Speeches

  • December 11, 2006

    Improving Financial System Efficiency: The Need for Action

    Remarks David Dodge Economic Club of Toronto Toronto, Ontario
    The FSR reports on developments and trends in financial systems here and abroad, summarizes recent research by Bank staff on financial sector policies, and promotes discussion of how to strengthen our financial system. In short, the goal of the FSR is to improve financial system efficiency and stability.
    Content Type(s): Press, Speeches
  • November 8, 2006

    The Canadian Economy and Financial Markets in Perspective

    Remarks David Longworth World Hedge Funds Summit Vaughan, Ontario
    The hedge fund industry has been growing so quickly that meetings like this one are welcome—they provide a chance to step back and look at context and trends. And that's what I propose to do this morning. Specifically, I'd like to speak about volatility in both the real economy and in financial markets and discuss how it has been affected by monetary policy and financial innovation.
    Content Type(s): Press, Speeches
  • November 6, 2006

    Prospering in Today's Global Economy: Challenges for Open Economies such as Australia and Canada

    Remarks David Dodge Sydney Institute and the Canadian Australian Chamber of Commerce Sydney, Australia
    As major producers of commodities, both Canada and Australia rely heavily on international trade for our economic expansion, and we each rely extensively on global capital markets. So, what I would like to talk about first is how we see the global and Canadian economies unfolding and what we might expect to see in the future. Following that, I'll also talk about some of the policies that can best help countries like ours to deal with the challenges of today's global economy, looking at this from both a domestic and an international perspective.
    Content Type(s): Press, Speeches
  • October 25, 2006

    Opening Statement before the Senate Banking, Trade and Commerce Committee

    Opening Statement David Dodge Senate Banking, Trade and Commerce Committee
    Things have changed somewhat since then. While global economic growth is expected to be a little higher than anticipated last spring, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth.
    Content Type(s): Press, Speeches
  • October 25, 2006

    The Global Economic Landscape and the Implications for Ontario

    Remarks David Dodge 2006 Ontario Economic Leadership Summit Niagara-on-the-Lake, Ontario
    How can we develop human capital to its fullest potential, and retain that capital? How can we foster research, innovation, and commercialization in this province? How can we improve Ontario's competitiveness in the global marketplace?
    Content Type(s): Press, Speeches
  • October 19, 2006

    Opening Statement before the House of Commons Standing Committee on Finance

    Opening Statement David Dodge House of Commons Standing Committee on Finance
    In our latest Monetary Policy Report, which we released this morning, we judge that the Canadian economy is currently operating just above capacity. While global economic growth is expected to be a little higher than previously anticipated, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth.
    Content Type(s): Press, Speeches
  • October 19, 2006

    Release of the Monetary Policy Report

    Opening Statement David Dodge
    The Canadian economy is judged to be operating just above its production capacity. While global economic growth is expected to be a little higher than previously anticipated, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth.
    Content Type(s): Press, Speeches
  • September 13, 2006

    Weathering Economic Shocks: The Importance of Flexibility

    Remarks Paul Jenkins Vancouver Board of Trade Vancouver, British Columbia
    First, I should explain what I mean by flexibility. As most of you are surely aware, the Bank of Canada has been openly discussing the importance of promoting policies that support economic efficiency, including financial system efficiency. Efficiency refers to the allocation of scarce economic resources to the most productive uses, in a cost-effective way.
    Content Type(s): Press, Speeches
  • August 28, 2006

    Productivity, Terms of Trade, and Economic Adjustment

    Remarks Pierre Duguay Canadian Association for Business Economics Kingston, Ontario
    The Bank of Canada is keenly interested in productivity - for a number of reasons. Productivity gains are a key determinant of growth in potential output and, hence, of Canada's sustainable pace of non-inflationary economic expansion.
    Content Type(s): Press, Speeches
  • July 20, 2006

    The Right Policies for Today's Global Economy

    Remarks David Dodge Brazil-Canada Chamber of Commerce São Paulo, Brazil
    Canada and Brazil both rely on international trade and foreign investment for economic growth, and both are major producers of commodities. Because we share these attributes, we also share a keen interest in the health of the global economy.
    Content Type(s): Press, Speeches

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