Perspectives: Recent Episodes
Scotiabank Perspectives
Each week we help break down the important economic issues on Canadian’s minds. With our unique access to leading experts, timely insights and helpful explainers, we navigate the latest in the world of finance, housing, business, the markets — and more. For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
You’ve probably heard of ChatGPT. It’s a chatbot that uses a form of artificial intelligence called generative AI. And it can do everything from suggest wine pairings to write a cover letter. But how exactly should we be using this new technology in the workplace? Our guest this episode is Yannick Lallement, Vice President, Corporate Functions Analytics and Chief Artificial Intelligence Officer at Scotiabank. He’ll shed some light on how people are already using generative AI in the workplace, what the risks and blind spots are and where he sees this technology heading in the future. Looking for a great explainer on how AI works? With cats?! Check out Yannick's last appearance on the show. Key moments this episode: 1:41 — Stephen attempts to use ChatGPT... and finds one of the app’s shortcomings 2:09 — What is generative AI? How is it different from other forms of AI? 3:22 — A quick ChatGPT primer – what exactly is it? 5:52 — What is ChatGPT most useful for? 8:25 — The benefits of using ChatGPT in the workplace – some examples of where it is currently helping people do their jobs 11:16 — Why ChatGPT is a tool, not a replacement for someone’s job 12:10 — Two main concerns with using ChatGPT in the workplace 13:30 — What is a ‘hallucination’ when it comes to generative AI? 14:11 — Ethical issues in how ChatGPT is trained 16:16 — How Yannick sees the future of how we use generative AI in the workplace
The First Home Savings Account, or FHSA, is a new type of registered plan available to Canadians. This episode we’re explaining the ins and outs of the FHSA and how you might be able to take advantage. Kingsley Chak, the Senior Vice President of Deposits, Savings and Investments at Scotiabank, is our guest. He’ll also give us a refresher on all those other savings account acronyms you’ve heard of but might not be 100% clear on. So, you’ll come away knowing the ABCs of TFSAs, RRSPs, RESPs and more. Key moments this episode: 1:00 — What exactly is the First Home Savings account? 1:28 — Why was an account like this created? 1:47 — How much can you contribute to an FHSA? How does it work? 3:20 — Who should consider opening an FHSA? 4:23 — Who can open a FHSA? 4:50 — Could parents or grandparents open an account for a child or grandchild? 5:22 — Some tips on the best way to use the FHSA 5:51— A tip on how the FHSA can work with an RRSP 6:02 — Can a couple or several people pool their own separate FHSAs? 6:50 — When will the FHSA be available? 7:08 — How is the FHSA different from the Home Buyers Plan? 8:04 — A breakdown of investment vehicle acronyms – starting with RRSP 9:25 — What is an RRIF? 9:58 — What is a TFSA? 11:44 — What is an RESP? 13:04 — What is an RDSP? 13:26 — What is an MPSA?
In this episode, we bring you another instalment in the occasional series where leaders at Scotiabank interview experts on an issue that resonates with them. Today, you'll hear a conversation about data ethics hosted by Grace Lee, Scotiabank’s Senior Vice President, Chief Data and Analytics Officer, with Anton Ovchinnikov, Distinguished Professor at the Smith School of Business at Queen’s University and a Scotiabank Scholar of Customer Analytics. They discuss what exactly data ethics means, why financial services are well positioned to take a leadership role in this emerging field and much more. Read Anton’s research study on AI and gender bias here. Other episodes of the Leadership Series: The power of allyship in the workplace Removing barriers to newcomer economic resilience Key moments this episode: 1:59 — What exactly is data ethics? 3:41 — How does the study of data ethics relate to traditional ideas of ethics? 6:30 — Technology is evolving faster than our norms and ethics can keep up it seems, how can we feel comfortable around things like AI? 9:04 — How should can people play a positive role in implementing data ethically as more and more people have access 11:50 — How is ethics around data evolving? 13:47 — How can people concerned about AI ensure it’s doing more good than harm 15:53 — Why AI’s use ultimately is a business decision 16:52 — What Grace sees as the hardest part about implementing AI in a business 18:58 — Why increased awareness of AI has been helpful 20:03 — What Grace has learned from risk management that she applies to her approach to implementing AI
On Wednesday, the Bank of Canada increased its benchmark rate a quarter percentage point, to 4.75%. That’s the highest it’s been since 2001. A combination of stubborn inflation and an economy that just keeps humming along explains why the Bank decided it needed to hike again after a pause of several months. Scotiabank’s Chief Economist Jean-François Perrault is back this week to walk us through the decision, the reasoning behind it, why it was the right thing to do, and to explain what it means for households – especially those with variable-rate mortgages - and the economy in the coming weeks and months.
