Education

Queen's University, BA (Economics, Hons.) Princeton University (USA), PhD (Economics), 1972 

David A. Dodge O.C.

Senior Advisor

T: 613.683.2304 / E: dodged@bennettjones.com

Ottawa

During a distinguished career in the federal public service, Mr. Dodge held senior positions in the Central Mortgage and Housing Corporation, the Anti-Inflation Board, and the Department of Employment and Immigration. After serving in a number of increasingly senior positions at the Department of Finance, including that of G-7 Deputy, he was Deputy Minister of Finance from 1992 to 1997. In that role, he served as a member of the Bank of Canada's Board of Directors.

In 1998 he was appointed Deputy Minister of Health, a position he held until his appointment as Governor of the Bank of Canada.

Mr. Dodge, appointed Governor of the Bank of Canada, effective 1 February 2001 for a term of seven years, retired on 31 January 2008. From July 2008 to June 2014, he served as Chancellor of Queen's University. From 2009 to 2015, he was a member of the board of directors of Canadian Utilities Limited, ATCO Limited and the Bank of Nova Scotia.

Mr. Dodge is Senior Advisor at Bennett Jones LLP one of Canada's leading law firms. He also serves on the board of the Canadian Institute for Advanced Research, and Chairs the National Council of the C.D. Howe Institute.

A native of Toronto, Mr. Dodge received a bachelor's degree (honours) from Queen's University, and a PhD in economics from Princeton.

During his academic career, he taught economics at Queen's University; at the School of Advanced International Studies, Johns Hopkins University; at the Faculty of Commerce at the University of British Columbia; and at Simon Fraser University. He also served as Director of the International Economics Program of the Institute for Research on Public Policy. Mr. Dodge has been awarded honorary degrees from a number of Canadian universities. In 2009, he was elected a fellow of the Royal Society of Canada.

Recent Insights, News & Events

• Unhelpful But Not Totally Surprising: David Dodge On Budget 2024
  In The News / April 18, 2024
  David Dodge joins BNN Bloomberg to talk about his major takeaways from the recent federal budget. He says it is "unhelpful but not totally surprising" that the budget once again focuses on consumption instead of promoting investment to increase productivity, He says the capital gains tax increase will make Canada a less attractive place to invest and establish small start-ups. "That is the unfortunate thing, because it is only through innovative investment that we're going to raise our standards of living in the future," David says.
• The Time to Start Solving Canada's Big Fiscal Problems is Now
  In The News / March 05, 2024
  David Dodge joins BNN Bloomberg to talk about some of the fiscal considerations for the federal government as it prepares to table its 2024 budget. David says the biggest issue is there is too much spending on consumption and not enough on investment to make the economy more productive. This is a long-standing issue in Canada and has to be addressed now.
• America is Headed for a Debt Crisis like Canada's in the '90s
  In The News / January 11, 2024
  David Dodge and John Manley appear on the front page of the Financial Post in a story on why the United States is staring down a fiscal crisis reminiscent of the one Canada endured in the 1990s—and how the United States could learn a thing or two from the difficult decisions its northern neighbour took to remedy it.
• What Can Canada Teach the United States on Fiscal Policy?
  In The News / January 09, 2024
  John Manley and David Dodge appear on a Rosenberg Research webcast to discuss the similarities between Canada's fiscal crisis 30 years ago and what the United States is facing today—where the cost of servicing the debt is spinning out of control and siphoning the revenue base at an alarming rate. 
• Ottawa Must Refocus Spending On Boosting Investment, Not Consumption
  In The News / December 12, 2023
  The Financial Post covers Bennett Jones' latest Economic Outlook, The Long-Term Is Now. The report explains why Canada's federal government must refocus spending on boosting investment instead of consumption to address Canada’s sluggish productivity growth. 
• What Canada Needs to do to Raise its Standards of Living
  In The News / December 12, 2023
  David Dodge appears on BNN Bloomberg to share the highlights of Bennett Jones' latest Economic Outlook. He says that Canada is at a point where our long-term standard of living will erode if we don't act now.
• Economic Outlook: The Long Term Is Now
  Event / December 11, 2023
  Our 2024 Economic Outlook presentation features David Dodge, OC and Serge Dupont as they review the state of the economy, present scenarios for the next two years, and set out a context for long-term business planning. Moderated by Claire Kennedy, the discussion addressrs how Canadian governments and businesses may navigate a complex interplay of short- and long-term economic forces.
• Canada Needs An Economic Strategy Focused On Investment, Not Consumption
  In The News / December 11, 2023
  David Dodge speaks with the Globe and Mail about Bennett Jones' latest Economic Outlook and how critical it is for Canada to overhaul its economic policy model to address its serious productivity problems.
• 2024 Economic Outlook: The Long-Term Is Now
  Updates / December 11, 2023
  The global and Canadian economies are still adjusting to the shocks of COVID and war. Inflation remains elevated, and monetary conditions are restrictive. There are legacies, in particular high public and private debt. Concurrently, the forces of demographic ageing, climate change, and digitalization are intensifying in a new fragmented world, transforming our economies, and requiring more public and private investment. These two factors—short-term adjustment and structural change—set the background for our 2024 Economic Outlook.
• David Dodge Says The Federal Fiscal Bender Is Finished
  In The News / September 28, 2023
  The National Post writes an opinion column on David Dodge’s recent appearance before the House of Commons finance committee: David Dodge was like the grown-up handing out black coffee and aspirins the morning after a night of teenage bacchanalian excess. The former Bank of Canada governor was testifying on Monday and his message was unequivocal: The party’s over.
• Former Central Bank Governor Warns Canada Faces More Austere Future
  In The News / September 28, 2023
  The Epoch Times writes about David Dodge testifying before the House of Commons finance committee and telling members that in the coming years, Canadians at every level of society will be facing financial challenges and making sacrifices.
• David Dodge: Canada Must Adapt To Rapid and Extensive Structural Changes
  Speaking Engagements / September 28, 2023
  David Dodge appeared before the House of Commons Standing Committee on Finance on September 25, 2023 as a witness in the pre-budget consultations in advance of the 2024 federal budget.
• Will Trudeau's Government Breach the David Dodge Rule?
  In The News / August 29, 2023
  The Financial Post reports on why the sharp escalation of global bond yields in recent weeks raises the prospect we may be in the middle of a structural shift to a world of permanently higher borrowing costs. This poses a problem for Canada's federal government, whose heavy borrowing over the past three years was premised on the idea that interest rates would remain at historically low levels.
• David Dodge on What the Second Quarter of the 21st Century Will Bring for Canada
  In The News / August 01, 2023
  David Dodge spoke with BNN Bloomberg about housing and labour markets in Canada, as well as the prospects for inflation and interest rates. 
• 'Sticky' Inflation Means Higher Interest Rates Could Last Longer Than Expected
  In The News / June 26, 2023
  Canadian Lawyer looks at the latest Bennett Jones Economic Outlook and why David Dodge does not expect any loosening of monetary policy in 2023. Rates will likely only come down gradually in 2024 and 2025, depending on the “stickiness” of inflation.
• Canada’s Outdated Banking and Payments System Costs Consumers Greatly: David Dodge
  In The News / June 22, 2023
  David Dodge writes in the Globe and Mail on why Canada’s outdated banking and payments system costs consumers greatly. The following is based on discussions at the Digitalization of Payments and Currency workshop, hosted recently by the Centre for International Governance Innovation and Bennett Jones. David co-authors the op-ed with Bob Fay, managing director of digital economy at the Centre for International Governance Innovation.
• Rein in Inflation or Risk a '70s Rerun, Warns David Dodge
  In The News / June 19, 2023
  David Dodge tells the Financial Post why the Bank of Canada has a year to 18 months to get inflation under control or risk a return to the "pretty awful era" between the mid-1970s and '80s characterized by a lack of pricing predictability and social upheaval. 
• Digitalization of Payments and Currency
  Updates / June 15, 2023
  Digitalization of Payments and Currency is a report of a virtual conference of international and Canadian experts, organized by Bennett Jones and the Centre for International Governance Innovation (CIGI) and held on March 7, 2023.
• Protectionism and Lack of Investment are Hobbling Canada's Economic Potential
  In The News / June 14, 2023
  The Financial Post reports on the latest Bennett Jones Economic Outlook and its message that Canada's economy isn’t focused enough on investment—a shortcoming that puts the country on a path to fall behind in competitiveness and experience a slow erosion of living standards.
• Economic Outlook: Playing the Long Game
  Event / June 12, 2023
  Our 2023 mid-year Economic Outlook analyzes recent developments, short-term prospects and risks, and long-term trends to inform business planning. David Dodge and Serge Dupont will present a baseline scenario for the Canadian and U.S. economies to the end of 2024. Looking beyond this horizon, they will discuss how governments and businesses can create the conditions to compete in a changing world and to grow the economy sustainably. Moderated by Claire Kennedy, this presentation of the Economic Outlook will include a Q&A session, offering you the opportunity to address your most pressing questions and concerns.
• Economic Outlook: Playing the Long Game
  Updates / June 12, 2023
  For the last three years, governments, businesses and workers have confronted a series of shocks and disruptions that have tested their agility and resilience. The pandemic, the war in Ukraine, supply chain constraints, swings in commodity prices, and higher inflation and interest rates, have demanded swift responses and adjustment. There are aftershocks, uncertainty and risk, and still a need to adapt. Navigating turbulent times remains a key function of policy and business planning. Yet, given forces shaping the world of tomorrow, it matters even more how governments and businesses plan to invest, innovate and create the conditions for sustainable growth over the longer term. This Economic Outlook entitled Playing the Long Game reviews recent developments and short-term prospects, sets out a baseline scenario and risks to assist business planning and describes some of the context for the longer term and key tasks ahead for Canadian governments and firms.
• Economic Outlook: Playing the Long Game
  Podcast / June 12, 2023
  This episode features insights into the short-term priorities to get Canada back on a path of non-inflationary growth and the longer term road ahead to closing the investment gap, increasing innovation and raising productivity growth. Looking beyond this horizon, the authors also discuss how governments and businesses can create the conditions to compete in a changing world and to grow the economy sustainably. Listen to our June 2023 Economic Outlook webinar, featuring former Bank of Canada Governor David Dodge and former Executive Director in the International Monetary Fund (IMF), Serge Dupont.
• Striking the Balance Between Price Stability and Financial Stability
  In The News / May 19, 2023
  David Dodge joins BNN Bloomberg to discuss the Bank of Canada's Financial Services Review and share his perspectives on where he sees the Bank going from here. He says a big challenge right now is that policies aimed to restore price stability can result in less financial stability. This is the dilemma being faced in Canada and by central banks around the world.
• Immaculate Disinflation in Canada? Don't Count On It
  In The News / April 13, 2023
  David Dodge tells Bloomberg why interest rates are bound to stay higher for longer, despite market bets that the central bank will lower borrowing costs later this year. 
• David Dodge on the Herle Burly Podcast
  In The News / February 13, 2023
  David Dodge joins the one-and-only David Herle on the Herle Burly Podcast for an in-depth discussion on the big, timely things shaping Canada's economy and its future. 
• High Interest Rates Have Turned a Hard Fiscal Anchor to From Advisable to Essential
  In The News / February 06, 2023
  The Globe and Mail writes on why high interest rates and high debt have left Canadian government finances far more at risk if their fiscal projections fall short. This is the underlying message of Assessing the Potential Risks to the Sustainability of the Government of Canada's Current Fiscal Plan, written by David Dodge and Richard Dion, in collaboration with Robert Asselin, Senior Vice President of Policy at the Business Council of Canada.
• Canadian Government Cannot Rely on More Borrowing to Fund Pledges
  In The News / January 27, 2023
  David Dodge joins BNN Bloomberg to talk about the risks associated with the federal government's fiscal policy plans in Budget 2022 and the November economic statement. He says it's likely the government will not have much more room to add more pledges in 2023 due to a lack of real resources.
• Why Ottawa's Plans to Restore Fiscal Balance Are On Shaky Ground
  In The News / January 26, 2023
  The Financial Post reports on David Dodge's warning that the federal government’s path back to fiscal balance may be more precarious than it seems, and could be disrupted by a number of daunting economic challenges in the coming decade. Ottawa faces the prospect that Canada’s two main fiscal anchors, the debt-to-gross domestic product ratio and a ratio measuring interest costs as a percentage of revenue, remain elevated for years.
• Canada's Spending Plans Will be Threatened by Higher Interest Rates and Looming Recession
  In The News / January 25, 2023
  The Toronto Star reports on why the federal government’s budget plan to grow the economy and get the public books in order is “unlikely” to work, given its evolving ambitious political promises, higher global interest rates and the “high likelihood of a more severe recession in 2023,” according to the new paper, Assessing the Potential Risks to the Sustainability of the Government of Canada's Current Fiscal Plan.
• David Dodge on Power Play: Canada's Fiscal Plan is Not the Full Story
  In The News / January 25, 2023
  David Dodge appears on CTV's Power Play to explain why the Government of Canada's current fiscal plan may not tell the full story of the country's financial path. He discussed the new paper, Assessing the Potential Risks to the Sustainability of the Government of Canada's Current Fiscal Plan, which he co-authored with Richard Dion. The report was prepared in collaboration with Robert Asselin, Senior Vice President of Policy at the Business Council of Canada.
• Federal Government is Underestimating Risks of Recession and Higher Interest Rates
  In The News / January 25, 2023
  David Dodge speaks with the Globe and Mail about how the federal government is underestimating the risks of a possible 2023 recession and prolonged high interest rates. David warns the government may have a hard time delivering on all their recent political commitments. The new Bennett Jones-Business Council of Canada paper, Assessing the Potential Risks to the Sustainability of the Government of Canada’s Current Fiscal Plan, says the government’s most recent fiscal forecast now appears to be based on a “plausible but optimistic” set of assumptions about the economy and future interest rates.
• Government of Canada Plays "Hide the Deficit" in Fiscal Planning
  In The News / January 25, 2023
  The Globe and Mail writes on why the deficit-busting David Dodge knows a thing or three about the consequences of misrepresenting the country’s finances. In the 1990s the game was “hide the surplus.” Today, the game the government of Canada is playing is “hide the deficit.”
• What Unrealistic Fiscal Planning Could Mean for Canada
  In The News / January 24, 2023
  David Dodge tells the National Post why the government of Canada is being too optimistic in its current fiscal planning, particularly when it comes to spending. The government claims that spending in real terms per capita will fall sharply over the next five years. David says, “We think that’s pretty unrealistic to think they’re going to achieve the goals of the budget with declining real spending per capita. That doesn’t align with what the government has said it wants to achieve."
• Assessing the Potential Risks to the Sustainability of the Government of Canada's Current Fiscal Plan
  Updates / January 23, 2023
  The purpose of this paper is to explore the way two fiscal anchors, the debt/GDP ratio and the interest cost revenue ratio, are likely to evolve over the decade ahead (2032-33) under five plausible economic scenarios and thus to assess the implications of these two anchors as a guide to sustainable fiscal policy actions. Our conclusion is that the fiscal plan as laid out in Budget 22 and the fall FES is unlikely to be sustainable over the decade ahead.
• Where the Canadian Economy and Bank of Canada Are Headed Next
  In The News / December 14, 2022
  David Dodge speaks with the Financial Post about the Bank of Canada's attempts to curb inflation, the size of future rate increases that may be required and highlights of the Bennett Jones Fall 2022 Economic Outlook.
