Perspectives

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/disclosuresKey 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? 

Jean-François Perrault, Scotiabank’s Chief Economist, breaks down the implications of the Bank of Canada’s recent interest rate cut. He discusses the uncertainty affecting Canadians, including inflation trends and possible recession risks linked to tariff impacts. Perrault analyzes whether the rate cut was the right move and shares his thoughts on potential future adjustments. He provides reassuring insights for Canadians concerned about their financial decisions amidst these economic fluctuations.

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

Join Tracy Gomes, Senior VP of Real Estate Secured Lending at Scotiabank, and Jean-François Perrault, Chief Economist at Scotiabank, as they dissect the current Canadian housing market. They discuss recent buyer-friendly regulations and rising optimism for the spring season. Learn how immigration policies might impact demand and what sentiment is like from those active in real estate. They also ponder what buyers should consider when diving into the market this spring, amidst a backdrop of fluctuating interest rates and construction dynamics.

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”