Dump the 120-day takeover rule: Financial Post Op-Ed
By Anita Anand
This month, Suncor Energy Inc. made a hostile bid to acquire Canadian Oil Sands and in particular its 37 per cent in Syncrude Canada Ltd. The Suncor bid raises questions about the appropriate legal regime governing takeover bids in Canada. Securities regulators have not historically operated on the basis of harmonized rules governing defensive tactics that a target board, like Canadian Oil Sands, can adopt prior to or in the face of a bid. This disunity may fade away as the Canadian Securities Administrators (CSA) stand poised to adopt a new takeover bid regime.
Under the CSA draft rules, a takeover bid would have an irrevocable 50 per cent minimum tender condition. Once met, the rules would require an…
Bill Robson on the Exchange: Alberta’s Provincial Budget and Bombardier in Quebec
Institute President and CEO, Bill Robson, along with ArmineYalnizyan, joined host Bruce Sellery to discuss the latest Alberta budget, and Bombardier getting financial aid from Quebec’s provincial government.
The Effect of First Nations Modern Treaties on Local Income
Modern treaties have boosted incomes in First Nation communities and have led to more resource development, according to a new C.D. Howe Institute Report. In “The Effect of First Nations Modern Treaties on Local Income,” author Fernando M. Aragón shows that, beyond bettering First Nations economically, there are material benefits for resource companies and neighbouring […] Modern Treaties Boost First Nations Income, Benefit Resource Companies
Modern treaties have boosted incomes in First Nation communities and have led to more resource development, according to a new C.D. Howe Institute Report. In “The Effect of First Nations Modern Treaties on Local Income,” author Fernando M. Aragón shows that, beyond bettering…Ben Dachis on The Exchange: Is There A Better Way for Canada Post?
The Institute’s Ben Dachis visited CBC’s The Exchange on October 27 to discuss what he thinks is a better way forward for Canada Post.
Quebec’s Underfunded Pension Plan Holds Lessons For Cpp, Orpp: Globe And Mail Op-ed
By Yves Trudel
The experience of the Quebec Pension Plan – Canada Pension Plan’s equivalent for the province – holds cautionary lessons for the country’s new pension options, such as the pending Ontario Retirement Pension Plan (ORPP) or proposed CPP enhancements. Without proper independent governance and rate-setting mechanisms, risks are great that the ORPP or an enhanced CPP will end up improperly funded, leading once again to more intergenerational transfers of wealth.
A recent C.D. Howe Institute report shows that the QPP’s contribution rate was set too low from the beginning, despite the advice of experts and actuaries. As the plan matured, multiple reports pointed to imminent needs for…
Charles Beach Re-appointed As A Research Fellow
William Robson, President and CEO of the C.D. Howe Institute, announces the re-appointment of Charles Beach, Professor Emeritus at Queen’s University, as a Research Fellow. “The breadth and depth of Charles’s research is remarkable,”…Feasible Pharmacare in the Federation: A Proposal to Break the Gridlock
An expanded federal role in financing pharmacare would set the stage for wider coverage and greater cooperation in drug pricing, states a new report from the C.D. Howe Institute. In “Feasible Pharmacare in the Federation: A Proposal to Break the Gridlock,” authors Åke Blomqvist and Colin Busby propose a politically affordable way forward to start […] How To Break Up The Logjam Over Pharmacare
An expanded federal role in financing pharmacare would set the stage for wider coverage and greater cooperation in drug pricing, states a new report from the C.D. Howe Institute. In “Feasible Pharmacare in the Federation: A Proposal to Break the Gridlock,” authors Åke…Daniel Trefler Re-appointed As A Research Fellow
William Robson, President and CEO of the C.D. Howe Institute, announces the re-appointment of Daniel Trefler, Professor of Business Economics at the Rotman School of Management, as a Research Fellow “Dan is a leading expert on…James Davies Re-appointed As A Research Fellow
William Robson, President and CEO of the C.D. Howe Institute, announces the re-appointment of James Davies, Professor of Economics at Western University, as a Research Fellow. “Jim brings a wealth of knowledge to the Institute’s research,”…C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Hold Overnight Rate at 0.50 Percent through Mid-Year; Hike to 0.75 Percent by October 2016
October 15, 2015 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on October 21, 2015. Looking ahead, the Council called for the Bank to hold the target at 0.50 percent through to April of 2016 and hike it to 0.75 percent by October of 2016.
The MPC provides an independent assessment of the monetary stance appropriate for the Bank of Canada as it pursues its 2 percent inflation target. William Robson, the Institute’s President and Chief Executive Officer, chairs the Council.
Council members make…