The Download with David Richardson

David Tron shares insights from his recent trip to San Francisco, where he met with leaders of major technology companies and venture capitalists to discuss the transformative potential of AI across industries. He delves into real-world AI applications, the defensive spending strategies of tech giants, and the ripple effects on sectors like advertising, software, and industrials. (Recorded: December 31, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/best-of-2025-exploring-the-evolving-ai-landscape-and-its-impact-on-investment-strategies/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell examines the recent rebound from previous lows, noting that while market concerns about tariffs have eased, the short-term outlook remains uncertain due to low confidence in earnings estimates. Stu also reflects on Warren Buffett’s enduring wisdom following his retirement announcement and emphasizes the importance of dollar-cost averaging, or paying yourself first, as a timeless investment strategy, especially during uncertain times. (Recorded: December 29, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/best-of-2025-adapting-to-market-changes-with-buffett-wisdom/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell shares how his team applies disciplined scenario analysis to the AI investment landscape, from token consumption trends to hyperscaler capital returns. He explains why the shift from everyone winning to identifying true winners and losers marks an important stage in the AI investment cycle. (Recorded: October 27, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/separating-ai-winners-from-losers-today/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell discusses U.S. bank earnings, market shifts and the overlooked stocks making quiet comebacks. He also shares how diversifying with bonds protects your portfolio when stocks take a hit. (Recorded: October 22, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/when-boring-stocks-get-exciting/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Dan Mitchell explains why the U.S. dollar sits at peak valuation levels despite growing fiscal concerns. He discusses how emerging market currencies may benefit from a weaker U.S. dollar and the factors that suggest currency cycles may be turning after an extended period of dollar strength. (Recorded: October 21, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/currency-cycles-and-the-overvalued-us-dollar/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Eric Lascelles reviews September inflation data and what the path forward for rates could look like. He also weighs in on what the U.S. midterm election results might mean for the economy and your portfolio. (Recorded: October 16, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/where-does-inflation-go-from-here/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell unpacks a market in transition as bond yields rise and AI momentum cools. He shares explains why perfect market timing matters less than steady positioning and practical steps investors can take right now. (Recorded: October 16, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/high-rates-cooling-ai-what-it-means-for-you/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Sarah Riopelle explains how a rising bond yield environment can create a buying opportunity. She discusses her equity outlook, and why managing risk carefully and adding alternatives can help to diversify returns through market cycles. Unless specified, returns refer to RBC Select Balanced Portfolio as of September 30, 2026.Standard Performance data for Series A of RBC Select Balanced Portfolio is: 1yr: 9.3%; 3yr: 13.8%; 5yr: 6.6% and 10yr: 6.7%. (Recorded: October 9, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/finding-opportunity-in-rising-bond-yields/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Scott Lysakowski unpacks the concentration behind TSX returns. He shares how new energy projects and policy shifts ripple through the economy, and what they could mean for earnings growth and long-term opportunity. (Recorded: October 9, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/energy-earnings-and-the-case-for-canada/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Eric Lascelles digs into a soft U.S. jobs report and explains why cooler numbers can be a good thing when inflation runs too hot. Eric also explores why Canadian productivity could be turning a corner. (Recorded: October 5, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/soft-jobs-rising-yields-breaking-down-the-economy/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Neil McLaughlin shares how broad career experience shapes strong leadership at RBC. He and Dave talk young investors and why advisors still matter in an AI world. (Recorded: September 24, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/leading-through-change-with-neil-mclaughlin/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Stu Kedwell unpacks the Fed's rate move and takeaways from the first Canada Investment Summit. He also shares how investors can stay grounded when the short-term picture feels uncertain. (Recorded: September 18, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/the-fed-yields-and-canadas-capital-push/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

Christian Chiera maps the forces pulling markets in opposite directions right now. He explains how massive AI spending, stubborn inflation, and Canada's growth are shaping the investment landscape. (Recorded: September 18, 2026) To view the transcript and disclosure for this podcast, please visit https://www.rbcgam.com/en/ca/insights/podcasts/the-good-the-bad-and-the-ugly-in-todays-market/detail/?disclaimer=true . RBC, GAM, RBC GAM, RBCGAM, podcast, invested, investing, investment, insights, personally, learn, perspectives, personally invested

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 13, 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 10, 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