Benjamin Dachis – Three Strings For Ottawa’s Housing Price Bow
From: Benjamin Dachis To: Canadian housing watchers Date: June 11, 2021 Re: Three Strings for Ottawa’s Housing Price Bow Housing costs have become a national economic concern, reaching policymakers in Ottawa. Normally, federal moves affect the demand side of housing through lending policy. But lending power does not address lack of supply, which is the core problem. What […] Let There Be More Light: Enhancing Public Accountability for Prudential Supervision
Lift “Veil of Secrecy” Around OSFI Supervision of Banks, Insurers Banks and insurers would benefit from greater clarity on how the Office of the Superintendent of Financial Institutions (OSFI) conducts prudential supervision. In this report Mark Zelmer, former Deputy Superintendent of Financial Institutions at OSFI, reviews the prudential supervisory frameworks used by OSFI and its provincial […] Steve Ambler Re-appointed as C.D. Howe Institute Fellow-in-Residence
William Robson, CEO of the C.D. Howe Institute, announces the re-appointment of Steve Ambler as a Fellow-in-Residence and holder of the Institute’s David Dodge Chair in Monetary Policy. “Steve is an outstanding…Lift “veil Of Secrecy” Around Osfi Supervision Of Banks, Insurers
Banks and insurers would benefit from greater clarity on how the Office of the Superintendent of Financial Institutions (OSFI) conducts prudential supervision, says a new report from the C.D. Howe Institute. In “Let There Be More Light: Enhancing Public Accountability for…Three ways Ottawa could really help boost housing supply without crossing the line – Financial Post Op-Ed
Housing costs have become a national economic concern, reaching policymakers in Ottawa. Normally, federal moves affect the demand side of housing through lending policy. But lending power does not address the core problem now, which is lack of supply. What could Ottawa do in an area that is normally provincial jurisdiction? It could use its money wisely to solve problems local governments have a harder time tackling.
First, Ottawa could require that infrastructure grants only go to areas that expedite development. Here the key justification for a federal role is a need to curb local residents’ opposition to construction. This opposition, which restricts entry, would be considered anti-competitive action if a business…
Don Drummond – Breathing Life Into The Liberal Government’s Quality Of Life Index
From: Don Drummond To: Finance Minister Chrystia Freeland Date: June 9, 2021 Re: Breathing Life into the Liberal Government’s Quality of Life Index Following the lead of a number of other countries, the Department of Finance and Statistics Canada are engaged in an investigation of and consultations on how to inform policymaking better with information on Canadians’ quality of […] Beugin, Shaffer – The Climate Policy Certainty Gap And How To Fill It
From: Dale Beugin and Blake Shaffer To: Infrastructure Minister Catherine McKenna Date: June 4, 2021 Re: The Climate Policy Certainty Gap and How to Fill It Canada now has a pan-Canadian carbon price that is due to rise to $170 per tonne by 2030. Yet some firms appear to be holding off on investing capital in expensive, long-lived, […] Bank of Canada Should Keep Overnight Rate at 0.25 Percent over Coming Year: C.D. Howe Institute Monetary Policy Council
June 3, 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 at least until June of 2022, but reduce its purchases of Government of Canada bonds from the current pace of $3 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 interest-rate announcement, the subsequent announcement, and the announcements six months and one year ahead. The Council’s formal…
Lawson Hunter on BNN – Tech competition laws need to be ‘tweaked’ to allow intervention
Lawson Hunter is counsel at Stikeman Elliott and a member of the Competition Policy Council of the C.D. Howe Institute. He co-authored a recent article looking at what Big Tech means for the economy and the competition issues it presents. As a former BCE executive, he also offers his view on the competitive landscape in Canada’s telecom.
COVID-19: The C.D. Howe Institute’s Complete Policy Analysis
As the COVID-19 crisis continues to unfold, C.D. Howe Institute experts have been busy tackling the policy challenges that the global pandemic has created. On this page, readers can find our most recent reports from our Crisis Working Groups, Intelligence Memos, op-eds, media appearances and more addressing the issues affecting Canadians and the economy in these troubled times. Data and […] Glen Hodgson – How Should Governments Assess Crown Corporation Financial Performance?
Canada’s Crown corporations form a major part of the economy, but rarely draw detailed scrutiny. In his latest C.D. Howe Institute Commentary and in this special Intelligence Memo series, Fellow-in-Residence Glen Hodgson sets out principles for effective governance for Crowns. Today, we examine the financial dimension. From: Glen Hodgson To: Overseers of Crown Corporations Date: June 2, 2021 […]