Canadian Fixed Income Conference, Day 3
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 3 speakers included:
- Catherine Loubier, Delegate General of Québec in New York
- Sophie Brochu, President and CEO, Hydro Québec
- Derek Aylesworth, CFO, Seven Generations
- Lars Glemser, Vice President CFO, Vermillion Energy
- Rodney Gray, Executive Vice President and CFO, Baytex
- Cameron Goldade, Vice President, Capital Markets, Pembina Pipeline Corporation
- Beth Pollock, Vice President and Treasurer, Gibson Energy
- Anthony Aulicino, CFO, CES Energy Solutions
- Julian Deschâtelets, Managing Director, Renewable Power, Brookfield Renewable Group
- Todd Stack, CFO , TransAlta
- Beth Summers, Executive Vice President and CFO
Bloomberg moderators included:
- Sandrine Rastello, Montreal Bureau Chief, Bloomberg
- Catherine Ngai, Energy Reporter, Bloomberg
- Robert Tuttle, Canadian Energy Markets Reporter, Bloomberg
- Catherine Traywick, Deputy Team Leader, Power & Renewables Americas, Bloomberg
The third day of the Canadian Fixed Income Conference focused on Canadian energy companies, exploring the industry’s many sectors. The day began with an insightful conversation with Sophie Brochu, who was recently appointed the first female President and CEO of HydroQuébec. Interviewed by Bloomberg’s Sandrine Rastello, Ms. Brochu started by setting out some broad goals, “to make sure that we serve energy at the cheapest cost possible to the customer and to have the cleanest energy possible to use.” Ms. Brochu also spoke at length about the deal through which HydroQuébec would provide clean energy to New York State. Despite having faced various hurdles and delays, Ms. Brochu now believes that, “all the stars are aligned for a transmission line to be built.” She then added, “We need hydroelectricity to be recognised as a renewable energy that is bringing something very tangible environmentally speaking. HydroQuebec can beat any renewable energy prices in the US but we need to be recognized with this contribution.”
Both upstream and midstream operators are seeing tangible signs of recovery after the Covid-related drop in demand experienced in the early months of the year. “What we saw was volumes really hitting a trough in early May and actually recovering quite well through the latter half of May into June and July,” explained Cameron Goldade, Vice President of Capital Markets for Pembina Pipeline Corporation. “It was a strong quarter for us, it really allowed us to strengthen our balance sheet and continue to enhance our credit metrics,” said Beth Pollock, Vice President and Treasurer at Gibson Energy. Yet several speakers see potentially destabilizing events – like the US presidential – election looming.
The Canadian Fixed Income Conference was Proudly Sponsored By