Month: July 2024
Dr. Sherry Cooper joined Dominion Lending Centres Vice President, Greg Domville, for In Conversation to discuss the latest updates from the Bank of Canada as of July 24th.
July 16, 2024
Category: About Sherry Articles Media Reporting on Sherry
Canadian Inflation Decelerates to 2.7%
Canadian Inflation Fell in June, Setting the Stage For BoC Rate Cut Inflation unexpectedly slipped 0.1% (not seasonally adjusted) in June, following a 0.6% increase in May. This was the first decline in six months. The monthly decrease was driven by lower prices for travel tours (-11.1%) and gasoline (-3.1%). The Consumer Price Index (CPI) rose 2.7% year over year…
July 12, 2024
Category: About Sherry Articles Media Reporting on Sherry
June Home Sales in Canada Show Early Signs Of A Pick-Up After BoC Easing
Early Signs Of Renewed Life In June Housing Markets The Canadian Real Estate Association (CREA) announced today that national home sales rose 3.7% between May and June following the Bank of Canada’s rate cut. While activity was still muted, it wasn’t nearly as weak as the media recently portrayed. “It wasn’t a ‘blow the doors…
July 5, 2024
Category: About Sherry Articles Media Reporting on Sherry
Weaker-than-expected Jobs Report Keeps Further BoC Rate Cuts In Play
Weaker-Than-Expected June Jobs Report Keeps BoC Rate Cuts In Play Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Nevertheless, the Bank of Canada…