Year: 2015
The Fed kept the overnight rate unchanged today, choosing to delay an increase owing to stubbornly low inflation, an uncertain outlook for global growth and recent financial market volatility. It appears that recent losses in China’s equity markets reflect deeper worries over growth prospects for the world’s second largest economy. Slowing growth in China has…
September 9, 2015
Category: Media Reporting on Sherry Strong job numbers support Bank of Canada's optimism about a rebound: Economist
Economy to continue gradual growth as Bank of Canada holds interest rates
From Business News Network (BNN): Bank of Canada kept interest rates unchanged Wednesday, in line with economist expectations. Sherry Cooper, Chief Economist, Dominion Lending Centres says although Canada’s economy is currently a mixed bag, there are some signs that it is on its way to gradual growth.
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,…
As expected, the Bank of Canada refrained from cutting interest rates at today’s policy meeting. The recent economic news has shown a marked improvement, precluding the Bank from following on the previous two rate cuts this year. The key policy overnight rate is only 50 basis points (one-half of one percentage points) and another 25 basis…
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…
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…
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…
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…
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…
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.