Perspectives

Scotiabank Perspectives

Each episode we help break down the important economic issues on Canadians’ 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

  1. 15/07

    Holding steady: Why did the Bank of Canada hit pause once again?

    With a slightly more positive but cautious tone, the Bank of Canada announced Wednesday that interest rates would stay put, marking its sixth consecutive hold.   As part of the decision announcement, Bank of Canada Governor Tiff Macklem outlined three key messages for the country’s population. First, after a rough start to the year economic growth looks to have resumed. Secondly, that inflation is poised to ease and, lastly, that uncertainty remains high.   Two uncertain factors the central bank will be monitoring closely are the Canada-US-Mexico Agreement (CUSMA) negotiations and how the war in Iran is impacting global oil prices.   "We've been looking through the direct effects of higher oil prices on inflation, but the longer they remain elevated, the bigger the risk they spill over to other goods and services," Macklem said.  To help break down what Canadians should make of the decision and expect in the coming months, Olivier Gervais, the Director of Modelling and Forecasting at Scotiabank joins the podcast.     For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures    Key moments this episode:  00:00:00 Introduction 00:01:46 Olivier's Bank of Canada Experience 00:03:02 Why the Bank Held Rates 00:05:13 Canadian Business Resilience 00:05:58 Iran Conflict and Oil Prices 00:07:11 CUSMA Renegotiation Outlook 00:08:15 What Employment Data Tells Us 00:09:29 Inflation and Grocery Prices 00:10:27 What Would Lower Inflation? 00:10:57 Canada's Housing Market 00:13:04 Mortgage Renewals 00:13:57 Rate Outlook for the Months Ahead 00:15:42 Looking Ahead to September 00:16:05 Key Takeaways for Canadians

  2. 25/06

    Oil producer, global prices: Why Canada is not isolated from energy shocks

    Oil prices have been moving again, and Canadians are feeling it at the pump. But while changes in gas prices are easy to spot, the forces behind them can be much harder to untangle.  In this episode, Jennifer Stevenson, Vice President and Portfolio Manager with Scotia Global Asset Management, explains what is driving oil and gas prices right now, why events far beyond Canada's borders can still shape what Canadians pay, and how refining, shipping routes, global demand, and geopolitical risk all feed into the price of fuel.  She also breaks down:  Why the Strait of Hormuz matters so much to global energy markets  Why Canada is not facing shortages, but is still exposed to global price swings  How refining capacity, transportation and financial markets affect prices at the pump  What could keep volatility elevated even if the immediate disruption eases  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures  Key moments this episode:  1:30 - Jennifer Stevenson’s background in oil and gas 2:04 - What’s happening with oil prices right now 2:44 - Why the Strait of Hormuz is so important to global energy markets 4:04 - Whether there are alternate routes for oil and gas supplies 5:03 - How a global energy disruption can affect prices at the pump 6:04 - Why Canada is not fully insulated from global oil prices 6:24 - Why producing oil does not automatically mean cheaper gasoline 7:38 - How higher oil prices can affect Canada as an energy exporter 8:47 - How quickly global events can show up in gas prices 9:54 - Why gas station margins are thinner than many people think 10:43 - How today’s gas prices compare historically 11:50 - Why demand for gasoline does not fall much when prices rise 13:22 - What could happen if the Strait of Hormuz disruption continues 14:48 - What reopening the Strait could mean for oil and gas prices 16:55 - Whether extremely high oil prices are possible 17:58 - How consumers and businesses can plan for price volatility 20:08 - What can be done to reduce vulnerability to oil price swings 21:20 - Main takeaways for Canadians from the current energy situation

  3. 10/06

    What's behind the Bank of Canada's fifth-consecutive rate hold?

    For the fifth time in a row, the Bank of Canada announced it would be keeping interest rates unchanged as many economists expected.   There are numerous economic factors the Bank of Canada says it’s monitoring before making any interest rate moves including the ongoing conflict in the Middle East, flat GDP numbers and trade talks between CUSMA countries.   When asked whether a cut or a hike to the 2.25% overnight rate is in the near future, Bank of Canada Governor Tiff Macklem said the situation is complex.   “If the United States imposes significant new trade restrictions on Canada, we may need to cut the policy rate further to support economic growth. Alternatively, if the conflict in the Middle East continues and higher energy prices start leading to ongoing generalized inflation, monetary policy will have more work to do — there may be a need for consecutive increases in the policy rate.”   Scotiabank’s Chief Economist Jean-François Perrault is back on the podcast to break down what’s going on with the economy, whether recession risks are overblown and what Canadians can expect in the coming months.

  4. 15/05

    Food inflation 101 – The rising cost of putting food on the table

    Food inflation is becoming harder to ignore, and it may still have further to run.  As geopolitical tensions push up energy prices, those pressures are beginning to move through the broader economy. If it persists, it could impact what Canadians pay for food.  Scotiabank’s Rebekah Young joins the podcast to break down why food inflation remains persistent, how global shocks are moving through supply chains, and why there are few quick solutions in the near term.  She also explains what this means for households, and why central banks may face more difficult decisions if these pressures continue.  Key moments this episode:  2:01 – What has caused food inflation since the pandemic 3:23 – Digging deeper into the economic factors behind food inflation 4:52 – How the current causes of food inflation differ compared to during the pandemic 8:10 – Which inputs are affected by the recent closure of the Strait of Hormuz 9:30 -  Understanding fertilizer types and how it affects farmers in Canada 10:43 – How the war in Iran is affecting consumers 13:50 – How the upcoming grocery benefit aims to help some Canadians deal with food inflation 16:38 - How rising commodity prices could benefit Canada as a global producer of oil, fertilizer and more 19:27 – How the Bank of Canada is reacting to food inflation 22:24 – What Canada can do to stabilize food prices and mitigate risk for the future

