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In this episode, Ben and Dan take a deep dive into covered call strategies—popular ETFs often marketed on their eye-catching distribution yields. While these products promise steady “income,” the reality is more complicated. Drawing on recent research from the Journal of Alternative Investments (“A Devil's Bargain: When Generating Income Undermines Investment Returns”), Ben and Dan unpack why covered calls often reduce expected returns, cap the upside of equities, and leave investors fully exposed to the downside. They explain how covered calls work, why yields are misleadingly presented as “income,” and why long-term investors may find themselves worse off over time compared to simply holding equities or combining equities with cash. The conversation covers live fund performance, behavioral biases that drive demand for yield, and the rise of extreme products like single-stock covered call ETFs with 40%+ “yields.” While covered calls may offer psychological appeal for investors who crave distributions, the evidence shows they often deliver lower total returns, higher costs, and asymmetric risk. If it sounds too good to be true, it probably is—and nowhere is that clearer than in the world of covered call ETFs. Key Points From This Episode: (0:01:09) Why “14% yield” claims on covered call funds are misleading. (0:02:35) Revisiting covered calls: “A Devil's Bargain” and new research insights. (0:05:24) The deep-seated investor preference for income—and how fund companies exploit it. (0:10:10) What a call option is and how it caps upside while leaving downside intact. (0:14:53) Why selling calls lowers expected returns and distorts stock return patterns. (0:20:25) The volatility risk premium: theory versus retail investor reality. (0:22:17) How crowded trades since 2011 erased much of the benefit of covered calls. (0:24:56) Why stocks' mean reversion makes covered calls especially damaging for long-term investors. (0:28:11) The illusion of “income”: distributions versus true total returns. (0:34:41) Evidence from live funds: BMO utilities and banks covered call ETFs. (0:40:53) Underperformance across rolling periods—covered calls vs. their underlying. (0:46:17) JEPI and cult-like covered call products: big marketing, poor long-term results. (0:47:36) The rise of single-stock covered call ETFs—and why they're worse. (0:53:45) Higher costs: MERs and trading expenses add to the drag. (0:57:25) Why marketing yields as “income” is financial BS. (0:58:47) Final verdict: covered calls are more likely to harm than help investors' outcomes. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemindRational Reminder on TikTok — www.tiktok.com/@rationalreminder Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Dan Bortolotti — https://pwlcapital.com/our-team/ Dan Bortolotti on LinkedIn — https://ca.linkedin.com/in/dan-bortolotti-8a482310 Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)
Alex (ex-BMO investment banker turned founder) shares how Futr.network is flipping the ad/data model with AI agents that pay you for training them. We dig into why the Web2 barter economy (free services for your data) is collapsing, how zero-party data and a data supply chain can route value back to consumers and data contributors (think: mortgage brokers, lenders), and why agentic advertising will disrupt Google/Meta style targeting.Timestamps[00:00] “Time for a new data model” — agents that pay you for training data [00:01] Alex's path: BMO (M&A → FIG → Digital Assets), fund, stables, now AI agents [00:03] What's broken: Web2 barter system, cookies/pixels, hidden training sets [00:05] Futr.network: self-sovereign AI agent + incentives for data contributors [00:06] Mortgage example: underwriting pack → agent training → recurring royalties [00:09] Why prior “get paid for your data” failed; why now works (AI agents = $$) [00:15] KPIs: users, dollars on rails, brand demand for zero-party data[00:16] Beachhead: auto loans (optimize payments, save interest, set-and-forget) [00:18] Rails: bank links, credit/debit, embedded wallet, stablecoin payments [00:19] Next verticals: mortgages, student loans; beyond finance → life data [00:21] What most miss about AI: it ran Web2 behind the scenes for years [00:24] High-fidelity AI: no hallucinations when money moves; enterprise-grade stacks [00:28] AI × crypto: machine-speed decisions need machine-speed value settlement [00:30] Data supply chain (like music royalties) via blockchain micropayments [00:32] The disruption: agentic advertising eats digital ads in 3–5 years [00:33] The ask: brands & enterprises; network effects; just raised $5.1M; more to come [00:37] Beta access coming; train your agent, earn tokensConnecthttps://futrnetwork.com/https://www.linkedin.com/company/thefutrcorporation/https://www.linkedin.com/in/alex-mcdougall-290b0b39/DisclaimerNothing mentioned in this podcast is investment advice and please do your own research. Finally, it would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend.Be a guest on the podcast or contact us - https://www.web3pod.xyz/
In this episode, Andrew Wallace, part of BMO's Government of Canada bond trading team, joins me to discuss our expectations for next week's Bank of Canada policy announcement, takeaways from my recent trip to London, front end curve dynamics, the outlook for the yield curve, and our favourite trade ideas. As always, all feedback is welcome.
