The Loonie Hour cover image

The Loonie Hour

Bank of Canada will Keep Cutting Rates into Falling Loonie- w/ guest Ben Rabidoux

Dec 13, 2024
Ben Rabidoux, a renowned real estate analyst at North Cove Advisors, sheds light on the Canadian housing market. He discusses the Bank of Canada's recent rate cuts and their implications amid a struggling labor market. Rabidoux highlights the decline in rents and the unprecedented construction supply. He also addresses the challenges posed by immigration surges and the need for an overhaul in the immigration system, linking these factors to broader economic dynamics in Canada.
01:07:40

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Podcast summary created with Snipd AI

Quick takeaways

  • The Bank of Canada is likely to continue cutting interest rates to support a faltering labor market and mitigate household financial crises.
  • Despite strong job creation numbers, the Canadian labor market faces underlying issues causing concerns about true employment health and wage growth.

Deep dives

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