The C.D. Howe Institute Monetary Policy Council is comprised of 12 of Canada’s most distinguished financial-market and monetary economists. Chaired by the Institute’s Chief Executive Officer William Robson, it provides the Bank of Canada, financial-market participants and economic policy commentators with a regular independent assessment of the appropriate stance of Canadian monetary policy as the Bank of Canada pursues its 2 percent inflation target.
The Monetary Policy Council convenes to discuss the Bank of Canada’s policy toward the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, shortly before each of the Bank’s interest-rate announcements.
The Bank of Canada’s interest-rate announcements occur roughly every six weeks. The Monetary Policy Council’s recommendations, including the individual votes of its members, appear on the C.D. Howe Institute’s website at 2:00 p.m. on the Thursday before each scheduled announcement. You can find the MPC and Bank of Canada schedules here.
Chair
William B.P. Robson
Chief Executive OfficerMembers
Steve Ambler
Fellow-In-Residence
Edward A. Carmichael
Founding Partner, Ted Carmichael Global Macro
Beata Caranci
Senior VP & Chief Economist, TD Bank Group
Michael Devereux
Royal Bank Professor of International Economics, University of British Columbia
Stéfane Marion
VP & Chief Economist, National Bank of Canada
Angelo Melino
Professor of Economics, University of Toronto
Jean-François Perrault
Senior Vice-President and Chief Economist, Scotiabank
Luba Petersen
Research Fellow
Douglas Porter
Chief Economist, BMO Capital Markets
Avery Shenfeld
Managing Director, Economics, Department, CIBC
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