Press
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20 February 2002 Bank of Canada Governor reviews Canada's experience with inflation targets and a flexible exchange rate
In a speech to the Canadian Society of New York, Bank of Canada Governor David Dodge said today that Canada's monetary policy framework, based on an explicit inflation-control target and a flexible exchange rate, "has contributed importantly to putting the Canadian economy back on the right path to longer-term prosperity." -
20 February 2002 Canada's Experience with Inflation Targets and a Flexible Exchange Rate: Lessons Learned
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.