Subscribe to Remarks
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.
  • May 9, 2002

    Canadian Consul General's residence

    Remarks David Dodge Luncheon at the Canadian Consul General's residence Chicago, Illinois
    In Canada, the economic weakness that we experienced was really concentrated in the third quarter of last year, particularly in September. The terrorist attacks in September created a great deal of uncertainty, and so the Bank of Canada, like the U.S. Federal Reserve, provided an extraordinary amount of stimulus by aggressively lowering interest rates.