The Download with David Richardson

Best of 2025: Adapting to market changes with Buffett wisdom

Contributed by Lukas

Stu Kedwell examines the recent rebound from previous lows, noting that while market concerns about tariffs have eased, the short-term outlook remains...

Best of 2025: Exploring the evolving AI landscape and its impact on investment strategies

Contributed by Lukas

David Tron shares insights from his recent trip to San Francisco, where he met with leaders of major technology companies and venture capitalists to d...

Market insights: opportunity in geopolitical uncertainty

02 Apr 2026

Contributed by Lukas

Stu Kedwell shares practical strategies for investors facing today's complex markets. Stu also explains how dollar-cost averaging can help to strength...

Active investing in uncertain times

26 Mar 2026

Contributed by Lukas

Sarah Riopelle explores how she actively repositions the portfolios she manages as economic data changes, why the 60/40 portfolio still delivers, and ...

Beyond the headlines: why a long-term strategy can still win

19 Mar 2026

Contributed by Lukas

Dave Richardson and Stu Kedwell break down what geopolitical tensions mean for your portfolio and why markets may be pricing in a recovery too quickly...

Energy, opportunity, and the power of active management

16 Mar 2026

Contributed by Lukas

Join Dave Richardson and Sarah Neilson as they break down rapid market swings across energy, gold, and commodities. Sarah shares how active managers s...

Navigating oil shocks and volatility

09 Mar 2026

Contributed by Lukas

Eric Lascelles breaks down the economic impact of the Iran conflict and rising oil prices. He explores how energy disruptions affect different regions...

Shots on goal: why consistency beats luck in investing

26 Feb 2026

Contributed by Lukas

Stu Kedwell discusses the early 2026 market volatility driven by artificial intelligence and its implications for businesses across sectors. Using Tea...

Responsible investment: five key trends for 2026

23 Feb 2026

Contributed by Lukas

Melanie Adams discusses trends shaping the responsible investment landscape, including artificial intelligence, shifts in defense stock perspectives g...

Exploring emerging opportunities in Japanese equities

17 Feb 2026

Contributed by Lukas

David Soh, Head of Research and Portfolio Manager for RBC Asian Equity at RBC Global Asset Management Limited, discusses his career trajectory into t...

Through the volatility: diversification strategies for tech’s AI transformation

13 Feb 2026

Contributed by Lukas

Stu Kedwell discusses tech investment spending and market concerns about business model sustainability following recent AI announcements. Stu also hig...

Decoding Canada’s January jobs report and what it means for growth

10 Feb 2026

Contributed by Lukas

Eric Lascelles unpacks a mixed Canadian jobs report for January, revealing job losses offset by gains in full-time employment and aggregate hours work...

Looking past market enthusiasm for hidden value

30 Jan 2026

Contributed by Lukas

Stu Kedwell shares his insights on current market developments, including short-term, headline-driven volatility, emerging markets’ outperforman...

Fixed income strategy 2026: bond market outlook and yield opportunities

29 Jan 2026

Contributed by Lukas

Stephen Pitts discusses the fixed income market landscape, looking back at 2025 performance and shares his outlook for 2026 interest rate expectations...

AI, policies, and mid-caps: what to watch in markets this year

22 Jan 2026

Contributed by Lukas

David Tron reflects on 2025's market resilience, attributing it to policy changes and AI advancements, noting the potential for continued momentum int...

Global economic shifts: productivity, growth, and technological change

16 Jan 2026

Contributed by Lukas

Eric Lascelles analyzes the latest job market trends and economic indicators, from the impact of AI on employment and productivity to the effects of t...

Untapped potential: the case for emerging market equities

15 Jan 2026

Contributed by Lukas

Philippe Langham, Managing Director and Senior Portfolio Manager, Head of Emerging Market Equities, RBC Global Asset Management Limited, analyzes the...

Navigating global equities in a world of change

14 Jan 2026

Contributed by Lukas

Jeremy Richardson, Senior Portfolio Manager of Global Equities at RBC Global Asset Management Limited, explores critical themes shaping global equiti...

Navigating market volatility in 2026: strategies for long-term resilience

13 Jan 2026

Contributed by Lukas

Sarah Riopelle reflects on 2025 and highlights investment themes for 2026. Themes include market resilience amid tariffs and geopolitical volatility, ...

European markets: trends and opportunities for 2026

08 Jan 2026

Contributed by Lukas

David Lambert, Managing Director & Senior Portfolio Manager, Head of European Equities, RBC Global Asset Management Limited, discusses key themes...

