David Dodge - Latest

• November 28, 2005

  Investing in Productivity

  Remarks David Dodge Canadian Council for Public-Private Partnerships Toronto, Ontario

  Measures of productivity tell us how much output we produce from the use of tangible inputs - such as skilled workers and capital equipment - and intangible inputs - such as technological advances and managerial and entrepreneurial know-how. Productivity rises over time as we boost output by finding new and more efficient ways to use these inputs.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 14, 2005

  Inflation Targeting in Canada: Design, Lessons, and Challenges

  Remarks David Dodge Conference on the occasion of the 80th anniversary of the Banco de Mexico Mexico City, Mexico

  Today, I want to share with all of you Canada's perspective on the design of an inflation-targeting system, some of the lessons we have learned over almost 15 years of experience with explicit inflation targets, and some of the challenges that remain. This topic is timely, because the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year, and I am pleased to note that, earlier today, the Government announced its intention to renew our agreement for another five years.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 9, 2005

  Economic and Financial Efficiency: The Importance of Pension Plans

  Remarks David Dodge Association des MBA du Québec (AMBAQ) Montréal, Quebec

  Over the past year, I have spoken a number of times on the topic of efficiency, and why it is so important for Canadian policy-makers to keep in mind the goal of an efficient financial system. Today, I want to talk about Canada's system of pension plans and how they contribute to the efficiency of financial markets and of the economy as a whole.

  Content Type(s): Press, Speeches and appearances, Remarks
• November 4, 2005

  International symposium of the Banque de France

  Remarks David Dodge International symposium of the Banque de France Paris, France

  As globalization intensifies, more and more regions are realizing the benefits of open trade and capital account liberalization. But with increased globalization also comes increased exposure to shocks originating outside each country's borders.

  Content Type(s): Press, Speeches and appearances, Remarks
• October 26, 2005

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

  Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce

  When Paul and I appeared before this Committee last April, we said that the economy appeared to be operating slightly below its production capacity, and that we expected it to move back to full capacity in the second half of 2006. In our October Monetary Policy Report, which we published last Thursday, we said that economic growth in the first half of the year was somewhat stronger than we had previously expected. Indeed, the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 25, 2005

  RCMP management retreat

  Remarks David Dodge RCMP management retreat Ottawa, Ontario

  It's not surprising that the Bank of Canada is interested in promoting economic integrity. After all, the Bank of Canada Act mandates us, as far as possible within the scope of monetary policy action, to "promote the economic and financial welfare of Canada."

  Content Type(s): Press, Speeches and appearances, Remarks
• October 25, 2005

  Opening Statement before the House of Commons Standing Committee on Finance

  Opening statement David Dodge House of Commons Standing Committee on Finance

  Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy. Given these adjustments and the slow growth of productivity in recent years, the Bank has slightly reduced its estimate of potential output growth for 2005 and 2006.

  Content Type(s): Press, Speeches and appearances, Opening statements
• October 20, 2005

  Release of the Monetary Policy Report

  Opening statement David Dodge

  In the report, we said that the global and Canadian economies have continued to grow at a solid pace, and our economy now appears to be operating at full production capacity. Past and recent movements in energy prices and in the exchange rate for the Canadian dollar, along with competitive pressures from China and other newly industrialized economies, are giving rise to significant ongoing adjustments in the Canadian economy.

  Content Type(s): Press, Speeches and appearances, Opening statements
• September 22, 2005

  Financial System Efficiency: Getting the Regulatory Framework Right

  Remarks David Dodge Toronto CFA Society Toronto, Ontario

  The Bank of Canada has been contributing to the goal of an efficient financial system in a number of ways. The Bank's monetary policy aims to keep inflation low, stable, and predictable.

  Content Type(s): Press, Speeches and appearances, Remarks
• September 9, 2005

  The Evolution and Resolution of Global Imbalances

  Remarks David Dodge Spruce Meadows Roundtable Calgary, Alberta

  Today, I will talk about two types of global economic imbalances. The first relates to the way that savings and investment are being distributed across countries in an increasingly uneven way. The second is the possibility that, over the next couple of decades, the global economy might face a protracted period in which desired savings exceed planned investment, partly because of demographic trends.

  Content Type(s): Press, Speeches and appearances, Remarks