Canadian Monetary Policy 1989-1993: What Were the Bank of Canada's True Actions in the Determination of Monetary Conditions?

The changing relation between the Canadian and U.S. yield curves

“…In fact, in 1991 we observe a dramatic increase in the volume of open market operations conducted by the Bank of Canada. Racette and Raynauld (1994) analyzes the Canadian monetary policy during 1989-1993 and find monetary policy in Canada primarily emphasized severe reductions in inflation in the early 1990s.…”