C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent
January 12, 2012 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on January 17, 2012. Weak economic indicators in Canada and abroad, and the possibility of a dramatic deterioration in Europe’s fiscal and financial situation, led the MPC to call for the Bank’s overnight rate to stay at 1.00 percent past mid-year, with the median call for the rate in a year’s time being 1.25 percent.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most…
Canada’s Competition Bureau Needs Clarity on When a Strategic Business Alliance Becomes a Criminal Cartel
Report of the C.D. Howe Institute Competition Policy Council
The Competition Bureau should better define and clarify its legal view on when ordinary business practices or strategic alliances will be treated as offences and subject to civil review or criminal prosecution, according to a report released today by the C.D. Howe Institute. Otherwise, businesses may be inhibited in their ordinary activities, or inclined to avoid entering strategic agreements with competitors that would be of benefit to Canadian consumers. In addition, the Bureau has not pursued court actions testing the criminal provisions of the recently revised Competition Act, and this may have resulted in harmful price-fixing activities going unchecked. This…
C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent on October 25, 2011
October 20, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on October 25, 2011. The Council further recommended holding the target at 1.00 percent at the following announcement on December 6, 2011, and called for a continued target of 1.00 through April 2012, followed by an increase to 1.50 percent by October 2012.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to achieve its 2…
C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent on October 25, 2011
October 20, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on October 25, 2011. The Council further recommended holding the target at 1.00 percent at the following announcement on December 6, 2011, and called for a continued target of 1.00 through April 2012, followed by an increase to 1.50 percent by October 2012.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to achieve…
C.D. Howe Institute’s Monetary Policy Council Urges Bank of Canada to Hold Overnight Rate at 1.00 Percent on September 7, 2011
September 1, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on September 7, 2011. The Council further recommended holding the target rate at 1.00 percent at the following announcement on October 25, 2011, followed by increases that would take it to 1.25 percent in March 2012 and 1.75 percent in September 2012.
The MPC is a panel sponsored by the C.D. Howe Institute to provide an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to…
