Uncategorized

• February 6, 2001

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  This morning, we released our Update to last November's Monetary Policy Report. This Update was completed at the time of the Bank Rate announcement on 23 January. It presents the analysis on which we based our decision to reduce the Bank Rate by 25 basis points.

  Content Type(s): Press, Speeches and appearances, Opening statements
• February 6, 2001

  Monetary Policy Report Update – February 2001

  On 23 January, the Bank reduced the Bank Rate by one-quarter of one percentage point to 5 3/4 per cent.

  Content Type(s): Publications, Monetary Policy Report

• Exact Non-Parametric Tests for a Random Walk with Unknown Drift under Conditional Heteroscedasticity

  Staff Working Paper 2001-2 Richard Luger

  This paper proposes a class of linear signed rank statistics to test for a random walk with unknown drift in the presence of arbitrary forms of conditional heteroscedasticity.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C2, C22
• January 29, 2001

  Annual Report 2000

  

  The Canadian economy continued to expand robustly in 2000 while inflation remained low.

  Content Type(s): Publications, Annual Report
• January 23, 2001

  Bank of Canada lowers Bank Rate to 5 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering the Bank Rate by one-quarter of one percentage point to 5 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank's target for the overnight rate is reduced to 5 1/2 per cent.

  Content Type(s): Press, Press releases
• January 22, 2001

  Canada's Economic Future: What Have We Learned from the 1990s?

  Remarks Gordon Thiessen Canadian Club of Toronto Toronto, Ontario

  In early 1994, Canada's economic situation was not that favourable - our economy was facing some rather serious problems. Today, too, we face some challenges. But our overall economic and financial situation is much stronger now than it was seven years ago.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 17, 2001

  Redesigned $10 Bank Note Launched - New Note Series to Feature Canada's Culture, History and Achievements

  Media Relations Ottawa, Ontario

  The Bank of Canada launched the first in a new series of bank notes today. The themes of the notes in the new series, entitled Canadian Journey, reflect Canadians' views of their culture, history, and achievements, said Gordon Thiessen, Governor of the Bank of Canada, as he unveiled the $10 note at the Bank.

  Content Type(s): Press, Press releases

• Core Inflation

  Technical Report No. 89 Seamus Hogan, Marianne Johnson, Thérèse Laflèche

  The Bank of Canada uses core CPI inflation, the year-over-year rate of change of the consumer price index excluding food, energy, and the effects of changes in indirect taxes, as the operational guide for monetary policy.

  Content Type(s): Staff research, Technical reports Topic(s): Inflation and prices JEL Code(s): E, E3, E31
• December 31, 2000

  Summary of Government of Canada - Outstanding as at 31 December 2000

  Content Type(s): Publications, Historical: Securities and loans

• The Application of Artificial Neural Networks to Exchange Rate Forecasting: The Role of Market Microstructure Variables

  Staff Working Paper 2000-23 Nikola Gradojevic, Jing Yang

  Artificial neural networks (ANN) are employed for high-frequency Canada/U.S. dollar exchange rate forecasting. ANN outperform random walk and linear models in a number of recursive out-of- sample forecasts.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates JEL Code(s): C, C4, C45, F, F3, F31