The Invested

Higher for longer takes hold

Fri, 01 May 2026 09:02:33 -0400

In this episode, Dustin Reid breaks down the latest Fed and Bank of Canada decisions and what’s driving markets right now. He explores how higher energy prices are feeding into inflation expectations, pushing yields higher and complicating the rate outlook. You’ll hear what’s behind the move in oil and how shifting inflation signals are influencing central bank decisions. Listen now for clear, practical insights to support client discussions on rates, risk and portfolio positioning.

Building resilience through volatility

Wed, 29 Apr 2026 12:43:18 -0400

In this episode, Rajan Bansi speaks with Katherine Owen about why full defence is not the only response to volatility. They unpack market rotations, the return of AI momentum and the role of resilient holdings. You’ll hear conversation-ready context for clients weighing nerves against long-term allocation discipline.

This episode was recorded on April 27, 2026.

Finding value beyond concentrated markets

Tue, 21 Apr 2026 09:17:16 -0400

Rajan Bansi speaks with Cory Martin, CEO and Portfolio Manager at Barrow Hanley Global Investors, to unpack why value looks compelling through a global lens. They explore how concentrated markets and wider valuation gaps have changed the conversation, why non-US markets often offer active managers more room to deliver returns and what sets Barrow Hanley’s traditional value approach apart.

This episode was recorded on April 16, 2026.

The new phase of the energy transition

Mon, 13 Apr 2026 15:01:45 -0400

Rajan Bansi sits down with John Cook to unpack how energy security is pushing countries to rethink infrastructure and long-term strategy. With electricity demand now growing above 4% a year and renewables playing a larger role, they also examine why natural gas remains essential as power grids evolve. Tune in to learn more about opportunities in the energy transition.

This episode was recorded on April 10, 2026.

Canada beyond the value label

Wed, 25 Mar 2026 15:53:05 -0400

Rajan Bansi sits down with Tim Johal to cut through the geopolitical noise and discuss why Canada deserves a closer look from investors. From offering cheaper valuations than the US, to featuring a market tilted to energy and materials, you'll hear why the old labels no longer tell the full story. Listen to a timely Canada-focused lens to support your next conversations.

This episode was recorded on March 23, 2026.

When global tension hits home

Thu, 19 Mar 2026 15:34:51 -0400

Dustin Reid explains how a market shock can move from geopolitical tension abroad to tougher choices at home. He explores what higher energy prices could mean for portfolios, central-bank decisions and the households that often feel the pressure first. Listen for practical insight into how geopolitical risk can ripple through markets and into daily life.

This episode was recorded on March 19, 2026.

Energy sovereignty is reshaping how markets price risk

Fri, 13 Mar 2026 11:05:22 -0400

Prolonged conflict can leave a lasting mark on how markets assess energy risk. Host Rajan Bansi sits down with Benoit Gervais, head of the Mackenzie Resource Team, to explore how geopolitical instability can accelerate energy sovereignty, reshape supply chains and reinforce the need for infrastructure and domestic capacity. Listen for expert insights into the forces that can outlast the initial market reaction and shape what comes next.

For more insights from the Mackenzie Resource Team, click here.

This episode was recorded on March 12, 2026.

Beyond the black box: How modern quant really works

Wed, 04 Mar 2026 11:03:33 -0500

Host Rajan Bansi sits down with Arup Datta, Head of Mackenzie’s Global Quantitative Equity Team, to demystify modern quantitative investing, and why its edge is built for real world portfolios. They unpack how transparency, governance, and human oversight turn data into repeatable global stock selection across international developed and emerging markets, and what it takes to stay disciplined when factors fall out of favour. Finally, Arup shares how measured positioning shifts, like a value tilt, are implemented with risk controls designed to separate signal from noise. Listen to get ahead of your next client conversation.

This episode was recorded on March 2, 2026.

2026 ETF Outlook: The shifts you can’t ignore

Thu, 26 Feb 2026 10:17:29 -0500

Host Rajan Bansi sits down with Prerna Mathews to unpack the 2026 ETF Outlook and the shifts shaping portfolio construction: why active ETFs are gaining momentum, how systematic building blocks are moving into the core, and where alternatives in ETF form may fit. Listen now to sharpen your next client conversation.

For more insights and perspectives, download our 2026 ETF Outlook.

This episode was recorded on February 23, 2026.

Canada’s bond reality check and what it may signal for global rates

Wed, 11 Feb 2026 11:10:20 -0500

Why is Mackenzie’s fixed-income team more dovish than the market on Bank of Canada cuts? Host Rajan Bansi sits down with Konstantin Boehmer to unpack Canada’s setup, Fed independence, and what rate paths could mean for portfolios through 2026. Tune in for client-ready talking points, and a practical way to frame diverging central banks in global portfolios.

This episode was recorded on February 9, 2026.

Rates held, markets moved. What advisors need to know

Fri, 30 Jan 2026 14:45:07 -0500

The Fed held rates steady, and the markets moved anyway. Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments unpacks what shifted, what investors may be underestimating, and the key portfolio implications advisors should be ready to explain.

This episode was recorded on January 29, 2026.

Resources in a multipolar world

Thu, 22 Jan 2026 11:39:44 -0500

Greenland. Venezuela. The Panama Canal. Are these really “resource stories”, or something bigger? Host Rajan Bansi sits down with Benoit Gervais, head of Mackenzie’s Resource Boutique, to unpack how energy flows, critical chokepoints, and shifting alliances are reshaping the resource backdrop that’s moving headlines to allocations. Listen for the context you need for your next client conversation.

For more insights Mackenzie’s Resource Boutique, click here.

This episode was recorded on January 21, 2026.

Beyond smart beta: Building better income with Systematic Strategies

Thu, 18 Dec 2025 08:30:57 -0500

In this episode, Michael Kapler, Portfolio Manager on Mackenzie’s Multi-Asset Strategies Team discusses how modern data, computing power, and disciplined modelling have transformed systematic investing—and what that means for constructing stronger income solutions. He walks through how high-dividend ETFs using covered calls and leverage generate diversified cash flows while balancing risk, transparency, and downside protection.

This episode was recorded on December 8, 2025.

The next Fed chair and the market’s blind spot

Mon, 15 Dec 2025 11:53:02 -0500

In this episode, Dustin Reid, Chief Fixed Income Strategist, unpacks the Fed’s dilemma of hot inflation and cooling labour markets, the implications of a potential Kevin Hassett Fed chair, and how policy risk could ripple across bonds, equities and currencies. He also lays out why Canada’s growth drivers are weakening and why the first half of 2026 may deliver very different outcomes for the US, Canada, and global markets.

This episode was recorded on Dec 11, 2025.

2026 Market Outlook with Lesley Marks and Steve Locke

Wed, 10 Dec 2025 12:30:53 -0500

In this episode, Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income and Multi-Asset Strategies, break down Mackenzie’s 2026 Market Outlook and explain why investors will need both resilience and discipline in the year ahead. They unpack the path of interest rates as central banks balance softer growth with sticky inflation, why earnings—not multiples—will drive equity returns, and how fiscal stimulus and capital investment could reshape opportunities across regions. The conversation also highlights where risks may be hiding beneath the surface and how diversification beyond US large caps can strengthen portfolios going into 2026.

For more insights and perspectives, download our 2026 Market Outlook.

This episode was recorded on December 8, 2025.

Driving in fog: Central banks navigate uncertain data

Mon, 24 Nov 2025 13:49:09 -0500

In this episode, Dustin Reid, Chief Fixed Income Strategist, unpacks diverging views at the Fed, Canada’s steady hand on rates, and Japan’s rising fiscal risks. Dustin shares how his team is positioning portfolios amid “thickening fog” in the data, why he expects the Fed to hold in December, and where he still finds value in short-term Canadian bonds and emerging markets.

This episode was recorded on November 20, 2025.

Central banks at a crossroads

Thu, 30 Oct 2025 14:40:06 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, breaks down the latest rate cuts from the Federal Reserve and the Bank of Canada—and what they mean for advisors building resilient portfolios. Dustin explains why the Fed’s pushback on further easing and the Bank of Canada’s move to the bottom of its neutral range could shape opportunities across the yield curve. He also shares how his team is positioning in short-term Canadian bonds, managing duration risk, and balancing exposure between developed and emerging markets.

Thanks for listening—and as always, stay invested.

This episode was recorded on October 29, 2025.

Turning emotion into investment discipline

Wed, 29 Oct 2025 14:08:50 -0400

In this episode, Gleb Sivitsky, Portfolio Manager on Mackenzie's Multi-Asset Strategies Team, discusses how thoughtful portfolio construction can help reinforce discipline. He explains why investor mistakes rarely stem from a single decision—it's often a combination of behaviours, like chasing performance or selling at the wrong time. Gleb explores how modern solutions—from model portfolios to ETF portfolios to asset allocation ETFs—can help clients stay invested for the long term.

Thanks for listening—and as always, stay invested.

This episode was recorded on October 21, 2025.

Opportunities beyond the Magnificent Seven

Mon, 27 Oct 2025 16:00:00 -0400

In this episode, Katherine Owen, Portfolio Manager with Mackenzie’s Global Equity & Income Team, shares her perspective on navigating today’s complex market. She discusses the resilience of the US economy, the growing divide between AI-driven mega-cap leaders and the broader market, and where her team is finding compelling opportunities abroad. Advisors will also hear about the key risk investors may be overlooking as they build diversified portfolios.

Thanks for listening—and as always, stay invested.

This episode was recorded on October 20, 2025.

Concentration Risk 2.0

Tue, 07 Oct 2025 08:30:00 -0400

In this episode, Laurent Boukobza, ETF Strategist at Mackenzie Investments, explains why diversification is more important than ever. He explores ETF strategies that can help manage concentration risk and strengthen portfolio resilience. He discusses the growing importance of international diversification, the rising interest in active ETFs in Canada, and the value of a disciplined, repeatable investment process in volatile markets. From factor-based strategies – like quality and low volatility – to the role of Mackenzie’s US Alpha Extension ETF, Laurent shares practical insights for building more resilient portfolios in a market driven by a narrow group of leaders.

This episode was recorded on October 1, 2025.

What the Fed and BoC Cuts Mean for Markets

Thu, 18 Sep 2025 16:34:42 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the 25 basis point rate cuts from both the Fed and Bank of Canada – highlighting Fed Chair Jerome Powell’s “insurance cut” framing and labour market pressures. He also explores the BoC’s outlook amid persistent economic slack. Dustin shares how these developments are shaping the team’s positioning, including duration, spreads, and FX, and reflects on the key risks that could test market resilience and global carry strategies in the months ahead.

This episode was recorded on September 17, 2025.

Inside Private Credit: Growth, Resilience, and Opportunity

Thu, 11 Sep 2025 11:00:00 -0400

In this episode, David Ross, Managing Director and Head of Private Credit at Northleaf Capital Partners, unpacks the structural shifts driving private credit's growth and why mid-market opportunities remain attractive. He explains the fundamentals of the asset class, how it complements traditional fixed income, and the risks advisors should keep in mind as the asset class continues to mature. David also shares his insights on the potential impact of a Fed easing cycle.

This episode was recorded on September 4, 2025.

From Rotation to Precision: Redefining Sector Strategies

Wed, 03 Sep 2025 10:00:00 -0400

In this episode, Michael Williamson, Portfolio Manager of the Multi-Asset Strategies Team, explores why traditional sector rotation may no longer fit today’s complex markets. He explains how blurred sector lines call for a new framework to assess economic sensitivity and introduces Mackenzie’s Cyclical Tilt and Defensive Tilt ETFs as innovative tools for smarter portfolio positioning.

This episode was recorded on August 14, 2025.

September Rate Cut: Is the Fed Eyeing 50?

Thu, 14 Aug 2025 09:02:44 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, shares his insights on two key macro developments that could reshape the Fed’s policy trajectory: July’s softer-than-expected US CPI print and significant downward revisions to recent job numbers. Dustin explains why these data points have prompted several Fed officials to warm to the idea of a September rate cut, and how tariff-related inflation, slowing private payrolls, and shifting rate expectations are influencing markets.

This episode was recorded on August 13, 2025.

Equity Market Resilience: How Long Can It Hold?

Tue, 12 Aug 2025 15:53:01 -0400

In this episode, Lesley Marks, Chief Investment Officer of Equities, discusses the equity market's surprising resilience, driven by strong corporate earnings, sustained buybacks, and market optimism around potential Fed rate cuts. She explores risks beneath the surface: stretched US valuations, a near-zero equity risk premium, and the concentration in mega-cap tech stocks. Lesley also touches on quality factors in corporate earnings, recent US and Canadian jobs data, and how evolving trade dynamics could shape the economic outlook ahead.

This episode was recorded on August 11, 2025.

Fed and BOC Hold Rates: Parsing Policy and Market Signals

Fri, 01 Aug 2025 13:42:29 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the Fed's decision to hold rates, emphasizing Chair Powell's unexpectedly hawkish tone and the rare dissent among governors. He also examines the Bank of Canada's shifting stance on core inflation, subdued Q2 growth expectations, and the added uncertainty posed by Canada-US trade negotiations. Dustin outlines the team's current portfolio strategy, including a structurally weaker US dollar view, tactical duration positioning across regions, and selective emerging market exposure – particularly in Mexico and Brazil.

This episode was recorded on July 31, 2025.

Building Resilient Liquidity Sleeves with ETFs

Mon, 28 Jul 2025 15:08:47 -0400

In this episode, Matt Goodwin, Head of Fixed Income Product Strategy, discusses how advisors can navigate persistent market volatility through strategic use of liquidity tools, short-term fixed income, and inflation-protected ETFs. He examines the shifting role of cash in portfolio construction and outlines the advantages of active management in short-duration credit. Matt also provides a framework for building resilient liquidity sleeves that can adapt to evolving market conditions. With heightened volatility, uneven rate expectations, and inflation that remains stubbornly elevated, today's environment demands a more deliberate and dynamic approach to liquidity.

