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
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20:06
Bank of Canada holds its key interest rate steady as inflation strengthens, economy weakens
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
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17:47
What is elder financial abuse?
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
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16:49
Investing Through the Ages, Part 2: Navigating retirement in an age of volatility
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
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24:12
The business strategy behind the PWHL’s success
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
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
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