Episodi
-
In Episode 62, Frank is joined by Chris Krueger of TD Cowen's Washington Research Group to discuss the first 30 days of the Trump Administration, and the on-going trade war with Canada. Chris outlines his biggest surprises to date, including the sheer torque of rulemaking from the executive branch - he figures his team in Washington undershot the runway when it suggested Trump 2.0 would be "all gas, no break."
Frank provides insights into Canada's strategy for defending itself and thinks the current alignment across the country will be key to victory against the US tariffs, but he agrees with former Prime Minister Harper in suggesting that Canadians will need to be prepared to endure some hardships through this difficult period. He also explains the meaning of Interprovincial trade barriers, suggesting that they act as a 7% tariff on goods moving from province to province.
Chris also shares his biggest surprises to date in Trump's second term, including the influence of Elon Musk. Both Chris and Frank think that the right leaning Supreme Court will give Trump leeway to continue his changes in Washington but will keep some guardrails in place.
This podcast was recorded on February 18, 2025.
Chapter Headings
03:23 Newfoundland Premier’s “Chilling” Feedback from Trump Team
10:38 Next Steps on Canada-US Tariff Debate
15:40 Will Supreme Court Support Guard Rails for Executive Branch?
24:40 Flooding the Zone to Change the Narrative in US
31:22 Elon Musk’s Influence on Whitehouse
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episode 61 is a deep dive into Canadian politics. Frank starts by handicapping the Liberal leadership race to elect Canada's next Prime Minister, a leader whose first order of business will be filling the leadership vacuum in Ottawa as Canada fights back against tariff threats from President Trump. He reminds Canada's provincial leaders of the importance of putting aside regional differences in favor of a Team Canada approach. Frank takes listeners back to Economics 101 where he discusses the theory of comparative advantage, while suggesting that businesses on both sides of the border are holding back investment while the period of tariff uncertainty continues. He addresses the trolling by President Trump of Canada and makes a passionate plea to Americans to understand that while we are friends, we want to remain Canadian. The conversation then moves to global affairs where we discuss the Israel-Hamas peace agreement, the likely end of the Ukraine War and other potential hot spots for geopolitics, including one that is surprisingly close to home.
This podcast was recorded on January 20, 2025.
Chapter Headings00:50 - The Race to be Canada's Prime Minister
06:24 - Trump Tariff Decision on Hold
10:20 - Leadership Vacuum in Ottawa
11:50 - Economics 101 – Tariffs and Comparative Advantage
14:45 - Canada's Response to the Wildfires in LA
18:12 - Governor Trudeau and Manifest Destiny
23:06 - Justin Trudeau's Legacy and Biggest Regret
26:50 - Identity Politics
30:40 - Predicting the Election Outcome
32:35 - Does the Israel-Hamas Peace Agreement Have Legs?
36:30 - The Trump Oligarchy
37:40 - Zelensky's Dealmaking with Trump
39:42 - Other Potential Geopolitical Hot Spots in 2025
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episodi mancanti?
-
Episode 60 is dominated by recent events in Ottawa, a period Frank describes as the most chaotic in his lifetime. Frank first dissects the decision by Chrystia Freeland to resign from her post as Minister of Finance prior to delivering the Liberal Government's Fall Economic Statement. He then provides an update on next steps for the Liberal Party including his expectation that Prime Minister Trudeau will resign, perhaps after his own walk in the snow. Next it is on to the important task at hand, that is preparing to confront President Elect Trump's tariff threats, a topic Frank discussed with Canada's Premiers at precisely the same time Freeland resigned. The discussion then moves to international affairs, including budget issues in Europe and South Korea, as well as the warp speed of events in Syria and the rest of the Middle East. The discussion finishes in the same place it always does, with both Frank and Peter bemoaning the state of their beloved Toronto Blue Jays.
This podcast was recorded on December 17, 2024.