This episode was recorded on July 22, 2025.

All-Weather Alpha: The GQE Approach

Tue, 08 Jul 2025 12:00:00 -0400

In this episode, Arup Datta, Head of the Mackenzie Global Quantitative Equity Team, discusses the newly launched US Alpha Extension fund and Canada-focused strategies designed to bring institutional quantitative investing to retail investors. He explains why Canadian and international markets offer compelling alpha potential and outlines how the team’s all-weather investment process – grounded in value, growth, and quality factors – seeks to deliver consistent alpha across market cycles. Arup also shares how AI and machine learning is enhancing the team’s stock selection process, and he reflects on the strong performance and emerging value opportunities in US large caps.

This episode was recorded on July 2, 2025.

Fixed Income Perspectives: Summer Outlook on Rates, Risk, and Policy

Wed, 25 Jun 2025 16:05:00 -0400

In this episode, Konstantin Boehmer, Portfolio Manager and Head of Fixed Income, shares his outlook on central bank policy heading into the summer. He discusses the Fed's cautious stance as it navigates persistent inflation and slowing growth, highlighting the critical role of labour market data in shaping future decisions. Konstantin also examines the evolving market perception of the “One Big Beautiful Bill,” explaining why fiscal concerns may be overstated and how bond markets are adjusting. Finally, he explores the potential for future rate cuts by the Bank of Canada and flags key risks on the horizon, from rising geopolitical tensions to renewed tariff pressures.

This episode was recorded on June 19, 2025.

Next-Gen ETF Strategies: Income, Global Diversification & Tactical Opportunity

Mon, 23 Jun 2025 12:30:00 -0400

In this episode, Laurent Boukobza, ETF Strategist at Mackenzie Investments, discusses how covered call and active international equity ETFs are being used to generate income and manage risk amid higher rates and global uncertainty. He shares insights on the benefits of Canadian-listed active ETF strategies, the case for international diversification, and best practices for evaluating ETF liquidity.

This episode was recorded on June 16, 2025.

Hold the Line: Fed and Fiscal Developments

Fri, 20 Jun 2025 12:46:34 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, provides a timely analysis of recent US fiscal and monetary policy developments. Dustin examines the Fed's decision to hold rates steady while highlighting ongoing debates around economic growth, inflation pressures, and the impact of tariffs. He also provides an update on the "One Big Beautiful Bill" explaining how the Congressional Budget Office's relatively deficit-neutral score has helped ease concerns in the bond market. Finally, Dustin shares his views on the growing concerns surrounding the US dollar's safe-haven status amid rising fiscal imbalances and geopolitical risks.

This episode was recorded on June 19, 2025.

Staying Disciplined in a Momentum-Driven Market

Wed, 18 Jun 2025 14:25:39 -0400

In this episode, Shah Khan, Portfolio Manager and Co-Lead of the Mackenzie Bluewater Team, discusses the implications of market concentration in US mega-cap tech and Canada's resource-heavy sectors. He outlines how his team's disciplined, quality-focused strategy that emphasizes durable growth businesses, positions them to navigate economic slowdowns effectively. Shah also shares insights into the team's buy/sell framework, the evolving role of AI in portfolio construction, and why he maintains a cautious stance on the Canadian consumer amid elevated debt levels and persistent interest pressures.

This episode was recorded on June 12, 2025.

Truces, Tariffs, and Trade Tensions: What’s the Path Forward?

Fri, 13 Jun 2025 12:10:00 -0400

In this episode, Lesley Marks, Chief Investment Officer, unpacks the latest developments in US-China trade relations and offers her perspective on the progress of key trade agreements. She also discusses the contentious "One Big Beautiful Bill" and explores its potential impact on capital markets and the broader economy. Finally, Lesley shares her outlook for the US and Canadian economies in the second half of the year, highlighting the key risks and reasons for cautious optimism.

This episode was recorded on June 12, 2025.

Beyond the MER: Unpacking the Costs of ETF Trading

Thu, 29 May 2025 11:30:00 -0400

ETF investing involves far more than just the MER. In this episode, Markus Otema, Executive Director at CIBC Capital Markets, discusses the often-overlooked drivers of ETF trading costs and their impact on trade execution. He explains how bid-ask spreads can fluctuate based on ETF pricing and market conditions and explores the structural mechanisms that influence ETF costs and liquidity. Markus also shares his best practices for trading ETFs, including the significance of understanding the ETF’s underlying assets and the potential pitfalls of trading during periods of market volatility.

This episode was recorded on May 22, 2025.

The Case for Value: A Deep Dive into Mackenzie US Value Fund

Thu, 22 May 2025 16:15:00 -0400

In this episode, Caroline Edwards, Senior Client Portfolio Manager at Putnam Investments, offers a comprehensive overview of the newly launched Mackenzie US Value Fund. She explains the fund’s investment philosophy, which centers on a relative value approach to stock selection and details the team’s bottom-up idea generation process – an approach that combines fundamental and qualitative research to build a well-diversified and resilient opportunity set. Caroline also explains how the fund serves as a strong complement to the Mackenzie US All Cap Growth Fund, a strategy that Putnam has successfully managed for Mackenzie for over a decade.

This episode was recorded on May 16, 2025.

Investing in Quality: How the Ivy Team Finds Strength in Stability

Wed, 14 May 2025 11:30:00 -0400

In this episode, Matt Moody, Portfolio Manager and Head of the Mackenzie Ivy Team, shares how the team has been navigating today’s volatile markets with a disciplined, quality-first approach. He explains why Ivy’s long-term investment approach tends to shine during periods of market volatility, emphasizing the importance of focusing on the quality of the businesses the team invests in, rather than trying to predict short-term market movements. Matt also reflects on Warren Buffett’s decision to retire from Berkshire Hathaway and how his departure may impact the company’s future.

This episode was recorded on May 9, 2025.

FOMC, Tariffs, and Carney’s White House Visit

Fri, 09 May 2025 16:49:16 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, provides his key takeaways from the latest FOMC meeting, offering insights into the Fed's stance on interest rates, inflation, and economic growth. He also examines ongoing trade discussions, specifically recent developments between the US and UK, and how tariffs have been impacting market sentiment and risk appetite. Finally, Dustin shares his perspectives on the significance of Prime Minister Carney's visit to the White House and what it may signal for Canadian-US relations going forward.

This episode was recorded on May 8, 2025.

The Resilience of Canadian Equities: Opportunities and Challenges

Thu, 08 May 2025 13:54:35 -0400

In this episode, Will Aldridge, Portfolio Manager and co-lead of the North American Equity and Income Team, and Tim Johal, lead portfolio manager of the Mackenzie Canadian Dividend Fund, discuss the post-election outlook and sentiment towards Canadian equities. Despite near-term volatility, Will explains why the outlook for Canadian equities remains positive, driven by strong fundamentals and opportunities in sectors such as gold and banking. Tim also highlights the potential of Canada's natural resources, particularly natural gas, and the regulatory challenges that need to be addressed. They also touch on the valuation and outlook for Canadian banks as a proxy for the Canadian economy.

This episode was recorded on May 2, 2025.

Searching for Value in Volatile Markets

Thu, 01 May 2025 15:04:56 -0400

In this episode, Richard Wong, Portfolio Manager and Lead of the Mackenzie Cundill Team, discusses how higher interest rates and persistent inflation could benefit value stocks over growth stocks. He explains how ongoing volatility has the potential to create a complex but rewarding environment for value investors, highlighting opportunities in sectors such as European cyclicals and technology. Richard explores the implications of Germany's substantial stimulus package and how it could benefit European industrials. Finally, Richard provides a detailed look at his investment philosophy, reiterating the importance of valuation and catalysts in stock selection.

This episode was recorded on April 25, 2025.

Mixed Signals: Trade Wars & The Fed

Fri, 25 Apr 2025 13:30:01 -0400

In this episode, Lesley Marks, Chief Investment Officer of Equities, discusses the recent tensions between President Trump and Federal Reserve Chair Jerome Powell, focusing on Trump's fluctuating stance on interest rates and its economic implications. She provides insights into the ongoing trade war with China, explaining its impact on consumers and businesses, and emphasizes the importance of de-escalating tensions. Lesley also covers the upcoming Canadian federal election and how the outcome could influence trade relations with the US.

This episode was recorded on April 24, 2025.

Active ETFs on the Rise: What's Driving the Momentum in Canada?

Thu, 24 Apr 2025 13:29:54 -0400

In this episode, Tiffany Zhang, Vice President of ETFs and Financial Products Research at National Bank Financial, explores key trends in the ETF markets in Canada and the US, cross-border ETF investment considerations, and the case for buying Canadian. She discusses the growing popularity of active ETFs and what's been driving this momentum in Canada. Tiffany also discusses the implications of investing in US-based ETFs, highlighting important tax and currency considerations.

This episode was recorded on April 17, 2025.

Trade Tension and Tariffs: Are We Headed Towards Stagflation?

Thu, 17 Apr 2025 15:47:59 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the current market volatility driven by trade tensions, tariffs, and changing economic regimes. Dustin examines the Bank of Canada's decision to hold interest rates at 2.75% and how the upcoming Canadian election may influence fiscal policies and potential rate cuts in the future. He also examines recent changes in US trade policy surrounding tariffs, the escalating tensions between the US and China, and potential for stagflation. Additionally, Dustin shares recent updates to the team’s fixed income positioning.

This episode was recorded on April 16, 2025.

How Advisors Can Support with Tax Planning, Intergenerational Wealth Transfer, and Strategic Philanthropy

Thu, 10 Apr 2025 10:00:00 -0400

Tax season is upon us, and with it comes a slew of changes and challenges. In this episode, Tim Brisibe, Head of Mackenzie's Tax and Estate Team, covers a range of topics crucial for navigating tax season and beyond. He discusses the implications of recent policy changes, including the suspension of the consumer carbon tax and the deferral of the capital gains inclusion rate increase. Tim explains the importance of understanding the complexities that come with significant wealth and how advisors can play a pivotal role in managing these complexities, connecting this to the concept of "homeostasis" for financial harmony. Additionally, Tim provides practical strategies for advisors to help clients plan for the financial needs of loved ones with disabilities and how to incorporate strategic philanthropy.

This episode was recorded on April 4, 2025.

The Dividend Dream Team: Resilient Portfolios in the Face of Tariffs

Mon, 07 Apr 2025 10:00:00 -0400

In this episode, Katherine Owen, Vice President and Portfolio Manager on the Mackenzie Global Equity & Income Team, discusses the team's portfolio construction process amidst President Trump's turbulent tariff policy. Katherine explains the importance of pricing power and diversification across sectors, regions, and styles in the companies the team invests in. She also discusses how these factors have influenced the team's portfolio positioning, including exposure to defensive sectors. Katherine also shares two examples from the "Dividend Dream Team" that illustrate the team's investment process.

This episode was recorded on April 1, 2025.

Small but Mighty: Growth Opportunities in US Small and Mid-Cap Companies

Wed, 26 Mar 2025 10:00:00 -0400

In this episode, Phil Taller, Portfolio Manager and Lead on the Mackenzie Growth Team, discusses the impacts of rising trade barriers and tariffs, and why now may be an opportune time to consider allocating to small and mid-cap equities. He explains how US small and mid-cap companies differ from those in the Canadian market, noting that these companies are often leaders in their niches. Phil provides a detailed overview of his team's investment philosophy and selection process, which combines qualitative and quantitative analysis, focusing on sustainable growth and the uniqueness of a company's offerings. Additionally, he explores the potential positive effects of corporate tax cuts and deregulation on small and mid-cap companies, which often face greater challenges compared to their larger counterparts.

This episode was recorded on March 19, 2025.

Global Economic Uncertainty Abounds

Fri, 21 Mar 2025 14:08:13 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the Federal Reserve's shift towards a more uncertain economic outlook, highlighting concerns about downside growth risks and rising inflation projections. He explores trade dynamics between the US and Canada, covering current and upcoming tariffs and the political context influencing Canada's response. Additionally, Dustin examines current events in Canadian politics, the Bank of Canada, and Germany's suspension of the debt brake and its commitment to military and infrastructure spending.

This episode was recorded on March 20, 2025.

Understanding Floating Rate Loans, CLOs, and ETFs

Tue, 18 Mar 2025 10:00:00 -0400

In this episode, Movin Mokbel, VP and Portfolio Manager on the Mackenzie Fixed Income Team, explores the growing investor appeal of floating rate loans. He highlights their ability to eliminate interest rate risk and unpacks common misconceptions about Collateralized Loan Obligations (CLOs). Movin explains the regulation, liquidity, and diverse risk-reward characteristics of CLOs and how floating rate loans and CLOs can be accessed through ETFs, offering attractive yields with minimal credit risk and enhance investment portfolios.

This episode was recorded on March 11, 2025.

Weathering Market Volatility With a Quality-First Approach

Wed, 05 Mar 2025 15:14:50 -0500

In this episode, Hussein Sunderji, Portfolio Manager of the Mackenzie Ivy Foreign Equity Fund, discusses the Ivy Team's unique investing philosophy. Focusing on high-quality companies, maintaining a long-term perspective, and adhering to strict valuation disciplines, Hussein explains how the team has navigated the volatile markets of the past two years. Hussein notes that market volatility can create opportunities to capitalize on valuation disconnects. Despite macroeconomic challenges such as trade protectionism and tariffs, the Ivy Team remains committed to delivering superior risk-adjusted returns over the long term, aiming for a smoother path of returns for investors.

This episode was recorded on February 27, 2025.

The Potential Market Impact of Hot CPI and Universal Tariffs

Thu, 20 Feb 2025 15:00:00 -0500

In this episode, Dustin Reid, Chief Strategist for Fixed Income, discusses the ongoing volatile macro economic landscape in North America and Europe. Dustin explains how the market is perceiving the impact of both Canadian and US inflation data, and what the likely implications are for Bank of Canada and Fed policy. Dustin also speaks to how the Trump administration is viewing tariffs and where cross-asset markets might not be pricing what could happen next.

