Scotiabank Market Points

Nearshoring is transforming global supply chains and driving immense growth across North American markets, particularly in Mexico. On this episode of Market Points, you’ll hear from Rodrigo Echagaray, Head of Latam Equity Research and Head of Global Product Management, as he moderates a discussion with Francisco Suarez, Analyst, Latam Cement, Construction and Real Estate; Konark Gupta, Analyst, Transportation and Aerospace; Tristan Richardson, Analyst, Clean Technologies and Energy Infrastructure; and Patrick Bryden, Analyst, Head of ESG Research. They discuss how nearshoring is driving significant growth in manufacturing and real estate in Mexico, while accelerating the integration of North America’s air and railway networks. They also cover why ESG is critical to nearshoring and North America’s clean-tech boom.

Game-changing innovations are redefining how money moves across borders. Like how SWIFT gpi and other cutting-edge advancements are paving the way for frictionless, transparent, and lightning-fast global transactions. On this episode of Market Points, you’ll hear from Dougal Middleton, Vice President, Enterprise Payments at Scotiabank and Kevin O’Neil, Director of Strategic Relationships and Head of Canada at SWIFT. They’ll discuss recent advancements, the role of data, and other trends that are transforming the global cross-border payments system. As well as the opportunities for businesses as payments become increasingly instant, borderless and contextual.

Interest rates increased rapidly to combat inflation in North America in the first half of 2023. However, the U.S. Federal Reserve Board and the Bank of Canada may be nearing the end of their robust monetary tightening cycles. Could this help promote market sentiment and stability? On this episode of Market Points, you’ll hear from Patrick Dabiet, Managing Director and Head, Canadian Debt Syndication, and Fadi Attia, Managing Director and Head, U.S. Debt Syndication, as they discuss corporate bond issuance patterns in the Canadian and U.S. markets in the first half of 2023, and look ahead to highlight key areas for borrowers and investors to consider during the rest of the year.

Massive interest-rate hikes triggered by inflationary pressures as well as supply and demand imbalances made 2022 especially challenging for global bond markets. Will 2023 bring more of the same turbulence? On this episode of Market Points, you’ll hear from Patrick Dabiet, Managing Director & Head, Canadian Debt Syndication, and Fadi Attia, Managing Director & Head, U.S. Debt Syndication, as they discuss key themes from the Canadian and U.S. markets in 2022 and why there may be reason for optimism for the upcoming year as it relates to corporate bond issuance patterns.

2022 was an unsettled year for markets. But what about 2023? On this episode, we bring you a conversation from the Scotiabank Perspectives podcast with Hugo Ste-Marie, Director, Portfolio and Quantitative Strategy, Global Equity Research at Scotiabank. His role is to give investment advice to large, institutional investors. In this conversation with him and Perspectives host, Stephen Meurice, he offers us a glimpse into his outlook for 2023. He’ll tell us what trends, potential pitfalls... and opportunities may lie ahead.

As Pacific Alliance economies emerge from the pandemic, the conversation has shifted to things like rising inflation, corresponding interest rate increases, and the implications for the region and individual countries. This episode of Market Points is all about the growth of the Pacific Alliance economies. You’ll be hearing a conversation led by Stephen Meurice, Director and Editor in Chief of the Scotiabank Perspectives Newsroom. He’s joined by Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank, and Stephen Guthrie, Senior Vice President, International Corporate and Commercial Banking.  They’ll discuss the reasons underpinning this inflationary period and a macro view of how policy makers and central bankers are responding. Also, how Scotiabank’s global expertise, local knowledge and tailored products and services are positioned to support clients in Latam. Source: Top Bookrunner of LatAm ESG Bonds (in Volume) in the Sustainable Bonds League Table (YTD as at April 2022, Bloomberg).

