Bond markets are deteriorating rapidly as yields rise and credit spreads begin to widen across the U.S., Canada, Europe, and Japan. We discuss what tightening financial conditions could mean for housing, equities, the broader economy, as well as the possibility that a short-term recovery in bonds could ultimately prove to be a bear trap. Meanwhile, B.C.’s condo market continues to struggle with thousands of completed and unsold units as developers face mounting pressure. We also discuss Canada’s debt maturity schedule, Saskatchewan's push toward nuclear power, taxes and talent retention, and the renewed debate over immigration and temporary foreign workers.
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Timestamps:
00:00 Introduction
04:28 Loonie Hour Investor Series
07:26 B.C. Election & David Eby’s Condo Tax
10:40 Taxing Unsold New Condos
12:31 B.C.’s Growing Condo Inventory
14:39 Developers Cutting Prices & Raising Commissions
16:19 Why Developers Can’t Simply Slash Prices
18:02 Bond Stress Meets the Housing Market
19:49 Loonie Hour Investor Series
21:39 The Global Bond Selloff
23:08 High-Yield Credit Spreads Are Moving
26:12 Is a Bond Market Recovery a Bear Trap?
27:52 Tightening Financial Conditions
30:42 Bond Market Warning Signals
33:55 U.S. Economy Complicates the Rate Outlook
36:59 Canada’s Coming Debt Maturity Wall
38:29 Canada Reshapes Its Debt Profile
40:17 Why U.S. and Canadian Bond Yields Differ
45:22 Canada Still Doesn’t Have a Budget
46:58 Saskatchewan Pushes Nuclear Power
50:04 Canada’s Changing Energy Policy
51:25 High Taxes & Canadian NHL Teams
53:45 Canada’s Talent Retention Problem
54:25 Property Tax Freeze for Seniors
56:00 Generational Inequality in Canada
56:22 Canada’s Immigration Debate Returns
01:01:18 Ottawa & Montreal Events
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 #bondmarket