The Bank of Canada has decided to hold its key policy rate steady at 2.75%, for the third consecutive time, amid ongoing trade uncertainty.  

Scotiabank’s Chief Economist Jean-François Perrault returns to break down the central bank’s decision to hold once again, how Canada’s economy has been stronger than anticipated, possible economic scenarios ahead, and much more. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

 1:10 - JF’s main takeaway from the decision 

1:35 - Did we learn anything from the Bank of Canada’s commentary or outlook? 

2:31 - Was a hold the right call in JF’s view? 

3:16 - JF walks us through the Bank of Canada’s three possible economic scenarios ahead 

5:18 - What scenario does JF think is most likely? 

5:55 - How unusual is it for the Bank of Canada to not have an economic forecast? 

7:14 - What is the current state of Canada’s economy? 

9:30 - A breakdown of Canada’s “unbelievable” employment numbers 

10:34 - Which sectors are feeling the impact of trade uncertainty the most? 

12:17 - Scotiabank Economics’ outlook for rate decisions for the rest of 2025 

15:07 - What’s happening in Canada’s housing market? 

16:54 - JF’s main takeaways for Canadians from the Bank of Canada’s decision and outlook? 

Newcomers to Canada are still critical to fuel our country's economic growth, despite recent cuts to immigration targets. In this episode, we’re joined by Kingsley Chak, the Senior Vice President of Deposits and Investments at Scotiabank, and Anthony Bambokian, Senior Economic Analyst with Scotiabank. They’ll discuss Canada’s changing immigration targets and the potential economic impacts that may have, the hurdles new Canadians face, some of the services Scotiabank offers newcomers, and much more. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

2:14 - Anthony catches us up on Canada’s immigration numbers from pre-COVID to present 

7:13 – Why, despite changing targets, Canada will always be a nation of immigrants 

8:48 – What balance Canada needs to strike when it comes to new arrival targets 

10:24 – What are the main challenges newcomers face when they first arrive in Canada? 

11:30 – Some data around how long it takes newcomers to find their economic footing after arriving in Canada 

13:25 – Two more key hurdles many newcomers face in Canada 

14:42 – What challenges newcomers face when it comes to banking and finances 

19:02 – The numbers behind newcomers and entrepreneurship 

21:12 – How Kingsley's personal immigration story also relates to banking 

22:18 – Final takeaways from the conversation

Scotiabank’s Chief AI Officer, Yannick Lallement, returns to fill us in on the latest breakthroughs in artificial intelligence. He’ll also give us an update on how AI is being used in the banking and finance world and what might be on the horizon. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

1:54 – How Yannick got to be Scotiabank’s Chief AI Officer 

3:44 – Did Yannick expect this proliferation of AI technology when he started studying it in the 90s? 

4:37 – The thing that surprised Yannick most about the latest breakthroughs in AI 

5:45 – The surprising way Yannick uses AI in his day-to-day work 

6:30 – A new type of AI on the horizon: agentic AI 

9:02 – In general, has the financial services industry adopted AI? 

9:37 – How has Scotiabank been adopting AI? 

15:25 – How banks and other institutions are safeguarding clients when it comes to AI 

18:22 – What Yannick sees for the future of AI in banking 

The Bank of Canada announced that it has held its policy interest rate steady at 2.75% for the second consecutive time as tariff uncertainty continues to loom, the Canadian economy shows signs of weakness and inflation persists.  

Scotiabank’s Chief Economist Jean-François Perrault is back on the show to break down the central bank’s latest decision, what’s happening with inflation and in Canada’s housing market, why he doesn’t expect any interest rate cuts this year, and much more.   

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode:  

1:00 — What is JF's main takeaway from the Bank of Canada's latest decision? 

1:43 — JF breaks down Canada's latest GDP numbers and how that factored into the central bank's decision to hold 

4:03 — A closer look at inflation in Canada and how key measures are rising 

6:35 —JF's outlook for the economy in the coming months 

10:00 — Why JF isn't expecting the Bank of Canada to announce a cut this year 

14:06 — What's happening in the Canadian housing market? If interest rates stay put for awhile, what kind of ripple effect could that have? 

