Lafleur, Louis-Robert; Engert, Walter - In: Bank of Canada Review 1996 (1996) Spring, pp. 3-11
In 1995, the broad aggregate M2+ grew at an annual rate of 4.5 per cent -- almost twice the rate recorded in 1994 -- as competition from mutual funds drew less money from personal savings deposits. An adjusted M2+ aggregate, which internalizes the effect of close substitutes such as CSBs and...