Chapter Headings00:50 - Freeland's Shock Resignation
07:58 - Next Steps for Trudeau's Government
12:28 - Framing Canada's Response to Trump's Tariffs
24:50 - Democracy in South Korea
27:23 - The End of Assad's Reign of Terror in Syria
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Frank is back from a vacation in the Far East, and he is fired up to talk about the US Election and its implications for global geopolitics. We cover Trump's controversial cabinet picks. Frank is supportive of Marco Rubio as Secretary of State, and Rubio will have his hands full with very active global hot spots in Russia, China, and the Middle East. The conversation ends with the new US Administration's implications on Canada, including whether Canada and the USMCA will be on the inside or outside of Trump's proposed tariff wall, and timing for a Canadian election.
This podcast was recorded on November 21, 2024.
Chapter Headings
1:00 – Frank's Unique Take on the Election Result
5:07 - Handicapping Complex Senate Confirmations
12:16 - Elon Musk's New Role Running DOGE, the Department not the Coin
17:52 – Comparing Cabinet Appointment Process in US vs Parliamentary System
20:07 – Are We Nearing the End Game in Russia?
28:16 - The Future of USMCA and Relationship with Mexico
31:47 - The Latest on Timing for a Canadian Election
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
In this special edition of Geopolitics, we check in on a post-election panel discussion at the 25th Annual TD Securities Portfolio Management and Market Structure Conference. With Frank Mckenna out of the country, Geopolitics host Peter Haynes is joined by The Honorable Rona Ambrose, Deputy Chairwoman of TD Securities and Chris Krueger, Geopolitics Expert at TD Cowen's The Washington Research Group to discuss the surprising US Election results and its implications for Canada-US relations. Rona also takes time to discuss the political backdrop in Canada and potential for an election north of the border in the next few months.
Chapter Headings:
1:00 – The Outstanding Races – When Will They Be Decided?
4:30 – Rona's Biggest Surprise
10:10 – The Future of USMCA and Canada's Minerals and Water
15:55 – Trump's Potential Cabinet Appointments
23:10 – Tariffs, Immigration and Ukraine
29:00 – The 411 on Pierre Poilievre
36:40 – Key Dates Until Inauguration
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
In Episode 57, Frank invites Chris Krueger, TD Cowen's Washington politics expert, to the podcast to discuss the upcoming November 5th US Election and key factors that will determine who wins the Presidential race. Frank explains the importance of the election outcome to Canada, noting that if Trump is true to his word (and there is no reason to doubt him), then a Republican victory would lead to a weakening (if not outright end) of multilateralism globally. While the USMCA might survive, the threat of unilateral tariffs will overhang Canada-US relations for the duration of the next Administration. We discuss down ballet Congressional votes, which according to both Frank and Chris are likely to lead to a split Congress. Chris also weighs in on the risk of outlier events disrupting the peaceful transition of power. We wrap up with Frank's take on the Federal Liberal Caucus revolt, and the likelihood that Prime Minister Trudeau stays on through the next election in Canada, especially considering incumbent defeats in provincial elections from coast to coast.
Chapter Headings:
0:55 - Is the US Election the Most Consequential in History?
2:11 - Key Variables that Will Decide the Outcome
8:58 - USMCA – Threat of Unilateral Sanctions from a Trump Administration
14:07 - Will the Prime Minister Push Biden to Resolve Softwood Lumber Dispute?
16:50 - Risk of Outlier Events Disrupting Peaceful Transition of Power
27:02 - Trump Tax Breaks and Debt Ceiling
33:19 - Placing Bets on the Winner
36:28 - Liberal Caucus Revolt and Likelihood Trudeau Stays on Through Next Election
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episode 56 is a mostly Made in Canada geopolitical discussion. Frank covers the NDP decision to end its supply and confidence agreement with Prime Minister Trudeau and his Liberal Party, leading to speculation of a snap election soon in Canada. Frank handicaps the three provincial elections in Canada in October in BC, Saskatchewan and his home province of New Brunswick where it is a close race dictated by regional differences in voter preferences. As two months have passed without a decision by Trudeau to step down, it appears to Frank like the Prime Minister will stay on to lead the Liberals through the next election. Frank puts concern over border security in Quebec in perspective as minor in comparison to the southern border of the US and then finishes the conversation with US election predictions and a discussion on the disturbing escalation in tensions between Israel and Hezbollah.
Chapter Headings
00:46 - NDP Ends Supply and Confidence – What is its Calculus?
