Canada
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…
Dollarization in Canada: The Buck Stops There
RESEARCH - In a Technical Report from the Bank of Canada published August 2002, John Murray and James Powell consider the debate in Canada concerning the potential benefits of formally adopting the U.S. dollar as the national currency.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Releases Monetary Policy Report Update, 24 July.
Bank of Canada, Monetary Policy Report Update
REPORT - Bank of Canada, Monetary Policy Report Update, July 2002. The report projects economic growth for Canada in the range of 3 to 4 per cent to the end of 2003. The report also says the Bank is committed to achieving the 2 per cent target for…
Speech by David Dodge of Bank of Canada, 24 July
SPEECH - In his opening statement on the release of the Monetary Policy Report Update Dodge said that keeping inflation low and stable is the best contribution that monetary policy can make to sustained economic growth in Canada.
Canada auditors get new monitor
CANADA - Canadian securities regulators and accountants have formed a new body to address investors' lack of confidence in financial statements.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada raises overnight rate target by 1/4 percentage point to 2 3/4 per cent, 16 July.
Bank of Canada raises rates for 3rd time this year
CANADA - The Bank of Canada on Tuesday raised its overnight interest rate to 2.75 percent from 2.5 percent to keep the soaring economy in check, but sounded a cautious note about the future, saying market uncertainty and corporate developments meant the…