About Sherry

Canada’s red-hot jobs market took a breather in July, posting employment gains of 10,900, up just 0.1 percent following much stronger job gains since late last year. As the labour force participation rate edged downward, the jobless rate fell 0.2 percentage points to 6.3 percent, its best reading in almost nine years. Canada’s economy remains…

For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year. In a break from tradition, the Bank has taken…

The June jobs data blew past expectations, all but insuring that the Bank of Canada will hike interest rates by a quarter point next week–the first rate hike in seven years. Market rates have already risen in expectation and the Royal Bank has boosted interest rates on its two-year, three-year and five-year fixed-term mortgage rates…

This morning’s release of the Canadian Real Estate Association (CREA) data for May confirmed earlier data from the Toronto Real Estate Board (TREB) pointing to a marked slowdown in housing activity in the Greater Toronto Area (GTA) since the late April announcement of the 15% foreign tax credit and the sixteen point program to enhance…

Another Sign Of A Economic Strength Statistics Canada just released the Labour Force Survey for May, adding to the stream of positive economic indicators. While the jobless rate edged up 6.6% from a cycle-low 6.5%, it was the result of more optimism about job prospects as more people participated in the labour market. The jobless…

The Bank of Canada has once again held the overnight rate steady at 0.50 per cent pointing to continued low inflation and subdued wage growth, which the Bank judges to be consistent with continuing excess capacity in the economy. In a very terse press release, the Bank suggests that the U.S. and global economies will…

A happy accident marked the beginning of a stellar career for Sherry Cooper. Then a student at Goucher College in Baltimore, she took her first economics class because she needed to fill a slot in her study schedule. That choice opened the door to Sherry’s future as a leader in the field of finance. “It…

Sherry Cooper, a former high-profile Bay Street economist, is making something of a comeback, joining the private Vancouver-based mortgage and lending group, Dominion Lending Centres (DLC). Ms. Cooper, born in Baltimore, has been a fixture on the Northern American scene for decades — working at the U.S. Federal Reserve and later with the Federal National…

A star was born 30 years ago, when a petite young U.S. economist moved to Toronto to join brokerage firm Burns Fry. Smart, stylish and tough, Sherry Cooper became the belle of Bay Street. Burns Fry was acquired by Bank of Montreal in 1994, and Cooper rose to become the bank’s chief economist in 2006….

Bank of Montreal, the country’s fourth-largest bank by assets, said chief economist Sherry Cooper will retire from the bank in January after a 30-year career. Cooper, 62, a member of the 12-economist Economic Advisory Committee of the American Bankers Association, will retire Jan. 30, the Toronto-based bank said today in a statement. A replacement will…