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.
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 […]
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 […]
Membership Application
Interested in becoming a Member of the C.D. Howe Institute? Please fill out the application form below and our team will be in touch with next steps. Note that Membership is subject to approval.
"*" indicates required fields
Member Login
Not a Member yet? Visit our Membership page to learn more and apply.
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 […] 
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 […]