Swimming with Whales: How to Encourage Competition from Small Banks
Ottawa should consider new regulatory approaches to bolster the role of smaller financial institutions if it is to achieve its goals of enhancing quality, price and innovation in that sector, according to a new report from the C.D. Howe Institute. In “Swimming with Whales: How to Encourage Competition from Small Banks,” author John Jason suggests […] Les lignes de faille : Tremblements de terre, assurance, et risque financier systémique
Les lignes de faille d’un tremblement de terre majeur au Canada pourraient se propager rapidement dans l’ensemble de l’industrie des assurances et avoir des répercussions financières systémiques, selon une nouvelle étude de l’Institut C.D. Howe. Dans « Les lignes de faille : Tremblements de terre, assurance, et risque financier systémique », l’auteur Nicholas Le Pan, ancien surintendant […] Fault Lines: Earthquakes, Insurance, and Systemic Financial Risk
The fault lines from a major earthquake in Canada could quickly spread through the insurance industry and have a systemic financial impact, according to a new report from the C.D. Howe Institute. In “Fault Lines: Earthquakes, Insurance, and Systemic Financial Risk,” author Nicholas Le Pan, former federal Superintendent of Financial Institutions, urges policymakers to take […] National Priorities 2016
The National Priorities 2016 series provides a high level overview of key issues that the federal and provincial governments need to address, and provides an opportunity to highlight policy recommendations made by prior C.D. Howe Institute research on these topics. Fiscal and Tax – Tax Reform Priorities for Canada: Creating More Income to Go Around […] Looking for Liquidity: Banking and Emergency Liquidity Facilities
The Bank of Canada should start preparing for the next financial crisis, according to a new C.D. Howe Institute report. In “Looking for Liquidity: Banking and Emergency Liquidity Facilities,” author Jeremy Kronick urges the Bank (BoC) to establish new permanent liquidity pools that would be instantly available in times of crisis. Mortgaged to the Hilt: Risks From The Distribution of Household Mortgage Debt
The federal government should pay close attention to several pockets of risk in the Canadian housing market, according to a new C.D. Howe Institute report. In “Mortgaged to the Hilt: Risks From The Distribution of Household Mortgage Debt,” authors Craig Alexander and Paul Jacobson expose pockets of vulnerability by going beyond national averages and focusing […] Money in Motion: Modernizing Canada’s Payment System
Reforming the Canadian payment system would save businesses and consumers billions of dollars each year, according to a new C.D. Howe Institute report. In “Money in Motion: Modernizing Canada’s Payment System,” author John Chant argues that getting rid of cheques should be the first priority in modernizing the Canadian payment system. How to Make the World Safe for (and from) Covered Bonds
Although few outside of financial circles have heard of covered bonds, they have emerged as an important and efficient funding channel for Canadian mortgage lending, according to a new report released today from the C.D. Howe Institute. In “How to Make the World Safe for (and from) Covered Bonds,” author Finn Poschmann addresses the fact […] Why Canada needs a better mortgage backstop: Financial Post Op-Ed
Published in the Financial Post on July 16, 2015
By Thorsten V. Koeppl and James MacGee
Thorsten V. Koeppl is Associate Professor and RBC Fellow, Department of Economics, Queen’s University; and Scholar in Financial Services and Monetary Policy, C.D. Howe Institute. James MacGee is Associate Professor of Economics, Western University, and a Research Fellow at the C.D. Howe Institute.
Global insecurity jeopardizes Canada’s housing market if we don’t protect against a major recession
Headlines about new record highs for housing prices in Toronto are a reminder that Canadian prices remain well above historical trends. Naturally, numerous economic commentators follow such news with warnings of the…
Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada
Canada’s mortgage insurance risk needs a better backstop fund, according to a new report released today by the C.D. Howe Institute. In “Mortgage Insurance as a Macroprudential Tool: Dealing with the Risk of a Housing Market Crash in Canada,” authors Thorsten V. Koeppl and James MacGee suggest an era of steadily rising house prices and […] New Canadian Securities Administrators rules would discourage takeovers: Financial Post Op-Ed
Published in the Financial Post on April 1, 2015
By: Anita Anand
Anita Anand is a Professor of Law, University of Toronto, and a Fellow-in-Residence at the C.D. Howe Institute.
“Hostile bidders will likely feel exposed under the 120-day rule”
This week, the Canadian Securities Administrators (CSA) published draft rules under which a takeover bid would have an irrevocable 50 percent minimum tender condition. Once met, the rules would require an additional 10-day right to tender for undecided shareholders.
The bid, however, would also remain open for a minimum of 120 days. The 50 percent condition is laudable, because it offers effective decision-making capacity on the part of…
A Speedier and More Efficient Payments System for Canada
Canada needs a better and faster payments system, according to a report from the C.D. Howe Institute. In “A Speedier and More Efficient Payments System for Canada,” author Mati Dubrovinsky finds that the Canadian economy would benefit from an upgraded payments system that creates lower financial risk, lower payment-processing costs for businesses and, as a […]