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-2000313438341Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourCheck 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: [email protected] 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/looniehourTimestamps:00:00 Introduction06:52 Canada Housing Hits a 23-Year Low09:34 Housing Inventory & Cancelled Listings11:11 Housing Starts Keep Falling13:18 What Happened to the 500,000 Homes?14:03 Should Canada Keep the Foreign Buyer Ban?18:38 Canada’s Massive Investment Push20:16 Canada Cuts Investment Taxes22:55 Breaking Down the $500B Investment Commitment24:53 Where Are the Foreign Investors?27:13 Canada’s Biggest New Investment Projects30:27 Did Trump Force Canada to Change Course?34:24 Canada Embraces Energy Again38:04 Why Investment Will Take Years to Materialize42:26 Central Banks Turn Hawkish46:22 Could the Bank of Canada Raise Rates?48:02 Higher Rates Won’t Fix Energy Inflation51:00 Global Bond Markets Under Pressure56:12 The Global Energy Crisis Deepens58:43 The World Is Running Out of Energy Capacity01:01:07 Oil Tanker Costs Explode01:02:19 Canadian Mortgage Rates Under Pressure01:05:06 Mortgage Arrears Hit a Decade High01:06:18 Canada & the European Union01:09:49 Canada Already Has an EU Trade Deal01:11:03 Europe’s Sovereign Debt Risks01:12:28 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-2000313438341Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourSubscribe to Ben Rabidoux's Edge Analytics and Save $10/month forever!https://www.edgeanalytics.ca/lh39Check 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: [email protected] 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/looniehourTimestamps:00:00 Introduction08:12 Is Canada’s Housing Market Bottoming?11:27 Mortgage Rates Are Moving Higher16:05 When Will Bonds Become Attractive Again?18:19 Bank of Canada Rate Hikes Are Coming20:04 Inflation Expectations Matter23:35 Europe Is Raising Rates Again25:22 The Next Wave of Inflation30:02 Canada’s Regional Housing Markets31:40 Canada’s Rental Market Will Stay Weak32:54 Canada-U.S. Trade War Escalates35:01 Mortgage Delinquencies Hit Record Highs37:16 The Mortgage Renewal Wave Is Here40:16 Canada’s Economy Faces More Pressure41:44 The Risk To Canadian Banks44:58 Canada’s Money Laundering Problem49:40 How Iranian Capital Can Enter Canada53:09 Good News For Canada53:31 Foreign Investors Are Buying Canadian Bonds54:28 Oil & Gas Is Helping Balance Canada’s Budget56:08 Is Canada Becoming More Pro-Energy?58:35 Canada’s Politically Charged Environment01:02:38 Bank of Canada Rate PredictionsDisclaimer: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-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourSchedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/✉️ Media & Real Estate Inquiries: [email protected] 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/looniehourTimestamps:00:00 Introduction05:14 Vancouver Housing Sales Hit 2012 Lows09:48 Builders Get Aggressive on Prices14:56 Rent Controls & Canada’s Housing Supply22:46 Why Rent Controls Don’t Work27:50 Bank of Canada & Interest Rates30:36 Central Banks Talk Tough on Inflation38:01 Global Bond Yields Are Surging41:39 Is a Sovereign Debt Crisis Coming?43:15 The Ultimate Bond Market Bear Trap45:38 Canada’s GDP Gets Revised Higher47:55 Could the Bank of Canada Raise Rates?51:15 The Overlooked Energy Trade52:55 Russia-Ukraine Energy Infrastructure Attacks56:32 Global Oil & Natural Gas Supply Tightens59:38 The Bull Case for Commodities01:01:50 Energy Prices Are Spiking01:04:36 The Opportunity in Higher Oil PricesDisclaimer: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-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourCheck 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: [email protected] 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/looniehourTimestamps:00:00 Introduction04:29 Canada-US Trade Deal Falls Apart05:59 Carney Moves Closer to Europe08:20 What Happens Without a Trade Deal?11:13 Is This Really About Canada or China?12:21 Peter Berezin Joins the Show13:33 Economic Impact of the Canada-U.S. Trade War15:20 Could Canada Actually Win?17:09 Risk of Canada Losing Manufacturing17:49 Could More Stimulus Be Coming?19:36 Canada's Productivity Problem22:22 How Canada Can Turn Things Around24:05 How Transformational Will AI Really Be?26:26 The Massive AI Spending Boom27:37 AI's $10 Trillion Revenue Problem30:26 Are Corporate Margins Sustainable?33:40 AI Agents, Stablecoins & Crypto35:06 Why Long-Term Bond Yields Keep Rising37:50 The Growing Government Debt Problem40:06 Fed Liquidity & Quantitative Easing41:20 Stock Market Outlook42:14 Peter's Portfolio43:39 Inside Goldman Sachs During the 2008 Crisis45:57 Current Investment Opportunities?49:08 Final Thoughts on Peter Berezin51:05 The Coming Food Inflation Problem54:50 Are We Entering a Commodity Boom?55:35 Could the Bank of Canada Cut Rates?58:21 Final ThoughtsDisclaimer: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-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourCheck 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: [email protected] 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/looniehourTimestamps:00:00 Introduction08:21 Canadian Housing Update13:22 Mortgage Rates and Housing Risk16:04 Canada-U.S. Trade Deal17:48 Churchill Falls Energy Megadeal26:53 The U.S. Bond Market Intervention30:58 How the Treasury Is Suppressing Long Rates35:53 America’s Exploding Interest Costs40:36 Canada’s Debt Problem46:37 What Higher Rates Would Do to Housing50:48 Commodities vs Financial Repression54:17 The Commodity Supercycle56:50 Diesel Prices Are Surging57:57 Argentina and the Currency Crisis01:02:52 China’s Economy Is Getting Worse01:07:25 Global Macro Trends Are Strengthening01:08:03 Canada Inflation Update01:08:45 Closing ThoughtsDisclaimer: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