16:29 — The main takeaway from the Bank of Canada's decision and outlook for Canadians 

Financial abuse has been called ‘The crime of the 21st century’ and elder financial abuse in particular is becoming increasingly prevalent. In this episode, our guests are Raeann Rideout, Director of Strategic Partnerships for Elder Abuse Prevention Ontario, and Nicole Daley, Senior Investigator for Central Canada at Scotiabank Corporate Security Investigation Services. They'll explain how elder financial abuse happens, how to spot it, what to do if you’re a victim or suspect someone is and more.  

For more resources and information please visit Elder Abuse Prevention Ontario or 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: 

1:40 – Starting with the basics: what is elder financial abuse? 

2:41 – A few stats to give a sense of the scale of the issue 

4:16 – How does this type of abuse typically start? 

4:55 – Who are the typical perpetrators of elder financial abuse? 

7:33 – How to spot elder financial abuse 

8:33 – Misconceptions around this issue 

9:30 – How power of attorney, or POA, factors into elder financial abuse 

10:56 – How seniors can balance the benefits of a POA for property while still protecting themselves 

12:15 – What should someone do if they are a victim or suspect someone is a victim of elder financial abuse? 

14:16 – What Scotiabank is doing to prevent financial abuse of seniors 

15:15 – Final takeaways from the discussion 

With life expectancy on the rise, people may actually spend more time in retirement than they do working. With that in mind, this episode is the second of a two-part series we’re calling Investing Through the Ages. In it, we’ll work our way through different age groups and break down how they should be thinking about saving and investing at each stage along the way. In this instalment, we’re looking at age 50 and beyond, also known as the decumulation stage. Erin Griffiths, the Executive Vice President of Scotiabank Global Wealth Solutions, is our guest to give tips on how to age gracefully from a financial perspective in the face of recent volatility, how to best shift from saving to generating income from your assets, address some common misconceptions about this phase and much more. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

1:46 – Erin introduces us to what experts call the “decumulation stage” 

4:25 – How should people think about investing differently at this stage? 

6:09 – How longevity has complicated retirement planning in recent years 

9:35 – Addressing common misconceptions about managing money at age 50+ 

10:55 – How should people who are facing retirement or recently retired be navigating market volatility?  

13:40 – What exactly does a financial plan look like at age 50+? 

15:50 – Breaking down the two key elements around planning for retirement: financial and personal 

19:13 – What challenges do women in particular at this age face when it comes to wealth management? 

20:15 – What about intergenerational wealth transfer — how does that factor into financial planning? 

22:09 – What Erin wants people to take away from this conversation 

The Professional Women’s Hockey League (PWHL) recently announced they'll be adding two new teams next season and league-wide attendance has now surpassed the 1 million mark. What’s been the key to this still-young league’s huge success? Jayna Hefford, the Executive Vice President of Hockey Operations for the PWHL and a four-time Olympic gold medalist with Team Canada, tells us how the business strategy behind the league helped propel it beyond a successful launch and into part of what’s becoming a cultural movement.    

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

2:02 – Jayna's overall assessment of the PWHL’s second season so far 

3:36 – What surprised Jayna about the make-up of the fans 

4:23 – The strategy to sustain fan excitement for the second season 

5:20 – How a mandate from leadership helped enable some of the league's innovations 

7:53 – Why has this iteration of professional woman’s hockey gained traction? 

10:16 – How does the PWHL attract talent? 

11:25 – How viewership has changed since the league started and how that's helped growth 

12:43 – The role the PWHL plays in wider societal change 

15:08 – A look ahead to next season 

16:32 – What the success of the PWHL means personally to Jayna 

As talk of U.S. tariffs continues to dominate headlines, one potential homegrown way to mitigate the effects keeps cropping up: interprovincial trade. But just how much impact would removing or reducing the existing barriers to trade between provinces actually have? John McNally, Economist and Senior Policy Advisor at Scotiabank, is our guest to tell us what the main roadblocks to interprovincial trade are, what the newly-elected Liberal government plans to do about the issue and give us a reality check on just how much of an impact reducing these barriers might have on the Canadian economy.  

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

1:29 – How realistic are the estimates of the potential impact of reducing interprovincial trade barriers on GDP ? 

