April 24, 2008 Release of the Monetary Policy Report Opening statement Mark Carney Growth in the global economy has weakened since the January Monetary Policy Report Update, reflecting the effects of a sharp slowdown in the U.S. economy and ongoing dislocations in global financial markets. Growth in the Canadian economy has also moderated. Content Type(s): Press, Speeches and appearances, Opening statements
March 12, 2008 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Paul Jenkins Standing Senate Committee on Banking, Trade and Commerce Let me start by saying that the issue of internal trade barriers is critically important, and I'm very pleased, Mr. Chairman, that your committee is examining it. We have reviewed previous submissions to this committee, and you will see that our focus will be slightly different. Content Type(s): Press, Speeches and appearances, Opening statements
January 30, 2008 Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology Opening statement Paul Jenkins House of Commons Standing Committee on Industry, Science and Technology To begin, as a little background I would like to quickly review the framework within which we conduct Canada's monetary policy. 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." Content Type(s): Press, Speeches and appearances, Opening statements
January 24, 2008 Release of the Monetary Policy Report Update Opening statement David Dodge The Canadian economy continues to operate above its production capacity, despite some slowing in growth and inflation in the fourth quarter of 2007. Financial conditions have deteriorated since October, leading to tighter credit conditions in industrialized countries. Content Type(s): Press, Speeches and appearances, Opening statements
December 6, 2007 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce In Canada, we were looking for weaker economic growth in the fourth quarter of this year and the first half of 2008, but some strengthening thereafter. As you can see from Table 2, we were expecting continued strong final domestic demand throughout the projection period, but considerably weaker net exports. Content Type(s): Press, Speeches and appearances, Opening statements
December 5, 2007 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Over time, it has become clear that the best contribution monetary policy can make to the promotion of the economic and financial welfare of Canada is to keep inflation low, stable, and predictable. Content Type(s): Press, Speeches and appearances, Opening statements
October 18, 2007 Release of the Monetary Policy Report Opening statement David Dodge Since the July Monetary Policy Report Update, and against a backdrop of robust global economic expansion and strong commodity prices, the Canadian economy has been stronger than projected. It is now operating further above its production potential than had been previously expected. Content Type(s): Press, Speeches and appearances, Opening statements
July 12, 2007 Release of the Monetary Policy Report Update Opening statement David Dodge Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April. Content Type(s): Press, Speeches and appearances, Opening statements
May 2, 2007 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. Content Type(s): Press, Speeches and appearances, Opening statements
May 1, 2007 Opening Statement before the House of Commons Standing Committee on Finance Opening statement David Dodge House of Commons Standing Committee on Finance In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. Content Type(s): Press, Speeches and appearances, Opening statements