The Loonie Hour

Steve Saretsky

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The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.

Canadian Business Confidence Plunges to Decade Lows

Small businesses in Canada have never been more downbeat. Tariffs hit the auto sector hard. Is a recession part of the Trump fiscal plan? Bond yields push higher in Europe. Concern around job losses growing. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Check out Saily at saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase!See omnystud

Mar 28, • 1:15:28

The Changing World Order is Here- w/ guest Brent Johnson

How President Trump upended the world order and his strategy behind it. PM Carney to call an election this week. Canada CPI surges more than expected. The Fed holds rates for now. Canadian Banks tighten credit. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Check out Saily at saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase! See omnystudio.com

Mar 21, • 1:26:24

Bank of Canada Abandons Inflation Mandate

Bank of Canada cuts rates again citing new crisis, and expects higher prices. Mark Carney is anointed the next Prime Minister. The carbon tax isn't going away. The oil & gas emissions cap is expected to kill 50,000 jobs. Doug Ford threatens to turn off the power. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Protect your privacy! Try Incogni, risk-free for 30 days!Visit

Mar 14, • 1:05:46

Tariff Volatility Roils Markets

Tariff volatility continues, freezing business investment. Housing slump deepens in Vancouver & Toronto. Germany unveils the fiscal bazooka, along with China. Political tensions rise. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Check out Saily at saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase!See omnystudio.com/listener for privacy in

Mar 7, • 1:05:16

Canadian Banks Brace for Mortgage Renewal Wall

Canadian bank earnings reported modestly higher loan loss provisions, despite a wave of renewals coming. Tariffs talks are ramping back up with the US expected to hit Canada next week. The bond market is worried about weaker growth. The EU pleads with India. Crypto market crashes. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Protect your privacy! Try Incogni, risk-free for 30 days!Visit ht

Feb 28, • 1:12:44

Bank of Canada Will Have to Choose Between Inflation or Housing

Canadian CPI moved higher, setting up a squeeze higher this summer. High Speed Rail to Quebec? Universal Basic Income making a comeback in Canada. Entrepreneurs fleeing Canada. Could the US demand that counties purchase zero coupon bonds for military protection? The changing world order is here. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Protect your privacy! Try Incogni, risk-

Feb 21, • 1:08:29

Canadian Jobs Market is Weaker Than You Think

Immigration outflows are not being fully counted by stats Canada, making the labour market appear stronger than it is. Banks are now writing 100% LTV mortgages on new condos. US inflation is accelerating and the Fed is done cutting. Canada names their new Fentanyl Czar. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Check out Saily at https://saily.com/looniehour and use our promo code

Feb 14, • 1:04:13

Canada's Fentanyl Crisis & Corruption- w/guest Sam Cooper

Canada's top investigative reporter and fentanyl expert Sam Cooper joins the show. How bad is the fentanyl problem, what does Trump want to see, and who will become Canada's fentanyl Czar? Corruption runs deep as policy makers turn a blind eye to the deepening drug crisis. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more Protect your online data and secure your privacy with Incogni!Chec

Feb 7, • 56:08

Tariff Wars in Canada- w/ guest Danielle Smith

We are joined by Alberta Premier Danielle Smith to discuss trade negotiations, the currency, and our natural resources. The Bank of Canada cuts rates again. Policy makers preparing for helicopter money, and more global uncertainty. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get your travel data sorted with Saily and enjoy smooth, safe, and reliable internet access while you're away in over

Jan 31, • 1:22:08

Political Turmoil as Public Sentiment Swings to the Right

Canada's CPI inflation slowed in December. Will inflation perk up again this year? The bond market says one more rate cut for the Bank of Canada. Policy makers are swinging to the right as public sentiment shifts. Scrapping the Carbon tax and Capital gains tax. The UK debt market barreling towards a crisis provides insights for other western countries on managing deficits. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looni

Jan 24, • 1:07:06

Are Tariffs Looming on Canadian Oil?

Alberta refuses to sign on with Trudeau's proposed retaliatory tariffs. Toronto new condo sales hit 28 year lows as property taxes surge. Is Mark Carney the next prime minister already? US CPI cools, bringing relief to the bond market. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get your travel data sorted with Saily and enjoy smooth, safe, and reliable internet access while you're awa

Jan 17, • 1:06:47

Trudeau Resigns, Leaving Parliament Frozen for Months- w/guest Kate Harrison

Unpacking the Trudeau prorogation. When will the next federal election be? Budget deficit is likely larger than $62B. Canadian oil exports to the US hit record highs. UK Gilt market having another crisis moment. China bond market forecasting more doom. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Check out Kate Harrison and her team's work at Summa Strategies here!https://summastrategies.ca/

Jan 10, • 1:14:26

Wild & Unexpected Predictions for 2025

Bond yields will tumble amidst debt deflation in China, propelling lower mortgage rates in Canada and higher house prices. The US stock market will see a large correction and usher in a recession in the US. The Euro will crash as the German economy sinks. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get your travel data sorted with Saily and enjoy smooth, safe, and reliable internet acc

Jan 3, • 59:38

Sovereign Debt Markets Facing Turmoil in 2025?

Bond yields rising as central banks cut rates. Canadian housing faces rising defaults in new construction space. China’s bond market flashes red, awaiting giant stimulus. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more!See omnystudio.com/listener for privacy information.

Dec 27, 2024 • 1:00:12

Chaos in Ottawa! Budget Deficit Explodes to $62B

Finance minister Freeland resigns, Trudeau government hangs in the balance. Budget deficit explodes to $62B, surpassing the fiscal guardrails. The Loonie tumbles dropping to 69 cents. The US Fed cuts rates, says inflation target won't be hit until 2027. Coal usage hits record highs on Chinese demand. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more!See omnystudio.com/listener for privacy information.

Dec 20, 2024 • 1:12:14

Bank of Canada will Keep Cutting Rates into Falling Loonie- w/ guest Ben Rabidoux

Bank of Canada slashes rates by another 50bps. The Labour market is getting worse. The Fed might be done cutting rates later this year but the BoC isn't. Rents continue to drop in major metros. Record supply under construction. Immigration system needs an overhaul as asylum claims surge. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get your travel data sorted with Saily and enjoy smooth, saf

Dec 13, 2024 • 1:07:40

Toronto Condo Completions are Heading to Zero by 2030

Housing sales plunging means no new housing by 2030. Former BoC governor Poloz says we are in a recession. Canadian businesses struggling with Canada Post strikes. Powell at the Fed signals rate cuts might be over. Bank of Canada on deck next week. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get your travel data sorted with Saily and enjoy smooth, safe, and reliable internet access while you're a

Dec 6, 2024 • 1:02:15

Canadian Energy Sector Faces Trump Tariffs - w/ guest Heather Exner-Pirot

Vibecession in Canada. Jobs not keeping pace with immigration. Emissions cap and Trump tariffs, what is the fate of the Canadian energy sector? GST holiday gets a boost in Ontario. The Eurozone continues to circle the drain in large part due to poor energy policy.  Check out Heather Exner-Pirot's Research Here:https://heatherexnerpirot.com/about Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get you

Nov 29, 2024 • 1:13:50

Real Estate Developers are Failing at an Alarming Rate

Developer Insolvencies Surge to 10 year high. Private Credit funds shut the gates. Inflation ticks higher, stoking concerns for the Bank of Canada. No GST for the holidays, Trudeau opens up the cheque book. Budget deficit concerns increase.  Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get your travel data sorted with Saily and enjoy smooth, safe, and reliable internet access while you're away in

Nov 22, 2024 • 1:08:54

Canadian Pensions Facing Financial Repression

The Canadian dollar continues to weaken. Canada Pension plans gets political, potentially locking capital in Canada. The German economy continues to sputter. Housing activity bounces on rate cut optimism.  Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more!See omnystudio.com/listener for privacy information.

