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The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.

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08 Feb 2018
Feb
08
The federal government announced sweeping new legislation on Thursday that will govern how it will consider major energy projects. Exactly how the new legislation will affect the sector will become apparent as parliamentarians, energy companies and the public dissect and debate it. No matter what, the legislation is a step forward in the long-simmering debate over how to review a major interprovincial pipeline application. The announcement addresses the problem that has had the largest cost on the competitiveness of Canada's energy sector. One after another, government policies are piling on to affect the competitiveness of energy producers in Western Canada. Much attention has been paid to carbon taxes, but a lack of market access for...
26 Jan 2018
Jan
26
The Canadian labour market beat expectations and performed strongly in 2017 based on various indicators, specifically job creation and the unemployment rate. At the same time, however, hourly-wage growth shows no sign that the labour market is approaching maximum employment. An economy reaches maximum employment when all available workers have jobs except those who are between jobs or are new entrants into the labour market. Usually, this results in stronger wage growth as firms struggle to fill vacant positions. Canada generated more than 420,000 new jobs in 2017, while the average annual unemployment rate fell to 6.4 per cent – the lowest rate since 2008. More importantly, the vast majority of job gains (93 per cent) were in full-...
18 Jan 2018
Jan
18
The wait for the Bank of Canada to move is over; now the waiting for the next steps begins. Wednesday's rate increase by the bank did not come as a surprise. In its December interest-rate setting announcement, the bank noted that it would be guided by incoming data before raising its target for the overnight rate. Well, the data have spoken. Headline inflation nudged above the bank's 2-per-cent target in November, coming in at 2.1 per cent, and two of the bank's preferred measures of core inflation, CPI-trim and CPI-median (which remove volatile components from the index), moved up closer to 2 per cent. The bank also noted the robust pace of business investment, and the positive outlook for future investment as factors influencing...

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© 2014 C.D. Howe Institute. All Rights Reserved.

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© 2014 C.D. Howe Institute. All Rights Reserved.