This episode was recorded on February 19, 2025.

Aluminum and Steel Tariffs: What Lies Ahead?

Fri, 14 Feb 2025 12:00:00 -0500

In this episode, Lesley Marks, Chief Investment Officer of Equities, unpacks the potential long-term impacts of President Trump's tariffs on aluminum and steel imports. While the market response has been muted, Lesley cautions that these tariffs could lead to increased costs and chaos, particularly in the automotive industry. Lesley also explores the recent strength of the Canadian dollar, explaining the factors behind its rally. Additionally, Lesley highlights the strong performance of Canadian, European, and Hong Kong equities compared to US equities this year.

This episode was recorded on February 13, 2025.

The Case for Low Volatility ETFs

Mon, 03 Feb 2025 07:15:00 -0500

In today’s unpredictable environment, understanding and managing market fluctuations is crucial for advisors and investors. In this episode, Haijie Chen, Portfolio Manager on Mackenzie’s Global Quantitative Equity Team discusses the current state of market volatility, key drivers behind it, and how quantitative investing can address these challenges. Haijie also breaks down the construction of Mackenzie’s low volatility ETFs and how they can be effectively integrated into an advisor’s portfolio.

This episode was recorded on January 27, 2025.

Interest Rates, Inflation, and Tariffs: What the Latest Central Bank Meetings Mean for Investors

Thu, 30 Jan 2025 16:00:00 -0500

In this episode, Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments, discusses the recent decisions by the Bank of Canada and Federal Reserve, exploring their future actions amid current economic conditions and looming tariff deadlines. Dustin also examines developments in equity markets, particularly the impact of the new Chinese AI model, DeepSeek, and its implications for technology stocks and energy consumption.

This episode was recorded on January 29, 2025.

Energy Emergency? Impacts of Trump’s Policies on Oil, Gas, and Natural Resources

Mon, 27 Jan 2025 16:15:00 -0500

In his first week in office, President Trump declared a national energy emergency, sparking debates about the acceleration of permitting for oil, gas, and power projects. In this episode, Benoit Gervais and Onno Rutten, Portfolio Managers on Mackenzie’s Resource Team, discuss President Trump’s latest executive orders and their implications for the resource sector. Benoit and Onno explore the theme of reshoring and the “America First policy”, emphasizing the significance of Canadian resources in bolstering US industrialization. Lastly, Benoit and Onno discuss how AI is impacting energy demand in relation to electrification and the power grid.

This episode was recorded on January 22, 2025.

The Half-life on Trump’s Tariff Headlines

Fri, 24 Jan 2025 11:06:52 -0500

In this episode, Dustin Reid, Chief Fixed Income Strategist, explores the potential implementation of tariffs under the new Trump administration and its implications for cross-asset markets. He discusses the role of the External Revenue Service and Canada's political and economic landscape. Dustin highlights key topics such as market pricing and expectations, deregulation, tax cuts, immigration policies, and potential changes in leadership.

This episode was recorded on January 23, 2025.

Fixed Income Outlook and Opportunities for 2025

Thu, 16 Jan 2025 11:00:00 -0500

What are fixed income markets expect from a second Trump presidency? And where might investors find opportunities? In this episode, Konstantin Boehmer, Head of Mackenzie’s Fixed Income Team, discusses the Bank of Canada’s approach and the Canadian economy’s outlook, addressing the threat of tariffs, low productivity, and rising unemployment. Konstantin also shares his insights on the US economic landscape, the potential impacts of a Trump presidency on fixed income markets, and global investment opportunities in fixed income.

This episode was recorded on January 9, 2025.

Special: 2025 ETF Outlook with Prerna Mathews

Mon, 13 Jan 2025 12:00:00 -0500

With the Canadian ETF market experiencing remarkable growth in 2024, trust and adoption of ETFs have surged among a diverse range of investors. Will this momentum continue into 2025? In this episode, Prerna Mathews, Head of ETFs at Mackenzie Investments, discusses the 2025 ETF Outlook. She delves into the sector’s remarkable growth and innovation highlighting 2024’s record inflows of $76 billion into ETFs in Canada—a staggering 45% increase over previous records. Prerna also shares insights into why more advisors and their clients are embracing ETFs and how these investment vehicles can be instrumental in building resilient portfolios.

This episode was recorded on January 6, 2025.

Dustin Reid – Tariffs, Inflation, and a Hawkish Fed Outlook

Thu, 19 Dec 2024 17:30:00 -0500

In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the Fed’s recent decision to cut interest rates by 25 basis points and its implications for both the US and Canadian markets. He highlights the Fed’s forecast for core PCE inflation at 2.5% for 2025, which exceeds their 2% target, and discusses how the Fed is now factoring in the potential economic impacts of tariffs—a notable shift from their traditional approach. Dustin also examines significant global events, such as changes in government leadership and ongoing trade tensions, and their influence on market behavior.

This episode was recorded on December 19, 2024.

Special: 2025 Market Outlook with Lesley Marks and Steve Locke

Mon, 09 Dec 2024 16:00:00 -0500

The sweeping Republican victory is expected to have potentially significant implications for geopolitical risk and trade flows, and for the outlook of various asset classes and sectors. On this special episode, Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income and Multi-Asset Strategies, discuss their market outlook for 2025.

Topics discussed in their conversation include:

How an incoming Trump administration could potentially benefit stocks, particularly small caps, and certain segments of the bond market
Why the Bank of Canada will need to continue cutting rates in 2025 and potentially more aggressively than expected
Why the resource sector may be poised for strong performance in 2025

For more insights and perspectives, download our 2025 market outlook.

This episode was recorded on December 3, 2024.

John Cook – The Energy Transition Outlook Post-US Election

Thu, 21 Nov 2024 15:56:55 -0500

Following the Republican electoral sweep, discussions have emerged about the effect the Trump administration may have on the clean energy sector – despite the US accounting for only a small percentage of the industry. On this episode, John Cook, Portfolio Manager and Co-Lead of the Mackenzie Greenchip Team, discusses the current state of the energy transition and clean tech investments, global opportunities, and how the incoming administration could affect environmental policies and investments. As a pioneer in environmental thematic investing, John believes the underlying drivers of the energy transition will remain unchanged.

This episode was recorded on November 19, 2024.

Jules Boudreau – The Trump Trade and US Small Caps

Mon, 18 Nov 2024 16:30:00 -0500

On this episode, Jules Boudreau, Senior Economist at Mackenzie Investments, discusses the potential impacts of a second Trump administration on US small caps. Jules highlights how US small caps are poised for potential growth, citing cheaper valuations, greater cyclicality, and higher leverage on balance sheets, but emphasizes the necessity of rate cuts and sustained US growth. Additionally, Jules examines the bond market’s reaction to increased government deficits under a Trump administration and explores the challenges facing the Canadian economy.

Adam Gofton – The Ivy Approach to Long-Term Investing

Tue, 12 Nov 2024 11:30:00 -0500

In this episode, Adam Gofton, Portfolio Manager on the Mackenzie Ivy Team, discusses the team’s investment philosophy and approach to long-term investing. Adam emphasizes the importance of finding quality companies at reasonable prices and highlights how corporate culture, economic resilience, and a strong balance sheet are key factors to long-term success. He also explains why the outcome of the US election won’t result in any major changes to the portfolio, as the team continues to focus on investing in high-quality companies that can perform well across different environments.

This episode was recorded on October 31, 2024.

Dustin Reid – Market Reactions to US Election Results

Fri, 08 Nov 2024 15:37:07 -0500

In this episode, Dustin Reid, Chief Fixed Income Strategist provides a comprehensive analysis of the potential economic and market impacts of President-elect Trump’s return to the White House. Dustin explores the implications of Trump’s proposed economic policies on supply chains, inflation, and the global economy, and expected focus on immigration and deregulation. Dustin also discusses the Fed’s recent rate cut, future monetary policy, and the challenges ahead.

This episode was recorded on November 8, 2024.

Dustin Reid – Analyzing the Bank of Canada’s Rate Cut Decision

Thu, 24 Oct 2024 16:15:00 -0400

In this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the Bank of Canada’s decision to lower interest rates by 50 basis points and what investors may expect in the coming months. In China, recent stimulus measures have sparked both optimism and skepticism in the markets. Dustin provides his insights and the potential impacts on the global economy. Lastly, Dustin provides an update on the state of the US economy and explores how evolving dynamics in polling and betting markets ahead of the US election may influence market behaviour and various asset classes.

This episode was recorded on October 23, 2024.

ETFs Explained: Debunking Common Myths and Misconceptions

Wed, 23 Oct 2024 11:30:00 -0400

Are active ETFs really just ‘lite’ versions of mutual funds? In this episode, Prerna Mathews, VP of ETF Product Strategy, and Chad Wood, ETF Strategist at Mackenzie Investments, debunk this and other common ETF myths and misconceptions. Their conversation also explores how ETFs are built, what can be included in them, and how they are brought to market.

Shah Khan – The Bluewater Approach: Investing in Durable Growth

Wed, 09 Oct 2024 03:30:00 -0400

In this episode, Shah Khan, Portfolio Manager and Co-Lead of Mackenzie Bluewater Team, discusses the team’s unique approach to investing emphasizing the importance of free cash flow as a key driver of growth. Shah also shares his insights on the current AI infrastructure build-out, the structural challenges facing China and its potential implications for the Canadian equity market, and how the energy transition is impacting oil demand.

This episode was recorded on October 3, 2024.

Dustin Reid – Analyzing the Fed’s Bold Rate Cut Decision

Fri, 20 Sep 2024 11:45:00 -0400

Investors widely expected a rate cut from the Fed, but the bold decision to lower interest rates by 50 basis points took many by surprise. In this episode, Dustin Reid, Chief Fixed Income Strategist, delves into the Fed’s first rate cut decision since 2020, its future outlook, and how it could affect other central banks worldwide. Dustin also examines recent Canadian inflation data, highlighting signs of economic weakness compared to the US, and how this might influence the Bank of Canada’s future decisions. Lastly, Dustin touches on the upcoming US presidential election and its potential impact on economic policies, particularly regarding immigration and labour market dynamics.

This episode was recorded on September 19, 2024.

Navigating Market Uncertainty With Low Volatility ETFs

Tue, 17 Sep 2024 07:00:00 -0400

In times of heightened market uncertainty, low volatility ETFs have increased in popularity. But can they help advisors manage risk without sacrificing their clients’ equity exposure? In this episode, Prerna Mathews, VP of ETF Product Strategy, and Nicholas Tham, Portfolio Manager on Mackenzie’s Global Quantitative Equity Team, explore the concept of low volatility ETFs, their performance, and common misconceptions. Nicholas highlights the team’s unique approach and investment process behind Mackenzie’s suite of low volatility ETFs. Lastly, Prerna and Nicholas share advice on how advisors can discuss low volatility ETFs with their clients.

This episode was recorded on September 5, 2024.

Benoit Gervais – Generating Alpha Within the Resource Sector

Fri, 13 Sep 2024 07:01:00 -0400

In this episode, Benoit Gervais, Portfolio Manager and Head of Mackenzie Resource Team, discusses the current state of the resource sector and provides his short and long-term outlook and trends on the commodity complex. Benoit shares his advice on managing exposure to the resource sector within a Canadian equity allocation, highlighting the importance of diversification and potential for alpha generation.

This episode was recorded on September 6, 2024.

Lesley Marks – Mixed Signals: Unpacking Jobs Data and Market Trends

Tue, 10 Sep 2024 12:11:02 -0400

In this episode, Lesley Marks, Chief Investment Officer of Equities, discusses the latest US non-farm payroll report, unpacking its mixed results and the implications for the Fed’s upcoming moves. Lesley also examines the Bank of Canada’s recent 25 basis point cut, exploring how it fits within the broader Canadian economic landscape. Lastly, Lesley previews the upcoming US presidential debate, offering insights on key economic policies to watch for.

This episode was recorded on September 9, 2024.

Dustin Reid – Making Sense of Market Volatility

Thu, 15 Aug 2024 11:30:00 -0400

On this episode, Dustin Reid, Chief Fixed Income Strategist, analyzes the latest US CPI and PPI data, shedding light on the current state of inflation and its potential impact on the Fed’s decisions for the remainder of the year. Dustin shares his insights on the recent surge in market volatility, examining both technical factors and fundamental concerns. Additionally, Dustin discusses the Bank of Canada’s rate cut trajectory and highlights his team’s recent portfolio trades.

This episode was recorded on August 14, 2024.

Optimizing Portfolio Construction with ETFs

Wed, 14 Aug 2024 10:00:00 -0400

On this episode, Prerna Mathews, VP of ETF Product Strategy, and Luc Lafleur, AVP of Portfolio Construction at Mackenzie Investments, share their insights on how advisors can optimize portfolio construction with ETFs and how ETFs can contribute to running efficient advisory practices. Prerna and Luc explore the impact of global economic drivers on portfolio strategies and the importance of aligning strategic asset allocation with investment goals. Prerna and Luc also discuss active and passive investing, how to avoid common portfolio construction mistakes, and the versatility of ETFs in both strategic and tactical allocations.

Dustin Reid – Will the Fed Cut Rates in September?

Fri, 02 Aug 2024 11:45:26 -0400

Although the market did not anticipate a rate cut, early indications suggest the Fed is leaning towards cutting rates in September. On this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the recent Fed meeting, analyzing the Fed’s forward guidance and the likelihood of upcoming rate cuts. Dustin also highlights key Canadian economic data and potential further rate cuts by the BoC, updates from the Bank of Japan, and insights on the US election’s potential impacts on market volatility.

This episode was recorded on August 1, 2024.