2:01 – How much trade currently happens within Canada? And how important is it to the economy? 

3:30 – How much of Canada's international trade is with the U.S.?

4:36 – Which sectors do interprovincial trade barriers impact the most?  

10:04 – Some examples of the current barriers to trading between provinces 

12:31 – How labour mobility is affected by interprovincial barriers 

14:56 – How difficult is it to actually reduce these barriers?  

17:12 – What about the EU? Is there anything we can learn from their model? 

18:47 – What difference has the Canadian Free Trade Agreement made and is that something that can be built on? 

20:40 – What has Mark Carney promised on the campaign trail around interprovincial trade? 

24:34 – What’s a realistic boost to GDP that we might expect to see if we reduce trade barriers between provinces? And what’s stopping us from getting there? 

28:10 – John gives a sense of the scale of trade between provinces vs. trade with the U.S. 

30:42 – Why lowering interprovincial trade barriers isn't a silver bullet

This episode we’re bringing you a recording of a special live event that took place the morning after election day. Scotiabank Global Banking and Markets assembled a panel of experts to give their first take on the potential economic implications of the election results.   

You’ll hear from Rebekah Young, Vice President and Head of Inclusion & Resilience Economics at Scotiabank, Roger Quick, Director of Fixed Income Strategy at Scotia Capital Inc., Hugo Ste-Marie, Director of Portfolio and Quantitative Strategy in Equity Research at Scotia Capital Inc. and Patrick Bryden, Global Head of Thematic & Sustainability Investment Research at Scotia Capital Inc. The event was moderated by Bannon Kopko, Managing Director of Global Equity Sales at Scotiabank Global Banking and Markets. They’ll give us their first take on the macro-economic implications of the election results, what it means and where things could be heading. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures

Key moments this episode: 

1:49 - Rebekah Young discuss the challenges Prime Minister Mark Carney faces in a minority situation in advancing an economic agenda and dealing with the tariff threat 

9:58 - Roger Quick looks at the potential impact on interest rates, federal budget deficits, and bond yields  

15:48 - Hugo Ste-Marie discusses the stock market implications 

20:24 - Patrick Bryden covers sector specific implications, including energy, renewables, mining and more 

28:45 - Question for Rebekah and Roger: What would the deficit look like if Canada enters a moderate recession in the next couple of years? 

32:24 – How might a response to President Trump look for the Prime Minister? And does a minority government affect negotiating?  

No matter what stage you're at in life, saving and investing can seem daunting. That’s why this episode, we're bringing you the first of a two-part series we’re calling Investing Through the Ages. In it, we’ll work our way through different age groups and break down how they should be thinking about saving and investing at each stage along the way. In this installment, we’re focusing on what experts call the accumulation stage – roughly age 25 to 50. These are most people’s core working years where they accumulate the majority of their wealth. Devon Lacombe, Vice President of Retail Investments at Scotiabank, is our guest and has some practical tips on how to balance short-term and long-term savings goals during this pivotal phase. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

2:05 – Devon explains what the accumulation phase is 

3:44 – The start of the accumulation stage: how should people be investing and saving in their 20s and 30s 

4:36 – A key tool to ensure people are hitting their saving and investment goals during this period 

5:48 – The first type of account people should be thinking of during this phase 

8:11 – What about people who are carrying student debt? How should they approach saving? 

9:43 – The benefits of starting to save and invest early 

10:53 – At what point should someone talk to an advisor when it comes to saving and investing? 

11:55 – A mistake Devon made early in her accumulation stage and the lesson she learned from it 

13:04 – The next potential milestone during the accumulation stage: home ownership. How does that factor into investing and saving goals? 

14:06 – A primer on the First Home Savings Account (FHSA) 

15:55 – How much of your income should go towards home expenses? 

17:11 – What about buying a house as an investment? 

18:32 – Another milestone during this phase: having children. Devon explains how an RESP works 

19:27 – How to prioritize saving and investing when financial responsibilities are piling up during this phase 

22:31 – How to approach investing during the next major life milestone: middle age (and a good benchmark for what you should have saved for retirement at this point) 

24:50 – How should wealth transfer from parents impact financial planning? 

26:02 – Planning for the next phase (and our next installment of this series): the decumulation stage