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Geopolitics with Frank McKenna

TD Securities
United States
Canada
Iran
Middle East
Tariffs
Trump Administration
Ukraine
Canada–united States Relations
Mark Carney
Liberal Party
European Union
NATO
KUSMA
Venezuela
Israel
Hamas
Canada-U.s. Relations
Pierre Poilievre
Trade Agreements
Conservative Party

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. For relevant disclosures, visit www.tdsecurities.com/ca/en/geopolitics-podcast-public

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Latest Episodes

In Episode 80, Frank jumps right into the tariff fray with a review of the recent 50% tariffs imposed by the United States on $20 billion worth of Canadian imports, suggesting that the maneuver is in part designed to eliminate any Canadian leverage i... more

In Episode 79, Frank welcomes back his friend and colleague Chris Krueger, Head of Global Macro Research for TD Securities and an expert on Washington politics, to discuss the upcoming US Midterm elections in November. Before digging in on US politic... more

Frank and Peter found heaven in the May episode of Geopolitics with the marriage of a live audience for Episode 78 before a Jays game at the Rogers Center and a special guest appearance in the second half of this podcast by former Toronto Blue Jays P... more

Episode 77 covers a wide range of topics on the geopolitical landscape including the recent assassination attempt on President Trump, the implications on global energy markets of UAE's decision to exit OPEC and which person is leading Iran in negotia... more

In Episode 76, Frank ponders the potential outcomes of the War in Iran and its impact on other global geopolitical events. He believes that despite a wide bid-ask spread in peace negotiations between Iran and the US that the Trump Administration will... more

What if Cuba became a territory of Canada? What if Justice Alito suddenly retired this summer? These are just two of Frank's more provocative thoughts in this month's episode of Geopolitics. Frank also addresses the "monumental" Supreme Court ruling ... more

Two weeks have passed since Frank last spoke to listeners. Since then, it has been chaos in global geopolitical circles, with Frank wondering whether some of this noise is meant to distract from issues the US Administration would prefer to take a bac... more

Episode 73 of Geopolitics is a special episode in which Frank discusses the implications for global geopolitics of the arrest of Venezuelan President Nicolas Maduro. Frank discusses backlash in Washington of the decision to arrest Maduro without Cong... more

Key Facts

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Recent Guests

Chris Krueger
Global head of macro research for TD Securities Washington Research Group
TD Securities
Episode: An Early Look at Midterm Elections
Paul Beeston
Former president of the Toronto Blue Jays
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Episode: Geopolitics meets Major League Baseball
Frank McKenna
Honorable Frank McKenna, former Premier of New Brunswick and Canadian Ambassador to the United States
TD Securities
Episode: A 24 Hour Geopolitical News Cycle

Hosts

Peter Haynes
Host of Geopolitics with TD Securities; long‑standing practitioner in North American finance and policy commentary.
Frank McKenna
Co‑hosted episodes; former Premier of New Brunswick and Canadian Ambassador to the United States; experienced diplomat and business leader.

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Talking Points

Recent interactions between the hosts and their guests.

The Iranian Quagmire
Q: How does the panel view the risk of escalation in the Canada–U.S. trade relationship?
There is risk, but the guests emphasize maintaining balance, avoiding blackmail, and seeking mutual gains rather than unilateral advantage.
The Iranian Quagmire
Q: What should Prime Minister Carney do in light of the latest tariff moves?
Stay steadfast and patient, keep a calm, principled stance, and leverage Canada's strengths while pushing for negotiated outcomes within the Kuzma framework.
An Early Look at Midterm Elections
Q: What are the implications for US policy and markets if the Democrats manage to flip the Senate or if the House remains under Republican control?
A Senate flip would complicate treaty confirmations and judicial appointments, potentially slowing or reshaping policy initiatives; in markets, that could translate into increased policy risk and uncertainty, though some gridlock could dampen fiscal pressures.
An Early Look at Midterm Elections
Q: Can you walk our audience through the numbers for the House and the Senate and explain how gerrymandering might affect the outcome in the second half of Trump's term?
The House has 435 members with two-year terms; Democrats are favored to win a number of competitive House races due to the current map and demographics, but the Senate remains a tighter environment where a handful of key races will determine control, making outcomes highly uncertain.
The Impact of Nicolas Maduro's Arrest on Geopolitics in the Western Hemisphere
Q: What will the implications be for Canada in light of Trump's actions?
Frank sees this as a potential positive for Canada, emphasizing the need for energy independence and increased support for pipeline projects.

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Frequently Asked Questions About Geopolitics

What is Geopolitics about and what kind of topics does it cover?

Geopolitical analysis tailored for executives and investors, with a strong North American focus and a global lens. Episodes blend macro geopolitics, trade policy, energy markets, and sanctions with practical implications for business strategy and capital markets. Hosted by a TD Securities veteran and featuring high‑profile guests, the conversations emphasize how policy shifts in the U.S., Canada, and Europe affect investment climates, energy supply chains, and corporate decision‑making, often interleaving historical context and forward‑looking bets. A notable angle is the integration of geopolitical insight with financial markets, giving listeners strategic angles on risk, diversification, and opportunity in an evolving global order.

Notew... more

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1. The House
2. The Munk Debates Podcast
3. The Numbers
4. Hub Podcasts
5. The Paikin Podcast

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Geopolitics launched 4 years ago and published 57 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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Recent guests on Geopolitics include:

1. Chris Krueger
2. Paul Beeston
3. Frank McKenna

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