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 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
November 14, 2005 Inflation Targeting in Canada: Design, Lessons, and Challenges Remarks David Dodge Conference on the occasion of the 80th anniversary of the Banco de Mexico Mexico City, Mexico Today, I want to share with all of you Canada's perspective on the design of an inflation-targeting system, some of the lessons we have learned over almost 15 years of experience with explicit inflation targets, and some of the challenges that remain. This topic is timely, because the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year, and I am pleased to note that, earlier today, the Government announced its intention to renew our agreement for another five years. Content Type(s): Press, Speeches and appearances, Remarks
November 9, 2005 Economic and Financial Efficiency: The Importance of Pension Plans Remarks David Dodge Association des MBA du Québec (AMBAQ) Montréal, Quebec Over the past year, I have spoken a number of times on the topic of efficiency, and why it is so important for Canadian policy-makers to keep in mind the goal of an efficient financial system. Today, I want to talk about Canada's system of pension plans and how they contribute to the efficiency of financial markets and of the economy as a whole. Content Type(s): Press, Speeches and appearances, Remarks
November 4, 2005 International symposium of the Banque de France Remarks David Dodge International symposium of the Banque de France Paris, France As globalization intensifies, more and more regions are realizing the benefits of open trade and capital account liberalization. But with increased globalization also comes increased exposure to shocks originating outside each country's borders. Content Type(s): Press, Speeches and appearances, Remarks
October 25, 2005 RCMP management retreat Remarks David Dodge RCMP management retreat Ottawa, Ontario It's not surprising that the Bank of Canada is interested in promoting economic integrity. After all, the Bank of Canada Act mandates us, as far as possible within the scope of monetary policy action, to "promote the economic and financial welfare of Canada." Content Type(s): Press, Speeches and appearances, Remarks
September 22, 2005 Financial System Efficiency: Getting the Regulatory Framework Right Remarks David Dodge Toronto CFA Society Toronto, Ontario The Bank of Canada has been contributing to the goal of an efficient financial system in a number of ways. The Bank's monetary policy aims to keep inflation low, stable, and predictable. Content Type(s): Press, Speeches and appearances, Remarks
September 9, 2005 The Evolution and Resolution of Global Imbalances Remarks David Dodge Spruce Meadows Roundtable Calgary, Alberta Today, I will talk about two types of global economic imbalances. The first relates to the way that savings and investment are being distributed across countries in an increasingly uneven way. The second is the possibility that, over the next couple of decades, the global economy might face a protracted period in which desired savings exceed planned investment, partly because of demographic trends. Content Type(s): Press, Speeches and appearances, Remarks