June 15, 2007 Interpreting Canada's Productivity Performance in the Past Decade: Lessons from Recent Research Bank of Canada Review - Summer 2007 Richard Dion Dion examines the evolution of Canadian productivity since the mid-1990s, using the United States as a benchmark. During this period, trend productivity growth in Canada remained modest, whereas the U.S. witnessed a strong resurgence. Among the factors identified as potential root causes of Canada's lower productivity performance are a lower investment in information and communications technology, reallocation and adjustment costs associated with large relative price movements, and a weak demand for innovation. Content Type(s): Publications, Bank of Canada Review articles
June 14, 2007 Efficiency and Competition in Canadian Banking Bank of Canada Review - Summer 2007 Jason Allen, Walter Engert Allen and Engert report on recent research at the Bank of Canada on various aspects of efficiency in the Canadian banking industry. This research suggests that, overall, Canadian banks appear to be relatively efficient producers of financial services and they do not exercise monopoly or collusive-oligopoly power. The authors note the value of continuing to investigate opportunities to improve efficiency and competition in financial services in Canada. Content Type(s): Publications, Bank of Canada Review articles
June 14, 2007 Bank of Canada Review - Summer 2007 Cover page Decimalization in Great Britain The Victorian florin on the cover is part of the National Currency Collection of the Bank of Canada. Content Type(s): Publications, Bank of Canada Review
June 13, 2007 Demographics, Labour Input, and Economic Potential: Implications for Monetary Policy Remarks David Dodge St. John's Board of Trade St. John's, Newfoundland and Labrador Over the years, we at the Bank of Canada have learned that the best contribution that monetary policy can make to the economic welfare of Canadians is to keep inflation low, stable, and predictable. We try to keep the annual increase in consumer price inflation at 2 per cent, which is the middle of a 1 to 3 per cent inflation-control range. Content Type(s): Press, Speeches and appearances, Remarks
June 13, 2007 Governor Dodge Discusses the Implications of Demographics on Monetary Policy Media Relations St. John's, Newfoundland and Labrador Demographic trends and the effect of Canada's aging population have begun to have an impact on the Canadian monetary policy, Bank of Canada Governor David Dodge said today. Content Type(s): Press, Press releases
June 11, 2007 Topics in Exchange Rate Modelling Conference held on 11 and 12 June 2007 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
May 29, 2007 Bank of Canada keeps target for the overnight rate at 4 1/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. Content Type(s): Press, Press releases
May 28, 2007 Demographic Changes and Policy Implications Conference held on 28 and 29 May 2007 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
May 21, 2007 Making Global Economic Institutions Work – What the World Needs Now Remarks David Dodge Chicago Council on Global Affairs Chicago, Illinois For 85 years, the Council has promoted the idea that the United States should take a leading role in addressing global challenges. And it has done so consistently through the years, even during times when isolationism was more fashionable. Content Type(s): Press, Speeches and appearances, Remarks
May 21, 2007 Governor Dodge Says Leadership Needed to Strengthen International Institutions Media Relations Chicago, Illinois The global economy could run more smoothly if G-7 countries showed the leadership that would strengthen international financial institutions, Bank of Canada Governor David Dodge said today. Content Type(s): Press, Press releases