Nov 15, 2024 • 1:06:52

How Canada's Immigration System Imploded- w/ guest Mikal skuterud

Canada's immigration demise was years in the making. Trump gets back to the White House, what are the market implications? Stocks, crypto and bond yields surge higher. The Federal government continues to punish the Oil & gas sector, implementing defacto production caps.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)

Nov 8, 2024 • 1:17:06

The Canadian Dollar Falls to a Four Year Low

The Canadian dollar has tumbled to its lowest levels in 4 years. Canada GDP slows, sets the stage for another rate cut from the Bank of Canada. US election to bring increased volatility to financial markets. The UK gilt market gets its second warning. The German industrial base is suffocating. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Mana

Nov 1, 2024 • 56:36

Bank of Canada Delivers Jumbo Rate Cut- w/ guest Tian Yang

The Bank of Canada delivered a 50bps rate cut and signalled more to come. The Bond market hasn't budged. Money is still flowing out of China as the economy wobbles. The Trudeau government announces immigration cuts, population growth to zero next year. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) Get your travel data s

Oct 25, 2024 • 1:06:21

Financial Markets Anticipate the Next Round of Easy Money

Canada CPI falls well below expectations, sets up a jumbo rate cut next week. European Central bank slashes rates again. Stocks, the USD dollar, and gold all rise on an easing of financial conditions. Will the bond vigilantes return?  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) Get your travel data sorted with Saily a

Oct 18, 2024 • 58:30

Bond Yields, Oil Prices, and Inflation Moving Higher as Central Banks Cut Rates

The Federal government proposes an empty land tax. Former BoC deputy governor says 50bps cut is coming. Oil prices move higher along with long term bond yields. US CPI comes in hotter than expected. Central banks easing globally into higher inflation?  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) Get your travel data s

Oct 11, 2024 • 55:07

The Race to Zero, Liquidity Measures Turning Higher

Central banks are aggressively easing and liquidity measures are turning up. Geopolitical conflict is ramping up, putting upwards pressure on oil prices, could this stoke another wave of inflation? Toronto and Vancouver Real Estate see rising inventory levels despite lower rates.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmoga

Oct 4, 2024 • 57:18

Central Banks are Panicking to Inject Liquidity

OSFI removes mortgage stress test on renewals. The BC Government will help you buy a home. Has Canadian energy peaked? Microsoft bets big on Nuclear energy and AI. The Chinese have fired the liquidity bazooka to try and revive its economy.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for pri

Sep 27, 2024 • 1:00:59

Feds Prop Up Housing Bubble with Jumbo Mortgages- w/ guest Ron Butler

The federal government shocks the market by pushing CMHC insured mortgages up to $1.5M. The Bank of Canada finally gets inflation back down to 2%. The Federal Reserve surprises markets, cuts rates by 50bps.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy information.

Sep 20, 2024 • 1:15:17

The Canadian Labour Market Continues to Deteriorate

The unemployment rate moves higher. Rental and housing market continues to soften. The ECB cuts rates, more to come as the German economy weakens. US CPI comes in hotter than expected ahead of the Fed meeting next week.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy information.

Sep 13, 2024 • 58:14

Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau

The BoC cuts rates again, cautions home prices could rise. NDP kills the coalition with the liberal government, is a federal election coming soon? Rents falling in University cities, mortgage rates drift lower. US job market weakens as stock market wobbles. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) Check out Saily a

Sep 6, 2024 • 54:31

The Federal Government Pulls a U-Turn on Immigration

The Liberal government says they will change the temporary foreign worker program to slow immigration further. More signs of a weakening labour market. Canadian banks write off more bad loans. Toronto new home sales plunge to levels we've never seen before. Net zero without Chinese EV's.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmoga

Aug 30, 2024 • 58:58

Fixing the Housing & Immigration Crisis- w/ guest Dr. Mike Moffatt

Canada CPI inflation comes in lower, cementing another rate cut from the Bank of Canada. Economist and political insider Dr. Mike Moffatt explains how housing and immigration went so wrong, so quickly, and how to fix it. US jobs data gets revised nearly 1 million jobs lower ahead of Powell speech. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Manageme

Aug 23, 2024 • 1:24:12

Canada’s Foreign Worker Program a Breeding Ground for Modern Slavery?

The UN accuses Canada's foreign worker program as modern slavery. The feds will convert these low skill immigrants to permanent residency status. Real Estate insolvencies surge to highest levels in more than two decades. Consensus calls for more rate cuts from the BoC and the Fed. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) C

Aug 16, 2024 • 57:10

Bank of Japan Rate Hike Sends Financial Markets into a Panic

The Yen carry trade blows up after BoJ announces surprise rate hike. Markets call for immediate rate cuts. AirBnb data in Canada suggests governments are misguided. Temporary foreign workers surge, pushing youth unemployment higher.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy in

Aug 9, 2024 • 1:10:25

The Politics of Climate Change in Canada w/ guest David Knight Legg

Was the devastation of Jasper National Park avoidable? Who's to blame? What ails the Canadian economy, and how to cut the green tape. Lowering emissions globally will require Canadian LNG. Bond yields tumble, Fed set to cut, financial markets are moving. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) Check out Saily at s

Aug 2, 2024 • 1:22:27

Bank of Canada Cuts Rates, Signals More to Come

The BoC cut rates, highlighting excess supply and concerns over a weakening labour market. The Canadian dollar continues to weaken, with more rate cuts expected. US GDP came in stronger than expected, perhaps delaying any rate cuts in the US. Repo issues brewing in Canada, suggesting collateral concerns are growing at some banks. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500

Jul 26, 2024 • 58:27

Markets Calling for More Rate Cuts from the Bank of Canada

Twinkie bets are live! Markets are calling for a rate cut next week and more to come. Lagging shelter inflation could bring CPI even lower. More pain to come for Real Estate developers. Political volatility is increasing. The death of ESG and DEI?  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for pri

Jul 19, 2024 • 58:57

An Exodus of Capital Threatens the Chinese Economy- W/ guest Michael Nicoletos

Foreign direct investment has turned negative in China as capital leaves. The property market is wobbling and threatens to bring deflation to the rest of the world. The devalued Japanese Yen is creating headaches for the Chinese manufacturing sector. What are the implications for Canadians? Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Managem

Jul 12, 2024 • 1:11:06

The Housing Bubble Is Slowly Deflating

Home sales in Vancouver & Toronto plummet. Policy makers are doubling down on bad policy. Stories of financial stress are mounting. ISM services index falls to levels last seen during the depths of the pandemic. The presidential election heats up.  Tickets to Montreal Loonie Hour Social: https://www.eventbrite.ca/e/loonie-hour-montreal-social-july-18-tickets-941728173317?aff=oddtdtcreator Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Base

Jul 5, 2024 • 1:03:12

Rent Inflation is Squeezing the Bank of Canada

Rent inflation surged pushing the CPI basket higher. The Liberals lose an important by election in Toronto. Will JT resign? Toronto new home sales fall off a cliff. The labour market weakens for new immigrants. The Japanese yen continues to roll lower, a key signpost for the global sovereign debt bubble. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset M

Jun 28, 2024 • 1:10:40

Record Short Position on the Canadian Dollar

Cities are taking housing accelerator funds and then raising development fees to crush supply. Canada's population surges again. Living standards have not improved in 7 years. Government muzzles oil and gas companies from promoting fossil fuels. Speculators have a record short position on the loonie.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Mana

Jun 21, 2024 • 1:10:00

Hawkish Powell Says Fed Will Only Cut Rates Once

US CPI data came in softer than expected but that didn't sway the fed. Projections now call for one cut this year. Producer prices are outright declining. Canadian housing can't be fixed, surging taxes killing development. The pendulum is swinging to the right as voters reject the status quo.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Mana

Jun 14, 2024 • 1:02:40

The Rate Cutting Cycle Has Begun

Bank of Canada slashes interest rates, suggests more to come. The ECB also cuts rates, is the Fed next? Economic data is now softening in the US. Why this probably won't save the Canadian housing market. Private debt fund in Canada halts redemptions in a sign of things to come. Foreign interference corruption in Ottawa. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF

Jun 7, 2024 • 1:08:01

Canadian Households Need to Adjust to Higher Mortgage Rates - w/ guest Doug Porter

We are joined by BMO's chief economist Doug Porter. The Bank of Canada will cut, probably in June. Don't expect bond yields or fixed mortgage rates to budge. Inflation is nearly defeated in Canada but not the US. Weak investment in Canada to continue with capital gains increases. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U. BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmog

May 31, 2024 • 1:10:30

Inflation Drops Ahead of Bank of Canada Meeting

CPI drops back within the Bank of Canada's target range, will it be enough for a cut in June? Population growth surges with some cities growing more than 6%. AirBnb bans will hit the tourism sector in some Canadian cities.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U. BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy information.

