The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.
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Canadians Head to the Polls in Record Numbers- w/guest Mainstreet Research
1:17:12
1:17:12
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1:17:12Record 7 million Canadians voted during advance polls. What are the key battleground areas? Can the Conservatives surprise pollsters and pull off a victory. The fiscal bazooka is coming, will the bond market revolt? We are joined by pollster Quito Maggi of Mainstreet Research. Check out Mainstreet Research Polling & Services Here: Visit https://www…
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Building Canada Into an Energy Superpower- w/ guest Doomberg
1:27:47
1:27:47
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1:27:47Canada inflation cools in March. Bank of Canada holds rates, signaling more uncertainty ahead. Will Mark Carney really unleash the Canadian energy sector? Our guest, Doomberg chimes in on the upcoming elections, ESG, and the fate of Canada's natural resource sector. See omnystudio.com/listener for privacy information.…
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Financial Markets in Turmoil Ahead of Canadian Elections
1:27:33
1:27:33
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1:27:33Stocks and Bonds down. Trump panics and pauses tariffs for 90 days. Is a China currency devaluation imminent? We also cover the upcoming federal elections in Canada and are joined by John Manley and David Herle for political commentary. Join the Ice Cap / Loonie Hour Webinar this April 21st! https://us02web.zoom.us/webinar/register/WN_DZsw6JwURYOqD…
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The Tariff War is Escalating Towards a New Monetary System
1:24:28
1:24:28
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1:24:28The tariff war goes global, what are the implications for various countries and the financial system? Stocks down, bonds up. Rate cut expectations increase. Mark Carney unveils his housing plan which includes paying for municipal development fees. Gas prices drop on removal of carbon tax. Pre-sale condo market unwinding. Start an investment portfol…
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Canadian Business Confidence Plunges to Decade Lows
1:15:27
1:15:27
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1:15:27Small businesses in Canada have never been more downbeat. Tariffs hit the auto sector hard. Is a recession part of the Trump fiscal plan? Bond yields push higher in Europe. Concern around job losses growing. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to l…
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The Changing World Order is Here- w/ guest Brent Johnson
1:26:24
1:26:24
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1:26:24How President Trump upended the world order and his strategy behind it. PM Carney to call an election this week. Canada CPI surges more than expected. The Fed holds rates for now. Canadian Banks tighten credit. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour t…
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Bank of Canada Abandons Inflation Mandate
1:05:45
1:05:45
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1:05:45Bank of Canada cuts rates again citing new crisis, and expects higher prices. Mark Carney is anointed the next Prime Minister. The carbon tax isn't going away. The oil & gas emissions cap is expected to kill 50,000 jobs. Doug Ford threatens to turn off the power. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Vis…
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Tariff volatility continues, freezing business investment. Housing slump deepens in Vancouver & Toronto. Germany unveils the fiscal bazooka, along with China. Political tensions rise. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more! Check out Sai…
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Canadian Banks Brace for Mortgage Renewal Wall
1:12:44
1:12:44
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1:12:44Canadian bank earnings reported modestly higher loan loss provisions, despite a wave of renewals coming. Tariffs talks are ramping back up with the US expected to hit Canada next week. The bond market is worried about weaker growth. The EU pleads with India. Crypto market crashes. Start an investment portfolio that's built to perform with Neighbour…
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Bank of Canada Will Have to Choose Between Inflation or Housing
1:08:29
1:08:29
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1:08:29Canadian CPI moved higher, setting up a squeeze higher this summer. High Speed Rail to Quebec? Universal Basic Income making a comeback in Canada. Entrepreneurs fleeing Canada. Could the US demand that counties purchase zero coupon bonds for military protection? The changing world order is here. Start an investment portfolio that's built to perform…
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Canadian Jobs Market is Weaker Than You Think
1:04:13
1:04:13
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1:04:13Immigration outflows are not being fully counted by stats Canada, making the labour market appear stronger than it is. Banks are now writing 100% LTV mortgages on new condos. US inflation is accelerating and the Fed is done cutting. Canada names their new Fentanyl Czar. Start an investment portfolio that's built to perform with Neighbourhood Holdin…
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Canada's Fentanyl Crisis & Corruption- w/guest Sam Cooper
56:08
56:08
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56:08Canada's top investigative reporter and fentanyl expert Sam Cooper joins the show. How bad is the fentanyl problem, what does Trump want to see, and who will become Canada's fentanyl Czar? Corruption runs deep as policy makers turn a blind eye to the deepening drug crisis. Start an investment portfolio that's built to perform with Neighbourhood Hol…
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Tariff Wars in Canada- w/ guest Danielle Smith
1:22:08
1:22:08
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1:22:08We are joined by Alberta Premier Danielle Smith to discuss trade negotiations, the currency, and our natural resources. The Bank of Canada cuts rates again. Policy makers preparing for helicopter money, and more global uncertainty. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com…
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Political Turmoil as Public Sentiment Swings to the Right
1:06:58
1:06:58
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1:06:58Canada's CPI inflation slowed in December. Will inflation perk up again this year? The bond market says one more rate cut for the Bank of Canada. Policy makers are swinging to the right as public sentiment shifts. Scrapping the Carbon tax and Capital gains tax. The UK debt market barreling towards a crisis provides insights for other western countr…
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Are Tariffs Looming on Canadian Oil?
