Month: January 2016
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…
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…
January 11, 2016
Category: Media Reporting on Sherry Strong job numbers support Bank of Canada's optimism about a rebound: Economist
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.
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…