October 30, 2020

Category: About Sherry Articles Media Reporting on Sherry

DLC’s Cooper: BoC rate policy justified in the current environment

The Bank of Canada’s commitment to prolonged record-low rates is more than justified considering that the reopened economy ended up being strong but uneven, according to Sherry Cooper, chief economist at Dominion Lending Centres. “Growth is estimated to have rebounded strongly in the third quarter, reversing about two-thirds of the decline observed in the first half of…

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October 28, 2020

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Holds Overnight Rate at 0.25% and Recalibrates Bond-Buying Program

Bank of Canada Recalibrates Quantitative Easing As expected, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will continue to rely on large-scale asset purchases–quantitative easing (QE). The central bank is recalibrating its QE…

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October 26, 2020

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Discontinues Some Liquidity Operations

Bank of Canada Will Stop Buying Canada Mortgage Bonds This Wednesday, the Bank of Canada will release its interest rate announcement and the October Monetary Policy Report. Most people expect the overnight rate to remain at 0.25%, where it has been since the pandemic hit. A few have suggested that the Bank could take a page from…

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October 15, 2020

Category: About Sherry Articles Media Reporting on Sherry

Canadian Home Sales and Prices Set Records Again in September

Canadian Home Sales and Prices Set Another Record High in September Today’s release of September housing data by the Canadian Real Estate Association (CREA) shows national home sales rose 0.9% on a month-over-month (m-o-m) (see chart below). This continues the rebound in housing that began five months ago amid record-tight market conditions. “Along with historic…

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October 9, 2020

Category: Articles Media

Stronger-Than-Expected Canadian Jobs Report in September

Canada Has Recouped Three-Quarters Of Pandemic Job Losses The September Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions during the week of September 13 to 19, six months after the onset of the COVID-19 economic shutdown. As Canadian families adapted to new back-to-school routines at the beginning of September, public health restrictions…

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October 1, 2020

Category: About Sherry Articles Media Reporting on Sherry

COVID-19 And Real Estate: A Fireside Chat with Dr. Sherry Cooper

Dr. Sherry Cooper was recently scheduled as a special guest for the Peking University Alumni Association of Canada’s Fireside Chat focusing on COVID-19 and real estate. Watch the video below or click here!

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September 23, 2020

Category: About Sherry Articles Media Reporting on Sherry

A Very Ambitious Throne Speech

Throne Speech: Canada’s Response to COVID-19 Prorogation on August 18, following the resignation of Finance Minister Morneau, a new session of Parliament, and a new speech from the throne was meant to allow the government to hit the reset button. And for Prime Minister Justin Trudeau, to try and move past the summer of controversy…

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September 15, 2020

Category: About Sherry Articles Media Reporting on Sherry

Another Record-Setting Month For Canadian Housing

Canadian Housing Market Sets Record Highs in August Today’s release of August housing data by the Canadian Real Estate Association (CREA) showed a blockbuster August with both sales and new listings hitting their highest levels in 40 years of data–exceeding the record July activity levels. This continues the rebound in housing that began four months ago….

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September 9, 2020

Category: About Sherry Articles Media Reporting on Sherry

Bank of Canada Holds Rate At 25 bps

Bank of Canada Relies on Quantitative Easing As promised, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will rely on large-scale asset purchases–quantitative easing (QE–of at least $5 billion per…

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September 4, 2020

Category: About Sherry Articles Media Reporting on Sherry

Strong August Jobs Report in Canada

Canada Has Recouped Two-Thirds Of Pandemic Job Losses The August Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions as of the week of August 9 to 15, five months after the onset of the COVID-19 economic shutdown. By mid-August, public health restrictions had substantially eased across the country and more businesses and…

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