Opinion poll announcements during the 1995 Quebec referendum campaign that increased the likelihood of Quebec sovereignty substantially increased the spread on Quebec bond yields over both Canada and Ontario bond yields. Announcements that increased the likelihood of Quebec sovereignty also...

The concept of cointegration and the associated error-correction representation of a dynamic process (see R. F. Engle and C. W. G. Granger, 1987) is applied to the purchasing power parity relationship between Canada and the United States. The results are supportive of purchasing power parity as...