using the Monterey policy reports by the bank of Canada please answer this question:

For a company's management planning a major new investment in plant and equipment, how significant is the bank of Canada's forecasts.

If you were the manager of a Canadian business, planning a significant investment, what would be your budgeting plan based on likely forecasts of economic activity? In the short term? In the long term?

Since you will be evaluating your capital budgeting project based on discounting future cash flows, what impact will this economic background have a new discount rate? Explain