Lesley Marks – The Bank of Canada Cuts Rates Again

Mon, 29 Jul 2024 16:00:00 -0400

On this episode, Lesley Marks, Chief Investment Officer of Equities, discusses the Bank of Canada’s latest rate cut decision, explores the driving factors behind monetary policy and its implications for the Canadian economy. Lesley also offers her insights on the commodity market, highlighting how copper is poised for growth and its crucial role in the energy transition and AI infrastructure.

This episode was recorded on July 26, 2024.

US Election 2024: Political Shifts and Market Impacts

Fri, 26 Jul 2024 12:19:56 -0400

On this special episode of Market Exchange, Dustin Reid, Chief Fixed Income Strategist, recaps the pivotal events leading to Vice President Kamala Harris’ rise as the presumptive Democratic nominee. Dustin analyzes the potential market and economic implications of a Harris administration. Dustin also explores the dynamics of the so-called ‘Trump trade’ and examines how the Vice Presidential nominees could influence this year’s election.

This episode was recorded on July 25, 2024.

Richard Wong – Value Investing: Why the Style Is Relevant in Today’s Market

Wed, 17 Jul 2024 16:15:00 -0400

Is value investing poised for a comeback in the current market environment? In this episode, Richard Wong, Portfolio Manager and Head of Mackenzie Cundill Team, explores this question. Richard discusses why he believes the market is shifting towards value, highlighting value investing’s historical outperformance during periods of structurally positive inflation and interest rates. Richard also discusses three categories of value stocks – quality, cyclical, and deep value – and where he sees opportunities.

This episode was recorded on July 9, 2024.

Dustin Reid – Analyzing the Latest CPI Report, US Elections, Upcoming BoC Decision

Fri, 12 Jul 2024 13:30:00 -0400

On this episode, Dustin Reid, Chief Fixed Income Strategist, discusses the latest CPI data and its implications for the Fed’s monetary policy. Could this suggest a path forward for the Fed to begin a rate cutting cycle as we approach the end of the summer? Dustin also explores the potential market implications of a Trump victory and a Republican sweep in the upcoming US elections.

This episode was recorded on July 11, 2024.

Inside Active ETFs: What’s Behind the Growth in Canada?

Wed, 03 Jul 2024 07:30:00 -0400

What are active ETFs and what is behind their growing popularity in Canada? On this episode, Prerna Mathews, VP of ETF Product Strategy, and Andres Rincon, Head of ETF Sales and Strategy at TD Securities, discuss the intricacies of active ETF structures, and the similarities and differences in trade experiences between active and index ETFs for advisors and investors. Prerna and Andres also examine the impact of trading global equity and fixed income ETFs in a T+1 trading environment.

Benoit Gervais – Inflation, Politics, and AI: What it Means for Commodities

Thu, 20 Jun 2024 11:45:00 -0400

What has been causing the surprising upward trend in gold prices despite rising real rates? On this episode, Benoit Gervais, Portfolio Manager and Head of Mackenzie Resource Team, explores how the demand for gold has been shifting from the Western world to Asia. Benoit also discusses the factors influencing commodity trends such as politics, the energy transition, and AI’s impact on today’s market.

This episode was recorded on June 14, 2024.

Dustin Reid – Market Reactions to CPI Report and Fed Decision

Fri, 14 Jun 2024 10:35:58 -0400

With CPI showing signs of easing, indications from the Fed reveal they aren’t in a rush to lower rates. On this episode, Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments, discusses how the markets have been reacting to the latest CPI report and Fed decision. Dustin also touches on the ECB’s decision to cut its benchmark rate by 25 basis points, increased volatility in emerging markets – specifically in Mexico – and recent portfolio trades.

This episode was recorded on June 13, 2024.

Special: Mid-Year Outlook with Lesley Marks and Steve Locke

Wed, 12 Jun 2024 07:00:00 -0400

The investment and economic water have smoothed over the last six months, yet market expectations of interest rate cuts were challenged by resilient growth and inflation. On this special episode, Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income and Multi-Asset Strategies, discusses their market outlook for the rest of 2024. Topics discussed in their conversation include:

Global growth and the US economy
Inflation and interest rates
Bond market volatility and opportunities
Impacts of the energy transition on equity and fixed income markets
Market implications of generative AI
Geographic investment opportunities

For more insights and perspectives, download our 2024 mid-year market outlook.

This episode was recorded on May 31, 2024.

Dustin Reid – Analyzing the Bank of Canada’s Rate Cut

Thu, 06 Jun 2024 16:00:00 -0400

What’s the significance of the Bank of Canada’s decision to cut interest rates and what could it mean for investors? On this episode, Dustin Reid, Chief Fixed Income Strategist, breaks down the BoC’s decision to cut interest rates by 25 basis points. As the first G7 country to do so, what could this mean for the coming months? Dustin also discusses recent election results in South Africa, Mexico, and India and their potential impact on market volatility.

This episode was recorded on June 5, 2024.

Matt Moody – The Ivy Approach: Quality, Long-Term Sustainability, and Corporate Culture

Tue, 28 May 2024 16:00:00 -0400

For over 30 years, the Mackenzie Ivy Team has established itself as one of the most time-tested defensive strategies, focusing on quality, long-term sustainability, and corporate culture. On this episode, Matt Moody, Portfolio Manager and Head of Mackenzie Ivy team, discusses the team’s approach to stock selection and portfolio construction and how they seek companies with competitive advantages, good growth prospects, and high returns on capital. Matt also explains how Ivy’s approach aligns with the goal of providing clients with a stable and reliable investment experience, even during volatile market environments.

This episode was recorded on May 21, 2024.

Lesley Marks – Equity Market Performance and Policy Diversion

Tue, 07 May 2024 16:30:00 -0400

After a strong first quarter, equity markets experienced a pullback in April as odds of a forthcoming rate cut by the Fed seem unlikely. On this episode, Lesley Marks, Chief Investment Officer of Equities, discusses the negative performance of the equity markets in April. Lesley suggests it was a modest pullback rather than the start of a downward trend. Lesley also shares her insights on the latest earnings season and explores the potential impacts of diverging policies between the Fed and Bank of Canada.

This episode was recorded on May 6, 2024.

Dustin Reid – Will the BoC Be the First To Cut?

Fri, 03 May 2024 10:29:02 -0400

Is the Bank of Canada hinting at a rate cut in June, even as the Fed adopts a more hawkish stance? On this episode, Matthew Schnurr and Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments, discuss the implications of the Fed’s latest meeting and its unexpected adjustments to their quantitative tightening program. Given the unique economic pressures in contrast to the US, Dustin explores the possibility of the BoC to begin cutting rates in June.

This episode was recorded on May 2, 2024.

Special: Exploring the Opportunities in the Energy Transition

Mon, 22 Apr 2024 08:00:00 -0400

Generational investment opportunities rarely arise, but that’s exactly what’s happening in the push toward net zero. On this special Earth Day episode, John Cook, Portfolio Manager and Team Co-Lead of the Mackenzie Greenchip Team, and Konstantin Boehmer, Head of Fixed Income, discuss the latest developments in the energy transition and explore investment opportunities in both equity and fixed income markets.

Lesley Marks – Evaluating Geopolitical Risks in the Middle East

Tue, 16 Apr 2024 16:30:00 -0400

How have markets reacted to recent escalations in the conflict in the Middle East? On this episode, Lesley Marks, Chief Investment Officer of Equities, discusses how commodities have been impacted by geopolitical risks in the Middle East and new US and UK sanctions banning deliveries of Russian supplies. Lesley also discusses the potential for a pullback in US equities market despite strong fundamentals and earnings growth.

This episode was recorded on April 15, 2024.

Dustin Reid – Hotter Than Expected Inflation: Is It Here To Stay?

Fri, 12 Apr 2024 10:59:57 -0400

After a hotter than expected CPI print, are all bets off for an interest rate cut in June? On this episode, Matthew Schnurr and Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments, discuss market reactions to the recent inflation data in the US and how this could affect expectations for multiple interest rate cuts this year. Dustin also discusses the BoC’s decision to hold interest rates at 5% and why rates may begin to ease sooner rather than later.

This episode was recorded on April 11, 2024.

Arup Datta – Quantitative Equity Investing & New Mackenzie World Low Volatility Fund

Wed, 10 Apr 2024 16:00:00 -0400

On this episode, Arup Datta, Senior Vice President and Head of Mackenzie’s Global Quantitative Equity Team, discusses his team’s approach to quantitative equity investing and how machine learning is now incorporated into their process. Arup also discusses the recent launch of the Mackenzie World Low Volatility Fund and how it can complement the Mackenzie Global Equity Fund that his team also manages.

This episode was recorded on April 8, 2024.

Dustin Reid – Key Takeaways From the Fed’s March Meeting

Fri, 22 Mar 2024 13:37:51 -0400

As core inflation remains above the Fed’s 2% target, three interest rate cuts are still projected for this year, consistent with central bankers’ lower rate outlook. In this episode, Matthew Schnurr and Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments, discuss how the subtle changes in the Fed’s long-term outlook suggest a dovish stance, which could indicate that higher inflation rates may be more acceptable in the future. Dustin also explores the implications of the weaker-than-expected inflation numbers in Canada and how the BoC’s April meeting could set the stage for future policy actions. Finally, Dustin explains the BoJ’s historic interest rate hike, the first in 17 years, and the end of their yield curve control policy.

This episode was recorded on March 21, 2024.

Dustin Reid – Analyzing the US Election Campaign, BoC Decision, and Fed Outlook

Fri, 08 Mar 2024 09:10:56 -0500

As a potential rematch between President Joe Biden and former President Donald Trump becomes more and more likely, what implications could this have in the markets? In this episode, Matthew Schnurr and Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments, analyze various scenarios that could play out between now and election day in November. Dustin also discusses the most recent Bank of Canada decision and what we could expect in the upcoming Fed meeting later this month.

This episode was recorded on March 7, 2024.

Darren McKiernan – How We Build a “Dream Team” Portfolio

Wed, 06 Mar 2024 16:00:00 -0500

When it comes to portfolio construction, identifying companies with sustainable competitive advantages, or moats, can help drive long-term returns. On this episode, Darren McKiernan, Portfolio Manager and Head of Mackenzie Global Equity & Income Team, discusses the concept of the “Dream Team” and the six competitive advantages that guides his team’s investment decisions. Darren also highlights the significance of a company’s capital allocation decisions in relation to its competitive advantages and growth potential.

This episode was recorded on February 26, 2024.

Lesley Marks – Canadian Bank Earnings, US Consumer Resilience, and Chinese Equities

Tue, 05 Mar 2024 16:00:00 -0500

What do recent bank earnings mean for Canada’s economy? In this episode, Lesley Marks, Chief Investment Officer of Equities, discusses the latest market trends, the state of the Canadian and US consumer, and insights on Chinese equities. Lesley highlights Bitcoin’s recent momentum and its potential as a sentiment indicator for the broader market. Finally, Lesley provides a thoughtful outlook for 2024, emphasizing the continued resilience of the US economy, the enduring trend of AI, and the potential risks and opportunities in the current interest rate environment.

This episode was recorded on March 1, 2024.

James Morrison – Investing Is a Marathon, Not a Sprint

Tue, 27 Feb 2024 11:00:00 -0500

For over 30 years, the Mackenzie Ivy Team has established itself as one of the most time-tested defensive strategies, helping investors reach their long-term goals. On this episode, James Morrison, Vice President and Lead Portfolio Manager on the Mackenzie Ivy Canadian Team, explains his team’s strategy, focus on downside protection, and how managing the emotional aspects of investing can help clients succeed over time. He explores how the team builds conviction and the importance that corporate culture plays in their process.

This episode was recorded on February 22, 2024.

Dustin Reid – Why Rate Cuts Aren’t Likely in March

Thu, 01 Feb 2024 16:04:57 -0500

Are all bets off for the Fed to begin cutting rates in March? In this episode, Matthew Schnurr and Dustin Reid, Chief Fixed Income Strategist at Mackenzie Investments, discuss the Fed’s first meeting of the year and its implications for inflation and the U.S. economy. Despite the Fed’s dovish tone in December, Dustin analyzes the Fed’s shift to a neutral stance with a focus on inflation and why a rate a cut in March appears unlikely.

This episode was recorded on February 1, 2024.

Lesley Marks – Inflation, Interest Rates, and the Impact on Equities

Mon, 29 Jan 2024 16:15:00 -0500

What do the first four weeks of 2024 tell us about the year to come? Lesley Marks, Chief Investment Officer of Equities at Mackenzie Investments, provides her perspectives on the latest Bank of Canada decision and Monetary Policy Report, and discusses her outlook for the global economy as we progress through the year. Lesley also explains how recent data suggests a favourable environment for equities and why companies with durable growth are faring well over economically sensitive companies.

This episode was recorded on January 26, 2024.

Prerna Mathews & Laurent Boukobza – Is Cash Still King?

Tue, 23 Jan 2024 16:30:00 -0500

With predicted rate cuts potentially looming around the corner, should investors rethink their cash allocation? In our first episode of 2024, join host Matthew Schnurr as he welcomes Prerna Mathews, VP of ETF Product Strategy, and Laurent Boukobza, VP and Fixed Income ETF Strategist, to discuss their outlook for cash and cash-like solutions. Prerna and Laurent explore the changing landscape of cash over the past three years and provide tactical and strategic considerations for cash within client portfolios. Prerna also explains the importance of liquidity, tax implications, and yield when choosing between GICs, high-interest savings accounts, money market funds, and ETFs such as ultra-short bond ETFs.

For additional insights, see why it may be time to adopt a new approach to cash and cash equivalent allocations.

This episode was recorded on January 22, 2024.

Lori Kerr & Andrew Vasila – What COP28 Means for Sustainable Infrastructure and Investors

Tue, 19 Dec 2023 07:35:00 -0500

In our final episode of the year, join host Matthew Schnurr as he welcomes Andrew Vasila, Senior Investment Analyst on the Mackenzie Fixed Income Team, and special guest, Lori Kerr, CEO of FinDev Canada, to discuss their biggest takeaways from COP28 and what the future holds for sustainable infrastructure and investing.

