Home Page Election 2019 News Opinion Foreign Policy Politics Policy Legislation Lobbying Hill Life & People Hill Climbers Heard On The Hill Calendar Archives Classifieds
Hill Times Events Inside Ottawa Directory Hill Times Store Hill Times Careers The Wire Report The Lobby Monitor Parliament Now
Subscribe Free Trial Reuse & Permissions Advertising FAQ
Log In
Opinion

What should be a new mandate for the Bank of Canada during the coming decade of the 21st century?

By Marc Lavoie and Mario Seccareccia      

After three decades, we believe that it is now time that the federal government modernize its central bank mandate by dropping its IT façade and follow the route of the U.S. Fed in committing itself to a dual mandate, just as the New Zealand government decided in 2018.

Bank of Canada Governor Tiff Macklem, pictured May 1, 2020, in Ottawa. With central banks in many countries rethinking their mandate, Marc Lavoie and Mario Seccareccia argue that it is time for the Bank of Canada to follow suit and adopt a dual mandate by putting full employment as one of its policy objectives. The Hill Times photograph by Andrew Meade

With central banks in many countries rethinking their mandate, we believe it is time for the Bank of Canada to follow suit and adopt a dual mandate by putting full employment as one of its policy objectives.

Politics This Morning

Get the latest news from The Hill Times

Politics This Morning


Your email has been added. An email has been sent to your address, please click the link inside of it to confirm your subscription.

Liberal MP Lamoureux continues prolific speaking record, raising opposition ire

‘I’m living the dream,’ says Liberal MP Kevin Lamoureux of his regular House of Commons presence. With more than 550 House interventions so far this Parliament, he’s second only to the Speaker.

‘It’s an ongoing battle’: Bob Rae’s push to move the needle on human rights at the UN

News|By Neil Moss
'You don't stop trying to find ways of resolving differences in opinion, but I do think in this day and age you need a whole range of ways of expressing concern and trying to move opinion,' says Bob Rae.

In parliamentary ‘game of chicken,’ NDP side with Liberals to defeat Conservative motion, averting snap election

News|By Beatrice Paez
The nail-biter 146-180 vote came down in large part to the NDP. Its 24 representatives voted alongside the Liberals and the Greens’ three-member caucus in defeating a Conservative motion.

Feds misled House Defence Committee in 2019 on status of peacekeeping pledges

News|By Neil Moss
'It's a bald-faced lie if they actually said they did and didn't,' says Conservative Defence Committee vice-chair James Bezan of the non-registration of the promised 200-member Quick Reaction Force.

Infrastructure bank’s $10-billion growth plan raises hope of green bond push in Canada

Green bonds are fixed-income financial instruments usually used to secure funding for sustainable infrastructure projects.

Violence directed at Indigenous fishers in Nova Scotia leaves ‘black eye’ on Canada, says Mi’kmaq Senator, as he and rookie Mi’kmaq Grit MP urge long-term solution

News|By Palak Mangat
'I think the current route is a dead end, so if they continue to bang their heads against a wall, everyone’s going to get a headache,' says Independent Nova Scotia Senator Dan Christmas.

House vote looms over Conservative motion that could trigger federal election, as Liberals double down

News|By Palak Mangat
Government House Leader Pablo Rodriguez dodged questions if the government was responsible for setting the stage for a stand-off that could trigger an election, saying the question should be asked of the Conservatives.

‘Six systemic crises’ confronting Canada, and politicians, policy-makers, health-care professionals need ‘systems thinking’ to tackle them, says public policy expert

News|By Mike Lapointe
Global Brief magazine editor Irvin Studin says politicians and policy-makers' thinking is 'too small, it’s too linear, it’s too path dependent, and it looks increasingly absurd as these systemic crises.'

Canada needs a new ‘fiscal anchor’ and Freeland needs to share financial plans, says PBO Giroux

Parliamentary Budget Officer Yves Giroux says he's found it 'much more difficult to get information out of the minister’s officer' since Parliament returned with Chrystia Freeland in charge of the nation's finances.
Your group subscription includes premium access to Politics This Morning briefing.