Anita Anand Re-appointed As A Fellow-in-residence
William Robson, President and CEO of the C.D. Howe Institute, announces the re-appointment of Anita Anand as a Fellow-In-Residence. “We are very glad to continue our relationship with Anita—she brings a wealth of knowledge to the research program, notably in capital…Canada’s Adult Literacy “problem” And What To Do About It
Canada’s lacklustre performance on the OECD’s test of adult literacy, numeracy and problem solving has raised questions about the quality of provincial education systems, but the explanation for the poor scores lies elsewhere, according to a new C.D. Howe Institute…Bill Robson on The Exchange: What’s the best type of housing strategy
Bill Robson discusses affordable housing on The Exchange’s Big Picture panel, with co-panelists Goldy Hyder and Angella MacEwen.
Underperforming Adults? The Paradox of Skills Development in Canada
Canada’s lacklustre performance on the OECD’s test of adult literacy, numeracy and problem solving has raised questions about the quality of provincial education systems, but the explanation for the poor scores lies elsewhere, according to a new C.D. Howe Institute report. In “Underperforming Adults? The Paradox of Skills Development in Canada,” author Andrew Parkin determines the […] Thomas Kierans Re-appointed As A Senior Fellow
William Robson, President and CEO of the C.D. Howe Institute, announces the re-appointment of Thomas Kierans, O.C. as a Senior Fellow. “Tom has extraordinary experience as a business and think-tank leader,” remarked Robson. “We are honoured to have his…Drop in loonie poses threat to productivity: Globe and Mail Op-Ed
By Craig Alexander
The precipitous decline in the Canadian dollar has come as a shock to many businesses. Only a few years ago, forecasters were telling them to come to terms with a currency at par for the foreseeable future. Now, the Canadian dollar is worth close to 75 cents (U.S.) and could fall further. This is welcome news for the near-term economic outlook – the benefits to exporters will exceed the cost to importers, boosting economic growth. This demonstrates the value of Canada’s flexible exchange rate regime that acts as a buffer when economic shocks occur, such as the recent tumble in commodity prices. However, there is a potential dark side to a sustained low-valued loonie, as it can erode productivity and dampen…
Manitoba’s highly paid teachers: Winnipeg Free Press Op-Ed
By David Johnson
Teacher salaries must be attractive enough to draw talented people into the profession. The interesting question is: is there evidence on how much is enough? In Canada, provinces that pay their teachers more do not achieve better student results.
To come to this conclusion, some background is necessary. The first step is to see how teachers’ salaries stack up versus other earners in the province, as a way of measuring the attractiveness of teaching relative to other jobs. I compared 2013/14 teacher salaries, adjusted for age and education, to earnings of all employees and similarly educated employees in each province.
Surprisingly, teachers’ relative earnings vary a lot depending on the province.…Grant Bishop Appointed As A Fellow-in-residence
William Robson, President and CEO of the C.D. Howe Institute, announces the appointment of Grant Bishop as a Fellow-In-Residence “Grant has a variety of talents that will make him a valuable contributor at the C.D. Howe Institute,” commented…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 September 2016
September 3, 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 September 9, 2015. Looking ahead, the Council called for the Bank to hold the target at 0.50 percent through to March of 2016 and hike it to 0.75 percent by September 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…
Policymakers Must Prepare For The Surprise Factor In Economic Growth – C.D. Howe Institute
Economic growth from technological innovation tends to spring up in unpredictable places, creating winners and losers, states a new report from the C.D. Howe Institute. In “Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth,” author…Canada’s Uneven Economic Growth: What Policymakers Should Do
Economic growth from technological innovation tends to spring up in unpredictable places, creating winners and losers, states a new report from the C.D. Howe Institute. In “Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth,” author…Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth
Economic growth from technological innovation tends to spring up in unpredictable places, creating winners and losers, states a new report from the C.D. Howe Institute. In “Mushrooms and Yeast: The Implications of Technological Progress for Canada’s Economic Growth,” author Peter Howitt finds that rather than focusing on supporting specific industries, governments should encourage and harness […]