April 14, 2005 Release of the Monetary Policy Report Opening statement David Dodge The Bank expects Canada's economy to grow by about 2 1/2 per cent in 2005 and 3 1/4 per cent in 2006, with growth this year and next coming primarily from strength in domestic demand. To continue to support aggregate demand, we decided to leave the target for the overnight rate unchanged at 2.5 per cent on 12 April. Content Type(s): Press, Speeches and appearances, Opening statements
March 30, 2005 Canada's Competitiveness: The Importance of Investing in Skills Remarks David Dodge Humber College Institute of Technology & Advanced Learning Toronto, Ontario Productivity plays a critical role when it comes to our national standard of living. Productivity growth is the main element that contributes to continued improvements in real incomes and overall prosperity. Rising productivity lets businesses pay higher wages, while keeping costs down, employment high, and profits coming in. That's why economists like me spend a lot of time thinking about ways to improve the productivity of our economy. Content Type(s): Press, Speeches and appearances, Remarks
March 21, 2005 Inflation Targeting: A Canadian Perspective Remarks David Dodge National Association for Business Economics Washington, D.C. The invitation is timely, given that the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year. At the Bank, we are always reflecting on our framework, deciding what works well and what we can improve. Against that backdrop, we have watched with interest the debate taking place here in the United States - inside and outside the Federal Reserve - about whether that institution should join the ranks of inflation-targeting central banks. Content Type(s): Press, Speeches and appearances, Remarks
February 17, 2005 Monetary Policy and Exchange Rate Movements Remarks David Dodge Vancouver Board of Trade Vancouver, British Columbia Every year, the Canadian Press surveys news directors and editors to select the top business story of the year. In 2004, they picked the rise of the Canadian dollar. That was not a surprising choice. Content Type(s): Press, Speeches and appearances, Remarks
January 27, 2005 Release of the Monetary Policy Report Update Opening statement David Dodge The outlook for the Canadian economy continues to be shaped by global developments, including the realignment of world currencies. The near-term outlook for the global economy is a touch weaker than projected in the October Report, but more solidly based because of somewhat lower oil prices and greater confidence in the momentum of the U.S. economy. Content Type(s): Press, Speeches and appearances, Opening statements
December 9, 2004 Financial System Efficiency: A Canadian Imperative Remarks David Dodge Empire Club of Canada and the Canadian Club of Toronto Toronto, Ontario When I talk about the "financial system," I am referring to financial institutions and markets, the infrastructure, laws, and regulations that govern and support their operations, and the macroeconomic framework within which they operate. My message for you is that improving the efficiency of Canada's financial system is imperative. Content Type(s): Press, Speeches and appearances, Remarks
November 24, 2004 Opening Statement before the Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Senate Committee on Banking, Trade and Commerce The Canadian economy grew faster in the first half of the year than we had projected, largely because of a surge in exports. The economy is now operating near its production capacity and continues to adjust to global developments. Content Type(s): Press, Speeches and appearances, Opening statements
November 22, 2004 Governor Dodge's speech on behalf of Canada's Finance Minister, Ralph Goodale Remarks David Dodge German-Canadian Business Club of Berlin- Brandenburg-Association of Berlin Merchants and Industrialists Berlin, Germany This document is published as a .pdf format only. Content Type(s): Press, Speeches and appearances, Remarks
October 26, 2004 Opening Statement before the House of Commons Finance Committee Opening statement David Dodge House of Commons Finance Committee These meetings help us keep Members of Parliament and, through you, all Canadians informed about the Bank's views on the economy, and about the objective of monetary policy and the actions we take to achieve it. Content Type(s): Press, Speeches and appearances, Opening statements
October 21, 2004 Release of the Monetary Policy Report Opening statement David Dodge The Canadian economy has grown faster than was projected in last April's Monetary Policy Report and the July Update, largely because of a surge in exports. It is now operating near its production capacity and continues to adjust to global economic developments. Content Type(s): Press, Speeches and appearances, Opening statements