Perspectives

This episode we're bringing you a recording of a special live event that took place the morning after election day. Scotiabank Global Banking and Markets assembled a panel of experts to give their first take on the potential economic implications of the election results.    You'll hear from Rebekah Young, Vice President and Head of Inclusion & Resilience Economics at Scotiabank, Roger Quick, Director of Fixed Income Strategy at Scotia Capital Inc., Hugo Ste-Marie, Director of Portfolio and Quantitative Strategy in Equity Research at Scotia Capital Inc. and Patrick Bryden, Global Head of Thematic & Sustainability Investment Research at Scotia Capital Inc. The event was moderated by Bannon Kopko, Managing Director of Global Equity Sales at Scotiabank Global Banking and Markets. They'll give us their first take on the macro-economic implications of the election results, what it means and where things could be heading.    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures Key moments this episode:  1:49 - Rebekah Young discuss the challenges Prime Minister Mark Carney faces in a minority situation in advancing an economic agenda and dealing with the tariff threat  9:58 - Roger Quick looks at the potential impact on interest rates, federal budget deficits, and bond yields   15:48 - Hugo Ste-Marie discusses the stock market implications  20:24 - Patrick Bryden covers sector specific implications, including energy, renewables, mining and more  28:45 - Question for Rebekah and Roger: What would the deficit look like if Canada enters a moderate recession in the next couple of years?  32:24 – How might a response to President Trump look for the Prime Minister? And does a minority government affect negotiating?  

No matter what stage you're at in life, saving and investing can seem daunting. That's why this episode, we're bringing you the first of a two-part series we're calling Investing Through the Ages. In it, we'll work our way through different age groups and break down how they should be thinking about saving and investing at each stage along the way. In this installment, we're focusing on what experts call the accumulation stage – roughly age 25 to 50. These are most people's core working years where they accumulate the majority of their wealth. Devon Lacombe, Vice President of Retail Investments at Scotiabank, is our guest and has some practical tips on how to balance short-term and long-term savings goals during this pivotal phase.    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  2:05 – Devon explains what the accumulation phase is  3:44 – The start of the accumulation stage: how should people be investing and saving in their 20s and 30s  4:36 – A key tool to ensure people are hitting their saving and investment goals during this period  5:48 – The first type of account people should be thinking of during this phase  8:11 – What about people who are carrying student debt? How should they approach saving?  9:43 – The benefits of starting to save and invest early  10:53 – At what point should someone talk to an advisor when it comes to saving and investing?  11:55 – A mistake Devon made early in her accumulation stage and the lesson she learned from it  13:04 – The next potential milestone during the accumulation stage: home ownership. How does that factor into investing and saving goals?  14:06 – A primer on the First Home Savings Account (FHSA)  15:55 – How much of your income should go towards home expenses?  17:11 – What about buying a house as an investment?  18:32 – Another milestone during this phase: having children. Devon explains how an RESP works  19:27 – How to prioritize saving and investing when financial responsibilities are piling up during this phase  22:31 – How to approach investing during the next major life milestone: middle age (and a good benchmark for what you should have saved for retirement at this point)  24:50 – How should wealth transfer from parents impact financial planning?  26:02 – Planning for the next phase (and our next installment of this series): the decumulation stage 

The Bank of Canada announced that it held its policy interest rate steady at 2.75% — a pause after seven consecutive cuts — as uncertainty about tariffs and the economy continues to cloud the global outlook. Experts were split on whether the central bank would deliver a cut or a hold.    Scotiabank's Chief Economist Jean-François Perrault returns to break down the announcement, provide some context around why the Bank of Canada went this direction, what it might say about the state of the economy, take stock of where we are with the ever-evolving global tariffs and much more.    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:    1:11- JF's main takeaway from the Bank of Canada's latest decision  1:54 - Was a hold the right call?  2:45 - What did we learn from the latest inflation data for March about the impact on the economy?  3:49 - The Bank of Canada laid out two illustrative scenarios for the economy, as it is difficult to create a forecast with so much uncertainty. JF explains why this is so rare, and walks us through the central bank's two scenarios  5:52 - What does JF forecast as the most likely scenario?  7:17 - What is the probability of a severe recession in Canada?  8:56 - An overview of the current state of tariffs in Canada and internationally  12:00 - Are higher costs for businesses and suppliers starting to pass through to consumers?  13:08 - What are the impacts on Canada's jobs market?  14:23 - What has the ripple effect been on the country's housing market?  16:07 - JF's cautious outlook for upcoming Bank of Canada's decisions  18:22 - Main takeaways for Canadians 

In this episode, our guest is Indigenous entrepreneur, CEO and founder of the Indigenomics Institute, Carol Anne Hilton. Her first book, Indigenomics: Taking a Seat at the Economic Table came out in 2021. Her new book is titled The Rise of Indigenous Economic Power: Deconstructing Indian Act Economics. You'll hear a conversation between Carol Anne and Clint Davis, CEO of Cedar Leaf Capital, the first Indigenous-led, Indigenous-owned investment dealer in Canada. They talk about her new book, the massive potential of the Indigenous economy in Canada and more.      For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:30 – Carol Anne gives us an overview of her new book, The Rise of Indigenous Economic Power: Deconstructing Indian Act Economics  2:20 – What she aimed to accomplish with this second book  3:25 – Defining what Carol Anne's new book calls Indian Act economics  6:03 – How the 1876 Indian Act still impacts Indigenous economic development today  8:25 - How Indian Act economics also impacts non-Indigenous Canadians  10:57 – Carol Anne tells us about the ‘phenomenal rise of Indigenous entrepreneurs'  13:48 – The goal of creating a 100-billion-dollar Indigenous economy in Canada  17:12 – Why traditional GDP may not properly capture Indigenous economic power and strength  18:43 - Do we need to get rid of the Indian Act in order to fully unleash the economic potential of Indigenous Peoples?  20:30 – What is the role of the federal government to empower Indigenous economic growth?  22:30 - What does Indigenous economic power look like today and how is it shifting?  24:58 – How the unique location that Carol Anne wrote part of the book helped clarify the themes she was writing about  26:21 – Why focusing on Indigenous economic inclusion is especially important during these times of economic uncertainty

When they think about the economy of Canada's Atlantic provinces — New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador — no doubt many Canadians' minds first go to the fishing industry. But it's so much more than that. In fact, the Atlantic economy has taken on a new sense of vibrancy and diversity in recent years. Scotiabank's Atlantic Regional Senior Vice President Nicola Ray Smith and David Chaundy, the President and CEO of The Atlantic Economic Council, join us to help break down the current state of the economy in Atlantic Canada.    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:    1:54 – David gives us a snapshot of the Atlantic Canadian economy  4:22 – What Nicola is hearing from her clients about the general mood around the Atlantic Canadian economy  6:18 – David gives a surprising stat about the Atlantic Canada fishing industry and a primer about what other industries play a significant role  9:24 – What sector is a growth area in the region?  9:53 – What other Canadians may be surprised about when it comes to the Atlantic Canadian economy  13:40 – How population growth and shifting demographics factor into the economics of the region  17:35 – Both guests tell us what they see as the biggest challenges are for the Atlantic provinces from an economic perspective, as well as the biggest opportunities  22:56 – Nicola reflects on the significance of Scotiabank's history in the region 

A federal election in Canada is just a few weeks away and top of mind for many voters is the economy and the volatile trade situation with the U.S. Rebekah Young, Vice President and Head of Inclusion and Resilience Economics at Scotiabank, is our guest to tell us how the election could be an opportunity to think about how we make the Canadian economy more resilient and less vulnerable to external forces.    Check out the Scotiabank Economics full report, Owning the Podium in Canada's Federal Elections for more.    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures Key moments this episode:    1:40 – The crux of what this new Scotiabank Economics report is asking of campaigning politicians  2:57 – The specific number the report says politicians should be aiming for when it comes to economic growth (and why it was chosen) 6:43 – Why this challenge is necessary  9:26 – What are the policies a government might implement to achieve these goals?  14:01 – How is the responsibility divided up between public and the private sector?   17:10 – How the threat of tariffs and economic uncertainty are making us rethink things like interprovincial trade and regulation  20:00 – Some of the short term or temporary measures that could help achieve the proposed economic goal in the report  23:57 – What Rebekah and the economics team will be looking for as the campaign rolls out  27:07 – What should Canadians be looking for in an election campaign? 

