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From:  Jeremy M.Kronick and Nikki Hui To: Jeremy Rudin, Superintendent of OSFI Date: March 20, 2018 Title: Covered bonds: elsewhere, the sky’s the limit, why just 4 percent in Canada? Startling house-price increases in some markets and unprecedented levels of mortgage debt have fuelled concerns that taxpayer-backed mortgage insurance may be encouraging excessive borrowing – and putting…

Canada’s buoyant housing market, with lots of new construction, booming renovations, and a torrid pace of transactions, has been a good news story in a year that had too few. But as underlined in a recent FP article called “The housing boom that never ends,” the news on housing has been a little too good. Meanwhile, other business investment – in non-residential structures, machinery and…

To: Finance Minister Chrystia Freeland From: Ed Devlin and Anders Forssell Date: June 26, 2023 Re: Federal Mortgage-Bond Consolidation Should be a Non-Starter The federal government intends to engage in market consultations on the potential consolidation of Canada Mortgage Bonds (CMB) within the Government of Canada borrowing program, it said in its last budget. A decision is…

Published in the Financial Post on Dec 16, 2010 By Jan Carr and Benjamin Dachis In attempts to stimulate the creation of “green” jobs and technologies, some jurisdictions around the world have created programs that guarantee renewable electricity generators payments per kilowatt-hour (kWh) that are much higher than market prices. This approach of paying a premium to certain generators to…

From: Barry Gros To: Canada’s Pension Regulators Date: March 23, 2022 Re: We Need to Align Regulation and Management of Target-Benefit Pension Plans How should Canada regulate a target payment that is not guaranteed? This question is seldom asked, let alone answered, when it comes to setting standards for regulating target-benefit pension plans (TBPs.) Managing risk under…