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.
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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
