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The article presents commentary about a paper written by L.B. Smith and J.W.L. Winder (S&W) entitled "Price and Interest Rate Expectations and the Demand for Money in Canada," which appeared in the June, 1971 issue of the "Journal of Finance." In that paper S&W presented a regression model in an effort to determine how the demand for real money balances is affected by expectations for interest rates. The author of the current paper presents analysis that offers a competing interpretation based on lagged responses, and also points out issues with serial correlation.

Deals with a study which discussed the profitability of the consumer good industries in Canada in 1965. Factors included in the test for profitability; Evaluation of the economic performance of the country; Definition of the entry barriers to the industry.

The article forecasts the economic growth of Canada in the early 1960's. A brief historical overview of the country's past growth patterns is presented. The post-World War II years proved a boom for the Canadian economy, in which export levels of Canadian commodities increased. The authors predict that the external stimuli to the Canadian economy may not be as strong in the 1960's as it was in the postwar years. The pattern of economic growth is examined to determine whether the Canadian economic structure has changed enough to weather an economic downturn.

This article focuses on developments in banking and monetary policy in Canada. It has been the declared policy of the Canadian government that the twin objectives of economic expansion and financial stability are to be pursued by methods, which would give encouragement to private enterprise and freedom to the consumer. Consequently, the policies, which were adopted to influence both the internal and external operations of the economy, were confined almost exclusively to those, which worked through the price mechanism rather than through use of direct and qualitative controls. The treasury and the Central Bank were the main instrument for implementation of this policy. In Canada the Central Bank is not subject to any directions in the sphere of monetary policy proper. Occasions for direction arise only in connection with matters for which the Bank acts as agent for the Minister of Finance; namely, the exchange rate and the technical management of the public debt. Although the government wholly owns the Bank, it is by statute responsible for the initiation and conduct of monetary policy.

Focuses on a study which discussed several macro-econometric models in Canada from 1950s through the 1970s. Statistical data on various levels of economic activities; Disaggregation of a macro model into industrial sectors; Description of the behavior of heterogenous decision-makers.