Month: December 2022
December 21, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Disappointingly High in November
The Bank of Canada Won’t Like This Inflation Report November’s CPI inflation rate fell only one tick to 6.8%, despite gasoline prices falling. This follows a two-month reading of 6.9%. Excluding food and energy, prices rose 5.4% yearly last month, up from 5.3% in October. Critical gauges of underlying price pressure were mixed but continued…
December 15, 2022
Category: About Sherry Articles Media Reporting on Sherry
Canadian Home Prices Fell For the Ninth Consecutive Month As Activity Slowed
Another Month, Another Dip in Housing Statistics released today by the Canadian Real Estate Association (CREA) show home sales edged down in November. National home sales fell 3.3% between October and November, continuing the moderating sales trend that began last February on the precipice of unprecedented monetary policy tightening. Sales are down a whopping 39%…
December 8, 2022
Category: About Sherry Articles Media Reporting on Sherry
OSFI raises capital buffer for big banks to 3% as household debt risks rise
The Office of the Superintendent of Financial Institutions raised the capital buffer financial institutions must hold to three per cent, citing increased risked from high household indebtedness and the rapid rise in interest rates. The financial watchdog also increased the capital buffer’s range, or the policy tool to keep the country’s financial stability in check,…
December 7, 2022
Category: About Sherry Articles Media Reporting on Sherry Uncategorized
Wage-price spiral is the real risk as inflation remains high: Economist
Sherry Cooper, chief economist with Dominion Lending Centres, joins BNN Bloomberg for reaction to the Bank of Canada’s 50bps hike. She says the central bank will need to see the labour market cool and that it will likely not pivot to rate cuts until 2024. Click here to watch the video now!
December 7, 2022
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Hikes Overnight Rate 50 bps to 4.25%
The Bank of Canada Hiked Rates The Full 50 bps The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 4.25% and signalled that the Council would “consider whether the policy interest rate needs to rise further to bring supply and demand back into…
December 2, 2022
Category: About Sherry Articles Media Reporting on Sherry
Little Comfort for the Bank of Canada in Today’s Jobs Report
Today’s Labour Force Survey for November will do little to assuage the Bank of Canada’s concern about inflation. While employment growth slowed to 10,100 net new jobs–down sharply from October’s reading–the report’s underlying details point to excess labour demand and rising wages. This is compounded by Monday’s data release showing that the Canadian economy grew…