From: Jeremy M. Kronick and Steve AmblerTo: Interest rate watchersDate: November 4, 2025Re: Uncertain Road Ahead for Bank of Canada Interest Rate Last week, as widely expected, the Bank of Canada cut its policy rate by a quarter-percentage-point to 2.25 percent. On the basis of economic data alone, this was a tough call. While the Bank’s Governor […]
From: Don DrummondTo: Fiscal observersDate: October 31, 2025Re: Is the Bank of Canada Too Optimistic? The Bank of Canada labels US tariffs a structural shock to the Canadian economy. There seems an effort to depict the economic projection in the October 2025 Monetary Policy Report as rather grim. It is noted, for example, that the […]
Published in The Globe and Mail. On Wednesday, in a move anticipated by financial markets, the Bank of Canada cut its policy rate by a quarter-percentage-point to 2.25 per cent. On the basis of economic data alone, this was a tough call. While the governor helped shape market expectations this time, we believe the future path of […]
October 23, 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 2.25 percent at its next announcement on October 29th. The MPC then calls for the Bank to leave the target at 2.25 percent over the […]
From: Steve AmblerTo: Inflation WatchersDate: October 23, 2025Re: Peter Howitt’s Work Goes Well Beyond Economic Growth Theory Earlier this month, Canadian Peter Howitt – former Western University professor, former Fellow-in-Residence and current International Fellow at the C.D. Howe Institute – received the Nobel Prize in economics alongside Philippe Aghion and Joel Mokyr for their work […]
In the Bank of Canada’s Canadian Survey of Consumer Expectations, all age groups considered themselves financially worse off today than 12 months ago. With the exception of the seemingly always optimistic 18–24-year-olds, all age groups expect to be worse off in 12 months as well. These results indicate a poor state of financial well-being that will act as […]
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 […]
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From: Jeremy M. Kronick and Steve AmblerTo: Interest rate watchersDate: November 4, 2025Re: Uncertain Road Ahead for Bank of Canada Interest Rate Last week, as widely expected, the Bank of Canada cut its policy rate by a quarter-percentage-point to 2.25 percent. On the basis of economic data alone, this was a tough call. While the Bank’s Governor […] 
From: Don DrummondTo: Fiscal observersDate: October 31, 2025Re: Is the Bank of Canada Too Optimistic? The Bank of Canada labels US tariffs a structural shock to the Canadian economy. There seems an effort to depict the economic projection in the October 2025 Monetary Policy Report as rather grim. It is noted, for example, that the […] 
Published in The Globe and Mail. On Wednesday, in a move anticipated by financial markets, the Bank of Canada cut its policy rate by a quarter-percentage-point to 2.25 per cent. On the basis of economic data alone, this was a tough call. While the governor helped shape market expectations this time, we believe the future path of […] 
From: Steve AmblerTo: Inflation WatchersDate: October 23, 2025Re: Peter Howitt’s Work Goes Well Beyond Economic Growth Theory Earlier this month, Canadian Peter Howitt – former Western University professor, former Fellow-in-Residence and current International Fellow at the C.D. Howe Institute – received the Nobel Prize in economics alongside Philippe Aghion and Joel Mokyr for their work […] 
In the Bank of Canada’s Canadian Survey of Consumer Expectations, all age groups considered themselves financially worse off today than 12 months ago. With the exception of the seemingly always optimistic 18–24-year-olds, all age groups expect to be worse off in 12 months as well. These results indicate a poor state of financial well-being that will act as […] 
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 […] 
 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 […]