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1251 result(s)

May 9, 2002

Canadian Consul General's residence

Remarks David Dodge Luncheon at the Canadian Consul General's residence Chicago, Illinois
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.
April 30, 2002

Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce
To counter that uncertainty and bolster consumer and business confidence, the Bank of Canada moved aggressively to provide monetary stimulus. Between last September and January 2002, we lowered interest rates by 200 basis points, bringing the total reduction since January 2001 to 375 basis points.
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