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

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.