BMO Equity Research IN Tune

With just over two months left in 2021, equity markets in both Canada and the US have managed to exhibit positive returns—despite continued fears and rhetoric regarding inflation, rising interest rates, and supply chain disruptions, to name a few. In this podcast we discuss our views on stock market performance during rising interest rates environments, energy sector dynamics, and growth versus value positioning. In addition, we highlight our favorite ideas and themes on a sector-by-sector basis in both Canada and the US.Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/A6564C65-EAAB-4609-A86B-16386B4E2435.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (8 min) Metal Matters podcast we discuss feedback from LME Week, the knock-on implications from the global energy crisis, and the key conclusions from our recently published copper report.BMO clients can view our report, "Rethinking the Long-Term Copper Challenge", by visiting: https://researchglobal0.bmocapitalmarkets.com/research/52b25693-0a56-46d0-8987-30a4359d1f4f/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/C7A70448-B3ED-4CFA-A004-E8CB1725FD59.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this episode of our podcast, we reconnect with Doug Morrow, Director, ESG Strategy, and get his view on today’s big ESG themes and an update on the research team’s ESG initiative. We cover the upcoming COP 26 and concerns about greenwashing, and review key findings from some of our latest ESG research, including the GHG intensity of the S&P/TSX 60 companies, as well as the launch of our ESG Tear Sheet product for the Canadian packaging industry.BMO clients can view our reports:"ESG Matters - Assessing the GHG Intensity of S&P/TSX Companies": https://researchglobal0.bmocapitalmarkets.com/research/0c4580e9-fc69-4edb-b0cf-e64f080f54ff"Unpacking ESG in the Canadian Packaging Industry": https://researchglobal0.bmocapitalmarkets.com/research/c18a7768-a642-4ce6-97e2-2d0b84541b51Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/D6C54755-584F-4A4B-94A5-6D5700C079BB.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (8 min) Metal Matters podcast, we discuss the knock-on effects of China’s power rationing, central bank policy, and what we expect from the forthcoming LME Week discussions.BMO clients can view our report, "Q4 2021 Commodity Price Update - Surprises Shift From Demand to Supply", by visiting: https://researchglobal0.bmocapitalmarkets.com/research/8d79e3cb-c27a-4083-97ec-52ec01ce62df/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/31BE112F-B079-47C1-80E7-A9DCED12AE1C.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (9 min) Metal Matters podcast we discuss the challenges facing China on both the policy and property fronts, aluminium’s recent price gains, and drivers of price divergence in iron ore and met coal.Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/2E2C86DA-1933-4B6B-A50C-77EB6CE08F59.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

BMO Capital Markets recently increased its electric vehicle (EV) penetration forecasts to 7% this year, and 15% by 2025, with important spillover impacts into lithium, nickel, and cobalt. This podcast highlights the work of our analysts, Joel Jackson, Robin Fiedler, and Colin Hamilton, and is a deep dive into our EV forecast, the supply and demand dynamics in lithium and other raw materials, and the impact on related equities, as well as the supply complexity that the industry faces.BMO clients can view our report, “Recalibrating EV Sales, and Lithium / Nickel / Cobalt Demand Estimates Higher”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/c03825ba-8af5-4803-a7fe-c37b3b4be4a9/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/56739524-749B-4FC8-9AD2-D4ADB9FC0F37.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this short (8 min) Metal Matters podcast we discuss the upcoming World Nuclear Association and Denver Gold conferences, the electric vehicle upgrade cycle and the impact logistical constraints may have on the wider metals cycle.Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/F3F967B9-82F6-4CC6-A57C-F973D8D5D164.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

The Canadian Investment Funds Industry is a mature and saturated marketplace. The wealth management operations of the Canadian banks, with a leading and growing market share in Canadian investment funds, an inherent distribution advantage, as well as a pricing advantage, continue to outperform the independent fund companies. In a mature and saturated marketplace where it’s increasingly difficult to compete against the wealth management operations of the Canadian banks, we see challenges for the Canadian independent fund companies. We explore strategic options for the Canadian independent fund companies. For the well-positioned wealth management segments of the Canadian banks, it’s most likely business as usual.BMO clients can view our IN Front report, “Canadian Wealth & Asset Management – Banks vs. Independents”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/4eafbcda-5e48-42e0-9622-9212e3ead30d/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/A171269F-A2DF-4AFB-A70E-66937B67AB12.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

In this 7 min Metal Matters podcast, we discuss 1) why strong free cash flow hasn’t yielded many new project approvals, 2) China’s steel production cuts and capacity offshoring, and 3) why the countdown to the COP26 Summit will keep the focus on metals involved with the global energy transition over the next three months.Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/B52119E4-D910-43C8-9A5F-72FD7F2107FA.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/

The mining industry doesn’t always have a reputation for being an early adopter of leading-edge technology. But innovations will be increasingly important to offset cost inflation and improve mining efficiency and safety in the future, as new mines will generally be increasingly lower grade and higher cost. Ore sorting is one technology that is likely to make a meaningful impact on the mining industry. Pre-concentration can eliminate low grade or otherwise uneconomic material before the expensive and energy-intensive downstream processes.Metals & Mining analyst Jackie Przybylowski is joined by Anthea Bath, chief operating officer at Ero Copper, and Marie-Claude Halle, CEO and principal consultant at Unearthed Consulting Inc., to discuss the opportunities and risks of ore sorting technology.BMO clients can view our IN Front report, “Ore Sorting: Not a Quick Fix, but a Long-Term Solution”, by visiting: https://researchglobal0.bmocapitalmarkets.com/research/c3b805f4-968f-4b7c-b88c-16459ac4da58/Episode transcript: https://research-ca.bmocapitalmarkets.com/documents/F67EB2AA-18A1-4D5E-A69F-F3B66A8CFB8D.PDFTo access our full disclosures, please visit: https://researchglobal0.bmocapitalmarkets.com/public-disclosure/