Dodge on Canada's monetary policy

In a speech to the Senate Committee on Banking, Trade and Commerce given on 24 November, David Dodge of the Bank of Canada said he remained "broadly comfortable" with the key economic assumptions underlying the current monetary policy of the Bank of Canada.

"The base-case projection in our October Report assumes further reduction of monetary stimulus over time, to keep the economy near its production potential and to achieve the inflation target," Dodge told the senators.

"While we remain broadly

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