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Factors Affecting Regional Economic Performance in Canada

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    Abstract

    This article examines three shocks that affected Canada's economy over the past year from a regional perspective. The downturn in the U.S. economy, high energy prices, and low lumber prices affected Canada's regions to varying degrees. The relative size of the various economic sectors in each region is important in determining the intensity of a region's response to an economic shock. The article presents some stylized facts on the sectoral mix of each region followed by an analysis of the effects of the three shocks on the regional economies. An outlook is presented, which highlights the results of the survey by the Bank's regional offices in the summer of 2001.

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    File URL: http://www.bankofcanada.ca/wp-content/uploads/2010/06/bradye.pdf
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    Bibliographic Info

    Article provided by Bank of Canada in its journal Bank of Canada Review.

    Volume (Year): 2001 (2001)
    Issue (Month): Autumn ()
    Pages: 21-29

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    Handle: RePEc:bca:bcarev:v:2001:y:2001:i:autumn01:p:21-29

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    Cited by:
    1. Monica Martin & Cristiano Papile, 2004. "The Bank of Canada's Business Outlook Survey: An Assessment," Working Papers 04-15, Bank of Canada.
    2. Todd Potts & David Yerger, 2010. "Variations Across Canadian Regions in the Sensitivity to U.S. Monetary Policy," Atlantic Economic Journal, International Atlantic Economic Society, vol. 38(4), pages 443-454, December.

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