Reporting on Sherry

The Bank of Canada raised the target overnight rate another 25 basis points to 1.0% making it two hikes in a row following seven years of increasing monetary stimulus. The outsized 4.5% growth in GDP in the second quarter precipitated this action, despite two offsetting factors: the recent surge in the Canadian dollar, up more…

The Canadian economy grew at a blockbuster pace in the second quarter at an annualized rate of 4.5% on the heels of the first quarter’s robust pace of 3.7%. The cumulative growth in the first half of this year was the strongest since 2002. The Canadian economy has now grown at more than double the…

This morning’s release of the Canadian Real Estate Association (CREA) data for July confirmed that key housing markets in Canada continued to slow, led by the Greater Golden Horseshoe (GGH) region surrounding Toronto. This region’s marked slowdown began in late April with the announcement of a 15% foreign tax credit and a sixteen-point program to…

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…

From Business News Network (BNN): As the U.S. Fed raises its key benchmark interest rate, Sherry Cooper, chief economist at Dominion Lending Centres, joins BNN to discuss the Fed’s plan to unwind the balance sheet and how it will impact markets.

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…

From Business News Network (BNN): Sherry Cooper, chief economist, Dominion Lending Centres talks to BNN about why the federal budget’s wait-and-see approach is prudent in light of uncertainty over Canada’s trade relationship with the U.S.

From Business News Network (BNN): Sherry Cooper, Chief Economist, Dominion Lending Centres offers her expectations of Wednesday’s Federal Reserve announcement, why the market will be digging deep into the accompanying statement and what it may mean for the direction of the markets.

From Business News Network (BNN): The hottest real estate markets in Canada continue to defy gravity with home sales in Toronto last month reaching a record level and prices jumping 16 per cent. Sherry Cooper, Chief Economist, Dominion Lending Centres, has not used the word “bubble” to describe conditions in Toronto or Vancouver, but says…

From Business News Network (BNN): Sherry Cooper, Chief Economist at Dominion Lending Centres joins BNN to break down the April jobs numbers for Canada and the U.S.