Speeches

• 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
• April 19, 2005

  Opening Statement before the House of Commons Finance Committee

  Opening statement David Dodge House of Commons Finance Committee

  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
• 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

  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
• 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

  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
• February 17, 2005

  Monetary Policy and Exchange Rate Movements

  Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia

  Every year, the Canadian Press surveys news directors and editors to select the top business story of the year. In 2004, they picked the rise of the Canadian dollar. That was not a surprising choice.

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

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  The outlook for the Canadian economy continues to be shaped by global developments, including the realignment of world currencies. The near-term outlook for the global economy is a touch weaker than projected in the October Report, but more solidly based because of somewhat lower oil prices and greater confidence in the momentum of the U.S. economy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• December 9, 2004

  Financial System Efficiency: A Canadian Imperative

  Remarks David Dodge Empire Club of Canada and the Canadian Club of Toronto Toronto, Ontario

  When I talk about the "financial system," I am referring to financial institutions and markets, the infrastructure, laws, and regulations that govern and support their operations, and the macroeconomic framework within which they operate. My message for you is that improving the efficiency of Canada's financial system is imperative.

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