1:06:46
1:06:46
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1:06:46Alberta refuses to sign on with Trudeau's proposed retaliatory tariffs. Toronto new condo sales hit 28 year lows as property taxes surge. Is Mark Carney the next prime minister already? US CPI cools, bringing relief to the bond market. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings…
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Trudeau Resigns, Leaving Parliament Frozen for Months- w/guest Kate Harrison
1:14:25
1:14:25
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1:14:25Unpacking the Trudeau prorogation. When will the next federal election be? Budget deficit is likely larger than $62B. Canadian oil exports to the US hit record highs. UK Gilt market having another crisis moment. China bond market forecasting more doom. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neig…
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Bond yields will tumble amidst debt deflation in China, propelling lower mortgage rates in Canada and higher house prices. The US stock market will see a large correction and usher in a recession in the US. The Euro will crash as the German economy sinks. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.n…
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Sovereign Debt Markets Facing Turmoil in 2025?
1:00:11
1:00:11
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1:00:11Bond yields rising as central banks cut rates. Canadian housing faces rising defaults in new construction space. China’s bond market flashes red, awaiting giant stimulus. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! See omnystudio.com/listener for pr…
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Chaos in Ottawa! Budget Deficit Explodes to $62B
1:12:14
1:12:14
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1:12:14Finance minister Freeland resigns, Trudeau government hangs in the balance. Budget deficit explodes to $62B, surpassing the fiscal guardrails. The Loonie tumbles dropping to 69 cents. The US Fed cuts rates, says inflation target won't be hit until 2027. Coal usage hits record highs on Chinese demand. Start an investment portfolio that's built to pe…
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Bank of Canada will Keep Cutting Rates into Falling Loonie- w/ guest Ben Rabidoux
1:07:40
1:07:40
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1:07:40Bank of Canada slashes rates by another 50bps. The Labour market is getting worse. The Fed might be done cutting rates later this year but the BoC isn't. Rents continue to drop in major metros. Record supply under construction. Immigration system needs an overhaul as asylum claims surge. Start an investment portfolio that's built to perform with Ne…
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Toronto Condo Completions are Heading to Zero by 2030
1:02:35
1:02:35
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1:02:35Housing sales plunging means no new housing by 2030. Former BoC governor Poloz says we are in a recession. Canadian businesses struggling with Canada Post strikes. Powell at the Fed signals rate cuts might be over. Bank of Canada on deck next week. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbou…
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Canadian Energy Sector Faces Trump Tariffs - w/ guest Heather Exner-Pirot
1:14:10
1:14:10
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1:14:10Vibecession in Canada. Jobs not keeping pace with immigration. Emissions cap and Trump tariffs, what is the fate of the Canadian energy sector? GST holiday gets a boost in Ontario. The Eurozone continues to circle the drain in large part due to poor energy policy. Check out Heather Exner-Pirot's Research Here: https://heatherexnerpirot.com/about St…
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Real Estate Developers are Failing at an Alarming Rate
1:09:14
1:09:14
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1:09:14Developer Insolvencies Surge to 10 year high. Private Credit funds shut the gates. Inflation ticks higher, stoking concerns for the Bank of Canada. No GST for the holidays, Trudeau opens up the cheque book. Budget deficit concerns increase. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodhol…
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Canadian Pensions Facing Financial Repression
1:06:51
1:06:51
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1:06:51The Canadian dollar continues to weaken. Canada Pension plans gets political, potentially locking capital in Canada. The German economy continues to sputter. Housing activity bounces on rate cut optimism. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! …
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How Canada's Immigration System Imploded- w/ guest Mikal skuterud
1:17:05
1:17:05
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1:17:05Canada's immigration demise was years in the making. Trump gets back to the White House, what are the market implications? Stocks, crypto and bond yields surge higher. The Federal government continues to punish the Oil & gas sector, implementing defacto production caps. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global A…
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The Canadian Dollar Falls to a Four Year Low
56:35
56:35
