• October 17, 2002

    The Search for Higher Productivity

    Remarks David Dodge Chambre de commerce de Québec Québec, Québec
    Given the extent of uncertainty in the world today, we are all naturally preoccupied with near-term issues and prospects. That's understandable. But, at the same time, it's critical that we look past the short-term to the longer-term trends and potential of our economy.
    Content Type(s): Press, Speeches
  • August 31, 2002

    Macroeconomic Stabilization Policy in Canada

    Remarks David Dodge Symposium sponsored by the Federal Reserve Bank of Kansas City Jackson Hole, Wyoming
    What I propose to do on this panel today is to talk about stabilization policy and policy co-operation from the viewpoint of an industrial country that has a floating exchange rate and both an explicit inflation target for monetary policy and a clear objective for fiscal policy.
    Content Type(s): Press, Speeches
  • June 11, 2002

    Trust, Transparency, and Financial Markets

    Remarks David Dodge Greater Halifax Partnership Halifax, Nova Scotia
    But first, I would like to address an important subject; that is, how to promote the efficient operation of Canada's financial markets. Rather than approaching this topic in a detailed, technical way, I want to speak about two qualities that are essential to their efficient operation: trust and transparency.
    Content Type(s): Press, Speeches
  • May 24, 2002

    Convocation address

    Remarks David Dodge Graduating class of the Faculty of Engineering Queen's University Kingston, Ontario
    Queen's motto is Sapientia et Doctrina Stabilitas, which we generally translate as "Wisdom and knowledge shall be the strength of thy times." This motto is especially pertinent to you as engineers graduating today.
    Content Type(s): Press, Speeches
  • 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.
    Content Type(s): Press, Speeches
  • 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.
    Content Type(s): Press, Speeches
  • April 30, 2002

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

    Opening Statement David Dodge Standing Senate Committee on Banking, Trade and Commerce
    To counter that uncertainty and bolster consumer and business confidence, the Bank of Canada moved aggressively to provide monetary stimulus. Between last September and January 2002, we lowered interest rates by 200 basis points, bringing the total reduction since January 2001 to 375 basis points.
    Content Type(s): Press, Speeches