Perspectives

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 

Learn about the impact of increasing life expectancy on retirement savings and financial planning, challenges of saving money, the importance of a financial plan, and the potential changes in traditional retirement strategies due to longevity. Gain insights on asset allocation, risk management, and navigating retirement finances in volatile markets.

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 

Chief Investment Officer Andy Nasr discusses the economy, interest rates, inflation, and geopolitical events affecting stock markets. Highlights include predictions for GDP, impact of interest rates on markets, and analysis of U.S. vs Canadian market growth. The episode also explores the effects of geopolitical issues, upcoming U.S. election, and CUSMA renegotiation on economies and investments.

Join the conversation between Janice Holzscherer and Cherilyn Jolly-Nagel on challenges faced by women in farming. They discuss the history of Cherilyn's farm, the importance of diverse perspectives, and the need for farmers to share their stories. Cherilyn shares her journey from reluctance to advocacy and the misconceptions around 'women in agriculture'.

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 

This podcast discusses Canada's declining productivity and its impact on standard of living. It explores the definition of productivity, how it's measured, and why it's important. It addresses Canada's historical productivity, the mystery behind its lagging performance, and the potential long-term consequences. The podcast also highlights the challenge of finding the cause and solution to declining productivity. Overall, productivity is considered the number one public policy issue in Canada.

Rebekah Young, Head of Inclusion and Resilience Economics at Scotiabank, discusses the shortage of critical minerals used in modern technology. She highlights the importance of these minerals for clean technologies, the challenges of obtaining them, Canada's current deposits, and the future demand. Nearshoring and collaboration among countries are potential solutions, emphasizing the need for policy harmonization.

We go behind the scenes of a modern family farm to see how cutting-edge technology is helping farmers run a more sustainable operation. This episode, Terry Aberhart gives us a tour of Aberhart Farms and tells us about the advanced tools he uses, the hurdles he sees in implementing these practices on a wider scale and the public perceptions of sustainability in agriculture vs. the reality.  Key moments this episode: 1:59 — Terry tells us more about Aberhart Farms and their mission 3:25 — “Sustainability” has become a bit of a buzzword, how does Terry define it? 5:12 — How have Terry’s processes evolved in order to be more sustainable? 8:40 — What is “precision farming”? 10:54 — How much technology is used on a modern farm and why it’s unexpected to some 12:12 — How well adopted in precision farming in Canada? 13:50 — What do non farmers usually get wrong when it comes to perceptions of sustainability? 17:45 — How is a movement towards sustainability received in the industry? 19:29 — What hurdles the sector faces when trying to implement sustainable practices 21:54 — Does running a farming operation more sustainably make it more difficult?  23:54 — Who will be taking over the Aberhart family farms in the future?