Published in The Globe and Mail. Friday’s announcement that the Canadian economy lost 84,000 jobs in February – driven by the loss of more than 100,000 full-time jobs – led to some speculation over the weekend that the Bank of Canada might cut its policy rate. Monday’s inflation numbers, with headline inflation falling to 1.8 per cent in February […]
March 12, 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 March 18 and maintain it at that level until March 2027. The MPC is chaired by Jeremy Kronick, […]
Following the post-pandemic surge, inflation first returned to its two percent target in August 2024. Over the next year, inflation was at or below target for all but two months. Since September 2025, it has been above target. A big driver of this increase has been soaring food prices. Without food price growth, headline inflation since September […]
To: Bank of Canada observersFrom: Don DrummondRe: Rosy Free Trade Assumptions Hobble Bank of Canada Projections Credit the Bank of Canada for a realistic depiction of risks facing the global and Canadian economies in its recent quarterly report. In the central bank’s view, the world is becoming more fragmented, geopolitical risks are elevated and […]
Published in The Globe and Mail. Credit the Bank of Canada for a realistic depiction of risks facing the global and Canadian economies in its recent quarterly report. In the central bank’s view, the world is becoming more fragmented, geopolitical risks are elevated and for Canada, the future of trade in North America is an important uncertainty. […]
To: Inflation observersFrom: Jeremy M. Kronick and Steve AmblerDate: February 5, 2026Re: The Bank of Canada’s Coming Food Price Conundrum Unsurprisingly¸ the Bank of Canada held its policy interest rate at 2.25 percent last week. We agree with the decision, though we believe food price increases are likely to pose an ongoing challenge for the Bank, testing the limits of […]
Drawing from their latest Globe and Mail Op-Ed, the C.D. Howe Institute’s Jeremy Kronick and economist Steve Ambler join Michael Hainsworth to discuss the Bank of Canada’s latest announcement, inflation risks, and why central bank independence remains critical in uncertain times.
Drawing from their latest Globe and Mail Op-Ed, the C.D. Howe Institute’s Jeremy Kronick and economist Steve Ambler join Michael Hainsworth to discuss the Bank of Canada’s latest announcement, inflation risks, and why central bank independence remains critical in uncertain times.
Published in The Globe and Mail. On Wednesday, to the surprise of few, the Bank of Canada held its policy interest rate at 2.25 per cent. We agree with the decision, though believe food price increases are likely to pose an ongoing challenge for the bank. It could test the limits of monetary policy. When the bank […]
January 22, 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 January 28, and maintain it at that level until January 2027. The MPC, chaired at this meeting by […]
From: Jeremy M. Kronick and Steve AmblerTo: Interest rate watchersDate: December 16, 2025Re: Conflicting Signals Abound and Explain Interest Rate Caution Last week, the Bank of Canada held its policy interest rate (the overnight rate target) at 2.25 percent, in a move widely anticipated by financial markets. And while the last year has often seen the […]
Ottawa’s forthcoming AI strategy needs to walk a tightrope between two equally important principles: safeguarding Canadians from possible misuses of AI but also giving our private and academic sectors the leeway to use Canada’s AI strengths to develop and commercialize new technologies and products.
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Published in The Globe and Mail. Friday’s announcement that the Canadian economy lost 84,000 jobs in February – driven by the loss of more than 100,000 full-time jobs – led to some speculation over the weekend that the Bank of Canada might cut its policy rate. Monday’s inflation numbers, with headline inflation falling to 1.8 per cent in February […] 
March 12, 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 March 18 and maintain it at that level until March 2027. The MPC is chaired by Jeremy Kronick, […] 
Following the post-pandemic surge, inflation first returned to its two percent target in August 2024. Over the next year, inflation was at or below target for all but two months. Since September 2025, it has been above target. A big driver of this increase has been soaring food prices. Without food price growth, headline inflation since September […] 
To: Bank of Canada observersFrom: Don DrummondRe: Rosy Free Trade Assumptions Hobble Bank of Canada Projections Credit the Bank of Canada for a realistic depiction of risks facing the global and Canadian economies in its recent quarterly report. In the central bank’s view, the world is becoming more fragmented, geopolitical risks are elevated and […] 
Published in The Globe and Mail. Credit the Bank of Canada for a realistic depiction of risks facing the global and Canadian economies in its recent quarterly report. In the central bank’s view, the world is becoming more fragmented, geopolitical risks are elevated and for Canada, the future of trade in North America is an important uncertainty. […] 
To: Inflation observersFrom: Jeremy M. Kronick and Steve AmblerDate: February 5, 2026Re: The Bank of Canada’s Coming Food Price Conundrum Unsurprisingly¸ the Bank of Canada held its policy interest rate at 2.25 percent last week. We agree with the decision, though we believe food price increases are likely to pose an ongoing challenge for the Bank, testing the limits of […] 
Drawing from their latest Globe and Mail Op-Ed, the C.D. Howe Institute’s Jeremy Kronick and economist Steve Ambler join Michael Hainsworth to discuss the Bank of Canada’s latest announcement, inflation risks, and why central bank independence remains critical in uncertain times. 
Published in The Globe and Mail. On Wednesday, to the surprise of few, the Bank of Canada held its policy interest rate at 2.25 per cent. We agree with the decision, though believe food price increases are likely to pose an ongoing challenge for the bank. It could test the limits of monetary policy. When the bank […] 
From: Jeremy M. Kronick and Steve AmblerTo: Interest rate watchersDate: December 16, 2025Re: Conflicting Signals Abound and Explain Interest Rate Caution Last week, the Bank of Canada held its policy interest rate (the overnight rate target) at 2.25 percent, in a move widely anticipated by financial markets. And while the last year has often seen the […] 
Ottawa’s forthcoming AI strategy needs to walk a tightrope between two equally important principles: safeguarding Canadians from possible misuses of AI but also giving our private and academic sectors the leeway to use Canada’s AI strengths to develop and commercialize new technologies and products.