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.

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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December 30, 2022

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.

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December 23, 2022

Canada’s Population Growth Hits a 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…

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December 16, 2022

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 the week. Could passive investors see little to no returns for decades?…

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December 9, 2022

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.

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December 2, 2022

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…

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November 25, 2022

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…

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November 18, 2022

Some of the Smartest Investors Get Duped By the 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…

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November 11, 2022

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 world’s second…

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