November 9, 2000
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November 9, 2000
Release of the Monetary Policy Report
This morning we released our latest Monetary Policy Report. In the six months since the May Report, our economy has outperformed expectations, spurred by strong domestic and foreign demand for Canadian products. We now expect that growth will average 5 per cent in 2000 and 3 to 4 per cent in 2001. Despite this stronger-than-anticipated […] -
November 9, 2000
Bank of Canada releases semi-annual Monetary Policy Report
The Bank of Canada today released its twelfth semi-annual Monetary Policy Report in which it discusses economic and financial trends in the context of Canada’s inflation-control strategy. The Monetary Policy Report is published every May and November. -
Une analyse empirique du lien entre la productivité et le taux de change réel Canada-É-U
The relative productivity gap between Canada and the United States is a controversial subject matter. One argument especially contentious in this debate stems from the belief that the gradual depreciation of the Canadian dollar over the last 20 years has been one of the determinants of the productivity gap. -
Steps in Applying Extreme Value Theory to Finance: A Review
Extreme value theory (EVT) has been applied in fields such as hydrology and insurance. It is a tool used to consider probabilities associated with extreme and thus rare events. EVT is useful in modelling the impact of crashes or situations of extreme stress on investor portfolios. -
November 1, 2000
Revisiting the Case for Flexible Exchange Rates
Proceedings of a conference held by the Bank of Canada, November 2000 (proceedings volume, available in electronic format only) -
October 30, 2000
Bank of Canada releases dates for announcing Bank Rate actions
The Bank of Canada today made public the dates through the year 2001 on which it will announce any changes to the official interest rate it uses to implement monetary policy. Last month the Bank outlined its plan to adopt a new system of pre-set or "fixed" dates for announcing changes to the Bank Rate, […] -
October 17, 2000
Can a Bank Change? The Evolution of Monetary Policy at the Bank of Canada 1935–2000
Over this period, there has been a fundamental transformation in the way monetary policy is conducted in Canada and in most other industrial countries. While globalization and technological change have played an important role in this area, as in so many others, they have not, to my mind, been the principal driving force behind this transformation. Far more important has been the interaction of experience and economic theory. -
Le modèle USM d'analyse et de projection de l'économie américaine
In this study, the author presents a new forecast and analysis model for the U.S. economy (i.e., the USM model) constructed at the Bank of Canada. The USM has a number of advantages over its predecessor, the VSM model. -
September 26, 2000
Bank of Canada to issue new bank notes
The Bank of Canada will issue a new series of bank notes beginning in January 2001 to further enhance the security of Canada's currency.