We sit down with Jim Thorne, Chief Market Strategist at Wellington-Altus Private Wealth, where he believes that we are setting up for a Secular Bull Market coming up. We go through the global debt problem, and why AI could fuel a massive new investment cycle. Lastly, we'll touch on falling rates, explosive earnings growth, Bitcoin’s generational opportunity, and whether today’s technology boom ultimately ends like the dot-com bubble. We also discuss Canada’s economic challenges, a country deserving to be one of wealthiest in the world, yet decades of poor policy and underinvestment have left us falling behind. Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourCheck 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: [email protected] 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/looniehourTimestamps:00:00 Introduction04:41 Introducing Jim Thorne10:39 What Went Wrong With Canadian Finance?13:45 Why Canada Is Falling Behind16:04 Canada’s Natural Resource Problem22:41 The Global Debt Problem24:36 Canada Enters Secular Stagnation29:01 The AI CAPEX Supercycle33:15 What Happens to Canada and Europe?34:43 Trump’s Economic Strategy36:17 Carney Understands the Global Pivot?38:37 The Problem With Canadian Banks39:24 Canada’s Coming Structural Adjustment44:21 Why Higher Rates Can Increase Inflation45:19 The Fed’s Next Move49:36 AI, Growth, and the Stock Market50:19 Why Jim Thinks Bond Yields Fall56:09 Trump, Crypto, and Tokenization57:31 The Great Bond Debate58:07 The Bitcoin Debasement Trade58:31 “Bitcoin Is a Generational Opportunity”01:00:40 Post-Interview Reaction01:02:47 The End of the Keynesian Supercycle01:05:08 America’s Exploding Interest Bill01:06:00 Gold, Bitcoin, and Debasement01:09:35 Can AI Solve the Demographic Problem?01:11:24 America Is Sucking Capital From the World01:12:31 The AI Agent Economy01:13:51 Another Dot-Com Bubble?01:15:27 OutroDisclaimer: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 #bullmarket

Why is the US stepping in to help Japan, and what does it mean for Canadians? China’s multi-decade tax crackdown, and $2.7 billion in new federal funding for rental units - plus the latest data on Canadian housing and rate expectations.Stay Up To Date With The Loonie Hour Substack: https://looniehour.substack.com/aboutStart an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourSchedule an exploration call with IceCap Asset Management: https://icecapassetmanagement.com/contact/✉️ Media & Real Estate Inquiries: [email protected] 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/looniehourTimestamps:0:00 Introduction06:29 Canada’s Housing Market Still Struggling09:24 Condo Inventory Is Finally Falling10:50 Where Are Canadian Mortgage Rates Going?14:58 Is the Housing Crisis Already Being Solved?18:42 Canada’s Housing Affordability Is Improving20:11 Is Canada Becoming a Nation of Renters?23:06 China Launches a Global Tax Hunt25:21 China’s Banking System Is in Trouble29:55 Real Estate vs Gold as a Store of Wealth33:04 Japan’s Yen Crisis Explodes35:39 The U.S. Steps In to Help Japan38:13 Why Global Bond Yields Are Rising41:06 Why America Is Helping Japan43:34 The U.S. Dollar “Escape Room”47:15 Trump, Warsh and the Federal Reserve49:09 Is the Treasury Manipulating the Yield Curve?51:34 U.S. Housing Is Completely Frozen53:28 The Politics Behind the Yen Intervention55:22 Could Jackson Hole Bring a Major Policy Shift?56:35 America’s 7% Mortgage Problem58:31 Where Does the Yen Go From Here?01:00:25 Gold Is Starting to Move AgainDisclaimer: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 #federalreserve

