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The Download with David Richardson

RBC Global Asset Management (RBC GAM)
Artificial Intelligence
Inflation
Investment Strategies
Tariffs
Interest Rates
RBC Global Asset Management
Canada
Federal Reserve
Emerging Markets
Canadian Economy
Stock Market
European Equities
Economic Growth
Bond Market
Fixed Income
Market Volatility
Bank Of Canada
Earnings Growth
United States
NVIDIA

Join RBC Global Asset Management's experts in candid conversations about their teams, strategies and insights on current economic and investment trends. RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives

PublishesTwice weeklyEpisodes288Founded8 years ago
Number of ListenersCategories
InvestingBusiness

Listen to this Podcast

Artwork for The Download

Latest Episodes

Jennifer Schillaci makes the case for Canadian commercial real estate right now. She covers the market's recovery, the rise of self-storage, foreign buyers entering Canada, and how her team is implementing AI as part of their portfolio management pro... more

Eric Savoie identifies the two forces driving market volatility — the ongoing trade war and the AI capital spending boom — and explains what each means for bonds and equities. He also makes a compelling case for active, disciplined investing and hidd... more

Stu Kedwell breaks down tariffs, elevated yields, the AI capital spending debate and shares a timely reminder that dollar cost averaging and diversification remain reliable tools for building long-term wealth.  (Recorded: July 28, 2026)

To view the ... more

Sarah Neilson, Co-Head of North American Equities, brings a fresh perspective from the Calgary Stampede. She breaks down why midstream, liquefied natural gas, nuclear, and Alberta's first gigawatt data centre make the case for energy in your portfoli... more

Key Facts

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Recent Guests

Sarah Nielsen
Co-head of North American Equities at RBC Global Asset Management
RBC Global Asset Management
Episode: From pipelines to data centres: inside Canada's energy transformation
Sarah Riopelle
Portfolio Solutions Manager at RBC Global Asset Management
RBC Global Asset Management
Episode: How tactical thinking wins in volatile markets
Rob Cavallo
Portfolio Manager, RBC Global Asset Management
RBC Global Asset Management
Episode: Smart investing in tech, AI, and healthcare
Marcello Montanari
Portfolio Manager, RBC Global Asset Management
RBC Global Asset Management
Episode: Smart investing in tech, AI, and healthcare
Stu Kedwell
Global Chief Investment Officer, RBC Global Asset Management
RBC Global Asset Management
Episode: Beyond the headlines: why a long-term strategy can still win
Sarah Neilson
Co-head of North American Equities at RBC Global Asset Management
RBC Global Asset Management
Episode: Energy, opportunity, and the power of active management
Steve Pitts
Vice President and Portfolio Strategist for Fixed Income
RBC Global Asset Management
Episode: Fixed income strategy 2026: bond market outlook and yield opportunities
Dan Chornous
Chief Investment Officer at RBC Global Asset Management
RBC Global Asset Management
Episode: Best of 2025: retirement planning for every stage
Laurence Bensafi
Expert in emerging markets
RBC Global Asset Management
Episode: A turning point for emerging markets?

Hosts

Dave Richardson
Host of The Download with a focus on markets, macroeconomics, and investment strategy
Stu Kedwell
Global Chief Investment Officer, RBC Global Asset Management; frequent guest sharing market outlook and investment process

Reviews

4.7 out of 5 stars from 207 ratings
  • Audio quality improvement needed

    I really enjoy the podcast, but the audio quality is very poor relative to your average podcast. Would be great if RBC could invest in some new mic’s.

    Apple Podcasts
    3
    Invest12345
    Canada10 months ago
  • Love the content.

    Love the content and the guest’s perspective.

    Would enjoy listening to more alternative investments options particularly with infrastructure and private credit and real estate

    Any chance to make the content like 30 to 45 mins in length?

    M.

    Apple Podcasts
    5
    Ada/Aubrey
    Canada2 years ago
  • Great content but

    LOVE the content. Thank you for uploading. But pls do something about the audio quality.

    Apple Podcasts
    4
    KaiLarry
    Canada3 years ago
  • Great podcast

    Hope RBC continues to produce more content

    Apple Podcasts
    5
    derkavich
    Canada3 years ago
  • RBC

    Jong

    Apple Podcasts
    5
    Return rey
    Canada3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Audiences appreciate practical, discipline-focused investing guidance and real-world portfolio tips.
Guests are consistently senior finance professionals from RBC GAM, with strong macro and market analysis.
Audio quality has been noted as an area for improvement by listeners.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#99
Canada/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

The difference between momentum and quality
Q: How should an investor balance momentum plays with quality stocks over a market cycle?
By first assessing whether a business is worth owning on fundamentals, then considering scenarios for revenue, margins, and valuation, and finally adjusting exposure based on where the stock sits in its cycle and how much upside versus risk is present. When momentum is strong, leverage the four drivers; when the story slows, emphasize quality and proven management.
Oil, inflation and the bond market reset
Q: What is the Fed's preferred measure of inflation and what does the May data imply?
The Fed uses the PCE price index as its preferred inflation measure; the core PCE in May was around 3.4% year-over-year, indicating inflation remains above the 2% target, but the overall trend and oil price dynamics suggest potential moderation ahead and implications for rate expectations.
Goals and yields: how geopolitics and productivity are reshaping bonds
Q: How does AI spending influence inflation and productivity in the medium term?
The guests explained that substantial corporate AI spending could be inflationary in the near term due to capex needs and supply constraints, but over the longer term it may be disinflationary if productivity boosts reduce unit costs and raise potential growth, potentially leading to a higher neutral rate as the economy runs hotter.
Goals and yields: how geopolitics and productivity are reshaping bonds
Q: What were Andrzej's thoughts on the debut of the new Fed chair and the market reaction?
Andrzej described the chair as mildly hawkish and credible in fighting inflation, noting that the hawkish stance was not as extreme as some investors feared, which helped stabilize expectations for policy direction.
Navigating oil shocks and volatility
Q: What should investors do in light of this volatility?
Advise dollar-cost averaging, maintain diversification (bonds as insurance against stocks), and stick to a long-term financial plan to weather near-term volatility while positioning to benefit later.

Audience Metrics

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Frequently Asked Questions About The Download

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

A series of candid conversations with RBC Global Asset Management's investment leaders and economists, focusing on portfolio construction, long-term investing, and how technology—especially AI—changes decision making. Episodes explore macro outlooks, energy and inflation dynamics, geopolitical risks, and practical frameworks for advisors and investors to stay disciplined through volatility. Notable strengths include a consistent emphasis on blended human + AI approaches, a clear focus on Canadian and North American markets, and hands-on guidance for building resilient portfolios across cycles.

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What are the audience demographics for The Download?

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How many subscribers and views does The Download have?

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Which podcasts are similar to The Download?

These podcasts share a similar audience with The Download:

1. In the Money with Amber Kanwar
2. The Wealthy Barber Podcast
3. The Canadian Investor
4. The Canadian Real Estate Investor
5. Build Wealth Canada Podcast

How many episodes of The Download are there?

The Download launched 8 years ago and published 288 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 The Download?

Recent guests on The Download include:

1. Sarah Nielsen
2. Sarah Riopelle
3. Rob Cavallo
4. Marcello Montanari
5. Stu Kedwell
6. Sarah Neilson
7. Steve Pitts
8. Dan Chornous

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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