Speeches

• September 9, 2005

  The Evolution and Resolution of Global Imbalances

  Remarks David Dodge Spruce Meadows Roundtable Calgary, Alberta

  Today, I will talk about two types of global economic imbalances. The first relates to the way that savings and investment are being distributed across countries in an increasingly uneven way. The second is the possibility that, over the next couple of decades, the global economy might face a protracted period in which desired savings exceed planned investment, partly because of demographic trends.

  Content Type(s): Press, Speeches and appearances, Remarks
• July 14, 2005

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  Global and Canadian economic developments have been unfolding broadly as expected, and the Bank's outlook for output and inflation in Canada through to the end of 2006 is little changed from the scenario outlined in the April Report. Strong growth in final domestic demand in Canada continues to offset the drag from net exports.

  Content Type(s): Press, Speeches and appearances, Opening statements
• June 28, 2005

  The International Monetary Order and the Canadian Economy

  Remarks David Dodge Canada-U.K. Chamber of Commerce London, United Kingdom

  As business people with ties to Canada and the United Kingdom, you are keenly interested in the economic prospects of both countries. When we look closely at our economies, it is striking how much they have in common in terms of policies and outlook.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 15, 2005

  Adjusting to Change

  Remarks David Dodge Winnipeg Chamber of Commerce Winnipeg, Manitoba

  Change is the central theme of my remarks today. First, I will talk about some of the changes that have taken place at the Bank of Canada over its 70-year history. Then, I'll talk about some of the changes that are currently taking place in the global economy, as well as how we see our economy - across Canada and right here in Manitoba - adjusting to these changes.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 9, 2005

  How the Canadian Economy Is Adjusting to Global Forces

  Remarks David Dodge Canadian Chamber of Commerce in Japan Tokyo, Japan

  Rapid growth in emerging-market economies is driving up demand for commodities, and that has pushed up world prices for oil and many non-energy commodities. Meanwhile, productivity improvements in some countries and a competitive world environment are lowering the prices for some consumer goods, communications services, and computer equipment.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 2, 2005

  Monetary Policy and the Exchange Rate in Canada

  Remarks David Dodge Canada China Business Council Beijing, China

  Canada's experience is interesting and potentially insightful for two important reasons. First, Canada has more experience with a flexible exchange rate than almost any other country.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 30, 2005

  Reflections on the International Economic and Monetary Order

  Remarks David Dodge la Conférence de Montréal Montréal, Quebec

  Up to now, world capital markets have been managing these imbalances in a reasonably smooth way. In the short term, it is reasonable to expect that they will continue to do so. But over the medium term, imbalances of this magnitude are not sustainable.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 27, 2005

  70 Years of Central Banking in Canada

  Remarks David Dodge Canadian Economics Association Hamilton, Ontario

  The Bank opened its doors on 11 March 1935, at the height of the Great Depression, and immediately faced enormous challenges. In meeting those challenges, the new Bank of Canada drew on the experience of other, established central banks. It received valuable guidance in functions such as the issuance of bank notes, managing foreign exchange reserves, and promoting financial stability.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 6, 2005

  The Canadian Economy: Adjusting to Global Economic Forces

  Remarks David Dodge Ottawa Chamber of Commerce Ottawa, Ontario

  The year 2005 marks the 150th anniversary of the establishment of Ottawa as a city. On 1 January 1855, the logging community of Bytown was formally incorporated as a city and adopted Ottawa as its new name.

  Content Type(s): Press, Speeches and appearances, Remarks
• April 20, 2005

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce

  Last Thursday, we released our April Monetary Policy Report. In the report, we said that the global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in January's Monetary Policy Report Update.

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