The Loonie Hour

Central banks are turning increasingly hawkish as an escalating global energy crisis keeps inflation under pressure. We'll break down why policymakers are committing to higher interest rates even as the underlying inflation problem is increasingly driven by energy supply. They discuss the latest moves from the Fed and European central banks, rising global bond yields, surging oil and fuel costs, and what it could mean for Canadian mortgage rates. Meanwhile, Canada’s housing market remains frozen, with national home sales falling to their lowest year-to-date level since 2003.

Join Us For The Loonie Hour Investor Series - With Ben Rabidoux, Live In Ottawa on October 13th!

Get Your Tickets Here:
https://www.eventbrite.com/e/the-loonie-hour-investor-series-with-ben-rabidoux-october-13th-tickets-2000313438341

Start an investment portfolio that's built to perform with Neighbourhood Holdings!
For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers
For Investors and Advisors: https://www.neighbourhood.com/looniehour

Check Out True North Mortgage's 40-Year Amortization Plan:
Visit https://www.truenorthmortgage.ca/ today!

Schedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/

✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com

Stay up to date with our information -
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🎙️ Listen to the Podcast on Your Preferred Platform:
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Timestamps:
00:00 Introduction
06:52 Canada Housing Hits a 23-Year Low
09:34 Housing Inventory & Cancelled Listings
11:11 Housing Starts Keep Falling
13:18 What Happened to the 500,000 Homes?
14:03 Should Canada Keep the Foreign Buyer Ban?
18:38 Canada’s Massive Investment Push
20:16 Canada Cuts Investment Taxes
22:55 Breaking Down the $500B Investment Commitment
24:53 Where Are the Foreign Investors?
27:13 Canada’s Biggest New Investment Projects
30:27 Did Trump Force Canada to Change Course?
34:24 Canada Embraces Energy Again
38:04 Why Investment Will Take Years to Materialize
42:26 Central Banks Turn Hawkish
46:22 Could the Bank of Canada Raise Rates?
48:02 Higher Rates Won’t Fix Energy Inflation
51:00 Global Bond Markets Under Pressure
56:12 The Global Energy Crisis Deepens
58:43 The World Is Running Out of Energy Capacity
01:01:07 Oil Tanker Costs Explode
01:02:19 Canadian Mortgage Rates Under Pressure
01:05:06 Mortgage Arrears Hit a Decade High
01:06:18 Canada & the European Union
01:09:49 Canada Already Has an EU Trade Deal
01:11:03 Europe’s Sovereign Debt Risks
01:12:28 Would Canadians Actually Move to Europe?

Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.

#LoonieHour #macroeconomics #centralbank

Ben Rabidoux joins the show to break down the latest housing data, rising mortgage rates, record mortgage renewals, the ongoing shifting in economic alliances, and why delinquencies could continue climbing through 2027 and beyond. We also discuss the escalating Canada–U.S. trade dispute, inflation risks, rising global bond yields, weakness across several provincial housing markets, and how Canada’s booming energy sector might be helping keep government finances and mortgage rates under control.

Join Us For The Loonie Hour Investor Series - With Ben Rabidoux, Live In Ottawa on October 13th!

Get Your Tickets Here:
https://www.eventbrite.com/e/the-loonie-hour-investor-series-with-ben-rabidoux-october-13th-tickets-2000313438341

Start an investment portfolio that's built to perform with Neighbourhood Holdings!
For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers
For Investors and Advisors: https://www.neighbourhood.com/looniehour

Subscribe to Ben Rabidoux's Edge Analytics and Save $10/month forever!
https://www.edgeanalytics.ca/lh39

Check Out True North Mortgage's 40-Year Amortization Plan:
Visit https://www.truenorthmortgage.ca/ today!

Schedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/

✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com

Stay up to date with our information -
📫 My Real Estate Substack:
https://stevesaretsky.substack.com
📫 The Loonie Hour Substack:
https://looniehour.substack.com/about

📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour

🎙️ Listen to the Podcast on Your Preferred Platform:
https://linktr.ee/looniehour

Timestamps:
00:00 Introduction
08:12 Is Canada’s Housing Market Bottoming?
11:27 Mortgage Rates Are Moving Higher
16:05 When Will Bonds Become Attractive Again?
18:19 Bank of Canada Rate Hikes Are Coming
20:04 Inflation Expectations Matter
23:35 Europe Is Raising Rates Again
25:22 The Next Wave of Inflation
30:02 Canada’s Regional Housing Markets
31:40 Canada’s Rental Market Will Stay Weak
32:54 Canada-U.S. Trade War Escalates
35:01 Mortgage Delinquencies Hit Record Highs
37:16 The Mortgage Renewal Wave Is Here
40:16 Canada’s Economy Faces More Pressure
41:44 The Risk To Canadian Banks
44:58 Canada’s Money Laundering Problem
49:40 How Iranian Capital Can Enter Canada
53:09 Good News For Canada
53:31 Foreign Investors Are Buying Canadian Bonds
54:28 Oil & Gas Is Helping Balance Canada’s Budget
56:08 Is Canada Becoming More Pro-Energy?
58:35 Canada’s Politically Charged Environment
01:02:38 Bank of Canada Rate Predictions

Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.

#LoonieHour #macroeconomics #bondmarket

Global bond markets are flashing warning signs as long-term yields surge across Japan, the UK, France, and other major economies, raising new concerns about government debt, inflation, and financial stability. Meanwhile, Canada’s housing market remains under pressure, Vancouver records its slowest August sales since 2012, and rising energy prices could complicate the outlook for inflation and interest rates within the country.

