Topic: Bank of Canada and the U. S Federal Reserve: Monetary Policies

(Please explain in detail the following (at lease 2 Paragraph per question)

1. Explain the primary tools used by the central bank and the Federal Reserve to control the money supply in each country.

2. Describe how each monetary authority uses these tools to impact macroeconomic performance.

3. Compare banking regulations of the central bank of Canada and the U.S Federal Reserve.

Thank you