Speeches

  • December 12, 2005

    Our Approach to Monetary Policy: Inflation Targeting

    Remarks David Dodge Regina Chamber of Commerce Regina, Saskatchewan
    This year also marks the 70th anniversary of the creation of the Bank of Canada, and we too have taken the time to celebrate our contributions to Canada. At such times, while it is appropriate to look back and celebrate history and accomplishments, it is also a good opportunity to look forward and think about where we are headed. In this spirit, I'd like to talk to you today about one of our main responsibilities; that is, the conduct of monetary policy.
    Content Type(s): Press, Speeches
  • November 28, 2005

    Investing in Productivity

    Remarks David Dodge Canadian Council for Public-Private Partnerships Toronto, Ontario
    Measures of productivity tell us how much output we produce from the use of tangible inputs - such as skilled workers and capital equipment - and intangible inputs - such as technological advances and managerial and entrepreneurial know-how. Productivity rises over time as we boost output by finding new and more efficient ways to use these inputs.
    Content Type(s): Press, Speeches
  • November 14, 2005

    Inflation Targeting in Canada: Design, Lessons, and Challenges

    Remarks David Dodge Conference on the occasion of the 80th anniversary of the Banco de Mexico Mexico City, Mexico
    Today, I want to share with all of you Canada's perspective on the design of an inflation-targeting system, some of the lessons we have learned over almost 15 years of experience with explicit inflation targets, and some of the challenges that remain. This topic is timely, because the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year, and I am pleased to note that, earlier today, the Government announced its intention to renew our agreement for another five years.
    Content Type(s): Press, Speeches
  • November 9, 2005

    Economic and Financial Efficiency: The Importance of Pension Plans

    Remarks David Dodge Association des MBA du Québec (AMBAQ) Montréal, Quebec
    Over the past year, I have spoken a number of times on the topic of efficiency, and why it is so important for Canadian policy-makers to keep in mind the goal of an efficient financial system. Today, I want to talk about Canada's system of pension plans and how they contribute to the efficiency of financial markets and of the economy as a whole.
    Content Type(s): Press, Speeches
  • November 4, 2005

    International symposium of the Banque de France

    Remarks David Dodge International symposium of the Banque de France Paris, France
    As globalization intensifies, more and more regions are realizing the benefits of open trade and capital account liberalization. But with increased globalization also comes increased exposure to shocks originating outside each country's borders.
    Content Type(s): Press, Speeches
  • October 26, 2005

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

    Opening Statement David Dodge Standing Senate Committee on Banking, Trade and Commerce
    When Paul and I appeared before this Committee last April, we said that the economy appeared to be operating slightly below its production capacity, and that we expected it to move back to full capacity in the second half of 2006. In our October Monetary Policy Report, which we published last Thursday, we said that economic growth in the first half of the year was somewhat stronger than we had previously expected. Indeed, the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity.
    Content Type(s): Press, Speeches
  • October 25, 2005

    RCMP management retreat

    Remarks David Dodge RCMP management retreat Ottawa, Ontario
    It's not surprising that the Bank of Canada is interested in promoting economic integrity. After all, the Bank of Canada Act mandates us, as far as possible within the scope of monetary policy action, to "promote the economic and financial welfare of Canada."
    Content Type(s): Press, Speeches
  • October 25, 2005

    Opening Statement before the House of Commons Standing Committee on Finance

    Opening Statement David Dodge House of Commons Standing Committee on Finance
    Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy. Given these adjustments and the slow growth of productivity in recent years, the Bank has slightly reduced its estimate of potential output growth for 2005 and 2006.
    Content Type(s): Press, Speeches
  • October 20, 2005

    Release of the Monetary Policy Report

    Opening Statement David Dodge
    In the report, we said that the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity. Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy.
    Content Type(s): Press, Speeches
  • September 22, 2005

    Financial System Efficiency: Getting the Regulatory Framework Right

    Remarks David Dodge Toronto CFA Society Toronto, Ontario
    The Bank of Canada has been contributing to the goal of an efficient financial system in a number of ways. The Bank's monetary policy aims to keep inflation low, stable, and predictable.
    Content Type(s): Press, Speeches

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