The Bank of Canada has announced it has cut its policy interest rate by 25 basis points, bringing it down to 2.75% amid looming threats and what the central bank called “pervasive uncertainty”. Scotiabank's Chief Economist Jean-François Perrault returns to the podcast to help unpack the announcement, how the uncertainty alone may be impacting Canadians, the outlook for Canada's economy, and much more.   For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures  Key moments this episode:  1:35 - JF's main takeaway from the Bank of Canada's decision to cut its policy rate  2:27 - Did the central bank make the right decision?  2:28 - Where are we at in terms of inflation in Canada?   7:17 - Could the tariff measures implemented to date and the uncertainty alone push us into recession?  10:02 - JF's thoughts on rate cut decisions for the rest of the year  11:07 - What are the chances of an interest rate increase at this point?  11:53 - What JF has to say to Canadians who may be worried  12:39 - JF's main takeaways from the Bank of Canada's interest rate decision 

Severe U.S. tariffs were imposed on Canada and Mexico this week, and the situation continues to evolve by the hour. Regardless of how long they last or if some sort of compromise is found, many Canadians are worried about the potential impact on their portfolios. Here to help us make sense of all this market uncertainty is Andy Nasr, Chief Investment Officer at Scotiabank Global Wealth Management.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:50 – Giving some historical perspective around how the U.S. tariffs compare to other recent economic crises  7:04 – What Andy is hearing from clients and investors vs. the reality of the situation  12:45 – What Andy would tell the average investor in terms of how to navigate the current situation and why time-tested investing principles still apply  16:44 – Why a little perspective may help investors during this unusual time  

March is Fraud Prevention Month and Tammy McKinnon, Scotiabank's Senior Vice President of Global Fraud Management is back to bring us up to speed on the latest scams and has eight simple tips for how to avoid falling victim.    For more fraud prevention resources, check out Scotiabank's Cybersecurity and Fraud Hub.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  0:01 – What is ‘pig butchering' and how did it become the most costly online scam of 2024?  1:54 – What about demographics? Are certain groups the target of scams?  2:21 – Breaking down the latest scams: what is quishing?  3:39 – Ticket sales scams  4:37 – What is ‘loyalty fraud'?  5:31 – Fraud prevention tip #1: create a code word  7:37 – Fraud prevention tip #2: beware of deepfakes  10:05 – Fraud prevention tip #3: slow down  11:46 – Fraud prevention tip #4: limit what you share on social media  13:05 – Fraud prevention tip #5: if it sounds too good to be true, it probably is  13:51 – Fraud prevention tip #6: always verify the people contacting you  15:04 – Fraud prevention tip #7: monitor your accounts  16:54 – Fraud prevention tip #8: educate yourself

Despite general economic uncertainty, there's reason to be optimistic about Canada's housing market. Tracy Gomes, Senior Vice President of Real Estate Secured Lending at Scotiabank and Scotiabank Chief Economist, Jean-François Perrault join us to give the lay of the land ahead of what is shaping up to be a strong spring real estate season.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:22 – JF and Tracy give us a quick summary of the current real estate market  2:20 – Breaking down the new buyer-friendly regulations that recently came into effect  6:37 – Why things are looking optimistic for the spring real estate market  9:13 – Do changes in immigration policy have any effect on housing demand?  10:10 – Tracy tells us what the sentiment is from folks on the ground in the housing market  11:22 – Why developers aren't necessarily optimistic right now  12:36 – Will prices be increasing this fall?  13:50 – Where Canada is at in terms of construction of new housing (including condos)  15:29 – The number one question on mortgage clients' minds right now  18:45 – Why tariff uncertainty could be both good and bad news for mortgage holders and would-be buyers  21:00 – What should people who are looking to buy a house this spring be asking themselves? 

Finances aren't the most romantic conversation starter. But it's a talk that has to happen sooner or later in every relationship. And according to our guest, learning to have productive discussions about money can help you have healthier conversations in other aspects as a couple. So, life transitions expert, speaker, coach and consultant for Scotiabank and The Scotiabank Women Initiative Dr. Amy D'Aprix is back with some practical advice on how to talk to your partner about money.  There is a lot to consider when planning for your future. Discover Scotia Wealth Management's Total Wealth Planning process and how it can benefit you. Learn More at https://www.scotiawealthmanagement.com/ca/en/about-us.html  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures  Key moments this episode:  1:58 – The top issues Amy hears about from couples when it comes to talking about money  3:46 – Why the ‘sandwich generation' may have an especially hard time talking about money with their partners  5:42 – How to start a conversation around early inheritance   8:00 – Some strategies for having productive conversations around money with a partner  11:41 – When money conversations tend to happen in a relationship (and why it might be too late)  12:37 – Why having productive money conversations can help other aspects of a relationship  13:31 – How to handle things when partners have differing approaches to money  15:03 – A trick from the Harvard Negotiation Project can help make a big difference in couples agreeing on finances  16:55 – Is having just one person handle the finances in a relationship okay?  21:17 – What conversations should couples have before they move in together?  22:41 – One thing you should never say to your partner when it comes to money  23:40 – Why conversations about money aren't really about money 

Canadians breathed a sigh of relief late Monday when U.S. President Donald Trump and Prime Minister Justin Trudeau announced an agreement to pause threatened tariffs that would have had a huge impact on the Canadian economy. The pause is for 30 days, during which time Canada and the U.S. will discuss other economic issues between the two countries.   Scotiabank Chief Economist Jean-François Perrault joins us to discuss the latest developments in the potential trade war, the impact tariffs could have on Canadians, and what policy changes Canada could consider to make itself less vulnerable to these kinds of actions in future.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:22 – JF catches us up on what has happened with tariffs over the last 24 hours  3:49 – What economic issues might come up in further Canada/U.S. tariff negotiations?  5:57 – With the tariffs only delayed, what is the ongoing impact for the Canadian economy?  9:07 – Can (or should) Canada be ‘tariff-proofed' moving forward?  11:13 – How this latest tariff news might affect the outlook on Canada's economic growth and future Bank of Canada rate cuts  13:51 – What might happen next?  15:20 – The key takeaways for Canadians 

The Bank of Canada has announced yet another interest rate cut. This time, a 25-basis-point reduction that brings the policy interest rate to 3%. Scotiabank's Chief Economist Jean-François Perrault returns to break down the announcement, explain how things like potential tariffs and other political uncertainties may weigh into future decisions and much more.  For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures  Key moments this episode:  1:13 - JF's key takeaways from the Bank of Canada's decision, in two buckets  2:52 - Was an interest rate decision the right call?  3:45 - JF's view on how potential tariffs factored into the central bank's decision  4:57 - The Bank of Canada's outlook for the Canadian economy (without tariffs)  6:17 - The Bank of Canada's view on the potential impact of tariffs  8:21 - What does JF expect in terms of future Bank of Canada interest rate decisions this year?  9:16 - Is there a risk that interest rates could go back up?  11:44 - What does all of this mean for Canadians who are renewing their mortgages or looking to buy a home?  13:36 - What about businesses and consumers?  15:30 - What are the main takeaways for Canadians? 

