to the Worth Investing Podcast HERE*📱 ===========================➡︎ YT:  ⁨@RockLincPartners⁩  https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay➡︎ Spotify: https://open.spotify.com/show/7jvdMbs6xJImhFphSyCIAE?si=258d98dbb7224257*Disclaimer:* Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #CanadianEconomy #JonathanWellum #MarcPatroneShow #RKLC

*Show Description*Host Marc Patrone speaks with RockLinc Investment Partners CEO Jonathan Wellum about mixed market action, oil around $82.80 amid escalating Middle East hostilities, and concern that global energy reserves are at record lows. They focus on inflation’s impact on consumers, citing Canadian food inflation near 4% and examples of sharply higher grocery costs since 2020, alongside rising energy, insurance, and borrowing costs. The conversation turns to criticism of Mark Carney, with claims of higher spending and deficits, increased international aid, lack of major capital projects, limited regulatory and tax relief, and measures said to hinder free speech, plus worries about a weakening Canadian dollar and lagging productivity and investment versus the U.S. They also discuss economic fallout from Canadian wildfire smoke in the U.S., Trump using it as leverage in negotiations, and the need for improved Canada–U.S. relations and forest management where possible.Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/📖 *Chapters*⏰00:00 Markets Open Mixed00:29 Oil Shock And Geopolitics01:59 Inflation Squeezes Consumers03:14 Rocklinc AD04:09 Media Hype And Carney Critique06:10 Spending, Inflation And Weak Loonie08:32 Wildfires And US Economic Fallout10:50 Canada-US Relations And Leverage13:04 How To Reach Rocklinc13:39 Closing Thanks And Wrap===========================Connect with us! =============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc, visit: https://bit.ly/4anVNzdGet To Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: ⁠https://www.rocklinc.com*Follow us on social media:*⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 X: https://x.com/RocklincIP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.facebook.com/rocklinc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.linkedin.com/company/19148766/admin/dashboard/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQWant help achieving your financial goals? Contact us!: ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com

👉 🔔 *Click Here to Subscribe:* https://www.youtube.com/ ⁨@RockLincPartners⁩ Subscribe for more on principled investing, biblical worldview, and the economics of the moment.Which way, Western World? The Road to Surfdom, or the Road to the Celestial City?Will you choose Socialistic tyranny fueled by the untethered, toxic empathy of the modern secular mind, or repentance and faith in the Lord Jesus Christ, that allows for the ordered, virtuous liberty, and maximum freedom and prosperity that has made the West so prosperous?*ABOUT*Gad Saad calls it suicidal empathy. F. A. Hayek called it the fatal conceit. Both diagnosed the disease destroying the West, and both stopped short of its root.In this essay reading, Jonathan Wellum, President & CEO of Rocklinc Investment Partners, takes up Saad's "Suicidal Empathy: Dying to Be Kind" and Hayek's critique of central planning, then goes deeper than either. Drawing on R. J. Rushdoony's "The Politics of Guilt and Pity," Jonathan argues that the pathologies we're watching unfold — envy rebranded as social justice, progressive taxation without limiting principle, criminals prioritized over victims, producers treated as prey — are not primarily failures of psychology or economics. They are the predictable fruit of rejecting the Christian worldview rooted in Genesis 1–3.Jonathan explains why America's decline has been slower than Canada's, why "you cannot redistribute what has not been produced," and why Saad's calibrated empathy and Hayek's spontaneous order, though necessary, remain insufficient without the transcendent grounding they lack. The remedy is not ecclesiocracy but a recovery of foundations: government administering justice rather than engineering outcomes (Romans 13), compassion re-grounded in truth, and a gospel that frees the conscience from bondage to the state.*Christ is Lord, not Caesar.