Jeremy Kronick on BNN – Explaining the Bank of Canada’s Latest Transparency Experiment
The Bank of Canada released minutes of its January 25 interest rate meeting this week. Our Jeremy Kronick outlined the benefits and risks of this first-ever initiative for a BNN Bloomberg television audience.
Musgrove, Johnson – A Modest Suggestion for Ottawa’s Unwise Competition Act Proposals: First, Do No Harm
From: James Musgrove and Hannah Johnson To: Competition Law Observers Date: February 3, 2023 Re: A Modest Suggestion for Ottawa’s Unwise Competition Act Proposals: First, Do No Harm Canada, as much of the world, is engaged in reappraising its approach to competition and antitrust policy. Less than a year ago Canada enacted significant changes to its Competition Act, including […] Calibrating Competition Policy for the Digital Age
Canada’s competition reforms must keep pace with data-driven business models by empowering authorities with modern tools to detect, assess, and stop conduct that genuinely harms competition, innovation, or consumers. New Competition Rules Should Cast a Wide Net to Be Effective
New rules for Canada’s Competition Act should cast a wide net over all significant players involved in the digital provision of services to Canadians, according to a new report from the C.D. Howe Institute. In “Calibrating Competition…New NHL arenas in Calgary and Ottawa better not cross-check taxpayers – Financial Post Op-Ed
Interest is ramping up again in Calgary and Ottawa about new NHL arenas for each city’s downtown, after earlier projects failed to launch. Modern downtown arenas would have obvious attractions for owners and fans in both cities. If the projects proceed, however, it’s a lock that taxpayers will be asked to provide financial support. Should they? And, if they do, on what conditions?
The main purpose of any new building is to help the private owners of the franchise make more money by selling more tickets, luxury boxes, refreshments and advertising, including naming rights. In an ideal world, buildings would be completely privately financed and operate profitably thanks to strong demand, with frequent use…
Aksoy, Barrero, Bloom, Davis, Dolls, Zarate – How Remote-Working Canadians Use Commute Time Savings
From: Cevat Giray Aksoy, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Mathias Dolls, and Pablo Zarate To: Canadian Commuters Date: February 1, 2023 Re: How Remote-Working Canadians Use Commute Time Savings COVID-19 brought a large, lasting shift to work from home. Clearly, this shift reduces the amount of time that workers spend commuting. But […] Glen Hodgson – How Should Canada Respond to the US Inflation Reduction Act?
From: Glen Hodgson To: Canadians Interested in Economic Competitiveness Date: January 31, 2023 Re: How Should Canada Respond to the US Inflation Reduction Act? The reality of climate change and the imperative to reduce GHG emissions is now being addressed by policymakers in many countries, most notably in new comprehensive US legislation. The Inflation Reduction Act […] Healthcare After COVID-19 with Dr. Bob Bell and Will Falk
What should healthcare in Canada look like after COVID-19? Dr. Robert Bell and William Falk join the C.D. Howe Institute Podcast for our second episode to discuss privatization and the future of telemedicine. Paul Jenkins – Pathways to Price Stability
From: Paul Jenkins To: Monetary Policy Watchers Date: January 30, 2023 Re: Pathways to Price Stability Given the high degree of uncertainty in today’s global economy and biases regarding desired policy outcomes, views going into last Wednesday’s Bank of Canada rate announcement varied dramatically. Disagreements abounded: Are further increases needed, yes or no? Rates will […]The Bank of Canada is right to ease off the brakes and see what happens – Financial Post Op-Ed
The Bank of Canada met market expectations last week by raising its policy rate by 25 basis points, to 4.5 per cent. The bank also changed its tone from hesitant caution to guarded optimism. Its message: Hikes might just be over.
In December, the bank made clear that any further tightening would depend on the data. This time, it stressed that if inflation declines in key sectors to the extent it forecast in its latest Monetary Policy Report, it will hold the policy rate steady and pause to assess the impact of its cumulative rate hikes. A terminal peak of 4.5 per cent would also be in line with the most recent C.D. Howe Institute Monetary Policy Council announcement.
We expect — as most Canadians…
Howell, Jang, Kim, Weisbach – Privatizing Infrastructure: Evidence from Airports
To: Canadian Travellers From: Sabrina T. Howell, Yeejin Jang, Hyeik Kim, and Michael S. Weisbach Date: January 27, 2022 Re: Privatizing Infrastructure: Evidence from Airports Canada’s now-chronic airport problems may result from a systemic problem of a lack of investor discipline in Canada’s airport management. Canada is the only country in the world that has transferred its largest […]The Global Safe Asset Shortage: Why it Matters for Canada
In the decade leading up to the pandemic, safe assets did not keep pace with global demand. The supply of high-grade government bonds in advanced economies was constrained because budget deficits were declining. At the same time, the demand for these assets increased due to the aging population, more restrictive regulations on financial institutions (requiring […]