The Loonie Hour

Economic growth prospects continue to be revised higher, what are we all missing? Inflation slows in Canada. Business outlook sours. Canada's banking regulator succumbs to political pressures.  Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

We discuss the implications of the turmoil in the middle east from a markets perspective. The IMF predicts Canada to have the largest economic growth in the G7 next year. US CPI remains sticky, securing central banks to hold rates. Bond volatility continues unabated. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

Recent data out of Vancouver & Toronto points to a marked slowdown in September that looks poised to continue into Q4. Bond yields accelerate higher. Manufacturing data continues to weaken. China Coal usage ramps up. Reserve Bank of Australia moves firmly to the sidelines. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

Local governments raising taxes as interest payments rise and tax revenues fall. Bond market contagion deepens as yields surge higher. Canadian mortgage renewals becoming a bigger problem. Business and consumer sentiment tumbles. Household savings are depleted. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

Canada CPI comes in hot. Bond yields ripping higher over inflation concerns. Oil continues to push higher which will act as a hard brake on the economy. Powell dismisses the base case for a soft landing. The Bank of England moves to the sidelines. Airlines in the eye of the storm. Try out Canva for Teams! Get an extended 45-day trial here: https://canva.me/looniehourSee omnystudio.com/listener for privacy information.

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.