Geopolitics with Frank McKenna

In this episode, Frank McKenna, Deputy Chair, TD Securities, takes aim at the highly politicized Supreme Court now that the Republicans are holding a supermajority. How will a very right-wing agenda of reforms to climate change, abortion, and gun laws sit with the majority of Americans, and what does it signal about the Supreme Court? In terms of recent updates on abortion laws, Frank does not believe President Biden's sliding ratings will change ahead of the U.S. midterm elections in November. Frank also addresses potential land mines that could be triggered in the Ukraine-Russia war, and he hints that Putin may end up backed into a corner, further complicating the situation. Frank concludes the episode by citing feedback from business leaders and politicians on the hot topic of inflation and the looming threat of a recession. Chapter Headings 2:21 – The Supreme Court and Roe v. Wade15:50 – The Supreme Court and West Virginia v. Environmental Protection Agency19:54 – Will the Supreme Court Help Biden's Popularity?24:03 – Potential Land Mines in the Russia-Ukraine Conflict29:10 – Will the Canadian Government Tax Excessive Profits in the Energy Sector?35:52 – What are Business Leaders and Politicians Saying About Inflation? Disclaimer For relevant disclosures, visit https://www.tdsecurities.com/ca/en/tds-geopolitics-episode-28 For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In Episode 27, Frank McKenna, Deputy Chair, TD Securities, is joined by the Honourable Rona Ambrose. Together, they cover a host of election issues across North America, including the Conservative Party Leadership Race, the Ontario Provincial Election, and the bombshell announcement of Jason Kenney's resignation as Alberta Premier. Frank also touches on the recent tragic events in Uvalde, Texas. He expresses his views on gun reform in the U.S., and he outlines whether this event will be a ballot issue in the upcoming U.S. midterm elections. In another discussion, Rona does not believe the leaked Roe v. Wade decision, or recent gun violence, will impact Canadian elections in the coming months. On the global front, Frank offers his perspective on the war in Ukraine, and megatrends that are on the horizon, including energy, agriculture, and pharmaceutical independence, as well as deglobalization. Inflation is also a main talking point, as politicians everywhere confront this topic for the first time in 30 years. This long-form podcast contains incredible insights from former political leaders that remain connected to the current geopolitical landscape. It is a must-listen for investors who are trying to navigate critical events in the day-to-day markets. Chapter Headings 1:15 - An Update on War in Ukraine8:35 - The Rise of Putin Imitators17:15 - Energy Independence and Other Megatrends24:30 - Inflation: Is it Time to Fire Central Bankers En Masse?35:55 - The Conservative Leadership Race43:18 - Gun Violence and the U.S. Midterm Elections51:30 - The Surprise Resignation of Jason Kenney56:26 - The Ontario ElectionDisclaimerFor relevant disclosures, visit https://www.tdsecurities.com/ca/en/tds-geopolitics-episode-27 For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In Episode 26, Frank McKenna, Deputy Chair, TD Securities, tackles the political implications of long-term inflation. He reminds listeners of the 1970s and 1980s when inflation was the number one ballot issue in Canada. Frank also provides a high-level perspective on the war in Ukraine, indicating that the West is "draining the swamp" by isolating Russia and cutting off its lucrative supply of energy to Europe. Frank goes on to highlight how Emmanuel Macron's victory over Marine Le Pen, the far-right presidential candidate in France, reduces the risk of a split with the West. Frank details how this could also impact the search for alternative energy solutions, including nuclear energy. Frank concludes the episode by offering sound advice to corporate executives regarding the ESG debate, making an important connection to Ukraine's sovereignty.Chapter Heading Times0:43 - The Political Implications of Long-Term Inflation10:37 - Canada's Time to Shine16:45 - The War Update22:40 - Advice on Managing the Ever-Evolving ESG Debate28:10 - What Macron's Win Means for Europe31:10 - The Ontario Election: Will Doug Ford Secure Another Majority Government? DisclaimerFor relevant disclosures, visit https://www.tdsecurities.com/ca/en/tds-geopolitics-episode-26 For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this Episode, Frank McKenna, Deputy Chair, TD Securities, takes a post-mortem look at the G7 Leaders' Summit held in Brussels over the weekend. Frank suggests that Biden's comments on the regime change in Russia were unhelpful, and may be forgotten. He also analyzes Russia's retreat from Kyiv, hinting that if Russia is acting rationally, this may signal a potential end to the conflict. With Russia facing ongoing ostracization from the Western World, Frank believes Canada should take a leading role in reshaping the global economy, with an important nod to C.D. Howe. Frank concludes the episode by examining the recent Liberal-NDP deal, and what it means for Prime Minister Trudeau's next move. Chapter Headings 0:50 – Biden Goes Off Script in Poland 8:55 – When is Economic War an Act of War? 11:44 – Explaining Russia's Retreat from Kyiv 18: 30 – Has Chancellor Merkel's Legacy Been Tarnished by Putin? 23:22 – Canada's C. D. Howe Moment 33:20 – The Liberal-NDP Deal Disclaimer For relevant disclosures, visit https://www.tdsecurities.com/ca/en/tds-geopolitics-episode-25 For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Frank McKenna, Deputy Chair at TD Securities and former Premier of New Brunswick and Canadian Ambassador to the United States, discusses geopolitical issues of the day in this monthly series hosted by Peter Haynes, Managing Director at TD Securities.This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. For relevant disclosures, visit: tdsecurities.com/ca/en/legal#PodcastDisclosure. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.