From: Jeremy M. Kronick and Steve AmblerTo: Bank of Canada observersDate: September 22, 2025Re: More Rate Cuts to Come if Inflation Stays Subdued On Wednesday, the Bank of Canada cut its policy rate by 25 basis points to 2.5 percent in a move widely anticipated by financial markets. The cracks in the Canadian economy we outlined after […]
Published in Financial Post. This summer, the Trump administration announced trade deals with Japan and the European Union (EU). Each involved lower barriers to U.S. exports, more foreign direct investment (FDI) into the U.S., and higher U.S. tariffs on EU and Japanese goods. The U.S. looked like it was winning on all fronts. According to […]
Jeremy Kronick, vice-president and economic analysis and strategy at the C.D. Howe Institute, joins BNN Bloomberg to analyze the Bank of Canada and U.S. FED rate cuts. Â Â
Published in The Globe and Mail. On Wednesday, the Bank of Canada cut its policy rate by 25 basis points to 2.5 per cent. The cut was widely anticipated by financial markets. The cracks in the Canadian economy we mentioned in these pages after the bank’s last announcement in July have become far more visible. Gross domestic […]
September 11, 2025 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to cut its target for the overnight rate, its benchmark policy interest rate, to 2.50 percent at its next announcement on September 17th. The MPC further calls for the Bank to cut the target to 2.25 percent at its […]
 The C.D. Howe Institute’s toolkit for tracking the economy is a customized series of data sets from past Institute publications. These tools can be helpful for policymakers and other parties interested in analyzing monetary policy and financial stability decisions. These unique variables, which can all be found in past Institute work, include: The Leading […]
From: David Andolfatto and Fernando M. MartinTo: Interest rate watchersDate: August 19, 2025Re: Assessing the Bank of Canada’s Inflation Surge Fight A low and stable inflation rate environment promotes economic efficiency and fairness. And since the early 1990s the Bank of Canada’s monetary policy framework has included a 2-percent inflation target in a 1 to […]
After peaking at 8.1 percent in June 2022, headline inflation sits just below the Bank of Canada’s target at 1.9 percent. While goods inflation remains low, services inflation remains stubbornly high, contributing to the Bank’s recent decision to leave its policy rate unchanged at 2.75 percent. Services sectors tend to be more labour-intensive than goods […]
From: Duncan Munn and Jeff KehoeTo: Financial regulation watchersDate: August 13, 2025Re: Why Canada Must Confront the Politicization of US Financial Oversight The independence and integrity of US financial regulation are under unprecedented strain. In a wave of executive orders and administrative actions, Donald Trump has systematically reshaped the regulatory landscape – weakening oversight, politicizing […]
From: Jerzy Konieczny and Steve AmblerTo: Interest rate watchersDate: August 11, 2025Re: How Trump’s War on the Fed Can Hit Your Mortgage Donald Trump has a new target. It’s not China, Mexico or Prime Minister Mark Carney, but Jerome Powell, chair of the US Federal Reserve. If Mr. Trump gets his way, the fallout won’t stop with the […]
From: Jeremy M. Kronick and Steve AmblerTo: Interest rate watchersDate: August 8, 2025Re: An Understandable Hold But Cracks Suggest Cuts Coming Last week, the Bank of Canada held its policy rate steady at 2.75 percent. Although headline inflation has been at or below target for nine of the last 11 months, there are some signs of […]
Five years ago, many Canadians locked in mortgages when the Bank of Canada’s overnight rate was just 0.25 percent. Despite recent rate cuts, today’s five-year fixed mortgage rates remain about 25 percent higher than in 2020. As over a million mortgages come up for renewal in 2025–26, many households will face higher payments – raising concerns […]
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From: Jeremy M. Kronick and Steve AmblerTo: Bank of Canada observersDate: September 22, 2025Re: More Rate Cuts to Come if Inflation Stays Subdued On Wednesday, the Bank of Canada cut its policy rate by 25 basis points to 2.5 percent in a move widely anticipated by financial markets. The cracks in the Canadian economy we outlined after […] 
Published in Financial Post. This summer, the Trump administration announced trade deals with Japan and the European Union (EU). Each involved lower barriers to U.S. exports, more foreign direct investment (FDI) into the U.S., and higher U.S. tariffs on EU and Japanese goods. The U.S. looked like it was winning on all fronts. According to […] 
Published in The Globe and Mail. On Wednesday, the Bank of Canada cut its policy rate by 25 basis points to 2.5 per cent. The cut was widely anticipated by financial markets. The cracks in the Canadian economy we mentioned in these pages after the bank’s last announcement in July have become far more visible. Gross domestic […] 
 The C.D. Howe Institute’s toolkit for tracking the economy is a customized series of data sets from past Institute publications. These tools can be helpful for policymakers and other parties interested in analyzing monetary policy and financial stability decisions. These unique variables, which can all be found in past Institute work, include: The Leading […] 
From: David Andolfatto and Fernando M. MartinTo: Interest rate watchersDate: August 19, 2025Re: Assessing the Bank of Canada’s Inflation Surge Fight A low and stable inflation rate environment promotes economic efficiency and fairness. And since the early 1990s the Bank of Canada’s monetary policy framework has included a 2-percent inflation target in a 1 to […] 
After peaking at 8.1 percent in June 2022, headline inflation sits just below the Bank of Canada’s target at 1.9 percent. While goods inflation remains low, services inflation remains stubbornly high, contributing to the Bank’s recent decision to leave its policy rate unchanged at 2.75 percent. Services sectors tend to be more labour-intensive than goods […] 
From: Duncan Munn and Jeff KehoeTo: Financial regulation watchersDate: August 13, 2025Re: Why Canada Must Confront the Politicization of US Financial Oversight The independence and integrity of US financial regulation are under unprecedented strain. In a wave of executive orders and administrative actions, Donald Trump has systematically reshaped the regulatory landscape – weakening oversight, politicizing […] 
From: Jerzy Konieczny and Steve AmblerTo: Interest rate watchersDate: August 11, 2025Re: How Trump’s War on the Fed Can Hit Your Mortgage Donald Trump has a new target. It’s not China, Mexico or Prime Minister Mark Carney, but Jerome Powell, chair of the US Federal Reserve. If Mr. Trump gets his way, the fallout won’t stop with the […] 
From: Jeremy M. Kronick and Steve AmblerTo: Interest rate watchersDate: August 8, 2025Re: An Understandable Hold But Cracks Suggest Cuts Coming Last week, the Bank of Canada held its policy rate steady at 2.75 percent. Although headline inflation has been at or below target for nine of the last 11 months, there are some signs of […] 
Five years ago, many Canadians locked in mortgages when the Bank of Canada’s overnight rate was just 0.25 percent. Despite recent rate cuts, today’s five-year fixed mortgage rates remain about 25 percent higher than in 2020. As over a million mortgages come up for renewal in 2025–26, many households will face higher payments – raising concerns […]