The Loonie Hour

The Fed raised rates another 75bps and says there is still work to be done. Keith makes the case for a hard landing in the months ahead. Big tech stocks continue to get crushed. Meanwhile, the Canadian government has promised to ramp up immigration targets to 500,000 by 2025, with part of the objective to support the housing market. Affordable housing be damned! Sign up for Shakepay with the promo code: LOONIEHOUR, and you’ll receive $10 after you buy your first $100 worth of bitcoin. https://shakepay.me/r/LOONIEHOURSee omnystudio.com/listener for privacy information.

The Bank of Canada hiked a dovish 50bps this week, contrary to market expectations for a larger move. Is the Bank of Canada the first to throw in the towel? What are the implications for the Loonie? Meanwhile, new home sales are tanking in Canada, falling more than 90% in Toronto. Financial stability risks are increasing as we await another jumbo hike from the US Fed next week.Live Event at the Hockey Hall of Fame is now SOLD OUT! Thank you!!See omnystudio.com/listener for privacy information.

Canadian inflation continues to decelerate on a rate of change basis but it's coming down too slowly for markets. This is setting the Bank of Canada up for another jump rate hike next week. National house prices continue to slide lower as mortgage rates move towards 6%. Troubles continue to brew in Japan and the UK as sovereign debt issues mount.Loonie Hour Live at Hockey Hall of Fame Tickets:https://www.eventbrite.com/e/the-loonie-hour-live-at-the-hockey-hall-of-fame-tickets-444973617067See omnystudio.com/listener for privacy information.

Another hot inflation print out of the US will keep the Fed from pivoting. Rates are moving higher and we should see 6% mortgage rates in Canada come November. How will the economy digest this? Interest expenses are surging not just at the household level but at the sovereign level. This is where the risks are today.See omnystudio.com/listener for privacy information.

Tiff Macklem says more rate hikes are coming and the job is not done yet. When was the last time a central bank engineered a soft landing? We are nearing a financial mishap. What do Canada's smartest housing people think about the future of the Real Estate market?See omnystudio.com/listener for privacy information.

Turmoil in the UK as surging interest rates nearly collapsed the entire pension system. The Bank of England is now doing QE with double digit inflation. Pressure is mounting on the Fed but there is no imminent pivot. Canadian GDP remains flat despite record immigration growth, human stimulus is masking a recession.See omnystudio.com/listener for privacy information.

National house prices in Canada have now endured their largest correction dating back to 2005. Meanwhile, the Fed hiked rates another 75bps and has made it clear it wants stocks and house prices lower. Currency markets are going crazy. Buckle up, things are about to get interesting.See omnystudio.com/listener for privacy information.

Canadian household wealth fell by nearly one trillion last quarter with house prices dropping. More cheques are coming in the mail to fight inflation, and with that more rate hikes from the central banks too! Inflation is trending lower but remains sticky, and something markets will be paying close attention to.See omnystudio.com/listener for privacy information.

The Bank of Canada, Australia and the Euro zone all raised interest rates this week. The US dollar continues to strengthen, placing stress on some of the worlds major currencies. We are only six months into this rate hiking cycle but already stresses are emerging in various corners of the market.See omnystudio.com/listener for privacy information.

Twinkies are on the line, as the gents place their wagers for the Bank of Canada next week. A surprise miss on Q2 GDP in Canada suggests further weakness for Q3. No Fed pivot coming suggests more pain ahead as the bear market rally fades.See omnystudio.com/listener for privacy information.