03:35 - Tick Tock – Time Passes and Trudeau is Still Leader
07:52 - Handicapping Three Provincial Elections in October
13:27 - Frank Meets Liberal Cabinet on CAD-US Relations – Takeaways
18:30 - Border Security – Quebec-New York State
24:22 - Canada's Obsessions with US Politics – Is it Unhealthy?
26:38 - 40 Days Until the US Election
31:49 - Israel's Pre-Emptive Strike on Hezbollah
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
In Episode 55, Frank discusses Ukrainian tactics in its war with Russia, suggesting that the incursion into Russian territory and recent drone attacks are more than just bargaining chips. Crossing back to North America, we discuss the on-going love in with the Harris-Walz ticket, and the importance of Trump vs Harris on September 10. Frank downplays the significance of an RFK Jr defection to Trump's camp as it remains unclear whether the existence of RFK Jr as a third-party candidate helps or hurts the Republicans. Before we finish with our proverbial critique of the Jays, Frank offers his thoughts on the importance of public-private partnerships in fixing Canada's aging infrastructure.
Chapter Headings
05:22 - Ukraine's Aggressive Move into Russia
11:14 - Democrats Control the News Cycle
18:24 - Is RFK Important to Trump?
23:57 - Trudeau's Calculus
28:20 - How to Fix Canada's Aging Infrastructure
This podcast was recorded on August 21, 2024
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Who says the summer is boring? In Episode 54, Frank admits there is not enough time in the day to keep up with the current geopolitical landscape. After a brief history of Frank's storied career, this month's discussion moves quickly to President Biden's decision to not seek re-election, the rise of Kamala Harris and her candidates for running mate and then pivots to Trump, Trump 2.0 (JD Vance), the assassination attempt and the Florida judge's decision to throw out the document's case on a technicality. We then switch gears to Canada where Frank offers his thoughts on the parallels between Biden's decision to not seek a second term and Prime Minister Trudeau's current dismal showing at the polls, suggesting that a decision on Trudeau's future will be made soon if he plans to end his run in 2025. We ended with a question about the possibility the new UK government will revisit Brexit, a decision Frank suggests ranks in the top 3 worst political decisions of the last half century. On the topic of separation votes, Frank discusses how he mobilized citizens of New Brunswick to join a rally in Montreal ahead of the Quebec separation vote in 1995, one of his prouder, yet nerve-racking moments as Premier.
Chapter Headings:
00:30 - Frank's Storied Career
05:33 - The End of President Biden
17:44 - Trump's Eventful Two Weeks
23:42 - The Biden-Trudeau Parallels
31:28 - Will the New Starmer Government in the UK Revisit Brexit?
36:24 - Mobilizing the Citizens of New Brunswick in 1995 to Save Canada
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episode 53 is all about elections. Frank first covers the upcoming twin bill of elections on the other side of the Atlantic starring the French and English. The former coming as quite a surprise to the market, and the latter appearing to be a foregone conclusion, with the only item left to decide being the future of the UK Conservative Party which is expected to be obliterated at the polls on July 4. In France, Frank questions President Macron's calculus for calling a surprise summer election. Believing he could be holding together a centrist coalition while being threatened on both flanks, with the right-wing National Rally party occupying first place in polling, and a left-wing coalition also leading the incumbent government. We then move on to discuss two recent important elections. First, Mexico and the success of out-going leader AMLO's hand-picked successor Claudia Sheinbaum, who bucked the global trend of incumbent government disruption in other elections. Then we discuss President Modi's inability to garner a majority victory in India despite having tailwinds, including a powerful social media campaign. Finally, Frank offers his opinion on the importance of the US Presidential debates, and Trump's never-ending Apprentice-like search for his November running mate.
