Question
The Bank of Canada released an UPDATE IN OCTOBER 2020. There is a brief video and a pdf document found in the link below https://www.bankofcanada.ca/2020/10/mpr-2020-10-28/
The Bank of Canada released an UPDATE IN OCTOBER 2020. There is a brief video and a pdf document found in the link below https://www.bankofcanada.ca/2020/10/mpr-2020-10-28/
Please review both and comment on some of the concerns and projections the Bank of Canada is predicting.
When considering the discussion, please think of the following topics:
What is Canada's target inflation rate? What does the video and pdf suggest
the future impact will be?
What is the Covid long term effect with changes in the workplace?
When does Canada expect an increase in interest rates? What is Canada current interest rate?
On page 2 of the pdf there is a good summarization of what the Bank of
Canada does in regards to the monetary policy. Please comment on what
Canada's inflation strategies are
What does the world stage have to do with Canada? Why does the Bank of
Canada worry about global markets?
NOTE - please focus on the bullet point questions
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