Canada
Bank of Canada Working Paper
RESEARCH - Bank of Canada Working Paper by David Andolfatto, Scott Hendry, and Kevin Moran, October 2002. Various measures indicate that inflation expectations evolve sluggishly relative to actual inflation. In addition, they often fail conventional…
Kennedy on Financial Markets and Monetary Policy
SPEECH - In the speech 'The Interaction of Financial Markets and Monetary Policy' made on 4 November, Sheryl Kennedy of the Bank of Canada said like a number of other central banks, we have a "blackout" period in the week before our announcements. No…
Bank of Canada won't tip its hand
CANADA - A deputy governor of the Bank of Canada answered its critics on Monday, telling a blue-chip crowd that it's not the central bank's job to fine-tune the markets' expectations about future interest rate moves.
Former Canada bank governor to head new watchdog
CANADA - Former Bank of Canada Governor Gordon Thiessen will head a new review panel created by Canadian regulators to monitor the auditors of public companies, the Ontario Securities Commission said Thursday.
Kennedy on the Bank of Canada in financial markets
SPEECH - In the speech 'The Bank of Canada's interest in financial markets' made on 28 October, Sheryl Kennedy said the Canadian economy has outperformed the other G7 countries over the past year but the economy is now operating fairly close to full…
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada releases its October Monetary Policy Report, 23 October.
Dodge - Opening statement to finance committee
SPEECH - Opening statement by David Dodge, Governor of the Bank of Canada, before the House of Commons Standing Committee on Finance, 23 October 2002.
Bank of Canada Monetary Policy Report
REPORT - Bank of Canada released its October 2002 Monetary Policy Report, 23 October. In the report the Bank of Canada said the Canadian economy has undergone a strong expansion with more rapid growth than all other G-7 countries over the past year…
Canada's c bank warns of spike in inflation
CANADA - The Bank of Canada said Wednesday economic growth will be lower than expected in the short term but inflation could still double the bank's target by year-end, as Canada continues to be pulled in opposite directions by uncertain global markets…
Dodge on the search for higher productivity
SPEECH - In the speech 'The Search for Higher Productivity' made on 17 October, David Dodge of the Bank of Canada said too much focus is placed on our day-to-day concerns with the global uncertainty. Over the long haul, the key to growing incomes and…
Bank of Canada's Dodge softens rate hike stance
CANADA - David Dodge, the Bank of Canada governor, said yesterday economic growth would likely ease over the next three quarters so interest rates need not be raised as quickly as previously thought.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 3/4 per cent, 16 October.
Speech by David Dodge, Bank of Canada, 5 Oct
SPEECH - In a speech on 'Dollarization and North American Integration', Dodge discusses the benefits and costs of a floating exchange rate versus dollarization, given the current conditions, and the implications for the floating exchange rate should the…
Bank of Canada research on monetary shocks
RESEARCH - This paper studies the persistent effects of monetary shocks on output. The paper constructs and estimates a general-equilibrium model with price rigidities, habit formation, and costly capital adjustment. Econometric results indicate that…
Speech by Charles Freedman, Bank of Canada, 2 Oct
SPEECH - In the speech titled 'The Role of Inflation Targets in the Canadian Economy' Freedman said that a monetary policy framework based on an explicit target for inflation has helped the Canadian economy to weather shocks, and will continue to do so…
Bank of Canada warns on inflation rate
CANADA - The Bank of Canada said yesterday inflation would remain higher than expected until the middle of 2003 but analysts said it was still too close to call whether the bank will raise interest rates at its next policy announcement on 16 October.
Speech by David Dodge of Bank of Canada, 18 Sep
SPEECH - In a speech titled 'Canada's Economic Performance After an Eventful Year' Dodge predicted further economic expansion and reiterated that the bank is ready to raise interest rates as needed to dampen inflation. He said the domestic economy has…
Bank of Canada Press Release
PRESS RELEASE - Governor Credits Sound Economic Framework for Canada's Strong Performance, 18 September.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Announces Economic Research Fellowship Program, 18 September.
Canada's Dodge leans toward rate hike
CANADA - David Dodge, the governor of the Bank of Canada, indicated Thursday that external factors would guide the central bank's short-term monetary policy, but the bank's preference would be to raise interest rates to slow down the domestic economy.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 3/4 per cent, 4 September.
Speech by David Dodge of Bank of Canada, 31 Aug
SPEECH - In the speech titled 'Macroeconomic Stabilization Policy in Canada' Dodge said that clear monetary and fiscal objectives, combined with clear accountability for meeting those objectives, provide the background for policy co-operation and…
Bank of Canada Review, Summer 2002
REPORT - The Bank of Canada Review is a quarterly publication that contains four economic commentary and feature articles. The Bank issued its Summer 2002 Review on 13 August.
It's time to create the 'amero'
ARTICLE - In an article in the Canadian National Post on Friday Herbert Grubel introduces the idea of the 'amero' a single currency between Canada the USA and possibly Mexico along the same lines as the euro. He also tries to unravel some apparent…