Episodes
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Scotiabank Senior Economist Farah Omran is back this episode to give us her take on the state of the Canadian housing market. She'll break down the latest numbers, explain the high stakes and “suspense” she’s seeing, tell us what might play out in the next six months and much more.
Key moments this episode:
1:10 – Farah catches us up on the market since her last podcast appearance in the fall
2:41 – What Farah means when she says “stakes are high”
3:42 – The mystery behind why we’re seeing a relatively slow spring real estate season
5:38 – Are there any markets that are especially hot in Canada?
6:45 – Are people waiting for rate cuts before entering the market?
8:12 – How the housing market impacts the interest rate outlook and vice-versa
10:02 – An update on housing shortages and what governments (including the recent federal budget) are doing
15:18 – Digging into the psychology around the housing market
17:03 – Farah breaks out her non-existent crystal ball: what might the next six months look like? -
This episode is a handy primer for anyone looking to get started in investing, or even those looking to refresh their knowledge. Our guest Craig Maddock, Vice President and Senior Portfolio Manager with Scotia Global Asset Management, breaks it all down in plain language. Everything from GICs, to stocks and bonds, to ETFs and mutual funds. It even addresses some common misconceptions and provides some questions to ask yourself before you visit an advisor.
Key moments this episode:
1:30 – What is the difference between investing and saving?
2:49 – Why are people intimidated by investing when they first start out?
5:17 – The most common misconception people have about investing (and how to avoid it)
6:47 – What should someone ask themselves before they see an advisor?
9:56 – How does time horizon factor into investing?
11:17 – What is a GIC?
13:44 – What are stocks and bonds?
20:56 – How is investing more than just ‘gambling’?
23:18 – What are mutual funds? How are they different from ETFs?
30:09 – How is investing like fixing your car?
32:16 – Some final advice for someone who is just getting started investing -
Missing episodes?
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Talking about money with loved ones can be difficult. So in order to make those tricky conversations a little easier, a new project has broken down how we relate to money into six different Money Styles. Think love languages, but for finances. Tanya Eisener, the Senior Vice President of Retail Customer Value at Scotiabank, and Adam Palanica, the Senior Manager of Global HR insights and People Analytics at Scotiabank, are our guests this episode. They tell us how this tool works, why it’s needed and how you can use it to get a better handle on the emotions around money.
To take the quiz and find your Money Style, check out the Money Style by Scotia Advice+ page.
Key moments this episode:
1:47 — So what is a Money Style?
2:14 — How did behavioural science inform the creation of Money Style?
2:53 — Why is money so difficult to talk about?
4:29 — Getting to the root of the feelings around money
5:13 — How does the Money Style quiz help make money conversations easier?
6:23 — Why taking the stress out of financial conversations is especially important now
7:17 — Some fascinating numbers around money and relationships
7:46 — Breaking down the six Money Styles
10:11 — How to interpret the quiz results
11:24 — What to do once you’ve figured out your Money Style
12:07 — How long does the quiz take?
12:37 — One final behavioural science tip to help your relationship with money
12:46 — Tanya’s takeaways around what she’s learned about our sometimes thorny relationship with money -
Getting into the housing market these days can be daunting. So, this episode we’re answering all the questions you may have had about mortgages and real estate but were too afraid to ask. Our guest is Tracy Gomes, Senior Vice President of Real Estate Secured Lending at Scotiabank. Tracy will define some key terms, give us a primer on how to pick between a fixed and variable interest rate mortgage, how much you might expect to pay for a down payment and more.
Key moments this episode:
1:32 — What’s the big question or concern that Tracy hears the most from people looking to get into the market?
2:30 — What’s the first thing someone should be thinking about if they’re looking to buy a home for the first time?
4:12 — What do you need to qualify for a mortgage?
4:33 — The 4 Cs lenders are always looking at when processing a mortgage application
5:27 — What is the minimum down payment needed in Canada?
