The Download with David Richardson
Episodes
Navigating uncertainty: Bank earnings reflect challenged Canadian economy
09 Dec 2024
Contributed by Lukas
Stu Kedwell discusses Canadian big bank earnings results and what they reveal about the current state of the economy, as well as the direction for fur...
November jobs report: U.S. rebounds, Canadian unemployment rises
06 Dec 2024
Contributed by Lukas
Eric Lascelles shares his thoughts on the path ahead for rate cuts and the economy as the U.S. and Canada release their latest jobs reports. (Re...
Piloting through turbulence: portfolio engineering in investment management
03 Dec 2024
Contributed by Lukas
Stu Kedwell discusses portfolio engineering and how he uses it as a part of a broadly diversified portfolio management strategy. Stu also talks about ...
Insights into infrastructure investing
29 Nov 2024
Contributed by Lukas
Andrew Hay discusses the landscape of infrastructure investments and the potential opportunities the asset class may provide within portfolios. Andrew...
Talking about tariffs: what’s next for the Canadian economy?
26 Nov 2024
Contributed by Lukas
Eric Lascelles discusses some considerations and potential implications for the Canadian economy should Donald Trump’s proposed tariff policies ...
Market news: the U.S. soars ahead while Canada holds back
19 Nov 2024
Contributed by Lukas
Stu Kedwell talks about why investor sentiment is on the rise in the U.S., while Canadian investors appear to be taking a more cautious approach. ...
Staying invested: a strategy for all eras
13 Nov 2024
Contributed by Lukas
Sarah Riopelle discusses why it’s important for investors to remain focused on the long term and stay invested through periods of short-term vol...
From tariffs to tax cuts: What could the next Trump era mean for the economy?
08 Nov 2024
Contributed by Lukas
Eric Lascelles covers two key U.S. stories from an economic view: Trump’s re-election and his outlined policies so far, as well as the Federal R...
Election 2024: Fixed income in focus
07 Nov 2024
Contributed by Lukas
Andrzej Skiba reviews the U.S. election from a fixed-income and credit market perspective, analyzing how markets are digesting Trump’s win and t...
U.S. post-election insights: Stocks rally after Trump’s win
06 Nov 2024
Contributed by Lukas
Stu Kedwell shares some observations on market reaction to President-elect Trump and identifies where potential opportunities may exist based on the n...
Canadian equities through a post-election lens
06 Nov 2024
Contributed by Lukas
Scott Lysakowski discusses the strong market reaction to Donald Trump presidential victory and explores how a continued weakening of the U.S. dollar c...
Storms, strikes and slower growth: analyzing October’s jobs report
01 Nov 2024
Contributed by Lukas
Eric Lascelles recaps the latest U.S. jobs report, digging into what’s behind the slowdown in job growth and what it means for the still-resilie...
Taking soundbites out of the Big Apple
29 Oct 2024
Contributed by Lukas
Stu Kedwell shares his insights on key themes from a recent conference in New York. He chats about why Canada’s economy lags behind the U.S., po...
Cutting through rates: what’s next for the Canadian economy?
23 Oct 2024
Contributed by Lukas
Eric Lascelles discusses the outlook for the economy following the Bank of Canada’s latest 50 basis-point rate cut. Eric also shares his though...
U.S. big banks beat expectations: what’s next for markets?
16 Oct 2024
Contributed by Lukas
Stu Kedwell discusses strong third-quarter bank earnings in the U.S., and how these results may shape the outlook for further interest rate cuts and a...
Markets in fall: what to watch for this season
09 Oct 2024
Contributed by Lukas
Interest rates are falling while U.S. job numbers are on the rise. Stu Kedwell breaks down these stories and more, including recent shifts in commodit...
Jobs numbers heat up while rates come down
04 Oct 2024
Contributed by Lukas
Eric Lascelles reviews the latest stories in the economy including September’s better-than-expected U.S. jobs report and what it signals for the...
Market news: Fed’s first fifty, China’s stimulus excitement, AI capex expectations
26 Sep 2024
Contributed by Lukas
Stu Kedwell reviews an eventful few weeks in markets, including the Fed’s first 50bps rate cut as well as China’s newly unveiled stimulus ...
Steering through storms towards successful outcomes
13 Sep 2024
Contributed by Lukas
Josef Turnbull joins the podcast for a look at the U.S. equity market and his approach to challenges of Mag-7 concentration and the Fed’s upcomi...
