La Fièvre De L’or – La Presse Opinion

Je me méfie de l’or qui provoque des poussées de fièvre chez les spéculateurs. Mais avec les taux d’intérêt cloués au plancher, certains investisseurs sérieux considèrent maintenant le métal jaune pour remplacer partiellement les obligations dans leur portefeuille, car celles-ci ne parviennent plus à jouer pleinement leur rôle stabilisateur.

En début de carrière, lorsque je faisais mes dents dans le journalisme économique, j’ai probablement trop rencontré de petits promoteurs miniers et de gold bugs, ces adorateurs du métal précieux qui, bien avant les furieux adeptes du bitcoin, voient dans l’or, les conserves et les armes à feu, des moyens de survie après l’effondrement de la civilisation et de la monnaie.

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Bank of Canada Should Keep Overnight Rate at 0.25 Percent and Maintain Federal Bond-Buying Program: C.D. Howe Institute Monetary Policy Council

September 3, 2020 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada keep its target for the overnight rate, its benchmark policy interest rate, at 0.25 percent at least until September of 2021. Most MPC members also recommended that the Bank of Canada continue its quantitative easing program through the period until its next overnight rate announcement on October 28th.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s CEO, chairs the Council. The Council’s principal recommendations are about the overnight rate target. Members make recommendations for the Bank of…

“Going Direct”: Not a New Tool, But an Old Pitfall for the Bank of Canada

Stephen Williamson – Three Questions About Bank Of Canada Balance Sheet Expansion

Kronick, Ambler, Robson – Welcome Clarity About Monetary Policy In Pandemic Times

In the pandemic fog, some welcome clarity from the Bank of Canada – Financial Post Op-Ed

Last Wednesday’s interest rate announcement and Monetary Policy Report (MPR) from the Bank of Canada were the first under new governor Tiff Macklem. They provide welcome clarity on the bank’s thinking about the economic impact of the coronavirus pandemic and how monetary policy should respond

Back in March, the bank cut its traditional policy instrument, the target overnight interest rate, to 25 basis points, alongside heavy interventions in financial markets to provide liquidity. The high degree of uncertainty associated with the virus and the ensuing economic lockdown led the bank to be vague in its accompanying commentary, including the key question of how it intended to hit its two per cent inflation target. The April MPR did…

Paul Jenkins on BNN – We need a ‘strong narrative from our policy makers’ to help the economy

Paul Jenkins, former senior deputy governor of the Bank of Canada and Senior Fellow at the C.D. Howe Institute, joins BNN Bloomberg to discuss Tiff Macklem’s first rate decision and outlook for the Canadian economy amid COVID-19.

Bill Robson on CityNews – Bank of Canada Holds Lending Rates Steady

The worst of the economic crunch is over, policies are working, and consumers should feel confident – those are some of the key messages from the Bank of Canada. CityNews’ Xiaoli Li talks with C.D. Howe Institute CEO Bill Robson about how the bank plans to keep money moving through the economy.

Bill Robson on BNN – Bank of Canada report was ‘more pessimistic’ than federal snapshot

Bill Robson, CEO of the C.D. Howe Institute, joins BNN Bloomberg to discuss Tiff Macklem’s first interest rate decision and the Bank of Canada’s monetary policy outlook amid the COVID-19 pandemic.

Guidelines and Creativity Key to Restoring Financial Confidence: Crisis Working Group on Monetary and Financial Measures

June 22, 2020 – Governments and regulators should set out guidelines to allow for creativity in encouraging investments, such as a “sandbox” where innovative approaches can be tested, according to a new C.D. Howe Institute working group report.

The C.D. Howe Institute Crisis Working Group on Monetary and Financial Measures argues such measures would increase the confidence of lenders and investors when engaging with businesses.

The group, co-chaired by David Dodge, former Governor of the Bank of Canada, and Mark Zelmer, former Deputy Superintendent, OSFI, also tackled issues such as the underwhelming uptake of certain support measures offered by governments, uncertainty on future policy responses to the pandemic,…

Jeremy M. Kronick – A Baseline Understanding Of Fiscal Sustainability

Kronick, Ambler – The Bank Of Canada’s Next Trick? Balancing The Balance Sheet