Summer is right around the corner and Canadians are not only thinking about how they’re going enjoy the warm weather, but also how much it’s going to cost them. Scotiabank’s Consumer Products Analyst George Doumet returns to the show to talk to Perspectives’ Armina Ligaya about where prices may still be up, where they’re going down and a look at the bigger picture when it comes to retail heading into vacation season. Key moments this episode: 0:57 — What is top of mind for consumer and retailers as we head into the summer? 2:13 — How is inflation and interest rates impacting consumers? 2:51 — What is the ‘eighth inning of experience’? 3:12 — The price of goods: what's up and what's down 5:46 — How did retailers go from supply woes to high inventory woes? 6:57 — How does what’s happening in the workplace affecting retail spending? 8:22 — What’s behind the recent store and chain closures we’ve been seeing? 9:45 — What is ‘bifurcation’ and why is it a key theme this summer in retail? 10:16 — Can anything we’re seeing now apply to the crucial holiday shopping season? 11:00 — The most important question – what is George's favourite ice cream flavour?
Canada’s labour market is facing massive shortages. Employers right now just can’t fill jobs. Meanwhile, people with disabilities face much higher rates of poverty and unemployment than non-disabled people. With International Day of Persons with Disabilities upon us, our guest this episode is Rebekah Young, Vice President and Head of Inclusion and Resilience Economics at Scotiabank. She’ll explain how a more inclusive labour market can not only help Canadians with disabilities, but also help solve a persistent economic problem. Read Rebekah’s report here.
Key moments this episode: 1:27 — Some big picture numbers around disability in Canada 2:13 — How do those numbers tie into the challenges that labour market is facing? 3:38 — The “mind-blowing” number of Canadians with disabilities who have the potential to work but aren’t getting the chance 4:02 — What’s holding back that large amount of people from being employed? 5:50 — What governments could do to help solve this issue 7:54 — What role private- sector employers could play and why 9:25 — How companies and governments can come together to make the labour market more inclusive 11:28 — A call to action
With Black Friday upon us, the holiday shopping season is unofficially underway. Scotiabank Consumer Analyst George Doumet is our guest and breaks down where prices are going up and by how much, what trends he’s seeing and, believe it or not, where you might even be able to catch a deal this year.
Key moments this episode: 1:06 — Why does it seem like Black Friday deals start earlier and earlier each year? 1:29 — How important is Black Friday to retailers in Canada? 2:04 — The good news when it comes to retail this holiday season… 2:29 — …and the bad news. With a silver lining. 3:41 — How inflation will affect Black Friday prices 4:12 — What is ‘trade down’ and why is it a trend this season? 4:48 — Where will customers see some deals this season? 6:21 — Which areas won’t see much of a discount? 7:02 — The “big new threat” to retailers this season 7:37 — Why grandma’s apple pie is going to cost a lot more this year 8:33 — How grocery consumers’ habits are changing because of inflation 9:04 — What are customers to make of grocery store profits? 10:46 — Beyond the holiday season, what is the health of Canadian consumers?
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The word recession is hard to avoid these days. Despite the term being on the tips of everyone’s tongues, there still seems to be confusion about the basics. Is there going to be one? How bad will it be? How do you even define the term? Apparently even that old, go-to definition that a recession is two consecutive quarters of negative GDP growth might not be entirely correct. So, in this episode we go back to basics for a primer on this seemingly nebulous economic term with the help of our guest, Scotiabank Chief Economist, Jean-François Perrault.
