New York City | October 2, 2018

Bloomberg Canadian Fixed Income Conference

The Canadian Fixed Income Conference offers an in-depth look at the market for Canadian bonds, the economy, and monetary policy. From business investment to asset prices, we’ll examine the impact of policy tightening by central banks including the Bank of Canada. While Canada has joined in the global growth party, NAFTA negotiations and the shift toward protectionist U.S. trade policies has the Canadian economy on notice. Bloomberg journalists will interview corporate and government leaders, investors and analysts to provide a deeper understanding of Canada’s fixed-income market.

October 2 - Tuesday

8:00 am

Registration & Networking Breakfast

8:25 am

Welcome Remarks

Host

8:30 am

Opening Remarks

Speaker

8:40 am

Self-Inflicted Wounds

The global economy had a good thing going as 2018 started out in a rare period of synchronized growth. U.S. tax cuts put visions of 4 percent growth in our heads and stock markets could do no wrong. Then Trump threw down the gauntlet on trade. How big a disruption will tit-for-tat tariffs be? Where do they leave monetary policy? Beyond trade, what's in store for Canadian growth, how quickly will Bank of Canada Governor Stephen Poloz raise interest rates and what do those U.S. tax cuts mean for competitiveness north of the border?

Speakers

Moderator

9:05 am

Newsmaker Interview: From Strategic Drift to Back to Basics

Speaker

  • Evan Siddall

    President & Chief Executive Officer, Canada Mortgage Housing Corp

9:25 am

Future of Canadian REITs

The Canadian property market from warehouses to offices is booming. Though REITs have had a relatively strong performance this past year, the industry still faces headwinds from rising interest rates, trade tensions and a volatile Canadian dollar. What's the outlook for Canadian real estate investment trusts and what can investors expect moving forward?

Speakers

  • Peter Sweeney

    Chief Financial Officer, SmartCentres Real Estate Investment Trust

  • Qi Tang

    Chief Financial Officer, RioCan REIT

  • Bradley Weismiller

    Managing Director, Head of Capital Markets, Brookfield Property Group

Moderator

9:50 am

Newsmaker Interview: Bridge to Modern Infrastructure and Investment

Canada faces an infrastructure backlog that could be a drag on growth. Prime Minister Justin Trudeau's government is allotting C$180 billion over 12 years, but it doesn't believe that's enough either -- the country is launching an infrastructure bank in hopes of spurring big projects. We'll go straight to the source to understand what kind, to what end, and hope to draw conclusions as to where the investment opportunities lie.

Speaker

Moderator

10:10 am

Bloomberg Presentation: Charting Fixed Income

Through the power of the Bloomberg terminal, we'll showcase the tools and solutions required to compete in the local and global financial markets. With a specific focus on the Bloomberg Barclays Canada Aggregate Index, which caters to the needs of the local Canadian fixed income market, we'll show how we can provide investors and managers a competitive choice in the selection of a benchmark index.

Speaker

10:15 am

Networking Break

10:30 am

Financing & Powering Up the North

Speaker

Moderator

10:40 am

Interview:

11:00 am

Gold Crunch: Replenishing Supply in a Debt-Wary Climate

Gold companies emerged from a five year downturn battle-scarred and under enormous pressure from shareholders to slash debt and repair their balance sheets. With most of the heavy lifting done, the industry is now addressing production woes and the heavy capital injections required to replenish shrinking pipelines. Is a fresh wave of borrowing imminent or will miners stay on the sidelines? If global trade tensions disrupt economic growth, what will that mean for the U.S. dollar, inflation, and ultimately the willingness of miners to spend? And in a climate in which sexier commodities like EV metals and cryptocurrencies

Speakers

  • Jason Attew

    EVP, Chief Financial Officer & Corporate Development, Goldcorp

  • Carol Banducci

    EVP & Chief Financial Officer, IAMGOLD Corporation

Moderator

11:25 am

Insights From the Country That Invented ETFs

As the ETF market grows globally, we'll drill down into the specific opportunities investors and issuers are seeing in Canada. For example, active managers have captured a large percentage of Canada’s ETF market compared with its U.S. counterpart; thanks to result of a regulatory advantage that lets fund managers keep their strategies close to their vest. Additionally across the region, we're also seeing a rise in AI managed ETFs, ESG focused funds, and balanced ETFs potentially becoming the future of the industry. We'll gather thought leaders in the space to examine all aspects of this growing investment opportunity.

