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EssentialThe Essential Conversation

The Fundamental Shift in the Bank of Canada's Monetary Policy Approach

Featuring Steve Saretsky and Keith Dicker

Jun 04, 2021 • 40 minutes

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Essential

The Essential Conversation

The Fundamental Shift in the Bank of Canada's Monetary Policy Approach

Steve Saretsky and Keith Dicker share their insights on the US dollar, the Bank of Canada, and Canadian financial markets.

Featuring Steve Saretsky and Keith Dicker

Jun 04, 2021 • 40 minutes

Steve Saretsky, realtor and housing analyst at Saretsky Group, welcomes Keith Dicker, founder and CIO of IceCap Asset Management, to discuss the US dollar, the monetary effects of the pandemic, and Canadian financial markets. Dicker states that Covid-19 has forced all central banks, including the Federal Reserve, into quantitative easing, which has weakened the US dollar. However, he argues that the reopening of economies will allow the dollar to regain its strength among global currencies. Furthermore, Dicker draws on his investment experience in Canada to examine the Bank of Canada's response to Covid-19 and Canadian equity markets. He explains the reasoning behind the central bank's unprecedented level of debt purchases as well as Canada’s affinity for financial stocks. Filmed on June 1, 2021. Key Learnings: Dicker argues that the Bank of Canada and other major central banks will look to create a form of digital currency. Unlike cryptocurrency, these digital currencies remove the credit risk associated with depositing money at commercial banks. He states that central banks will have to consider the rate to pay on deposits as well as the logistical challenges associated with a large volume of individual deposits. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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