September 9, 2015

Category: Media Reporting on Sherry

Bank of Canada keeps key rate on hold at 0.5 per cent

The Bank of Canada kept its key interest rate on hold at 0.5 per cent on Wednesday and said the country’s resource sector continues to adjust to lower prices for oil and other commodities. The decision by the central bank was in line with economists’ expectations. Sherry Cooper, chief economist of the Dominion Lending Centres,…

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August 17, 2015

Category: Media Reporting on Sherry

China’s currency crunch hits Canadian exports

Fears of a housing bubble. The Shanghai stock market crash. Disappointing economic data on exports and plunging auto sales. And now this. A few years ago, China’s move to devalue its currency would likely have been seen as a positive development. The International Monetary Fund (IMF) welcomed the August 11 news that China had made…

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August 13, 2015

Category: Media Reporting on Sherry

Canada’s economy gives, and takes away

Like finding Waldo, a lot depends on who’s doing the looking and what they’re looking for. Some can see “red” across the board. For others, nothing seems to jump out and catch their eye — game over. Since the start of 2015, Canada’s economy has been in a “now-you-see it, now-maybe-you-don’t” recession pattern, with seemingly contradictory…

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August 12, 2015

Category: Media Reporting on Sherry

Yedlin: Oil price outlook grows more dire

Any hope Saudi Arabia would reconsider its oil production strategy and begin to decrease production evaporated this week when the kingdom’s leaders said they will issue $27 billion US in government bonds by the end of the year. So much for throwing in the towel and going back to being the swing producer. Adding fuel…

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August 12, 2015

Category: Media Reporting on Sherry

Cooper: No widespread fraud in Canada’s mortgage industry

From Business News Network (BNN): Sherry Cooper, Chief Economist, Dominion Lending Centres, says there are no signs of widespread fraud in Canada’s mortgage industry. She joins BNN to discuss the role of regulators and financial institutions in preventing fraud.

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August 11, 2015

Category: Media Reporting on Sherry

China’s surprise currency move is more bad news for Canadian commodities

China’s surprise move to devalue its currency will likely mean more pain for the battered Canadian economy. Stock markets in Canada and the United States fell sharply on the news that China had allowed the yuan to drop 2%. China made the unexpected decision for two reasons, said Sherry Cooper, chief economist at Dominion Lending…

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August 11, 2015

Category: Media Reporting on Sherry

Oil hits new low, dragging Canadian dollar close to 76 cents

The Canadian dollar took a double hit on Tuesday from devaluation of the Chinese currency and a fresh six-month low for oil, which slipped below $43. The loonie was at 76.13 cents US at mid-afternoon, down three quarters of a cent from Monday. It hit a low of 76.08 earlier in the day. But the…

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August 7, 2015

Category: Media Reporting on Sherry

Job growth steady and ‘close to consensus’ in Canada and U.S., but recession debate continues

“The debate over whether Canada is in a full-fledged recession will continue,” said Sherry Cooper, chief economist at Dominion Lending Centres. That leaves Bank of Canada governor Stephen Poloz in a wait-and-see pattern on future interest rate adjustments, following two cuts since the start of this year as the impact of the oil-price plunge began…

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August 1, 2015

Category: Media Reporting on Sherry

Yedlin: Harsh economic realities becoming more clear

That wasn’t supposed to happen given our exports are now more competitive. What’s different this time, says economist Sherry Cooper, is that auto manufacturers — significant contributors to the Canadian economy who benefited from the veil of competitiveness provided by a low loonie in past recessions — are not the important economic contributors they once…

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July 31, 2015

Category: Media Reporting on Sherry

‘The quarter is looking ugly’: What economists are saying about Canada’s shrinking economy

Dr. Sherry Cooper, chief economist, Dominion Lending Centres “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 to be boosted by the weak Canadian dollar. This portends badly for the expected recovery in the current quarter as manufacturing exports…

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