Carney Travels the World While Managing Complex Domestic Agenda
Frank comes out on fire in Episode 71 when questioned on his recent travels to the Middle East, describing the region as hot, and clearly justifying the Prime Minister's recent outreach for partnerships with countries in the region. He summarizes thoughts on the recent COP 30 and the G20 Summits, as well as trade negotiations with the US and he highlights a sleeper issue in Canada, which is the growing popularity of a separatist party in Quebec with a mandate to vote for separation. He finishes with thoughts on political meddling allegations, Marjorie Taylor Greene's resignation, and other hot topics in Washington. This podcast was recorded on November 26, 2025 Chapter Headings: 03:41 Ukraine Peace Plan Makes Progress – Why Now?08:31 Is COP 30 Past its Best Before Date?13:33 The BC Pipeline Debate24:04 Quebec Separation Chatter26:26 Trade Negotiations and Political Meddling39:10 Is Marjorie Taylor Greene's Resignation a Canary?41:23 Other News in Washington
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.
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49:39
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49:39
Trade Update and Canada's Budget – Rona and Frank Debate
Episode 70 of Geopolitics is a bonus episode taken from a panel at our recent Portfolio Management and Market Structure Conference. Frank McKenna is joined by his TD colleague The Honorable Rona Ambrose, Deputy Chairwoman, TD Securities, and former leader of the Conservative Party in Canada, for a discussion that includes the on again off again trade negotiations between Canada and the US and a review of last week's budget in Canada. While Frank admits the budget was likely over-hyped and a disappointment, Rona takes direct aim at the fact the incumbent government clearly stated that younger generations will need to suffer and made no attempts to appease the interest of the other parties in parliament with its budget decisions. Frank admits he still does not know what Trump's end goal in trade negotiations with Canada is but believes the end deal between the two countries is likely to be much narrower than anticipated originally. This podcast was recorded on November 6, 2025 Chapter Times: 02:09 - Trump's Real Motivation for Suspending Trade Negotiations20:33 - The View Inside the Republican Party on Trade23:09 - Supreme Court Appears Skeptical of Trump's Use of IEEPA28:14 - Signals from Off Cycle US Elections34:54 - Gerrymandering41:07 - First Take on Canada's Budget
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.
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55:49
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55:49
Never a Dull Moment in Washington
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 Negotiations13:39 - Carney's Balancing Act with Canada's Premiers17:09 - Setting the Record Straight on Tariff Revenues22:20 - Pipelines Back in the News in Canada29:07 - Explaining Washington's Work Stoppage33:53 - Is Stellantis's Brampton Plant Closure the Canary?38:33 - Gerrymandering Gone Wild43:41 - 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.
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49:03
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49:03
Franks Funk
Frank comes to the September podcast taping in a somber mood, strange for someone who prides himself as the eternal optimist. What has Frank in a mood? Well, he lists several issues with the current US Administration that has him questioning the United States's position as leader of the free world. Meanwhile he is very concerned about the prospect Trump triggers the shotgun clause on CUSMA wiping out the existing agreement, a possibility allowed under Article 34.6 of the Agreement. Hence the need for Canada's Prime Minister Carney to continue to strengthen trading relationships outside of the US such as was evidenced with his recent meeting with Mexican President Claudia Sheinbaum. Frank likes the appointment of Dawn Farrell to head the Major Projects Office and is bullish on the prospects that the one project, one review, one decision two-year time frame for Major Projects is realistic. Frank provides his thoughts on free speech in the wake of Charlie Kirk's assassination and on Putin's addiction to War. Finally, Frank cracked his familiar smile again when talking about his beloved Blue Jays as we do at the end of every podcast. This podcast was recorded on September 23, 2025 at 6 pm EST Chapter Headings:00:52 Frank's Somber Mood Towards Canada-US Relations06:33 Will Trump Renegotiate or Blow-Up CUSMA?20:50 Carney Branches Out Trading Relationships23:09 Dawn Farrell and Canada's Five Major Infrastructure Projects28:58 Canada Joins Other G7 Countries in Recognizing Palestinian State34:33 The Polarized US Political Landscape41:26 Putin's Addiction to War
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.
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48:57
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48:57
CUSMA, Ukraine and Gerrymandering in Frank's Crosshairs
Frank is back after a month off with a lot to cover in the current Episode 67. He starts with a review of Canada's handling of forest fires, an area where Canada is arguably a world leader, and what can be done in the new normal to mitigate risk of future forest fire growth. Frank discusses the pros and cons of back to work legislation by the Federal Government used in the Air Canada flight attendant strike and is frustrated whenever one party has too much leverage in work disruptions. After covering the latest on trade negotiations between Canada and the US and the potential sale of infrastructure assets by Canada's Federal Government, he switches gears to US politics, finishing up on Trump's dramatic efforts to broker an end to the Ukraine – Russian war and the gerrymandering of districts fight on-going in Texas. This podcast was recorded on August 19, 2025. Chapter Headings 04:40 - Forest Fire Mitigation Tools10:08 - Air Canada Strike Resolution is Teaching Moment18:25 - Canada's New Normal Trade Arrangement with US33:23 - Will Canada's Federal Government Sell Infrastructure Assets?37:38 - Trump's Full Court Press to End the War in Ukraine44:39 - Gerrymandering in Texas – A Precursor to More Partisan Politics
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.
Frank McKenna, Deputy Chair at TD Securities and former Premier of New Brunswick and Canadian Ambassador to the United States, discusses geopolitical issues of the day in this monthly series hosted by Peter Haynes, Managing Director at TD Securities.
For relevant disclosures, visit https://www.tdsecurities.com/ca/en/geopolitics-podcast-public
Canada - english