Broadcasting on the back and forth economy
12 Sep 2024
Contributed by Lukas
Stu Kedwell and Dave relate short-term focuses in sports commentary and gambling to the fluctuations that take place during long-term wealth building ...
Calling balls and strikes on jobs reports
06 Sep 2024
Contributed by Lukas
Following the jobs reports from Canada and the U.S., Eric Lascelles joins Dave to discuss their effect on upcoming interest rate change. They al...
When to de-risk a portfolio and why do it?
03 Sep 2024
Contributed by Lukas
Stu Kedwell and Dave reminisce about dropping off their daughters at university before examining de-risking an investment portfolio and the psychology...
A quick visit down some economic rabbit holes
28 Aug 2024
Contributed by Lukas
Eric Lascelles chats with Dave about factors that may influence upcoming interest rate change and how that would impact mortgage payments. They ...
The Fed’s first rate cut: what does it mean for markets?
27 Aug 2024
Contributed by Lukas
Stu Kedwell discusses the market’s response as the U.S. Fed inches closer toward rate cuts. Stu also reviews Canadian bank earnings this quarter...
A balanced approach remains compelling
22 Aug 2024
Contributed by Lukas
Sarah Riopelle makes the case for the traditional 60/40 balanced portfolio and why this strategy provides investors with stability and return potentia...
A focus on fixed income as rate cuts ramp up
22 Aug 2024
Contributed by Lukas
Andrzej Skiba discusses what’s driving performance in fixed income this year, and if the trend will continue as the U.S. Federal Reserve gears u...
Tracking key trends in technology and health care
15 Aug 2024
Contributed by Lukas
Rob Cavallo discusses the top-of-mind investment themes in the technology and healthcare sectors, including how long the Magnificent Seve’s run ...
Market news: recession call revival, Starbucks shakeup
13 Aug 2024
Contributed by Lukas
Stu Kedwell discusses the latest in markets, including increasing recession odds following a recent spike in market volatility. Stu also explains how ...
Managing global portfolios amid market turbulence
08 Aug 2024
Contributed by Lukas
Jeremy Richardson, Senior Portfolio Manager, Global Equities RBC Global Asset Management Limited, discusses his thoughts on key themes impacting glob...
Reacting to a volatility spike amidst a lull
06 Aug 2024
Contributed by Lukas
Stu Kedwell discusses what he was focused on in markets over the long weekend before sharing his reaction to the volatility. (Recorded: August 6...
July’s jobs data disappoints: what’s next for the economy?
02 Aug 2024
Contributed by Lukas
Eric Lascelles unpacks the latest U.S. jobs data, and what it signals for the economy, as concerns grow around the possibility of a hard landing. Eric...
Charting key economic trends in corporate earnings results
30 Jul 2024
Contributed by Lukas
Stu Kedwell discusses consumer spending patterns and political developments may influence companies’ earnings. Stu also discusses some signs of ...
What to expect as rate cuts and the U.S. presidential race intensify
29 Jul 2024
Contributed by Lukas
Eric Lascelles discusses the recent central bank activities, including the Bank of Canada’s rate cut and the potential for another to come in th...
Market moves: Canadian rates, U.S. politics and tech
24 Jul 2024
Contributed by Lukas
Stu Kedwell reviews the latest happenings in markets, including the Bank of Canada’s latest rate cut. Stu also explains the opportunities ahead ...
European equities: a goal-getting summer?
15 Jul 2024
Contributed by Lukas
David Lambert, Managing Director & Senior Portfolio Manager, Head of European Equities, RBC Global Asset Management Limited, discusses market per...
Key themes in today’s global fixed income markets
15 Jul 2024
Contributed by Lukas
Soo Boo Cheah, Managing Director & Senior Portfolio Manager, Global Fixed Income & Currencies, RBC Global Asset Management Limited, provides ...
The case for convertible bonds in today’s markets
15 Jul 2024
Contributed by Lukas
Pierre-Henri de Monts de Savasse, Senior Portfolio Manager, BlueBay Fixed Income Team, RBC Global Asset Management Limited, provides an update on con...
The changing landscape of emerging markets
15 Jul 2024
Contributed by Lukas
Laurence Bensafi, Managing Director and Portfolio Manager, Deputy Head of Emerging Market Equities, RBC Global Asset Management Limited, recaps the y...