Diversity and inclusion is at the heart of social financings, and increasingly recognized as a core corporate strategy to drive performance. Navigating the sustainable finance environment is challenging, and our guests look to shed some light on the process. On this episode of Market Points presented by The Scotiabank Women Initiative®, we are joined by Agnes Vara, Director, Term Funding and Capital Management in Group Treasury, who has played an integral part in Scotiabank’s own sustainable issuances. And Melissa Menzies, Associate Director, Sustainable Finance, who is helping large organizations structure their own successful sustainable financings.   Important Disclosures This communication does not constitute investment advice or any personal recommendation to invest in a financial instrument or “investment research”. This communication is provided for information and discussion purposes only. An investment decision should not be made solely on the basis of the contents of this communication. It is not to be construed as a solicitation or an offer to buy or sell any financial instruments and has no regard to the specific investment objectives, financial situation or particular needs of any recipient. The information in this communication is based on publicly available information and although it has been compiled or obtained from sources believed to be reliable, such information has not been independently verified and no guarantee, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. Past performance or simulated past performance is not a reliable indicator of future results. Forecasts are not a reliable indicator of future performance. Please refer to our legal disclosures on our website. Participation in The Scotiabank Women Initiative® or any program-related event does not constitute advice or an offer or commitment by Scotiabank to provide any financial products or services. ® Registered trademark of The Bank of Nova Scotia, used under license.nce. Please refer to our legal disclosures on our website.

Sustainable finance is top of mind for issuers and investors as the sector continues to grow. The sustainable debt market is evolving at a rapid pace, and Canada has the opportunity to lead. On this episode of Market Points, Brett House, Vice President and Deputy Chief Economist, discusses Canada’s sustainable finance position in the global context, and Bob Nguyen, Managing Director and Head, Corporate Fixed Income Origination, looks at the sustainability-linked bond market. Source: $60 billion of issuance of sustainability-linked bonds in 2021, which is five times the volume in 2020, Bloomberg Finance L.P. as at September 1, 2021. Important Disclosures This communication does not constitute investment advice or any personal recommendation to invest in a financial instrument or “investment research”. This communication is provided for information and discussion purposes only. An investment decision should not be made solely on the basis of the contents of this communication. It is not to be construed as a solicitation or an offer to buy or sell any financial instruments and has no regard to the specific investment objectives, financial situation or particular needs of any recipient. The information in this communication is based on publicly available information and although it has been compiled or obtained from sources believed to be reliable, such information has not been independently verified and no guarantee, representation or warranty, express or implied, is made as to its accuracy, completeness or correctness. Past performance or simulated past performance is not a reliable indicator of future results. Forecasts are not a reliable indicator of future performance. Please refer to our legal disclosures on our website.

Q3 earnings for the Canadian banks came in strong again, beating the street by a comfortable margin. On this episode of Market Points, Meny Grauman, Managing Director, Financial Services, Global Equity Research, deciphers the results and shares his thoughts on the outlook for the Canadian banking sector. Important Disclosures Scotia Capital (USA) Inc. or its affiliates has managed or co-managed a public offering in the past 12 months: Bank of Montreal, Canadian Imperial Bank of Commerce, Canadian Western Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada. Scotia Capital (USA) Inc. or its affiliates has received compensation for investment banking services in the past 12 months: Bank of Montreal, Canadian Imperial Bank of Commerce, Canadian Western Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada, TD Bank Financial Group. Within the last 12 months, Scotia Capital Inc. and/or its affiliates have undertaken an underwriting liability with respect to equity or debt securities of, or have provided advice for a fee with respect to, this issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, Canadian Western Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada. The Head of Equity Research or a Supervisory Analyst owns securities of this issuer in his or her own account or in a related account: Bank of Montreal, Canadian Imperial Bank of Commerce, Royal Bank of Canada, TD Bank Financial Group. Scotia Capital Inc. and its affiliates collectively beneficially own in excess of 1% of one or more classes of the issued and outstanding equity securities of this issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, TD Bank Financial Group. The Bank of Nova Scotia and its affiliates collectively have a net long position in excess of 0.5% of the total issued share capital of the issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, TD Bank Financial Group. Scotia Capital (USA) Inc. or its affiliates expects to receive or intends to seek compensation for investment banking services in the next 3 months: Bank of Montreal, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada, TD Bank Financial Group. This issuer and its affiliates collectively beneficially own in excess of 5% of the total issued share capital of The Bank of Nova Scotia: Royal Bank of Canada. Scotia Capital (USA) Inc. had an investment banking services client relationship during the past 12 months: National Bank of Canada. Scotia Capital Inc. acted as financial advisor to iA Financial Corporation Inc. in the announced sale of iA Investment Counsel Inc. to Canadian Western Bank.

