June 11, 2002
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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.
Content Type(s):
Press,
Speeches and appearances,
Remarks
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.
Content Type(s):
Press,
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Remarks
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.
Content Type(s):
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Remarks
April 30, 2002
Opening Statement before the 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.
Content Type(s):
Press,
Speeches and appearances,
Opening statements