• Canadian Lawyer on Bennett Jones Fall 2022 Economic Outlook
  In The News / December 12, 2022
  Canadian Lawyer writes on the release of Bennett Jones Fall 2022 Economic—Managing Risks and Taking Action.
• Interest Rates, Inflation and Canada's Economic Outlook
  In The News / December 09, 2022
  David Dodge appeared live on BNN Bloomberg to discuss the Bank of Canada's latest interest rate increase and Bennett Jones Fall 2022 Economic Outlook. On interest rates, David says that the Bank of Canada has gotten rates up to a point where they're having an impact, but it is not yet clear how much. On taming inflation, he says the direction of the central bank will depend on how sticky wages and prices will be in response to ending excess demand.
• Bennett Jones Fall 2022 Economic Outlook: Managing Risks and Taking Action
  Event / December 08, 2022
  In this presentation of the Bennett Jones Economic Outlook, senior advisors David Dodge, Serge Dupont and Jonathan Fried will discuss Canada's short-term economic prospects, the importance of advancing energy transition to meet global and domestic energy needs, the value of investing in human capital as the labour market tightens and structural trends that may inform business planning.
• Bennett Jones Fall 2022 Economic Outlook: Managing Risks and Taking Action
  Updates / December 07, 2022
  We present the Bennett Jones Fall 2022 Economic Outlook in a time of a slowing global economy, war and global trade tensions. Interest rates⁠—and prices in general⁠—have seen hikes and as the world attempts to navigate towards a post-COVID future, uncertainty remains a major theme in economic rhetoric. Our actions now will shape the decade ahead⁠ and there is opportunity for businesses to make the most of the current global landscape⁠—investing, investing, investing. In making the most of our situation, from the downsides of external factors to our privilege in resource accessibility, Canada can begin to close the gap between our current state and our tremendous upside potential.
• Bank of Canada Did 'The Right Thing' By Increasing Interest Rate Quickly
  In The News / November 01, 2022
  In an interview on CTV’s Question Period, David Dodge says the current head of the central bank made the right decision to increase the key interest rate as quickly as he did in an effort to staunch inflation.
• Interest Rates and Inflation: Balancing the Risks
  In The News / October 31, 2022
  David Dodge appears on Power & Politics to discuss the Bank of Canada's latest interest rate increase and overall monetary policy. He says the Bank is now engaged in a balancing act of lowering inflation through higher rates—and the risk of not doing enough is greater than the risk of doing too much.
• Interest Rates in a Supply-Constrained World
  In The News / October 12, 2022
  David Dodge joins BNN Bloomberg to comment on how Canada and the U.S. are in a supply-constrained situation – unlike the demand-constrained scenario of 2010-2020 – and that interest rates will remain higher for that reason. He says the central banks are working under great uncertainty, and sees a terminal rate of 4-4.25 per cent in Canada as a likely outcome of the ongoing rate hikes.
• David Dodge on What a Supply-Constrained Economy Means For Canada
  Speaking Engagements / October 11, 2022
  David Dodge appeared before the Standing Senate Committee on Banking, Commerce and the Economy to testify on the state of the economy and inflation. He told the Committee that we are living in a supply-constrained world in which demand will tend to exceed the capacity of the economy to supply goods and services—and explained what this means for Canadian businesses.
• David Dodge on Inflation and the Canadian Economy
  Announcements / September 21, 2022
  David Dodge, former Governor of the Bank of Canada, will appear before the Senate of Canada's Standing Committee on Banking, Commerce and the Economy on Thursday, September 22, 2022 to testify on the state of the economy and inflation.
• Feds Shouldn't Add 'Fuel to the Fire' as Inflation Soars: David Dodge
  In The News / July 29, 2022
  David Dodge appears on BNN Bloomberg to talk about why Canada's federal government needs to “postpone some of the expenditure enhancements” from the last budget in order to help get inflation back under control.
• U.S. Fed Rate Increase Sensible, Although a Bit Late: David Dodge
  In The News / June 23, 2022
  David Dodge joins BNN Bloomberg and says it is clear central banks need to get interest rates up to neutral in North America and signal to the world they are no longer providing the accommodations they did during the pandemic.
• Spring 2022 Economic Outlook: An Uncertain, Supply-Constrained World
  Event / June 22, 2022
  A global economy still adjusting to COVID is now facing added uncertainties posed by the war in Ukraine, sanctions against Russia, supply disruptions and shortages, fragmentation of the trade environment, rising costs, and financial market vulnerability. After years of demand deficit, the global and Canadian economies are now in supply deficit.
• Financial Post on Bennett Jones Economic Outlook
  In The News / June 16, 2022
  David Dodge speaks with the Financial Post about the Bennett Jones Spring 2022 Economic Outlook. He points to the difficult mix of economic challenges that policymakers are facing—from the Russian invasion of Ukraine, to supply chain breakdowns to rampant inflation—and why they’re going to need a few things to break their way to manage through it with as little pain as possible.
• Bennett Jones Spring 2022 Economic Outlook
  Updates / June 16, 2022
  A global economy still adjusting to COVID is now facing added stresses posed by the war in Ukraine, sanctions against Russia, supply disruptions, fragmentation of the trade environment, inflation, and financial market vulnerability. After years of shortage of demand, policy authorities and businesses in Canada and globally have to deal with a supply-constrained world. In this presentation of the Bennett Jones Economic Outlook, senior advisors David Dodge and Serge Dupont will review how the economic outlook will be shaped by the interaction of many global factors. They will discuss the challenge of central banks and governments to bring demand and supply into better balance, and the challenge of businesses to capitalize on opportunity and to invest in the future while preparing for potential adverse economic scenarios. 
• Bennett Jones Spring 2022 Economic Outlook: Planning in an Uncertain, Supply-Constrained World
  Updates / June 16, 2022
  We present this Bennett Jones Spring 2022 Economic Outlook in a period of great uncertainty. A war in Europe and the ongoing COVID-19 pandemic, in addition to exerting a devastating human toll, have reverberated through the global and Canadian economies. How these and other external forces will evolve, and how policy authorities worldwide will respond, are unknowns that make the development of economic projections and business plans unusually hazardous.
• Deciding on a Digital Dollar: The Necessary Steps for Canada
  Updates / June 16, 2022
  On April 26, 2022, the Centre for International Governance Innovation and Bennett Jones LLP hosted a virtual workshop with international and Canadian experts, from the public and private sectors as well as academia, on the steps required for Canada to keep pace with global developments in the digitalization of money.
• David Dodge on Lessons on Inflation From the 1970s: Globe and Mail
  In The News / May 06, 2022
  David Dodge speaks with the Globe and Mail about how inflation today compares to the crisis of the 1970s. 
• David Dodge on the Federal Budget
  In The News / April 13, 2022
  David Dodge joins BNN Bloomberg to assess the case for the central bank in raising rates. 
• David Dodge on Interest Rates and Inflation in Canada
  In The News / April 01, 2022
  David Dodge appears on BNN Bloomberg to discuss the need for the Bank of Canada to increase interest rates quickly with inflation running at a three-decade high.
• Bank of Canada Needs to 'Move Quickly' to Combat Inflation
  In The News / March 02, 2022
  David Dodge appears on BNN Bloomberg to share his insights on what the Bank of Canada might do over the next 12-14 months on interest rates and controlling inflation.
• David Dodge on Inflation, Supply Constraints and Investment
  In The News / January 25, 2022
  David Dodge appeared live on BNN Bloomberg to share his thoughts on: prospects for inflation in Canada for 2022-2023; longer term constraints on supply; implications for government policy to facilitate investment; and implications for monetary policy.  
• David Dodge and Serge Dupont: Canada Needs a Credible Plan for a Prosperous Future
  In The News / December 13, 2021
  The Hill Times reports on the Bennett Jones Fall 2021 Economic Outlook. David Dodge and Serge Dupont warn that Canada has no credible plan for long-term growth to a secure a prosperous future.
• Renewal of Canada's Monetary Policy Framework
  In The News / December 09, 2021
  David Dodge comments in the Globe and Mail on the upcoming announcement by Canada's Minister of Finance to renew the Bank of Canada's mandate.
• Bennett Jones Fall 2021 Economic Outlook: Closing the Investment Gap
  Updates / December 08, 2021
  Economic activity and employment in Canada and in advanced economies continue to show a rapid, vigorous recovery. In a normal business cycle, businesses would now be stepping up plans to hire, to invest and to take advantage of the rebound of demand globally and domestically. To some extent, this is happening. In fact, employment in Canada has already regained its-pre-pandemic level. However, there are near-term uncertainties and pressures. The greatest uncertainty is the future evolution of the pandemic and its potential impact on the economy. There is public fatigue in continually adapting public health measures, the activity of daily life and the workplace to counter COVID and its variants. Yet, businesses have no choice but to be prepared for different scenarios in conducting and planning their activities.
• David Dodge Featured in Reuters on Inflation Rates
  In The News / October 28, 2021
  David Dodge is featured in Reuters, commenting on the Bank of Canada's warning that inflation will persist well into next year and that interest rates are likely to start moving higher sooner than previously thought.
• David Dodge on What Should Be Next for Canada's Economy at Canadian Club
  Speaking Engagements / October 27, 2021
  Canadian Club Toronto hosts David Dodge in conversation with Kim Parlee, Vice President of TD Wealth, to discuss debt ratios, economic policy, what should be next on Canada’s economic agenda and more. 
• Canada and the Digitalization of Money
  Articles / October 21, 2021
  Canada and the Digitalization of Money is a report of a virtual conference of international and Canadian experts, organized by Bennett Jones and the Centre for International Governance Innovation (CIGI) and held on August 25, 2021.
• Digital Money Is An Opportunity for Canada—If We Seize It
  Articles / October 21, 2021
  David Dodge and Robert Fay, managing director of digital economy at the Centre for International Governance Innovation (CIGI), write in the Globe and Mail on three essential steps that Canada must take to fully harness the digitalization of money.
• David Dodge on Monetary Policy and the Canadian Election
  In The News / August 20, 2021
  David Dodge joins BNN Bloomberg to discuss monetary policy and the upcoming Canadian federal election. David says, "the new government has a very important set of decisions to make coming up on monetary policy and in terms of the renewal of the agreement with the Bank of Canada."
• David Dodge on Inflation Risk in Canada
  In The News / July 29, 2021
  David Dodge speaks with Bloomberg News on why Bank of Canada officials need to “temper their enthusiasm” that strong inflation readings will be short-lived.
• David Dodge and Serge Dupont on Canada's Economic Outlook in Canadian Lawyer
  In The News / July 06, 2021
  David Dodge comments on Canada's economic outlook and Serge Dupont explains why the country needs a growth strategy in Canadian Lawyer. 
• David Dodge on Canada's Economic Recovery on BNN Bloomberg
  In The News / June 23, 2021
  David Dodge joins BNN Bloomberg to share his insights on Canada's recovery and Bennett Jones' Spring 2021 Economic Outlook. David expects to see very strong growth from the second half of this year to H2 2022. 
• Bennett Jones Spring 2021 Economic Outlook: Beyond COVID
  Event / June 22, 2021
  Over one year into the pandemic, there is light at the end of the tunnel for the Canadian economy. The recovery is robust and, while there are risks, short-term prospects are positive. In this presentation of the Bennett Jones Economic Outlook, David Dodge and Serge Dupont discuss how governments and businesses together may facilitate and accelerate the investments necessary to transform our energy system, digitize our economy, grow our human capital and our productivity, and capture global market share.   
• Bennett Jones Spring 2021 Economic Outlook: Beyond COVID
  Updates / June 22, 2021
  While economic recovery from the pandemic to date, internationally and in Canada, has been uneven and bumpy, a large share of output and jobs have been regained, and the prospects for advanced economies are strong. If immediate attention must still be focused on overcoming the pandemic durably, the time is right for Canada to look beyond COVID, and to articulate and execute a strategy for investment and long-term improvement in our competitiveness, productivity, and standard of living.
• Supplement to the Spring 2021 Economic Outlook: Beyond COVID
  Updates / June 10, 2021
  The planned levels of deficits and debt in the latest budgets of the federal and four provincial governments are reasonable projections for the years to FY 2023-24, if governments actually adhere to the spending and revenue plans laid out in those budgets.
• David Dodge on Inflation in Canada on BNN Bloomberg
  In The News / May 19, 2021
  David Dodge appeared live on BNN Bloomberg to discuss Canada's "not unexpected" rising rate of inflation, as reported in April 2021's Consumer Price Index. 
• David Dodge on BNN Bloomberg: Federal Budget Too Focused on Consumption
  In The News / April 30, 2021
  David Dodge joins BNN Bloomberg to share his outlook on Canada's latest federal budget. David says the budget is too focused on consumption and not enough on the investment needed to grow the Canadian economy. 
• David Dodge on the Need to Focus on Growth in Canada
  In The News / April 29, 2021
  David Dodge comments in the Globe and Mail on the recently announced federal budget and the need for policies that focus on growing the Canadian economy. 
• David Dodge's Federal Budget Look Ahead on BNN Bloomberg
  In The News / April 16, 2021
  David Dodge joined BNN Bloomberg live to discuss what might be expected in the upcoming federal budget, and Canada's best strategies to build a stronger economy as we continue to move through the pandemic and beyond.
• David Dodge and Michael Horgan in Globe and Mail on Fiscal Anchors
  In The News / February 24, 2021
  David Dodge and Michael Horgan's op-ed, "With a federal budget pending, do fiscal anchors still matter?" appears in the Globe and Mail's Report on Business section. David and Michael write that as Chrystia Freeland makes choices in her first budget as Finance Minister, two critical markers will come immediately in view: the deficit for the next fiscal year and the fiscal track for the medium term.
• David Dodge: Canada Slow to Invest to Boost Productivity
  In The News / December 16, 2020
  David Dodge joined BNN Bloomberg to discuss how Canada has been slow to invest in new technology to boost productivity.
• Understanding Canada's Economic Future
  Speaking Engagements / December 15, 2020
  David Dodge is featured in A Strategic Reboot for Canada to Get Going of Veritas Investment Research Fact-Finding Video Conferences. In conversation with Anthony Scilipoti, David discusses: [...]
• David Dodge on Resource Innovation in the Oil Sands
  Speaking Engagements / December 09, 2020
  David Dodge speaks at the Resource Innovation Forum on the main ESG issues and opportunities in Canada's oil sands.
• Bennett Jones Fall 2020 Economic Outlook
  Updates / December 07, 2020
  Nine months into the pandemic, the short-term economic outlook for Canada entering 2021 is strikingly different than one year ago. Yet structural trends—such as the digital transformation of the economy—remain and in some cases have been accelerated. Canada, its governments and its businesses, have to address the impacts of the COVID-19 crisis while developing strategies and building momentum for longer-term prosperity, all against the backdrop of a challenging global geo-political environment. The Outlook sets a context for businesses to plan by reviewing economic scenarios for the next two years and analyzing global and domestic policy factors that could shape the business environment in the years ahead.
• David Dodge in Canadian Press: Growth Investing Needed in Economic Recovery
  In The News / December 02, 2020
  David Dodge comments in Canadian Press on why Canada must shift its attention to investing for economic growth as the world recovers from the COVID-19 pandemic downturn over the next few years.
• Bennett Jones Annual Business Forum: A Virtual Experience for 2020
  Announcements / November 23, 2020
  The 2020 Bennett Jones Lake Louise World Cup Business Forum will be held on November 27 as an informative and interactive virtual experience. The event will be a unique opportunity to live-stream keynote speakers while participants contribute both intellectually and socially.