AI productivity and market shifts: key investment themes for 2026

07 Jan 2026

Contributed by Lukas

Stu Kedwell examines the themes shaping 2026, including the potential for non-U.S. markets to maintain outperformance and the critical shift in AI foc...

Best of 2025: decoding 2026 predictions for tech, healthcare and AI

05 Jan 2026

Contributed by Lukas

Marcello Montanari and Rob Cavallo discuss key trends shaping the 2026 outlook, including rising AI skepticism, Google’s AI resurgence through i...

Best of 2025: retirement planning for every stage

02 Jan 2026

Contributed by Lukas

Dan Chornous outlines strategies for balancing growth and protection before and during retirement, including managing equity portfolios, diversifying ...

2025 in review: strategic lessons for tomorrow’s markets

23 Dec 2025

Contributed by Lukas

Stu Kedwell reflects on 2025 in markets as a volatile yet reasonable year, emphasizing discipline and a balanced perspective in navigating uncertainty...

Economic whirlwind: job markets, inflation, and policy shifts

22 Dec 2025

Contributed by Lukas

Eric Lascelles shares his thoughts on a flurry of economic developments, including U.S. job numbers, inflation trends and central bank rate cuts. Eric...

Global economy 2026: tariffs, tech, and tailwinds?

15 Dec 2025

Contributed by Lukas

Eric Lascelles discusses Canada’s unexpected job growth and a decline in unemployment despite conflicting signals about labour force participati...

Unlocking Canada's 2026 growth drivers and market opportunities

11 Dec 2025

Contributed by Lukas

Stu Kedwell discusses the resilience of Canadian bank earnings, driven by stable credit provisions, improving net interest margins and strong performa...

Decoding 2026 predictions for tech, healthcare and AI

10 Dec 2025

Contributed by Lukas

Marcello Montanari and Rob Cavallo discuss key trends shaping the 2026 outlook, including rising AI skepticism, Google’s AI resurgence through i...

A turning point for emerging markets?

08 Dec 2025

Contributed by Lukas

Laurence Bensafi, Managing Director and Portfolio Manager, Deputy Head of Emerging Market Equities, RBC Global Asset Management Limited, discusses ke...

Unpacking Canada’s market resilience

24 Nov 2025

Contributed by Lukas

Scott Lysakowski discusses the positive performance of the TSX/S&P Index despite global uncertainties, including the impact of AI and surging gold...

What factors are fueling recent market volatility?

24 Nov 2025

Contributed by Lukas

Stu Kedwell discusses his recent appointment to Global Chief Investment Officer and the legacy of current CIO Dan Chornous. He also breaks down the t...

Chinese equities: navigating growth and uncertainty

07 Nov 2025

Contributed by Lukas

Siguo Chen, Portfolio Manager, Asian Equities, RBC Global Asset Management Limited, analyzes evolving U.S.-China trade tensions and their market impa...

AI economics and the future of growth

30 Oct 2025

Contributed by Lukas

Stu Kedwell explores recent AI-driven enthusiasm in markets and its potential impact on future economic growth. Stu also discusses mixed earnings repo...

Building resilient portfolios for long-term results

23 Oct 2025

Contributed by Lukas

Sarah Riopelle discusses the current investment landscape, noting strong performance of both stocks and bonds, while cautioning about valuation risks ...

Do European equities deserve a place in your diversified portfolio?

17 Oct 2025

Contributed by Lukas

David Lambert, Managing Director & Senior Portfolio Manager and Head of European Equities at RBC Global Asset Management Limited, discusses the s...

A deep dive into earnings season

16 Oct 2025

Contributed by Lukas

Stu Kedwell discusses the current market landscape including the S&P 500 earnings outlook, data centre economics, and the performance of U.S. bank...

Behind the shutdown: economic and market implications

09 Oct 2025

Contributed by Lukas

Eric Lascelles discusses the potential impacts of the U.S. government shutdown on the economy, as well as market reactions.  He also looks at how...

Managing market optimism while mitigating risks

03 Oct 2025

Contributed by Lukas

Stu Kedwell discusses the recent surge in investor enthusiasm in markets and the important role of analyst insights in such an environment. He also hi...

Real estate investing: trends and opportunities

01 Oct 2025

Contributed by Lukas

Jennifer Schillaci explores trends in real estate, including post-pandemic shifts in commercial properties, the impact of return-to-office mandates in...

Diversifying portfolios in the age of AI

26 Sep 2025

Contributed by Lukas

Stu Kedwell examines current market trends, noting how AI-related growth is fueling enthusiasm and highlighting opportunities to diversify into tradit...

