Dr. Cooper is Chief Economist of Dominion Lending Centres, Canada’s leading mortgage and leasing company with more than 2,600 members offering free expert advice across the country. In this role, Dr. Cooper helps Canadians understand the issues surrounding their most important financial decision— buying a home.
Named “the megawatt celebrity economist” by Canada’s national newspaper—and repeatedly cited as one of the most influential women in Canada, Dr. Cooper served as Chief Economist and Executive Vice-President of BMO Financial Group where she was responsible for global economic and financial forecasting as well as country-risk and industry-risk analysis. She joined BMO Financial Group in 1994 when it acquired Burns Fry, where she had been Chief Economist, Co-Head of Fixed Income and the first female director of a Bay Street investment firm.
Dr. Cooper has an M.A. and Ph.D. in Economics from the University of Pittsburgh. She began her career at the Federal Reserve Board in Washington, D.C. where she worked very closely with then-Chairman, Paul Volcker and subsequently joined the Federal National Mortgage Association (Fannie Mae) as Director of Financial Economics.
The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate, estimating the first rate hike in the second half of 2022.
Canadian inflation picked up sharply in July, rising to its highest level in 20 years. This morning's Statistics Canada release showed that the consumer price index surged to a 3.7% year-over-year pace.
Existing home sales fell 3.5% on a month-over-month basis in July, marking the smallest of the four consecutive declines since March. Today, CREA released statistics.
The Bank of Canada raised its inflation forecast in the newly released July Monetary Policy Report (MPR), making it one of the most hawkish central banks in the world.
Restrictions are expected to continue easing through the summer, which should mean more solid gains over the next couple of months. Here's where the bulk of job gains were seen.
"Recent jobs data show that workers in contact-sensitive sectors
have once again been most affected. The employment rate remains well below its pre-pandemic level, with low-wage workers, youth and women continuing to bear the brunt of job. ...
Q4 economic growth was much stronger than expected. This could help explain why interest rates have risen so fast recently and could portend a more optimistic statement from the Bank of Canada next week.
Pandemic containment measures in Canada caused job losses and a rise in the unemployment rate in April. See what Statistic Canada's Labour Force Survey report outlines.
Following the third wave of COVID, Statistics Canada released a labour survey outlining that both part-time and full-time employment declined.
Statistics Canada released the March 2021 Labour Force Survey showing much stronger-than-expected job growth for the second month in a row, pointing towards a Q1 growth rate of more than 5.5%.
Market saturation is when the supply of products or services outweighs the demand. Understand what market saturation means for your investment properties.
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