The C.D. Howe Institute Monetary Policy Council is comprised of 12 of Canada’s most distinguished financial-market and monetary economists. Chaired by the Institute’s Chief Executive Officer William Robson, it provides the Bank of Canada, financial-market participants and economic policy commentators with a regular independent assessment of the appropriate stance of Canadian monetary policy as the Bank of Canada pursues its 2 percent inflation target.

The Monetary Policy Council convenes to discuss the Bank of Canada’s policy toward the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, shortly before each of the Bank’s interest-rate announcements.

The Bank of Canada’s interest-rate announcements occur roughly every six weeks. The Monetary Policy Council’s recommendations, including the individual votes of its members, appear on the C.D. Howe Institute’s website at 2:00 p.m. on the Thursday before each scheduled announcement. You can find the MPC and Bank of Canada schedules here.

 


 

Co-Chairs

William B.P. Robson

President and Chief Executive Officer

Jeremy Kronick

Associate Vice President, Director of the Centre on Financial and Monetary Policy

Members

Steve Ambler

Steve Ambler

Fellow-In-Residence
Edward A. Carmichael

Edward A. Carmichael

Founding Partner, Ted Carmichael Global Macro
Beata Caranci

Beata Caranci

Senior VP & Chief Economist, TD Bank Group
Michael Devereux

Michael Devereux

Royal Bank Professor of International Economics, University of British Columbia
Stéfane Marion

Stéfane Marion

VP & Chief Economist, National Bank of Canada
Angelo Melino

Angelo Melino

Professor of Economics, University of Toronto
Jean-François Perrault

Jean-François Perrault

Senior Vice-President and Chief Economist, Scotiabank

Luba Petersen

Research Fellow
Douglas Porter

Douglas Porter

Chief Economist, BMO Capital Markets
Avery Shenfeld

Avery Shenfeld

Managing Director, Economics, Department, CIBC

Content

Research Papers