The Loonie Hour

National house prices in Canada have now endured their largest correction dating back to 2005. Meanwhile, the Fed hiked rates another 75bps and has made it clear it wants stocks and house prices lower. Currency markets are going crazy. Buckle up, things are about to get interesting. See omnystudio.com/listener for privacy information.

Canadian household wealth fell by nearly one trillion last quarter with house prices dropping. More cheques are coming in the mail to fight inflation, and with that more rate hikes from the central banks too! Inflation is trending lower but remains sticky, and something markets will be paying close attention to. See omnystudio.com/listener for privacy information.

The Bank of Canada, Australia and the Euro zone all raised interest rates this week. The US dollar continues to strengthen, placing stress on some of the worlds major currencies. We are only six months into this rate hiking cycle but already stresses are emerging in various corners of the market. See omnystudio.com/listener for privacy information.

Twinkies are on the line, as the gents place their wagers for the Bank of Canada next week. A surprise miss on Q2 GDP in Canada suggests further weakness for Q3. No Fed pivot coming suggests more pain ahead as the bear market rally fades. See omnystudio.com/listener for privacy information.

Canadian banks announced earnings and are increasing their loan loss provisions, but likely not enough considering the outlook for the nations housing market. The Canadian dollar continues to perform well thanks to the energy bull market. Europe is bracing for a deep recession and a full blown energy crisis. See omnystudio.com/listener for privacy information.

Seasonally adjusted average house prices have now dropped the most since the 1980's. Inflation is subsiding but central banks are determined to push ahead, even if it means creating a recession. China is facing deep economic issues and cut interest rates. Inflation hits double digits in England and Germany turns on the Nuclear reactors. See omnystudio.com/listener for privacy information.

US inflation has made the turn and is now trending lower, but will it fall enough to allow central banks to pivot? Markets are ripping on potentially false hopes. Commodities continue to look favourable over the medium term, and more bearish predictions for the Canadian housing market. See omnystudio.com/listener for privacy information.

Will the Central banks cave on their inflation mandate in the eyes of weakening economic data? The Bank of England just raised interest rates 50bps and says a recession is all but guaranteed for the fourth quarter and that it will last well into next year. The Canadian housing market continues to roll over, with both Vancouver & Toronto Real Estate markets experiencing multi-decade lows in hou...

The US federal Reserve raised interest rates another 75bps. More interestingly is that Powell will be removing forward guidance, and all future rate hikes are now data dependent. The US then recorded the second consecutive quarter of negative GDP, indicating a technical recession. Bond yields are falling on the news, and the all important Canada 5 year bond yield is now down nearly 100bps since pe...

CPI inflation in Canada came in at a 40 year high, but was below market expectations. Has inflation peaked from a rate of change perspective? Meanwhile, in the economic fantasy land that is the European Union, the ECB raised rates by 50bps, brining interest rates to zero. The end of negative rates in Europe is officially here. China bank runs and a property bubble threaten stability across the glo...

The Bank of Canada shocked markets with a 100bps rate hike, the largest rate hike since 1998. Variable rate mortgages are going up and we could soon see fixed payment mortgages get triggered with sudden payment increases. Meanwhile, the USD continues to be the global wrecking ball as investors take a risk-off stance. See omnystudio.com/listener for privacy information.

Fixed Mortgage rates appear to have finally peaked and are now moving lower as markets price in an economic recession. The first major Canadian bank has now unveiled a recession call for 2023, will the other banks follow? Energy prices, rampant food inflation, and government policy are creating social unrest as protests break out across parts of the world. See omnystudio.com/listener for privacy i...

Latest data from the Atlanta Fed is suggesting we might already be in a recession. Meanwhile, home sales continue to slow in suburban housing markets, and stresses are rising in the corporate bond market with spreads widening to levels last seen in 2018 when the Fed was forced to pivot. Happy Canada Day Loonie Hour Community! See omnystudio.com/listener for privacy information.

Canada's inflation rate ripped higher once again, hitting 7.7% year-over-year and surpassing market expectations yet the 5 year bond yield fell on the news and has been declining in recent weeks. Have we seen a top in bond yields? Price action across commodities also suggests the inflation story may now be transitioning to an economic slowdown. See omnystudio.com/listener for privacy information.

The Bank of Canada Threatens To Break The Housing Market The Federal Reserve raises rates by 75bps the largest rate hike since 1994. The Swiss National Bank also shocked with a 50bps rate hike. Sovereign debt bubbles are now facing immense pressure, particularly in Europe and Japan. The crypto market is imploding and the tech sell-off continues. Canadian Real Estate prices fall for second consecut...

More hawkish rhetoric from the Bank of Canada as they prep for another rate hike. Mortgage rates in Canada are now at their hightest levels in 2008 and some banks are pulling the cord. Meanwhile, the Euro Zone preps for to hike rates to zero as inflation surges. See omnystudio.com/listener for privacy information.

The Bank of Canada raised interest rates another 50bps this week. They remain very hawkish and suggest that interest rates may need to go north of 3% in order to get inflation down. Meanwhile, housing in Canada continues to slow. Financial repression continues in Europe and debt forgiveness in the United States. See omnystudio.com/listener for privacy information.

The boys predict what the Bank of Canada will do at their meeting next week. Oil prices continue to strain global markets and governments are reacting as expected with helicopter money and taxes on corporate profits. See omnystudio.com/listener for privacy information.

Inflation in Canada ticket higher once again, running at three decade highs. Food and shelter inflation is also increasing, creating social and political pressures. The Canadian housing market continues to slow. See omnystudio.com/listener for privacy information.

All hell has broken loose in the crypto market. One of the most popular Crypto projects, Luna, has basically gone to zero. Losses are piling up, but not just in crypto. Year to date, $35 trillion of global market value has been erased. Dollar pegs are under pressure across the world as we get closer to a financial accident. This episode was recorded live in Vancouver! See omnystudio.com/listener f...

The Fed raised rates by 50bps and said another 50bps should be on the table for the next couple of meetings. Meanwhile, equity markets continue to sell-off and there are signs that bank lending is tightening in a big way. Loonie Hour Live Event Tickets: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447 See omnystudio.com/listener for privacy information.

Troubles are brewing in Japan as the Yen continues to depreciate against a surging USD, falling to a 20-year low. Cracks are also starting to surface in China. Keep in mind all of this is happening with the Fed having raised rates a mere 25bps. Loonie Hour Live Event Tickets: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447 See omnystudio.com/listener for privacy...

Inflation hits 30 year high in Canada, more rate hike increases expected. Are we nearing the detonation of the sovereign debt bubble? Plus more musings in China, Europe and Japan. Loonie Hour Live Event Tickets: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-326025299447 See omnystudio.com/listener for privacy information.

Canada’s Housing Market in the Crosshairs of Tiff Macklem The Bank of Canada raised rates by 50bps, the largest move in over 20 years. How far will they go? In this episode we discuss the likelihood of a financial mishap and the concerning outlook for the nations housing market. Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/...

The updated Federal Budget was announced with some optimistic projects and of course, housing tweaks. In this episode we discuss what this means for the typical Canadian. Also, some Twinkie bets on what on the Bank of Canada will do next week. Listen to The Loonie Hour on your favorite podcast platform: The Loonie Hour on Spotify: https://open.spotify.com/show/4vA4m1d9RVo9KitszSHzN0 The Loonie Hou...