*📄 *READ* - A Biblical Diagnosis of Suicidal Empathy and the West’s Death Spiral by Jonathan Wellum:* https://rocklinc.com/newsroom/a-biblical-diagnosis-of-suicidal-empathy-and-the-wests-death-spiral/📖 *CHAPTERS* ⏰00:00 – INTRODUCTION - The Problem: Gad Saad's Suicidal Empathy, Hayek's Fatal Conceit, and Rushdoony's Politics of Guilt & Pity02:45 – The Failure of Central Planning03:04 – The Biblical Diagnosis04:00 – CHAPTER 1: Genesis 1–3: The Only Coherent Foundation04:17 – A Biblical Anthropology - Imago Dei, the Dominion Mandate, and the Fall07:13 – CHAPTER 2: How Rejecting Genesis Produces Suicidal Empathy07:13 – 2.1: Loss of Human Dignity as the Imago Dei08:41 – 2.2: An Aversion to Work as the Rejection of the Dominion Mandate09:51 – 2.3: Disordered Empathy11:19 – 2.4: Absence of Trancendence Leads to Imminentizing of the Eschaton via Utopianism12:30 – CHAPTER 3: Residual Christian Capital & the West's Accelerating Decline14:09 – Socialism: The Parasitic Rule of the Messianic State as the Road to Serfdom15:29 - Christ is King: The Righteous Rule of the True Messiah as The Only Coherent Remedy16:24 – CONCLUSION: Civic Renewal and Gospel Regeneration*WATCH MORE ARTICLE VIDEOS* https://studio.youtube.com/playlist/PLjbJS8-FZgaHXLBnkovDWARy25TFSEUuX/editWant help achieving your financial goals? Contact us!: ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.comCopyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved._ROCKLINC and/or RKLC may hold positions in securities discussed. Not financial advice. Please see rocklinc.com._

👉 *Click Here to Subscribe:* https://www.youtube.com/@RockLincPartners💰 More from Worth Investing: https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay*Show Description*Host Marc Patrone speaks with RockLinc CEO Jonathan Wellum about markets and geopolitics. They discuss oil jumping nearly 10% amid uncertainty in the Strait of Hormuz and Trump floating the idea of controlling passage and charging a 20% levy, which they say would raise energy costs while alternatives like Saudi pipelines gradually reduce Iran’s leverage. They note the Nasdaq down about 1.6% and SpaceX falling sharply from its IPO peak, with Wellum urging patience, dollar-cost averaging, and avoiding leverage as more shares unlock and volatility persists, while highlighting Starlink's profitability and robotics potential tied to Tesla. The conversation shifts to Canada’s weak first-year GDP under Mark Carney, declining GDP per capita, and claims that higher taxes, regulation, and state growth are hollowing out investment and manufacturing, alongside criticism of Canada’s limited leverage and strained U.S. negotiations, including a bridge toll revenue split.Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/📖 *Chapters*⏰00:00 RockLinc Investing Ad: https://rocklinc.com/etf/00:57 Back to the Show01:19 Oil Spike and Hormuz Risk04:30 Nasdaq Dip and SpaceX Slide06:14 How to Play SpaceX07:19 Robotics and Tesla Synergies09:32 Carney Year One GDP Reality10:50 Canada Productivity and Inflation12:16 Bridge Deal and US Leverage15:15 Fixing Canada-US Relations16:22 Closing, Thanks, and Sign Off===========================Connect with us! =============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc, visit: https://bit.ly/4anVNzdGet To Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: ⁠https://www.rocklinc.com*Follow us on social media:*⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 X: https://x.com/RocklincIP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.facebook.com/rocklinc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.linkedin.com/company/19148766/admin/dashboard/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQWant help achieving your financial goals? Contact us!: ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com===========================Subscribe and Listen to the Worth Investing Podcast HERE:📱 ===========================➡︎ YT: ‪@RockLincPartners https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay➡︎ Spotify: https://open.spotify.com/show/7jvdMbs6xJImhFphSyCIAE?si=258d98dbb7224257*Disclaimer:* Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #CanadianEconomy #JonathanWellum #MarcPatroneShow #RKLC#Canada #CanadianEconomy #MarkCarney #cdnpoli #liberals #gordiehowebridge #spacex