In just a few weeks, Vancouver and Whistler will host the Invictus Games, an international adaptive sporting competition for wounded, injured and sick military service members and Veterans. This episode we're joined by former Invictus competitor Mike Bourgeois as well as Nick Booth, CEO of the True Patriot Love Foundation. They'll tell us about the games themselves (and how Prince Harry, The Duke of Sussex is involved), what participating means for the competitors and the larger impact they hope the create through the event returning to Canada.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures  Key moments this episode:  2:15 – What exactly are the Invictus Games?  3:35 – The origins of the games   4:44 – Some details about the upcoming Invictus Games Vancouver Whistler 2025 games  6:05 – Prince Harry, The Duke of Sussex's connection  7:12 – Former Invictus competitor and Veteran of the Canadian Armed Forces, Mike Bourgeois tells his story about finding purpose at the Invictus Games  11:13 – Mike tells us the keys for success in archery  12:00 – Why participating in the games for your country is so healing, especially for veterans  14:32 – Nick Booth, CEO of the True Patriot Love Foundation tells us what their role is in the Invictus Games and how it goes beyond the event itself  16:40 – What are adaptive sports?  17:59 – How this year's games have worked closely with the British Columbia's Indigenous Peoples  19:20 – Details on the veteran employment symposium hosted by Scotiabank during the games and why hiring plays a key role in the transition to a successful civilian life  22:08 – Mike reflects on his journey back to civilian life  23:25 – What Nick hopes people take away from the games 

In this episode, we break down some key themes that will shape the investment landscape in the new year. Hugo Ste-Marie is our guest. He's the Director of Portfolio and Quantitative Strategy in Equity Research at Scotiabank and tells us where he thinks markets may head, where there may be opportunities as well as risks, the possible impact of a new administration in the U.S. and much more as we start the new year.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:18 – How a second Trump administration might factor into the 2025 outlook  3:48 – Some context around the key themes that shape the outlook  4:28 – Key theme 1: Why the 2025 outlook largely hinges on a synchronized interest rate easing cycle  7:35 – Key theme 2: “Abundant liquidity looking for a home.”   9:46 - Key theme 3: “U.S. equities: uptrend extends, but diversification needed.”  11:45 - Key theme 4: “Size trade: Will U.S. small caps hit a home run or grand slam?”  14:12 - Key theme 5: “Canadian equities: Banking on Financials.”  16:18 – Key theme 6: “Commodities: The shine is fading.”  18:08 – Key theme 7: “International equities: A land of broken dreams.”  20:04 – Key theme 8: “Bond market: 2024 Redux” 

As we head into 2025, household finances are still a large source of worry for many Canadians. So, Devon Lacombe, the Vice President of Retail Investments at Scotiabank, is our guest this episode and has seven simple, practical tips to de-stress your finances. From a no-fuss approach to budgeting to tools that make saving easier and much more to help make the new year a less worrisome one.    For more financial advice visit Scotiabank's Advice+ Centre.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:21 – Why finances are a particular worry for Canadians in 2025  2:34 – Tip 1: Be kind to yourself  4:20 – Tip 2: Start small   5:26 – Tip 3: Make a simple budget  7:27 – The 80, 30, 20 rule and how it can be an easy guide to budgeting  9:23 – Tip 4: Break down your goal  11:40 - Tip 5: Get the right accounts (plus a primer on some of the key savings vehicles: RRSP, RESP, TFSA and FHSA)  16:44 - Tip 6: Use the tools available to you  17:35 – An example of the power of compound interest  21:02 - Tip 7: Don't be afraid to get help   22:37 – Why Devon's New Year's resolution may or may not have to do with money 

The Bank of Canada has announced a 50-basis-point reduction – the second in a row – that brings the policy interest rate to 3.25%. As always, here to break down what this latest announcement means for Canadians is Scotiabank's Chief Economist Jean-François Perrault.   He tells us what factors may have led to this decision, what it might indicate about the health of the Canadian economy, if and when we'll see further cuts, and much more.  For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:04 – JF's main takeaway from the Bank of Canada's latest rate cut decision  1:54 – Does this mean that the Bank has gotten inflation under control?  3:00 – Who benefits from a lower interest rate?  5:19 – How Bank of Canada's monetary policy affects fixed rate versus variable rate mortgages  6:01 – How the rate cut affects businesses  6:29 – The main factors that motivated the central bank's decision  7:47 – Do aggressive cuts indicate economic trouble is on the way?  9:26 – What can we expect from upcoming interest rate decisions from the Bank of Canada?  10:27 – Could increased consumer spending trigger inflation growth?  11:39 – What impact might temporary tax cuts, government spending have on interest rates or inflation?  14:08 – The main takeaways for Canadians about the Bank of Canada's decision 

In this episode, we leave the studio and record in the field. Literally. We visit the green pastures of Paul Meunier & Sons Farms Ltd., a cattle farm located just outside of Edmonton, Alta., to speak with co-owners Chad and Stacey Meunier. They'll not only walk us through their unique way of farming, but also their unique way of running a business.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:   0:07 – We get a tour and learn a bit about the history of the farm  3:27 – What are Chad and Stacey trying to accomplish by running their farm sustainably? And how exactly do they do that?  4:22 – One of the keys to quality on their farm? Grass  5:59 – Stacey breaks down their year-round approach to regenerative agriculture  10:15 – How does technology play a part in a sustainable farm?  11:28 – The surprising reason Chad and Stacey started farming the way they do  12:18 – How is this farm managed differently from traditional cattle farms?  14:00 – How their operation takes advantage of by-products from food production  15:52 – Why more and more farmers are opening their eyes to the importance of soil health  16:35 – What do non-farmers not understand about farmers?   17:40 – The future of Paul Meunier & Sons Farms Ltd.

This episode, we bring you another instalment in our series where leaders at Scotiabank interview experts on an issue that resonates with them. Today, you'll hear a conversation about re-thinking the typical approach to charitable giving hosted by Nicole Frew, Executive Vice President & Co-Head of Global Banking and Executive Champion of Scotiabank's Employee Giving Campaign, with activist, speaker and author of Uncharitable: How restraints on non-profits undermine their potential, Dan Pallotta. They discuss the problem with how we currently think about charity, the importance of dreaming big when it comes to the sector and some practical questions people should be asking before they decide where to donate their time and money.  Other episodes of the Leadership Series:  Challenging the narrative around women in farming  The power of allyship in the workplace  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures   Key moments this episode:  1:40 – A little background on Dan's history in non-profit and activism  4:03 – Dan walks us through what foundational changes we need to make in our current thinking around non-profits  7:33 – What does innovation in the non-profit sector look like?  10:04 – Advice that Dan gives to non-profits around how they can innovate their approach to fundraising and giving  13:12 – What about smaller non-profits? Can they use the same approach?  14:44 – What should donors be thinking about when they are looking for a place to donate?  16:28 – If a non-profit does want to change, how can they get donors on board?  18:01 – The number one key to success for non-profits, according to Dan   

Black Friday marks the unofficial start of the holiday shopping season. So, we're taking the pulse of Canadian consumers and retailers. John Zamparo, Analyst in Retail and Consumer Products at Scotiabank is our guest and will tell us why Canadian retailers and consumers are feeling cautious, where bargain hunters may (or may not) find some deals, what trends he's seeing and much more.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:15 – Why the headline for this year's Black Friday is “proceed with caution”   2:01 – Why good economic news isn't translating to increased consumer spending  3:56 – The most common question John gets from family and friends on pricing  4:33 – How consumer sentiment might affect Black Friday trends  6:11 – What does John mean when he says we might see a more “traditional” Black Friday?  6:25 – How the postal worker strike may affect Black Friday and holiday purchasing  6:54 – Where consumers will likely see some deep discounts this Black Friday (and where they won't)  7:44 – Canadians love a deal. And that's backed by research  9:00 – What about trends when it comes to Canadians dining out vs. dining in?  10:01 – What is the state of food prices in grocery stores now vs. a year ago?  11:36 – How Canadian consumers compare to the rest of the world when it comes to online shopping and how that changes on Black Friday  12:48 – What's John splurging on for himself this holiday? 

