The Loonie Hour

Today, we are joined for the fourth time by energy and policy expert Heather Exner-Pirot to discuss Canada's dramatic shift in energy policy and what it means for the country's future. We break down the push to build new pipelines, the growing role of nuclear power and critical minerals, and why Ottawa is embracing major infrastructure projects after years of opposition. We also examine the Bank of Canada's latest interest rate decision, why policymakers are keeping a close eye on oil prices, and what it all means for inflation, housing, and the Canadian economy.

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 a 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
05:10 Canada's Housing Market Conditions
07:21 Condos Are Still Struggling
15:14 Heather Exner-Pirot Joins The Show
16:51 Do We Have Our Next Pipeline?
27:05 Ottawa and Alberta's Oil
39:54 Oil Sands Story
43:53 Legal Risks for Future Pipelines
48:06 Canada's Nuclear Future
50:59 CANDU Nuclear Story
53:59 Canada's Critical Minerals
59:59 The Future of Canada's Energy Sector
1:03:11 Canada's Looming Electricity Issue
1:06:48 BOC Holds Rates
1:09:47 Higher Oil Prices Implications
1:13:01 Spending More With Debt

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 #canada #macroeconomics

We're joined by macro strategist Kevin Muir—famously known online as The Macro Tourist—to break down the massive fiscal deficits pushing markets forward. We dive into the staggering reality of Canada’s new government-funded pipeline project, which is costing a massive $35B+ but driving up to 140,000 jobs.

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 a 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

[10/07/26, 7:48:33 PM] ~ Jeff: Timestamps:
00:00 Introduction
04:49 Oil, Iran, Pipelines, And More
08:24 Introducing Kevin Muir
13:10 Opposing Views
14:02 Will The Bank of Canada Cut Rates?
15:29 Why The Feds Could Turn Hawkish
17:24 The Bond Market and Kevin Warsh
20:18 Rate Hike Probability
23:17 A Different Rate Cycle
26:04 Modern Monetary Theory
27:19 Government Spending In Inflation
29:20 The Pipeline Story and Fiscal Spending
30:02 Did Deficits Help The U.S.?
32:08 The Rest Of The World Follows
35:37 Canada's Financial Position Globally
37:26 Could Canadian Capital Return Home?
38:54 Another Global Stimulus?
39:40 The NATO Defense Spending Expansion
41:12 Canada's Looming Commodity Boom
44:10 The MMT and Politics
44:55 The Next Major Commodity Cycle
51:26 Why Oil Became An Attractive Investment
54:05 Long Term Bullish Oil Thesis
1:01:26 What's The Next Market Bubble?
1:05:18 Canadian Growth May Take Years
1:06:29 The Alberta Pipeline Story
1:09:39 Canada's Economic Outlook Improves
1:10:00 Is Defense Spending Economically Productive?
1:12:13 Canada's Trade Surplus
1:12:57 All Eyes On The BOC's Next Meeting

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 #canada #macroeconomics

Mark Carney just admitted the last decade of energy policy was a total bust and didn't fit economic reality, so we're breaking down his massive pivot on Canadian oil and gas. We also hit on the US-Iran deal being a temporary play for the midterms, the stock market ditching tech for safe-haven sectors, and the economic mess left behind after Canada, the US, and Mexico missed their big July 1st trade deadline.

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 a 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
02:38 Why Nuclear Is Canada's Competitive Advantage
05:24 Canada's Push Toward New Nuclear Projects
09:26 Public Fear Versus Nuclear Reality
10:40 Europe's Heat Wave & Air Conditioning Debate
17:20 Climate Policies Versus Human Comfort
17:57 Mark Carney's Major Energy Announcement
20:09 The Political Cost of Energy Policies
25:14 Canada's Massive Economic Opportunity
31:53 Current Accounts, Trade, and National Wealth
34:29 Oil & Gas, and Economic Reality
36:20 What Happens to the Loonie
38:30 US Midterms Predicament
39:11 Geopolitical Outlook & Peace Deal
42:50 Understanding the Oil Crack Spread
44:37 Can Commodity Markets Be Manipulated?
48:54 What Happens If Bond Markets Collapse
55:27 The Cost of Long-Term Uncertainty
57:13 Brexit Parallels and Economic Lessons
59:27 Why None of This Is Positive

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 #canada #carney

The Canadian Condo Bailout lands in Vancouver, & Dan Foch fills us in. Which condos will the government buy, and is it going to be good value for tax payers? These are the questions we are trying to unravel. Energy expert Mike Rothman joins the show to share the details of why oil is being underestimated, and where he thinks it’s heading.

Check out the latest Loonie Hour Substack post here!
https://open.substack.com/pub/looniehour/p/canadas-big-short-moment?r=2g3ok&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Check out Mike Rothman's Macro Energy research at https://www.cornerstoneanalytics.com/index.html

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

Join Seeking Alpha Premium And Get 25% Off Today!: https://link.seekingalpha.com/52636H6/4G6SHH/

✉️ 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
04:46 Introducing Our Guests!
05:26 The Canadian Condo Bailout Begins
07:29 Kevin Warsh & The Feds
08:41 Prepare For Volatility
13:41 The Problem With Government Intervention
16:07 Condo Program Breakdown
17:18 Who Benefits From The Bailout?
19:52 Why Investors Wouldn't Buy First?
23:34 Dog Crate Condos and Falling Demand
24:46 Could Prices Fall Another 50~75%
30:42 Wasting Government Spending
31:48 Housing Policy and Unintended Consequences
36:01 Canada's Real Estate Identity Crisis
40:32 Transition to Mike Rothman
41:47 Canadian Oil Bull Case
42:57 Responding to Anti-Oil Narratives
44:19 Oil Became Politically Toxic
50:28 Supply Constraints Are Getting Worse
53:21 Why Energy Investment Never Came Back
56:27 Russia, Ukraine, and Energy Geopolitics
59:11 Europe's Energy Mistakes
1:00:17 Long-Term Commodity Supercycles
1:05:17 Cushing Crude Stocks Explained
1:06:31 Physical Markets vs Financial Markets
1:12:05 Why Markets Ignored The Signs?
1:18:09 Green Energy Realities vs Oil Demand
1:20:52 Why Oil Still Matters For Decades?
1:25:06 Economic Cost of Inaction
1:28:11 Lessons From Global Credit Crisis
1:32:18 Canada's Future Growth Potential
1:35 What Canada Needs To Do Next?

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 #canada #macroeconomics

The Canadian government is rushing to pass sweeping regulations that will change privacy and social media forever. The US and Iran reach an agreement. Oil tumbles. The Fed signals rate hikes are coming.

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

Join Seeking Alpha Premium And Get 25% Off Today!: https://link.seekingalpha.com/52636H6/4G6SHH/

✉️ 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
05:11 The Push for New Speech Laws
07:49 Bill C-2, Bill C-22 and Government Overreach
15:44 Sam Cooper Joins the Show
17:04 Canada's New Laws Lack of Coverage
20:39 China's Influence and Interference?
25:47 UK Speech Crackdown Comparison
30:32 Bill C-22's Data Collection Concerns
35:28 Canada's Strategic Position
41:25 Privacy Rights, Surveillance & Government Tracking
49:20 Charter Rights, Legal Costs & Unequal Justice
55:58 Chinese Organized Crime
58:16 Canada's Money Laundering Problem
1:02:44 Immigration, Politics & Public Sentiment
1:06:42 Global Conflict, Commodities & Inflation
1:10:47 Federal Reserve Communication Changes
1:15:01 What the Fed Is Really Signaling?

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 #canada #carney