Discuss the following questions and prepare a final answer (250 words) for your assigned group.

• What policy instruments, if any, the Bank of Canada is using in response to COVID-19? Do you think these are adequate to avoid a recession?

Read the following articles to formulate your idea and discuss the above question:

https://www.bankofcanada.ca/wp-content/uploads/2020/05/remarks-040520.pdf

https://www.nationalobserver.com/2020/03/14/news/bank-canada-cuts-rates-response-covid-19

https://business.financialpost.com/news/economy/this-is-what-the-bank-of-canada-has-left-in-its-arsenal-to-fight-the-coronavirus-downturn