The issue for Canada and many other Western nations is that they have not yet paid off the debt that was incurred during the last round of deficit-financed stimulus spending. Still, Canada’s federal debt is low by international standards. Economist Sherry Cooper of Dominion Lending Centres is among those who are calling for a new…Read More
The question is how to look at what took place Monday in the context of previous market meltdowns — think 1987, 1997, 2000 and 2008. Having witnessed all of those events, Sherry Cooper has a particularly good vantage point on the current situation. Cooper, the former chief economist for BMO Capital Markets who’s now with…Read More
In another desperate move to boost a flagging economy, China devalued its currency by 2 percent overnight. The Canadian dollar nose-dived on the news following what had been a week-long recovery. The US dollar strengthened as capital flowed into the safe haven of the greenback. The surprise move sent shock waves through global markets, driving…Read More
The divergence between the Canadian and U.S. economies continues as the July employment data reveal Canadian weakness and U.S. strength. The Canadian economy added 6,600 jobs last month as services-related sectors continued to offset job losses in manufacturing and natural resources. The gains reflected more self-employed and part-time work, with the number of full-time jobs…Read More
The Canadian economy contracted in May by 0.2 percent, the fifth consecutive monthly decline. Here we go again. Another in a long list of serial disappointments for the Canadian economy. What is particularly troubling about this one is that the main culprit for the decline in May GDP was manufacturing, a sector that was supposed…Read More
No one expected the Fed to raise its benchmark short-term interest rate today for the first time since 2006. The Fed’s policy statement was, however, expected to at least hint at a rate hike at the next meeting in September. Fed Chair Janet Yellen has publicly stated she expects to raise rates this year–with three…Read More
The Bank of Canada cut its overnight rate target by 25 basis points to an historically low 0.5 percent today. The loonie immediately plunged to 77.5 cents U.S., down a full cent. The disparity between monetary policy in Canada and the U.S. is especially evident today as Janet Yellen, Chair of the Fed, is testifying…Read More
Economists had expected a weak employment report for June on the heels of the larger-than-expected gain in May. Canadian employment fell by 6,400 last month as the biggest decline in part-time work in more than four years dwarfed gains in full-time positions. The unemployment rate remained at 6.8 percent for the fifth month in a…Read More
China has more than 120 times the population of Greece and is the second largest economy in the world, dominating demand for natural resources. Oil prices have fallen sharply once again in recent weeks, driving the Canadian dollar down sharply yesterday. Adding to the loonie’s rout was the news that business spending plans for nonresidential construction,…Read More
Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped 32 bps. The rate increases in sovereign European bonds…Read More
Employment data for the U.S. and Canada were released this morning, and once again, there was more bad news for Canada. Employment edged down in April (-20,000) on the heels of relatively flat numbers for the year so far. This was the largest decline in employment since August. Gains in full-time employment were more than…Read More
The tone of today’s Federal Reserve Policy Statement was decidedly dovish as the Fed attributed only some of the slowdown in growth in the first quarter to transitory factors. Coming in at only 0.2%, GDP growth in the U.S. slowed to a crawl in the first three months of this year. Businesses slashed investments, consumers…Read More
The most remarkable thing about the 2015 federal budget is how little new is in it. Everything meaningful had been preannounced. Gone are the days of activist government at the federal level. The budget’s message of tax cuts and balanced budgets will form the core of the Conservative Party’s election campaign as it seeks a…Read More
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.Read More
Board diversity is a hot topic all over the world. Importantly, the issue has changed from one of equity and fairness to superior performance.Read More
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.Read More
“For now, core inflation in Canada remains quite low, giving the Bank plenty of leeway to maintain a very accommodative policy stance,” said Dr. Cooper.Read More
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 .Read More
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.Read More
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.”Read More
Sherry Cooper P.H.D
1st Jun 2014
Canada In The Global Economy
14th May 2014
Economy Growing But Challenges Remain
12th Apr 2014
Sherry Cooper P.H.D
Dr. Sherry Cooper is a sought-after speaker, writer and advisor renowned for her ability to simplify and de-mystify the complex subjects of economics and finance.
Dr. Cooper is Chief Economist of Dominion Lending Centres. Canada’s leading mortgage and leasing company with more than 2,200 members offering free expert advice across Canada. In this role, Sherry helps Canadians understand the issues surrounding their most important financial decision – buying a home.
An award-winning authority on finance and economics, Sherry is also TMX Industry Professor at DeGroote School of Business, McMaster University.
Named “the megawatt celebrity economist” by Canada’s national newspaper –and repeatedly cited as one of the most influential women in Canada, Sherry served as Chief Economist and Executive Vice-President of BMO Financial Group where she was responsible for global economic and financial forecasting as well as country-risk and industry-risk analysis. She joined BMO Financial Group in 1994 when it acquired Burns Fry, where she had been Chief Economist, Co-Head of Fixed Income and the first female director of a Bay Street investment firm.
Well-known as a media commentator, Sherry’s third book – The New Retirement: How It Will Change Our Future – was a block-buster best-seller.
Dr. Cooper has an M.A. and Ph.D. in Economics from the University of Pittsburgh. She began her career at the Federal Reserve Board in Washington, D.C. where she worked very closely with then-Chairman, Paul Volcker and subsequently joined the Federal National Mortgage Association (Fannie Mae) as Director of Financial Economics.
BOOKS BY DR SHERRY COOPER
The New Retirement
How It Will Change Our Future In The New Retirement, global economic strategist Sherry Cooper explains that the boomer generation will be reaching traditional retirement age very soon and that an enormous wave of boomer retirees will crest in 2025. This phenomenon will profoundly affect the labour markets, the economy, and financial markets for decades….
Ride The Wave
In Ride the Wave, Dr. Sherry Cooper, global economic stregist, regular CNBC guest, and former Fed economist, shows how yesterday’s predictable business cycles have been replaced with a spiraling, unending rollercoaster. Yes, says Cooper, we are in the early stages of an “upwave.” In 20 years, the world will be a far wealthier place. But…
The Cooper Files
Never before in history has change been so rapid or so pervasive. We are in the early stages of a technology revolution that is changing the way we communicate, live, work, play and do business. What is Canada’s role in this transforming economy? How can Canadians prepare and profit from such change? Sherry Cooper provides…
If you would like to book Dr Sherry Cooper to make a presentation or have any other questions please use the form below to send her an email.