Speeches

  • 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
  • May 5, 2006

    The Crucial Contribution of the Financial System and Monetary Policy to Economic Development

    Remarks David Longworth Conference of the Association des économistes québécois Montréal, Quebec
    Many analysts have examined the relationship between the financial system and economic development. They have uncovered some interesting facts regarding the characteristics of the financial system - characteristics that contribute to the best possible allocation of savings to productive investments, which are themselves engines of economic growth.
    Content Type(s): Press, Speeches
  • 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

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