The Loonie Hour

Financial Markets in Turmoil Ahead of Canadian Elections

11 snips
Apr 11, 2025
John Manley, former Deputy Prime Minister of Canada, and David Herle, a seasoned political strategist, dive into the intricate dynamics of the upcoming Canadian elections. They discuss shifting voter sentiments, the impact of immigration policies, and how the Liberal party's strategy is adapting to economic dissatisfaction among youth. The conversation also touches on the challenges facing Canada’s energy future amid regulatory pressures and the importance of navigating divisive politics for a unified national identity.
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INSIGHT

US Treasury Volatility

  • The US Treasury market experienced volatility, not due to China selling treasuries.
  • It stemmed from changes in regulatory capital and institutional funds adjusting their positions.
INSIGHT

Historic Bond Market Move

  • The 30-year treasury yield increased by 56 basis points in three days.
  • This is a historic rise, comparable to levels seen in 1982 when yields were at 14%.
ANECDOTE

Trump Reverses Tariff Policy

  • Trump reversed his tariff policy after a historic bond market sell-off.
  • Trump admitted to watching the bond market and heeding Jamie Dimon's advice.
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