In Episode 69, Frank invites Chris Krueger, Strategist with TD Cowen's Washington Research Group, to join the pod to help navigate the fast-moving developments in Washington including the government work stoppage, Canada-US trade negotiations, and the postmortem of President Trump's recent Whitehouse meeting with Ukraine President Zelensky. Frank describes trade negotiations as slogging along given that the two countries have incredibly inter-twined economies, and a complex trade and security relationship. Pipelines are back in the news and Frank weighs the pros and cons of a Keystone restart or pipeline to the Northern BC Coast with continued expansion of existing infrastructure. Chris provides our mostly Canadian audience with a 101 on gerrymandering, and its impact on mid-term elections. The two geopolitical experts finish up discussing the merits of a Nobel Peace Prize for Trump and potential end to the war in Ukraine. This podcast was recorded on October 20, 2025 Chapter Times: 01:31 - Slogging Through Canada-US Trade Negotiations 13:39 - Carney's Balancing Act with Canada's Premiers 17:09 - Setting the Record Straight on Tariff Revenues 22:20 - Pipelines Back in the News in Canada 29:07 - Explaining Washington's Work Stoppage 33:53 - Is Stellantis's Brampton Plant Closure the Canary? 38:33 - Gerrymandering Gone Wild 43:41 - Peace Negotiations in Middle East and Ukraine

Frank comes to the September podcast taping in a somber mood, strange for someone who prides himself as the eternal optimist. What has Frank in a mood? Well, he lists several issues with the current US Administration that has him questioning the United States's position as leader of the free world. Meanwhile he is very concerned about the prospect Trump triggers the shotgun clause on CUSMA wiping out the existing agreement, a possibility allowed under Article 34.6 of the Agreement. Hence the need for Canada's Prime Minister Carney to continue to strengthen trading relationships outside of the US such as was evidenced with his recent meeting with Mexican President Claudia Sheinbaum. Frank likes the appointment of Dawn Farrell to head the Major Projects Office and is bullish on the prospects that the one project, one review, one decision two-year time frame for Major Projects is realistic. Frank provides his thoughts on free speech in the wake of Charlie Kirk's assassination and on Putin's addiction to War. Finally, Frank cracked his familiar smile again when talking about his beloved Blue Jays as we do at the end of every podcast. This podcast was recorded on September 23, 2025 at 6 pm EST Chapter Headings: 00:52 Frank's Somber Mood Towards Canada-US Relations 06:33 Will Trump Renegotiate or Blow-Up CUSMA? 20:50 Carney Branches Out Trading Relationships 23:09 Dawn Farrell and Canada's Five Major Infrastructure Projects 28:58 Canada Joins Other G7 Countries in Recognizing Palestinian State 34:33 The Polarized US Political Landscape 41:26 Putin's Addiction to War

Frank is back after a month off with a lot to cover in the current Episode 67. He starts with a review of Canada's handling of forest fires, an area where Canada is arguably a world leader, and what can be done in the new normal to mitigate risk of future forest fire growth. Frank discusses the pros and cons of back to work legislation by the Federal Government used in the Air Canada flight attendant strike and is frustrated whenever one party has too much leverage in work disruptions. After covering the latest on trade negotiations between Canada and the US and the potential sale of infrastructure assets by Canada's Federal Government, he switches gears to US politics, finishing up on Trump's dramatic efforts to broker an end to the Ukraine – Russian war and the gerrymandering of districts fight on-going in Texas. This podcast was recorded on August 19, 2025. Chapter Headings 04:40 - Forest Fire Mitigation Tools 10:08 - Air Canada Strike Resolution is Teaching Moment 18:25 - Canada's New Normal Trade Arrangement with US 33:23 - Will Canada's Federal Government Sell Infrastructure Assets? 37:38 - Trump's Full Court Press to End the War in Ukraine 44:39 - Gerrymandering in Texas – A Precursor to More Partisan Politics

