C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Keep Overnight Rate at 2.75 Percent Next Week, Leave Unchanged Until Next April
April 10, 2025 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to leave its target for the overnight rate, its benchmark policy interest rate, unchanged at 2.75 percent at its next announcement on April 16th. The MPC further calls for the Bank to leave the target at 2.75 percent at […] Reimagining Consumer Complaint Resolution in Canada’s Regulated Sectors
From: Harvey NaglieTo: Regulatory observersDate: April 4, 2025Re: Reimagining Consumer Complaint Resolution in Canada’s Regulated Sectors Canada’s consumer complaint resolution frameworks are failing to effectively serve both consumers and businesses, with too many aspects that are fractured, inefficient, and outdated. This systemic weakness can erode trust in regulated sectors (e.g. finance, air travel, and telecommunications) […] Time for the Credit Union Passport System
To: Provincial GovernmentsFrom: David LosierDate: March 24, 2025Re: Time for the Credit Union Passport System The most critical aspects of policy responses to US tariffs revolve around what we can do for ourselves – control the controllables. Canada is collectively waking up to its internal challenges in trade, transport and industrial competition. Internal trade barriers […] Why Is an Increase in the Inflation Target off the Table?
From: Steve Ambler, Thorsten Koeppl and Jeremy M. KronickTo: Bank of Canada observersDate: March 11, 2025Re: Why Is an Increase in the Inflation Target off the Table? In his February 21 speech, Bank of Canada governor Tiff Macklem firmly endorsed the centrality of the Bank’s 2 percent inflation target anchor as he previewed the 2026 renewal of its […] C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Cut Overnight Rate to 2.75 Percent Next Week and 2.50 Percent in September
March 6, 2025 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to lower its target for the overnight rate, its benchmark policy interest rate, to 2.75 percent at its next announcement on March 12th. The MPC further calls for the Bank to leave its target unchanged at 2.75 percent at the […] Ontario’s Financial Future: Leading the Charge for a Competitive and Modernized Regulatory Framework
From: Harvey NaglieTo: Financial regulation observers Date: March 6, 2025Re: Ontario’s Financial Future: Leading the Charge for a Competitive and Modernized Regulatory Framework Ontario faces a pivotal moment. As Canada’s financial capital, it has long benefited from a stable financial sector. However, the evolving global landscape demands more than stability – it requires bold leadership. […] Tariff Response Needs to Include Fast Financial System Modernization
From: Jeremy M. Kronick and Mark ZelmerTo: Financial system policymakersDate: March 3, 2025Re: Tariff Response Needs to Include Fast Financial System Modernization Donald Trump’s tariff threats have underscored the need for Canada to diversify its international trade and reduce interprovincial barriers. If our financial system is to be effective in helping bring about these changes, its regulatory underpinning needs modernization. […] Future-Proofing Canada’s Financial System
Published in the Financial Post. Donald Trump’s tariff threats have underscored the need for Canada to diversify its international trade and reduce interprovincial barriers. If our financial system is to be effective in helping bring about these changes, its regulatory underpinning needs modernization. Canada’s customary glacial pace will not cut it, however. We need to act now. Start with payments. […] C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Cut Overnight Rate to 3.00 Percent Next Week and 2.75 Percent by July
December 5, 2024 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to lower its target for the overnight rate, its benchmark policy interest rate, to 3.50 percent at its next announcement on December 11th. The MPC further calls for the Bank to lower the target to 3.25 percent at the following announcement in January, to 3.00 percent by June of 2025, and to 2.75 percent by December of 2025.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. MPC co-chair Jeremy Kronick, the Institute’s Vice-President, Economic Analysis and Strategy, chaired this meeting. MPC members make recommendations for the Bank of Canada’s…
Making Housing More Affordable in Canada: The Need for More Large Cities
Strengthening mid-sized cities like Kitchener/Waterloo, London, and Kamloops – by improving infrastructure, encouraging local business growth, forging university partnerships, and making it easier to build – can reduce in-migration into our big cities, mitigating price pressures there, and help lower costs for everyone. Intelligence Memos: 2024 in Review
To: Our Faithful Readers Date: January 2, 2025 Re: Intelligence Memos: 2024 in Review Intelligence memos are a key way C.D. Howe Institute researchers share their insights about current events. And 2024 had no shortage of material: Canada’s healthcare struggles, housing affordability, the Bank of Canada’s inflation fight, a host of questionable fiscal policies from Ottawa and the […] The High Price of Prudence – Benchmarking Canada’s Property and Casualty Industry (Second Edition)
Study in Brief • Canadians pay higher premiums for property and casualty insurance than citizens in many, if not most, other developed nations. This Commentary uses OECD data and private industry data to compare the national P&C insurance sector’s premiums as a percentage of Gross Domestic Product with its international peers and is an update […]