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May 30th, 2006Committee meeting
David Dodge
Industry committee No, that's true.
May 30th, 2006Committee meeting
David Dodge
Industry committee Thank you, Mr. Chairman.
May 30th, 2006Committee meeting
David Dodge
Industry committee It would be hard to give you a brief answer. This will also require considerable energy.
May 30th, 2006Committee meeting
David Dodge
Industry committee I would like to correct you on the connection between our benchmark, the core CPI, and the eight excluded products. The core CPI is simply a guide that tells us what the inflation trend will be, because the total CPI fluctuates according to fluctuations in those eight products an
May 30th, 2006Committee meeting
David Dodge
Industry committee It is true that profits are not very high for some sub-sectors. The situation is a very difficult one, especially in the clothing, textile, furniture and pulp and paper sectors. There are enormous variations in the manufacturing sector. There are businesses that are making enough
May 30th, 2006Committee meeting
David Dodge
Industry committee That is a problem for businesses everywhere. It's difficult for manufacturing sectors because energy constitutes a major part of their costs, but the situation is the same around the world.
May 30th, 2006Committee meeting
David Dodge
Industry committee Yes, we need to be out of here by 12:15 p.m., I think, Mr. Chairman.
May 30th, 2006Committee meeting
David Dodge
Industry committee Certainly, the Government of Canada and the governments of most provinces have, since the early nineties, been on a track to try to deal with this. Indeed, Canada kind of stands out among the OECD community as having done a pretty good job on the fiscal side. “Having done” doesn'
May 30th, 2006Committee meeting
David Dodge
Industry committee The Americans have a big longer-run problem. They have a short-run problem that I won't really comment on, which they haven't dealt with very well, but they have a huge long-run problem. First, there's their social security system. We basically dealt with ours in 1996 with the
May 30th, 2006Committee meeting
David Dodge
Industry committee First, let's be very clear. Most of the specific tools that governments have are tools that are in the provincial domain. We have a few federally, but most of it is in the provincial domain in terms of government. In terms of employers, and this is really quite important, we hav
May 30th, 2006Committee meeting
David Dodge
Industry committee I guess all I'd say is that our strength--to take Dofasco's old line--is always going to be our people. Training and development of people is absolutely critical. It's critical, of course, to the individuals, but it's critical to the health of our firms. The importance of trainin
May 30th, 2006Committee meeting
David Dodge
Industry committee Paul has done a lot of work on this, so let me ask him.
May 30th, 2006Committee meeting
David Dodge
Industry committee No. That's the short answer: no. The dollar is going to move around, and indeed it's sending signals as it moves around. The volatility is hard to deal with, but it is sending signals that are generally appropriate. As we look at what's been going on, the movement in the dollar l
May 30th, 2006Committee meeting
David Dodge
Industry committee I'm not the most competent person to comment on that. In aggregate, of course, what we are finally experiencing is an increase in real wages of workers. It's been a long time coming. We went through an extraordinarily difficult adjustment period in the 1990s, but we are now see
May 30th, 2006Committee meeting
David Dodge