Scotiabank Market Points

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.