BMO Equity Research IN Tune

Tamy Chen, a Consumer Analyst at BMO Capital Markets, dives into the turbulent waters of U.S. tariffs on Canada. She discusses the impending negative impacts on Canada's economy, forecasting declines in growth and rises in inflation. Tamy highlights the vulnerabilities of the North American auto sector, particularly for companies like Linamar, and explores how these tariffs could affect vehicle pricing and supply chains. Additionally, she assesses the resilience of Canadian banks amidst these challenges, suggesting potential opportunities for adaptation.

Join former Chief Trade Negotiator Steve Verheul, now at GTN Co., alongside Doug Porter, BMO's Chief Economist, and Yung-Yu Ma, Chief Investment Officer at BMO Wealth Management. They dive into Trump's potential 25% tariffs on Canada and Mexico, dissecting the repercussions for North American supply chains and economies. Key discussions cover inflation impacts, monetary policy responses, and investment market volatility. Also, explore Canada's strategies for retaliation and what signals could indicate future negotiations.

How will an altered political landscape in Washington affect the U.S. fundamental outlook? Camilla Sutton, BMO Capital Markets Managing Director, Head of Equity Research, Canada & UK, moderated a discussion with BMO experts across macroeconomics, financial markets, and rates to understand the current and future implications of the 2024 election. Listen to Doug Porter, Managing Director and Chief Economist; Brian Belski, Chief Investment Strategist; and Ian Lyngen, Managing Director and Head of U.S. Rates Strategy, to learn more.Click here for transcript.

As we prepare for the upcoming US Presidential election, we spend some time with five of our BMO Capital Markets experts who run through how they see market impacts unfolding. Our guests include: Sal Guatieri, BMO’s Sr. Economist and Brian Belski, BMO’s Chief Investment Strategist; as well as three of our Equity Research Analysts Colin Hamilton, who focuses on metal commodities, Randy Ollenberger on Oil and Gas and Doug Morrow on ESG. Please note that this podcast goes in tandem with our broader department report, Navigating the U.S. Election Outcomes - Winners and Losers.Click here for transcript.

ESG Analyst Doug Morrow discusses the impact of AI/data center build out on electricity demand, with a focus on sustainability efforts by tech giants. He highlights the trade-off between AI growth and sustainability targets, along with second derivative opportunities in clean power generation, grid stabilization, and alternative cooling technologies.

All to often, energy investors focus on the commodity but for mid-cap Oil & Gas companies, share price performance is more determined by evolving company prospects, particularly related to undrilled well inventory. The change in perception as it relates to this undrilled acreage, either by a new oil pool discovery, or advancements in fracking technology, is a much more determining (and forecastable) factor in the long-term upside potential. Our conversation with Jeremy McCrea, CFA explores the topic in more detail, along with his favorite names and other discussions points that have been topical with institutional investors today. Click here for transcript.To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

Discover the pressing insights from the latest Farm to Market Conference, covering the impact of commodity price volatility and emerging trends in ag tech. Analysts explore the renewed investor optimism driven by weather patterns and fertilizer price stabilization. Delve into changing U.S. consumer behaviors, including trade-down trends in food spending. Water scarcity emerges as a critical issue for agriculture, while the focus on biofuels highlights policy shifts and investment opportunities. Tune in for a deep dive into the future of food and ag industries!

In this edition of BMO’s INTune podcast series, we sit down with Doug Morrow and Devin Dodge from BMO’s Equity Research team to discuss the BMO Climate Opportunities Screen and some of the companies from our coverage that are positively exposed to the energy transition megatrend. (15 mins)Please view our report, “Future Facing Investing: The BMO Climate Opportunities Screen”Click here for episode transcript.To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

Tamy Chen and Emily Foo join this edition of our IN Tune podcast to discuss their recent report entitled “Dollarcity 101: Resonating So Far With Runway for Growth” and how recent quarters of strong equity income growth from Dollarama’s (DOL) joint venture in LATAM called Dollarcity has brought increasing attention to this business as it could provide the second leg of multi-year growth when DOL eventually matures in Canada.Click here for transcript.To access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

This week we have a special episode of IN Tune sharing a podcast from BMO’s Sustainability Leaders that aired on February 20, 2024. Colin Hamilton, Commodities Analyst, BMO Capital Markets, sat down with the International Council on Mining and Metals (ICMM)’s President and CEO Rohitesh Dhawan to discuss what the industry needs to do to embrace nature-positive mining (24 min).Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/SldQc294alVqTDhXVVh6VWR0UW4xY3RRYUx5aGFsMzByQzVGekhpZCtXVXNxcU1hN1huVUkxR2xpUEQ4SmRuTGdrMXZJOC9HT2NvTFIxUzFqdytPTEE9PQ2.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/