DATE

Is this the Last Interest Rate Hike From The Bank of Canada? – The Loonie Hour #067

Mohit Chawla -

National house prices continued their slide in December and are now down 17% since peaking. Inflation continues to fall but businesses don’t believe we will see 2% inflation anytime soon. Twinkie bets are out, the Bank of Canada is poised for a rate hike next week. Investors are lining up to withdraw nearly $20B worth of funds from private Real Estate.

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#TheLoonieHour #Macroeconomics #PersonalFinanceCanada

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The Canadian Economy

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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...

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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...

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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.

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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...

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The Saretsky Report. December 2022