The energy transition bears risks but also brings opportunities for investors. That insight drove the conversation led by Jayen Veerapen, Senior Advisor with the BMO Climate Institute, with Pooja Khosla, CEO of Entelligent, a developer of analytical tools to help the financial industry understand the future impact of climate change and energy transition. Also joining to discuss BMO's collaboration with Entelligent was Fabrice Tenga, Managing Director and Head of Equity Derivatives Financial Engineering, BMO Capital Markets. “Every company is either a producer of energy or a user of energy. So, energy transition, yes, it impacts power companies, utility companies, but it also impacts technology companies that have a strong demand or use that energy component. It also impacts strongly the finance sector, because the funding of these companies is coming from the finance sector. So, we live in a very interconnected ecosystem of energy,” said Khosla.
The gang is here to recap #CanMNT thumping of Romania, review the game weeks of the CanPL and the NSL, talk some Canadian media news, Olivia Smith scores a banger, preview Canada v Wales, #TFClive v New England and some malarkey. In this episode Kristin encourages people to watch the highlights of a game bereft of them, Mark made a bullshit guess last week that turns out was correct and Duncan makes a very good argument for an odd number of teams.
James "Jim" Downing is a seasoned compliance professional with over 25 years of experience in the broker-dealer and investment advisory industry. Currently serving as the Chief Compliance Officer of JLL Securities, Jim has held similar roles at esteemed organizations such as Morningstar, Aon, BMO, and JP Morgan. Prior to his corporate positions, Jim worked as a FINRA examiner at the Chicago District Office for 5 years, gaining valuable insights into regulatory compliance. Jim has his Juris Doctorate with honors from Taft Law School and a Masters of Accounting with honors from Roosevelt University.Connect with James: https://www.linkedin.com/in/jamesrdowning/
Some people love the structure, others say it wrecks work-life balance - new data from Angus Reid says nearly 50% of Canadians think federal workers should be forced back into the office. Nearly the same number of people disagree. This is after major major banks like BMO and RBC have mandated up to four days a week in-office. Ontario's public service is following suit, with full-time office returns expected by January. Employers say it's about collaboration, creativity and mentorship. But some workers aren't convinced. For them, remote work offers flexibility, autonomy and time with family. Our question: Should employers be able to force workers back into the office? What is lost when we work from home?
All new Vocal Minority Podcast, Ep. 542, with special guest Gentleman James Grossi joining us to discuss a recap of #TFClive v Montreal, NSL and CanPL game weeks, talk some Leagues Cup final, plenty of transfer window news, some #CanMNT news and rosters and a preview their friendly vs Romania, and malarkey. In this episode Mark is actually relieved as he looks at bigger goals, Kristin has her weekly praise of the NSL and James just classes up the place in general.
Ben Grant and JB are here to get you through Toronto's second bye week of the 2025 season - one that couldn't have come at a better time. At the heart of this episode is the looming quarterback question: Nick Arbuckle is on a six-game tear, completing 74% of his passes for 2,137 yards, 14 touchdowns, and just two interceptions - a pace that would put him in Doug Flutie territory over a full season. But Chad Kelly has teased his return on Instagram for Toronto's next game. If he's healthy, is there a debate to be had about who gives Toronto the best chance to win? The guys dig into what's fueling Arbuckle's hot streak, Kelly's intangibles, and whether Coach Dinwiddie risks upsetting team chemistry with an abrupt switch. They also set the table for the final six games of the year, including a playoff path that runs through Saskatchewan and Calgary. Off the field, the Argos announced a special tribute: on September 13th vs. Edmonton, the team will honour John Candy, with the first 5,000 fans at BMO receiving a commemorative t-shirt. Ben and JB share memories of Candy's legacy as an owner and a Canadian icon. Plus, as always: Pick Six, Put Me Down for 20, and Challenge Flag.
S5E43 - Root Beer guys steers us in a bit of a noir direction, without detective BMO this time around. Banana guards do what they can to bust up his chops, but ya can't keep a root beer guy down.