This episode was recorded on December 15, 2023.

Dustin Reid – Unpacking the Fed’s Dovish Tone

Fri, 15 Dec 2023 07:30:00 -0500

In this episode, join host Matthew Schnurr as he welcomes Dustin Reid, VP and Chief Fixed Income Strategist at Mackenzie Investments, to discuss the dovish narrative that emerged from the Federal Reserve’s recent meeting. Dustin explores the underlying economic data that influenced the Fed’s decision and shares insights on the potential for rate cuts next year, starting as early as March. Dustin also shares his thoughts on the Bank of Canada’s stance and discusses fixed income opportunities in emerging markets.

This episode was recorded on December 14, 2023.

Special: 2024 Market Outlook with Lesley Marks and Steve Locke

Thu, 07 Dec 2023 16:30:00 -0500

The investment and economic environments have changed over the last 12 months. And elevated risks suggest that “safety first” is a good investment motto for the year ahead. In this special episode, host Matthew Schnurr is joined by Mackenzie Investments’ Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income and Multi-Asset Strategies, to discuss their market outlook for 2024.

Topics discussed in their conversation include:

Review of equity and fixed income markets this year
Expectations from central banks next year
Asset mix recommendations for equities and fixed income
Three key themes
How geopolitical events can impact equities and fixed income

For more insights and perspectives, download our 2024 market outlook.

This episode was recorded on December 4, 2023

Konstantin Boehmer – Pockets of Value and Opportunities in Fixed Income Markets

Thu, 30 Nov 2023 16:30:00 -0500

In this episode, join host Matthew Schnurr and his guest Konstantin Boehmer, SVP, Portfolio Manager and Co-Lead of Mackenzie’s Fixed Income team, for a review of fixed income markets this year. Konstantin discusses his expectations for the year and explains that while overall performance in fixed income markets were not outstanding, there were pockets of value to be found. Konstantin also highlights his three most highly convicted fixed income ideas as we approach 2024.

This episode was recorded on November 23, 2023.

Benoit Gervais – Inflation and the Energy Transition: Implications for the Commodity Complex

Tue, 28 Nov 2023 16:30:00 -0500

In this episode, join host Matthew Schnurr as he welcomes Benoit Gervais, Portfolio Manager and Head of Mackenzie Resource team, to discuss the key factors driving long-term inflation expectations. Benoit explains the distinction between supply-led and demand-led inflation, highlighting the shift from temporary supply chain disruptions to sustained wage-driven inflation. Benoit also explores the implications of the energy transition on commodities, emphasizing the importance of environment and social standards in shaping consumer preferences.

This episode was recorded on November 21, 2023.

Lesley Marks – Is the Inflation Story Over?

Mon, 06 Nov 2023 07:00:00 -0500

Join host Matthew Schnurr and his guest Lesley Marks, CIO of Equities at Mackenzie Investments, as they explore the significant market drivers, from the complex geopolitical situation in the Middle East to the latest economic data. Lesley also discusses if Canada is in a technical recession and whether the inflation story is really over.

This episode was recorded on November 1, 2023.

Dustin Reid – Unravelling Central Bank Strategies: Market Pricing, Narratives, and Global Trends

Fri, 03 Nov 2023 09:38:45 -0400

In this episode, join host Matthew Schnurr as he welcomes Dustin Reid, VP and Chief Fixed Income Strategist at Mackenzie Investments, for an analysis of recent central bank actions in the US, Canada, and Japan. Dustin explores the Federal Reserve’s decision to hold interest rates, its approach to managing inflation, and the implications for the US economy. Moving to Canada, Dustin discusses the Bank of Canada’s concerns about sluggish economic growth and explores the possibility of cutting interests before hitting 2% inflation. Shifting to Japan, Dustin dissects the Bank of Japan’s yield curve control policy and the adjustments that have been made.

This episode was recorded on November 2, 2023.

Nelson Arruda & Jules Boudreau – Global Economic Trends: Oil, Currencies, and More

Tue, 31 Oct 2023 16:00:00 -0400

In this episode, host Matthew Schnurr and his guests Nelson Arruda, Portfolio Manager and Head of Mackenzie’s Multi-Asset Strategies Team, and Jules Boudreau, Senior Economist, take you on an around the world journey diving into key global economic trends. The team covers topics such as oil, currency markets, equities, and the Canadian economy.

This episode was recorded on October 27, 2023.

Shane Feeney – The Case for Private Equity Investments

Thu, 26 Oct 2023 07:15:00 -0400

In this episode, join host Matthew Schnurr as he welcomes Shane Feeney, Managing Director and Global Head of Secondaries at Northleaf Capital Partners, for a deep dive into the world of private equity investing. Shane shares his insights into various private equity strategies and how the Northleaf team leverages an integrated model, which includes primary, secondary, and direct co-investment strategies. Shane also discusses the team’s approach to assessing private equity managers, the importance of diversification, and the impacts of a higher interest rate environment on the asset class.

This episode was recorded on October 20, 2023.

Dustin Reid – What’s Been Driving Volatility in the Long End of the Curve?

Fri, 13 Oct 2023 09:44:57 -0400

In this episode, join host Matthew Schnurr and his guest, Dustin Reid, VP and Chief Fixed Income Strategist at Mackenzie Investments, as they explore the factors and events that have been driving the rise in yields and volatility in the long end of the yield curve. Dustin also provides his insights into the latest US CPI reading and offers fixed income trade opportunities to capture real yields.

This episode was recorded on October 12, 2023.

Lesley Marks – How Rising Yields Are Impacting Equities and Bonds

Thu, 05 Oct 2023 04:00:00 -0400

With rising yields taking over recent headlines, is risk-free bond investing more attractive right now? Join host Matthew Schnurr and his guest Lesley Marks, CIO of Equities at Mackenzie Investments, as they discuss how rising yields have been reshaping the investment landscape, central banks’ responses, and how recent political developments in the US have impacted market volatility.

This episode was recorded on October 4, 2023.

Dustin Reid – Higher for Longer: Market Reactions to the Fed

Thu, 21 Sep 2023 16:40:08 -0400

In this episode, join host Matthew Schnurr and his guest, Dustin Reid, VP and Chief Fixed Income Strategist at Mackenzie Investments, as they discuss the market’s response to the Fed’s decision to hold rates. Dustin explores the implications of interest rates staying “higher for longer”, concerns around inflation, and assess the impact of the Fed’s policies on both the U.S. and global economies.

This episode was recorded on September 21, 2023.

Special – Cultivating Trust: Expert Insights for Financial Professionals with Herman Brodie

Mon, 18 Sep 2023 07:00:00 -0400

In a rapidly changing economic environment, investors are grappling with mounting uncertainties. As this environment evolves, trust emerges as the bedrock of client-advisor relationships. Join us in this special episode as Gary Chateram, SVP and Head of Retail Distribution at Mackenzie, engages in a thought-provoking conversation with distinguished behavioural financial specialist, Herman Brodie, on the importance of trust and how to cultivate it.

Gain valuable insights as Herman shares actionable strategies for financial advisors to build long lasting trust with clients. Discover the power of vulnerability, the role of shared values, and practical tips to navigate trust-building in today’s evolving landscape. Whether you’re a seasoned financial professional or new to the industry, this episode offers invaluable insights that you can apply immediately to enhance your relationship with your clients.

This episode was recorded on August 10, 2023. For advisor use only.

Richard Wong – Unlocking Value: Exploring Deep, Cyclical, and Quality Value Investing

Thu, 14 Sep 2023 07:00:00 -0400

In this episode, join host Matthew Schnurr as he welcomes Richard Wong, Senior Vice President, Portfolio Manager, and Head of Mackenzie Cundill Team, for a deep dive into the world of value investing. Richard discusses how his team incorporates the intricacies of deep, cyclical, and value investing strategies in their portfolio, along with real-world examples. Gain valuable insights into Richard’s team’s bottom-up approach and learn how they adjust their portfolio exposures across economic cycles.

This episode was recorded on September 11, 2023.

Lesley Marks – Insights on Recent Canadian GDP, US Jobs Data, and Equity Markets

Thu, 07 Sep 2023 16:15:00 -0400

In this episode, host Matthew Schnurr in joined by Lesley Marks, CIO of Equities at Mackenzie Investments. Together they explore the latest economic developments, including recent Canadian GDP and US jobs data, and provide an outlook on equity markets. Lesley also discusses Saudi Arabia’s decision to extend oil production cuts and the recent challenges facing China’s economy.

This episode was recorded on September 5, 2023.

Dustin Reid – Inflation Trends, China’s Ripple Effects, and Real Yields

Thu, 17 Aug 2023 16:21:28 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Dustin Reid, VP and Chief Fixed Income Strategist. Dustin provides a deep analysis of the latest US and Canadian inflation readings, shares his perspectives on the concerns around China’s reopening, and offers fixed income trade opportunities to capture real yields across the globe.

This episode was recorded on August 17, 2023.

Dave Taylor & Tyler Hewlett – Unravelling Growth vs. Value: Enter the Global Energy Transition and AI Driven Digitization

Mon, 14 Aug 2023 07:00:00 -0400

In this episode, host Matthew Schnurr is joined by Dave Taylor and Tyler Hewlett, Vice Presidents and Portfolio Managers of Mackenzie Investments’ Bluewater Team. Together they explore the evolving paradigms of growth and value and discuss the impacts of the global energy transition and AI driven digitization. Discover how these powerful forces are reshaping the investment landscape and gain strategic insights that guides businesses in this era of secular change.

This episode was recorded on July 28, 2023.

Katherine Owen & Ome Saidi – The Power of Quality: Navigating Through a Higher Rate Environment

Tue, 08 Aug 2023 16:00:00 -0400

In this episode, host Matthew Schnurr is joined by Katherine Owen and Ome Saidi, Vice Presidents and Portfolio Managers of Mackenzie Investments’ Global Equity and Income Team, where they delve into the art of quality investing. Discover the defining characteristics of quality companies and how they can weather market turbulence and flourish amid changing economic landscapes. Katherine and Ome also discuss how technological disruption, particularly AI, could affect quality companies.

This episode was recorded on July 31, 2023.

Lesley Marks – Economic Resilience Amid Rising Rates: What to Expect Next?

Tue, 01 Aug 2023 06:30:00 -0400

In this episode, host Matthew Schnurr in joined by Lesley Marks, CIO of Equities at Mackenzie Investments. Together they explore the economic resilience that has been defying expectations amid rising interest rates. Uncover the latest trends in the ongoing earnings season and gain valuable insights into what this means for investors in the Canadian stock market. Lesley also sheds light on the potential global impacts of the Bank of Japan’s recent softening yield curve control program.

This episode was recorded on July 28, 2023.

Dustin Reid – Decoding the Fed’s July Meeting: The Outlook for Future Rate Hikes

Thu, 27 Jul 2023 16:11:41 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Dustin Reid, VP and Chief Fixed Income Strategist. Together they discuss recent central bank activities and inflation data. They explore the Federal Reserve’s most recent 25 basis point hike, its implications, and key takeaways from the July meeting. Dustin also provides an update on strategic positions the Fixed Income Team are monitoring, including U.S. Treasury inflation-protected securities and emerging market bonds.

This episode was recorded on July 27, 2023.

John Cook – The Big Battery Bet in the Great Energy Transition

Thu, 20 Jul 2023 16:25:00 -0400

In this episode, host Matthew Schnurr is joined by John Cook, Senior Vice President, Portfolio Manager, and Team Co-Lead of Mackenzie Investments’ Greenchip Team. Together, they discuss why batteries matter in the great energy transition, the most recent subsidies put forward by governments supporting this transition, supply chain and geopolitical risks, and what this means for the Greenchip Team’s portfolios.

This episode was recorded on July 13, 2023.

Lesley Marks – Is Low Volatility an Ominous Sign for Equities?

Mon, 10 Jul 2023 16:30:00 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Lesley Marks, CIO of Equities. Together they discuss the Bank of Canada and Federal Reserve’s upcoming interest rate decision, why volatility in equities have been recently low, and what to expect in this earnings season.

This episode was recorded on July 6, 2023.

Arup Datta – The Evolution of Quantitative Investing

Tue, 27 Jun 2023 06:00:00 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Arup Datta, Senior Vice President, Head of Global Quantitative Equity Team. Together, they discuss how quantitative investing has changed in the past five years, the role of AI and ChatGPT in fundamental analysis, and Arup’s philosophy of all-weather investing and the construction of his models.

Special: Mid-Year Outlook with Lesley Marks and Steve Locke

Wed, 21 Jun 2023 09:36:46 -0400

At the halfway point of 2023, one thing is clear: Goldilocks is still nowhere to be seen.

In this special episode, host Matthew Schnurr is joined by Mackenzie Investments’ Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income and Multi-Asset Strategies, to discuss where equity and fixed income markets are heading for the second half of the year and why. Topics discussed in their conversation include:

If inflation will remain stickier than expected
Renewed hawkishness within central bankers around the globe
An update on the regional banking crisis and if it’s truly over
Outlook for equities and fixed income for the rest of 2023

For more insights and perspectives, download our 2023 mid-year market outlook.

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com.

Dustin Reid on the BoC’s decision to hike while the Fed decided to skip

Thu, 15 Jun 2023 14:01:04 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Dustin Reid, VP and Chief Fixed Income Strategist. Together they discuss recent central bank activities, including the Bank of Canada’s decision to hike interest rates while the Fed decided to skip. Dustin also provides an update on trade ideas that his team are monitoring.

Lesley Marks on the recent OPEC production cuts and what this could mean for the S&P 500

Tue, 06 Jun 2023 16:31:22 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Lesley Marks, CIO of Equities. Together they discuss OPEC’s recent decision to reduce output in July, the impacts this will have on central bank actions, and what this could mean for the S&P 500.