Exploring the evolving AI landscape and its impact on investment strategies

22 Sep 2025

Contributed by Lukas

David Tron shares insights from his recent trip to San Francisco, where he met with leaders of major technology companies and venture capitalists to d...

Exploring growth in emerging markets

18 Sep 2025

Contributed by Lukas

Polina Kurdyavko, Managing Director, Senior Portfolio Manager & Head of Emerging Markets, BlueBay Fixed Income, RBC Global Asset Management Limit...

Looking for opportunities within the current economic backdrop

10 Sep 2025

Contributed by Lukas

Stu Kedwell provides an overview of the current market environment. He highlights the resilience of Canadian banks, the dynamics of mergers and acquis...

Economic outlook: Jobs, rates, and Canada’s fiscal strategy

09 Sep 2025

Contributed by Lukas

Eric Lascelles examines the latest economic and job market trends, including August employment data from the U.S. and Canada, central bank interest ra...

Soft landings and strong Canadian bank earnings

27 Aug 2025

Contributed by Lukas

Stu Kedwell discusses Canadian bank earnings, potential Federal Reserve rate cuts,  the performance of global equities versus U.S. markets and th...

Deliberate decisions: navigating market shifts with confidence

22 Aug 2025

Contributed by Lukas

Kristy Akullian, Head of iShares Investment Strategy for the Americas at BlackRock Inc., shares her background and explains how her team navigates mac...

Navigating volatility: equity allocation, dividends, and long-term growth

18 Aug 2025

Contributed by Lukas

Stu Kedwell discusses strategies to navigate emotional investing and market shifts, emphasizing dollar-cost averaging, quality dividend-paying stocks,...

Building your future: retirement planning for every stage

14 Aug 2025

Contributed by Lukas

Dan Chornous outlines strategies for balancing growth and protection before and during retirement, including managing equity portfolios, diversifying ...

Summer slowdown: are we heading toward stagflation?

07 Aug 2025

Contributed by Lukas

Eric Lascelles discusses how rising inflation, slowing growth, and weak labour data point toward a stagflationary economic outlook. Eric also highligh...

Returning from vacation to more of the same in markets

06 Aug 2025

Contributed by Lukas

Stu Kedwell discusses how the status quo in markets is being impacted more by seasonality and AI than current news items like tariffs and the jobs rep...

Spotting signs of growth in a complex market

21 Jul 2025

Contributed by Lukas

Eric Savoie explores key themes influencing stock and bond markets, emphasizing a cautious investment approach to capture potential upside driven by t...

Speculation vs. strategy: building resilient portfolios for earnings season

18 Jul 2025

Contributed by Lukas

Stu Kedwell discusses recent market momentum and the importance of companies meeting earnings expectations amid ongoing tariff and trade discussions. ...

European equities: overcoming challenges, seizing opportunities

15 Jul 2025

Contributed by Lukas

David Lambert, Managing Director & Senior Portfolio Manager and Head of European Equities at RBC Global Asset Management Limited, reviews the yea...

Emerging markets: a new era of growth and opportunity

10 Jul 2025

Contributed by Lukas

Laurence Bensafi, Managing Director and Portfolio Manager, Deputy Head of Emerging Market Equities, RBC Global Asset Management Limited, highlights f...

Weaker dollar, elevated deficits: what it means for fixed income investors

09 Jul 2025

Contributed by Lukas

Andrzej Skiba, Managing Director & Head of U.S. Fixed Income, BlueBay Fixed Income, RBC Global Asset Management Inc., discusses the movement of U...

Canadian equities: shifting sentiment and growing opportunities

07 Jul 2025

Contributed by Lukas

Scott Lysakowski discusses the improving outlook for the Canadian market after years of underperformance compared to the U.S., highlighting resilience...

Jobs growth and the One Big, Beautiful Bill: what’s next?

04 Jul 2025

Contributed by Lukas

Eric Lascelles analyzes the latest U.S. jobs report, which exceeded expectations and challenges concerns about immediate economic trouble, despite sig...

The psychology of investing: navigating emotions in financial decisions

02 Jul 2025

Contributed by Lukas

Michael Sherman, Head, Behavioural Economics, dives into behavioural investing, emphasizing the role emotions can play during both stable periods and ...

Earnings and IPOs: What’s driving markets for the rest of the year?

27 Jun 2025

Contributed by Lukas

Stu Kedwell discusses key themes influencing markets in the second half of 2025, including ongoing geopolitical tensions, energy prices, and declining...

