The Loonie Hour

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.

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.

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.

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.

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.

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.

Headline inflation falls to 4.2% in March. National house prices are back on the rise with housing starts still falling. Government employees striking across the nation as the cost of living crisis persists, potentially entrenching higher wage inflation. Former head of the Conservative Party Erin O’Toole joins the show.See omnystudio.com/listener for privacy information.

The Bank of Canada kept interest rates on hold while raising GDP growth forecasts. Meanwhile, land loans to developers have completely evaporated, sowing the seeds for a supply crunch years down the road. CPI in the US eases but core inflation is proving to be sticky. Warren Buffett takes a surprise trip to Japan. Germany shuts down more nuclear plants.See omnystudio.com/listener for privacy information.

Sweeping policy changes are coming on the housing supply front in Vancouver. Meanwhile, TD Bank has become the worlds most shorted bank stock, facing $3.7B of short interest. Is this the end of the US Dollar? Dutch Farmers Revolt ! See omnystudio.com/listener for privacy information.

The Federal Government announced its budget and it was a doozy. More inflationary spending, including money for groceries. The Bank of Canada will have its work cut out for them as there are also signs that the housing market is showing signs of strengthening. Credit spreads suggest there are still issues under the hood within financial markets. Buy NordVPN and win extra subscription time https://nordvpn.com/looniehourSee omnystudio.com/listener for privacy information.