BMO Views from the North
66 episodes - English - Latest episode: 14 days ago - ★★★★★ - 3 ratingsBMO’s Canadian Rates Strategist, Ben Reitzes hosts roundtable discussions offering perspectives from strategy, sales and trading on the Canadian rates market and the macro economy. To listen to more great episodes visit http://bmocm.com/ViewsFromTheNorth For legal disclosure, visit http://bmocm.com/macrohorizons/legal
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Episodes
Decidedly Undecided
April 04, 2024 15:00 - 27 minutesIn this episode, Jeff Oland, part of BMO’s Government of Canada bond trading team, joins me to discuss next week’s Bank of Canada policy announcement, the recent sell off in rates, broader economic backdrop, and uncertainty weighing on markets. As always, all feedback is welcome.
Nobody Said It Was Easy
March 14, 2024 15:00 - 23 minutesIn this episode, Darren Campbell, BMO’s head of FICC investor sales Canada, joins me to discuss the lack of conviction keeping the rates market constrained, last week’s Bank of Canada policy decision, the ramifications from provincial budget season, and how RRBs aren’t dead. As always, all feedback is welcome.
Just Be Long
February 15, 2024 16:00 - 25 minutesIn this episode, Adam Whitlam, part of BMO’s Canadian institutional fixed income sales team, joins me to discuss the current state of the rates market following the wild swings in recent weeks, his views on credit markets, potentially impactful market events over the next month and his favourite trade ideas. As always, all feedback is welcome.
Hopeful on Housing
February 01, 2024 16:00 - 25 minutesIn this episode Robert Kavcic, a Senior Economist from the BMO Economics team, joins me to share his insights on the outlook for the Canadian housing market, reaction to last week’s Bank of Canada policy announcement, and his thoughts on the upcoming provincial budget season. As always, all feedback is welcome.
Not So Fast
January 18, 2024 16:14 - 22 minutesIn this episode, Joel Prussky, BMO’s OIS and cross-currency traders, joins me to discuss next week’s Bank of Canada policy announcement, how this week’s inflation and Business Outlook Survey impact policymakers, when the first cut might come, and his favourite trade ideas. As always, all feedback is welcome.
Too Far, Too Fast?
November 30, 2023 16:00 - 33 minutesIn this episode, Jeff Oland, part of BMO’s Government of Canada bond trading team, joins me to discuss next week’s Bank of Canada policy announcement, the December index extensions, what to look for in 2024, and his favourite trade ideas. As always, all feedback welcome.
Who to Believe?
November 16, 2023 16:00 - 22 minutesIn this episode, Darren Campbell, BMO’s head of FICC investor sales Canada, joins me to discuss the ongoing volatility in fixed income markets, what risk assets are telling us, whether central bank are really done with hikes and his favourite trade ideas as we head into calendar year end. As always, all feedback welcome.
The Canadian Conundrum
November 02, 2023 15:00 - 21 minutesIn this episode, Doug Porter, BMO’s Chief Economist, joins me to discuss last week’s Bank of Canada decision to stay on hold, his upcoming piece on Canadian productivity, along with the potential financial implications. As always, all feedback welcome.
It’s Finally Over
October 19, 2023 15:00 - 26 minutesIn this episode, Joel Prussky, BMO’s OIS and cross-currency trader, joins me to discuss next week’s Bank of Canada policy announcement and the likely end of rate hikes, the macro backdrop and why the economic outlook is very subdued. As always, all feedback welcome.
Carnage
September 28, 2023 15:00 - 29 minutesIn this episode, Adam Whitlam, part of the Toronto-based fixed income sales team, joins me to discuss the carnage in the rates market, my takeaways from visits to NYC and Tokyo, the latest twist in the CMB saga and the outlook for central banks & interest rates. As always, all feedback welcome.
Fiscal Worries and the End of Rate Hikes?
August 31, 2023 15:00 - 24 minutesIn this episode, Jeff Oland, part of BMO’s Government of Canada bond trading team, joins me for the first time to discuss next week’s Bank of Canada policy announcement, the impact of fiscal policy, and his favourite trade ideas. As always, all feedback welcome.
Not Convinced on Cuts
July 20, 2023 15:00 - 37 minutesIn this episode, Dave Moore, part of BMO’s London-based fixed income sales team, joins me to discuss last week’s Bank of Canada rate hike, global inflation trends, and whether the recent data moves the needle for central banks to tone down their hawkishness, and his favourite trade ideas. As always, all feedback welcome.
