Kronick, Munn, Zelmer – The Big Questions Surrounding the Future of Deposit Insurance
From: Jeremy M. Kronick, Duncan T. Munn and Mark Zelmer To: Canadian Deposit Insurance Regulators Date: May 1, 2023 Re: The Big Questions Surrounding the Future of Deposit Insurance More than 15 years have passed since the $100,000 deposit insurance limit for eligible deposits at the Big Six banks and a host of other smaller federally regulated deposit-taking institutions […] Dr. Danielle Martin – Collaboration, not Competition, Will Get Us Through Our Healthcare Crisis
From: Dr. Danielle Martin To: Canadian healthcare observers Date: April 28, 2023 Re: Collaboration, not Competition, Will Get Us Through Our Healthcare Crisis In the real world of health service delivery, the last three years have taught us a great deal. The pandemic has been a test of endurance for healthcare workers for sure, but it has also […] Shaun Francis – Only Competition Can Rescue Healthcare
To: Canadian healthcare observers From: Shaun Francis Date: April 27, 2023 Re: Only Competition Can Rescue Healthcare Twenty-five years ago, I secured the rights to a state-of-the-art telehealth system and brought it to Canada. Patients called a number to receive instant advice and be directed effectively to a proper level of care. I thought it would greatly benefit […] Live Long and Prosper? with Bill Robson
You’re at risk of running out of money in retirement. On episode eight of the C.D. Howe Institute Podcast, CEO Bill Robson tells host Michael Hainsworth why we need to change the rules regarding RRIFs today to ensure Canadians live long – and prosper. Zhang, Wyonch – Improving Primary Care Access
To: Canadians Concerned About Primary Care Access From: Tingting Zhang and Rosalie Wyonch Date: April 26, 2023 Re: Improving Primary Care Access Too many people don’t have a family doctor, a longstanding and worsening problem in Canada while primary care is the foundation of our healthcare system. Health systems with strong primary care have better outcomes, lower emergency use, […] After SVB’s collapse, what to do about deposit insurance?- Financial Post Op-Ed
It has been 15 years since the $100,000 deposit insurance limit for eligible deposits at the Big Six banks and a host of other smaller federally-regulated deposit-taking institutions came into force. Inflation since then suggests the time has come to raise it. But we may want to think about other changes, too.
Canada has a fragmented deposit insurance system. In addition to the federal system managed by the Canada Deposit Insurance Corp.(CDIC), deposits of provincially incorporated institutions, like most credit unions and caisses populaires, are backed by their respective provincial deposit insurance corporations. Coverage limits in those systems range from $100,000 in Quebec to full coverage in the four western…
Lessons Learned: Three Takeaways from the BoC’s Inflation Fight
The Bank of Canada’s aggressive fight against well-above-target inflation offers central banks three key takeaways, according to a new report from the C.D. Howe Institute. In “Slaying the Beast: The Bank of Canada’s Ongoing Battle with Inflation…Slaying the Beast: The Bank of Canada’s Ongoing Battle with Inflation
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 percent at its nadir in May 2020, to a peak of 8.1 percent in June 2022 before finishing 2022 at 6.3 […] Lessons Learned: Three Takeaways From The Boc’s Inflation Fight
The Bank of Canada’s aggressive fight against well-above-target inflation offers central banks three key takeaways, according to a new report from the C.D. Howe Institute. In “Slaying the Beast: The Bank of Canada’s Ongoing Battle with Inflation…Ambler, Kronick – Silver Linings for Canada in the SVB Implosion
From: Steve Ambler and Jeremy Kronick To: Canadian Inflation Watchers Date: April 25, 2023 Re: Silver Linings for Canada in the SVB Implosion The Bank of Canada held its overnight rate, its benchmark policy rate, at 4.5 percent two weeks ago. No surprises there. The data were consistent with the Bank’s view that inflation would come back down to three percent by […] Bafale, Spence – Expanding Competition in the Canadian Banking Sector
To: Canada’s Policymakers From: Mawakina Bafale and Andrew Spence Date: April 24, 2023 Re: Expanding Competition in the Canadian Banking Sector Canada’s recent record on business investment has been jarring in its weakness, with available capital per worker in a sustained decline that undermines the economy’s capacity for productivity growth, innovation and dynamism. This is […] Climate subsidies like Canada’s $13-billion for Volkswagen herald new trade wars – Globe and Mail Op-Ed
As governments subsidize ever-expanding decarbonization measures, including Volkswagen’s St. Thomas, Ont., battery plant that got $13 billion from Canada, there are clouds gathering on the trade horizon.
Canada had matched what Volkswagen would have gotten under similar, American subsidies. Many of these national measures to aid the transition to net-zero emissions, even if based on the Kyoto Protocol and the Paris climate-change agreement, may run headlong against trade rules that prohibit both the subsidization of goods that enter international markets as well as local content requirements that discriminate against imports.
Governments have to find accommodation or the world could be in store for a…