Canada invented ETFs — but how did they grow into a trillion-dollar force, and where are they headed next? Pierre Daillie sits down with BMO ETF leaders Alain Desbiens and Tammy Cash to reveal the untold stories, the lessons learned, and what the future holds for advisors and investors.Episode SummaryIn this in-depth conversation, Pierre Daillie is joined by Alain Desbiens, Vice Chair at BMO ETFs, and Tammy Cash, Director of Distribution Strategy at BMO ETFs and Global Co-President of Women in ETFs. Together, they trace the remarkable journey of exchange-traded funds in Canada—from their early days as a disruptive upstart, to their current role as an essential building block in portfolio construction.Alain shares candid reflections on being one of BMO's first ETF wholesalers and the skepticism he faced when ETFs were dismissed as a “trend.” Tammy recalls her path into the industry, her passion for democratization of investing, and her leadership in Women in ETFs, a global movement empowering women across financial services.The discussion covers the resilience it took to build the industry, the role of education and advisor partnerships, and how tools and technology are reshaping the advisor-client experience. Both leaders also look ahead to 2030, envisioning an ETF marketplace that is larger, more competitive, and increasingly shaped by innovation in active strategies, alternatives, and digital distribution.This is more than a story about the ETF industry — it's about people, purpose, and the power of advice.
Send us a textSan Diego FC travels to BMO to take on LAFC at home for the very first time. Also a first, Son Heung-min will play on that beautiful home pitch!
BMO's transportation unit is a bellwether for credit and lending conditions in trucking. The bank's loan book dipped to $13.67 billion in Q3, the lowest since early 2023, and while write-offs are down, provisions for potential credit losses and gross impaired loans remain significantly higher than pre-downturn levels. Canada Post has significant labor issues, which led to its largest-ever pre-tax loss of US$294 million in Q2 2024 due to a 36.7% plummet in parcel revenue. This decline was largely driven by uncertainty from a prolonged labor dispute, pushing shippers to private carriers and highlighting the high cost of instability. On the innovation front, we cover the expanded integration between Motive and Fleetio in fleet management technology. This partnership centralizes fuel, maintenance, and telematics data for fleet operators, automating workflows and providing crucial visibility into costs that can comprise up to 75% of operating budgets. Freight rates have taken a considerable dive, with Asia-to-U.S. spot rates falling 60-70% since a July frontloading surge. This is attributed to increased vessel capacity, limitations within U.S. Customs' IT systems, and carriers actively shifting vessels to avoid new punitive port fees on Chinese-linked ships. Cross-border trade policy is changing, specifically the surging use of USMCA claims among Canadian and Mexican imports into the U.S.. This increase is prompted by new 50% tariffs on numerous products containing steel, aluminum, or copper, making compliance vital for managing costs despite administrative burdens and documentation requirements. Learn more about your ad choices. Visit megaphone.fm/adchoices
Angel City's Wild Win & Bay FC Showdown! | Chaos, Clean Sheets & LA VibesIt's Mario and Angela! We're still riding high after Angel City's dramatic win over Orlando Pride (Alyssa Thompson, take a bow) and sharing all the fun and chaos from the season ticket holder event—sweat, shenanigans, and surprise shoutouts included. Now we're looking ahead to a big home clash: Angel City FC vs Bay FC at BMO. Bay's coming in hungry, but we're hoping to keep the good vibes (and clean sheets) rolling. Hit follow, support the pod, and let's get loud for LA!
BMO's transportation unit is a bellwether for credit and lending conditions in trucking. The bank's loan book dipped to $13.67 billion in Q3, the lowest since early 2023, and while write-offs are down, provisions for potential credit losses and gross impaired loans remain significantly higher than pre-downturn levels. Canada Post has significant labor issues, which led to its largest-ever pre-tax loss of US$294 million in Q2 2024 due to a 36.7% plummet in parcel revenue. This decline was largely driven by uncertainty from a prolonged labor dispute, pushing shippers to private carriers and highlighting the high cost of instability. On the innovation front, we cover the expanded integration between Motive and Fleetio in fleet management technology. This partnership centralizes fuel, maintenance, and telematics data for fleet operators, automating workflows and providing crucial visibility into costs that can comprise up to 75% of operating budgets. Freight rates have taken a considerable dive, with Asia-to-U.S. spot rates falling 60-70% since a July frontloading surge. This is attributed to increased vessel capacity, limitations within U.S. Customs' IT systems, and carriers actively shifting vessels to avoid new punitive port fees on Chinese-linked ships. Cross-border trade policy is changing, specifically the surging use of USMCA claims among Canadian and Mexican imports into the U.S.. This increase is prompted by new 50% tariffs on numerous products containing steel, aluminum, or copper, making compliance vital for managing costs despite administrative burdens and documentation requirements. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Moose on The Loose helps Canadians to invest with more conviction so they can enjoy their retirement. Today, we are talking about BMO and Scotiabank (BNS.TO) strong quarter. Double-digit earnings growth! Don't know why a stock is or Up or Down? Avoid price confusion! A simple framework to judge if you should sell, hold or buy! Register my free webinar to get rid of paralysis by analysis: https://moosemarkets.com/webinar It's all about dividend growth investing! Get the 20 income products guide for retirees: https://retirementloop.ca/retirement-income/ Get your Investment roadmap: https://dividendstocksrock.com/roadmap Download the Rockstar list here: https://moosemarkets.com/rockstars
The gang is here for a bit of a catchup, including recapping #TFClive vs Atlanta and Columbus, V-Cup first legs, #CanPL and NSL match week reviews, Toronto signings of both funny money and people, preview Toronto v Montreal, and so much other stuff and malarkey. In this episode Duncan warns that his laptop was about to die and then it did, Mark has no faith in Ottawa in doing their part and Kristin threatens Duncan about arguing in person.
