Brent Donnelly of Spectra Markets and author of Alpha Trader joins Dustin Reid to unpack how market narratives form, shift, and ultimately drive price action across global macro. He shares practical insight into managing confirmation bias, curating information flow, and staying agnostic in fast-moving markets. Brent also discusses how he uses technical analysis as a risk-management tool rather than a signal generator. The conversation closes with his outlook on major FX pairs, including Canada and Japan, as we head into 2026.

This episode was recorded on November 25, 2025.

From deficits to defense spending, Ali Jaffery of CIBC Economics joins Dustin Reid to assess the government’s fiscal plan and its market implications. They examine the fine balance between stimulus and discipline—and what it tells investors about the next phase of Canada’s economic cycle.

This episode was recorded on November 5, 2025.

In this episode, Steve Englander, Global Head of G10 FX Strategy and North American Macro Strategy at Standard Chartered Bank, discusses the evolving US macro landscape heading into Q4. He examines the Fed's recent rate cut, the implications of rising productivity on the neutral rate, and the early impact of AI on the labour market. Steve shares his views on US dollar positioning, potential challenges to Fed independence, and downside risks to Canadian growth and currency performance. He also addresses the durability of the current carry trade environment and the broader implications of policy-driven market volatility.

This episode was recorded on September 30, 2025.