Key moments in this episode: 1:08 — The definition of a recession and why it’s not necessarily what you might think 2:10 — Why a “quick and dirty” definition of a recession can be helpful 2:35 — Who declares whether there’s a recession in Canada? 3:23 — Why it’s only AFTER a recession that we can tell there’s been a recession 3:44 — What is a technical recession? 3:50 — A brief recession history lesson 4:31 — What historically often triggers recessions 5:15 — How long did past recessions last? 6:11 — What a recession in 2023 might look like if we have one 9:21 — What should people be worried about if there is a recession? 11:11 — How psychology and public perception plays into recessions 12:58 — When recessions usually occur in the economic cycle 13:50 — What can governments do to help with a recession? What should they avoid doing? 15:37 — If we have a recession, will we have a “soft landing”?
Aside from the weather, gas prices might just be the most popular point of conversation for Canadians. Everyone seems to be an armchair expert on the subject. In this episode, we explore what’s behind those ever-changing numbers at the pump with the help of Jennifer Stevenson from the Scotia Global Asset Management Investment Team.
Key moments in this episode: 1:01 — The biggest factor when it comes to the cost at the pumps 1:53 — Why refineries are another large factor in gas prices 3:26 — Why there are so many unknowns in the process, from refinery to retail, that impact prices 5:01 — Gas stations often make more money from chocolate bars than gasoline 5:56 — Why there are fewer and fewer refineries 7:23 — How the war in Ukraine is affecting gas prices and why that may soon change 9:00 — A breakdown of why OPEC has reduced their supply recently 11:15 — Explaining Biden’s use of oil reserves 13:34 — Why a recession may be the only thing that slows energy prices
Canadians love getting free stuff. A big way to do that: collecting loyalty points. Over 90% of us belong to at least one program. And on average Canadians are enrolled in more than 12. In this episode Clinton Braganza, who oversees the rollout of the new Scene+ program at Scotiabank, provides us with an insider's look at loyalty programs in Canada, how they’ve evolved and where they’re headed.
Key moments this episode: 1:24 — A brief intro to the customer loyalty space in Canada 1:48 — What kinds of free stuff do Canadians like? 2:34 — The digitization of loyalty programs 4:56 — How has inflation influenced how people use loyalty cards? 6:12 — The evolution of Scene+ 9:16 — What was the ultimate objective of creating Scene+? 10:26 — The biggest challenges in creating a new loyalty program 11:53 — The results so far of the Scene+ roll out 12:34 — Why loyalty programs are especially important during inflationary times 12:48 — Clinton’s all time favourite film
The Bank of Canada surprised many with a smaller-than-expected rate hike of just 50 basis points. Scotiabank’s Chief Economist Jean-François Perrault is back to break down what this means and what the central bank is signaling about inflation and the economy ahead.
Key moments this episode: 00:48 — First reactions: why this move is surprising and what it could signal 2:08 — How did we end up at this high of an interest rate? 3:05 — What impact will these rising interest rates have on daily life? 5:15 — Has employment been affected by interest rate increases? 6:35 — What is a monetary policy report and what did it say? 8:33 — What is a ‘technical recession’? 10:15 — What would a ‘technical recession’ mean for Canadians?
This episode we get a primer on what exactly the term ‘circular economy’ means, why it goes beyond recycling and the economic levers behind creating a sustainable system. Dan Yungblut, Head of Research and Chair of the ESG Investment Committee at Scotia Global Asset Management is our guest.
