2025 Credit Outlook Toronto

Hear from our sovereign team on recent and historical rating actions and trends, as well as our global economic outlook for 2025 as we consider geopolitical risks and tensions.

Although the Bank of Canada has started its monetary policy easing cycle, credit, regulatory, and regional challenges still persist for the Canadian banks. Housing costs continue to weigh down Canadian households, commercial real estate, particularly the office sector, remains a concern, the U.S. regional bank sector is posing headwinds, regulatory developments continue to drive capital management strategies, and operational risk management issues are causing heightened concerns.

Numerous countries and corporations globally have now established definitive energy transition objectives. Progress is underway, but many challenges lie ahead in meeting the various objectives. In a panel discussion moderated by Aran Thavaraja, Director, Corporate Debt Strategy, BMO Capital Markets, our Corporate analytical team will discuss how rated entities in project finance, auto manufacturing, engineering and construction, airlines, and fuel production are managing the energy transition pathway. We will provide our thoughts and opinions on planned strategies, progress, challenges, geopolitical considerations, and credit implications for entities in these specific sectors.

While the march towards energy transition continues, the road is filled with unique challenges. Join us for an in-depth conversation with Matthew A. Akman, Executive Vice President, Corporate Strategy and President, Power at Enbridge, as he provides his insights on Enbridge’s approach to investing in renewable energy. The discussion will include an overview of Enbridge’s investment preferences and a discussion on the challenges associated with the regulatory environment, tariffs, access to key raw materials and grid infrastructure.

Kunal Kapoor, CEO, Morningstar sat down with Suzanne Akers, CRO, AIMCo to discuss how their organizations are navigating sustainability in long-term investments, incorporating ESG risks and changing market dynamics.

Join us for a discussion on the Canadian Structured Finance Market, where panelists will focus on the state of the Canadian consumer in the current macroeconomic environment. You can also expect a general performance update of asset classes and a deep dive into the EV market as the sector grows.