Table 2
Average annual changes in tariff rates and real exchange rates

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Average annual changes in tariff rates and real exchange rates
  1984 to 1990 1990 to 1996 2000 to 2006
  percent standard deviation percent standard deviation percent standard deviation
Nominal US/Canada exchange rate 1.4 -2.1 3.5
Real US/Canada exchange rate 1.6 1.5 -1.9 1.5 5.5 3.1
Canadian tariff against U.S. -0.4 0.3 -0.8 0.4
U.S. tariff against Canada -0.2 0.5 -0.4 0.7
Average tariff between Canada and U.S. -0.3 0.3 -0.6 0.5
Note(s):
Average annual changes are calculated as differences in the variables between the first and last years, divided by the number of years.
Source(s):
Authors' compilation from various data sources: Statistics Canada's CANSIM Table 176-0064, NBER productivity database, Statistics Canada's gross output deflator, and Trefler's (2004) tariff rates.