Author: Sherry Cooper
Interest rates for longer-maturity government bonds are finally rising, triggering concern that higher rates could derail the U.S. expansion. The 10-year Treasury yield is currently at about 2.30%. That’s up about 60 basis points since September. Should this continue, Canadian mortgage rates could move off their lows and dampen the housing boom that has already…
April 10, 2012
Category: Strong job numbers support Bank of Canada's optimism about a rebound: Economist Uncategorized
BMO’s Sherry Cooper: The Value Of E-Tailing
Ironically, while many are focussing on the negative impact of high gasoline prices on the U.S. economy, oil production in the U.S. is surging, providing the largest stimulus to growth and job creation since the recession began in 2007.
March 9, 2012
Category: Strong job numbers support Bank of Canada's optimism about a rebound: Economist Uncategorized
BMO Chief Economist, Dr. Sherry Cooper, On Human Capital
I applaud Finance Minister Flaherty’s decision in this week’s Economic Update to postpone balancing the budget at this time of economic uncertainty.
Finance Minister Flaherty recently rebuked European authorities for dragging their heels in devising an adequate action plan to forestall a global recession.
The European debt crisis is the most urgent matter facing the global economy.
The U.S. Treasury says that the decision by Standard & Poor’s rating agency to downgrade U.S. debt is based on flawed analysis.
The global economy is rebounding significantly despite the alarming number of black-swan challenges. Stock markets are rallying in tandem, reflective of the improving economic and financial backdrop. Ironically, the good news has led many to question the need for further monetary stimulus, while at the same time some suggest that without the Federal Reserve’s quantitative…