Key moments this episode: 1:08 — What is a circular economy? 1:19 — How the circular economy goes beyond just recycling 2:02 — How long the idea has been around 2:30 — How the circular economy is being built into policy 3:01 — Two big pieces of policy that create incentives for reusing plastics 3:18 — What is extended producer responsibility? 5:37 — What can we learn about the circular economy from kids toys? 6:19 — What needs to happen for a circular economy to take hold? 7:48 — “There’s no such thing as a sustainable product, only a sustainable system.” 8:48 — Why is the circular economy on the radar of an asset management firm? 11:19 — What’s on the horizon for the circular economy 12:29 — What all this means for consumers' bottom line
Most COVID restrictions have long since lifted, but Canadian entrepreneurs are finding out “back in business” doesn’t necessarily mean “back to normal.” As we mark Small Business Month in October, we’re taking the pulse of that important sector of the Canadian economy with the help of Scotiabank’s Senior Vice President of Small Business, Jason Charlebois, and Dan Kelly, the President and CEO of the Canadian Federation of Independent Business. Come back to the Perspectives page all month for more small business coverage.
Key moments this episode: 1:27 — The mood of Canadian small business owners compared to a year ago 3:25 — Why businesses still have a long way to before being back to profitability 4:33 — What challenges small businesses now face with COVID restrictions lifted 5:36 — How entrepreneurs are dealing with interest rates and inflation 7:40 — Has the outpouring of support to small businesses during lockdowns carried over? 9:50 — How did lockdowns help with digitalizing business 12:57 — How the labour shortage is taking a massive bite out of businesses 14:00 — What advice does Charlebois has for small business owners? 15:20 — How they pandemic has changed how people approach work and what effect that has on small business 16:47 — What is at the crux of what the country needs to face current challenges
With political and economic turmoil in the news and the whole world asking, “Are we there yet?” about the end of interest rate hikes, it’s understandable that anyone with an eye on their money may be holding their breath. Andy Nasr, Scotia Wealth Management’s Chief Investment Officer returns this episode to explain how this has been affecting Canadian markets and maybe even find a silver lining.
Key moments this episode: 0:40 — Is Andy Nasr really this calm? 1:35 — Why investors around the globe are asking, “Are we there yet?” 2:38 — How is rising interest rates globally affecting the market? 4:50 — What should investors do when they see rates going up? 7:04 — Nasr’s expectation around a recession 7:40 — What’s the likelihood of a “soft landing”? 8:16 — How the latest developments from the war in Ukraine are affecting markets 9:16 — How long will this market volatility last? 9:48 — Why should investors care about what’s happening with the British Pound? 13:54 — Are there any silver linings here?
From microchip shortages to volatile demand to supply chain issues — Canada’s auto sector has been through a lot the last few years. Scotiabank Economist Laura Gu is our guest this episode. She’ll answer our questions about why used car prices are up over 50% from pre-pandemic levels, the rental market and catch us up on the state of Canada’s auto sector.
Key moments this episode: 0:58 — Quick summary of the rollercoaster ride over the last few years in the Canadian auto market 1:50 — Used car prices now vs pre-pandemic 2:25 — Are people still having to wait to get new vehicles? 3:09 — Microchip shortage 101 4:42 — What is just-in-time inventory and why is it used? 5:00 — What other factors are affecting supply and is that changing? 5:40 — What has all of this meant for vehicle prices? 6:18 — Why have used car prices gone up so much compared to new car prices? 7:42 — Rental car prices 8:42 — How healthy is Ontario’s auto industry? 10:03 — Where do we go from here? Will the price of vehicles come down again?
It’s welcome news that inflation is easing – at 7% for August, down from 7.6% a month earlier – but what does this mean for interest rates and the Canadian economy overall? Scotiabank’s Chief Economist Jean-François Perrault returns this episode to discuss the latest inflation numbers and why interest rates are still expected to rise. While he doesn’t expect a recession ahead for Canada, he says inflation data from September and October are going to be critical and will set the tone for the country’s economy over the next year. Still trying to get your head around what inflation is in the first place? We have a whole episode dedicated to just that called Inflation 101.
