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.
May 26, 2023
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…
Listen NowMay 19, 2023
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 hote seat. Meanwhile 75% of variable rate mortgages have hit thier trigger rate. The Federal Government made a colossal error in issuing debt at the short end of…
May 12, 2023
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…
May 5, 2023
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…
April 28, 2023
Canadian Wages are Dropping at an Alarming Rate
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…
April 21, 2023
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.
April 14, 2023
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 inflation is proving to be sticky. Warren Buffett takes a surprise…
April 7, 2023
TD Bank Becomes the World’s Most Shorted Bank
Sweeping Policy changes are coming on the housing supply front in Vancouver. Meanwhile, TD Bank has become the world’s most shorted bank stock, facing $3.7B of short interest. Is the end of the US Dollar? Dutch Farmer Revolt!…
March 31, 2023
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 issues…
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