May 24, 2024 • 1:06:08

Markets Melt Higher as Economic Data Weakens

US CPI cooled last month, along with retail sales. Canadian job numbers surprise to the upside giving further hesitation for the Bank of Canada. Banning China EV's, batteries and solar panels despite the war on climate change? Financial Markets drift higher.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U. BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio

May 17, 2024 • 1:03:00

The Central Bank Endgame- w/ guest Grant Williams

Governments are broke, and central banks are trying to maintain the illusion of stability. The next decade will not be like the last one, prepare for volatility. Inflation, interest rates, and political risks abound. House prices have created massive inequality and threaten social stability. Where do we go from here, and how do we plan for the central bank endgame? This week's interview with special guest Grant Williams.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO

May 10, 2024 • 59:49

Currency Crisis in Japan?

The Japanese Yen has fallen almost 50% against the US dollar since 2020. Attempts to intervene are failing. The USD needs to go lower through Fed easing. The Bank of Canada desperately wants to cut. GDP on a per capita basis is still contracting. Mortgage renewals finally starting to bite? Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U. BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bm

May 3, 2024 • 1:04:48

How China is Interfering in Canadian Elections, Exposing Corruption w/ guest Sam Cooper.

How China is interfering in federal elections in Canada, spreading fentanyl, and exacerbating a housing crisis. Special interview with independent journalist Sam Cooper. Check out Sam's book, Willful Blindness. We also discuss markets pricing out fed rate cuts, weak Canadian retail sales, and stagflation concerns. See omnystudio.com/listener for privacy information.

Apr 26, 2024 • 1:12:26

Federal Budget Predicts Falling Interest Rates, No Recession?

The federal government dropped their latest budget which predicts no recession and falling interest rates. Will this make the Bank of Canada's job more difficult? Increased capital gains taxes will come with consequences, particularly for entrepreneurs. Who is really running the show in Ottawa? Robert Asselin, former economic advisor to finance minister Morneau joins the podcast.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11

Apr 19, 2024 • 1:05:25

US Inflation Derails the Bond Market

This week's episode we are joined by Chace Barber of Edison Motors to discuss the government grant scandal impacting their EV truck company. We then discuss US inflation, surging bond yields, desperate housing policy changes. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy informati

Apr 12, 2024 • 1:10:12

Are financial markets getting complacent?

Government spending pouring fuel on the fire at the Bank of Canada. Bond yields pushing higher as growing concerns over fewer rate cuts. Oil continues to climb higher. Are financial markets getting complacent? Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for privacy information.

Apr 5, 2024 • 1:11:40

Immigration Cuts Could Push Canada into Hard Landing- w/ Ben Rabidoux

Immigration Minister announces big cuts to population growth. How will this slow the economy and rents? Rabidoux thinks the Bank of Canada will have to cut rates more than expected. OSFI keeps the mortgage stress test on lender switches. Trudeau announces renters bill of rights.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/?ecid=dw-LHPODNovGAM1-ADBMO26 Check out Ben Rabidoux's work at Edge Analytics Research: https://edgeanaly

Mar 29, 2024 • 1:06:34

Central Banks are Going to Cut Rates into Accelerating Inflation

Canadian house prices bounce higher. Inflation dips in Canada. Central banks around the world are preparing to cut rates as commodity prices jump and financial markets rip. The Federal Government starts buying mortgage bonds.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/?ecid=dw-LHPODNovGAM1-ADBMO26 Check out Manscaped at manscaped.com and use our code "LOONIEHOUR" to get 20% OFF when you purchase The Handyman!See omnystudio.c

Mar 22, 2024 • 1:07:01

Canadian Living Standards are Falling

Premiers across the country are demanding Trudeau to pause the Carbon tax increase. US inflation jumps on higher producer prices. The crypto bull market is back. Rich takes the helm at the Bank of Canada. Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/?ecid=dw-LHPODNovGAM1-ADBMO26 See omnystudio.com/listener for privacy information.

Mar 15, 2024 • 1:03:26

Canadian Businesses are Failing at the Highest Rate Since 2006

Business insolvencies are surging. Mortgage arrears are climbing, albeit coming off record lows. The Bank of Canada holds rates. Federal Government attempting to mandate allocation of pension dollars. Markets awaiting US jobs data this week. Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/?ecid=dw-LHPODNovGAM1-ADBMO26 See omnystudio.com/listener for privacy information.

Mar 8, 2024 • 59:28

No Rate Cuts from The Bank of Canada this Year?

Tiff Macklem is on deck next week. Bitcoin hits record highs in Canadian dollars. Financial conditions are easing, pushing US equities and inflation higher. Canadian banks report earnings, the mortgage renewal wall is still a very big problem. GDP per capita declines for the sixth straight quarter.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/find-an-etf/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for privacy information.

Mar 1, 2024 • 1:03:53

Canadian Farmers are Bracing for Tough Times Ahead- w/ guest Shaun Haney

Commodity prices are falling, interest rates are up, and government policy is hurting Canadian farmer profits. Inflation in Canada plummets as retail sales slide. More politicians are looking for rate cuts. Troubles are mounting at European banks.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for privacy information.

Feb 23, 2024 • 1:11:21

Higher for Longer? You can thank the US Economy

CPI inflation came in hot once again in the US. Bond yield volatility surges. Markets removing rate cut expectations. Recessions in Japan and the UK. Construction costs in Canada are finally coming down. The $60M ArriveScam issue. The carbon tax rebrands.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for privacy information.

Feb 16, 2024 • 58:46

Real Estate Crisis Brings Deflation to China

US jobs numbers come in hotter than expected, boosting bond yields higher. Jerome Powell speaks on 60 minutes interview. Canadians could be jailed for promoting the benefits of oil and gas. China is experiencing deflation, deepening financial woes. Commercial property bust leaks into Europe.  eck out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for privacy information.

Feb 9, 2024 • 1:04:37

The Economic Shock Will Come from Outside the US

Commercial Real Estate is dragging global banks lower. Powell pushes back rate cuts. The return of bidding wars in the housing market? Europe is drifting towards deflation. China property crisis deepens, Evergrande to liquidate holdings. Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for privacy information.