👉 *Click Here to Subscribe:* https://www.youtube.com/@RockLincPartners💰 More from Worth Investing: https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay*Show Description*On News Talk Sauga 960 (Monday, July 6), host Marc Patrone speaks with Jonathan Wellum, president and CEO of Rocklinc Investment Partners, about Alberta and Ontario leaders Danielle Smith and Doug Ford pushing a proposed Hardisty-to-Sarnia pipeline amid shifting public support, while federal regulations and interprovincial hurdles (including Manitoba) still impede major projects. They argue new pipelines would strengthen energy independence, sovereignty, jobs, and growth, and criticize past and current federal leadership for policy failures, heavy spending, and strained U.S. trade relations, citing Jamie Dimon’s remarks on Europe’s stagnation and anti-business environment. Wellum also warns investors about an AI-driven bubble, highlighting underpriced services, long profitability timelines, hardware obsolescence, and open-source competition, and discusses SpaceX’s high valuation, potential Tesla ties, and oil prices amid claims OPEC is weakening.Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/📖 *Chapters*⏰00:00 Show Intro and Guest00:29 Pipeline Push and Polls01:27 Regulatory Roadblocks02:39 Economic Case for Pipelines03:30 Federal Power and Ford Shift04:31 Defense Spending and GDP05:29 Carney and US Relations06:44 Jamie Dimon on Europe07:49 AI Bubble Warning Signs10:22 RockLinc Investing Ad: https://rocklinc.com/etf/11:17 SpaceX Valuation Talk13:15 Oil Prices and OPEC13:58 Wrap Up and Contact===========================Connect with us! =============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc, visit: https://bit.ly/4anVNzdGet To Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: ⁠https://www.rocklinc.com*Follow us on social media:*⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 X: https://x.com/RocklincIP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.facebook.com/rocklinc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.linkedin.com/company/19148766/admin/dashboard/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQWant help achieving your financial goals? Contact us!: ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com===========================Subscribe and Listen to the Worth Investing Podcast HERE:📱 ===========================➡︎ YT: ‪@RockLincPartners https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay➡︎ Spotify: https://open.spotify.com/show/7jvdMbs6xJImhFphSyCIAE?si=258d98dbb7224257*Disclaimer:* Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #CanadianEconomy #JonathanWellum #MarcPatroneShow #RKLC#Canada #CanadianEconomy #MarkCarney #pipeline #alberta #daniellesmith #dougford

👉 *Click Here to Subscribe:* https://www.youtube.com/@RockLincPartners💰 More from Worth Investing: https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ayJonathan Wellum on Canada’s Economic Decline, Business Closures, Inflation, and Carbon PolicySadly, this Canada Day, there is little to celebrate about the state of our nation. RockLinc CEO Jonathan Wellum joins Marc Patrone to discuss Mark Carney's appearance at a Pride Parade and to criticize what they describe as a moral decline, while noting that Pierre Poilievre chose not to participate. The conversation shifts to Canada’s economy, citing a net loss of businesses since December and since Carney became prime minister, and attributing business weakness to high taxes, regulation, and capital moving to the U.S. They dispute Carney’s claims about tax cuts, grocery benefits, and suspending the fuel excise tax, arguing redistribution and money creation are inflationary and that carbon policies raise costs up the supply chain. They also discuss rising power costs, reduced competitiveness, capital flight, and a Fraser Institute study on carbon policy impacts.Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/📖 *Chapters*⏰00:00 Protect Family Wealth00:52 Meet Jonathan Wellum01:26 Culture Clash Debate03:20 Business Losses Canada04:54 Carney Tax Cut Claims05:38 Inflation And Handouts07:29 Carbon Tax Hidden Costs08:39 Energy Costs Capital Flight11:10 Managed Decline Thesis13:25 Closing & Contact===========================Connect with us! =============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc, visit: https://bit.ly/4anVNzdGet To Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: ⁠https://www.rocklinc.com*Follow us on social media:*⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 X: https://x.com/RocklincIP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.facebook.com/rocklinc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.linkedin.com/company/19148766/admin/dashboard/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQWant help achieving your financial goals? Contact us!: ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com===========================Subscribe and Listen to the Worth Investing Podcast HERE:📱 ===========================➡︎ YT: ‪@RockLincPartners https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay➡︎ Spotify: https://open.spotify.com/show/7jvdMbs6xJImhFphSyCIAE?si=258d98dbb7224257*Disclaimer:* Please see rocklinc.com for further information. This content is for informational purposes only.

