Scotiabank Market Points

The banking sector in Canada surprised the street with better than expected Q3 earnings results. But with credit fears still looming, serious uncertainty remains. In this episode of Market Points, Meny Grauman, Managing Director, Financial Services, Global Equity Research at Scotiabank, analyzes the banking sector’s Q3 results and shares some key considerations for investors.Important DisclosuresScotia 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, Royal Bank of Canada, 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, 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, National Bank of Canada, Royal Bank of Canada. Scotia Capital (USA) Inc. had an investment banking services client relationship during the past 12 months: 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, Royal Bank of Canada, 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, 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. 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. 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.

Mexico entered the pandemic already in a recession – and economic pressures from COVID-19, such as the severe drop in travel and tourism, have only exacerbated the problem. However, our new global reality has also created opportunities for growth in Mexico. In this episode of Market Points, Francisco Suarez, Director, Global Equity Research at Scotiabank Mexico, discusses pain points and bright spots in the Mexican economy.

The COVID-19 pandemic has impacted the way we conduct business today and will influence the way we conduct business in the future. What has changed, and how can we work to be better prepared? In this episode of Market Points, we present key highlights from a recent webcast hosted by The Scotiabank Women Initiative, Talking Treasury: Funding, Risk Management, and Digital Solutions in a post-pandemic world. Designed for Corporate Treasurers – but pertinent to everyone navigating the current and future business environment – the cross-disciplinary panel of Scotiabank leaders share their experiences and views on relevant topics, from trade to foreign exchange to investment themes to digital opportunities. Panelists:• Adam Swinemar, Vice President, Customer Experience and Digital Channels• Dyanne Carenza, Vice President, Head of Trade and Supply Chain Finance• Ryan O’Keefe, Managing Director and Head, Corporate and Retail, FX Sales• Marta Cano, Managing Director, Global Equity Derivatives

While US COVID-19 case numbers have risen drastically over the last few months the US dollar has slid, with the US dollar index off over 10% since its March peak. Typically, in times of global crisis the dollar acts as a safe haven, but there are several forces at play this time around that are contributing to dollar depreciation. In this episode of Market Points, Shaun Osborne, Managing Director and Chief Currency Strategist at Scotiabank, returns to the podcast to triage the ailing greenback. 

When was the last time you visited a mall, or went to your office? The health reasons keeping us away are certainly temporary if we look to history. But what about the rapid adoption of technology that has crystallized the effortlessness and affordability of online shopping. Or finding that by working from home, we are not only getting more done but recapturing precious untold hours we used to spend in traffic. In this episode of Market Points, Mario Saric, Managing Director, Real Estate and REITs, Global Equity Research at Scotiabank, dives into sector performance and opportunity and explains how office and retail are positioned for the future.

Through the COVID-19 pandemic, our homes have been converted into offices, classrooms, and in some cases, recording studios. The housing market has roared back in May and June, but the jury is still out on the long-term effects of the crisis on the Canadian housing stock. In this episode of Market Points, Marc Desormeaux, Senior Economist at Scotiabank, provides the latest numbers and shares his insights on the foundational strength of Canadian housing.

The International Monetary Fund downgraded its forecast for 2020 to a 4.9% retraction in global growth. Coronavirus cases are re-escalating in new areas. Employment numbers continue to slide. Yet, retail sales are improving, and we’ve experienced significant gains in equity markets since the late March lows. So, are things getting better, or worse? Or is it too early to tell? In this episode of Market Points, Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank, provides his perspective on our economic prospects and some of the fundamental shifts we should prepare for.

In Canada, the Federal government continues to put the full weight of its financial powers into the fight against the economic turmoil caused by COVID-19. But have these programs performed as advertised, in providing Canadians and Canadian businesses the support they desperately need? Effectiveness aside, the question remains, can we afford this? In this episode of Market Points, Rebekah Young, Director, Fiscal and Provincial Economics at Scotiabank, provides her perspective on Canada’s financial position and sheds light on the question of affordability.

In June of 2020, Brexit has lost most, if not all, of its headline attention in North America. But if the UK and the EU cannot agree to new trade terms by the end of this year, Britain will be faced with serious economic consequences. In this episode of Market Points, Juan Manuel Herrera, Currency Strategist at Scotiabank, breaks down the current state of trade negotiations and explains how Brexit may diminish London’s position and power as a global financial centre.

Latin America is a massive, culturally diverse region under significant stress as Brazil becomes the new epicentre of the COVID-19 pandemic, frustrating near-term re-opening plans. To compound regional challenges, the retail sector across Latam lacks the e-commerce maturity of other markets, historically tied to consumers' reliance on cash. But rapid change is on its way. In this episode of Market Points, Rodrigo Echagaray, Managing Director and Head of Latin American Equity Research at Scotiabank, discusses the regional reshaping of retail.