Sherry Cooper
Sherry Cooper
Sherry S. Cooperis a Canadian-American economist. Cooper is currently Chief Economist for Dominion Lending Centres. She was Executive Vice-President and Chief Economist of BMO Financial Group, with responsibilities for economic forecasting and risk assessment. She comments regularly in the press on financial issues...
ahead deficit domestic drive further given higher imports likely months oil prices trade widening
Further widening in the trade deficit in the months ahead is very likely given that the surge in oil prices will drive imports higher and that there has been no let-up in the domestic economy.
armed commodity concern emerge heading inflation likely pressure prices rising weaker
Armed with the weaker U.S. dollar, commodity prices heading north, and a strengthening economy, rising inflation pressure is still likely to emerge as a concern for the Fed. But not yet. Not yet.
alive chairman clearly core economy-and-economics greenspan inflation investors last major paradigm policy positive remains remarks reserve
Clearly the new paradigm is alive and well, ... While (Federal Reserve Chairman Alan) Greenspan downplayed the policy significance of CPI in his remarks last night, it is still a major positive for investors that core inflation remains benign.
businesses danger everywhere health levels minimize necessary officials potential protect public
I do think, however, that it is very important that we, as individuals, protect ourselves; that businesses make contingency plans; and that governments at all levels ? public health officials everywhere ? do what is necessary to minimize the danger of a potential pandemic.
birds canadian dependent exports forcing industry poultry practice provincial raising rules
The Canadian poultry industry is, in general, little dependent on exports or imports, but new provincial rules forcing the confinement of birds make the practice of free-range raising more difficult.
consumer despite equity evidence growing hanging market oil prices viewed
Overall, this can be viewed as more evidence that the consumer is hanging in well despite the run-up in oil prices and growing equity market volatility.
number quite weak
So I don't think the number was quite as weak as the headline.
certainly continued deep doubt economy expect growth longer question recession shadow slower
There is no longer a shadow of doubt that the U.S. economy is downshifting rapidly; the only question is how deep the slowdown goes, ... We do not expect to see recession in 2001, but we certainly expect to see significantly slower growth with continued moderating inflation.
chances flirting growth increased landing means overall soft
While overall U.S. growth slowed, it by no means is flirting with a stall; soft landing chances were increased by this news, ... Indeed, some may ask, 'what landing?'
activity healthy industrial
U.S. industrial activity is improving, but it can't be described as healthy just yet.
benefits consumers continue feeling good higher income jobs propel record reflect showing signs slowing spending
U.S. consumers are feeling the benefits of higher incomes and are spending more to reflect their good moods, ... Buoyed by record confidence, income growth, and a super-tight jobs market, the consumer is showing no signs of slowing and should continue to propel the U.S. economy.
certainly employment growth rate second though
Today's US employment report, though not a blockbuster, certainly portends at least a 3% growth rate in the second quarter.
bank canada hike likely next rate track
(Today's data) will likely keep the Bank of Canada on track for a rate hike at next week's decision,
ammunition continue economy fed few highlights provides relentless report simply strength
While this report yielded few surprises, it simply highlights the relentless strength in the economy and provides more ammunition for the Fed to continue tightening policy,