Catherine Swift Steps Down From C.D. Howe Institute Board of Directors

May 25, 2015 – The C.D. Howe Institute announces that Catherine Swift has informed the Institute’s Board of Directors that she is resigning as a Board member, effective immediately.

“The C.D. Howe Institute has an outstanding record for its work on Canada’s economic policy challenges and possible solutions,” said Swift. “It has an impeccable record of nonpartisanship. My new projects make it advisable for me to step down as a Board member.”

C.D. Howe Institute Monetary Policy Council Recommends Bank of Canada Hold Overnight Rate at 0.75 Percent through Mid-Year; Looks for 1.00 Percent by May 2016

May 21, 2015 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada 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 May 27, 2015. Looking ahead, the Council called for the Bank to hold the target at 0.75 percent through to December, raising it to 1.00 percent by May of 2016.

Small business tax breaks do not create significant barriers to growth, but they still come with a high cost, says a report released today by the C.D. Howe Institute. In “Small Business Preferences as a Barrier to Growth: Not so Tall After All,” authors Benjamin Dachis and John Lester conclude that the tax breaks harm economic performance by encouraging the entry of more small firms, which are less productive than larger firms.

Barriers to Growth? Rethinking Small Business Tax Breaks

May 20, 2015 – Small business tax breaks do not create significant barriers to growth, but they still come with a high cost, says a report released today by the C.D. Howe Institute. In “Small Business Preferences as a Barrier to Growth: Not so Tall After All,” authors Benjamin Dachis and John Lester conclude that the tax breaks harm economic performance by encouraging the entry of more small firms, which are less productive than larger firms.

David Tulk Appointed to the C.D. Howe Institute Monetary Policy Council

May 19, 2015 – William Robson, President and CEO of the C.D. Howe Institute, announces the appointment of David Tulk to the C.D. Howe Institute Monetary Policy Council. The Council 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.