GlobalCapital, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
TORONTO, CANADA - 12TH OCTOBER 2013:Modern Condos in Canada

RBC Canadian Public Sector Borrowers Roundtable

Canada has a compelling macroeconomic story to tell. Growth has surprised on the upside, unemployment levels have been testing all-time lows, and public sector debt is low by international standards. How long this bright picture can be maintained is open to question, with inflation still running above Bank of Canada targets in spite of tighter monetary policy.

Sharp rises in interest rates have yet to filter through to the housing market, but economists have been expressing concerns about affordability in the sector. Nevertheless, although diminishing household spending power is likely to push GDP lower, the consensus appears to be that factors such as strong population growth will ensure that Canada’s expected economic downturn is mild.

Against this backdrop, it is unsurprising that local and international investor demand for exposure to Canadian public sector issuers remains strong. A number of those borrowers gathered at the RBC Capital Markets/GlobalCapital Canadian Public Sector Borrowers roundtable to shed light on their funding strategies in domestic and offshore markets.

Roundtable participants

Toby Fildes, managing editor, GlobalCapital (moderator)
Renaud de Jaham, managing director and head of treasury, Public Sector Pension Investment Board (PSP)
Marty White, director, provincial trading, RBC Capital Markets
Alex Caridia, head of public sector markets, RBC Capital Markets
John Sim, portfolio manager, Canada Pension Plan Investments (CPP Investments)
Charles Perreault, director, reserves management, Finance Canada
David Ayre, treasurer, Canada Mortgage and Housing Corporation (CMHC)
Jason Daw, head of North American rates strategy, RBC Capital Markets
James Solomon, director, DCM syndicate, RBC Capital Markets