• David Dodge on the Fear Factor and the Economy
  In The News / November 17, 2020
  David Dodge appears live on BNN Bloomberg to talk about the importance for the pandemic fear factor—which is holding the economy back—to dissipate.
• David Dodge on Rebuilding the Canadian Economy
  In The News / September 21, 2020
  David Dodge appears in a Government Analytics podcast with Jack Mintz on the decisions facing Canadian governments, businesses and key regulatory authorities as Canada continues to respond to the pandemic [...]
• David Dodge on BNN Bloomberg: Investment in Productivity and the Economic Recovery
  In The News / September 17, 2020
  David Dodge appeared live on BNN Bloomberg to discuss why Canada needs to invest in areas that will ramp up productivity and help accelerate future growth in the COVID-19 economic recovery. One area [...]
• David Dodge on Canada’s Twin Deficits and How to Scale Them
  Articles / September 15, 2020
  David Dodge writes on Two Mountains To Climb: Canada’s Twin Deficits and How to Scale Them for the Public Policy Forum. David looks at why Canada must come to grips not just with a massive fiscal [...]
• Bennett Jones Spring 2020 Economic Outlook: Charting a Path for Canada
  Event / June 09, 2020
  The Outlook reviews the global economic context and the evolution of key economic and policy parameters for business planning. Following an analysis of the early impact of the COVID-19 crisis, the presentation describes scenarios for the global and Canadian economies over the next 18 months.
• Bennett Jones Spring 2020 Economic Outlook
  Updates / June 08, 2020
  The COVID-19 pandemic has triggered the most severe economic shock since the Great Depression. Despite massive intervention by central banks and governments, real output in the advanced economies likely fell in mere weeks by more than 10% from its level at the end of 2019. A number of factors complicate a recovery from this unprecedented crisis: unknowns about the evolution of the pandemic; lack of global policy coordination; the uncertain behaviour of consumers as lockdowns are eased; the high debt levels of households, businesses and governments going into the crisis; the risk of permanent loss of capacity as the crisis endures; and the impact on investor confidence of uncertainty about the post-COVID-19 world.
• Deferring GST/HST Remittances in Response to COVID-19
  In The News / March 21, 2020
  David Dodge, Serge Dupont and Michael Horgan say that as Canada's federal government responds to the COVID-19 pandemic, the next target — one that would help businesses of all sizes across the country [...]
• David Dodge in Globe and Mail on Federal Action on Coronavirus
  In The News / March 16, 2020
  David Dodge comments in the Globe and Mail on action the federal government can take to build a financial bridge to help businesses and Canadians impacted by the coronavirus.
• David Dodge on BNN Bloomberg on COVID-19 and the Economy
  In The News / March 13, 2020
  David Dodge appears live on BNN Bloomberg to share his insights on what the coronavirus pandemic will mean for the Canadian economy and what the federal government and the Bank of Canada could do. David served as Governor of the Bank of Canada during the SARS epidemic.
• David Dodge on Independent Central Banks in the New Economy
  Announcements / December 09, 2019
  David Dodge joins BNN Bloomberg to weigh in on the death of former U.S. Fed Chair Paul Volcker, and Stephen Poloz's plan to step down in 2020.
• Bennett Jones Hosts 17th Annual Lake Louise World Cup Business Forum
  Announcements / November 25, 2019
  The 2019 Bennett Jones Lake Louise World Cup Business Forum takes place on November 29 at the Fairmont Chateau Lake Louise.
• The Economic Outlook for Canada's Finance Minister
  In The News / November 25, 2019
  David Dodge comments in The Hill Times on what's next for Canada's Finance Minister in this period of global political and economic uncertainty.
• David Dodge's Economic Call to Action for Ottawa
  In The News / November 21, 2019
  David Dodge appears live on BNN Bloomberg to discuss the key fiscal and policy challenges for Canada's new federal Cabinet. David says the new minority government needs to focus on how to generate more [...]
• Bennett Jones Fall 2019 Economic Outlook in Vancouver
  Event / November 15, 2019
  David Dodge, former Governor of the Bank of Canada, and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Fall 2019 Economic Outlook. They will look at the complex global backdrop against which businesses and governments will conduct their affairs in the 2020s, including:
• Bennett Jones Fall 2019 Economic Outlook in Edmonton
  Event / November 14, 2019
  David Dodge, former Governor of the Bank of Canada, and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Fall 2019 Economic Outlook. They will look at the complex global backdrop against which businesses and governments will conduct their affairs in the 2020s, including:
• Bennett Jones Fall 2019 Economic Outlook in Calgary
  Event / November 13, 2019
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Fall 2019 Economic Outlook. They will look at the complex global backdrop against which businesses and governments will conduct their affairs in the 2020s, including:
• Bennett Jones Fall 2019 Economic Outlook in Toronto
  Event / November 12, 2019
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Fall 2019 Economic Outlook. They will look at the complex global backdrop against which businesses and governments will conduct their affairs in the 2020s, including:
• Bennett Jones Fall 2019 Economic Outlook
  Updates / November 12, 2019
  This is a special edition of the twice-yearly Bennett Jones Economic Outlook. In it, as always, we review the global economic and trade context and the short-term outlook for global and Canadian growth. In addition, we examine five key policy challenges that the Government of Canada and the minister of finance will confront and deal with in a new mandate.
• Economic Downturn? David Dodge Has a Plan for That
  In The News / November 11, 2019
  David Dodge talks with the Toronto Star about fiscal guidelines for federal government spending and what it might mean in the face of an economic downturn.
• David Dodge and Richard Dion in National Post
  In The News / October 26, 2019
  The National Post's coverage of Alberta's 2019 Budget includes commentary from David Dodge and Richard Dion's Pre-Budget Analysis of Government Finances. The February 2019 Analysis outlined the constraints that the provinces and the federal government face in the choices they can make in setting their budgets.
• David Dodge on Post-Election Canada on BNN Bloomberg
  Announcements / October 22, 2019
  David Dodge appeared live on BNN Bloomberg to provide his analysis on Canada's 2019 federal election. He spoke about: the importance of energy infrastructure and getting Canada's natural resources to new markets; how the above can be balanced with climate change policy; the challenges to the multilateral world trading order—and how Canada can respond; and the need to move the innovation agenda and the infrastructure agenda forward.
• David Dodge on Long-Term Economic Growth in Canada in Reuters
  In The News / October 15, 2019
  David Dodge comments in Reuters on why Canada’s political leaders should address the underlying problems limiting long-term economic growth ahead of this month's federal election.
• David Dodge in Reuters on Fiscal Wiggle Room in the Canadian Election
  In The News / September 30, 2019
  David Dodge comments in Reuters on how Canada's federal election candidates are making a range of pricey campaign promises ahead of October's vote
• David Dodge on BNN Bloomberg: The Economy and Election 2019
  In The News / September 24, 2019
  David Dodge appeared live on BNN Bloomberg to share his thoughts on the economic policies and promises on the agenda as the 2019 federal election campaign ramps up. These include: Canadian economic growth will be reasonable, but it's a time of uncertainty in international trade and geopolitics There isn't much discussion about competitiveness, deficits or debts in the election campaign—these should not be overlooked There's a discussion of where fiscal stimulus fits in right now at a time of continued low interest rates Government borrowing can be beneficial—if it improves the infrastructure that generates economic growth
• Bennett Jones Spring 2019 Economic Outlook in Vancouver
  Event / June 07, 2019
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Spring 2019 Economic Outlook. They will share their insights on the outlook for Canadian business in light of developments in government, economic and trade policies at home and abroad.
• Bennett Jones Spring 2019 Economic Outlook in Edmonton
  Event / June 06, 2019
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Spring 2019 Economic Outlook. They will share their insights on the outlook for Canadian business in light of developments in government, economic and trade policies at home and abroad.
• Bennett Jones Spring 2019 Economic Outlook in Calgary
  Event / June 05, 2019
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Spring 2019 Economic Outlook. They will share their insights on the outlook for Canadian business in light of developments in government, economic and trade policies at home and abroad.
• David Dodge on BNN Bloomberg Spring Economic Outlook
  In The News / June 05, 2019
  David Dodge appeared live on BNN Bloomberg for a one-on-one interview on Bennett Jones Spring 2019 Economic Outlook. 
• Bennett Jones Spring 2019 Economic Outlook in Toronto
  Event / June 04, 2019
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Spring 2019 Economic Outlook. They will share their insights on the outlook for Canadian business in light of developments in government, economic and trade policies at home and abroad.
• Bennett Jones Spring 2019 Economic Outlook
  Updates / June 04, 2019
  After a strong performance in 2017 and the first half of 2018, the global economy slowed markedly and is projected to grow at a more moderate but also more sustainable annual rate of 3.3% from 2019 to 2021. In Section I, we discuss our projections and the risks that need to be considered. We turn to a discussion of international trade developments and prospects in Section II, including the issues facing the World Trade Organization (WTO) and Canada. Building on the global economic and trade outlook, we set out the outlook for Canada over the next three years in Section III. In Section IV, we return to the analysis of the fiscal position of Canada and the four largest provinces, taking into account the evolving economic outlook and policies announced in 2019 budgets. As usual, we conclude with a summary of planning parameters for Canadian business over the 2019 to 2021 horizon.
• David Dodge Honoured With Queen’s Alumni Achievement Award
  Announcements / April 06, 2019
  David Dodge (Arts'65, LLD'02) was presented with the Alumni Achievement Award in Kingston, Ontario on April 6. This is the highest honour presented by the Queen’s University Alumni Association. Award winners demonstrate the high ideals imparted by a Queen’s University education through significant lifetime contributions. David was the Governor of the Bank of Canada from 2001 to 2008 and served as Queen’s Chancellor from 2008 to 2014.
• David Dodge on BNN Bloomberg
  In The News / March 04, 2019
  David Dodge appeared live on BNN Bloomberg to discuss why slow economic growth in Canada was expected in late 2018. He also talks about how to improve productivity as demographic changes continue to take hold. He says that investments in both capital equipment and human capital are needed to maximize new opportunities in technology and trade. David says of low interest rates in Canada, “When one carries (low interest rates) on for a very long period as we really did since 2008, one begins to change the structure of the economy itself—and we haven’t yet fully accommodated ourselves to that new structure.”
• David Dodge in Globe and Mail on Budget Season in Canada
  Announcements / February 21, 2019
  David Dodge comments in the Globe and Mail on the constraints the federal government and provinces are facing as they prepare their budgets for 2019. David says the federal government should be mindful [...]
• Pre-Budget Analysis of Government Finances
  Updates / February 19, 2019
  Governments are currently busy, or will be soon, preparing annual budgets that will be tabled in the months to come. The fiscal health and prospects of the provinces and federal government vary significantly. Whatever political, economic and social objectives they wish to pursue, in setting their budgets, ministers of finance are constrained by the tax, expenditure and public debt obligations that have been previously established and the always uncertain economic developments which will determine future revenue growth and expenditure obligations. They must set their own priorities for the coming years in the face of uncertain revenue prospects and existing financial constraints on the actions they can take. The purpose of this paper is to outline the constraints that the provinces and the federal government face in the choices they can make in setting their budgets. Our purpose is not to recommend to ministers of finance particular fiscal actions they should take, but rather to provide an analysis of where government finances stand at present, how they got there, what the constraints are on the ability of governments to take actions in the years ahead, and what the fiscal prospects to 2022-23 are likely to be. Based on this analysis, we provide an overview of the key fiscal issues facing the largest jurisdictions in the country, namely Québec, Ontario, Alberta, British Columbia, and Canada. In a final section, we analyze the impact on economic performance that the status quo budget projections are likely to have over the next five years, i.e., is fiscal policy likely to be stimulating growth or restraining it?
• David Dodge on BNN Bloomberg on Bennett Jones Economic Outlook
  Announcements / November 29, 2018
  David Dodge appeared live on BNN Bloomberg for a one-on-one interview to discuss the Bennett Jones Fall 2018 Economic Outlook.
• Bennett Jones Fall 2018 Economic Outlook in Toronto
  Event / November 28, 2018
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Fall 2018 Economic Outlook. They will share their insights on the outlook for Canadian business in light of developments in government economic and trade policies at home and abroad.
• Bennett Jones Fall 2018 Economic Outlook
  Updates / November 27, 2018
  The world economy has expanded at a solid rate in the first three quarters of 2018, although growth has been somewhat slower and less synchronized than during 2017. In the first half of the year, growth in OECD countries as a whole lost some of the strong above-trend momentum experienced throughout 2017. The slowing was most pronounced in the euro area where annualized growth fell from 2.7% during 2017 to 1.7% during the first half of 2018. Growth in other advanced economies was also weaker in the first quarter than in 2017, but did rebound strongly in the second quarter, notably in the United States and Japan. In 2018-Q3 growth continued to be brisk in the United States at 3.5% while growth in the euro area receded further to 0.7%. China and India continued to expand at a rapid pace in the first three quarters. In China, however, the manufacturing purchasing managers’ index fell in October to a level that barely exceeded the threshold that separates expansion from contraction, signaling that slower manufacturing activity is to be expected in the fourth quarter. Stronger oil prices benefited oil-producing countries this year, notably Russia. In contrast, growth in Brazil has been very anemic during the year, hampered by strikes and political uncertainty, and in Argentina activity has plummeted.
• Bennett Jones Fall 2018 Economic Outlook in Calgary
  Event / November 27, 2018
  Please join David Dodge, former Governor of the Bank of Canada, as he and his colleagues in our Governmental Affairs & Public Policy group present the Bennett Jones Fall 2018 Economic Outlook. They will share their insights on the outlook for Canadian business in light of developments in government economic and trade policies at home and abroad.
• Bennett Jones Hosts 16th Annual Lake Louise World Cup Business Forum
  Announcements / November 20, 2018
  The 2018 Bennett Jones Lake Louise World Cup Business Forum takes place November 23 at the Fairmont Chateau Lake Louise. In its 16th year, this exclusive event brings together thought leaders to engage in discussions on current issues, while supporting some of the world's greatest athletes in the first World Cup Downhill of the ski season and the only World Cup ski race outside of Europe to join the ranks of the famous Club 5 Ski Classics.
• David Dodge on Canadian Competitiveness on CBC's The House
  In The News / July 28, 2018
  David Dodge shares his thoughts on what Canada needs to do to fix its competitiveness problem, especially when compared to the United States on CBC Radio's The House. He says legislation and regulation that has over time made it difficult to invest in Canada needs to be changed; this includes internal trade within the country. David says, "We've been creating this problem for a number of years. Our real challenge is to stop shooting ourselves in the foot...We've made [private investment] very much more complicated and that has really hurt our productivity."
• David Dodge on BNN Bloomberg on Canada and Global Trade
  In The News / July 25, 2018
  David Dodge appeared live on BNN Bloomberg to discuss NAFTA talks, our relationship with Mexico, the possibility of U.S. auto tariffs and why Canada needs to stop creating business uncertainties through its regulatory policies. In the second part of his interview, David spoke on the importance of preserving the global trading order led by western democracies.
• 2018 Spring Economic Outlook
  Event / June 13, 2018
  Please join David Dodge, former Governor of the Bank of Canada, as he presents the Bennett Jones Spring 2018 Economic Outlook. David will share the insights of the Bennett Jones Policy Group on economic prospects, business strategies and government policies at a time of uncertain economic policy developments in the United States and abroad.
• 2018 Spring Economic Outlook
  Event / June 07, 2018
  Please join David Dodge, former Governor of the Bank of Canada, as he presents the Bennett Jones Spring 2018 Economic Outlook. David will share the insights of the Bennett Jones Policy Group on economic prospects, business strategies and government policies at a time of uncertain economic policy developments in the United States and abroad.