Frank's focus during the June episode of Geopolitics was on analyzing the fluid situation in the Middle East following Israel's 12-day war with Iran and the US's decision to bomb Iran's nuclear facilities. Stepping back to the catalyst event for this war, Israel's Prime Minister Netanyahu's order to take out Iranian military leaders, Frank believes this decision is more about Netanyahu's political survival than a tactical move to take advantage of a weakened group of Iranian proxies. The Iranian-Israel war also took center stage at the recent G7 Summit hosted by Canadian Prime Minister Carney, an event partially hijacked by President Trump's decision to leave early to address the Middle Eastern unrest. Prior to his departure, Trump did meet with Carney and the two leaders agreed to work out a comprehensive bi-lateral trade and security agreement within 30 days, an announcement that brings with it some skepticism as to what such an agreement will look like and whether Section 899 tax issues will be included. The conversation ends where it always seems to end, with Frank continuing to be more bullish on his beloved Blue Jays than the host. This podcast was recorded on June 24, 2025. Chapter Headings: 03:08 President Trump's Attack on Iran 10:28 Political Calculus for Trump's Iran Missive 16:00 Netanyahu's Decision to Open Another War Flank with Iran 20:03 Trump's G-7 Departure and Relationship with Carney 24:46 Evaluating Carney's Decision to Invite India's Moti to G-7 31:10 The Latest on Section 899 35:50 Is Danielle Smith Setting the Bar Too High with BC Pipeline Chatter?

For the first time in four months of our podcast series, the focus of Frank's attention is not centered around tariffs. This month Frank starts with a detailed analysis of Prime Minister Carney's cabinet, a carefully constructed team of ministers balancing geographic, gender and ethnic interests from across the country. Frank addresses comments from Alberta's Premier Danielle Smith on separation, suggesting she would be better off leading than following her base of support. On a positive note, Smith seemed more bullish on the prospects for energy infrastructure builds across the country following comments from Quebec Premier Legault, who previously did not support building pipelines through his province. Frank discussed Prime Minister Carney's visit to the Whitehouse where he received good marks for his messaging on Canada's sovereignty which did not require confrontation with the President. We then move the discussion to global issues, covering handshake trade deals, the conflicts in Ukraine and Gaza, which Frank suggests are closer to the end than the beginning, and the recent flare up between Pakistan and India in Kashmir. He finishes with a suggestion that the Jays are better than their record, a point of view that was not supported by the normally bullish podcast host. This podcast was recorded on May 21, 2025. Chapter Headings: 01:28 - The Carney Cabinet 06:21 - Smith and Alberta Separation 12:50 - Spending on Energy Infrastructure 21:53 - Bullish Tone for Canada 28:50 - Carney and Trump 34:36 - Trump and Tariffs 40:30 - Is Trump's Nobel Prize Slipping Away? 43:31 - India-Pakistan Flare Up

In Episode 64, Frank covers the Canadian election from top to bottom, including addressing unflattering comments about Canada as a country from the leader of the Bloc Quebecois and the Premier of Alberta. Frank addresses each of the major platform concerns of Western leaders as it relates to natural resource and pipeline development including Bill C69, the energy cap and industrial carbon tax. He provides a 101 lesson on equalization payments, a source of frustration for Western provinces who typically are not recipients of transfers from the Federal Government by virtue of low tax bases and resource reserves. The episode then shifts to Canada-US relations, where Frank addresses President Trump's interference with the Canadian election and expectations for renegotiation of a trilateral trade agreement, which he suggests Canada reluctantly pursue, but with eyes wide open and asks from the north side of the border. He finishes with an update on the war in Ukraine and, of course, laments the state of play of his beloved Toronto Blue Jays. This podcast was recorded on April 29, 2025. Chapter Headings: 00:29 - First Take on Election Results and Future of Unelected Pierre Poilievre 09:34 - Regional Interests Take Centre Stage 13:17 - Addressing Western Canadian Demands 28:17 - Equalization Payments 36:26 - Trump and the Canadian Election 42:50 - The 90 Day Tariff Negotiation 48:00 - Back and Forth on Russia-Ukraine

