The Bank of Canada Act states that the Banks principal role is "to promote the economic and financial welfare of Canada." In order to fulfill its obligation under the law the Bank operates in 5 distinct areas.One of those areas is to manage the Canadian dollar exchange rate with other global currencies.What instruments can the Bank of Canada use to affect the Canadian dollar exchange rate? Explain how they affect the exchange rate.

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The Answer of The Bank of Canada Act states that the Banks principal role is "to promote the economic and financial welfare of Canada." In order to fulfill its obligation under the law the Bank operates in 5 distinct areas.One of those areas is to manage the Canadian dollar exchange rate with other global currencies.What instruments can the Bank of Canada use to affect the Canadian dollar exchange rate? Explain how they affect the exchange rate.

The Bank of Canada Act States That the Banks Principal