David Barr’s Top Canadian Small Cap Picks for 2025 | In the Money with Amber Kanwar

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David Barr’s Top Canadian Small Cap Picks for 2025 | In the Money with Amber Kanwar

📉 Canadian small caps have been abandoned but are they hiding the best opportunities of the next decade? In this episode of In the Money with Amber Kanwar, David Barr of the PenderFund breaks down why he’s staying laser-focused on the most overlooked corner of the market.

🚀 David shares why capital flight, restrictive bank policies, and a shrinking brokerage landscape have crushed small cap visibility but also created incredible mispricings. He explains the “venture-style due diligence” he uses to uncover winners early, how he evaluates founder-led teams, and why macro volatility now demands more active trading than ever.

📊 In the mailbag, David reveals his take on hot-button stocks like Thinkific (TSX:THNC), Lumine Group (TSXV:LMN), MDA (TSX:MDA), and dentalcorp (TSX:DNTL) plus whether goeasy (TSX:GSY) is worth the hype. And don’t miss his Pro Picks: Kraken Robotics (TSXV:PNG), Dye & Durham (TSX:DND), and TerraVest (TSX:TVK), including why TerraVest may be “Canada’s best-performing stock nobody knows.”

If you’re looking for deep, long-term alpha, this episode is packed with insight on where to find Canada’s next breakout stocks.

Timestamps
00:00 Show Intro
01:50 Amber & David Barr discuss the challenging environment for small caps
03:25 What’s the secret sauce of small cap investing?
07:20 Why is the small cap sector so starved?
10:00 Is there opportunity because there are so few small cap investors? Is volatility opportunity?
12:30 Why David thinks small cap investors have to understand the macro because it drives volatility
13:25 ITM Mailbag: What is Thinkific (THNC) in five years? Is it a scalable platform or a niche software business?
18:30 Will we see a round of IPOs? What’s in the pipeline?
19:20 What is David’s point of view on Lumine Group (LMN-TSX.V)?
21:45 What are David’s thoughts on Tantalus Systems (GRID-TSX)?
25:30 Does David traffic in quantum stocks?
27:05 David’s thoughts on aerospace company MDA Space (MDA-TSX)
29:10 Does David like dentalcorp (DNTL-TSX)?
31:30 David’s thoughts on goeasy and why he doesn’t own it (GSY-TSX)
33:40 David’s Pro Picks
44:30 Goodbye & coming up

Sponsors
This episode is sponsored by BMO InvestorLine. Learn how you can earn up to $3,500 cash back when you open a new account at https://bmo.com/onlineinvesting?ecid=...

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://raymondjames.ca today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial.
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In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts.

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