July 21, 2023
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.
July 14, 2023
The Hits Keep Coming, Bank of Canada Delivers Another Rate Hike
The Bank of Canada raises 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.
July 7, 2023
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 starts in Vancouver & Toronto point to a market that is slowing. The ISM continues to roll over. Waiting for non-farm payrolls to drop. Canada plans…
June 30, 2023
Higher for Longer Interest Rates Will Create a lot of Winners and Losers
Ficxed mortgage rates still moving higher. Population growth hits 1.2 million 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.
June 23, 2023
Bond Yields Surge HIgher as Central Banks Coordinate More Rate Hikes
Central Banks coordinate higher rates. Bond yields suddently ripping higher once again. The Bank of Canada says housing prices concern them. Housing set to slow with mortgage stress tests nearing 8%. Where is the recession. Liquidity is actually increasing, pushing stocks higher.
June 16, 2023
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.
June 9, 2023
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.
June 2, 2023
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 murkey outlook.
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…