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 […] Godbout, St-Cerny – La face cachée de l’Allocation canadienne pour enfants
De: Luc Godbout et Suzie St-Cerny À: Chrystia Freeland, Ministre des Finances et Karina Gould, Ministre de la Famille, des Enfants et du Développement social Date: 1 novembre 2022 Objet: La face cachée de l’Allocation canadienne pour enfants Au fil des années, les mesures fiscales fédérales pour enfants ont évolué pour converger vers une prestation unique au titre […] S4 E15: The Future of the Bank of Canada’s Balance Sheet
The Bank of Canada’s balance sheet has ballooned under COVID-19. The C.D. Howe Institute’s Jeremy Kronick and Steve Ambler join host Michael Hainsworth to discuss why, why it won’t be coming down any time soon, and what the implications are for monetary policy as interest rates skyrocket.
Michael Bordo — History Unlearned Dogs the Federal Reserve’s Inflation Fight
This Memo is extracted from Michael Bordo’s address at the C.D. Howe Institute’s annual David Laidler lecture last month. To: Monetary Policy Observers From: Michael Bordo Date: October 31, 2022 Re: History Unlearned Dogs the Federal Reserve’s Inflation Fight Many of the monetary policy issues long thought resolved are back with a vengeance in 2022. And when one […] Bank of Canada should now pause rate hikes and reflect – Financial Post Op-Ed
The Bank of Canada continued its tightening cycle on Wednesday by announcing a 50-basis-point increase in its target for the overnight rate. That came as a surprise to those who expected a 75-basis point increase, but it’s still a hefty hike.
It continues the Bank’s front-loading of its rate increases, which is intended to reduce the scale of future rate hikes. In our view, this latest increase was needed – both to reduce the harm of further increases and to re-anchor inflation expectations – but now the time has come to pause and reflect.
Since the Bank’s September 7th rate boost, the consumer price index (CPI) numbers for August and September have been published. Headline inflation ticked…
Charles DeLand — Another LNG opportunity for Canada to grasp
To: Canadian Climate and Energy Infrastructure Watchers From: Charles DeLand Date: October 25, 2022 Re: Another LNG opportunity for Canada to grasp German chancellor Olaf Sholz came to Canada late this summer seeking Canadian liquefied natural gas (LNG). He left empty-handed, not for lack of supply but because Canada lacks the infrastructure to deliver it. And mixed government messaging […] Workplace Pensions Need 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 (Group RRSPs), it is time for these capital accumulation plans to shift their focus from building assets to providing lifetime…Money for Life: Putting the “Pension” Back in Employee Pension Plans
New innovations are emerging to address the shortcomings of the “poor cousins” among employer-sponsored pension plans – defined-contribution (DC) plans and Group RRSPs. Unlike defined-benefit (DB) plans, they do not provide retirement income for life but instead focus on the accumulation phase. It’s time to put the “pension” back in these plans, which are known […] Miville Tremblay – Sustainable Finance and its Critics
To: Canadian ESG Observers From: Miville Tremblay Date: October 21, 2022 Re: Sustainable Finance and its Critics Sustainable finance is not green enough! No, it’s too woke! Worse, it’s a damn mess! Attacks abound on sustainable finance, which had grown to $3 trillion US in global mutual fund and ETF assets by the end of 2021. That number has […] Can We Really Retrofit One House Every Minute?
Roughly 5.3 million Canadian homes are electrified now, leaving 10.2 million to be retrofitted. And this number will grow as more homes get built for a growing population. A total of 13.5 million homes need to be electrified by 2050. On average that’s almost 422,600 homes that will need to be retrofitted each year (1,158 […] Benjamin Dachis – What Will It Take To Build 1.5 Million Ontario Homes in a Decade?
From: Benjamin Dachis To: Ontario Housing Policy Watchers Cc: Ontario Minister of Municipal Affairs and Housing Steve Clark Re: What Will It Take To Build 1.5 Million Ontario Homes in a Decade? Date: October 20, 2022 Municipal elections are being held on Monday across Ontario. The next day, Ontario’s legislature returns to work. Also that […] Credit Unions Punch Above Their Weight With Canadian Smes
Source: CFIB December 2019 Research Snapshot. Credit unions in Canada play an important role in promoting financial services competitiveness. At the end of 2019, just before COVID-19, total credit union market share (assets/total financial institution assets) was 7.3 percent. While small relative to the big banks, credit unions punch above their weight in providing banking […]