The Loonie Hour

Trump fires the head of the BLS after job revisions. Weak data out of the US prompts further calls for rate cuts. Tariff revenue could match corporate income taxes. Toronto pre-sale market on the brink. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more!Check out Saily at https://www.saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase!

Bank of Canada Holds rates again. Powell refuses to cut rates despite political pressures. US GDP comes in stronger than expected. Real Estate developers ask PM Carney to remove foreign buyer ban. Is Canadian media compromised by the CCP?Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more!The Loonie Hour team is currently looking for a full-time content manager / social media curator! Email your application to looniehourjobs@gmail.com if you're interested!

In this discussion, Pierre Poilievre, Leader of the Conservative Party and former MP, dives into pressing economic issues facing Canada. He connects big deficits and inflation to the working class, particularly the struggles young adults face in the housing market. Poilievre critiques current tax policies and discusses the impact of U.S.-Canada trade on national security. He also emphasizes the need for accountability in economic leadership and explores historical lessons on inflation, advocating for bold fiscal strategies to tackle these challenges.

The discussion highlights the rising inflation and its implications for the Bank of Canada's rate decisions, as investment concerns grow in real estate. There are anecdotes from summer adventures and a reflective look at Vancouver's luxury condo market's struggles. The podcast humorously tackles the challenges of managing debt and the political landscape surrounding fiscal policies. It also analyzes the migration trends within North America, driven by taxes, as well as the complexities of inflation affecting both Canadian and U.S. economies.

Falling rents in Canada are catching attention as immigration curbs impact job markets and construction financing. The hosts delve into the intricate relationship between immigration trends and housing prices, revealing a decline in asking rents. They critiqued government policies on foreign buyers and discussed Toronto's significant condo sales downturn, linking it to economic challenges. The conversation also touches on taxation dynamics and strategies to attract wealthy individuals to Canada amid ongoing inflation concerns.

A massive fiscal stimulus bill is set to roll out, prompting speculation on interest rates and potential financial repression. The podcast dives into Vancouver's real estate slump, contrasting it with U.S. trends and discussing immigration's effects. Furthermore, it examines Germany's pivot in energy policy amid geopolitical strife. Recent job numbers from the U.S. showcase surprising growth, despite recession fears. Lastly, the Canadian digital services tax is evaluated for its true aim of shaping discourse rather than just revenue.

Heather Exner-Pirot, a Canadian energy expert specializing in oil and critical minerals, explores crucial topics impacting Canada's energy landscape. She discusses Ottawa's potential to unlock the energy sector, the implications of Bill C-5, and the challenges facing infrastructure projects like the Northern Gateway pipeline. The conversation also delves into the complexities of decarbonization, the evolution of Canada's oil industry, and the strategic importance of critical minerals for national defense, particularly in relation to NATO and China's role.

Canada's population growth has hit historic lows, raising eyebrows about its future workforce. Meanwhile, rental prices for two-bedroom apartments are dropping in major cities, even as housing sales show a rebound. Controversy brews over BC Ferries awarding contracts to Chinese firms, sparking debates on local job loss. The Fed's steady rate policy adds another layer of uncertainty. Plus, younger Canadians are shifting attitudes on homeownership, opting for renting over buying. An engaging mix of social dynamics and economic discussions awaits!

Join housing analyst Ben Rabidoux, known for his sharp insights and controversial past, as he dissects Canada's real estate turmoil. He reveals the fallout from a massive mortgage fraud scandal and discusses factors threatening the housing market, such as rising interest rates and declining buyer confidence. Ben explores the impact on construction jobs and the urgent need for policies that aid young people grappling with housing affordability. Buckle up for a data-driven thrill ride through Canada's changing economic landscape!

The Bank of Canada holds interest rates steady, sparking debates about economic indicators. Home sales in Vancouver plummet while inventory in the GTA surges, highlighting the housing market's unpredictability. A lighthearted discussion on quirky snacks adds flavor to the serious economic talk. The hosts tackle the struggles of the working class and the need for robust wealth creation to support a sustainable welfare state. They also explore trade deficits and the complexities of energy exports, offering insights into Canada's economic dynamics.