A 50/50 Proposition
July 06, 2023 15:00 - 25 minutesIn this episode, Adam Whitlam, part of the Toronto-based fixed income sales team, joins me to discuss the outlook for next week’s Bank of Canada policy announcement, the recent back up in interest rates, whether provincial spreads have tightened too far, and his favourite trade ideas. As always, all feedback welcome.
More to Come
June 22, 2023 15:00 - 25 minutesIn this episode, Sam Buckley, Head of BMO’s Government of Canada trading desk, joins me to discuss the Bank of Canada’s latest rate hike and how much more we can expect, the extreme inversion in the Canadian yield curve, how the second half of the year could evolve and his favourite trade ideas. As always, feedback is welcome.
Hikes Back on the Table
June 01, 2023 15:00 - 28 minutesIn this episode, Joel Prussky, BMO’s OIS and cross-currency trader, joins me to discuss next week’s Bank of Canada meeting and whether we should be expecting a rate hike, some big picture macro thoughts, and his favourite trade ideas. As always, all feedback welcome.
Lay of the Land
May 11, 2023 15:00 - 20 minutesIn this episode, Darren Campbell, BMO’s head of FICC investor sales Canada, joins me from to discuss the takeaways from our Government, Reserve & Asset Managers Conference, what’s next for the Bank of Canada, market trends heading into the June 1 coupon flows & index extension, and whether it’s time to put the steepener on. As always, all feedback welcome.
Tough Talk
April 27, 2023 15:00 - 24 minutesIn this episode, Chris D’Onofrio, a trader on BMO’s Canadian swap trading desk, joins me to discuss the outlook for monetary policy after the recent Bank of Canada minutes, swap spreads, an update on the shift from CDOR to CORRA, and his favourite trade ideas. As always, feedback is welcome.
Has Housing Bottomed?
April 06, 2023 15:00 - 23 minutesIn this episode, Robert Kavcic, a Senior Economist from the BMO Economics team, joins me to share his insights on whether the Canadian housing market has bottomed, what we should expect from the Bank of Canada next week, and his thoughts following provincial budget season. As always, all feedback welcome.
CMBs: More Questions Than Answers
March 30, 2023 15:00 - 28 minutesIn this episode, Fred Nastos, Head of Canadian Government Spread Trading, and Trina Reid, Head of CMB Mortgage Aggregation Funding, join me to discuss the Federal Government’s announcement that they will be reviewing the Canada Mortgage Bond program with an eye toward folding it into regular Government of Canada borrowing. As always, all feedback welcome.
The Weakest Link
March 16, 2023 15:00 - 22 minutesIn this episode, Furaz Ahmad, who covers the financial sector as part of BMO’s corporate debt strategy team, joins me to unpack the stress on the global financial system, which is driving market volatility, and assess any potential impact on Canada. As always, all feedback welcome.
Two-Faced Data
March 01, 2023 16:00 - 22 minutesIn this episode, Adam Whitlam, part of the Toronto-based fixed income sales team, joins me to discuss the outlook for next week’s Bank of Canada policy announcement, the latest swings in the data, whether provincial spreads have tightened too far, and his favourite trade ideas. As always, all feedback welcome.
Pause-itive Thinking
February 02, 2023 16:00 - 20 minutesIn this episode, Joel Prussky, BMO’s OIS and cross-currency trader, joins me to discuss last week’s Bank of Canada 25 bp rate hike, their conditional pause, how Wednesday’s FOMC decision impacts the BoC, his thoughts on rates, and his favourite trade ideas. As always, all feedback welcome.
One and Done?
January 19, 2023 16:00 - 19 minutesThis week, Sam Buckley, Head of BMO’s Government of Canada trading desk, joins me to discuss next week’s Bank of Canada policy announcement, his views on the vicious rally to start the year, where Canadian rates and the curve are headed, and his favourite trade ideas. As always, all feedback welcome.
Talking Terminal
December 01, 2022 16:00 - 24 minutesIn this episode, Chris D’Onofrio, a recent addition to BMO’s Canada swap trading desk, joins me to discuss next week’s Bank of Canada policy announcement, where he sees rates and the curve heading, the coming shift to CORRA and his favourite trade ideas. As always, all feedback welcome.
