Dodge on promoting Canada's economic welfare

SPEECH - In the speech 'Promoting Canada's Economic and Financial Welfare' David Dodge of the Bank of Canada said Canada's inflation target, which aims to keep the rate at the mid point of a 1-3 per cent range, has firmly anchored expectations at the 2 per cent target since its introduction over a decade ago. The target, Dodge said, has allowed Canada to avoid the boom-and-bust pattern seen in earlier decades.

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