Do you have a will? For almost half of Canadians, the answer is no – and the task of creating one is likely at the bottom of their to-do list. The process can seem complicated or even intimidating. So, this episode we're going to help make things less daunting by debunking some common misconceptions around wills and other end-of-life documents. Erin Bury, Co-founder and CEO of Willful, a Canadian, do-it-yourself online will platform is our guest and has ten common myths around this topic that she'll dispel once and for all.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  2:15 – How did Erin come up with this list of myths around estate planning?  3:45 - Myth 1: I'm too young to need a will   5:19 - Myth 2: I don't have enough assets to warrant getting a will   6:35 - Myth 3: I don't need a will, everything will just go to [insert family member's name] anyway   9:00 - Myth 4:  I can just tell my family my wishes   9:55- Myth 5: I have to visit a lawyer to create a will   12:13 - Myth 6: A will is a one-and-done document   14:24 – Bonus myth: where should you keep the paper copy of your will?  15:05 - Myth 7: I've got a will, now I'm done with estate planning.   17:35 - Myth 8: Creating a will is extremely time-consuming   19:05 - Myth 9: I need to list out all my assets in my will  21:45 - Myth 10: My spouse and I only need one will 

In this episode, we bring you a live discussion all about what might be in the cards for the next few months and into 2025 when it comes to the Canadian economy and beyond. Jean-François Perrault, the Chief Economist at Scotiabank, and Myles Zyblock, Chief Investment Strategist at Scotia Global Asset Management, are our guests and discuss everything from what the results of the U.S. election might have on stock markets and investors, how AI is reshaping companies and workforces, and much more.   For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures     Key moments this episode:  1:46 – Has the Bank of Canada stuck the “soft landing”?   5:33 – From a layperson's perspective, stock markets seem to be doing pretty well. Is it as rosy as it looks?  8:27 – How the outcome of the U.S. federal election will factor into their latest economic outlook  11:55 – What impact will the U.S. federal election have on markets, if any?  16:15 – What impact might Trump's potential tariffs have on the economy?  18:00 – Broadly speaking, what might be ahead in terms of global economic growth?  20:28 – What does the success or failure of China mean from an investor perspective?  21:49 – Looking under the hood at U.S. markets  24:24 – What about Canadian markets?   25:45 – What effect might the Canadian government's latest announcement about scaling back immigration numbers have on things like the labour market or housing?   32:28 – Why Myles thinks gold has been so puzzling lately and how you may be able to use it in a portfolio  34:31 – Has AI created a market bubble?   37:17 – Wrapping up, what are the big risks and opportunities investment wise over the next year and how can people mitigate those risks?

In this episode, we're highlighting five more missteps that investors seem to make time and time again. Yuko Girard, Portfolio Manager on the Multi Asset Management Team at Scotia Global Asset Management returns to cover everything from ETFs vs. mutual funds, passive vs. active management and even how psychological factors like loss aversion or FOMO can hamper your investments.   Check out Yuko's first installment for more common mistakes to avoid.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:   1:36 - Common investing mistake #1: Not fully understanding what it is that you're buying. For example, what's the difference between an ETF and a mutual fund?  7:07 - Common investing mistake #2: Being impatient  8:52 - Common investing mistake #3: Letting your emotions drive your decision making. For example, the phenomenon of loss aversion  11:54 - Common investing mistake #4: Falling for the FOMO trap  13:30 - Common investing mistake #5: Overestimating your ability to invest on your own 

The Bank of Canada has announced yet another interest rate cut and this time, it's a big one: a 50-basis-point reduction that brings the policy interest rate to 3.75%. As always, here to tell us what this latest announcement means for Canadians is Scotiabank's Chief Economist Jean-François Perrault.   For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  00:59 - JF's initial thoughts of the Bank of Canada announcement.  2:03 - How unusual is a 50-basis-point cut for the central bank?  2:55 - Why did the Bank of Canada push forward with a large cut?  4:20 - JF weighs in on whether this was the right move.  6:00 - How will Canadians feel the impact of this interest rate cut?  7:54 - How will businesses feel the impact?  8:44 - How long does it take for these cuts to have a tangible impact?  9:37 - What are the risks that could drive inflation back up?   11:43 - What's the impact of inflation becoming too low?  12:33 - What does JF expect from the Bank of Canada's next decision in December?  13:50 - What is the current outlook for the economy in 2025?  15:44 - What are the key takeaways for Canadians from this announcement? 

Cedar Leaf Capital is the first Indigenous-led, Indigenous-owned investment dealer in Canada. Our guests today describe that as unprecedented, disruptive and a step towards empowerment and economic reconciliation in Canada. Mindy Wight, CEO of Nch'ḵay̓ Development Corporation — one of the three Indigenous shareholders which own the majority of Cedar Leaf — and Cedar Leaf CEO Clint Davis are here to tell us all about this latest venture and what it means for access to capital for Indigenous communities and beyond.  Want to read more about Cedar Leaf Capital? Check out our full story here.   Key moments this episode:  1:39 – What exactly is Cedar Leaf Capital?  2:21 – Why underrepresentation of Indigenous groups in capital markets particularly interest one of the shareholders, Nch'ḵay̓ Development Corporation   3:17 – How did Cedar Leaf come together?  4:50 – Why Mindy found the proposition to be a part of Cedar Leaf so compelling  5:30 – What does an Indigenous-led, Indigenous-owned investment dealer bring to the table that other ventures may not?  6:40 – The feedback Mindy has been hearing from her community and why it's an opportunity to educate  7:38 – Why Mindy thinks there is underrepresentation of Indigenous Peoples in finance  9:13 – What progress has been made on economic reconciliation in Canada in the last decade?  12:30 – How Cedar Leaf may help with access to capital for Indigenous communities  13:55 – How the unique ownership structure of Cedar Leaf and the plan to be wholly Indigenous-owned sets a ‘new standard'  17:12 – How did Cedar Leaf select its three Indigenous partners: Nch'ḵay̓, Des Nedhe and the Chippewas of Rama First Nation?  19:08 – What's next for Cedar Leaf Capital?   21:36 – Why this venture is such a personal mission for Clint and Mindy    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures

When it comes to online scams, people not only need to remain vigilant to protect themselves, they have to look out for a parent and maybe even kids who are just starting to go online. So, this episode our fraud expert, Scotiabank's Vice President of Cybersecurity Operations Louise Dandonneau, breaks down the latest cyber scams and offers tips on how you can keep your family safe.    Key moments this episode:  1:54 – A quick snapshot of what the cyber crime landscape looks like  2:37 – The most common cyber crime according to statistics  3:58 – Are individuals (in addition to large organizations) being extorted by criminals locking down their data?  4:20 – Louise runs down an increasingly common online fraud: gift card scams  5:35 – The big reason scammers are becoming more sophisticated: AI  6:15 – Why phone scams are still prevalent   7:01 – What is spear phishing?  7:58 – In what ways are older people specifically targeted for cyber fraud?  9:22 – What should you tell an older parent to avoid being a victim of cyber fraud?  10:41 – How online security can take a cue from old school safety techniques   11:11 – How are kids targeted online and how can we help prevent them from becoming victims?  13:33 – One key tip that can help prevent cyber crime    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures

