Bank of Canada Should Hold Overnight Rate at 0.75 Percent Next Week; Hike to 1.25 Percent by September 2018: C.D. Howe Institute Monetary Policy Council
August 31, 2017 — The C.D. Howe Institute’s Monetary Policy Council (MPC) 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 0.75 percent at its next announcement on September 6, 2017. The MPC called for the Bank to hike to 1.00 percent at the following announcement in October, with a further increase to 1.25 percent by September 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…
Canada's NAFTA Challenge and the Reality of Chapter 19
August 11, 2017 - Dispute resolution has been a perennial hot-button issue in Canada-US trade talks for decades. And the upcoming renegotiation of the North American Free Trade Agreement (NAFTA) is no different.
In a special C.D. Howe Institute Communique, trade expert Lawrence Herman reviews the history, usage and outcomes of the dispute mechanism in NAFTA’s Chapter 19, providing an essential piece of analysis as negotiators and the broader Canadian public grapple with the complexities of the issue in the coming days.
What this overview attempts to do is to explain some of the underlying points that are glossed over in the US when complaints are levied against the binational panel system, showing the confined use of the…
Bank of Canada Should Hold Overnight Rate at 0.50 Percent Next Week; Hike to 1.25 Percent by July 2018: C.D. Howe Institute Monetary Policy Council
July 6, 2017 — In a tight vote, the C.D. Howe Institute’s Monetary Policy Council (MPC) 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 July 12, 2017. The MPC called for the Bank to hike to 0.75 percent at the following announcement in September, with further hikes to 1.00 by January 2018 and 1.25 by July 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…
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…
