July 19, 2006
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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
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.
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June 8, 2006
Floating Dollar, Anchored Inflation: The Role of the Exchange Rate in Canada's Monetary Policy Framework
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):
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Speeches and appearances,
Remarks