2min chapter

The Loonie Hour cover image

The Default Cycle Has Just Begun

The Loonie Hour

CHAPTER

The Bank's Biggest Concern, Right?

If there's a recession, they're going to cut rates and then say, oh, you're going to stress test at 1% or 2%. They will adjust their models. And if all of a sudden they're anticipating the economy to get weaker, then they'll demand like they'll self-imposed their own credit spread. But that's the key thing here, right? It's in employment, which by the way, in Canada, this is Thursday,. So tomorrow's Friday, we have the Canadian jobs data is going to come out. Oh, random number generator. Rich won't be jet setting all around the world and everything.

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