October 28, 2005
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October 28, 2005
Debt Strategy 2006/07 Consultation Document
The Department of Finance, in conjunction with the Bank of Canada, is seeking views of government securities distributors, institutional investors, and other interested parties on adjustments to the Government of Canada bond program for fiscal year 2006/07 and beyond. -
October 27, 2005
Modifications to the Terms of Participation and the Standard Terms for Government of Canada Auctions
The revised Terms of Participation and the Standard Terms for Government of Canada Auctions, prepared jointly by the Department of Finance and the Bank of Canada on behalf of the Government of Canada, are being published today. -
October 26, 2005
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
When Paul and I appeared before this Committee last April, we said that the economy appeared to be operating slightly below its production capacity, and that we expected it to move back to full capacity in the second half of 2006. In our October Monetary Policy Report, which we published last Thursday, we said that economic growth in the first half of the year was somewhat stronger than we had previously expected. Indeed, the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity. -
October 25, 2005
RCMP management retreat
It's not surprising that the Bank of Canada is interested in promoting economic integrity. After all, the Bank of Canada Act mandates us, as far as possible within the scope of monetary policy action, to "promote the economic and financial welfare of Canada." -
October 25, 2005
Opening Statement before the House of Commons Standing Committee on Finance
Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy. Given these adjustments and the slow growth of productivity in recent years, the Bank has slightly reduced its estimate of potential output growth for 2005 and 2006. -
October 25, 2005
Exports, Imports, and the Appreciation of the Canadian Dollar
An objective assessment of the effects of the appreciation of the Canadian dollar in 2003 and 2004 on exports and imports requires a detailed review of the numerous other factors which may have been at play. Dion, Laurence, and Zheng discuss the influences that have affected Canada's international trade over the past two years, including exchange rate movements, global and sector-specific shocks, constraints on the domestic supply of a few products, and competition from emerging economies, most notably, China. The analysis is complemented with econometric models developed at the Bank which provide statistically valid estimates of the contribution of the Canadian-dollar appreciation to the recent developments in exports and imports. -
October 25, 2005
Bank of Canada Review - Autumn 2005
Cover page
Ready References
The book is part of the National Currency Collection, Bank of Canada.
Photography by Gord Carter, Ottawa. -
October 24, 2005
Bank of Canada Statement on the Nomination of Dr. Ben S. Bernanke as Chairman of the Federal Reserve Board of the United States
The Bank of Canada has been honoured to work with Chairman Alan Greenspan for the past 18 years, and we wish him every success in his future endeavours. -
October 22, 2005
How the Appreciation of the Canadian Dollar Has Affected Canadian Firms: Evidence from the Bank of Canada Business Outlook Survey
To track how firms were affected by the appreciation of the Canadian dollar in 2003 and 2004 and the steps they took in response, the Bank included supplementary questions in the quarterly Business Outlook Survey conducted by its regional offices. About half of the firms surveyed reported being adversely affected, one-quarter experienced a favourable impact, and the remainder reported no effect. Jean Mair classifies and summarizes the firms' responses, identifying the sectors that were most and least affected. Causes of the impacts are identified, as well as the actions firms took as a result of the appreciation. The article looks at these actions over time to see what they tell us about firms' adjustment process.