Carbon capture sounds like a simple solution to a complex problem like climate change. And it's especially appealing for a country like Canada with ambitious emission reduction targets. But does it work? John McNally, the Senior Advisor for Climate and Socio-Economic Policy at Scotiabank, recently wrote a report on the topic and is our guest this episode. He'll give us a primer on this emerging technology and outlines the promise and potential hurdles it presents.     Key moments this episode:  1:23 – A quick overview of what carbon capture is  2:26 – Why is there so much talk about carbon capture right now?  3:26 – What is done with the carbon after it's captured?  5:12 – What do carbon removal or capture facilities look like?  6:11 – Why Canada has an advantage when it comes to storage  6:40 – The most common question John gets asked: does carbon capture really work?  8:15 – How realistic is this technology when it comes to curbing climate change?  9:58 – What is the current global carbon capture capacity?  10:30 – Why Canada has the ‘bronze medal' when it comes to carbon capture  10:47 – How big of a role does carbon capture play when it comes to Canada's strategy to hit its climate goals?  12:11 – What are the biggest hurdles in ramping up carbon capture?  14:12 – The risks around carbon capture technology  16:03 – Why put the effort towards carbon capture and storage rather than focusing on reducing emissions?   17:25 – What the future has in store when it comes to carbon capture    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures

When it comes to estate planning, most people's first thoughts are about creating a will. But there's another important document that only about one third of Canadian adults currently have in place. And that's a power of attorney or POA. Laura Tamblyn Watts, Author and CEO of Canada's National Seniors Advocacy Organization, CanAge, and Rob McGavin, the Managing Director at Scotiatrust give us the ins and outs of this sometimes intimidating, but essential document.  Key moments this episode:  1:44 – So what is a power of attorney?  2:50 – The various names for these documents in different provinces   3:28 – How POA for property can be used to help a family member who would rather have someone else handle those decisions and tasks before its necessary  4:15 – Why POA is a critical part of the estate planning conversation  4:50 – How many Canadians actually have a POA?  7:20 – Why POAs are important for people of all ages  8:21 – What are the responsibilities for someone acting as an attorney?   11:12 – When POA for personal care kicks in and how is that determination made?   14:34 – The limitations of managing a loved one's finances without a POA  17:37 – When should someone get a POA?  20:00 – How to start a conversation with a parent about POA  22:32 – Addressing the common misconceptions around POAs  22:38 – Who should or shouldn't you appoint as your POA?  28:20 – What role Scotiatrust can play when it comes to estate planning    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures   

This episode, we're breaking down five missteps that our guest Yuko Girard, Portfolio Manager on the Multi Asset Management Team at Scotia Global Asset Management has seen investors make time and time again. From following fads to trying to time the markets and much more.  Key moments this episode:   1:19 - Common investing mistake #1: Not diversifying beyond tech  3:39 - Common investing mistake #2: Trying to time the market  8:16 - Common investing mistake #3: Chasing returns  10:08 - Common investing mistake #4: Not understanding that the market is different from the economy  13:05 - Common investing mistake #5: Investing based on potential election results    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

The last time you borrowed money, there's a good chance you were also offered insurance on that loan. Something that will pay off the debt or keep up with payments if anything happens to you. And you might have thought, “But, I already have insurance from my job or my partner's job.” Well, it's likely not sufficient, according to our guest this episode. Wayne Hewitt is the Senior Vice President of Insurance Canada at Scotiabank. And he's here to shed some light on creditor insurance, an often-overlooked type of coverage that can provide a crucial safety net.       Key moments this episode:  1:27 – What exactly is creditor insurance?   4:00 – Why creditor insurance is important even if you're not the main income earner in your family  5:40 – What are the options when it comes to coverage?  6:35 – What is the difference between term insurance and creditor insurance?  10:03 – What Wayne has to say to someone who thinks it's just an unnecessary extra expense  11:17 – How does where you are in life affect considering creditor insurance?  12:34 – Why insurance coverage through your job (or a spouse's job) may not be sufficient  14:00 – What does it mean to be ‘underinsured' and how do you know?  15:35 – Key tips when getting creditor insurance  17:22 – What revolving and non-revolving line of credit and how does that play into creditor insurance?  18:35 – Addressing two big misconceptions about insurance  19:44 – The main takeaway from this interview    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

The Bank of Canada made yet another 25-basis-point cut to its benchmark interest rate, marking its third in a row and bringing the rate to 4.25%.  This move was largely expected, but still welcome news for Canadians and a reflection of easing inflation.   Scotiabank's Chief Economist Jean-François Perrault is back to break down this latest announcement and the impact of the central bank's cutting cycle so far, and provide his take on the current state of the Canadian economy.  For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.    Key moments this episode:  1:01 - JF's reaction to the latest central bank decision to cut its key interest rate by 25 basis points  1:27 - What can we glean from the Bank of Canada's comments?  2:24 - What JF expects for the Bank of Canada's two decisions in 2024 and 2025  3:13 - What imnpact has the two previous interest rate cuts had on Canada's housing market?  5:20 - The U.S. Federal Reserve is expected to start cutting rates this month. How does that factor into the Bank of Canada's decisions and how does it impact the broader economy?  6:17 - Risks to inflation, and the current state of the Canadian economy  9:48 - A closer look at GDP data - should we be concerned about weak household and per capita spending?  11:17 - Will already high unemployment in Canada rise further?  12:48 - How could trade tensions with China and tariffs on electric vehicles, steel and aluminum impact inflation?  14:42 - Three key takeaways for Canadians    For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

The Bank of Canada has cut its benchmark interest rate by 25 basis points, marking the second cut in as many months, to 4.5%. Scotiabank's Chief Economist Jean-François Perrault returns once again to break down the decision and its implications.  For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.     Key moments this episode:  1:00 – Why Canadians should “take a lot of comfort” from the latest announcement   1:42 – What might have given the Bank of Canada assurance to make a cut  3:13 – Will we see back-to-back cuts in the next two meetings as well?  4:21 – What are the biggest risks that could keep inflation from coming down?  6:20 – The state of the housing market – a large factor when it comes to inflation in Canada  8:06 – What about risk around a potential recession? Are we out of the woods?  9:37 – What is the impact of the U.S. and Canadian central banks diverging?  11:30 – The 3 key takeaways for Canadians from this announcement 

This episode we have a very special guest: award-winning author Michelle Good. Michelle is a writer of Cree ancestry and a member of the Red Pheasant Cree Nation in Saskatchewan. Her books include Five Little Indians and Truth Telling. Her writing takes an unflinching look at our nation's past and how it still affects the present. So, she's here today to give us a bit of a history lesson ahead of Canada Day. You'll hear a conversation between Michelle and Myan Marcen-Gaudaur, Scotiabank's Director of Social Impact and Reconciliation. They talk about the motivation behind Michelle's writing, the state of reconciliation in Canada, the concept of “radical hope” and more.   This episode contains accounts of violence and mention of suicide.    Key moments this episode:  3:00 – Why Canada's colonial history is still very much part of the present  4:00 – Michelle gives some insight into a very personal chapter of her latest book, Truth Telling  6:21 – What the relationship between Michelle's mother and her grandmother can tell us about how challenging it can be being Indigenous in a non-Indigenous world  8:10 – How colonial perceptions can be passed down to subsequent generations  9:10 – The meaning behind the chapter titled $13.69 and what it says about restoration for the past  12:00 – Michelle defines her concept of “radical hope”   13:20 – How the crisis around missing and murdered Indigenous women, girls and Two-Spirit peoples is rooted in history  17:31 – The decimation of the buffalo and the impact that had on Indigenous communities  21:35 – Why is the truth part of “truth and reconciliation” so important?   25:03 – How can Canadians move from knowledge to action when it comes to reconciliation?   27:54 – Michelle reflects on the changes she has seen in thoughts and attitudes among non-Indigenous people in her lifetime 

