Provinces in the Red: Crisis Debt Loads?
The Annual David Laidler Lecture with Dr. Kyle Hanniman, Paul Jenkins and Warren Lovely
Provinces across Canada entered the COVID-19 pandemic heavily indebted, a fact exacerbated by the stimulus needed to support the millions of Canadians impacted by the crisis. To ensure provinces had liquidity, the Bank of Canada stepped in with the Provincial Money Market Purchase Program and the Provincial Bond Purchase Program. Join the C.D. Howe Institute on October 15 to hear an expert panel discuss the unprecedented levels of provincial debt, the Bank of Canada’s intervention, and stabilizing this debt in the future.
The C.D. Howe Institute is deeply honoured to host the Annual David Laidler Luncheon to recognize the outstanding accomplishments of Professor Laidler in the field of monetary policy.
C.D. Howe Institute events and webinars are open to members and their guests.
Dr. Kyle Hanniman, Assistant Professor of Political Studies, Queen's University
Kyle Hanniman is an assistant professor of political studies. He completed his PhD at the University of Wisconsin-Madison and his BA at St. Thomas University. Before coming to Queen’s, he was a policy associate at the University of Toronto’s Mowat Centre; a post-doctoral fellow at the University of Toronto’s Institute on Municipal Finance and Governance; and a visiting researcher at the European University Institute.
Paul Jenkins, Senior Fellow, C.D. Howe Institute; Former Senior Deputy Governor, Bank of Canada
Paul received his M.Sc. in economics from the London School of Economics and Political Science in England and his B.A. in economics from the University of Western Ontario in London, Canada. From 2003 to 2010, Paul served as senior deputy governor of the Bank of Canada. He was the bank’s chief operating officer and a member of its board of directors. His duties included overseeing strategic planning, the conduct of monetary policy as a member of the bank’s governing council and participating in fulfilling the bank’s responsibilities for promoting financial stability.
In addition to his position at the C.D. Howe, Jenkins is past Chair of the board of governors of the University of Western Ontario and a member of the Ottawa Community Foundation Investment Committee.
Warren Lovely, Managing Director, Head of FICC Strategy, National Bank Financial
Warren Lovely is a Managing Director with National Bank Financial, serving as chief rates and public sector strategist within the firm’s highly regarded Economics and Strategy group. Warren provides investors and issuers in Canada and globally with detailed analysis of economic, fiscal and public policy developments.
Warren joined NBF in 2015 from CIBC, where he had worked for 15 years in a variety of specialized roles in economics, strategy and debt underwriting. Warren had earlier worked for the Government of Canada in Ottawa, serving as a policy analyst/economist in key federal departments and agencies, including the Department of Finance.
Warren holds a Master’s degree in economics from Queen’s University in Kingston, Ontario, having earlier graduated with a Bachelor of Arts in economics from Wilfrid Laurier University in Waterloo, Ontario.
Warren is a frequent commentator on financial markets in the media and regularly speaks to fixed income investors, business groups and governments in Canada and abroad.