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Recent Developments in Global Commodity Prices: Implications for Canada

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The authors examine the recent evolution of commodity prices. They discuss the factors behind the price declines that occurred between the summer of 1997 and the end of 1998, including the key supply factors and the drop in Asian demand caused by that region's concurrent financial and economic crisis. They then review the effects of the reduction in world commodity prices on economic activity in Canada. They point out that the depreciation of the Canadian dollar against the U.S.dollar, together with the continued strength of the U.S.economy, has partly offset the negative effects on Canadian aggregate demand.

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  • Farid Novin & Gerald Stuber, 1999. "Recent Developments in Global Commodity Prices: Implications for Canada," Bank of Canada Review, Bank of Canada, vol. 1999(Summer), pages 37-45.
    • Handle: RePEc:bca:bcarev:v:20:y:1999:i:summer99:p:37-45
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    Cited by:

    1. Trevor Campbell, 2007. "Is Long-Term Private Foreign Investment for Barbados Likely to Improve without Capital Controls," Money Affairs, CEMLA, vol. 0(2), pages 97-109, July-Dece.
    2. Jorge E. Galán Camacho & Miguel Sarmiento Paipilla, 2007. "Staff, Functions, and Staff Costs at Central Banks: an International Comparison with a Labor- Demand Model," Money Affairs, CEMLA, vol. 0(2), pages 131-179, July-Dece.
    3. Shaun K. Roache, 2007. "Public Investment and Growth in the Eastern Caribbean," Money Affairs, CEMLA, vol. 0(2), pages 111-129, July-Dece.
    4. Calista Cheung & Sylvie Morin, 2007. "The Impact of Emerging Asia on Commodity Prices," Money Affairs, CEMLA, vol. 0(2), pages 181-224, July-Dece.
    5. Kevin Clinton, 2001. "On Commodity-Sensitive Currencies and Inflation Targeting," Staff Working Papers 01-3, Bank of Canada.

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