Perspectives

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   

Yuko Girard, a Portfolio Manager at Scotia Global Asset Management, shares invaluable insights on avoiding common investment pitfalls. She discusses the dangers of over-relying on tech stocks and the futile effort of trying to time the market. Yuko warns against chasing returns and emphasizes that the market doesn’t always reflect economic reality. She also highlights the risks of investing based on political speculation. Tune in for practical advice to enhance your investment strategy and build a resilient portfolio!

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 

Jean-François Perrault, Chief Economist at Scotiabank, shares insights on the recent 25-basis-point cut in Canada's interest rate, the third consecutive reduction. He discusses its positive implications for borrowers, inflation trends, and the housing market. Perrault also explores the expected decisions for 2024-2025 and their potential impacts, including rising unemployment due to an expanding labor force. Additionally, he touches on trade tensions with China and how they may influence the economy amidst changing interest rates.

Scotiabank's Chief Economist discusses the recent interest rate cut by the Bank of Canada, emphasizing factors like housing market impact, risks to inflation, and potential recession. Insights on divergence between U.S. and Canadian central banks and key takeaways for Canadians.

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 

Scotiabank’s Chief Economist Jean-François Perrault discusses the Bank of Canada's interest rate cut, its impact on the housing market and the economy, and future rate expectations. Key topics include reasons for the cut, inflation targets, effects on Canadians, future rate adjustments, and indicators for future cuts.

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?