6:07 — Does the size of a down payment have an impact on the interest rate of a mortgage?
6:36 — Breaking down the different types of insurance when it comes to mortgages
8:34 — The role of ‘the bank of mom and dad’
9:18 — Is it possible to buy a home without a down payment?
9:25 — Options available for first-time buyers to save for a down payment
10:07 — What is a stress test?
11:35 — What other costs are associated with buying a house?
13:07 — How do real estate agents get paid?
13:46 — If you’re already in the market, should you sell before you buy or buy before you sell?
15:20 — Mortgages 101
17:10 — The most common mortgage question: what is the difference between fixed and variable rate mortgages?
19:45 — Some quick mortgage definitions: term and amortization
21:39 — How Scotiabank’s adjustable-rate mortgage works
22:37 — Recap of variable vs fixed rate
25:03 — Some tips on paying off a mortgage faster
27:40 — What’s the final thing Tracy thinks people should know about buying a home -
The Liberal government has laid out its 2024 Federal Budget, with new spending focused on issues such as housing, defence, and childcare, with new tax measures to help offset the cost.
Rebekah Young, Scotiabank Economist and Head of Inclusion and Resilience Economics, joins us to break down the key takeaways Canadians need to know about the federal government’s spending plan, what is missing from the budget, and the impact it is likely to have on the broader economy and inflation.
Read Rebekah’s full report: Canada’s 2024 Federal Budget.
Key moments this episode:
1:21 — A look at overall spending and key items
3:19 — Key buckets of spending important for Canadians
5:41 — Tax measures and other ways the federal government plans to pay for this new spending
8:23 — A primer on capital gains
10:24 — What impact these tax measures will have on productivity
11:56 — What's the economic impact of this budget, near term and long term? What does it mean for housing and inflation in Canada?
15:37 — The main thing Rebekah is taking away -
The Bank of Canada held its benchmark interest rate steady at 5% for the sixth consecutive time, as expected. Even though inflation and other indicators are heading in the right direction, Governor Tiff Macklem said the central bank needed to see this pattern for longer to be assured it is “not just a temporary dip.”
Scotiabank’s Chief Economist Jean-François Perrault is back to discuss the Bank of Canada’s latest decision, why he believes a rate cut in September is more likely than in June, and his thoughts on next week’s federal budget and the impact it could have on inflation.
For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.
1:06 — What can we take away from the Bank of Canada’s latest decision?
2:26 — The big question: When will rates finally come down?
4:00 — So, could we see a rate cut this summer?
4:50 — What would we need to see in terms of indicators for a June or July rate cut decision?
6:33 — What is happening in Canada’s housing market and what does it mean for inflation?
8:20 — Where do we stand on geopolitical risks when it comes to inflation?
9:15 — What about a weak loonie compared to the U.S. dollar? Is that a factor that could impact inflation?
10:45 — How do higher-than-expected U.S. inflation numbers complicate things when it comes to rate cuts?
12:23 — What risk does Canada’s low productivity pose?
13:31 — The Bank of Canada made a slight increase to its nominal neutral interest rate. What is that and why is that important?
16:27 — Is there anything else we can learn from the latest Bank of Canada Monetary Policy Report?
17:28 — What can we expect from the Federal Budget next week and how might that impact inflation and the Bank of Canada’s future decisions?
19:52 — The top three takeaways for Canadians from the latest Bank of Canada decision 1:06 — What can we take away from the Bank of Canada’s latest decision?
2:26 — The big question: When will rates finally come down?
4:00 — So, could we see a rate cut this summer?
4:50 — What would we need to see in terms of indicators for a June or July rate cut decision?
6:33 — What is happening in Canada’s housing market and what does it mean for inflation?
8:20 — Where do we stand on geopolitical risks when it comes to inflation?
9:15 — What about a weak loonie compared to the U.S. dollar? Is that a factor that could impact inflation?
10:45 — How do higher-than-expected U.S. inflation numbers complicate things when it comes to rate cuts?