How will interest rates and global elections impact equities?
05 Jul 2024
Contributed by Lukas
Stu Kedwell reflects on the first half of 2024 for stocks. Stu also looks ahead at the key themes driving equity markets for the rest of the yea...
Economic update: U.S. jobs, interest rates and manufacturing
05 Jul 2024
Contributed by Lukas
Eric Lascelles discusses June’s U.S. jobs report and its implications for interest rate cuts amid slowing hiring. Eric also discusses contractio...
Canadian stocks at the half: what we’re watching for
27 Jun 2024
Contributed by Lukas
Scott Lysakowski reviews the year so far for Canadian equities. Scott also discusses potential earnings growth opportunities across various sectors, n...
Maintaining a neutral position within the portfolios as markets evolve
20 Jun 2024
Contributed by Lukas
Sarah Riopelle discusses the outlook for fixed income and equities as well as an update on inflation as many central banks around the world begin to c...
Fed decision: Rates remain unchanged - what about rate cut expectations?
13 Jun 2024
Contributed by Lukas
Chief Economist Eric Lascelles discusses the economic impact of the U.S. Federal Reserve’s decision to hold interest rates steady. Eric also div...
U.S. inflation report & Fed rate decision: Takeaways for investors
12 Jun 2024
Contributed by Lukas
Stu Kewell discusses the market reaction to the latest U.S. CPI report, as well as the Federal Reserve’s decision to keep rates higher for longe...
Economic update: Soaring U.S. jobs numbers vs rate cuts
07 Jun 2024
Contributed by Lukas
How will stronger-than-expected U.S. jobs reports affect the Fed’s plans to cut interest rates later this year? Chief Economist Eric Lascelles w...
Canadian bank earnings: time for a checkup?
03 Jun 2024
Contributed by Lukas
Stu Kedwell reviews the latest Canadian bank financial results and what they reveal about the health of the Canadian economy. Stu also discusses when ...
Gauging the Bank of Canada’s next rate move
21 May 2024
Contributed by Lukas
Stu Kedwell reviews the latest Canadian inflation stats and explores whether the Bank of Canada will lower rates ahead of the U.S. and how that could ...
Is there still hope for rate cuts?
17 May 2024
Contributed by Lukas
Andrzej Skiba shares his outlook for inflation and his expectations for interest rate cuts this year. Andrzej also highlights the current opportunitie...
Interpreting stock performance to find investment opportunities
08 May 2024
Contributed by Lukas
Stu Kedwell highlights the many ways to understand changes in a stock’s performance and how he applies his findings when making investment decis...
ESG insights: Exploring emerging trends and active stewardship
03 May 2024
Contributed by Lukas
Melanie Adams highlights key themes and trends in the ESG and responsible investment space, from climate risks to rising anti-ESG sentiment in the U.S...
U.S. jobs report: signs of a slowing economy?
03 May 2024
Contributed by Lukas
Chief Economist Eric Lascelles explores recent developments in the economy, noting a slight deceleration in some U.S. economic data as revealed by the...
The Investment Stu: Inflation’s final stretch and upward movement in metals
01 May 2024
Contributed by Lukas
Stu Kedwell recaps the last few weeks in markets, noting a slight correction as investors wait out ongoing inflation. Stu also looks at the metal sect...
Can Canadian markets close the gap?
12 Apr 2024
Contributed by Lukas
This episode, Scott Lysakowski discusses Canadian equity performance so far this year, and whether it can catch up to the current strength of U.S. mar...
Are we in the last mile of inflation?
11 Apr 2024
Contributed by Lukas
This episode, Stu Kedwell discusses the latest inflation reports out of the U.S. and Canada and whether slowing is still happening. Stu also chats abo...
From recession to growth: Shifting the economic narrative
05 Apr 2024
Contributed by Lukas
This episode, Eric Lascelles discusses the outlook for the economy as multiple indicators trend positively. Eric also explains that resilient economic...
Dividend strategies for a higher-rate landscape
01 Apr 2024
Contributed by Lukas
Stu Kedwell discusses his approach to choosing high-quality, dividend-paying stocks given the current interest-rate environment. Stu also shares some ...
Lessons learned about the economy
21 Mar 2024
Contributed by Lukas
Dan Chornous begins with whether a recession has been avoided, shares a lesson from university about inflation expectation being a problem, then finis...
