Posts

• January 27, 2004

  2003 Market Consultations on Real Return Bonds

  The Government of Canada actively seeks input from participants on an ongoing basis on the performance of and potential adjustments to federal debt programs.
• January 23, 2004

  Bank of Canada Review - Winter 2003-2004

  

  Cover page

  Brass Cash Register, 1910

  The register is part of the National Currency Collection, Bank of Canada.

  Photographed by Gord Carter, Ottawa.

  Content Type(s): Publications, Bank of Canada Review
• January 22, 2004

  Monetary Policy Report Update – January 2004

  Since the October Monetary Policy Report, three developments have led the Bank of Canada to modify its outlook for economic growth and inflation in Canada.

  Content Type(s): Publications, Monetary Policy Report
• January 22, 2004

  Bank of Canada releases Monetary Policy Report Update

  Media Relations

  The Bank of Canada today released its Update to the October Monetary Policy Report. This report discusses economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• January 22, 2004

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  Three developments have led us to modify our outlook for economic growth and inflation in Canada, since our October Monetary Policy Report. These include: stronger-than-expected world economic activity, the continued sharp depreciation of the U.S. dollar against major world currencies (including the Canadian dollar), and a somewhat larger output gap in Canada at the end of 2003.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 20, 2004

  Bank of Canada lowers target for the overnight rate by 1/4 percentage point to 2 1/2 per cent

  Media Relations Ottawa, Ontario

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

  Content Type(s): Press, Press releases
• January 16, 2004

  Bank of Canada Announces Adviser Appointment

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Pierre Godin to the position of adviser. The appointment is for an 18-month period; Mr. Godin will be joining the Bank in mid-March.

  Content Type(s): Press, Press releases
• January 15, 2004

  Canada's new $100 bank note to be unveiled on 28 January 2004

  Ginette Crew Ottawa, Ontario

  Canada’s new $100 bank note will be unveiled on Wednesday, 28 January 2004, in Halifax. The first high denomination note in the Canadian Journey series will be unveiled by the Honourable John Efford, Minister of Natural Resources Canada, and David Dodge, Governor of the Bank of Canada.

  Content Type(s): Press, Press releases

• Exact Tests of Equal Forecast Accuracy with an Application to the Term Structure of Interest Rates

  Staff Working Paper 2004-2 Richard Luger

  The author proposes a class of exact tests of the null hypothesis of exchangeable forecast errors and, hence, of the hypothesis of no difference in the unconditional accuracy of two competing forecasts.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods JEL Code(s): C, C1, C12, C2, C22, C5, C52, C53

• The Effect of Adjustment Costs and Organizational Change on Productivity in Canada: Evidence from Aggregate Data

  Staff Working Paper 2004-1 Danny Leung

  A basic neoclassical model of production is often used to assess the contribution of investment to output growth. In the model, investment raises the capital stock and output growth increases in proportion to the growth in capital.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Productivity JEL Code(s): O, O3, O31, O4, O49