The Future of Canada-US Relations

The Future of Canada-US Relations

Author: TD Securities February 19, 2025 Duration: 1:03:30
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

Each month, Peter Haynes sits down with Frank McKenna for a conversation that cuts through the noise of global headlines. The Geopolitics with Frank McKenna podcast provides a rare perspective, shaped by McKenna’s unique blend of experience as a former Canadian Premier and Ambassador to the U.S., now serving as Deputy Chair at TD Securities. This isn't a theoretical discussion; it's a practical analysis of how international tensions, trade disputes, and shifting alliances directly impact markets and business strategies. You’ll hear nuanced takes on the stories dominating the news, grounded in a deep understanding of both political corridors and boardrooms. Haynes guides these monthly dialogues to unpack complex issues with clarity, making the forces shaping our world accessible and relevant. For anyone looking to comprehend the real-world implications of global power dynamics, this series offers essential listening. The insights throughout this podcast come from a place of firsthand experience, offering listeners a valuable lens on the interconnected nature of policy and finance. Tune in for thoughtful, forward-looking conversations that go beyond the soundbite.
Author: Language: English Episodes: 50

Geopolitics with Frank McKenna
Podcast Episodes
A Turning Point in the War in Ukraine [not-audio_url] [/not-audio_url]

Duration: 32:39
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 t…
Frank's 2024 Geopolitical Predictions [not-audio_url] [/not-audio_url]

Duration: 47:21
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 rang…
Ottawa Fighting Battles on Several Flanks in Canada [not-audio_url] [/not-audio_url]

Duration: 40:30
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 P…
The Political Pendulum Shifts Right [not-audio_url] [/not-audio_url]

Duration: 46:41
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…
The Washington Circus [not-audio_url] [/not-audio_url]

Duration: 1:00:19
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 pane…
Unpacking Canada's Diplomatic Row with India [not-audio_url] [/not-audio_url]

Duration: 41:59
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…
More of the Same [not-audio_url] [/not-audio_url]

Duration: 35:50
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 Min…
The Not So Summer Doldrums [not-audio_url] [/not-audio_url]

Duration: 43:28
In Episode 42, Frank checks in from his summer location in New Brunswick for a wide ranging discussion on a busy geopolitical calendar. We start close to home with a recap of Secretary of State Hillary Clinton's recent s…
Breaking Down a Russian Coup Attempt [not-audio_url] [/not-audio_url]

Duration: 39:43
In Episode 41, Frank breaks down the startling developments that unfolded in Russia over the weekend, with the mercenary Russian army known as the Wagner Group apparently turning on President Putin and leading to a near…