Metal Matters: Debating a New Up-Cycle

With a few months to go in 2025, our expert panel delves into their latest outlook for the US and Canada, exploring GDP, inflation, central bank policy and trade policy. Ernie Tedeschi, Director of Economics at Yale University’s Budget Lab, Doug Porter, Chief Economist, BMO and Dan Philips, Chief Investment Officer, BMO US Wealth Management, each provide their unique perspectives on asset classes, market risks, and the evolving landscape influenced by AI, automation, and de-globalization. Click here for transcript To access our full disclosures, please visit: https://research.bmo.com/public/disclosures

In the first episode of our re-launched podcast, we discuss copper back to $10k, iron ore’s resilience, macro shifts, Chinese stockpiling, and the case for a new mining upcycle. BMO clients can view our reports here: ⁠BMO Precious Metals Monitor: Poised for the Cut⁠⁠ PGMs: Picking the Right Basket⁠⁠ Anti-Involution Needs Patience: Copper and Coal Screen Strongest⁠ ⁠Click here for transcript.⁠ To access our full disclosures, please visit: ⁠https://research.bmo.com/public/disclosures

If enforced, President Trump’s introduction of a 50% tariff on copper could significantly impact global copper pricing, supply chains and inventories. Join our Equity Research Analysts, Helen Amos, Matt Murphy, and Katja Jancic, as they discuss anticipated outcomes and implications moving forward. Click here for transcript. Click here for important disclosures.

BMO experts discuss the evolving Canadian political and economic landscape following the election of Prime Minister Mark Carney. Click here for transcript. ⁠Click here for important disclosures⁠.

In a special episode of the Markets Plus podcast recorded on April 30, Camilla Sutton, Managing Director and Head of Equity Research, Canada & UK, BMO Capital Markets, moderates a timely and engaging discussion on the implications of the Canadian election. Joining her on the show: Hon. Brian Tobin, Vice Chair, BMO Financial Group and Hon. Jason Kenney, Senior Advisor, BMO Financial Group. Click here for transcript. ⁠⁠Click here for important disclosures⁠⁠.

On April 28, Canadians elected Members of Parliament to represent them in the House of Commons. The following day, BMO hosted a discussion to cover the economic, markets and tax policy implications. Click here for transcript. ⁠⁠Click here for important disclosures⁠⁠.

The ongoing uncertainty around U.S. tariffs on foreign goods is affecting business leaders across all industries. On April 17, BMO hosted a discussion to cover macroeconomic trends that are specifically impacting manufacturers with our economic and industry experts. (31 min) Click here for transcript. ⁠⁠Click here for important disclosures⁠⁠.

Critical minerals are essential inputs in modern energy and high-tech applications, including batteries, energy storage and infrastructure, and national security. They also play an important role in the global energy transition, where demand is expected to necessitate significant investment in order to develop new mines, downstream processing capacity, and secure and resilient supply chains. In this BMO podcast, Greg Jones, Battery Materials Analyst with BMO Capital Markets, sits down with Kwasi Ampofo, BloombergNEF's Head of Metals and Mining, to discuss the complexities of the critical minerals industry and the investment outlook. Click here for transcript. To access our full disclosures, please visit: https://research.bmo.com/public/disclosures

How is the metals and mining industry driving sustainable development? Rohitesh Dhawan, CEO and President of the International Council on Mining and Metals (ICMM), and Camilla Sutton, BMO's Head of Equity Research for Canada and the UK, explore the industry's progress, key achievements, and what’s next. During this 30-minute episode, they discuss the ICMM and its members' progress on Consolidated Mining Standards, TNFD, decarbonization, the 'trust deficit,' and how the industry is contributing to sustainable development. Click here for transcript To access our full disclosures, please visit: https://research.bmo.com/public/disclosures

Michael Gregory, Deputy Chief Economist and Head of US Economics, discusses how tariffs and the ongoing uncertainty around them impacts the outlook for the Canadian and U.S. economies; while Brian Belski, Chief Investment Strategist discusses his equity investment outlook for both Canada and the US.  Click here for transcript. To access our full disclosures, please visit: https://research.bmo.com/public/disclosures