Evidence Mounts that 2015 Downturn was no Recession
Report of the C.D. Howe Institute Business Cycle Council
December 21, 2016 – It is not possible to call the first two quarters of 2015 a recession. This is the consensus view of the C.D. Howe Institute’s Business Cycle Council, which met on December 13, 2016.
The C.D. Howe Institute Business Cycle Council, chaired by Steve Ambler, is an arbiter of business cycle dates in Canada. The Council meets on an annual basis, or as warranted when economic conditions indicate the possibility of entry to, or exit from, a recession. The Council also acts as a conduit for research aimed at deepening understanding of how the economy evolves and to provide relevant information to decision makers.
The Council reviewed…
What do the Different Measures of GDP Tell Us?
How one views GDP has important implications for policymaking, states a new working paper from the C.D. Howe Institute. In “What do the Different Measures of GDP Tell Us?”, author Phillip Cross examines how total GDP can be conceptualized, dissected and studied and how these improve our analysis and understanding of the sources of economic growth. Bank of Canada Should Hold Overnight Rate at 0.50 Percent for Next Year: C.D. Howe Institute Monetary Policy Council
December 1, 2016 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on December 7, 2016. Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next six months, and narrowly voted for it to stay there until December of 2017.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
Council members make recommendations for the…
Live from the Annual Benefactors’ Lecture – Stephen Poloz, Governor of the Bank of Canada
Live fromthe Institute’s Annual Benefactors’ Lecture, watch Stephen Poloz, Governor of the Bank of Canada, as he delivers his remarks on conducting monetary policy in turbulent times. Speech to commence at 8 pm, EST.
The Economic Lessons Of Donald Trump’s Victory – C.D. Howe Fellow
In the United States and around the world, millions of people are now asking “how could this happen?” How can we make sense of an America in which Donald Trump becomes the next president? Discovering the real answer to this question will be good for America—and for Canada, too.
Many people who are now angry and perplexed focus on Donald Trump, the man. They argue that he is the real problem America now faces—that he is not temperamentally capable of being president and that he cannot be trusted in the White House. Those skeptical of this view point out that Mr. Trump may surround himself with knowledgeable people and that the famous checks and balances in the U.S. system of government will prevent him from doing crazy things.…
C.D. Howe Institute Monetary Policy Council: Bank of Canada Should Hold Overnight Rate at 0.50 Percent for Six Months, Hike to 0.75 Percent by October 2017
October 13, 2016 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on October 19, 2016. Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next six months, and called for an increase to 0.75 percent in a year’s time.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
Council members make recommendations for the Bank…
C.D. Howe Institute Monetary Policy Council Says Bank of Canada Should Hold Overnight Rate at 0.50 Percent for Next Six Months, Hike to 0.75 Percent by September 2017
September 1, 2016 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on September 7, 2016. Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next six months, but called for an increase to 0.75 percent in a year’s time.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
Council members make recommendations for the Bank…
Taking the Economic Pulse: An Improved Tool to Help Track Economic Cycles in Canada
A new business cycle measurement developed by a C.D. Howe analyst provides further evidence that there was no recession in 2015, according to a new Institute report. In “Taking the Economic Pulse: An Improved Tool to Help Track Economic Cycles in Canada,” author Jeremy Kronick fills a crucial data gap with a new and improved […] Andrew Parkin – Canada: A Country Like No Other
From: Andrew Parkin To: Public Policy Analysts and Advocates for “National Plans” Date: July 14, 2016 Re: Canada – A country like no other Policy-making in Canada unfolds in a context that is unique among industrialized countries, owing to the distinctive structure of our federation. This uniqueness is captured by OECD Regions at a Glance […] C.D. Howe Institute Monetary Policy Council Says Bank of Canada Should Hold Overnight Rate at 0.50 for Next 12 Months
July 7, 2016 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on July 13, 2016. Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next 12 months.
The MPC provides an independent assessment of monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent…
Peter Jarrett – The OECD’s Economic Survey of Canada: Boosting Productivity and Inclusiveness
From: Peter Jarrett To: All Canadians Date: June 15, 2016 Re: The OECD’s Economic Survey of Canada: Boosting Productivity and Inclusiveness In its latest Economic Survey, the Organisation for Economic Cooperation and Development (OECD) is optimistic about the short-term outlook for sustained economic growth with low inflation in Canada but is concerned about the financial […] C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Hold Overnight Rate at 0.50 for the next year
May 19, 2016 — 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 0.50 percent at its next announcement on May 25, 2016. Looking ahead, the Council called for the Bank to hold the target at 0.50 percent over the next 12 months.
The MPC provides an independent assessment of monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent…