QSA's Week in Finance (#10, 2024)

Bank of Canada mandate debate; Credit card fee cuts for small businesses; Pension investment boost; New rules for pension fund investments; Secondary suite loan program expansion.

QSA's Week in Finance (#10, 2024)

Start Date: 2024-12-07
End Date: 2024-12-13

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Bank of Canada's Mandate Discussed in Senate Committee

The Senate's Standing Committee on Banking, Commerce, and the Economy discussed the Bank of Canada's mandate. Jeremy Kronick of the C.D. Howe Institute argued for maintaining the focus on inflation targeting and warned against expanding the mandate to include climate change and equality. Doug Porter from BMO Financial Group noted the Bank's effective management of inflation during the COVID-19 pandemic. Senators expressed concern over household debt and employment targets, but Porter supported the existing five-year review period. The committee also examined the Bank's communication strategies and the role of core inflation measures.

Sources: ['Transcripts: senparlvu.parl.gc.ca']