Drummond, Sinclair – Troubles in Canada’s Health Workforce: What the Data are Saying
From: Don Drummond and Duncan Sinclair To: Canada’s Ministers of Health Date: November 10, 2022 Re: Troubles in Canada’s Health Workforce: What the Data are Saying Media reports abound with accounts of severe shortages of healthcare workers leading to cries of crisis, even collapse of the system, as Canadians suffer through long wait times for almost every facet of […] Tingting Zhang – How to Keep Canada’s International Student Engine Humming
From: Tingting Zhang To: Canadians Concerned About Labour Shortages Date: November 9, 2022 Re: How to Keep Canada’s International Student Engine Humming Each year, thousands of international students come to Canada, with its reputation of high-quality education, multiculturalism, and safety, to study and potentially stay. Beyond the billions they bring, talented international students are also […] ESG and Climate Change: Pension Fund Dos and Don’ts*
Pension fund administrators have a fiduciary duty to prudently manage financial risks and opportunities when investing plan assets and when managing plan operations that are paid from the pension fund. This includes the financial risks and opportunities associated with climate change and other environmental, social and governance (ESG) issues. But what are the legal dos […] Fund Fiduciaries Should Consider ESG Factors — for Financial Purposes
Pension fund fiduciaries should not ignore climate change and other environmental, social, and governance (ESG) factors that are relevant to financial purposes, according to a new report from the C.D. Howe Institute. In “ESG and Climate Change: Pension Fund Do’s and…S4 E16: SME Challenges with Michael Denham
Canada’s small and medium-size enterprises (SMEs) face numerous challenges to scaling-up to compete on the world stage. There are ways to remove those barriers to financing and deepen capital markets. Michael Denham, National Bank of Canada’s Vice Chair of Commercial and Financial Markets, tells C.D. Howe Institute Podcast Host Michael Hainsworth that there are three key hurdles to overcome.
Ambler, Kronick – Time to Pause the Interest Rate Escalator
From: Steve Ambler and Jeremy M. Kronick To: Bank of Canada Governing Council Date: November 7, 2022 Re: Time to Pause the Interest Rate Escalator The Bank of Canada continued its tightening cycle last month with a 50-basis-point increase in its target for the overnight rate. A surprise to those expecting a 75-basis point increase, but still a hefty hike. It continues […] Le faux choix de l’inflation ou de l’emploi – La Presse Op-Ed
On ne peut choisir une combinaison d’emploi et d’inflation, comme on mélange à sa guise l’eau chaude et l’eau froide dans sa douche. Si la Banque du Canada veut maximiser l’emploi de manière durable, elle doit d’abord maîtriser l’inflation autour de 2 %, sa mission première.
Même aux États-Unis, où la Fed a officiellement le double mandat de stabiliser les prix et de maximiser l’emploi « de manière durable », en pratique, l’objectif de l’emploi est subordonné à la lutte contre l’inflation.
Il ne s’agit pas d’une tromperie ou d’un choix idéologique, mais d’un constat empirique : sauf à court terme, on ne peut accroître l’emploi par des taux d’intérêt bas lorsque l’inflation est élevée. Cette politique…
Wyonch, Zhang – Health Spending – The Latest Data.
From: Rosalie Wyonch and Tingting Zhang To: Canadians Health Spending Watchers Date: November 4, 2022 Re: Health Spending – The Latest Data. Canada spent more than $75 billion on COVID-19 healthcare response, the Canada Institute for Health Information reported yesterday in its annual National Health Expenditure Trends database that includes finalized 2020 spending and preliminary […] Troubles in Canada’s Health Workforce: The Why, the Where, and the Way Out of Shortages
COVID-19 has piled troubles on top of troubles for Canada’s health-care sector and its workforce. Some believe it to be in crisis, collapsing even, the result of a shortage of workers, who have become ill themselves, burned out, resigned or retired early, or the result of having too few educated and trained workers in the […] Shlesinger, Loder, Benjamin – Shift in Focus to Improve Retirement for Canadians
To: Canadian Pension Plan Sponsors, Policymakers and Other Stakeholders From: Idan Shlesinger, Michelle Loder, and Gavin Benjamin Date: November 2, 2022 Re: Shift in Focus to Improve Retirement for Canadians With innovations emerging to address the shortcomings of defined-contribution (DC) pension plans and Group Registered Retirement Savings Plans, it is time for these capital accumulation plans to shift their […]Human Resource Issues in Healthcare Will Worsen
Canada faces future health worker shortages of family physicians, psychiatrists, Personal Support Workers (PSWs), and nurses, according to a report by the C.D. Howe Institute. In “Troubles in Canada’s Health Workforce: The Why, the Where, and the Way Out of Shortages” authors…Godbout, St-Cerny – A Dark Side to the Canada Child Benefit
From: Luc Godbout and Suzie St-Cerny To: Chrystia Freeland, Minister of Finance Cc: Karina Gould, Minister of Families, Children and Social Development Date: November 1, 2022 Subject: A Dark Side to the Canada Child Benefit Over the years, federal tax measures for children have evolved into a single benefit under the Canada Child Benefit (CCB), which is relatively […]