I concur with the consensus view that the Bank of Canada will hold overnight rates steady at 0.75 percent when they meet this Wednesday. The post-meeting press conference and the April Monetary Policy Report (MPR) will take a guarded tone of continued unease. First quarter economic growth has been well below the 1.5 percent pace […]
Global economic growth will be flat this year and likely next, at 3.2 percent, as the emerging world slows and the U.S. economy outpaces the rest of the developed world. Despite the relative strength of the U.S. economy, the Fed will keep interest rates low for longer than most pundits expect. To be sure, the […]
Much has been made of one sentence in the Federal Reserve’s prior press release in late January: “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.” Since that Federal Open Market Committee (FOMC) meeting, U.S. economic growth moderated a bit, but the […]
The province that was the envy of all others is now confronted with serious budgetary red ink, estimated at about $7 billion. Thanks to the oil price rout, royalty income has plunged and the overall economy has slowed dramatically. The Alberta budget will be brought down on March 26. Alberta’s coveted triple-A credit rating hinges […]
A quick perusal of recent missives from the chief economists of Bay Street reveals an overwhelming unanimity in trashing the surprise January Bank of Canada rate cut . The claim is that surprising the markets causes volatility, which is inherently bad. Some suggest that the move exacerbated an already weakening economy by causing Canadians to […]
For Immediate Release March 4, 2015 Vancouver, B.C.- Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres (DLC) was expecting the Bank of Canada to leave interest rates unchanged today in the wake of the surprising rate cut in late January. Governor Stephen Poloz signaled this wait-and-see stance last week, following criticism that his surprise […]
In January, the Bank of Canada cut interest rates by one-quarter-percentage point. This led to a number of our offices reporting higher than usual activity over the last month. So, will the Bank of Canada make an additional cut when they meet tomorrow?
Mortgage Broker News spoke with Dominion Lending Centre’s new Chief Economist about what to expect from rates in 2015 and what affect any changes will have on broker business. MBN – Sherry Cooper – Feb 26 – V2 from Key Media on Vimeo.
From BNN: Sherry Cooper, Chief Economist, Dominion Lending Centres, joins Frances Horodelski to discuss her new role, outlook for the economy, housing market and commodities.
The research I did for my most recent book, The New Retirement, taught me that a sense of purpose and legacy is essential to happy, healthy aging. By definition, leaving a legacy requires advanced planning that evolves over every stage of life. For me, by the time I was in my mid-teens, I knew I […]