Bank of Canada Should Hold Overnight Rate at 0.50 Percent Next Week; Hike to 1.00 Percent by May 2018: C.D. Howe Institute Monetary Policy Council

May 18

Bank of Canada Should Hold Overnight Rate at 0.50 Percent Next Week; Hike to 1.00 Percent by May 2018: C.D. Howe Institute Monetary Policy Council

May 18, 2017 — The C.D. Howe Institute’s Monetary Policy Council (MPC) said the Bank of Canada should keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on May 24, 2017.  Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next six months, and hike to 1.00 percent by May of 2018.

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…

Competition Bureau Should Not Have Power to Compel Information for Market Studies

May 04

Competition Bureau Should Not Have Power to Compel Information for Market Studies

Report of the C.D. Howe Institute Competition Policy Council   The Competition Bureau should not have the ability to obtain orders to compel Canadian businesses to produce information for use in a market study, according to the majority view of the C.D. Howe Institute’s Competition Policy Council, which held its thirteenth meeting on April 17, 2017. Such investigatory orders could result in significant costs for Canadian businesses. Council members were also of the view that the Competition Bureau has not identified how previous market studies were systematically deficient or that information obtained voluntarily from market study participants was inadequate so as to justify the potentially significant costs arising from investigatory…

Bank of Canada Should Hold Overnight Rate at 0.50 Percent Next Week; Hike to 1.00 Percent by April 2018: C.D. Howe Institute Monetary Policy Council

Apr 06

Bank of Canada Should Hold Overnight Rate at 0.50 Percent Next Week; Hike to 1.00 Percent by April 2018: C.D. Howe Institute Monetary Policy Council

April 6, 2017 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on April 12, 2017.  Looking ahead, the Council said the Bank should raise the target to 0.75 percent over the next six months, and to 1.00 percent by April of 2018.

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…

Bank of Canada Should Hold Overnight Rate at 0.50 Percent through September; Hike to 0.75 Percent by Early 2018, Says C.D. Howe Institute Monetary Policy Council

Feb 23

Bank of Canada Should Hold Overnight Rate at 0.50 Percent through September; Hike to 0.75 Percent by Early 2018, Says C.D. Howe Institute Monetary Policy Council

February 23, 2017 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on March 1, 2017.  Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next six months, and raise it to 0.75 percent by March of 2018.

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…

Bank of Canada Should Hold Overnight Rate at 0.50 Percent through mid-Year; Hike to 0.75 Percent by 2018: C.D. Howe Institute Monetary Policy Council

Jan 12

Bank of Canada Should Hold Overnight Rate at 0.50 Percent through mid-Year; Hike to 0.75 Percent by 2018: C.D. Howe Institute Monetary Policy Council

January 12, 2017 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on January 18, 2017.  Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next six months, and raise it to 0.75 percent by January of 2018.

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…