Month: June 2024
June 25, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian CPI Inflation Rose in May, Reducing the Chances of a July Rate Cut
Canadian Inflation Rose In May, Surprising Markets Inflation unexpectedly rose in May, disappointing the Bank of Canada as it deliberates the possibility of another rate cut next month. The Consumer Price Index (CPI) rose 2.9% in May from a year ago, up from a 2.7% reading in April. This increase primarily reflects higher prices for…
Dr. Sherry Cooper presented to Neighbourhood Dominion Lending Centres today on the post-pandemic recovery.
June 17, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian Housing Market Was Quiet In May
May Was Another Sleepy Month For Housing The Canadian Real Estate Association (CREA) announced today that national home sales fell 0.6% in May, remaining slightly below the average of the past ten years. Actual (not seasonally adjusted) monthly activity was 5.9% below May 2023. With the Bank of Canada rate cut on June 5, housing activity…
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 June.
June 7, 2024
Category: About Sherry Articles Media Reporting on Sherry
May employment growth in Canada stalled as the unemployment rate ticked up to 6.2%
May Jobs ReportIn the first major data release since the Bank of Canada cut interest rates on Wednesday, Statistics Canada Labour Force Survey for May showed a marked slowdown from the April surge. Employment was little changed and the employment rate fell 0.1 percentage points to 61.3%, the seventh decrease in the past eight months. The…
June 6, 2024
Category: About Sherry Articles Media Reporting on Sherry
Bank of Canada Cuts Overnight Rate 25 bps to 4.75%
A Collective Sigh of Relief As The BoC Cut Rates For the First Time In 27 Month Today, the Bank of Canada boosted consumer and business confidence by cutting the overnight rate by 25 bps to 4.75% and pledged to continue reducing the size of its balance sheet. The news came on the heels of…