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• Labour Market Adjustments to Exchange Rate Fluctuations: Evidence from Canadian Manufacturing Industries

  Staff Working Paper 2005-14 Danny Leung, Terence Yuen

  The authors provide some of the first empirical evidence on labour market adjustments to exchange rate movements in Canadian manufacturing industries.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Labour markets JEL Code(s): E, E2, E23, F, F4

• Efficiency and Economies of Scale of Large Canadian Banks

  Staff Working Paper 2005-13 Jason Allen, Ying Liu

  The authors measure the economies of scale of Canada's six largest banks and their costefficiency over time. Using a unique panel data set from 1983 to 2003, they estimate pooled translog cost functions and derive measures of relative efficiency and economies of scale.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions JEL Code(s): C, C3, C33, D, D2, D24, G, G2, G21
• April 20, 2005

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce

  Last Thursday, we released our April Monetary Policy Report. In the report, we said that the global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in January's Monetary Policy Report Update.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 19, 2005

  Opening Statement before the House of Commons Finance Committee

  Opening statement David Dodge House of Commons Finance Committee

  Last Thursday, we released our April Monetary Policy Report. In the report, we said that the global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in January's Monetary Policy Report Update.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 15, 2005

  How Canada is Adjusting to Global Economic Forces

  Remarks David Dodge Canadian Association of New York New York, New York

  The Bank of Canada has been examining the issue of how the Canadian economy adjusts movements in the exchange rate for a long time. Canada's economy is very open, so we always need to understand how exchange rate movements are affecting real economic activity and, in turn, what the implications are for monetary policy.

  Content Type(s): Press, Speeches and appearances, Remarks
• April 14, 2005

  Release of the Monetary Policy Report

  Opening statement David Dodge

  The Bank expects Canada's economy to grow by about 2 1/2 per cent in 2005 and 3 1/4 per cent in 2006, with growth this year and next coming primarily from strength in domestic demand. To continue to support aggregate demand, we decided to leave the target for the overnight rate unchanged at 2.5 per cent on 12 April.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 14, 2005

  Monetary Policy Report – April 2005

  

  The global economy has been unfolding largely as expected, and prospects for continued robust growth are quite favourable, especially over the near term.

  Content Type(s): Publications, Monetary Policy Report
• April 12, 2005

  Bank of Canada keeps target for the overnight rate at 2 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.

  Content Type(s): Press, Press releases
• April 4, 2005

  Business Outlook Survey - Spring 2005

  Businesses are more optimistic about the economic outlook than in the winter survey. The greater stability of the Canadian dollar in the three months since the previous survey has helped to ease concerns among exporters. Businesses continue to expect strong domestic sales.

  Content Type(s): Publications, Business Outlook Survey
• April 1, 2005

  Issues in Inflation Targeting

  Proceedings of a conference held by the Bank of Canada, April 2005 (proceedings volume, available in electronic format only)

  Content Type(s): Conferences and workshops