Chapter Headings:
03:08 - Bank of Canada Rate Decision
06:18 - Frank's Hot Button Topics: Elections and Capital Gains
09:21 - Macron's Gambit
15:10 - Starmer's Steamroll in the UK
18:02 - Future of the Conservative Party
22:48 - AMLO's Protégé in Mexico
28:16 - Reining in Modi in India
33:13 - Importance of US Election Debates and Trump Running Mate
This podcast was recorded on June 18, 2024.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episode 52 takes us on a journey across several continents and covers a wide spectrum of topics. After remembering the legacy of his good friend and New Brunswick business icon Arthur Irving, who passed away recently, Frank covers the Sunak government's decision to call an early election in the U.K. and the trend toward authoritarian governments around the world, calling it a cyclical rather than secular trend. Frank checks in on new Argentine President Javier Milei's efforts to reduce the size of government and services in order to improve its financial position, a process that is complicated and requires compromise. He tells the U.S. Senators complaining to Trudeau about Canadian defense spending to stand down as the country's defense spending is moving in the right direction. Finally, he covers the U.S. election and suggests that despite his likely guilty verdict, Trump's opposition ought to change the narrative from "Trump is bad" to "Trump is going to get off".
Chapters
00:37 – Canada Loses Another Business Icon Arthur Irving05:36 – Sunak's Surprise UK Election Call
12:03 – Is the Move to Authoritarian Leaders a Secular or Cyclical Change?
15:04 – Checking in on Argentina's President Javier Milei
20:34 – Bi-Partisan Letter From Senators to Trudeau on Defense Spending
24:39 – Trump the Martyr
This podcast was recorded on May 24, 2024.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
n Episode 51, we circle back to Canada and focus on some of the key issues impacting our beautiful country. After a quick discussion on the apparent de-escalation of hostilities between Iran and Israel, which Frank is hopeful is permanent, we spend most of the podcast on budget related matters. Frank discusses the government's calculus in choosing to increase inclusion rates on capital gains over a windfall tax on food or energy companies, and then applauds the government's decision to appoint Stephen Poloz to work with Canadian pension funds on investment opportunities domestically. He then breaks down the budget's $8.5 billion dollar commitment to housing and its increase in defense spending, a move that was greeted with applause by other NATO members, including the US. He finishes the podcast lamenting the government's failed messaging on its carbon tax and rebate program. On a positive note, Frank shows some in-season love to the Blue Jays for perhaps the first time in modern history.
This podcast was recorded on April 22, 2024.
Chapter Headings
0:52 - De-escalation in Middle East
8:22 - Ottawa Chooses Capital Gains over a Windfall Tax on Food or Energy
17:20 - Poloz on Pension Funds
25:00 - Canada Moving Closer to its 2% of GDP Target for Defense Spending
28:03 - Are We Spending Enough on Housing?
32:13 - The Failed Messaging for Canada's Carbon Tax and Rebate System
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
In Episode 50, Frank invite's our colleague Chris Krueger to the podcast to help our listeners navigate the next 8 months until the November US Election. We cover a lot of ground in 45 minutes, including the importance of foreign policy on the US Election, Democratic pressure on Israeli leader Netanyahu to mitigate civilian casualties, how Biden can change the narrative on the US Economy, the Octogenarian age issue of the candidates, Trump's legal woes, and the potential for third party candidates to impact the outcome of the election. Finally, Frank takes a moment to remember the legacy of his good friend, former Prime Minister of Canada Brian Mulroney.
Chapter Headings
The Legacy of Canada's 18th Prime Minister Brian Mulroney
Importance of Foreign Policy on US Election
Can Biden's Position on Israel Flip Swing States?
Budget Issues: The Southern Border and Ukraine
Changing the Narrative on the US Economy
West, RFK Jr and Stein: The Impact of Third Party Candidates
Biden's Age and the SOTU
The Latest on Trump's Legal Woes
This podcast was recorded on March 18, 2024
Disclaimer
This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.
To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
In this episode, Frank discusses the very active calendar of events in the War in Ukraine, Trump's wins and losses in the primaries and the courts respectively, along with recent developments in China as relations with the US continue to thaw. Frank also provides a history lesson on how close Canada came to owning the Turks and Caicos Islands and covers off some of the good news stories in global geopolitics.
Chapter Headings
5:26 - New Developments in the War in Ukraine
14:18 - Trump's Eventful Month – Can he pay his chits?
22:44 - Protests Erupt in Israel Calling for Netanyahu's Resignation
28:08 - What is New in China?
30:06 - Frank's back on the Jays Bandwagon – that didn't take long
This podcast was recorded on February 26, 2024.