Canada's economy has had a wild ride this year—but is it as bad as it seems?In our latest episode, BMO Chief Economist Douglas Porter returns to break down the numbers behind the headlines. From inflation and interest rates to the surprising strength of domestic tourism, Porter shares insights that every small business owner should hear.
My DEAR friend B Mo the Prince (@BMothePrince) is back to talk about some of the craziest haters we have experienced online. There are many things the general public does not understand about content creators, and TROLLS are by far the most common, exhausting, but also low key hilarious. We never cease to be surprised by the new insults random strangers will throw at people they have never met before... it is WILD! Start your $1 per month trial at https://www.shopify.com/rebecca Follow Rebecca: @rrogersworld To watch the podcast on YouTube: https://bit.ly/RebeccaRogersYouTube Don't forget to subscribe to the podcast for free wherever you're listening or by using this link: https://bit.ly/WouldYouBelievePodcast If you like the show, telling a friend about it would be amazing! You can text, email, Tweet, or send this link to a friend: https://bit.ly/WouldYouBelievePodcast Learn more about your ad choices. Visit podcastchoices.com/adchoices
In a market climbing a wall of worry, Alfred Lee, Deputy CIO at Q Wealth Partners, breaks down what's really driving resilience in equities, the pitfalls of the 60/40 portfolio, and why private markets may hold the key to asymmetric opportunities.SummaryAlfred Lee, Deputy Chief Investment Officer at Q Wealth Partners, joins us for a deep dive into the future of portfolio construction, the limitations of legacy models, and the overlooked opportunities in private markets.With over two decades of experience—from building BMO's ETF platform from the ground up to shaping Q Wealth's investment platform—Alfred brings a candid, data-driven perspective on how advisors can navigate today's uncertain environment.Our conversation ranges from the rise of independence in Canada's wealth management industry, his role as Deputy CIO at Q Wealth Partners, one of Canada's leading independent advisor platforms where he has been for almost one year, to his views on navigating markets in the context of the push-pull dynamics between fiscal expansion and monetary caution. Alfred also shares his conviction that investors need to evolve beyond the traditional 60/40 and embrace a more diversified, resilient approach—one that integrates private equity, private debt, and liquid alternatives alongside public markets.This is a must-listen for advisors and investors looking to position portfolios for an era where fundamentals matter again, resilience is paramount, and opportunity often lies beyond the obvious.4 Key TakeawaysThe rise of independence in wealth management – Q Wealth is at the forefront of Canada's RIA-style movement, offering turnkey infrastructure for advisors seeking freedom from traditional institutions.Markets priced for perfection – Equity markets may look overvalued, but earnings surprises suggest valuations could be less frothy than they appear. Still, risks such as tariffs, inflation, and geopolitical uncertainty loom large.Beyond the 60/40 portfolio – Traditional models fail in inflationary regimes; resilient portfolios now require privates and alternatives alongside equities and bonds.Asymmetric opportunities – The most compelling upside lies in private markets and alternative strategies, where strong due diligence can unlock alpha inaccessible in public markets.Timestamped Chapters00:00 – Introduction to Alfred Lee and his career journey02:00 – Q Wealth's model and the rise of advisor independence in Canada08:30 – Freedom in strategy: private pools, ETFs, and broader exposures14:00 – Defining success at an independent platform15:30 – Market outlook: resilience, risks, and equity momentum24:00 – Fiscal expansion vs monetary caution: Powell vs Trump33:00 – Valuations, earnings, and the search for asymmetric returns39:00 – Private equity, private debt, and the power of secondaries45:00 – Why the 60/40 model is outdated50:00 – The case for alternatives and diversification52:00 – Closing reflections and key lessons#InvestmentStrategy #WealthManagement #QWealth #AlfredLee #InsightIsCapital #MarketOutlook #PortfolioConstruction #PrivateMarkets #Alternatives #ETFInvesting #6040Portfolio #FinancialAdvisors
