Council Reports
January 17, 2013 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on January 23, 2013. The Council further called for the Bank to hold the target at 1.00 through mid-year, recommending a target of 1.25 percent by January of 2014.
The MPC is a C.D. Howe Institute project that provides an independent assessment of the Bank of Canada’s monetary stance as it pursues its 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
The MPC’s formal recommendations…
November 29, 2012 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called on the Bank of Canada to maintain its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on December 4, 2012. The Council further recommended that the Bank hold the overnight rate target at 1.00 through December of 2013.
The MPC is a C.D. Howe Institute project that provides an independent assessment of the monetary stance most appropriate for the Bank of Canada as it seeks to achieve its 2 percent inflation target. William Robson, the Institute’s President and CEO, chairs the Council.
The MPC’s formal recommendations …
C.D. Howe Institute Business Cycle Council Issues Authoritative Dates for the 2008/2009 Recession
The newly established C.D. Howe Institute Business Cycle Council has determined authoritative dates for the onset of the 2008/2009 recession and the resumption of economic growth in Canada. Based on a careful analysis of key economic indicators, the Council determined that the recession started in November 2008 and lasted seven months until May 2009. As a foundation for further work on business cycles, the Council has also agreed on a common set of reference dates for historical recessions in Canada starting in 1929.
The Institute created the Business Cycle Council to act as an arbiter of business cycle dates in Canada. It comprises a panel of expert business and academic macroeconomists and economic historians.…
