What can the Bank of Canada do to increase the rate of growth of the money supply?

Question

Quizplus · Accepted Answer

The Bank of Canada can increase the rate of growth of the money supply by lowering the bank rate. This makes borrowing cheaper for banks, which in turn increases their ability to lend and creates more money in circulation. Purchasing stocks on the stock market or selling government securities on the open market may have an impact on the economy, but they do not directly affect the money supply growth rate. Raising the bank rate would have the opposite effect of reducing the money supply growth rate.

What Can the Bank of Canada Do to Increase the Rate