The Loonie Hour

Canadian banks' rising loan loss provisions, undercounting non-permanent residents in Canada, BC government pleads with Bank of Canada, softening US labor market

The Federal government is back from their housing retreat with no real changes other than a further review into foreign student loopholes. Regional bank stocks are tumbling once again. Jackson Hole, hawkish fed? Fixed mortgage rates back on the climb AGAIN.See omnystudio.com/listener for privacy information.

Inflation in Canada jumped well above expectations in July, hitting 3.3%. Markets are now expecting no landing, pushing global bond yields to a 15 year high. The Panda in the room is only growing larger as the Chinese property market reaches a tipping point. Provincial governments fight back on green transition.See omnystudio.com/listener for privacy information.

Consumer and producer prices in China are now outright contracting on an annual basis. US CPI inflation is nearly back on target, but how do you factor in base effects and lagging shelter prices? The largest retailer in Canada delivers ominous warning about the shape of Canadian households.See omnystudio.com/listener for privacy information.

Markets are shorting the USD at a record pace and that could backfire very soon. Our special guest Brent Johnson, views the USD as the ultimate flight to safety and thinks that need for safety could return as volatility erupts in global bond markets. Troubles are brewing in China and Japan. The new housing and immigration ministers say they have no plans for slowing immigration, and say targets might need to be revised higher.    Greater Vancouver Tenant and Property Management LTD. https://www.gvantpm.com/property_management_fees_servicesSee omnystudio.com/listener for privacy information.

Interest rates are rising once again as economic growth remains resilient for now. The Fed and the ECB raise rates once again. The federal government has a new housing minister.  Thank you to our sponsors of this live event:  BMO ETFs https://www.bmo.com/main/personal/investments/etf/ Canadian Western Bank https://www.cwbank.com/en/business Greater Vancouver Tenant and Property Management LTD. https://www.gvantpm.com/property_management_fees_servicesSee omnystudio.com/listener for privacy information.

We are joined this week by Professor David Rapson, an expert on energy markets and climate policy, with a recent focus on electric vehicles and transportation decarbonization. We debunk and discuss energy markets. Later in the show we discuss recent inflation in Canada, downside surprises, and mortgage relief proposals. The Loonie Hour is going live in Vancouver and Calgary. Come join us for drinks, appetizers, and a live podcast with Q&A. Tickets to Vancouver Event: https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-667879735267Tickets to Calgary Event: https://www.eventbrite.com/e/lawn-bowling-with-the-loonie-hour-tickets-677791050277See omnystudio.com/listener for privacy information.

The Bank of Canada raised interest rates another 25bps, bringing the overnight rate to its highest point since 2001. US CPI tumbles below expectations. Producer prices keep falling. Used car prices are crashing. China issues could destroy a lot of economic forecasts.  The Loonie Hour is going live in Vancouver and Calgary. Come join us for drinks, appetizers, and a live podcast with Q&A. Tickets to Vancouver Event:  https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-667879735267Tickets to Calgary Event: https://www.eventbrite.com/e/lawn-bowling-with-the-loonie-hour-tickets-677791050277?utm-campaign=social&utm-content=attendeeshare&utm-medium=discovery&utm-term=listing&utm-source=cp&aff=ebdsshwebdesktopSee omnystudio.com/listener for privacy information.

The FCAC has asked Canadian banks to work with borrowers to extend amortizations and reduce prepayment penalties for over leveraged home owners. Real Estate stats in Vancouver & Toronto point to a market that is slowing. The ISM continues to roll over. Waiting for Non-farm payroll to drop. Canada plans largest Uranium plant in the world. The Loonie Hour is going live in Vancouver. Come join us for drinks, appetizers, and a live podcast with Q&A. https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-667879735267?aff=oddtdtcreator See omnystudio.com/listener for privacy information.

Fixed mortgage rates still moving higher. Population growth hits 1.2M in Canada. The Fed and ECB promise further rate hikes. The much talked about recession has not transpired, making the case for higher for longer interest rates. Government debt and the expectation for lower stock returns. The Loonie Hour is going live in Vancouver. Come join us for drinks, appetizers, and a live podcast with Q&A. https://www.eventbrite.com/e/the-loonie-hour-live-in-vancouver-tickets-667879735267?aff=oddtdtcreator See omnystudio.com/listener for privacy information.