Canadian Fixed Income Conference, Day 4
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 4 speakers included:
- Kathy Hochul, Lieutenant Governor, New York
- Stephen Poloz, Special Adviser, Osler, Hoskin & Harcourt and Former Governor, Bank of Canada
- Eric Girard, Finance Minister, Québec
- John Tory, Mayor, City of Toronto
- Jason Kenney, Premier, President of the Executive Council and Minister of Intergovernmental Relations, Alberta
Bloomberg moderators included:
- Amanda Lang, Anchor, BNN Bloomberg
- Sandrine Rastello, Montreal Bureau Chief, Bloomberg
- Danielle Bochove, Toronto Bureau Chief, Bloomberg
- Kevin Orland, Finance Reporter, Bloomberg
The fourth day of the Canadian Fixed Income Conference kicked off with a conversation between Stephen Poloz, Former Governor of the Bank of Canada now Special Adviser at Osler, Hoskin & Harcourt, and BNN Bloomberg’s Amanda Lang. In his first interview since the conclusion of his term at the Bank of Canada, Poloz outlined his views on Canada’s path to recovery from the economic fallout resulting from the Covid-19 pandemic. The former governor argued that monetary policy is close to the limits of what it can achieve and that Canada should use fiscal policy to foster growth. When asked about potential pitfalls of rising government debt, Poloz said, “In the end, I think the sustainability criterion can be met, provided the government money is being used for productive reasons, for productive purposes, and therefore enhances the ability of the economy to grow.”
After interviews with Quebec Finance Minister Eric Girard and Toronto Mayor John Tory, the event concluded with a discussion between Alberta Premier Jason Kenney and Bloomberg’s Kevin Orland. The premier focused on the difficulties facing the energy industry, one of the province’s most important sectors and the work his government is doing to help. One of the topics discussed was the Keystone XL project — a pipeline under construction that aims to connect Alberta’s oil fields to refineries in Illinois and Texas — which U.S. presidential candidate Joe Biden has vowed to cancel if elected. “We made this investment knowing full well there was some political risk involved,” Kenney said. He then vowed to “make the strongest case to a prospective Biden administration.”
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