Speaker

  • Deborah Frame

    President & ETF Portfolio Strategist, Frame Global Asset Management

  • Kevin Gopaul

    Head, Global Head of ETFs & Chief Investment Officer, BMO Global Asset Management Canada

  • Steve Hawkins

    Co-Chief Executive Officer, Horizons ETFs

  • Patrick McEntyre

    Managing Director Electronic Trading & Services, National Bank Financial

11:55 am

Lunch

1:15 pm

Welcome Back

Host

1:20 pm

Newsmaker Interview

1:40 pm

Canadian Energy Comeback: The Challenges That Remain

Canada's energy sector has posted a remarkable recovery this year, with oil prices rising above $70 a barrel and the discount on Canadian crude shrinking. Yet the good fortune hasn't been equally distributed. Many smaller oil and gas producers are still facing pipeline bottlenecks and working to repair balance sheets battered by the downturn, while oilfield-service providers have struggled to increase prices. Meanwhile, midstream operators are having a difficult time funding all of the projects their customers are demanding. We'll talk to three companies spanning the energy supply chain and the credit-rating spectrum about the outlook for these issues.

Speakers

Moderator

2:05 pm

Energy Patch Comeback: Fuel Retailers View

The Canadian energy recovery has boosted the fortune of struggling oil companies, while natural-gas producers continue to contend with sustained low prices. We'll speak to energy retailers about debt plans, capital spending and the credit impact of volatile prices.

Speakers

  • Mike McMillan

    Chief Financial Officer, Parkland Fuel Corporation

  • Beth Summers

    Executive Vice-President & Chief Financial Officer, Superior Plus Corp.

2:30 pm

The Green Bond Boom

The global green bond market has been pretty impressive this year, and the market in Canada has been no exception with a number of first-time issuers, including the city of Toronto. What are the drivers behind the green bond boom? What market developments are needed to secure green bond growth? How do green, social and sustainability bonds fit into the strategies of credit investors?

Speakers

Moderator

2:55 pm

Public Sector Borrowers

Speakers

  • Jim Hopkins

    Assistant Deputy Minister of Provincial Treasury, Ministry Finance, British Columbia

  • Lowell Epp

    Assistant Treasury Minister, Treasury and Risk Management, Alberta Treasury Board and Finance

3:25 pm

Pension Issuer Outlook

Canadian pension funds are broadly viewed as very sophisticated investors and they're also on the cutting edge of new bond issuances. The highly-rated institutions are comfortable selling debt both in their domestic market and outside it, while CPPIB in June became the world's first pension fund to price green bonds.

Speakers

  • Yassir Berbiche

    Vice President Treasury, Performance and Valuation, CDPQ

  • Renaud De Jaham

    Vice President & Treasurer, Public Sector Pension Investment Board

  • James Logush

    Managing Director, Head of Financing, Cash & Liquidity Group, CPPIB

Moderator

3:50 pm

Insurance Outlook: Catastrophe, Housing and Casualties

With interest rates rising across the board, insurance companies stand to reap its rewards. At the same time, political upheaval, regulatory changes and technological disruptions are forcing insurance companies to keep up with the rapid evolution of the business. What does Canada's largest property and casualty insurer think about the state of the industry today in North America? What are the biggest risks in the market to look out for and what are some potential tailwinds? What is the emerging role of technology in the sector?