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56:35The Canadian dollar has tumbled to its lowest levels in 4 years. Canada GDP slows, sets the stage for another rate cut from the Bank of Canada. US election to bring increased volatility to financial markets. The UK gilt market gets its second warning. The German industrial base is suffocating. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit…
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Bank of Canada Delivers Jumbo Rate Cut- w/ guest Tian Yang
1:06:41
1:06:41
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1:06:41The Bank of Canada delivered a 50bps rate cut and signalled more to come. The Bond market hasn't budged. Money is still flowing out of China as the economy wobbles. The Trudeau government announces immigration cuts, population growth to zero next year. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, Novembe…
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Financial Markets Anticipate the Next Round of Easy Money
58:50
58:50
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58:50Canada CPI falls well below expectations, sets up a jumbo rate cut next week. European Central bank slashes rates again. Stocks, the USD dollar, and gold all rise on an easing of financial conditions. Will the bond vigilantes return? Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $1…
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Bond Yields, Oil Prices, and Inflation Moving Higher as Central Banks Cut Rates
55:28
55:28
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55:28The Federal government proposes an empty land tax. Former BoC deputy governor says 50bps cut is coming. Oil prices move higher along with long term bond yields. US CPI comes in hotter than expected. Central banks easing globally into higher inflation? Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November…
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The Race to Zero, Liquidity Measures Turning Higher
57:39
57:39
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57:39Central banks are aggressively easing and liquidity measures are turning up. Geopolitical conflict is ramping up, putting upwards pressure on oil prices, could this stoke another wave of inflation? Toronto and Vancouver Real Estate see rising inventory levels despite lower rates. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BM…
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Central Banks are Panicking to Inject Liquidity
1:01:19
1:01:19
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1:01:19OSFI removes mortgage stress test on renewals. The BC Government will help you buy a home. Has Canadian energy peaked? Microsoft bets big on Nuclear energy and AI. The Chinese have fired the liquidity bazooka to try and revive its economy. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based…
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Feds Prop Up Housing Bubble with Jumbo Mortgages- w/ guest Ron Butler
1:15:38
1:15:38
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1:15:38The federal government shocks the market by pushing CMHC insured mortgages up to $1.5M. The Bank of Canada finally gets inflation back down to 2%. The Federal Reserve surprises markets, cuts rates by 50bps. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and …
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The Canadian Labour Market Continues to Deteriorate
58:34
58:34
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58:34The unemployment rate moves higher. Rental and housing market continues to soften. The ECB cuts rates, more to come as the German economy weakens. US CPI comes in hotter than expected ahead of the Fed meeting next week. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in AU…
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Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau Bank of Canada Cuts, Rents Fall, and the NDP pulls the plug on Trudeau
54:52
54:52
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54:52The BoC cuts rates again, cautions home prices could rise. NDP kills the coalition with the liberal government, is a federal election coming soon? Rents falling in University cities, mortgage rates drift lower. US job market weakens as stock market wobbles. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, No…
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The Federal Government Pulls a U-Turn on Immigration
59:19
59:19
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59:19The Liberal government says they will change the temporary foreign worker program to slow immigration further. More signs of a weakening labour market. Canadian banks write off more bad loans. Toronto new home sales plunge to levels we've never seen before. Net zero without Chinese EV's. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3x…
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Fixing the Housing & Immigration Crisis- w/ guest Dr. Mike Moffatt
1:24:33
1:24:33
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1:24:33Canada CPI inflation comes in lower, cementing another rate cut from the Bank of Canada. Economist and political insider Dr. Mike Moffatt explains how housing and immigration went so wrong, so quickly, and how to fix it. US jobs data gets revised nearly 1 million jobs lower ahead of Powell speech. Check Out BMO's S&P 500 Index ZSP ETF Here: https:/…
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Canada’s Foreign Worker Program a Breeding Ground for Modern Slavery?