Provincially Speaking
November 24, 2022 16:00 - 25 minutesIn this episode, Robert Kavcic, a senior economist from the BMO Economics team and, Jordan Sugar, BMO’s provincial bond trader, join me to discuss the Provincial landscape. We cover the fundamental backdrop following the fall fiscal updates, and how the provincial bond market has been trading. Robert reveals his favourite provinces, and Jordan provides his top trade ideas with the early December index extension and coupon payments on deck. As always, all feedback welcome.
Growth Worries Ramp Up
November 03, 2022 15:00 - 34 minutesThis week, Dave Moore, who recently moved back to London to join the fixed income sales team, joins me to discuss the reaction to last week’s surprisingly smaller Bank of Canada rate hike among European-based investors, his views on volatility, Canada-US divergence, and favorite trade ideas. As always, all feedback welcome.
Here Comes the Boom
October 20, 2022 15:00 - 25 minutesIn this episode, Adam Whitlam, part of the Toronto-based fixed income sales team, joins me to discuss the outlook for next week’s Bank of Canada policy announcement, the risks to the economy, as well as his views on duration, provincial spreads and the market backdrop heading into bank year end. As always, all feedback welcome.
WWJD
September 15, 2022 15:00 - 24 minutesIn this episode, Joel Prussky, BMO’s OIS and cross-currency trader, joins me to discuss last week’s Bank of Canada 75 bp rate hike, whether he’s still bearish on duration, the outlook for CAN/US yield spreads, and his favourite trade ideas. As always, all feedback is welcome.
Another Aggressive Hike Is Coming
September 01, 2022 15:00 - 21 minutesIn this episode, Sam Buckley, BMO’s head of Canada rates trading, and, Darren Campbell, from BMO’s rates sales desk, join me to discuss next week’s Bank of Canada policy announcement, what’s next for rates, where the Canada curve is heading, and their favourite trade ideas. As always, all feedback is welcome.
House of Cards
July 28, 2022 15:00 - 30 minutesIn this episode, Robert Kavcic, a Senior Economist from the BMO Economics team, joins me for an update on his thoughts on the Canadian housing market amid aggressive Bank of Canada rate hikes, and his views on the economic and fiscal backdrop for the Canadian provinces. As always, all feedback is welcome.
Crude Reality
June 23, 2022 15:00 - 29 minutesThis week, Paul Knobl, BMO’s head of energy trading, joins me to discuss his views on energy markets, and to help make some sense of the wild volatility seen in recent days. I also discuss the latest Canadian CPI report, Bank of Canada, and broader rates backdrop. As always, all feedback welcome.
The Central Bank Conundrum
June 09, 2022 15:00 - 29 minutesThis week, Adam Whitlam, part of the Toronto-based fixed income sales team, joins me to discuss the outlook for the Bank of Canada after last week’s hawkish surprise, Canada-US cross-market spreads, and the risk backdrop amid huge volatility and broad uncertainty. As always, all feedback welcome.
Taming the Bear
May 26, 2022 15:00 - 27 minutesThis week, Joel Prussky, BMO's OIS and cross currency trader joins me to discuss the upcoming Bank of Canada policy decision, his view on the rates market, and his favourite trade ideas. As always, all feedback welcome.
Playing Catch-Up
April 07, 2022 13:46 - 23 minutesIn this episode, Darren Campbell joins me from BMO’s sales desk to discuss the coming Bank of Canada policy meeting, the path for rates & QT, the shape of the yield curve, and his favourite trade ideas. As always, all feedback welcome.
The Canadian Housing Dilemma
March 24, 2022 15:00 - 33 minutesIn this episode, Robert Kavcic, a Senior Economist from the BMO Economics team, joins me to share his insights on what’s next for the Canadian housing market as the Bank of Canada potentially gets more aggressive on rate hikes, and his views on the provincial budget season thus far.
Fear Factor
March 10, 2022 16:00 - 32 minutesThis week, Jean-Michel Beaulieu, part of the Montreal-based fixed income sales team, and Francois Leclerc, one of our provincial bond traders, join me to share their insights on their take on last week’s Bank of Canada rate hike, provincial spreads, some broader macro themes, and their favourite trade ideas. As always, all feedback welcome.
