Did the Bank of Canada Just Waive the White Flag? – The Loonie Hour #055

Steve Saretsky -

Did the Bank of Canada Just Waive the White Flag? – The Loonie Hour #055 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!! Listen to The Loonie Hour on your favourite podcast platform: The Loonie Hour on Spotify: The Loonie Hour on Apple Podcasts: #TheLoonieHour #Macroeconomics #PersonalFinanceCanada

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The Canadian Economy

Mohit Chawla -

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...

Mohit Chawla -

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...

Mohit Chawla -

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.

Mohit Chawla -

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...

Steve Saretsky -

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 ! 

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The Saretsky Report. December 2022