Konstantin Boehmer on debt-for-nature swaps in emerging markets

Mon, 29 May 2023 16:45:00 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Konstantin Boehmer, SVP, Co-Lead of Mackenzie’s Fixed Income Team, Head of Global Macro, and Portfolio Manager.

Together, they explore the topic of sustainable debt, specifically the momentum behind debt-for-nature swaps in emerging markets. Konstantin also discusses a unique bond opportunity in Ecuador that supports the conservation of the Galapagos Islands.

Dustin Reid on the latest Canadian and U.S. inflation data and if further rate hikes are back on the table

Fri, 19 May 2023 08:00:00 -0400

In this episode, Dustin Reid, VP and Chief Fixed Income Strategist joins host Matthew Schnurr to discuss the latest inflation data from Canada and the U.S. and whether or not future interest rate hikes are back on the table. Dustin also provides an update on the U.S. debt ceiling and China reopening story, and two trade ideas that his team are monitoring.

Lesley Marks on First Republic and J.P. Morgan, labour market, and earnings season

Tue, 09 May 2023 16:21:08 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Lesley Marks, CIO of Equities.

Together they provide an update on the regional banking crisis, notably J.P. Morgan’s decision to purchase First Republic, assess if the labour market is softening or not, and what’s standing out so far this earnings season. An update on the Federal Reserve’s recent decision to raise interest rates is also provided.

Dustin Reid on recent interest rate decisions from the Fed, BOJ, and ECB

Thu, 04 May 2023 16:45:26 -0400

In this episode, Dustin Reid, VP and Chief Fixed Income Strategist joins host Matthew Schnurr to discuss the latest interest rate decisions from around the world.

Dustin discusses the recent interest rate hikes from the Federal Reserve and European Central Bank, expectations going forward, and updates on the U.S. debt ceiling. Dustin also shares four top trade ideas that his team are keeping a close eye on.

Toby Heaps on sustainable investing and Corporate Knights Global 100 Index

Fri, 21 Apr 2023 10:07:53 -0400

In this episode, host Matthew Schnurr is joined by Toby Heaps, CEO at Corporate Knights Inc. Together they discuss Toby’s journey to Corporate Knights, the concept behind the Corporate Knights’ annual ranking of the world’s 100 most sustainable corporations, and the construction of the Corporate Knights Global 100 Index.

With the growth of sustainable investing, we are excited to announce the launch of two new sustainable solutions at Mackenzie Investments – Mackenzie Corporate Knights Global 100 Index ETF (Ticker: MCKG) and Mackenzie Corporate Knights Global 100 Index Fund.

Dustin Reid on recent BoC decision and the path towards 2% inflation

Thu, 13 Apr 2023 16:57:10 -0400

In this episode, host Matthew Schnurr is joined by Dustin Reid, VP and Chief Fixed Income Strategist.

Together they provide an update on the Bank of Canada’s recent decision to hold interest rates, discuss new U.S. inflation data, and examine the path forward to getting to 2% inflation.

Lesley Marks on recent OPEC production cut and expectations for equities

Wed, 05 Apr 2023 11:44:29 -0400

In this episode, host Matthew Schnurr is joined by Mackenzie Investments’ Lesley Marks, CIO of Equities.

Together they discuss the recent OPEC production cut and what that could mean for stock markets. They also provide an update on the global banking crisis, views on inflation, China’s reopening, and expectations for equities for the rest of the year.

Dustin Reid on fallout from recent bank failures and the Fed’s response

Thu, 23 Mar 2023 13:57:02 -0400

In this episode, host Matthew Schnurr is joined by Dustin Reid, VP and Chief Fixed Income Strategist.

Together, they provide an update on the global banking crisis, including fallout from SVB, regional banks, and Credit Suisse and UBS, the Fed’s recent 25 basis point hike, and the overall impacts to Canada and Europe.

Lesley Marks and Steven Locke on recent failures of U.S. banks

Mon, 13 Mar 2023 15:30:27 -0400

In this episode, host Matthew Schnurr is joined by Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income and Multi-Asset Strategies.

Together, they discuss recent failures of U.S. banks, such as Silicon Valley Bank, and what that can mean for investors.

Dustin Reid on BoC’s decision to hold interest rates, Fed’s plan for rates and currencies

Fri, 10 Mar 2023 09:46:09 -0500

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they discuss the recent Bank of Canada decision to hold interest rates steady, Federal Reserve and what to expect in terms of interest rates, trades and currencies.

Lesley Marks on BoC, Nordstrom’s departure from Canada and previous predictions made for 2023

Wed, 08 Mar 2023 17:39:15 -0500

In this episode, host Matthew Schnurr is joined by Lesley Marks, CIO of Equities.

Together, they discuss what to expect from BoC, how Nordstrom’s departure may affect us and they also revisit previous predictions from earlier this year.

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Benoit and Onno on incorporating different asset classes during a sticky inflation period

Wed, 22 Feb 2023 17:39:52 -0500

In this episode, host Matthew Schnurr is joined by Benoit Gervais, SVP and Head of Team of Mackenzie Resource Team, and Onno Rutten, VP of Mackenzie Resource Team.

Together, they discuss why inflation will likely be sticky and how to incorporate different asset classes in your portfolios.

Learn by Key Topics:

(1:01) Recent economic growth in North America and Europe

(3:32) Views on the path of inflation

(8:00) Performance of different asset classes during inflation

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Katherine on discovering high-quality, well-valued stocks and what to expect from a Global Dividend Portfolio

Wed, 15 Feb 2023 14:40:28 -0500

In this episode, host Matthew Schnurr is joined by Katherine Owens, VP of Mackenzie Global Equity & Income Team.

Together, they discuss her approach to investment management. She also shares how she finds high-quality, well-valued stocks and what to expect from a Global Dividend Portfolio.

Learn by Key Topics:

(1:00) Katherine’s early career

(3:22) Starting at Mackenzie Investments

(12:46) Views on dividends and its benefits

(14:51) Views on valuations

(17:02) Views on what is a soft landing

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Lesley on the U.S. labour market, stock valuations and views on a soft landing

Fri, 10 Feb 2023 14:31:33 -0500

In this episode, host Matthew Schnurr is joined by Lesley Marks, CIO of Equities. Together, they take a look at the labour market in U.S.A., layoffs in the technology sector, stock valuations and the term "soft landing".

Learn by Key Topics:

(0:56) Job market in the U.S.

(2:23)Views of inflation and Fed reaction

(6:14)Tech layoffs

(9:21)Global economy update

(12:26)Views on what is a soft landing and outlook

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated, and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com 

Dustin Reid on the Fed’s recent 25 basis point hike

Fri, 03 Feb 2023 13:45:47 -0500

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they discuss the recent Fed announcement and latest 25-basis point hike. Dustin also shares expectations on wages and if the era of non-25 basis point hikes is over. Finally, they discuss credit opportunities and what Dustin’s team is doing in the portfolio to reflect his view of the global economy.

Learn by Key Topics:

(1:25) Fed 25 basis point hike

(9:30) Outlook on wages and employment

(15:30) Is the era of non-25 basis point hikes over?

Dustin Reid on recent hikes on BoC, upcoming Fed meeting, Japan, China and broad economics

Fri, 27 Jan 2023 10:34:27 -0500

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they discuss the recent BoC meeting and the hike of 25 basis points, and the upcoming Fed meeting. Dustin also shares thoughts on broader economics within North America diving into GDP data, labor markets, and others. They last look at the current economic environments of Japan and China.

Learn by Key Topics:

(1:02) Recent interest hikes by Bank of Canada

(8:38) Outlook on interest rates

(20:24) Looking into broader economics within North America

(28:01) Bank of Japan & China

Konstantin & John on our 2023 Environmental Outlook: The Green Book

Fri, 20 Jan 2023 15:01:29 -0500

In this episode, host Matthew Schnurr is joined by Konstantin Boehmer, Co-Lead and Portfolio Manager with Mackenzie Investments Fixed Income Team and John Cook, SVP, Portfolio Manager, Team Co-Lead of Mackenzie Greenchip Team.

Together, our experts map out environmental investment opportunities from our Green Book.

Learn by Key Topics:

(1:04) 3 drivers behind John’s investment thesis

(2:22) Milestones in 2022

(3:25) Climate Goals in 2022

(7:20) 2022 & impacts to the environmental economy

(15:23) Solar vs. wind energy

(26:10) Transition from fossil fuels

(38:25) Optimism levels heading into 2023

Todd Mattina on our 2023 Long-term capital markets outlook: The Orange Book

Wed, 11 Jan 2023 15:33:22 -0500

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team.

Together, they take a dive further into Mackenzie’s Orange Book, which contains expert insights to help investors stay focused on long-term returns.

Learn by Key Topics:

(0:54) Bank of Japan, Interest Rates & Debt in Japan

(10:10) Outlook on the Yen

(13:53) 2023 Outlook on Canadian Bonds, Derivatives & Pension Plans

Lesley & Steve on our 2023 Outlook: The Blue Book

Wed, 04 Jan 2023 15:49:20 -0500

In this episode, host Matthew Schnurr is joined by Lesley Marks, CIO of Equities and Steve Locke, CIO of Fixed Income & Multi-Asset Strategies.

Together, they take a deeper dive into Mackenzie’s Blue Book, which provides a near-term outlook on what 2023 holds for investors.

Learn by Key Topics:

(0:58) Looking back at 2022

(3:44) The 3 Themes for 2023

(7:34) Outlook on recession

(21:36) Recession & job markets

(25:22) Outlook on China & global impacts

(27:53) Recession in Europe

(33:25) Thoughts on Equity Markets for 2023

(41:06) Views on Fixed Income for 2023

(47:11) Our confident and uncertain predictions

Dustin Reid on the recent Fed Meeting, BoC’s next rate hike and China’s reopening story

Fri, 16 Dec 2022 15:37:05 -0500

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they discuss the recent Fed meeting, how the Bank of Canada is determining to do a 50-basis point hike, China’s reopening story and how all these affect the fixed income portfolios.

Learn by Key Topics:

(0:56) Thoughts on Recent Fed Meeting and the 50-basis Point Hike

(10:47) Bank of Canada and a 50-basis point hike

(20:02) Views on China’s Reopening Story

(31:28) A Look at Fixed Income Portfolios

Lesley Marks on Powell’s Speech, Zero-Covid Policy in China and a 2023 Outlook

Wed, 07 Dec 2022 16:14:59 -0500

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the investment professionals involved in the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 billions in Mackenzie’s assets under management.

Together, they look at Jerome Powell’s speech and what it would mean for the markets. They also revisit China and impact of the zero-covid policy on the energy markets, and what to expect in 2023.

Learn by Key Topics:

(0:55) Thoughts on Fed, Jerome Powell’s recent comments and their market impact

(6:42) Views on Chin

(13:42) Views on energy and the impact of the zero-covid policy to the energy markets

(18:55) Expectations for 2023 (Blue Book is available on Dec 14)

Todd Mattina on 2023 Outlook on Long-term Capital Markets & Retirement Planning

Wed, 30 Nov 2022 16:58:30 -0500

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team.

Together, they discuss a preview of long-term capital market projections available through the Mackenzie Orange Book (available Dec 15). They also look deeper into the implications of these expectations for pension planning and investors.

Learn by Key Topics:

(0:54) 10-Yr Outlook & Bonds

(5:56) Views on Equities Fixed Income Markets

(8:54) Outlook on Pension Planning & Recession

(13:56) Takeaways for Retirement Planning from the 2023 Orange Book

Richard Wong on Value Investing in 2022 and Prospects of Value Around the Globe

Thu, 24 Nov 2022 09:34:28 -0500

In this episode, host Matthew Schnurr joins Richard Wong, SVP, Head of Cundill Global Value Equity Team at Mackenzie.

Together, they continue to explore Value Investing. They discuss prospects of value, what’s happened in 2022 and where the best value prospects are around the globe.

Key Topics:

(0:59) Value Investing in 2022

(3:07) Outlook on Interest Rates & Effect on Value

(6:17) Views on Technology Sector

(10:26) Stance on Commodities within the Portfolio & Areas of Optimism

(14:09) Views on the Speed of Market Reactions within a Cycle

(17:25) Growth Prospects after the 20th Party Congress

(19:50) Opportunities within the U.K. Economy

Tyler Hewlett & Dave Taylor on their Careers, Bluewater Team, and the new Next Gen Growth Fund

Wed, 16 Nov 2022 12:04:42 -0500

In this episode, host Matthew Schnurr joins new Mackenzie Bluewater Team Portfolio Managers: Tyler Hewlett & Dave Taylor. They are the co-managers on the Mackenzie Bluewater Next Gen Growth Fund. Get to know more about their investment careers over the years, the Mackenzie Bluewater Team, investment styles and philosophy, and their new fund.

Learn by Key Topics:

(1:07) Meet Tyler Hewlett

(4:35) Meet Dave Taylor

(9:04) Mackenzie Bluewater Team & their Dynamic Partnership

(14:15) Why Mackenzie?

(15:48) Mackenzie Bluewater Next Gen Growth Fund

(17:26) Investment Philosophy & Style

(25:46) Views on Inflation, Long Duration Growth & Discovering Opportunities

(28:35) Innovative Business Models & Evaluating Opportunities

(30:24) Tyler & Dave’s Podcast Recommendations

Dustin Reid on Recent Inflation Numbers, U.S. Midterm Elections & China

Thu, 10 Nov 2022 16:56:45 -0500

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they discuss recent inflation numbers and what it would mean for the Federal Reserve’s response. They also look the U.S.’s Midterm elections and China.

