We discuss the implications of the turmoil in the middle east from a markets perspective. The IMF predicts Canada to have the largest economic growth in the G7 next year. US CPI remains sticky, securing central banks to hold rates. Bond volatility continues unabated. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehour See omnystudio.com/listener for privacy information....
Recent data out of Vancouver & Toronto points to a marked slowdown in September that looks poised to continue into Q4. Bond yields accelerate higher. Manufacturing data continues to weaken. China Coal usage ramps up. Reserve Bank of Australia moves firmly to the sidelines. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehour See omnystudio.com/listener for privacy information....
Local governments raising taxes as interest payments rise and tax revenues fall. Bond market contagion deepens as yields surge higher. Canadian mortgage renewals becoming a bigger problem. Business and consumer sentiment tumbles. Household savings are depleted. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehour See omnystudio.com/listener for privacy information....
Canada CPI comes in hot. Bond yields ripping higher over inflation concerns. Oil continues to push higher which will act as a hard brake on the economy. Powell dismisses the base case for a soft landing. The Bank of England moves to the sidelines. Airlines in the eye of the storm. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehour See omnystudio.com/listener for privacy information....
We are joined this week by Canadian credit and housing analyst Ben Rabidoux. Insolvencies are ratcheting higher, the pre-sale market remains the biggest vulnerability. Mortgage rates are starting to break household balance sheets. Immigration is out of control. Canada apartment rents are still rising. The ECB hikes. US inflation still sticky. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehour See omnystudio.com/listener for privacy information....
The Bank of Canada holds interest rates. Q2 GDP unexpectedly contracts, defying Bank of Canada forecasts. Higher mortgage rates are starting to hit households hard. China & Germany have hit the brakes hard. The ECB could shift to the sidelines. US apartment rents are likely to contract in September, with implications on CPI. ---------- Check out Addy! The largest institutional-grade commercial real estate investing platform in Canada! https://addyinvest.ca/properties/altadore-townhomes/ Beco...
Canadian banks report rising loan loss provisions. The Federal Government admits to undercounting non-permanent resident growth by a million people. The BC government pleads with the Bank of Canada ahead of the September 06 meeting. The US labour market shows signs of softening. Check out Addy! The largest institutional-grade commercial real estate investing platform in Canada! https://addyinvest.ca/properties/altadore-townhomes/ Become a ONE-YEAR addyONE member for free! Use our promo code "LOO...
The Federal government is back from their housing retreat with no real changes other than a further review into foreign student loopholes. Regional bank stocks are tumbling once again. Jackson Hole, hawkish fed? Fixed mortgage rates back on the climb AGAIN. See omnystudio.com/listener for privacy information.
Inflation in Canada jumped well above expectations in July, hitting 3.3%. Markets are now expecting no landing, pushing global bond yields to a 15 year high. The Panda in the room is only growing larger as the Chinese property market reaches a tipping point. Provincial governments fight back on green transition. See omnystudio.com/listener for privacy information.
Consumer and producer prices in China are now outright contracting on an annual basis. US CPI inflation is nearly back on target, but how do you factor in base effects and lagging shelter prices? The largest retailer in Canada delivers ominous warning about the shape of Canadian households. See omnystudio.com/listener for privacy information.
Markets are shorting the USD at a record pace and that could backfire very soon. Our special guest Brent Johnson, views the USD as the ultimate flight to safety and thinks that need for safety could return as volatility erupts in global bond markets. Troubles are brewing in China and Japan. The new housing and immigration ministers say they have no plans for slowing immigration, and say targets might need to be revised higher. Greater Vancouver Tenant and Property Management LTD. https://www.gva...
Interest rates are rising once again as economic growth remains resilient for now. The Fed and the ECB raise rates once again. The federal government has a new housing minister. Thank you to our sponsors of this live event: BMO ETFs https://www.bmo.com/main/personal/investments/etf/ Canadian Western Bank https://www.cwbank.com/en/business Greater Vancouver Tenant and Property Management LTD. https://www.gvantpm.com/property_management_fees_services See omnystudio.com/listener for privacy informa...
We are joined this week by Professor David Rapson, an expert on energy markets and climate policy, with a recent focus on electric vehicles and transportation decarbonization. We debunk and discuss energy markets. Later in the show we discuss recent inflation in Canada, downside surprises, and mortgage relief proposals. The Loonie Hour is going live in Vancouver and Calgary. Come join us for drinks, appetizers, and a live podcast with Q&A. Tickets to Vancouver Event: https://www.eventbrite.c...
The Bank of Canada raised interest rates another 25bps, bringing the overnight rate to its highest point since 2001. US CPI tumbles below expectations. Producer prices keep falling. Used car prices are crashing. China issues could destroy a lot of economic forecasts. The Loonie Hour is going live in Vancouver and Calgary. Come join us for drinks, appetizers, and a live podcast with Q&A. Tickets to Vancouver Event: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-6678797...
The FCAC has asked Canadian banks to work with borrowers to extend amortizations and reduce prepayment penalties for over leveraged home owners. Real Estate stats in Vancouver & Toronto point to a market that is slowing. The ISM continues to roll over. Waiting for Non-farm payroll to drop. Canada plans largest Uranium plant in the world. The Loonie Hour is going live in Vancouver. Come join us for drinks, appetizers, and a live podcast with Q&A. https://www.eventbrite.com/e/the-loonie-ho...