👉 *Click Here to Subscribe:* https://www.youtube.com/@RockLincPartnersHost Marc Patrone speaks with Jonathan Wellum, CEO of Rocklinc Investment Partners, about SpaceX’s post-IPO drop and what they see as an extreme valuation: a roughly $2 trillion market cap despite about $18–19 billion in sales and a $9 billion loss, versus Amazon and Microsoft’s profits and revenues. They warn investors about buying on hype, margin, and “hope,” suggesting the stock may be attractive only at a lower price after more quarters of results. The discussion then shifts to vacant, unsold condos in Vancouver and Toronto and Mark Carney’s proposal to convert empty units into affordable housing; both argue that taxpayer-funded bailouts create moral hazard and worsen misallocation, urging lower development costs and allowing prices to fall to market-clearing levels amid rising rates and looming mortgage renewal stress.Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/📖 *Chapters*⏰00:00 Welcome Back and Guest Intro00:25 SpaceX Valuation Reality Check02:25 IPO Buyers and Margin Hype03:25 Condo Bailout Controversy04:32 Why Government Intervention Fails05:47 Carney Clip and Market Pricing07:41 Moral Hazard and Rate Promises08:45 Rocklinc Value Investing Ad, RKLC ETF: https://rocklinc.com/etf/09:41 Toronto Oversupply and Renewals Risk12:25 Capital Flight and Economic Mismanagement13:54 Boomer Politics and Supply Shock Numbers15:33 Closing & Contact===========================Connect with us! =============================Get a free portfolio review with Jonathan Wellum and the team at Rocklinc, visit: https://bit.ly/4anVNzdGet To Know Jonathan Wellum: https://youtu.be/ezMiX0FtZ7g*Please visit https://www.rocklinc.com for the latest prospectus, Fund Facts, and other information on the ROCKLINC Principled Equity ETF: https://rocklinc.com/etf/ https://youtu.be/e34BGJZlqDA?si=i2I7gqZlkyj83sbB*Learn more about Rocklinc: https://www.youtube.com/playlist?list=PLjbJS8-FZgaExMwLylSU6IOMMaSkT0y_P or visit our website: ⁠https://www.rocklinc.com*Follow us on social media:*⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 X: https://x.com/RocklincIP⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.facebook.com/rocklinc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.linkedin.com/company/19148766/admin/dashboard/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠👉 YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: https://www.youtube.com/channel/UCvEh2n3BPa69TBsnVD1J1JQWant help achieving your financial goals? Contact us!: ✉️ [email protected], or 📞 call us 905.631.5462.🔗 https://www.rocklinc.com===========================Subscribe and Listen to the Worth Investing Podcast HERE:📱 ===========================➡︎ YT: ‪@RockLincPartners https://www.youtube.com/playlist?list=PLjbJS8-FZgaH4MJzgk5oC8AmmvbwO48ay➡︎ Spotify: https://open.spotify.com/show/7jvdMbs6xJImhFphSyCIAE?si=258d98dbb7224257*Disclaimer:* Please see rocklinc.com for further information. This content is for informational purposes only.Copyright © 2026 ROCKLINC Investment Partners Inc. All rights reserved.#WorthInvesting #Rocklinc #ValueInvesting #PrincipledInvesting #CanadianEconomy #JonathanWellum #MarcPatroneShow #RKLC #markcarney #vancouver #carney #canadianpolitics