• 2018 Spring Economic Outlook
  Event / June 06, 2018
  Please join David Dodge, former Governor of the Bank of Canada, as he presents the Bennett Jones Spring 2018 Economic Outlook. David will share the insights of the Bennett Jones Policy Group on economic prospects, business strategies and government policies at a time of uncertain economic policy developments in the United States and abroad.
• 2018 Spring Economic Outlook
  Event / June 05, 2018
  Please join David Dodge, former Governor of the Bank of Canada, as he presents the Bennett Jones Spring 2018 Economic Outlook. David will share the insights of the Bennett Jones Policy Group on economic prospects, business strategies and government policies at a time of uncertain economic policy developments in the United States and abroad.
• Bennett Jones Spring 2018 Economic Outlook
  Updates / June 05, 2018
  The outlook for global growth in 2018 and 2019 is now considerably stronger than forecasters anticipated it would be a year ago. Advanced economies are now expected to grow at rates well in excess of potential in both years, eliminating remaining slack in the United States, Europe and Japan. This strong growth is underpinned by accommodative financial conditions, a stronger expansion in many emerging economies, and a large tax and expenditure stimulus in the United States. At the same time, central banks in the advanced economies continue to be cautious in raising interest rates and have indicated their willingness to accommodate above-trend growth as wage and price inflation continues to be benign. Credit conditions will continue to be favourable for continued growth through the end of 2019 even as central banks cautiously raise interest rates. But continued expansion of credit brings with it the collateral risk of rising aggregate debt (household, business and government) that could seriously threaten stability and growth down the road. Thus, both Canadian business and government should keep in mind that the buoyant prospects for global growth over the next two years, growth sustained by accommodative monetary and fiscal policies in the advanced economies, are associated with an increasing risk of a major correction in the 2020s.
• David Dodge on BNN on Spring Economic Outlook
  In The News / June 04, 2018
  David Dodge appeared live on BNN Bloomberg to discuss the Bennett Jones Spring 2018 Economic Outlook. He shared his insights on growth in Canada and globally, continuing trade issues with the U.S. and regulatory and tax policy uncertainty in Canada.
• David Dodge on BNN on the State of Canada’s Economy
  In The News / April 19, 2018
  David Dodge appeared live on BNN to speak about the state of and outlook for Canada’s economy, and the impact of interest rates, household consumption and business investment.
• David Dodge on CTV Power Play on Market Volatility
  In The News / February 06, 2018
  David Dodge appears live on CTV’s Power Play with Don Martin to share his insights on the recent volatility in global stock markets. David says that nervousness may have crept in due to the perception of the impact of interest rate increases and modest U.S. wage growth. While neither are objectively high, they may seem that way as we exit an era of historically low interest rates, combined with low wage growth and low inflation. David is the lead interview on the show.
• ARHCA Conference
  Speaking Engagements / November 24, 2017
  David Dodge presents his thoughts on the Global Economic Outlook at the Alberta Roadbuilders & Heavy Construction Association Annual Convention & Expo at the Fairmont Banff Springs Hotel.
• Bennett Jones Fall 2017 Economic Outlook and Radical Uncertainty
  Speaking Engagements / November 23, 2017
  David Dodge, former Governor of the Bank of Canada, presents the Bennett Jones Fall 2017 Economic Outlook. David shares his insights on the outlook for Canadian business in a time of radical uncertainty in the economy. Topics of discussion include the following: outlook for economic growth over the rest of the decade and assessment of risks; prospects for interest rate increases as central banks manage inflation uncertainties; and implications for access to export markets as Canada deals with irrational U.S. trade objectives.
• Bennett Jones Fall 2017 Economic Outlook
  Updates / November 23, 2017
  After a marked slowdown in 2016, the global economy is experiencing robust, synchronized growth in 2017, which exceeds earlier expectations and should continue in the short term. Notwithstanding this improved outlook, uncertainty about future economic policy and geopolitical developments remains very significant, if not even greater than before. Moreover, financial vulnerabilities, population aging, and weak productivity growth continue to weigh on prospects going into the medium term.
• Global Economic Outlook Vancouver Board of Trade
  Speaking Engagements / November 22, 2017
  David Dodge and Jane Bird speak at the Vancouver Board of Trade on "Global Economic Outlook". 
• Bennett Jones Lake Louise World Cup Business Forum
  Announcements / November 21, 2017
  Bennett Jones Hosts 15th Annual Lake Louise World Cup Business Forum The 2017 Bennett Jones Lake Louise World Cup Business Forum takes place November 24 at the Fairmont Chateau Lake Louise. In its 15th year, this exclusive event brings together thought leaders to engage in discussions on current issues, while supporting some of the world’s greatest athletes in the first World Cup Downhill of the ski season and the only World Cup ski race outside of Europe to join the ranks of the famous Club 5 Ski Classics.
• CBIA Conference 2017
  Speaking Engagements / November 08, 2017
  David Dodge presented "Global Economic & Financial Outlook: Implications for the Bond Market" at the C.B.I.A. Conference in Toronto, Ontario. 
• David Dodge on BNN on Bank of Canada and Fall Economic Statement
  In The News / October 25, 2017
  David Dodge appeared live on the Business News Network to provide his perspective on the Bank of Canada's most recent rate decision, as well as the federal government's fall economic statement.
• David Dodge on BNN Growth in a Radically Uncertain Economy
  In The News / September 20, 2017
  David Dodge appeared live on BNN to share his insights on Canadian economic growth, interest rates and the currency risk posed by excessive borrowing in U.S. dollars around the world. David also said it’s important to understand that, “There’s a degree of radical uncertainty about our model of the economy. We’ve got unemployment indicating a degree of excess demand in the economy. And yet, prices and wages are still indicating excess supply.”
• Global Economic Outlook - Oakville Chamber of Commerce
  Speaking Engagements / September 20, 2017
  David Dodge presented Global Economic Outlook to the Oakville Chamber of Commerce. 
• David Dodge on CBC TV on Hidden Debt and Currency Risk
  In The News / September 18, 2017
  David Dodge appeared on CBC News Network’s On the Money for a one-on-one interview on the Bank for International Statements’ quarterly review. The BIS estimates that non-bank borrowers outside the U.S. have very large off-balance sheet dollar obligations in FX forwards and currency swaps, probably exceeding the $10.7 trillion of on-balance sheet debt. David also spoke about the heavy reliance of borrowing in U.S. dollars by companies around the world. This can create a currency risk, especially when the borrowing is financing long-term investments.
• Global Economic Outlook - Interlex Group
  Speaking Engagements / September 15, 2017
  David Dodge presented Global Economic Outlook to the Interlex Group in Toronto, Ontario.
• David Dodge on BNN: Spring 2017 Economic Outlook
  In The News / June 02, 2017
  David Dodge appeared live on BNN for a one-on-one interview on Bennett Jones Spring 2017 Economic Outlook. David shared his views on the outlook for Canada and the global economy from 2017 to 2019. He discussed the risks to growth in Canada, including trade and the NAFTA renegotiation, U.S. tax policy and a potential border adjustment tax. He also talked about infrastructure and the need for the public and private sectors to work together to create revenue generating projects.
• Bennett Jones Spring 2017 Economic Outlook
  Updates / June 01, 2017
  This Spring 2017 Outlook has three sections. In Section I we review the broad cyclical, structural and policy factors that are expected to shape growth to the end of the decade, particularly in the advanced economies, and present our base outlook with a focus, as usual, on the United States and Canada. In Section II we review the issues surrounding trade policy developments in the United States and elsewhere and the implications for Canadian governments and businesses. Finally, in Section III we examine the risks to the economic outlook posed by other uncertain developments and outline the related possible impact on Canadian monetary, fiscal and structural policies.
• David Dodge in Canadian Business on Federal Budget
  In The News / February 22, 2017
  David Dodge's comments on the upcoming 2017 federal budget appear in Canadian Business. ?David says that the Canadian government needs to be mindful that President Trump’s plan to cut taxes could make it harder for Canada to attract the talent it needs to succeed at the innovation game. Canada has very high marginal effective tax rates and this could reduce our attractiveness compared to the U.S. How the next federal budget might change the game on income inequality
• David Dodge in The House on Budget 2017
  In The News / February 18, 2017
  David Dodge appeared on CBC Radio's The House for a spotlight show on the upcoming federal budget and what might be expected. David provided his insights on jobs, infrastructure and innovation, and explained why Canadians will need to pay for large infrastructure projects through tolls or other charges. David's interview starts at the 41:35 mark: Spotlight on the budget: concerns about jobs, infrastructure and innovation
• David Dodge on Bloomberg TV Canada: Coordinated Rate Increases Needed
  In The News / December 09, 2016
  David Dodge appeared live on Bloomberg TV Canada to explain why central banks in advanced economies need to coordinate interest rates increases. Rates have been at emergency lows since the financial crisis but the time has come to raise rates in a measured, predictable fashion.
• David Dodge on CBC TV's On The Money on Coordinated Rate Increases
  In The News / December 08, 2016
  David Dodge appeared on CBC TV's On the Money to say why the central banks in advanced economies need to work together and raise interest rates. Rates have been at emergency lows since the financial crisis but David questions the need to continue this approach. Keeping rates at emergency levels has reduced the power of central banks to influence investment and consumption through monetary policy. There is also accumulating anecdotal evidence and increasing concern that today's ultra-low rates may actually be suppressing economic growth.  Co-ordinated Hikes
• David Dodge on BNN: Fall 2016 Economic Outlook
  In The News / December 01, 2016
  David Dodge appeared live in BNN's Business Day AM to discuss Bennett Jones' Fall 2016 Economic Outlook. David spoke about the new normal, low growth environment we're in and why factors like demographics will continue to drive it. David also talked about key factors in the U.S. economy such as the uncertainty generated by president-elect Trump, a likely hike in interest rates and changes to U.S. personal and business tax rates under the new administration. Trump tax cut could cause Canadian brain drain, David Dodge warns
• David Dodge on Trump, Ottawa and Economic Exodus in Globe and Mail
  In The News / December 01, 2016
  David Dodge comments in the Globe and Mail on why Canada could see a brain drain to the U.S. if president-elect Donald Trump fulfills his promise of major tax reductions across the board. In Canada, the federal government imposed a new tax bracket of 33 percent this year on income above $200,000. David says, "It’s an enormous problem when you get effective tax rates which are wildly out of line. And that’s what’s going to happen to a much greater extent in the spring if Mr. Trump and the Republican Congress proposals in some way go forward." With Trump’s tax plan, Ottawa must act to prevent economic exodus: David Dodge
• Bennett Jones Academy Series: Living With Low Growth: The New Normal
  Bennett Jones Academy Events / November 29, 2016
  Please join David Dodge for an update on the global and Canadian economies, an overview of Canada's productivity problem, and a discussion of the policies that need to be pursued by governments in Canada in this context.
• Bennett Jones Fall 2016 Economic Outlook
  Updates / November 29, 2016
  This Fall Outlook has four sections. The first section describes the main aspects of the "new normal" of low growth that has prevailed for advanced economies in the last six years of economic recovery. The second section discusses key factors that have shaped the economic performance of advanced economies and are likely to condition growth in aggregate demand and potential output over the next several years. With this analysis in background, the third section briefly explains our short term outlook for the global economy and Canada to 2018, showing that for the advanced economy it remains well on the low-growth path of the "new normal". Finally, a fourth section draws implications of the "new normal" for the conduct of economic policies in advanced economies and the strategy businesses should follow.
• David Bursey in Edmonton Journal on Growth in Energy Infrastructure
  In The News / November 24, 2016
  David Bursey comments in the Edmonton Journal on why Canada—as an energy consuming and energy trading nation—needs to promote growth, innovation and improvement in new energy infrastructure. David says that if there is too strong an over-estimation and concern related to the risks that stifle or constrain new projects, we won't move our economy forward. Gary Lamphier: Kinder Morgan pipeline risks exaggerated by critics
• David Dodge in Bloomberg on Housing Supply in Canada
  In The News / November 18, 2016
  David Dodge comments in Bloomberg on why a restricted housing supply in some Canadian markets is helping drive up home prices. While the federal government has taken steps to stem demand through mortgage arrangements, housing supply is handled at the local level, where many local politicians are reluctant to foster housing development.  Why Trudeau's Tighter Mortgage Rules are Likely Canada's Last. 
• Bennett Jones Lake Louise World Cup Business Forum—Business of Politics: The Changing Nature of Democracy
  Announcements / November 17, 2016
  Bennett Jones will once again host a remarkable group of business leaders and speakers at the Bennett Jones Lake Louise World Cup Business Forum on Friday, November 25th, 2016 at Lake Louise, Alberta. Now in its fourteenth year, the Business Forum is one of the premier events of its kind in Canada. This year's focus is the Business of Politics: The Changing Nature of Democracy.
• David Dodge on CBC's The House on Trump Impact on Canada
  In The News / November 12, 2016
  David Dodge appeared on CBC's The House to discuss the potential impact of the U.S. presidential and congressional elections on Canada. David shared his insights on the challenges and opportunities that may come with changes in the U.S. for the auto industry, infrastructure spending, tax cuts, trade, border security, carbon pricing, softwood lumber and the Keystone XL pipeline project. David's interview runs from 2:30 to 12:15. Or read the story here: Donald Trump's win 'bad news for the auto industry,' says David Dodge.
• David Dodge in Globe and Mail on Infrastructure and User Fees
  In The News / November 04, 2016
  David Dodge comments in the Globe and Mail on why the federal government needs to do a better job of persuading Canadians more private investment and user fees are beneficial when it comes to building infrastructure. David says that user fees ensure revenue to help cover the maintenance costs of the infrastructure, such as road tolls.
• Open Letter to the Minister of Finance on Canada's Infrastructure Bank
  Articles / November 03, 2016
  David writes to Canada's Minister of Finance on "Canada’s Infrastructure Bank Done Right" in an intelligence memo that appears on the C.D. Howe Institute's website. David says that political courage is needed to explain to Canadians why it is in their interest to pay for the use of public use infrastructure, at least in part, through user charges. On November 1, 2016, the Minister announced the federal government will establish the Canadian Infrastructure Bank to attract private investment in revenue-generating projects.
• David Dodge and Jane Bird in National Post on Canadian Infrastructure Bank
  In The News / November 03, 2016
  David Dodge and Jane Bird's insights on the establishment of a Canadian Infrastructure Bank are covered in the National Post: "Senior advisors at Toronto law firm Bennett Jones LLP said the government has signaled it would be receptive to unsolicited bids for infrastructure projects, which represents a new opportunity for players experienced in project development. “We think the energy transmission, water, wastewater, and transportation fields are well-suited to this initiative,” David Dodge, former Governor of the Bank of Canada, wrote in a note to clients with senior business advisor Jane Bird."
• Minister of Finance Commits to Establish a Canadian Infrastructure Bank
  Blog / November 01, 2016
  In his fall economic statement on November 1, Mr. Morneau, the federal Minister of Finance, committed the federal government to deliver an additional $81 billion between 2017 and 2027 to fund public infrastructure [...]
• David Dodge on BNN on Infrastructure and Productivity in Canada
  In The News / November 01, 2016
  David Dodge appeared live on BNN's Business Day AM to discuss how the quality of Canada’s infrastructure has fallen behind globally and why this is impacts economic productivity levels. David says what's needed is a clear statement on where the federal government wants to take investment in productivity-enhancing infrastructure. David also spoke about steps by Canadian governments to cool heated housing markets and central bank communications in Canada and other countries.
