Economic Insights.

Dr. Cooper is Dominion Lending Centre's Chief Economist who helps Canadians understand the issues surrounding their most important financial decision – buying a home.

Weaker-than-expected Jobs Report Keeps Further BoC Rate Cuts In Play

July 5, 2024

Weaker-Than-Expected June Jobs Report Keeps BoC Rate Cuts In Play Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Nevertheless, the Bank of Canada will continue to cut interest […]

Canadian CPI Inflation Rose in May, Reducing the Chances of a July Rate Cut

June 25, 2024

Canadian Inflation Rose In May, Surprising Markets Inflation unexpectedly rose in May, disappointing the Bank of Canada as it deliberates the possibility of another rate cut next month. The Consumer Price Index (CPI) rose 2.9% in May from a year ago, up from a 2.7% reading in April. This increase primarily reflects higher prices for services and, to a lesser […]

NDLC Post-Pandemic Recovery

June 20, 2024

Dr. Sherry Cooper presented to Neighbourhood Dominion Lending Centres today on the post-pandemic recovery.

Canadian Housing Market Was Quiet In May

June 17, 2024

May Was Another Sleepy Month For Housing The Canadian Real Estate Association (CREA) announced today that national home sales fell 0.6% in May, remaining slightly below the average of the past ten years. Actual (not seasonally adjusted) monthly activity was 5.9% below May 2023. With the Bank of Canada rate cut on June 5, housing activity will likely perk up in […]

In Conversation with Dr. Sherry Cooper (June)

June 11, 2024

Dr. Sherry Cooper joined Dominion Lending Centres President Eddy Cocciollo for In Conversation to discuss the latest updates from the Bank of Canada as of June.