dr sherry cooper

Bank of Canada Cuts Rates for Seventh Time

Written by: Dr. Sherry Cooper & Associates Bank of Canada Cuts Rates by 25 BPS on Tariff Concerns The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 2.75%, within the neutral range of 2.25%—2.75%. Tariff tremors have already led to a decline in […]

Tariffs – Trump Did It

Written by: Dr. Sherry Cooper & Associates Trump Did It – Trade War Starts Today Trump has imposed tariffs of 25% on goods coming from Mexico and Canada, 10% on Canadian energy, and an additional  10% on goods from China. He justified these actions by claiming they would force Mexico and Canada to address issues […]

Strongest Canadian Employment Report in Nearly Two Years

Written by: Dr. Sherry Cooper & Associates Stronger-Than-Expected Jobs Report in December Today’s Labour Force Survey for December was much stronger than expected, as many thought the Canada Post strike would have a larger impact. Employment rose by 90,900 net new jobs last month, and the employment rate—the proportion of the population aged 15 and older who […]

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 […]