Council Reports
Too Soon to Call a Downturn
Report of the C.D. Howe Institute Business Cycle Council
July 28, 2015 - Data do not at this time allow declaring whether Canada has entered an economic downturn. This is the consensus view of the C.D. Howe Institute’s Business Cycle Council, which held its second meeting on July 22, 2015.
The Business Cycle Council is the arbiter of business cycle dates in Canada. The council is comprised of eminent economists active in the field, and acts as a conduit for research aimed at developing a deeper understanding of how the economy evolves and to provide guidance to policymakers. Members of the Business Cycle Council participate in their personal capacities, and the views collectively expressed do not represent…
July 9, 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 0.75 percent at its next announcement on July 15, 2015. Looking ahead, the Council called for the Bank to hold the target at 0.75 percent through the end of the year, raising it to 1.00 percent by July 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 recommendations…
January 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 1.00 percent at its next announcement on January 21, 2015. Looking ahead, the Council called for the Bank to hold the target at 1.00 percent through to July, and called for a target of 1.25 a year from now.
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.
MPC members make recommendations for…
