1. Go to http://www.statcan.gc.ca/eng/start. Scroll down the page to find the "Consumer Price Index" link on the right side of the page.

• What is the annual percentage change in the CPI for the most recent month available?
• Click on the link and scroll down the page and click on the link to open "Consumer Price Index." Once there, scroll down the page and click the link labelled "Table 18-10-0004-01" then click the tab labelled "Add/Remove data," then in the section labelled "Reference Period" change the start date to "January 2019" and end date to "January 2020." Then hit "Apply" at the bottom of the page. Use the new report generated to determine the percentage rate of change of the CPI from January 2019 to January 2020.

2. Now go to http://www.statcan.gc.ca/eng/start and search for "Table: 10-10-0122-01" and Click on "Add/Remove data," then in the section labelled "Reference Period" change the start date to "January 2019" and end date to "December 2019." In the new report generated, look at the series labelled "Treasury bill auction average yields: 3 month" for the 12 months of 2019.

• What is the maximum? The minimum?
• Then do the same for 2009. How do the data for 2019 and 2009 compare?
• How would you relate this to your answer in part 1.?
• From the data on Treasury bill interest rates, what would you infer about the level of the inflation rate in 2009 compared to 2019? (You can check your answer by going back to the www.statcan. gc.ca website to find the percent change in the CPI from 2008 to 2009.)

3. How would you characterize the change in the Canadian economy from 2009 to 2019?