Industries in Motion

Mandeep Jagpal, RBC Capital Markets’ Equity Financials Analyst, discusses his recent study into key factors affecting UK life expectancy. His research, which includes the impacts of COVID and continuation of higher dementia related deaths, suggests that UK life insurers have been overly optimistic in forecasting future improvements in life expectancy and will therefore see higher profitability in the future.

Insurance: What's happening with UK life expectancy? | RBCCM

Following RBC Capital Markets’ seventh annual Fintech conference, Dan Perlin, Managing Director of Research in Payments, Processing, and IT Services tells the Industries in Motion podcast why industry experts see crypto as the next great opportunity, FX as an evolving concern and how M&A is changing the landscape.

The COVID-19 pandemic significantly altered daily routines, including the use of real estate. While a return to some form of normalcy is underway, the effects of the pandemic continue to be felt across property types to varying degrees. In the latest episode of Industries in Motion, Pammi Bir and Jimmy Shan, Canadian Real Estate analysts, discuss with the Head of Canadian and APAC Research, Andre-Philippe Hardy, the outlook for the commercial and residential real estate sectors in Canada. Faced with a new set of challenges and opportunities, the discussion dives into the outlook across subsectors amid rising interest rates, heated inflation, and a potential recession in the not too distant future. As employers increasingly adopt hybrid work models, where are office fundamentals heading? What silver linings can we draw from the pandemic in retail real estate and how is the sector positioned to navigate another economic slowdown? How can the disconnect between the strength in industrial real estate fundamentals and lagging REIT unit prices be explained? What tailwinds underpin a constructive outlook for rental residential real estate?

The last two years have been nothing short of incredible in the technology sector, with a dramatic increase in technology adoption through COVID and technology stock valuations peaking at the end of 2021, followed by a significant market pullback year-to-date. In this podcast, Paul Treiber, Canadian Technology Analyst, and Andre-Philippe Hardy, Head of Canadian & APAC Research, discuss the state of the technology sector and more specifically technology in Canada, including the key factors that have impacted investor sentiment on technology stocks lately, why technology spending may be more resilient now than in prior years, and why technology investments are likely to continue to increase over the long-term. We also explore the evolution of the Canadian technology landscape over time, such as the rise of the iPhone and its impact on BlackBerry.

RBC Capital Markets’ equity research examines autonomous vehicle (AV) development, what the obstacles are, reasonable timelines, implications on the legacy Auto OEM and supplier ecosystem, along with tangential sectors including public transit operators, real estate, and motor insurers

In this latest episode of Industries in Motion, Benjamin Toms, European Banks Equity Research, discusses with Michael Hall, Head of European Research, the current UK banking landscape, and how we weigh up low valuations/rising rates vs a potential recession. Benjamin also explores the impact of low mortgage affordability and when he thinks the consumer will start to feel squeezed by higher interest rates.

Following a recent sharp rise in mortgage interest rate expectations, RBC Capital Markets’ Global Equity Team takes a closer look at prospects for the UK housing market and potential impacts on the General Retail, Banks and Internet sectors. While the nature of the market means RBC remains relatively sanguine on the outlook short term, RBC expects rising mortgage rates to be more of a headwind for UK consumers in 2023/24. As a result, the team sees a reduced outlook for several retailers with home-related exposure.

The inflationary environment hitting the miners and their procyclical-commodity linked cost bases is clearly here, but what is the potential impact? Tyler Broda, Head of European Metals and Mining Research at RBC Capital Markets discusses the possible risks to the sector both from costs and revenues. Listen to the podcast for more.

On the 17th March, P&O Ferries fired 786 employees without consulting unions, prompting a public and political backlash. The UK government have proposed a number of measures to try to ensure that seafarers operating on British routes are paid the UK minimum wage. Since then, P&O Ferries services have been disrupted, both on the Channel and elsewhere on their network. In this episode of Industries in Motion, We consider what this means for P&O Ferries and competitors moving forward.

Significant structural changes are occurring in the Canadian grocery space. This podcast explores the key factors that influence consumer choice of food retailer, how consumers are dealing with the rising pace of food price inflation, the rise of online grocery offerings, and how the shifts in consumer/retailer interactions will change how we buy groceries.