Month: October 2023
Dr. Sherry Cooper joined Dominion Lending Centres President Eddy Cocciollo for In Conversation to discuss the latest updates from the Bank of Canada as of October.
October 25, 2023
Category: About Sherry Articles Media Reporting on Sherry
Hawkish Hold By The Bank of Canada
Hawkish Hold By The Bank of Canada The Bank of Canada today held its target for the overnight rate at 5%, as was widely expected. The central bank continues to normalize its balance sheet through quantitative tightening, reducing its Government of Canada bonds holdings. The Monetary Policy Report (MPR) detailed a slowdown in global economic growth…
October 23, 2023
Category: Presentations Video
In Conversation with Dr. Sherry Cooper – October 25, 2023
October 17, 2023
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Dips to 3.8% Keeping BoC On The Sidelines
Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but so did the core measures of inflation on a year-over-year basis and a three-month moving average basis. This, in…
October 13, 2023
Category: About Sherry Articles Media Reporting on Sherry
September Home Sales Weaken in Canada As New Listings Surge
Increasing Mortgage Rates Weighed Heavily On Housing In September Mortgage rates continued to rise in September after BoC tightening and one of the largest bond selloffs in history. Yields have retraced some of their rise more recently, but demand for new and existing homes has slowed. According to data released by the Canadian Real Estate…
October 6, 2023
Category: About Sherry Articles Media Reporting on Sherry
Strong September Jobs Report Will Test Bank of Canada’s Patience
Another Strong Jobs Report Tests BoC’s Patience Canadian employment rose by a whopping 63,800 in September, tripling market expectations. The underlying data put the strong job growth into perspective. Most of the gains in overall employment were in part-time work, and total hours worked declined by 0.2%. Moreover, the unemployment rate held steady for the…