News

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

6 Mar 2020

Addbacks and Offsets: Qualifying for Rental Investments

Posted by: Todd Skene, MBA

Dominion Lending Centres - Accredited Mortgage Professional

It may sound like we’re talking about football formations here, but if you are considering the purchase of a rental property or already own a rental property, knowing about addbacks and offsets is an important concept to understand when qualifying for your next mortgage. Addbacks and offsets are two different methods for accounting for the 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

28 Feb 2020

Virus Anxiety and The Canadian Housing Market

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Virus Anxiety and The Canadian Housing Market As though things weren’t volatile enough, a new wave of virus terror is wreaking havoc on global financial markets. The novel conronavirus, COVID-19, continues to spread causing panic in worldwide stock and bond markets for the seventh day. Share prices have plummetted in Asia, Europe, the U.S. and Read More

18 Feb 2020

Morneau Eases Stress Test On Insured Mortgages

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of Finance Canada states, “the Government of Canada has introduced measures to Read More

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