The Puck Drops on Federal Election in Canada

The Puck Drops on Federal Election in Canada

Author: TD Securities April 30, 2025 Duration: 52:46
In Episode 64, Frank covers the Canadian election from top to bottom, including addressing unflattering comments about Canada as a country from the leader of the Bloc Quebecois and the Premier of Alberta. Frank addresses each of the major platform concerns of Western leaders as it relates to natural resource and pipeline development including Bill C69, the energy cap and industrial carbon tax. He provides a 101 lesson on equalization payments, a source of frustration for Western provinces who typically are not recipients of transfers from the Federal Government by virtue of low tax bases and resource reserves. The episode then shifts to Canada-US relations, where Frank addresses President Trump's interference with the Canadian election and expectations for renegotiation of a trilateral trade agreement, which he suggests Canada reluctantly pursue, but with eyes wide open and asks from the north side of the border. He finishes with an update on the war in Ukraine and, of course, laments the state of play of his beloved Toronto Blue Jays. This podcast was recorded on April 29, 2025. Chapter Headings: 00:29 - First Take on Election Results and Future of Unelected Pierre Poilievre 09:34 - Regional Interests Take Centre Stage 13:17 - Addressing Western Canadian Demands 28:17 - Equalization Payments 36:26 - Trump and the Canadian Election 42:50 - The 90 Day Tariff Negotiation 48:00 - Back and Forth on Russia-Ukraine

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: 53

Geopolitics with Frank McKenna
Podcast Episodes
Trump's Iran Conundrum [not-audio_url] [/not-audio_url]

Duration: 58:39
In Episode 76, Frank ponders the potential outcomes of the War in Iran and its impact on other global geopolitical events. He believes that despite a wide bid-ask spread in peace negotiations between Iran and the US that…
Tariff Debate Takes Centre Stage [not-audio_url] [/not-audio_url]

Duration: 44:37
What if Cuba became a territory of Canada? What if Justice Alito suddenly retired this summer? These are just two of Frank's more provocative thoughts in this month's episode of Geopolitics. Frank also addresses the "mon…
Is Chaos a Distraction? [not-audio_url] [/not-audio_url]

Duration: 50:23
Two weeks have passed since Frank last spoke to listeners. Since then, it has been chaos in global geopolitical circles, with Frank wondering whether some of this noise is meant to distract from issues the US Administrat…
December Musings and Predictions for 2026 [not-audio_url] [/not-audio_url]

Duration: 43:03
Episode 72 of Geopolitics is a mix of current events and predictions for 2026. Frank discusses the U.S.'s recently released National Security Strategy that some pundits believe is akin to the original Monroe Doctrine pub…
Carney Travels the World While Managing Complex Domestic Agenda [not-audio_url] [/not-audio_url]

Duration: 49:39
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…
Trade Update and Canada's Budget – Rona and Frank Debate [not-audio_url] [/not-audio_url]

Duration: 55:49
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 Chairwoma…
Never a Dull Moment in Washington [not-audio_url] [/not-audio_url]

Duration: 49:03
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…
Franks Funk [not-audio_url] [/not-audio_url]

Duration: 48:57
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 tha…
CUSMA, Ukraine and Gerrymandering in Frank's Crosshairs [not-audio_url] [/not-audio_url]

Duration: 53:32
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 ne…