Key moments this episode: 1:10 — Perrault’s take on what a 7% inflation rate means 2:09 — What items contributed most to that rate 3:54 — What’s comforting about the latest StatCan report 4:55 — Why so much was riding on August inflation numbers and why the next few months are crucial 5:47 — Taking a step back and looking at where inflation numbers have been lately 6:24 — Why these numbers actually provide two sources of comfort for experts 7:16 — How do the latest inflation numbers impact interest rate hikes? 9:25 — The Prime Minister’s new inflation relief efforts and its impact. Will that increase inflation? 12:07 — What's next when it comes to inflation numbers? 12:47 — When is inflation going to get back to normal? 13:54 — The r-word: recession. Is that where Canada is headed? 15:22 — Why the hard data might contradict public feeling about a potential recession
Canada’s once soaring house prices are now dropping after a wave of interest rate hikes, but will they fall even further? This episode, Scotiabank’s Head of Real Estate Secured Lending John Webster and economist Farah Omran joins us once again to break it all down and take us behind the headlines.
Key moments this episode: 2:01 — Brief catch up on what’s happened in the last 6 months 3:50 — How the market’s been a bit of a roller coaster 4:23 — How have interest rate hikes affected the average selling prices 5:46 — What does “balanced market” mean and are we seeing one? 7:19 — Putting the covid housing boom vs current prices in perspective 9:16 — Will prices go below pre pandemic levels? How low will they go? 11:23 — What about people who bought at the peak and are seeing the price of their home go down? 13:40 — Is this a good time to jump onto the market? 15:11 — The big question: fixed or variable? 16:32 — What factors that will continue to drive demand even as prices come down? 21:02 — What should someone be thinking about if they’re looking to buy or sell in the next 6 months?
Welcome new listeners! Here’s a quick sample of what you'll hear on Perspectives, Scotiabank’s weekly podcast. Season 3 starts September 15th.
It’s a scary time for investors, from sharp interest rate hikes and stock swings to high inflation and recession talk. In this episode, Scotia Wealth Management’s Chief Investment Officer joins the podcast to walk us through the issues and explain why investors can take a lesson from Yoda and be patient (or potentially miss out in the long run). This is our last episode of the season. We’ll be back in the fall with season 3!
Key moments this episode: 0:44 - Why Andy Nasr is like Yoda 1:15 - Economic outlook for second half of 2022 3:00 - Thoughts on recession or "Economic Voldemort” 5:35 - What do “bear market” and “correction” mean? 8:30 - How do inflation and interest rates affect market and investment decisions? 10:39 - What might happen next 12:03 - How does this compare to economic slowdown caused by COVID? 14:25 - The worst thing you can do during uncertain times in the market 15:20 - Keeping a big picture point of view
By 2035, Canada will require all new cars sold to be zero-emission. That may seem like a long way off, but the transition to electric vehicles (or EVs) has already begun. So, in this episode we visit the Plug’n Drive Electric Vehicle Discovery Centre to answer some of the most common questions Canadian drivers have about EVs. Everything from price to range, environmental impacts and supply of new vehicles, and we even take a test drive. Key moments this episode: 2:57 - What types of EVs are on the market in Canada? 3:29 - New EV cost and rebates 3:53 - How much it costs to “fuel up” 4:17 - EV range 5:07 - Environmental benefits 6:30 - Charging 101 9:35 - Maintenance and battery life 11:59 - EV test drive 12:30 - New EV supply issues
Inflation remains stubbornly high and Canadians are increasingly feeling the pinch. The Bank of Canada has raised interest rates to tame it, but Scotiabank’s Chief Economist Jean-François Perrault says the central bank should not be in this battle against inflation alone. This episode, Perrault is our guest and he breaks down his latest economic report on how Canada’s federal government can help make a dent. Key moments this episode: 1:14 – Jean-François Perrault's summary of his article 2:45 – What impact could the Federal Government make on inflation? 6:23 – What kind of government spending are we talking about? 7:58 – Why the government providing money to individuals may actually make the inflation problem worse
Terms like wills, executors and powers of attorney usually only come up during a trying time in someone’s life. Not knowing how it all works can add to the stress and confusion. This episode, we cover the basics of estate planning. Hopefully well in advance of when you’ll need it. Sara Plant, the Vice President and Managing Director of Scotiatrust and MD Private Trust, is here to explain the importance of planning for the end, and how to go about it. Key moments this episode: 1:20 - Quick definitions of common estate planning term 3:55 – Why do you need a will? 5:30 – Who should have a will? 6:09 – When should you get a will? 6:34 – How to choose an executor 7:58 – What exactly does an executor do? 9:12 – How to find an executor 9:48 – First steps if you don’t currently have a will 10:55 – The most difficult part of settling an estate: family dynamics 12:27 – Power of attorney 101 17:16 – What Sara finds rewarding about working in this field
This episode, we look at what we can expect for the economy in Canada and internationally. Scotiabank’s Chief Economist Jean-François Perrault is our guest and he breaks down his latest global outlook report, and what he forecasts for growth, inflation and interest rates. Check out the full global outlook report here.
