May 14, 2002 International Financial Architecture and the Resolution of Financial Crises Remarks David Dodge Canadian Club of Ottawa and the Canadian Institute of International Affairs Ottawa, Ontario The preamble to the Bank of Canada Act calls on us to promote the economic and financial welfare of Canada. In this context, we aim to foster good economic performance through monetary stability - that is to say, through low, stable, and predictable inflation. But no market economy can function properly unless it is also supported by an efficient and stable financial system. Content Type(s): Press, Speeches and appearances, Remarks
May 9, 2002 Canadian Consul General's residence Remarks David Dodge Luncheon at the Canadian Consul General's residence Chicago, Illinois In Canada, the economic weakness that we experienced was really concentrated in the third quarter of last year, particularly in September. The terrorist attacks in September created a great deal of uncertainty, and so the Bank of Canada, like the U.S. Federal Reserve, provided an extraordinary amount of stimulus by aggressively lowering interest rates. Content Type(s): Press, Speeches and appearances, Remarks
March 26, 2002 The Conduct of Monetary Policy in the Presence of Economic Shocks Remarks David Dodge National Association for Business Economics Washington, D.C. Globalization - the trend towards greater economic integration around the world - has brought important benefits to us all. It has boosted world trade, opened up access to sources of global finance, and facilitated the diffusion of far-reaching technological advances in transportation, communications, and information processing. Content Type(s): Press, Speeches and appearances, Remarks
March 12, 2002 Monetary Policy Choices: The Canadian Experience Remarks David Dodge Chambre de Commerce France-Canada and Les Canadiens en Europe (France) Paris, France Over the years, both Canada and France have had to make decisions about the framework guiding monetary policy. The authorities in the two countries have made choices that reflect the differences in our economies. Content Type(s): Press, Speeches and appearances, Remarks
February 20, 2002 Canada's Experience with Inflation Targets and a Flexible Exchange Rate: Lessons Learned Remarks David Dodge Canadian Society of New York New York, New York The Canadian economy has undergone a dramatic transformation over the past decade. And it has emerged as a low-inflation economy, with declining levels of public and foreign debt and a private sector that is more cost-conscious, productive, and efficient, thanks to restructuring and investments in new technology. Content Type(s): Press, Speeches and appearances, Remarks
January 31, 2002 Bank of Canada's outlook for the Canadian economy Remarks David Dodge Meeting in New York with Canadian banks and the investment community The immediate impact and the fallout from last September's events introduced new layers of uncertainty into the economic picture, compounding the effects of a deepening global economic slowdown that had become more evident during the summer. Content Type(s): Press, Speeches and appearances, Remarks
January 29, 2002 Inflation Targeting During a Difficult Year Remarks David Dodge Saskatoon and District Chamber of Commerce Saskatoon, Saskatchewan One of the main benefits of the targets is that they help the economy to run more smoothly when there are surprises in the level of demand for Canadian goods and services. Content Type(s): Press, Speeches and appearances, Remarks
January 28, 2002 Challenges and Changes in an Eventful Year Remarks David Dodge Canadian Club of Winnipeg Winnipeg, Manitoba The main economic concern of the past year was the slowdown that occurred not just here in Canada, but in most major economies. Compounding the economic concerns were the 11 September terrorist attacks in the United States. Content Type(s): Press, Speeches and appearances, Remarks
January 5, 2002 Inflation Targeting in Canada: Experience and Lessons Remarks David Dodge Central Bank Governor's Panel on Inflation Targeting at a joint session of The American Economic Association and the North American Economics and Finance Association Atlanta, Georgia In the 1970s and 1980s we found - in common with many other countries - that high and variable rates of inflation created a lot of economic damage. And it took a long time and a lot of work with various monetary policy frameworks before we got back on track. Content Type(s): Press, Speeches and appearances, Remarks
October 24, 2001 The Canadian Economy: Current and Future Challenges Remarks David Dodge Greater Moncton Chamber of Commerce and the Conseil économique du Nouveau-Brunswick Moncton, New Brunswick All of us at the Bank of Canada share a deep sorrow at the loss of so many lives in the 11 September terrorist attacks in the United States. Among those who died were innocent citizens of many nationalities, including Canadians. To their families, friends, and colleagues we extend our heartfelt sympathy. Content Type(s): Press, Speeches and appearances, Remarks