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BMO Views from the North

BMO Capital Markets
Canada
Bank Of Canada
Federal Reserve
Inflation
Credit Markets
USMCA
United States
Provincial Bonds
United States Economy
Liquidity
Canadian Dollar
Canadaian Inflation
Canadian Rates
Bank Of Montreal
Mergers and Acquisitions
Canadian Rates Market
China
Housing
Pension Funds
Canada-Us

BMO’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 bmocm.com/ViewsFromTheNorth For legal disclosure, visit bmocm.com/macrohorizons/legal

PublishesMonthlyEpisodes106Founded6 years ago
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Artwork for BMO Views from the North

Latest Episodes

In this episode, Chris D’Onofrio, one of BMO’s Canadian dollar swap traders, joins me to discuss the highlights from our marketing trip to London last week, the evolution of Bank of Canada pricing after the hawkish turn two weeks ago, Prime Minister ... more

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In this episode, Jeff Oland, part of BMO’s Government of Canada bond trading team, joins me to discuss the Bank of Canada’s latest decision and surprisingly hawkish tone, the broader inflation backdrop, rising global yields, and our favourite trade i... more

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In this episode, Adam Whitlam, head of the Toronto rates sales desk, joins me to discuss the constantly changing macro backdrop, how that impacts the outlook for the Bank of Canada and the yield curve. We also look back to assess our trade ideas from... more

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In this episode, Andrew Wallace, part of BMO’s Government of Canada bond trading team, joins me to discuss the recent relative outperformance of the Canadian bond market, front-end dynamic and how futures positioning has shifted, the macro backdrop, ... more

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In this episode, Jeff Oland, part of BMO’s Government of Canada bond trading team, joins me to discuss how the June 1/2 extension shaped up, the state of the Canadian economy amid a somewhat persistent negative data flow, how the federal government i... more

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In my 100th episode, Joel Prussky, BMO’s OIS and cross-currency trader, joins me to discuss the current macro environment, with a focus on inflation and what that means for the Bank of Canada. Joel also shares his favourite trade ideas amid heightene... more

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In this episode, Chris D’Onofrio, one of BMO’s Canadian dollar swap traders, joins me to discuss how market behaviour has evolved as the Middle East conflict appears to be waning, what that means for Bank of Canada pricing, whether we could get any s... more

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In this episode, Adam Whitlam, head of the Toronto rates sales desk, joins me to discuss the economic and market backdrop amid the ongoing war in Iran. We cover lots of ground from positioning to provincial spreads and my recent trip to London. While... more

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Recent Guests

Chris D'Onofrio
Canadian dollar swap trader
BMO Capital Markets
Episode: It's Canada's Time
Joel Prussky
OIS and cross currency trader at BMO
BMO Capital Markets
Episode: Once a Bear, Always a Bear
Andrew Wallace
Government of Canada trader
BMO Capital Markets - Government of Canada desk
Episode: Waiting for a Catalyst
Jeff Oland
Government of Canada bond trader
BMO (guest role)
Episode: Spicy Start to the New Year
Sam Buckley
Head of Government of Canada trading desk
BMO Capital Markets
Episode: December Fun
James Aitkin
Global macro strategist and founder of Aitkin Advisors
Aitkin Advisors
Episode: Macro Summit 2025 Panel
Ian Lyngen
Head of US rate strategy
BMO
Episode: Macro Summit 2025 Panel
Manmit Pandori
Head of tactical and accrual trading at BMO Capital Markets
BMO Capital Markets
Episode: Room for Risk to Run
Adam Whitlam
Member of Canadian dollar institutional sales desk
BMO Capital Markets
Episode: The Rich Get Richer

Host

Benjamin Reitzes
Benjamin Reitzes, Host of Views from the North

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Talking Points

Recent interactions between the hosts and their guests.

Spicy Start to the New Year
Q: Where do you see the Canada-US 30-year spread in six months?
Depending on US policy and Canada's relative growth, the spread could tighten modestly if Canada outperforms due to domestic catalysts, but it remains sensitive to US fiscal and monetary moves; the trend will be shaped by the rate differentials and expectations for long-end inflation and supply.
Room for Risk to Run
Q: Two, how long can this rally realistically last given current conditions and potential regime shifts?
The guest suggests the environment could persist much longer than many expect due to abundant liquidity and policy accommodation, but cautions that a catalyst or a spike in uncertainty could abruptly alter the balance, pushing markets toward wider spreads and a new price dynamic.
Room for Risk to Run
Q: Okay, so I got two questions. What do you think could break? What might be the drivers of that? What are you looking at? Is there anything specific?
Manmit responds that while there is a broad sense of complacency, potential catalysts could include a sharper deterioration in the economy or a sudden shift in bank credit conditions, with a favored hedge being tail risk protection; he also notes the market could endure longer than expected given liquidity, policy support, and ongoing buybacks of risk assets.

Audience Metrics

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Frequently Asked Questions About BMO Views from the North

What is BMO Views from the North about and what kind of topics does it cover?

This show centers on Canadian fixed-income strategy and macro commentary, typically anchored by a senior rates strategist and a rotating set of trading desk guests from BMO. Episodes feature roundtable-style discussions that blend tactical trading ideas, curve dynamics, and cross-border implications of policy, inflation, and energy markets. A hallmark is the on-the-ground color from traders and strategists, translating complex rate moves into actionable ideas for institutional desks, asset managers, and investors focused on Canada and its relationship with the U.S. Viewers can expect timely analysis of BoC signals, oil-price influence on yields, currency dynamics, and evolving market structure, with a practical tilt toward positioning, hedg... more

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Which podcasts are similar to BMO Views from the North?

These podcasts share a similar audience with BMO Views from the North:

1. Macro Horizons
2. The Macro Trading Floor
3. At Any Rate
4. Macro Voices
5. The Markets

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BMO Views from the North launched 6 years ago and published 106 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on BMO Views from the North?

Recent guests on BMO Views from the North include:

1. Chris D'Onofrio
2. Joel Prussky
3. Andrew Wallace
4. Jeff Oland
5. Sam Buckley
6. James Aitkin
7. Ian Lyngen
8. Manmit Pandori

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