Tune into this episode of Market Points for key highlights from the Emerging from the Pandemic: Strategies and Implications webcast. Presented by The Scotiabank Women Initiative, Brett House, Stephanie Lariviere and Marta Cano Escobar share their perspectives on the post-pandemic world, including an economic overview and insights into interest rates and inflation. The team offers solutions to help mitigate risk and seize opportunities and discusses leadership lessons, as we emerge from the pandemic.

Like most places in the world, Latin America’s economies are well on the road to recovery, but not yet out of danger from the COVID-19 pandemic. Markets have continued to provide support to the region as policymakers adjust fiscal and monetary measures to the next steps in re-opening. On this episode of Market Points, Brett House, Vice President and Deputy Chief Economist at Scotiabank, looks at what’s ahead for Latin America’s economies.

Retail has changed forever. Decades from now we’ll likely look back on 2020 and 2021 as pivotal years in the advancement of technology and the creation of new consumer habits that will carry on beyond retail reopenings. On this episode of Market Points, Patricia Baker, Director, Retailing, Global Equity Research, is back on the podcast to discuss the year that changed everything for retail.

Q2 earnings for the Canadian banks surprised on the upside once again, as they continue their trend of beating the consensus. Healthy optimism with respect to ending the pandemic and restarting the economy is providing support for the ongoing strength in the banking sector. On this episode of Market Points, Meny Grauman, Managing Director, Financial Services, Global Equity Research, discusses the key factors driving performance and his top favourite pick. Important Disclosures Scotia Capital (USA) Inc. or its affiliates has managed or co-managed a public offering in the past 12 months: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group, Canadian Western Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada. Scotia Capital (USA) Inc. or its affiliates has received compensation for investment banking services in the past 12 months: Bank of Montreal, Canadian Imperial Bank of Commerce, Canadian Western Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada. Within the last 12 months, Scotia Capital Inc. and/or its affiliates have undertaken an underwriting liability with respect to equity or debt securities of, or have provided advice for a fee with respect to, this issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group, Canadian Western Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada. The Head of Equity Research or a Supervisory Analyst owns securities of this issuer in his or her own account or in a related account: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group, Royal Bank of Canada, TD Bank Financial Group. Scotia Capital Inc. and its affiliates collectively beneficially own in excess of 1% of one or more classes of the issued and outstanding equity securities of this issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, TD Bank Financial Group. The Bank of Nova Scotia and its affiliates collectively have a net long position in excess of 0.5% of the total issued share capital of the issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, TD Bank Financial Group. Scotia Capital (USA) Inc. or its affiliates expects to receive or intends to seek compensation for investment banking services in the next 3 months: Canadian Imperial Bank of Commerce, Canadian Western Bank, Laurentian Bank of Canada, National Bank of Canada, Royal Bank of Canada. This issuer and its affiliates collectively beneficially own in excess of 5% of the total issued share capital of The Bank of Nova Scotia: Royal Bank of Canada. Scotia Capital (USA) Inc. had an investment banking services client relationship during the past 12 months: National Bank of Canada. Scotia Capital Inc. acted as financial advisor to iA Financial Corporation Inc. in the announced sale of iA Investment Counsel Inc. to Canadian Western Bank.

