Year: 2015

It is no surprise to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that the underlying trend in inflation continues to be about 1.5 to 1.7 percent. Even before the landslide sweep of the Liberal Party into power, assuring a more stimulative fiscal policy next year, the…

What does a Liberal majority and the promise of deficit spending by the Trudeau government mean for the average homeowner? According to Sherry Cooper, the chief economist at Dominion Lending Centres, you might want to re-assess your mortgage. “Particularly so because running deficits means issuing more debt and increasing the supply of government bonds means…

The majority win by Justin Trudeau’s federal Liberal Party in last night’s (October 19) election pushes Trudeau’s campaign promises of an overhaul of Canada’s tax system and increased infrastructure spending to the forefront, according to a TD Economics note to investors released October 20. Sherry Cooper, chief economist for Dominion Lending Centres, said the unexpected…

From Business News Network (BNN): Sherry Cooper, Chief Economist, Dominion Lending Centres says she’s optimistic about the Canadian economy following the Liberal majority victory in the election. She adds that a “very positive attitude” is now in place and the time is right for ramped-up fiscal stimulus to stimulate the economy.

The stunning Liberal victory across the country puts to rest the spectre of political uncertainty. As the news broke, the Canadian dollar was more resilient than expected. Indeed, by the time the national media predicted a Liberal majority government, the Canadian dollar was recovering from its initial drop, showing that Trudeau was seen by the…

The last employment report before the October 19 federal election has to be disappointing for the Harper campaign. The unemployment rate edged up to 7.1 percent–slightly higher than the 7.0 percent posting in August–and employment grew a mere 12,000, in line with modest expectations. At least job seekers must be a bit more optimistic as…

Real gross domestic product (GDP) for July was posted at an better-than-expected 0.3 percent, confirming that the economy rebounded in the third quarter from the contraction in the first half of the year. Although oil prices remain depressed and commodity prices in general have fallen, the economy has been bolstered by the fall in the…

A significant slide in a preliminary measure of China’s factory activity for September is getting more attention than usual because Janet Yellen mentioned concern about China’s economic outlook as a reason for Fed caution. This reduces the odds of a rate hike in October. Data released in China last night showed that companies are struggling…