12:23 — What risk does Canada’s low productivity pose?
13:31 — The Bank of Canada made a slight increase to its nominal neutral interest rate. What is that and why is that important?
16:27 — Is there anything else we can learn from the latest Bank of Canada Monetary Policy Report?
17:28 — What can we expect from the Federal Budget next week and how might that impact inflation and the Bank of Canada’s future decisions?
19:52 — The top three takeaways for Canadians from the latest Bank of Canada decision
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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 -
This week we’re re-airing an episode that originally came out in June, but the topic is more relevant than ever.
The interview you’ll hear is part of our Leadership Series, where we hand the mic to leaders at Scotiabank to interview experts on an issue that resonates with them. You'll hear a conversation 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
Challenging the narrative around women and farming
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 -
With life expectancy on the rise, people’s retirement years could soon be longer than their working years. So, how will that affect how you save? Our guest this episode is the Chief Investment Officer of Global Wealth Management at Scotiabank, Andy Nasr. He’ll tell us what those years might look like, give us some tips for saving at any age, and explain why living longer may change the conventional thinking around how we invest for retirement.
Key moments this episode:
0:05 — What does a 10-year-old used car teach us about the secret to saving for retirement?
2:00 — Some numbers and context around how much longer people are living these days?
4:15 — What effect longevity might have on public policy
5:27 — An eye-opening stat about how long the next generation could live for
6:24 — When should people start thinking about saving for retirement?
9:19 — Saving money can be challenging.What advice does Andy give to his clients?
10:32 — What exactly does a financial plan consist of?
15:15 — Why some people might think they have a financial plan, but actually might not
16:46 — A financial plan isn’t just about the money
17:05 — Does this issue of longevity change the traditional 60/40 approach to retirement saving?
20:00 — The issue that Andy worries about all the time when it comes to retirement
21:46 — What is Andy’s secret to saving for retirement? -
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 -
Something a little extra in your feed this week: a conversation recorded at a live event with the Chief Investment Officer of Global Wealth Management at Scotiabank (and Perspectives regular) Andy Nasr. Andy gives his take on the current state of the economy, interest rates, inflation, geopolitical events, and all the ways those factors are affecting stock markets and investing looking ahead towards the rest of 2024.
Key moments this episode:
2:00 — It’s been a roller coaster of sometimes seemingly conflicting economic news and headlines lately. What should people make of that?
6:30 — Has the Bank of Canada been able to ‘thread the needle’ with rates?
9:00 — What might happen to the global economy if interest rates remain elevated
9:40 — Why household finances are becoming a little more strained in Canada
11:48 — What is the impact of current interest rates on markets right now?
11:42 — Andy puts on his prediction hat: Where might GDP be headed in Canada?
17:05 — How ongoing geopolitical issues could affect economies and markets
18:12 — How the upcoming U.S. election could affect the Canadian economy
20:12 — What might play out in 2026 with the re-negotiation of CUSMA [Canada-United States-Mexico Agreement]
21:38 — A ‘hot take’ on labour markets
25:25 — What explains the discrepancy between U.S. markets and Canadian market growth in the last year?
27:02 — What role does the ‘Magnificent 7’ play in U.S. markets?
31:31 — What Andy looks at when it comes to geography in investing
35:30 — What impact have interest rates in the last year had on corporate debt?
37:45 — What kind of impact will the Chinese economy have on markets?
39:35 — What kind of opportunities does nearshoring bring to North America?
41:33 — Andy’s take on expectations for equities earnings growth over the next year
43:22 — What about the fixed income side when it comes to portfolio construction?
46:17 — What about the 60/40 equities/fixed income rule of thumb? Is that a dated trope when it comes to investing?
48:28 — Question from the audience: Where does Andy see real estate prices landing in the next two years?
