Canada's international competitiveness has received increasing attention in recent years as exports have fallen short … of expectations and Canada has lost market share. This paper asks whether the Bank of Canada's current effective exchange … rate measure, the CERI, is still an accurate measure of Canada's international competitiveness. Overall, while the CERI …

relative to the current equation used at the Bank of Canada. First, we develop two new foreign activity measures (FAMs), which … add new components to the FAM currently used at the Bank of Canada. The first measure adds US exports and US government …, we add a new variable to the equations, the trend of Canada's manufacturing share of output, to control for structural or …

Bank of Canada fs current measure of foreign demand has created an impetus to search for an alternative. Based on a dynamic … variables not only from the United States but also for all of Canada's major trading partners. We apply this approach to total …

Kingdom, euro area, Japan and Canada versus the United States. A new identification strategy is proposed building on sign …