C.D. Howe Institute Names David Wolf to its Monetary Policy Council

    TORONTO, April 17 /CNW/ - William Robson, president and CEO of the C.D.
Howe Institute, today announced that economist David D. Wolf has joined the
Institute's prestigious Monetary Policy Council (MPC). Mr. Wolf is Vice
President, Head of Canadian Economics and Chief Strategist at Merrill Lynch
Canada Inc.
    "David Wolf is one of Canada's keenest analysts of economic conditions
and financial markets," said Mr. Robson, who is the MPC's non-voting chair.
"We are delighted that he is joining the MPC, and know his insights on
interest-rate policy, financial conditions and inflation will make a key
contribution to the group's work."
    At Merrill Lynch, Mr. Wolf is responsible for economic forecasting,
fundamental analysis, and portfolio strategy in the Canadian market. Before
joining Merrill Lynch in 2005, he spent eight years as an economist and
strategist at a large Canadian investment dealer. He is also a regular
contributor to Canadian Business magazine and appears often in TV, radio,
print and wire media. Prior to his work in the financial industry, Mr. Wolf
worked as a researcher in both academic and public policy spheres, including a
stint at the US Congressional Budget Office (National Security Division) in
Washington, DC. He holds degrees in Economics and Engineering magna cum laude
from Princeton University.
    Mr. Wolf replaces Rick Egelton, Vice President and Chief Economist at the
Canada Pension Plan Investment Board, who has been a member of the MPC since

    The MPC comprises 12 of Canada's most distinguished financial-market and
monetary economists. By convening to discuss the Bank of Canada's target for
the overnight rate - the benchmark interest rate it uses to influence monetary
conditions in Canada - shortly before each of the Bank's interest-rate
announcements, the Council provides a regular, independent assessment of the
Bank's stance as it seeks to achieve its two-percent inflation target.

    For more information on the MPC's membership and activities go to:

For further information:

For further information: William B.P. Robson, (416) 865-1904,

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