dr sherry cooper

Canadian Headline Inflation was 1.9% Y/Y with Monthly Inflation Unchanged

Written by: Dr. Sherry Cooper & Associates Good News On The Inflation Front The Consumer Price Index (CPI) rose 1.9% year-over-year (y/y) in November, down from a 2.0% increase in October. Slower price growth was broad-based, with prices for travel tours and the mortgage interest cost index contributing the most to the deceleration. Excluding gasoline, the […]

Canadian Inflation Increased to 2.0% Y/Y in October – Up from 1.6% in September

Written by: Dr. Sherry Cooper & Associates October Inflation Rose to 2.0% as Gasoline Prices Declines Were More Muted   The Consumer Price Index (CPI) rose 2.0% year-over-year in October, up from a 1.6% increase in September. Gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%). The all-items CPI, excluding gasoline, […]

Jumbo Rate Cut By The Bank Of Canada

Written by: Dr. Sherry Cooper & Associates After three consecutive 25 bp rate cuts, the BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.75%. The market had priced in 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP growth and back-to-back weak inflation reports solidified […]

Canadian Inflation Fell to 1.6% Y/Y in September, the Smallest Yearly Increase Since 2021

Written by: Dr. Sherry Cooper & Associates The Consumer Price Index (CPI) rose 1.6% year over year in September, the slowest pace since February 2021 and down from a 2.0% gain in August 2024. The main contributor to headline deceleration was lower year-over-year gasoline prices in September (-10.7%) compared with August (-5.1%). The all-items CPI, excluding gasoline, […]

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. […]