49:51 — Question from the audience: Where might the Canadian Dollar go in the near future? -
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. You'll hear a conversation between Janice Holzscherer, Managing Director and Head of Agriculture at Scotiabank and Cherilyn Jolly-Nagel, farmer, speaker, advocate and Scotiabank Women Initiative participant. Recorded on location at Cherilyn’s farm in Saskatchewan, the two discuss the misconceptions around the role of women in agriculture, the need for all modern farmers to get their stories out to the public and more.
Other episodes of the Leadership Series:
A conversation with the woman behind Orange Shirt Day, Phyllis Webstad
The ethics of AI and Data
The power of allyship in the workplace
Key moments this episode:
2:21 — Cherilyn tells us a bit about the history behind her farm
3:03 — Why Cherilyn didn’t always want to be a farmer and what changed her mind
5:18 — How Cherilyn came to be an advocate for farmers
6:11 — What unique perspective does Cherilyn bring to the table as an advocate?
9:05 — Why bringing diverse perspectives and voices to the table is important and how far agriculture has come
10:59 — Why Cherilyn hates getting asked about ‘women in agriculture’
14:34 — The lesson Janice got from her daughter about hearing other women’s experiences
17:12 — A story about a media appearance that surprised Cherilyn, inspired a unique gift from her mom and taught her a lesson about women in farming
21:00 — Why Cherilyn now focuses her energy on talking to non-farmers
22:54 — Why there is a disconnect between how the public perceives farmers and what farmers really do, and how to potentially bridge that gap
25:38 — Why farmers suddenly have a new job: PR
27:02 — What is the one thing Cherylin is the most proud of? -
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 -
Canada’s productivity is declining and has been lagging for some time. A country’s productivity is an economic measure that boils down to how much stuff is produced by each working person. And according to our guest, Scotiabank’s Chief Economist Jean-François Perrault, it’s the most important economic variable we have. And declining productivity can have big implications for everyday Canadians. This episode, we have a crash course on productivity. We'll learn exactly what it is, how it’s calculated, where Canada stands and why finding a solution to declining productivity is so difficult.
Key moments this episode:
1:33 — The basic definition of what productivity is
2:09 — How is it measured? (And why is it so complex?)
4:19 — Why productivity is “the most important economic variable we have”
5:59 — Why increasing productivity equates to increasing standard of living
7:00 — How Canada’s productivity has looked historically
8:21 — The mystery behind why Canada lags behind in productivity
12:15 — What the long-term impact of declining productivity could be on Canadians
14:08 — The big question: how do you solve the problem when you aren’t sure what the cause is?
18:03 — Why productivity is the “number one public policy issue” in Canada -
Critical minerals are used in the manufacturing of just about all modern technology — including things like solar panels and EV batteries that are key to the global energy transition. But according to our guest, Rebekah Young, the world doesn't currently have enough of these minerals and what we do have is concentrated in just a handful of countries. Rebekah is the Head of Inclusion and Resilience Economics at Scotiabank and recently wrote a report all about this shortage. She’ll give us a critical minerals 101 lesson and outline the challenges Canada and the world will face to meet this new demand.
Key moments this episode:
1:27 — Let’s start with the basics: what are critical minerals?
2:24 — What are critical minerals used for?
3:33 — An eye-opening fact about how many more critical minerals are used to produce an EV compared to a traditional combustion engine vehicle
3:48 — Just how critical critical minerals are when it comes to hitting net zero targets
4:48 — What exactly does it take to get critical minerals out of the ground and into products we use?
6:06 — What kind of critical mineral deposits does Canada have?
7:54 — What is the current demand for critical minerals and what will that look like in the coming years?
11:11 — Why nearshoring may be a solution to Canada’s critical mineral needs in the future
14:26 — The key takeaway for the average Canadian on this issue -
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? -
The Bank of Canada’s decision to hold its key interest rate — for the fourth consecutive time — was no surprise. However, this time the central bank signalled that the discussion going forward won’t be about how high its key rate should go, but how long it will stay at 5%.
