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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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Interest Rates


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...

 One Percent? For Real? Insights from Modern Growth Theory about Future Investment Returns
October 7, 2015 - Craig Alexander and Steve Ambler

Pension fund savers face a future of lower investment returns, states a new report from the C.D. Howe Institute. In “One Percent? For Real? Insights from Modern Growth Theory about Future...

Improving on the CPI: A Proposal for a Better Inflation Indicator
August 12, 2015 - Aaron Jacobs and Finn Poschmann

The Bank of Canada should track inflation using a measure that better accounts for changes in resale housing prices, according to a new C.D. Howe Institute report. In “Improving on the CPI: A...

Money Still Matters: How the Bank of Canada Might Better Monitor Inflation
August 13, 2014 - Mati Dubrovinsky

The Bank of Canada (BoC) should carefully monitor the money supply to better predict inflation and track the effectiveness of its monetary policy, according to a new C.D. Howe Institute report. In...

What Now? Addressing the Burden of Canada's Slow-Growth Recovery
July 29, 2014 - Christopher Ragan

The Canadian economy continues to face serious macroeconomic challenges, the most important of which is addressing the burden of a slow-growth recovery, according to a report from the C.D. Howe...

The New "Normal" for Interest Rates in Canada: The Implications of Long-Term Shifts in Global Saving and Investment
May 29, 2013 - Paul Beaudry and Philippe Bergevin

How far and how fast Canada’s record-low interest rates will rise in the coming years is a vital question for consumers and businesses. In “The New “Normal” for Interest Rates in Canada: The...

Bank of Canada bets on growth with interest rate hike: Globe and Mail Op-Ed
Canadian monetary policy has just seen one of its most significant U-turns in recent years. On May 24, the Bank of Canada announced that it was holding its overnight rate steady. The tone of the...
Bank of Canada Should Hold Overnight Rate at 0.50 Percent Next Week; Hike to 1.25 Percent by July 2018: C.D. Howe Institute Monetary Policy Council
Council Report
July 6, 2017
July 6, 2017 — In a tight vote, the C.D. Howe Institute’s Monetary Policy Council (MPC) called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it...
Why the Bank of Canada needs to prepare Canadians for rate hikes: Globe and Mail Op-Ed
We have been stuck in a low-interest period for almost a decade now, and with that apparent inertia comes the challenge of knowing when to start reversing course. Last Wednesday’s interest rate...
Un pour cent? Vraiment? Ce que la théorie économique moderne laisse présager quant au rendement futur des investissements
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?...

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© 2014 C.D. Howe Institute. All Rights Reserved.

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© 2014 C.D. Howe Institute. All Rights Reserved.