May 17, 2005
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May 6, 2005
Governor Dodge Discusses How Canada Is Adjusting to Global Economic Forces
Bank of Canada Governor David Dodge said today that Canada's economy is adjusting to powerful forces at work in the global economy, including the emergence of China and India as economic powerhouses, large and growing current account imbalances in the United States and Asia, rising commodity prices, and movements in exchange rates, including Canada's dollar.
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May 6, 2005
The Canadian Economy: Adjusting to Global Economic Forces
The year 2005 marks the 150th anniversary of the establishment of Ottawa as a city. On 1 January 1855, the logging community of Bytown was formally incorporated as a city and adopted Ottawa as its new name.
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April 20, 2005
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
Last Thursday, we released our April Monetary Policy Report. In the report, we said that the global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in January's Monetary Policy Report Update.
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April 19, 2005
Opening Statement before the House of Commons Finance Committee
Last Thursday, we released our April Monetary Policy Report. In the report, we said that the global economy has been unfolding largely as expected, and the outlook for the Canadian economy is essentially unchanged from that in January's Monetary Policy Report Update.
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Speeches and appearances,
Opening statements
April 15, 2005
Governor Dodge Discusses How Canada is Adjusting to Global Economic Forces
Bank of Canada Governor David Dodge said today that the Canadian economy is adjusting to powerful global forces and explained what the central bank is doing to help the adjustment process.
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April 15, 2005
How Canada is Adjusting to Global Economic Forces
The Bank of Canada has been examining the issue of how the Canadian economy adjusts movements in the exchange rate for a long time. Canada's economy is very open, so we always need to understand how exchange rate movements are affecting real economic activity and, in turn, what the implications are for monetary policy.
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April 14, 2005
Bank of Canada releases Monetary Policy Report
The Bank of Canada today released its April Monetary Policy Report, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.
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April 14, 2005
Release of the Monetary Policy Report
Opening statement
David Dodge
The Bank expects Canada's economy to grow by about 2 1/2 per cent in 2005 and 3 1/4 per cent in 2006, with growth this year and next coming primarily from strength in domestic demand. To continue to support aggregate demand, we decided to leave the target for the overnight rate unchanged at 2.5 per cent on 12 April.
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April 12, 2005
Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
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