Scotiabank’s Chief Economist Jean-François Perrault is back to break down the Bank of Canada’s latest decision and what factored into it, why inflation remains stubborn, when rate cuts could begin, and the risk factors that could push that timing back.
For an up-to-date breakdown of the Bank of Canada's key interest rate and its change over time alongside inflation numbers, visit our interest rate page.
Key moments this episode:
1:24 — Why this announcement is a bit like Groundhog Day
2:02 — The latest BoC decision wasn’t a surprise, but what’s the big takeaway?
2:40 — What did BoC Governor Tiff Macklem say that signals there may be a cut before too long?
3:21 — How did the December inflation numbers factor into the Bank of Canada’s decision?
4:50 — Why has inflation been so stubborn?
6:11 — Are geopolitical factors like the attacks in the Red Sea playing into inflation?
7:44 — Is a potential surge in housing demand putting pressure on inflation?
9:12 — What other factors might the BoC be watching to make their next decision?
10:10 — Later this month we get the latest GDP numbers, what might those look like and how may they affect the BoC’s next decision?
11:13 — Are we out of the woods in terms of recession risk?
12:26 — The US economy has been doing very well, how does that factor into the performance of our economy and this latest decision?
13:15 — Why is US inflation coming down faster?
14:02 — Will the Fed’s upcoming decision have an impact on what the BoC does?
14:40 — Is June still when interest rates are expected to come down?
15:22 — What should a mortgage holder or would-be home buyer be taking away from this?
16:12 — Three big takeaways for Canadians from this latest decision -
Markets have been doing pretty well lately, but what's in store for 2024? Hugo Ste-Marie is our guest. He is the Director of Portfolio and Quantitative Strategy in Equity Research at Scotiabank and he provides advice to global institutional investors, but his insights will be of interest to investors of all kinds. This episode he'll tell us what the markets might look like in the year ahead, where there may be some opportunities, what a ‘perfect soft landing’ is — and whether we may see one — and much more.
Key moments this episode:
00:57 — Some context around Hugo’s insights
1:30 — The big conclusions about where the economy is potentially headed in 2024
3:16 — Why the US Federal Reserve is a focal point when looking at the global economy
1:45 — Recap around what the Canadian and US economies looked like at the end of 2023
6:22 — Why 2023 ended with some optimism
7:08 — What is a ‘perfect soft landing’?
9:35 — What are the prospects for volatility in 2024?
10:30 — Where are there some potential opportunities as we look ahead at the year?
12:00 — What are small cap vs large cap equities and how to best leverage them
14:42 — Are there places geographically that show a more positive outlook?
15:32 — Hugo sums up his take on 2024 -
If your resolution is to get a handle on your money, this year might be a little more challenging for some people. Lucky for us, personal finance expert Bruce Sellery is back this episode. He’s the CEO at Credit Canada Debt Solutions and host of Moolala, the weekly personal finance radio show on SiriusXM. He has some concrete tips for managing your money in a year with continued high-interest rates, high inflation and a looming threat of recession.
For more financial advice visit Scotiabank’s Advice+ Centre.
Key moments this episode:
2:05 — Why people are looking at their finances a little differently in 2024
3:03 — A shocking stat that illustrates the need for help with personal finances
5:03 — "I can't afford my life!” — what Bruce is hearing from his clients
6:23 — The first thing Bruce has people consider about their finances heading into the new year
10:05 — The next thing people should think about: savings
11:01 — Bruce’s secret to saving money
11:33 — Two pitfalls around emergency funds
13:24 — The third thing to think about in order to get a handle on your finances: optimizing returns
14:34 — Bruce answers the question he gets all the time
15:20 — What Bruce is hearing around mortgage payments from clients and why it’s a shock for many
16:58 — Some tips on staying on top of your finances without thinking about money all the time
18:20 — Why Bruce thinks strict budgeting isn’t sustainable or effective
20:30 — Ending with wise words from one of the greatest philosophers: Bruce Sellery - Show more