In Episode 63, the focus of discussions in on two main topics: new Prime Minister Mark Carney's early days at the helm of Canada, and tariffs. Frank discusses Carney's decision to travel to Europe before the US, a move that was criticized by Saskatchewan Premier Scott Moe, and the significant downsizing of the new Liberal cabinet, a move that was sure to hurt some feelings inside the caucus. Frank provides the pros and cons of choosing Carney or Conservative Leader Pierre Poilievre to represent Canada in negotiations with President Trump, and he debunks the recent claims by former Prime Minister Stephen Harper that Carney didn’t deserve credit for Canada's response to the GFC. In the tariff discussion, Frank dismisses Trump's repeated exaggerations about trade deficits equaling some sort of subsidy provided to Canada from the US. Frank counters that the existing trade deficit is not a subsidy that costs the United States jobs, instead it is a function of our abundance of raw material inputs that the United States imports from Canada. Frank also lays to rest any notion that Canada's dairy sector is not open for business with US suppliers; in fact, the US has yet to use up more than ½ of its dairy quotas with Canada since the 2018 CUSMA agreement set new free trade supply limits. Frank finishes with some ideas for Canada's government to meet its NATO spending commitments, and his belief in the need to keep momentum moving forward with respect to the elimination of intra-provincial trade barriers. This podcast was recorded on March 17, 2025. Chapter Headings 00:25 - Friendship Day in Colorado 03:44 - Carney's Cabinet and First Trip to Europe 09:02 - Carney or Poilievre – Who is Best Positioned to Negotiate with Trump? 14:28 - Carney on Taxes 16:41 - Harper on Carney's Contribution to Canada's GFC Response 19:03 - Two East Coast Premiers Retire – is this Coincidence? 21:12 - Trump's Exaggerations Used to Justify Tariffs on Canada 28:38 - Meeting NATO Defense Spending Target 36:24 - Understanding Dairy Quotas – Not Just a Canada Issue 48:08 - Is Momentum for Removing Intra-Provincial Trade Barriers Sustainable? 50:25 - Caught in the Blue Jays Vortex…Again

In Episode 62, Frank is joined by Chris Krueger of TD Cowen's Washington Research Group to discuss the first 30 days of the Trump Administration, and the on-going trade war with Canada. Chris outlines his biggest surprises to date, including the sheer torque of rulemaking from the executive branch - he figures his team in Washington undershot the runway when it suggested Trump 2.0 would be "all gas, no break." Frank provides insights into Canada's strategy for defending itself and thinks the current alignment across the country will be key to victory against the US tariffs, but he agrees with former Prime Minister Harper in suggesting that Canadians will need to be prepared to endure some hardships through this difficult period. He also explains the meaning of Interprovincial trade barriers, suggesting that they act as a 7% tariff on goods moving from province to province. Chris also shares his biggest surprises to date in Trump's second term, including the influence of Elon Musk. Both Chris and Frank think that the right leaning Supreme Court will give Trump leeway to continue his changes in Washington but will keep some guardrails in place. This podcast was recorded on February 18, 2025. Chapter Headings 03:23 Newfoundland Premier’s “Chilling” Feedback from Trump Team 10:38 Next Steps on Canada-US Tariff Debate 15:40 Will Supreme Court Support Guard Rails for Executive Branch? 24:40 Flooding the Zone to Change the Narrative in US 31:22 Elon Musk’s Influence on Whitehouse

Episode 61 is a deep dive into Canadian politics. Frank starts by handicapping the Liberal leadership race to elect Canada's next Prime Minister, a leader whose first order of business will be filling the leadership vacuum in Ottawa as Canada fights back against tariff threats from President Trump. He reminds Canada's provincial leaders of the importance of putting aside regional differences in favor of a Team Canada approach. Frank takes listeners back to Economics 101 where he discusses the theory of comparative advantage, while suggesting that businesses on both sides of the border are holding back investment while the period of tariff uncertainty continues. He addresses the trolling by President Trump of Canada and makes a passionate plea to Americans to understand that while we are friends, we want to remain Canadian. The conversation then moves to global affairs where we discuss the Israel-Hamas peace agreement, the likely end of the Ukraine War and other potential hot spots for geopolitics, including one that is surprisingly close to home. This podcast was recorded on January 20, 2025. Chapter Headings 00:50 - The Race to be Canada's Prime Minister 06:24 - Trump Tariff Decision on Hold 10:20 - Leadership Vacuum in Ottawa 11:50 - Economics 101 – Tariffs and Comparative Advantage 14:45 - Canada's Response to the Wildfires in LA 18:12 - Governor Trudeau and Manifest Destiny 23:06 - Justin Trudeau's Legacy and Biggest Regret 26:50 - Identity Politics 30:40 - Predicting the Election Outcome 32:35 - Does the Israel-Hamas Peace Agreement Have Legs? 36:30 - The Trump Oligarchy 37:40 - Zelensky's Dealmaking with Trump 39:42 - Other Potential Geopolitical Hot Spots in 2025

