David Allison Dodge (born June 8, 1943) is a Canadian

economist An economist is a professional and practitioner in the 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 field there are ...

. He served as

Governor of the Bank of Canada The governor of the Bank of Canada () is the chief executive officer of the Bank of Canada and acts as chair of its board of directors. The ''Bank of Canada Act'', 1985, S. 6(1), provides that the governor and deputy governor shall be appointed ...

from 2001 to 2008.

Early life

Dodge was born in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central C ...

, Canada in 1943. He attended

Ridley College Ridley College (also known as RC, Ridley) is a private boarding and day university-preparatory school located in St. Catharines, Ontario, Canada, 20 miles (32 km) from Niagara Falls. The school confers the Ontario Secondary School Diploma ...

, a private boarding school in St. Catharines (and second alumnus to become Bank Governor), and graduated from Queen's University with an honours degree in

economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

. He received his

Ph.D A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

in economics from

Princeton University Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the ...

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 Professor (commonly abbreviated as Prof.) is an academic rank at universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who professes". Professors ...

Economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

at Queen's University, Associate Professor of

Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of ...

Studies and

International Economics International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and ...

at the School of Advanced International Studies at

Johns Hopkins University Johns Hopkins University (Johns Hopkins, Hopkins, or JHU) is a private research university in Baltimore, Maryland. Founded in 1876, Johns Hopkins is the oldest research university in the United States and in the western hemisphere. It consi ...

, Senior Fellow in the Faculty of Commerce at the

University of British Columbia The University of British Columbia (UBC) is a public research university with campuses near Vancouver and in Kelowna, British Columbia. Established in 1908, it is British Columbia's oldest university. The university ranks among the top thre ...

, and Visiting Professor in the Department of Economics at

Simon Fraser University Simon Fraser University (SFU) is a public research university in British Columbia, Canada, with three campuses, all in Greater Vancouver: Burnaby (main campus), Surrey, and Vancouver. The main Burnaby campus on Burnaby Mountain, located ...

. 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 Paul Edgar Philippe Martin (born August 28, 1938), also known as Paul Martin Jr., is a Canadian lawyer and politician who served as the 21st prime minister of Canada and the leader of the Liberal Party of Canada from 2003 to 2006. The son o ...

to eliminate the federal budget's deficit spending.

Deputy Minister of Health

In 1998, Dodge was appointed the Deputy

Minister of Health A health minister is the member of a country's government typically responsible for protecting and promoting public health and providing welfare and other social security services. Some governments have separate ministers for mental health. Coun ...

. While Deputy, Dodge's role in founding the Winnipeg

National Microbiology Laboratory The National Microbiology Laboratory (NML) is part of the Public Health Agency of Canada (PHAC), the agency of the Government of Canada that is responsible for public health, health emergency preparedness and response, and infectious and chronic ...

was commended as critically important by laboratory director-general

Frank Plummer Francis Allan Plummer (2 December 1952 – 4 February 2020) was a Canadian scientist, academic and HIV/AIDS researcher. He was "a recognized specialist in infectious diseases whose work influenced public health policy in Canada and abroad". He wa ...

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 Mark Joseph Carney (born March 16, 1965) is a Canadian economist and banker who served as the governor of the Bank of Canada from 2008 to 2013 and the governor of the Bank of England from 2013 to 2020. Since October 2020, he is vice chairman an ...

. 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 one i ...

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 Alexander Charles Baillie (born December 20, 1939) is the former CEO of TD Bank Financial Group; he served in this role until December, 2002. He served as the 12th Chancellor of Queen's University. He was appointed on July 1, 2002 and completed ...

. 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 The Order of Canada (french: Ordre du Canada; abbreviated as OC) is a Canadian state order and the second-highest honour for merit in the system of orders, decorations, and medals of Canada, after the Order of Merit. To coincide with the cen ...

in 2007.

References

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