Press

• April 15, 2005

  Governor Dodge Discusses How Canada is Adjusting to Global Economic Forces

  Media Relations New York, New York

  Bank of Canada Governor David Dodge said today that the Canadian economy is adjusting to powerful global forces and explained what the central bank is doing to help the adjustment process.

  Content Type(s): Press, Press releases
• April 15, 2005

  How Canada is Adjusting to Global Economic Forces

  Remarks David Dodge Canadian Association of New York New York, New York

  The Bank of Canada has been examining the issue of how the Canadian economy adjusts movements in the exchange rate for a long time. Canada's economy is very open, so we always need to understand how exchange rate movements are affecting real economic activity and, in turn, what the implications are for monetary policy.

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

  Bank of Canada releases Monetary Policy Report

  Media Relations Ottawa, Ontario

  The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• April 14, 2005

  Release of the Monetary Policy Report

  Opening statement David Dodge

  The Bank expects Canada's economy to grow by about 2 1/2 per cent in 2005 and 3 1/4 per cent in 2006, with growth this year and next coming primarily from strength in domestic demand. To continue to support aggregate demand, we decided to leave the target for the overnight rate unchanged at 2.5 per cent on 12 April.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 12, 2005

  Bank of Canada keeps target for the overnight rate at 2 1/2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.

  Content Type(s): Press, Press releases
• March 30, 2005

  Canada's Competitiveness: The Importance of Investing in Skills

  Remarks David Dodge Humber College Institute of Technology & Advanced Learning Toronto, Ontario

  Productivity plays a critical role when it comes to our national standard of living. Productivity growth is the main element that contributes to continued improvements in real incomes and overall prosperity. Rising productivity lets businesses pay higher wages, while keeping costs down, employment high, and profits coming in. That's why economists like me spend a lot of time thinking about ways to improve the productivity of our economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 21, 2005

  Debt Strategy Consultations 2005/06 and the Review of the Debt Distribution Framework - Summary of Comments

  In October and November 2004, officials from the Department of Finance and the Bank of Canada consulted with interested parties on issues related to the government's domestic debt program, and the review of the government's debt distribution framework.

  Content Type(s): Press, Market notices
• March 21, 2005

  Governor Dodge Discusses Canada's Experience with Inflation Targeting

  Media Relations Washington, D.C.

  Bank of Canada Governor David Dodge said today that Canada's experience under inflation targeting has been "unambiguously positive" since the central bank and federal government agreed to adopt this monetary policy framework in 1991.

  Content Type(s): Press, Press releases
• March 21, 2005

  Inflation Targeting: A Canadian Perspective

  Remarks David Dodge National Association for Business Economics Washington, D.C.

  The invitation is timely, given that the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year. At the Bank, we are always reflecting on our framework, deciding what works well and what we can improve. Against that backdrop, we have watched with interest the debate taking place here in the United States - inside and outside the Federal Reserve - about whether that institution should join the ranks of inflation-targeting central banks.

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

  Bank of Canada Announces Research Fellowship for 2005

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that Professor Paul Beaudry of the University of British Columbia is the recipient of the Bank's Research Fellowship for 2005.

  Content Type(s): Press, Press releases Source(s): Fellowship Program