Canadian Fixed Income Conference, Day 6
By Alessandro Borghese, Bloomberg Live
The 8th annual Bloomberg Canadian Fixed Income Conference brings together the biggest names in Canadian bonds, credit, commodities and more in a six-part virtual briefing series that began on September 24, 2020, and runs through October 22, 2020.
As the markets continue to be roiled by the ongoing economic effects of the global pandemic, these conversations have rarely been more important and timely. We bring together top investors, analysts, CEOs, CFOs, government officials and bankers to discuss key issues — from insurance to real estate to mining to ESG to economics and more.
Click here to view today’s event.
Day 6 speakers included:
- David Ayre, Treasurer, CMHC
- Ian Charest, Senior Director, Treasury, CDPQ
- Laura Fan, Head of Funding, Treasury Division, Inter-American Development Bank
- Laurent Ferreira, Executive Vice-President and Co-Head, Financial Markets, National Bank of Canada
- Zauresh Kezheneva, Funding Officer, International Finance Corporation
- Mike Manning, Executive Director, Capital Markets, Ontario Financing Authority
- Guillaume Pichard, Managing Director, Capital Markets and Treasury, Ministère des Finances du Québec
- Louis Vachon, President and CEO, National Bank of Canada
- Brandon Weening, Senior Vice President, Corporate Finance, OMERS
Bloomberg moderators included:
- Derek Decloet, Canada Managing Editor, Bloomberg
- Shelly Hagan, Canadian Economy Reporter, Bloomberg
- Kevin Orland, Finance Reporter, Bloomberg
The sixth session of the Canadian Fixed Income Conference aired on Thursday, concluding the six-part conference series that explored various aspects of Canadian financial markets, business and government. National Bank of Canada President and CEO, Louis Vachon, kicked off the day’s program with an interview conducted by Bloomberg’s Kevin Orland. Vachon expressed his confidence in the health of capital markets. He suggested the return of a “merger and acquisition super cycle” could help strengthen the corporate and commercial side of the business, which analysts currently find more concerning than the personal side. “There is so much money on the side now from both strategic buyers and private equity players looking to deploy themselves in the economy to make acquisitions that the cycle is extremely strong,” he said.
The program also focused on the growing trend of debt issuance by Canadian SSA entities. Asked to outline their segment of the market, Ian Charest, Senior Director, Treasury at CDPQ, said, “We add real value from the investor perspective. We provide exposure to triple A entities in Canada, but one key differentiator is that we are not a government credit.” And the new credit programs’ pension funds and other subsovreign entities established have proved very helpful in their search for liquidity at the height of the pandemic. “We took advantage, during the crisis, of low rates and our funding window to issue three notes across three currencies to add to our liquidity,” explained Brandon Weening, Senior Vice President, Corporate Finance at OMERS.
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