Scotiabank Market Points

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. 

On this episode of Market Points, Sergio Olarte, Head Economist, Scotiabank Colpatria, and Jackeline Piraján, Senior Economist, discuss how the dynamic economic landscape in Colombia evolved over 2023. They lay out their main concerns and expectations for 2024, including the potential for a healthy deceleration in GDP growth.

Following weak IPO volumes in 2023, the pipeline of potential deals continues to expand. However, private companies looking to go public in 2024 may face tough hurdles, higher expectations from investors and uncertainty leading up to the U.S. election in November. On this episode of Market Points, Michelle Khalili, Managing Director and Global Head, Equity Capital Markets (ECM) at Scotiabank, sits down with John Cronin, Managing Director and Head, U.S. ECM, and Matt Sheehan, Managing Director and Head, Canadian ECM. They consider risks and opportunities for first movers that are ready to test market conditions.

Markets have been doing pretty well lately, but what’s in store for 2024? On this episode of Market Points, you’ll hear from Hugo Ste-Marie, Director, Portfolio and Quantitative Strategy, Global Equity Research. He provides advice to global institutional investors, but his insights will be of interest to investors of all kinds. He’ll tell us what the markets might look like in the year ahead, where there may be some opportunities, what a ‘perfect soft landing’ is — and whether we may see one — and much more.

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.