Author: Dr. Sherry Cooper

30 Mar 2020

Why Are Mortgage Rates Rising?

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of Read More

27 Mar 2020

Bank of Canada Cuts Rates 50 bps to 0.25%

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

  Bank of Canada Moves to Restore “Financial Market Functionality” The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the Read More

16 Mar 2020

Stock and Bond Yields Plummet After Sunday Fed Cut

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

  Fed Cuts Overnight Rate One Percentage Point But Markets Plummet In an unprecedented Sunday afternoon meeting, the US Federal Reserve cut their key policy rate by 100 basis points (bps) to a level of 0%-to-0.25% (see chart below). Also, the Committee announced increased access to the discount window where the Fed makes loans to Read More

13 Mar 2020

Tour de Force: BoC Cuts Again, OSFI Eases, More Coming

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Extraordinary Coordinated Policy Actions To Ease the Economic Impact of Pandemic In Canada Prime Minister Justin Trudeau said Canada would introduce a “significant” fiscal stimulus package, as part of a coordinated effort with other Group of Seven countries to counter the virus-driven global economic slowdown and calm markets. In an exceptional press conference held at Read More

9 Mar 2020

Dr. Sherry Cooper discusses Global Market Turmoil, Oil Prices Plunge on CTV

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Dr. Sherry Cooper live on CTV discussing global market turmoil as oil prices plunge. Dr. Sherry CooperChief Economist, Dominion Lending Centres Sherry is an award-winning authority on finance and economics with over 30 years of bringing economic insights and clarity to Canadians.More Posts – Website Follow Me:

9 Mar 2020

6 Mar 2020

Dr. Sherry Cooper discusses Canadian mortgage rate drop on CTV

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Dr. Sherry Cooper discusses the Bank of Canada rate cut and subsequent Canadian mortgage rate drop on CTV News. Dr. Sherry CooperChief Economist, Dominion Lending Centres Sherry is an award-winning authority on finance and economics with over 30 years of bringing economic insights and clarity to Canadians.More Posts – Website Follow Me:

6 Mar 2020

Solid Jobs Report in Canada and US Ahead of Virus Spread

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Steady February Job Market Ahead of Virus Scare Job growth in Canada remained robust last month with net employment gains of 30,300 – all of which were in private-sector full-time jobs. The unemployment rate rose a tick to 5.6%, but that is still down from a year ago and around multi-decade lows. The positive news Read More

4 Mar 2020

Interest Rates Nosedive as Bank of Canada Cuts Rates 50 bps

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to do more if necessary. The BoC lowered its target for the overnight rate by 50 bps to 1.25%, suggesting that Read More

3 Mar 2020

Fed Emergency 50 BP Rate Cut

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Fed Brings Out The Big Guns In a remarkable show of force, the US Federal Reserve jumped the gun on its regularly scheduled meeting on March 18 and cut the target overnight fed funds rate by a full 50 basis points (bps) to 1%-to-1.25%. This now stands well below the Bank of Canada’s target rate Read More

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