July 24, 2002
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June 11, 2002
Trust, Transparency, and Financial Markets
But first, I would like to address an important subject; that is, how to promote the efficient operation of Canada's financial markets. Rather than approaching this topic in a detailed, technical way, I want to speak about two qualities that are essential to their efficient operation: trust and transparency.
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May 24, 2002
Convocation address
Remarks
David Dodge
Graduating class of the Faculty of Engineering Queen's University
Kingston, Ontario
Queen's motto is Sapientia et Doctrina Stabilitas, which we generally translate as "Wisdom and knowledge shall be the strength of thy times." This motto is especially pertinent to you as engineers graduating today.
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May 14, 2002
International Financial Architecture and the Resolution of Financial Crises
Remarks
David Dodge
Canadian Club of Ottawa and the Canadian Institute of International Affairs
Ottawa, Ontario
The preamble to the Bank of Canada Act calls on us to promote the economic and financial welfare of Canada. In this context, we aim to foster good economic performance through monetary stability - that is to say, through low, stable, and predictable inflation. But no market economy can function properly unless it is also supported by an efficient and stable financial system.
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May 9, 2002
Canadian Consul General's residence
In Canada, the economic weakness that we experienced was really concentrated in the third quarter of last year, particularly in September. The terrorist attacks in September created a great deal of uncertainty, and so the Bank of Canada, like the U.S. Federal Reserve, provided an extraordinary amount of stimulus by aggressively lowering interest rates.
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