The Canadian Investor 2026 Bold Predictions: Will Canadian Stocks Beat U.S. Stocks Again?
Jan 1, 2026
The hosts dive into their annual bold predictions, scoring last year's calls on Bitcoin and BCE. They discuss the potential downturn for mega-cap AI stocks and predict a rebound for an anti-AI portfolio. Notably, expectations rise for Canadian National Railway's management changes and a strategic pivot toward debt reduction. One bold forecast suggests the TSX will outperform U.S. indexes, while concerns arise over Palantir's high valuation, hinting at potential vulnerability in 2026.
AI Snips
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Episode notes
Capex Fatigue Could Hit Mega-Cap AI
- Simon predicts mega-cap AI leaders may disappoint in 2026 due to capex fatigue and debt pressure.
- He expects Intel to outperform because of cheaper valuation and new fab ramps.
Anti‑AI Mean Reversion Thesis
- Simon and Braden foresee mean reversion away from concentrated AI winners into incumbents.
- They expect some legacy software and data companies to rebound as AI spending shows limits.
Measure Antifragile Bets With A Portfolio
- Braden constructs an explicit six‑stock anti‑AI equal‑weight portfolio to track relative performance.
- He chooses Constellation, Descartes, Thomson Reuters, Adobe, Salesforce, and Accenture as his picks.