February 11, 2004
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January 22, 2004
Release of the Monetary Policy Report Update
Opening statement
David Dodge
Three developments have led us to modify our outlook for economic growth and inflation in Canada, since our October Monetary Policy Report. These include: stronger-than-expected world economic activity, the continued sharp depreciation of the U.S. dollar against major world currencies (including the Canadian dollar), and a somewhat larger output gap in Canada at the end of 2003.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
December 8, 2003
Past Adjustments and Future Trends in the Canadian Economy
When giving a speech near the end of a year, it is common practice to look back over the past 12 months, consider what we have learned from the events and experiences of the year, and think a bit about what might lie ahead. I became Governor of the Bank of Canada in 2001 and, since that time, I have found myself saying at the end of each year, "Well, we won't see another year like that again."
Content Type(s):
Press,
Speeches and appearances,
Remarks
November 20, 2003
Low and Predictable Inflation and the Performance of Canadian Labour Markets
The goal of Canadian monetary policy is to contribute to solid economic performance and rising living standards. The best way we can do this is by keeping inflation low, stable, and predictable. This has important implications for labour market performance.
Content Type(s):
Press,
Speeches and appearances,
Lectures
November 17, 2003
Global Challenges, Canadian Opportunities
Remarks
David Dodge
Office for Partnerships for Advanced Skills Annual Visionary Seminar
Ottawa, Ontario
It is certainly nothing new to say that economies have become increasingly globalized. In his 1962 book, The Gutenberg Galaxy, Marshall McLuhan observed that the electronic mass media were collapsing time and space barriers. This enabled people to communicate on a global scale. He coined the term "global village" to describe this change.
Content Type(s):
Press,
Speeches and appearances,
Remarks