July 30, 2013
Staff research, Publications
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Is There a Quality Bias in the Canadian CPI? Evidence from Micro Data
Rising consumer prices may reflect shifts by consumers to new higher-priced products, mostly for durable and semi-durable goods. I apply Bils’ (2009) methodology to newly available Canadian consumer price data for non-shelter goods and services to estimate how price increases can be divided between quality growth and price inflation. -
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A Blessing in Disguise: The Implications of High Global Oil Prices for the North American Market
We examine the implications of increased unconventional crude oil production in North America. This production increase has been made possible by the existence of alternative oil-recovery technologies and persistently elevated oil prices that make these technologies commercially viable. -
July 17, 2013
Monetary Policy Report – July 2013
Following growth of 1.7 per cent in 2012, the Canadian economy is expected to grow by 1.8 per cent in 2013 and 2.7 percent in 2014 and 2015, and to reach full capacity in mid-2015, as anticipated in the April Report. -
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July 8, 2013
Senior Loan Officer Survey - Second-Quarter 2013
The survey, conducted between 10 and 14 June, pointed to a continued easing in overall business-lending conditions during the second quarter of 2013. -
July 8, 2013
Business Outlook Survey - Summer 2013
Responses to the summer survey provide further indications that uncertainty regarding the nature and timing of a notable improvement in growth prospects is bearing on firms’ expectations and investment decisions.