In Episode 69, Frank invites Chris Krueger, Strategist with TD Cowen's Washington Research Group, to join the pod to help navigate the fast-moving developments in Washington including the government work stoppage, Canada-US trade negotiations, and the postmortem of President Trump's recent Whitehouse meeting with Ukraine President Zelensky. Frank describes trade negotiations as slogging along given that the two countries have incredibly inter-twined economies, and a complex trade and security relationship. Pipelines are back in the news and Frank weighs the pros and cons of a Keystone restart or pipeline to the Northern BC Coast with continued expansion of existing infrastructure. Chris provides our mostly Canadian audience with a 101 on gerrymandering, and its impact on mid-term elections. The two geopolitical experts finish up discussing the merits of a Nobel Peace Prize for Trump and potential end to the war in Ukraine.

This podcast was recorded on October 20, 2025

Chapter Times:

01:31 - Slogging Through Canada-US Trade Negotiations

13:39 - Carney's Balancing Act with Canada's Premiers

17:09 - Setting the Record Straight on Tariff Revenues

22:20 - Pipelines Back in the News in Canada

29:07 - Explaining Washington's Work Stoppage

33:53 - Is Stellantis's Brampton Plant Closure the Canary?

38:33 - Gerrymandering Gone Wild

43:41 - Peace Negotiations in Middle East and Ukraine

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.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.