David Allison Dodge (born June 8, 1943) is a Canadian
economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics.
The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
.
He served as
Governor of the Bank of Canada from 2001 to 2008.
Early life
Dodge was born in
Toronto,
Ontario, Canada in 1943. He attended
Ridley College
Ridley College (also known as RC, Ridley) is a private school, private boarding school, boarding and day university-preparatory school located in St. Catharines, Ontario, Canada, 20 miles (32 km) from Niagara Falls. The school confers the On ...
, a private boarding school in
St. Catharines
St. Catharines is the largest city in Canada's Niagara Region and the sixth largest urban area in the province of Ontario. As of 2016, it has an area of , 136,803 residents, and a metropolitan population of 406,074. It lies in Southern Ontari ...
(and second alumnus to become Bank Governor), and graduated from
Queen's University with an honours degree in
economics. He received his
Ph.D in economics from
Princeton University in 1972 after completing a doctoral dissertation titled "The structure of earnings of Canadian accountants, engineers and scientists and the implications for returns to investment in university education."
Career
He was Assistant
Professor of
Economics at
Queen's University, Associate Professor of
Canadian Studies and
International Economics at the School of Advanced International Studies at
Johns Hopkins University, Senior Fellow in the Faculty of Commerce at the
University of British Columbia, and Visiting Professor in the Department of Economics at
Simon Fraser University. He has also served as Director of the International Economics Program of the Institute for Research on Public Policy.
Canadian Politics
Dodge served in the senior ranks of the Canadian federal government from 1992 to 2001, a month before his appointment as the Bank of Canada Governor.
Deputy Minister of Finance
He was appointed Deputy
Minister of Finance
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation.
A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...
in 1992. In the 1996 book ''Double Vision'',
Edward Greenspon
Edward Greenspon (born March 26, 1957) is a Canadian journalist who was at Bloomberg News in January 2014 as Editor-at-Large for Canada after four years as vice president of strategic investments for Star Media Group, a division of Torstar Corp. a ...
and Anthony Wilson-Smith describe in detail the role which Dodge played in reviving Canada's economy by working closely with Finance Minister
Paul Martin to eliminate the federal budget's deficit spending.
Deputy Minister of Health
In 1998, Dodge was appointed the Deputy
Minister of Health. While Deputy, Dodge's role in founding the Winnipeg
National Microbiology Laboratory was commended as critically important by laboratory director-general
Frank Plummer.
Bank of Canada
In 2001, Dodge was appointed the Governor of the
Bank of Canada.
His appointment was controversial as the Bank of Canada traditionally promotes from within, helping to avoid the perception of politicizing of the central bank.
During Dodge's term, annual inflation stayed close to the Bank of Canada's target of 2 percent, and the Canadian economy avoided any recessions.
In 2008, Dodge retired from the Bank of Canada, and was replaced by
Mark Carney.
Following his exit from the Bank, Dodge joined the Canadian law firm
Bennett Jones
Bennett Jones LLP is a law firm based in Canada.
Firm
Bennett Jones is a Canadian business law firm with 400 lawyers and business advisors.
The firm has five offices in Canada ( Calgary, Toronto, Edmonton, Ottawa and Vancouver), and on ...
as a senior advisor.
Chancellor of Queen's University
Dodge was elected as the 13th
chancellor of
Queen's University on May 2, 2008, succeeding
A. Charles Baillie. The appointment was effective July 1, 2008, though Dodge was only officially installed later that year, on October 30. As his first three-year term drew to a close, Dodge's re-appointment was unanimously endorsed by the Queen's University Council, and Dodge served until his retirement at the end of his second-term on June 30, 2014. He was subsequently appointed chancellor emeritus by the University Council, an honorary title he still holds today.
Dodge was elected to the
Royal Society of Canada in October, 2009.
He was made an Officer of the
Order of Canada in 2007.
References
Further reading
* ''Double Vision: The Inside Story of the Liberals in Power'', by
Edward Greenspon
Edward Greenspon (born March 26, 1957) is a Canadian journalist who was at Bloomberg News in January 2014 as Editor-at-Large for Canada after four years as vice president of strategic investments for Star Media Group, a division of Torstar Corp. a ...
and Anthony Wilson-Smith, Toronto 1996, Doubleday Canada publishers, .
External links
Bank of Canada – Biography of David A. Dodge
{{DEFAULTSORT:Dodge, David A.
1943 births
Living people
Canadian economists
Chancellors of Queen's University at Kingston
Fellows of the Royal Society of Canada
Governors of the Bank of Canada
Johns Hopkins University faculty
Officers of the Order of Canada
People from Toronto
Princeton University alumni
Queen's University at Kingston alumni
Queen's University at Kingston faculty
Ridley College alumni
Simon Fraser University faculty