The Loonie Hour

We are joined by Alberta Premier Danielle Smith to discuss trade negotiations, the currency, and our natural resources. The Bank of Canada cuts rates again. Policy makers preparing for helicopter money, and more global uncertainty.  Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more! Get your travel data sorted with Saily and enjoy smooth, safe, and reliable internet access while you're away in over 150 countries! Check out Saily at saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase!See omnystudio.com/listener for privacy information.

Canada's CPI inflation slowed in December. Will inflation perk up again this year? The bond market says one more rate cut for the Bank of Canada. Policy makers are swinging to the right as public sentiment shifts. Scrapping the Carbon tax and Capital gains tax. The UK debt market barreling towards a crisis provides insights for other western countries on managing deficits. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit www.neighbourhoodholdings.com/looniehour to learn more!See omnystudio.com/listener for privacy information.

Alberta's refusal to adopt proposed tariffs sparks debate surrounding Canadian oil. Toronto's condo market faces a significant downturn, with sales hitting 28-year lows amid rising property taxes. Speculation arises about Mark Carney's potential bid for prime minister. Discussions also cover the geopolitical intricacies of Canadian oil exports and the ramifications of potential tariffs on the economy. The impact of melting Arctic ice on shipping routes and internal trade barriers highlights the evolving landscape of energy dynamics and market stability.

Kate Harrison, Vice Chair at Summa Strategies and a political communications expert, discusses the recent resignation of Prime Minister Trudeau and its implications for Canada’s Parliament. The conversation dives into prorogation and its effects on governance, alongside the potential for a larger budget deficit. They also explore the political dynamics within the Liberal Party and the growing challenges in global debt markets. Finally, Kate highlights the link between a new leader's strategic choices and Canada's economic future.

The hosts dive into wild market predictions, forecasting tumbling bond yields and a crash of the Euro amidst rising house prices in Canada. They humorously tackle the struggles of reading goals while exploring the intricate connections between the U.S. and Canadian housing markets. The discussion highlights a potential recession in the US and a crisis in the Canadian housing sector, all while weaving in personal anecdotes. Expect a lively analysis of economic risks, wealth disparities, and the unpredictability of the financial landscape ahead!

Rising bond yields clash with central banks cutting rates, creating a precarious economic environment. Canadian housing faces increasing defaults, leading to tough times for new constructions. Meanwhile, China's bond market signals trouble, hinting at the need for massive stimulus. The discussion dives deep into the disconnect between wage growth and skyrocketing real estate prices. Global economic trends, especially in AI and shifts in commodities, raise eyebrows, while the implications of inflation in Canada loom large.

Political turmoil brews as Canada’s finance minister resigns, throwing the government into chaos. Meanwhile, budget deficits soar to $62 billion, raising eyebrows about fiscal management. The value of the Loonie drops to 69 cents against the US dollar as inflation predictions stretch to 2027. Global coal usage skyrockets due to Chinese demand, reflecting economic disparities. Amidst financial woes, festive banter lightens the mood, blending holiday cheer with urgent economic discussions.

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.

The podcast dives into the alarming decline in Toronto's housing market, with new home construction sales hitting a 27-year low. Former BoC governor Poloz shares insights on the looming recession and economic challenges, including Canada Post strikes impacting small businesses. Interest rate predictions spark discussions about their potential effects on the economy and currency. The hosts also touch on the resilience of Canada's equity market while navigating complex GST regulations and the changing landscape for public services.

Heather Exner-Pirot, Director of Energy, Natural Resources, and Environment at the Macdonald-Laurier Institute, dives into the tumultuous landscape of Canada's energy sector. She discusses the impact of Trump tariffs and the looming emissions cap, raising questions about the country's energy future. The conversation touches on the challenges facing Indigenous rights in resource development and the need for collaboration. Exner-Pirot also reflects on the dynamic shifts in the energy market and the role of natural gas, highlighting the complexities of navigating geopolitical tensions and energy policy.