Two Sides of the Same Coin: Why Stablecoins and a Central Bank Digital Currency Have a Future Together
Canada Needs a Digital Dollar in the New Crypto World With Canada on the cusp of a new chapter in its monetary history as cryptocurrencies grow in popularity, the Bank of Canada should issue a central bank digital currency to facilitate the emergence of Canadian dollar stablecoins, according to a new report from the C.D. […] Canada Needs a Digital Dollar in the New Crypto World
With Canada on the cusp of a new chapter in its monetary history as cryptocurrencies grow in popularity, the Bank of Canada should issue a central bank digital currency to facilitate the emergence of Canadian dollar stablecoins, according…Jon Johnson – Biden Administration’s Flawed Bill H.R. 5376 – US international obligations must be respected
From: Jon Johnson To: The US Senate Date: November 25, 2021 Re: Biden Administration’s Flawed Bill H.R. 5376 – US international obligations must be respected Without any Republican support, the House has now passed the Biden Administration’s Bill H. R. 5376. This legislation requires confirmation by the Senate before becoming law. The Senate can approve […]Jon Johnson – US Infrastructure Legislation – Massive Buy America, Some Acknowledgement of US International Obligations
From: Jon Johnson To: Global Affairs Canada Date: November 23, 2021 Re: US Infrastructure Legislation – Massive Buy America, Some Acknowledgement of US International Obligations The Biden administration’s infrastructure package is now, finally, enacted. Title IX of the legislation, labelled Build America, Buy America, sets out 57 pages of requirements that elaborate on earlier US laws requiring that […]The WTO’s next meeting comes at a critical moment for global trade and the organization itself – Globe and Mail Op-Ed
While some may have been disappointed by the recent COP26 in Glasgow, Scotland, it has delivered on many promises, creating expectations for the next major global gathering – the World Trade Organization’s all-important 12th Ministerial Conference (MC12), to be held in Geneva from Nov. 30 to Dec. 3.
The first meeting of WTO trade ministers in four years, the talks will test the political skills of the new WTO director-general, Ngozi Okonjo-Iweala, in getting consensus on a range of contentious issues. Restoring the organization’s diminishing relevance and showing it can be responsive to today’s pressing global issues (trade and climate change being at the forefront) represents a daunting challenge
American leadership on…
Jeremy Kronick on BNN – The Bank of Canada needs to adopt a digital currency
As cryptocurrencies grow in popularity, the C.D Howe Institute is calling on the Bank of Canada to issue a central bank digital currency in order to keep up with innovation in the payment space. Jeremy Kronick, Associate Director of Research, joins BNN Bloomberg for more details.
S3 E22: Canada’s Economic Recovery with John Stackhouse and Cynthia Leach
We welcome back RBC’s John Stackhouse and Cynthia Leach to discuss how an estimated $280B saved by Canadian households during the pandemic will impact economic recovery, and what role public policy should play in guiding Canada out of the pandemic tunnel and into the light.Janis Sarra – Directors Need Help on Climate Change
From: Janis Sarra To: Canada’s Boards of Directors Date: November 22, 2021 Re: Directors Need Help on Climate Change Climate change considerations are looming large in corporate boardrooms as directors grapple with emerging reporting rules. The latest development came with Mark Carney’s announcement at the COP26 summit in Glasgow of the Global Finance Alliance for Net Zero (GFANZ), whose […] Drummond, Samson – Four Pillars for Canada’s Green Transition
From: Don Drummond and Rachel Samson To: Concerned Canadians Date: November 19, 2021 Re: Four Pillars for Canada’s Green Transition Canadian governments are counting on strong economic growth to reduce debt burdens that ballooned during the pandemic. But realizing that growth depends on how well Canadian businesses adapt to rapidly changing market realities. In the near term, Canada’s economic recovery […] The “Demand Stabilization Mechanism”: Using Temporary GST Cuts as Automatic Fiscal Policy
Automatic GST Cuts Should Be In Ottawa’s Tool Box To Fight Downturns The federal government should consider automatic cuts to the goods and services tax (GST) in downturns as a complementary fiscal policy measure states the report. Authors Robin Boadway and Thorsten Koeppl propose an automatic mechanism that would use temporary cuts in the GST […] Automatic GST Cuts Should Be In Ottawa’s Tool Box To Fight Downturns
The federal government should consider automatic cuts to the goods and services tax (GST) in downturns as a complementary fiscal policy measure, according to a report from The C.D. Howe Institute. …We don’t need new competition laws for Big Tech – Financial Post Op-Ed
Canada’s competition laws do not need to be fundamentally rewritten for “big tech.” The best approach to ensuring Canadians benefit from digitization lies, not in devising new competition principles targeting a few large players, but in modernizing the application of principles we already have.
Data has always been at the heart of relations between businesses and their customers and suppliers. There has also always been a market for the attention of potential customers. What digital technologies have done is massively enhance our ability to collect and analyze this kind of data. Businesses can reach customers and suppliers on a previously unimagined scale, yet with pinpoint precision, an effect called “mass customization.”…