November 20, 2003 Governor Says Low and Predictable Inflation Has Led to Better Labour Market Performance Media Relations St. John's, Newfoundland and Labrador On the 25th anniversary of the end of wage and price controls under the Anti-Inflation Board, Governor David Dodge today explored the effects of low inflation on the performance of Canadian labour markets. Content Type(s): Press, Press releases
Financial Constraints and the Cash-Holding Behaviour of Canadian Firms Staff Discussion Paper 2008-16 Darcey McVanel, Nikita Perevalov The proportion of assets held by the average Canadian firm in the form of cash has increased steadily since the early 1990s, and is now roughly twice as large as in 1990. The literature has established that the cash-holding behaviour of firms is highly correlated with financial constraints and firm characteristics. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Sectoral balance sheet JEL Code(s): G, G1, G11, G3, G32
January 23, 2003 Release of Monetary Policy Report Update Opening statement David Dodge Core inflation has been higher than anticipated in recent months. This reflects not only a stronger-than-expected increase in premiums for auto and home insurance, but also some broadening of price pressures resulting from strong demand in the economy. Content Type(s): Press, Speeches and appearances, Opening statements
Merchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian Survey Staff Discussion Paper 2008-12 Carlos Arango, Varya Taylor Using the results of a survey on accepted means of payment, the authors examine merchant preferences and perceptions of retail payment reliability, risk, and costs; the share of each type of payment method over total sales; and the costs involved in accepting payments. Content Type(s): Staff research, Staff discussion papers Research Topic(s): Bank notes JEL Code(s): E, E4, E41, L, L2
March 7, 2006 Bank of Canada raises overnight rate target by 1/4 percentage point to 3 3/4 per cent Media Relations Ottawa, Ontario The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 3/4 per cent. Content Type(s): Press, Press releases
June 11, 2002 Trust, Transparency, and Financial Markets Remarks David Dodge Greater Halifax Partnership Halifax, Nova Scotia 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. 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, Speeches and appearances, Remarks
January 29, 2003 Monetary Policy: Meeting the Challenges of an Uncertain World Remarks David Dodge Speakers Forum Toronto, Ontario I'll discuss what's happening to prices in the economy and how Canada's macroeconomic policy framework protects it from the risks of persistent inflation or deflation. Finally, I will update our outlook for the Canadian economy. Content Type(s): Press, Speeches and appearances, Remarks
November 28, 2005 Governor Dodge Discusses Investing in Productivity Media Relations Toronto, Ontario Improving Canada's productivity performance requires more efficient allocation of labour and capital resources, and continued innovation in both products and production processes, Bank of Canada Governor David Dodge said today at a conference organized by the Canadian Council for Public-Private Partnerships. Content Type(s): Press, Press releases
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. Content Type(s): Press, Speeches and appearances, Opening statements