Uncategorized

• May 10, 2007

  Spring 2007 Consultations Document – Auction Plan for Real Return Bonds

  In April 2007, officials from the Department of Finance and the Bank of Canada sought the views of institutional investors, government securities distributors, and other interested parties regarding the auction plan for Real Return Bonds (RRBs). The consultations were undertaken in view of the announcement, in the Debt Management Strategy for 2007/08, of an increase in the issuance of RRBs to slightly over $2 billion.

  Content Type(s): Press, Market notices
• May 10, 2007

  A Sound Pension System – Handling Risk Appropriately

  Remarks David Dodge Conference Board of Canada 2007 Pensions Summit Toronto, Ontario

  It goes without saying that a sound system of private pensions is important from the perspective of pensioners who rely on a given plan for their retirement income. For firms, a pension plan can help to attract and retain staff, and so the business community also counts on a sound pension system.

  Content Type(s): Press, Speeches and appearances, Remarks
• May 4, 2007

  The Importance of Appropriate Exchange Rate Regimes

  Remarks David Dodge ACI - The Financial Markets Association Montréal, Quebec

  Why do I think that such an order is so important? Well, in part it's because history has helped to demonstrate its virtues. But it's also extremely important to bear in mind the context, that is, the world in which we live today. This is a world in which adjustment is perpetual, where change is driven by the development of new technologies, where sectors and nations continually attempt to secure some new advantage. And in this world, price signals from markets help us to understand what adjustments are needed.

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

• Oil Price Movements and the Global Economy: A Model-Based Assessment

  Staff Working Paper 2007-34 Selim Elekdag, René Lalonde, Douglas Laxton, Dirk Muir, Paolo Pesenti

  We develop a five-region version (Canada, an oil exporter, the United States, emerging Asia and Japan plus the euro area) of the Global Economy Model (GEM) encompassing production and trade of crude oil, and use it to study the international transmission mechanism of shocks that drive oil prices.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Inflation and prices, International topics JEL Code(s): E, E6, E66, F, F3, F32, F4, F47

• Domestic versus External Borrowing and Fiscal Policy in Emerging Markets

  Staff Working Paper 2007-33 Garima Vasishtha

  Domestic public debt issued by emerging markets has risen significantly relative to international debt in recent years. Some recent empirical evidence also suggests that sovereigns have defaulted differentially on debt held by domestic and external creditors.

  Content Type(s): Staff research, Staff working papers Topic(s): Debt management, International topics JEL Code(s): F, F3, F30, H, H2, H21, H6, H63
• May 2, 2007

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

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

  In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 1, 2007

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement David Dodge House of Commons Standing Committee on Finance

  In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 26, 2007

  Monetary Policy Report – April 2007

  

  Growth in the Canadian economy has been essentially in line with the expectations set out in the Bank’s January Monetary Policy Report Update.

  Content Type(s): Publications, Monetary Policy Report
• April 26, 2007

  Release of the Monetary Policy Report

  Opening statement David Dodge

  Growth of the Canadian economy has been essentially in line with the Bank's expectations as set out in the January Monetary Policy Report Update. But inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year.

  Content Type(s): Press, Speeches and appearances, Opening statements
• April 25, 2007

  Bank of Canada Governor David Dodge will not seek second term

  Media Relations Ottawa, Ontario

  Governor David Dodge has informed the Bank of Canada's Board of Directors and the Minister of Finance that he will not seek a second term as Governor.

  Content Type(s): Press, Press releases