C.D. Howe Institute Monetary Policy Council to Bank of Canada: Hold Overnight Rate at 5.00 Percent until Early 2024, Cut to 4.25 Percent by Next September

August 31, 2023 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada maintain its target for the overnight rate, its benchmark policy interest rate, at 5.00 percent on September 6th. The MPC further recommends that the Bank keep the target at 5.00 percent at least until March of 2024, then reduce it to 4.25 percent by September of 2024.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s CEO, chairs the Council.

Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and…

C.D. Howe Institute Monetary Policy Council Says Bank of Canada Should Raise Overnight Rates to 5.00 Percent until Early 2024, Cut to 4.25 Percent by July of 2024

July 6, 2023 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada raise its target for the overnight rate, its benchmark policy interest rate, to 5.00 percent on July 12th. The MPC further recommends that the Bank keep the target at 5.00 percent at least until January of 2024, then reduce it to 4.25 percent by July of 2024.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s CEO, chairs the Council.

Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and one year…

C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Hold Overnight Rate at 4.50 Percent through December, Cut to 4.00 Percent by June of 2024

June 1, 2023 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada hold its target for the overnight rate, its benchmark policy interest rate, at 4.50 percent on June 7th, and keep it at that level for the next six months. By June of 2024, the Council recommends a cut to 4.00 percent.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s CEO, chairs the Council.

Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and one year ahead. The Council’s formal recommendation…

C.D. Howe Institute Monetary Policy Council Calls for Bank of Canada to Hold Overnight Rate at 4.50 Percent through October, Cut to 4.00 Percent by April of 2024

April 6, 2023 – The C.D. Howe Institute’s Monetary Policy Council (MPC) recommends that the Bank of Canada hold its target for the overnight rate, its benchmark policy interest rate, at 4.50 percent on April 12th, and keep it at that level for the next six months. By April of 2024, the Council recommends a cut to 4.00 percent.

The MPC provides an independent assessment of the monetary stance consistent with the Bank of Canada’s 2 percent inflation target. William Robson, the Institute’s CEO, chairs the Council.

Council members make recommendations for the Bank of Canada’s upcoming interest-rate announcement, the subsequent announcement, and the announcements six months and one year ahead. The Council’s formal…

Competition Act Reforms Must Be Evidence-Based and Homegrown – Only the Start of the Conversation: C.D. Howe Institute Competition Policy Council

March 30, 2023 – Reforms to Canada’s Competition Act must be evidence-based and homegrown, and are only the start of the conversation on promoting Canada’s competitiveness, according to a new Communiqué from the C.D. Howe Institute Competition Policy Council.

Released in response to the federal government’s discussion paper on reforms to the Competition Act, the Council’s 24th Communiqué emphasizes the need for caution before departing from established Canadian law and process – urging the government to rely on evidence demonstrating the need for change, instead of mimicking developments in competition law and policy in foreign jurisdictions that are still untested.

Referencing how the EU Digital…