Richard Diaz

speaker

477 appearances 2 recordings 1 series first heard Sep 2026 last heard 6d ago

Richard Diaz’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Sep 2026 with 2.

Appearances

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The Loonie Hour · Could the US Sanction Canadian Banks Next? w/ guest Ben Rabidoux · 11 Sep 2026 podcast

And so you've seen it basically lockstep.

So when commodity prices go up, Canada's perfor equity market uh like basically just outperforms global markets XUS.

And I think the reason the banks have gone done so so well, I think it's just people want to buy into Canada, and I think that's that's like 38% or whatever, some ridiculous number of the market cap of the Canadian equity market.

I lied.

33% is financials, 21%.

Is banks.

I think people just buy the ETF.

And so they want exposure to commodities and oil.

And so they think they just buy the ETF.

And I think that that's in part why because you can the because the because the earnings have obviously been really strong for banks, which is weird.

I don't know, Ben, maybe you can better explain that.

But I think it's there's a weird thing to do with commodities that I think screws all that

but oil, oil, gold, all these things.

I'm serious.

We've talked about it, right?

I mean, these jokers have been bailed out by higher oil prices.

Keith, those are the same people who say we shouldn't sell them oil.

Or electricity.

But we receive a lion's share of our refined oil product.

from underneath the Great Lakes and Quebec is buying electricity from New York and Vermont and all the other places.

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