BMO Equity Research IN Tune

In a special episode of the Markets Plus podcast recorded on April 30, Camilla Sutton, Managing Director and Head of Equity Research, Canada & UK, BMO Capital Markets, moderates a timely and engaging discussion on the implications of the Canadian election. Joining her on the show: Hon. Brian Tobin, Vice Chair, BMO Financial Group and Hon. Jason Kenney, Senior Advisor, BMO Financial Group. Click here for transcript. ⁠⁠Click here for important disclosures⁠⁠.

On April 28, Canadians elected Members of Parliament to represent them in the House of Commons. The following day, BMO hosted a discussion to cover the economic, markets and tax policy implications. Click here for transcript. ⁠⁠Click here for important disclosures⁠⁠.

The ongoing uncertainty around U.S. tariffs on foreign goods is affecting business leaders across all industries. On April 17, BMO hosted a discussion to cover macroeconomic trends that are specifically impacting manufacturers with our economic and industry experts. (31 min) Click here for transcript. ⁠⁠Click here for important disclosures⁠⁠.

Kwasi Ampofo, Head of Metals and Mining at BloombergNEF, delves into the critical minerals sector, vital for energy transition and technology. He contrasts the negative sentiment in the U.S. EV market with China's strong growth. Discussing macro drivers, he notes how inflation and tariffs impact demand over the next few years. Ampofo also explores the challenges of building processing capacity in the West, the need for government incentives to de-risk mining projects, and key risks impacting the market in the coming months.

Rohitesh Dhawan, Chief Executive of the International Council on Mining and Metals (ICMM), discusses the critical role of the metals and mining industry in achieving sustainable development. He highlights the progress made on decarbonization and water management, while also addressing ongoing challenges like safety and human rights. Dhawan emphasizes the importance of a consolidated standard for responsible mining practices and the need for open dialogue to restore trust. He calls for collaboration among industry leaders, governments, and communities for a sustainable future.

Michael Gregory, Deputy Chief Economist and Head of US Economics, discusses how tariffs and the ongoing uncertainty around them impacts the outlook for the Canadian and U.S. economies; while Brian Belski, Chief Investment Strategist discusses his equity investment outlook for both Canada and the US. Click here for transcript.To access our full disclosures, please visit: https://research.bmo.com/public/disclosures 

Tamy Chen, a Consumer Analyst at BMO Capital Markets, dives into the turbulent waters of U.S. tariffs on Canada. She discusses the impending negative impacts on Canada's economy, forecasting declines in growth and rises in inflation. Tamy highlights the vulnerabilities of the North American auto sector, particularly for companies like Linamar, and explores how these tariffs could affect vehicle pricing and supply chains. Additionally, she assesses the resilience of Canadian banks amidst these challenges, suggesting potential opportunities for adaptation.

Join former Chief Trade Negotiator Steve Verheul, now at GTN Co., alongside Doug Porter, BMO's Chief Economist, and Yung-Yu Ma, Chief Investment Officer at BMO Wealth Management. They dive into Trump's potential 25% tariffs on Canada and Mexico, dissecting the repercussions for North American supply chains and economies. Key discussions cover inflation impacts, monetary policy responses, and investment market volatility. Also, explore Canada's strategies for retaliation and what signals could indicate future negotiations.

How will an altered political landscape in Washington affect the U.S. fundamental outlook? Camilla Sutton, BMO Capital Markets Managing Director, Head of Equity Research, Canada & UK, moderated a discussion with BMO experts across macroeconomics, financial markets, and rates to understand the current and future implications of the 2024 election. Listen to Doug Porter, Managing Director and Chief Economist; Brian Belski, Chief Investment Strategist; and Ian Lyngen, Managing Director and Head of U.S. Rates Strategy, to learn more.Click here for transcript.

As we prepare for the upcoming US Presidential election, we spend some time with five of our BMO Capital Markets experts who run through how they see market impacts unfolding. Our guests include: Sal Guatieri, BMO’s Sr. Economist and Brian Belski, BMO’s Chief Investment Strategist; as well as three of our Equity Research Analysts Colin Hamilton, who focuses on metal commodities, Randy Ollenberger on Oil and Gas and Doug Morrow on ESG. Please note that this podcast goes in tandem with our broader department report, Navigating the U.S. Election Outcomes - Winners and Losers.Click here for transcript.