Month: October 2020
October 30, 2020
Category: About Sherry Articles Media Reporting on Sherry
DLC’s Cooper: BoC rate policy justified in the current environment
The Bank of Canada’s commitment to prolonged record-low rates is more than justified considering that the reopened economy ended up being strong but uneven, according to Sherry Cooper, chief economist at Dominion Lending Centres. “Growth is estimated to have rebounded strongly in the third quarter, reversing about two-thirds of the decline observed in the first half of…
October 28, 2020
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Holds Overnight Rate at 0.25% and Recalibrates Bond-Buying Program
Bank of Canada Recalibrates Quantitative Easing As expected, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will continue to rely on large-scale asset purchases–quantitative easing (QE). The central bank is recalibrating its QE…
October 26, 2020
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Discontinues Some Liquidity Operations
Bank of Canada Will Stop Buying Canada Mortgage Bonds This Wednesday, the Bank of Canada will release its interest rate announcement and the October Monetary Policy Report. Most people expect the overnight rate to remain at 0.25%, where it has been since the pandemic hit. A few have suggested that the Bank could take a page from…
October 15, 2020
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales and Prices Set Records Again in September
Canadian Home Sales and Prices Set Another Record High in September Today’s release of September housing data by the Canadian Real Estate Association (CREA) shows national home sales rose 0.9% on a month-over-month (m-o-m) (see chart below). This continues the rebound in housing that began five months ago amid record-tight market conditions. “Along with historic…
Canada Has Recouped Three-Quarters Of Pandemic Job Losses The September Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions during the week of September 13 to 19, six months after the onset of the COVID-19 economic shutdown. As Canadian families adapted to new back-to-school routines at the beginning of September, public health restrictions…
October 1, 2020
Category: About Sherry Articles Media Reporting on Sherry
COVID-19 And Real Estate: A Fireside Chat with Dr. Sherry Cooper
Dr. Sherry Cooper was recently scheduled as a special guest for the Peking University Alumni Association of Canada’s Fireside Chat focusing on COVID-19 and real estate. Watch the video below or click here!