Disclaimer
This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Back by popular demand, in Episode 48 Frank returns to the predictions game on 10 geopolitical topics important in Canada, the US and around the world in 2024. Topics covered in this predictions episode cover a wide ranging set of issues including: the likelihood that Prime Minister Trudeau continues to lead the Liberal Party, immigration issues in Canada and at the southern border the United States, the next phase of the Canada-India diplomatic row, as well as a complete analysis of the US election and former President Donald Trump's legal woes that will likely play a part in the election result on November 5th. We finish covering three global hot spots, the war in Ukraine, the Israel-Hamas dispute, and the likelihood North Korea moves from rhetoric to action in its tough talk with its neighbor in South Korea.
Chapter Headings
1:02 – 1. Will Liberal Leaders Tell Prime Minister Trudeau it is time to retire?
4:50 – 2. What happens to Canada-India Relations if and when Assassination Evidence is Made Public?
8:16 – 3. Immigration Problems for Canada and at the Southern Border of the US
19:16 - 4. Predicting the Outcome of Former President Trump's Legal Woes
25:06 - 5. Name the Democratic and Republican Leaders that Face off on September 16th at the First Presidential Debate?
25:29 – 6. Who Wins the US Election?
29:17 – 7. Who Controls the House and Senate after November 5th?
30:54 - 8. Is there an Off Ramp in 2024 to end the Russia-Ukraine Conflict?
33:32 - 9. Does the Israel-Hamas Conflict End this year and, if yes, then what is the catalyst?
36:50 - 10. Will North Korea Flex its Muscles on South Korea?
40:36 - Quick Hitters – Frank's Take on CPI, WTI, the S&P 500 and the Stanley Cup and World Series Champions
41:47 - A Review of 2023 – Frank's Winners and Losers
This podcast was recorded on January 29, 2024.
Disclaimer
This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
In our last episode before the calendar turns to 2024, the conversation begins in Israel where Prime Minister Netanyahu struggles to maintain support for his war against Hamas. Next, we shift to Russia, where President Putin warned his neighbor Finland, a recently minted NATO member, that he will be assigning military to the Russia-Finland border area despite acknowledging he has no territorial rights over NATO nations. Back in Canada, Frank is critical of Quebec's decision to raise language standards and tuition costs for out of province students, a blow to McGill and Concordia along with the City of Montreal who will suffer due to a lack of enrollment and corresponding reductions in revenue. The conversation then moves on to David Dodge's recent paper on improving productivity for Canada, a problem that Frank thinks is worthy of a Royal Commission. We finish with a review of Canada's proposed Cap and Trade system to address oil and gas emissions and a postmortem of Argentina's new President Javier Mileil's first week on the job.
Chapters
1:26 – Netanyahu's Western Support Crumbling9:28 – Putin's Warning to Finland
14:50 – A Blow to English Speaking Universities in Quebec
18:28 – Solving Canada's Productivity Gap
26:00 – Canada's Cap and Trade Solution
31:30 – Mileil's First Week on the Job
This podcast was recorded on December 18, 2023.For relevant disclosures, visit: tdsecurities.com/ca/en/tds-geopolitics-episode-47. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episode 46 covers a lot of geography. We start with a review of recent victories by right wing leaders in Argentina and Netherlands, which Frank believes is part of the natural pendulum swinging opposite incumbent center-left leadership amplified by Trump-related populist rhetoric. We spend a lot of time in Canada, first discussing Canada's position on the wrong side of NATO's defense spending targets and then with respect to the Liberal Party's recent Fall Economic Statement, in which the Government's target of "modest" deficits will be brought into question. We finish the Made in Canada discussion on more Alberta grievances, this time with respect to the legality of Federal net zero targets for Canada's electricity-grid. After Canada, Frank updates us on the thawing India-Canada relations; whether the Israel-Hamas war is contained; then ending on a positive note with a discussion on improving US-China relations.
Right Wing Victories in Netherlands, Argentina – 1:40
Western World Atrophy Towards Ukraine – 8:00
Canada's Defense Spending Problem- 14:00
More than Modest Deficits in Canada – 17:30
More Alberta Grievances – 27:50
US Follows Canada - Alleges Indian Plot to Kill Sikh American – 33:50
Is Israel-Hamas War Contained? – 37:20
Lowering the Temperature between Super Powers – 41:20
This podcast was recorded on November 27, 2023.
