Latest news with #IsabelleMateosyLago
Hamilton Spectator
3 hours ago
- Business
- Hamilton Spectator
Canada could gain as global investors rethink U.S. emphasis: BNP economist
TORONTO - Canada stands to gain as global investors rethink their focus on the United States, the chief economist at one of Europe's largest banks says. BNP Paribas chief economist Isabelle Mateos y Lago said in an interview that the volatility in the U.S. is making investors regain an appreciation of the value of stable returns and predictability, even if it means giving up some of the outsized gains it has offered in recent years. 'The general situation is every investor on the face of the planet has been very overweight (the) U.S. economy, and is now going through a thought process of thinking, maybe I shouldn't be so overweight the U.S. economy, and I need to diversify and find alternatives,' she said. 'So every other geography is going through a bit of a beauty contest right now in the eyes of global investors, and has an opportunity to shine, and I think Canada is one of those.' Mateos y Lago, who was in Toronto this week visiting clients, said Canada's recent election helps give the country some momentum, while efforts to address structural barriers like internal trade will also help growth. 'It's a moment of opportunity and so I would be shocked if Canada didn't benefit from it.' The effects of investors shifting away from the U.S. can already be seen in Canada's main stock index, as the S&P/TSX composite hit record highs this week. Mateos y Lago, who was chief markets strategist at U.S. investment manager BlackRock before taking the top economist job at BNP last year, said the focus on the U.S. in recent years has also meant other markets are relatively cheap, helping make them opportunities worth looking at. European countries are looking to Canada as a source of trade diversification, just as Canada is looking across the Atlantic. Geography does present challenges, but otherwise there's much going for increased ties including language, culture and regulations, she said. 'There are obvious complementarities, and things that should make this easier than with some other potential trade counterparts,' said Mateos y Lago. 'There's a renewed momentum on both sides to try and diversify from the U.S. market, and so this mutual interest, I'm sure the talks will be fruitful.' While Canada already has free trade deals in place with Europe, along with many other partners, Mateos y Lago said there's room to be more ambitious by further reducing tariffs and trade barriers between partners. Prime Minister Mark Carney will have an opportunity to talk directly with his European counterparts as G7 leaders, which include France, Germany, Italy and the United Kingdom along with Japan and the U.S., are set to meet next week in Alberta. As chair of the G7 this year, Canada has an important role to play in trying to save and preserve the rules-based global order that has benefited so many, said Mateos y Lago. 'Canada is one of the countries that can help emphasize the interests that all the key economies have in common, and keep working together and trying to safeguard as much of the existing system of rules as can be because that will be to the benefit of all,' she said. 'The more we see that there is common ground still across all the members of the G7, and maybe on some issues with the broader invited guests, I think the more that will be a sign to economic agents everywhere that it's OK, that the house is still standing.' This report by The Canadian Press was first published June 12, 2025.
Toronto Sun
8 hours ago
- Business
- Toronto Sun
Canada could gain as global investors rethink U.S. emphasis: BNP economist
Published Jun 12, 2025 • 3 minute read Signage on a BNP Paribas Bank branch is seen in Nice, France, Wednesday, Sept. 14, 2011. Photo by Lionel Cironneau / The Associated Press Canada stands to gain as global investors rethink their focus on the United States, the chief economist at one of Europe's largest banks says. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account BNP Paribas chief economist Isabelle Mateos y Lago said in an interview that the volatility in the U.S. is making investors regain an appreciation of the value of stable returns and predictability, even if it means giving up some of the outsized gains it has offered in recent years. 'The general situation is every investor on the face of the planet has been very overweight (the) U.S. economy, and is now going through a thought process of thinking, maybe I shouldn't be so overweight the U.S. economy, and I need to diversify and find alternatives,' she said. 'So every other geography is going through a bit of a beauty contest right now in the eyes of global investors, and has an opportunity to shine, and I think Canada is one of those.' Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Mateos y Lago, who was in Toronto this week visiting clients, said Canada's recent election helps give the country some momentum, while efforts to address structural barriers like internal trade will also help growth. 'It's a moment of opportunity and so I would be shocked if Canada didn't benefit from it.' The effects of investors shifting away from the U.S. can already be seen in Canada's main stock index, as the S&P/TSX composite hit record highs this week. Mateos y Lago, who was chief markets strategist at U.S. investment manager BlackRock before taking the top economist job at BNP last year, said the focus on the U.S. in recent years has also meant other markets are relatively cheap, helping make them opportunities worth looking at. This advertisement has not loaded yet, but your article continues below. European countries are looking to Canada as a source of trade diversification, just as Canada is looking across the Atlantic. Geography does present challenges, but otherwise there's much going for increased ties including language, culture and regulations, she said. 'There are obvious complementarities, and things that should make this easier than with some other potential trade counterparts,' said Mateos y Lago. 