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.
March 3, 2023
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…
Listen NowFebruary 24, 2023
A Social Crisis is Brewing in This Country
Inflation in Canada surprised to the downside. However, shelter and food innovation, 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.
February 17, 2023
Central Banks Have Not Yet Won The Fight on Inflation
National home prices in Canada continue to slide, falling 12% on a yearly basis which is the deepest slide on record. Signs of sticky inflation persist, suggesting that Bank of Canada might still have more work to do on interest rates. The wealth gap could explode higher in the next…
February 10, 2023
The Default Cycle Has 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…
February 3, 2023
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…
January 27, 2023
The Bank of Canada Signals a Pause and Takes a Victory Lap
The Bank of Canada has raised interest rates another 25 bps but has signaled 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…
January 20, 2023
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…
January 13, 2023
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 CEOs send out a warning to regulators over vulnerable borrowers. The Fed says rising house prices created a wealth effect that…
January 6, 2023
More than Half of all 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…
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