Access the Bank of Canada website to answer the four parts below.

a. Visit the "Statistics" tab to locate data (under Indicators) on the recent history of the following groups of monetary variables: (i); (ii) policy instrument; and (iii) monetary aggregates. Present monthly data of each set of variables in tabular form from January 2020 to January 2021 inclusive. (Please do not print the table directly from the website, Make a neat and precise one-page table for only the months required, An MS Excel table calculate)

b. Explain in detail what each variable represents, use Bank of Canada's website to find the answer to this question.

c. Explain the economic reasons for the evolution in the variables from January 2020 to January 2021 inclusive. Make sure to include the impact of COVID-19 on these variables.

d. Find the Bank's latest press release (March 10, 2021) about overnight rates and explain why the Bank decided to change (or not to change) its target for the overnight rate. Attach the press release to your answer.