The Bank of Canada should pay closer attention to the effects of money and credit growth on inflation and asset markets. The authors contend that maintaining price stability should remain the Bank’s only formal goal, but say greater attention should be paid to asset market stability. Once the...

The Bank of Canada has announced that its inflation-targeting regime, in place since 1991, is at last to get a thorough review. The Issues needing examination include whether to move to a "price stability" program, which might be both feasible and desirable.

Attempts to shore up the classic single-employer, defined-benefit pension plan are the wrong response to Canada’s occupational pension problems. While tax and regulatory changes can help, Canadians need a new approach to retirement income that will pool risks, control costs, and avoid the...

As a 2011 deadline approaches for reform or renewal of the Bank of Canada's inflation-targeting program, questions arise about how the Bank's responsibilities for ensuring the financial system's stability are exercised under such a regime. The current financial crisis underlines the urgency of...