Episode 60 is dominated by recent events in Ottawa, a period Frank describes as the most chaotic in his lifetime. Frank first dissects the decision by Chrystia Freeland to resign from her post as Minister of Finance prior to delivering the Liberal Government's Fall Economic Statement. He then provides an update on next steps for the Liberal Party including his expectation that Prime Minister Trudeau will resign, perhaps after his own walk in the snow. Next it is on to the important task at hand, that is preparing to confront President Elect Trump's tariff threats, a topic Frank discussed with Canada's Premiers at precisely the same time Freeland resigned. The discussion then moves to international affairs, including budget issues in Europe and South Korea, as well as the warp speed of events in Syria and the rest of the Middle East. The discussion finishes in the same place it always does, with both Frank and Peter bemoaning the state of their beloved Toronto Blue Jays. This podcast was recorded on December 17, 2024. Chapter Headings 00:50 - Freeland's Shock Resignation 07:58 - Next Steps for Trudeau's Government 12:28 - Framing Canada's Response to Trump's Tariffs 24:50 - Democracy in South Korea 27:23 - The End of Assad's Reign of Terror in Syria

Frank is back from a vacation in the Far East, and he is fired up to talk about the US Election and its implications for global geopolitics. We cover Trump's controversial cabinet picks. Frank is supportive of Marco Rubio as Secretary of State, and Rubio will have his hands full with very active global hot spots in Russia, China, and the Middle East. The conversation ends with the new US Administration's implications on Canada, including whether Canada and the USMCA will be on the inside or outside of Trump's proposed tariff wall, and timing for a Canadian election. This podcast was recorded on November 21, 2024. Chapter Headings 1:00 – Frank's Unique Take on the Election Result 5:07 - Handicapping Complex Senate Confirmations 12:16 - Elon Musk's New Role Running DOGE, the Department not the Coin 17:52 – Comparing Cabinet Appointment Process in US vs Parliamentary System 20:07 – Are We Nearing the End Game in Russia? 28:16 - The Future of USMCA and Relationship with Mexico 31:47 - The Latest on Timing for a Canadian Election

In this special edition of Geopolitics, we check in on a post-election panel discussion at the 25th Annual TD Securities Portfolio Management and Market Structure Conference. With Frank Mckenna out of the country, Geopolitics host Peter Haynes is joined by The Honorable Rona Ambrose, Deputy Chairwoman of TD Securities and Chris Krueger, Geopolitics Expert at TD Cowen's The Washington Research Group to discuss the surprising US Election results and its implications for Canada-US relations. Rona also takes time to discuss the political backdrop in Canada and potential for an election north of the border in the next few months. Chapter Headings: 1:00 – The Outstanding Races – When Will They Be Decided? 4:30 – Rona's Biggest Surprise 10:10 – The Future of USMCA and Canada's Minerals and Water 15:55 – Trump's Potential Cabinet Appointments 23:10 – Tariffs, Immigration and Ukraine 29:00 – The 411 on Pierre Poilievre 36:40 – Key Dates Until Inauguration

In Episode 57, Frank invites Chris Krueger, TD Cowen's Washington politics expert, to the podcast to discuss the upcoming November 5th US Election and key factors that will determine who wins the Presidential race. Frank explains the importance of the election outcome to Canada, noting that if Trump is true to his word (and there is no reason to doubt him), then a Republican victory would lead to a weakening (if not outright end) of multilateralism globally. While the USMCA might survive, the threat of unilateral tariffs will overhang Canada-US relations for the duration of the next Administration. We discuss down ballet Congressional votes, which according to both Frank and Chris are likely to lead to a split Congress. Chris also weighs in on the risk of outlier events disrupting the peaceful transition of power. We wrap up with Frank's take on the Federal Liberal Caucus revolt, and the likelihood that Prime Minister Trudeau stays on through the next election in Canada, especially considering incumbent defeats in provincial elections from coast to coast. Chapter Headings: 0:55 - Is the US Election the Most Consequential in History? 2:11 - Key Variables that Will Decide the Outcome 8:58 - USMCA – Threat of Unilateral Sanctions from a Trump Administration 14:07 - Will the Prime Minister Push Biden to Resolve Softwood Lumber Dispute? 16:50 - Risk of Outlier Events Disrupting Peaceful Transition of Power 27:02 - Trump Tax Breaks and Debt Ceiling 33:19 - Placing Bets on the Winner 36:28 - Liberal Caucus Revolt and Likelihood Trudeau Stays on Through Next Election

