Bank of Canada's Poloz Sees Future Policy as Data-Dependent

The transcript covers discussions on the global and Canadian economies, focusing on interest rate expectations, trade wars, and economic risks. It highlights the impact of the US government shutdown on economic data and explores monetary policy decisions and inflation trends. The potential effects of Brexit on the macro economy are also considered.

What are the two main challenges facing the Canadian economy according to the transcript?

• High inflation and unemployment

• Low oil prices and global trade uncertainties

• Rising interest rates and housing market collapse

• Currency devaluation and fiscal deficit

Why did the Bank of Canada not raise rates in January?

• Because of weak oil prices and trade war risks

• Due to strong economic growth

• To control inflation

• To boost consumer spending

What is the Bank of Canada's approach to future rate changes?

• They will increase rates regardless of economic conditions

• They will decrease rates to stimulate the economy

• They will follow the US Federal Reserve's decisions

• They will depend on economic data and conditions

How does the US government shutdown affect Canada's economic data collection?

• It improves data sharing between countries

• It has no effect on Canada's data

• It provides more accurate data

• It limits the availability of trade data

What is the relationship between Canadian and US monetary policies?

• They are highly correlated

• They are completely independent

• They have no impact on each other

• Canada always follows the US

What is the potential impact of Brexit on Canada's economy?

• It will boost Canada's economic growth

• It has a major impact on Canada's economy

• It has a small effect on Canada's macroeconomy

• It will lead to a recession in Canada

What is the estimated range for the long-term natural rate according to the transcript?

• 4% to 5%

• 1% to 2%

• 3% to 4%

• 2.5% to 3.5%