Scotiabank Market Points

Shifting interest rate policies are creating new challenges and opportunities for global markets and investors. On this episode of Market Points, Shaun Osborne, Managing Director, Chief Currency Strategist, and Brendan Stark, Managing Director and Head, Institutional Short Term Interest Rate and FX Sales, discuss the market implications of the latest Bank of Canada and anticipated Federal Reserve rate decisions. They also explore the potential market impact of the upcoming U.S. election, including effects on the US dollar, and highlight their expectations for currencies that could outperform in a period of elevated uncertainty and market volatility. Tune in and find out if the Canadian dollar makes the cut.

Mexico is at the center of a historic shift in global value chains to produce semiconductors and electronics. This has catalyzed strong growth of the Electronic Manufacturing Services (EMS) industry in Guadalajara and across the state of Jalisco. On this episode of Market Points, Rodrigo Echagaray, Managing Director, Head of Latam Equity Research and Global Head of Product Management, speaks with Analysts Andres Coello and Francisco Suarez about the factors driving this new frontier.

They explore why existing infrastructure, integrated value chains and education advancements are ideally positioning Guadalajara for EMS opportunities ahead, as well as the real estate trends being fueled by EMS growth. And with a newly elected administration, led by President-elect Claudia Sheinbaum, we’ll explore what investors should watch for and how the incoming policies and priorities will spur nearshoring and EMS-related growth.

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For many businesses and consumers across Canada, sending regular remittances abroad and receiving inbound funds can be complex and challenging. In response, Scotiabank and many other payment industry leaders are rolling out new data-rich technology to enhance transparency, streamline payment processes, and speed up transaction times. On this episode of Market Points, Kim Salti, Director, North American Business Payments Products, and Charlene Lee, Director of Cross-Border Payments Transformation, delve into how data-rich payments are changing the game. 

Dormant sectors came back to life in the first half of 2024, significantly boosting debt market activity and issuance. On this episode of Market Points, Patrick Dabiet, Managing Director and Co-Head, Canadian Debt Capital Markets, and Fadi Attia, Managing Director and Head, U.S. Debt Syndication highlight leading sector issuance, key risks, and emerging opportunities. They discuss the factors shaping the market, including the U.S. Federal Reserve Board’s policy messaging and anticipated easing. They also look beyond the risks and uncertainty linked to the U.S. election to consider insights and opportunities for strategic investors.

Market dynamics have shifted since the start of 2024. The U.S. economy has been more resilient than expected, and investors are preparing to manage higher-for-longer interest rates. Still, several major central banks, including the Bank of Canada, have started to ease monetary policy. On this episode of Market Points, Scotiabank’s Michelle Khalili, Managing Director and Global Head, Equity Capital Markets (ECM) and Corporate Finance Advisory, leads a discussion on how the U.S. elections, the technology sector, and other factors are driving market performance. You’ll hear from Derek Holt, Vice President and Head, Capital Markets Economics, John Cronin, Managing Director and Head, U.S. ECM, Matt Sheehan, Managing Director and Head, Canadian ECM, and Pete Gordon, Director, ECM.

With U.S. elections on the horizon, investors are paying close attention to China’s increasing investment in Mexico and its impact on trade tensions, global supply chains and the Mexican economy. On this episode of Market Points, Rodrigo Echagaray, Managing Director, Head of Latam Equity Research and Global Head of Product Management, and Analysts, Alfonso Salazar Herrera and Francisco Suarez, discuss what’s driving these strategic investments. They explore potential responses from policymakers, such as higher tariffs or changes to the United States-Mexico-Canada Agreement, and the risks and opportunities Chinese investment brings to key sectors of Mexico’s economy, including EVs, steel and infrastructure.

Generative AI, the kind of artificial intelligence that creates content for you or answers questions based on a prompt, is already changing many aspects of our lives. And businesses are also figuring out how they can use it.

On this episode of Market Points, Divya Goyal, Analyst, Technology, Software and Services, Global Equity Research, provides a bird’s-eye view of how Canadian businesses are approaching and adopting this revolutionary technology. She discusses which sectors are ripe for disruption, what role Canada could play when it comes to homegrown innovation, some unintended consequences of this new technology and much more.

Canada’s recent rapid population growth has significantly impacted the economy, posing opportunities and challenges.

On this episode of Market Points, Rodrigo Echagaray, Head of Latam Equity Research and Head of Global Product Management, Equity Research, speaks with a team of analysts about the impact of record high immigration on economic growth. They explore why current immigration numbers are unsustainable without additional investments, and discuss risks to specific sectors if immigration levels decline. You’ll hear from Rebekah Young, Vice-President, Head of Inclusion and Resilience Economics, Meny Grauman, Analyst, Canadian Financial Services, Maher Yaghi, Analyst, Telecom, Media & Cable, and George Doumet, Analyst, Consumer Products.

The foreign exchange markets, and indeed several markets, are showing an unexpected level of calm. What factors are at play in this low volatility environment, and what could it mean against the backdrop of global economic conditions, rising conflicts, and the upcoming U.S. presidential election.

On this episode of Market Points, Shaun Osborne, Managing Director, ​​Chief Currency Strategist, and Brendan Stark, Managing Director, Short-Term Interest Rate and FX, delve into these pressing questions. They discuss Scotiabank’s FX forecasts, the low volatility puzzling the markets, and consider the implications of upcoming political developments.

Higher borrowing volumes and much-improved market sentiment have helped usher a promising start for issuers in 2024. With monetary tightening expected to ease and increasingly attractive conditions for borrowers, will the upturn in bond markets continue as the year unfolds? On this episode of Market Points, Patrick Dabiet, Managing Director and Head, Canadian Debt Syndication, and Fadi Attia, Managing Director and Head, U.S. Debt Syndication, discuss what’s driving the momentum in corporate bond issuance in the Canadian and U.S. markets. They also assess whether these trends will continue and the approach borrowers can take to access the market.