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1406 result(s)

September 15, 2008

The Effects of Recent Relative Price Movements on the Canadian Economy

Bank of Canada Review - Autumn 2008 David Dupuis, Philippe Marcil

Although the standard of living of Canadians has improved as a result of terms-of-trade gains created by the sharp rise in real commodity prices over the past five years or so, the commodity-price increase, combined with an exchange rate appreciation and real income gain, triggered structural adjustments by altering underlying economic incentives. The frictions generated in adjusting to the relative price shock have likely contributed to hold back aggregate productivity growth. Dupuis and Marcil examine the structural adjustments that have been required-in particular, the resource reallocation among the different sectors of the economy-and its effects on employment, output, and productivity, as well as the responses of final domestic demand and external trade flows.

Content Type(s): Publications, Bank of Canada Review articles Topic(s): Productivity, Recent economic and financial developments

September 15, 2008

The Bank of Canada's Senior Loan Officer Survey

Bank of Canada Review - Autumn 2008 Umar Faruqui, Paul Gilbert, Wendy Kei

The Bank of Canada maintains regular contact with financial institutions as part of the information-gathering process that feeds into the larger set of information used to arrive at its monetary policy decision. Since 1999, the Bank has been conducting a quarterly survey of the business-lending practices of major Canadian financial institutions. Analysis of the information collected shows that it is correlated with future growth in both credit and business investment. This article focuses on how the survey is conducted and describes the construction of the summary statistics, highlighting the key statistical relationships in the historical survey data.

Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions, Monetary and financial indicators, Recent economic and financial developments

September 11, 2008

Bank of Canada Review - Autumn 2008

Cover page

Leonard C. Wyon: Canada’s Victorian Engraver

Photography by Gord Carter

Content Type(s): Publications, Bank of Canada Review

July 17, 2008

Monetary Policy Report Update – July 2008

Three major developments are affecting the Canadian economy: the protracted weakness in the U.S. economy; ongoing turbulence in global financial markets; and sharp increases in the prices of certain commodities — particularly energy. The first two developments are evolving roughly in line with expectations outlined in the April Monetary Policy Report.

Content Type(s): Publications, Monetary Policy Report

July 7, 2008

Business Outlook Survey - Summer 2008

Despite the recent slowdown in real economic growth in Canada, the results of the summer survey do not suggest widespread weakness across Canadian firms. Firms have, however, become increasingly concerned about pressures on input costs and inflation.

Content Type(s): Publications, Business Outlook Survey

June 21, 2008