Month: June 2022
June 22, 2022
Category: About Sherry Articles Media Reporting on Sherry Uncategorized
Canadian CPI Inflation Surged to 7.7%
Canadian Inflation Surged to 7.7% In May Canada’s consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that the Bank of Canada is staring down the most dangerous burst of Inflation since it started targeting the consumer price index in…
June 15, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Slow Again in May, Shifting To A Buyers Market in GTA
Housing Market Correction Gains Steam in May Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, national home sales dropped by 12.6% monthly (m/m). National home sales fell by 8.6% between April and May, building on…
June 10, 2022
Category: About Sherry Articles Media Reporting on Sherry
Another Red-Hot Employment Report in Canada
Canadian Labour Market Is Much Too Tight–Adds To Inflation Pressure Today’s Labour Market Survey for May 2022 showed that hiring continued at a rapid pace last month in an increasingly tight labour market, driving the jobless rate to another record low and fueling a sharp acceleration in wage gains. The economy added 39,000 jobs in…
Dr. Sherry Cooper presented on “Housing Hit by Rate Hikes” for FC Funding DLC
Dr. Sherry Cooper joined Dominion Lending Centres President, Eddy Cocciollo, for In Conversation to discuss the latest updates from the Bank of Canada.
June 1, 2022
Category: About Sherry Articles Media Reporting on Sherry
The Bank of Canada Hikes Rates Again By 50 bps
Another Jumbo Rate Hike, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic pandemic rate cuts in the…