Published in the Globe and Mail. The Bank of Canada held its policy rate constant at 2.25 per cent on Wednesday, meeting market expectations. But if not for developments on the trade front, the economic data could well have pointed toward a hike. With the breakdown in Canada-U.S. trade negotiations and the resulting economic uncertainty, the bank […]
August 27, 2026 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to keep its target for the overnight rate, its benchmark policy interest rate, at 2.25 percent at its next announcement on September 2, and maintain it at that level over the next year. The MPC is chaired by Jeremy Kronick, the Institute’s President and CEO, and includes the chief economists of the six largest Canadian banks, […]
What would a US debt crisis mean for Canada? Martin Eichenbaum, Charles Moskos Professor of Economics at Northwestern University and International Fellow at the C.D. Howe Institute, says a US fiscal crisis is a “very high probability event” over his lifetime. The question is not exactly when it will happen, but whether Canada will be […]
What would a US debt crisis mean for Canada? Martin Eichenbaum, Charles Moskos Professor of Economics at Northwestern University and International Fellow at the C.D. Howe Institute, says a US fiscal crisis is a “very high probability event” over his lifetime. The question is not exactly when it will happen, but whether Canada will be […]
Canada’s headline inflation rate rose to 3 percent in July, the top of the Bank of Canada’s 1-to-3-percent control range. Inflation excluding gasoline held at 2.2 percent for a third consecutive month, indicating that the 25.7 percent increase in gasoline prices was the dominant driver of the headline figure, with little evidence of broadening price […]
As the Bank of Canada reviews its monetary policy framework, former Governor David Dodge and C.D. Howe Institute President and CEO Jeremy Kronick discuss whether its current approach remains fit for a rapidly changing economy and what the Bank’s mandate should be going forward.
As the Bank of Canada reviews its monetary policy framework, former Governor David Dodge and C.D. Howe Institute President and CEO Jeremy Kronick discuss whether its current approach remains fit for a rapidly changing economy and what the Bank’s mandate should be going forward.
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 […]
by Jeremy M. Kronick and Wendy Wu Using a comprehensive series of Canadian monetary policy shocks that captures movements across the entire yield curve, this Commentary examines how monetary policy affects aggregate business investment, GDP investment categories, and investment in 10 Canadian industries. Unlike previous studies, the analysis incorporates conventional and unconventional policy actions, scheduled and unscheduled […]
30 juillet 2026 – À mesure que l’économie canadienne évolue, les effets de la politique monétaire sur les investissements des entreprises évoluent eux aussi. Selon un nouveau rapport de l’Institut C.D. Howe, il est essentiel de suivre ces changements de près pour assurer une politique monétaire plus efficace. Dans « Seeing the Whole Picture: How […]
July 30, 2026 – As Canada’s economy evolves, so too does the way monetary policy affects business investment. Keeping pace with these changes will allow for more effective monetary policy, according to a new report from the C.D. Howe Institute. In “Seeing the Whole Picture: How Monetary Policy Shapes Business Investment in Canada,” authors Jeremy […]
From: Jeremy M. Kronick and Steve Ambler To: Interest rate watchers Date: July 22, 2026 Re: The Bank of Canada is Right to Tread Water on Interest Rates The Bank of Canada held its policy rate constant at 2.25 percent last week, meeting market expectations. This was despite headline inflation increasing to 3.2 percent in May, up from 2.8 percent in […]
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Published in the Globe and Mail. The Bank of Canada held its policy rate constant at 2.25 per cent on Wednesday, meeting market expectations. But if not for developments on the trade front, the economic data could well have pointed toward a hike. With the breakdown in Canada-U.S. trade negotiations and the resulting economic uncertainty, the bank […] 
August 27, 2026 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to keep its target for the overnight rate, its benchmark policy interest rate, at 2.25 percent at its next announcement on September 2, and maintain it at that level over the next year. The MPC is chaired by Jeremy Kronick, the Institute’s President and CEO, and includes the chief economists of the six largest Canadian banks, […] 
What would a US debt crisis mean for Canada? Martin Eichenbaum, Charles Moskos Professor of Economics at Northwestern University and International Fellow at the C.D. Howe Institute, says a US fiscal crisis is a “very high probability event” over his lifetime. The question is not exactly when it will happen, but whether Canada will be […] 
Canada’s headline inflation rate rose to 3 percent in July, the top of the Bank of Canada’s 1-to-3-percent control range. Inflation excluding gasoline held at 2.2 percent for a third consecutive month, indicating that the 25.7 percent increase in gasoline prices was the dominant driver of the headline figure, with little evidence of broadening price […] 
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 […] 
by Jeremy M. Kronick and Wendy Wu Using a comprehensive series of Canadian monetary policy shocks that captures movements across the entire yield curve, this Commentary examines how monetary policy affects aggregate business investment, GDP investment categories, and investment in 10 Canadian industries. Unlike previous studies, the analysis incorporates conventional and unconventional policy actions, scheduled and unscheduled […] 
From: Jeremy M. Kronick and Steve Ambler To: Interest rate watchers Date: July 22, 2026 Re: The Bank of Canada is Right to Tread Water on Interest Rates The Bank of Canada held its policy rate constant at 2.25 percent last week, meeting market expectations. This was despite headline inflation increasing to 3.2 percent in May, up from 2.8 percent in […]