• David Dodge on Power & Politics on Fall Economic Statement
  In The News / November 01, 2016
  David Dodge appeared live on CBC's Power & Politics to provide his insights on the federal government's Fall Economic Statement (FES) and Canadian economic growth. David says there is a "constellation of factors" driving slower economic growth, including falling productivity and demographics. To improve long-term growth, more robust economic structures are needed including revenue-generating infrastructure. In the FES, the government's most important commitment is to deliver $15 billion ($35 billion total cash) through a newly established Canadian Infrastructure Bank to help create this infrastructure. 
• David Dodge on CTV's Question Period: Economic Growth
  In The News / October 21, 2016
  David Dodge appeared on CTV's Question Period to discuss dealing with slow economic growth. David provides his insights on why slow growth is the biggest economic challenge facing Canada and countries around the world, the reasons for it, and what might change it. These include an aging population, productivity, investment in infrastructure—as well as deficit levels, revenue generation and carbon pricing. The full interview is available at http://www.ctvnews.ca/video?clipId=977815
• David Dodge in Water Canada on Infrastructure Financing
  In The News / September 23, 2016
  Water Canada looks at the next phase of strategic infrastructure development in Canada, focusing on the idea of asset recycling that David Dodge, Kevin Lynch and Tiff Macklem included in an earlier opinion piece they wrote for the Globe and Mail. Candidates for asset recycling in Canada include a host of federal as well as provincially and municipally owned assets.
• David Dodge Op-Ed in Globe and Mail
  In The News / August 25, 2016
  David Dodge co-wrote an opinion column in the Globe and Mail on why millennials won't be able to pay for baby boomers’ health care in Canada unless there is a major change in the way care is delivered—and the productivity of our economy at large is improved. Read article: Millennials Can't Pay for Boomer Health Care without Productivity Gains
• David Dodge on CBC's The House on Brexit Aftermath
  In The News / July 02, 2016
  David Dodge appeared on CBC Radio's national political affairs program The House to provide his insights on the aftermath of Brexit. David discussed how the result will have a negative effect on worldwide growth and foreign investments in the short term due to uncertainty. But he also said there's no need to panic, as the economic impact globally and on Canada should be relatively small. David also pointed out why Governor of the Bank of England Mark Carney is presently the only source economic stability in the UK. The Three Amigos push back against protectionist rhetoric
• David Dodge on BNN on Brexit, Bank of England and Mark Carney
  In The News / June 27, 2016
  David Dodge appeared live at the top of the hour on BNN's The Business News to discuss the role Mark Carney and the Bank of England have to play in the UK's economic situation after the Brexit referendum. David pointed out why Mr. Carney needs to be a steady hand for the country during a time of uncertainty.
• David Dodge Live on BNN Spring 2016 Economic Outlook
  In The News / June 09, 2016
  David Dodge appeared live on BNN's The Business news to discuss various aspects of Bennett Jones Spring 2016 Economic Outlook. David provided his insights on how new technology and AI is affecting both blue collar and white collar jobs, the prospects for manufacturing in the US, the difficult shift in China from a manufacturing economy to a services one, how protectionist policies threaten global growth, and why trade with Japan makes it so important for Canada to be a part of the TPP.
• Bennett Jones Spring 2016 Economic Outlook
  Updates / June 07, 2016
  This Spring Outlook has three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for global growth and Canadian growth for 2016 to 2018. The second section examines the expected adjustment of the Canadian economy to the oil price fall of the last year and a half and discusses how productivity growth could be raised through strategic infrastructure investment in order to counter the effects of lower future terms of trade on Canadian real income. The third section analyzes likely global trade developments and their implications for Canada.
• David Dodge Op-ed in Globe and Mail on Infrastructure
  In The News / May 13, 2016
  David Dodge, Kevin Lynch and Tiff Macklem write in the Globe and Mail's opinion page on the need for the Liberal government’s second phase of strategic infrastructure investment to deliver on the promise of boosting economic growth in Canada. They describe why the three critical ingredients are a clear policy anchor, a fit-for-purpose process, and the fiscal space to invest in scale.
• David Dodge to Speak at The Economists Canada Summit
  In The News / May 03, 2016
  BNN reports on The Economist’s Canada Summit on June 8 in Toronto, which will feature keynote speakers Prime Minister Justin Trudeau and Minister of Finance Bill Morneau. Bennett Jones' David Dodge will speak as a member of the day's first panel on Canada's economic outlook—where we are and where we are going. BNN will broadcast live from the Summit, which will identify the key trends that are reshaping Canada's role in the global economy and investigate how the country can become more competitive.
• David Dodge in Globe and Mail on Economic Growth
  In The News / April 22, 2016
  David Dodge comments in the Globe and Mail on the outlook for economic growth in Canada and globally and why we are in a lower growth world. David was speaking at panel hosted by Sprott Asset Management.
• David Dodge in Canadian Press, Maclean's, CBC on Infrastructure Spending in Federal Budget
  In The News / March 17, 2016
  David Dodge comments on how the federal government can get the most out of new infrastructure spending in Canada as the announcement of the federal budget nears.
• David Dodge on BNN on Infrastructure Spending in Canada
  In The News / March 03, 2016
  David Dodge appeared live on BNN to provide his insights on why Canadians should focus on where infrastructure and stimulus spending is being targeted in the upcoming federal budget, more than just the raw dollar amount being spent.
• David Dodge in Bloomberg on Canada's Dollar and Economy
  In The News / January 04, 2016
  David Dodge comments in Bloomberg on the challenges Canada's dollar and economy face in the current economic environment of lower oil prices.
• David Dodge on Bloomberg TV
  In The News / December 09, 2015
  David Dodge appeared live on Bloomberg TV Canada to provide his insights on Canada's economic outlook and why the Trans-Pacific Partnership can benefit domestic producers and boost the nation's competitiveness. 
• David Dodge in Reuters on Canadian Economy
  In The News / December 02, 2015
  David Dodge spoke with Reuters following Bennett Jones Fall 2015 Economic Outlook and shared his views on the Canadian economy, interest rates and oil prices.
• David Dodge on BNN on Canada's Economic Outlook
  In The News / December 02, 2015
  David Dodge appeared live on the Business News Network to discuss the outlook for global growth and Canadian growth for 2015 to 2017.
• Bennett Jones Fall 2015 Economic Outlook
  Updates / December 02, 2015
  This fall Outlook has three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for global growth and Canadian growth for 2015 to 2017. The second section contains an analysis of the factors which underpin the evolution of Canada's competitiveness over the last decade and examines the chance of regaining some competitiveness in the next few years. The third section analyzes likely global trade developments and their implications for Canada.
• David Dodge in Daily Oil Bulletin on Innovation
  In The News / December 01, 2015
  David Dodge's comments on innovation from the Bennett Jones Lake Louise World Cup Business Forum were covered by Daily Oil Bulletin in "Downturn Brings Growth Opportunities, Forum Hears."
• Bennett Jones Lake Louise World Cup Business Forum: The Future of Energy
  Announcements / November 19, 2015
  Bennett Jones will once again host a remarkable group of business leaders and speakers at the Bennett Jones Lake Louise World Cup Business Forum from November 26-29 at Lake Louise, Alberta. Now in its thirteenth year, the Business Forum is one of the premier events of its kind in Canada. This year's focus is The Future of Energy: Innovation and Competitiveness.
• Talking Economics: Social Security, Pensions and Health Policy: Meeting the Demographic Challenge
  Speaking Engagements / November 18, 2015
  David Dodge presents "Social Security, Pensions and Health Policy: Meeting the Demographic Challenge" in Beijing (Nov 18) and Shanghai (Nov 23), China.
• David Dodge in Globe and Mail on Canada's Changing Workforce
  In The News / November 12, 2015
  In the Globe and Mail article, "Why We Need More Youth in Canada's Work Force," David Dodge speaks on engaging younger workers in the labour force at an earlier age, as part of a special Globe and Mail week-long series on the baby boomer shift and how it might affect Canada's economy.
• Report to the Government of Alberta on the Development, Renewal and Financing of the Government's plan for Spending on Capital Projects to 2019
  Articles / October 19, 2015
  The purpose of this report is to set out the principles that should guide the Government of Alberta "on matters broadly relating to the development, reconsideration and renewal of the Government's plan for prioritization of and spending on capital projects, including without limitation of the financing of the capital projects".
• 7 th Annual Credit Union Conference
  Speaking Engagements / October 02, 2015
  David Dodge presents "Global and Canadian Economic Views and Impacts on Financial Services in Canada" at the 7th annual Credit Union Conference in Vancouver, BC.
• David Dodge Discusses Fiscal Numbers
  In The News / August 28, 2015
  On CBC's The House with Evan Solomon, David Dodge discusses how the fiscal numbers released by the Department of Finance at the start of the year are not a good indicator of how the Canadian economy will fare over the course of the year.
• David Dodge in the Calgary Herald on Alberta's Capital Plan
  In The News / June 22, 2015
  In the Calgary Herald article by Darcy Henton, "Former Bank of Canada Governor to Review Alberta's Capital Needs," David Dodge comments on making recommendations for the development of Alberta's new capital plan.
• David Dodge to Oversee Alberta's Capital Plan
  In The News / June 19, 2015
  Alberta Premier Rachel Notley announced the hiring of David Dodge, OC, to oversee the province's capital plan, which is to be released with the provincial budget in the fall. According to the CBC, David will focus on: "the overall size of the capital plan and the availability of labour and the potential impacts of inflation; striking the right balance between delivering services to Albertans and building infrastructure for a growing population; and how to finance the capital plan given the current economic climate."
• David Dodge in Canadian Lawyer on M&A in Alberta
  In The News / June 15, 2015
  In the Canadian Lawyer article by Jennifer Brown, "How Low Can It Go?," David Dodge comments on M&A prospects for the oil and gas industry in light of Alberta's slow economy.
• Bennett Jones Spring 2015 Economic Outlook
  Updates / June 03, 2015
  This spring Outlook is structured in three sections. The first section sets out our view of the economic outlook commencing with a very short summary of recent world economy dynamics, followed by a review of the outlook for global growth and Canadian growth for 2015 to 2017. The second section contains an analysis of the factors which undoubtedly will lead to a slower growth of Canadian incomes over the medium term, 2015 to 2024. The third section analyses likely global trade developments and their implications for Canada. Section four contains a summary and conclusions.
• Growth in Real Household Income in Canada: 1984-2024
  Updates / June 03, 2015
  Canadians have just entered a decade during which their real disposable income will tend to grow at a much slower pace than in the past. Since 2007, Canadian households have pretty well maintained the same average pace of growth in their real disposable income (per capita) as in the preceding quarter of a century, in spite of a recession and a sluggish recovery. This is set to change in the next decade as adverse demographics will depress real income growth per capita. There is little likelihood that faster productivity growth, increased labour force participation or gains in the terms of trade provide more than a very partial offset to adverse demographics. This means that on average the purchasing power (and saving power) of Canadian households is set to progress much more slowly than in the past. In such a context of slow growth in average household income, issues with respect to income distribution among households are likely to become more acute.
• David Dodge Talks CPP Contributions on The House
  In The News / May 29, 2015
  On CBC's The House with Evan Solomon, David Dodge discusses the federal government's look at expanding CPP contributions.
• Bennett Jones Academy Series: Economic Update
  Bennett Jones Academy Events / May 07, 2015
  Please join Bennett Jones for an update on the global and Canadian economies, and discussion of the policies that need to be pursued by governments in Canada in this new context.
• Policy Tradeoffs in the Post Financial Crisis Era
  Speaking Engagements / April 29, 2015
  David Dodge presents "Policy Tradeoffs in the Post Financial Crisis Era" at the C.D. Howe Institute's National Council.
• Economic Outlook to 2020: Risks and Opportunities for Canadian Corporations”
  Speaking Engagements / April 20, 2015
  David Dodge presents, "Economic Outlook to 2020: Risks and Opportunities for Canadian Corporations” at the Institute of Corporate Directors in Vancouver.
• Economic Outlook Update
  Speaking Engagements / February 18, 2015
  At an event in Edmonton, David Dodge presents a follow up to the Bennett Jones Fall 2014 Economic Outlook, "The Economy: What we can expect in the next 6-24 months".
• Bennett Jones Winter 2015 Economic Outlook
  Updates / February 18, 2015
  Oil prices have fallen sharply since the release of our Fall 2014 Economic Outlook. While this shock should have relatively little effect on our outlook for global growth, in part because of other offsetting developments in the short run, it will entail a major redistribution of income from oil-exporting countries to oil-importing countries. Most notably, it will depress overall growth in Canada as a result of a marked slowdown in the growth rates of oil-producing provinces. This Winter 2015 Update provides revised projections of the global and Canadian economies along with a brief discussion of the policies that need to be pursued by governments in Canada in this new context.
• Policy Institute on Pension Reform
  Speaking Engagements / January 28, 2015
  David Dodge is the keynote speaker at the Policy Institute on Pension Reform at the University of Toronto.
• Scotiabank Global Central Bank & Public Institutions Conference
  Speaking Engagements / January 20, 2015
  David Dodge presents "Achieving Policy Balance - Is Monetary Policy really as Stimulative as it Looks?" at the Scotiabank Global Central Bank & Public Institutions Conference.
• Bennett Jones Economic Outlook Noted in the Hill Times
  In The News / December 08, 2014
  In David Crane's opinion piece in the Hill Times, "Much More Needs to be Done to Improve Competitiveness," the Bennett Jones Fall 2014 Economic Outlook, written by David Dodge, Richard Dion, John Weekes and Michael Horgan, is noted for its assessment of Canada's economic outlook.
• Bennett Jones Fall 2014 Economic Outlook
  Updates / November 27, 2014
  We expect a modest strengthening of global growth over the next two years relative to 2013 and 2014, largely originating from the advanced economies, and the U.S. in particular. Growth in the emerging economies as a whole will increase somewhat in 2015 and 2016 relative to 2014, but progress will be constrained by a further projected slowdown in China. Even though this outlook shows much the same growth dynamics as before, it embeds a slightly more pessimistic view of growth prospects in the short term. Indeed, global growth remains lower than in our spring outlook all the way to 2016 in spite of projected lower oil prices.Section I presents recent world economy dynamics and the global outlook for 2014-2016, including prospects for Canada. Section II outlines a base-case scenario for global growth over 2017-2020. Our purpose is twofold: to draw attention to factors or developments that are likely to shape growth prospects beyond the short-term horizon and to give an idea of the most probable range of growth rates to be expected as the medium term starts unfolding. Section III briefly examines prospects for global trade growth and discusses where things stand with respect to international trade arrangements and negotiations, including Canada's North American trade agenda and U.S. trade policy after the recent mid-term elections.
• David Dodge in the Globe and Mail on Retirement Savings
  In The News / October 21, 2014
  In the Globe and Mail article by Rob Carrick, "Retirement Savings Burden: Who Will Pick Up The Tab?," David Dodge is quoted from his presentation at the Second National Summit on Pension Reform that took place in Toronto this October.
• Second National Summit on Pension Reform
  Speaking Engagements / October 08, 2014
  David Dodge presents, ""Guaranteeing" Retirement Income for Canadians" at the Second National Summit on Pension Reform in Toronto, Ontario.
• Canada 2020 Conference
  Speaking Engagements / October 02, 2014
  David Dodge presents, "An Opportune Time for Public Infrastructure Investment" at the Canada 2020 Conference in Ottawa. Ontario.