Fixed mortgage rates still moving higher. Population growth hits 1.2M in Canada. The Fed and ECB promise further rate hikes. The much talked about recession has not transpired, making the case for higher for longer interest rates. Government debt and the expectation for lower stock returns. The Loonie Hour is going live in Vancouver. Come join us for drinks, appetizers, and a live podcast with Q&A. https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-667879735267?aff=oddtdt...
Central Banks Coordinate higher Rates. Bond yields suddenly ripping higher once again. The Bank of Canada says house prices concern them. Housing set to slow with mortgage stress test nearing 8%. Where is the recession? Liquidity is actually increasing, pushing stocks higher. See omnystudio.com/listener for privacy information.
National house prices ticker higher in May. Mortgage credit growth tumbles to a 20 year low, signalling a slowdown is ahead. Housing starts are plummeting. The fed performs a hawkish pause. The ECB raises rates despite recession. China cuts rates as youth unemployment surges. ESG debunked. See omnystudio.com/listener for privacy information.
We are joined by Robert Asselin, former advisor to Justin Trudeau, and budget director to Bill Morneau to discuss ballooning deficits and inflation. The Bank of Canada starts hiking rates again. Bond yields surge, building permits plummet. Universal basic income gets a test run. Protect your online data and secure your privacy with Incogni! Get an EXCLUSIVE 60% discount using our link https://incogni.com/looniehour See omnystudio.com/listener for privacy information....
Canada's GDP surprises to the upside, largely on the back of a massive population boom that is masking a lack of productivity growth. This is putting undue pressure on the Bank of Canada, with markets now expecting the BoC to move once again. US jobs data provides a murky outlook. Commodities pointing to recession. And special guest Professor Michael Giest joins us to discuss the controversial Bill C-11 censorship bill. Protect your online data and secure your privacy with Incogni! Get an EXCLUS...
Rate hikes have only hit one third of all mortgages outstanding. Scotiabank says their customers are pulling back on discretionary spending. Is the Fed going to hike again next month? Germany enters a recession. Debt ceiling hysteria reaches a tipping point. See omnystudio.com/listener for privacy information.
Inflation surprised to the upside in April, forcing bond yields to surge higher and putting the Bank of Canada back in the hot seat. Meanwhile 75% of variable rate mortgages have hit their trigger rate. The Federal Government made a colossal error on issuing debt on the short end of the curve. See omnystudio.com/listener for privacy information.
The city of Toronto approves mass rezoning for residential development. There's an inventory shortage not just in Canadian housing markets but around the world right now. CPI inflation comes in as expected. Are deposit runs an issue in Canada? The Bank of Canada asks Canadians to weigh in on a central bank digital currency. See omnystudio.com/listener for privacy information.
Home sales are bouncing back to life across Canada. Calgary Real Estate prices hit new record highs. The banking crisis is far from over as contagion risks start to spread. The Fed hikes rates another 25bps but a pause appears likely. Markets are calling for rate cuts as soon as this fall. See omnystudio.com/listener for privacy information.
The housing market continues to turn higher, yet wages are actually rolling over. Latest data shows wage growth is now sharply negative in real terms. Banking issues in the US have not gone away. The Bank of Canada is fully expecting a recession. CN Rail says the recession is already here. See omnystudio.com/listener for privacy information.
Headline inflation falls to 4.2% in March. National house prices are back on the rise with housing starts still falling. Government employees striking across the nation as the cost of living crisis persists, potentially entrenching higher wage inflation. Former head of the Conservative Party Erin O’Toole joins the show. See omnystudio.com/listener for privacy information.
The Bank of Canada kept interest rates on hold while raising GDP growth forecasts. Meanwhile, land loans to developers have completely evaporated, sowing the seeds for a supply crunch years down the road. CPI in the US eases but core inflation is proving to be sticky. Warren Buffett takes a surprise trip to Japan. Germany shuts down more nuclear plants. See omnystudio.com/listener for privacy information.
Sweeping policy changes are coming on the housing supply front in Vancouver. Meanwhile, TD Bank has become the worlds most shorted bank stock, facing $3.7B of short interest. Is this the end of the US Dollar? Dutch Farmers Revolt ! See omnystudio.com/listener for privacy information.
The Federal Government announced its budget and it was a doozy. More inflationary spending, including money for groceries. The Bank of Canada will have its work cut out for them as there are also signs that the housing market is showing signs of strengthening. Credit spreads suggest there are still issues under the hood within financial markets. Buy NordVPN and win extra subscription time https://nordvpn.com/looniehour See omnystudio.com/listener for privacy information....
Canada's oil and gas sector could flourish, enriching the lives of all Canadians while lowering global emissions, the only thing stopping it is politics according to this weeks special guest Andrew Haynes. Andrew is a 20 year expert in the energy sector. Meanwhile, the US Fed continues to push rates higher despite banking issues. Canadian population growth exceeded one million last year. Billions of commercial loans coming due could create more issues for smaller banks. Buy NordVPN and win extra...