At the start of the pandemic’s reach into North America the Canadian dollar tumbled, but by the end of April 2021 the loonie had hit highs against the US dollar that it hadn’t seen for just over three years. Is all this strength leading us back to parity? On this episode of Market Points, Shaun Osborne, Managing Director and Chief Currency Strategist at Scotiabank, joins us to discuss the rise in the Canadian dollar and where we could be headed from here.

Businesses are feeling more and more optimistic. While it’s clear we are not out of the woods yet, several forces are at play to support a strong recovery. But as the economy heats up, inflation concerns mount. On this episode of Market Points, Scott Morrison, Managing Director and Head, Commercial Derivative Products and FX Sales, and Brittany Owens, Director, Commercial Derivative Products Group, share their insights from the business community and discuss the strong fundamentals behind the great Canadian restart.

The Canadian banks beat the street once again, and analysts make significant upward revisions to forward-looking earnings estimates into 2022. Canadians have increased their savings throughout the pandemic and the pent-up consumer demand is poised to support continuing performance in the banking sector. On this episode of Market Points, Meny Grauman, Managing Director, Financial Services, Global Equity Research at Scotiabank, talks about the strength of the sector and why he is so bullish on the banks. Important Disclosures Scotia Capital (USA) Inc. or its affiliates has managed or co-managed a public offering in the past 12 months: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group. Scotia Capital (USA) Inc. or its affiliates has received compensation for investment banking services in the past 12 months: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group. Within the last 12 months, Scotia Capital Inc. and/or its affiliates have undertaken an underwriting liability with respect to equity or debt securities of, or have provided advice for a fee with respect to, this issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group. The Head of Equity Research or a Supervisory Analyst owns securities of this issuer in his or her own account or in a related account: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group. Scotia Capital Inc. and its affiliates collectively beneficially own in excess of 1% of one or more classes of the issued and outstanding equity securities of this issuer: Bank of Montreal, Canadian Imperial Bank of Commerce. The Bank of Nova Scotia and its affiliates collectively have a net long position in excess of 0.5% of the total issued share capital of the issuer: Bank of Montreal, Canadian Imperial Bank of Commerce, TD Bank Financial Group.

The Pacific Alliance – the Latin American trade bloc of Mexico, Peru, Chile and Colombia – has its sights set on growth. But each country has its own idiosyncrasies that investors need to consider. 2021 is particularly unique as the countries are coming out of a global crisis while facing elections, rewriting constitutions, and managing their fiscal and monetary strategies. On this episode of Market Points, Tania Escobedo, Latam Macro Strategist at Scotiabank, explores the investors approach to policy and politics in the Pacific Alliance.

On his first day in office, U.S. President Joe Biden cancelled the Keystone XL pipeline project, citing America’s prioritization of a clean energy economy. What does the cancellation mean for Canadian oil, and are oil markets safe from a repeat of 2020? As the global economy strives for a turnaround, our guest on this episode of Market Points, Marc Desormeaux, Senior Economist at Scotiabank, makes the connections between some critical commodities and our economic comeback.

In the early days of the COVID-19 pandemic, Latin America was reeling from high case counts and economic implosion. But as 2020 came to a close, while Canada, the United States, and Europe were struggling – and still are – to contain a second wave, Latin America bounced back, with some economic activity even returning to pre-pandemic levels. Latin America is now poised for serious growth in the years to come. In this episode of Market Points, Brett House, Vice President and Deputy Chief Economist at Scotiabank, puts Latin America under a microscope and sees promising results.

2020 was the most surreal year many of us have ever experienced. Meanwhile, the Canadian dollar seemed to behave normally, which is of course an extremely Canadian thing to do. In 2021, global economies have some heavy lifting ahead, but what should we expect from currencies? In this episode of Market Points, Shaun Osborne, Managing Director and Chief Currency Strategist at Scotiabank, discusses what may be in store for the Canadian and US dollars.