June 16, 2016

Category: Articles

Fed Postpones Rate Hike Again

No one expected the Federal Reserve to raise rates today even though they have been criticized by some for lacking credibility. When the target overnight fed funds rate was first hiked late last year, the Federal Open Market Committee (FOMC) forecast four rate hikes this year. Now, most Committee members believe there will be only…

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June 3, 2016

Category: Media Reporting on Sherry Video

Panic buying in residential real estate

From Business News Network (BNN): The hottest real estate markets in Canada continue to defy gravity with home sales in Toronto last month reaching a record level and prices jumping 16 per cent. Sherry Cooper, Chief Economist, Dominion Lending Centres, has not used the word “bubble” to describe conditions in Toronto or Vancouver, but says…

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June 3, 2016

Category: Articles

Shocking US Jobs Report and Toronto and Vancouver Housing Too Hot

First on the U.S. Jobs Front The May employment report was released this morning in the US and it was shockingly weak–indeed, the weakest number in almost 6 years. Nonfarm payroll employment was up only 38,000, well below the market expectation of 160,000. Not only was May incredibly weak, but the March and April job…

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May 30, 2016

Category: Articles

Will Chinese Capital Continue to Pour Into Canadian Real Estate?

Why Are People Taking So Much Money Out of China? China is experiencing the largest episode of capital flight in history, encouraged by the slowdown in economic activity, the plunge in the stock market and the surprise devaluation of the currency–the Chinese yuan (also called the renminbi) last August. Chinese businesses and consumers are moving money…

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May 25, 2016

Category: Articles

Bank of Canada Stands Pat Once Again

In a short but not-so-sweet missive, the Bank of Canada left its target overnight rate unchanged at 1/2 percent as expected. The Bank, however, sharply reduced its forecast for second quarter Canadian growth owing to the devastating wildfires in Alberta. The Bank’s economists estimate that the fire-related damage and shutdown of oil production will reduce…

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May 10, 2016

Category: Presentations

Tri-Cities Chamber of Commerce Economic Summit 2.0

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May 9, 2016

Category: Media Reporting on Sherry Video

Canada loses 2,100 jobs in April, unemployment rate steady

From Business News Network (BNN): Sherry Cooper, Chief Economist at Dominion Lending Centres joins BNN to break down the April jobs numbers for Canada and the U.S.

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May 6, 2016

Category: Articles

Canada’s Jobs Weakness a Payback for March Surge

March saw employment gains of 41,000 (+0.2%), the strongest reading in five months, with Alberta (of all places) enjoying the largest improvement. This lowered the unemployment rate by 0.2 percentage points to 7.1%. So it is not surprising to see job weakness in April report. Indeed, employment was virtually unchanged last month (-2,100 or 0.0%)…

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April 29, 2016

Category: Articles

Canada Starts to Outperform the U.S.

Crude oil prices are poised for their biggest monthly gain in seven years, hitting a new high for 2016, and as day follows night, the Canadian dollar is up sharply–just shy of 80 cents U.S. Today’s February GDP report was not as weak as expected following the blowout number in January, leaving Canada likely to…

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