• David Dodge Interviewed on CNBC's Santelli Exchange
  In The News / September 22, 2014
  David Dodge speaks with CNBC's Rick Santelli on housing finance systems in Canada and the United States.
• David Dodge and John Weekes Report Quoted By The Canadian Press
  In The News / July 23, 2014
  In the Canadian Press article by Julian Beltrame, "Ottawa Urged To Run Tiny Deficit To Create 75,000 New Jobs: C.D. Howe Report," David Dodge and John Weekes' Spring economic report is quoted on how the government should take advantage of low long-term interest rates.
• Bennett Jones Economic Outlook Discussed in The Washington Post
  In The News / June 11, 2014
  In The Washington Post article by Doug Alexander and Cecile Gutscher, "RBC Among Canadian Bank Outlooks Cut to Negative by Moody's," the economic outlook by David Dodge, Richard Dion and John Weekes is quoted on how Canadian lawmakers should avoid falling in line with international rules that do not fit the country and would raise the cost of doing business.
• David Dodge Discusses Taking on Debt to Build the Canadian Economy on CBC's As It Happens
  In The News / June 11, 2014
  On the CBC's As It Happens, David Dodge suggests scaling back on the fight against the deficit in order to build Canada's economy. Skip to 1:00 to hear the interview.
• David Dodge Suggests A Focus on Infrastructure Investment on the CBC's The Current
  In The News / June 11, 2014
  On the CBC's The Current, David Dodge suggests that Canada take advantage of low interest rates to invest in infrastructure and improve lagging productivity.
• Bennett Jones Spring 2014 Economic Outlook
  Updates / June 10, 2014
  While the geo-political landscape has changed somewhat since our November 2013 Economic Outlook, the outlook for global economic growth has not changed much. We continue to project real global growth of about 3.5 percent in each of 2014 and 2015. However, the international and industrial composition of that growth will change somewhat in 2014 and 2015. Growth in 2016 is projected to be about 3.5 percent but with further changes in composition which may have important implications for Canada. In section I, we describe the most important features of the global outlook to 2016. In section II, we present the outlook for a two-speed Canada in the context of the outlook for global growth and most importantly in the context of the ongoing structural changes in the Canadian and provincial economies. In this section, we also examine possible policy responses to the structural challenges. As usual, in the final section we examine the outlook for global trade with particular attention to the challenges we face in Canada.
• David Dodge and Richard Dion in the Globe and Mail on New Share-Risk Pension Plan
  In The News / April 24, 2014
  In the Globe and Mail article by Bill Curry, "Ottawa Opens Door To New Shared-Risk Pension Plans," David Dodge and Richard Dion's report, Macroeconomic Aspects of Retirement Savings, is quoted with regards to enhancing the Canadian Pension Plan with higher premiums.
• David Dodge Discusses Changes to the Canadian Pension Plan on CBC News
  In The News / April 24, 2014
  David Dodge discusses the new share-risk pensions plans on CBC News.
• Macroeconomic Aspects of Retirement Savings
  Guides / April 23, 2014
  The adequacy of future retirement income to support individual target levels of consumption for Ontarians and Canadians is an important problem for both individuals and governments. Indeed, on average, Canadian workers are far from saving enough to support in retirement a standard of living that they would find satisfactory. Unless the economy generates higher labour productivity growth than is currently projected, governments in the future will be under great pressure to tax an almost static population of workers to support transfers to a very fast-growing population of elderly. La suffisance du revenu de retraite futur pour préserver les niveaux cibles de consommation individuelle des Ontariens et des Canadiens est un enjeu important pour les particuliers et les pouvoirs publics. En effet, en moyenne, les travailleurs canadiens sont loin d'épargner suffisamment pour soutenir un niveau de vie satisfaisant à la retraite. À moins d'une croissance de la productivité du travail supérieure aux prévisions actuelles, les gouvernements futurs se verront forcés d'imposer une population active quasi statique pour financer les transferts à une population de personnes gées en forte croissance.
• Financial Stability At Any Price May Be Too Expensive
  Articles / February 11, 2014
  Policymakers are focused on financial stability at expense of effectiveness and costs. Since the financial crisis of 2007-2008, almost all of the attention to the financial sector has been aimed at answering the question: “How do we make the financial sector more stable?” or less productively but unfortunately more politically salient: “How do we avoid government bailouts of banks?” Written by David Dodge.
• Post 2008: Re-Awakening Market Efficiency and Growth
  Speaking Engagements / February 10, 2014
  After the near collapse of global financial institutions in 2008, governments responded sharply to shift the focus of regulation away from market efficiency towards stability. Have they gone too far? Is the concern over stability a dead-weight that is hampering economic growth? David Dodge, former Governor of the Bank of Canada, discusses why post-2008 reforms are not making the contribution to financial stability that politicians and regulators claim. The event, sponsored by the University of Calgary's School of Public Policy, is at the Westin Harbour Castle in Toronto, ON.
• Proposals for Canada/Québec Pension Plan: Are We on the Right Path?
  Speaking Engagements / November 28, 2013
  David Dodge, OC, speaks at The School of Public Policy and CIRANO's conference, Proposals for Canada/Québec Pension Plan Expansion: Are We on the Right Path?, at The Westin, Ottawa, ON. The conference seeks solutions to the retirement income and pension problem, where policy experts from across Canada will weigh in on recent proposals for reform, and the implications of those proposals on saving rates, labour markets and the economy.
• Canadian Tax Foundation's 65th Annual Conference
  Speaking Engagements / November 25, 2013
  At the Canadian Tax Foundation's 65th Annual Conference, David Dodge presents Tax Planning in the Crosshairs; Anu Nijhawan presents Corporate Combinations; Thomas Bauer presents Eligible Capital Expenditures: Some Practical Issues; and Martin Sorensen presents Cross-Border Rents and Royalties in the 21st Century.
• 65th Annual Tax Conference
  Speaking Engagements / November 24, 2013
  Cathie Brayley is a member of the planning committee for the Canadian Tax Foundation's (CTF) 66th Annual Tax Conference in Toronto. At the Canadian Tax Foundation's 65th Annual Conference, David Dodge presents Tax Planning in the Crosshairs; Anu Nijhawan presents Corporate Combinations; Thomas Bauer presents Eligible Capital Expenditures: Some Practical Issues; and Martin Sorensen presents Cross-Border Rents and Royalties in the 21st Century.
• University of Calgary Convocation Fall 2013
  Speaking Engagements / November 12, 2013
  On Tuesday, November 12, 2013, David Dodge, OC, was awarded an Honorary Doctor of Law degree from the University of Calgary.
• Bennett Jones Fall 2013 Economic Outlook
  Updates / November 04, 2013
  This Economic Outlook has three sections. The first covers recent dynamics and short-term outlook for the world economy. The second presents a discussion of the context and conduct of US monetary policy in recent years and in the short term. The final section reviews recent international trade statistics and trade negotiations.
• David Dodge to Chair Expert Panel the Council of Canadian Academies
  Announcements / September 13, 2013
  The Council of Canadian Academies recently announced the appointment of David Dodge, as Chair of the Expert Panel on STEM Skills for the Future. Employment and Social Development Canada has asked the Council to assess Canada's preparedness to meet future skills requirements in science, technology, engineering, and math (STEM).
• David Dodge to Chair Expert Panel the Council of Canadian Academies(1)
  Announcements / September 13, 2013
  The Council of Canadian Academies recently announced the appointment of David Dodge, as Chair of the Expert Panel on STEM Skills for the Future. Employment and Social Development Canada has asked the Council to assess Canada's preparedness to meet future skills requirements in science, technology, engineering, and math (STEM).
• Bennett Jones Spring 2013 Economic Outlook
  Updates / May 14, 2013
  This Economic Outlook has a somewhat different structure from previous issues. The first section covers recent dynamics and short-term outlook for the world economy; the second section reviews recent international trade statistics and reports on where key trade negotiations and the Harper government`s trade agreements program stand at present; and a third, additional, section presents the evolution, past and projected, of federal and provincial government debts and deficits in Canada.
• B.C. Business Council Presentation
  Speaking Engagements / April 05, 2013
  David Dodge presents, "Global Economic Outlook: Challenges for Canada and British Columbia," to the B.C. Business Council.
• David Dodge Appointed H. Ian Macdonald Visiting Economist
  Announcements / March 18, 2013
  David Dodge has been appointed as the H. Ian Macdonald Visiting Economist by the Ontario Ministry of Finance. "Established in honour of Ian Macdonald, Ontario's first Chief Economist, the mandate of the post is to provide objective advice to the Ministry on emerging economic challenges and opportunities and to contribute to economic and fiscal policy development."
• David Dodge View of Boards Mentioned in Globe and Mail Editorial
  In The News / March 15, 2013
  In the Globe and Mail editorial, "The Bank of Canada Could Do With a More Dynamic Board," David Dodge's comment that directors are "not necessarily experts in the business of the corporation; they are kind of wise people,” is used to highlight the article's point that the Bank of Canada's board structure "does not reflect contemporary criteria for boards in either the public or the private sector."
• David Dodge in Toronto Star on Mark Carney's New Role at the Bank of England
  In The News / November 28, 2012
  In the Toronto Star article by Dana Flavelle, "Carney Faces A Much Bigger Task and Far Different Structure, Says Dodge," David Dodge discusses Mark Carney's new appointment at the Bank of England.
• David Dodge on the Canada Pension Plan in the Financial Post
  In The News / November 28, 2012
  In the Financial Post article by Barbara Shecter, "Keep Expanded CPP on the Table, says David Dodge," David Dodge urges the federal government to expand the Canada Pension Plan to compensate for future retirement savings gaps. 
• Bennett Jones Fall 2012 Economic Outlook
  Updates / November 27, 2012
  Since our spring 2012 economic outlook, the crisis in the Eurozone has worsened and growth in the emerging economies has fallen more than expected, with negative spillovers on the United States and Canada. Uncertainty about future policies and their effects remains pervasive and the risks to growth in the short term are still predominantly on the downside. Under the assumption that political compromises are achieved and major policy failures are avoided, advanced economies will experience subdued growth and emerging market economies (EMEs) a relatively robust expansion over the next two years, while commodity prices should remain at roughly current levels but experience greater volatility. The legacy effects of the financial crisis and recession continue to weigh on the global recovery through private-sector deleveraging and fiscal consolidation. However, a diminution of deleveraging, as private debt falls to more prudent levels relative to income and government deficits are contained, sets the stage for better growth in advanced economies around mid-decade.
• Global Energy: The Canadian Challenge
  Announcements / November 15, 2012
  Bennett Jones will host prominent business and political leaders at the 10th anniversary of the Bennett Jones Lake Louise World Cup Business Forum on Friday, November 23 in Lake Louise, Alberta.
• David Dodge Discusses the Fiscal Cliff on CBC's The House
  In The News / November 12, 2012
  On the CBC program, The House, hosted by Evan Solomon, David Dodge discusses how the "fiscal cliff" will affect the Canadian economy and economic issues facing the U.S., the European Union and China in the next few years. Click to minute 19:00 to hear the interview. 
• David Dodge Quoted in Macleans Magazine on the Impact of the Fiscal Cliff
  In The News / November 12, 2012
  In the Macleans magazine article by Erica Alini, "The A, B, C of the Fiscal Cliff and What It Means For Canada," David Dodge is quoted for being optimistic that the Canadian economy could successfully manage the impact of the "fiscal cliff" if the U.S. government implements legislation designed to reduce the budget deficit in January 2013. 
• David Dodge and Richard Dion in the New Brunswick Telegraph-Journal
  In The News / October 16, 2012
  In the Telegraph-Journal article, "Health-care Reform Faces Significant Challenges," columnist Peter Lindfield discusses the 2011 C.D. Howe Institute study by David Dodge and Richard Dion on the financial challenges facing the Canadian health care system. 
• David Dodge Quoted in the Globe and Mail as West-to-East Pipeline Debate Continues
  In The News / October 12, 2012
  In the Globe and Mail article by Shawn McCarthy and Bill Curry, "Ottawa Rejects Calls to Help Fund West-To-East Pipeline," David Dodge is quoted on how the federal government should support a west-to-east pipeline and struggling eastern Canadian economies. 
• David Dodge Comments on CNOCC Bid for Nexen Inc. in the Financial Post
  In The News / October 11, 2012
  In the Financial Post article by Bloomberg News, "Former Bank Chief David Dodge Says Canada Should Allow CNOCC's Bid for Nexen," David Dodge is quoted supporting the proposed acquisition by Beijing company CNOOC as the Canadian government examines whether the foreign takeover represents a "net benefit" to Canada under the Investment Canada Act. “The real asset is there; you've got control over that asset,” says David Dodge. “In some ways, there should be less question about foreign ownership…" 
• David Dodge Quoted in the Globe and Mail on Imbalanced National Economy
  In The News / October 11, 2012
  In the Globe and Mail article by Bill Curry, "Ottawa Should Help Stabilize Imbalanced National Economy," David Dodge is quoted calling on Ottawa to make a direct government effort to stabilize the national economy by promoting an expanded Eastern Canada role in the energy sector and assisting the struggling economies in that part of the country. 
• Strengthening the Canadian Economic Union in a Period of Fluctuating Resource Prices
  Speaking Engagements / October 10, 2012
  David Dodge presents, "Strengthening the Canadian Economic Union in a Period of Fluctuating Resource Prices," at the Public Policy Forum's 25th Anniversary Lecture Series at Carleton University in Ottawa, Ontario.
• CFA Day 2012
  Speaking Engagements / September 27, 2012
  The keynote speaker at the CFA Society Vancouver's annual CFA Day, David Dodge presents "Deleveraging: The Bumpy Road Ahead".
• Kitchener-Waterloo Roundtable Event – Macro-economic Scene and Implications for the Canadian Economy
  Speaking Engagements / September 19, 2012
  David Dodge participates in the C.D. Howe Institute Roundtable Event, "Macro-economic Scene and Implications for the Canadian Economy," from 12:00 pm to 2:00 pm at Langdon Hall Country House Hotel and Spa, in Cambridge, ON.
• David Dodge on Business School in the Globe and Mail
  In The News / August 14, 2012
  In the Globe and Mail article, "David Dodge: The Best B-Schools Tailor Their MBAs," by Adam Janikowski, David Dodge answers questions regarding his academic career and shares his opinions on business school and MBAs.
• Federal-Provincial Fiscal Arrangements: Thinking Outside the Box
  Articles / August 01, 2012
  Federal transfers are an important element in preserving the Canadian union. Fundamental structural changes in the global (hence the Canadian) economy will make it increasingly difficult to ensure the equality of public services — a principle enshrined in the Constitution Act, 1982 — without damaging the economy and threatening national unity. A more productive and achievable objective would be to provide essential public services of reasonable quality to all Canadians through federal investments that will create more provincial own-source income, support the development of competitive manufacturing and services industries, and build the fiscal capacity of lower-income provinces in general and of populous Ontario in particular. Written by David Dodge, Peter Burn, and Richard Dion and published in Policy Options magazine, August 2012, Vol 33, No. 7.
• David Dodge, Peter Burn and Richard Dion in the National Post
  In The News / July 31, 2012
  An article by Peter O'Neil, published in the National Post, discusses the essay co-authored by David Dodge, Peter Burn and Richard Dion for Policy Options magazine regarding the need to rethink how Canada achieves the objectives of section 36 of our constitution, including equalization.
