June 29, 2006
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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
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
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