Scotiabank Market Points

2020 was the most surreal year many of us have ever experienced. Meanwhile, the Canadian dollar seemed to behave normally, which is of course an extremely Canadian thing to do. In 2021, global economies have some heavy lifting ahead, but what should we expect from currencies? In this episode of Market Points, Shaun Osborne, Managing Director and Chief Currency Strategist at Scotiabank, discusses what may be in store for the Canadian and US dollars.

In 2019, on the first anniversary of The Scotiabank Women Initiative, Global Banking and Markets (GBM) launched its dedicated women initiative with bespoke programs focused on career and business acceleration for clients. GBM’s initiative has now reached its own one-year anniversary milestone. A key highlight for clients and colleagues alike has been The Scotiabank Good Corporate Governance Program. On this episode of Market Points, Loretta Marcoccia, Executive Vice President and Chief Operating Officer and Executive Sponsor of The Scotiabank Women Initiative for Global Banking and Markets and Julie Walsh, Senior Vice President, Corporate Secretary and Chief Corporate Governance Officer, discuss the program and how the Bank is building a pipeline of the most board-ready executives in Canada.

The Canadian Big Banks provided earnings surprises once again. But given COVID-19’s deep winter wave and an economy that still requires a lot of support, how much longer can they keep this up? In this episode of Market Points, Meny Grauman, Managing Director, Financial Services, Global Equity Research at Scotiabank, talks earnings opportunities and which bank stocks are worth a closer look.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, National 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, National 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: Bank of Montreal, Canadian Imperial Bank of Commerce, National 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, 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, 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, TD Bank Financial Group.

The experience of operating a business during the COVID-19 pandemic has contextualized the meaning of risk for many business owners. Business has always been a risk-reward trade-off, but successful businesses understand which risks are the ones that are worth it: innovative R&D, investing in building inspiring corporate culture, a ground-breaking advertising campaign. And they make a conscious decision to remove the risks that aren’t at the core of their business purpose: things like interest rate and currency uncertainty that could threaten their cash flow and ultimately the business itself. In this episode of Market Points, Scott Morrison, Managing Director and Head, Commercial Derivative Products and FX Sales, explains how hedging strategies work to keep businesses moving through uncertain times.

The investment community has embraced Environmental, Social and Governance (ESG) with more and more institutional investors formalizing ESG analysis into their investment thesis. Environmental factors have captured most of the headlines for some time, as nations and corporations have recognized the climate crisis, and have been taking steps to address and reverse negative environmental impacts before it's too late. Governance factors have even deeper roots. Institutional investors have been evaluating and calling for stronger board stewardship for decades now, but aspects of the S, the social factors, have been comparatively ignored. Institutional investors have realized that Diversity & Inclusion in an organization is a predictor of superior performance. On this episode of Market Points, we present key highlights from a recent webcast from The Scotiabank Women Initiative, titled The “S” of the ESG Triangle, where our ESG and Sustainable Finance experts put social factors under the spotlight.

Joe Biden was introduced as the President-Elect of the United States this past weekend after major media outlets, as is customary, called the election in his favour. Unsurprisingly, President Trump has failed to concede to date and has continued to push his team to pursue legal action in the hopes of overturning the results, with the general consensus that these efforts will be in vain. The markets agreed, pushing forward as a Biden presidency became more likely, and then on Monday morning, they moved strongly on the news that Pfizer is showing promising results for its COVID-19 vaccine. In this episode of Market Points, Jean-François Perrault, Senior Vice-President and Chief Economist at Scotiabank, discusses his perspective on the economic impacts of a Biden administration.

The COVID-19 pandemic rages on. As we enter a second wave, we must learn from our experiences these past few months and do what we humans do best: adapt. Armed with new knowledge, businesses have been meeting the challenge head on and reopening their offices in ways that best serve the needs of their employees and customers. Scotiabank started its learning curve early. As a global bank, it benefitted from on-the-ground experience in Asia and quickly maneuvered to evolve its practices as the virus moved around the world. In this episode of Market Points, we share key highlights from a recent webcast, Workplace Re-Entry: Lessons Learned, A Scotiabank Perspective, where leaders discussed their experiences through our collective journey overcoming a once-in-a-century challenge. Presented by The Scotiabank Women Initiative for Global Banking and Markets.Panelists: • Loretta Marcoccia, EVP and COO, Global Banking and Markets• Jennifer Frook, Vice President, Enterprise Crisis Management• Julia Cowan, Director, HR Business Partner• Mike Merkley, Managing Director, Global Banking and Markets

LIBOR, the London Interbank Offered Rate, a key set of interest rates linked to hundreds of trillions of dollars of financial contracts and instruments in on its way out. The British Financial Conduct Authority, or FCA, which oversees LIBOR announced that it may be phased out after December 31, 2021, when they will no longer require the banks to provide LIBOR offers. These decisions have deep and far-reaching consequences. Hear from Scotiabank leaders who discuss key priorities to consider as your organization makes plans for the transition away from interbank offered rates.

The Latin American sustainable finance market is teeming with opportunity. As various countries in the region look to fund infrastructure gaps they are turning to the sustainable market for their critical environmental and social projects, which is laying the groundwork for more corporations to access the market. Juan Fullaondo, Managing Director and Head, Debt Capital Markets, Latin America and Caribbean, discusses the regional surge in sustainable finance.Scotiabank’s newly created Sustainable Finance Group, within the Global Banking and Market’s division, supports clients' evolving requirements for sustainable financing and Environmental, Social and Governance (ESG) related investments.

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.