Luc Godbout – Ancrages Budgétaires, Boussoles, Cibles, Garde-fous, Règles D’or Ou Tutti Quanti – Au-delà Du Nom Choisi, Cerner Leur Rôle

De: Luc Godbout À: Chrystia Freeland, Ministre des Finances Date: 10 novembre, 2020 Re: Ancrages budgétaires, boussoles, cibles, garde-fous, règles d’or ou tutti quanti – au-delà du nom choisi, cerner leur rôle On ne le répètera jamais assez, la crise de la COVID-19 constitue un bel exemple où l’État a un puissant rôle de régulation économique à jouer. […]

BC’s Public Registry to Combat Money Laundering: Broken on Arrival

Money Launderers Will Easily Dodge Detection under New BC Public Land Registry British Columbia’s new public land registry has significant flaws that greatly undermine its ability to help investigators detect money laundering in BC real estate. In “BC’s Public Registry to Combat Money Laundering: Broken on Arrival” Kevin Comeau lays out the changes that should be […]

Christopher Sands – What Does A Biden Presidency Mean For Canada?

From: Christopher Sands To: Concerned Canadians Date: November 9, 2020 Re: What does a Biden presidency mean for Canada? Christopher Sands answered that question for Michael Hainsworth in the C.D. Howe Institute’s podcast. Here’s an edited version of his comments. I think we can expect a kind of return to normal. Biden’s an old hand, he’s been around Washington […]

Ambler, Kronick – Choreography For The Bank Of Canada’s Delicate Dance

From: Steve Ambler and Jeremy M. Kronick To: Bank of Canada watchers Date: November 6, 2020 Re: Choreography for the Bank of Canada’s Delicate Dance The Bank of Canada recently announced an end to two short-term lending programs it introduced at the start of the pandemic. Their winding down is welcome news: it means the Bank has been successful […]

Barry Gros – Is It Too Late To Change The Conversation On Target Benefit Plans?

From: Barry Gros To: Canada’s pension regulators Date: November 5, 2020 Re: Is it too late to change the conversation on target benefit plans? Why is it that when I’m in conversations about the viability of target benefit (TB) pension plans I keep hearing that “contribution adequacy” or “contribution sufficiency” seems to be the primary concern? I’ve been following […]

Boessenkool, Zon – Are We Doing Enough To Help Parents Weather The Covid Storm?

From: Ken Boessenkool and Noah Zon To: Federal and Provincial Ministers of Finance and Labour Date: November 4, 2020 Re: Are We Doing Enough to Help Parents Weather the COVID Storm? The current crisis has had an outsized impact on women with young children. While men with young children have largely recovered their hours of […]

Inflation may be back sooner than you think – Financial Post Op-Ed

Last week’s quarterly “Monetary Policy Report” (MPR) from the Bank of Canada sketched the long and likely winding road Canada’s economy needs to travel before it gets back to where it was pre-pandemic. And, with it, the long road inflation will have to take to return to its target rate of two per cent.

At the same time, the bank announced it would hold the target overnight rate of interest at its effective lower bound of 25 basis points (i.e., 0.25 per cent), “until economic slack is absorbed so that the two per cent inflation target is sustainably achieved,” which the bank estimates will not happen until sometime in 2023.

This amounts to “forward guidance” about the path of the overnight rate target — an effort to reduce…

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