The Loonie Hour

The federal government shocks the market by pushing CMHC insured mortgages up to $1.5M. The Bank of Canada finally gets inflation back down to 2%. The Federal Reserve surprises markets, cuts rates by 50bps.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy information.

The unemployment rate moves higher. Rental and housing market continues to soften. The ECB cuts rates, more to come as the German economy weakens. US CPI comes in hotter than expected ahead of the Fed meeting next week.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy information.

Interest rates in Canada are dropping again, spurring discussions about potential housing price increases. The NDP's breakup with the liberals raises questions about upcoming elections. University cities see a decline in rent, influenced by changing enrollment trends. In the U.S., a weakened job market impacts the stock market, hinting at broader economic shifts. The show blends economic insights with playful banter about back-to-school excitement and NFL predictions, making complex financial topics more engaging and relatable.

The Liberal government says they will change the temporary foreign worker program to slow immigration further. More signs of a weakening labour market. Canadian banks write off more bad loans. Toronto new home sales plunge to levels we've never seen before. Net zero without Chinese EV's.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) Check out Saily at saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase! Loonie Hour in Ottawa! Tickets available here: https://www.eventbrite.com/e/loonie-hour-in-ottawa-tickets-1004656072357?aff=oddtdtcreatorSee omnystudio.com/listener for privacy information.

Canada CPI inflation comes in lower, cementing another rate cut from the Bank of Canada. Economist and political insider Dr. Mike Moffatt explains how housing and immigration went so wrong, so quickly, and how to fix it. US jobs data gets revised nearly 1 million jobs lower ahead of Powell speech. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) 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.

The conversation dives into Canada’s troubled foreign worker program, highlighting accusations of modern slavery and the precarious conditions facing low-wage immigrants. Real estate insolvencies hit a 20-year high, prompting discussions on systemic economic issues. Experts also examine the interplay of monetary policy and housing challenges, debating the need for interest rate cuts. Additionally, the podcast addresses changing consumer behaviors and economic indicators, setting the stage for evolving investment opportunities amidst a complex landscape.

The Yen carry trade blows up after BoJ announces surprise rate hike. Markets call for immediate rate cuts. AirBnb data in Canada suggests governments are misguided. Temporary foreign workers surge, pushing youth unemployment higher.  Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com)See omnystudio.com/listener for privacy information.

Was the devastation of Jasper National Park avoidable? Who's to blame? What ails the Canadian economy, and how to cut the green tape. Lowering emissions globally will require Canadian LNG. Bond yields tumble, Fed set to cut, financial markets are moving. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) 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.

The BoC cut rates, highlighting excess supply and concerns over a weakening labour market. The Canadian dollar continues to weaken, with more rate cuts expected. US GDP came in stronger than expected, perhaps delaying any rate cuts in the US. Repo issues brewing in Canada, suggesting collateral concerns are growing at some banks. Check Out BMO's S&P 500 Index ZSP ETF Here: https://bit.ly/3xzrAO8BMO Global Asset Mgmt, November 2023. Based on $11billion in AUM in ZSP and ZSP.U.BMO S&P 500 Index ETF ZSP | BMO Global Asset Management (bmogam.com) 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.

Markets are anticipating rate cuts from the Bank of Canada, with shelter inflation potentially dropping further. Real estate developers may face more challenges. The discussion also touches on political volatility, the state of ESG and DEI initiatives, and the appeal of ZSP ETF for S&P 500 exposure.