Both the Bank of Canada and the U.S. Federal Reserve held rates steady last week — but the real story was in the details. In this episode, Saakshi Mehta and host, Zayla Saunders, unpack the messaging behind the holds, what the Fed's newleadership could mean for markets, and why a 60-20-20 portfolio approach is worth a closer look right now.

Zayla Saunders is Vice President of ETF Online Distribution at BMO Global Asset Management (BMO GAM). She is joined by Saakshi Mehta, Vice President, ETF & Alternative Strategy at BMO GAM. This episode was recorded live on Monday, May4, 2026.

ETFs mentioned:

· BMO Short Federal Bond Index ETF (Ticker: ZFS)

· BMO Short-Term US TIPS Index ETF (Ticker: ZTIP)

Sources:

ETF Flows, according to the National Bank Report, February 2026

Macro Notes - Fed and BoC on Hold

CPI: Consumer Price Index

The Fed: The U.S. Federal Reserve Board

Volatility: measures how much the price of a security, derivative, or index fluctuates. The most commonly used measure of volatility when it comes to investment funds isstandard deviation.

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