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Is the international political economy shifting away from free-trade globalization toward state-directed economic strategies? Then, would a less integrated economy with the U.S. lead to monetary policy changes in Canada? 00:00 — Intro 01:34 — What Is Mercantilism? Definition & Key Concepts 01:56 — Power + Wealth: The Core Mercantilist Worldview 02:39 — Strategic Protectionism vs. Free Trade 02:56 — Tariffs, Subsidies & State Intervention Explained 03:21 — Mercantilism, Imperialism & Historical Traditions 03:48 — Are Today’s Trade Policies Driving a Global Shift? 04:35 — WTO Weakening & the Rise of Neo‑Mercantilist Thinking 05:03 — U.S. Policy Under Trump: Subsidies, Tariffs & National Champions 05:20 — China’s Deep Historical Roots in Mercantilist Thought 06:05 — China’s Interventionist, Export‑Focused Economic Strategy 06:39 — U.S. Protectionism: Temporary or Total Pivot? 07:29 — Consumers vs. Workers: Changing U.S. Economic Priorities 08:10 — Canada–China Tariff Deal: Is This Mercantilism? 09:03 — Why Canada Struggles to Diversify Trade 09:24 — Is Canada Operating in a Neo‑Mercantilist System? 10:27 — Canada’s Long History of Reacting to U.S. Protectionism 10:28 — How Today’s Trade Deals Differ From 1990s Free‑Trade Era 11:00 — Hub‑and‑Spoke Trade Models: U.S. & China Strategies 11:29 — NAFTA, USMCA & U.S. Pressure on Canadian Trade 12:25 — Why Free Trade With the U.S. Was Never Canada’s First Choice 13:19 — McKinley Tariffs & Historic Attempts to Pressure Canada 13:53 — Canada’s Middle‑Power Challenge in a Protectionist World 15:11 — Is Neoliberalism Ending? Return of U.S. Protectionism 16:07 — Could the U.S. Pivot Trigger Global Backlash? 17:12 — Annexation History & Economic Shifts Then vs. Now 17:50 — Limits of Mercantilism: What If Apple Was Forced to Reshore? 18:36 — Does Modern Mercantilism Mean More Global Conflict? 19:25 — Will Trump Pursue Cooperation or Endless Deal‑Making? 19:26 — Drew’s Take: Why He Fears the Second Scenario 20:03 — Closing Thoughts on U.S.–Canada Relations 20:15 — Transition to Monetary Policy Discussion 20:18 — Trump’s Pressure on the Federal Reserve 20:42 — Are U.S. & Canadian Central Banks in Lockstep? 21:22 — When Interest Rates Diverge — and Why 22:01 — Central Bank Independence & Why It Matters 23:06 — Political Incentives for Lower Rates Explained 23:38 — Public Concerns Over Politicizing the Fed 24:02 — Reaction to Nominating Kevin Warsh as Fed Chair 25:01 — Is Warsh a Hawk or Politically Motivated? 25:39 — What His Appointment Could Mean for Markets Worldwide 26:36 — Could Bank of Canada Policy Diverge if Trade Tensions Rise? 27:14 — Why Canada Will Likely Keep Moving With the U.S. 27:28 — Has the Bank of Canada Ever Seen Uncertainty Like This? 28:13 — Why Today’s Economic Landscape Is Unlike Anything Before 28:22 — Final Thoughts & Viewer Feedback Invitation About The Rundown: The Rundown is your nightly half-hour deep dive into just one headline. With host Jeyan Jeganathan, we’ll cover everything from housing and health care to climate and AI. We’ll break down why each topic matters, who’s living it, and what’s being done to make things better – starting right here in Ontario. Slow down. Tune in. Make sense of the moment. And tell us what you think.