Market Trends (2:39) | Oil, LNG Expansion (15:55) | Policy Impacting Canadian Energy (26:17) | Telecommunications Holdings: Rogers and Quebecor (33:57) | Drivers of Lifeco’s Performance (43:10) | Thesis on Empire and The North West Co. (48:47) | Views on Banks – Canada and abroad (58:40) | Gold: Featuring Franco Nevada (1:02:12) | Thesis on GSK (1:07:06)
Portfolio Manager, Aleksy Wojcik, covers Sionna's gold exposure and outlines our thesis behind our selected gold holdings.
Kim Shannon was recently interviewed by Value Investor Insight where she discussed some of the investment implications caused by the recent tensions between Canada and the U.S.
Stephen Jenkins wrote an article for ACPM's The Observer magazine discussing why investors may want to consider re-balancing away from an over-exposed U.S. stock market.
Kim Shannon, CFA, MBA Founder and Co-CIO
As the saying goes, “may you live in interesting times”, well from an investor’s point of view the past five years, nothing could be closer to the truth. Investors have witnessed some of the fastest moving market conditions with immense uncertainty and market volatility. The question at Sionna is why is this positive for Canada and specifically how could this benefit our portfolios?
While auto original equipment manufacturers and suppliers have been at the center of discussions, other major industries are also feeling the effects of tariffs. In this installment of The Home Country Bias, we will look into the U.S. agriculture sector – and on multiple fronts.
1966-1982 was a period of high inflation and weak economic growth: in short, stagflation. More recently, during the four years since rates bottomed and subsequently rose from the lows in the summer of 2020, the market has delivered a stealth value recovery in major markets outside of the U.S. (the U.S. market is distorted by the Magnificent 7 stocks). This seems reminiscent of the early stages of the 1966-1982 period.
Since the U.S. President first threatened tariffs on Canadian goods, there has been a change in sentiment among Canadians that has sparked our investment team’s interest. We’re launching a new series – The Home Country Bias – to address questions investors may have as we continue to navigate through an uncertain environment.
Scott joined Sionna in 2025 to manage compliance at the firm as Chief Compliance Officer. Scott has more than 25 years of experience in the financial services industry, most recently as Chief Operating Officer and Chief Compliance Officer at an exempt market dealer firm. Previously, Scott managed both Canadian and U.S. equities for institutional and high net worth private client mandates. Scott is a CFA charterholder® and a member of CFA Society Toronto.