Speaking at the Nation Builders Dinner held by Famous 5 Foundation in Calgary last night, David Dodge, Governor of the Bank of Canada, had little to say about the future direction of monetary policy. Instead, he focused on the Bank’s role in providing a solid infrastructure.

He reiterated that the Bank’s monetary policy contributes to solid economic performance and rising living standards for Canadians by keeping inflation low, stable, and predictable. He also touted the importance of a sound financial system and a secure currency.

Dodge also noted the Bank of Canada’s continued commitment to communicate its objectives “openly and effectively and to stand accountable for our actions”.

“We each have a responsibility to contribute to the society in which we live. As a public institution, the Bank of Canada takes this responsibility seriously,” Dodge concluded. “We know that by fulfilling our economic role in Canadian society — by giving Canadians confidence in the value of money — we make an important social contribution as well. The Bank of Canada will continue to promote the economic well-being of Canada and Canadians. That is our commitment to you.”