The Clean Truck Partnership has taken another significant blow, as four major truck manufacturers agreed with the FTC not to comply with the deal's zero-emission goals and settled a multi-state lawsuit. These actions effectively dismantled the CTP, which sought to push truck fleets toward a zero-emission future, especially after federal action eliminated waivers for California's related clean truck rules. The latest report from Cass Information Systems revealed that freight volumes fell faster in July, marking a three-month sequential decline and the largest year-over-year drop since January. Despite the slump in volumes, freight expenditures showed a positive trend for the fourth consecutive month on a year-over-year basis, indicating complex shifts in the freight market. BMO, a prominent lender to the trucking industry, is reportedly exploring the sale of its transportation finance business, with a potential sales price of around $1 billion. This unit's quarterly reports have historically provided valuable, granular data on the trucking industry's health, including insights into impaired loans and overall credit conditions. For more in-depth analysis, be sure to tune into FreightWaves TV for WHAT THE TRUCK?!? live at noon, or catch the replay on SiriusXM channel 146. You can also sign up for upcoming events like F3 and the Cross Border Summit at live.freightwaves.com, using the code MORNINGMINUTEF325 for a discount. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Clean Truck Partnership has taken another significant blow, as four major truck manufacturers agreed with the FTC not to comply with the deal's zero-emission goals and settled a multi-state lawsuit. These actions effectively dismantled the CTP, which sought to push truck fleets toward a zero-emission future, especially after federal action eliminated waivers for California's related clean truck rules. The latest report from Cass Information Systems revealed that freight volumes fell faster in July, marking a three-month sequential decline and the largest year-over-year drop since January. Despite the slump in volumes, freight expenditures showed a positive trend for the fourth consecutive month on a year-over-year basis, indicating complex shifts in the freight market. BMO, a prominent lender to the trucking industry, is reportedly exploring the sale of its transportation finance business, with a potential sales price of around $1 billion. This unit's quarterly reports have historically provided valuable, granular data on the trucking industry's health, including insights into impaired loans and overall credit conditions. For more in-depth analysis, be sure to tune into FreightWaves TV for WHAT THE TRUCK?!? live at noon, or catch the replay on SiriusXM channel 146. You can also sign up for upcoming events like F3 and the Cross Border Summit at live.freightwaves.com, using the code MORNINGMINUTEF325 for a discount. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, Adam Whitlam, part of BMO's Canadian institutional fixed income sales team, joins me to discuss the persistent richness of credit spreads, North American inflation dynamics and the divergence in how the BoC and Fed are reacting, as well as an update on what's topical in fixed income markets. As always, all feedback is welcome.
The power grid in North America, which is already complex, is seeing demand rise for low-cost and emissions-free electricity. In this episode of Sustainability Leaders, Stephen Uwazota, Director of Sustainable Finance and Clean Energy at BMO, discusses ways in which long-term energy storage solutions can help improve grid resilience. His guest on the show, Curtis VanWalleghem, CEO of Hydrostor, has an innovative and cost-effective approach to the solution--advanced compressed air energy storage. All it takes is air, rocks, and water.
Nelson Switzer, Co-founder and Managing Partner at Climate Innovation Capital, a venture fund, believes that it is an exceptionally good time to invest in climate tech solutions. He recently wrote a book that outlines his investment approach entitled The Gigahorn Hunter: Seven Principles for a Climate Investor. In this episode of Sustainability Leaders, Michael Torrance, Chief Sustainability Officer at BMO, discusses Nelson Switzer's investing approach, investment trends, and opportunities that he has identified in the climate tech space.
Travis, Darren and Vince react to one of the weirdest LAFC matches ever, their second Leagues Cup Match, and a win(ish) on PKs thanks to Hasal coming up huge in net, after two red cards were handed out over thee course of the match by one of the worst referees to ever step on the pitch at BMO. Join our Patreon and help us keep making this show.Merch and more at HappyFootSadFootPod.comYouTube: @happyfootsadfoot Twitter: @HaFoSaFoInstagram: @happyfootsadfootTikTok: @happyfootsadfoot Hosted on Acast. See acast.com/privacy for more information.
Send us a textLAFC kicks off their 2025 Leagues Cup action with a match vs. Mazatlan FC at BMO!
In the latest episode of Sustainability Leaders, Michael Torrance, Chief Sustainability Officer, BMO, sits down with Michael Jantzi, a Member of the International Sustainability Standards Board (ISSB), to discuss the evolution of sustainability disclosures and standards and what both preparers and investors can expect for the future.
The gang is here to recap a 'performance' for #TFClive vs Charlotte, Mark goes to Halifax to review Hamilton's win out east, recap of the game weeks in the #CanPL and the NSL, Vancouver FC gets a new coach, TFC make some moves (largely unexciting), World Cup 2026 talk and the usual malarkey. In this episode Duncan points out that the injury reports have a lot of excess information, Kristin butchers Hugo's name (probably again, sorry) and Mark can get behind a rebranded Lower Mainland FC.
