The Download with David Richardson

Stu Kedwell explains why portfolio managers focus on company balance sheets and scenario planning rather than reacting to tariff headlines. He discusses how rising bond yields and higher coupons are creating opportunities for investors willing to look past short-term market noise. (Recorded: September 14, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/how-portfolio-managers-navigate-market-volatility/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Eric Lascelles walks us through a strong U.S. jobs report and a choppy Canadian one. He shares his outlook on tariffs, inflation, and where interest rates may head. (Recorded: September 11, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/jobs-tariffs-and-rate-decisions-across-borders/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell weighs the forces pulling markets in different directions this September. He shares practical tools like dividend investing and dollar-cost averaging to help investors stay on plan and build long-term wealth. (Recorded: September 2, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/finding-your-footing-in-shifting-markets/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Steve Pitts joins us to make sense of bond market headlines that have everyone talking. We dig into why longer-term government bond yields moved while shorter rates held steady, how tech companies borrowing billions affects the market, and why spread levels remain surprisingly tight despite fiscal concerns. (Recorded: September 2, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/bond-market-moves-decoded-for-investors/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Eric Lascelles unpacks how tariffs, inflation, and rising bond yields test a $40 trillion U.S. debt load. Eric then weighs the real risks against the opportunities ahead. (Recorded: August 27, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/trade-tensions-rising-bond-yields-and-the-ticking-debt-clock/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Rob Cavallo and Marcello Montanari dive into cancer vaccine breakthroughs, the potential of AI in drug discovery, and the software sector’s recent revival. They also unpack data centre buildout risks, robotics advances, and what it all means for investors. (Recorded: August 26, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/inside-the-breakthroughs-reshaping-health-care-and-technology/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell unpacks the breakdown in U.S.-Canada trade talks and the ripple effects of new tariffs on the Canadian dollar and economy. He then walks through rising bond yields, record U.S. debt, and the growing competition for capital between governments and AI builders, providing practical ways to balance fixed income and stocks as markets shift. (Recorded: August 25, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/trade-talks-tariffs-and-rising-bond-yields/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

David Tron breaks down the AI buildout and the forces driving markets this year. He explores hyperscaler spending, the demand uncertainty behind the volatility, and how competition from China and Meta could shift the landscape. (Recorded: August 20, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/from-ai-spending-to-market-shifts/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Scott Lysakowski unpacks a standout earnings season and the positive operating leverage driving profits across the market. He also explains what early AI investment might mean for margins, and why market breadth could signal real strength beneath the surface. (Recorded: August 18, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/earnings-strength-and-the-breadth-behind-canadian-equities/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell unpacks the key discussions from the latest RBC GAM Investment Strategy Committee meeting. He also explores the economic outlook, opportunities in fixed income, and where AI spending could take markets next. (Recorded: August 14, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/behind-the-scenes-of-investment-strategy/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Eric Lascelles analyzes the latest U.S. and Canadian jobs reports and what they signal about economic health. We explore why the U.S. lost jobs but markets reacted positively, how Canada's strong employment gains reflect economic momentum, and what persistent Middle East tensions mean for inflation ahead. Eric explains why bad news can be good news when markets fear overheating. (Recorded: August 12, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/august-jobs-report-reveals-diverging-trends/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell unpacks the risks of leverage and the lessons from recent market disruptions. He explains why a strong financial plan helps investors stay steady through market swings. (Recorded: August 10, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/leverage-volatility-and-the-power-of-a-financial-plan/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

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 process. (Recorded: August 4, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/commercial-real-estate-and-the-canadian-advantage/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

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 hidden opportunities in this environment despite the uncertainty. (Recorded: July 29, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/beneath-the-surface-of-todays-market/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

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 transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/reading-the-market-through-oil-yields-and-ai-capital-allocation/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

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 portfolio. (Recorded: July 23, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/from-pipelines-to-data-centres-inside-canadas-energy-transformation/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell breaks down how to balance quality and momentum in a market shaped by sharp rotations, AI spending shifts, and signals from U.S. bank earnings. (Recorded: July 20, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/the-difference-between-momentum-and-quality/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Sarah Riopelle joins Dave to share her mid-year outlook on stocks, bonds, and the Iran war's impact on markets. She makes a clear case for diversification and explains recent activity within the portfolios. (Recorded: July 14, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/how-tactical-thinking-wins-in-volatile-markets/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Scott Lysakowski joins us for a mid-year review of Canadian markets and what's ahead. We explore why gold stocks corrected despite still-high prices, how energy companies remain profitable even as oil settles and what's driving bank stocks. Scott explains why earnings growth matters more than multiple expansion and shares his optimistic outlook for Canada's role in global energy markets. (Recorded: July 14, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/whats-powering-canadas-equity-markets-now/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Chief Economist Eric Lascelles joins us to interpret confusing employment data from the U.S. labour market. We dig into why hospitality jobs dropped during the World Cup, how tech companies are cutting workers while data centres boom, and what this all means for interest rates ahead. This conversation reveals why looking at trends matters more than any single report. (Recorded: July 3, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/when-job-numbers-dont-add-up/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested