Month: July 2022
July 20, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Rises Further in June
Canadian Inflation Surged to 8.1% in June Another bad inflation number was posted today. The rate of consumer inflation continued to rise, reaching 8.1% year over year (y/y) in June, following the 7.7% gain in May. The increase was the largest yearly change since January 1983. The acceleration in June was mainly due to higher…
Dr. Sherry Cooper joined Dominion Lending Centres President, Eddy Cocciollo, for In Conversation to discuss the latest updates from the Bank of Canada.
July 15, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Prices Fall Sharply in June
House Price Decline Accelerated in June 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. Home sales recorded over Canadian MLS® Systems fell by 5.6% between May and June 2022, taking second-quarter sales down sharply (see chart below). The actual…
July 13, 2022
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Shocks With 100 bps Rate Hike
A Super-Sized Rate Hike, Signalling More To Come The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings of Government of Canada bonds, which puts additional upward pressure…