This week on In the Money with Amber Kanwar, it’s a different kind of conversation — no portfolio managers, no mailbag, just an honest, wide-ranging “good hang” with two Canadian heavyweights. Don’t miss bestselling author Howard Green and former Scotiabank CEO Rick Waugh. Together, they dive into the moments that defined Canada’s banking system — and Waugh’s extraordinary career — from Argentina’s collapse to the 2008 financial crisis and what came after. Along the way, they unpack why Canada’s banks emerged as some of the strongest and most stable in the world — and what lessons that strength holds for the future. Listen now on Apple, Spotify, or here.
It’ll be a miracle if I get this out on time. We had two pairs of snow pants for three kids. It’s an equation that forced me to swallow my pride and message two different class group chats, publicly confessing that we did not have our act together this morning. Thankfully, a kind parent came through, and I was spared the Sophie’s Choice of deciding which child would freeze. We managed to get everyone out the door just as our Uber Eats order, one solitary loaf of bread, arrived (because we also had no food in the house).
Here are five things to know today:
Breather: After a rip-roaring day in the markets, futures are more subdued this morning. Trading volume could be lighter today with the Canadian and US bond markets closed because of Remembrance Day and Veterans Day. AI anxieties are also rippling through the markets (more on that below). The US government is set to re-open Wednesday after a record 42-day shutdown. We were supposed to get a read of consumer inflation on Thursday but even if the government re-opens that remains unlikely. Exacerbating the “data fog” for markets that have now gone without two jobs reports.
Bob and weave: Shares of CoreWeave are plunging after warning fourth quarter sales will be lower than expected. Third quarter sales and profit beat expectations, but the cloud infrastructure platform says it is facing a delay due to a third party data centre developer who is behind schedule. CoreWeave went public in March and the stock has already doubled in its short life as a public company. The company emphasizes their issues are because of supply-side constraints while demand remains “insatiable” for AI solutions. Still, JP Morgan is downgrading the stock. They warn that the company has set one of the highest bars for AI development and given supply chain constraints it is too difficult to forecast whether they will be able to meet those targets. On the other hand, Jefferies says the report shows “wild” demand and expects CoreWeave to have a better first half of 2026. 
Here for a good time: Nvidia shares are modestly lower after SoftBank sold its entire stake for nearly $6 billion. Japan’s SoftBank started buying these shares in 2020 and are using it as a piggy bank to fund other AI investments. Softbank’s CFO says they are selling not because of any issue with Nvidia but because they have huge financing commitments to OpenAI. SoftBank has said in the past they expect OpenAI to go public in the next few years and become the most valuable company on earth, presumably taking that honour from Nvidia.
Feed the ducks: Brookfield Renewable will be under pressure today after doing an equity financing to raise $650 million US. The deal is priced at $29.90/share and I’ll watch for the uptake given the big rally in the stock. Brookfield Renewable has been a beneficiary of the AI trade for investors looking to all the power sources needed to fuel these data centres.
Getting real: Shares of RealReal are surging after boosting its sales forecast. The online marketplace for luxury goods enjoyed a 17% jump in sales, more than expected this quarter while its loss per share was slightly less. These discount or used stores have been the place to be in retail with higher-end getting crushed by a stretched consumer.
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