Barry Gros – Standards Hinder the Proper Management of Target Benefit Pension Plans
From: Barry Gros To: Canada’s Pension Regulators Date: September 12, 2022 Re: Standards Hinder the Proper Management of Target Benefit Pension Plans The majority of single-employer defined-benefit (DB) pension plans in the private sector have been either closed to future accruals, completely converted to defined-contribution plans or wound up. Their influence lingers, however, in pension regulation. It took government […]Jon Johnson – Recent Section 232 Initiatives – One Positive and the Other Less So
From: Jon Johnson To: Canadians Concerned About US Section 232 National Security Tariffs Date: September 9, 2022 Re: Recent Section 232 Initiatives – One Positive and the Other Less So Imports of steel and aluminum from Canada into the US were subject to tariffs of 25 percent (steel) and 10 percent (aluminum) by aggressive use by the […]Crunch Time for Credit Unions amid Growing Challenges
It is crunch time for Canadian credit unions as they face the challenges of digitization, new regulations, payment modernization and increased competition. To meet these challenges, this important part of Canada’s banking sector, serving both individuals and businesses…Aiming Higher: How to Build Greater Resiliency for Large Credit Unions in Canada
Credit unions represent an important part of the Canadian banking sector and, therefore, the Canadian economy. Outside of Quebec, at the end of 2021 credit unions held almost $280 billion in assets, representing about 7 percent of banking sector assets. While improving corporate governance has been part of the reform agenda for federal policymakers and […] Koeppl, Kronick – Assessing the Impact of Unconventional Monetary Policy
To: Bank of Canada Governing Council From: Thorsten Koeppl and Jeremy M. Kronick Date: September 8, 2022 Re: Assessing the Impact of Unconventional Monetary Policy For much of the past two decades, interest rates have fallen in Canada (and elsewhere) but are now headed in the opposite direction. Where we land over the long haul is unclear. However, it […]Miville Tremblay – Tax Cut Promises on Quebec’s Campaign Trail Seem Unwise
From: Miville Tremblay To: Quebec Election Watchers Date: September 7, 2022 Re: Tax Cut Promises on Quebec’s Campaign Trail Seem Unwise A post-pandemic euphoria grips our politicians on the campaign trail. We would like to join in, but the tax cuts promised by both the Coalition avenir Québec (CAQ) and the Liberals are problematic. They may have broad […] Miville Tremblay – Les partis de l’économie se « lâchent lousse » !
De la part de: Miville Tremblay A l’attention de: Observateurs économique Date: 7 septembre, 2022 Sujet: Les partis de l’économie se «lâchent lousse»! Une euphorie postpandémique s’empare de nos politiciens en campagne électorale. On aimerait y croire, mais les baisses d’impôt promises par la Coalition avenir Québec (CAQ) et les libéraux posent problème. Ces annonces plairont au plus grand […]Les partis de l’économie se « lâchent lousse » ! – La Presse Op-Ed
Une euphorie postpandémique s’empare de nos politiciens en campagne électorale. On aimerait y croire, mais les baisses d’impôt promises par la Coalition avenir Québec (CAQ) et les libéraux posent problème.
Ces annonces plairont au plus grand nombre, mais elles aggraveront l’inflation, que ces partis veulent pourtant soulager. Que vaudra une réduction d’impôt, si elle entraîne des paiements hypothécaires plus élevés ?
Ce n’est pas le moment de stimuler une économie en surchauffe, alors que la Banque du Canada hausse les taux d’intérêt pour calmer le jeu.
Cette générosité soudaine provient d’une lecture avec des lunettes roses du Rapport préélectoral sur l’état des finances publiques du Québec.…
Parisa Mahboubi – Back to School: A Good Time to Examine Canada’s Digital Skill Deficit
To: Canadians Concerned About Growth From: Parisa Mahboubi Date: September 2, 2022 Re: Back to School: A Good Time to Examine Canada’s Digital Skill Deficit Rapid digitalization across the economy and an aging population are feeding Canada’s digital and STEM skills shortages. The COVID-19 pandemic has also intensified the need for digital skills across all sectors, and contributed to […] Daniel Schwanen – An ASEAN Trade Agreement Would Help Lower Inflation and Raise Standards of Living
From: Daniel Schwanen To: Canadians Concerned About Inflation and Standards of Living Date: September 1, 2022 Re: An ASEAN Trade Agreement Would Help Lower Inflation and Raise Standards of Living With the world in the grips of inflation, nations whose governments look outward and strengthen ties with complementary economies stand a much better chance than […]C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Raise Overnight Rate to 3.25 Percent
September 1, 2022 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada raise its target for the overnight rate, its benchmark policy interest rate, by 75 basis points to 3.25 percent on September 7th, and maintain the current pace of reduction in its holdings of Government of Canada bonds.
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…
Lessons from the Yield Curve: Evaluating Monetary Policy in Different Interest Rate Environments
Bank of Canada Policy Must Adapt to Changing Interest Rate Environments The Bank of Canada needs to take into account prevailing interest rate environments and adjust its monetary policy tools accordingly, finds a new report from the C.D. Howe Institute. In “Lessons from the Yield Curve: Evaluating Monetary Policy in Different Interest Rate Environments,” authors […]