Featuring Keith Dicker, Steve Saretsky, and Richard Dias
The Loonie Hour
The Loonie Hour is a Canadian based global macro and geopolitical podcast covering newsworthy events across the globe and how they will impact Canadians.
December 20, 2024
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 trarget won’t be hit until 2027. Coal usage hits record highs on Chinese demand.
Listen NowDecember 13, 2024
Bank of Canada Will Keep Cutting Rates Into a 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 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.
December 6, 2024
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 stikes. Powell at the Fed signals rate cuts might be over. Bank of Canada on deck next week.
November 29, 2024
Canadian Eneegry Sector faces Trump Tarrifs – w/guest Heather Exner-Pirot
Vibecession in Canada. Jobs not keeping pace with immigration. Emissions cap and trump tarriffs, 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.
November 22, 2024
Real Estate Developers are Failing at an Alarming Rate
Developers 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.
November 15, 2024
Canadian Pensions Facing Financial Repression
The Canadian Dollar continues to weaken. Canada Pension plans get political, potentially locking capital in Canada. The German economy continues to sputter. Housing activity bounces on rate cut optimism.
November 8, 2024
How Canada’s Immigration System Imploded – w/ guest Mikal Skuterud
Canada’s immigration denise 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 and gas sector, implementing defacto production caps.
November 1, 2024
The Canadian Dollar Falls to a Four Year Low
The Canadian dollar has tumbled to its lowest levels in 4 years. Canada’s GDP slows setting the stage for another rate cut from the Bank of Canada. The US election to bring increased volatility to financial markets. The UK gilt market gets its second warning. The German industrial base is…
October 25, 2024
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.
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