Learn by Key Topics:

(0:58) Thoughts on Recent CPI numbers

(6:24) Thoughts on Inflation & Mid to Long-Term Outlook

(17:01) U.S. Midterm elections & Outcomes

(22:53) Views on China’s 20th National Congress, Zero-Covid Policy

(29:16) A Look into Fixed Income Portfolios

Lesley Marks on the Recent 75 Basis Points Increase, Company Earnings & China

Fri, 04 Nov 2022 10:27:35 -0400

Together, they look at Fed’s recent decision of raising 75 basis points and comments shared in the conference. She shares thoughts on the labor market conditions and upward wage pressures, supply and consumer demand, and outlook of inflation. She also looks at company earnings (tech, resources, etc.) and outlook on China’s 20th National Congress.

Learn by Key Topics:

(0:56) Thoughts on Fed’s Decision of Raising 75 Basis Points & Outlook

(3:44) Renewed Views of Inflation

(6:36) Company Earnings

(Mentions include Meta, Microsoft, Google, BP, Unilever, Bell, FedEx, Apple, Coca-Cola, and more)

(10:17) Views on China’s 20th National Congress & Outlook

Dustin Reid on Fed Pivot, U.S. Mid-Term Elections & Fixed Income Portfolios

Fri, 28 Oct 2022 14:09:43 -0400

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they look at Fed pivot and gearing down on expectations of Central banks going forward, and the U.S. Mid-term elections and what is means for portfolios and financial markets. They also look at Japan and trades happening in the Fixed Income portfolios.

Learn by Key Topics:

(1:00) Views on a Fed Pivot

(8:37) Outlook on Central Banks’ Actions & Their Goals

(13:59) Thoughts on Japan, Yen and the BoJ

(18:40) U.S. Politics – Mid Term Elections

(27:09) Trades within the Fixed Income Portfolios

Todd Mattina on Economic Environments of China, Japan, North America & Europe

Mon, 24 Oct 2022 16:54:36 -0400

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team.

Together, they take a deep look into economic environments around the world.

We start with a look at Europe on U.K.'s leadership and ongoing energy crisis. Followed by a medium to long-term outlook in China with zero-covid policy and housing crisis. Continuing with an outlook of inflation within North America and the impact on affordability. And finally concluding this episode with a look into Japan’s economy.

Learn by Key Topics:

(0:52) Inflation across the World & Central Banks’ Actions

(3:51) Energy Crisis in Europe

(6:57) Ivy Investment Style & Investing in Canada

(8:52) Zero-Covid Policy and Housing in China

(11:10) Views of Inflation in North America

(14:07) Affordability and Preventing Financial Instability

(17:50) Views of Japan’s Economy

James Morrison on His Career and Ivy’s Approach to Canada

Wed, 12 Oct 2022 17:05:09 -0400

In this episode, host Matt Schnurr joins Mackenzie's James Morrison, VP and Lead Portfolio Manager of the Ivy Canadian Team.

He shares his investment career inspired by his upbringing in Alberta, how he approaches investing in Canada using the Ivy Philosophy and its effect on the portfolio, and the future of the Ivy team upon Paul Musson’s retirement.

Learn by Key Topics:

(0:55) James’s Upbringing in the Heart of the Rocky Mountains

(3:10) His Early Career & Mackenzie Investments

(6:35) Ivy Investment Style & Investing in Canada

(9:38) What He Looks for When Discovering Companies

(12:47) Corporate Culture Within the Canadian Landscape

(14:26) Incorporating Energy Within the Portfolio

(17:35) How Macro Economy Affects the Portfolio

(19:35) Retirement of Paul Musson & the Future of the Team

Lesley Marks on Currency Trends (USD & GBP), Recent Earnings, and Upcoming Market Cycles

Wed, 05 Oct 2022 15:50:39 -0400

Together, they take a deep look into the strength of the U.S. Dollar and why currencies why matter to Canadian investors. They also look at the recent earning season and what to expect out of market cycles going forward.

Learn by Key Topics:

(0:54) The US Dollar & its Strength

(4:07) The British Pound & its Strength

(5:24) These Currencies & Impact on Canadian Investors

(7:08) Recent Earnings & What They Mean (Nike, FedEx, etc.)

(10:16) Outlook on Inflation, Inventory & Demand

Todd Mattina on U.K.’s Mini Budget Announcement and European Energy Crisis

Wed, 28 Sep 2022 15:06:16 -0400

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team.

Together, they take a deep look into Europe. They discuss European Energy Crisis and U.K. mini budget announcement from last Friday.

Learn by Key Topics:

(0:58) Thoughts on U.K.’s Mini Budget Announcement & Tax Plans

(5:00) European Energy Crisis with Demand & Supply

(16:11) Bank of England, Inflationary Pressures and the Rise of Interest Rates

(20:21) Outlook on Sterling

(22:55) Inflation across Major Economies: Europe, Asia, North America

Dustin Reid on his Process on Predicting Central Bank’s Actions, BoC, and Fixed Income Team

Sat, 24 Sep 2022 10:20:28 -0400

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they discuss his process and how he predicts Central Bank’s actions, outlook on BoC, and how our Fixed Income team is positioning their portfolios.

Learn by Key Topics:

(0:56) Thoughts on Fed meeting

(9:17) Views on Central Bank Actions & His Process

(16:19) Outlook for Canada

(23:19) Outlook on Currencies: USD & CAD

(29:26) How our Fixed Income team is positioning their Portfolios

Benoit Gervais on Europe’s Energy Crisis and Mackenzie’s New Inflation-focused Fund

Mon, 19 Sep 2022 09:32:09 -0400

In this episode, host Matthew Schnurr joins Mackenzie's SVP, Portfolio Manager, and Head of Resource Team, Benoit Gervais.

Together, they discuss European commodities, their impact on inflation, and the launch of Mackenzie's new inflation-focused fund.

Learn by Key Topics:

(0:56) Views on Europe’s Energy Crisis & Solutions

(8:23) Climate Goals in Europe vs. Emissions

(10:11) Energy Transitions’ Impact on Inflation

(15:45) Thoughts on Central Banks & Inflation

(17:44) Launch of Mackenzie’s Inflation-focused Fund

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, educated, and invested so they can meet their full potential. Learn more at mackenzieinvestments.com

Dustin Reid on the Recent CPI Number and What To Expect

Wed, 14 Sep 2022 17:27:35 -0400

In this quick-to-market episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they discuss recent the CPI number, its implications on the FED fund rates, and the overall market impact.

Learn by Key Topics:

(0:54) Thoughts on recent CPI number

(6:35) Expectations for Next Week

(14:18) Changes within the Portfolio

Lesley Marks on the Canadian Housing Market, Jackson Hole and Europe’s Energy Crisis

Thu, 08 Sep 2022 16:05:20 -0400

Together, they explore the Canadian housing market impacted by the recent rate hikes, the Jackson Hole summit, and Europe's energy crisis during the Ukrainian war.

Learn by Key Topics:

(0:56) Thoughts on Recent Rate Hike

(3:13) Impact on Housing Market

(6:05) Expectations from Central Banks & their Earnings

(10:55) Thoughts from Jackson Hole Summit

(15:41) Outlook for Rate Hikes & Impact

(18:09) Energy Shock within Europe

Hussein Sunderji on Investment Opportunities in Asia

Thu, 01 Sep 2022 16:00:47 -0400

In this episode, host Matthew Schnurr joins Lead Portfolio Manager of Ivy International, Hussein Sunderji.

Together, they explore investment opportunities within Asia and Europe and how the Ivy Team approaches them strategically.

Learn by Key Topics:

(0:59) Ivy Investment Philosophy & Asia

(6:08) Views on Cash when Investing

(8:16) Corporate Governance within Japan

(9:28) Views on the Chinese Stock Market

(15:30) Other Geographical Regions in Asia with Opportunities

(17:55) Views on Europe & Investing within

(21:48) Opportunities within Europe

Dustin Reid on Fixed Income Markets from North America to Europe to China

Wed, 17 Aug 2022 16:49:38 -0400

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they explore the Fixed Income markets and inflation worldwide, Fed and BoC, views on Europe (German and Italian bond situation), and more.

Learn by Key Topics:

(1:01) Inflation in the U.S.A.

(6:44) Employment Rates & Economy in the U.S.A.

(11:15) Expectations for the Fed

(16:23) Inflation across U.S. vs. Canada

(16:23) Trends across Europe & Inflation Risks

(25:21) Trends within China

(30:37) Thoughts on the upcoming Jackson Hole Symposium

(34:30) Trade Ideas & Final Thoughts

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, educated, and invested to meet their full potential. Learn more at mackenzieinvestments.com

Lesley Marks on Stock Market Performance & Q2 Earnings

Fri, 12 Aug 2022 14:52:32 -0400

Together, they explore the recent stock market performance, outlook for Canada, and what the Q2 earnings mean for investors.

Learn by Key Topics:

(1:00) Stock Market Performance Timeline & Outlook

(4:51) Expectations on an Interest Rate Hike

(6:33) Current Views on Canada

(9:29) Outlook on the Tech Sector

(11:36) Housing Market & Our Economy

(16:00) Views on Quarterly Earnings

(18:43) Will Canada follow the US?

Matt Moody on Ivy Team’s Succession and Vision

Thu, 28 Jul 2022 15:25:58 -0400

In this episode, host Matthew Schnurr joins Matt Moody, Vice President, Portfolio Manager for Mackenzie’s Ivy Team.

He will be promoted to Senior Vice President and Head of the Ivy Team this September.

Together, they look at Matt Moody's career within the Investment Industry, what he learned from Jerry Javasky and Paul Musson, and what we can expect from the Ivy Boutique going forward.

Learn by Key Topics:

(0:54)Matt Moody’s Career in the Investment Industry

(2:41) His Investment Style & View of Markets

(4:38) Matt's Introduction to the Ivy Team

(5:18) Why He chose the Ivy Team?

(6:16) Learning from the Previous Ivy Leaders

(15:52) Culture within Ivy & Vision for its Future

(18:22) A Good Analyst vs. A Good Portfolio Manager

(20:30) Views on Cash within the Ivy Team

(24:30) Performance Expectations for the Ivy Team

(28:42) How Karate & Investing balance each other

Dustin Reid on Preparing Portfolios against a Stagflationary Environment

Thu, 21 Jul 2022 09:24:26 -0400

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they explore the probability of a ‘stagflationary’ environment, how to think about positioning your portfolios, as well as what impact that type of environment may have on Canada, U.S., and Europe.

Learn by Key Topics:

(0:56) Views on Recent BOC’s Actions with 100 Basis Points Increase

(6:45) Views on Recession and Inflation

(16:11) Updates on Bank of Japan

(20:12) Stagflationary Environments & Positioning within Portfolios

Lesley & Steve on Inflation’s Impact and Outlook for the Remainder of 2022

Fri, 15 Jul 2022 14:06:33 -0400

In this episode, host Matthew Schnurr joins Lesley Marks, CIO of Equities, and Steve Locke, CIO of Fixed Income & Multi-Asset Strategies.

Together, they discuss expectations for the balance of 2022, what’s happened year to date, inflation, and equity markets.

Learn by Key Topics:

(1:00) Views on Inflation, Central Banks’ Responses & its General Impact

(4:00) Expectations for 2022 for Equity Markets

(6:27) Views on Unemployment Rates, Spending, Consumer Confidence & Impact

(8:28) Rate Increases vs. Inflation

(13:17) Current Position on Canada

(17:38) Views on Emerging Markets

(21:35) View on Bank of Canada’s Responses & Outlook

(24:57) Views on a Possible Recession in the Next 12 Months

Luke Gould on His Next Role as The CEO of Mackenzie Investments

Wed, 29 Jun 2022 16:56:36 -0400

In this episode, host Matthew Schnurr joins Luke Gould, Executive Vice-President and Chief Financial Officer for IGM Financial Inc.

Together, they explore what Luke Gould is looking forward to over the next 6 years and beyond as he steps into his next role as CEO of Mackenzie Investments.

Learn by Key Topics:

(1:24) How Mackenzie Plans to Retain its Position as The Employer of Choice

(2:21) Framework of Equity, Diversity & Inclusion When Building Our Teams

(4:32) Key Characteristics Mackenzie Looks at When Hiring Talent

(5:46) The Future of Work – Work, Hybrid & Work-From-Home

(8:22) Views on Regulations, Products, and Outlook

(10:01) The Merger of IIROC and MFDA and its Effect on Their Cultures

(11:54) Outlook on Mergers and Acquisitions

(14:13) Views on Interest Rates & Inflation

(16:52) Inflation & Migrating to Private Investments

(18:28) Thoughts on Taking Reigns as the Next CEO of Mackenzie

Barry McInerney on His 6 Years at Mackenzie Investments & His Legacy

Wed, 22 Jun 2022 18:07:52 -0400

We are celebrating our 100th episode!

In this special episode, host Matthew Schnurr joins Mackenzie's CEO, Barry McInerney just before his retirement in July.

Together, they reflect on the last 6 years of his career at Mackenzie Investments.

Learn by Key Topics:

(0:54) Views on Canadian Wealth Segments from Boomers to Gen Z

(7:23) How has Talent & Culture changed within Mackenzie

(14:38) Actions that re-shaped Diversity, Equity, and Inclusion

(21:13) Adjusting to the Pandemic Era and the Hybrid Model

(29:44) Reflections on 6 Years of Acquisitions

(40:12) Barry McInerney's Legacy at Mackenzie Investments

Dustin Reid on the Recent Fed Meeting and Long-Term Inflation Expectations

Thu, 16 Jun 2022 12:05:18 -0400

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Together, they explore the recent fed decisions to raise interest points by 75 basis points, what’s happening in Europe and Japan, and how all these affect the portfolio.

Learn by Key Topics:

(0:56) Thoughts on Inflation and Yesterday's Fed Meeting

(5:36) Correlation of Long-term Inflation Expectations and Headline CPI

(9:47) Views on a Potential Recession (Labour Market, Consumer Demand, etc.)

