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 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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November 4, 2022

Interest Rates Need to Go Higher, Powell Crushes Stock Market

The Fed raised rates another 75bps and says there is still work to be done. Keith makes the case for a hard landing in the months ahead. Big tech stocks continue to get crushed. Meanwhile, the Canadian government has promised to ramp up immigration targets to 500,000 by 2025, with…

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October 28, 2022

Did the Bank of Canada Just Wave the White Flag?

The Bank of Canada hiked a dovish 50bps this week, contrary to market expectations for a larger move. Is the Bank of Canada the first to throw in the towel? What are the implications for the Loonie? Meanwhile, new home sales are tanking in Canada, falling more than 90% in…

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October 21, 2022

Inflation Coming Down Too Slowly For The Bank of Canada

Canadian inflation continues to decelerate on a rate of change basis but it’s coming down too slowly for markets. This is setting the Bank of Canada up for another jump rate hike next week. National house prices continue to slide lower as mortgage rates move towards 6%. Troubles continue to…

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October 14, 2022

Canadian Government Faces Surging Interest Payments

Another hot inflation print out of the US will keep the Fed from pivoting. Rates are moving higher and we should see 6% mortgage rates in Canada come November. How will the economy digest this? Interest expenses are surging not just at the household level but at the sovereign level.

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October 7, 2022

Bank of Canada Says Another Jump Rate Hike Coming in October

Tiff Macklem says more rate hikes are coming and the job is not done yet. When was the last time a central bank engineered a soft landing? We are nearing a financial mishap. What do Canada’s smartest housing people think about the future of the Real Estate market?  …

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