Mackenzie Investments

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Channel • 2 Shows

Investing

Investing

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Investing

Investing

Updated Weekly

JAN 22

Joseph Briggs – AI capex: signal or noise?

In this episode, Joseph Briggs, economist at Goldman Sachs, joins Dustin Reid to pressure-test the “AI bubble” debate from a top-down macro lens. They examine how big the buildout really is once you scale it properly, why the headline GDP boost can be easy to misread, and what early signals (and non-signals) to watch in productivity and the labour market. The takeaway: What to watch in the data before you change risk budgets. This episode was recorded on January 20, 2026.

Jan 22

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23 min
JAN 30

Rates held, markets moved. What advisors need to know

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.

Jan 30

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18 min
11/27/2025

Brent Donnelly – Alpha in practice: How he reads markets and manages risk

Brent Donnelly of Spectra Markets and author of Alpha Trader joins Dustin Reid to unpack how market narratives form, shift, and ultimately drive price action across global macro. He shares practical insight into managing confirmation bias, curating information flow, and staying agnostic in fast-moving markets. Brent also discusses how he uses technical analysis as a risk-management tool rather than a signal generator. The conversation closes with his outlook on major FX pairs, including Canada and Japan, as we head into 2026. This episode was recorded on November 25, 2025.

11/27/2025

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37 min
03/11/2024

Jason Daw – BoC and Fed Easing Cycle: Market Implications and Dynamics

While central bankers are confident in achieving a soft-landing scenario, when can we reasonably expect rates to begin to ease? In this episode, hosts Matthew Schnurr and Dustin Reid are joined by Jason Daw, Head of North American Rates Strategy at RBC Capital Markets to discuss recent inflation metrics, the labour market, and the potential timing and sequencing of rate cuts from the Bank of Canada and the Fed. This episode was recorded on March 6, 2024.

03/11/2024

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33 min
12/10/2025

2026 Market Outlook with Lesley Marks and Steve Locke

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.

12/10/2025

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37 min
JAN 22

Resources in a multipolar world

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.

Jan 22

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21 min
11/24/2025

Driving in fog: Central banks navigate uncertain data

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.

11/24/2025

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35 min
02/14/2025

Aluminum and Steel Tariffs: What Lies Ahead?

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.

02/14/2025

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27 min
11/21/2024

John Cook – The Energy Transition Outlook Post-US Election

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.

11/21/2024

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25 min
11/18/2024

Jules Boudreau – The Trump Trade and US Small Caps

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. Further reading: - The narrow window for small caps This episode was recorded on November 15, 2024.

11/18/2024

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28 min

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Mackenzie Investments

Top Shows

Joseph Briggs – AI capex: signal or noise?

Rates held, markets moved. What advisors need to know

Brent Donnelly – Alpha in practice: How he reads markets and manages risk

Jason Daw – BoC and Fed Easing Cycle: Market Implications and Dynamics

2026 Market Outlook with Lesley Marks and Steve Locke

Resources in a multipolar world

Driving in fog: Central banks navigate uncertain data

Aluminum and Steel Tariffs: What Lies Ahead?

John Cook – The Energy Transition Outlook Post-US Election

Jules Boudreau – The Trump Trade and US Small Caps

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