Kronick, Ambler – Inflation is Easing: Let Us Count the Ways
From: Jeremy M. Kronick and Steve Ambler To: Canadian Inflation Watchers Date: December 13, 2023 Re: Inflation is Easing: Let Us Count the Ways The Bank of Canada surprised no one by holding its target for the overnight lending rate at 5 percent last week. Early-December Statistics Canada releases showing a decline in third-quarter GDP and an uptick in the unemployment rate sealed […]Verbatim: Health and Ageing
This Verbatim is based on a presentation to the federal government on November 17, 2023.Don Drummond is Stauffer-Dunning Fellow at Queen’s University as well as Fellow-in-Residence and Senior Fellow at the C.D. Howe Institute.Canada long ago missed the chance to properly prepare for the inexorable ageing of its population and its broader implications for healthcare, […] Canada is Behind the Ageing Curve
Canada is behind the ageing curve and needs a strategic approach to better meet the needs of its rapidly surging senior population and address the broader implications for our healthcare system, society and economy. In Verbatim “Health and Ageing,” which is based on a…Jon Johnson – CUSMA and Dairy – Round Two
From: Jon Johnson To: Canadian Trade Watchers Date: December 11, 2023 Re: CUSMA and Dairy – Round Two Shortly after CUSMA came into effect in 2020, the US challenged Canadian practices in administering the tariff rate quotas (TRQs) for the 14 dairy products that comprise Canada’s dairy supply management system. Under a TRQ, a limited […]Drummond, Robson – Grading the Fall Federal Economic Statement
From: Don Drummond and William B.P. Robson To: Canadian fiscal observers Date: December 8, 2023 Re: Grading the Fall Federal Economic Statement Before the release of the federal 2023 Fall Economic Statement, we laid out a framework for grading it. We hoped for transparency about the government’s finances, frankness about the economic and fiscal challenges, and a halt to populist tax measures. […] Let it Fail? Reflections on the SVB Collapse and the US and Canadian Approaches to Bank Crises
Despite having highly similar economies, in banking the experience of the crisis-prone United States contrasts starkly with Canada’s stability. For each major US crisis, different reasons have been put forward to explain Canada’s comparative stability in the face of broadly similar shocks, an issue that arose again in the context of the failure of […] Crisis-Prone US Banking System Can Learn from Canada
Canada and the US are highly similar economies from a global perspective. However, the US has a unique history of major banking crises over the years, while Canada has been remarkably stable. A new C.D. Howe Institute report asks why these two systems differ, and what the US…Mario Polèse – Lessons from Montreal’s Failed Inclusionary Zoning Experiment
From: Mario Polèse To: Canada’s housing watchers Date: December 7, 2023 Re: Lessons from Montreal’s failed inclusionary zoning experiment In January 2021, the City of Montreal adopted its flagship bylaw for a diverse metropolis, popularly known as bylaw 20/20/20 because of the requirement for developers (for projects of five dwellings or more) to include social, affordable and […]Peter Hall – India: Opportunity Lost?
From: Peter Hall To: International trade watchers Date: December 6, 2023 Re: India: Opportunity Lost? It couldn’t be happening. Years of careful and painstaking cultivation of political, cultural and business relations with India suddenly seem in tatters. A G20 summit in New Delhi in September where Canada seemed to be sidelined, followed by shocking and very public […]Despite the Bank of Canada’s continued tough talk, rate cuts are coming – Globe and Mail
The Bank of Canada surprised no one by holding its target for the overnight lending rate at 5 per cent on Wednesday. Last week’s releases by Statistics Canada showing a decline in third-quarter GDP and an uptick in the unemployment rate sealed the deal.
Nevertheless, the announcement made it clear that the bank is not satisfied with the pace at which inflation is falling, stressed that the fight against inflation is not yet won, and stated that they stand ready to boost rates again if inflation numbers disappoint.
It’s clear that the bank is concerned about inflation expectations becoming de-anchored from the 2-per-cent target. They continue to prioritize re-establishing any…
Double the Pain: How Inflation Increases Tax Burdens with Bill Robson and Alex Laurin
Inflation acts as an additional tax on Canadians, and when inflation is high, the pain is exacerbated. So what’s the solution? Host Michael Hainsworth speaks to C.D. Howe Institute CEO Bill Robson and Director of Research Alexandre Laurin to understand how Ottawa can ease the pain no matter the inflation rate.
Duncan T. Munn – Nuclear Energy and LNG are Keys to Low-Carbon Canada
From: Duncan T. Munn To: Energy observers Date: December 4, 2023 Re: Nuclear Energy and LNG are Keys to Low-Carbon Canada The national conversation about net-zero has tended to focus on renewable energy, such as wind and solar, both of which have important roles to play. But nuclear energy and liquefied natural gas (LNG) have also emerged as pragmatic […]