COMPAS Poll/Survey
February 7, 2008

Bank of Canada’s Dodge Retires with Record Plaudits Along with Some Concern about Dutch Disease: Successor Should Lower Canadian Rates More Slowly than U.S. Fed; Opposition to Adopting U.S. Dollar Remains Strong

  BDO Dunwoody Weekly CEO/Business Leader Poll By COMPAS in Canadian Business
Policy and Opinion
Consumer and Lifestyle
Business and Finance
Bank of Canada Governor David Dodge retires with record plaudits from the COMPAS panel of CEOs and business leaders. Dodge’s performance rating of 81% matches that of Alan Greenspan on the latter’s retirement in 2005. Among governments and government officials, the only performance score to exceed Dodge’s was that received by the Harper government for a clean report on its 2005-6 financial statements by the Auditor-General, 82%.

In their volunteered answers, panelists emphasized the positive except in so far as some expressed frustration that Dodgea had failed to do much to combat the Dutch Disease in the form of a rising dollar as result of the growth in importance of the oil and gas sector.

Looking to the future, panelists call for the Bank of Canada to drop interest rates, albeit somewhat more slowly than the actions of the U.S. central bank. Panelists remain opposed to adopting the U.S. dollar.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP.

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