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.
December 4, 2025 – 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 December 10, and maintain it at that level over the next year. The MPC, chaired at this meeting […]
Steve Ambler, Thorsten Koeppl, and Jeremy Kronick argue that central bank independence has become increasingly vulnerable, and that reinforcing it is essential for Canada’s economic stability.
November 25, 2025 – As political pressure intensifies on the US Federal Reserve, a new C.D. Howe Institute report warns that Canada must not assume the Bank of Canada’s independence is secure. Ottawa, it says, should act now to safeguard the Bank from political influence and ensure it can continue delivering low and stable inflation. […]
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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 […] 
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.