Reporting on Sherry

With the Canadian dollar taking a beating, one leading economist believes foreign investors will flock to the Canadian real estate market to take advantage. “Certainly. The price of Canadian real estate has fallen in U.S. dollar terms and in terms of many other currencies as well,” Dr. Sherry Cooper, chief economist with Dominion Lending Centres…

The move by the Bank of Canada to cut its key interest rate will help consumers out a little, but experts say with rates already near record lows, it won’t mean much for individual borrowers. Canada’s big banks trimmed their prime rates by 0.15 percentage points to 2.7 per cent in the wake of the…

He chopped the key overnight interest rate by 25 basis points to 0.5% in the hope it will stimulate Canada’s contracting economy. But that’s the only thing the bank can do to stimulate an economy in recession. Poloz may quibble about using that term, but I’m with most experts who will call this spade a…

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.