About the C.D. Howe Institute

The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.

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Monetary Policy

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This research concerns central banking, its goals such as controlling inflation, the tools used to reach them such as policy  interest rates, related indicators such as the growth of money and credit; and the role central banks play in supervising and providing liquidity to financial markets. In addition to this research, the Institute's Monetary Policy Council provides a regular independent assessment of the appropriate stance of Canadian monetary policy as the Bank of Canada pursues its 2 percent inflation target.

Faulty Transmissions: How Demographics Affect Monetary Policy in Canada
March 27, 2018 - Steve Ambler and Jeremy Kronick
Canada’s aging population has acted as a drag on the effectiveness of monetary policy since the financial crisis, according to a new report from the C.D. Howe Institute. In “Faulty Transmissions: How...
Understanding the Volatility of the Canadian Exchange Rate
February 8, 2018 - Martin Eichenbaum, Benjamin K. Johannsen and Sergio Rebelo
Contrary to popular belief, commodity prices are not the best predictor of the future exchange rate for the Canadian dollar, according to new research from the C.D. Howe Institute. In “Understanding...
Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?
June 6, 2017 - Jeremy Kronick
House rich, big-spending Canadians are taking a gamble on the risk of an economic shock in Canada, according to a new report from the C.D. Howe Institute. In Spendthrifts and Savers: Are Canadians...
Putting Money to Work: Monetary Policy in a Low Interest Rate Environment
November 3, 2016 - Steve Ambler
Expanding the money supply is the best option for the Bank of Canada in a low interest rate environment, states a new report from the C.D. Howe Institute. In “Putting Money to Work: Monetary Policy...
Ripple Effects: Oil Price Shocks and Monetary Policy
August 30, 2016 - Steve Ambler
August 30, 2016 – The effects of large oil price shocks on the Canadian economy are complex, as is the best response of monetary policy, but getting it wrong can be very costly, according to a new C....
Taking the Economic Pulse: An Improved Tool to Help Track Economic Cycles in Canada
July 26, 2016 - Jeremy Kronick
A new business cycle measurement developed by a C.D. Howe analyst provides further evidence that there was no recession in 2015, according to a new Institute report. In “Taking the Economic Pulse: An...
What the Bank of Canada is not signalling: Low inflation
Op-Ed
Bank of Canada Governor Stephen Poloz punted the “Will He or Won’t He” rate watch to July when the Bank of Canada left its target overnight rate unchanged on Wednesday. Markets had factored in only a...
Bank of Canada Should Hold Overnight Rate at 1.25% Next Week, Hike to 2% by Next Year
Council Report
May 24, 2018
May 24, 2018 — The C.D. Howe Institute’s Monetary Policy Council (MPC) called for the Bank of Canada to hold its target for the overnight rate, its benchmark policy interest rate, at 1.25 percent at...
Bank of Canada Should Hold Overnight Rate at 1.25 Percent Next Week, Hike to 2.00 by Next Year: C.D. Howe Institute Monetary Policy Council
Council Report
April 12, 2018
April 12, 2018 — The C.D. Howe Institute’s Monetary Policy Council (MPC) called for the Bank of Canada to maintain its target for the overnight rate, the very short-term interest rate it targets for...
Un pour cent? Vraiment? Ce que la théorie économique moderne laisse présager quant au rendement futur des investissements
Research
Les épargnants et les caisses de retraite doivent faire face à des rendements futurs inférieurs sur leurs investissements, affirme une nouvelle étude d’Institut C.D. Howe. Dans « Un pour cent?...
29 Nov 2018
Nov
29
  • Maureen Jensen, Chair and Chief Executive Officer of the Ontario Securities Commission (OSC)
Annual Benefactors' Lecture and Dinner
Toronto, 75 Lower Simcoe Street
Thursday, November 29, 2018, 5:30 pm to 8:30 pm
27 Mar 2018
Mar
27
  • Inside Access: Faulty Transmissions: How Demographics Affect Monetary Policy in Canada
Conference Call with Steve Ambler, Professor of Economics, Université du Québec and Jeremy Kronick, Senior Policy Analyst, C.D. Howe Institute
Conference Call
Tuesday, March 27, 2018, 3:30 pm to 4:00 pm
08 Feb 2018
Feb
08
  • Inside Access: Understanding the Volatility of the Canadian Exchange Rate
Conference Call with Martin Eichenbaum, Charles Moskos Professor of Economics, Co-Director, Center for International Macroeconomics, Northwestern University
Conference Call
Thursday, February 8, 2018, 3:00 pm to 3:30 pm

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© 2018 C.D. Howe Institute. All Rights Reserved.

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© 2018 C.D. Howe Institute. All Rights Reserved.