Key moments this episode: 1:10 - Brief summary of global outlook report forecast 2:44 - Projection for Canada’s economic growth 4:00 – Why there are murmurings of a recession despite growth 5:06 – What inflation might look like in Canada for the next few years 6:57 – What should Canadians make of this good news/bad news economy? 8:42 – Forecast for Canadian interest rates for the remainder of 2022 10:21 – What impact have interest rate increases had on the housing market? 12:12 – Summary of the outlook and what Canadians can expect as we head into the summer
This episode, we answer some of Canadians’ top trending Google search questions about inflation. Olena Ivus, Associate Professor of Business Economics at the Smith School of Business at Queen’s University, is our guest.
Key moments this episode: 1:30 – What is inflation? 2:41 – Why do prices increase over time? 3:17 – What is the inflation rate and what does it mean? 4:02 – How a menu can tell you the inflation rate 4:45 – What is the perfect inflation rate? 5:17 – Why does there need to be any inflation at all? 6:21 – How expectations can drive the interest rate 7:41 – What can the government do to try and reduce the rate? 8:05 – How does increasing interest rates slow inflation? 9:06 – How does inflation affect personal finance planning? 10:29 – 30 second summary
Behavioural science is all about understanding what influences our decision-making and using that to predict or change how we might act. Our guest this episode is Michael Tracey, Director of Behavioural Science in Global Compliance at Scotiabank. He’ll explain this fascinating field and how it can modify the way we take risks in any team or workplace.
Pay off debt? Save? Invest? Splurge? Kingsley Chak, Senior Vice President, Deposits, Savings and Investments at Scotiabank tells us what can you do to make the most of your tax refund or any financial windfall.
Learn more about how best to spend your tax return on Advice+.
To celebrate Scotiabank’s 190th anniversary, we get the chance to dig into the archives. Christina Dinadis, Scotiabank’s Senior Manager of Archives and Corporate Records, and Debbie Keffer, the Manager of Scotiabank’s Corporate History program, guide us through their favourite objects in the collection and what they say about the Bank’s past and future.
Additional links: See photos of the items we mentioned in this episode (and some we didn’t) here. Our story on the evolution of the Scotiabank logo over the last 190 years.
Scotiabank’s Chief Economist and Scotia Wealth Management's Chief Investment Officer discuss the impact of the Bank of Canada’s latest move
Scotiabank’s Director of Economic and Fiscal Policy breaks down the federal government’s spending plan (and what was left out)
This bonus episode of Perspectives is presented in French. Marc Desormeaux, économiste principal à la Banque Scotia , discute avec l’animateur Stephen Meurice du budget du Québec ainsi que du montant de 500 $ offert par le gouvernement à la majorité des Québécois afin d’atténuer les impacts de l’inflation.
We've invited back our favourite pair of resident real estate experts to tell us what the housing market looks like as we head into the busiest season for home sales.
Additional resources: Report of the Ontario Housing Affordability Task Force
March is Fraud Prevention Month, so this episode Tammy McKinnon, the Senior Vice President of Fraud Management at Scotiabank, explains how current trends are affecting Canadians and the best ways to stay vigilant and protect ourselves from falling victim to scams.
