November 18, 2002 Promoting Canada's Economic and Financial Welfare Remarks David Dodge Calgary Chamber of Commerce Calgary, Alberta It's been a difficult year for many sectors of the Alberta economy. Certainly, the severe drought hurt many western farmers, and investment in the energy sector was held back by low oil and gas prices. In addition, the slump in the telecom sector has affected Calgary. Content Type(s): Press, Speeches and appearances, Remarks
November 12, 2002 Staying the Course Remarks David Dodge a panel discussion at the Banco de México Mexico City, Mexico The dramatic events of the last two years and growing concern about the near-term prospects for the global economy have created a climate in which policy-makers focus only on current economic developments and lose sight of longer-term goals. Content Type(s): Press, Speeches and appearances, Remarks
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 and appearances, Remarks
October 5, 2002 Dollarization and North American Integration Remarks David Dodge Chambre de commerce du Québec Sherbrooke, Quebec The question before us sounds straightforward: "Should Canada adopt the U.S. dollar?" But the issues are complicated. I will not pretend that I can cover all the nuances of this topic in my allotted time. So I am running the risk that I may oversimplify matters. Content Type(s): Press, Speeches and appearances, Remarks
September 18, 2002 Canada's Economic Performance After an Eventful Year Remarks David Dodge University of British Columbia Vancouver, British Columbia Indeed, a strong research environment has long been a hallmark of the Bank. We also want to encourage research relevant to our business, especially with respect to monetary policy and financial system stability, at universities all across Canada. Content Type(s): Press, Speeches and appearances, Remarks
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 and appearances, Remarks
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 and appearances, Remarks
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 and appearances, Remarks
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 and appearances, Remarks
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 and appearances, Remarks