Bank of Canada Governor David Dodge wants a new sheriff to police the global economy, a revamped and strengthened International Monetary Fund that would engage in "ruthless truth telling." In a speech at the Harvard Club, he expressed clear frustration with the failure of the world's leading industrialized countries to pursue reforms that he said are needed to head off a looming financial crisis. He proposed retooling the IMF to make it the global institution responsible for co-ordinating market-friendly reforms around the world, and for issuing warnings when countries fail to heed danger signs in their own economies.