The Bank of Canada has cut its key interest rate for the first time in more than four years, marking a pivot in its long fight to tamp down inflation. After a quarter-percentage-point cut, the central bank's benchmark rate now sits at 4.75% — welcome relief for variable-mortgage holders, businesses and others feeling the pinch of higher interest rates. Scotiabank's Chief Economist Jean-François Perrault is back to discuss the central bank's decision to cut, what this means for Canada's housing market and the broader economy, and what Canadians can expect in the months ahead.  For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.  Key moments this episode:   1:21 – JF's initial take on the central bank's decision to cut its key rate  1:50 – Why did the Bank of Canada decide to cut today?  2:31 – Will inflation get back down to the Bank of Canada's target?  3:45 – What does this cut mean for Canadians? How will they feel the difference?  5:00 – How many more cuts can we expect this year? How fast or slow will this process be?  5:45 – What can we expect to see next year based on this latest cut?  6:15 – Is this the ‘soft landing' we've been hoping for?  7:45 – What are the indicators that Canadians should be looking for to tell us the path ahead for future cuts?  8:43 – The three key takeaways for Canadians from this latest decision 

People are living longer, but the cost of caregiving is something many Canadians don't plan for. Our guest this episode is Dr. Zahinoor Ismail. He's a dementia expert and Clinician Scientist at the Hotchkiss Brain Institute at the University of Calgary. He'll tell us all about the often overlooked emotional and financial impacts of caring for those with dementia as well as the research he's doing with the help of charity Gordie Howe CARES.  For more information on the University of Calgary CAN-PROTECT caregiver study and for caregiver resources visit Gordie Howe CARES.  Key moments this episode:  1:27 – What exactly is dementia and how it is different from Alzheimer's?  3:23 – What is meant by the term “caregiver”? How has the definition evolved?  5:46 – Three major factors that can contribute to the burden on a family/friend caregiver  10:19 – The financial and emotional cost of caring for a loved one  11:20 – How Gordie Howe CARES is helping caregivers  14:20 – An example of the financial burdens of caregiving  15:14 – What about the taboo around having a loved one with cognitive decline? How does that affect caregivers?  15:56 – The two things Dr. Ismail finds rewarding about this work  17:33 – How can caregiving be made a positive experience?  

Generative AI, the kind of artificial intelligence that creates content for you or answers questions based on a prompt, is already changing many aspects of our lives. But according to our guest this episode, that's just the tip of the iceberg, especially when it comes to businesses taking advantage of this new technology. Divya Goyal is an Analyst in Global Equity Research at Scotiabank and will give us a birds-eye view of how Canadian businesses are approaching and adopting this revolutionary technology. She'll tell us what sectors are ripe for disruption, what role Canada could play when it comes to homegrown innovation, some unintended consequences of this new technology and much more.    Key moments this episode:  1:27 – A quick snapshot of the state of AI  3:25 – How have technologies like generative AI changed things for business?  5:38 – Why we are just at the ‘tip of the iceberg” with generative AI adoption in business  8:04 – How businesses have started to use these AI technologies already  10:11 – Which industries are most “ripe for disruption” when it comes to AI  12:29 – Is AI going to take away jobs?  12:49 – What about the increased demand for electricity and electrical grids driven by AI's increased usage?  15: 33 – Where does Canada stand in terms of its adoption of these technologies in business?  17:05 – What is the state of AI technology development in Canada?  19:27 – How will AI reshape our world ten years from now?  21:38 – What's the next big thing when it comes to AI tech? 

Scotiabank Senior Economist Farah Omran is back this episode to give us her take on the state of the Canadian housing market. She'll break down the latest numbers, explain the high stakes and “suspense” she's seeing, tell us what might play out in the next six months and much more.    Key moments this episode:  1:10 – Farah catches us up on the market since her last podcast appearance in the fall  2:41 – What Farah means when she says “stakes are high”   3:42 – The mystery behind why we're seeing a relatively slow spring real estate season  5:38 – Are there any markets that are especially hot in Canada?  6:45 – Are people waiting for rate cuts before entering the market?  8:12 – How the housing market impacts the interest rate outlook and vice-versa   10:02 – An update on housing shortages and what governments (including the recent federal budget) are doing  15:18 – Digging into the psychology around the housing market  17:03 – Farah breaks out her non-existent crystal ball: what might the next six months look like?

This episode is a handy primer for anyone looking to get started in investing, or even those looking to refresh their knowledge. Our guest Craig Maddock, Vice President and Senior Portfolio Manager with Scotia Global Asset Management, breaks it all down in plain language. Everything from GICs, to stocks and bonds, to ETFs and mutual funds. It even addresses some common misconceptions and provides some questions to ask yourself before you visit an advisor.    Key moments this episode:  1:30 – What is the difference between investing and saving?  2:49 – Why are people intimidated by investing when they first start out?    5:17 – The most common misconception people have about investing (and how to avoid it)  6:47 – What should someone ask themselves before they see an advisor?   9:56 – How does time horizon factor into investing?  11:17 – What is a GIC?  13:44 – What are stocks and bonds?  20:56 – How is investing more than just ‘gambling'?  23:18 – What are mutual funds? How are they different from ETFs?  30:09 – How is investing like fixing your car?  32:16 – Some final advice for someone who is just getting started investing 

Talking about money with loved ones can be difficult. So in order to make those tricky conversations a little easier, a new project has broken down how we relate to money into six different Money Styles. Think love languages, but for finances. Tanya Eisener, the Senior Vice President of Retail Customer Value at Scotiabank, and Adam Palanica, the Senior Manager of Global HR insights and People Analytics at Scotiabank, are our guests this episode. They tell us how this tool works, why it's needed and how you can use it to get a better handle on the emotions around money.  To take the quiz and find your Money Style, check out the Money Style by Scotia Advice+ page.    Key moments this episode:   1:47 — So what is a Money Style?    2:14 — How did behavioural science inform the creation of Money Style?  2:53 — Why is money so difficult to talk about?  4:29 — Getting to the root of the feelings around money  5:13 — How does the Money Style quiz help make money conversations easier?  6:23 — Why taking the stress out of financial conversations is especially important now  7:17 — Some fascinating numbers around money and relationships  7:46 — Breaking down the six Money Styles  10:11 — How to interpret the quiz results  11:24 — What to do once you've figured out your Money Style  12:07 — How long does the quiz take?  12:37 — One final behavioural science tip to help your relationship with money  12:46 — Tanya's takeaways around what she's learned about our sometimes thorny relationship with money 

Getting into the housing market these days can be daunting. So, this episode we're answering all the questions you may have had about mortgages and real estate but were too afraid to ask. Our guest is Tracy Gomes, Senior Vice President of Real Estate Secured Lending at Scotiabank. Tracy will define some key terms, give us a primer on how to pick between a fixed and variable interest rate mortgage, how much you might expect to pay for a down payment and more.    Key moments this episode:  1:32 — What's the big question or concern that Tracy hears the most from people looking to get into the market?  2:30 — What's the first thing someone should be thinking about if they're looking to buy a home for the first time?  4:12 — What do you need to qualify for a mortgage?  4:33 — The 4 Cs lenders are always looking at when processing a mortgage application  5:27 — What is the minimum down payment needed in Canada?  6:07 — Does the size of a down payment have an impact on the interest rate of a mortgage?  6:36 — Breaking down the different types of insurance when it comes to mortgages  8:34 — The role of ‘the bank of mom and dad'   9:18 — Is it possible to buy a home without a down payment?  9:25 — Options available for first-time buyers to save for a down payment  10:07 — What is a stress test?  11:35 — What other costs are associated with buying a house?  13:07 — How do real estate agents get paid?  13:46 — If you're already in the market, should you sell before you buy or buy before you sell?   15:20 — Mortgages 101  17:10 — The most common mortgage question: what is the difference between fixed and variable rate mortgages?  19:45 — Some quick mortgage definitions: term and amortization  21:39 — How Scotiabank's adjustable-rate mortgage works  22:37 — Recap of variable vs fixed rate  25:03 — Some tips on paying off a mortgage faster  27:40 — What's the final thing Tracy thinks people should know about buying a home

