Canada's Dodge on adjusting to change

In the speech 'Adjusting to change' given on 15 June, David Dodge of the Bank of Canada said nations are being affected by the same powerful forces - growing competition from emerging-market economies, such as China and India, and large and growing financial imbalances in the United States and Asia.

"The growth of emerging-market economies has driven up demand for commodities, and that has pushed up the world prices for oil and many other commodities that we produce in Canada. Meanwhile, the

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