June 21, 2006
David Dodge - Latest
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May 30, 2006
Opening Statement before the 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. -
May 3, 2006
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Total and core inflation were projected to average close to 2 per cent, beginning in the second half of this year. This projection assumed oil prices at roughly US$64 per barrel, a level then indicated by futures prices. Our projection also assumed stable commodity prices, government spending that was growing roughly in line with revenues, and a Canadian dollar continuing to trade in a range of 85 to 87 cents U.S. -
April 27, 2006
Release of the Monetary Policy Report
The Canadian economy continues to grow at a solid pace, supported by robust global growth, firm commodity prices, and strong domestic demand. At the same time, global competition and the past appreciation of the Canadian dollar continue to pose challenges for a number of sectors. -
March 30, 2006
The Evolving International Monetary Order and the Need for an Evolving IMF
The world needs an international institution to promote a new monetary order—a well-functioning, market-based global financial system. This will be the subject of my remarks today. -
March 29, 2006
Global Imbalances: Why Worry? What to Do?
These imbalances reflect the financial flows associated with mismatches in savings and investment on a global scale. Since the late 1990s, many economies outside the United States have increased their net national savings. -
February 6, 2006
Global Imbalances and the Canadian Economy
Canada and Barbados may not have much in common in terms of climate, but we both have very open economies. So we both rely on good economic performance globally for good performance domestically. -
January 26, 2006
Release of the Monetary Policy Report Update
The Canadian and world economies are evolving essentially in line with the Bank's expectations, and the outlook for growth and inflation in Canada is similar to that in the October MPR. Canada's economy continues to adjust to global developments and to the associated changes in relative prices. -
December 23, 2005
70 Years of Central Banking in Canada
Remarks by David Dodge, Governor of the Bank of Canada, to the Canadian Economics Association -
December 12, 2005
Our Approach to Monetary Policy: Inflation Targeting
This year also marks the 70th anniversary of the creation of the Bank of Canada, and we too have taken the time to celebrate our contributions to Canada. At such times, while it is appropriate to look back and celebrate history and accomplishments, it is also a good opportunity to look forward and think about where we are headed. In this spirit, I'd like to talk to you today about one of our main responsibilities; that is, the conduct of monetary policy.