• Macro-economic Science and Implications for the Canadian Economy
  Speaking Engagements / July 19, 2012
  David Dodge speaks at the C.D. Howe Institute's Kitchener-Waterloo Roundtable Event "Macro-economic Science and Implications for the Canadian Economy" at the Langdon Hall Country House Hotel and Spa in Cambridge, Ontario.
• David Dodge on CBC Radio's The House
  In The News / June 23, 2012
  On CBC Radio's The House, Evan Solomon asks David Dodge for his opinion on NDP leader Tom Mulcair's argument that Canada is suffering from the 'Dutch Disease'; "that the rapid expansion of growth in the oil sands drives up our dollar and kills manufacturing jobs in Ontario and Quebec."
• David Dodge Interviewed on CBC News
  In The News / June 18, 2012
  In a CBC News interview, David Dodge discusses Europe's debt crisis and the challenges it has presented to Eurozone central bankers.
• David Dodge Discusses JPMorgan on BNN
  In The News / May 14, 2012
  On BNN's Business Day, former Governor of the Bank of Canada David Dodge discusses banking in light of the recent events involving JPMorgan.
• Bennett Jones Spring 2012 Economic Outlook
  Updates / May 14, 2012
  As we explained in our fall 2011 economic outlook, there are three major factors influencing short-term global economic performance that businesses should be aware of when setting their plans. First, as a legacy of the financial crisis, deleveraging in the financial, household and government sectors will constrain economic growth to below-trend levels in many advanced economies. Second, strong growth will continue in emerging market economies (EMEs), although at rates somewhat below those in recent years, particularly in China, which has become relatively more reliant on domestic demand to drive growth. Third, how economic policies adjust to growth prospects and internal imbalances will play a crucial role. In all markets, there is a heightened degree of uncertainty with respect to economic policy as governments in advanced economies deal with the political consequences of deleveraging and governments in the EMEs, particularly China, struggle with the domestic politics of adapting to slower growth of external demand. 
• David Dodge Responds to Erroneous Globe and Mail Editorial
  Announcements / May 07, 2012
  David Dodge responds to an erroneous editorial published in the Globe and Mail.
• A Global Economic Outlook – Implications for Edmonton and Alberta
  Speaking Engagements / May 01, 2012
  David Dodge presents "A Global Economic Outlook – Implications for Edmonton and Alberta," as part of the Bennett Jones and MacEwan University Plugged into Business Series at MacEwan University's Robbins Health Learning Centre in Edmonton.
• Bennett Jones and MacEwan University Plugged into Business Speaker Series
  Speaking Engagements / May 01, 2012
  Join Bennett Jones and David Dodge as he presents, "A Global Economic Outlook – Implications for Edmonton and Alberta," part of the Bennett Jones and MacEwan University Plugged into Business Speaker Series. Angus Watt, Managing Director, Individual Investor Services of National Bank Financial joins David during the question and answer session.
• David Dodge to be Conferred with the 2012 Couchiching Award for Public Policy Leadership
  Announcements / March 28, 2012
  The Couchiching Institute on Public Affairs is pleased to announce David Dodge, Counsel to Bennett Jones LLP, Chancellor of Queen's University and former Governor of the Bank of Canada, as this year's recipient of the Couchiching Award for Public Policy Leadership.
• David Dodge Honoured with 2012 Couchiching Award for Public Policy Leadership
  In The News / March 28, 2012
  The Couchiching Institute on Public Affairs has announced that David Dodge is the 2012 recipient of the Couchiching Award for Public Policy Leadership. The award honours the accomplishments of a Canadian who has demonstrated leadership in public policy and who has taken exemplary actions to create policy that has had a proven positive impact on Canada or a community within. David will be presented the award at the 81st Annual Couchiching Summer Conference in Geneva Park on Lake Couchiching, Ontario.
• David Dodge in the Vancouver Sun
  In The News / February 21, 2012
  In the Vancouver Sun article, "Canada Needs a Single Securities Regulator for Healthy Financial System," writer Fiona Anderson discusses David Dodge's presentation to the Vancouver Board of Trade on Monday, February 20, 2012. David Dodge suggests that Canada requires a single securities regulator to ensure properly working financial systems, which are key to economic growth.
• Why Worry? Thoughts on the Financial Crisis and the Importance of Canada Getting it Right
  Speaking Engagements / February 20, 2012
  David Dodge speaks at The Vancouver Board of Trade and discusses the current financial crisis and its impact on Canada.
• IPAC Seventh Annual Leadership Conference
  Speaking Engagements / February 13, 2012
  David Dodge presents "Insights for Public Sector Leaders Facing Today's Challenges," at the Institute of Public Administration of Canada's Seventh Annual Leadership Conference at the Four Seasons Hotel in Toronto.
• The Economic Union and Pressures from Uneven Growth
  Speaking Engagements / February 07, 2012
  David Dodge presents "The Economic Union and Pressures from Uneven Growth" at an event co-sponsored by the University of Calgary, the School of Public Policy and the Intergovernmental Affairs Secretariat of the Privy Council Office.
• David Dodge Honoured with Vanier Medal
  In The News / January 17, 2012
  David Dodge has been presented the 2011 Vanier Medal by His Excellency the Right Honourable David Johnston, Governor General of Canada. The Vanier Medal, managed by the Institute of Public Administration of Canada, is one of the highest forms of recognition for Canadian public administrators. It was created in 1962 in honour of Canada's second Canadian-born governor general, the Right Honourable Georges P. Vanier. The Medal is awarded annually to a person who has shown distinctive leadership and has made significant contributions to the fields of public administration and public service in Canada. A complete summary of the presentation is available from the Governor General's website. The linked PDF is a copy of David's speech.
• David Dodge Interviewed on CTV's Power Play
  In The News / January 17, 2012
  On CTV's Power Play with Don Martin, David Dodge discusses receiving the 2011 Vanier Medal and his thoughts on the health care system and public service.
• David Dodge on Health Care in Canada
  In The News / December 06, 2011
  In the National Post article, "Ours Is Not a Public Health Care: Dodge," Scott Stinson interviews David Dodge on the state of health care in Canada.
• Paying for Healthcare: The Opportunity for Consumer and Provider Cooperation
  Speaking Engagements / December 05, 2011
  David Dodge heads the discussion, "Paying for Healthcare: The Opportunity for Consumer and Provider Cooperation," part of the Pfizer Healthcare Series, at the Toronto Board of Trade. The linked PDF is a copy of David's presentation.
• Bennett Jones Fall 2011 Economic Outlook
  Updates / November 28, 2011
  The year 2011 has been rich in shocks that reverberated through the global economy. They have heightened uncertainty and dampened both the already timid recovery in advanced economies and the robust expansion in emerging markets that we had expected for 2011 and 2012. Still, the same pattern of a two-speed world continues, with deleveraging constraining growth in mature economies, and investment and consumption supporting solid growth in the EMEs.
• David Dodge on TVO's The Agenda with Steve Paikin
  In The News / September 21, 2011
  David Dodge takes part in TVO's The Agenda with Steve Paikin episode, "Political Platforms, Economic Realities," to discuss the economic platforms of Ontario's three major parties following his comments in the Globe and Mail article, "Black Coffee Spiked with Exasperation", which was published Friday, September 9, 2011.
• David Dodge Featured in the Globe and Mail
  In The News / September 09, 2011
  In the Globe and Mail article, "David Dodge: Black Coffee Spiked with Exasperation," Jacquie McNish highlights the career of Bennett Jones senior advisor, and former Governor of the Bank of Canada, David Dodge, particularly his latest turn as economic and public policy critic.
• David Dodge and Richard Dion Report Discussed in the Edmonton Journal
  In The News / August 22, 2011
  In the Edmonton Journal article, "No Need For Hasty Health 'Reforms'," Mel McMillan reviews the C.D. Howe Institute report co-authored by David Dodge and Richard Dion on growing healthcare expenses and highlights information in the report the future premier of Alberta should consider.
• David Dodge in Reuters
  In The News / June 16, 2011
  In the Reuters article by Steve Slater, "Greek Bond Investors Must Share Pain: Bank Group", David Dodge comments on the need for private sector investors to participate in the restructuring of Greek sovereign debt. 
• Video: The Canadian Oil & Gas Sector: 2012 Political & Economic Outlook
  Video and Audio / May 24, 2011
  The Canadian energy industry continues to play a central role in global plans for the development of secure, long-term incremental supplies of oil and natural gas.
• Bennett Jones Spring 2011 Economic Outlook
  Updates / May 17, 2011
  Since last fall a number of risks to the world economic conjuncture have emerged or gained in intensity but, at the same time, there have been growing signs that the recovery in advanced countries has finally reached escape velocity and that persistently rapid growth has virtually eliminated spare capacity in large emerging market economies (EMEs).
• David Dodge Discusses Healthcare on CBC's Power and Politics
  In The News / April 14, 2011
  On CBC's Power and Politics with Evan Solomon, David Dodge discusses the C.D. Howe report on health care he authored with Richard Dion.
• Hard Choices Are Coming on Health Care
  Articles / April 11, 2011
  As societies become richer, they tend to accommodate the rising demands and expectations of their citizens for more and better-quality health-care services. The value that citizens place on preserving and extending a good-quality life becomes more important as their consumption of other goods and services expands with their income. Published in the Ottawa Citizen.
• David Dodge on CTV's Power Play Talking Healthcare Reform
  In The News / April 07, 2011
  On CTV's Power Play, David Dodge discusses Canada's healthcare system, as outlined in the C.D. Howe report he authored with Richard Dion.
• David Dodge and Richard Dion in National Post
  In The News / April 06, 2011
  In the National Post article, "Cuts, Sacrifices Ahead As Health-care Costs Set To Spike: Report", Sarah Boesveld reviews the C.D. Howe Institute report co-authored David Dodge and Richard Dion on the necessary changes to the Canadian health-care system in order to keep pace with growing costs. 
• Messy Policies for a Messy World
  Articles / March 29, 2011
  Over the last half century, economic policy making has always had to cope with economic situations that are somewhat messy and uncertain. This challenge has become more daunting over time as issues and shocks to address have proliferated along with the increasing integration and liberalization of the world economy. What I will try to do today is to sketch some of the manifestations of the increased integration of the world economy, identify the key issues and shocks that policy makers have to deal with at present, and outline what policies are underway and should be expected to bring "strong, sustained, balanced growth", to use the same words as the G-20 communiqués. All along I will try to indicate the interdependencies between problems and policies that make the present economic situation particularly complicated for economists and policy makers to deal with. Presented at the Ottawa Economics Association's Annual Policy Conference in Ottawa, ON.
• Ottawa Economics Association's Annual Policy Conference
  Speaking Engagements / March 29, 2011
  At the Ottawa Economics Association's Annual Policy Conference in Ottawa, David Dodge delivers the remarks, "Messy Policies for a Messy World."
• David Dodge Speaks to Business News Network
  In The News / January 25, 2011
  David Dodge discusses the international currency war, the outlook for interest rates and what Canadians need to get spiraling consumer debt under control on the BNN show, "Squeezeplay". 
• David Dodge in Business Intelligence Middle East
  In The News / January 12, 2011
  In the Business Intelligence Middle East article, "Dubai School of Government Lecture Outlines Inadequacy of International Financial System," comments by David Dodge on balancing the global economy are highlighted. 
• David Dodge Speaks to The National
  In The News / January 11, 2011
  In the article, "Global Currency War Fears For UAE Prospects", by Tom Arnold for The National, David Dodge comments on the concern that escalating global currency wars could result in trade barriers against the UAE's petrochemical and airline industries.
• David Dodge Speaks at Dubai School of Government
  In The News / January 10, 2011
  David Dodge was a guest speaker at the Dubai School of Government for the lecture, "Building an International Financial System for the 21st Century". Dr. Dodge discussed the need for creating a framework of rules governing the financial system and exchange rate mechanism to help balance the global economy.
• Bennett Jones Fall 2010 Economic Outlook
  Updates / December 13, 2010
  The global economic recovery remained highly uneven in 2010. Growth in the emerging market economies (EMEs) of Asia and Latin America has exceeded our Spring outlook while the pace of activity in advanced economies, especially in the second half of 2010, has fallen short of what we expected in the spring.
• David Dodge Sees Sub-Par Recovery of Global Economy
  In The News / November 28, 2010
  Speaking at the Bennett Jones Lake Louise World Cup Business Forum, and reported in Paul Vieira's Financial Post article, "Global Economy Facing 'Major Adjustments': Dodge," David Dodge comments on how he sees that the "world economy still faces major adjustments" and "uncertainty and volatility [are] to persist in the short term."
• Canada Rising: Our Future as a Global Economic Leader
  Announcements / November 18, 2010
  (Lake Louise, AB) – Internationally prominent economic, political and business leaders will meet at the Bennett Jones Lake Louise World Cup Business Forum on Friday, November 26, 2010, to discuss critical opportunities and challenges that face Canada as the country increasingly assumes a bigger global economic role.
• David Dodge Appointed to UAE Central Bank Advisory Panel
  Announcements / October 21, 2010
  In an announcement made by the UAE Central Bank, and reported in Gulf News, David Dodge has been appointed to the newly formed advisory panel which will provide independent advice to the apex bank on matters relating to monetary policy, macro prudential policies and the overall management of the financial system. David is joined by fellow council members Dr. Robert Mundell, Dr. Joseph Yam and Sir John Bond.
• Chronic Health Care Spending Disease: A Macro Diagnosis and Prognosis
  Articles / September 08, 2010
  Good treatment of any disease begins with a comprehensive accurate diagnosis of the underlying problem. Physicians know that symptoms can be misleading and that a prescription to relieve the symptoms without a full understanding of their underlying cause may result in a treatment that exacerbates rather than cures the disease. 
• Canada Has Good Reasons to Worry
  Articles / May 29, 2010
  Canada's relatively sound position by international standards masks a structural deficit that is poised to resume growth later this decade unless governments find more permanent solutions to cutting expenses than in their latest budgets, and introduce new measures to durably boost revenue. Published in the Winnipeg Free Press.
• Canada's Fiscal Edge to Fade Without Tough Action
  Articles / May 25, 2010
  The problems facing Greece, Spain and Ireland may lead investors to think Canada is free from fiscal worries. They should think again when looking ahead for the next few years. Published on Bloomberg.com.
• Bennett Jones Spring 2010 Economic Outlook
  Updates / May 17, 2010
  As the Canadian economy recovers, Bennett Jones provides its perspective on economic trends that will influence Canadian business throughout 2010 and beyond. This economic update reviews the short-term outlook for the Canadian and world economies, discusses the policy adjustments that are needed to support growth beyond the recovery, examines the fiscal challenge Canada faces in the medium term, highlights international trade issues and negotiations underway, and draws implications of this uncertain macroeconomic evolution for Canadian businesses. Look for the Autumn 2010 Economic Outlook in November 2010.
• David Dodge Comments on Goldman Sachs Law Suit
  In The News / April 22, 2010
  In Greg Quinn's Business Week article, “Dodge Says Goldman Case May Spur New Rules From Wrong Lesson,” David Dodge comments on the International Monetary Fund's recommendation that a tax be imposed on financial institutions. “This is going to give a further push for tighter rules, I am not sure we are going to take the right lesson.”
• David Dodge Quoted in Health Care Reform Discussion
  In The News / April 16, 2010
  Written by Jeffrey Simpson, the Globe and Mail article, “ When The Penny Drops, Denial Over Health Care Stops,” chronicles the initial steps towards reforming health care in Canada. Quoting David Dodge's speech at the recent Canada at 150 convention in Montreal, Jeffrey quotes Dodge stating, the “need for an ‘adult conversation' on the future of health care”.
