June 21, 2007 Global Integration, Monetary Policy, and the International Monetary System Remarks Tiff Macklem Winnipeg CFA Society Winnipeg, Manitoba Now, Manitoba – right in the middle of our vast country – might seem an odd place to talk about globalization. But this province, like the rest of Canada, is very much affected by global economic forces. Content Type(s): Press, Speeches and appearances, Remarks
June 13, 2007 Demographics, Labour Input, and Economic Potential: Implications for Monetary Policy Remarks David Dodge St. John's Board of Trade St. John's, Newfoundland and Labrador Over the years, we at the Bank of Canada have learned that the best contribution that monetary policy can make to the economic welfare of Canadians is to keep inflation low, stable, and predictable. We try to keep the annual increase in consumer price inflation at 2 per cent, which is the middle of a 1 to 3 per cent inflation-control range. Content Type(s): Press, Speeches and appearances, Remarks
May 21, 2007 Making Global Economic Institutions Work – What the World Needs Now Remarks David Dodge Chicago Council on Global Affairs Chicago, Illinois For 85 years, the Council has promoted the idea that the United States should take a leading role in addressing global challenges. And it has done so consistently through the years, even during times when isolationism was more fashionable. Content Type(s): Press, Speeches and appearances, Remarks
May 15, 2007 Government Borrowers Forum Remarks David Dodge Government Borrowers Forum Montréal, Quebec We are all interested in seeing the continued development of international capital markets, as part of the advancement of a market-based, liberalized trade and financial regime. Let's remember that an open, market-based economic system is increasingly vital, in a world where change is driven by the development of new technologies and modes of competition; and where adjustments are occurring all the time. Content Type(s): Press, Speeches and appearances, Remarks
May 10, 2007 A Sound Pension System – Handling Risk Appropriately Remarks David Dodge Conference Board of Canada 2007 Pensions Summit Toronto, Ontario It goes without saying that a sound system of private pensions is important from the perspective of pensioners who rely on a given plan for their retirement income. For firms, a pension plan can help to attract and retain staff, and so the business community also counts on a sound pension system. Content Type(s): Press, Speeches and appearances, Remarks
May 4, 2007 The Importance of Appropriate Exchange Rate Regimes Remarks David Dodge ACI - The Financial Markets Association Montréal, Quebec Why do I think that such an order is so important? Well, in part it's because history has helped to demonstrate its virtues. But it's also extremely important to bear in mind the context, that is, the world in which we live today. This is a world in which adjustment is perpetual, where change is driven by the development of new technologies, where sectors and nations continually attempt to secure some new advantage. And in this world, price signals from markets help us to understand what adjustments are needed. Content Type(s): Press, Speeches and appearances, Remarks
April 12, 2007 Dealing with Uncertainty in the Conduct of Monetary Policy Remarks Sheryl Kennedy Montréal CFA Society Montréal, Quebec The main goal of monetary policy is to help the country achieve strong, sustainable economic performance, and, in doing so, to contribute to rising living standards for Canadians. Experience has shown that the best way for a central bank to meet this goal, given the instruments at its disposal, is by keeping inflation low and stable. Low and stable inflation increases confidence in the future value of money, and allows for clear price signals. Content Type(s): Press, Speeches and appearances, Remarks
March 29, 2007 Promoting Sound Economic Policies Globally and Locally Remarks David Dodge Americas Society and the Council of the Americas New York, New York In my opinion, much of this performance can be credited to the increasingly widespread acceptance of the need for a liberalized worldwide financial and trade order. Many countries that once closed themselves to the outside world are now actively engaged in the global economy. Content Type(s): Press, Speeches and appearances, Remarks
March 8, 2007 Meeting Global Economic Challenges: The Need for Flexibility Remarks David Dodge Calgary Chamber of Commerce Calgary, Alberta Our primary objective at the Bank is to promote the economic and financial welfare of Canadians. Over the years, we have learned that the best contribution that monetary policy can make in this regard is to give Canadians confidence in the future value of their money. We do this by keeping inflation low, stable, and predictable. Content Type(s): Press, Speeches and appearances, Remarks
February 22, 2007 Adjusting to Economic Change Remarks Sheryl Kennedy Greater Saskatoon Chamber of Commerce Saskatoon, Saskatchewan The past five years have indeed been a period of great and relatively rapid economic change, both here in Saskatchewan and across the country. In my remarks today, I'd like to describe this change and discuss its significance to our economic well-being. Content Type(s): Press, Speeches and appearances, Remarks