57:09
57:09
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57:09The UN accuses Canada's foreign worker program as modern slavery. The feds will convert these low skill immigrants to permanent residency status. Real Estate insolvencies surge to highest levels in more than two decades. Consensus calls for more rate cuts from the BoC and the Fed. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 B…
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Bank of Japan Rate Hike Sends Financial Markets into a Panic
1:10:25
1:10:25
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1:10:25The Yen carry trade blows up after BoJ announces surprise rate hike. Markets call for immediate rate cuts. AirBnb data in Canada suggests governments are misguided. Temporary foreign workers surge, pushing youth unemployment higher. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11…
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The Politics of Climate Change in Canada w/ guest David Knight Legg
1:22:27
1:22:27
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1:22:27Was the devastation of Jasper National Park avoidable? Who's to blame? What ails the Canadian economy, and how to cut the green tape. Lowering emissions globally will require Canadian LNG. Bond yields tumble, Fed set to cut, financial markets are moving. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, Novem…
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Bank of Canada Cuts Rates, Signals More to Come
58:27
58:27
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58:27The BoC cut rates, highlighting excess supply and concerns over a weakening labour market. The Canadian dollar continues to weaken, with more rate cuts expected. US GDP came in stronger than expected, perhaps delaying any rate cuts in the US. Repo issues brewing in Canada, suggesting collateral concerns are growing at some banks. Check Out BMO's S&…
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Markets Calling for More Rate Cuts from the Bank of Canada
58:57
58:57
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58:57Twinkie bets are live! Markets are calling for a rate cut next week and more to come. Lagging shelter inflation could bring CPI even lower. More pain to come for Real Estate developers. Political volatility is increasing. The death of ESG and DEI? Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 202…
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An Exodus of Capital Threatens the Chinese Economy- W/ guest Michael Nicoletos
1:11:05
1:11:05
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1:11:05Foreign direct investment has turned negative in China as capital leaves. The property market is wobbling and threatens to bring deflation to the rest of the world. The devalued Japanese Yen is creating headaches for the Chinese manufacturing sector. What are the implications for Canadians? Loonie Hour Social in Montreal Tickets: https://www.eventb…
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The Housing Bubble Is Slowly Deflating
1:03:12
1:03:12
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1:03:12Home sales in Vancouver & Toronto plummet. Policy makers are doubling down on bad policy. Stories of financial stress are mounting. ISM services index falls to levels last seen during the depths of the pandemic. The presidential election heats up. Tickets to Montreal Loonie Hour Social: https://www.eventbrite.ca/e/loonie-hour-montreal-social-july-1…
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Rent Inflation is Squeezing the Bank of Canada
1:10:40
1:10:40
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1:10:40Rent inflation surged pushing the CPI basket higher. The Liberals lose an important by election in Toronto. Will JT resign? Toronto new home sales fall off a cliff. The labour market weakens for new immigrants. The Japanese yen continues to roll lower, a key signpost for the global sovereign debt bubble. Check Out BMO's S&P 500 Index ZSP ETF Here: …
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Record Short Position on the Canadian Dollar
1:10:00
1:10:00
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1:10:00Cities are taking housing accelerator funds and then raising development fees to crush supply. Canada's population surges again. Living standards have not improved in 7 years. Government muzzles oil and gas companies from promoting fossil fuels. Speculators have a record short position on the loonie. Check Out BMO's S&P 500 Index ZSP ETF Here: http…
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Hawkish Powell Says Fed Will Only Cut Rates Once
1:02:40
1:02:40
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1:02:40US CPI data came in softer than expected but that didn't sway the fed. Projections now call for one cut this year. Producer prices are outright declining. Canadian housing can't be fixed, surging taxes killing development. The pendulum is swinging to the right as voters reject the status quo. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.…
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Bank of Canada slashes interest rates, suggests more to come. The ECB also cuts rates, is the Fed next? Economic data is now softening in the US. Why this probably won't save the Canadian housing market. Private debt fund in Canada halts redemptions in a sign of things to come. Foreign interference corruption in Ottawa. Check Out BMO's S&P 500 Inde…
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Canadian Households Need to Adjust to Higher Mortgage Rates - w/ guest Doug Porter
1:10:29
1:10:29
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1:10:29We are joined by BMO's chief economist Doug Porter. The Bank of Canada will cut, probably in June. Don't expect bond yields or fixed mortgage rates to budge. Inflation is nearly defeated in Canada but not the US. Weak investment in Canada to continue with capital gains increases. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BM…
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Inflation Drops Ahead of Bank of Canada Meeting
1:06:08
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1:06:08CPI drops back within the Bank of Canada's target range, will it be enough for a cut in June? Population growth surges with some cities growing more than 6%. AirBnb bans will hit the tourism sector in some Canadian cities. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, November 2023. Based on $11billion in…
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Markets Melt Higher as Economic Data Weakens
1:02:59
1:02:59
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1:02:59US CPI cooled last month, along with retail sales. Canadian job numbers surprise to the upside giving further hesitation for the Bank of Canada. Banning China EV's, batteries and solar panels despite the war on climate change? Financial Markets drift higher. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8 BMO Global Asset Mgmt, N…
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