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Mark Carney: 10 Years of Canadian Policy was Wrong (Policy Changes Are Coming)
Mark Carney just admitted the last decade of energy policy was a total bust and didn’t fit economic reality, so we’re breaking down his massive pivot on Canadian oil and gas. We also hit on the US-Iran deal being a temporary play for the midterms, the stock market ditching tech for safe-haven sectors, and the economic mess left behind after Canada, the US, and Mexico missed their big July 1st trade deadline.
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Timestamps:
00:00 Introduction
02:38 Why Nuclear Is Canada’s Competitive Advantage
05:24 Canada’s Push Toward New Nuclear Projects
09:26 Public Fear Versus Nuclear Reality
10:40 Europe’s Heat Wave & Air Conditioning Debate
17:20 Climate Policies Versus Human Comfort
17:57 Mark Carney’s Major Energy Announcement
20:09 The Political Cost of Energy Policies
25:14 Canada’s Massive Economic Opportunity
31:53 Current Accounts, Trade, and National Wealth
34:29 Oil & Gas, and Economic Reality
36:20 What Happens to the Loonie
38:30 US Midterms Predicament
39:11 Geopolitical Outlook & Peace Deal
42:50 Understanding the Oil Crack Spread
44:37 Can Commodity Markets Be Manipulated?
48:54 What Happens If Bond Markets Collapse
55:27 The Cost of Long-Term Uncertainty
57:13 Brexit Parallels and Economic Lessons
59:27 Why None of This Is Positive
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 #carney
MEET THE HOSTS
Steve Saretsky
Steve Saretsky
Steve is a top producing Vancouver Realtor and Real Estate investor, and is widely considered a thought leader in the industry with regular appearances on BNN, CBC, and Yahoo Finance. Steve’s dedication to analyzing the stats, financial landscape, and policies affecting Canadian Real Estate have allowed him to build a successful business among the top 1% of Greater Vancouver Realtors, while working with and providing advisory services to investment advisors, financial institutions, policy makers and Real Estate developers.
Keith Dicker
IceCap Asset Management
Keith has over 20 years of investment experience as a portfolio manager. He started his career in Halifax with a large Canadian bank where he managed high net worth portfolios on a discretionary basis. Next, for 10 years Keith managed portfolios for an offshore bank in Bermuda where as a senior portfolio manager and head of global equities, he was responsible for global investment strategies including asset allocation, equities, fixed income, commodities, alternative investments, and multi-currency.
Richard Dias
IceCap Asset Management
With over 15 years of experience as a global macro strategist for institutions in Canada and the U.K., Richard is driven to provide a data-driven perspective to the listeners of the Loonie Hour. Having started his career at BCA Research, then as the Global Macro Strategist for the U.K.-based hedge fund, and as Senior Global Strategist for Pictet, a Swiss Asset Management firm, Richard can be relied upon to provide actionable insights for asset allocation and portfolio construction as a well as a unique perspective on economics and capital markets. Recently, he has joined Keith Dicker and IceCap Asset Management, a firm better aligned with his values and better able to leverage his experience.
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