Campbell, Omran – Benchmarking Canada’s Price Of Protection
To: Canadian insurance watchers From: Alister Campbell and Farah Omran Date: September 9, 2021 Re: Benchmarking Canada’s Price of Protection Over a recent four-year period, Canadians paid $50 billion per year in premiums to insurers for property and casualty insurance, which includes liability, property and auto. Our recent C.D. Howe Institute Commentary sought to answer several core questions about […] Tammy Schirle – When Markets Fail: The Case For Government Support For Childcare
From: Tammy Schirle To: Canadians Concerned about Childcare Date: September 8, 2021 Re: When Markets Fail: The Case for Government Support for Childcare It’s easy to find an economist who likes well-functioning, perfectly competitive markets. I’m one of them. Some markets for goods and services are best left to work on their own, with nothing more than the proverbial […] The Leaders Really Should Talk Monetary Policy – Financial Post Op-ed
Statistics Canada’s latest gross domestic product release contained at least two surprises. The first was that real GDP fell at an annualized rate of one per cent in the second quarter. That made headlines. With all the stimulus and rising optimism about recovery from the COVID recession, why the setback?
But a second surprise was that nominal spending — measured in the dollars that actually changed hands, before adjustment for price changes — rose at an eight per cent annualized rate. That raised eyebrows. The difference between a one-per cent real fall and an eight-per cent nominal rise is nine per cent higher prices. Real activity slipped a little. The value of our money slipped a lot.
We already knew that consumer…
Payments to Parents for Childcare Can Spur Supply of New Spaces
A frequently repeated talking point is that sending daycare subsidies to parents, instead of daycare operators, is of no benefit because it doesn’t increase spaces. Is there merit to this claim? For many years, Quebec has offered families two options for making childcare more affordable: 1) subsidized spaces with a low universal flat fee, which […] Mackinnon, Laurin – Payments To Parents: The Better Childcare Answer
To: Canadians concerned about childcare From: Janice MacKinnon and Alexandre Laurin Date: September 7, 2021 Re: Payments to Parents: The Better Childcare Answer Providing parents with funding to access childcare has many advantages over a universal, government-run childcare system: the ability to link benefits to income, more inclusive access, simplicity and uniformity across Canada and affordability. As an example, […] L’étau réglementaire se resserre sur les cryptos – La Presse Opinion
La partie ne sera pas facile, mais les régulateurs ont commencé à serrer la vis au Bitcoin, à ses milliers de cousins cryptos et aux infrastructures qui gravitent dans cet univers opaque et apatride.
La Financial Conduct Authority du Royaume-Uni, incapable de superviser adéquatement Binance, la plus grande Bourse de cryptomonnaies au monde, interdit ses activités sur son territoire. La plateforme n’a pas répondu aux questions de base posées par le régulateur, qui estime que ses « produits complexes et à haut risque » font courir des « risques significatifs » aux investisseurs.
Binance, incorporée dans les îles Caïman, n’a pas de siège social. Chaque mois, il se négocie sur cette Bourse immatérielle des…
Dachis, Robson – More Economic Policy Issues For This Election Campaign
From: Benjamin Dachis and William B.P. Robson To: Canadian Federal Parties Date: September 3, 2021 Re: More Economic Policy Issues for this Election Campaign Economic policy has featured in the federal election campaign. But not enough. Canadians have heard a few things about housing (the main focus should be boosting supply), childcare (parties should put […] Joanne De Laurentiis Re-Appointed as C.D. Howe Institute Senior Fellow
William Robson, CEO of the C.D. Howe Institute, announces the re-appointment of Joanne De Laurentiis as a Senior Fellow. “Joanne’s wide experience in the financial and regulatory sectors make her an…Mark Romoff Appointed as C.D. Howe Institute Senior Fellow
William Robson, CEO of the C.D. Howe Institute, announces the appointment of Mark Romoff as a Senior Fellow. “Mark’s numerous accomplishments during a career in both government and the private sector testify…C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Hold Overnight Rate Target at 0.25 Percent through Fall, Maintain Bond Purchases at $2 Billion per Week
September 2, 2021 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada keep its target for the overnight rate, its benchmark policy interest rate, at 0.25 percent through October, before raising it to 0.50 percent by March of 2022, and to 0.75 percent by September of 2022. It also recommends that the Bank maintain its quantitative-easing purchases of Government of Canada bonds at the current pace of $2 billion per week.
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…
Widespread Devastation For Seniors
The impact of COVID-19 on Canadian seniors has been devastating. Unfortunately, new research suggests that official counts likely underestimate COVID-19 deaths among the senior population at large. It is well known that the pandemic took a heavy toll on seniors living in long-term care and retirement homes, however, recalibrated estimates suggest that 62 percent of […] S3 E17: Normalizing Monetary Policy with Robert S. Kaplan
How will the US Federal Reserve normalize central bank policy without crashing the economy? Dallas Federal Reserve President and CEO Robert S. Kaplan tells Michael Hainsworth why he’s not focused on raising interest rates any time soon, and the role the Delta variant of COVID-19 may play.