News

• March 26, 2002

  The Conduct of Monetary Policy in the Presence of Economic Shocks

  Remarks David Dodge National Association for Business Economics Washington, D.C.

  Globalization - the trend towards greater economic integration around the world - has brought important benefits to us all. It has boosted world trade, opened up access to sources of global finance, and facilitated the diffusion of far-reaching technological advances in transportation, communications, and information processing.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 25, 2002

  Canada's new $5 bank note launched on 27 March 2002

  Media Relations Ottawa, Ontario

  Canada's new $5 bank note will be launched Wednesday, 27 March, in Montréal.

  Content Type(s): Press, Press releases
• March 12, 2002

  Bank of Canada Governor Reviews Canadian Monetary Policy Choices

  Media Relations Paris, France

  In particular, the Governor discussed how the Bank of Canada aims to promote economic growth by means of a monetary policy symmetrically focused on a 2 per cent inflation target. "We pay equal attention to any significant movement away from 2 per cent - whether above or below," Mr. Dodge said. In contrast, the European Central Bank has an inflation-control ceiling of 2 per cent, he noted.

  Content Type(s): Press, Press releases
• March 12, 2002

  Monetary Policy Choices: The Canadian Experience

  Remarks David Dodge Chambre de Commerce France-Canada and Les Canadiens en Europe (France) Paris, France

  Over the years, both Canada and France have had to make decisions about the framework guiding monetary policy. The authorities in the two countries have made choices that reflect the differences in our economies.

  Content Type(s): Press, Speeches and appearances, Remarks
• March 5, 2002

  Bank of Canada keeps target for the overnight rate at 2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent.

  Content Type(s): Press, Press releases
• February 20, 2002

  Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate

  Media Relations New York, New York

  In a speech to the Canadian Society of New York, Bank of Canada Governor David Dodge said today that Canada's monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, "has contributed importantly to putting the Canadian economy back on the right path to longer-term prosperity."

  Content Type(s): Press, Press releases
• February 20, 2002

  Canada's Experience with Inflation Targets and a Flexible Exchange Rate: Lessons Learned

  Remarks David Dodge Canadian Society of New York New York, New York

  The Canadian economy has undergone a dramatic transformation over the past decade. And it has emerged as a low-inflation economy, with declining levels of public and foreign debt and a private sector that is more cost-conscious, productive, and efficient, thanks to restructuring and investments in new technology.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 31, 2002

  Bank of Canada's outlook for the Canadian economy

  Remarks David Dodge Meeting in New York with Canadian banks and the investment community

  The immediate impact and the fallout from last September's events introduced new layers of uncertainty into the economic picture, compounding the effects of a deepening global economic slowdown that had become more evident during the summer.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 29, 2002

  Bank of Canada Governor reviews success of inflation targets

  Media Relations Saskatoon, Saskatchewan

  In a speech to the Saskatoon and District Chamber of Commerce, Bank of Canada Governor David Dodge said today that Canada's inflation-targeting system has led to many benefits for the Canadian economy. The Governor detailed those benefits, which were confirmed when the Bank and the Government of Canada renewed their inflation-control agreement last year.

  Content Type(s): Press, Press releases
• January 29, 2002

  Inflation Targeting During a Difficult Year

  Remarks David Dodge Saskatoon and District Chamber of Commerce Saskatoon, Saskatchewan

  One of the main benefits of the targets is that they help the economy to run more smoothly when there are surprises in the level of demand for Canadian goods and services.

  Content Type(s): Press, Speeches and appearances, Remarks