May 26, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, to 1.25 percent at its next announcement on May 31, 2011.

April 7, 2011 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, to 1.25 percent at its next announcement on April 12, 2011. The Council further recommended raising the target rate to 1.50 percent at the following announcement on May 31, 2011, followed by increases that would take it to 2.00 percent in October 2011 and 2.50 percent in April 2012.

Toronto, February 24 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, to 1.25 percent at its next announcement on March 1, 2011. The Council further recommended raising the target rate to 1.50 percent at the following announcement on April 12, 2011, followed by increases that would take it to 2.00 percent in September 2011 and 2.75 percent in March 2012.

Toronto, January 13 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the overnight interest rate, the very short-term money-market rate the Bank targets for monetary policy purposes, to 1.25 percent at its next announcement on January 18, 2011. The Council further recommended holding the target rate at 1.25 percent at the following announcement on March 1, 2011, followed by increases that would take it to 2.00 percent in July 2011 and 2.50 percent in January 2012.

Toronto, December 2 — 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 December 7, 2010. The Council also recommended holding the target rate at 1.00 percent at the following announcement on January 18, 2011, followed by increases that would take it to 1.50 percent in June 2011 and 2.50 percent in December 2011.

Reforms to reduce the fiscal burden of Canada’s public healthcare costs should preserve the core value of equal access, while evolving away from universality, according to the author of the C.D. Howe Institute’s 2010 Benefactors Lecture, released today. In Critical Condition: A Historian’s Prognosis on Canada’s Aging Healthcare System, Michael Bliss, Professor Emeritus of the University of Toronto, reviews the history of Canada’s healthcare system and draws lessons for future reforms.

Full Report: Benefactor_Lecture_2010.pdf

Toronto, October 14 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada raise its target for the overnight interest rate (the very short-term money-market rate the Bank targets for monetary policy purposes) to 1.25 percent at its next announcement on October 19, 2010. The Council recommended raising the target rate to 1.50 percent at the following announcement on December 7, 2010, followed by increases that would take it to 2.00 percent in April 2011 and 2.50 percent in October 2011.

In an address to a recent C.D. Howe Institute Monetary Policy Conference, economist Don Drummond recommended improvements to Canada’s inflation control regime when the relevant agreement between the Bank of Canada and the Government is renewed in 2011.

Full Report: Verbatim_Drummond.pdf
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