This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episode 45 comes at you straight from TD's 24th Annual Portfolio Management and Market Structure Conference, held November 2nd. Frank is joined on stage by Chris Krueger of TD Cowen's Washington Research Group for a panel discussion entitled The Washington Circus. Before Chris and Frank dig in on Washington, they first discuss the emerging threat of a broadening unrest in the Middle East, which Frank feels can and will be contained, but it is a dangerous situation. Chris plays the role of Washington Insider for an update on House negotiations for continued aid to Israel and Ukraine ahead of a potential Government shutdown on November 17th. Turning to the election cycle, Frank addresses the impact of third-party candidates such as RFK Jr., No Labels and Cornel West of the Green Party on both the Democrats and Republicans while Chris adds his thoughts on the likelihood of competition for Trump and/or Biden in the primaries. Frank finishes with an update on India-Canada relations and a passionate plea for Alberta to move on from the idea of separating from the CPP, earning him the first ever audience intra-session ovation in the 24-year history of our conference.
Containing the Israel-Hamas War – 3:35
The Future of Netanyahu – 16:50
An Election Cycle Update – 20:08
Gerrymandering 101 – 33:20
Frank's Message to our Prime Minister about CPP – 52:10
Canada-India – 55:30
This podcast was recorded on November 2, 2023.
For relevant disclosures, visit: tdsecurities.com/ca/en/tds-geopolitics-episode-45. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Frank McKenna, a proud Canadian, shows his true passion for Canada in Episode 44 first defending Canada in its diplomatic dispute with India over the killing of Hardeep Singh Nijjar, a Canadian Member of the Sikh diaspora in Surrey, BC, then arguing against Alberta's potential separation from CPP and finally championing the partnership between The Federal Government and Indigenous communities for the soon to be finished Trans Mountain Pipeline. Frank believes Canada's actions are enough following the unfortunate incident during Ukrainian President Zelensky's parliamentary visit in Ottawa that has now been politicized in both Canada and Russia and he touches on the impact of a US government shutdown. The pod finishes up with Frank asking, perhaps rhetorically, for more cheerful topics next month – we make no promises.
Unpacking Canada's Diplomatic Row with India – 4:15
Canada's Embarrassment in Parliament – 20:25
Alberta's Report on Separating from CPP - 23:51
One Step Closer to Trans Mountain Pipeline Completion – 31:42
The US Government Shutdown – 37:56
This podcast was recorded on September 27, 2023.
For relevant disclosures, visit: tdsecurities.com/ca/en/tds-geopolitics-episode-44. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
-
Episode 43 is entitled "More of the Same" because Frank returns to common threads from previous episodes namely Trudeau, climate, immigration, war, and Trump. Frank discusses recent meetings with members of the Prime Minister's cabinet who stop by Frank's residence in New Brunswick en route to this week's retreat in PEI. Top of mind items for Canada's government leaders include the public's growing belief that Ottawa is the primary cause of inflation, whether it is time to slow down on immigration in response to public pleas, and lack of affordable housing for 25-40 year old Canadians. Frank takes aim at last month's alarming Auditor General's report in Ontario on Greenbelt re-zoning, and the decision by the Ford government to press forward with re-zoning despite a growing outcry from opposition leaders. He also weighs in on Trump, who is again, front and center with a fourth indictment in Georgia. Finally, Frank finishes up talking summits, both at Camp David, and in South Africa, where BRIC members discuss options for reducing dependence on the US dollar as the world's reserve currency.
1:12 - Social Media's Impact on Natural Disasters
6:20 - Greenbelt Controversy in Ontario
11:56 - Trump – Indictment #4 – Will Supreme Court Be Ultimate Arbiter?
19:44 - RFK Jr – Legitimate Threat to Biden?
23:44 - Trudeau's Cabinet Retreat – Changing the Narrative on Inflation
28:29 - Southeast Asia Comes to Camp David – Poking China
30:30 - BRICS Summit – Takeaways
This podcast was recorded on August 22, 2023
This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed.
To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.
- Mostra di più
