Month: June 2023
June 27, 2023
Category: About Sherry Articles Media Reporting on Sherry
May Inflation Numbers Were Good, But Will They Satisfy the Bank of Canada?
Will the May Inflation Decline Thwart Another Rate Hike in July? The May inflation data, released this morning by Statistics Canada, bore no surprises. The year-over-year (y/y) inflation measured by the Consumer Price Index (CPI) at 3.4% was just as expected–down a full percentage point from the April reading. This is the smallest increase since June 2021. Economists…
June 15, 2023
Category: About Sherry Articles Media Reporting on Sherry
Strong May Housing Market Likely Triggered Recent BoC Rate Hike
Strong May Housing Triggered BoC Rate Hike The Canadian Real Estate Association says home sales in May rose 5.1% month-over-month (m/m), adding to the 11.1% gain in April. This brought the year-over-year sales gain to 1.4%, The first y/y sales increase in almost two years. While spring home sales started booming (compared to the past…
June 9, 2023
Category: About Sherry Articles Media Reporting on Sherry
The May Employment Report Softened Two Days After The BoC Raised Interest Rates
May’s Softer Labour Market Data Ended The Longest Run Of Job Gains Since 2017 Ironically, the May Labour Force Survey showed a modest slowdown two days after the Bank of Canada surprised the markets by raising interest rates. Employment was little changed in May, down 17,300, all for youth aged 15 to 24. All other…
Dr. Sherry Cooper joined Dominion Lending Centres President, Eddy Cocciollo, for In Conversation to discuss the latest updates from the Bank of Canada.
June 7, 2023
Category: About Sherry Articles Media Reporting on Sherry
In an Aggressive Move, the BoC Hikes the Policy Rate by 25 BPs
Holy Smokes, The Bank of Canada Means Business If there were any doubt that the Bank of Canada wanted inflation to fall to 2%, it would be obliterated today. In a relatively surprising move, the Bank hiked the overnight policy rate by 25 bps to 4.75%, and an equivalent hike will follow in the prime…