Speeches

• July 19, 2006

  The Right Policies for Today's Global Economy

  Remarks David Dodge Chile-Canada Chamber of Commerce Santiago, Chile

  Canada and Chile both rely heavily on international trade and foreign investment for economic growth, and are both major producers of commodities. Because we share these attributes, we also share a keen interest in the health of the global economy.

  Content Type(s): Press, Speeches and appearances, Remarks
• July 13, 2006

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  Overall, the Bank's outlook for growth and inflation in Canada is largely unchanged from that in its April Monetary Policy Report (MPR). Growth in the first half of 2006 appears to have been a little stronger than projected, and the Canadian dollar has traded in a higher range than was envisaged in the April MPR.

  Content Type(s): Press, Speeches and appearances, Opening statements
• June 29, 2006

  What Monetary Policy Can and Cannot Do

  Remarks Paul Jenkins Canadian Institute of Actuaries Ottawa, Ontario

  As Canada's central bank, we are committed to conduct monetary policy in a way that fosters confidence in the value of money. This is our primary responsibility. But the Bank has a number of other functions that are very important to economic life in Canada. We promote the safety and soundness of the financial system.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 21, 2006

  Global Economic Forces and the Need for Adjustment

  Remarks David Dodge Chambre de commerce du Montréal métropolitain and the Fédération des chambres de commerce du Québec Montréal, Quebec

  Since the start of the millennium, developments in the global economy have led to important changes throughout the Canadian economy and to serious challenges for many sectors and regions. Because nobody can anticipate precisely how the world will unfold, the best we can do is to ensure that our economy is as flexible as possible.

  Content Type(s): Press, Speeches and appearances, Remarks
• June 8, 2006

  Floating Dollar, Anchored Inflation: The Role of the Exchange Rate in Canada's Monetary Policy Framework

  Remarks Tiff Macklem Lunenburg Board of Trade Lunenburg, Nova Scotia

  The two key components of the Bank's monetary policy framework are an "anchor," the inflation target, and a "float," the flexible exchange rate. Living by the ocean, you know better than I that a good mooring is one that keeps a boat in place, yet allows some give and take for the wind and the tide.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 30, 2006

  Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology

  Opening statement David Dodge House of Commons Standing Committee on Industry, Science and Technology

  The Bank of Canada Act calls on us to "mitigate … fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada." Over time, it has become clear that the best way for us to fulfill this mandate is to keep inflation low, stable, and predictable.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 5, 2006

  The Crucial Contribution of the Financial System and Monetary Policy to Economic Development

  Remarks David Longworth Conference of the Association des économistes québécois Montréal, Quebec

  Many analysts have examined the relationship between the financial system and economic development. They have uncovered some interesting facts regarding the characteristics of the financial system - characteristics that contribute to the best possible allocation of savings to productive investments, which are themselves engines of economic growth.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 3, 2006

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

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

  Total and core inflation were projected to average close to 2 per cent, beginning in the second half of this year. This projection assumed oil prices at roughly US$64 per barrel, a level then indicated by futures prices. Our projection also assumed stable commodity prices, government spending that was growing roughly in line with revenues, and a Canadian dollar continuing to trade in a range of 85 to 87 cents U.S.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 27, 2006

  Release of the Monetary Policy Report

  Opening statement David Dodge

  The Canadian economy continues to grow at a solid pace, supported by robust global growth, firm commodity prices, and strong domestic demand. At the same time, global competition and the past appreciation of the Canadian dollar continue to pose challenges for a number of sectors.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 4, 2006

  The Conduct of Monetary Policy: Dealing with Changes in the Terms of Trade

  Remarks Pierre Duguay School of Business, Okanagan College Kelowna, British Columbia

  The ultimate goal of Canadian monetary policy is to help our economy achieve its maximum sustainable growth, and thus contribute to rising living standards for Canadians. The best way to achieve this goal, we've learned from experience, is to keep inflation low, stable, and predictable.

  Content Type(s): Press, Speeches and appearances, Remarks