Month: September 2021
September 15, 2021
Category: About Sherry Articles Media Reporting on Sherry
Insufficient Housing Supply Boosted Home Prices Again In August
Home Prices Still Rising As Falling Sales Reflect Insufficient Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell a slight 0.5% nationally from July to August 2021–the fifth consecutive monthly decline. Over the same period, the number of newly listed properties edged up 0.8%, and the MLS Home Price Index rose…
September 15, 2021
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Pressures Mount in August, Even As They Eased In The US
Annual Inflation In August Rises to 4.1% in Canada–But Are We Close To The Peak? Today’s release of the August Consumer Price Index (CPI) for Canada posted another uptick in the year-over-year (y/y) inflation rate, but hidden in the details was some support for the Bank of Canada’s position that the spike in inflation is…
Dr. Sherry Cooper once again joined Dominion Lending Centres President, Eddy Cocciollo, for In Conversation to discuss the latest updates from the Bank of Canada, recent economic developments, election housing mandates and the COVID-19 front.
September 10, 2021
Category: About Sherry Articles Media Reporting on Sherry
Good News on the Canadian Jobs Front
August Employment Report Showed Continuing Recovery This morning, Statistics Canada provided us with some much-needed good news on the economic front following last week’s surprisingly dismal Q2 GDP report. Canada’s labour market continued its recovery in August, especially in the hardest-hit food services and accommodation sectors. The August Labour Force Survey (LFS) data reflect conditions…
September 8, 2021
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Stands Pat
Bank of Canada Responds To Weak Q2 Economy–Holding Policy Steady As we await the quarterly economic forecast in next month’s Monetary Policy Report, the Bank of Canada acknowledged that the Q2 GDP report, released last week, caught them off-guard. In today’s policy statement, the Governing Council of the Bank said, “In Canada, GDP contracted by…