Perspectives

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 

Join Chief Economist Jean-François Perrault from Scotiabank and Chief Investment Strategist Myles Zyblock from Scotia Global Asset Management as they explore the post-election economic landscape. They dissect how U.S. election outcomes could sway stock markets and discuss the bullish vs. bearish implications for global growth. Delve into the consequences of Canada's immigration policy on labor and housing, and uncover the transformative role of AI on economies and jobs. Plus, hear why Myles has a keen interest in gold's market dynamics!