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  • Articles and reports: 11F0027M2006043
    Geography: Canada
    Description: The paper examines the pricing behaviour of 81 Canadian manufacturing industries from 1974 to 1996. It explores the domestic and foreign factors that affect price formation in Canada and the circumstances in which Canadian prices respond to foreign (U.S.) influences (the law of one price), as opposed to domestic factors (i.e., labour, energy costs and productivity growth). It finds that: (1) Canadian manufacturing prices are, on average, set using a mixture of a cost mark-up pricing rule and the law-of-one-price rule: both domestic factors (such as input prices and productivity) and foreign factors (such as competing U.S. prices) exert important influences on Canadian prices; (2) Canadian prices are more sensitive to U.S. prices if the industry faces higher import competition and if home and foreign products are less differentiated. Compared to prices of domestic products, prices of imported foreign products are more responsive to foreign prices. However, the price of imports also responds to Canadian prices; though this pricing-to-market phenomenon is reduced as imports increase in importance; (3) Industry differences exist. Domestic prices respond more to productivity changes in industries where competition is more intense and where products are more homogeneous. Imports respond more to domestic factors when they account for a smaller share of the domestic market; (4) As the pressure from foreign markets increases, in a period of an appreciating Canadian dollar, changes in prices are influenced more by fluctuations in foreign prices. In comparison, when the pressure from foreign markets decreases, in a period of a depreciating Canadian dollar, changes in Canadian prices are more responsive to input cost changes at home. Disequilibria that were generated by previous shocks are overcome more quickly during periods when the exchange rate appreciated.
    Release date: 2006-11-08

  • Articles and reports: 11-621-M2006047
    Geography: Canada
    Description:

    This study analyzes trends in crude oil prices, production and exports . Canada's imports of crude petroleum, which feed refineries in Eastern Canada are also analyzed.

    Release date: 2006-09-11

  • Articles and reports: 21-004-X20060029210
    Geography: Canada
    Description:

    A brief overview of some agricultural events of 2005 with the goal to put into perpective this complex and changing Canadian agricultural industry - from farm gate consumer.

    Release date: 2006-06-05

  • Articles and reports: 11-621-M2006042
    Geography: Canada, Province or territory
    Description:

    This survey analyzes the highlights of consumer prices in 2005 focusing on the various components of the Consumer Price Index such as energy, services and durable goods, This study also looks at the provincial dimension and compares Canadian prices to other countries.

    Release date: 2006-05-17

  • Articles and reports: 62F0014M2005018
    Geography: Canada
    Description: Since the early 1990s, increased attention has been focused on the possibility that the rate of inflation may be being overstated as a result of measurement biases in the estimation of the Consumer Price Index (CPI). One source of this possible error is caused by outlet substitution bias. This type of distortion can result when consumers shift their patronage from one retail outlet to another. As superstores and warehouse type stores continue to open and capture a larger share of the market, the existing CPI sample could become increasingly unrepresentative. If the prices are lower at the new outlets and this decrease in costs is not accurately captured in the CPI, the index will exhibit an upward bias.
    Release date: 2006-05-10

  • Articles and reports: 11-010-X20060049178
    Geography: Canada
    Description:

    Canada has reverted to its more traditional orientation over the last three years, as prophecies of a new, tech-driven economy have not been realized. Surging demand and prices for energy and mining products was the dominant theme of the year. All regions benefited from these changes.

    Release date: 2006-04-13
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  • Articles and reports: 11F0027M2006043
    Geography: Canada
    Description: The paper examines the pricing behaviour of 81 Canadian manufacturing industries from 1974 to 1996. It explores the domestic and foreign factors that affect price formation in Canada and the circumstances in which Canadian prices respond to foreign (U.S.) influences (the law of one price), as opposed to domestic factors (i.e., labour, energy costs and productivity growth). It finds that: (1) Canadian manufacturing prices are, on average, set using a mixture of a cost mark-up pricing rule and the law-of-one-price rule: both domestic factors (such as input prices and productivity) and foreign factors (such as competing U.S. prices) exert important influences on Canadian prices; (2) Canadian prices are more sensitive to U.S. prices if the industry faces higher import competition and if home and foreign products are less differentiated. Compared to prices of domestic products, prices of imported foreign products are more responsive to foreign prices. However, the price of imports also responds to Canadian prices; though this pricing-to-market phenomenon is reduced as imports increase in importance; (3) Industry differences exist. Domestic prices respond more to productivity changes in industries where competition is more intense and where products are more homogeneous. Imports respond more to domestic factors when they account for a smaller share of the domestic market; (4) As the pressure from foreign markets increases, in a period of an appreciating Canadian dollar, changes in prices are influenced more by fluctuations in foreign prices. In comparison, when the pressure from foreign markets decreases, in a period of a depreciating Canadian dollar, changes in Canadian prices are more responsive to input cost changes at home. Disequilibria that were generated by previous shocks are overcome more quickly during periods when the exchange rate appreciated.
    Release date: 2006-11-08

  • Articles and reports: 11-621-M2006047
    Geography: Canada
    Description:

    This study analyzes trends in crude oil prices, production and exports . Canada's imports of crude petroleum, which feed refineries in Eastern Canada are also analyzed.

    Release date: 2006-09-11

  • Articles and reports: 21-004-X20060029210
    Geography: Canada
    Description:

    A brief overview of some agricultural events of 2005 with the goal to put into perpective this complex and changing Canadian agricultural industry - from farm gate consumer.

    Release date: 2006-06-05

  • Articles and reports: 11-621-M2006042
    Geography: Canada, Province or territory
    Description:

    This survey analyzes the highlights of consumer prices in 2005 focusing on the various components of the Consumer Price Index such as energy, services and durable goods, This study also looks at the provincial dimension and compares Canadian prices to other countries.

    Release date: 2006-05-17

  • Articles and reports: 62F0014M2005018
    Geography: Canada
    Description: Since the early 1990s, increased attention has been focused on the possibility that the rate of inflation may be being overstated as a result of measurement biases in the estimation of the Consumer Price Index (CPI). One source of this possible error is caused by outlet substitution bias. This type of distortion can result when consumers shift their patronage from one retail outlet to another. As superstores and warehouse type stores continue to open and capture a larger share of the market, the existing CPI sample could become increasingly unrepresentative. If the prices are lower at the new outlets and this decrease in costs is not accurately captured in the CPI, the index will exhibit an upward bias.
    Release date: 2006-05-10

  • Articles and reports: 11-010-X20060049178
    Geography: Canada
    Description:

    Canada has reverted to its more traditional orientation over the last three years, as prophecies of a new, tech-driven economy have not been realized. Surging demand and prices for energy and mining products was the dominant theme of the year. All regions benefited from these changes.

    Release date: 2006-04-13
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