Bank of Canada Briefing note assignment Subject: Bank of Canada interest rate announcement Background: The Bank of Canada issues its interest rate decisions in announcements made 8 times a year. The announcement is a short, concise, one page document that explains what the Bank is doing, why they are doing it, and it also gives an indication of what they are planning for future announcements. The announcements are anticipated by financial institutions and businesses because interest rate changes are of such importance in current operations and future. investmentsand expenditures, Your job is to assume the role of the governor of the Bank of Canada (Tiff Masklem), analyze the current economic conditions, decide what to do with the next interest rate announcement on April 13 and explain the rationale for your decision. You are furthermore required to give an indication (forward guidance) on what changes if any are anticipated in future announcements