The Loonie Hour
Steve Saretsky
The Loonie Hour is a Canadian based macro economic podcast covering newsworthy events across the globe and how they will impact Canadians.
Episodes
Mentioned books
Jun 30, 2023 • 1h 9min
Higher for Longer Interest Rates Will Create a lot of Winners and Losers
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.
Jun 23, 2023 • 1h 4min
Bond Yields Surge Higher as Central Banks Coordinate More Rate Hikes
Central Banks Coordinate higher Rates. Bond yields suddenly ripping higher once again. The Bank of Canada says house prices concern them. Housing set to slow with mortgage stress test nearing 8%. Where is the recession? Liquidity is actually increasing, pushing stocks higher. See omnystudio.com/listener for privacy information.
Jun 16, 2023 • 1h 12min
The Great Canadian Credit Boom Comes to an End
National house prices ticker higher in May. Mortgage credit growth tumbles to a 20 year low, signalling a slowdown is ahead. Housing starts are plummeting. The fed performs a hawkish pause. The ECB raises rates despite recession. China cuts rates as youth unemployment surges. ESG debunked. See omnystudio.com/listener for privacy information.
Jun 9, 2023 • 1h 9min
The Bank of Canada Shocks The Bond Market- w/ guest Robert Asselin
We are joined by Robert Asselin, former advisor to Justin Trudeau, and budget director to Bill Morneau to discuss ballooning deficits and inflation. The Bank of Canada starts hiking rates again. Bond yields surge, building permits plummet. Universal basic income gets a test run. Protect your online data and secure your privacy with Incogni!Get an EXCLUSIVE 60% discount using our link https://incogni.com/looniehourSee omnystudio.com/listener for privacy information.
Jun 2, 2023 • 1h 16min
Canada's Population Boom Puts Pressure on the Bank of Canada
Canada's GDP surprises to the upside, largely on the back of a massive population boom that is masking a lack of productivity growth. This is putting undue pressure on the Bank of Canada, with markets now expecting the BoC to move once again. US jobs data provides a murky outlook. Commodities pointing to recession. And special guest Professor Michael Giest joins us to discuss the controversial Bill C-11 censorship bill. Protect your online data and secure your privacy with Incogni!Get an EXCLUSIVE 60% discount using our link https://incogni.com/looniehour See omnystudio.com/listener for privacy information.
May 26, 2023 • 1h 3min
Rate Hikes Have Not Yet Hit Most Canadian Households
Rate hikes have only hit one third of all mortgages outstanding. Scotiabank says their customers are pulling back on discretionary spending. Is the Fed going to hike again next month? Germany enters a recession. Debt ceiling hysteria reaches a tipping point. See omnystudio.com/listener for privacy information.
May 19, 2023 • 1h 13min
Pressure Mounting for Bank of Canada to Raise Interest Rates Again
Inflation surprised to the upside in April, forcing bond yields to surge higher and putting the Bank of Canada back in the hot seat. Meanwhile 75% of variable rate mortgages have hit their trigger rate. The Federal Government made a colossal error on issuing debt on the short end of the curve. See omnystudio.com/listener for privacy information.
May 12, 2023 • 1h 4min
The Bank of Canada Moves Closer to a Central Bank Digital Currency
The city of Toronto approves mass rezoning for residential development. There's an inventory shortage not just in Canadian housing markets but around the world right now. CPI inflation comes in as expected. Are deposit runs an issue in Canada? The Bank of Canada asks Canadians to weigh in on a central bank digital currency. See omnystudio.com/listener for privacy information.
May 5, 2023 • 59min
Fed Hikes Rates Despite Banking Crisis Spreading
Home sales are bouncing back to life across Canada. Calgary Real Estate prices hit new record highs. The banking crisis is far from over as contagion risks start to spread. The Fed hikes rates another 25bps but a pause appears likely. Markets are calling for rate cuts as soon as this fall. See omnystudio.com/listener for privacy information.
Apr 28, 2023 • 52min
Canadian Wages are Dropping at an Alarming Pace
The housing market continues to turn higher, yet wages are actually rolling over. Latest data shows wage growth is now sharply negative in real terms. Banking issues in the US have not gone away. The Bank of Canada is fully expecting a recession. CN Rail says the recession is already here. See omnystudio.com/listener for privacy information.
