Bank of Canada Should Hold Overnight Rate at 1.75 Percent through July, Cut to 1.50 by Next Year: C.D. Howe Institute Monetary Policy Council
January 16, 2020 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada keep its target for the overnight rate, its benchmark policy interest rate, at 1.75 until July 2020. 1.75 percent was the median vote of the nine members attending the meeting, and is the Council’s formal recommendation. By January of 2021, with four members calling for a cut in the target at some point, and three calling for an increase, the Council’s median recommendation was 1.50.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council. Council members make…
Bank of Canada Should Hold the Overnight Rate at 1.75 Percent over Next Year, Cut if Necessary: C.D. Howe Institute Monetary Policy Council
November 28, 2019 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada keep its target for the overnight rate, its benchmark policy interest rate, at 1.75 until December 2020. 1.75 percent was the median vote of the nine members attending the meeting, and is the Council’s formal recommendation. With four members expecting that various risks to the outlook would justify a cut in the overnight rate at some point over the year, however, and no members calling for an increase, the Council’s mean recommendation tilted toward 1.50 in the second half of 2020.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target…
Competition Bureau should examine “common ownership” in certain merger reviews: C.D. Howe Institute Competition Policy Council
November 7, 2019 – The C.D. Howe Institute Competition Policy Council addressed potential competition concerns arising from minority “common ownership” positions across competing companies, at a recent meeting. These involve mergers where a shareholder holds a minority ownership in multiple competitors operating in the same product and geographic markets.
With the growth of institutional investors’ role in equity markets, competition authorities are increasingly attuned to the potential competition concerns from common ownership.
A concern is that common ownership could affect product market outcomes by reducing the incentive of a firm to compete as it seeks to maximize returns for investors who also invest in its…
Bank of Canada Should Hold Overnight Rate at 1.75 Percent Next Week, Cut to 1.50 Percent in Six Months: C.D. Howe Institute Monetary Policy Council
October 24, 2019 – The C.D. Howe Institute’s Monetary Policy Council (MPC) has recommended that the Bank of Canada keep its target for the overnight rate, its benchmark policy interest rate, at 1.75 percent at its next announcement on October 30, 2019, before lowering it to 1.50 percent by April 2020.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council. Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and one year ahead. The Council’s formal recommendation…
Bank of Canada Should Hold the Overnight Rate at 1.75 Percent Next Week, Cut to 1.25 Percent in Six Months: C.D. Howe Institute Monetary Policy Council
August 29, 2019 – The C.D. Howe Institute’s Monetary Policy Council (MPC) has recommended that the Bank of Canada keep its target for the overnight rate, its benchmark policy interest rate, at 1.75 percent at its next announcement on September 4, 2019, before lowering it to 1.25 percent by March 2020.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council. Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and one year ahead. The Council’s formal recommendation…