The Liberal government has laid out its 2024 Federal Budget, with new spending focused on issues such as housing, defence, and childcare, with new tax measures to help offset the cost.   Rebekah Young, Scotiabank Economist and Head of Inclusion and Resilience Economics, joins us to break down the key takeaways Canadians need to know about the federal government's spending plan, what is missing from the budget, and the impact it is likely to have on the broader economy and inflation.  Read Rebekah's full report: Canada's 2024 Federal Budget.    Key moments this episode:  1:21 — A look at overall spending and key items  3:19 — Key buckets of spending important for Canadians  5:41 — Tax measures and other ways the federal government plans to pay for this new spending  8:23 — A primer on capital gains  10:24 — What impact these tax measures will have on productivity  11:56 — What's the economic impact of this budget, near term and long term? What does it mean for housing and inflation in Canada?  15:37 — The main thing Rebekah is taking away

The Bank of Canada held its benchmark interest rate steady at 5% for the sixth consecutive time, as expected. Even though inflation and other indicators are heading in the right direction, Governor Tiff Macklem said the central bank needed to see this pattern for longer to be assured it is “not just a temporary dip.”   Scotiabank's Chief Economist Jean-François Perrault is back to discuss the Bank of Canada's latest decision, why he believes a rate cut in September is more likely than in June, and his thoughts on next week's federal budget and the impact it could have on inflation.    For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.  1:06 — What can we take away from the Bank of Canada's latest decision?  2:26 — The big question: When will rates finally come down?  4:00 — So, could we see a rate cut this summer?  4:50 — What would we need to see in terms of indicators for a June or July rate cut decision?  6:33 — What is happening in Canada's housing market and what does it mean for inflation?  8:20 — Where do we stand on geopolitical risks when it comes to inflation?  9:15 — What about a weak loonie compared to the U.S. dollar? Is that a factor that could impact inflation?  10:45 — How do higher-than-expected U.S. inflation numbers complicate things when it comes to rate cuts?  12:23 — What risk does Canada's low productivity pose?  13:31 — The Bank of Canada made a slight increase to its nominal neutral interest rate. What is that and why is that important?  16:27 — Is there anything else we can learn from the latest Bank of Canada Monetary Policy Report?  17:28 — What can we expect from the Federal Budget next week and how might that impact inflation and the Bank of Canada's future decisions?  19:52 — The top three takeaways for Canadians from the latest Bank of Canada decision 1:06 — What can we take away from the Bank of Canada's latest decision?  2:26 — The big question: When will rates finally come down?  4:00 — So, could we see a rate cut this summer?  4:50 — What would we need to see in terms of indicators for a June or July rate cut decision?  6:33 — What is happening in Canada's housing market and what does it mean for inflation?  8:20 — Where do we stand on geopolitical risks when it comes to inflation?  9:15 — What about a weak loonie compared to the U.S. dollar? Is that a factor that could impact inflation?  10:45 — How do higher-than-expected U.S. inflation numbers complicate things when it comes to rate cuts?  12:23 — What risk does Canada's low productivity pose?  13:31 — The Bank of Canada made a slight increase to its nominal neutral interest rate. What is that and why is that important?  16:27 — Is there anything else we can learn from the latest Bank of Canada Monetary Policy Report?  17:28 — What can we expect from the Federal Budget next week and how might that impact inflation and the Bank of Canada's future decisions?  19:52 — The top three takeaways for Canadians from the latest Bank of Canada decision   

In this episode, co-founder and CEO of Willful Erin Bury joins us to give us a Wills 101 lesson. She'll cover everything from what exactly a will is to when you should get one, some key definitions and much more. An earlier version of this episode said 57% of Canadians don't have a will, and that rises to 75% for younger Canadians. In fact, the poll showed that 43% of Canadians don't have a will, rising to 66% for younger people. Key moments this episode:  1:16 — Before we start, we have to ask Erin: what was it like being on Dragon's Den?  2:50 — What is a will?  3:56 — The most common misconception about wills  5:46 — The personal experience that triggered Erin and her husband to start Willful  8:14 — Why the will is the ‘tip of the iceberg' when it comes to estate planning  9:03 — When should people start thinking about getting a will?  10:43 — What is an estate?  11:57 — A little more about what inspired Willful  13:22 — What makes a will a legal will?  14:48 — What situations are out of the scope of Willful?  16:51 — What is a power of attorney?  19:06 — What is an executor? And what should you be thinking about when you choose one  22:01 — Why Willful is partnering up with Scotiabank  24:50 — The unexpected brand Erin has cultivated within her circle of friends 

Loud budgeting is just one of many money trends you may have seen in your social media feed lately. This episode we get a level-headed take on some of these fads with the help of Kingsley Chak, Senior Vice President of Deposits, Savings and Investments at Scotiabank. He'll let us know which ones might work, which ones might not and why, as well as give some evergreen tips on getting a handle on your own finances.      Key moments this episode:  1:21 — How are Canadians feeling about their money right now? Discussing the results from Scotiabank's Worry Poll  5:45 — Budgeting trend 1: loud budgeting  6:54 — How does bungee jumping help explain loud budgeting?  8:15 — Is loud budgeting a good thing?  8:49 — What is quiet luxury and how does it relate to loud budgeting?  9:50 — Budgeting trend 2: soft saving  11:38 — Budgeting trend 3: FIRE — financial independence, retire early  15:07 — Two tips to take away from the conversation 

This week we're re-airing an episode that originally came out in June, but the topic is more relevant than ever. The interview you'll hear is part of our Leadership Series, where we hand the mic to leaders at Scotiabank to interview experts on an issue that resonates with them. You'll hear a conversation hosted by Grace Lee, Scotiabank's Senior Vice President, Chief Data and Analytics Officer, with Anton Ovchinnikov, Distinguished Professor at the Smith School of Business at Queen's University and a Scotiabank Scholar of Customer Analytics. They discuss what exactly data ethics means, why financial services are well positioned to take a leadership role in this emerging field and much more.  Read Anton's research study on AI and gender bias here. Other episodes of the Leadership Series:  The power of allyship in the workplace  Challenging the narrative around women and farming Key moments this episode: 1:59 — What exactly is data ethics?  3:41 — How does the study of data ethics relate to traditional ideas of ethics? 6:30 — Technology is evolving faster than our norms and ethics can keep up it seems, how can we feel comfortable around things like AI? 9:04 — How should can people play a positive role in implementing data ethically as more and more people have access 11:50 — How is ethics around data evolving?  13:47 — How can people concerned about AI ensure it's doing more good than harm 15:53 — Why AI's use ultimately is a business decision 16:52 — What Grace sees as the hardest part about implementing AI in a business 18:58 — Why increased awareness of AI has been helpful 20:03 — What Grace has learned from risk management that she applies to her approach to implementing AI

With life expectancy on the rise, people's retirement years could soon be longer than their working years. So, how will that affect how you save? Our guest this episode is the Chief Investment Officer of Global Wealth Management at Scotiabank, Andy Nasr. He'll tell us what those years might look like, give us some tips for saving at any age, and explain why living longer may change the conventional thinking around how we invest for retirement.    Key moments this episode:  0:05 — What does a 10-year-old used car teach us about the secret to saving for retirement?   2:00 — Some numbers and context around how much longer people are living these days?   4:15 — What effect longevity might have on public policy  5:27 — An eye-opening stat about how long the next generation could live for  6:24 — When should people start thinking about saving for retirement?   9:19 — Saving money can be challenging.What advice does Andy give to his clients?  10:32 — What exactly does a financial plan consist of?  15:15 — Why some people might think they have a financial plan, but actually might not  16:46 — A financial plan isn't just about the money  17:05 — Does this issue of longevity change the traditional 60/40 approach to retirement saving?  20:00 — The issue that Andy worries about all the time when it comes to retirement  21:46 — What is Andy's secret to saving for retirement? 