More resources: Scotiabank security centre Scotiabank common scams page
Scotia Wealth Management’s Chief Investment Officer Andy Nasr breaks down the escalating conflict’s impact on global markets and what investors need to keep in mind during this turbulent time Scotiabank stands in solidarity with the people of Ukraine and is committed to helping support those impacted by this humanitarian crisis. Click here to learn how you can help support relief efforts.
Special episode: The Bank of Canada has raised its key interest rate by a quarter percentage point, after holding off on a hike in January. Scotiabank’s Chief Economist returns to explain why it is raising rates now and how inflation and Russia’s invasion of Ukraine factors into its decision.
The issue of diversity in hockey is a big one. And with February being Black History Month, we’re approaching this episode from the perspective of a former NHL player who is currently working to change the game. Mark Fraser is Player Development Lead for Equity, Diversity & Inclusion for the Toronto Maple Leafs. He joins us to talk about his role with the Leafs, the changes he’s seen so far and the work that still needs to be done.
Bonus episode: The Bank of Canada announced this week it would not be raising its key interest rate for the time being. This surprised quite a few people, including Scotiabank’s Chief Economist Jean-François Perrault, who last episode forecast an interest rate increase starting this week. So we've invited JF back, this time to help explain the Bank’s decision and to tell us what it means for the economy and for Canadians.
Bonus episode: Scotiabank’s Chief Economist Jean-François Perrault breaks down his new report on inflation and why interest rates in Canada are set to go higher, and faster, than thought.
The future of recruitment may eventually rely on data and analytics to gauge job candidates’ potential, rather than a list of experiences and accomplishments. The co-founder and CEO of Plum, an AI-powered talent assessment platform, and Scotiabank’s Vice President of Global Talent Acquisition, discuss how the determinants of success on the job are innate talents, not necessarily where and what a person studied, and how this is increasingly shaping hiring practices, including at the Bank.
Bruce Sellery, CEO of Credit Canada Debt Solutions, business journalist, and TV host, provides services that help Canadians manage their financial debt and plan for the future. As we start a new year, the financial “guru” explains how the pandemic should change the way we approach managing our finances in 2022.
Canadian hockey legend Cassie Campbell-Pascall and Scotiabank’s director of hockey sponsorship Lisa Ferkul weigh in on the importance of making Canada’s national sport more diverse and inclusive and how COVID-19 has hampered efforts to elevate women’s hockey.
Marc Desormeaux, économiste principal à la Banque Scotia et auteur d'un récent rapport sur l’économie dynamique du Québec, se joint à l'animateur Stephen Meurice pour parler de son rapport, de la récente mise à jour économique du gouvernement du Québec et de ce qui explique cette poussée de croissance historique.
David Dame, Director of Accessibility at Microsoft, talks about how technology has helped him to navigate a world not built with his cerebral palsy in mind, and how he leveraged it to build a successful career. Ahead of the International Day of Persons with Disabilities on Dec. 3, the former Scotiabank executive also talks about how COVID-19 impacted the way we live and accelerated a digital transformation that has made things better for those with disabilities.
Scotiabank’s housing economist and the Bank’s Head of Real Estate Secured Lending discuss what’s happening in Canada's real estate market right now.
Scotiabank’s Chief Economist Jean-François Perrault breaks down what another Liberal minority government means for housing affordability, economic growth and more.
In the final episode of Pandenomics, Scotiabank’s Senior Vice President, Small Business and CFIB’s president Dan Kelly join Perspectives editor Stephen Meurice to discuss why the journey toward economic recovery has just begun for small businesses and how Canadians can support them as they navigate loosened COVID-19 restrictions.
Scotiabank’s Vice President of Operating Practices Ahmad Dajani, who also serves as the Bank’s Seniors’ Champion, discusses how the pandemic has impacted seniors’ social and financial lives, and how organizations can help mitigate these issues.
As more do their banking digitally, particularly over the last year, making sure the technology is not only efficient but also accessible for all is important, says Scotiabank’s Chief Digital Officer Shawn Rose.
Scotiabank’s Chief Financial Officer Raj Viswanathan offers his perspective on the trajectory and shape of Canada’s economic recovery.
