23 Feb

New economic news!


Posted by: Darick Battaglia

Vancouver, British Columbia – Canada’s largest private mortgage and lending institution Dominion Lending Centres (DLC) has announced that celebrated economist Dr. Sherry Cooper has taken the position of Chief Economist effective immediately.

Prior to joining DLC, Dr. Cooper was the chief economist with one of Canada’s largest financial institutions and is well versed in the mortgage sector.

“We are extremely honoured to have Dr. Cooper join DLC as our Chief Economist as the organization moves forward into 2015,” said Gary Mauris, President and CEO of Dominion Lending Centres. “Dr. Cooper’s knowledge, insights, and ability to forecast changes in the economy will not only benefit the company but Canadian consumers from coast to coast.”

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, a relationship she maintains today. After five years at the Federal Reserve, she joined the Federal National Mortgage Association as Director of Financial Economics. Dr. Cooper also served as Chief Economist and Executive Vice-President of BMO Financial Group (which includes the Bank of Montreal in Canada and BMO Harris Bank in the U.S.), where she led a highly respected team of economists. 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 Vice- Chair.

“Joining DLC as Chief Economist represents a natural evolution in my career,” said Dr. Cooper. “For over 30 years I represented financial institutions by providing my insights into both the Canadian and global economies; now I am pleased to add my voice to an organization that provides choice directly to consumers. Mortgage professionals are really one of the best options for consumers seeking mortgage and financing advice for a home purchase, home debt consolidation, investment properties or home refinancing.”

Dr. Cooper will be advising on economic matters, issuing quarterly economic updates, and other statements as they pertain to the economy and the mortgage sector on behalf of Dominion Lending Centres. The financial sector can look forward to her returning expert opinion and analysis on all markets and areas of the economy that affect Canadians and in particular the housing and mortgage sectors. Dr. Cooper will work with all DLC’s business units and as one of the company’s primary spokespersons, she will also work with DLC’s external communications advisors Laura Ballance Media Group going forward.