The Bank of Canada held rates steady, again, for the fifth consecutive time to no one's surprise (but disappointing perhaps for homeowners and others anxiously awaiting a cut).   Its latest decision came even though the latest data from January shows inflation in Canada is slowing and is within the central bank's target range of 1% to 3%, but not quite at its target of 2%. Still, Governor Tiff Macklem said that while it's clear the central bank's previous moves are working, it's too early to cut the benchmark rate.   Scotiabank's Chief Economist Jean-François Perrault is back to break down the latest decision, what the Bank of Canada needs to see in order to start cutting rates and when a rate cut is likely at this point.    Key moments this episode:  00:56 — What have we learned from this latest announcement?   1:43 — What numbers fed into this rate decision?  3:08 — Why has it been so hard to get to that Bank of Canada inflation target?  4:50 — If shelter costs are the most stubborn part of inflation, how much can the Bank of Canada move the needle?  7:12 — Breaking down the conundrum around how inflation and shelter costs are related  8:26 — What other risks could drive up inflation?  10:05 — When might we see rate cuts?  12:05 — What would need to happen for the Bank of Canada to begin interest rate cuts?  13:24 — How does government spending factor into the Bank of Canada's upcoming decisions?  15:46 — It's been about two years since the Bank of Canada began hiking rates. What have we learned since then?  17:16 — The two things Canadians need to know after the decision today 

Something a little extra in your feed this week: a conversation recorded at a live event with the Chief Investment Officer of Global Wealth Management at Scotiabank (and Perspectives regular) Andy Nasr. Andy gives his take on the current state of the economy, interest rates, inflation, geopolitical events, and all the ways those factors are affecting stock markets and investing looking ahead towards the rest of 2024.    Key moments this episode:  2:00 — It's been a roller coaster of sometimes seemingly conflicting economic news and headlines lately. What should people make of that?  6:30 — Has the Bank of Canada been able to ‘thread the needle' with rates?  9:00 — What might happen to the global economy if interest rates remain elevated  9:40 — Why household finances are becoming a little more strained in Canada  11:48 — What is the impact of current interest rates on markets right now?  11:42 — Andy puts on his prediction hat: Where might GDP be headed in Canada?  17:05 — How ongoing geopolitical issues could affect economies and markets  18:12 — How the upcoming U.S. election could affect the Canadian economy  20:12 — What might play out in 2026 with the re-negotiation of CUSMA [Canada-United States-Mexico Agreement]  21:38 — A ‘hot take' on labour markets  25:25 — What explains the discrepancy between U.S. markets and Canadian market growth in the last year?  27:02 — What role does the ‘Magnificent 7' play in U.S. markets?  31:31 — What Andy looks at when it comes to geography in investing  35:30 — What impact have interest rates in the last year had on corporate debt?  37:45 — What kind of impact will the Chinese economy have on markets?  39:35 — What kind of opportunities does nearshoring bring to North America?  41:33 — Andy's take on expectations for equities earnings growth over the next year  43:22 — What about the fixed income side when it comes to portfolio construction?  46:17 — What about the 60/40 equities/fixed income rule of thumb? Is that a dated trope when it comes to investing?  48:28 — Question from the audience: Where does Andy see real estate prices landing in the next two years?  49:51 — Question from the audience: Where might the Canadian Dollar go in the near future?  

In this episode, we bring you another instalment in the occasional series where leaders at Scotiabank interview experts on an issue that resonates with them. You'll hear a conversation between Janice Holzscherer, Managing Director and Head of Agriculture at Scotiabank and Cherilyn Jolly-Nagel, farmer, speaker, advocate and Scotiabank Women Initiative participant. Recorded on location at Cherilyn's farm in Saskatchewan, the two discuss the misconceptions around the role of women in agriculture, the need for all modern farmers to get their stories out to the public and more.    Other episodes of the Leadership Series:   A conversation with the woman behind Orange Shirt Day, Phyllis Webstad  The ethics of AI and Data  The power of allyship in the workplace   Key moments this episode:   2:21 — Cherilyn tells us a bit about the history behind her farm  3:03 — Why Cherilyn didn't always want to be a farmer and what changed her mind  5:18 — How Cherilyn came to be an advocate for farmers  6:11 — What unique perspective does Cherilyn bring to the table as an advocate?  9:05 — Why bringing diverse perspectives and voices to the table is important and how far agriculture has come  10:59 — Why Cherilyn hates getting asked about ‘women in agriculture'   14:34 — The lesson Janice got from her daughter about hearing other women's experiences  17:12 — A story about a media appearance that surprised Cherilyn, inspired a unique gift from her mom and taught her a lesson about women in farming  21:00 — Why Cherilyn now focuses her energy on talking to non-farmers  22:54 — Why there is a disconnect between how the public perceives farmers and what farmers really do, and how to potentially bridge that gap  25:38 — Why farmers suddenly have a new job: PR  27:02 — What is the one thing Cherylin is the most proud of? 

Imagine it's late one night and you're awoken by a call. It's a panicked loved one telling you they've been in an accident and need money right away. Except it's not actually a loved one, it's a fraudster using AI to perfectly mimic their voice. That's just one example of the latest in advanced schemes being employed these days to trick you into parting with your money. Tammy McKinnon, Senior Vice President of Fraud Management at Scotiabank is our guest this episode to walk us through some emerging scams, tell us some potential red flags to watch for and some simple ways for you or someone in your family to avoid becoming a victim.    For more fraud prevention resources, check out Scotiabank's Cybersecurity and Fraud Hub.    Key moments this episode:  1:44 — What stats tell us about whether fraud is getting worse  2:21 — The stigma associated with being scammed, why anyone can be a victim  4:00 — Emerging scam #1: the shocking way AI is being used to swindle people  8:21 — Emerging scam #2: cryptocurrency scams  9:21 — Why fraudsters are willing to put in more time for scams  9:38 — What is a romance scam?  10:21 — Do we know where these scams are originating from?  10:52 — Emerging scam #3: impersonation scams  12:16 — Some ways to tell if a call from a bank is legitimate or not  13:29 — Some simple precautions to avoid these increasingly sophisticated scams  16:07 — A bit about how Tammy prevents fraud at the bank  17:12 — The one thing listeners should take away from the interview  17:40 — How to tell the real Stephen from his voice clone 

Canada's productivity is declining and has been lagging for some time. A country's productivity is an economic measure that boils down to how much stuff is produced by each working person. And according to our guest, Scotiabank's Chief Economist Jean-François Perrault, it's the most important economic variable we have. And declining productivity can have big implications for everyday Canadians. This episode, we have a crash course on productivity. We'll learn exactly what it is, how it's calculated, where Canada stands and why finding a solution to declining productivity is so difficult.      Key moments this episode:  1:33 — The basic definition of what productivity is  2:09 — How is it measured? (And why is it so complex?)  4:19 — Why productivity is “the most important economic variable we have”   5:59 — Why increasing productivity equates to increasing standard of living  7:00 — How Canada's productivity has looked historically  8:21 — The mystery behind why Canada lags behind in productivity  12:15 — What the long-term impact of declining productivity could be on Canadians  14:08 — The big question: how do you solve the problem when you aren't sure what the cause is?  18:03 — Why productivity is the “number one public policy issue” in Canada