The Big Story

This episode first aired on November 7, 2024 over at In This Economy?!, our sister show at the Frequency Podcast Network. The show helps Canadians understand the systems behind their money problems so they can make informed decisions about their personal finances. If you like what you hear, please consider giving us a follow! This holiday season, about one third of Canadians are planning to either buy fewer gifts, or spend less on the gifts they do buy because they're struggling with their finances. Today, we're looking at ways to limit holiday spending without disappointing anyone.GUEST: Shannon Lee Simmons, Certified Financial Planner (CFP), Chartered Investment Manager (CIM)  and founder of the award winning New School of Finance.  We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at hello@thebigstorypodcast.ca Or @thebigstoryfpn on Twitter

Mark Colley, a Toronto-based reporter for the Toronto Star, dives into the bizarre world of butter thefts plaguing Guelph, Ontario. Why are thieves targeting this creamy delight and making off with hundreds of pounds at a time? Colley unravels the intriguing motives behind these heists, from rising prices to potential black market exploits. He also explores the logistical hurdles thieves face in keeping their stolen loot cold and questions the strange demand for such an unexpected commodity. It's a tasty tale of crime and intrigue!

David Moscrop, a political writer and author of 'Too Dumb for Democracy,' dives into the potential ramifications of Donald Trump's return on Canada. Key topics include the likely shifts in trade, immigration, and defense as Canada prepares for a challenging diplomatic landscape. Moscrop examines the evolving voter dynamics in the U.S. and their implications for Canadian elections, bringing to light the rising anti-establishment sentiment. He emphasizes the necessity for Canada to strengthen ties with U.S. stakeholders to safeguard its interests.

Trevor Tombe, a Professor of Economics at the University of Calgary, dives into Canada's alarming productivity decline. He discusses how Canada has slipped behind the U.S. and identifies key sectors, like oil and gas, contributing to the lag. Tombe examines the impact of trade uncertainties and environmental policies, shedding light on complex internal barriers. He emphasizes the significance of productivity for living standards and suggests strategies for improvement, urging a focused framework for economic policy reform.

Dr. Balkan Devlen, Director of the Transatlantic Program, shares his insights on the gripping intersection of U.S. elections and the Ukrainian conflict. He discusses how a potential Trump victory could jeopardize U.S. support for Ukraine, while a Harris win may not shift the status quo. The dire conditions on the battlefield for Ukrainian troops are highlighted, especially with North Korean troops now in the mix. Devlen raises alarms about the geopolitical implications for Europe amidst a looming power vacuum created by U.S. political instability.

Gerald Butts, Vice Chair of the Eurasia Group and former Principal Secretary to Canadian Prime Ministers, discusses the potential resurgence of Quebec's sovereignty movement as the 30th anniversary of the 1995 referendum approaches. He draws intriguing parallels between past and present political climates and examines the impact of a likely Conservative majority on Quebec's future. The conversation also touches on the dangers of foreign interference and the importance of unity among Canadians amidst rising divisiveness.

Amy Dempsey, a senior writer at The Toronto Star and raccoon expert, hilariously details how Toronto went from having rare sightings of raccoons to being home to the world's most notorious trash pandas. She recounts amusing historical skirmishes, particularly the 1965 Clinton Street confrontation, and how community perceptions have evolved. Dempsey also highlights the ongoing challenges of coexistence, showcasing a mix of cultural affection and practical frustrations with these clever scavengers.

Rubina Ahmed-Haq, a personal finance expert and multimedia journalist, shares invaluable insights on switching banks. She discusses when it's the right time to switch, highlighting signs to look for. The conversation delves into the pros and cons of credit unions versus online banks, revealing how they differ regarding services and fees. Rubina provides a step-by-step guide for the smooth transition of bank accounts, along with critical tips on managing potential fees and understanding credit score implications. Tune in for a must-listen on banking choices!

Rob Sheffield, an American music journalist and author of "Heartbreak is the National Anthem," dives into the monumental impact of Taylor Swift's Eras Tour on cities like Toronto. He discusses how her shows generate hundreds of millions in economic benefits, create intense fan excitement, and pose unique security challenges. Sheffield reveals Swift's incredible evolution from country star to cultural icon, highlighting her deep connection with fans and the vibrant community her concerts foster. Can Swift ever give back the industry she's claimed?

Join Calvi Leon, a crime reporter from The Toronto Star, as he unravels the shocking transformation of Ryan James Wedding—from Olympic snowboard hopeful to alleged drug kingpin. Discover how Wedding fell deep into drug trafficking and violence, entwined with a major Mexican cartel. The chilling details of a double homicide linked to his activities spotlight the tragic consequences of his choices. With ongoing investigations and a $50,000 reward for his capture, this gripping narrative raises questions about crime, fame, and redemption.