Start an investment portfolio that's built to perform with Neighbourhood Holdings!
For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers
For Investors and Advisors: https://www.neighbourhood.com/looniehour

Schedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/

✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com

Stay up to date with our information -
📫 My Real Estate Substack:
https://stevesaretsky.substack.com
📫 The Loonie Hour Substack:
https://looniehour.substack.com/about

📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour

🎙️ Listen to the Podcast on Your Preferred Platform:
https://linktr.ee/looniehour

Timestamps:
00:00 Introduction
05:14 Vancouver Housing Sales Hit 2012 Lows
09:48 Builders Get Aggressive on Prices
14:56 Rent Controls & Canada’s Housing Supply
22:46 Why Rent Controls Don’t Work
27:50 Bank of Canada & Interest Rates
30:36 Central Banks Talk Tough on Inflation
38:01 Global Bond Yields Are Surging
41:39 Is a Sovereign Debt Crisis Coming?
43:15 The Ultimate Bond Market Bear Trap
45:38 Canada’s GDP Gets Revised Higher
47:55 Could the Bank of Canada Raise Rates?
51:15 The Overlooked Energy Trade
52:55 Russia-Ukraine Energy Infrastructure Attacks
56:32 Global Oil & Natural Gas Supply Tightens
59:38 The Bull Case for Commodities
01:01:50 Energy Prices Are Spiking
01:04:36 The Opportunity in Higher Oil Prices

Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.

#LoonieHour #macroeconomics #bondmarket

We are joined by chief economist Peter Berezin at BCA Research to discuss the intensifying trade wars, the AI Boom, and the sovereign debt bubble.

Start an investment portfolio that's built to perform with Neighbourhood Holdings!
For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers
For Investors and Advisors: https://www.neighbourhood.com/looniehour

Check out Saily at https://www.saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase!

Schedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/

✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com

Stay up to date with our information -
📫 My Real Estate Substack:
https://stevesaretsky.substack.com
📫 The Loonie Hour Substack:
https://looniehour.substack.com/about

📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour

🎙️ Listen to the Podcast on Your Preferred Platform:
https://linktr.ee/looniehour

Timestamps:
00:00 Introduction
04:29 Canada-US Trade Deal Falls Apart
05:59 Carney Moves Closer to Europe
08:20 What Happens Without a Trade Deal?
11:13 Is This Really About Canada or China?
12:21 Peter Berezin Joins the Show
13:33 Economic Impact of the Canada-U.S. Trade War
15:20 Could Canada Actually Win?
17:09 Risk of Canada Losing Manufacturing
17:49 Could More Stimulus Be Coming?
19:36 Canada's Productivity Problem
22:22 How Canada Can Turn Things Around
24:05 How Transformational Will AI Really Be?
26:26 The Massive AI Spending Boom
27:37 AI's $10 Trillion Revenue Problem
30:26 Are Corporate Margins Sustainable?
33:40 AI Agents, Stablecoins & Crypto
35:06 Why Long-Term Bond Yields Keep Rising
37:50 The Growing Government Debt Problem
40:06 Fed Liquidity & Quantitative Easing
41:20 Stock Market Outlook
42:14 Peter's Portfolio
43:39 Inside Goldman Sachs During the 2008 Crisis
45:57 Current Investment Opportunities?
49:08 Final Thoughts on Peter Berezin
51:05 The Coming Food Inflation Problem
54:50 Are We Entering a Commodity Boom?
55:35 Could the Bank of Canada Cut Rates?
58:21 Final Thoughts

Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.

#LoonieHour #macroeconomics #tradewar

The U.S. Treasury is taking steps that could help suppress long-term interest rates as exploding government debt and interest costs put increasing pressure on the financial system. We break down what this shift means for bonds, the U.S. dollar, commodities, Canadian housing and global markets. We also touch on Canada-U.S. trade, the Churchill Falls energy deal, rising diesel prices, Argentina, various speculative assets like crypto and Bitcoin skyrocketing, and the worsening economic slowdown in China.

Start an investment portfolio that's built to perform with Neighbourhood Holdings!
For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokers
For Investors and Advisors: https://www.neighbourhood.com/looniehour

Check out Saily at https://www.saily.com/looniehour and use our promo code 'LOONIEHOUR' to get 15% off your first purchase!

Schedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/

✉️ Media & Real Estate Inquiries: steve@stevesaretsky.com

Stay up to date with our information -
📫 My Real Estate Substack:
https://stevesaretsky.substack.com
📫 The Loonie Hour Substack:
https://looniehour.substack.com/about

📊➡️ Loonie Hour Socials: https://linktr.ee/looniehour

🎙️ Listen to the Podcast on Your Preferred Platform:
https://linktr.ee/looniehour

Timestamps:
00:00 Introduction
08:21 Canadian Housing Update
13:22 Mortgage Rates and Housing Risk
16:04 Canada-U.S. Trade Deal
17:48 Churchill Falls Energy Megadeal
26:53 The U.S. Bond Market Intervention
30:58 How the Treasury Is Suppressing Long Rates
35:53 America’s Exploding Interest Costs
40:36 Canada’s Debt Problem
46:37 What Higher Rates Would Do to Housing
50:48 Commodities vs Financial Repression
54:17 The Commodity Supercycle
56:50 Diesel Prices Are Surging
57:57 Argentina and the Currency Crisis
01:02:52 China’s Economy Is Getting Worse
01:07:25 Global Macro Trends Are Strengthening
01:08:03 Canada Inflation Update
01:08:45 Closing Thoughts

Disclaimer:
The information within our content is not intended to be or construed as investment advice. Please consult a professional advisor before putting a "loonie" into any of these financial markets.

#LoonieHour #macroeconomics #globaldebt