In this episode of Mining Stock Daily, Trevor Hall sits down with Gilbert Clark from Meridian Mining to discuss their recent $50 million Canadian financing. This significant move, supported by major players like Beacon, BMO, and Stiefel, marks a pivotal moment for Meridian as they aim to advance the Cabaçal project. With the financing oversubscribed and no warrants issued, the funds will bolster exploration and development, positioning Meridian for future growth.
In April, Microsoft signed one of the largest carbon removal deals to date with CO280, a leading developer of large-scale carbon dioxide removal (CDR) projects. In this episode of Sustainability Leaders, Angela Adduci, Senior Advisor with the BMO Climate Institute, moderates a discussion with two of the cofounders of CO280, Jonathan Rhone, who is CEO, and Natalie Khtikian, who is Chief Commercial Officer. They are also joined by Tansy Stobart, VP of Carbon Trading at BMO. Their conversation covered CO280's approach to the CDR market and how they are applying lessons from early successes with a sharp focus on execution to scaling the market further.
The gang is here to recap #TFClive vs San Diego and Nashvillle, look ahead to a match v Charlotte, game week reviews of the NSL and #CanPL, NSL grand final to take place at BMO Field and the usual malarkey. In this episode, Mark openly admits to being spoiled by the footy, Duncan makes a drink (sounds delightful), and Kristin accused TFC of having a 'short bench' (but it's true so it isn't mean spirited).
Send us a textLAFC and Carson played for the 26th time on Saturday, and this one, for Black and Gold Faithful, may have been the most frustrating yet. Despite twice holding a 2-goal lead, LAFC had to settle for a point in a 3-3 draw as Galaxy scored at the death.Denis Bouanga did all he could while he was on the pitch, scoring twice to move within 6 of Carlos Vela all-time. Gabriel Pec added a brace of his own, and a last-second header by Maya Yoshida forced both sides home with a point. A red card for Eddie Segura in stoppage certainly complicates matters for the home side in their next match against Portland. Also on this episode, Bone Thugs and Harmony make an appearance at BMO! Enjoy Episode 372.
Send us a textLAFC "welcomes" Carson to BMO in an effort to put the final nail in their 2025 regular season coffin.
What does it take to go from immigrant outsider to one of Canada's most prolific entrepreneurs and a globally recognized educator? On this episode of The Unlimited Podcast, Brian Ginsler speaks with Reza Satchu — serial founder, Harvard Business School professor, co-founder of NEXT Canada, and Managing Partner at Alignvest Management Corporation. Reza's journey is remarkable: from arriving in Canada with little more than ambition, to founding and selling multiple businesses worth billions, to now shaping the next generation of entrepreneurs at Harvard Business School and across Canada.In this episode, you'll hear about:Reza's origin story — including the unconventional parenting, early discomfort, and tight-knit family values that shaped his drive.The real story behind five businesses Reza founded — including Alignvest Student Housing and KGS Alpha (sold for $1.7B and $400M+ respectively).His transformative teaching at HBS — including the groundbreaking Founder Launch course, where students can only enroll if they agree not to pursue full-time job recruiting.Why judgment is the most important skill in the age of AI — and how we should change how we teach students and our children.A candid take on Canada's economic standing — and what it will take for this country to compete on the global stage.This episode is essential listening for anyone interested in entrepreneurship, education, AI, or Canada's future. Reza brings wisdom, candor, and hard-earned perspective — and we're thrilled to share it.Reza Satchu is a renowned Canadian entrepreneur, investor, and educator whose career exemplifies innovation, resilience, and impact. He's the Founder and Managing Partner of Alignvest Management Corporation, a private investment firm known for several high-profile exits, including KGS Alpha (sold to BMO) and Alignvest Student Housing (sold for over $1.7 billion). Reza is also a Senior Lecturer at Harvard Business School, where he teaches acclaimed courses such as The Entrepreneurial Manager and The Founder Mindset, inspiring the next generation of global business leaders. Beyond academia, he serves as the Founding Chairman of NEXT Canada, a nonprofit that has launched over 500 ventures and raised more than $3 billion in equity capital, solidifying his role as a leading force in Canadian innovation and entrepreneurship.Born in Mombasa, Kenya and raised in Toronto, Reza immigrated to Canada with his family at age seven and went on to earn a BA in Economics from McGill University and an MBA from Harvard Business School. His professional journey from overcoming early adversity to founding and scaling billion-dollar businesses, offers a powerful blueprint for entrepreneurial success. He has been recognized with prestigious accolades including Canada's “Top 40 Under 40” Award, the McGill University Management Achievement Award, and the King Charles III Coronation Medal.Timestamps:0:00 Disclaimer & Intro3:43 Growing up as a Canadian immigrant8:38 Reza's path to HBS13:05 Founding businesses after Harvard22:05 Reza's "trick" to founding31:26 What is "Founder Launch"?40:16 Reza's thoughts on AI for founders45:21 What should Canada be doing?52:02 What AI tool is helping Reza the most?55:19 OutroYou can find more information about Reza's Founder Launch class in this article: https://www.harbus.org/post/founder-launch-a-push-to-redefine-entrepreneurship-at-hbsYou can read more about one of Reza's successful students referenced in the podcast here: https://news.harvard.edu/gazette/story/2025/05/after-flying-apaches-she-needed-a-new-challenge/
In this episode, Chris D'Onofrio, one of BMO's Canadian dollar swap trades, joins me to discuss the outlook for the Bank of Canada, whether the front end has cheapened enough, and the potential path for the yield curve and swap spreads. As always, all feedback is welcome.