Feb 2, 2024 • 1:02:20

Nobody is Positioned for a Second Wave of Inflation- w/ guest Tian Yang

Bank of Canada holds rates, but signals transition. Federal Government caps immigration of foreign students. Business bankruptcies in Canada are soaring. US GDP comes in hot, defies recession calls. ECB holds rates. China financial risks and how they impact Vancouver Real Estate. Special interview with Tian Yang, CEO of global macro research firm Variant Perception. Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovG

Jan 26, 2024 • 1:10:26

Hopes of Rate Cuts from the Bank of Canada are Starting to Fade

Core inflation in Canada came in hotter than expected. Immigration continues to pressure shelter inflation, creating further challenges for the Bank of Canada. The Feds contemplate limiting foreign students in several provinces. Bond yields push higher. Nuclear energy coming to Alberta. The World Economic Forum kicks off.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudio.com/listener for p

Jan 19, 2024 • 1:14:00

Inflation Jumps Higher than Forecasted- w/ guest Jared Dillian

Inflation remains sticky but the Fed will still cut. Could this spark a second wave of inflation? Guest Jared Dillian, author of The Daily Dirtnap suggests the stock market is on the cusp of a pull-back. Trading sentiment tops and bottoms. The striking similarities between US stocks and Canadian housing. Property taxes surge in Canadian cities. Pre-order Jared’s new book, No Worries: https://www.amazon.ca/No-Worries-live-stress-financial-ebook/dp/B0BZZFQPBG?nodl=1&dplnkId=e3b1f304-3833-462e-a863

Jan 12, 2024 • 1:09:15

The Perils of The Green Energy Transition- w/ guest Doomberg

We interview energy expert, and popular newsletter writer Doomberg on the green energy transition. Net zero cars, nuclear energy, solar and wind, this is a masterclass on all things energy. There are no solutions, only trade offs, and Doomberg provides the sobering reality Canadians face in the years ahead as governments push climate policy.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26See omnystudi

Jan 5, 2024 • 1:16:53

Is Canada on the Verge of a Debt Crisis?

We discuss Pierre Poilievres video that has gone viral regarding a potential debt crisis in Canada. Our total debt to GDP sits at 305% and is one of the highest in the G20. This has garnered responses from Chrystia Freeland, the mainstream media, and various economists. What does the Loonie Hour think? Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 Try Out Canva for Teams! Get an extended 45-day trial

Dec 29, 2023 • 1:08:20

Canada Mandates Zero-Emission Vehicles During Cost of Living Crisis

All vehicles sold in Canada must be hybrid or electric by 2035. We interviewed transportation energy expert David Rapson to discuss the economic impacts and the viability of the mandates. Reckless population growth running at highest levels in nearly 70 years. Canada CPI still sticky. Financial markets flirting with no landing or a soft landing.  Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 Try Out

Dec 22, 2023 • 1:18:38

Did Central Banks Just Pivot?

The Fed shocks the market with a dovish outlook, forecasts 3 rate cuts next year. Bond yields tumble. Is a soft landing a fantasy or reality? Canadian mortgage rates are falling along with home prices. See omnystudio.com/listener for privacy information.

Dec 15, 2023 • 1:01:26

Waiting on the Bank of Canada to Cut Rates

The Bank of Canada held rates again. Markets are expecting 100bps of rate cuts in 2024. Bond yields continue to tumble. Will housing perk up? Keep an eye on US non-farm payrolls. COP 28 brings big promises and big problems for Canadian oil and gas. Who is the most dangerous man in Canada? Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 Check out Addy! The largest institutional-grade commercial real est

Dec 8, 2023 • 1:12:42

Canadian Banks Bracing For a Weaker Economy

Canadian banks reported earnings this week. Nearly all of them significantly increased their provision for loan losses. The economy contracted in Q3.  Markets are betting on the BoC to cut rates next year. US still holding up. Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 Check out Addy! The largest institutional-grade commercial real estate investing platform in Canada! https://addyinvest.ca/Use our

Dec 1, 2023 • 59:34

Without Nuclear Canada's Energy Transition is Doomed, w/ guest Dr. Chris Keefer

We interview the president of Canadians for Nuclear energy Dr. Chris Keefer to discuss nuclear energy and why the current government has suddenly taken  a u-turn on nuclear energy policy. We then discuss the Federal budget update, housing funds and the AirBnb changes coming. CPI in Canada falls back to within the BoC's target, and comments from Tiff Macklem.  Check out Canadians for Nuclear Energy: https://www.canfornuclearenergy.org/ Check out industry-leading BMO ETFs here: https://www.bmogam.

Nov 24, 2023 • 1:16:42

How to Slow Canada's Food Inflation Problem - with guest The Food Professor

Dr. Sylvain Charlebois aka The Food Professor joins the podcast to discuss food inflation hitting Canadian wallets. His Battle with the Bank of Canada, and the impacts of the carbon tax. Keith and Steve then discuss the recession playbook. US CPI, jobless claims and the bond trade. Are we at a turning point? Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 The Loonie Hour is live in Toronto on November

Nov 17, 2023 • 1:09:32

Canada's Biggest Retailers Warn Consumers are Tapped Out

Bank of Canada flags government spending in 2024. Canadian Tire and its chain of retailers warn about weak consumer demand, job cuts. BC Government unveils drastic housing supply changes. Arrive Canada Scam heats up. Feds Jay Powell spooks markets. Check out industry-leading BMO ETFs here: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 The Loonie Hour is live in Toronto on November 30th! Join us for drinks, appetizers, a live podcast, and Q&a

Nov 10, 2023 • 59:54

Consumer Confidence in Canada Plummets to Lowest Levels since 1982

Confidence plunges as recession hits Canada. Bond yields retrace as Central Banks signal end of hiking cycle. Carbon tax divides Canadian provinces as affordability crunch deepens. Home sales weaken in October.  Loonie Hour Live in Toronto tickets https://www.eventbrite.com/e/the-loonie-hour-live-in-toronto-tickets-742892650917 Check out industry leading BMO ETF’s: https://www.bmogam.com/ca-en/products/exchange-traded-funds/etf-centre/?ecid=dw-LHPODNovGAM1-ADBMO26 Try out Canva for Teams! Get an

Nov 3, 2023 • 1:09:52

Bank of Canada Says Inflation Will Return to Target in 2025

Bank of Canada holds rates, says global bond yields are doing the tightening. Inflation back to target in 2025. Canadian banks cutting jobs and selling loans. The ECB hits the panic pause. HSBC says the world is at "tipping point". Universal basic income surfaces in Canada. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

Oct 27, 2023 • 1:07:51

The Bond Bear Market Could Derail the Global Economy - w/ guest Mike Green

Economic growth prospects continue to be revised higher, what are we all missing? Inflation slows in Canada. Business outlook sours. Canada's banking regulator succumbs to political pressures.  Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

Oct 20, 2023 • 1:12:45

Canada Will Have the Largest Economic Growth in the G7 Next Year?

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/looniehourSee omnystudio.com/listener for privacy information.

Oct 13, 2023 • 1:00:21

The Canadian Housing Slump is Back On

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/looniehourSee omnystudio.com/listener for privacy information.

Oct 6, 2023 • 1:06:41

Canadian Economy Accelerating into Hard Landing

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/looniehourSee omnystudio.com/listener for privacy information.

Sep 29, 2023 • 1:08:43

Bond Market Crushing Soft Landing Hopes

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/looniehourSee omnystudio.com/listener for privacy information.

Sep 22, 2023 • 1:02:28

Interest Rates at these Levels Will Break Things- w/ guest Ben Rabidoux

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/looniehourSee omnystudio.com/listener for privacy information.

Sep 15, 2023 • 1:14:59

Has the Recession Already Started in Canada?

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

Sep 8, 2023 • 57:28

Provincial Governments Urge Bank of Canada to Stop Rate Hikes

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 "LOON

Sep 1, 2023 • 1:00:17

Are There Still Issues Brewing Inside the Banks?

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.

Aug 25, 2023 • 58:49

Inflation Bounces Higher as Global Bond Yields Hit 15 Year High

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.

Aug 18, 2023 • 58:55

Prices are Contracting in the World's Second Largest Economy

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.

Aug 11, 2023 • 1:09:35

Are we in the Early Stages of a Sovereign Debt Crisis? - w/ guest Brent Johnson

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.

