BMO Equity Research IN Tune

Plant-based meat was taking off and becoming a part of the consumer's diet. Then, COVID-19 hit and changed the growth trajectory. In this episode, we address 1) what happened?; 2) will plant-based meat have the same success as plant-based milk?; 3) what does the plant-based meat industry need to do to regain its footing and growth; and 4) what key adjustments and strategies are required to adapt to the new normal?Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/4AAC6D9E-536E-40FB-871E-F3FED3FFD378.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

2021 turned out to be a great year for oil and gas investors. Randy Ollenberger and Ray Kwan think that 2022 has the potential to be equally good as a multi-year bull market for energy takes hold. This podcast covers their outlooks for oil and gas prices, heavy oil differentials as well as the impact inflation and M&A can have on the associated equities. In short, Randy and Ray believe that the recent European energy crisis’ impact on commodity prices and current concerns about the potential lack of spare oil production capacity may provide a glimpse of things to come following years of underinvestment, tightening environmental expectations and shifting shareholder demands. The North American oil and gas group is in its strongest financial position in the last 15-years and poised to generate record levels of free cash flow that we believe will be largely distributed to shareholders. Randy and Ray do not believe these factors are adequately reflected in market valuations.Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/FDE37153-0F60-4992-97F2-205936F892EB.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

As we get ready for IFRS 17, effective January 1, 2023, for Canadian, European, and Asian insurers, investors need to understand how it will reflect drivers of value, and, most importantly, what further analysis and perhaps potential adjustments to reported items are relevant in an IFRS 17 world. This podcast discusses the key differences between IFRS 17 and the current IFRS 4, and, more importantly, highlights the need to look beyond just IFRS 17 reported earnings, BV, and ROE in assessing shareholder value and shareholder value creation.BMO clients can view our report, “Analyzing Drivers of Value in an IFRS 17 World”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/27a9e2c7-ecda-4cad-be42-3042fd29b651/Episode transcript: research-ca.bmocapitalmarkets.com/documents/CE188984-9604-43C1-A1AE-3722C6EDC740.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

Carbon, Capture, Usage and Storage (CCUS) represents one of the best near-term opportunities to reduce C02 emissions, particularly as Canada looks to meet its 2030 and 2050 reduction targets, and we expect the Canadian Energy industry to play a large role over the next several years. Overall, we estimate CCUS represents a +$10 billion opportunity in the pipeline infrastructure alone, and much more when including the carbon capture facility itself, ancillary infrastructure, and energy services required.BMO clients can view our report, “CCUS Breathes New Life Into Cdn. Pipe Infrastructure With $10B-Plus Opportunity”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/7b3801b6-1387-40a4-89cc-c039bdcdf984/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/22763714-AECB-45C2-9C0A-DDD73170650B.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

This week on IN Tune we are sharing another episode from BMO Smarter Investing, titled "What does the economy look like for Canada, the US, and Europe in 2022?"Interest rates and the global economy in general has been quite volatile since 2020 due to uncertainties of the pandemic. We've seen businesses open back up to the public and life slowly resemble normalcy. Now with the new COVID-19 variant, Omicron, it looks that more uncertainty is on the horizon for 2022. BMO economists Sal Guatieri, Douglas Porter, Jennifer Lee, and special guest Benjamin Reitzes discuss what the economies of Canada, the US, and Europe might look like, and what to expect with interest rates for the new year. Visit BMO.com/onlineinvesting for more information and to learn how you can start investing today. For more episodes of BMO Smarter Investing, please visit: smarterinvesting.influicity.netEpisode transcript: https://research-ca.bmocapitalmarkets.com/documents/128EE74A-7E4A-4932-844A-8D31A0D9FDFF.PDF

The rail industry is innovating on several fronts with pilot projects to assess alternative fuels for locomotion, automated track and railcar inspection as well as digital initiatives throughout the enterprise. We expect these innovations, along with the possible transition to a single-person crew, to meaningfully bend the cost curve and deliver strong growth in earnings over the next several years. Over the longer-term horizon, we see increased competitive intensity as autonomous trucking becomes commercially viable and could represent a meaningful challenge for the railroads, particularly on short- and medium-haul intermodal freight. BMO clients can view our report, “On Track: Railroads Innovating for the Long Haul”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/3a36401d-cd7e-4452-8481-b385ddb81267/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/FE0A58E1-97A0-4962-8055-0C4253213745.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

Are cryptocurrencies a scam or a new form of digital gold? Are they investments or speculative assets? We speak with BMO Technology Analyst, Deepak Kaushal, to discuss the first principles of blockchain technology, how cryptocurrencies capture value, and what the industry landscape looks like today. We also touch on the growing number of opportunities in public equity markets, important risks, and a framework for investors to consider, when they are ready to take the plunge.Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/5DDBEB17-25BD-4289-B9D7-2B8A15FDABF9.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

This week on IN Tune we are sharing the first episode of a new BMO podcast, BMO Smarter Investing, titled The Rise of Inflation: Who wins and who gets hurt the most.Inflation is at an all-time high right now since the 1990s: Over 6% in the US and over 4% in Canada. BMO economists Douglas Porter and Sal Guatieri discuss what this means for interest rates, who wins and who gets hurt the most from high inflation, and where they believe inflation will be going within the years to come. Visit BMO.com/onlineinvesting for more information and to learn how you can start investing today.For more episodes of BMO Smarter Investing, please visit: smarterinvesting.influicity.netEpisode transcript: https://research-ca.bmocapitalmarkets.com/documents/FE41B26C-1FA9-4C3C-8DF6-8E61F15C3554.PDF

With the acceleration during COVID-19, online grocery is here to stay. How are the Canadian Grocers addressing this growing segment of the grocery market? How is online grocery impacting the economics of the grocery business? What will the grocers need to do to win in the future? In this episode of our podcast, BMO Consumer Analysts, Peter Sklar and Tamy Chen will dive into these topics. This episode is an extension of our recently published IN Front report and BMO Expert Event.BMO clients can view our research:Who Will Win in Canadian Online Grocery: In-Store vs. Central Fulfillment?: https://researchglobal0.bmocapitalmarkets.com/research/a776ffa1-9901-4b19-b222-34afc87258b4/Online Grocery Fees, Profits & Outlook: Takeaways From BMO's UK Experts Event: https://researchglobal0.bmocapitalmarkets.com/research/fc8f6a70-dbf7-44b2-891e-434b0bacdef2/In-Store vs. Central Fulfillment: The U.K. Grocery Experience and Readthroughs for Canada: Online Engagement Metrics for Empire's Highly Anticipated Voilà.ca Launch: https://researchglobal0.bmocapitalmarkets.com/research/71a1f568-318e-49b6-bdca-6076ca801899/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/39785BD2-5E0B-4F6B-B243-7ABF0D283FCA.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (8 min) podcast we discuss what caused the sharp move in copper last week, China’s current property situation, and how the magnesium situation will bring more focus to critical metals.Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/9C77E7C6-514C-4684-91E2-9A9388CC4404.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/