Welcome to the Financial Freedom & Wealth Trailblazers Podcast! In today's episode, we're talking about how to create financial wellness without having to pay the bank.Jean Paul Nyereka is a licensed financial professional and the creator of the Financial Wellness Score, a groundbreaking tool designed to help families take control of their money and their mindset. After surviving the Rwandan genocide and spending years as a refugee in East Africa, Jean Paul arrived in Canada and built a 12-year banking career with RBC and BMO—rising through the ranks with seven promotions and earning his CPA designation in 2015.Through his company, Pocketbook Wellness, Jean Paul now works to close financial service gaps for households that are often overlooked—especially families with children and those without $1M in investable assets. He is a trusted media contributor on CBC, CTV, Rogers, and Global TV, known for making financial topics relatable, inclusive, and actionable.You can call me JP!Connect with Jean Here: https://www.instagram.com/pocketbook_wellness/https://www.linkedin.com/in/jpnyereka/https://pocketbookwellnessco.com/Grab the freebie here: https://myfinancialwellnessscore.scoreapp.com/===================================If you enjoyed this episode, remember to hit the like button and subscribe. Then share this episode with your friends.Thanks for watching the Financial Freedom & Wealth Trailblazers Podcast. This podcast is part of the Digital Trailblazer family of podcasts. To learn more about Digital Trailblazer and what we do to help entrepreneurs, go to DigitalTrailblazer.com.Are you a coach, consultant, expert, or online course creator? Then we'd love to invite you to our FREE Facebook Group where you can learn the best strategies to land more high-ticket clients and customers. QUICK LINKS: APPLY TO BE FEATURED: https://app.digitaltrailblazer.com/podcast-guest-applicationDIGITAL TRAILBLAZER: https://digitaltrailblazer.com/
Aaron Long is out, Gio Reyna (?) is in, and El Tráfico comes back to BMO. Travis, Darren, and Vince are here to break down everything you need to know about this week's powerhouse double header, against a very good Minnesota team and a terrible Galaxy team that is certain to play their best game of the season. We'll talk what it means to lose Long, what transfer rumors excite us most, and finally get to the bottom of what is bigger than Riqui Puig. It might just be Darren's most difficult editing job yet!Want to skip the banter? Go to 8:02!Join our Patreon and help us keep making this show.Merch and more at HappyFootSadFootPod.comYouTube: @happyfootsadfoot Twitter: @HaFoSaFoInstagram: @happyfootsadfootTikTok: @happyfootsadfoot Hosted on Acast. See acast.com/privacy for more information.
For Amazon Web Services (AWS), Amazon's cloud computing business, everything is on the table as far as adoption of clean energy sources and use of energy storage solutions to meet its ambitious goal of becoming net-zero carbon by 2040. Michael Torrance, Chief Sustainability Officer at BMO, hosts this episode of Sustainability Leaders with his guest Chris Walker, Director of Sustainability, AWS. They discuss AWS' efforts at energy efficiency, nuclear power procurement, and the company's goal to be water positive by 2030.
The gang is here to recap #TFClive vs Atlanta United, preview their match away to San Diego, recapping the #CanPL and NSL match weeks, a Canadian smashes a transfer record, recap Voyageurs Cup quarterfinals, and the usual malarkey. In this episode Kristin postulates whether Benoit Cheyrou was in town or not, Mark explains a Forge player, and Duncan starts us down a regrettable rabbit hole which none of us could predict the outcome.
LAFC welcomes an FC Dallas club who has lost 5 straight at BMO!
