Author: Sherry Cooper
The tone of today’s Federal Reserve Policy Statement was decidedly dovish as the Fed attributed only some of the slowdown in growth in the first quarter to transitory factors. Coming in at only 0.2%, GDP growth in the U.S. slowed to a crawl in the first three months of this year. Businesses slashed investments, consumers…
April 24, 2015
Category: Media Reporting on Sherry
PRESS RELEASE: Dominion Lending Centres Chief Economist Comments on Bank Of Canada Rate Hold
Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres (DLC) was expecting the Bank of Canada to leave interest rates unchanged today in the wake of the surprising rate cut in late January.
The most remarkable thing about the 2015 federal budget is how little new is in it. Everything meaningful had been preannounced. Gone are the days of activist government at the federal level. The budget’s message of tax cuts and balanced budgets will form the core of the Conservative Party’s election campaign as it seeks a…
I concur with the consensus view that the Bank of Canada will hold overnight rates steady at 0.75 percent when they meet this Wednesday.
Board diversity is a hot topic all over the world. Importantly, the issue has changed from one of equity and fairness to superior performance.
Mortgage Broker News spoke with Dominion Lending Centre’s new Chief Economist about what to expect from rates in 2015 and what affect any changes will have on broker business.
April 2, 2015
Category: Articles
Dominion Lending Centres Chief Economist Comments On Bank Of Canada Rate Hold
“For now, core inflation in Canada remains quite low, giving the Bank plenty of leeway to maintain a very accommodative policy stance,” said Dr. Cooper.
A quick perusal of recent missives from the chief economists of Bay Street reveals an overwhelming unanimity in trashing the surprise January Bank of Canada rate cut .
Global economic growth will be flat this year and likely next, at 3.2 percent, as the emerging world slows and the U.S. economy outpaces the rest of the developed world.
Much has been made of one sentence in the Federal Reserve’s prior press release in late January: “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.”