Perspectives

• What the Bank of Canada’s rate hold might tell us about 2026

  The Bank of Canada has held its key policy interest rate at 2.25% after two consecutive cuts.   The central bank’s decision was widely expected and comes as the Canadian economy remains resilient despite tariffs on certain sectors, such as steel and aluminum, and ongoing trade uncertainty.   Scotiabank’s Chief Economist Jean-François Perrault is back on the podcast to break down the latest rate decision, why the economy has remained relatively strong, his outlook for rate decisions in 2026, and much more.   For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:02 – What’s the main takeaway from the Bank of Canada’s decision?  1:27 – What’s going on in the economy that led the central bank to hold the rate steady at 2.25%?  3:58 – Can you help explain why the Canadian economy has remained resilient, despite the events of the last eight months or so?  7:05 – JF’s outlook for 2026  8:45 – How does JF see inflation progressing over the next few months, given government spending and fiscal policy over the next year. What impact could that have?  12:39 – Will food and housing continue to contribute to driving up the cost of living?  14:40 – JF explains why interest rates may rise again in the second half of 2026  17:20 – What impact does the Bank of Canada’s decision to hold now have on Canadians? With a potential rate increase in six months, what does that mean for those looking to buy big-ticket items?  19:22 – What impact does this decision have for businesses?  19:44 – What impact does the U.S. Federal Reserve’s rate decision have on Canada?  22:00 – What are the main takeaways for Canadians from today’s decision? 23:10 – Co-host Armina Ligaya joins us for a big announcement about the Perspectives podcast

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• How charitable giving fits into financial planning

  In this episode, we walk through the ins and outs of modern-day philanthropy with Jacqui Allard, the Group Head of Global Wealth Management and co-executive sponsor of Scotiabank’s Employee Giving Campaign. She has tips on how to simplify and maximize donations, how to figure out where to give, how giving can factor into estate planning at any level and more.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:14 – The role charitable giving has played in Jacqui’s life and the three pillars that are important to her when it comes to philanthropy  2:53 – What Jacqui would say to someone who might say, ‘I’m not wealthy, how can I think about giving?’  3:32 – Why it’s important to give  4:03 – How people should decide where to give their money or time  4:57 – Tips of making regular giving easier  6:55 – How philanthropy can play into overall wealth planning  8:57 – The role charitable giving can factor into estate planning  9:37 – Jacqui tells us about the Scotiabank Employee Giving campaign  11:28 – The key takeaway from this discussion

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• Looking back on a ‘historic’ first year: Cedar Leaf Capital hits a milestone

  Canada’s first Indigenous-led, Indigenous-owned investment dealer, Cedar Leaf Capital, just celebrated its one-year anniversary. So, Cedar Leaf’s CEO Clint Davis joins us to walk us through the ups and downs of the first year, the state of Indigenous economic reconciliation, what role organizations like Cedar Leaf play in that process, what the next year might hold and more.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  2:04 – What is Cedar Leaf Capital?  3:43 – How Cedar Leaf Capital came about and what made it historic  5:14 – What exactly is an investment dealer?  6:42 – Clint breaks down year one of Cedar Leaf  9:58 – Clints tells us about Cedar Leaf’s historic all-Indigenous trading desk and what that represents  12:46 – What Prime Minister Carney’s latest nation-building projects represent for organizations like Cedar Leaf and for Indigenous economic reconciliation in general  21:40 – What lessons and challenges has Cedar Leaf faced in the first year?  23:14 – Clint’s goals for the second year of Cedar Leaf Capital

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• So, what exactly is a will?

  In this episode Rob McGavin, the Managing Director at Scotiatrust, gives us a primer on wills. We’ll cover the basics from exactly what a will is, why you need one and where to get it. Also, we’ll go a little deeper and explore what roles you might need to assign and who can best fill them, how often to update a will, how to avoid common family conflicts and more.  Estate planning is a very personal and complex area, with many nuances and provincial differences. This podcast is intended to address/cover high level matters, not present a comprehensive overview. Everyone’s situation is unique, so it’s important to engage your personal advisors to ensure that all aspects have been fully canvassed before making or changing any part of your estate plan.  For more on estate planning, check out our previous episode with Rob McGavin: So, what exactly is a power of attorney?  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:42 – Starting with some definitions – what is a will?  2:09 – What is a power of attorney?  3:22 – Why would someone need a will?  4:06 – How many Canadians have a will?  4:54 – When should people think about getting a will?  6:17 – Common reasons why people don’t get a will  7:31 – What are the roles that need to be assigned when making a will?  9:21 – What exactly is an executor and what do they do?  10:55 – How to choose an executor  12:17 – What about hiring a trustee?   13:48 – Other roles that need to be appointed when it comes to a will  15:29 – Why making your wishes clear in a will is important  19:40 – Why you shouldn't assume that when you die your money will go to your spouse automatically  20:53 – Where should someone start when it comes to making a will?  22:22 – How often should you update a will?  23:40 – Why a will is just one part of estate planning   25:10 – Breaking down how taxes work when it comes to estates  27:00 – Why communication is key when it comes to estate planning  28:01 – What is the Code of Conduct for the Delivery of  Banking Services to Seniors?  29:10 – The key takeaway when it comes to wills and estate planning

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• How is AI reshaping the global economy?

  In this episode, we dive into a recent Scotiabank report that unpacks how artificial intelligence might affect markets and the economy. Co-authors Rebekah Young, Vice President and Head of Inclusion and Resilience Economics at Scotiabank, and Walid Khalid, the Director of Investment Strategy at Scotia Wealth Management, walk us through the impact AI might have on jobs and productivity, whether there’s an ‘AI bubble,’ how investors should get their head around all of this and more.  For more, read the highlights of the report or the full report here: Macro, Markets, and Machines: The Economic and Market Transformation Driven by AI  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  1:34 – Rebekah summarizes what her and her co-authors were trying to accomplish with this recent paper  3:42 – How Walid looked at AI using an investing lens   7:01 – How does the emergence and rapid development of AI technology compare to previous technological revolutions?  8:41 – Is AI technology already helping productivity?   13:55 – What about the concern around AI replacing jobs? Is there any merit to that?  17:32 – What are the economic impacts that are already being felt from the increased adoption of AI?  21:09 – Some numbers around the potential impact AI may have on productivity  22:50 – Are we in an ‘AI bubble’? How does this compare with the ‘dot-com bubble’?   30:39 – Summarizing the key takeaways from the report

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