unemployment to the change in the level of labour force in Canada. Inherently, our model belongs to the class of Phillips curve … uncorrelated noise and systematic errors. Our previous model of inflation and unemployment in Canada is enhanced by the … price inflation accompanied by a substantial fall in the rate of unemployment. Therefore, the new monetary policy in Canada …

This article examines the long run relationship between economic growth and stock prices for Canada and the United … growth and stock prices share long run equilibrium relationship for both Canada and the U.S. The results from the VECM … indicate that for the U.S., causality runs from economic growth to stock prices but not vice versa. However for Canada, the …