Remarks

• 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 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
• 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
• March 29, 2006

  Global Imbalances: Why Worry? What to Do?

  Remarks David Dodge New York Association for Business Economics New York, New York

  These imbalances reflect the financial flows associated with mismatches in savings and investment on a global scale. Since the late 1990s, many economies outside the United States have increased their net national savings.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 9, 2006

  Renewing the IMF: Some Lessons from Modern Central Banking

  Remarks Tiff Macklem Global Interdependence Center Philadelphia, Pennsylvania

  As economies have become more interconnected through trade and financial flows in a truly global marketplace, economic developments in one location can quickly have repercussions on the other side of the globe. In 1997, what began as a currency devaluation in Thailand became a crisis with repercussions not just in Asia, but in countries as far away as Russia, Brazil, and Canada.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 6, 2006

  Global Imbalances and the Canadian Economy

  Remarks David Dodge Barbados International Business Association Bridgetown, Barbados

  Canada and Barbados may not have much in common in terms of climate, but we both have very open economies. So we both rely on good economic performance globally for good performance domestically.

  Content Type(s): Press, Speeches and appearances, Remarks
• February 1, 2006

  Global Economic Trends: Implications for Canada

  Remarks Paul Jenkins Saint John Board of Trade Saint John, New Brunswick

  World economic growth has been remarkably strong over the past three years, averaging close to 4 1/4 per cent, and it is expected to stay around 4 per cent this year and next.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 12, 2006

  Canada's Monetary Policy Framework: Dealing with Global Economic Change

  Remarks Sheryl Kennedy International Finance Club of Montréal Montréal, Quebec

  The constant economic change that we've been experiencing makes it critical for the central bank to stand on a firm foundation as it works to enhance the country's economic strength. The Bank of Canada's monetary policy framework is such a foundation.

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