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Smart Advice with Carissa Lucreziano

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Smart Advice with Carissa Lucreziano
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  • What’s next for Canada? Lisa Raitt on politics and the economy in the Carney era
    In this episode of Smart Advice, Carissa Lucreziano sits down with the Honourable Lisa Raitt, former federal cabinet minister and current Vice Chair of CIBC Capital Markets, to navigate the complex interplay of politics, economics, and markets. With insight shaped by decades of experience in government and now in the financial services sector, Lisa cuts through the noise to reflect on what matters most: Canada's sovereignty, strategy, and resilience in a rapidly changing global landscape.Be equipped with insights to make sense of volatility, understand the tools available to weather potential changes in US-Canada relations, and learn where smart money might be headed next. This episode is for every Canadian asking how to turn economic uncertainty into actionable opportunity.Here are three reasons why you should listen to this episode:Learn how political shifts, including Canada's new leadership, could reshape economic priorities at home and abroad.Understand the long-term implications of Donald Trump's return to the global stage and how Canada must prepare for potential changes in US-Canada relations.Gain clarity on growth opportunities in sectors like power generation, manufacturing, and national defence.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyThe Raitt StuffVisit CIBC for more Smart Advice, including a recent piece on ‘Navigating uncertainty and market volatility’Episode highlights[00:05] Are Canadians ready for future US-Canada relations?Lisa Raitt is introduced as a former cabinet minister in natural resources, labor, and transportation, now serving as Vice Chair at CIBC Capital Markets.Canadians today face rising global tensions, inflationary pressures, and heightened political transitions which are reshaping economic expectations and policies.Lisa shares her optimism over the clarity offered by Canada’s newly elected Prime Minister, Liberal leader Mark Carney, noting the stability—even in a minority government.The current US-Canada relations may shift with Prime Minister Carney’s approach, but Lisa warns against overconfidence.Trade negotiations require more than charisma—leaders must find practical ways to provide the U.S. with a political “win” while protecting Canadian interests.[02:24] The rise of economic nationalismLisa outlines how economic nationalism, especially in the US, has led to the weaponization of tariffs and elevated supply chain threats.Canada’s dependence on US trade is now seen as both a strength and a potential vulnerability—prompting calls for increased self-reliance.She advocates for doubling down on sectors where Canada already has a comparative advantage: energy, agriculture, mining, and forestry. [08:48] Lisa: “What has happened in the time of Trump is we realize that you can't continue on just accepting the United States growth as the growth that we're going to get; that we actually have to do some work ourselves” Government must play a dual role—advocating for global trade fairness while supporting long-term investment in domestic capacity and infrastructure. [09:31] Understanding Trump’s policy visionUnlike previous leaders, Trump’s economic policy direction is guided less by data and more by ideology, particularly focused on ‘Made in America’ mandates.Lisa emphasizes that traditional counter-arguments (e.g., logic, economic impact) often fall flat with the Trump administration.Trump is unapologetically focused on rebuilding American manufacturing—painful or not—for the long-term benefit of US jobs and industrial strength.Canadian leaders and citizens must stop assuming rational policy shifts or midterm electoral changes in the US will automatically solve trade tensions. [12:18] What’s driving American progress?Despite controversial rhetoric, some of Trump’s policies—bringing semiconductor production back, advancing nuclear energy—could deliver strategic benefit.The concern lies in whether these wins are drowned out by large-scale costs: fractured alliances, damaged supply chains, and fragile diplomacy.[13:42] Lisa: “When you're presented with a dog's breakfast of tons of different policies, some of them are going to be good. The question, though, is whether or not the overall policy direction is such that it kind of takes away all the wins because the losses are so massive.”Canada’s response needs to be realistic, grounded in its own capabilities and long-term values rather than reactive politics. [14:05] Canada: Not the 51st US StateLisa strongly believes in Canadian sovereignty, rejecting the suggestion that Canada could—or should—become the 51st US state.She suggests that the idea may stem from a desire for closer cooperation, but realizing that idea must not come at the cost of Canada’s national identity or self-determination.However, it may be beneficial to push for stronger strategic collaboration in areas like North American defence, transportation infrastructure, and trade logistics.According to Lisa, Canada and many other NATO states have neglected their roles in national defence, often relying on U.S. military spending. [18:50] Market trends to watch amidst shifting U.S.