• David Dodge Discusses Stark Health Care Options
  In The News / April 12, 2010
  In John Geddes's Macleans.ca article, “ The Health Care Time Bomb,” the future of Canadian healthcare is examined through the comments of several prominent industry and public policy experts. David Dodge describes four “unpalatable” measures to rectify health care that he claims will require some consideration.
• David Dodge speech to Canada at 150:Rising to the Challenge Conference
  Articles / March 27, 2010
  David Dodge speech, delivered in Montreal on Saturday, March 27, 2010,  at the Canada at 150:Rising to the Challenge Conference.
• Credible Budget To Aid Recovery
  In The News / March 27, 2010
  Reporting on David Dodge's opinion on the Canadian budget, Theophilos Argitis' Bloomberg BusinessWeek article, “ Canada's Dodge Says ‘Credible' Budget Would Ease Drag on Growth,” outlines David's view that while a fiscal plan that would lead to government fiscal balances by 2016 would slow domestic demand and recovery, those effects can be mitigated by policy implemented by the Bank of Canada.
• Tough Choices Ahead for Maintaining Government Services: David Dodge
  In The News / March 27, 2010
  The Canadian Press article, “ Former Bank Governor Says Tough Choices Ahead on How to Pay for Costs of Aging Population,” summarizes some of David Dodge's comments given at the Canada 150: Rising to the Challenge conference in Montreal. While at the conference, David discussed the future of government services in Canada and the difficult choices ahead to maintain them.
• David Dodge Comments on Pension Reform
  In The News / March 27, 2010
  In Jane Taber's Globe and Mail article, “ David Dodge Calls for Pension Reform,” the views on pensions David Dodge expressed at the Canada 150: Rising to the Challenge conference in Montreal are examined. Discussing potential options to repair the ailing pension system, David states, “...much really can be done to improve the policy framework for these plans going forward, possibly we could have a voluntary component for the Canada Pension Plan…”
• David Dodge Discusses Canadian Pensions
  In The News / March 19, 2010
  Appearing in the Financial Post, “What Level of 'Pensions' Do Canadians Really Want?” is based on a study co-written by David Dodge for the C.D. Howe Institute. The study examines the potential disparity between current levels of savings and expected retirement income levels of Canadians.
• The Piggy Bank Index: Matching Canadians' Saving Rates to Their Retirement Dreams
  Articles / March 18, 2010
  As Canada's baby boom generation approaches retirement age, public concern about the adequacy of retirement income is mounting. The sharp fall in stock markets and interest rates in 2008/09, coupled with the bankruptcy of a few major employers, has heightened Canadians' anxiety over the adequacy and certainty of their expected retirement incomes, from employer pensions, Registered Retirement Savings Plans (RRSPs) and other private savings.
• Canadian Fiscal and Economic Policies: Where to from Here?
  Articles / March 04, 2010
  This paper explores what might be the evolution of Canadian economic policies over this new decade with a particular emphasis on budgetary policies of the federal and Ontario governments. Presented at Queen's University for the Inaugural Matthews Lecture on March 4, 2010 (revised version March 30, 2010).
• David Dodge Nominated to the Bank of Nova Scotia Board
  Announcements / March 01, 2010
  Posted by Tara Perkins on the Globe and Mail's Streetwise Blog, “ Scotiabank Nominates David Dodge to Board” mentions the nomination of David Dodge to Scotiabank's board of directors.
• David Dodge Speaks on Economic Development
  In The News / February 18, 2010
  In her Calgary Herald piece, “Vigilance on the Mind of Ex-Central Banker,” Deborah Yedlin discusses David Dodge's recent comments at a presentation given to select Bennett Jones clients. David comments on the role of developing economies in fuelling Alberta's commodity driven economy and projects Canada's growth at 2.5-3% for 2010, and higher still for 2011. He also discusses the housing market, lauding the government's course of action.
• David Dodge Discusses Mortgage Tightening on CBC
  In The News / February 16, 2010
  David Doge, interviewed by CBC Radio's The House, discusses the need to restrict mortgage conditions for Canadians as the appropriate course of action to protect from a possible price collapse in the housing market.
• David Dodge Discusses the Need to Cool the Housing Market
  In The News / February 14, 2010
  In Tara Perkins' Globe and Mail article, “ Dodge Suggests Feds Should Cool House Market,” David Dodge is interviewed on the status of the housing market and on his predictions on the market's course. Dodge goes on to say, “Whether there's a bubble or not you can only see after the fact… if your house price goes down 10% and you've borrowed 95% of its value, all of a sudden you'd be in hot water.”
• David Dodge Cautions on Housing Market Sustainability
  In The News / February 11, 2010
  In John Greenwood's Financial Post article, “ Dodge Warns on Canadian Housing Market,” the state of the housing market is examined, particularly in terms of sustainability. David Dodge states,“One would have to say that the relation of house prices to Canadians' income is right at the high end of what one would think would likely be sustainable over time.”
• David Dodge Discusses the Canadian Housing Market on BNN
  In The News / February 10, 2010
  Appearing on BNN's SqueezePlay, David Dodge discusses the status of the Canadian housing market in relation to sustainable levels of values and income over time, expressing his concern that the market may be too high to be maintained.
• David Dodge Comments on Canada's Banking Stability
  In The News / January 29, 2010
  In Chrystia Freeland's Financial Times article, “ What Toronto Can Teach New York and London,” the stability of Canadian banks through the credit crisis is examined, looking at the policy of the industry and the cultural and political climate affecting it as well. David Dodge is quoted discussing some of the lessons learned from the 1990s and how they helped secure Canada's banking sector for the 2007-08 meltdowns.
• David Dodge Describes Required Measures to Bring Down Federal Deficit
  In The News / December 19, 2009
  In Tara Perkin's Globe and Mail article, “ Unpopular Choices Ahead, Dodge Says,” David Dodge clearly outlines the direction he feels necessary to address the federal deficit. “I think it is unfortunate when politicians of any stripe lead us to believe that we'll be able to do the fiscal correction painlessly. That's not the case.”
• David Dodge Comments on Lessons Learned from the ABCP Collapse
  In The News / December 18, 2009
  In Andrew Willis and Boyd Erman's Globe and Mail piece, “ ABCP Penalties to Top $130 Million,” the regulatory settlements levied on banks and investment dealers is examined. David Dodge is interviewed, commenting on some of the lessons learned from the meltdown.
• David Dodge Urges Canadians to Curb Standards of Living Now for a Comfortable Retirement
  In The News / December 18, 2009
  Appearing in the New Brunswick Telegraph-Journal, the article, “ Canadians Urged to Cut Standard of Living,” details comments made by David Dodge on proposed alternatives for Canadian pension reform. David spoke out against expanding the plan as a “nanny state” solution, warning that Canadians should consider cutting into their current standard of living to pay for a more comfortable retirement.
• Regulators Purviews Must be Broadened: David Dodge
  In The News / December 18, 2009
  Appearing in the Globe and Mail, Boyd Erman and Tara Perkin's article, “ With ACBP Fines Out of the Way, Spotlight is On Watchdogs,” features comments from David Dodge. Speaking on the nature of commercial paper and the role of the securities commission, Dodge shares his opinion on the post ABCP collapse regulation landscape.
• David Dodge Predicts Oilpatch Revival in 2010
  In The News / December 17, 2009
  Appearing in the Calgary Herald , Shaun Polczer's article, " Oilpatch Revival Coming in 2010, Says Ex-Central Banker," examines the prediction made by David Dodge in the 2010 Bennett Jones Business Forecast.
• David Dodge Delivers Outlook at Bennett Jones Lake Louise Business Forum
  Announcements / November 27, 2009
  First released on Reuters and later appearing in the Financial Post, the article, “Rates Can Stay Low Through 2015: David Dodge,” discusses David Dodge's address on the Bank of Canada's policy delivered at the Bennett Jones Lake Louise World Cup Business Forum.
• David Dodge Comments on Economic Policy Next Steps
  In The News / November 27, 2009
  Posted on Reuters, the article, “Canada's Dodge Says Rates Can Stay Low Through 2015,” sums up a speech delivered by David Dodge at the Bennett Jones Lake Louise Business Forum. In his address, David discusses the possibility of keeping the Bank of Canada rate low, while examining the need to raise taxes to offset federal deficits.
• David Dodge Comments on the Dubai Crisis and Commercial Real Estate
  In The News / November 27, 2009
  Posted on CBC Online, the story, “U.S. Markets Fall on Dubai Crisis,” examines the knock-on effect the debt crisis in Dubai had on U.S. stock markets. David Dodge comments, pointing out, “we know that commercial real estate is probably the one thing where we haven't seen as yet the full effects. We know we've got more coming in terms of problems with commercial real estate in the United States.”
• Bennett Jones Brings Together Top Business Leaders
  Announcements / November 19, 2009
  (Lake Louise, AB) Top international economic and business leaders are meeting at the Bennett Jones Lake Louise World Cup Business Forum on November 27, 2009, to discuss the enormous challenges ahead in shaping a new economic order amidst the fall-out from last year's global financial crisis.
• David Dodge Comments on Canadian Productivity
  In The News / November 02, 2009
  Appearing in The Sudbury Star, Carol Mulligan's article, “Dodge Receives Honorary LU Degree,” mentions David Dodge's receipt of an honorary doctorate of laws, while detailing the address he delivered to the graduating class. In his speech, David addresses the need for Canadians to deal with the large number of retirees set to leave the workforce in the upcoming decade. He points out the need to increase Canadian productivity to help offset the reduced-retiree/working-Canadian ratio.
• David Dodge to Co-Chair Ontario Economic Summit
  Announcements / October 28, 2009
  The article, “Ontario Economic Summit Focuses on Growing Ontario Economy,” which appeared on Marketwire, details the topic and list of speakers at the sixth annual Ontario Economic Summit. David Dodge will co-chair the event.
• David Dodge Comments on International Finance Reform
  In The News / October 27, 2009
  Appearing in the Wall Street Journal, Laurence Norman and Natasha Brereton's article, “Regulators Prepare for the Next ‘Big One',” discusses some of the obstacles to overcome in order to achieve unified global financial regulation. David Dodge comments on the concerns shared by many that, “…memories will be short, and that the longer we go without actually making some real progress here, the harder it will get.”
• David Dodge to Receive Honorary Doctorate of Laws
  Announcements / October 16, 2009
  Appearing in the Sudbury Star, “Laurentian to Honour Former Bank of Canada Governor,” details Laurentian University's decision to confer an honorary doctorate of laws upon David Dodge. The event will take place during the afternoon fall convocation ceremony on October 31, 2009.
• David Dodge on CBC's The National
  In The News / September 14, 2009
  David Dodge offers his views on the causes of the economic slowdown. Appearing during a special report for the CBC's The National, David was interviewed by Amanda Lang and, among other things, discusses the fall of Lehman Brothers and the repercussions it generated. The CBC special report can be seen in its entirety from the CBC's website.
• David Dodge Comments on Deficit Reduction
  In The News / September 10, 2009
  In Susan Riley's The Star Phoenix article, “Canadians Can Handle Truth,” David Dodge is quoted discussing the reality of serious policy choices being required to effectively deal with the federal deficit.
• David Dodge Weighs In on Deficit Reduction
  In The News / September 04, 2009
  The Ottawa Citizen article, “The Politics of Pandering,” by Susan Riley, discusses the stance taken by the federal Conservatives and Liberals on the issue of the national deficit reduction.  Former governor of the Bank of Canada David Dodge comments on the requisites for dealing with the deficit in the coming years.
• Social Policy and the Recession: A Passive or Transformative Response?
  Articles / August 18, 2009
  Speaking at the Queen's International Institute on Social Policy, former Governor of the Bank of Canada (2001-2008) David Dodge's speech, “Social policy and the recession: A passive or transformative response?” examines the economic forces that shaped the recession and offers his insight on the future of the economy.
• David Dodge and Anne McLellan Appointed to Premier's Council for Economic Strategy in Alberta
  Announcements / July 03, 2009
  David Dodge and Anne McLellan are among 12 members appointed to the Premier's Council for Economic Strategy in Alberta. This advisory group has been created to consider the long-term goals for Alberta and provide advice on the actions Alberta can take for the future. According to Premier Ed Stelmach, “We've put together an impressive range of experts from around the globe to advise on how we can best position Alberta for the future - and reach our full potential as a province.”
• Reflections on the Role of Monetary Policy
  Articles / May 30, 2009
  Speaking at the Doug Purvis Memorial Lecture, former Governor of the Bank of Canada (2001-2008) David Dodge's speech, “Reflections on the Role of Monetary Policy,” outlines the role of regulation in maintaining the soundness of public finance, the future value of money, and the stability of financial systems.
• Big Ideas for Public Policies During Turbulent Times
  Articles / May 14, 2009
  In his speech, “Financial Market Regulation for Growth and Stability,” delivered at the University of Calgary, former Governor of the Bank of Canada (2001-2008) David Dodge discusses the notion that while policy conditions may change, the underpinnings of all policies must be to achieve high sustainable levels of economic growth on the one hand and reasonable social, economic, and financial stability on the other.
• David Dodge Presentation Notes
  Articles / March 24, 2009
  Presentation to The Japan Society Symposium in Toronto.
• David Dodge Comments on Bank Self Regulation
  In The News / March 19, 2009
  David Dodge comments on the movement of banks towards self discipline in light of recent economic events in the article Banks make a proposal to monitor new risks written by Matthew Saltmarsh for the International Herald Tribune.  The article briefly describes the establishment of a panel of experts assembled by the Institute of International Finance, (with David Dodge as co-chair).
• Rebuilding the Global Economic and Financial Order
  Articles / February 12, 2009
  In this speech given to the Canadian International Council, former Governor of the Bank of Canada (2001-2008) David Dodge provides economic insights and analysis on how to rebuild the international economic and financial order.
• Bennett Jones Business Forecast 2009
  Updates / December 17, 2008
  As the New Year approaches, Bennett Jones provides its forecast for Canadian business in 2009.
• North American Regional Meeting of the Trilateral Commission
  Articles / November 22, 2008
  David Dodge provided the opening remarks to the Trilateral Commission's North American Regional Meeting in Ottawa, ON, held November 21-23, 2008. In his remarks, "Health of the North American Economy," Mr. Dodge describes the current economic climate in Canada and highlights the policy issues that will arise over the short and long term.
• David Dodge Speaks to C.D. Howe Institute
  In The News / November 20, 2008
  The National Post reported on Bennett Jones business advisor and former Bank of Canada Governor David Dodge's presentation to the C.D. Howe Institute in Toronto. Mr. Dodge is quoted as saying, "Central banks, relying only on adjusting their policy rate, cannot be expected to do the job if regulators don't set appropriate rules for capital reserves.
• Bennett Jones Welcomes David Dodge as Senior Advisor
  Announcements / September 12, 2008
  Bennett Jones LLP, one of Canada's leading business law firms today welcomed David Dodge, former Governor of the Bank of Canada (February 1, 2001 to January 31, 2008) to the firm as Senior Advisor. Mr. Dodge's unmatched expertise in government, business and domestic and international finance will provide invaluable insight and advice to clients in a period of complicated and turbulent financial markets.
• Dodge Says He "Saw the Disaster Coming"
  In The News / September 10, 2008
  In his first interview since retiring from the Bank of Canada, David Dodge sits down with Jacquie McNish from the Globe and Mail to discuss how many central bankers recognized that trouble was afoot as early as 2003, and how Wall Street and other regulators didn't listen.