  5. 30/04

    Bank of Canada holds steady for fourth time in a row at 2.25%

    The Bank of Canada announced it would be keeping the overnight interest rate at 2.25% as uncertainty looms with the ongoing conflict in the Middle East and the renegotiation of the trade deal between Canada, the U.S. and Mexico.   Scotiabank’s Chief Economist Jean-François Perrault talked with us on April 29 to break down the complexities of the latest rate decision, the scenarios the central bank is weighing, what Canadians can expect in the coming months and any silver linings amid all the economic uncertainty.    1:36 – JF weighs in on why the Bank of Canada decided to hold 2:37 – With inflation on the rise, could a rate increase be in store? 5:45 – What happens if oil prices rise and CUSMA talks deteriorate? 8:17 – What impact will the removal of the fuel excise tax for Canadians have on inflation? 9:15 – JF on why he expects interest rate increases in the coming months, as early as July 10:48 – What would need to happen to avoid an interest rate increase in July? 13:19 – What impact could measures and spending in the federal government's Spring Economic Update have on the economy and inflation? 15:31 – JF on what it all means for Canada's housing market 21:00 – What this means for those renewing their mortgage soon 22:43 – Main takeaways for Canadians

  6. 21/04

    Gold 101: Why gold prices rise and what it really signals

    In this episode, we break down how gold functions in today’s financial system, from the different ways people invest in it to why it often gains attention during periods of inflation, volatility and uncertainty, with guest Robert Cohen, Vice President and Senior Portfolio Manager at Scotia Global Asset Management. He is co-Portfolio Manager of Scotia Resource Fund as well as Portfolio Manager for Scotia Global Asset Management’s Dynamic-branded funds – Dynamic Precious Metals Fund and Dynamic Active Global Gold ETF, to name a few. Robertjoins the podcast to explain what’s behind gold’s recent rise, why central banks around the world continue to increase their gold holdings, and how gold differs from other market assets. For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures   Views expressed regarding a particular company, security, industry or market sector are the views of the writer and should not be considered an indication of trading intent of any investment funds managed by 1832 Asset Management LP. These views should not be considered investment advice, nor should they be considered a recommendation to buy or sell. These views are subject to change at any time based upon markets and other conditions, and we disclaim any responsibility to update such views. Key moments this episode:   2:07 - Robert’s background and how he got into gold and mining  3:06 - What’s driving gold’s big rise right now?  5:35 – What is a fiat currency?  5:54 - Have we seen this kind of gold growth before?  7:24 - Why Canada has no gold reserves today  8:04 - Why other countries are still buying gold  9:45 - What makes gold a safe asset  10:46 - Why Canada matters in the global gold story  12:19 - How much gold Canada may still have left  13:54 - What the future of mining looks like in Canada  15:18 - What role gold plays in a diversified portfolio  16:33 - Where Robert thinks gold is headed next  17:56 - The biggest misconception people have about gold  19:08 - The main takeaway for Canadians watching gold right now

  7. 1/04

    What is economic productivity?

    For many, the word “productivity” evokes thoughts of completing a to-do list or running errands. But in economics, productivity refers to how efficiently a good or service is produced with inputs like labour or energy.  And Canada’s economic productivity has been stalling and it’s impacting our economy.  In this episode, Scotiabank’s Director of Forecasting Patrick Perrier joins us to break down Canada’s productivity problem, explain how it affects Canadians directly and much more.  For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures  Key moments this episode: 1:42 – What economists mean when talking about productivity3:02 – Why productivity should matter to Canadians6:30 – Canada’s productivity performance in recent years8:35 – What caused Canada’s poor productivity11:26 – Why productivity measures are volatile and hard to track12:48 – Is productivity about replacing workers or making them work harder?13:31 – How transformations like the Industrial Revolution and AI affect employment14:52 – Why is productivity especially important for Canada’s success today15:32 – How can countries like Canada improve productivity?17:29 – Is Canada on the right track with productivity?18:37 – Other countries that managed productivity well19:36 – Where to find productivity numbers reported20:04 – Patrick’s main takeaways on productivity

  8. 19/03

    Bank of Canada holds steady as oil-price surge raises inflation risks

    Once again, the Bank of Canada held the overnight interest rate at 2.25%, but signalled that higher oil prices due to the war in Iran will push up inflation in the near term.  Scotiabank’s Chief Economist Jean-François Perrault is back on the podcast to break down the latest rate decision, what it could mean for Canadians and what we could see in the second half of the year.   For legal disclosures, please visit ⁠http://bit.ly/socialdisclaim⁠ and ⁠www.gbm.scotiabank.com/disclosures⁠  Key moments this episode: 1:05 - JF walks us through the Bank of Canada's decision 2:23- JF paints a picture of Canada's economy and why it prompted the central bank to hold its key rate steady 5:18 - An overview of how the war in Iran affects the Canadian economy 9:22 - Unpacking how different provinces in Canada will be affected differently 11:33 - JF weighs in on when a policy rate change may be needed 15:06 - JF's outlook for interest rate decisions and why he still expects a rate hike in 2026 17:18 - A look at Canada's housing market and why you should consider renewing your mortgage soon 18:58 - JF's main takeaways for Canadians

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Sobre

Each episode we help break down the important economic issues on Canadians’ 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

Informação

  • Autoria
    Scotiabank Perspectives
  • Anos em atividade
    2020 - 2026
  • Episódios
    101
  • Classificação
    Para todos
  • Copyright
    © Scotiabank. All Rights Reserved.
  • Site do programa
    Perspectives

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