Bank of Canada Still Wants to Raise Rates, Manulife's Donald Says

The transcript discusses the economic outlook for Canada, focusing on rate hikes, GDP downgrades, and business investment challenges. It highlights the impact of oil prices on the economy and the Bank of Canada's stance on interest rates. The discussion also covers growth forecasts and job numbers, emphasizing the need for stabilization in non-energy sectors and the challenges posed by slowing wage growth and rising debt service costs.

What is one of the main challenges the Bank of Canada faces in deciding on rate hikes?

• Increasing consumer confidence

• Slowing wage growth and rising debt service costs

• Rising residential mortgage credit growth

• Stabilization in the energy sector

What term did Poloz use to describe the persistent underperformance in business investment?

• Economic stagnation

• Serial disappointment

• NAFTA resolution

• Investment drought

What has been a significant change in the source of business investment over the past five years?

• Greater focus on export activities

• Shift from energy to non-energy sectors

• Dependence on small businesses

• Increased reliance on the energy sector

What is the expected economic impact of the oil slump compared to the period from 2014 to 2016?

• Half the magnitude

• Twice the magnitude

• Same magnitude

• One-fourth the magnitude

How did the Bank of Canada's growth forecast for 2020 compare to the growth in 2017?

• Lower than 2017

• Same as 2017

• Unchanged from 2017

• Higher than 2017

Why is the Bank of Canada not cutting rates despite falling oil prices?

• Oil prices have no impact on the economy

• Energy sector's reduced share in the economy

• Increased consumer spending

• Stable housing market

What is a key difference between Canadian and U.S. job numbers?

• Canadian wage growth is increasing

• U.S. job numbers are declining

• U.S. wage growth is decreasing

• Canadian wage growth is falling