Aug 4, 2023 • 1:09:09

Surging Interest Rates Set to Squeeze Canadian Households Further

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_servicesSee omnystudio.com/listener for privacy inform

Jul 29, 2023 • 1:14:26

Canadian Oil, Economic Prosperity, and Navigating the Energy Transition

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

Jul 21, 2023 • 1:11:00

The Hits Keep Coming, Bank of Canada Delivers Another Rate Hike

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-66787

Jul 14, 2023 • 1:07:10

Financial Watchdog Asks Canadian Banks to Ease Pain on Mortgage Holders

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

Jul 7, 2023 • 1:01:38

Higher for Longer Interest Rates Will Create a lot of Winners and Losers

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=oddtdtcrea

Jun 30, 2023 • 1:09:16

Bond Yields Surge Higher as Central Banks Coordinate More Rate Hikes

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.

Jun 23, 2023 • 1:03:49

The Great Canadian Credit Boom Comes to an End

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.

Jun 16, 2023 • 1:12:22

The Bank of Canada Shocks The Bond Market- w/ guest Robert Asselin

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/looniehourSee omnystudio.com/listener for privacy information.

Jun 9, 2023 • 1:08:42

Canada's Population Boom Puts Pressure on the Bank of Canada

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. See omnystudio.com/listener for privacy information.

Jun 2, 2023 • 1:16:17

Rate Hikes Have Not Yet Hit Most Canadian Households

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.

May 26, 2023 • 1:03:11

Pressure Mounting for Bank of Canada to Raise Interest Rates Again

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.

May 19, 2023 • 1:13:28

The Bank of Canada Moves Closer to a Central Bank Digital Currency

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.

May 12, 2023 • 1:04:17

Fed Hikes Rates Despite Banking Crisis Spreading

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.

May 5, 2023 • 58:58

Canadian Wages are Dropping at an Alarming Pace

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.

Apr 28, 2023 • 52:18

A Nation Failing To Reach it’s Potential- with guest Erin O’Toole

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.

Apr 21, 2023 • 1:10:03

Bank of Canada Calls For Very Soft Landing

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.

Apr 14, 2023 • 1:01:08

TD Bank Becomes The Worlds Most Shorted Bank

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.

Apr 7, 2023 • 1:04:35

Big Deficit Spending Will Put Pressure on the Bank of Canada

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/looniehourSee omnystudio.com/listener for privacy information.

Mar 31, 2023 • 1:04:13

Canada Has a Massive Opportunity in the Energy Sector

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

Mar 24, 2023 • 1:13:01

Banking Crisis Puts Pressure on Central Banks

Banking crisis spreading across the US and more issues at Credit Suisse. Is this an isolated event or a potential contagion? What are the market implications for Canada? Bond yields are falling. The ECB raises rates. Canadian Real Estate Prices drop 15%, new listings hit 20 year lows.  Buy NordVPN and win extra subscription time https://nordvpn.com/looniehour  See omnystudio.com/listener for privacy information.

Mar 17, 2023 • 1:09:39

A Weaker Canadian Dollar is on the Horizon

The Bank of Canada keeps rate hikes on pause, threatening a weaker currency as other central banks push forward with higher rates. What does this mean for the typical Canadian household? Important Jobs numbers are released. Inflation upside risks. Continued bull market for Canadian energy?See omnystudio.com/listener for privacy information.

Mar 10, 2023 • 55:21

Stagflation Grips the Canadian Economy

Canada's GDP was flat in Q4, falling well below the Bank of Canada's forecast. The housing market continues to be starved of inventory as sellers attempt to hold out market conditions. Extend and pretend, amortizations are growing at Canadian banks. Inflation remains sticky across the US and Euro Zone as growth slows. See omnystudio.com/listener for privacy information.

Mar 3, 2023 • 59:26

A Social Crisis is Brewing in this Country

Inflation in Canada surprised to the downside. However, shelter and food inflation, two things you can't live without- remain elevated. The public sector continues to grow as the entrepreneurial spirit stagnates. Commercial Real Estate remains under pressure. The Market is now more hawkish than the Fed. See omnystudio.com/listener for privacy information.

Feb 24, 2023 • 1:07:41

Central Banks Have Not Yet Won The Fight on Inflation

National home prices in Canada continue to slide, falling 12% on a yearly basis, the deepest slide on record. Signs of sticky inflation persist, suggesting the Bank of Canada might still have more work to do on interest rates. The Wealth gap could explode higher in the next recession. Could interest income from high interest rates actually be easing financial conditions? See omnystudio.com/listener for privacy information.

Feb 17, 2023 • 1:06:52

The Default Cycle Has Just Begun

A big Vancouver Real Estate Developer goes belly up on over $700M in debt. Is this the canary in the coal mine? The Bank of Canada admits they had to pause over extreme household indebtedness. The Fed says disinflation is underway. The yield curve is now the most inverted since the 1980's.Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/listener for privacy information.

Feb 10, 2023 • 59:34

What's Lurking in the Canadian Mortgage Market? With Guest Ron Butler

More rate hikes from the Fed, the ECB, and the Bank of England. Are markets overly optimistic about the future of interest rates? Is the Canadian housing market nearing a bottom? We have Ron Butler join us for a guest interview to discuss the good, the bad, and the ugly in the Canadian mortgage market. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/listener for privacy

Feb 3, 2023 • 1:05:36

The Bank of Canada Signals a Pause and Takes a Victory Lap

The Bank of Canada has raised interest rates another 25bps but has signalled they will pause and hold from here. What does this mean for housing and financial conditions? Is a soft landing achievable or wishful thinking? Consumer confidence is increasing but models suggest there is still near a 50/50 chance of a US recession this year. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee o

Jan 27, 2023 • 1:00:15

Is this the Last Interest Rate Hike From The Bank of Canada?

National house prices continued their slide in December and are now down 17% since peaking. Inflation continues to fall but businesses don't believe we will see 2% inflation anytime soon. Twinkie bets are out, the Bank of Canada is poised for a rate hike next week. Investors are lining up to withdraw nearly $20B worth of funds from private Real Estate.Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r

Jan 20, 2023 • 1:07:06

The Wealth Effect Created One Third Of Inflation

CPI inflation in the US continues to decelerate, right in line with expectations. We discuss the market implications and guess where inflation could be later this year. Canadian Bank CEO's send out a warning to regulators over vulnerable borrowers. The Fed says rising house prices created a wealth effect that boosted inflation. Meanwhile, another central banker says it's not their job to fight climate change. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you

Jan 13, 2023 • 54:51

More than Half of Borrowers Went With a Variable Mortgage at The Peak of The Market

Toronto and Vancouver home sales fell nearly 50% in the month of December. The comps are going to look awful from now until March. Is the Fed looking in the rearview mirror? Why the jobs data is lagging and why it's possible inflation can come down quicker than we might expect. Another recession signal just flashed red. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/li

Jan 6, 2023 • 57:20

Forecasting Another Year of Volatility in 2023

Liquidity is scarce to end the year. Stocks are down, bond yields are rising once again. Delinquencies are set to rise. The boys discuss the outlook for 2023 and provide some forecasts on possible scenarios.Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURRegister for Loonie Hour Social Hour/ Q&A January 4th: https://us02web.zoom.us/webinar/register/WN_d39wW5vlRAma-wXUWRvIMgSee omnystudio.

Dec 30, 2022 • 1:00:09

Canada Population Growth Hits 50 Year High As Recession Looms

Canada added over 800,000 people to the population, the largest increase going back to the 1970s. The economic machine that is immigrating people and selling them housing continues to churn. CPI inflation remains rather sticky, leaving the Bank of Canada with some difficult decisions in January. Stock market volatility remains elevated as recession risks remain firmly anchored. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bi

Dec 23, 2022 • 1:00:59

A Decade of Zero Returns for Passive Investors?

National home prices continue to slide lower, now down 16% since peaking in March. US headline inflation continues to move lower but the Fed ain't pivoting! More rate hikes from the US, Europe and England this week. Could passive investors see little to no returns for several decades?Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/listener for privacy information.

Dec 16, 2022 • 1:07:40

Interest Rates Have Likely Peaked, What's Next For the Canadian Economy?

