Initial coin offerings could provide badly needed financing for Canadian startups – Globe and Mail Op-Ed
The momentum around initial coin offerings (ICOs) continues to build. Since 2016, when less than US$100-million in ICOs was issued, more than $20-billion in capital has been raised. By the end of 2017, ICO funding originating in Canada totalled $175-million, good for eighth worldwide.
Naturally, skepticism of such a bonanza abounds. This is perhaps especially true when we talk about cryptocurrencies that, in and of themselves, have no value and seem ripe for fraud. However, despite these valid concerns, in a recent C.D. Howe Institute commentary, we argue that ICOs do indeed fill a market gap, under limited circumstances. What is critical for regulators and investors is determining these circumstances.
ICOs are a form…
Jeremy Kronick on BNN – Bank of Canada should better track money supply
A new book is calling on the Bank of Canada to better track money supply as part of its inflation forecasting. For more on this, BNN Bloomberg spoke with Jeremy Kronick, associate director at C.D. Howe Institute and author of “Navigating Turbulence: Canadian Monetary Policy since 2004.”
Jeremy Kronick on BNN – Crypto coin trade needs regulation
Jeremy Kronick, Associate Director of Research at the C.D. Howe Institute, talks about the need for regulation in the crypto coin trade.
Tales from the Crypt – How to Regulate Initial Coin Offerings
Initial Coin Offerings (ICOs) fill an essential gap in funding for entrepreneurs with limited access to other forms of capital, but a new report from the C.D. Howe Institute says smart guidelines are needed to get the balance right between investor protection and innovation. Jeremy M. Kronick – Improving the Financial Services Sector
Federal budgets are an annual rite of spring in Ottawa, as is the deluge of advice to the Department of Finance. But budget-making is a yearlong process, and the work is now in progress. Accordingly, the C.D. Howe Institute is presenting a series of Intelligence Memos in the next few weeks, outlining recommendations that we […] Kronick, Hui – The Path to Open Banking in Canada
Federal budgets are an annual rite of spring in Ottawa, as is the deluge of advice to the Department of Finance. But budget-making is a yearlong process, and the work is now in progress. Accordingly, the C.D. Howe Institute is presenting a series of Intelligence Memos in the next few weeks, outlining recommendations that we […] Piling On – How Provincial Taxation of Insurance Premiums Costs Consumers
The Study in Brief Insurance premiums have been taxed by Canadian governments for so long – some provinces and municipalities collected small levies as early as the late 1800s – that they’ve become a fixture rarely discussed in the literature and the financial press. For many years, insurance premium taxes were collected from insurers as […] Hidden Beneficial Ownership and Control: Canada as a Pawn in the Global Game of Money Laundering
Canada is a laggard when it comes to anti-money laundering and anti-terrorist financing measures, according to a new report published by the C.D. Howe Institute. In “Hidden Beneficial Ownership and Control: Canada as a Pawn in the Global Game of Money Laundering,” author Denis Meunier points out the need for a publicly accessible central registry […] Missing Productivity – Canada Playing Catch Up
In this edition of Graphic Intelligence, we compare Canada’s business lending behavior to that of other OECD countries. Our recent report finds that Canada’s financial sector over the last 15 years has lagged behind other OECD countries in its contribution to productivity growth. One explanation is that certain government policy and regulations have led to […]Benjamin Dachis – City of Vancouver Plans to Worsen Housing Affordability with Increased Fees on Developers
To: Vancouver City Council From: Benjamin Dachis Date: July 25, 2018 Re: City of Vancouver plans to worsen housing affordability with increased fees on developers House prices in Vancouver have increased dramatically in recent years. But city council is set to make affordability worse this week through increases in fees on new developments that are […] Zelmer, Kronick – Rising Nationalism Dims Prospects for Future Financial Standards Reforms
From: Mark Zelmer and Jeremy M. Kronick To: International Financial Standard Setters Date: July 17, 2018 Re: Rising Nationalism Dims Prospects for Future Financial Standards Reforms Progress in establishing international standards that promote trade, investment and prosperity is facing headwinds from the global rise of nationalism and populism. And, as we outline in our new C.D. Howe Institute […] International Prudential Standards in a World of Growing Nationalism and Protectionism
Progress in establishing international standards that promote trade, investment and prosperity is facing headwinds from the global rise of nationalism and populism, according to a new report from the C.D. Howe Institute. In “International Prudential Standards in a World of Growing Nationalism and Protectionism” authors Mark Zelmer and Jeremy Kronick argue that standard setters for […]