In this episode, Manmit Pandori, head of tactical and accrual trading at BMO, joins me to discuss President Trump's tariff announcement, the financial market reaction, how the macro backdrop might unfold, and how he is managing risk in this highly volatile and uncertain world.

As always, all feedback is welcome. 

In this episode, Jeff Oland, part of BMO’s Government of Canada bond trading team, joins me to discuss this week’s hot CPI report and whether everyone (including the Bank of Canada) has inflation wrong, how fiscal policy could evolve over the coming year, the outlook for interest rates and opportunities in the bond market.

As always, all feedback is welcome. 

In this episode, Chris D’Onofrio, one of BMO’s Canadian dollar swap traders, joins me to discuss the on again/off again tariff threats, swap spreads, the upcoming Bank of Canada policy announcement, and his favourite trades.

As always, all feedback is welcome.

In this episode, Darren Campbell, BMO’s head of FICC Investor Sales Canada, joins me to discuss the wild events of the past week, how tariffs could evolve, and what it could mean for the Bank of Canada.

As always, all feedback is welcome.

In this episode, the Honourable Scott Brison, BMO Vice-Chair and a former Member of Parliament, joins me to discuss Canada’s political backdrop. Scott outlines the current state of the government amid President Trump’s tariff threats, his experiences with some of Canada’s key political figures ahead of what could be a spring election, and what’s needed to improve persistently weak productivity.

Following the interview with Mr. Brison, I provide a quick take on my expectations for next week’s Bank of Canada policy announcement, and my favourite trade ideas.

As always, all feedback is welcome.  

Episode Timecodes:

In this episode, Andrew Wallace, part of BMO’s Government of Canada bond trading team, joins me to discuss what he’s focusing on in the coming year, the extreme cross-market richness of GoCs and when the tide could turn, and opportunities in the bond market.

As always, all feedback is welcome.  

In this episode, Matthew Baird, part of BMO’s institutional fixed income sales team in Vancouver, joins me to discuss what to expect from next week’s Bank of Canada policy announcement, the North American fiscal backdrop, the outlook for 2025, and our favourites trades as we head into the New Year.

As always, all feedback is welcome.

In this episode, Douglas Porter, BMO’s Chief Economist, joins me to discuss how President-elect Trump’s return to the White House could impact the Canadian economy, the outlook for the Bank of Canada, interest rates and the Canadian dollar as we head into an uncertain 2025.

As always, all feedback is welcome.

In this episode, Joel Prussky, BMO’s OIS and cross-currency trader, joins me to break down this week’s 50 bp rate cut from the Bank of Canada, whether more super-sized cuts should be expected, the extent of Canada-US policy divergence, and views on the market as we head toward year-end.

As always, all feedback is welcome.

In this episode, Adam Whitlam, part of BMO’s Canadian institutional fixed income sales team, joins me to discuss the impact of the latest GDP figures on the outlook for Bank of Canada, the coming changes to mortgage insurance regulations, investors’ views on duration, why provincial spreads look attractive, and our favourite trade ideas.

As always, all feedback is welcome.