Doug Porter

Doug Porter, Chief Economist at the Bank of Montreal, shares his insights on the unpredictable Canadian economy of 2024. He discusses the unexpected strength of U.S. GDP growth and the complexities of inflation versus unemployment. Porter analyzes the effects of recent U.S. election results on trade and currency while addressing forecasts for oil prices and inflation risks in 2025. Listen in for a fascinating look at how economic predictions are evolving and what they mean for Canada and beyond.

In this insightful discussion, Doug Porter, Chief Economist at BMO, shares his perspectives on GDP and inflation trends in the U.S. and Canada. Ernie Tedeschi, Yale’s Director of Economics, contrasts robust GDP growth with concerns about labor market dynamics and rising tariffs. Dan Phillips, BMO’s CIO, emphasizes a tactical investment approach amid evolving market risks, including the impact of AI and automation. The trio also explores the resilience of the Canadian economy and why government shutdowns typically leave markets unfazed.

Join former Chief Trade Negotiator Steve Verheul, now at GTN Co., alongside Doug Porter, BMO's Chief Economist, and Yung-Yu Ma, Chief Investment Officer at BMO Wealth Management. They dive into Trump's potential 25% tariffs on Canada and Mexico, dissecting the repercussions for North American supply chains and economies. Key discussions cover inflation impacts, monetary policy responses, and investment market volatility. Also, explore Canada's strategies for retaliation and what signals could indicate future negotiations.