[3] He attended Ridley College, 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.

Dodge served in the senior ranks of the Canadian federal government from 1992 to January 2001—one month before his appointment as Governor of the Bank of Canada.

In the 1996 book Double Vision, Edward Greenspon 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.

[7] 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.

[7] Following his exit from the Bank, Dodge joined the Canadian law firm Bennett Jones as a senior advisor.