News

• 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
• January 28, 2002

  Bank of Canada Governor reviews key developments of last year

  Media Relations Winnipeg, Manitoba

  The Governor highlighted the global slowdown as the major economic challenge of the past year. But he said that there were also key changes within the Bank of Canada related to the implementation of monetary policy. In particular, he spoke of the success of the Bank's new system of eight fixed dates per year for announcing interest rate decisions. He also set out in detail the process that leads to those decisions.

  Content Type(s): Press, Press releases
• January 28, 2002

  Challenges and Changes in an Eventful Year

  Remarks David Dodge Canadian Club of Winnipeg Winnipeg, Manitoba

  The main economic concern of the past year was the slowdown that occurred not just here in Canada, but in most major economies. Compounding the economic concerns were the 11 September terrorist attacks in the United States.

  Content Type(s): Press, Speeches and appearances, Remarks
• January 23, 2002

  Bank of Canada releases Monetary Policy Report Update

  Media Relations

  The Bank of Canada today released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy.

  Content Type(s): Press, Press releases
• January 23, 2002

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  (English Version) Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 23, 2002

  Release of the Monetary Policy Report Update

  Opening statement David Dodge

  (Bilingual Version) Economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed in November.

  Content Type(s): Press, Speeches and appearances, Opening statements
• January 15, 2002

  Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 per cent

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.

  Content Type(s): Press, Press releases
• January 5, 2002

  Inflation Targeting in Canada: Experience and Lessons

  Remarks David Dodge Central Bank Governor's Panel on Inflation Targeting at a joint session of The American Economic Association and the North American Economics and Finance Association Atlanta, Georgia

  In the 1970s and 1980s we found - in common with many other countries - that high and variable rates of inflation created a lot of economic damage. And it took a long time and a lot of work with various monetary policy frameworks before we got back on track.

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