Shaky Assumptions: The Hazards of Relying on Energy Scenarios in Federal Policy
Governments around the world rely on the predictions of global energy agencies to inform their own domestic energy policies and regulations. The most notable agencies include the International Energy Agency (IEA), the Organization for Petroleum Exporting Countries (OPEC), and the US Energy Information Administration (EIA). This paper explores the role of forecasts and scenarios […] Don’t Base Net Zero Regulations on Scenarios from Canadian Energy Regulator
The federal government should develop its own publicly available energy policy scenarios to direct Canada’s energy policy decisions instead of relying on the Canadian Energy Regulator’s (CER) energy outlook, according to a new report from the C.D. Howe Institute…Henry Lotin – Ottawa has No Process to Determine Skills for Half all Migrants
From: Henry Lotin To: Canada’s Immigration Watchers Date: June 3, 2024 Re: Ottawa has No Process to Determine Skills for Half all Migrants Federal officials do not collect complete skills data for about half of our permanent resident and temporary visa arrivals. Without accurate information on new arrivals’ skills, we cannot effectively gauge whether they are matched with employment […] C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Lower Overnight Rate to 4.75 Percent, Cut to 3.50 Percent by June 2025
May 30, 2024 – The C.D. Howe Institute’s Monetary Policy Council (MPC) calls for the Bank of Canada to lower its target for the overnight rate, its benchmark policy interest rate, to 4.75 percent at its next announcement on June 5th. The MPC further calls for the Bank to lower the target to 4.50 at the following announcement in July, on the way to a target of 3.50 percent by June of 2025.
The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent…
Spurring R&D: Canada Needs Focused Reforms to SR&ED and an IP Box
Finance Canada is conducting a review to modernize and improve the scientific research and experimental development (SR&ED) tax incentive program, and is considering the creation of a Patent Box for Canada. The review of SR&ED should recognize that its raison d’être is to encourage R&D, which benefits society through knowledge spillovers. Separate programs should […] In Memoriam: Dr. Gary P. Mooney, K.C.
The Board of Directors and staff at the C.D. Howe… Focused Review Of Sr&ed And IP Box Needed
Finance Canada’s review of the scientific research and experimental development (SR&ED) tax incentive program should stay focused on the program’s raison d’être to encourage research and development (R&D), and remain separate from other activities in the innovation…Focused Review of SR&ED and IP Box Needed
Finance Canada’s review of the scientific research and experimental development (SR&ED) tax incentive program should stay focused on the program’s raison d’être to encourage research and development (R&D), and remain separate from other activities in the innovation…Bob Baldwin – Don’t Handcuff Big Pension Plans to Canada
From: Bob Baldwin To: Finance Minister Chrystia Freeland Date: May 28, 2024 Re: Don’t Handcuff Big Pension Plans to Canada Last month’s budget unveiled a working group led by former Bank of Canada governor Stephen Poloz to collaborate with pension fund leaders to encourage funds to invest more of their assets in Canada. This initiative is not consistent with […] Kronick, Ambler – Predicting (and Confirming) Business Cycles in Canada
To: Recession forecasters From: Jeremy M. Kronick and Steve Ambler Date: May 24, 2024 Re: Predicting (and Confirming) Business Cycles in Canada A recent staff working paper by Temel Taskin and Franz Ulrich Ruch at the Bank of Canada uses a sophisticated model – a dynamic autoregressive (AR) probit model – and business cycle turning points published by the C.D. Howe […] The Doctor Dilemma: Improving Primary Care Access in Canada
The lack of access to family physicians is a critical issue in Canada, with millions of Canadians lacking access to a primary care provider. Shortages have been exacerbated by the pandemic, which led to notable levels of physician burnout and an increase in retirements. This Commentary estimates the shortages of family physicians in provinces […]