The Loonie Hour

We are joined this week by Canadian credit and housing analyst Ben Rabidoux. Insolvencies are ratcheting higher, the pre-sale market remains the biggest vulnerability. Mortgage rates are starting to break household balance sheets. Immigration is out of control. Canada apartment rents are still rising. The ECB hikes. US inflation still sticky.  Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

The Bank of Canada holds interest rates. Q2 GDP unexpectedly contracts, defying Bank of Canada forecasts. Higher mortgage rates are starting to hit households hard. China & Germany have hit the brakes hard. The ECB could shift to the sidelines. US apartment rents are likely to contract in September, with implications on CPI. ---------- Check out Addy! The largest institutional-grade commercial real estate investing platform in Canada! https://addyinvest.ca/properties/altadore-townhomes/ Become a ONE-YEAR addyONE member for free!Use our promo code "LOONIEHOUR" ---------- Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

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.