Speaker

Moderator

4:00 pm

Sifting Sands: Canadian Telco Debt in an Uncertain Climate

The Canadian telecom sector seems on the verge of being upended. New wireless players are challenging the Big Three incumbents and upcoming wireless spectrum auctions could reshape the landscape. Pressure continues to build on the broadcast front amid the streaming steamroller. Meanwhile, there is increased need for infrastructure spending to keep pace with technological change and to increase rural penetration. How will major and regional players adapt and what will be their financing needs in coming years? What impact will the Bank of Canada's policies play on domestic bond issuance? This year Rogers, BCE and Telus sold 30 year bonds in U.S. Dollars; will that trend continue?

Speaker

Moderator

4:10 pm

What's Coming Next in Canadian Markets

Canadian economic risks range from trade tensions to housing policy and likely interest- rate hikes in both Canada and the U.S. The country is also on the verge of a massive deleveraging, which should have a major impact on mortgage-backed securities, credit cards and eventually corporate bonds. Where are the best opportunities in credit in coming months? What are the biggest risks right now and how should investors hedge against them? Are we expecting a migration from equity to debt as expectations for rate increases grow? Will companies keep issuing record debt? Are we heading into more distressed situations?

Speakers

Moderator

4:30 pm

Closing Remarks

Host

Speakers

Jason Attew

Goldcorp EVP, Chief Financial Officer & Corporate Development

Carol Banducci

IAMGOLD Corporation EVP & Chief Financial Officer

Yassir Berbiche

CDPQ Vice President Treasury, Performance and Valuation

Romas Budd

1832 Asset Management L.P. Vice President & Head Fixed Income

Beata Caranci

TD Bank Group SVP & Chief Economist

Renaud De Jaham

Public Sector Pension Investment Board Vice President & Treasurer

Ed Devlin

PIMCO Managing Director

Frances Donald

Manulife Asset Management Senior Economist

Lowell Epp

Alberta Treasury Board and Finance Assistant Treasury Minister, Treasury and Risk Management

Dagmara Fijalkowski

RBC Global Asset Management Head, Global Fixed Income & Currencies

Carey Ford

Precision Drilling Corp. Chief Financial Officer

Deborah Frame

Frame Global Asset Management President & ETF Portfolio Strategist

Cameron Friesen

Manitoba, Canada Minister of Finance

Jim Hopkins

Ministry Finance, British Columbia Assistant Deputy Minister of Provincial Treasury

Arthur Kacprzak

Algonquin Power & Utilities Corp. Treasurer

Steven Kroeker

Keyera Chief Financial Officer

James Logush

CPPIB Managing Director, Head of Financing, Cash & Liquidity Group

Pierre Lavallée

Canada Infrastructure Bank President & Chief Executive Officer

Bernard Lee

Paramount Resources Ltd. Chief Financial Officer

Stephen Lewis

Telus Senior Vice-President & Treasurer

Louis Marcotte

Intact Financial Corporation Chief Financial Officer

Stéfane Marion

National Bank of Canada Chief Economist and Strategist

Mike McMillan

Parkland Fuel Corporation Chief Financial Officer

Evan Siddall

Canada Mortgage Housing Corp President & Chief Executive Officer

Beth Summers

Superior Plus Corp. Executive Vice-President & Chief Financial Officer

Peter Sweeney

SmartCentres Real Estate Investment Trust Chief Financial Officer

Qi Tang

RioCan REIT Chief Financial Officer

Bradley Weismiller

Brookfield Property Group Managing Director, Head of Capital Markets

Randy LeClair

City of Toronto Senior Investment Advisor

Sponsor

National Bank of Canada Financial Markets is a trade name of National Bank Financial Inc., a registered dealer subsidiary of National Bank of Canada, and part of the Bank’s Financial Markets division (www.nbfm.ca). National Bank of Canada (www.nbc.ca), together with its subsidiaries, forms one of Canada’s leading integrated financial groups.  Through offices across Canada and locations in New York, London, Dublin and Hong Kong, the Financial Markets division markets Canadian debt and equity securities to institutional investors in Canada and internationally.  National Bank Financial Inc. has a registered office in the United Kingdom and is authorized and regulated by the Financial Conduct Authority.