Discuss the following questions

• What policy instruments, if any, the Bank of Canada have used so far in response to COVID-19?
• Do you think these policies have proved 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.bankofcanada.ca/markets/market-operations-liquidity-provision/covid-19-actions-support-economy-financial-system/

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

https://www.cbc.ca/news/business/signs-of-slowdown-column-don-pittis-1.6902251

https://financialpost.com/news/economy/bank-of-canada-holds-interest-rate-march-6-2024