January 9th, 2025 | In an article from the Financial Post, Christopher Ragan shared his insights on Canada鈥檚 economic challenges at an online discussion hosted by the Global Risk Institute. He explained that while the Bank of Canada might cut interest rates to try and stimulate the economy, it may not have much effect, especially if U.S. President Donald Trump鈥檚 proposed tariffs are imposed. Ragan pointed out that lowering rates might not encourage investment if tariffs disrupt trade.
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Published on: 14 Jan 2025
June 30, 2024 |听The digital brigade, powered by e-transfers, PayPal and Apple Pay, has gained unprecedented momentum. This is leading towards a cashless society, as听Canadians tend to embrace electronic methods of payments. However, cash holds many significance in the social and economic realm. featured one of our MPP alum, Aftab Ahmed for their news article about the harm of leaping towards the cashless Canadian economy.听
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Published on: 3 Jul 2024
September 12, 2022 | On Government Analytics' The Monthly podcast with host Peter Kent, director Chris Ragan spoke about rebuilding the Canadian economy in the post-Covid era.听At the recent Jackson Hole economic policy听,听Jerome Powell, the head of the US central bank, spent 8-minutes making it abundantly clear he鈥檚 going to get inflation under control.
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Published on: 21 Sep 2022
September 2, 2022 | In response to the possibility of the Bank of Canada raising interest rates next week, Director Christopher Ragan said the central bank is best-suited to take on the responsibility of maintaining low interest rates.
鈥淭here鈥檚 very, very good reasons why we have operationally independent central bank trying to target inflation rather than governments, because governments in the past have done a very poor job at that,鈥� he said.
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Published on: 6 Sep 2022
May 13, 2022 | In a recent debate, Conservative Party leadership candidate Pierre Poilievre pledged that鈥攊f he were to become prime minister鈥攈e would fire the governor of the Bank of Canada. Max Bell School Director Chris Ragan thinks such a promise is irresponsible and dangerous.
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Published on: 24 May 2022
Inflation hit a new three-decade high in January, heaping more pressure on the Bank of Canada to raise interest rates for the first time since the pandemic started. The consumer price index rose 5.1 per cent in January from a year earlier, accelerating from December鈥檚 pace of 4.8 per cent and marking the first time since 1991 that inflation has surpassed 5 per cent, according to Statistics Canada. It was the 10th consecutive month that inflation has exceeded the Bank of Canada鈥檚 target range of 1 per cent to 3 per cent.
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Published on: 23 Feb 2022
January 19, 2022 |听Director Chris Ragan discusses supply chain disruptions and Canada's inflation rate rising to a 30-year high on CBC News. "There's a lot of pent-up demand," Chris notes, referring to businesses and restaurants being closed over the pandemic, and many consumers not having any place to spend their income.
Chris's segment begins at 32:42.
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Published on: 20 Jan 2022
December 24, 2021 | After Director Christopher Ragan 听in the听Hub that perhaps Freeland and Macklem actually disagree about how the central bank should conduct policy听rather than they united front they presented to the public, The Regina Leader Post included his commentary in an article about the Bank of Canada's new five-year mandate.
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Published on: 5 Jan 2022
December 15, 2021 | Director听Christopher Ragan joins The Hill Times' The Hot Room podcast to explain how inflation works, whether the Trudeau government is to blame for rising prices, and the Bank of Canada's new-look plan to manage it.
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Published on: 16 Dec 2021
November 12, 2021 | Following a dialogue between The Hub and Max Bell School Director Chris Ragan, this article outlines the history of the Bank of Canada's agreement with the federal government leading up to the mandate's expiration in听January 2022.
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Published on: 15 Nov 2021
August 20, 2021 | The Bank of Canada's mandate renewal鈥攗sually a mundane and technical affair鈥攊s generating interest in the political sphere as Canadas 44th federal election gets underway. In this Globe and Mail article, Max Bell School director Chris Ragan听argues for careful consideration of all the mandate options on the table: from targeting GDP level, to adopting a dual mandate, to maintaining the status quo.听
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Published on: 26 Aug 2021
Some technologists are telling the Bank of Canada (BoC) that its wait-and-see approach when it comes to issuing digital currencies runs the risk of leaving it behind in the race to innovate globally. Although its Governor Tiff Macklem said in April that the pandemic has accelerated the digital economy and 鈥渢he case for a digital currency becomes more compelling,鈥� the central bank says it has no immediate plans to launch a digital loonie. ()
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Published on: 23 Jun 2021
March 27, 2021 | In this Globe and Mail article,听Max Bell School Director Chris Ragan weighs in on the Bank of Canada's role in听pandemic economic recovery, discussing monetary policy topics including quantitative easing and inflation risks.
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Published on: 9 Mar 2021
The proposal "Central Bank Digital Currency with Asymmetric Privacy", by Professor Christophe Dubach (ECE), and Professor Katrin Tinn (Desautels Faculty of Management) has been chosen as one of the top three proposals by the Bank of Canada for the Model X Challenge.
Published on: 16 Feb 2021
September 25, 2020听|听In this article, Kevin Carmichael proposes that, while the Bank of Canada has done an excellent job of containing inflation, it may have erred too often on the side of caution.
Click to read the article.
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Published on: 25 Sep 2020
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