November 3, 2003
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October 23, 2003
Opening Statement before the Senate Banking, Trade and Commerce Committee
The last time that I appeared before this committee was after the release of our April Report. Since then, our economy has been hit by a number of unusual shocks. Because of these shocks and other factors, growth has been weaker than expected. We now estimate that there is more slack in the economy than we had projected in April.
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Speeches and appearances,
Opening statements
October 22, 2003
Release of the Monetary Policy Report
Opening statement
David Dodge
Since our April Report, the Canadian economy has been hit by a number of unusual shocks: SARS, BSE, the Ontario electricity blackout, and the severe forest fires in British Columbia. Inflation has also fallen faster and further than expected.
Content Type(s):
Press,
Speeches and appearances,
Opening statements
October 22, 2003
Opening Statement before the House of Commons Finance Committee
The last time that Paul and I appeared before this committee was after the release of our April Report. At that time, inflation was well above its 2 per cent target, and short-term inflation expectations had edged up. Although inflation was being pushed up by special factors, there were also signs that strong domestic demand was working to broaden pressures on prices.
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Speeches and appearances,
Opening statements
September 10, 2003
Fostering Confidence
It's great to be back in Vancouver and to renew acquaintances at the Board of Trade. I'm going to spend some time today discussing the Bank of Canada's outlook for the Canadian economy and inflation, and how we are responding. But in order to understand the current economic situation, we need to look at some of the extraordinary events of the past year or so and how those events have affected the economy.
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