Month: August 2022
August 26, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canada’s real estate market is cooling. Here’s what to expect this fall.
Dr. Sherry Cooper lends her insights in the latest BNN Bloomberg piece regarding Canadian Real Estate. “It’s anyone’s guess how much prices will fall,” Sherry Cooper, Chief Economist at Dominion Lending Centres. Click here to read the full article!
August 17, 2022
Category: About Sherry Articles Media Reporting on Sherry
Macklem Op-Ed says Canadian Economy “Has Been Running Too Hot”
Macklem’s Op-Ed (emphasis is mine) National Post Comment, August 16, 2022 Inflation in Canada has come down a little, but it remains far too high. After rising rapidly to reach 8.1 per cent in June, inflation as measured by the consumer price index (CPI) was 7.6 per cent in July. The good news is that it…
August 16, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Slowed On Gas Price Decline, But Not Enough To Satisfy Anyone
Gasoline Prices Dipped, But No Time To Celebrate While we are all grateful that gasoline prices declined from record highs in July, today’s release of the July inflation data shows that the underlying inflation momentum remains too strong for comfort. Governor Macklem will likely continue to hike the policy rate aggressively when they next announce…
August 15, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Sales Slow Further in July
Housing Slowdown Continues in July Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates continued in July, albeit at a slower pace. Home sales recorded over Canadian MLS® Systems fell by 5.3% between June and July 2022. The pace of home…
August 10, 2022
Category: About Sherry Articles Media Reporting on Sherry
Finally Some Good News On The Inflation Front
Finally Some Good News On The Inflation Front It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last month following its 1.3% spike in June. This reduced the year-over-year inflation rate to 8.5% from a…
August 5, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canada’s Jobs Market May Be Weakening
The Canadian Economy Is Slowing–Job Markets Will Begin To Shift The July employment report, released this morning by Statistics Canada, is a real head-scratcher. The job numbers fell for a second consecutive month, but so did the number of job seekers, so the unemployment rate remained unchanged at a historic low of 4.9%. I have…