Toronto, April 17 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada lower its target for the key overnight interest rate to 3.25 percent at its next announcement on April 22. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
Toronto, February 28 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada lower its target for the key overnight interest rate to 3.75 percent at its next announcement on March 4. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
Toronto, January 17 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today recommended that the Bank of Canada lower its target for the key overnight interest rate to 4.00 percent at its next announcement on January 22. The overnight rate is a very short-term money-market rate that the central bank targets for monetary policy purposes.
Much of this brief draws on David Laidler and William Robson, “Ill-Defined Benefits: The Uncertain Present and Brighter Future of Employee Pensions in Canada,” C.D. Howe Institute Commentary 250, June 2007.
2004 - Jack M Mintz,Tom Roberts
This article appeared in the Canadian Tax Journal and was awarded the 2002 Douglas J. Sherbaniuk Award (Canadian Tax Foundation).