Scotiabank’s Head of Real Estate Secured Lending John Webster and economist Farah Omran discuss what is fuelling the homebuying frenzy across the country — including a supply shortage and ultra-low interest rates — and why it’s unlikely to cool down anytime soon.
Scotiabank’s President and Group Head of Corporate & Investment Banking James Neate discusses how Chile, Colombia, Mexico and Peru have handled the crisis and why a commodities boom is fuelling the Pacific Alliance region’s economic recovery.
Scotiabank’s Chief Human Resources Officer Barb Mason talks about her career journey, how women still carry a heavy workload at home and how distributing household responsibilities between family members more evenly is crucial for women’s advancement.
Scotiabank’s EVP of Financial Crimes Risk Management and Group Chief Anti-Money Laundering Officer talks about how cyberfraudsters and other criminals are taking advantage of the crisis and how the Bank and various institutions are teaming up to fight back.
The retail sector could see a pick-up in activity in a post-vaccine world, but COVID-19 may have shifted consumers’ shopping patterns for good, says Scotiabank's retail analyst Patricia Baker.
Scotiabank’s Chief Risk Officer Daniel Moore talks about what it means to be “Chief Worry Officer” for the Bank, a role ever more important during the pandemic, and what he sees coming down the road.
After an incredibly difficult 2020, the economic outlook for 2021 is brighter, with a new US government ahead and stimulus in bank accounts pointing to a rebound, provided the vaccine rollout and other health measures bring COVID-19 under control.
As COVID cases surge and many restrictions on various types of economic activity are reimposed, stock markets are seeing an upswing as well. Scotiabank’s Vice-President and Head of Capital Markets Economics Derek Holt explains why the markets aren’t reflecting what’s happening with the virus and the main street economy.
The votes are (almost) in and the US President-Elect is Joe Biden. Scotiabank’s Chief Economist Jean-François Perrault examines the outlook for Canada’s biggest trading partner under Biden and the possible benefits, and drawbacks, for our economy.
With immigration slowing, many Canadians working from home and retail increasingly shifting online, what does that mean for condos, office towers and Main Street shops? Scotiabank’s Senior Economist Marc Desormeaux returns to continue the conversation about COVID-19’s impact on real estate.
Home sales activity and house prices are surging across the country, and not just in Canada’s biggest cities, despite the pandemic. We speak to Scotiabank Senior Economist Marc Desormeaux about what is driving real estate demand, whether remote work is sparking a flight to the suburbs, and how long this upward trajectory could last.
Businesses in Canada that rely on in-person customers are among the most impacted by COVID-19 related restrictions, which were eased over the summer but are now being re-introduced in several provinces as the weather cools. Scotiabank's Director of Economic Forecasting Nikita Perevalov discusses how hospitality and retail sector businesses are among those taking the biggest hit, while spending on home entertainment and digital services are at higher levels than last year. As well, he adds, the number of Canadian businesses closing up shop for good in an average month is much higher than pre-pandemic, but new businesses continue to launch despite the difficult economic climate.
Canada's latest job numbers for September were relatively strong, with 378,000 jobs created and the unemployment rate now down to 9%. However, the sectors that showed some recovery are now about to be hit again by reimposed restrictions as several provinces face a second wave of COVID-19. Scotiabank's Director of Economic and Fiscal Policy Rebekah Young breaks down the latest jobs numbers and how they compare to pre-pandemic levels, and examines how employment for women, young people and new Canadians is faring.
Canada is seeing a new surge in COVID-19 cases, especially in Quebec and Ontario, that's leading to renewed restrictions on some kinds of economic activity. Canadians are doing their best to keep their families healthy while dealing with all kinds of financial challenges, with sectors such as hospitality hit hardest. While the latest GDP numbers from July showed some renewed strength, the months ahead will likely be more challenging. Scotiabank's Chief Economist Jean-François Perrault breaks down the pandemic's impact on Canada and its economy, how the federal government has reacted and what the coming months have in store.