Opening statements

• May 30, 2006

  Opening Statement before the House of Commons Standing Committee on Industry, Science and Technology

  Opening statement David Dodge 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.

  Content Type(s): Press, Speeches and appearances, Opening statements
• May 3, 2006

  Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

  Opening statement David Dodge 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.

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