Adapting to change: How AI and strategy shape today’s investment landscape

13 Jun 2025

Contributed by Lukas

Stu Kedwell discusses the latest in markets, noting that this relatively quiet period may present opportunities for selective investment strategies am...

Turning market turbulence into opportunity

11 Jun 2025

Contributed by Lukas

Sarah Riopelle explains how market volatility can be an opportunity to buy assets at lower prices rather than a reason to panic. She highlights how sh...

Tax cuts and deficits: the growth balancing act

06 Jun 2025

Contributed by Lukas

Eric Lascelles examines economic trends, including the potential impact of President Trump’s “big, beautiful” tax bill on growth. He...

Navigating markets amid trade tensions and tech disruptions

02 Jun 2025

Contributed by Lukas

David Tron discusses the market outlook as the legal battle over tariffs unfolds and highlights possible opportunities. David also talks about AI&rsqu...

Market shifts and AI: reshaping global equities

30 May 2025

Contributed by Lukas

Jeremy Richardson, Senior Portfolio Manager, Global Equities, RBC Global Asset Management Limited, discusses the rapid changes in market dynamics, in...

Opportunities and risks in a shifting Canadian market

29 May 2025

Contributed by Lukas

Stu Kedwell explores the current state of the Canadian economy, noting its sluggish performance and analyzing the latest financial reports from the co...

Trusting the process through market turbulence

21 May 2025

Contributed by Lukas

Stu Kedwell discusses the importance of maintaining long-term trust in market performance despite short-term volatility, attributing the recent market...

Canadian equities: How energy, dividends, and gold are driving growth

12 May 2025

Contributed by Lukas

Scott Lysakowski highlights the strong performance of the Canadian equity market, emphasizing dividend-paying Canadian stocks, particularly in the ene...

European equities: Focusing on fundamentals

09 May 2025

Contributed by Lukas

David Lambert, Managing Director & Senior Portfolio Manager, Head of European Equities, RBC Global Asset Management Limited, highlights the key d...

Adapting to market changes with Buffett wisdom

07 May 2025

Contributed by Lukas

Stu Kedwell examines the recent rebound from previous lows, noting that while market concerns about tariffs have eased, the short-term outlook remains...

Jobs, tariffs, and growth: Navigating economic uncertainty

02 May 2025

Contributed by Lukas

Eric Lascelles discusses recent economic trends, including the latest U.S. jobs report and the impact of tariffs. Eric then focuses on commodity marke...

The cost of trade: Navigating an economy under tariffs

17 Apr 2025

Contributed by Lukas

Eric Lascelles discusses the impact of tariffs on the economy, with a focus on inflation, purchasing power, and the potential for industry shifts due ...

Evaluating post-Liberation Day market moves

16 Apr 2025

Contributed by Lukas

Stu Kedwell discusses market reactions following the U.S. imposition of tariffs on April 2, and the ensuing 90-day pause. Stu also explores the potent...

Tariff turbulence: Adapting with active investment strategies

03 Apr 2025

Contributed by Lukas

Stu Kedwell examines the repercussions of new U.S. tariffs on financial markets, noting the potential for reduced global economic growth and its effec...

Canada under tariffs: Analyzing trade and economic implications

03 Apr 2025

Contributed by Lukas

Eric Lascelles evaluates the latest tariff changes and their impact on financial markets, with particular focus on Canada, noting that Canada's evasio...

Understanding relative strength in stock performance

24 Mar 2025

Contributed by Lukas

Stu Kedwell discusses the concept of relative strength, which compares a company's share price performance to the market as a whole, as a key factor i...

Tactical moves and equity strategies amid market uncertainty

18 Mar 2025

Contributed by Lukas

Sarah Riopelle discusses the recent tactical asset mix change in the portfolios she manages to take advantage of opportunities as the market shifts. S...

The future of tech investing: insights on AI, market corrections, and growth

17 Mar 2025

Contributed by Lukas

Robert Cavallo and Marcello Montanari chat about monitoring various, complex developments across different sectors, with a particular focus on technol...

Understanding market pullbacks as opportunities

13 Mar 2025

Contributed by Lukas

Stu Kedwell discusses the impact of policy changes and economic indicators on market uncertainty and their influence on investment decisions. Stu also...

Geopolitical storms cloud the economic outlook

07 Mar 2025

Contributed by Lukas

Eric Lascelles discusses the current geopolitical climate and explores how ongoing policy uncertainty could affect economies, particularly GDP and sto...

Risk vs. return: Finding a balanced investment strategy for 2025

24 Feb 2025

Contributed by Lukas

Sarah Riopelle discusses equity market performance and various risks so far this year, as well as recent developments in bond markets. Sarah also touc...

