I’m concerned we’re going to see deterioration in the numbers in the spring budget: C.D. Howe CEO
Bill Robson, CEO of C.D. Howe Institute, shares with BNN Bloomberg whether he thinks the federal government is striking the balance between managing fiscal responsibilities and the need to spend on priorities. Marion Steele – The Case for an Affordable Rental Housing Investment Tax Credit
From: Marion Steele To: Canadian housing observers Date: November 17, 2023 Re: The Case for an Affordable Rental Housing Investment Tax Credit Steps to remedy Canada’s rental housing crisis are urgently needed. The federal National Housing Strategy has been a disappointment, resulting in few new housing units under construction and fewer still completed. Four years after launch, its five […]New Domestic Stability Buffer Council Recommends Financial Regulator Maintain its Buffer at 3.5 Percent
November 15, 2023 – The C.D. Howe Institute’s new Domestic Stability Buffer Council (DSBC) – composed of seven senior professionals in the areas of financial and monetary policy, including Jeremy Kronick, the Institute’s Director of the Centre on Financial and Monetary Policy and chair of the…Chris Bonnett – National Pharmacare: Get Practical, or Fail Again
From: Chris Bonnett To: Pharmacare Watchers Date: November 15, 2023 Re: National Pharmacare: Get practical, or fail again Two truths: All Canadians need access to prescription drugs, and drug insurance is expensive. Can we manage both realities? Imminent federal legislation requires us to find a way, but it cannot be the public model recently costed by the Parliamentary […] November 15, 2023: Domestic Stability Buffer Council Recommends Holding Buffer at 3.5 Percent at Inaugural Meeting
At its inaugural meeting, the C.D. Howe Institute’s Domestic Stability Buffer Council (DSBC) recommended that the Office of the Superintendent of Financial Institutions (OSFI) maintain its Domestic Stability Buffer (DSB) at 3.5 percent at its next setting in December.
The DSBC provides OSFI, industry participants, and key economic policy voices with an independent assessment of the appropriate size of the buffer in pursuit of OSFI’s mandate of contributing to public confidence in the Canadian financial system. The Council consists of Vivian Abdelmessih, Cathy Cranston, Jamey Hubbs, Peter Levitt, Duncan Munn, Mark Zelmer, and Jeremy Kronick who is Chair. Council members make recommendations for OSFI’s upcoming DSB…
Rise, Stall, or Fall: The Key Drivers Behind Inflation’s Path in Canada
Inflation surged in most advanced economies in 2021 and 2022 before easing considerably in 2023. In Canada, the headline Consumer Price Index (CPI) rose 8.1 percent in the year ending June 2022, then declined to 2.8 percent by June 2023 – the most pronounced acceleration and deceleration in the pace of price changes in decades. Canada’s […] Who’s Steering? The Drivers Behind Inflation’s Big Swings
Canada’s headline Consumer Price Index (CPI) has recently experienced one of the most pronounced accelerations and decelerations in the pace of change in decades – hitting 8.1 percent year over year in June 2022 and declining to 2.8 percent by June 2023. What’s driving…Grant Bishop – Ottawa Needs to Get Back to Carbon Pricing Basics
From: Grant Bishop To: Climate policy observers Date: November 14, 2023 Re: Ottawa Needs to Get Back to Carbon Pricing Basics Last month, a Supreme Court majority held that the core of the federal Impact Assessment Act (IAA) is unconstitutional – a “Trojan horse” of federal overreach into provincial jurisdiction. Amid much criticism, this legislation was enacted […] Alberta’s case for taking half CPP’s assets – Financial Post
Since the release of the Alberta Pension Plan report, I’ve read with interest the steady stream of commentary and opinion and, while there have been some thoughtful pieces, much of it has been ill-informed and misleading.
Doubt has been cast on the credibility of the firm that researched and delivered the report. Questions have been raised about the relevance of the formula used to calculate the transfer amount. And there seems to be general disbelief that a province with only 12 per cent of the nation’s population could have title to 53 per cent of the assets of the Canada Pension Plan (CPP).
Albertans will only be able to properly weigh the risks and opportunities of an Alberta Pension Plan (APP) when these…
We need to clarify the CPP’s exit rules – Financial Post
Many commentators, including the prime minister and leader of the opposition, have now weighed in on the downsides of Alberta withdrawing from the Canada Pension Plan (CPP) and creating its own Alberta Pension Plan (APP). The Alberta proposal puts at risk a plan that has been providing secure retirement, survivor and disability benefits for nearly 60 years.
Much of the criticism and concern revolves around the $334 billion that a report prepared by the actuarial firm LifeWorks for the government of Alberta says the province should claim in compensation for assuming responsibility for paying the future benefits Albertans earned while their province was part of the CPP. The amount is 53 per cent of CPP’s current…