The Bank of Canada raised rates another 50bps, however they are now signaling a pause is in order. What are the implications for markets moving forward? More stress in the housing market, government spending sprees, and the probabilities of a financial crisis. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/listener for privacy information.

Dec 9, 2022 • 1:05:03

Is The Bank of Canada Ready To Hit Pause?

Canadian GDP growth slows ahead of Bank of Canada rate hike next week. Is the Bank of Canada nearing the end of their rate hike cycle? Retail sales are flat over the past few years and housing is now falling. Jerome Powell readies the market for an easing, bond yields fall as growth slows.Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/listener for privacy information.

Dec 2, 2022 • 1:05:07

Nearly 13% of all Mortgages in Canada Have Become Interest Only Loans

Bank of Canada says half of fixed payment variable rate mortgages have reached their trigger rates and this means that about 13% of all outstanding mortgages are interest only, paying no principal. Meanwhile, the BC Government introduces more housing changes. And China is back into lockdown threatening the outlook for oil demand. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnyst

Nov 25, 2022 • 1:03:50

Some of the Smartest Investors Get Duped By Massive FTX Crypto Fraud

National house prices slid lower in October, bringing the total price decline to 15% since peaking earlier this year. Some lenders are starting to lay off staff as mortgage applications dry up. While inflation has peaked, recent data suggests it remains quite sticky at 6.9% year-over-year. Meanwhile, the lads discuss the ongoing fraud story of FTX. Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/L

Nov 18, 2022 • 1:02:39

One of Canada’s Largest private mortgage lenders Freezes Investor Redemptions

Romspen, one of Canada’s prominent private mortgage lenders with $3.2-billion in assets under management, is freezing investor redemptions, citing some trouble with loan repayments. Anecdotal evidence is piling up for a hard landing in Canada. Everywhere you look there is something blowing up, including FTX which was the worlds second largest crypto currency exchange. Inflation continues to turn lower with US CPI dropping more than expected in October. Sign up for Shakepay with the promo code:

Nov 11, 2022 • 1:02:37

Interest Rates Need to Go Higher, Powell Crushes Stock Market

The Fed raised rates another 75bps and says there is still work to be done. Keith makes the case for a hard landing in the months ahead. Big tech stocks continue to get crushed. Meanwhile, the Canadian government has promised to ramp up immigration targets to 500,000 by 2025, with part of the objective to support the housing market. Affordable housing be damned! Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://s

Nov 4, 2022 • 58:20

Did the Bank of Canada Just Wave the White Flag?

The Bank of Canada hiked a dovish 50bps this week, contrary to market expectations for a larger move. Is the Bank of Canada the first to throw in the towel? What are the implications for the Loonie? Meanwhile, new home sales are tanking in Canada, falling more than 90% in Toronto. Financial stability risks are increasing as we await another jumbo hike from the US Fed next week.Live Event at the Hockey Hall of Fame is now SOLD OUT! Thank you!!See omnystudio.com/listener for privacy information.

Oct 28, 2022 • 59:43

Inflation Coming Down Too Slowly For The Bank of Canada

Canadian inflation continues to decelerate on a rate of change basis but it's coming down too slowly for markets. This is setting the Bank of Canada up for another jump rate hike next week. National house prices continue to slide lower as mortgage rates move towards 6%. Troubles continue to brew in Japan and the UK as sovereign debt issues mount.Loonie Hour Live at Hockey Hall of Fame Tickets:https://www.eventbrite.com/e/the-loonie-hour-live-at-the-hockey-hall-of-fame-tickets-444973617067See omn

Oct 21, 2022 • 1:04:52

Canadian Government Faces Surging Interest Payments

Another hot inflation print out of the US will keep the Fed from pivoting. Rates are moving higher and we should see 6% mortgage rates in Canada come November. How will the economy digest this? Interest expenses are surging not just at the household level but at the sovereign level. This is where the risks are today.See omnystudio.com/listener for privacy information.

Oct 14, 2022 • 1:09:17

Bank of Canada Says Another Jump Rate Hike Coming in October

Tiff Macklem says more rate hikes are coming and the job is not done yet. When was the last time a central bank engineered a soft landing? We are nearing a financial mishap. What do Canada's smartest housing people think about the future of the Real Estate market?See omnystudio.com/listener for privacy information.

Oct 7, 2022 • 1:02:42

Financial Markets Just Broke & The Economy Is Next

Turmoil in the UK as surging interest rates nearly collapsed the entire pension system. The Bank of England is now doing QE with double digit inflation. Pressure is mounting on the Fed but there is no imminent pivot. Canadian GDP remains flat despite record immigration growth, human stimulus is masking a recession.See omnystudio.com/listener for privacy information.

Sep 30, 2022 • 1:17:05

The Fed Wants Stocks And House Prices To Keep Dropping

National house prices in Canada have now endured their largest correction dating back to 2005. Meanwhile, the Fed hiked rates another 75bps and has made it clear it wants stocks and house prices lower. Currency markets are going crazy. Buckle up, things are about to get interesting.See omnystudio.com/listener for privacy information.

Sep 23, 2022 • 1:05:58

Canadian Households Lost Nearly $1T in Wealth Last Quarter

Canadian household wealth fell by nearly one trillion last quarter with house prices dropping. More cheques are coming in the mail to fight inflation, and with that more rate hikes from the central banks too! Inflation is trending lower but remains sticky, and something markets will be paying close attention to.See omnystudio.com/listener for privacy information.

Sep 16, 2022 • 1:00:37

Bank of Canada Delivers Another Massive Rate Hike Into Debt Bubble

The Bank of Canada, Australia and the Euro zone all raised interest rates this week. The US dollar continues to strengthen, placing stress on some of the worlds major currencies. We are only six months into this rate hiking cycle but already stresses are emerging in various corners of the market.See omnystudio.com/listener for privacy information.

Sep 9, 2022 • 59:22

Bank of Canada To Deliver Another Jumbo Rate Hike Next Week

Twinkies are on the line, as the gents place their wagers for the Bank of Canada next week. A surprise miss on Q2 GDP in Canada suggests further weakness for Q3. No Fed pivot coming suggests more pain ahead as the bear market rally fades.See omnystudio.com/listener for privacy information.

Sep 2, 2022 • 1:00:03

Canadian Banks Positioning for Soft Landing?

Canadian banks announced earnings and are increasing their loan loss provisions, but likely not enough considering the outlook for the nations housing market. The Canadian dollar continues to perform well thanks to the energy bull market. Europe is bracing for a deep recession and a full blown energy crisis.See omnystudio.com/listener for privacy information.

Aug 26, 2022 • 1:02:25

Canadian Housing Market Dropping at Quickest Pace since 1980's

Seasonally adjusted average house prices have now dropped the most since the 1980's. Inflation is subsiding but central banks are determined to push ahead, even if it means creating a recession. China is facing deep economic issues and cut interest rates. Inflation hits double digits in England and Germany turns on the Nuclear reactors.See omnystudio.com/listener for privacy information.

Aug 19, 2022 • 59:24

Bear Market Rally On Softer Inflation Data

US inflation has made the turn and is now trending lower, but will it fall enough to allow central banks to pivot? Markets are ripping on potentially false hopes. Commodities continue to look favourable over the medium term, and more bearish predictions for the Canadian housing market.See omnystudio.com/listener for privacy information.

Aug 12, 2022 • 55:20

Bubbles Are Bursting in Two of the Largest Housing Markets

Will the Central banks cave on their inflation mandate in the eyes of weakening economic data? The Bank of England just raised interest rates 50bps and says a recession is all but guaranteed for the fourth quarter and that it will last well into next year. The Canadian housing market continues to roll over, with both Vancouver & Toronto Real Estate markets experiencing multi-decade lows in housing sales. Toronto house prices dropped nearly 4% in the month of July. Financial stresses continue to

Aug 5, 2022 • 1:02:36

The Recession is Here, When Will Central Banks Pivot?

