One of the major ways the Bank of Canada influences economic conditions is through its control of interest rates.

Question

Quizplus · Accepted Answer

The Bank of Canada uses its control of interest rates to influence economic conditions, such as inflation, economic growth, and employment. By adjusting the target overnight interest rate, the Bank can affect the interest rates that consumers and businesses pay on loans and mortgages, which in turn can impact spending and investment decisions.

One of the Major Ways the Bank of Canada Influences