dr sherry cooper

Great News on the Canadian Inflation Front in August

Written By: Dr. Sherry Cooper & Associates More Good News on the Canadian Inflation Front The Consumer Price Index (CPI) rose 2.0% year over year in August, the slowest pace since February 2021, and down from a 2.5% gain in July 2024. Core inflation measures averaged 2.35% y/y and excluding mortgage interest, headline inflation was a mere 1.2%–well below […]

Bank of Canada Cuts Policy Rate by 25 BPS to 4.25%

Written by: Dr. Sherry Copper Bank of Canada Cuts Rates Another Quarter Point Bank of Canada cut the overnight policy rate by another 25 basis points to 4.25%. This is the third consecutive decrease since June. The Bank’s decision reflects two main developments. First, headline and core inflation have continued to ease as expected. Second, […]

Canadian Housing Market on Pause in July

Written by: Dr. Sherry Cooper & Associates Canadian Housing Market Paused In July Despite the continued decline in interest rates, the Canadian housing market saw summer doldrums last month. The Canadian Real Estate Association (CREA) announced today that national home sales fell 0.7% monthly while rising 4.8% from year-ago levels. A significant uptick in sales […]

Bank of Canada Cuts Overnight Rate 25 BPS to 4.75%

Written by: Dr. Sherry Copper and Associates A collective sigh of relief as the BOC cut rates for the first time in 27 month Today, the Bank of Canada boosted consumer and business confidence by cutting the overnight rate by 25 bps to 4.75% and pledged to continue reducing the size of its balance sheet. […]