The US federal Reserve raised interest rates another 75bps. More interestingly is that Powell will be removing forward guidance, and all future rate hikes are now data dependent. The US then recorded the second consecutive quarter of negative GDP, indicating a technical recession. Bond yields are falling on the news, and the all important Canada 5 year bond yield is now down nearly 100bps since peaking last month, indicating an upcoming decline in fixed rate mortgages.See omnystudio.com/listener

Jul 29, 2022 • 56:50

The End of Negative Rates In Europe & Bank Runs in China

CPI inflation in Canada came in at a 40 year high, but was below market expectations. Has inflation peaked from a rate of change perspective? Meanwhile, in the economic fantasy land that is the European Union, the ECB raised rates by 50bps, brining interest rates to zero. The end of negative rates in Europe is officially here. China bank runs and a property bubble threaten stability across the globe. See omnystudio.com/listener for privacy information.

Jul 22, 2022 • 1:01:31

Bank of Canada Shocks Markets With Largest Rate Hike in 24 Years

The Bank of Canada shocked markets with a 100bps rate hike, the largest rate hike since 1998. Variable rate mortgages are going up and we could soon see fixed payment mortgages get triggered with sudden payment increases. Meanwhile, the USD continues to be the global wrecking ball as investors take a risk-off stance.See omnystudio.com/listener for privacy information.

Jul 15, 2022 • 1:01:55

Food Inflation Leading To Social Unrest Across The World

Fixed Mortgage rates appear to have finally peaked and are now moving lower as markets price in an economic recession. The first major Canadian bank has now unveiled a recession call for 2023, will the other banks follow? Energy prices, rampant food inflation, and government policy are creating social unrest as protests break out across parts of the world.See omnystudio.com/listener for privacy information.

Jul 8, 2022 • 1:00:05

Are We Already In A Recession?

Latest data from the Atlanta Fed is suggesting we might already be in a recession. Meanwhile, home sales continue to slow in suburban housing markets, and stresses are rising in the corporate bond market with spreads widening to levels last seen in 2018 when the Fed was forced to pivot. Happy Canada Day Loonie Hour Community!See omnystudio.com/listener for privacy information.

Jul 1, 2022 • 1:03:40

Are Markets Finally Pricing In An Economic Downturn?

Canada's inflation rate ripped higher once again, hitting 7.7% year-over-year and surpassing market expectations yet the 5 year bond yield fell on the news and has been declining in recent weeks. Have we seen a top in bond yields? Price action across commodities also suggests the inflation story may now be transitioning to an economic slowdown.See omnystudio.com/listener for privacy information.

Jun 24, 2022 • 1:01:18

Sovereign Debt Bubbles Ready To Pop

The Bank of Canada Threatens To Break The Housing MarketThe Federal Reserve raises rates by 75bps the largest rate hike since 1994. The Swiss National Bank also shocked with a 50bps rate hike. Sovereign debt bubbles are now facing immense pressure, particularly in Europe and Japan. The crypto market is imploding and the tech sell-off continues. Canadian Real Estate prices fall for second consecutive month. See omnystudio.com/listener for privacy information.

Jun 17, 2022 • 58:14

The Bank of Canada Threatens To Break The Housing Market

More hawkish rhetoric from the Bank of Canada as they prep for another rate hike. Mortgage rates in Canada are now at their hightest levels in 2008 and some banks are pulling the cord. Meanwhile, the Euro Zone preps for to hike rates to zero as inflation surges. See omnystudio.com/listener for privacy information.

Jun 10, 2022 • 1:00:41

Will The Bank of Canada Get Interest Rates To 3% This Year

The Bank of Canada raised interest rates another 50bps this week. They remain very hawkish and suggest that interest rates may need to go north of 3% in order to get inflation down. Meanwhile, housing in Canada continues to slow. Financial repression continues in Europe and debt forgiveness in the United States. See omnystudio.com/listener for privacy information.

Jun 3, 2022 • 1:05:04

Households Are Tapping Out Under Inflationary Pressures

The boys predict what the Bank of Canada will do at their meeting next week. Oil prices continue to strain global markets and governments are reacting as expected with helicopter money and taxes on corporate profits. See omnystudio.com/listener for privacy information.

May 27, 2022 • 1:06:30

Central Banks Can’t Print More Oil & Wheat

Inflation in Canada ticket higher once again, running at three decade highs. Food and shelter inflation is also increasing, creating social and political pressures. The Canadian housing market continues to slow. See omnystudio.com/listener for privacy information.

May 20, 2022 • 56:33

Risk Happens Fast, $35 Trillion of Wealth Evaporated

All hell has broken loose in the crypto market. One of the most popular Crypto projects, Luna, has basically gone to zero. Losses are piling up, but not just in crypto. Year to date, $35 trillion of global market value has been erased. Dollar pegs are under pressure across the world as we get closer to a financial accident. This episode was recorded live in Vancouver!See omnystudio.com/listener for privacy information.

May 13, 2022 • 48:52

Fed Hikes, Asset Markets Tumble

The Fed raised rates by 50bps and said another 50bps should be on the table for the next couple of meetings. Meanwhile, equity markets continue to sell-off and there are signs that bank lending is tightening in a big way. Loonie Hour Live Event Tickets:https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447See omnystudio.com/listener for privacy information.

May 6, 2022 • 59:14

The Japanese Yen is Signaling Troubles Ahead

Troubles are brewing in Japan as the Yen continues to depreciate against a surging USD, falling to a 20-year low. Cracks are also starting to surface in China. Keep in mind all of this is happening with the Fed having raised rates a mere 25bps.Loonie Hour Live Event Tickets:https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447See omnystudio.com/listener for privacy information.

Apr 29, 2022 • 56:53

Yield Curve Control or Currency Crisis, The Central Bankers Dilemma

Inflation hits 30 year high in Canada, more rate hike increases expected. Are we nearing the detonation of the sovereign debt bubble? Plus more musings in China, Europe and Japan.Loonie Hour Live Event Tickets:https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447See omnystudio.com/listener for privacy information.

Apr 22, 2022 • 54:22

Canada’s Housing Market in the Crosshairs of Tiff Macklem

Canada’s Housing Market in the Crosshairs of Tiff MacklemThe Bank of Canada raised rates by 50bps, the largest move in over 20 years. How far will they go? In this episode we discuss the likelihood of a financial mishap and the concerning outlook for the nations housing market. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-

Apr 15, 2022 • 55:01

The Federal Government Unveils Rosy Budget Projections

The updated Federal Budget was announced with some optimistic projects and of course, housing tweaks. In this episode we discuss what this means for the typical Canadian. Also, some Twinkie bets on what on the Bank of Canada will do next week.Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469The Loonie Hour

Apr 8, 2022 • 57:40

Policy Makers Are Screwed Either Way, Bond Holders Will Pay The Price

Mortgage rates continue to rip higher and will hit home buyer demand in the months ahead. Canadian households remain more vulnerable than their peers in the US. Meanwhile, currency wars are emerging as central bankers grapple with how to tackle rising rates and inflation. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-h

Apr 1, 2022 • 1:02:23

Surging Mortgage Rates Could Break Canadian Real Estate

Mortgage rates are ripping, what happens when they hit 4% here in Canada? Meanwhile, Trudeau and Jagmeet partner up to create a deficit spending machine. We discuss the implications and the outlook for the Canadian economy. Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469The Loonie Hour on Google Podcasts:

Mar 25, 2022 • 54:33

Waiting for the Detonation, Central Banks Turn Hawkish

The Fed has officially begun raising interest rates with what is expected to be many more by year end. How will this play out? Meanwhile an update on the Canadian housing market and the job millennials should be consideringListen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469The Loonie Hour on Google Podcasts:

Mar 18, 2022 • 52:52

Are We Setting up for a New Monetary System?

