portrayed as credible and authoritative economic arbiter
The article elevates the C.D. Howe Institute's Business Cycle Council as the traditional arbiter of recessions in Canada, using definitive language and highlighting its methodological rigor, while noting its divergence from common rule-of-thumb definitions. This strengthens its image as a trustworthy, expert body.
“The C.D. Howe Institute's Business Cycle Council is traditionally viewed as the arbiter for calling a recession in Canada.”