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8966 Results

February 17, 2000

Bank of Canada Announces Appointments in Toronto and Montréal

To add to its presence in financial markets, the Bank of Canada has announced appointments to two new senior positions. Appointed are H. Ross MacKinnon as Director, Toronto Division and Jean-Pierre Aubry as Director, Montréal Division, both in the Financial Markets Department. In their new positions, Mr. MacKinnon and Mr. Aubry will contribute to the […]
Content Type(s): Press, Press releases
February 16, 2000

Release of the Monetary Policy Report Update

Opening statement Gordon Thiessen
This morning, we released our update to the November 1999 Monetary Policy Report. It gives the Governing Council's latest outlook for the economy and for inflation. Information received since November confirms that our economy performed well last year - expanding by close to 4 per cent between the fourth quarter of 1998 and the fourth […]

Estimating the Fractional Order of Integration of Interest Rates Using a Wavelet OLS Estimator

Staff Working Paper 2000-5 Greg Tkacz
The debate on the order of integration of interest rates has long focused on the I(1) versus I(0) distinction. In this paper, we use instead the wavelet OLS estimator of Jensen (1999) to estimate the fractional integration parameters of several interest rates for the United States and Canada from 1948 to 1999.

Quelques résultats empiriques relatifs à l'évolution du taux de change Canada/États-Unis

Staff Working Paper 2000-4 Ramdane Djoudad, David Tessier
This paper explores the extent to which factors other than commodity and energy prices may have contributed to the Canadian dollar's depreciation since the early 1970s. The variables considered include among others budgetary conditions and productivity.
Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates JEL Code(s): F, F3, F31

Long-Term Determinants of the Personal Savings Rate: Literature Review and Some Empirical Results for Canada

Staff Working Paper 2000-3 Gilles Bérubé, Denise Côté
This paper examines the structural determinants of the personal savings rate in Canada over the last 30 years, using cointegration techniques. The main finding is that the real interest rate, expected inflation, the ratio of the all-government fiscal balances to nominal GDP, and the ratio of household net worth to personal disposable income are the most […]
Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components JEL Code(s): C, C2, C22, E, E2, E21
January 29, 2000

Annual Report 1999

The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards.
Content Type(s): Publications, Annual Report
January 27, 2000

Bank of Canada Governor speaks to the Metropolitan Halifax Chamber of Commerce

There has been a dramatic move among major central banks over the past decade towards greater transparency in monetary policy, Bank of Canada Governor Gordon Thiessen told the Metropolitan Halifax Chamber of Commerce in a speech today. This process has been driven not only by the general trend to greater accountability on the part of […]
Content Type(s): Press, Press releases
January 27, 2000

Accountability and Transparency in Canada's Monetary Policy

Remarks Gordon Thiessen Metropolitan Halifax Chamber of Commerce Halifax, Nova Scotia
Public sector institutions have been undergoing significant changes over the past decade. One of the most important changes has been the move to greater accountability. Public institutions are now required to be more open and to provide more information about their operations. Or, to use the word currently in vogue, to be more “transparent.”
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