-Canada relationsLisa identifies power generation as the backbone of future economic infrastructure—no longer just a policy option but a necessity.Energy constraints are already impacting provincial decisions, signalling  long-term opportunities for investors.Lisa urges Canadian investors to continue trusting expert advisors—and to anchor their portfolios to well-researched macro insights.Branching into sectors like energy, resource extraction, and clean technology offers more stability in an uncertain political environment.Watching how the Carney government navigates energy pipeline development will be crucial; investors should blend pragmatic strategy with public policy foresight. [25:04] Charting a path forward for CanadaLisa remains hopeful yet cautious about the government’s ability to deliver meaningful results in the next four years.The speech from the throne will be telling as to whether there’s a break from past policy gridlocks toward more resilient, future-focused legislation.Maintaining stable US-Canada relations involves more than policy; we have to remember to distinguish between governments and people.The thickening of the U.S.-Canada border is another sad consequence of political tension, and efforts must be made to restore trust and open channels.About Lisa Lisa Raitt is the Vice Chair at CIBC Capital Markets, bringing decades of experience in navigating economic and political landscapes. A former Canadian federal cabinet minister, she held key portfolios including Natural Resources, Labour, and Transport, steering policy through complex economic shifts. Known for her pragmatic approach, Lisa now applies her expertise to the financial sector, offering strategic insights on global trade, economic resilience, and market trends.As host of The Raitt Stuff podcast, she delivers candid, impactful discussions on economic issues affecting Canadians and global markets. A trusted voice in policy and finance, Lisa combines political acumen with economic foresight, empowering individuals and businesses to thrive in an evolving world.Connect with Lisa Raitt on LinkedIn.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. Step out of the chaos of modern life and into clarity. Learn how to take informed steps forward, understand the impact of shifting policies, and secure a financially sound future amidst shifting U.S.-Canada relations.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts. 
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  • Introducing Season 3 of Smart Advice with Carissa Lucreziano
    No matter where you’re at in life, money can help you reach your goals and get you where you want to go. That's why it's so important to talk about it. Get ready for Smart Advice – a podcast that brings the money conversation right to you.
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  • Women's guide to wealth: Smart money strategies for every stage
    Women’s financial journeys are shaped by unique milestones and challenges ranging from navigating career transitions to planning for retirement. In this special edition of Smart Advice, we break down the results of a groundbreaking Women of Influence+ survey conducted in collaboration with CIBC, on Women, Money, and WealthThis episode offers expert guidance and practical tools to help you navigate your financial journey. You won’t want to miss this roundtable discussion featuring CIBC financial advice expert Carissa Lucreziano, Dr. Rumeet Billan, CEO of Women of Influence+ and Margaret Adaniel, Vice President of Wealth Digital, Marketing and Communications at CIBC. Here are three reasons why you should listen to this episode:Understand the benefits of working with an advisor to help you manage finances during major life transitions.Discover strategies to build financial wealth with budgeting, goal setting and regular investing.Learn how to protect yourself and your loved ones with an estate plan.ResourcesCanadian Perspectives: Women, Money and Wealth SurveyWilling Wisdom by Thomas William Deans Wealth planning for women: Why do I need a prenup?CIBC's "Smart Advice" Podcast and Website - Website | Apple PodcastEpisode Highlights[00:29] Milestones and Challenges on the Financial Journey of WomenOver the years, women have increasingly grown their influence in Canada's economy.Carissa highlights a study by Women of Influence+ and CIBCIt revealed that 68% of women feel in control of their finances while 42% are concerned about long-term security.The study shows that major life events, such as retirement and marriage, often prompt women to seek financial advice.[02:48] Why Financial Well-Being and Transitions Are ImportantRetirement and other life transitions play a huge role in women’s finances. It’s also important to see retirement as a journey, not a destination.[3:33] Margaret: “Retirement is not a point of arrival… It's actually a journey within itself”Women face increased financial responsibility. In particular, this involves balancing work and family, leading to evolving financial needs.Understanding your current financial situation, budgeting, and setting future goals are foundational steps for building financial resilience.Building an emergency fund and investing in long-term wealth, despite market complexities, is crucial in the modern era.[10:56] Starting a Business and Financial ConsiderationsAll business plans include market research, business model, marketing strategy, and cost analysis.It’s vital to keep personal and business accounts separate to simplify balancing your finances.It helps to automate bill payments, as missing a payment can harm your credit score and make financing your business more difficult.Digital resources like BDC and Zen Business can make it much easier to start a business, even if you are early in your financial journey.Carissa emphasizes the value of working with a trusted business advisor to navigate the early stages of entrepreneurship.