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Consider the prevailing conditions for inflation (including oil prices), the economy, the budget deficit, and the Central Banks monetary policy that could affect interest rates.
Consider the prevailing conditions for inflation (including oil prices), the economy, the budget deficit, and the Central Banks monetary policy that could affect interest rates. Based on these conditions, do you think interest rates will likely increase / decrease / remain same in Canada during 2021? Offer logic to support your answer. Which factor do you think will have the greatest impact on interest rates?
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