Staff discussion papers

• Extending the Labour Market Indicator to the Canadian Provinces

  Staff Discussion Paper 2016-2 Alexander Fritsche, Katherine Ragan

  Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada’s regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E24, E27, J, J2, J21, J23

• A New Measure of the Canadian Effective Exchange Rate

  Staff Discussion Paper 2016-1 Russell Barnett, Karyne B. Charbonneau, Guillaume Poulin-Bellisle

  Canada’s international competitiveness has received increasing attention in recent years as exports have fallen short of expectations and Canada has lost market share. This paper asks whether the Bank of Canada’s current effective exchange rate measure, the CERI, is still an accurate measure of Canada’s international competitiveness.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Exchange rates, International topics JEL Code(s): F, F1, F3, F31