Steve Bonnyman

Steve Bonnyman, MBA, CFA®

Co-Head of North American Research and Portfolio Manager

AGF Investments Inc.

Stephen Bonnyman is Co-Head, North American Equity Research and Portfolio Manager of AGF’s Canadian and global resources portfolios. Working closely with the AGF research teams, Steve focuses on identifying resource companies with solid balance sheets, advantaged cost structures, attractive valuations or unrecognized growth. Steve is a member of the AGF Asset Allocation Committee (AAC), which is comprised of senior portfolio managers who are responsible for various regions and asset classes. The AAC meets regularly to discuss, analyze and assess the macro-economic environment and capital markets in order to determine optimal asset allocation recommendations. He joined AGF in 2013 with more than 20 years of buy- and sell-side experience covering the global materials industry, including five years of institutional money management. Prior to joining AGF, Steve was Managing Director and Mining Analyst at a major financial institution, responsible for global company research coverage and equity market analysis. Prior to that, he was an analyst and portfolio manager at two leading asset management firms. Steve has a B.Sc. in Geology from McMaster University and an MBA from Dalhousie University. He is a CFA charterholder.

Recent Articles from this contributor
post image Why investors might feel like it’s the ‘90s again

Why investors might feel like it’s the ‘90s again

Some aspects of the current market environment harken back to the 1990s.

post image A harbinger of what’s to come: Consolidation in the energy industry

A harbinger of what’s to come: Consolidation in the energy industry

What does this current wave of acquisitions in the energy industry mean? AGF’s Steve Bonnyman…

post image Oil in 2019: Geopolitics are likely to continue to impact oil this year

Oil in 2019: Geopolitics are likely to continue to impact oil this year

After a rocky ride in 2018—driven by too much supply and geopolitical risks—oil producers are…

post image Stormy weather: Markets are roiled by the hurricane and the thunder created by the Fed

Stormy weather: Markets are roiled by the hurricane and the thunder created by the Fed

AGF’s Steve Bonnyman gives his perspective on recent market volatility, driven by trade disputes, a president fighting with the Fed, and how investors should position themselves going forward.

post image A stormy summer for oil markets

A stormy summer for oil markets

Commodity markets continue to be shaken by trade risks, slowing economies and U.S. dollar strength….

post image 4 facts about stock returns in rising rate environments

4 facts about stock returns in rising rate environments

Equity markets face a growing risk in rising interest rates, but history shows they can still do well depending on how fast and how high rates climb.

post image What’s really driving oil prices higher?

What’s really driving oil prices higher?

The recent run up in oil prices has caught the attention of investors, with WTI…

post image Why energy stocks have lagged oil prices

Why energy stocks have lagged oil prices

Crude oil prices reached three-year highs last week, yet energy equities have failed to keep…

post image Oil prices are rallying

Oil prices are rallying

Oil prices have moved substantially higher in recent months, driven by global demand and a…

post image How geopolitics are impacting commodity prices

How geopolitics are impacting commodity prices

Saudi Arabia is the latest country to make geopolitical headlines with corruption allegations domestically and…

post image Is the energy rally sustainable?

Is the energy rally sustainable?

Steve Bonnyman offers a recap of the top economic events from the prior week, as…