Episode 56 is a mostly Made in Canada geopolitical discussion. Frank covers the NDP decision to end its supply and confidence agreement with Prime Minister Trudeau and his Liberal Party, leading to speculation of a snap election soon in Canada. Frank handicaps the three provincial elections in Canada in October in BC, Saskatchewan and his home province of New Brunswick where it is a close race dictated by regional differences in voter preferences. As two months have passed without a decision by Trudeau to step down, it appears to Frank like the Prime Minister will stay on to lead the Liberals through the next election. Frank puts concern over border security in Quebec in perspective as minor in comparison to the southern border of the US and then finishes the conversation with US election predictions and a discussion on the disturbing escalation in tensions between Israel and Hezbollah. Chapter Headings 00:46 - NDP Ends Supply and Confidence – What is its Calculus? 03:35 - Tick Tock – Time Passes and Trudeau is Still Leader 07:52 - Handicapping Three Provincial Elections in October 13:27 - Frank Meets Liberal Cabinet on CAD-US Relations – Takeaways 18:30 - Border Security – Quebec-New York State 24:22 - Canada's Obsessions with US Politics – Is it Unhealthy? 26:38 - 40 Days Until the US Election 31:49 - Israel's Pre-Emptive Strike on Hezbollah

In Episode 55, Frank discusses Ukrainian tactics in its war with Russia, suggesting that the incursion into Russian territory and recent drone attacks are more than just bargaining chips. Crossing back to North America, we discuss the on-going love in with the Harris-Walz ticket, and the importance of Trump vs Harris on September 10. Frank downplays the significance of an RFK Jr defection to Trump's camp as it remains unclear whether the existence of RFK Jr as a third-party candidate helps or hurts the Republicans. Before we finish with our proverbial critique of the Jays, Frank offers his thoughts on the importance of public-private partnerships in fixing Canada's aging infrastructure. Chapter Headings 05:22 - Ukraine's Aggressive Move into Russia 11:14 - Democrats Control the News Cycle 18:24 - Is RFK Important to Trump? 23:57 - Trudeau's Calculus 28:20 - How to Fix Canada's Aging Infrastructure This podcast was recorded on August 21, 2024

Who says the summer is boring? In Episode 54, Frank admits there is not enough time in the day to keep up with the current geopolitical landscape. After a brief history of Frank's storied career, this month's discussion moves quickly to President Biden's decision to not seek re-election, the rise of Kamala Harris and her candidates for running mate and then pivots to Trump, Trump 2.0 (JD Vance), the assassination attempt and the Florida judge's decision to throw out the document's case on a technicality. We then switch gears to Canada where Frank offers his thoughts on the parallels between Biden's decision to not seek a second term and Prime Minister Trudeau's current dismal showing at the polls, suggesting that a decision on Trudeau's future will be made soon if he plans to end his run in 2025. We ended with a question about the possibility the new UK government will revisit Brexit, a decision Frank suggests ranks in the top 3 worst political decisions of the last half century. On the topic of separation votes, Frank discusses how he mobilized citizens of New Brunswick to join a rally in Montreal ahead of the Quebec separation vote in 1995, one of his prouder, yet nerve-racking moments as Premier. Chapter Headings: 00:30 - Frank's Storied Career 05:33 - The End of President Biden 17:44 - Trump's Eventful Two Weeks 23:42 - The Biden-Trudeau Parallels 31:28 - Will the New Starmer Government in the UK Revisit Brexit? 36:24 - Mobilizing the Citizens of New Brunswick in 1995 to Save Canada

Episode 53 is all about elections. Frank first covers the upcoming twin bill of elections on the other side of the Atlantic starring the French and English. The former coming as quite a surprise to the market, and the latter appearing to be a foregone conclusion, with the only item left to decide being the future of the UK Conservative Party which is expected to be obliterated at the polls on July 4. In France, Frank questions President Macron's calculus for calling a surprise summer election. Believing he could be holding together a centrist coalition while being threatened on both flanks, with the right-wing National Rally party occupying first place in polling, and a left-wing coalition also leading the incumbent government. We then move on to discuss two recent important elections. First, Mexico and the success of out-going leader AMLO's hand-picked successor Claudia Sheinbaum, who bucked the global trend of incumbent government disruption in other elections. Then we discuss President Modi's inability to garner a majority victory in India despite having tailwinds, including a powerful social media campaign. Finally, Frank offers his opinion on the importance of the US Presidential debates, and Trump's never-ending Apprentice-like search for his November running mate. Chapter Headings: 03:08 - Bank of Canada Rate Decision 06:18 - Frank's Hot Button Topics: Elections and Capital Gains 09:21 - Macron's Gambit 15:10 - Starmer's Steamroll in the UK 18:02 - Future of the Conservative Party 22:48 - AMLO's Protégé in Mexico 28:16 - Reining in Modi in India 33:13 - Importance of US Election Debates and Trump Running Mate This podcast was recorded on June 18, 2024.