[18:35] Build Strong Partnerships On Your Financial JourneyCommunication is key in both new and second marriages, starting with full disclosure of financial obligations and establishing clear money management practices. [19:42] Carissa: “In any relationship, first marriage or partnership or second communication is key. That is the foundation.”Carissa recommends cohabitation agreements or prenups to outline financial responsibilities and protect individual interests.Define what is "yours, mine, and ours" clearly in financial arrangements, particularly in second marriages. Doing so prevents misunderstandings and fosters transparency.Financial disagreements are a common source of conflict in relationships and highlight the value of open communication to build a strong financial foundation.[23:21] Estate Planning Beyond Legal DocumentsEstate planning is more than just legal documents. Women need to organize details like family contacts and personal wishes.[25:18] Margaret: “We think about it [estate planning] in the legal document terms, not the emotional side of the conversation. It's both. It really is both of those and we have to balance them out.Families are encouraged to discuss emotional aspects of estate planning, such as deciding who will care for pets or how assets will be distributed.The book Willing Wisdom is recommended for reframing your financial journey with thoughtful questions about values and personal priorities.Digital platforms like Willful are suggested as affordable and accessible tools to start or update wills and legal documents, making the process easier to navigate.[26:59] Estate Planning and Investments50% of Canadians lack a will. Starting this process is crucial for protecting assets and ensuring they are passed down as intended[27:55] Carissa: “You've worked a good portion of your life, working so hard to accumulate these assets… You want to be able to protect that, and you want to be able to preserve as much as possible to go to the next generation ”Begin open, age-appropriate discussions about estate planning, focusing on values, beliefs, and priorities rather than just financial details.Use investments strategically to equalize estates when multiple assets are involved, such as a family cottage and investment accounts.For example, compensate one child who inherits a family cottage with an investment account to ensure fairness and reduce disputes.Estate planning that incorporates investments can reduce stress, and preserve family harmony.[30:46] Audience Questions and Final AdviceCarissa recommends consulting a financial advisor about your available options for managing your 401(k) accounts during layoffs.Margaret and Carissa discuss the benefits of life insurance in estate planning, highlighting its flexibility in offsetting estate imbalances and covering debts.Young women should start their financial journey early. It’s more important than anything else to just start budgeting and investing.[37:59] Key Advice For Navigating Your Financial JourneyCarissa emphasizes the importance of understanding your financial situation while also developing a plan that gets you to your financial goals.Don’t be too hard on yourself, and celebrate financial achievements. Paying a student loan, saving a down payment, and building your savings are significant milestones.Stick to your financial plan and stay invested in your future.Margaret highlights the value of starting with small, regular investments. Having more time in the market is more important than trying to time the market.She encourages women to give themselves permission to seek a financial advisor. Trusted and professional support is invaluable on your financial journey.About Carissa Carissa Lucreziano has over two decades of experience as a Certified Financial Planner. She is the Vice President of Financial and Investment Advice at CIBC, where she aims to simplify complex financial concepts to give people the ability to make informed decisions about their money.As CIBC’s financial advice expert, Carissa leads a team dedicated to empowering Canadians through accessible financial education and smart advice.Connect with Carissa Lucreziano on LinkedIn.About Margaret Margaret Adaniel is the Vice President of Wealth Digital, Marketing, and Communications at CIBC, where she leads strategic initiatives to enhance client engagement and financial education.Margaret is committed to fostering financial confidence by creating tailored solutions that address evolving client needs, leveraging her expertise in wealth management, financial literacy, and strategic communication.Connect with Margaret Adaniel on LinkedIn.About Dr. Rumeet  Dr. Rumeet Billan is the founder and CEO of Viewpoint Leadership and former CEO of Women of Influence+. Her approach to entrepreneurship, business development, and leadership training prioritizes trust, belonging, and resilience to elevate the quality of her work.Dr. Rumeet has been recognized as one of Canada’s Top 10 Power Women. She showcases a commitment to giving back to communities by helping improve access to education through schools and libraries and funding scholarships.Connect with Dr. Rumeet on LinkedIn or her website.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family — especially the young women in your life! The sooner you start your financial journey and address key transitions like retirement, entrepreneurship, and estate planning, the better equipped you’ll be to protect your wealth and secure your family’s financial future.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.Thanks for tuning in! For more amazing episodes, tune in on Spotify or Apple Podcasts.
