The Bank of Canada determines very short-term interest rates through its influence on

Name: The Bank of Canada determines very short-term interest rates through its influence on
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The Bank of Canada uses its influence on the overnight rate, which is the rate at which banks borrow and lend from each other overnight, to set very short-term interest rates. This has a ripple effect on other interest rates in the economy, such as consumer borrowing rates and mortgage rates.

The Bank of Canada Determines Very Short-Term Interest Rates Through