(15:05) European Central Bank and Views on Europe

(19:50) Views on Inflation in Japan and Bank of Japan

(26:25) U.S. Treasuries and Outlook on Inflation

Richard Wong on Value Investing & Why 2022 is the Beginning of the Value Cycle

Thu, 09 Jun 2022 15:47:47 -0400

In this episode, host Matthew Schnurr joins Richard Wong, SVP, Portfolio Manager, and Head of the Cundill Team at Mackenzie.

Together, they explore value investing and how macroenvironment conditions affect the cycle during the pandemic era.

Learn by Key Topics:

(1:05) Views on Current Macroenvironment Conditions Allowing for the Optimism in Value

(6:29) Value Stocks & Inflation

(9:36) Views on Commodities from Fossil Fuels to Renewable Energy

(12:55) Electric Vehicles (EVs), Consumer Demand, Key Players, and the Global Outlook

(15:51) What Our Team is Monitoring When Investing in the EV Space

(18:15) Opportunities in the Opening Trade

(21:20) How Views on Value Has Changed Over the Years

Lesley Marks on the Canadian Economy, Europe Amidst War and ESG

Wed, 01 Jun 2022 16:59:11 -0400

Together, they explore the Canadian economy (trends within the labor market and consumer spending), the stock market, the war in Ukraine and its impact on Europe, and ESG.

Learn by Key Topics:

(0:55) Trends in Canadian Economy & Recession

(6:20) Equity Market – Are we at Maximum Pain?

(12:17) Recession Fears in Europe

(15:18) Views on Trends within ESG

Todd Mattina revisiting the Modern Monetary Theory

Wed, 25 May 2022 16:55:58 -0400

In this episode, host Matthew Schnurr joins Todd Mattina, Chief Economist and co-lead of Mackenzie’s Multi-Asset Strategies Team. Together, they revisit the Modern Monetary Theory, comparing pre-pandemic times to what's happening right now from a global standpoint.

Learn by Key Topics:

(1:02) What is Modern Monetary Theory (MMT)

(3:51) Mainstream Economic Community vs. MMT

(6:05) Policy & Bank Response for MMT

(8:35) Differences with 'Traditional' MMT responses

(12:13) Risks with MMT

(25:11) Why Modern Monetary Theory may not be a Viable Strategy

Darren McKiernan on Pandemic Portfolio Positioning & the Current State of the Tech Market

Wed, 18 May 2022 17:21:28 -0400

In this episode, host Matthew Schnurr joins Darren McKiernan. He leads Mackenzie’s Global Equity & Income Team and he is also the lead manager of the Mackenzie's Global Dividend Fund.

Together, they explore all the moves Darren has made to re-position portfolios with a bottom-up approach. They also discuss views on technology companies, their valuations, and opportunities within this space.

Learn by Key Topics:

(1:00) History of Portfolio Changes during the Pandemic to Now

(17:39) Views on Technology from the Pandemic to Post-Pandemic Climate

Dustin Reid on the Fed, Bank of Canada and China’s Economic Slowdown

Wed, 11 May 2022 16:46:19 -0400

In this episode, host Matthew Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid.

Learn about:

(0:57) Thoughts on last week's Fed meeting and bond markets

(6:50) Views on Neutral Rate's potential increase

(10:34) Impact of Quantitative Tightening

(16:51) Fed vs. Bank of Canada

(23:52) COVID-19 & China's economic slowdown

(30:12) How these affect Portfolio Management for the Fixed Income Team

Will Aldridge on investing in Canadian equity and resources

Wed, 04 May 2022 14:45:59 -0400

In this episode, host Matt Schnurr joins Mackenzie's William Aldridge, VP North American Equities.

Learn about:

(0:57) Initial thoughts on Canada

(2:55) How he approaches investing and managing portfolios

(5:17) Macro view of investing in Canada

(8:01) How the team allocates to small vs. mid vs. large caps

(10:54) How the team incorporates resources in portfolios

(16:40) Outlook for energy with green transition and climate change

(19:30) Pockets of opportunities in Canadian caps and sectors

Lesley Marks on effects of pandemic driven demand, COVID-19 in China, and recession fears

Wed, 27 Apr 2022 16:44:48 -0400

In this episode, host Matt Schnurr joins Mackenzie's Lesley Marks, Chief Investment Officer of Equities. She oversees the day-to-day management of Mackenzie funds across the firm’s 12 equity boutiques with more than $65 Billion of Mackenzie’s assets under management.

Learn about:

(1:05) Looking at pandemic-driven demand through Netflix

(6:47) COVID-19 in China

(11:57) China’s next election, its effect on stimulus and GDP growth

(14:08) The likelihood of a super-cycle of commodities

(19:53) Recession fears and where the economy is headed

Ome Saidi on discovering High Value Investment Opportunities

Wed, 20 Apr 2022 16:59:20 -0400

In this episode, host Matt Schnurr joins Mackenzie's Ome Saidi, VP Investments. He leads the International Investment Selection for the Global Equity & Income Team at Mackenzie Investments. He is also the Lead Portfolio Manager on the Mackenzie International Dividend Fund.

Learn about:

(1:05) Ome's upbringing in Ivory Coast

(6:09) His entrepreneurship journey that started with a pay cut

(10:25) His theory in discovering high value investments

(16:44) What he looks for in management

(20:54) How he looks at risk in portfolios

(26:33) Which areas does he discover the best opportunities

Ome's book recommendations: The Outsiders

At Mackenzie, we want to create a more invested world, partnering with advisors to help investors become more knowledgeable, more educated and more invested so they can meet their full potential. Learn more at mackenzieinvestments.com

Dustin Reid on the recent interest rate hikes

Mon, 18 Apr 2022 11:06:26 -0400

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to debrief the Bank of Canada's recent interest rate hikes. The two also discuss the ECB, the federal reserve, and what impacts these will have on the team's portfolios.

Konstantin Boehmer on sustainable debt and the current market environment

Thu, 07 Apr 2022 14:45:34 -0400

In this episode, Matt Schnurr joins Konstantin Boehmer, SVP, Portfolio Manager, and Co-lead of the Mackenzie Fixed Income Team, to discuss sustainable debt and the current market environment. They explore what sustainable debt is and what are its characteristics. Konstantin also outlines the three possible paths that the market may take, which is most probable, and what to do with your portfolio.

Benoit Gervais on energy and achieving climate change goals

Wed, 30 Mar 2022 11:00:25 -0400

In this episode, Matt Schnurr joins Benoit Gervais, Senior Vice President, Portfolio Manager, Head of the Resources Team at Mackenzie Investments, to explore energy security in light of the Russia/Ukraine conflict, onshoring, and infrastructure. They also discuss how we can achieve our climate change goals.

Dustin Reid on the central banks’ reactions to Russia’s Invasion of the Ukraine

Wed, 23 Mar 2022 13:14:40 -0400

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to discuss the Fed, ECB and BOC's reactions to Russia's invasion of the Ukraine. Dustin also comments on inflation, commodity prices and how his team is positioning their portfolios.

Sir Christopher Meyer on the War in Ukraine: Context and Capital

Tue, 15 Mar 2022 14:11:27 -0400

In this episode, Matt Schnurr joins Sir Christopher Meyer, former British Ambassador to the US, and private secretary to the British Embassy in Moscow, who provides his unique perspective on the war in Ukraine. He sheds light onto its cause and its global implications.

Brent Joyce on the impact of the Russia/Ukraine conflict on economic markets

Wed, 09 Mar 2022 14:37:51 -0500

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments. They dive deep to provide a thoughtful analysis on the Russia Ukraine Crisis and what it means for economic markets around the world.

Wenjie Ding on the Chinese Equity Market

Wed, 02 Mar 2022 15:42:47 -0500

In this episode Matt Schnurr joins Wenjie Ding, Investment Strategist at ChinaAMC to discuss the current situation in China. They dive into both the short-term and long-term macro challenges. The also explore the reasons that investors should be optimistic about the Chinese equity market.

Brent Joyce on the Russia/Ukraine conflict and oil prices

Thu, 24 Feb 2022 15:29:01 -0500

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss the Russia/Ukraine situation and its effect on oil. They further dive into what oil prices may mean for inflation and the health of the economy.

Shelly Dhawan on ESG research and evaluation

Wed, 16 Feb 2022 13:33:30 -0500

In this episode, Matt Schnurr joins Shelly Dhawan, Director of ESG research, Mackenzie Betterworld Team, to discuss ESG. The go over what an ESG researcher does, how to think about ESG risks, topical ESG themes, and greenwashing.

Dustin Reid on US job numbers and actions from the European Central Bank

Wed, 09 Feb 2022 15:40:11 -0500

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to discuss the jobs number coming out of the US and the European Central Bank's recent actions. They also take a look at what Dustin and his team have recently done within their portfolio.

Onno Rutten on inflation, resources and gold

Wed, 02 Feb 2022 15:34:26 -0500

In this episode, Matt Schnurr joins Onno Rutten, Vice President on Mackenzie’s Resources Team to discuss the opportunities for resource investing in an inflationary world and the role of gold as insurance against rising monetary policy risks.

Brent Joyce on the recent market volatility

Wed, 26 Jan 2022 16:24:07 -0500

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss the market volatility in early 2022 including what caused it and how to think about future movements going forward.

Konstantin Boehmer on inflation and its effects on markets

Thu, 20 Jan 2022 14:24:40 -0500

In this episode, Matt Schnurr joins Konstantin Boehmer, Senior Vice President, Co-Lead of the Fixed Income Team, and Head of Global Macro at Mackenzie Investments, to discuss inflation. They go over where inflation levels are likely to reside, what are the Fed's reactions, and if food and oil prices will create a challenge for developing markets.

What to expect in 2022 from the Federal Reserve, the Bank of Canada, and the European Central Bank

Wed, 12 Jan 2022 16:44:27 -0500

In this episode, host Matt Schnurr joins Mackenzie's Chief Fixed Income Strategist, Dustin Reid to do a level set for 2022 including what to expect from the Federal Reserve, the Bank of Canada, and the European Central Bank.

Brent Joyce on investment opportunities in 2022

Thu, 23 Dec 2021 14:19:16 -0500

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss the Blue Book, Mackenzie's 2022 outlook. They dig into the different asset classes and geographic locations to get Brent's perspective on what will be the best investment opportunities next year.

Jamie Storrow on private infrastructure investing

Wed, 15 Dec 2021 12:58:26 -0500

In this episode, host Matt Schnurr speaks with Jamie Storrow, Managing Director and Co-Head of Infrastructure at Northleaf Capital Partners, to share his team's approach to private infrastructure investing. He goes over how they source deals, work with management teams, and their exit strategies.

Dustin Reid on inflation, maximum employment, and the easing cycle in China

Wed, 08 Dec 2021 17:05:09 -0500

In this episode, host Matt Schnurr speaks with Mackenzie's Chief Fixed Income Strategist, Dustin Reid as he weights in on the Fed's view of inflation and maximum employment, and what implications it may have on markets. They also turn to discuss China and the easing cycle that is currently playing out.

John Cook on the COP26 climate summit and the opportunities in sustainable investing

Tue, 30 Nov 2021 12:02:44 -0500

In this episode, Matt Schnurr joins John Cook, Senior Vice President, Portfolio Manager and Investor Engagement, Team Co-Lead Mackenzie Greenchip Team, to debrief the COP26 climate summit. They also discuss industries like clean-up technologies and industrials, and the opportunities in resources.

Brent Joyce on earnings, sentiment, and yield expectations

Tue, 23 Nov 2021 11:04:43 -0500

In this episode, Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to discuss earnings, sentiment in the market, and yield expectations.

Todd Mattina on Modern Monetary Theory

Tue, 16 Nov 2021 13:44:27 -0500

In this episode, Matt Schnurr joins Todd Mattina, Senior Vice President of the Multi-Asset Strategies Team and Chief Economist, to discuss Modern Monetary Theory (MMT). They explore its benefits and downfalls, and how it's been used during the past decade.

Dustin Reid on the November Fixed Income Markets

Tue, 09 Nov 2021 20:31:48 -0500

In this episode, host Matt Schnurr speaks with Mackenzie's Chief Fixed Income Strategist, Dustin Reid for a recap of what has been going on in the fixed income markets. They dive into how volatile it's been, what indicators can be used to predict where it's going, and how to position your portfolio.

Yves Choueifaty on understanding the value of Bitcoin

Thu, 04 Nov 2021 08:52:20 -0400

In this episode, Matt Schnurr joins Yves Choueifaty, CEO of TOBAM, to discuss his experience starting the first open-ended Bitcoin fund in 2017. He also explores the characteristics of a Bitcoin, and dispels some common myths.

Dustin Reid on interest rates in developed markets

Tue, 26 Oct 2021 11:52:50 -0400

In this episode, host Matt Schnurr speaks with Mackenzie's Chief Fixed Income Strategist, Dustin Reid about interest rates in developed markets, his forecast for future rate changes, and how to position your portfolio to take advantage of them.

Brent Joyce on the causes of inflation and the prospect of stagflation

Thu, 21 Oct 2021 17:02:08 -0400

In this episode Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to talk all about inflation, including its causes and the prospect of stagflation. They also discuss how companies are doing this earnings season.

Benoit Gervais on commodity markets, and the impacts of onshoring and climate change

Thu, 14 Oct 2021 09:33:05 -0400

In this episode Matt Schnurr joins Benoit Gervais, Senior Vice President, Portfolio Manager, Head of the Resources Team at Mackenzie Investments, to explore the current commodity markets, onshoring, and supply chains. They also discuss climate change and the desire for higher quality inputs, and how that could impact commodities in the future.

Brent Joyce on the volatility in the emerging markets and the US political situation

Wed, 06 Oct 2021 16:16:31 -0400

In this episode Matt Schnurr joins Brent Joyce, Investment Strategist at Mackenzie Investments, to unpack the past month's market conditions. They also discuss the volatility in the emerging markets, particularly out of China, and the political situation in the US.