LAFC saw three welcome sights stroll into BMO Stadium, as Giorgio Chiellini, Hello Kitty, and the Colorado Rapids made their way to the BMO! LAFC would pummel the Rapids, 3-0, behind Denis' 83rd and Dilrosun's 1st, amidst a sea of plush kittens.Also on this pod, Filly swears. We're sorry. Well, at least Scarf is. Laff joins us, and apparently, he's the new conductor of the Martinez Motorcade. All aboard!
In this episode of Sustainability Leaders, Michael Torrance, Chief Sustainability Officer, BMO sits down with Vanessa Miler-Fels, Vice President of Climate and Environment at Schneider Electric. They discuss Schneider Electric's plans to achieve net-zero by 2050, the company's commitment to sustainability and lessons other companies can adopt from its early successes.
The gang is here to recap #TFClive vs NYCFC, #CanWNT vs USWNT, Gold Cup recap, #CanPL week recap, NSL news, yet another #CanMNT friendly announced, David to Juventus, Voyageur Cup predictions, preview TFC vs Atlanta, and some degree of malarkey. In this episode, Mark pre-apologizes and clarifies to multiple former guests as not to misconstrue his own words (and the taste of his own foot), Duncan leads you down one path then picks Winnipeg and Kristin is only half disappointed at the Italian departures.
This episode of Sustainability Leaders is from BMO's Markets Plus podcast and hosted by Caroline Donlin, Managing Director and Head of Engineering and Construction at BMO. The show featured Veronica Luttrell, Operations Planner at ECC, a leading construction company, and it delves into the rebuilding efforts in Southern California following the devastating wildfires in January.
The gang is here to recap an odd weekend of footie, #CanWNT over Costa Rica, #TFClive over Portland, #CanMNT losing on penalties to Guatemala, recap #CanPL game week, some CSA news, a friendly in the fall, preview #CanWNT vs US and TFC vs NYCFC, and some malarkey. In this episode Kristin calls Hamilton by their corporate name, Mark has three distinct reactions to the new Halifax Tides manager, and Duncan 'enthusiastically' responds to a press release.
LIVE from the Montreal's Climate Solutions Prize Festival 2025 Na'im Merchant, Executive Director of Carbon Removal Canada and the host of The Carbon Curve podcast, and Grégoire Baillargeon, President of BMO Quebec and Vice Chair of BMO Capital Markets join Ed Whittingham for a panel discussion exploring how Canada can become a global leader in carbon removal. With two podcast hosts and one Bank of Montreal president, Ed, Na'im and Greg pass the host's mic like a baton as they unpack the developer, buyer and policy dimensions of today's CDR market in Canada and abroad.About Our Guests:Na'im Merchant is the Executive Director of Carbon Removal Canada. He is passionate about the potential for carbon removal to meet climate goals while driving economic and social change. He previously founded Carbon Curve, a consulting practice focused on equitably scaling up carbon removal. Na'im is an advisor to Terraset and the Carbon Removal Standards Initiative, and was previously an Elemental Impact Policy Fellow. He brings 10+ years of leadership experience in non-profits that expanded access to health innovations around the world.Grégoire Baillargeon is President of BMO, Quebec and Vice Chair, BMO Capital Markets, in November 2022. Passionate about transition and fighting climate change, Mr. Baillargeon has also been acting as Vice Chair of the BMO Climate Institute since September 2024. He recently joined the advisory board of Volt-age: Electrifying Society, a research program at Concordia University, and also serves on Carbon Removal Canada's advisory board. Under his leadership, BMO became the first bank to join the Montréal Climate Partnership, as well as the launch of conVERTgence, two movements aimed at accelerating decarbonization and integrating sustainable business practices in the city.Produced by Amit Tandon & Bespoke PodcastsSend us a text (if you'd like a response, please include your email)___Energy vs Climate Podcast: How climate change is changing our energy systemswww.energyvsclimate.com Contact us at info@energyvsclimate.com Bluesky | YouTube | LinkedIn | X/Twitter
The gang is here to recap all of the #CanMNT Gold Cup action with reviews vs Curacao and El Salvador and preview Guatemala, #CanPL and NSL week recap, Marsch's fine gets lessened, we talk about an MLS villain's retirement, preview #TFClive vs Portland and #CanWNT vs Costa Rica and US, and so much malarkey. In this episode, Mark wants to offer a trade with Saudi Arabia, Duncan sounds like he's wrote the eulogy he actually read and Kristin gives a legit attempt at a Geordie accent.
The gang is mostly here to recap #CanMNT at the Canadian Shield tournament and the start of the Gold Cup vs Honduras, preview their match vs Curacao, recap #CanPL & #NSL this week, Club World Cup catch-up, World Cup security news, and the usual malarkey. In this episode Mark tries to explain a concept and struggles with words, Kristin talks some Spurs and Duncan may have predicted Mark's death but had a nice headstone.