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  • Yours, mine, ours: How blended families can navigate the nuances of wills and estate planning
    In this episode of Smart Advice, we delve into the intricate world of estate planning for blended families—a crucial yet often overlooked topic for many Canadians. Estate planning becomes significantly more complex when it involves couples with children from previous relationships, second marriages, or common-law partnerships, which are increasingly common across the country. Our guest, Richard Voss, Director of Wealth Strategies at CIBC Private Wealth, shares expert insights to help protect your family’s legacy. Tune in for practical tips on managing wills, powers of attorney, and trust planning to help avoid potential conflicts and ensure everyone’s interests are protected.Three reasons you should listen to this episode:Learn how to navigate the complexities of estate planning for blended families.Discover the legal differences between common-law partnerships and marriage and how they affect your estate plan.Understand the importance of open communication within families when discussing estate planning.ResourcesCIBC Article: 5 Tips On Talking About Money With Your PartnerCIBC Private Wealth Insights HubCIBC Smart Advice hubEpisode Highlights[00:21] Estate planning for blended familiesEstate planning is an important part of ensuring your wealth is transferred smoothly.However, every family has its own unique dynamics, which creates unique challenges and considerations.Blended families in particular have specific nuances to their financial situation.23% of couples in Canada are living as common law partners — the highest among G7 countries.[03:07] Understanding your financial landscapeIt’s a financially smart decision to fully understand your financial assets and liabilities before entering a new relationship.There is a difference between hard assets (real estate, cars, collections) and soft assets (family knowledge, heirlooms with emotional attachments).Review your current wills, powers of attorney, and beneficiary designations to ensure they are up to date.[5:44] Richard: “If you are remarried or in some provinces common law, and intend to leave your entire or the majority of your estate to your children and you die without a will, recognize that a portion of your estate will go to your new spouse. This can vary depending upon the province you reside in, unless you have what's known as a domestic agreement or a marriage contract in place.”Ideally, blended families should have a will and power of attorney to help with financial planning of both the children and the parents.[09:24] Building financial stability in blended familiesBoth partners should understand each other’s spending habits and set boundaries on how to utilize their finances.[10:15] Richard: “When two families are coming together to be one new family, it's important for the new heads of the household to be in tune with what type of a spender they are and what type of a spender their new partner is.”There are different approaches to financial planning, from fully integrated finances to separate accounts.Richard advises regular cash flow monitoring and open conversations about financial goals and obligations.[15:18] Communication and financial literacy in blended familiesCarissa and Richard discuss the importance of communication in blended families, especially with minor and adult children.Richard advises demonstrating an abundance mentality and ensuring minor children feel secure.Adult children, on the other hand, need to understand the estate plan and potential changes in financial security.Plus, it is a good idea to discuss care decisions and responsibilities for aging parents early on.[19:10] Legal differences between married and common law couplesThere are two legal partnerships in Canada that can differ significantly in the eyes of the court: married and common law relationships.Defining common law couples in Canada depends on different perspectives and the lens through which it’s viewed.The property rights for common law couples varies depending on the province they’re in, jurisdictional rules, and cohabitation agreements.Legal advice from qualified practitioners for different aspects of estate planning helps smoothen estate planning.[26:19] Complexity of Estate Planning and the Role of ProfessionalsEstate planning can be a complex topic, which may be the reason why only 50% of Canadians have a will.[27:36] Richard: “Parents often times underestimate the complexity of their financial situation and overestimate the ability of their personal representatives, such as executors and beneficiaries, many times kids.”Revisiting estate plans annually and documenting intentions clearly helps simplify estate planning.He suggests introducing new spouses to professional advisors and involving adult children in financial discussions.Family meetings are a great way to address potential conflicts and express estate planning goals.[28:45] The importance of family meetings and open communicationFamily meetings are an opportunity to understand family dynamics and estate planning goals.Open communication and transparency are critical for estate planning in blended families.The emotional and financial needs of all family members are just as important to discuss in these meetings. Professional executors or trust companies can be useful to include in the discussion to help manage estate affairs.About RichardRichard Voss is the Director of Wealth Strategies at CIBC Private Wealth. With over 37 years’ experience in the financial services industry, Richard advises families in the areas of wealth and enterprise planning including business succession, family governance and legacy planning.Richard holds an extensive background in wealth strategy and is dedicated to simplifying estate planning for Canadians. He focuses on providing tailored, actionable advice that addresses the unique financial dynamics of today’s modern families. This ensures smooth wealth transfer and long-term financial security for future generations.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family — especially the parents! The sooner you start understanding how estate planning impacts your family’s financial future the better your chances of protecting your assets and ensuring smooth wealth transfer to the next generation.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.  
