Reporting on Sherry

From Business News Network (BNN): Bank of Canada kept interest rates unchanged Wednesday, in line with economist expectations. Sherry Cooper, Chief Economist, Dominion Lending Centres says although Canada’s economy is currently a mixed bag, there are some signs that it is on its way to gradual growth.

The Bank of Canada kept its key interest rate on hold at 0.5 per cent on Wednesday and said the country’s resource sector continues to adjust to lower prices for oil and other commodities. The decision by the central bank was in line with economists’ expectations. Sherry Cooper, chief economist of the Dominion Lending Centres,…

Fears of a housing bubble. The Shanghai stock market crash. Disappointing economic data on exports and plunging auto sales. And now this. A few years ago, China’s move to devalue its currency would likely have been seen as a positive development. The International Monetary Fund (IMF) welcomed the August 11 news that China had made…

Like finding Waldo, a lot depends on who’s doing the looking and what they’re looking for. Some can see “red” across the board. For others, nothing seems to jump out and catch their eye — game over. Since the start of 2015, Canada’s economy has been in a “now-you-see it, now-maybe-you-don’t” recession pattern, with seemingly contradictory…

Any hope Saudi Arabia would reconsider its oil production strategy and begin to decrease production evaporated this week when the kingdom’s leaders said they will issue $27 billion US in government bonds by the end of the year. So much for throwing in the towel and going back to being the swing producer. Adding fuel…

From Business News Network (BNN): Sherry Cooper, Chief Economist, Dominion Lending Centres, says there are no signs of widespread fraud in Canada’s mortgage industry. She joins BNN to discuss the role of regulators and financial institutions in preventing fraud.

China’s surprise move to devalue its currency will likely mean more pain for the battered Canadian economy. Stock markets in Canada and the United States fell sharply on the news that China had allowed the yuan to drop 2%. China made the unexpected decision for two reasons, said Sherry Cooper, chief economist at Dominion Lending…

The Canadian dollar took a double hit on Tuesday from devaluation of the Chinese currency and a fresh six-month low for oil, which slipped below $43. The loonie was at 76.13 cents US at mid-afternoon, down three quarters of a cent from Monday. It hit a low of 76.08 earlier in the day. But the…

“The debate over whether Canada is in a full-fledged recession will continue,” said Sherry Cooper, chief economist at Dominion Lending Centres. That leaves Bank of Canada governor Stephen Poloz in a wait-and-see pattern on future interest rate adjustments, following two cuts since the start of this year as the impact of the oil-price plunge began…

That wasn’t supposed to happen given our exports are now more competitive. What’s different this time, says economist Sherry Cooper, is that auto manufacturers — significant contributors to the Canadian economy who benefited from the veil of competitiveness provided by a low loonie in past recessions — are not the important economic contributors they once…