Staying focused on the long-term
21 Mar 2024
Contributed by Lukas
Sarah Riopelle chats with Dave about the strong performance of 2023 versus 2022, the importance of staying focused on your long-term goals, and what&r...
Navigating market waves
21 Mar 2024
Contributed by Lukas
Returning from Costa Rica, Stu Kedwell discusses how some results and changes in software companies are impacting their stock price. They then r...
Investment Stu: Canadian banks, GRANOLAS, and wisdom from Buffet
27 Feb 2024
Contributed by Lukas
In this episode, Stu Kedwell, Managing Director, Senior Portfolio Manager & Co-Head of North American Equities, covers the latest in markets, incl...
Investing globally at all-time highs
26 Feb 2024
Contributed by Lukas
This episode, Habib Subjally, Managing Director & Senior Portfolio Manager, Head of Global Equities, RBC Global Asset Management Limited, discuss...
Will hot inflation numbers cool down market enthusiasm?
14 Feb 2024
Contributed by Lukas
With February’s CPI data coming in hotter-than-expected, markets were quick to react. Could this influence central banks to change their tune ye...
What’s ahead for European equities in 2024?
13 Feb 2024
Contributed by Lukas
This episode, David Lambert, Managing Director & Senior Portfolio Manager, Head of European Equities, RBC Global Asset Management Limited, shares...
The long-term outlook for capital markets
12 Feb 2024
Contributed by Lukas
This episode, Eric Savoie, Investment Strategist, discusses the new and ongoing themes challenging the current macro view including easing inflation a...
Connecting market insights to long-term investment plans
09 Feb 2024
Contributed by Lukas
This episode, Stu Kedwell, Managing Director, Senior Portfolio Manager & Co-Head of North American Equities, discusses the thinking behind a portf...
Defying expectations: A look at January’s jobs data
06 Feb 2024
Contributed by Lukas
This episode, Managing Director & Chief Economist Eric Lascelles covers the latest U.S. jobs report – noting a significant surge in hiring a...
Assessing growth vs value of Magnificent 7 stocks
30 Jan 2024
Contributed by Lukas
This episode, Stu Kedwell, Managing Director, Senior Portfolio Manager & Co-Head of North American Equities, discusses the ongoing hype around the...
Fixed income outlook: opportunities ahead in 2024
29 Jan 2024
Contributed by Lukas
This episode, Andrzej Skiba, Managing Director & Head of U.S. Fixed Income, RBC Global Asset Management Inc., discusses what could be a promising...
Understanding the power of long-term investing
24 Jan 2024
Contributed by Lukas
It’s one of the principles of successful investing: starting early. This episode, Stu Kedwell, Managing Director, Senior Portfolio Manager &...
What’s the outlook for the technology sector in 2024?
19 Jan 2024
Contributed by Lukas
This episode, Marcello Montanari, Managing Director & Senior Portfolio Manager, North American Equities, discusses key themes and factors playing ...
Market update: Inverted yield curve, inflation hiccups and IPO anticipation
18 Jan 2024
Contributed by Lukas
This episode, Stu Kedwell, chats about the yield curve inversion, and what a return to a normal slope could mean for markets. Stu also discusses Decem...
Does Canada have its own Magnificent 7?
15 Jan 2024
Contributed by Lukas
This episode, Scott Lysakowski, Managing Director & Senior Portfolio Manager, Head of Canadian Equities , assesses if a group of titans could emer...
Gauging investor behaviour ahead of an unpredictable year
09 Jan 2024
Contributed by Lukas
This episode, Stu Kedwell, Managing Director, Senior Portfolio Manager & Co-Head of North American Equities, provides his thoughts on the major ec...
Forecasting the global economic trends of 2024
05 Jan 2024
Contributed by Lukas
This episode, Managing Director & Chief Economist Eric Lascelles looks at the latest jobs data in the U.S. and Canada and how these numbers may im...
New year, new risks and opportunities for investors
20 Dec 2023
Contributed by Lukas
Between rapidly shifting bond yields, the U.S. election, and possible interest rate cuts, a lot lies ahead for markets in 2024. In this episode, Sarah...
A look back at markets in 2023
19 Dec 2023
Contributed by Lukas
What did markets teach us in 2023? This episode, Stu Kedwell, Co-Head of North American Equities, reflects on both stock and bond markets over the pas...