Episode 52 takes us on a journey across several continents and covers a wide spectrum of topics. After remembering the legacy of his good friend and New Brunswick business icon Arthur Irving, who passed away recently, Frank covers the Sunak government's decision to call an early election in the U.K. and the trend toward authoritarian governments around the world, calling it a cyclical rather than secular trend. Frank checks in on new Argentine President Javier Milei's efforts to reduce the size of government and services in order to improve its financial position, a process that is complicated and requires compromise. He tells the U.S. Senators complaining to Trudeau about Canadian defense spending to stand down as the country's defense spending is moving in the right direction. Finally, he covers the U.S. election and suggests that despite his likely guilty verdict, Trump's opposition ought to change the narrative from "Trump is bad" to "Trump is going to get off". Chapters 00:37 – Canada Loses Another Business Icon Arthur Irving 05:36 – Sunak's Surprise UK Election Call 12:03 – Is the Move to Authoritarian Leaders a Secular or Cyclical Change? 15:04 – Checking in on Argentina's President Javier Milei 20:34 – Bi-Partisan Letter From Senators to Trudeau on Defense Spending 24:39 – Trump the Martyr This podcast was recorded on May 24, 2024.

n Episode 51, we circle back to Canada and focus on some of the key issues impacting our beautiful country.  After a quick discussion on the apparent de-escalation of hostilities between Iran and Israel, which Frank is hopeful is permanent, we spend most of the podcast on budget related matters.  Frank discusses the government's calculus in choosing to increase inclusion rates on capital gains over a windfall tax on food or energy companies, and then applauds the government's decision to appoint Stephen Poloz to work with Canadian pension funds on investment opportunities domestically.  He then breaks down the budget's $8.5 billion dollar commitment to housing and its increase in defense spending, a move that was greeted with applause by other NATO members, including the US.  He finishes the podcast lamenting the government's failed messaging on its carbon tax and rebate program.  On a positive note, Frank shows some in-season love to the Blue Jays for perhaps the first time in modern history. This podcast was recorded on April 22, 2024. Chapter Headings 0:52 - De-escalation in Middle East 8:22 - Ottawa Chooses Capital Gains over a Windfall Tax on Food or Energy 17:20 - Poloz on Pension Funds 25:00 - Canada Moving Closer to its 2% of GDP Target for Defense Spending 28:03 - Are We Spending Enough on Housing? 32:13 - The Failed Messaging for Canada's Carbon Tax and Rebate System

In Episode 50, Frank invite's our colleague Chris Krueger to the podcast to help our listeners navigate the next 8 months until the November US Election. We cover a lot of ground in 45 minutes, including the importance of foreign policy on the US Election, Democratic pressure on Israeli leader Netanyahu to mitigate civilian casualties, how Biden can change the narrative on the US Economy, the Octogenarian age issue of the candidates, Trump's legal woes, and the potential for third party candidates to impact the outcome of the election. Finally, Frank takes a moment to remember the legacy of his good friend, former Prime Minister of Canada Brian Mulroney. Chapter Headings The Legacy of Canada's 18th Prime Minister Brian Mulroney Importance of Foreign Policy on US Election Can Biden's Position on Israel Flip Swing States? Budget Issues: The Southern Border and Ukraine Changing the Narrative on the US Economy West, RFK Jr and Stein: The Impact of Third Party Candidates Biden's Age and the SOTU The Latest on Trump's Legal Woes This podcast was recorded on March 18, 2024 Disclaimer This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this recording was obtained from publicly available sources, has not been independently verified by TD Securities, may not be current, and TD Securities has no obligation to provide any updates or changes. All price references and market forecasts are as of the date of recording. The views and opinions expressed in this podcast are not necessarily those of TD Securities and may differ from the views and opinions of other departments or divisions of TD Securities and its affiliates. TD Securities is not providing any financial, economic, legal, accounting, or tax advice or recommendations in this podcast. The information contained in this podcast does not constitute investment advice or an offer to buy or sell securities or any other product and should not be relied upon to evaluate any potential transaction. Neither TD Securities nor any of its affiliates makes any representation or warranty, express or implied, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. To learn more about TD Securities, visit us at tdsecurities.com or follow us on LinkedIn @tdsecurities.