Women Still Face Gaps with Men in the Labour Market
Women’s labour market and employment outcomes have improved significantly since the pandemic; however, they still continue to face gaps compared to men, according to a new report from the C.D. Howe Institute. In “Juggling Act: Women, Work and Closing the Gaps with Men,” the…More hikes likely, the BoC should consider more active QT: Former BoC deputy governor John Murray
John Murray, senior fellow at the C.D. Howe Institute and a former deputy governor at the Bank of Canada, tells BNN Bloomberg, agrees with today’s 25 bps hike and expects more hikes this year as monetary conditions are still not tight in real terms. He also discusses the resilience in the labour and housing markets. Kronick, Ambler – Slaying the Beast: The Bank of Canada’s Inflation Fight
From: Jeremy M. Kronick and Steve Ambler To: Inflation observers Date: June 6, 2023 Re: Slaying the Beast: The Bank of Canada’s Inflation Fight The surge of inflation as economies recovered from the COVID lockdowns of 2020 and 2021 took central bankers and most other observers by surprise. Canada was no exception. Year-over-year CPI inflation rose from -0.4 […]BoC could make same mistake as ECB did in 2008 if it hikes rates today: Ed Devlin
Ed Devlin, founder of Devlin Capital, senior fellow at C.D. Howe Institute and former head of Canadian Portfolio Management at PIMCO, joins BNN Bloomberg for his outlook on the BoC upcoming rate announcement. Devlin warns the BoC could make a policy mistake similar to the one committed by the European Central Bank in 2008 if it continues hiking rates. The Economics of Supply Chain Politics with Dan Ciuriak
The economics of supply chain politics doesn’t add up. C.D. Howe Institute Fellow-In-Residence Dan Ciuriak tells host Michael Hainsworth that meeting geopolitical goals by binding the invisible hand of the markets only ties it behind a country’s back.
Tom Mulcair – Beware the False God of Private Healthcare
From: Tom Mulcair To: Canadian healthcare observers Date: June 5, 2023 Re: Beware the False God of Private Healthcare Ontario’s Bill 60 was introduced last winter and it’s the latest stealthy attempt to subvert Canada’s public healthcare system by letting for-profit care creep in. You will never know it by reading the title or anything in it because it […] Parisa Mahboubi on BNN – Women still face gaps with men in the labour market: Study
Parisa Mahboubi, senior policy analyst at C.D. Howe Institute, joins BNN Bloomberg to discuss the ways in which women’s participation in the labour force, their work lives and work performance have been impacted by the pandemic. Bill Robson on BNN – Could Canada benefit from a debt ceiling? C.D. Howe CEO on Canada’s fiscal future
Bill Robson, CEO of the C.D. Howe Institute, joins BNN Bloomberg to talk about why Canada could benefit from conversations on implementing debt controls in this country. Robson says the U.S. model is not the right approach but having no radar or limit on debt at the federal level in Canada is not good. G. Kent Fellows – New Automaker Subsidies are Unwise and Inflationary
From: G. Kent Fellows To: Concerned Canadians Date: June 1, 2023 Re: New Automaker Subsidies are Unwise and Inflationary Following the federal Government’s announcement of $700 million in construction subsidies and up to $14 billion in production subsidies to attract a Volkswagen battery plant to Ontario, automaker Stellantis has demanded a similar deal. Stellantis had already begun building […]Canada, with our flagrant public spending, could benefit from a debt ceiling – Globe and Mail Op-Ed
Nobody likes the U.S. debt ceiling, it seems. If the recent deal to raise it does not pass both houses of Congress, the U.S. government will soon be legally unable to borrow. Within weeks – perhaps days – it will have to slash spending. It may default on already-outstanding debt. A financial crisis and recession could follow. What’s to like?
There is one thing. The ceiling periodically brings U.S. political leaders face-to-face with their fiscal profligacy. Granted, they respond with partisanship and brinksmanship. They talk about gimmicks, such as minting a trillion-dollar coin and forcing the U.S. Federal Reserve to buy it with newly printed money.
Those leaders will not meaningfully address the chronically…
C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Hold Overnight Rate at 4.50 Percent through December, Cut to 4.00 Percent by June of 2024
June 1, 2023 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada hold its target for the overnight rate, its benchmark policy interest rate, at 4.50 percent on June 7th, and keep it at that level for the next six months. By June of 2024, the Council recommends a cut to 4.00 percent.
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.
Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and one year ahead. The Council’s formal…