On the Path to Rate Hikes
February 24, 2022 16:00 - 33 minutesThis week, Fred Nastos and Adam Whitlam, part of the Toronto-based fixed income sales and trading team, join me to preview the upcoming Bank of Canada policy announcement and discuss whether the recent market turmoil persists. As always, all feedback welcome.
What the Hawk?
February 03, 2022 16:00 - 28 minutesThis week, Joel Prussky, BMO's OIS and cross currency trader joins me to discuss the takeaways from last week’s Bank of Canada decision, his view on the rates market, and his favourite trade ideas. As always, all feedback welcome.
Should They Stay or Should They Go?
January 20, 2022 16:00 - 26 minutesThis week Darren Campbell joins me from BMO’s sales desk to discuss the upcoming Bank of Canada policy meeting, what investors are thinking, and his favourite trades heading into the Bank. As always, all feedback welcome.
Onward and Upward
December 16, 2021 16:00 - 21 minutesThis week, Adam Whitlam, part of the Toronto-based fixed income sales team, joins me to discuss the latest from the Bank of Canada and the outlook for 2022. As always, all feedback welcome.
Bank of Canada on Deck
December 02, 2021 16:00 - 25 minutesThis week, Austin Derris, part of BMO’s US-based fixed income sales team, joins me to preview the upcoming Bank of Canada policy announcement, share his insights on the Canadian rates market, along with his favourite trade ideas. As always, all feedback welcome.
Is it Time to Worry?
November 18, 2021 16:00 - 39 minutesThis week, Jean-Michel Beaulieu, part of the Montreal-based fixed income sales team, and Francois Leclerc, one of our provincial bond traders, join me to share their insights on their insights on the state of the Canadian rates market, provincial spreads, some broader macro themes, and their favourite trade ideas. As always, all feedback welcome.
Carnage in Canada
November 04, 2021 15:00 - 28 minutesThis week, Darren Campbell, BMO’s head of FICC investor sales, joins me to discuss the recent Bank of Canada policy meeting, the resulting market carnage, and where we go from here. As always, all feedback welcome.
The Bank of Canada’s Dilemma
October 21, 2021 15:00 - 27 minutesThis week, Fred Nastos, co-head of core BMO’s FICC trading, joins me to discuss next week’s Bank of Canada policy meeting and our favourite trade ideas. As always, all feedback welcome.
What, Me Worry?
October 07, 2021 15:00 - 26 minutesThis week, Joel Prussky, BMO's OIS and cross currency trader joins me to discuss his view on the rates market, weigh in on the inflation debate, the Bank of Canada’s upcoming dilemma and his favourite trade ideas. As always, all feedback welcome.
We're Back!
September 23, 2021 15:00 - 20 minutesAfter taking the summer to recharge, Views from the North is back. This week, Adam Whitlam, part of the Toronto-based fixed income sales team, joins me to discuss the federal election results, recent Bank of Canada policy announcement and the state of the Canadian rates market. As always, all feedback welcome.
Summertime and the Trading Ain't Easy
July 22, 2021 15:00 - 35 minutesThis week, Adam Whitlam, part of the Toronto-based fixed income sales team, and Jordan Sugar, one of our provincial & CANHOU bond traders, join me to discuss the recent rally in rates, provincial & CANHOU markets, and thoughts on last week’s Bank of Canada policy announcement. As always, all feedback welcome.
Is Canada Cheap at Last?
July 08, 2021 15:00 - 24 minutesThis week, Austin Derris, Boston-based fixed income sales, joins me to discuss the upcoming Bank of Canada policy meeting, swap spreads, whether Canada is finally cheap cross market. As always, all feedback welcome.
Central Banks Remain Central
June 17, 2021 15:00 - 40 minutesThis week, Jean-Michel Beaulieu, part of the Montreal-based fixed income sales team, and Francois Leclerc, one of our provincial bond traders, join me to share their insights on the state of the provincial bond market, broader macro themes, the impact of the FOMC on Canada, and, of course, their favourite trade ideas. As always, all feedback welcome.
Icarus
June 03, 2021 13:57 - 38 minutesThis week, Dave Moore, BMO's Hong Kong based trader joins me on the show to discuss Canada’s latest GDP report, the risks central bankers are taking by running the printing press, the upcoming Bank of Canada policy meeting, activity in the Asian investor base and his favourite trade ideas. As always, all feedback welcome.