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  • How to manage your career like a business with Kelley Keehn
    Are you ready to elevate your career? The job market is evolving faster than ever, and adapting to these changes has become critical.In this episode of Smart Advice we dive into a conversation with Kelley Keehn, author, entrepreneur and financial educator, on how to manage your career as a business.Whether you're a seasoned professional or just starting your journey, learning how to align your career with your financial goals can make all the difference in building a more secure and successful future. Here are three reasons why you should listen to this episode:Learn how to set personal standards that guide your professional and financial decisions.Discover how to align your career with your financial goalsGet strategies to adapt to an ever-changing job market.ResourcesKelley Keehn - Website | LinkedInKelley Keehn’s Book She Inc.Money Wise Workplaces by Kelley KeehnRead the CIBC article “Helping Canadians Think Differently About Their Finances”, featuring Kelley Keehn.Visit CIBC for more smart adviceEpisode Highlights[00:21] Career Motivations and Job Market DynamicsHalf of Canadian professionals plan to seek new jobs in 2024, driven by increased income potential.The pandemic has shifted job market dynamics, leading to new career plans and a focus on flexibility and retraining.The world is rapidly changing, encouraging people globally to reinvent themselves to match the current job market or skill gaps.[02:53] The Concept of Treating Yourself as a CorporationShe Inc. is one of the books published by Kelley that advocates for treating oneself like a corporation to achieve career and financial goals.It's vital to draft your personal standards, habits, and values as a blueprint for life and career.Adopting this mindset had a significant benefit to Kelley's financial and career opportunities.Treating yourself as a corporation reduces decision fatigue and frees up mental space for creativity.[05:29] Practical Steps to Adopt the Corporate MindsetRegardless of your career stage, it's a good idea to start thinking about your brand.It is important to set realistic goals and remove noise to focus on what matters.Using a calendar can help you hold yourself accountable for important activities, such as self-care and work.[07:29] Kelley: “Whatever it is, you use your calendar to hold you accountable.”Burnout is a huge problem in modern society, so it's invaluable to balance the rigidity of your calendar with flexibility.[08:36] Staying Relevant in the Job MarketThe job market is constantly evolving; it's therefore critical to be adaptable so that you can find new career opportunities.Advisors and coaches can provide a sounding board and help you identify new career possibilities.Consider the athlete: no athlete succeeds in competition without coaches and mentors.Investing in education and delegating tasks unrelated to your career (or other things important to you) helps free up time for personal and career development.In Kelley's case, she hired out a lot of chores and household tasks to spend quality time with her aging mother.[13:25] Career as an Asset Class in Financial PlanningYour career choice will affect your investment strategies. Different career paths require different investment approaches.Kelley introduces the concept of the "fourth asset class" - your career - and its influence on risk tolerance and investment strategies.It's critical to discuss any asset changes with financial advisors to adjust you investment portfolios accordingly.[16:52] Kelley: “Now, maybe you're buying rental properties, and you don't tell your advisor that. That's kind of a side hustle would definitely affect your portfolio.”[17:47] Navigating Entrepreneurial SuccessKelley's opinion on finding financial success despite changing trends in the market is that it's important to be nimble and adaptable.[18:56] Kelley: “One thing I can definitely say is, don't wait, I've written 11 books because I don't wait. If I have something that's popped into my head, I act on it as quickly as humanly possible.”It's best to act quickly. The moment you have a new idea, act on it. Always be in motion; keep upgrading your skills or your network.Success isn't guaranteed, but resilience and tenacity go a long way toward overcoming failures and achieving success.[21:449] Future Projects and Financial WellnessKelley shares her ongoing projects, including Money Wise Workplaces, an online financial literacy program for employers.Moving forward, Kelley plans to collaborate with the financial industry to equip advisors with better communication skills.Trusted financial professionals and advisers play a huge role in people's financial wellness; they're an invaluable resource that more people should utilize.About KelleyKelley Keehn is an accomplished financial educator, entrepreneur, and passionate consumer advocate. She is dedicated to making financial literacy accessible and empowering individuals to take control of their financial futures. Kelley has authored 11 books on personal finance, including Talk Money to Me, and has become a trusted voice in helping Canadians transform their relationship with money.Kelley’s work emphasizes the importance of treating your career as a valuable asset and aligning financial goals with professional growth, making her a leading expert in personal finance and career strategy. One of her most effective mantras that helped shape her financial success was treating her career as an asset.Connect with Kelley Keehn on LinkedIn, Facebook, Instagram, or X . Visit her website for more resources.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family — especially the parents! The sooner you start treating your career as an asset, the better your chances of achieving long-term financial success and professional growth.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.
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About Smart Advice with Carissa Lucreziano

Do you want to make the most of your money? Build wealth for your future? Better manage your debt? Smart Advice is a podcast that brings you financial advice, investment strategies and economic trends. Join CIBC's financial advice expert, and Certified Financial Planner Carissa Lucreziano, for conversations about money – and investing with timely insights from leading experts. You’ll learn how make the most of your money…and how to make sense of this economy.
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