Opening statements

• 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
• April 24, 2002

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement David Dodge

  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
• April 24, 2002

  Release of the Monetary Policy Report

  Opening statement David Dodge

  The level of production in the Canadian economy should return to full capacity in the second half of 2003. We also said that inflation should be at the Bank's 2 per cent target by about the end of next year.

  Content Type(s): Press, Speeches and appearances, Opening statements