January 20, 2016

Category: Articles

Bank Of Canada Does Not Cut Rates

In an evenly divided call by market analysts, the Bank of Canada maintained its target for the overnight rate at 1/2 percent. The Bank said that inflation prospects are largely as expected and that “the dynamics of the global economy are broadly as anticipated in the Bank’s October Monetary Policy Report (MPR).” Really? ¬†Oil prices…

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January 15, 2016

Category: Articles

Will The Bank of Canada Cut Rates Next Week?

Expectations of a Bank of Canada rate cut next week are mounting and for good reason. The Canadian economy is showing signs of considerable weakness and business investment plans have been cut. Oil prices continue to decline sharply and Iranian oil supply will be coming on stream shortly. Energy companies continue to slash payrolls and…

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January 11, 2016

Category: Media Reporting on Sherry Video

Commodity price rout being felt outside the oil patch: BoC

From Business News Network (BNN): The impact of collapsing crude prices is putting a damper on Canadian business sentiment far beyond the oil patch, the Bank of Canada said in its quarterly business outlook survey. BNN speaks to Sherry Cooper, Chief Economist, Dominion Lending Centres for reaction.

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January 8, 2016

Category: Articles

U.S. Job Strength Vindicates Fed Rate Hike, But Canada Still Weak

Once again, the Canadian economy showed signs of struggle as the December jobs report showed gains only in Ontario, while jobs were flat or down in every other province. In marked contrast, payrolls in the U.S. rose more than projected as the unemployment rate remained at a low 5%. U.S. strength vindicated the Fed’s recent…

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