Commodity inflation will put central bankers in an uncomfortable spot in the coming months. We are seeing currencies being debased at a rapid pace, setting the stages for Bretton Woods 3. What does this look like? The gents discuss in this weeks episode. Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469The

Mar 11, 2022 • 57:01

Liftoff! Bank of Canada Begins Rate Hiking Cycle

For the first time since 2018 the Bank of Canada has begun raising interest rates. In this weeks show we analyze the move and make predictions on the path of rate increases moving forward. We also chat about the war in Ukraine and how it is adding to inflationary pressures and a huge bull run for commodities. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://pod

Mar 4, 2022 • 53:59

The Invasion Has Begun, Macro Chess, and the Central Bankers Dilemma

Russia has officially invaded Ukraine. What does this mean for markets and for Canada? Is this the air cover central banks were looking for? The gents also weigh in on the Trudeau pivot, removing the emergency act. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 #TheLoonieHour #Macroeconomics #Personal

Feb 25, 2022 • 56:51

Recession Signals, Oil Bulls, & Ukraine

The yield curve is flattening which is pointing towards possible recession signals ahead. Meanwhile, Rich lays out the bullish thesis for oil and the possible impacts on the Calgary housing market. Keith provides an overview of the tensions brewing in Ukraine. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591

Feb 18, 2022 • 1:01:02

The Global Sovereign Debt Bubble

US inflation ripped to a 40 year high and central bankers are going to react by hiking interest rates on top of a global sovereign debt bubble. There won't be a Paul Volcker moment this time around though. We also chat stocks and crypto. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie Hour o

Feb 11, 2022 • 59:05

Truckers in Ottawa, Wealth Gaps, and The Fourth Turning

The trucker convoy has landed in Ottawa. What are the implications from a societal, political, and financial perspective? Meanwhile, Canada's banking regulator says home prices could drop 10 to 20% in certain markets.Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469The Loonie Hour on Google Podcasts: https:

Feb 4, 2022 • 55:48

The Bank of Canada Shocks The World, But Not The Loonie Hour

The Bank of Canada shocked many in the financial world when they kept rates on hold this week. People were seriously pissed off. However, the gents at the Loonie Hour saw this coming. In this week's episode, we discuss the implications of this policy decision and what we expect moving forward.Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/p

Jan 28, 2022 • 52:14

The Bank of Canada Will Tighten Into Market Turmoil

Every mainstream bank economist is calling for aggressive rate hikes from the Bank of Canada. How far will they get? Meanwhile, national home prices ripped 26% and inflation touched its highest level in 30 years here in Canada land. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 The Loonie Hour on Goo

Jan 21, 2022 • 1:10:31

Inflation Hits 40 Year Highs and Housing Bubble Trouble

Inflation hit 7% in the US, a 40 year high. We can expect a similar print coming to Canada very soon. Meanwhile, the Canadian bank execs are pleading with the Bank of Canada to begin hiking rates in order to suck the speculative euphoria out of the housing market.Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591

Jan 14, 2022 • 1:05:08

Record Home Sales and Quicker Rate Hikes

The US Federal Reserve is getting revved up and pushing rate hikes forward. Expect volatility ahead as markets digest all of this. Nearly every other central bank will have to follow, including Canada. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469 #TheLoonieHour #Macroeconomics #PersonalFinanceCanadaS

Jan 8, 2022 • 58:35

The Loonie Hour Forecasts The Year Ahead

We're back for our final episode of this year. The lads make some predictions for the year ahead, including home prices, central bank interest rates, emerging markets, and US politics.Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469#TheLoonieHour #Macroeconomics #PersonalFinanceCanadaSee omnystudio.com/lis

Dec 31, 2021 • 1:08:07

Rolling Lockdowns Across Canada, Now What?

The Covid lockdowns are back across Canada. What does this mean for future growth and interest rates? Are we losing faith in our institutions and are we in the midst of the fourth turning? Listen to The Loonie Hour on your favorite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.com/ca/podcast/the-loonie-hour/id1591470469#TheLoonieHour #Macroeconomics #PersonalFinanceCanadaSee omnystudio.c

Dec 24, 2021 • 57:54

The Canadian Government Unveils a Fiscal Debt Bomb

The Bank of Canada updated their monetary policy framework, joining hands with the Federal Government. Canada's debt situation is an utter mess with no exit strategy. The Federal government is expected to run a $144B deficit this year. Meanwhile, house prices continue to rip, up 25% from last year.Listen to The Loonie Hour on your favourite podcast platform:The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hour on Apple Podcasts: https://podcasts.apple.c

Dec 17, 2021 • 1:05:17

Inflation Expectations Are at a 20 Year High in Canada and the BoC Isn't Budging

Consumer inflation expectations are at a 20 year high and the Bank of Canada continues to push back saying they won't raise interest rates until mid 2022 at the earliest. Meanwhile, business are expecting to push prices up next year near 5%. The Omicron variant is being used an excuse to hold firm. Meanwhile, the national housing market continues to rip, creating systemic vulnerabilities.Listen to The Loonie Hour on your favourite podcast platform:The Loonie Hour on Spotify: https://open.spotify

Dec 10, 2021 • 56:57

Higher Wages & Higher Taxes are in Canada's Future

Higher wages are coming to Canada. As the workforce ages there will be a shortage of workers, which means Canada will also rely more heavily on immigration. Meanwhile, many municipalities across the country are suffocating with too much debt and not enough revenues. This is despite record low borrowing costs and sky high real estate prices. Governments are actively looking for more tax revenues and property will be at the forefront. Listen to The Loonie Hour on your favourite podcast platform: T

Dec 3, 2021 • 52:14

Who's Responsible For Canada's Housing Bubble

The Bank of Canada is now blaming Real Estate investors for pushing home prices higher. But who is really to blame? In this argument we discuss the one policy tool never discussed by the media, the cost of borrowing. Keith argues a stronger US dollar is coming, potentially creating a sell-off in risk assets which might give breathing room for major central banks to keep interest rates at zero. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.

Nov 26, 2021 • 53:03

Food Inflation & Cancelling The Debt

Canada's food inflation is about to get worse, at least for those living in BC. A once in a lifetime flood has wiped out farmland in the province of BC and threatens supply chains even further. We also discuss how a currency crisis could spark a rise in bond yields and how central banks might have to eventually own all the government debt and cancel it?Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The

Nov 19, 2021 • 45:12

A Financial Accident is Brewing, The Case For Deflation

We all know inflation is running hot. Is there still a case for deflation? We argue a financial mistake is still a real threat and that could bring a wave of deflation and perhaps even more printing.See omnystudio.com/listener for privacy information.

Nov 13, 2021 • 58:46

Canada needs Oil as much as it needs Real Estate

The energy sector in Canada contributes to nearly 25% of GDP. We sell oil and gas to pay for the goods we buy from other countries, ultimately improving our standard of living. So why is the Government so keen on choking off investment into this sector?See omnystudio.com/listener for privacy information.

Nov 5, 2021 • 53:56

Is this the End of Money Printing For Canada?

The Bank of Canada has announced the end of QE but will continue the reinvestment phase. Interest rates are poised to rise in 2022. How will this all play out?See omnystudio.com/listener for privacy information.

Oct 29, 2021 • 52:13

Inflation Hits 18 Year High In Canada

Still nothing final here, let me know if you have any ideas but usually it’s your socials first, subscribe button, etc.#TheLoonieHour #Macroeconomics #BankofCanadaSee omnystudio.com/listener for privacy information.

Oct 22, 2021 • 41:58

Is The Bank of Canada Cornered?

Still nothing final here, let me know if you have any ideas but usually it’s your socials first, subscribe button, etc.#TheLoonieHour #Macroeconomics #BankofCanadaSee omnystudio.com/listener for privacy information.

Oct 15, 2021 • 42:15