Month: November 2017
November 29, 2017
Category: Media Reporting on Sherry Strong job numbers support Bank of Canada's optimism about a rebound: Economist
OSFI rules will make the consumer less of an economic growth driver: Economist
From Business News Network (BNN): BNN gets instant reaction to the Bank of Canada’s Financial System Review from Sherry Cooper, chief economist at Dominion Lending Centres. She says the new OSFI rules will slow down the housing market and make the consumer less of a driver of economic growth.
November 15, 2017
Category: About Sherry Articles Media Reporting on Sherry
Housing Is No Longer A Canadian Growth Leader
Various levels of Canadian government and regulatory authorities have repeatedly introduced measures to slow housing since 2008 in response to concerns about the record level of household debt. To be sure, there is a swath of Canadian households that are over-extended, and they get the lions share of the attention. Just this week, Evan Siddall,…
November 3, 2017
Category: About Sherry Articles Media
Wage Growth Accelerates as Canada Posts Another Stellar Jobs Report in October
The expected slowdown in the Canadian labour market did not materialize in October as full-time jobs surged and wage gains accelerated. Total employment increased by 35,300 last month and the unemployment rate rose a tick to 6.3% as the labour force participation rate edged up a bit to 65.7%–well above the level in the U.S….
The policymakers at the U.S. central bank decided to leave the target range for the federal funds rate (equivalent to the Bank of Canada overnight rate) unchanged at 1 to 1-1/4 percent acknowledging that the stance of monetary policy remains accommodative. This stance will allow the labour markets in the U.S., which are already very…