The Federal Reserve is changing how it communicates with markets, and the ripple effects are being felt across bonds, currencies, housing, and equities. We break down Kevin Warsh’s shift away from forward guidance, why long-term Treasury yields continue to climb, and what it could mean for interest rates going forward. We also discuss New York’s proposed second-home tax and government-backed grocery stores, the escalating conflict between the US and Iran, Korea’s margin-call meltdown, growing weakness in the bond market, pressure on the Canadian dollar, and why the energy sector may present one of today’s most compelling investment opportunities.Start an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourSchedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/✉️ Media & Real Estate Inquiries: [email protected] 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/looniehourTimestamps:00:00 Introduction04:58 Canada’s Housing Bailouts Aren’t Working09:14 Will Higher Taxes Drive Capital Away?15:31 Canada’s Empty Homes Taxes16:57 When Homeowners Are Forced to Sell20:10 Could Canadian Housing Stagnate for a Decade?21:51 Kevin Warsh’s New Federal Reserve22:51 The End of Forward Guidance24:44 Why the Fed May Raise Interest Rates26:22 Is the US Dollar About to Explode Higher?28:34 Quantitative Easing Never Really Ended30:50 What to Expect at Jackson Hole32:19 US 30-Year Treasury Yields Surge33:49 Could Long-Term Rates Eventually Reach 20%?37:02 America’s Growing Debt Wall39:01 Why the Bond Market Keeps Deteriorating41:48 The US-Iran War Escalates Again42:44 Are We Already in World War III?45:13 The Rotation Out of Technology Stocks46:22 Korea’s Leveraged Investing Disaster47:02 The AI Hedge Fund That Blew Up50:59 The Market’s Back-to-Back Bubbles52:15 Hedge Funds Turn Bearish on the Canadian Dollar54:26 The Market’s Biggest Current Debate55:12 US Mortgage Rates Reach a One-Year High56:19 America’s Multifamily Housing Crisis57:06 Cheap Money Created an Oversupply Problem57:30 The Feds Inflated Home PricesDisclaimer: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 #geopolitics

Geopolitical Expert Dr. Pippa Malmgren breaks down what is really driving global markets, energy policy, and the massive geopolitical shifts happening right now.We looked at why & why the US is reshaping global energy control, the tough choice Canada faces between old European ties and a changing American strategy, and where the global economy is heading next as tech, nuclear power, and space take over.Visit Dr. Pippa Malmgren's Substack here:https://substack.com/@drpippaStart an investment portfolio that's built to perform with Neighbourhood Holdings! For Mortgage Brokers: https://www.neighbourhood.com/looniehour-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourSchedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/✉️ Media & Real Estate Inquiries: [email protected] 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/looniehourTimestamps:00:00 Introduction07:43 Pippa Malmgren Joins the Show10:21 The Nuclear Energy Revolution11:44 Globalism Is Changing14:44 Which Countries Are Embracing the Future?20:56 What Canadians Are Missing About America26:18 AI Is Creating a New Economic Model28:44 Does Canada Discourage Risk-Taking?33:51 The Arctic, Space & the New Global Economy37:17 Data Centers Are Moving to Space39:13 Small Modular Reactors & Unlimited Energy43:36 Why Nuclear War Is No Longer an Option46:30 China, Russia & the Push for Peace50:30 What Happens After Trump Leaves?53:35 Iran, Venezuela, Taiwan & Ukraine Are Connected54:28 Moving the World Beyond Oil & Gas55:45 Canada’s Identity Crisis1:01:02 Establishment vs. Anti-Establishment1:01:55 The World in 5–10 Years1:05:52 What Rwanda Can Teach Canada1:06:54 Canada Could Become a Space Nation?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 #geopolitics

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-brokersFor Investors and Advisors: https://www.neighbourhood.com/looniehourSchedule a call with IceCap Asset Management: https://icecapassetmanagement.com/contact/✉️ Media & Real Estate Inquiries: [email protected] 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/looniehourTimestamps:00:00 Introduction05:10 Canada's Housing Market Conditions07:21 Condos Are Still Struggling15:14 Heather Exner-Pirot Joins The Show16:51 Do We Have Our Next Pipeline?27:05 Ottawa and Alberta's Oil39:54 Oil Sands Story43:53 Legal Risks for Future Pipelines48:06 Canada's Nuclear Future50:59 CANDU Nuclear Story53:59 Canada's Critical Minerals59:59 The Future of Canada's Energy Sector1:03:11 Canada's Looming Electricity Issue1:06:48 BOC Holds Rates1:09:47 Higher Oil Prices Implications1:13:01 Spending More With DebtDisclaimer: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