'There's a renewed momentum on both sides to try and diversify from the U.S. market, and so this mutual interest, I'm sure the talks will be fruitful.' While Canada already has free trade deals in place with Europe, along with many other partners, Mateos y Lago said there's room to be more ambitious by further reducing tariffs and trade barriers between partners. This advertisement has not loaded yet, but your article continues below. Prime Minister Mark Carney will have an opportunity to talk directly with his European counterparts as G7 leaders, which include France, Germany, Italy and the United Kingdom along with Japan and the U.S., are set to meet next week in Alberta. As chair of the G7 this year, Canada has an important role to play in trying to save and preserve the rules-based global order that has benefited so many, said Mateos y Lago. 'Canada is one of the countries that can help emphasize the interests that all the key economies have in common, and keep working together and trying to safeguard as much of the existing system of rules as can be because that will be to the benefit of all,' she said. 'The more we see that there is common ground still across all the members of the G7, and maybe on some issues with the broader invited guests, I think the more that will be a sign to economic agents everywhere that it's OK, that the house is still standing.' Read More Toronto & GTA World Celebrity World Toronto Blue Jays
Winnipeg Free Press
10 hours ago
- Business
- Winnipeg Free Press
Canada could gain as global investors rethink U.S. emphasis: BNP economist
TORONTO – The chief economist at one of Europe's largest banks says Canada stands to gain as global investors rethink their focus on the United States. BNP Paribas chief economist Isabelle Mateos y Lago says the volatility in the U.S. is making investors regain an appreciation of the value of stable returns and predictability, even if it means giving up some outsized gains. She says countries around the world are now in a sort of beauty contest as they market themselves to investors looking to diversify from the U.S., and she would be shocked if Canada doesn't benefit. Mateos y Lago, who was chief markets strategist at U.S. investment manager BlackRock before moving over to BNP last year, says the recent Canadian election also helps create momentum and that long-overdue structural reforms will also boost interest. While Canada already has many free trade deals in place, she says there is room to improve them by further lowering barriers as a way to help the country expand its scale and markets. Monday Mornings The latest local business news and a lookahead to the coming week. Mateos y Lago says Canada also has an important role as chair of the G7, which meets in Alberta next week, by doing what it can to save and preserve as much of the existing international rules and order that have benefited so many. This report by The Canadian Press was first published June 12, 2025.
CTV News
10 hours ago
- Business
- CTV News
Canada could gain as global investors rethink U.S. emphasis: BNP economist
Signage on a BNP Paribas Bank branch is seen in Nice, France, Wednesday, Sept. 14, 2011. THE CANADIAN PRESS/AP-Lionel Cironneau TORONTO — The chief economist at one of Europe's largest banks says Canada stands to gain as global investors rethink their focus on the United States. BNP Paribas chief economist Isabelle Mateos y Lago says the volatility in the U.S. is making investors regain an appreciation of the value of stable returns and predictability, even if it means giving up some outsized gains. She says countries around the world are now in a sort of beauty contest as they market themselves to investors looking to diversify from the U.S., and she would be shocked if Canada doesn't benefit. Mateos y Lago, who was chief markets strategist at U.S. investment manager BlackRock before moving over to BNP last year, says the recent Canadian election also helps create momentum and that long-overdue structural reforms will also boost interest. While Canada already has many free trade deals in place, she says there is room to improve them by further lowering barriers as a way to help the country expand its scale and markets. Mateos y Lago says Canada also has an important role as chair of the G7, which meets in Alberta next week, by doing what it can to save and preserve as much of the existing international rules and order that have benefited so many. This report by The Canadian Press was first published June 12, 2025.
Yahoo
10 hours ago
- Business
- Yahoo
Canada could gain as global investors rethink U.S. emphasis: BNP economist
TORONTO — The chief economist at one of Europe's largest banks says Canada stands to gain as global investors rethink their focus on the United States. BNP Paribas chief economist Isabelle Mateos y Lago says the volatility in the U.S. is making investors regain an appreciation of the value of stable returns and predictability, even if it means giving up some outsized gains. She says countries around the world are now in a sort of beauty contest as they market themselves to investors looking to diversify from the U.S., and she would be shocked if Canada doesn't benefit. Mateos y Lago, who was chief markets strategist at U.S. investment manager BlackRock before moving over to BNP last year, says the recent Canadian election also helps create momentum and that long-overdue structural reforms will also boost interest. While Canada already has many free trade deals in place, she says there is room to improve them by further lowering barriers as a way to help the country expand its scale and markets. Mateos y Lago says Canada also has an important role as chair of the G7, which meets in Alberta next week, by doing what it can to save and preserve as much of the existing international rules and order that have benefited so many. This report by The Canadian Press was first published June 12, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
