Month: October 2022

Dr. Sherry Cooper joined Dominion Lending Centres President, Eddy Cocciollo, for In Conversation to discuss the latest updates from the Bank of Canada.

The Bank of Canada Slowed the Pace of Monetary Tightening The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 3.75% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings…

Inflationary pressures give the central bank greater impetus to maintain its trajectory, economist says Currently, there is no evidence that Canada’s core inflation rate is moderating despite the slowdown in housing and consumer spending, according to economist Sherry Cooper. The latest data from Statistics Canada showed that the annual inflation rate only had a minor…

Bank of Canada Will Not Be Happy With This Inflation Report Canada’s headline inflation rate ticked down slightly last month to 6.9%, but measures of core inflation remain stubbornly high, and food prices hit a 41-year high. Lower gasoline prices were primarily responsible for the decline in inflation in the past three months. Bond markets…

Orderly Housing Correction Continues There are many unusual aspects to the current housing correction, but fundamentally the most noteworthy is how orderly and non-chaotic it has been. Home sales have slowed, but so have new listings, so the price declines are more muted than we might have expected. This is not a housing collapse. It…