An investment faceoff

20 Feb 2025

Contributed by Lukas

Stu Kedwell shares his thoughts on a hodgepodge of investment topics, taking inspiration from the gloves hitting the ice during the recent Canada-U.S....

Beyond borders: The economic impact of trade barriers

10 Feb 2025

Contributed by Lukas

Eric Lascelles discusses the latest jobs reports, diving into the complexities and uncertainty around U.S. tariffs and how market reactions could infl...

Assessing the market reaction to tariffs

04 Feb 2025

Contributed by Lukas

Stu Kedwell examines the market's reaction to the threat of tariffs by the U.S. and how it impacts investor behaviour and market valuations. Stu also ...

The tariff effect: What’s next for the North American economy?

31 Jan 2025

Contributed by Lukas

Eric Lascelles discusses potential of tariffs by the United States, their economic impact, the likelihood of various tariff scenarios and the importan...

Adapting to market surprises: The impact of DeepSeek's AI breakthrough

29 Jan 2025

Contributed by Lukas

Stu Kedwelll discusses the impact of artificial intelligence on the market, including the recent disruption brought on by Chinese AI solution DeepSeek...

What’s driving infrastructure in 2025?

28 Jan 2025

Contributed by Lukas

Andrew Hay looks back on the key themes that shaped infrastructure in 2024. Andrew also discusses the expectations for the asset class in 2025, focusi...

Climbing higher: Navigating inflated U.S. valuations

23 Jan 2025

Contributed by Lukas

Stu Kedwell explores elevated U.S. stock market valuations, focusing on concerns about overvalued mega-cap tech stocks. Stu also highlights the case f...

Fixed income in 2025: the upside of ‘boring’

21 Jan 2025

Contributed by Lukas

Dagmara Fijalkowski reviews fixed income markets in 2024, highlighting how shifts in long-term inflation, recession expectations, and rate cuts have i...

European equities in 2025: signs of steadiness?

20 Jan 2025

Contributed by Lukas

David Lambert, Managing Director & Senior Portfolio Manager, Head of European Equities, RBC Global Asset Management Limited, discusses the o...

Staying consistent after a mixed start to the year

17 Jan 2025

Contributed by Lukas

Stu Kedwell recaps the first weeks of 2025 in markets and explains how investors can navigate the many unknowns still ahead. Stu also discusses the im...

Positioning for long-term success in 2025

16 Jan 2025

Contributed by Lukas

Habib Subjally, Managing Director & Senior Portfolio Manager, Head of Global Equities, RBC Global Asset Management Limited, discusses the element...

Will job market strength leave rate cuts in question?

15 Jan 2025

Contributed by Lukas

Eric Lascelles reviews December’s jobs reports for both Canada and the U.S. and why employment growth could diminish the outlook for further rat...

Emerging market equities in 2025: charting uncertainty

14 Jan 2025

Contributed by Lukas

Philippe Langham recaps emerging market equities in 2024, noting renewed underperformance following Trump’s re-election. Phillippe also discuss...

Curious about North American equities?

10 Jan 2025

Contributed by Lukas

The Co-Heads of North American Equities are formally welcomed to The Download podcast in their new roles. As they look back at 2024, Irene Fernando fo...

Balancing risk and reward in 2025

10 Jan 2025

Contributed by Lukas

Sarah Riopelle reflects on key takeaways from 2024 and how a tactical approach to asset allocation is key in a market full of surprises. Sarah also di...

Market trends to watch in 2025

09 Jan 2025

Contributed by Lukas

Stu Kedwell discusses where the potential opportunities could lie in 2025, with a focus on dividend stocks for Canadian investors. Stu also talks abou...

Fixed income outlook: risks and opportunities ahead in 2025

08 Jan 2025

Contributed by Lukas

Andrzej Skiba discusses the outlook for fixed income amid surging U.S. Treasury yields and potential tariff risks. Andrzej also highlights the importa...

Canadian equities: Market outlook for 2025

07 Jan 2025

Contributed by Lukas

Scott Lysakowski reflects on Canadian market performance in 2024. Scott then looks ahead to potential opportunities for investors in 2025 as Canada&rs...

2024 in review: What markets taught us

17 Dec 2024

Contributed by Lukas

Stu Kedwell reflects on 2024 in markets, including mega-cap concentration, shifting recession calls, and recent post-election enthusiasm. Stu also exp...

Technology trends to watch for in 2025

13 Dec 2024

Contributed by Lukas

Marcello Montanari explores the latest developments in the technology sector, examining how long the super cycle driven by tech giants will continue a...