The Invested

What happens when the promise of limitless growth meets the reality of finite resources? Rajan Bansi is joined by Greg Payne, Managing Director, Portfolio Manager and Co-Head of Mackenzie’s Resources and Energy Evolution Team, to explore how resource scarcity shapes the way we think about investing. Together, Rajan and Greg unpack the growing demands of AI on energy infrastructure, the competing pressures of affordability, security and sustainability, and why the physical economy deserves a closer look. They also explore how deep industry research, independent thinking and valuation discipline help distinguish compelling investment themes from underlying business realities.

What role does value investing play in building resilient portfolios? Rajan Bansi is joined by Brad Kinkelaar, Senior Managing Director and Portfolio Manager at Barrow Hanley Global Investors, to explore why value investing is attracting renewed attention, how it complements growth exposure and where opportunities are emerging across global markets.   Together, Rajan and Brad unpack Barrow Hanley’s approach to finding undervalued companies, balancing upside potential with downside risk and avoiding value traps. They also discuss opportunities across technology, healthcare and other sectors, and what a global perspective brings to portfolio diversification.

The Bank of Canada raised rates in October while the Federal Reserve held steady, but the decisions tell different stories about the outlook for inflation and interest rates. Dustin Reid explains why Canada's revised inflation forecast is changing expectations for future rate hikes, how energy prices and economic growth are influencing bond yields, and what these developments mean for fixed income markets.

Where does gold fit in a portfolio? Rajan Bansi joins guest host Prerna Mathews to unpack why gold is back in focus, its role as a monetary asset and portfolio diversifier, and the trade-offs advisors face when adding it to an already invested portfolio. Then, Prerna and Rajan explore how MGEG combines global equity exposure with a systematic gold futures overlay. They also discuss how gold differs from gold-mining equities and what advisors should understand about the fund's derivatives structure. This episode was recorded on October 2nd, 2026. 

The Federal Reserve raised rates in September, but monetary policy is only part of the bond market story. Dustin Reid explains what the Fed’s latest outlook signals for rates, why corporate bond issuance, energy and inflation are pushing global yields higher, and the key market drivers’ advisors should be watching in client conversations now.

The Bank of Canada held rates in September, but its tone changed. Dustin Reid explains why rate cuts may be less likely now than previously expected, what’s driving global bond yields higher, and the key market signals advisors should be watching with clients now.

Rajan Bansi sits down with Richard Pan, Chief Investment Officer of China AMC — Mackenzie's strategic partner in China — to explore why global investors are increasingly turning to Chinese equities. Richard shares his framework for China's AI capabilities, the country's renewable energy advantage, and why Western investors may be significantly underweight a market that represents 17% of global GDP and 49% of global patent applications. The conversation closes with his vision for Chinese companies evolving into true global brands over the next decade.

Dustin Reid, Chief Fixed Income Strategist, sits down with Lesley Marks, Chief Investment Officer of Equities, to explore Mackenzie’s outlook for the second half of 2026. They discuss earnings expectations in Canada and the U.S., the evolving value-versus-growth dynamic, AI and hyperscale valuations, and the impact of a more hawkish Fed. Lesley shares where disciplined diversification may uncover opportunities amid a more volatile market environment.

The U.S. Federal Reserve held interest rates steady yesterday at its July meeting, raising questions about its approach to persistent inflation. In this episode of Market Exchange, Dustin Reid examines the market reaction, rising long-term Treasury yields and the key signals to watch ahead of the Fed’s September meeting.

Bank of Canada Holds: Inflation, Oil and the Rate Outlook Dustin Reid examines the Bank of Canada’s July rate decision, shifting expectations for Canadian interest rates and the economic risks tied to slowing population growth. He also explores how rising oil prices, geopolitical tensions and weaker U.S. inflation data are creating a complicated outlook for central banks and fixed-income markets.