April 4, 2006 The Conduct of Monetary Policy: Dealing with Changes in the Terms of Trade Remarks Pierre Duguay School of Business, Okanagan College Kelowna, British Columbia The ultimate goal of Canadian monetary policy is to help our economy achieve its maximum sustainable growth, and thus contribute to rising living standards for Canadians. The best way to achieve this goal, we've learned from experience, is to keep inflation low, stable, and predictable. Content Type(s): Press, Speeches and appearances, Remarks
March 30, 2006 The Evolving International Monetary Order and the Need for an Evolving IMF Lecture David Dodge Woodrow Wilson School of Public and International Affairs Princeton, New Jersey The world needs an international institution to promote a new monetary order—a well-functioning, market-based global financial system. This will be the subject of my remarks today. Content Type(s): Press, Speeches and appearances, Lectures
March 29, 2006 Global Imbalances: Why Worry? What to Do? Remarks David Dodge New York Association for Business Economics New York, New York These imbalances reflect the financial flows associated with mismatches in savings and investment on a global scale. Since the late 1990s, many economies outside the United States have increased their net national savings. Content Type(s): Press, Speeches and appearances, Remarks
March 9, 2006 Renewing the IMF: Some Lessons from Modern Central Banking Remarks Tiff Macklem Global Interdependence Center Philadelphia, Pennsylvania As economies have become more interconnected through trade and financial flows in a truly global marketplace, economic developments in one location can quickly have repercussions on the other side of the globe. In 1997, what began as a currency devaluation in Thailand became a crisis with repercussions not just in Asia, but in countries as far away as Russia, Brazil, and Canada. Content Type(s): Press, Speeches and appearances, Remarks
February 6, 2006 Global Imbalances and the Canadian Economy Remarks David Dodge Barbados International Business Association Bridgetown, Barbados Canada and Barbados may not have much in common in terms of climate, but we both have very open economies. So we both rely on good economic performance globally for good performance domestically. Content Type(s): Press, Speeches and appearances, Remarks
February 1, 2006 Global Economic Trends: Implications for Canada Remarks Paul Jenkins Saint John Board of Trade Saint John, New Brunswick World economic growth has been remarkably strong over the past three years, averaging close to 4 1/4 per cent, and it is expected to stay around 4 per cent this year and next. Content Type(s): Press, Speeches and appearances, Remarks
January 26, 2006 Release of the Monetary Policy Report Update Opening statement David Dodge The Canadian and world economies are evolving essentially in line with the Bank's expectations, and the outlook for growth and inflation in Canada is similar to that in the October MPR. Canada's economy continues to adjust to global developments and to the associated changes in relative prices. Content Type(s): Press, Speeches and appearances, Opening statements
January 12, 2006 Canada's Monetary Policy Framework: Dealing with Global Economic Change Remarks Sheryl Kennedy International Finance Club of Montréal Montréal, Quebec The constant economic change that we've been experiencing makes it critical for the central bank to stand on a firm foundation as it works to enhance the country's economic strength. The Bank of Canada's monetary policy framework is such a foundation. Content Type(s): Press, Speeches and appearances, Remarks
December 12, 2005 Our Approach to Monetary Policy: Inflation Targeting Remarks David Dodge Regina Chamber of Commerce Regina, Saskatchewan This year also marks the 70th anniversary of the creation of the Bank of Canada, and we too have taken the time to celebrate our contributions to Canada. At such times, while it is appropriate to look back and celebrate history and accomplishments, it is also a good opportunity to look forward and think about where we are headed. In this spirit, I'd like to talk to you today about one of our main responsibilities; that is, the conduct of monetary policy. Content Type(s): Press, Speeches and appearances, Remarks
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