December 6, 2007 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce In Canada, we were looking for weaker economic growth in the fourth quarter of this year and the first half of 2008, but some strengthening thereafter. As you can see from Table 2, we were expecting continued strong final domestic demand throughout the projection period, but considerably weaker net exports. Content Type(s): Press, Speeches and appearances, Opening statements
December 5, 2007 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Over time, it has become clear that the best contribution monetary policy can make to the promotion of the economic and financial welfare of Canada is to keep inflation low, stable, and predictable. Content Type(s): Press, Speeches and appearances, Opening statements
October 18, 2007 Release of the Monetary Policy Report Opening statement David Dodge Since the July Monetary Policy Report Update, and against a backdrop of robust global economic expansion and strong commodity prices, the Canadian economy has been stronger than projected. It is now operating further above its production potential than had been previously expected. Content Type(s): Press, Speeches and appearances, Opening statements
July 12, 2007 Release of the Monetary Policy Report Update Opening statement David Dodge Economic growth and inflation in Canada in the first half of this year have been stronger than was expected in the April Monetary Policy Report. The Bank judges that the economy is now operating further above its production potential than was projected in April. Content Type(s): Press, Speeches and appearances, Opening statements
May 2, 2007 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement David Dodge Standing Senate Committee on Banking, Trade and Commerce In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. Content Type(s): Press, Speeches and appearances, Opening statements
May 1, 2007 Opening Statement before the House of Commons Standing Committee on Finance Opening statement David Dodge House of Commons Standing Committee on Finance In our latest Monetary Policy Report, which we released last Thursday, we noted that Canada's economic growth did indeed slow, but recently, inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. Content Type(s): Press, Speeches and appearances, Opening statements
April 26, 2007 Release of the Monetary Policy Report Opening statement David Dodge Growth of the Canadian economy has been essentially in line with the Bank's expectations as set out in the January Monetary Policy Report Update. But inflation has been higher than expected. After considering the full range of indicators, the Bank now judges that the Canadian economy was operating just above its production capacity in the first quarter of this year. Content Type(s): Press, Speeches and appearances, Opening statements
January 18, 2007 Release of the Monetary Policy Report Update Opening statement David Dodge The Canadian economy is judged to have been operating at, or just above, its production capacity at the end of 2006, following weaker-than-expected growth in the second half of last year. This slowdown stemmed from reduced demand for Canadian exports - related to weakness in the U.S. automotive and housing sectors - and from the need for Canadian businesses to adjust inventories. Content Type(s): Press, Speeches and appearances, Opening statements
October 25, 2006 Opening Statement before the Senate Banking, Trade and Commerce Committee Opening statement David Dodge Senate Banking, Trade and Commerce Committee Things have changed somewhat since then. While global economic growth is expected to be a little higher than anticipated last spring, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth. Content Type(s): Press, Speeches and appearances, Opening statements
October 19, 2006 Opening Statement before the House of Commons Standing Committee on Finance Opening statement David Dodge House of Commons Standing Committee on Finance In our latest Monetary Policy Report, which we released this morning, we judge that the Canadian economy is currently operating just above capacity. While global economic growth is expected to be a little higher than previously anticipated, a weaker near-term outlook for the U.S. economy has curbed the near-term prospects for Canadian exports and growth. Content Type(s): Press, Speeches and appearances, Opening statements