News

• December 8, 2003

  Past Adjustments and Future Trends in the Canadian Economy

  Remarks David Dodge London Chamber of Commerce London, Ontario

  When giving a speech near the end of a year, it is common practice to look back over the past 12 months, consider what we have learned from the events and experiences of the year, and think a bit about what might lie ahead. I became Governor of the Bank of Canada in 2001 and, since that time, I have found myself saying at the end of each year, "Well, we won't see another year like that again."

  Content Type(s): Press, Speeches and appearances, Remarks
• December 8, 2003

  Governor Reviews Past Adjustments and Future Trends in the Canadian Economy

  Media Relations London, Ontario

  Bank of Canada Governor David Dodge today reviewed the economic adjustments that Canadians made through the 1990s and talked about the adjustments that will be necessary in coming decades.

  Content Type(s): Press, Press releases
• December 2, 2003

  Bank of Canada keeps target for the overnight rate at 2 3/4 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent.

  Content Type(s): Press, Press releases
• November 20, 2003

  Governor Says Low and Predictable Inflation Has Led to Better Labour Market Performance

  Media Relations St. John's, Newfoundland and Labrador

  On the 25th anniversary of the end of wage and price controls under the Anti-Inflation Board, Governor David Dodge today explored the effects of low inflation on the performance of Canadian labour markets.

  Content Type(s): Press, Press releases
• November 20, 2003

  Low and Predictable Inflation and the Performance of Canadian Labour Markets

  Lecture David Dodge Memorial University of Newfoundland St. John's, Newfoundland and Labrador

  The goal of Canadian monetary policy is to contribute to solid economic performance and rising living standards. The best way we can do this is by keeping inflation low, stable, and predictable. This has important implications for labour market performance.

  Content Type(s): Press, Speeches and appearances, Lectures
• November 17, 2003

  Global Challenges, Canadian Opportunities

  Remarks David Dodge Office for Partnerships for Advanced Skills Annual Visionary Seminar Ottawa, Ontario

  It is certainly nothing new to say that economies have become increasingly globalized. In his 1962 book, The Gutenberg Galaxy, Marshall McLuhan observed that the electronic mass media were collapsing time and space barriers. This enabled people to communicate on a global scale. He coined the term "global village" to describe this change.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 3, 2003

  On Economic Education

  Remarks David Dodge David Dodge Tribute Dinner hosted by the Canadian Foundation of Economic Education Toronto, Ontario

  The program this evening focuses on the value of public service and the importance of economic and financial literacy for the well-being of Canadians. These two themes have special significance for me, as my career has involved time spent in the public service as well as teaching.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 29, 2003

  Bank of Canada Governor David Dodge corrects a misstatement

  Media Relations Ottawa, Ontario

  Bank of Canada Governor David Dodge corrects a misstatement he made in responding to a question yesterday relating to what he heard at the G-20 meeting about U.S. growth and how it might affect Bank of Canada projections.

  Content Type(s): Press, Press releases
• October 23, 2003

  Opening Statement before the Senate Banking, Trade and Commerce Committee

  Opening statement David Dodge Senate Banking, Trade and Commerce Committee

  The last time that I appeared before this committee was after the release of our April Report. Since then, our economy has been hit by a number of unusual shocks. Because of these shocks and other factors, growth has been weaker than expected. We now estimate that there is more slack in the economy than we had projected in April.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 22, 2003

  Release of the Monetary Policy Report

  Opening statement David Dodge

  Since our April Report, the Canadian economy has been hit by a number of unusual shocks: SARS, BSE, the Ontario electricity blackout, and the severe forest fires in British Columbia. Inflation has also fallen faster and further than expected.

  Content Type(s): Press, Speeches and appearances, Opening statements