Positioning for the next interest rate and economic cycles
14 Dec 2023
Contributed by Lukas
This episode, Dan Chornous, Chief Investment Officer, joins Dave to chat about why the current period could be an exciting time for fixed income inves...
Capping off the year with Canadian bank earnings
12 Dec 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, recaps the year-end results from Canada’s top banks amid an evolving interest rat...
Is the inflation battle finally over?
08 Dec 2023
Contributed by Lukas
While there is still work to do, Chief Economist Eric Lascelles suggests that we can start to feel better about the inflation story overall. Eric disc...
Staying invested for long-term growth in moving markets
06 Dec 2023
Contributed by Lukas
As we close in on the end of 2023, what are the key considerations for investors to take into the new year? This episode, Stu Kedwell, Co-Head o...
Exploring the current landscape of Asian equities
05 Dec 2023
Contributed by Lukas
Can Chinese policymakers win back consumers’ faith? Will India emerge as the next economic powerhouse? This episode, Mayur Nallamala, Senior Por...
Active management and squirrels
30 Nov 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities talks falling leaves before moving onto rates coming down. The conversation finish...
Enhancing portfolios with call options
22 Nov 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, discusses the many different strategies he uses to tactically position portfolios for v...
Inflation numbers spark optimism in markets
14 Nov 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, looks at the market reaction to positive CPI data in the U.S. and what it says about th...
Canadian equities: What’s ahead for the balance of the year?
10 Nov 2023
Contributed by Lukas
There’s more to Canada’s 2023 stock market performance story than meets the eye. This episode, Scott Lysakowski, Vice President & Seni...
What do softening North American jobs numbers say about a recession?
03 Nov 2023
Contributed by Lukas
After months of resiliency, the North American job market finally appears to be cooling off. Are these and other economic indicators shifting the call...
Markets rally as the Fed holds steady
02 Nov 2023
Contributed by Lukas
On Wednesday, the U.S. Federal Reserve decided to keep the federal funds rate unchanged, fueling hope in markets that the era of interest rate hikes c...
Tax-planning strategies for a high interest rate environment
25 Oct 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, discusses the Bank of Canada’s recent decision to hold tight on interest rates, a...
Have markets moved on from a recession?
19 Oct 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, discusses the latest moves in markets as quarterly earnings begin to come out in the U....
Rising yields and their impact on interest rates
12 Oct 2023
Contributed by Lukas
How does the recent surge in U.S. 10-year Treasury bond yields change the outlook for bond markets? Will central banks resume and extend their tighten...
Headwinds, tailwinds and the long-term investor
12 Oct 2023
Contributed by Lukas
Given the challenges of today’s macro environment, which areas of the market can long-term investors look to for potential opportunities? This e...
Rebalancing portfolios in a time of rising bond yields
12 Oct 2023
Contributed by Lukas
Bond yields have climbed to their highest levels since just before global financial crisis. What does this mean for balanced investors? This episode, ...
Making sense of job market surprises
06 Oct 2023
Contributed by Lukas
Despite signs of a slowing economy, North American job numbers saw a significant boost in September. Will this strength spur further action from centr...
Interest rate watch: Short-term stalls, long-term spikes
05 Oct 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, shares his thoughts on recent moves in interest rates, and what they mean for bond mark...
Charting the course for Canadian banks
14 Sep 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, provides an overview of Canadian bank results, and explains why loan loss provisions ar...
Signaling a soft landing?
06 Sep 2023
Contributed by Lukas
The latest U.S. jobs numbers appear to be at odds with other indicators in the economy. While recession remains the most likely scenario for many coun...
Ripples of opportunity
05 Sep 2023
Contributed by Lukas
This episode, Stu Kedwell, Co-Head of North American Equities, discusses why it’s important for investors to recognize the “ripple effects...
Getting to know global infrastructure
31 Aug 2023
Contributed by Lukas
This episode, Dave chats with Andrew Hay, Head, Global Infrastructure Investments, all about global infrastructure as an asset class, and how the unde...
What’s ahead for China’s economy?
31 Aug 2023
Contributed by Lukas
China’s post-pandemic economic recovery has stalled. Retail sales have weakened, international trade is in a free-fall and housing problems cont...
Change of seasons, change in markets
30 Aug 2023
Contributed by Lukas
Will the economy continue to slow? How will this impact the outlook for earnings growth? This episode, Stu Kedwell, Co-Head of North American Equities...