The Fed Raises Rates — Will the Bank of Canada Follow?
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How are rising oil, diesel, and jet fuel prices affecting Canadian consumers and the broader inflation?
So if their wages are not keeping up with inflation,
they're just falling behind and more, behind, and more behind. Can consumers absorb it?
20% increase in the delivery of the goods. Wow, I just spent a hundred dollars and I feel like I do not have much in my grocery bag for a hundred bucks. Like the Bank of Canada mentioned. They're keenly aware that AI is sucking out a lot of capital and making bond yields rise. You had Carolyn Rogers that mentioned it and then you had Kevin Warsh specifically mention that as well. The Pro 20X, the one that you have, is 200 a month for approximately fourteen thousand dollars, max value per month.
You think about how bad this was, like the stuff that we didn't know about during O seven, oh eight of like all the cross collateralization and how systemically significant the financing circles were around this space. We see it now. It's out in the open for this this trade and people are still piling into it and it and the num there's four more zeros on the end of it and it's a brand new technology that nobody knows about. I think these guys are racing to become too big to fail and they're comfortable with all of this circular financing because they want it to be six systemically risky to so that they can continue running non viable business models and the government has to bail them out. Welcome back to the Canadian Real Estate Investor Podcast, Canadian Investor Podcast, Collab, Macro, whatever.
What do we call it? I don't know, month uh weekly macro live call. Canadian macro. investor.
Yeah, the Canadian macro investor or just our weekly macro chat. It feels like um it's always fun. There's just so much to talk. Where when we do uh the Canadian investor more news, earnings, look at companies, obviously different concepts. Like sometimes you get a bit of lulls, but uh on the macro front it just seems there's been stuff every single day, right? So So it's
literally the easiest time in human history to be a commentator on macro. And also like somebody who maybe does I just I feel like I have a beginner's mind to all of this stuff and like I don't know what I I I feel like I just approach it with from a place of ignorance. Like I let's assume that I really don't understand a lot of this stuff and I try and learn as deeply as I can. And I feel like every variable that's being introduced, I mean there's new variables which we're gonna talk about today, which are like a AI, right? Like new technologies. Are there past cycles that, you know, you've had transformative technologies that were this this productive or this much of a substantial increase on productivity and like existential in nature?
Maybe, maybe like the, you know, like machines, probably, like the the like car would be a a a decent one, or like radio, you know, the ability to start broadcasting. And then I think the internet maybe was the sort of the next one. Yeah. So I think there's all of that. And then We have oil, which like oil you got to go back a bit to get comps on the you know, like you're going to like 79, Iran, Iran contra deal in the nineties, um, you know, some of the other Middle East conflicts. And then you've got bond yields. I think like I mean it's you could go go to look at all these past cycles and try and figure, you know, see a version of this that And and try and say, okay, what is what it what it what should we expect here?
And you know, it's like not, you know, history what's the saying? History doesn't repeat itself, but it often rhymes. Yeah. I feel like this is where we're trying to to s say, like, is there anything that you can learn from past cycles for what's happening in this one? Yeah, I don't know. Tell me, uh tell me what your thoughts are. What you think we're gonna be going going through today.
Yeah, I mean it's I mean it's really interesting. There's just so much stuff to talk about. I was sharing, um, there's just starting to be gas stations in the US that are running out of diesel, and obviously diesel is hitting record highs. And that's one of the most interesting
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Chapters
3 chapters
1
How are rising oil, diesel, and jet fuel prices affecting Canadian consumers and the broader inflation?
0:00–46:55
2
What impact will the Fed’s recent rate hike have on Canadian bond yields and the Bank of Canada’s policy decisions?
46:55–52:06
3
How are AI financing, massive capital spending, and government subsidies influencing bond yields and the macro environment?
52:06–1:12:32
Speakers
3 identifiedMore from The Canadian Investor
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